NC NACCO INDUSTRIES INC

Overview and Growth

NACCO INDUSTRIES INC generated $277.20M of revenue in fiscal 2025, with net income of $17.57M and an operating cash inflow of $50.91M. At $277.20M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $237.71M in fiscal 2024, revenue recorded a 16.6% year-over-year increase. On a per-share basis, diluted EPS was $2.35, which connects the reported earnings outcome with the company’s diluted share count. Diluted EPS decreased by 48.4% from $4.55 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. Revenue equaled 0.42x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $38.47M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 13.9% of revenue, showing how much of the top line remained after direct costs. Operations produced $21.98M of income after the reported operating expense base, before the remaining non-operating and tax effects. Operating margin measured 7.9%, showing the portion of revenue preserved after the full set of operating costs. After all reported below-operating-line items, the company recorded net income of $17.57M for the fiscal year. Net margin was 6.3%, meaning that this portion of revenue remained as net income after all recognized expenses. The earnings statement records $13.14M of pretax income, the profit base against which the reported tax provision can be assessed. Pretax income represented 4.7% of revenue, placing earnings before tax in the context of the company’s operating scale. The company recognized an income-tax benefit of $4.43M, increasing after-tax earnings relative to the pretax result. The effective tax-benefit relationship was 33.7% of positive pretax income.

Liquidity and Capital Structure

The company held $661.23M of assets against $231.99M of liabilities and $429.24M of equity, revealing how the asset base was financed. The near-term balance sheet paired $214.89M of current assets with $69.61M of current liabilities at the reporting date. At 3.09x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $49.71M in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 71.4% of current liabilities, showing how much near-term coverage came from cash alone. The company carried $100.84M of total debt at period end, which frames its leverage and debt-service burden. Against book equity, debt measured 0.23x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 15.3%, comparing borrowing with the total asset balance. Relative to total assets, liabilities measured 35.1%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 7.5%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 4.7% higher than fiscal 2024 assets of $631.69M, measuring the company’s own balance-sheet change.

Cash Flow and Earnings Quality

Cash flow from operations was $50.91M, a reported cash inflow that can be compared directly with net income and capital spending. The operating-cash-flow-to-net-income relationship was 2.9x, comparing cash generated by operations with the bottom-line earnings result. Capital spending was $48.62M, absorbing part of the cash generated from operations before free cash flow. Capital spending absorbed 95.5% of operating cash flow, quantifying the share of cash from operations directed to investment. Free cash flow came to $2.28M, leaving a positive amount after capital expenditures. Relative to revenue, free cash flow equaled 0.8%, showing how much sales converted into cash after investment. Free cash flow equaled 0.3% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.