NC
NACCO Industries, Inc.
NC's fundamentals are mixed, but it looks expensive: trading at 18x earnings, more than twice its usual 7.5x.
NC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Unavailable | |
| Healthy |
NC's balance sheet is currently healthy, and its revenue and profitability are stable. There isn't enough data to rate its cash flow.
NC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.7x | $9.16 | -74% |
| Fair | 7.5x | $14.64 | -58% |
| Expensive | 14x | $28.03 | -20% |
| Current | 18x | $35.19 | — |
Historical ranges are pointers, not guarantees.
NC's PE is in its expensive range at 18x.
NC Forward outlook
There aren't enough analyst estimates for NC to show an outlook.
NC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $1.95 | -50% |
| Q2 2026 | $2.29 | -46% |
| Q1 2026 | $2.86 | -38% |
| Q4 2025 | $2.35 | -48% |
| Q3 2025 | $3.87 | +$6.19 |
| Q2 2025 | $4.23 | +$9.20 |
| Q1 2025 | $4.60 | +$10.04 |
| Q4 2024 | $4.55 | +$9.84 |
NC's earnings per share have fallen from their peak: $1.95 over the past year, against $11.32 in mid-2022.
NC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $80.5M | +5.1% |
| Q2 2026 | $72.3M | +6% |
| Q1 2026 | $62.8M | -4.3% |
| Q4 2025 | $66.8M | -5.2% |
| Q3 2025 | $76.6M | +24% |
| Q2 2025 | $68.2M | +30% |
| Q1 2025 | $65.6M | +23% |
| Q4 2024 | $70.4M | +24% |
NC's revenue has held roughly level: $80M last quarter, up 5.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | +2.7 points |
| Q2 2026 | -3.1% | -3.1 points |
| Q1 2026 | 18% | +5.8 points |
| Q4 2025 | 11% | +5.8 points |
| Q3 2025 | 8.8% | -23 points |
| Q2 2025 | -0.1% | -14 points |
| Q1 2025 | 12% | +2.8 points |
| Q4 2024 | 5.5% | +124 points |
NC's operating margin was 12% last quarter, up 2.7 points from the same quarter a year ago.
NC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $8.5M | -80% |
| Q2 2026 | $8.3M | +$16.1M |
| Q1 2026 | $12.4M | +146% |
| Q3 2025 | $42.3M | +1399% |
| Q2 2025 | -$7.8M | -292% |
| Q1 2025 | $5M | +$14.8M |
| Q3 2024 | $2.8M | -93% |
| Q2 2024 | $4.1M | -76% |
NC generated $71M in free cash flow over the past year, more than ten times what it generated the year before.
NC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +7K shares |
| 1 year | +1.3% | +95K shares |
| 3 years | +0.4% | +32K shares |
| 5 years | +5.4% | +384K shares |
| Available history | +7.7% | +542K shares |
NC has 8M diluted shares, up 1.3% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $1.8M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $695,000 |
| Q4 2024 | $368,000 |
NC spent $2M buying back its own shares over the past year, up 73% from the year before.
NC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.2x | Healthy |
| Q2 2026 | 1.2x | Healthy |
| Q1 2026 | 1.1x | Healthy |
| Q4 2025 | 1.1x | Healthy |
| Q3 2025 | 0.1x | Very low |
| Q2 2025 | 0.4x | Very low |
| Q1 2025 | 0.1x | Very low |
| Q4 2024 | 0.4x | Very low |
NC's net debt is about 1.1 years of its operating earnings (EBITDA), up from less than a year a year ago.
NC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.3 | Neutral |
| Stochastic | 17.0 | Oversold |
NC's weekly RSI is 34 (neutral) and its Stochastic is 17 (oversold).
NC PE vs Energy Sector
| Metric | NC | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 13x | 38% above |
| PE % | 95 | 61 | 34 pts above |
NC is trading at 18x earnings, a 38% premium to the Energy sector's median of 13x.
NC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $35.3 | 0.3% below |
| 20 week MA | $40.4 | 13% below |
| 50 week MA | $46.5 | 24% below |
| 100 week MA | $41.9 | 16% below |
| 200 week MA | $37.4 | 5.9% below |
NC is in a downtrend: it's below all five of its weekly moving averages, and 5.9% below its 200-week average.
NC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $45.9 | $27.0 | -41% |
| 2021 | $27.0 | $33.1 | +23% |
| 2022 | $33.1 | $36.9 | +12% |
| 2023 | $36.9 | $36.5 | -1.2% |
| 2024 | $36.5 | $28.1 | -23% |
| 2025 | $28.1 | $48.7 | +73% |
| 2026 YTD | $48.7 | $35.2 | -28% |
NC has finished lower in three of the last six years. It's down 28% so far in 2026.