Forensic Analysis · Materials / Mining & Chemicals · as of Aug 11, 2026
Nacco Industries Inc (NC)
A forensic read on Nacco Industries Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
5.0
Distress distance
Clean
Earnings quality
5
Forensic signals
16.7
P / E (ttm)
4.1%
ROE
$313M
Market cap
2.22%
Dividend yield
16.6%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Nacco Industries Inc earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 5.0, placing it in the Safe zone. 5 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
3.6%
FY2025
Return on invested capital.Return on invested capital is 3.6% in the latest fiscal year and slipping from 14% — well below its ~8% cost of capital, so reinvested dollars may be destroying value, not building it.
+11.6%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +11.6% relative to their own average in FY2025 — scaled by NOA itself, not total assets (see the Forensic Screens card's differently-scaled Sloan Accrual Ratio for that read). Accruals are building faster than is comfortable — part of profit is sitting in the balance sheet rather than turning to cash. The cash-flow cross-check is more mixed: reported earnings ran behind operating cash by 7% of net operating assets, diverging from the balance-sheet accrual read.
+0.5%/yr
FY2022–FY2025
Share count.Diluted share count changed +1% over the last 3 years to FY2025 (+0.5%/yr). Roughly flat — buybacks ($3M) are about offsetting stock comp ($8M), not shrinking the count. Per-share value isn't being meaningfully helped or hurt by the count.
432% of FCF
FY2025
Shareholder returns.Returned $10M to shareholders (buybacks + dividends) in FY2025 — 432% of free cash flow, but 19% of operating cash flow. Returns run ahead of free cash flow, with the gap funded by debt or cash reserves rather than the cash the business itself throws off; the payout itself is still covered by operating cash. Counting the $8M of stock-based comp paid out in shares on top of that, the combined claim on free cash flow is 795%.
-81%
Key fundamentals
Latest Revenue$277.2M
Revenue Growth YoY+16.6%
Revenue CAGR (3yr)+4.7%
Net Margin6.3%
Free Cash Flow$2.3M
Return on Equity4.1%
Debt / Equity0.26x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Nacco Industries Inc's actual 10-K/10-Q/8-K filings?
Data from SEC EDGAR public filings · metrics as of Aug 11, 2026. Forensic signals flag probability, not certainty.
FY2012→FY2013
Dividend — cut.The payout was CUT ~81% in FY2013 (from FY2012) and hasn't been restored since. It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies.