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NACCO Industries (NC) AI Stock Analysis
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NACCO Industries
(NYSE:NC)
The overall score reflects a company with improving underlying operations but facing significant financial and market headwinds. The most impactful factor is the mixed financial performance, where strong revenue and cash flow from operations are undermined by negative free cash flow and volatile profitability. Technicals are a major drag, with the stock in a clear downtrend. The valuation is fair, and the earnings call confirmed operational progress but also highlighted substantial risks from solar impairments and customer credit issues that weigh on the outlook.
NACCO Industries (NC) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $264.22M
- Dividend Yield
- 2.94%
- Average Volume (3M)
- 21.77K
- Price to Earnings (P/E)
- 15.2
- Beta (1Y)
- 0.51
- Revenue Growth
- 4.74%
- EPS Growth
- -45.86%
- Country
- US
- Employees
- 600
- Sector
- Energy
- Sector Strength
- 65
- Industry
- Coal
NACCO Industries Business Overview & Revenue Model
Company Description
NACCO Industries, Inc. (NC) primarily operates within the natural resources sector, structured into three core business units. Its Coal Mining division manages surface coal extraction activities through multi-year agreements, serving electricity prod...
How the Company Makes Money
NACCO Industries makes money through a portfolio of operating subsidiaries whose earnings and cash flows ultimately flow to the holding company. 1) Mining segment (North American Coal / mining services) - Primary model: NACCO, through its mining subs...
NACCO Industries Earnings Call Summary
The call conveyed a mixed but constructive picture: underlying operating businesses produced substantial year-over-year improvements in gross profit and adjusted EBITDA, with notable growth in Contract Mining and strong segment profitability in Utility Coal Mining and Minerals and Royalties. However, a $12 million solar impairment, the resulting GAAP net loss, customer payment and demand risks at Mississippi Lignite, and the potential for additional charges moderate the positive operating trends. Management emphasized disciplined capital allocation, balance sheet focus and alternatives to monetize troubled solar investments.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management guided that, after taking the $12.0 million of Q2 solar-related impairment (and excluding the prior‑year $7.8 million pretax pension settlement), consolidated adjusted EBITDA for full‑year 2026 is expected to improve year‑over‑year; Q2 consolidated adjusted EBITDA was $15.9 million, up 72% from $9.3 million, on revenues of $72.3 million (up 6% from $68.2 million) and gross profit of $15.2 million (up 123% from $6.8 million), although GAAP results showed a consolidated operating loss of $2.3 million and a net loss of $1.0 million ($0.13 per diluted share) versus prior‑year net income of $3.3 million ($0.44). Segment guidance: Utility Coal Mining expects full‑year operating profit to increase year‑over‑year but MLMC results to decline in H2 2026 (lower customer demand, higher diesel costs and an anticipated inventory impairment, plus ongoing receivable monitoring); Contract Mining expects substantial year‑over‑year growth in H2 and full‑year 2026 operating profit and segment adjusted EBITDA (H2 moderating from a strong H1), with 2027 to benefit from a full year of Palm Beach dragline contributions; Minerals & Royalties expects H2 and full‑year declines versus H1 2026 and 2025 driven by normal production declines despite higher oil‑price‑driven royalty gains in Q2 (royalty revenues up 46% in the quarter). From a liquidity and capital standpoint, at June 30, 2026 debt was $120.1 million, total liquidity was $114.6 million (cash $45.5 million and $69.1 million revolver availability), cash flow before financing is expected to remain a use of cash in 2026 but to improve modestly versus 2025 and into 2027, and management may invest up to $35 million in the remainder of 2026 only for opportunities meeting its capital criteria.
NACCO Industries Financial Statement Overview
Summary
Revenue growth is positive, but profitability is volatile with weak net margins and recent EBIT losses. The balance sheet is reasonably strong with manageable leverage, though ROE has declined. Robust operating cash flow is offset by heavy capex leading to negative free cash flow. Overall, financial health is moderate with margin instability and cash consumption as key concerns.
