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Nacco Industries (NC) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Nacco Industries (NC) Q3 2026 earnings results →
Q3 2026 Revenue up 5% year over year to $80.5M · 14¢ of every $1 of revenue kept as net profit · operating margin 11.5%
Nacco Industries made $80.5M in Q3 2026 (+5% Y/Y). Operating margin 11.5%, net earnings $10.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $80.5M in Q3 2026, up 5% year over year and up 11% from the previous quarter.
Gross margin was 14.6%, up 1.6 points from Q3 2025. Operating profit was $9.3M, a 11.5% margin (up 2.7 points year over year). Of the extra revenue versus Q3 2025, 64% reached operating profit, above the 9% margin then. Operating expenses fell 21% while revenue rose 5%. Net earnings were $10.9M, down 18% year over year. The effective tax rate was 13.0%. Non-operating items added $3.3M, 26% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $8.5M (down 80% year over year), 78% of net earnings. Non-cash charges added back $6.3M of depreciation and amortization. Working capital and other items used $8.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $80.5M | +5% | 11.5% | $10.9M | $8.5M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $72.3M | +6% | -3.1% | −$963K | $8.3M |
| Q1 2026 | 10-Q | May 5, 2026 | $62.8M | -4% | 17.5% | $8.8M | $12.4M |
| Q4 2025 | 10-K | Mar 4, 2026 | $66.8M | -5% | 11.3% | −$3.8M | $11.4M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $76.6M | +24% | 8.8% | $13.3M | $42.3M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $68.2M | +30% | -0.1% | $3.3M | −$7.8M |
| Q1 2025 | 10-Q | Apr 30, 2025 | $65.6M | +23% | 11.7% | $4.9M | $5.0M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Nacco Industries
NACCO Industries, Inc. ® (NACCO) and its wholly owned subsidiary, NACCO Natural Resources Corporation ® (NACCO Natural Resources, and with NACCO collectively, the Company, we, our or us), bring natural resources to life by delivering aggregates, minerals, reliable fuels and environmental solutions through our robust portfolio of businesses. We operate under three reportable business segments: Utility Coal Mining, Contract Mining and Minerals and Royalties. The Utility Coal Mining segment, operated by North American Coal ® , manages surface coal mines that are exclusive, long-term fuel providers for power generation companies. The Contract Mining segment, operated by North American Mining ® , is a leading provider of a broad range of specialized, long-term contract mining services.
In its own words, from its 10-K, filed Mar 4, 2026.
Nacco Industries against its Bituminous Coal & Lignite Surface Mining peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +5% against the peers' median +6%. Operating margin: 11.5% against the peers' median 11.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NC Nacco Industries | Q3 2026 | $80.5M | +5% | 11.5% |
| BTU Peabody Energy | Q3 2026 | $1.1B | +8% | -3.9% |
| ARLP Alliance Resource Partners LP | Q3 2026 | $603M | +6% | 24.5% |
| AMR Alpha Metallurgical Resources | Q3 2026 | $562M | +7% | -1.4% |
| NRP Natural Resource Partners LP | Q1 2025 | $51.3M | -22% | 83.7% |
Source: Nacco Industries 10-Q on SEC EDGAR · CIK 789933 · Bituminous Coal & Lignite Surface Mining
Guidance and outlook
13F: who owns NC and who is buying
More on NC
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results