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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and NACCO INDUSTRIES INC (NC). Click either name above to swap in a different company.

GRID DYNAMICS HOLDINGS, INC. is the larger business by last-quarter revenue ($106.2M vs $66.8M, roughly 1.6× NACCO INDUSTRIES INC). GRID DYNAMICS HOLDINGS, INC. runs the higher net margin — 0.3% vs -5.8%, a 6.0% gap on every dollar of revenue. On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (5.9% vs -5.2%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (15.3% CAGR vs 11.9%).

Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.

NACCO Industries, Inc. is an American publicly traded holding company, headquartered in Cleveland, Ohio. Through a portfolio of mining and natural resources businesses, the company operates under three business segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The North American Mining se...

GDYN vs NC — Head-to-Head

Bigger by revenue
GDYN
GDYN
1.6× larger
GDYN
$106.2M
$66.8M
NC
Growing faster (revenue YoY)
GDYN
GDYN
+11.0% gap
GDYN
5.9%
-5.2%
NC
Higher net margin
GDYN
GDYN
6.0% more per $
GDYN
0.3%
-5.8%
NC
Faster 2-yr revenue CAGR
GDYN
GDYN
Annualised
GDYN
15.3%
11.9%
NC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GDYN
GDYN
NC
NC
Revenue
$106.2M
$66.8M
Net Profit
$306.0K
$-3.8M
Gross Margin
34.0%
18.0%
Operating Margin
0.5%
11.3%
Net Margin
0.3%
-5.8%
Revenue YoY
5.9%
-5.2%
Net Profit YoY
-93.2%
-150.8%
EPS (diluted)
$0.01
$-0.53

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GDYN
GDYN
NC
NC
Q4 25
$106.2M
$66.8M
Q3 25
$104.2M
$76.6M
Q2 25
$101.1M
$68.2M
Q1 25
$100.4M
$65.6M
Q4 24
$100.3M
$70.4M
Q3 24
$87.4M
$61.7M
Q2 24
$83.0M
$52.3M
Q1 24
$79.8M
$53.3M
Net Profit
GDYN
GDYN
NC
NC
Q4 25
$306.0K
$-3.8M
Q3 25
$1.2M
$13.3M
Q2 25
$5.3M
$3.3M
Q1 25
$2.9M
$4.9M
Q4 24
$4.5M
$7.6M
Q3 24
$4.3M
$15.6M
Q2 24
$-817.0K
$6.0M
Q1 24
$-3.9M
$4.6M
Gross Margin
GDYN
GDYN
NC
NC
Q4 25
34.0%
18.0%
Q3 25
33.3%
13.0%
Q2 25
34.1%
10.0%
Q1 25
36.8%
14.7%
Q4 24
36.9%
12.0%
Q3 24
37.4%
11.7%
Q2 24
35.6%
13.4%
Q1 24
34.7%
13.2%
Operating Margin
GDYN
GDYN
NC
NC
Q4 25
0.5%
11.3%
Q3 25
-0.2%
8.8%
Q2 25
-0.1%
-0.1%
Q1 25
-2.0%
11.7%
Q4 24
1.3%
5.5%
Q3 24
2.4%
31.9%
Q2 24
0.0%
14.1%
Q1 24
-6.9%
8.9%
Net Margin
GDYN
GDYN
NC
NC
Q4 25
0.3%
-5.8%
Q3 25
1.1%
17.3%
Q2 25
5.2%
4.8%
Q1 25
2.9%
7.5%
Q4 24
4.5%
10.7%
Q3 24
4.9%
25.4%
Q2 24
-1.0%
11.4%
Q1 24
-4.9%
8.6%
EPS (diluted)
GDYN
GDYN
NC
NC
Q4 25
$0.01
$-0.53
Q3 25
$0.01
$1.78
Q2 25
$0.06
$0.44
Q1 25
$0.03
$0.66
Q4 24
$0.06
$0.99
Q3 24
$0.05
$2.14
Q2 24
$-0.01
$0.81
Q1 24
$-0.05
$0.61

