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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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $277M | $44M | $18M | $2M | 4.1% | 16.6% | -47.9% |
| 2024 | $238M | $64M | $34M | $-32M | 8.3% | 10.7% | - |
| 2023 | $215M | $-32M | $-40M | $9M | -10.4% | -11.1% | -153.4% |
| 2022 | $242M | $117M | $74M | $25M | 17.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 241.72 | 214.79 | 237.71 | 277.20 |
| Cost Of Revenue | 173.88 | 200.20 | 207.95 | 238.72 |
| Gross Profit | 67.84 | 14.59 | 29.76 | 38.47 |
| Operating Expense | 68.81 | 72.20 | 72.67 | 79.06 |
| Operating Income | -0.97 | -57.61 | -42.91 | -40.59 |
| EBITDA | 116.57 | -32.31 | 63.86 | 44.17 |
| EBIT | 89.76 | -61.70 | 39.21 | 18.90 |
| Pretax Income | 87.72 | -64.16 | 33.65 | 13.14 |
| Tax Provision | 13.56 | -24.57 | -0.10 | -4.43 |
| Net Income | 74.16 | -39.59 | 33.74 | 17.57 |
| Net Income Common Stockholders | 74.16 | -39.59 | 33.74 | 17.57 |
| Total Expenses | 242.69 | 272.40 | 280.62 | 317.78 |
| Interest Expense | 2.03 | 2.46 | 5.57 | 5.75 |
| Interest Income | 1.45 | 6.08 | 4.43 | 3.05 |
| Selling General And Administration | 63.91 | 65.62 | 69.75 | 77.85 |
| Normalized EBITDA | 87.45 | 31.84 | 43.30 | 48.83 |
| Normalized Income | 49.55 | -0.01 | 17.50 | 21.25 |
| Basic EPS | 10.14 | -5.29 | 4.58 | 2.37 |
| Diluted EPS | 10.06 | -5.29 | 4.55 | 2.35 |
| Tax Effect Of Unusual Items | 4.51 | -24.57 | 4.32 | -0.98 |
| Tax Rate For Calcs | 0.15 | 0.38 | 0.21 | 0.21 |
| Total Unusual Items | 29.12 | -64.15 | 20.56 | -4.65 |
| Total Unusual Items Excluding Goodwill | 29.12 | -64.15 | 20.56 | -4.65 |
| Net Income From Continuing Operation Net Minority Interest | 74.16 | -39.59 | 33.74 | 17.57 |
| Reconciled Depreciation | 26.82 | 29.39 | 24.65 | 25.28 |
| Reconciled Cost Of Revenue | 150.78 | 173.81 | 183.83 | 214.20 |
| Net Interest Income | -0.58 | 3.62 | -1.14 | -2.70 |
| Net Income From Continuing And Discontinued Operation | 74.16 | -39.59 | 33.74 | 17.57 |
| Total Operating Income As Reported | 69.99 | -70.14 | 35.70 | 21.98 |
| Diluted Average Shares | 7.37 | 7.48 | 7.41 | 7.48 |
| Basic Average Shares | 7.31 | 7.48 | 7.36 | 7.42 |
| Diluted NI Availto Com Stockholders | 74.16 | -39.59 | 33.74 | 17.57 |
| Net Income Including Noncontrolling Interests | 74.16 | -39.59 | 33.74 | 17.57 |
| Net Income Continuous Operations | 74.16 | -39.59 | 33.74 | 17.57 |
| Other Income Expense | 89.28 | -10.17 | 77.69 | 56.43 |
| Other Non Operating Income Expenses | 2.90 | 3.98 | -0.34 | -0.74 |
| Special Income Charges | 29.41 | -66.11 | 18.76 | -3.93 |
| Gain On Sale Of Ppe | 2.46 | -0.22 | 5.15 | 0.29 |
| Other Special Charges | -30.88 | 0 | -13.61 | 4.21 |
| Write Off | 3.94 | 0 | 0 | 0 |
| Impairment Of Capital Assets | 3.94 | 65.89 | 0 | 0 |
| Earnings From Equity Interest | 57.25 | 49.99 | 57.48 | 61.82 |
| Gain On Sale Of Security | -0.28 | 1.96 | 1.80 | -0.73 |
| Net Non Operating Interest Income Expense | -0.58 | 3.62 | -1.14 | -2.70 |
| Interest Expense Non Operating | 2.03 | 2.46 | 5.57 | 5.75 |
| Interest Income Non Operating | 1.45 | 6.08 | 4.43 | 3.05 |
| Other Operating Expenses | 1.18 | 3.58 | 2.38 | 0.46 |
| Depreciation Amortization Depletion Income Statement | 3.72 | 3 | 0.53 | 0.75 |
| Depreciation And Amortization In Income Statement | 3.72 | 3 | 0.53 | 0.75 |
| Amortization | 3.72 | 3 | 0.53 | 0.75 |
| Amortization Of Intangibles Income Statement | 3.72 | 3 | 0.53 | 0.75 |
| Operating Revenue | 241.72 | 214.79 | 237.71 | 277.20 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| NACCO Industries, Inc.this co. | NC | $368M | 20.80 | 0.85 | 4.1% | -28.08 |
| Natural Gas Services Group, Inc. | NGS | $514M | 26.03 | 1.87 | 7.3% | - |
| Clean Energy Fuels Corp. | CLNE | $502M | - | 0.90 | -39.3% | 579.17 |
| Summit Midstream Corporation | SMC | $426M | - | 0.87 | -0.2% | 10.21 |
| Ranger Energy Services, Inc. | RNGR | $419M |
| 27.97 |
| 1.38 |
| 4.1% |
| 6.92 |
| enCore Energy Corp. | EU | $361M | - | 1.51 | -22.0% | -6.72 |
| PrimeEnergy Resources Corporation | PNRG | $346M | 19.73 | 1.64 | 12.2% | 3.15 |
| Infinity Natural Resources, Inc. | INR | $305M | 18.27 | 0.82 | 2.4% | 3.72 |
| Kolibri Global Energy Inc. | KGEI | $206M | 13.49 | 1.01 | 7.6% | 6.37 |
| Peer Median | - | 19.73 | 1.20 | 3.3% | 6.37 | |