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Stocks · Bituminous Coal & Lignite Surface Mining

NACCO INDUSTRIES INC

NC Clue Score36
United States Fiscal year ends December CIK 0000789933
$35.57 -2.63% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $35.57 −1.74% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue111.1Operating income−1.7Net income29.6EPS, diluted4.32Fiscal year 2017Revenue104.8 −5.7%Operating income32.8Net income30.3 +2.5%EPS, diluted4.41 +2.1%Fiscal year 2018Revenue135.4 +29.2%Operating income43.6Net income34.8 +14.7%EPS, diluted5.00 +13.4%Fiscal year 2019Revenue141.0 +4.1%Operating income38.8Net income39.6 +13.9%EPS, diluted5.66 +13.2%Fiscal year 2020Revenue128.4 −8.9%Operating income13.4Net income14.8 −62.7%EPS, diluted2.10 −62.9%Fiscal year 2021Revenue191.8 +49.4%Operating income55.4Net income48.1 +225.3%EPS, diluted6.69 +218.6%Fiscal year 2022Revenue241.7 +26.0%Operating income70.0Net income74.2 +54.1%EPS, diluted10.06 +50.4%Fiscal year 2023Revenue214.8 −11.1%Operating income−70.1Net income−39.6 −153.4%EPS, diluted−5.29 −152.6%Fiscal year 2024Revenue237.7 +10.7%Operating income35.7Net income33.7EPS, diluted4.55Fiscal year 2025Revenue277.2 +16.6%Operating income22.0Net income17.6 −47.9%EPS, diluted2.35 −48.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 111.1 104.8 135.4 141.0 128.4 191.8 241.7 214.8 237.7 277.2
Growth −5.7% +29.2% +4.1% −8.9% +49.4% +26.0% −11.1% +10.7% +16.6%
Operating income −1.7 32.8 43.6 38.8 13.4 55.4 70.0 −70.1 35.7 22.0
Net income 29.6 30.3 34.8 39.6 14.8 48.1 74.2 −39.6 33.7 17.6
Growth +2.5% +14.7% +13.9% −62.7% +225.3% +54.1% −153.4% −47.9%
EPS, diluted 4.32 4.41 5.00 5.66 2.10 6.69 10.06 −5.29 4.55 2.35
Growth +2.1% +13.4% +13.2% −62.9% +218.6% +50.4% −152.6% −48.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin10.9%Operating margin−1.5%Net margin26.7%Free cash flow margin75.4%Fiscal year 2017Gross margin16.1%Operating margin31.3%Net margin29.0%Free cash flow margin24.4%Fiscal year 2018Gross margin22.1%Operating margin32.2%Net margin25.7%Free cash flow margin24.9%Fiscal year 2019Gross margin22.1%Operating margin27.5%Net margin28.1%Free cash flow margin19.9%Fiscal year 2020Gross margin13.2%Operating margin10.5%Net margin11.5%Free cash flow margin−25.4%Fiscal year 2021Gross margin22.6%Operating margin28.9%Net margin25.1%Free cash flow margin18.6%Fiscal year 2022Gross margin28.1%Operating margin29.0%Net margin30.7%Free cash flow margin10.4%Fiscal year 2023Gross margin6.8%Operating margin−32.7%Net margin−18.4%Free cash flow margin4.2%Fiscal year 2024Gross margin12.5%Operating margin15.0%Net margin14.2%Free cash flow margin−13.6%Fiscal year 2025Gross margin13.9%Operating margin7.9%Net margin6.3%Free cash flow margin0.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 10.9% 16.1% 22.1% 22.1% 13.2% 22.6% 28.1% 6.8% 12.5% 13.9%
Operating margin −1.5% 31.3% 32.2% 27.5% 10.5% 28.9% 29.0% −32.7% 15.0% 7.9%
Net margin 26.7% 29.0% 25.7% 28.1% 11.5% 25.1% 30.7% −18.4% 14.2% 6.3%
Free cash flow margin 75.4% 24.4% 24.9% 19.9% −25.4% 18.6% 10.4% 4.2% −13.6% 0.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow93.9Capital expenditure−10.2Free cash flow83.8Buybacks−6.0Dividends paid−7.3Fiscal year 2017Operating cash flow41.3Capital expenditure−15.7Free cash flow25.6 −69.4%Buybacks0.0Dividends paid−6.7Fiscal year 2018Operating cash flow54.6Capital expenditure−20.9Free cash flow33.7 +31.6%Buybacks−1.3Dividends paid−4.6Fiscal year 2019Operating cash flow52.8Capital expenditure−24.7Free cash flow28.1 −16.5%Buybacks−3.0Dividends paid−5.1Fiscal year 2020Operating cash flow−2.5Capital expenditure−30.2Free cash flow−32.7 −216.2%Buybacks−1.0Dividends paid−5.4Fiscal year 2021Operating cash flow74.9Capital expenditure−39.2Free cash flow35.6Buybacks0.0Dividends paid−5.6Fiscal year 2022Operating cash flow67.7Capital expenditure−42.5Free cash flow25.2 −29.3%Buybacks0.0Dividends paid−6.0Fiscal year 2023Operating cash flow54.5Capital expenditure−45.4Free cash flow9.1 −64.0%Buybacks−3.1Dividends paid−6.5Fiscal year 2024Operating cash flow22.3Capital expenditure−54.7Free cash flow−32.4 −456.9%Buybacks−9.9Dividends paid−6.6Fiscal year 2025Operating cash flow50.9Capital expenditure−48.6Free cash flow2.3Buybacks−2.5Dividends paid−7.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 93.9 41.3 54.6 52.8 −2.5 74.9 67.7 54.5 22.3 50.9
Capital expenditure −10.2 −15.7 −20.9 −24.7 −30.2 −39.2 −42.5 −45.4 −54.7 −48.6
Free cash flow 83.8 25.6 33.7 28.1 −32.7 35.6 25.2 9.1 −32.4 2.3
Growth −69.4% +31.6% −16.5% −216.2% −29.3% −64.0% −456.9%
Buybacks −6.0 0.0 −1.3 −3.0 −1.0 0.0 0.0 −3.1 −9.9 −2.5
Dividends paid −7.3 −6.7 −4.6 −5.1 −5.4 −5.6 −6.0 −6.5 −6.6 −7.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash69.3Total debt96.0Net cash (debt)−26.7Shareholders’ equity220.3Debt to equity0.44Fiscal year 2017Cash101.6Total debt43.1Net cash (debt)58.5Shareholders’ equity219.4Debt to equity0.20Fiscal year 2018Cash85.3Total debt7.0Net cash (debt)78.2Shareholders’ equity250.7Debt to equity0.03Fiscal year 2019Cash122.9Total debt17.9Net cash (debt)104.9Shareholders’ equity289.4Debt to equity0.06Fiscal year 2020Cash88.5Total debt45.0Net cash (debt)43.5Shareholders’ equity300.6Debt to equity0.15Fiscal year 2021Cash86.0Total debt20.4Net cash (debt)65.6Shareholders’ equity352.1Debt to equity0.06Fiscal year 2022Cash110.7Total debt18.9Net cash (debt)91.8Shareholders’ equity427.0Debt to equity0.04Fiscal year 2023Cash85.1Total debt35.8Net cash (debt)49.3Shareholders’ equity382.3Debt to equity0.09Fiscal year 2024Cash72.8Total debt99.4Net cash (debt)−26.6Shareholders’ equity404.9Debt to equity0.25Fiscal year 2025Cash49.7Total debt100.8Net cash (debt)−51.1Shareholders’ equity429.2Debt to equity0.23
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 69.3 101.6 85.3 122.9 88.5 86.0 110.7 85.1 72.8 49.7
Total debt 96.0 43.1 7.0 17.9 45.0 20.4 18.9 35.8 99.4 100.8
Net cash (debt) −26.7 58.5 78.2 104.9 43.5 65.6 91.8 49.3 −26.6 −51.1
Shareholders’ equity 220.3 219.4 250.7 289.4 300.6 352.1 427.0 382.3 404.9 429.2
Debt to equity 0.44 0.20 0.03 0.06 0.15 0.06 0.04 0.09 0.25 0.23