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GDYN
GDYN
NC
NC
Cash + ST InvestmentsLiquidity on hand
$342.1M
$49.7M
Total DebtLower is stronger
$100.8M
Stockholders' EquityBook value
$542.1M
$429.2M
Total Assets
$612.9M
$661.2M
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDYN
GDYN
NC
NC
Q4 25
$342.1M
$49.7M
Q3 25
$338.6M
$52.7M
Q2 25
$336.8M
$49.4M
Q1 25
$325.5M
$61.9M
Q4 24
$334.7M
$72.8M
Q3 24
$231.3M
$63.1M
Q2 24
$256.0M
$62.4M
Q1 24
$249.4M
$61.8M
Total Debt
GDYN
GDYN
NC
NC
Q4 25
$100.8M
Q3 25
Q2 25
Q1 25
Q4 24
$99.4M
Q3 24
Q2 24
$29.0M
Q1 24
$28.4M
Stockholders' Equity
GDYN
GDYN
NC
NC
Q4 25
$542.1M
$429.2M
Q3 25
$537.7M
$426.4M
Q2 25
$532.2M
$413.1M
Q1 25
$517.4M
$409.1M
Q4 24
$517.8M
$404.9M
Q3 24
$400.2M
$397.3M
Q2 24
$388.4M
$384.1M
Q1 24
$382.8M
$381.6M
Total Assets
GDYN
GDYN
NC
NC
Q4 25
$612.9M
$661.2M
Q3 25
$613.2M
$637.6M
Q2 25
$608.9M
$631.3M
Q1 25
$590.9M
$634.2M
Q4 24
$592.2M
$631.7M
Q3 24
$477.3M
$597.4M
Q2 24
$443.6M
$560.1M
Q1 24
$435.3M
$538.0M
Debt / Equity
GDYN
GDYN
NC
NC
Q4 25
0.23×
Q3 25
Q2 25
Q1 25
Q4 24
0.25×
Q3 24
Q2 24
0.08×
Q1 24
0.07×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GDYN
GDYN
NC
NC
Operating Cash FlowLast quarter
$9.9M
$11.4M
Free Cash FlowOCF − Capex
$6.1M
FCF MarginFCF / Revenue
5.7%
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
32.34×
TTM Free Cash FlowTrailing 4 quarters
$25.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDYN
GDYN
NC
NC
Q4 25
$9.9M
$11.4M
Q3 25
$7.0M
$42.3M
Q2 25
$14.4M
$-7.8M
Q1 25
$9.4M
$5.0M
Q4 24
$7.1M
$25.2M
Q3 24
$9.2M
$2.8M
Q2 24
$10.7M
$4.1M
Q1 24
$3.2M
$-9.8M
Free Cash Flow
GDYN
GDYN
NC
NC
Q4 25
$6.1M
Q3 25
$2.9M
Q2 25
$10.2M
Q1 25
$6.0M
Q4 24
$4.4M
Q3 24
$5.9M
Q2 24
$8.0M
Q1 24
$43.0K
FCF Margin
GDYN
GDYN
NC
NC
Q4 25
5.7%
Q3 25
2.8%
Q2 25
10.1%
Q1 25
6.0%
Q4 24
4.4%
Q3 24
6.8%
Q2 24
9.7%
Q1 24
0.1%
Capex Intensity
GDYN
GDYN
NC
NC
Q4 25
3.6%
Q3 25
3.9%
Q2 25
4.1%
Q1 25
3.3%
Q4 24
2.6%
Q3 24
3.7%
Q2 24
3.2%
Q1 24
4.0%
Cash Conversion
GDYN
GDYN
NC
NC
Q4 25
32.34×
Q3 25
5.92×
3.19×
Q2 25
2.73×
-2.39×
Q1 25
3.21×
1.03×
Q4 24
1.56×
3.33×
Q3 24
2.15×
0.18×
Q2 24
0.68×
Q1 24
-2.14×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GDYN
GDYN

Other$30.6M29%
Technology Media And Telecom$30.1M28%
Financial Service$24.3M23%
Manufactured Product Other$10.8M10%
Related Party$7.6M7%
Health Care$2.8M3%

NC
NC

Transferred Over Time$42.7M64%
Transferred At Point In Time$24.1M36%

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