NACCO Industries, Inc.
NYSE•NC
CEO: Mr. John C. Butler Jr.
Sector: Energy
Industry: Coal
Listing Date: 1977-06-17
NACCO Industries, Inc., together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies. Coal is surface mined in North Dakota and Mississippi. The North American Mining segment provides value-added contract mining and other services for producers of aggregates, activated carbon, lithium, and other industrial minerals; and contract mining services for independently owned mines and quarries in Florida, Texas, Arkansas, Virginia, and Nebraska. This segment also offers mining design and consulting services. The Minerals Management segment is involved in the leasing of its royalty and mineral interests to third-party exploration and production companies, and other mining companies, which grants them the rights to explore, develop, mine, produce, market, and sell gas, oil, and coal. NACCO Industries, Inc. was founded in 1913 and is headquartered in Cleveland, Ohio.
Contact Information
Market Cap
$365.15M
P/E (TTM)
12.6
38.6
Dividend Yield
2.0%
52W High
$53.88
52W Low
$30.00
52W Range
Rank38Top 36.9%
4.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$76.61M+24.26%
4-Quarter Trend
EPS
$1.78-16.82%
4-Quarter Trend
FCF
$19.86M-462.66%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Strong Operating Cash Flow Net cash provided by operations reached $39.502M (9M 2025), representing a favorable $42.381M swing from 2024 usage.
Contract Mining Revenue Growth Revenues excluding pass-through costs grew 21.6% in Q3 2025, driven by increased tons delivered and higher part sales volume.
Utility Coal Profitability Stable Segment operating profit was $10.000M (9M 2025); prior year benefited from $13.612M insurance recoveries related to boiler issue.
Equity Securities Value Equity securities fair value stood at $18.109M as of September 30, 2025, recognizing $0.7M gain during the quarter.
Risk Factors
Operating Profit Decreased Operating profit fell $17.414M to $14.408M (9M 2025), primarily due to absence of 2024 business interruption insurance recoveries.
Anticipated Pension Settlement Significant non-cash settlement charge anticipated in Q4 2025 upon termination of the defined benefit pension plan structure.
MLMC Sales Price Impact Gross loss at MLMC worsened in Q3 2025 due to a decrease in the contractually determined sales price per ton delivered.
Net Income Lower Net income declined $4.763M to $21.414M (9M 2025) compared to the prior year period results for the nine months ended.
Outlook
2026 Profit Improvement Expected Expect meaningful year-over-year improvements in both operating profit and net income across the full year 2026 period.
New Contract Growth Driver New multi-year dragline services contract executed in October 2025 expected to boost Contract Mining earnings starting Q2 2026.
Capital Expenditure Planning Anticipate $44M CapEx for remainder of 2025, increasing to approximately $70M planned for the entire 2026 fiscal year.
Durability Through Contracts Business model relies on durable, long-term coal contracts providing stable, dependable recurring cash flows for stability.
Peer Comparison
Revenue (TTM)
JKS$10.44B
$790.27M
$547.80M
Gross Margin (Latest Quarter)
NGS59.5%
50.5%
34.7%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| FET | $519.22M | -4.6 | -36.3% | 29.2% |
| NGS | $438.66M | 23.4 | 7.1% | 37.0% |
| GPRK | $417.45M | 20.0 | 10.1% | 59.3% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.9%
Moderate Growth
4Q Net Income CAGR
20.6%
Profitability Improved
Cash Flow Stability
75%
Volatile Cash Flow
Research & Insights
Next earnings:Mar 4, 2026
EPS:-
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 5, 2025|Revenue: $76.61M+24.3%|EPS: $1.78-16.8%N/AForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 6, 2025|Revenue: $68.24M+30.4%|EPS: $0.44-45.7%N/AForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: Apr 30, 2025|Revenue: $65.57M+23.0%|EPS: $0.67+9.8%N/AForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Mar 5, 2025|Revenue: $237.71M+10.7%|EPS: $4.58+186.6%N/AForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Oct 30, 2024|Revenue: $61.66M+32.5%|EPS: $2.14-519.6%BeatForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Jul 31, 2024|Revenue: $52.35M-14.7%|EPS: $0.81+138.2%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 1, 2024|Revenue: $53.29M+6.3%|EPS: $0.61-20.8%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Mar 6, 2024|Revenue: $214.79M-11.1%|EPS: $-5.29-152.2%Miss