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
111.1 104.8 135.4 141.0 128.4 191.8 241.7 214.8 237.7 277.2
Growth −5.7% +29.2% +4.1% −8.9% +49.4% +26.0% −11.1% +10.7% +16.6%
n/a 87.9 105.4 109.9 111.5 148.4 173.9 200.2 208.0 238.7
12.1 16.9 30.0 31.1 17.0 43.5 67.8 14.6 29.8 38.5
Growth +40.0% +77.1% +3.9% −45.5% +156.1% +56.1% −78.5% +103.9% +29.3%
9.7 n/a n/a n/a n/a n/a n/a n/a n/a n/a
48.9 47.5 49.2 53.8 53.1 55.7 63.9 65.6 69.8 77.9
−1.7 32.8 43.6 38.8 13.4 55.4 70.0 −70.1 35.7 22.0
Growth +32.9% −11.0% −65.4% +312.0% +26.3% −200.2% −38.4%
34.5 29.1 42.2 43.4 14.3 56.9 87.7 −64.2 33.6 13.1
−9.6 0.6 7.4 3.8 −0.5 8.7 13.6 −24.6 −0.1 −4.4
29.6 30.3 34.8 39.6 14.8 48.1 74.2 −39.6 33.7 17.6
Growth +2.5% +14.7% +13.9% −62.7% +225.3% +54.1% −153.4% −47.9%
Per share
4.34 4.44 5.02 5.68 2.11 6.73 10.14 −5.29 4.58 2.37
4.32 4.41 5.00 5.66 2.10 6.69 10.06 −5.29 4.55 2.35
Growth +2.1% +13.4% +13.2% −62.9% +218.6% +50.4% −152.6% −48.4%
6.8 6.8 6.9 7.0 7.0 7.1 7.3 7.5 7.4 7.4
6.9 6.9 7.0 7.0 7.1 7.2 7.4 7.5 7.4 7.5
Growth +0.3% +1.3% +0.7% +0.7% +1.9% +2.5% +1.4% −0.9% +0.9%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 16.6% a year over five years, and earnings per share grew 2.3% a year.
  • The diluted share count rose 6.0% in five years, which is dilution.
  • Operating margin is down 2.5 points on five years ago, at 7.9%.
  • A net loss in 1 of 10 years on file.