NACCO Industries, Inc. (NC) Stock Price & Analysis
NACCO Industries, Inc. (NC) is trading at USD 34.7, up 3.71% today, as of October 23, 2026 at 15:45 UTC (US market open; quotes may be delayed), according to Nexqual market data.
NC last closed at USD 33.46; today's session has ranged USD 33.92–35.57 on volume of 23,133 shares. Market capitalization is $261.66M, with a 52-week range of USD 32.32–59.42 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 16:00 UTC.
Also available as compact Markdown for AI agents: nexqual.com/NC.md
Key facts (NC)
- Last four reported quarters (through Jun 30, 2026): revenue $278M, net income $17.3M (6.2% margin) (SEC filings).
- Valuation: P/E 15.1x (avg 13.7x at the last 2 fiscal year-ends).
- Earnings quality: non-operating income -$10.4M vs operating income $23.1M over the last four quarters; P/E excluding non-operating income ≈9.4x (estimate: non-operating income taxed at the company's 0% effective rate).
- Analysts: None.
- Total return with dividends: 1Y -19.5% vs S&P 500 +14.8%; 5Y +26.2% vs S&P 500 +77.6%.
- Next earnings: 2026-11-04, EPS estimate USD —, revenue estimate $0K.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (NC)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $192M | $242M | $215M | $238M | $277M | $278M |
| Gross profit | $43.5M | $67.8M | $14.6M | $29.8M | $38.5M | — |
| Operating income | $55.4M | $70.0M | -$70.1M | $35.7M | $22.0M | $23.1M |
| Net income | $48.1M | $74.2M | -$39.6M | $33.7M | $17.6M | $17.3M |
| EPS (diluted) | $6.69 | $10.06 | -$5.29 | $4.55 | $2.35 | — |
| Free cash flow | $35.6M | $25.2M | $9.1M | -$32.4M | $2.3M | — |
| Gross margin | 22.6% | 28.1% | 6.8% | 12.5% | 13.9% | — |
| Operating margin | 28.9% | 29.0% | -32.7% | 15.0% | 7.9% | 8.3% |
| Net margin | 25.1% | 30.7% | -18.4% | 14.2% | 6.3% | 6.2% |
| Revenue growth | +49.4% | +26.0% | -11.1% | +10.7% | +16.6% | — |
| Cash + short-term investments | $86.0M | $111M | $85.1M | $72.8M | $49.7M | — |
| Total debt | $20.4M | $18.9M | $35.8M | $99.4M | $101M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (NC)
P/E 15.1x · P/E ex non-operating (est.) ≈9.4x · P/S 0.9x · P/B 0.6x · Earnings yield 6.61% · Dividend yield (paid, TTM) 2.92% · Buyback yield (TTM) 0.70%
P/E at fiscal year-ends: Dec 2025 20.9x, Dec 2024 6.5x.
Analysts (NC)
Consensus None.
Total return (dividends reinvested) (NC)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -19.5% | +26.2% |
| S&P 500 (SPY) | +14.8% | +77.6% |
| Per year | -19.5% | +4.8% |
| Volatility (annualized) | 39.7% | 41.4% |
| Max drawdown | -44.2% (Mar 2026→Oct 2026) | -52.5% (May 2022→Sep 2024) |
NC revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Contract Mining | $36.9M | 51.1% | +20.2% |
| Utility Coal Mining | $21.5M | 29.7% | -25.0% |
| Minerals and Royalties | $10.6M | 14.7% | +46.1% |
| Total revenue | $72.3M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
NC suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | LITHIUM AMERICAS CORP. (LAC) | “Thacker Pass is owned by a joint venture between Lithium Americas Corp. (TSX:LAC) (NYSE: LAC) and General Motors Holdings LLC.” |
| Partner | General Motors (GM) | “Thacker Pass is owned by a joint venture between Lithium Americas Corp. (TSX:LAC) (NYSE: LAC) and General Motors Holdings LLC.” |
Quoted from the company's 10-K filed Mar 4, 2026.
Companies that name NC in their SEC reports
| Relationship to NC | Company | Filing | Sentence |
|---|---|---|---|
| partner | LITHIUM AMERICAS CORP. (LAC) | 10-K Mar 19, 2026 | “In 2019, LN entered into a mine design, consulting and mining operations agreement with Sawtooth Mining, LLC ("Sawtooth Mining"), a subsidiary of NACCO Industries Inc. and North American Coal.” |
NC customer concentration
In the period ended Dec 31, 2025, 3 direct customers each accounted for at least 10% (32%, 25%, 10%) of revenue, per the company's 10-K filed Mar 4, 2026. The company does not name them.
NC analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |
Key Statistics (as of October 23, 2026 at 16:00 UTC)
| Price | USD 34.7 |
|---|---|
| Change | ▲ 3.71% (up) |
| Previous Close | USD 33.46 |
| Open | USD 33.31 |
| Day Range | USD 33.92 – 35.57 |
| 52-Week Range | USD 32.32 – 59.42 |
| Volume | 23,133 shares |
| Market Cap | $261.66M |
| Exchange | NYQ |
Technical Analysis (NC)
Nexqual's technical model rates NC "STRONG SELL" based on 0 bullish and 5 bearish signals across 128 daily candles, as of October 23, 2026 at 16:00 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 42.09 (neutral) |
| vs SMA50 | Below (USD 38.22) |
| MACD | -1.45 (negative) |
Analyst Ratings (NC)
Wall Street analysts rate NC "None", per Nexqual as of October 23, 2026 at 16:00 UTC.
| Consensus Rating | None |
|---|
Earnings (NC)
| Next Earnings Date | 2026-11-04 |
|---|
Source: Nexqual, October 23, 2026 at 16:00 UTC.