Income Statement
48NeutralBalance Sheet
62PositiveCash Flow
52Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 278.48M | 277.20M | 237.71M | 214.79M | 241.72M | 191.85M |
| Gross Profit | 51.00M | 37.72M | 29.76M | 14.59M | 67.84M | 43.45M |
| EBITDA | 41.21M | 44.17M | 63.86M | -32.31M | 116.57M | 81.65M |
| Net Income | 17.29M | 17.57M | 33.74M | -39.59M | 74.16M | 48.13M |
Balance Sheet | ||||||
| Total Assets | 677.49M | 661.23M | 631.69M | 539.71M | 568.07M | 507.22M |
| Cash, Cash Equivalents and Short-Term Investments | 45.52M | 49.71M | 72.83M | 85.11M | 110.75M | 86.00M |
| Total Debt | 127.08M | 108.84M | 110.53M | 44.74M | 27.20M | 30.44M |
| Total Liabilities | 241.35M | 231.99M | 226.74M | 157.37M | 141.11M | 155.10M |
| Stockholders Equity | 436.14M | 429.24M | 404.95M | 382.34M | 426.97M | 352.12M |
Cash Flow | ||||||
| Free Cash Flow | -8.92M | 2.28M | -32.42M | 9.08M | 25.21M | 35.65M |
| Operating Cash Flow | 74.33M | 50.91M | 22.29M | 54.49M | 67.73M | 74.88M |
| Investing Cash Flow | -93.34M | -64.18M | -71.29M | -81.60M | -33.15M | -44.15M |
| Financing Cash Flow | 15.13M | -9.86M | 36.73M | 1.47M | -9.84M | -33.17M |
NACCO Industries Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NC, the sentiment is Neutral. The current price of 35.04 is above the 20-day moving average (MA) of 34.70, below the 50-day MA of 37.49, and below the 200-day MA of 46.44, indicating a neutral trend. The MACD of -0.77 indicates Negative momentum. The RSI at 46.86 is Neutral, neither overbought nor oversold. The STOCH value of 86.69 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NC.
NACCO Industries Risk Analysis
NACCO Industries disclosed 33 risk factors in its most recent earnings report. NACCO Industries reported the most risks in the "Finance & Corporate" category.
- Finance & Corporate13
- Tech & Innovation2
- Legal & Regulatory4
- Production8
- Ability to Sell4
- Macro & Political2
Latest Risks Added
0 New RisksNACCO Industries Peers Comparison
Overall Rating
NRP72Outperform
SXC62Neutral
HNRG56Neutral
NC53Neutral
AREC42Neutral
METC37Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| 72Outperform | $1.53B | 14.56 | 16.78% | 2.70% | -8.90% | -26.60% | |
| Sector * | 65Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
| 62Neutral | $961.63M | -17.39 | -9.33% | 4.24% | 2.90% | -184.56% | |
| 56Neutral | $528.95M | 326.16 | -0.52% | ― | 8.47% | ― | |
| 53Neutral | $264.44M | 15.17 | 4.00% | 2.94% | 4.74% | -45.86% | |
| 42Neutral | $130.50M | 1.72 | -214.90% | 3.44% | ― | ― | |
| 37Underperform | $415.71M | -5.97 | -13.54% | ― | -17.65% | -157.95% |
* Energy Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| NC | Nacco Industries, Inc. | 35.04 | -6.35 | -15.35% | |
| HNRG | Hallador Energy | 11.22 | -10.74 | -48.91% | |
| NRP | Natural Resource Partners | 115.62 | 13.70 | 13.45% | |
| SXC | Suncoke Energy | 11.33 | 3.58 | 46.19% | |
| METC | Ramaco Resources | 7.05 | -20.82 | -74.70% | |
| AREC | American Resources Corp | 1.22 | -2.72 | -69.02% |
NACCO Industries Corporate Events
NACCO Industries Updates Investor Presentation and Disclosure
NeutralOn August 31, 2026, NACCO Industries, Inc. posted an updated investor presentation on its website, providing historical information about the company’s results of operations. The materials were furnished under specific securities law provisions...
NACCO Industries Adds Experienced Independent Director to Board
PositiveOn August 19, 2026, NACCO Industries announced that Patrick J. Burns was appointed as an independent director to its Board of Directors, expanding the Board from 11 to 12 members. Burns brings more than three decades of executive experience, includin...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 19, 2026