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Stock research / United States / NWPX · Steel Pipe & Tubes · Nasdaq

Nwpx Infrastructure, Inc. (NWPX)

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Nwpx Infrastructure, Inc. (NWPX) reported revenue of $179 million for Q3 FY2026, the quarter ended 30 September 2026, up 18.7% on the same quarter a year earlier. Net income was $18 million, up 35.0% on the year, and diluted earnings per share $1.86. The figures are the company's own, from the 10-Q it filed with the SEC on 29 October 2026.

Revenue$179 millionup 18.7%
Net income$18 millionup 35.0%
Diluted EPS$1.86
QuarterQ3 FY2026ended 30 September 2026

Nwpx Infrastructure (NWPX) in brief

Nwpx Infrastructure (NWPX) reported revenue of $526 million for fiscal 2025, the year ended 31 December 2025, up 6.8% on the year before.
Read moreNet income was $35 million and diluted earnings per share $3.56. Revenue was $493 million in fiscal 2024, $444 million in fiscal 2023, $458 million in fiscal 2022 and $333 million in fiscal 2021. Net income in the same years was $34 million, $21 million, $31 million and $12 million. Over the twelve months to 30 September 2026, Nwpx Infrastructure reported revenue of $603 million and net income of $53 million. Revenue grew 13.0% a year, compounded, over the five years to fiscal 2025. Nwpx Infrastructure had 10 million shares outstanding at the latest filed count. At 30 September 2026 it carried $28 million of debt and $6 million of cash. At the close of 29 October 2026 the market cap of Nwpx Infrastructure was $940 million, 17.9 times its earnings over the last twelve months.

Ratios

From the filings

ROE12.2%
ROCE15.3%
Operating margin11.8%
Net margin8.9%
FCF margin14.4%
Interest cover48.63
Debt to equity0.06
Cash conversion2.00
Share count, last 12 months-0.0%
Sales CAGR, 3 years4.7%
Profit CAGR, 3 years4.4%
EPS, TTM$5.47

At the close of 29 October 2026

Price$97.64
Market cap$940 million
Stock P/E17.85
Price to book2.15
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales1.56
52-week high$149.94
52-week low$53.85
Price, 1 year75.4%
Price CAGR, 3 years52.2%
Price CAGR, 5 years32.7%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Nwpx Infrastructure, Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
NWPXgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on NWPX

Dividendsno dividend in its filings for fiscal 2009 onward
Filings16 in twelve months: 9 current reports (8-K), about 4 results of operations; 3 officer or director change; 2 other events; 1 shareholder vote; 1 regulation FD disclosure
Planned insider sales23 Form 144 notices in twelve months, $10.5 million; latest 5 October 2026
Options tapeput/call 0.04 by open interest at the 29 October 2026 close; the straddle prices a 8.2% move to 20 November 2026
13F holders228 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading43 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest726,749 shares short, 6.67 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q4 FY2021Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue10310911912310799.1116119110113130130120116133151126138159179
Cost of revenue89.094.594.497.985.082.593.999.490.993.110410397.296.810811998.9112125141
Gross profit13.614.824.125.121.916.622.519.319.320.125.827.022.419.425.432.126.826.734.438.2
Gross margin13%14%20%20%20%17%19%16%18%18%20%21%19%17%19%21%21%19%22%21%
SG&A10.59.410.110.710.911.911.010.210.711.412.211.611.913.812.113.113.714.013.213.9
Operating income3.15.414.014.511.04.711.59.18.68.713.615.410.55.613.219.013.012.721.224.3
Operating margin3%5%12%12%10%5%10%8%8%8%11%12%9%5%10%13%10%9%13%14%
Interest expense0.50.60.91.01.21.41.21.21.11.51.81.50.90.60.80.80.40.30.30.4
Pre-tax income2.64.913.113.59.93.310.17.88.07.211.613.99.74.912.518.210.812.521.524.0
Tax rate14%27%26%26%19%29%27%26%32%27%25%26%-5%20%27%26%18%16%26%24%
Net income2.33.69.710.08.02.47.45.85.45.28.610.310.14.09.113.58.910.515.818.2
Net margin2%3%8%8%7%2%6%5%5%5%7%8%8%3%7%9%7%8%10%10%
Diluted EPS$0.23$0.36$0.97$0.99$0.79$0.23$0.74$0.58$0.54$0.52$0.86$1.02$1.00$0.39$0.91$1.38$0.91$1.08$1.62$1.86
Operating cash flow7.81.68.515.3-8.026.31.216.99.0-26.122.322.736.14.85.421.036.029.314.127.4
Capital expenditure5.14.44.03.311.04.44.04.85.04.66.16.04.23.73.57.85.23.54.27.0
Free cash flow2.7-2.84.512.0-19.021.9-2.812.14.0-30.716.216.831.91.21.913.230.825.89.920.4
Buybacksn/an/an/an/an/a0.00.00.00.73.90.60.00.00.07.58.22.62.40.31.2
Shares outstanding10m10m10m10m10m10m10m10m10m10m10m10m10m10m10m10m10m10m10m10m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 17 fiscal years and the trailing twelve months