Financials & Fundamentals (NC)
| Total Revenue | $278.48M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +6.00% |
| Gross Margin | +18.49% |
| Operating Margin | -6.48% |
| Profit Margin | +6.21% |
| ROE | +4.07% |
| Debt / Equity | 0.29 |
| Current Ratio | 3.3 |
| Total Cash | $45.52M |
| Total Debt | $127.08M |
| Free Cash Flow (fiscal year ended Dec 2025, SEC 10-K) | $2.28M (0.8% of revenue) |
Source: Nexqual, October 23, 2026 at 16:00 UTC.
Financial Health Score (NC)
Nexqual rates NACCO Industries, Inc.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 16:00 UTC.
| Growth | Critical — Revenue -88% YoY (annual), sharp decline |
|---|---|
| Profitability | Weak — Gross margin 18%, operating -6% (last 12 months) |
| Balance Sheet | Strong — $50M cash and investments vs $101M debt (Dec 2025, SEC) |
| Cash Flow | Mixed — FCF $2M (FY ended Dec 2025, 10-K), slim 0.8% margin |
| Efficiency | Weak — ROE 4%, ROA -2.7% |
Ownership (NC)
| Insider Ownership | +32.95% |
|---|---|
| Institutional Ownership | +37.02% |
| Shares Outstanding | 5.98M |
| Float | 4.08M |
| Short % of Float | +2.50% |
Source: Nexqual, October 23, 2026 at 16:00 UTC.
Leadership (NC)
NACCO Industries, Inc. is led by John C. Butler, President, CEO & Non-Independent Director, per Nexqual as of October 23, 2026 at 16:00 UTC.
| President, CEO & Non-Independent Director | John C. Butler |
|---|---|
| Senior VP & COO | Carroll L. Dewing |
| President of North American Mining | Berry Philip Nathan |
| President of Mitigation Resources of North America | Eric Scott Anderson |
| Senior VP & CFO of NACCO Natural Resources Corporation | J. Patrick Sullivan |
Major Backers & Investors (NC)
Notable institutional backers of NACCO Industries, Inc. include DFA INVESTMENT DIMENSIONS GROUP INC-U.S. Small Cap Value Portfolio, Renaissance Technologies, Mudita Advisors LLP, according to Nexqual as of October 23, 2026 at 16:00 UTC.
Active Investors
| Investor | Stake |
|---|---|
| DFA INVESTMENT DIMENSIONS GROUP INC-U.S. Small Cap Value Portfolio | 4.02% |
| Renaissance Technologies | 2.47% |
| Mudita Advisors LLP | 1.55% |
| Bridgeway Capital Management, LLC | 1.29% |
| Ancora Advisors, LLC | 0.93% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Dimensional Fund Advisors | 6.7% |
| BlackRock | 5.35% |
| Vanguard Group | 2.78% |
| Geode Capital | 1.75% |
| State Street | 1.4% |
Source: Nexqual, October 23, 2026 at 16:00 UTC.
From NACCO Industries, Inc.'s Latest SEC 10-K Filing (filed 2026-03-04)
Key Strengths & Strategy (as disclosed to the SEC)
- Through our proven operational expertise, disciplined capital allocation, and an entrepreneurial yet patient approach to growth, we have methodically built unique capabilities and clear competitive advantages that enable us to capture a wide range of attractive growth opportunities.
- Our platform is supported by multiple vectors for value creation, and we are steadfastly committed to delivering compounding returns and expanding investor value over the long term.
Partnerships
- We will match employee contributions up to $5,000 per employee if program criteria are met.
Legal & Regulatory Risks (Item 1A, quoted)
- The coal mining industry is subject to ongoing complex governmental regulations and legislation that could adversely impact our long-term mining contracts and our results of operations, liquidity, financial condition and cash flow.
- We are subject to burdensome federal and state mining regulations and the assumptions underlying our reclamation and mine closure obligations could be materially inaccurate.
- NACCO's certificate of incorporation and by-laws include provisions that may discourage a takeover attempt.
- Our effective income tax rate could be volatile and materially change as a result of changes in tax laws, mix of earnings and other factors.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BTU | Peabody Energy Corporation | USD 22.83 | ▲ 1.76% |
| ARLP | Alliance Resource Partners, L.P | USD 26.11 | ▲ 1.02% |
| CNR | Core Natural Resources, Inc. | USD 91 | ▲ 3% |
| HAL | Halliburton Company | USD 35.16 | ▲ 5.94% |
| TS | Tenaris S.A. | USD 58.16 | ▲ 3.18% |
| PBA | Pembina Pipeline Corp. | USD 50.46 | ▲ 2.21% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 16:00 UTC. This page is informational and not investment advice.
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