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Side-by-side financial comparison of NACCO INDUSTRIES INC (NC) and P10, Inc. (PX). Click either name above to swap in a different company.
P10, Inc. is the larger business by last-quarter revenue ($81.0M vs $62.8M, roughly 1.3× NACCO INDUSTRIES INC). NACCO INDUSTRIES INC runs the higher net margin — 14.1% vs 11.7%, a 2.4% gap on every dollar of revenue. On growth, NACCO INDUSTRIES INC posted the faster year-over-year revenue change (-4.3% vs -4.7%). Over the past eight quarters, P10, Inc.'s revenue compounded faster (10.7% CAGR vs 9.5%).
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...
P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.
NC vs PX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.8M | $81.0M |
| Net Profit | $8.8M | $9.5M |
| Gross Margin | 22.8% | — |
| Operating Margin | 17.5% | 31.9% |
| Net Margin | 14.1% | 11.7% |
| Revenue YoY | -4.3% | -4.7% |
| Net Profit YoY | 80.0% | 79.0% |
| EPS (diluted) | $1.17 | $0.08 |
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.
| Q1 26 | $62.8M | — | ||
| Q4 25 | $66.8M | $81.0M | ||
| Q3 25 | $76.6M | $75.9M | ||
| Q2 25 | $68.2M | $72.7M | ||
| Q1 25 | $65.6M | $67.7M | ||
| Q4 24 | $70.4M | $85.0M | ||
| Q3 24 | $61.7M | $74.2M | ||
| Q2 24 | $52.3M | $71.1M |
| Q1 26 | $8.8M | — | ||
| Q4 25 | $-3.8M | $9.5M | ||
| Q3 25 | $13.3M | $2.1M | ||
| Q2 25 | $3.3M | $3.4M | ||
| Q1 25 | $4.9M | $4.5M | ||
| Q4 24 | $7.6M | $5.3M | ||
| Q3 24 | $15.6M | $1.4M | ||
| Q2 24 | $6.0M | $7.0M |
| Q1 26 | 22.8% | — | ||
| 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 26 | 17.5% | — | ||
| Q4 25 | 11.3% | 31.9% | ||
| Q3 25 | 8.8% | 14.1% | ||
| Q2 25 | -0.1% | 24.4% | ||
| Q1 25 | 11.7% | 16.6% | ||
| Q4 24 | 5.5% | 26.9% | ||
| Q3 24 | 31.9% | 11.9% | ||
| Q2 24 | 14.1% | 23.7% |
| Q1 26 | 14.1% | — | ||
| Q4 25 | -5.8% | 11.7% | ||
| Q3 25 | 17.3% | 2.8% | ||
| Q2 25 | 4.8% | 4.7% | ||
| Q1 25 | 7.5% | 6.7% | ||
| Q4 24 | 10.7% | 6.2% | ||
| Q3 24 | 25.4% | 1.9% | ||
| Q2 24 | 11.4% | 9.8% |
| Q1 26 | $1.17 | — | ||
| Q4 25 | $-0.53 | $0.08 | ||
| Q3 25 | $1.78 | $0.02 | ||
| Q2 25 | $0.44 | $0.03 | ||
| Q1 25 | $0.66 | $0.04 | ||
| Q4 24 | $0.99 | $0.05 | ||
| Q3 24 | $2.14 | $0.01 | ||
| Q2 24 | $0.81 | $0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $28.2M |
| Total DebtLower is stronger | — | $373.2M |
| Stockholders' EquityBook value | — | $403.5M |
| Total Assets | — | $928.3M |
| Debt / EquityLower = less leverage | — | 0.93× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $49.7M | $28.2M | ||
| Q3 25 | $52.7M | $40.0M | ||
| Q2 25 | $49.4M | $33.4M | ||
| Q1 25 | $61.9M | $74.4M | ||
| Q4 24 | $72.8M | $67.5M | ||
| Q3 24 | $63.1M | $61.5M | ||
| Q2 24 | $62.4M | $31.2M |
| Q1 26 | — | — | ||
| Q4 25 | $100.8M | $373.2M | ||
| Q3 25 | — | $393.4M | ||
| Q2 25 | — | $373.0M | ||
| Q1 25 | — | $357.2M | ||
| Q4 24 | $99.4M | $319.8M | ||
| Q3 24 | — | $319.4M | ||
| Q2 24 | $29.0M | $300.6M |
| Q1 26 | — | — | ||
| Q4 25 | $429.2M | $403.5M | ||
| Q3 25 | $426.4M | $396.8M | ||
| Q2 25 | $413.1M | $388.9M | ||
| Q1 25 | $409.1M | $374.3M | ||
| Q4 24 | $404.9M | $386.9M | ||
| Q3 24 | $397.3M | $394.1M | ||
| Q2 24 | $384.1M | $396.9M |
| Q1 26 | — | — | ||
| Q4 25 | $661.2M | $928.3M | ||
| Q3 25 | $637.6M | $936.0M | ||
| Q2 25 | $631.3M | $932.2M | ||
| Q1 25 | $634.2M | $877.4M | ||
| Q4 24 | $631.7M | $869.3M | ||
| Q3 24 | $597.4M | $857.0M | ||
| Q2 24 | $560.1M | $823.2M |
| Q1 26 | — | — | ||
| Q4 25 | 0.23× | 0.93× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 0.96× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | 0.25× | 0.83× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | 0.08× | 0.76× |
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 | — | $23.0M |
| Free Cash FlowOCF − Capex | — | $18.1M |
| FCF MarginFCF / Revenue | — | 22.3% |
| Capex IntensityCapex / Revenue | — | 6.0% |
| Cash ConversionOCF / Net Profit | — | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | — | $14.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $11.4M | $23.0M | ||
| Q3 25 | $42.3M | $-8.6M | ||
| Q2 25 | $-7.8M | $13.4M | ||
| Q1 25 | $5.0M | $-4.7M | ||
| Q4 24 | $25.2M | $101.0M | ||
| Q3 24 | $2.8M | $27.5M | ||
| Q2 24 | $4.1M | $34.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $18.1M | ||
| Q3 25 | — | $-9.5M | ||
| Q2 25 | — | $11.6M | ||
| Q1 25 | — | $-6.0M | ||
| Q4 24 | — | $96.6M | ||
| Q3 24 | — | $25.2M | ||
| Q2 24 | — | $33.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 22.3% | ||
| Q3 25 | — | -12.6% | ||
| Q2 25 | — | 15.9% | ||
| Q1 25 | — | -8.9% | ||
| Q4 24 | — | 113.6% | ||
| Q3 24 | — | 34.0% | ||
| Q2 24 | — | 47.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.0% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 5.2% | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.43× | ||
| Q3 25 | 3.19× | -4.01× | ||
| Q2 25 | -2.39× | 3.96× | ||
| Q1 25 | 1.03× | -1.05× | ||
| Q4 24 | 3.33× | 19.12× | ||
| Q3 24 | 0.18× | 19.54× | ||
| Q2 24 | 0.68× | 4.98× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NC
Segment breakdown not available.
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