FY2009FY2010 †FY2011 †FY2012 †FY2013 †FY2014FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue279387512389359403173149133172279286333458444493526603
Cost of revenue272357453330299363173150127160232235289372367397422477
Gross profit6.729.759.159.160.240.60.60.15.812.147.250.544.385.977.695.4104126
Gross margin2.4%7.7%11.6%15.2%16.8%10.1%0.3%0.0%4.4%7.0%16.9%17.7%13.3%18.8%17.5%19.4%19.7%20.9%
Selling, general and administrative21.029.126.327.822.724.320.416.914.116.718.525.028.241.043.847.252.854.8
Operating income-14.30.632.831.337.50.2-25.1-10.0-9.2-3.028.725.616.044.833.948.250.971.1
Operating margin-5.1%0.2%6.4%8.0%10.4%0.0%-14.5%-6.7%-6.9%-1.7%10.3%8.9%4.8%9.8%7.6%9.8%9.7%11.8%
Interest expense5.18.99.35.23.62.31.30.50.50.60.50.91.23.64.95.72.61.5
Pre-tax income-16.8-7.122.325.934.0-1.5-26.3-10.8-9.517.132.625.615.241.429.342.446.568.8
Income tax-5.7-1.69.68.412.44.7-8.5-4.1-1.1-3.34.76.63.610.28.28.211.115.3
Effective tax raten/an/a43.2%32.4%36.3%n/an/an/an/a-19.1%14.5%25.7%24.0%24.7%28.0%19.3%23.8%22.3%
Net income-11.1-5.412.716.2-0.9-17.9-29.4-9.3-10.220.327.919.111.531.121.134.235.453.5
Net margin-4.0%-1.4%2.5%4.2%-0.3%-4.4%-17.0%-6.2%-7.7%11.8%10.0%6.7%3.5%6.8%4.7%6.9%6.7%8.9%
Diluted EPS-$1.20-$0.59$1.35$1.72-$0.10-$1.88-$3.07-$0.97-$1.06$2.09$2.85$1.93$1.16$3.11$2.09$3.40$3.56$5.47
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Water Transmission Systems29633835166.7%
Precast Infrastructure and Engineered Systems14815517533.3%
Water Transmission SystemsPrecast Infrastructure and Engineered Systems
444FY2023493FY2024526FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
United States42147548892.7%
Canada23.417.438.47.3%
United StatesCanada
444FY2023493FY2024526FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2009FY2010 †FY2011 †FY2012 †FY2013 †FY2014FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow77.1-21.312.344.520.135.055.21.5-7.5-18.442.956.1-5.817.553.555.167.3107
Capital expenditure21.318.616.316.828.414.36.82.32.93.88.614.013.322.818.320.820.219.9
Free cash flow55.8-39.9-4.127.7-8.420.848.4-0.8-10.4-22.234.342.1-19.1-5.335.234.347.186.8
