NC Financials NACCO INDUSTRIES INC

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Aug 9, 2026, 10:19 UTC Overview →

Growth & profitability

Revenue has grown 16.6% per year over the past 5 years.
Net income has grown slower than revenue (3.5% vs 16.6% per year).
Operating margin has contracted, at 7.9% in the latest year.

Financial health

Total debt ($101M) exceeds cash ($50M); net debt is $51M.
Total debt has grown in line with revenue (17.5% vs 16.6% per year).
Operating income covered interest expense 3.8× in the latest year.
Total debt is 2.1× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 41.7% of earnings and 321.1% of free cash flow.
The dividend has grown 6.4% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$277M	$18M	13.9%	7.9%	4.1%	2.7%	$2M	$101M	$50M
2024	$238M	$34M	12.5%	15.0%	8.3%	5.3%	-$32M	$99M	$73M
2023	$215M	-$40M	6.8%	-32.7%	-10.4%	-7.3%	$9M	$36M	$85M
2022	$242M	$74M	28.1%	29.0%	17.4%	13.1%	$25M	$19M	$111M
2021	$192M	$48M	22.6%	28.9%	13.7%	9.5%	$36M	$20M	$86M
2020	$128M	$15M	13.2%	10.5%	4.9%	3.1%	-$33M	$45M	$88M
2019	$141M	$40M	22.1%	27.5%	13.7%	8.9%	$28M	$24M	$123M
2018	$135M	$35M	22.1%	32.2%	13.9%	9.2%	$34M	$11M	$85M
2017	$105M	$30M	16.1%	31.3%	13.8%	7.8%	$26M	$57M	$102M
2016	—	$30M	—	—	13.4%	4.4%	$84M	$126M	$69M
2015	—	$22M	—	—	10.9%	3.4%	$104M	$160M	$36M
2014	—	-$38M	—	—	-18.0%	-4.9%	-$38M	$236M	$54M
2013	—	$44M	—	—	14.9%	5.5%	-$4M	$171M	$95M
2012	—	$109M	—	—	38.6%	14.0%	—	$166M	$140M
2011	—	$162M	—	—	28.1%	9.0%	$135M	$145M	$154M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$72M	-$963000	21.0%	-3.1%	-0.2%	-0.1%	—	—	$46M
Mar '26	$63M	$9M	22.8%	17.5%	2.0%	1.3%	—	—	$53M
Dec '25	$67M	-$4M	18.0%	11.3%	-0.9%	-0.6%	—	$101M	$50M
Sep '25	$77M	$13M	13.0%	8.8%	3.1%	2.1%	—	—	$53M
Jun '25	$68M	$3M	10.0%	-0.1%	0.8%	0.5%	—	—	$49M
Mar '25	$66M	$5M	14.7%	11.7%	1.2%	0.8%	—	—	$62M
Dec '24	$70M	$8M	12.0%	5.5%	1.9%	1.2%	—	$99M	$73M
Sep '24	$62M	$16M	11.7%	31.9%	3.9%	2.6%	—	—	$63M
Jun '24	$52M	$6M	13.4%	14.1%	1.6%	1.1%	—	—	$62M
Mar '24	$53M	$5M	13.2%	8.9%	1.2%	0.8%	—	—	$62M
Dec '23	$57M	-$44M	12.3%	-118.8%	-11.5%	-8.1%	—	$36M	$85M
Sep '23	$47M	-$4M	-4.7%	-13.5%	-0.9%	-0.7%	—	—	$128M
Jun '23	$61M	$3M	10.4%	2.9%	0.6%	0.4%	—	—	$117M
Mar '23	$50M	$6M	6.7%	3.6%	1.3%	1.0%	—	—	$110M
Dec '22	$64M	$14M	29.2%	24.5%	3.2%	2.4%	—	$19M	$111M
Sep '22	$62M	$11M	28.9%	15.9%	2.6%	1.9%	—	—	$93M
Jun '22	$61M	$37M	25.5%	48.4%	9.2%	6.8%	—	—	$97M
Mar '22	$55M	$13M	28.8%	27.2%	3.5%	2.5%	—	—	$82M
Dec '21	$49M	$8M	25.3%	22.0%	2.2%	1.5%	—	$20M	$86M
Sep '21	$52M	$25M	27.7%	53.3%	7.3%	5.1%	—	—	$88M

Valuation over time

How the market has priced NC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 3.7× (Mar '23) to 14.9× (Nov '26).
The price-to-sales ratio has fallen from 1.1× (Mar '23) to 0.9× (Nov '26).
The dividend yield has risen from 2.2% (Mar '23) to 2.8% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is NC growing its revenue and profit?

Over the past 5 years, NACCO INDUSTRIES INC's revenue has grown 16.6% per year, and net income grown 3.5% per year. These are computed facts, not advice.

How much debt does NC have?

As of FY2025, NACCO INDUSTRIES INC reported $101M of total debt against $50M of cash; operating income covered interest expense 3.8×.

What is NC's profit margin?

In FY2025, gross margin was 13.9%, operating margin 7.9%, and net margin 6.3%.

What is NC's P/E ratio?

NACCO INDUSTRIES INC's P/E (TTM) is 15.10 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the NC stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 14.9× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.