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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% | -185.2% |
| 2023 | $215M | $-32M | $-40M | $9M | -10.4% | -11.1% | -153.4% |
| 2022 | $242M | $117M | $74M | $25M | 17.4% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 241.72 | 214.79 | 237.71 | 277.20 |
| Operating 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 |
| Selling General And Administration | - | 63.91 | 65.62 | 69.75 | 77.85 |
| Total Expenses | - | 242.69 | 272.40 | 280.62 | 317.78 |
| Operating Income | - | -0.97 | -57.61 | -42.91 | -40.58 |
| Total Operating Income As Reported | - | 69.99 | -70.14 | 35.70 | 21.98 |
| EBITDA | - | 116.57 | -32.31 | 63.86 | 44.18 |
| Normalized EBITDA | - | 87.45 | 31.84 | 43.30 | 48.83 |
| EBIT | - | 89.76 | -61.70 | 39.21 | 18.90 |
| Interest Income | - | 1.45 | 6.08 | 4.43 | 3.05 |
| Interest Expense | - | 2.03 | 2.46 | 5.57 | 5.75 |
| Net Interest Income | - | -0.58 | 3.62 | -1.14 | -2.70 |
| Other Non Operating Income Expenses | - | 2.90 | 3.98 | -0.34 | -0.74 |
| Other Income Expense | - | 89.28 | -10.17 | 77.69 | 56.43 |
| Interest Income Non Operating | - | 1.45 | 6.08 | 4.43 | 3.05 |
| Interest Expense Non Operating | - | 2.03 | 2.46 | 5.57 | 5.75 |
| Net Non Operating Interest Income Expense | - | -0.58 | 3.62 | -1.14 | -2.70 |
| Pretax Income | - | 87.72 | -64.16 | 33.65 | 13.14 |
| Tax Provision | - | 13.56 | -24.57 | -0.10 | -4.43 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 4.51 | -24.57 | 4.32 | -0.98 |
| Net Income Continuous Operations | - | 74.16 | -39.59 | 33.74 | 17.57 |
| Net Income From Continuing And Discontinued Operation | - | 74.16 | -39.59 | 33.74 | 17.57 |
| Net Income From Continuing Operation Net Minority Interest | - | 74.16 | -39.59 | 33.74 | 17.57 |
| Net Income | - | 74.16 | -39.59 | 33.74 | 17.57 |
| Net Income Common Stockholders | - | 74.16 | -39.59 | 33.74 | 17.57 |
| Net Income Including Noncontrolling Interests | - | 74.16 | -39.59 | 33.74 | 17.57 |
| Normalized Income | - | 49.55 | -0.01 | 17.50 | 21.25 |
| Diluted NI Availto Com Stockholders | - | 74.16 | -39.59 | 33.74 | 17.57 |
| Basic Average Shares | - | 7.31 | 7.48 | 7.36 | 7.42 |
| Diluted Average Shares | - | 7.37 | 7.48 | 7.41 | 7.48 |
| Reconciled Depreciation | - | 26.82 | 29.39 | 24.65 | 25.28 |
| Reconciled Cost Of Revenue | - | 150.78 | 173.81 | 183.83 | 214.20 |
| Total Unusual Items | - | 29.12 | -64.15 | 20.56 | -4.65 |
| Total Unusual Items Excluding Goodwill | - | 29.12 | -64.15 | 20.56 | -4.65 |
| Special Income Charges | - | 29.41 | -66.11 | 18.76 | -3.93 |
| Other Special Charges | -10.33 | -30.88 | - | -13.61 | 4.21 |
| Write Off | 0 | 3.94 | - | - | - |
| Impairment Of Capital Assets | 0 | 3.94 | 65.89 | 0 | - |
| Gain On Sale Of Security | - | -0.28 | 1.96 | 1.80 | -0.73 |
| 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 |
| Gain On Sale Of Ppe | - | 2.46 | -0.22 | 5.15 | 0.29 |
| Other Operating Expenses | - | 1.18 | 3.58 | 2.38 | 0.46 |
| Earnings From Equity Interest | - | 57.25 | 49.99 | 57.48 | 61.82 |
| Amortization | - | 3.72 | 3 | 0.53 | 0.75 |
| Amortization Of Intangibles Income Statement | - | 3.72 | 3 | 0.53 | 0.75 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| NACCO Industries, Inc.this co. | NC | $392M | 22.32↑ premium | 0.91 | 4.1% | 10.22 |
| Oil States International, Inc. | OIS | $523M | - | 0.91 | -19.1% | - |
| Natural Gas Services Group, Inc. | NGS | $521M | 26.15 | 1.90 | 7.3% | 9.94 |
| Clean Energy Fuels Corp. | CLNE | $443M | -1.99 | 0.79 | -39.7% | -8.26 |
| Summit Midstream Corporation | SMC |
| - |
| - |
| - |
| - |
| - |
| $415M |
| -217.87 |
| 0.95 |
| -0.4% |
| 7.00 |
| Ranger Energy Services, Inc. | RNGR | $389M | 31.59 | 1.29 | 4.1% | 6.28 |
| enCore Energy Corp. | EU | $308M | -5.41 | 1.34 | -24.8% | -7.40 |
| PrimeEnergy Resources Corporation | PNRG | $299M | 11.35 | 1.38 | 12.2% | 2.72 |
| Infinity Natural Resources, Inc. | INR | $252M | 10.60 | 0.82 | 7.7% | 2.32 |
| Peer Median | - | 10.60 | 1.12 | 1.8% | 2.72 | |