NACCO INDUSTRIES INC
NC · Bituminous Coal & Lignite Surface Mining · 7.4M shares · +1%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $4M (gross $10M, SBC $6M)
Reference price $51.44 · est. market cap ~$381M — last insider sale, 2026-03-13 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C64Diversified coal/contract-mining holding with decent margins and cash flow but low ROE and a declining core end-market.
Strengths
- Healthy OCF margin (73.5th pct), operating margin (66.7th pct) and net margin (64th pct)
- Revenue grew 16.6% (68.5th pct) with growing minerals/royalties and contract-mining segments
Risks
- ROE only 4.1% (48.5th pct) and net income fell 48%; Red Hills outage to drive an MLMC operating loss in 2026
- Secular decline of utility coal and customer/contract concentration
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
13.9%
Operating margin
7.9%
Net margin
6.3%
Return on equity
4.1%
Return on assets
2.7%
ROIC
3.3%
Revenue growth (QoQ)
-6.0%
Net-income growth
-47.9%
Debt / equity
0.2×
Net debt / EBITDA
1.1×
Current ratio
3.1×
Free cash flow
$2M
EBITDA
$47M
Tangible book value
$425M
Cash & investments
$50M
Stock comp / revenue
3.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-01 | RANKIN ALFRED M ET AL | Grant | 955 | — |
| 2026-04-01 | SACHS VALERIE GENTILE | Grant | 563 | — |
| 2026-04-01 | SHAPARD ROBERT S | Grant | 563 | — |
| 2026-04-01 | McDonald William Paul | Grant | 563 | — |
| 2026-04-01 | Miller Michael Sidney | Grant | 563 | — |
| 2026-04-01 | TAPLIN BRITTON T | Grant | 563 | — |
| 2026-04-01 | RANKIN ELIZABETH B | Grant | 563 | — |
| 2026-04-01 | RANKIN MATTHEW M | Grant | 563 | — |
| 2026-04-01 | Jumper John P | Grant | 563 | — |
| 2026-04-01 | LABARRE DENNIS W | Grant | 563 | — |
| 2026-04-01 | DALRYMPLE JOHN S III | Grant | 563 | — |
| 2026-04-01 | RANKIN VICTOIRE G | Grant | 955 | — |
| 2026-03-13 | Loveman Elizabeth | Sell | 1.7K | $51.44 |
| 2026-03-12 | Loveman Elizabeth | Sell | 4.1K | $52.04 |
| 2026-03-09 | Maxwell Thomas A | Sell | 1.8K | $48.55 |
| 2026-02-17 | Sullivan John Patrick Jr. | Tax withheld | 245 | — |
| 2026-02-17 | BUTLER HELEN RANKIN | Grant | 40K | — |
| 2026-02-17 | BUTLER HELEN RANKIN | Tax withheld | 8.8K | — |
| 2026-02-17 | BUTLER JOHN C JR | Grant | 40K | — |
| 2026-02-17 | BUTLER JOHN C JR | Tax withheld | 8.8K | — |
| 2026-02-17 | Neumann John D | Grant | 5.4K | — |
| 2026-02-17 | Neumann John D | Tax withheld | 249 | — |
| 2026-02-17 | Maxwell Thomas A | Grant | 1.9K | — |
| 2026-02-17 | Maxwell Thomas A | Tax withheld | 296 | — |
| 2026-02-17 | Loveman Elizabeth | Grant | 2.9K | — |
| 2026-02-17 | Loveman Elizabeth | Tax withheld | 363 | — |
| 2026-02-17 | Sullivan John Patrick Jr. | Grant | 5.2K | — |
| 2026-02-17 | Dewing Carroll L | Grant | 6.3K | — |
| 2026-02-17 | Dewing Carroll L | Tax withheld | 388 | — |
