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 30 h ago 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

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	FCF	Total debt	Cash
2025	$277M	$18M	13.9%	7.9%	$2M	$101M	$50M
2024	$238M	$34M	12.5%	15.0%	-$32M	$99M	$73M
2023	$215M	-$40M	6.8%	-32.7%	$9M	$36M	$85M
2022	$242M	$74M	28.1%	29.0%	$25M	$19M	$111M
2021	$192M	$48M	22.6%	28.9%	$36M	$20M	$86M
2020	$128M	$15M	13.2%	10.5%	-$33M	$45M	$88M
2019	$141M	$40M	22.1%	27.5%	$28M	$24M	$123M
2018	$135M	$35M	22.1%	32.2%	$34M	$11M	$85M
2017	$105M	$30M	16.1%	31.3%	$26M	$57M	$102M
2016	—	$30M	—	—	$84M	$126M	$69M
2015	—	$22M	—	—	$104M	$160M	$36M
2014	—	-$38M	—	—	-$38M	$236M	$54M
2013	—	$44M	—	—	-$4M	$171M	$95M
2012	—	$109M	—	—	—	$166M	$140M
2011	—	$162M	—	—	$135M	$145M	$154M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
Mar '26	$63M	$9M	22.8%	17.5%	—	—	$53M
Dec '25	$67M	-$4M	18.0%	11.3%	—	$101M	$50M
Sep '25	$77M	$13M	13.0%	8.8%	—	—	$53M
Jun '25	$68M	$3M	10.0%	-0.1%	—	—	$49M
Mar '25	$66M	$5M	14.7%	11.7%	—	—	$62M
Dec '24	$70M	$8M	12.0%	5.5%	—	$99M	$73M
Sep '24	$62M	$16M	11.7%	31.9%	—	—	$63M
Jun '24	$52M	$6M	13.4%	14.1%	—	—	$62M
Mar '24	$53M	$5M	13.2%	8.9%	—	—	$62M
Dec '23	$57M	-$44M	12.3%	-118.8%	—	$36M	$85M
Sep '23	$47M	-$4M	-4.7%	-13.5%	—	—	$128M
Jun '23	$61M	$3M	10.4%	2.9%	—	—	$117M
Mar '23	$50M	$6M	6.7%	3.6%	—	—	$110M
Dec '22	$64M	$14M	29.2%	24.5%	—	$19M	$111M
Sep '22	$62M	$11M	28.9%	15.9%	—	—	$93M
Jun '22	$61M	$37M	25.5%	48.4%	—	—	$97M
Mar '22	$55M	$13M	28.8%	27.2%	—	—	$82M
Dec '21	$49M	$8M	25.3%	22.0%	—	$20M	$86M
Sep '21	$52M	$25M	27.7%	53.3%	—	—	$88M
Jun '21	$46M	$7M	19.6%	18.9%	—	—	$85M

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 21.9× (Jun '26).
The price-to-sales ratio has risen from 1.1× (Mar '23) to 1.4× (Jun '26).
The dividend yield has fallen from 2.2% (Mar '23) to 1.9% (Jun '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?

As of Jun '26, NACCO INDUSTRIES INC traded at a price-to-earnings ratio of about 21.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.