Free cash flow margin20.0%-10.3%-0.8%7.1%-2.3%5.1%27.9%-0.5%-7.8%-12.9%12.3%14.7%-5.7%-1.2%7.9%7.0%9.0%14.4%
Cash from investing-20.6-18.50.9-19.3-48.315.53.111.729.8-27.9-6.4-61.4-100-23.1-20.4-20.7-20.1-78.4
Cash from financing-56.639.9-13.1-25.328.7-50.6-48.5-1.7-0.59.3-12.112.371.06.2-32.7-33.4-49.9-25.0
Depreciation and amortisation11.013.714.516.313.314.19.610.06.69.312.714.613.617.115.8n/an/an/a
Share-based compensation0.80.81.53.03.12.91.71.81.20.31.73.13.23.73.75.15.67.0
Buybacksn/an/an/an/an/an/an/an/an/an/an/an/a0.00.00.74.418.46.6
Diluted shares, weighted9m9m9m9m9m10m10m10m10m10m10m10m10m10m10m10m10m10m
Shares outstanding at period endn/a9m9m9m9m10m10m10m10m10m10m10m10m10m10m10m10m10m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2009FY2010 †FY2011 †FY2012 †FY2013 †FY2014FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity231226240259262246218209200219248270283318340374395437
Debtn/a23.517.812.16.4n/an/an/an/an/a0.013.686.894.565.239.111.527.7
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/a6.227.993.789.585.385.786.286.2
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/a1.4n/an/an/a5.15.0n/a
Other liabilitiesn/a16515515116510641.832.330.152.855.860.583.899.110785.782.1143
Total liabilities and equityn/a415413422433352259242230271310373548601598590580695
Owned
Fixed assetsn/a15415315314313313281.778.810399.6110121133144150158168
Goodwilln/a21.520.520.525.85.30.0n/an/an/a0.023.053.755.555.555.555.583.3
Intangible assetsn/an/an/an/a4.03.42.92.41.91.61.210.539.435.331.127.023.034.4
Cash and equivalents0.00.10.20.00.60.510.321.843.66.731.037.93.03.74.15.02.36.1
Receivablesn/a66.569.941.572.558.327.625.629.034.438.042.752.771.647.666.978.2116
Inventoryn/a80.910711411072.829.518.617.139.430.729.259.771.091.279.874.389.3
Other assetsn/a91.762.894.377.278.957.391.560.085.9110120218231224205189198
Total assetsn/a415413422433352259242230271310373548601598590580695
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded11.8%13.0%4.7%15.9%
Profit growth, compoundedn/a13.2%4.4%46.0%
Return on equity, average5.6%7.6%8.1%9.0%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Nwpx Infrastructure's revenue in fiscal 2025?

