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Side-by-side financial comparison of NACCO INDUSTRIES INC (NC) and Phathom Pharmaceuticals, Inc. (PHAT). Click either name above to swap in a different company.

NACCO INDUSTRIES INC is the larger business by last-quarter revenue ($62.8M vs $57.6M, roughly 1.1× Phathom Pharmaceuticals, Inc.). On growth, Phathom Pharmaceuticals, Inc. posted the faster year-over-year revenue change (94.1% vs -4.3%).

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...

Phathom Pharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing and commercializing innovative therapies for gastrointestinal diseases. Its lead product candidates address acid-related disorders, inflammatory bowel disease, and other GI conditions, serving patients mainly across North America and Europe.

NC vs PHAT — Head-to-Head

Bigger by revenue
NC
NC
1.1× larger
NC
$62.8M
$57.6M
PHAT
Growing faster (revenue YoY)
PHAT
PHAT
+98.4% gap
PHAT
94.1%
-4.3%
NC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NC
NC
PHAT
PHAT
Revenue
$62.8M
$57.6M
Net Profit
$8.8M
Gross Margin
22.8%
86.7%
Operating Margin
17.5%
Net Margin
14.1%
Revenue YoY
-4.3%
94.1%
Net Profit YoY
80.0%
71.6%
EPS (diluted)
$1.17

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
NC
NC
PHAT
PHAT
Q1 26
$62.8M
Q4 25
$66.8M
$57.6M
Q3 25
$76.6M
$49.5M
Q2 25
$68.2M
$39.5M
Q1 25
$65.6M
$28.5M
Q4 24
$70.4M
$29.7M
Q3 24
$61.7M
$16.4M
Q2 24
$52.3M
$7.3M
Net Profit
NC
NC
PHAT
PHAT
Q1 26
$8.8M
Q4 25
$-3.8M
Q3 25
$13.3M
$-30.0M
Q2 25
$3.3M
$-75.8M
Q1 25
$4.9M
$-94.3M
Q4 24
$7.6M
Q3 24
$15.6M
$-85.6M
Q2 24
$6.0M
$-91.4M
Gross Margin
NC
NC
PHAT
PHAT
Q1 26
22.8%
Q4 25
18.0%
86.7%
Q3 25
13.0%
87.5%
Q2 25
10.0%
87.2%
Q1 25
14.7%
86.9%
Q4 24
12.0%
87.1%
Q3 24
11.7%
85.6%
Q2 24
13.4%
81.2%
Operating Margin
NC
NC
PHAT
PHAT
Q1 26
17.5%
Q4 25
11.3%
Q3 25
8.8%
-30.8%
Q2 25
-0.1%
-151.7%
Q1 25
11.7%
-276.5%
Q4 24
5.5%
Q3 24
31.9%
-433.0%
Q2 24
14.1%
-1055.4%
Net Margin
NC
NC
PHAT
PHAT
Q1 26
14.1%
Q4 25
-5.8%
Q3 25
17.3%
-60.5%
Q2 25
4.8%
-191.9%
Q1 25
7.5%
-330.7%
Q4 24
10.7%
Q3 24
25.4%
-523.3%
Q2 24
11.4%
-1248.6%
EPS (diluted)
NC
NC
PHAT
PHAT
Q1 26
$1.17
Q4 25
$-0.53
Q3 25
$1.78
$-0.41
Q2 25
$0.44
$-1.05
Q1 25
$0.66
$-1.31
Q4 24
$0.99
Q3 24
$2.14
$-1.32
Q2 24
$0.81
$-1.56

Balance Sheet & Financial Strength

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

Metric
NC
NC
PHAT
PHAT
Cash + ST InvestmentsLiquidity on hand
$130.0M
Total DebtLower is stronger
$209.1M
Stockholders' EquityBook value
$-438.2M
Total Assets
$259.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NC
NC
PHAT
PHAT
Q1 26
Q4 25
$49.7M
$130.0M
Q3 25
$52.7M
$135.2M
Q2 25
$49.4M
$149.6M
Q1 25
$61.9M
$212.3M
Q4 24
$72.8M
$297.3M
Q3 24
$63.1M
$334.7M
Q2 24
$62.4M
$276.2M
Total Debt
NC
NC
PHAT
PHAT
Q1 26
Q4 25
$100.8M
$209.1M
Q3 25
$207.1M
Q2 25
$205.1M
Q1 25
$203.2M
Q4 24
$99.4M
$201.4M
Q3 24
$175.7M
Q2 24
$29.0M
$174.4M
Stockholders' Equity
NC
NC
PHAT
PHAT
Q1 26
Q4 25
$429.2M
$-438.2M
Q3 25
$426.4M
$-422.5M
Q2 25
$413.1M
$-405.8M
Q1 25
$409.1M
$-338.4M
Q4 24
$404.9M
$-253.6M
Q3 24
$397.3M
$-187.1M
Q2 24
$384.1M
$-233.8M
Total Assets
NC
NC
PHAT
PHAT
Q1 26
Q4 25
$661.2M
$259.1M
Q3 25
$637.6M
$240.3M
Q2 25
$631.3M
$250.2M
Q1 25
$634.2M
$294.2M
Q4 24
$631.7M
$378.3M
Q3 24
$597.4M
$387.0M
Q2 24
$560.1M
$319.4M
Debt / Equity
NC
NC
PHAT
PHAT
Q1 26
Q4 25
0.23×
Q3 25
Q2 25
Q1 25
Q4 24
0.25×
Q3 24
Q2 24
0.08×

Cash Flow & Capital Efficiency

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

Metric
NC
NC
PHAT
PHAT
Operating Cash FlowLast quarter
$-166.8M
Free Cash FlowOCF − Capex
$-167.0M
FCF MarginFCF / Revenue
-290.0%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-328.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NC
NC
PHAT
PHAT
Q1 26
Q4 25
$11.4M
$-166.8M
Q3 25
$42.3M
$-14.1M
Q2 25
$-7.8M
$-62.7M
Q1 25
$5.0M
$-84.9M
Q4 24
$25.2M
$-266.8M
Q3 24
$2.8M
$-63.6M
Q2 24
$4.1M
$-70.7M
Free Cash Flow
NC
NC
PHAT
PHAT
Q1 26
Q4 25
$-167.0M
Q3 25
$-14.1M
Q2 25
$-62.8M
Q1 25
$-84.9M
Q4 24
$-266.9M
Q3 24
$-63.6M
Q2 24
$-70.8M
FCF Margin
NC
NC
PHAT
PHAT
Q1 26
Q4 25
-290.0%
Q3 25
-28.6%
Q2 25
-159.0%
Q1 25
-297.9%
Q4 24
-899.8%
Q3 24
-389.0%
Q2 24
-966.2%
Capex Intensity
NC
NC
PHAT
PHAT
Q1 26
Q4 25
0.4%
Q3 25
0.1%
Q2 25
0.2%
Q1 25
0.1%
Q4 24
0.5%
Q3 24
0.3%
Q2 24
0.6%
Cash Conversion
NC
NC
PHAT
PHAT
Q1 26
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×

Financial Flow Comparison

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

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