NACCO Industries, Inc. (NC) AI Stock Analysis

NACCO Industries, Inc. operates in the natural resources sector through three primary segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer across North Dakota, Texas, Mississippi, Louisiana, and New Mexico. The North American Mining segment provides contract mining and services for aggregates, lithium, and other minerals in Florida, Texas, Arkansas, and Indiana. Minerals Management leases company royalty and mineral interests to third-party exploration and production companies to develop, produce, and sell gas, oil, and coal.

Revenue increased from $191.8M in FY2021 to $277.2M in FY2025, delivering a 5-year revenue CAGR of 16.6%. Annual results have fluctuated, with revenue falling 11.1% in FY2023 to $214.8M before rebounding 10.7% in FY2024 and 16.6% in FY2025. Profitability has also varied: operating margin was 28.9% in FY2021 and 29.0% in FY2022, dropped to -32.7% in FY2023, recovered to 15.0% in FY2024, and fell to -14.5% in FY2025 with net income of $17.6M. In the latest quarter ended June 30, 2026, quarterly revenue grew 6.0% year-over-year, while quarterly earnings expanded 77.3%. TTM revenue stood at $278.5M with an operating margin of -6.5%.

As of June 30, 2026, NACCO held $45.5M in cash and short-term investments against total debt of $127.1M, resulting in net debt of $81.6M. Shareholders' equity was $436.1M, giving a debt-to-equity ratio of 0.29 and a current ratio of 3.30. In FY2025, operating cash flow reached $50.9M and free cash flow was $2.3M. Cash usage during FY2025 included $48.6M for capital expenditures, $7.3M for dividends, and $2.5M for share buybacks.

At a last close of $34.28 on October 16, 2026, NACCO had a market capitalization of $258.5M and an enterprise value of $355.8M. The stock trades at a trailing P/E of 14.9x, close to the median of 15.0x for its US-listed Energy peers, and a forward P/E of 6.6x compared to the peer median of 12.7x. Its EV/EBITDA of 19.0x sits above the peer median of 8.0x, while its price-to-sales of 0.9x is below the peer median of 1.8x. Over the past year, NC declined 21.2%, trailing the S&P 500 return of 16.8%.

NACCO pays a quarterly dividend with an annual forward payout of $1.05, representing a dividend yield of 3.06% as of October 16, 2026. The payout ratio stands at 62.5%. The company has paid consecutive dividends for 42 years, achieving a 5-year annualized dividend growth rate of 5.1%. Its last ex-dividend date was August 31, 2026.

Wall Street analyst projections establish a mean price target of $128.00 for NACCO, which implies an upside of 273.4% compared to the stock's last close of $34.28. In terms of earnings track record, NACCO delivered 1 EPS beat over the last 4 quarters. The company's next scheduled earnings release date is November 4, 2026.

This page is an AI-written research summary of NACCO Industries, Inc. (NC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: NC income statement, NC balance sheet, NC key metrics, NC chart. See the NC stock overview for the latest quote and news.