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Side-by-side financial comparison of GRAIL, Inc. (GRAL) and NACCO INDUSTRIES INC (NC). Click either name above to swap in a different company.
NACCO INDUSTRIES INC is the larger business by last-quarter revenue ($66.8M vs $43.6M, roughly 1.5× GRAIL, Inc.). NACCO INDUSTRIES INC runs the higher net margin — -5.8% vs -227.5%, a 221.7% gap on every dollar of revenue. On growth, GRAIL, Inc. posted the faster year-over-year revenue change (14.0% vs -5.2%). Over the past eight quarters, GRAIL, Inc.'s revenue compounded faster (27.7% CAGR vs 11.9%).
GRAIL, Inc. is an American biotechnology company based in Menlo Park, California founded in 2015 seeking to develop an early cancer screening test for people who do not have symptoms. As a startup it was a subsidiary of Illumina, which bought it outright in 2021.
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...
GRAL vs NC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.6M | $66.8M |
| Net Profit | $-99.2M | $-3.8M |
| Gross Margin | — | 18.0% |
| Operating Margin | -285.4% | 11.3% |
| Net Margin | -227.5% | -5.8% |
| Revenue YoY | 14.0% | -5.2% |
| Net Profit YoY | -2.2% | -150.8% |
| EPS (diluted) | $-2.37 | $-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.
| Q4 25 | $43.6M | $66.8M | ||
| Q3 25 | $36.2M | $76.6M | ||
| Q2 25 | $35.5M | $68.2M | ||
| Q1 25 | $31.8M | $65.6M | ||
| Q4 24 | $38.3M | $70.4M | ||
| Q3 24 | $28.7M | $61.7M | ||
| Q2 24 | $32.0M | $52.3M | ||
| Q1 24 | $26.7M | $53.3M |
| Q4 25 | $-99.2M | $-3.8M | ||
| Q3 25 | $-89.0M | $13.3M | ||
| Q2 25 | $-114.0M | $3.3M | ||
| Q1 25 | $-106.2M | $4.9M | ||
| Q4 24 | $-97.1M | $7.6M | ||
| Q3 24 | $-125.7M | $15.6M | ||
| Q2 24 | $-1.6B | $6.0M | ||
| Q1 24 | $-218.9M | $4.6M |
| Q4 25 | — | 18.0% | ||
| Q3 25 | — | 13.0% | ||
| Q2 25 | — | 10.0% | ||
| Q1 25 | — | 14.7% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | 11.7% | ||
| Q2 24 | — | 13.4% | ||
| Q1 24 | — | 13.2% |
| Q4 25 | -285.4% | 11.3% | ||
| Q3 25 | -346.2% | 8.8% | ||
| Q2 25 | -446.9% | -0.1% | ||
| Q1 25 | -482.5% | 11.7% | ||
| Q4 24 | -358.0% | 5.5% | ||
| Q3 24 | -640.5% | 31.9% | ||
| Q2 24 | -5133.8% | 14.1% | ||
| Q1 24 | -851.1% | 8.9% |
| Q4 25 | -227.5% | -5.8% | ||
| Q3 25 | -245.8% | 17.3% | ||
| Q2 25 | -320.7% | 4.8% | ||
| Q1 25 | -333.6% | 7.5% | ||
| Q4 24 | -253.8% | 10.7% | ||
| Q3 24 | -438.7% | 25.4% | ||
| Q2 24 | -4958.8% | 11.4% | ||
| Q1 24 | -819.3% | 8.6% |
| Q4 25 | $-2.37 | $-0.53 | ||
| Q3 25 | $-2.46 | $1.78 | ||
| Q2 25 | $-3.18 | $0.44 | ||
| Q1 25 | $-3.10 | $0.66 | ||
| Q4 24 | $-1.49 | $0.99 | ||
| Q3 24 | $-3.94 | $2.14 | ||
| Q2 24 | $-51.06 | $0.81 | ||
| Q1 24 | $-7.05 | $0.61 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $249.7M | $49.7M |
| Total DebtLower is stronger | — | $100.8M |
| Stockholders' EquityBook value | $2.6B | $429.2M |
| Total Assets | $2.9B | $661.2M |
| Debt / EquityLower = less leverage | — | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $249.7M | $49.7M | ||
| Q3 25 | $126.9M | $52.7M | ||
| Q2 25 | $127.4M | $49.4M | ||
| Q1 25 | $133.9M | $61.9M | ||
| Q4 24 | $214.2M | $72.8M | ||
| Q3 24 | $853.6M | $63.1M | ||
| Q2 24 | $958.8M | $62.4M | ||
| Q1 24 | $199.7M | $61.8M |
| Q4 25 | — | $100.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $99.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $29.0M | ||
| Q1 24 | — | $28.4M |
| Q4 25 | $2.6B | $429.2M | ||
| Q3 25 | $2.2B | $426.4M | ||
| Q2 25 | $2.3B | $413.1M | ||
| Q1 25 | $2.4B | $409.1M | ||
| Q4 24 | $2.5B | $404.9M | ||
| Q3 24 | $2.6B | $397.3M | ||
| Q2 24 | $2.7B | $384.1M | ||
| Q1 24 | — | $381.6M |
| Q4 25 | $2.9B | $661.2M | ||
| Q3 25 | $2.6B | $637.6M | ||
| Q2 25 | $2.7B | $631.3M | ||
| Q1 25 | $2.8B | $634.2M | ||
| Q4 24 | $3.0B | $631.7M | ||
| Q3 24 | $3.1B | $597.4M | ||
| Q2 24 | $3.3B | $560.1M | ||
| Q1 24 | — | $538.0M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-63.8M | $11.4M |
| Free Cash FlowOCF − Capex | $-63.9M | — |
| FCF MarginFCF / Revenue | -146.5% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-299.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-63.8M | $11.4M | ||
| Q3 25 | $-63.2M | $42.3M | ||
| Q2 25 | $-77.0M | $-7.8M | ||
| Q1 25 | $-95.0M | $5.0M | ||
| Q4 24 | — | $25.2M | ||
| Q3 24 | $-104.6M | $2.8M | ||
| Q2 24 | $-171.8M | $4.1M | ||
| Q1 24 | $-207.3M | $-9.8M |
| Q4 25 | $-63.9M | — | ||
| Q3 25 | $-63.6M | — | ||
| Q2 25 | $-77.3M | — | ||
| Q1 25 | $-95.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-105.6M | — | ||
| Q2 24 | $-173.2M | — | ||
| Q1 24 | $-209.8M | — |
| Q4 25 | -146.5% | — | ||
| Q3 25 | -175.8% | — | ||
| Q2 25 | -217.6% | — | ||
| Q1 25 | -298.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -368.4% | — | ||
| Q2 24 | -541.7% | — | ||
| Q1 24 | -785.3% | — |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 4.3% | — | ||
| Q1 24 | 9.5% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 3.19× | ||
| Q2 25 | — | -2.39× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 3.33× | ||
| Q3 24 | — | 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
GRAL
| Screening Revenue | $42.3M | 97% |
| Developmental Services Revenue | $1.3M | 3% |
NC
| Transferred Over Time | $42.7M | 64% |
| Transferred At Point In Time | $24.1M | 36% |