| 2026-01-02 | DALRYMPLE JOHN S III | Grant | 604 | — |
| 2026-01-02 | Jumper John P | Grant | 604 | — |
| 2026-01-02 | RANKIN VICTOIRE G | Grant | 1.1K | — |
| 2026-01-02 | RANKIN ALFRED M ET AL | Grant | 1.1K | — |
| 2026-01-02 | RANKIN ELIZABETH B | Grant | 604 | — |
| 2026-01-02 | RANKIN MATTHEW M | Grant | 604 | — |
| 2026-01-02 | TAPLIN BRITTON T | Grant | 604 | — |
| 2026-01-02 | SACHS VALERIE GENTILE | Grant | 604 | — |
| 2026-01-02 | Miller Michael Sidney | Grant | 604 | — |
| 2026-01-02 | McDonald William Paul | Grant | 604 | — |
| 2026-01-02 | SHAPARD ROBERT S | Grant | 604 | — |
| 2026-01-02 | LABARRE DENNIS W | Grant | 604 | — |
| 2025-11-12 | Loveman Elizabeth | Sell | 1.9K | $49.94 |
| 2025-11-10 | Loveman Elizabeth | Sell | 3.0K | $45.22 |
| 2025-10-01 | McDonald William Paul | Grant | 707 | — |
| 2025-10-01 | TAPLIN BRITTON T | Grant | 707 | — |
| 2025-10-01 | SHAPARD ROBERT S | Grant | 707 | — |
| 2025-10-01 | RANKIN VICTOIRE G | Grant | 1.2K | — |
| 2025-10-01 | RANKIN MATTHEW M | Grant | 707 | — |
| 2025-10-01 | RANKIN ELIZABETH B | Grant | 707 | — |
| 2025-10-01 | RANKIN ALFRED M ET AL | Grant | 1.2K | — |
| 2025-10-01 | Miller Michael Sidney | Grant | 707 | — |
| 2025-10-01 | LABARRE DENNIS W | Grant | 707 | — |
| 2025-10-01 | Jumper John P | Grant | 707 | — |
| 2025-10-01 | DALRYMPLE JOHN S III | Grant | 707 | — |
| 2025-10-01 | SACHS VALERIE GENTILE | Grant | 707 | — |
| 2025-10-01 | RANKIN ALISON A | Grant | 707 | — |
| 2025-09-04 | Loveman Elizabeth | Sell | 3.2K | $39.18 |
| 2025-07-01 | RANKIN VICTOIRE G | Grant | 1.3K | — |
| 2025-07-01 | RANKIN ALFRED M ET AL | Grant | 1.3K | — |
| 2025-07-01 | SHAPARD ROBERT S | Grant | 770 | — |
| 2025-07-01 | TAPLIN BRITTON T | Grant | 770 | — |
| 2025-07-01 | RANKIN ELIZABETH B | Grant | 770 | — |
| 2025-07-01 | RANKIN MATTHEW M | Grant | 770 | — |
| 2025-07-01 | Robinson Lori Jean | Grant | 482 | — |
| 2025-07-01 | RANKIN ROGER F | Grant | 770 | — |
| 2025-07-01 | Miller Michael Sidney | Grant | 770 | — |
| 2025-07-01 | McDonald William Paul | Grant | 770 | — |
| 2025-07-01 | LABARRE DENNIS W | Grant | 770 | — |
| 2025-07-01 | RANKIN ALISON A | Grant | 770 | — |
| 2025-07-01 | SACHS VALERIE GENTILE | Grant | 770 | — |
| 2025-07-01 | Jumper John P | Grant | 770 | — |
| 2025-07-01 | DALRYMPLE JOHN S III | Grant | 770 | — |
| 2025-05-21 | Maxwell Thomas A | Sell | 4.1K | $36.18 |
| 2025-04-01 | Robinson Lori Jean | Grant | 868 | — |
| 2025-04-01 | TAPLIN BRITTON T | Grant | 868 | — |
| 2025-04-01 | SHAPARD ROBERT S | Grant | 868 | — |
| 2025-04-01 | SACHS VALERIE GENTILE | Grant | 868 | — |
| 2025-04-01 | RANKIN ROGER F | Grant | 868 | — |
| 2025-04-01 | RANKIN MATTHEW M | Grant | 868 | — |
| 2025-04-01 | Miller Michael Sidney | Grant | 868 | — |
| 2025-04-01 | McDonald William Paul | Grant | 868 | — |
| 2025-04-01 | LABARRE DENNIS W | Grant | 868 | — |
