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Side-by-side financial comparison of NACCO INDUSTRIES INC (NC) and SolarMax Technology, Inc. (SMXT). Click either name above to swap in a different company.
NACCO INDUSTRIES INC is the larger business by last-quarter revenue ($62.8M vs $46.6M, roughly 1.3× SolarMax Technology, Inc.). NACCO INDUSTRIES INC runs the higher net margin — 14.1% vs -1.9%, a 15.9% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% 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...
SolarMax Technology, Inc. develops, manufactures and sells high-efficiency solar PV modules and clean energy systems. It serves residential, commercial and industrial clients in North America and key Asia-Pacific markets, offering installation and after-sales support to boost low-carbon energy use.
NC vs SMXT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.8M | $46.6M |
| Net Profit | $8.8M | $-872.2K |
| Gross Margin | 22.8% | 2.7% |
| Operating Margin | 17.5% | -2.7% |
| Net Margin | 14.1% | -1.9% |
| Revenue YoY | -4.3% | 623.5% |
| Net Profit YoY | 80.0% | 77.7% |
| EPS (diluted) | $1.17 | $-0.02 |
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 | $46.6M | ||
| Q3 25 | $76.6M | $30.6M | ||
| Q2 25 | $68.2M | $6.9M | ||
| Q1 25 | $65.6M | $6.9M | ||
| Q4 24 | $70.4M | $6.4M | ||
| Q3 24 | $61.7M | $6.3M | ||
| Q2 24 | $52.3M | — |
| Q1 26 | $8.8M | — | ||
| Q4 25 | $-3.8M | $-872.2K | ||
| Q3 25 | $13.3M | $-2.3M | ||
| Q2 25 | $3.3M | $-1.9M | ||
| Q1 25 | $4.9M | $-1.3M | ||
| Q4 24 | $7.6M | $-3.9M | ||
| Q3 24 | $15.6M | $-9.6M | ||
| Q2 24 | $6.0M | — |
| Q1 26 | 22.8% | — | ||
| Q4 25 | 18.0% | 2.7% | ||
| Q3 25 | 13.0% | 3.1% | ||
| Q2 25 | 10.0% | 8.8% | ||
| Q1 25 | 14.7% | 20.5% | ||
| Q4 24 | 12.0% | 14.5% | ||
| Q3 24 | 11.7% | 19.9% | ||
| Q2 24 | 13.4% | — |
| Q1 26 | 17.5% | — | ||
| Q4 25 | 11.3% | -2.7% | ||
| Q3 25 | 8.8% | -6.9% | ||
| Q2 25 | -0.1% | -25.7% | ||
| Q1 25 | 11.7% | -16.7% | ||
| Q4 24 | 5.5% | -27.9% | ||
| Q3 24 | 31.9% | -158.4% | ||
| Q2 24 | 14.1% | — |
| Q1 26 | 14.1% | — | ||
| Q4 25 | -5.8% | -1.9% | ||
| Q3 25 | 17.3% | -7.4% | ||
| Q2 25 | 4.8% | -27.6% | ||
| Q1 25 | 7.5% | -18.7% | ||
| Q4 24 | 10.7% | -60.6% | ||
| Q3 24 | 25.4% | -152.0% | ||
| Q2 24 | 11.4% | — |
| Q1 26 | $1.17 | — | ||
| Q4 25 | $-0.53 | $-0.02 | ||
| Q3 25 | $1.78 | $-0.04 | ||
| Q2 25 | $0.44 | $-0.04 | ||
| Q1 25 | $0.66 | $-0.03 | ||
| Q4 24 | $0.99 | $-0.07 | ||
| Q3 24 | $2.14 | $-0.21 | ||
| Q2 24 | $0.81 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $8.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $-12.2M |
| Total Assets | — | $91.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $49.7M | $8.0M | ||
| Q3 25 | $52.7M | $5.7M | ||
| Q2 25 | $49.4M | $1.9M | ||
| Q1 25 | $61.9M | $6.8M | ||
| Q4 24 | $72.8M | $7.1M | ||
| Q3 24 | $63.1M | $8.6M | ||
| Q2 24 | $62.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | $100.8M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $99.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $29.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $429.2M | $-12.2M | ||
| Q3 25 | $426.4M | $-11.8M | ||
| Q2 25 | $413.1M | $-15.1M | ||
| Q1 25 | $409.1M | $-15.9M | ||
| Q4 24 | $404.9M | $-15.1M | ||
| Q3 24 | $397.3M | $-10.9M | ||
| Q2 24 | $384.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | $661.2M | $91.3M | ||
| Q3 25 | $637.6M | $58.7M | ||
| Q2 25 | $631.3M | $38.2M | ||
| Q1 25 | $634.2M | $38.6M | ||
| Q4 24 | $631.7M | $38.6M | ||
| Q3 24 | $597.4M | $43.0M | ||
| Q2 24 | $560.1M | — |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-2.5M |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $11.4M | $-2.5M | ||
| Q3 25 | $42.3M | $3.4M | ||
| Q2 25 | $-7.8M | $220.7K | ||
| Q1 25 | $5.0M | $-601.1K | ||
| Q4 24 | $25.2M | $-1.3M | ||
| Q3 24 | $2.8M | $203.6K | ||
| Q2 24 | $4.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | — |
| 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.
Revenue Breakdown by Segment
NC
Segment breakdown not available.
SMXT
| Yabucoa | $35.9M | 77% |
| Other | $10.7M | 23% |
