NCNYSEBituminous Coal & Lignite Surface MiningFiscal year ends December 31
NACCO INDUSTRIES INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$32.64−1.64 (-4.78%)
Close on Oct 19, 2026
- Market cap
- $246.17M
- P/E (TTM)
- 14.1
- Dividend yield
- 3.02%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
13.9%+0.7 pts over 5 years
Operating margin
7.9%−2.5 pts over 5 years
Net margin
6.3%−5.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +16.6% | +4.7% | +16.6% | +6.5% | |
| Gross profit | +29.3% | -17.2% | +17.8% | – | |
| Operating income | -38.4% | -32.0% | +10.3% | – | |
| Net income | -47.9% | -38.1% | +3.5% | -2.2% | |
| EPS, diluted | -48.4% | -38.4% | +2.3% | -2.8% | |
| Free cash flow | – | -55.1% | – | -31.7% | |
| Dividend per share | +9.4% | +6.3% | +5.1% | -0.6% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 14.1% | 5.0% | 4.2% | |
| Return on assets | 4.5% | 3.2% | 2.7% | |
| Current ratio | 1.72 | 3.60 | 3.09 | |
| Debt to equity | 0.44 | 0.09 | – | |
| Net debt to EBITDA | 2.35× | -1.96× | – | |
| Interest coverage | -0.4× | 9.9× | 3.8× | |
| Inventory turnover | 1.0× | 2.5× | 3.0× | |
| Capex to revenue | 9.2% | 23.5% | 17.5% | |
| Diluted shares | 7M | 7M | 7M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Nacco Industries generated $270.30M from operations and spent $278.11M on capital expenditure, dividends and share buybacks. 83% of that went back into the business.
Generated
$270.30M
Used
$278.11M
Capital expenditure$230.49M83%Dividends$32.04M12%Share buybacks$15.58M6%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin6.3%
×Asset turnover0.43×
×Equity multiplier1.55×
=Return on equity, FY20254.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 6.3% | 0.43× | 1.55× | 4.2% |
| FY2024 | 14.2% | 0.41× | 1.49× | 8.6% |
| FY2023 | -18.4% | 0.39× | 1.37× | -9.8% |
| FY2022 | 30.7% | 0.45× | 1.38× | 19.0% |
| FY2021 | 25.1% | 0.39× | 1.51× | 14.7% |
| FY2020 | 11.5% | 0.28× | 1.56× | 5.0% |
| FY2019 | 28.1% | 0.34× | 1.52× | 14.7% |
| FY2018 | 25.7% | 0.35× | 1.63× | 14.8% |
| FY2017 | 29.0% | 0.20× | 2.40× | 13.8% |
| FY2016 | 26.7% | 0.17× | 3.14× | 14.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$17.57M
- Cash generatingOperating cash flow above zero$50.91M
- Return on assets improvedROA up on the prior year6.3% → 2.8%
- Earnings backed by cashOperating cash flow above net income$50.91M vs $17.57M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose4.08 → 3.09
- No dilutionShare count did not rise7M → 7M
- Gross margin improvedGross margin up on the prior year12.52% → 13.88%
- More efficientAsset turnover rose0.44 → 0.44