Stock pay outran buybacks. Stock-based pay expense $19M vs $16M spent repurchasing shares over the 3 fiscal years to 2025.
Over three fiscal years NACCO Industries recorded $19M of stock-based pay expense and spent $16M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years NACCO Industries recorded $19M of stock-based pay expense and spent $16M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.
Borrowing rising faster than profit. Since 2022: debt +413%, operating profit −69%.
NACCO Industries's debt grew 413% since 2022 while operating profit changed −69%.
Sales growing faster than profits. Since 2022: revenue +15%, operating profit −69%.
Since 2022, NACCO Industries's revenue changed +15% while operating profit fell 69%: costs rose faster than sales.
Profit is backed by cash. Free cash flow is 149% of reported profit.
NACCO Industries's free cash flow is 149% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 66 → 63
Peer companies moved-3
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Why it changed since the Oct 27, 2026 close: Safety percentile 90 → 89
Peer companies moved-1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about NACCO Industries
Is NACCO Industries getting weaker?
Its latest SEC filing (Aug 5, 2026) showed no major changes. Its overall score is unchanged at 56/100 since Oct 28, 2026.
How is NACCO Industries valued vs its peers?
Priced lower than most peers relative to what it earns. Valuation scores 63/100 against 404 energy peers.Free cash flow yield 9.9% vs a peer median of 6.2% (stronger than 71% of peers).Free cash flow yield 9.9% vs peers 6.2% (stronger than 71% of peers).
Is NACCO Industries growing?
At about the same pace as its peers. Growth scores 43/100 against 404 energy peers.3-year revenue growth 5.5% vs a peer median of -1.3% (stronger than 71% of peers).3-year revenue growth 5.5% vs peers -1.3% (stronger than 71% of peers).Earnings per share growth -45.6% vs a peer median of 1.1% (weaker than 80% of peers).Earnings per share growth -45.6% vs peers 1.1% (weaker than 80% of peers).
How profitable is NACCO Industries?
Less profitable than most of its peers. Profitability scores 27/100 against 404 energy peers.Return on invested capital 3.7% vs a peer median of 9.3% (weaker than 76% of peers).Return on invested capital 3.7% vs peers 9.3% (weaker than 76% of peers).
How risky is NACCO Industries?
Lower risk relative to 404 energy peers, judged on debt, liquidity and share-price swings.Current ratio 3.30× vs a peer median of 1.37× (stronger than 90% of peers).Current ratio 3.30× vs peers 1.37× (stronger than 90% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Aug 5, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Previous quarter
Latest quarter
Change
Revenue (12 months)
274.4M USD
278.5M USD
+1.5%
Net income (12 months)
21.5M USD
17.3M USD
−19.6%
Operating margin
9.2%
8.3%
−0.9 pts
Cash
53.2M USD
45.5M USD
−14.4%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Energy · 117 companies
Valuations in Energy are above their usual range since 2016.
71% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +37% and earnings +10% (medians): prices rose faster than earnings.
Median price-to-sales is −30% vs the whole market, against a usual −35%.
2016Shaded: most expensive fifth of its range2026
Shown for Energy: too few Thermal Coal companies have a long enough history of their own.
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Gross margin
22.6%
28.1%
6.8%
12.5%
13.9%
▲ 1.4 pts
Operating margin
28.9%
29.0%
-32.7%
15.0%
7.9%
▼ 7.1 pts
Net margin
25.1%
30.7%
-18.4%
14.2%
6.3%
▼ 7.9 pts
Return on assets (ROA)
9.5%
13.1%
-7.3%
5.3%
2.7%
▼ 2.7 pts
Return on equity (ROE)
13.7%
17.4%
-10.4%
8.3%
4.1%
▼ 4.2 pts
Free cash flow margin
18.6%
10.4%
4.2%
-13.6%
0.8%
▲ 14 pts
Current ratio
4.41×
5.88×
3.31×
4.08×
3.09×
▼ 24%
Quick ratio
3.24×
4.27×
2.21×
2.62×
2.17×
▼ 17%
Debt to equity
0.06×
0.05×
0.09×
0.25×
0.23×
▼ 4.3%
Interest coverage
32.23×
34.41×
-28.51×
6.41×
3.82×
▼ 40%
NC price history
Price history is added with the daily price update and will appear after the next one.