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Side-by-side financial comparison of NACCO INDUSTRIES INC (NC) and STEM, INC. (STEM). Click either name above to swap in a different company.
NACCO INDUSTRIES INC is the larger business by last-quarter revenue ($66.8M vs $47.1M, roughly 1.4× STEM, INC.). NACCO INDUSTRIES INC runs the higher net margin — -5.8% vs -33.9%, a 28.1% gap on every dollar of revenue. On growth, NACCO INDUSTRIES INC posted the faster year-over-year revenue change (-5.2% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% CAGR vs 11.9%).
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...
StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.
NC vs STEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.8M | $47.1M |
| Net Profit | $-3.8M | $-16.0M |
| Gross Margin | 18.0% | 48.9% |
| Operating Margin | 11.3% | -17.7% |
| Net Margin | -5.8% | -33.9% |
| Revenue YoY | -5.2% | -15.6% |
| Net Profit YoY | -150.8% | 68.8% |
| EPS (diluted) | $-0.53 | $-4.40 |
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 | $66.8M | $47.1M | ||
| Q3 25 | $76.6M | $38.2M | ||
| Q2 25 | $68.2M | $38.4M | ||
| Q1 25 | $65.6M | $32.5M | ||
| Q4 24 | $70.4M | $55.8M | ||
| Q3 24 | $61.7M | $29.3M | ||
| Q2 24 | $52.3M | $34.0M | ||
| Q1 24 | $53.3M | $25.5M |
| Q4 25 | $-3.8M | $-16.0M | ||
| Q3 25 | $13.3M | $-23.8M | ||
| Q2 25 | $3.3M | $202.5M | ||
| Q1 25 | $4.9M | $-25.0M | ||
| Q4 24 | $7.6M | $-51.1M | ||
| Q3 24 | $15.6M | $-148.3M | ||
| Q2 24 | $6.0M | $-582.3M | ||
| Q1 24 | $4.6M | $-72.3M |
| Q4 25 | 18.0% | 48.9% | ||
| Q3 25 | 13.0% | 35.5% | ||
| Q2 25 | 10.0% | 33.4% | ||
| Q1 25 | 14.7% | 32.4% | ||
| Q4 24 | 12.0% | -4.4% | ||
| Q3 24 | 11.7% | 21.2% | ||
| Q2 24 | 13.4% | 27.6% | ||
| Q1 24 | 13.2% | -95.0% |
| Q4 25 | 11.3% | -17.7% | ||
| Q3 25 | 8.8% | -33.6% | ||
| Q2 25 | -0.1% | -34.8% | ||
| Q1 25 | 11.7% | -65.0% | ||
| Q4 24 | 5.5% | -84.4% | ||
| Q3 24 | 31.9% | -493.2% | ||
| Q2 24 | 14.1% | -1705.5% | ||
| Q1 24 | 8.9% | -267.0% |
| Q4 25 | -5.8% | -33.9% | ||
| Q3 25 | 17.3% | -62.2% | ||
| Q2 25 | 4.8% | 527.8% | ||
| Q1 25 | 7.5% | -76.9% | ||
| Q4 24 | 10.7% | -91.6% | ||
| Q3 24 | 25.4% | -506.3% | ||
| Q2 24 | 11.4% | -1712.6% | ||
| Q1 24 | 8.6% | -283.9% |
| Q4 25 | $-0.53 | $-4.40 | ||
| Q3 25 | $1.78 | $-2.84 | ||
| Q2 25 | $0.44 | $-1.79 | ||
| Q1 25 | $0.66 | $-0.15 | ||
| Q4 24 | $0.99 | $-15.29 | ||
| Q3 24 | $2.14 | $-18.24 | ||
| Q2 24 | $0.81 | $-71.81 | ||
| Q1 24 | $0.61 | $-0.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $49.7M | $48.9M |
| Total DebtLower is stronger | $100.8M | — |
| Stockholders' EquityBook value | $429.2M | $-249.4M |
| Total Assets | $661.2M | $308.9M |
| Debt / EquityLower = less leverage | 0.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.7M | $48.9M | ||
| Q3 25 | $52.7M | $43.1M | ||
| Q2 25 | $49.4M | $40.8M | ||
| Q1 25 | $61.9M | $58.6M | ||
| Q4 24 | $72.8M | $56.3M | ||
| Q3 24 | $63.1M | $75.4M | ||
| Q2 24 | $62.4M | $89.6M | ||
| Q1 24 | $61.8M | $112.8M |
| 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 | $429.2M | $-249.4M | ||
| Q3 25 | $426.4M | $-235.7M | ||
| Q2 25 | $413.1M | $-214.1M | ||
| Q1 25 | $409.1M | $-417.5M | ||
| Q4 24 | $404.9M | $-398.4M | ||
| Q3 24 | $397.3M | $-344.1M | ||
| Q2 24 | $384.1M | $-203.2M | ||
| Q1 24 | $381.6M | $371.6M |
| Q4 25 | $661.2M | $308.9M | ||
| Q3 25 | $637.6M | $362.6M | ||
| Q2 25 | $631.3M | $379.2M | ||
| Q1 25 | $634.2M | $405.1M | ||
| Q4 24 | $631.7M | $437.4M | ||
| Q3 24 | $597.4M | $537.8M | ||
| Q2 24 | $560.1M | $691.5M | ||
| Q1 24 | $538.0M | $1.3B |
| 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 | $11.4M | $8.2M |
| 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.
| Q4 25 | $11.4M | $8.2M | ||
| Q3 25 | $42.3M | $11.4M | ||
| Q2 25 | $-7.8M | $-21.3M | ||
| Q1 25 | $5.0M | $8.5M | ||
| Q4 24 | $25.2M | $-14.7M | ||
| Q3 24 | $2.8M | $-9.4M | ||
| Q2 24 | $4.1M | $-11.9M | ||
| Q1 24 | $-9.8M | $-621.0K |
| Q4 25 | — | — | ||
| Q3 25 | 3.19× | — | ||
| Q2 25 | -2.39× | -0.11× | ||
| 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
NC
| Transferred Over Time | $42.7M | 64% |
| Transferred At Point In Time | $24.1M | 36% |
STEM
Segment breakdown not available.
