vs

Side-by-side financial comparison of Hut 8 Corp. (HUT) and NACCO INDUSTRIES INC (NC). Click either name above to swap in a different company.

Hut 8 Corp. is the larger business by last-quarter revenue ($88.5M vs $66.8M, roughly 1.3× NACCO INDUSTRIES INC). NACCO INDUSTRIES INC runs the higher net margin — -5.8% vs -316.0%, a 310.3% gap on every dollar of revenue. On growth, Hut 8 Corp. posted the faster year-over-year revenue change (179.2% vs -5.2%). Over the past eight quarters, Hut 8 Corp.'s revenue compounded faster (30.8% CAGR vs 11.9%).

Tropical Hut is a Filipino chain of fast food restaurants owned by Mercury Group of Companies, Inc. It is the 7th oldest food chain in the Philippines and older than Jollibee (1978) and McDonald's Philippines (1981).

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...

HUT vs NC — Head-to-Head

Bigger by revenue
HUT
HUT
1.3× larger
HUT
$88.5M
$66.8M
NC
Growing faster (revenue YoY)
HUT
HUT
+184.4% gap
HUT
179.2%
-5.2%
NC
Higher net margin
NC
NC
310.3% more per $
NC
-5.8%
-316.0%
HUT
Faster 2-yr revenue CAGR
HUT
HUT
Annualised
HUT
30.8%
11.9%
NC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HUT
HUT
NC
NC
Revenue
$88.5M
$66.8M
Net Profit
$-279.7M
$-3.8M
Gross Margin
60.4%
18.0%
Operating Margin
-491.4%
11.3%
Net Margin
-316.0%
-5.8%
Revenue YoY
179.2%
-5.2%
Net Profit YoY
-283.7%
-150.8%
EPS (diluted)
$-2.45
$-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
HUT
HUT
NC
NC
Q4 25
$88.5M
$66.8M
Q3 25
$83.5M
$76.6M
Q2 25
$41.3M
$68.2M
Q1 25
$21.8M
$65.6M
Q4 24
$31.7M
$70.4M
Q3 24
$43.7M
$61.7M
Q2 24
$35.2M
$52.3M
Q1 24
$51.7M
$53.3M
Net Profit
HUT
HUT
NC
NC
Q4 25
$-279.7M
$-3.8M
Q3 25
$50.1M
$13.3M
Q2 25
$137.3M
$3.3M
Q1 25
$-133.9M
$4.9M
Q4 24
$152.2M
$7.6M
Q3 24
$647.0K
$15.6M
Q2 24
$-71.9M
$6.0M
Q1 24
$250.9M
$4.6M
Gross Margin
HUT
HUT
NC
NC
Q4 25
60.4%
18.0%
Q3 25
61.3%
13.0%
Q2 25
47.3%
10.0%
Q1 25
14.5%
14.7%
Q4 24
35.9%
12.0%
Q3 24
59.9%
11.7%
Q2 24
41.4%
13.4%
Q1 24
45.6%
13.2%
Operating Margin
HUT
HUT
NC
NC
Q4 25
-491.4%
11.3%
Q3 25
87.0%
8.8%
Q2 25
-0.1%
Q1 25
-676.8%
11.7%
Q4 24
5.5%
Q3 24
-3.6%
31.9%
Q2 24
-246.2%
14.1%
Q1 24
8.9%
Net Margin
HUT
HUT
NC
NC
Q4 25
-316.0%
-5.8%
Q3 25
60.0%
17.3%
Q2 25
332.5%
4.8%
Q1 25
-613.7%
7.5%
Q4 24
480.3%
10.7%
Q3 24
1.5%
25.4%
Q2 24
-204.1%
11.4%
Q1 24
484.9%
8.6%
EPS (diluted)
HUT
HUT
NC
NC
Q4 25
$-2.45
$-0.53
Q3 25
$0.43
$1.78
Q2 25
$1.18
$0.44
Q1 25
$-1.30
$0.66
Q4 24
$1.41
$0.99
Q3 24
$0.01
$2.14
Q2 24
$-0.78
$0.81
Q1 24
$2.76
$0.61

Balance Sheet & Financial Strength

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

Metric
HUT
HUT
NC
NC
Cash + ST InvestmentsLiquidity on hand
$44.9M
$49.7M
Total DebtLower is stronger
$100.8M
Stockholders' EquityBook value
$1.4B
$429.2M
Total Assets
$2.8B
$661.2M
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HUT
HUT
NC
NC
Q4 25
$44.9M
$49.7M
Q3 25
$33.5M
$52.7M
Q2 25
$216.3M
$49.4M
Q1 25
$108.4M
$61.9M
Q4 24
$85.0M
$72.8M
Q3 24
$63.1M
Q2 24
$62.4M
Q1 24
$11.5M
$61.8M
Total Debt
HUT
HUT
NC
NC
Q4 25
$100.8M
Q3 25
Q2 25
Q1 25
Q4 24
$300.6M
$99.4M
Q3 24
$297.3M
Q2 24
$328.8M
$29.0M
Q1 24
$177.6M
$28.4M
Stockholders' Equity
HUT
HUT
NC
NC
Q4 25
$1.4B
$429.2M
Q3 25
$1.4B
$426.4M
Q2 25
$1.3B
$413.1M
Q1 25
$960.0M
$409.1M
Q4 24
$976.7M
$404.9M
Q3 24
$703.9M
$397.3M
Q2 24
$660.1M
$384.1M
Q1 24
$732.0M
$381.6M
Total Assets
HUT
HUT
NC
NC
Q4 25
$2.8B
$661.2M
Q3 25
$2.7B
$637.6M
Q2 25
$2.0B
$631.3M
Q1 25
$1.6B
$634.2M
Q4 24
$1.5B
$631.7M
Q3 24
$1.1B
$597.4M
Q2 24
$1.1B
$560.1M
Q1 24
$999.0M
$538.0M
Debt / Equity
HUT
HUT
NC
NC
Q4 25
0.23×
Q3 25
Q2 25
Q1 25
Q4 24
0.31×
0.25×
Q3 24
0.42×
Q2 24
0.50×
0.08×
Q1 24
0.24×
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
HUT
HUT
NC
NC
Operating Cash FlowLast quarter
$-139.2M
$11.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HUT
HUT
NC
NC
Q4 25
$-139.2M
$11.4M
Q3 25
$770.0K
$42.3M
Q2 25
$-48.8M
$-7.8M
Q1 25
$-33.8M
$5.0M
Q4 24
$-68.5M
$25.2M
Q3 24
$-4.2M
$2.8M
Q2 24
$-16.4M
$4.1M
Q1 24
$-26.3M
$-9.8M
Cash Conversion
HUT
HUT
NC
NC
Q4 25
Q3 25
0.02×
3.19×
Q2 25
-0.36×
-2.39×
Q1 25
1.03×
Q4 24
-0.45×
3.33×
Q3 24
-6.49×
0.18×
Q2 24
0.68×
Q1 24
-0.11×
-2.14×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HUT
HUT

High Performance Computing Colocation And Cloud$81.9M93%
Power$5.0M6%
Digital Infrastructure$1.6M2%

NC
NC

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

Related Comparisons