Nwpx Infrastructure (NWPX) reported revenue of $526 million for fiscal 2025, the year ended 31 December 2025, up 6.8% on the year before.

How much did Nwpx Infrastructure earn in fiscal 2025?

Net income was $35 million for fiscal 2025, and diluted earnings per share $3.56.

What is Nwpx Infrastructure's P/E ratio?

At the close of 29 October 2026, Nwpx Infrastructure traded at 17.9 times its earnings over the twelve months to 30 September 2026.

What is Nwpx Infrastructure's market cap?

The market cap of Nwpx Infrastructure was $940 million at the close of 29 October 2026.

How much debt does Nwpx Infrastructure have?

At 30 September 2026 Nwpx Infrastructure carried $28 million of debt and $6 million of cash.

Peers: Steel Works Etc

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
ATI Inc. ATI$23.7 billion43.7027.7%16.5%9.4%0.93n/a
Constellium SE CSTM$3.2 billion5.8743.0%n/a26.1%1.36n/a
Worthington Enterprises, Inc. WOR$3.2 billion19.4015.6%5.6%18.4%0.291.2%
Worthington Steel, Inc. WS$2.1 billionn/a-3.7%0.1%69.1%2.131.5%
Kaiser Aluminum Corp. KALU$2.0 billionn/an/a7.7%40.4%1.062.6%
Gibraltar Industries, Inc. ROCK$1.4 billionn/an/an/an/a1.37n/a
Quanex Building Products Corp. NX$950 million20.946.1%6.0%1.3%0.891.5%
Nwpx Infrastructure, Inc. NWPX$940 million17.8512.2%11.8%15.9%0.06n/a
SunCoke Energy, Inc. SXC$936 millionn/a-9.2%-1.3%2.9%1.00n/a
Metallus Inc. MTUS$887 million112.681.2%n/a16.1%0.00n/a
Matthews International Corp. MATW$604 millionn/a-6.0%6.3%-31.8%1.175.3%
Insteel Industries Inc. IIIN$560 million19.047.8%n/a14.2%0.003.9%
All 23 in Steel Works Etc
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Corning Inc. GLW$111.0 billion52.1815.7%16.5%18.8%0.600.9%
Howmet Aerospace Inc. HWM$81.9 billion40.2835.6%28.1%22.0%0.770.2%
Nucor Corp. NUE$62.4 billion21.9313.0%n/a17.2%0.320.8%
Steel Dynamics Inc. STLD$36.1 billion18.7219.9%11.5%26.0%0.430.8%
ATI Inc. ATI$23.7 billion43.7027.7%16.5%9.4%0.93n/a
POSCO Holdings Inc. PKX *$15.4 billion29.561.2%2.1%-6.1%0.514.2%
Carpenter Technology Corp. CRS$14.8 billion26.3426.1%23.4%10.2%0.320.3%
Mueller Industries Inc. MLI$12.2 billion14.3124.6%21.5%20.8%0.001.2%
Alcoa Corp. AA$10.5 billion6.8918.5%n/a11.2%0.581.0%
Commercial Metals Co. CMC$7.2 billion11.1914.0%7.6%20.5%0.681.2%
Belden Inc. BDC$4.2 billion24.1612.7%9.0%17.7%2.190.2%
Century Aluminum Co. CENX$3.4 billion5.9843.0%n/a9.7%0.34n/a
Constellium SE CSTM$3.2 billion5.8743.0%n/a26.1%1.36n/a
Worthington Enterprises, Inc. WOR$3.2 billion19.4015.6%5.6%18.4%0.291.2%
Worthington Steel, Inc. WS$2.1 billionn/a-3.7%0.1%69.1%2.131.5%
Kaiser Aluminum Corp. KALU$2.0 billionn/an/a7.7%40.4%1.062.6%
Gibraltar Industries, Inc. ROCK$1.4 billionn/an/an/an/a1.37n/a
Quanex Building Products Corp. NX$950 million20.946.1%6.0%1.3%0.891.5%
Nwpx Infrastructure, Inc. NWPX$940 million17.8512.2%11.8%15.9%0.06n/a
SunCoke Energy, Inc. SXC$936 millionn/a-9.2%-1.3%2.9%1.00n/a
Metallus Inc. MTUS$887 million112.681.2%n/a16.1%0.00n/a
Matthews International Corp. MATW$604 millionn/a-6.0%6.3%-31.8%1.175.3%
Insteel Industries Inc. IIIN$560 million19.047.8%n/a14.2%0.003.9%
1 company shares its SEC industry code (Steel Pipe & Tubes); the rest are the names nearest in size in its wider industry, Steel Works Etc, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 September 202629 October 2026EDGAR
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q30 September 202530 October 2025EDGAR
10-Q30 June 20258 August 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202427 February 2025EDGAR
10-Q30 September 202431 October 2024EDGAR
10-Q30 June 20241 August 2024EDGAR