| 2025-04-01 | Jumper John P | Grant | 868 | — |
| 2025-04-01 | DALRYMPLE JOHN S III | Grant | 868 | — |
| 2025-04-01 | RANKIN ELIZABETH B | Grant | 868 | — |
| 2025-04-01 | RANKIN ALISON A | Grant | 868 | — |
| 2025-04-01 | RANKIN VICTOIRE G | Grant | 1.5K | — |
| 2025-04-01 | RANKIN ALFRED M ET AL | Grant | 1.5K | — |
| 2025-02-18 | BUTLER JOHN C JR | Tax withheld | 4.8K | — |
| 2025-02-18 | Maxwell Thomas A | Tax withheld | 62 | — |
| 2025-02-18 | Maxwell Thomas A | Grant | 2.5K | — |
| 2025-02-18 | BUTLER HELEN RANKIN | Grant | 54K | — |
| 2025-02-18 | BUTLER HELEN RANKIN | Tax withheld | 4.8K | — |
| 2025-02-18 | Loveman Elizabeth | Grant | 3.9K | — |
| 2025-02-18 | Sullivan John Patrick Jr. | Grant | 7.0K | — |
| 2025-02-18 | Dewing Carroll L | Grant | 8.5K | — |
| 2025-02-18 | BUTLER JOHN C JR | Grant | 54K | — |
| 2025-02-18 | Neumann John D | Grant | 7.3K | — |
| 2025-01-02 | RANKIN ALISON A | Grant | 928 | — |
| 2025-01-02 | RANKIN ROGER F | Grant | 928 | — |
| 2025-01-02 | RANKIN ELIZABETH B | Grant | 928 | — |
| 2025-01-02 | RANKIN MATTHEW M | Grant | 928 | — |
| 2025-01-02 | RANKIN ALFRED M ET AL | Grant | 1.3K | — |
| 2025-01-02 | RANKIN VICTOIRE G | Grant | 1.3K | — |
| 2025-01-02 | SHAPARD ROBERT S | Grant | 928 | — |
| 2025-01-02 | SACHS VALERIE GENTILE | Grant | 928 | — |
| 2025-01-02 | Robinson Lori Jean | Grant | 928 | — |
| 2025-01-02 | LABARRE DENNIS W | Grant | 928 | — |
| 2025-01-02 | Miller Michael Sidney | Grant | 928 | — |
| 2025-01-02 | McDonald William Paul | Grant | 928 | — |
| 2025-01-02 | Jumper John P | Grant | 928 | — |
| 2025-01-02 | DALRYMPLE JOHN S III | Grant | 928 | — |
| 2025-01-02 | TAPLIN BRITTON T | Grant | 928 | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-18 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2026-05-05 | ResultsExhibits | filing ↗ |
| 2026-03-19 | ResultsReg FDExhibits | filing ↗ |
| 2026-03-04 | ResultsExhibits | filing ↗ |
| 2025-12-16 | Exec/director changeExhibits | filing ↗ |
| 2025-11-18 | OtherExhibits | filing ↗ |
| 2025-11-05 | ResultsExhibits | filing ↗ |
| 2025-08-25 | ResultsReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-18 | 2026-05-15 | 0000789933-26-000120 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0000789933-26-000116 ↗ |
| 10-Q | 2026-05-05 | 2026-03-31 | 0000789933-26-000117 ↗ |
| 8-K | 2026-03-19 | 2026-03-19 | 0000789933-26-000080 ↗ |
| 8-K | 2026-03-04 | 2026-03-04 | 0000789933-26-000071 ↗ |
| 10-K | 2026-03-04 | 2025-12-31 | 0000789933-26-000070 ↗ |
| 8-K | 2025-12-16 | 2025-12-12 | 0000789933-25-000115 ↗ |
| 8-K | 2025-11-18 | 2025-11-18 | 0000789933-25-000109 ↗ |
| 8-K | 2025-11-05 | 2025-11-05 | 0000789933-25-000101 ↗ |
| 10-Q | 2025-11-05 | 2025-09-30 | 0000789933-25-000102 ↗ |
| 8-K | 2025-08-25 | 2025-08-25 | 0000789933-25-000046 ↗ |
| 10-Q | 2025-08-06 | 2025-06-30 | 0000789933-25-000041 ↗ |