NACCO Industries (NC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

NACCO Industries

NYSE•Energy•Thermal Coal

$41.69-0.31(-0.01%)After hours

Market Cap

$304.70M

P/E

17.6x

P/S

1.1x

P/B

0.7x

NACCO Industries, Inc., together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Utility Coal Mining, Contract Mining, and Minerals and Royalties. The Utility Coal Mining operates surface coal mines under long-term contracts for power plants and a synfuels plant. This segment operates coal mines in North Dakota and Mississippi. The Contract Mining segment provides value-added contract mining and other services for producers of industrial minerals and products; contract mining services for independently owned mines and quarries in Florida, Arkansas, and Nebraska; and dragline services. The Minerals and Royalties 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. The company also provides natural resource restoration and reclamation services that include stream and wetland mitigation solutions. NACCO Industries, Inc. was founded in 1913 and is headquartered in Cleveland, Ohio.

How this company scores

AverageMetricSide Score: 41/100

Strongest: Balance Sheet & Red Flags (22/25); weakest: Cash & Earnings Quality (4/25).

Profitability6/25

Growth9/25

Balance Sheet & Red Flags22/25

Cash & Earnings Quality4/25

Strengths

Low leverageImproving leverageConsistent growthNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 17.6x5y range 3.4x – 20.8x

Currently above its 16-quarter median.

P/S · 1.1x5y range 0.9x – 1.6x

Currently near its 20-quarter median.

P/B · 0.7x5y range 0.5x – 0.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 29.5% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

Free cash flow has been negative in 6 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $304.70M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $278.48M
Q. Revenue: $72.31M
TTM EBITDA: $47.11M
TTM Op. Income: $23.10M
Q. Op. Income: $-2.27M
TTM Net Income: $17.29M
Q. Net Income: $-963,000
EPS: $-0.13
Shares Out.: $7.54M

$278.48M in TTM revenue grew 4.7% YoY, reaching $72.31M last quarter. TTM EBITDA of $47.11M and TTM operating income of $23.10M show growth is flowing through to the bottom line. TTM net income of $17.29M means revenue is converting into profit. Over the past year, TTM revenue is up 5% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 21.0%
EBITDA Margin: 5.3%
Op. Margin: -3.1%
Net Margin: -1.3%

Op. margin of -3.1% is down 3.1% YoY — costs are rising relative to revenue. Net margin at -1.3% and gross margin of 21.0% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 4095% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 17.6x
P/S Ratio: 1.1x
P/B Ratio: 0.7x

At 17.6x P/E, the stock trades within typical market levels. P/S of 1.1x and P/B of 0.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 7 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $677.49M
Cash: $45.52M
Long-Term Debt: $16.52M
Book Value: $436.14M
D/E Ratio: 0.0
Debt/EBITDA: 4.3

With $677.49M in assets and $16.52M in long-term debt, D/E is 0.0and book value is $436.14M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 40% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $8.30M
TTM Free Cash Flow: $-4.26M
FCF Margin: -1.5%
FCF / Net Income: -0.2

TTM FCF of $-4.26M on $8.30M in operating cash flow. The FCF / Net Income ratio of -0.2x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is up 78% — an improving trend.