NWPX Infrastructure, Inc. (NWPX) Stock Analysis
Basic Materials · Steel · NasdaqGS
NWPX Infrastructure, Inc. (NWPX) posted $526.00M in revenue for fiscal 2025 (up 6.8% year over year), at a 6.7% net margin, and has compounded revenue about 13.0%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on NWPX Infrastructure, Inc.
NWPX Infrastructure, Inc. has grown revenue from $149.39M to $526.00M over the last 10 fiscal years, compounding about 13% a year. The most recent year was up 6.8%, so growth has cooled from its longer-run pace.
Net margin sits at 6.7% on a 19.7% gross margin. It carries about $11.75M of total debt.
At today's valuation the market is pricing in roughly 10.9% annual free-cash-flow growth — versus the 2.3% it actually delivered over the last five years, so the price already assumes a step-up from the recent record.
Synthesised from NWPX Infrastructure, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
NWPX Infrastructure, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $149.39M | $132.78M | $172.15M | $279.32M | $285.91M | $333.31M | $457.67M | $444.36M | $492.55M | $526.00M |
| Gross profit | $64,000 | $5.82M | $12.10M | $47.18M | $50.52M | $44.25M | $85.86M | $77.64M | $95.41M | $103.64M |
| Net income | $-9.26M | $-10.16M | $20.31M | $27.90M | $19.05M | $11.52M | $31.15M | $21.07M | $34.21M | $35.41M |
| Net margin | -6.2% | -7.7% | 11.8% | 10.0% | 6.7% | 3.5% | 6.8% | 4.7% | 6.9% | 6.7% |
Source: NWPX Infrastructure, Inc. SEC filings (10-K). 17 years of history available in the interactive view.
NWPX Infrastructure, Inc.: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
What growth is priced into NWPX stock?
At today's market cap of $1.19B, NWPX Infrastructure, Inc. is priced for free-cash-flow growth of about 10.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $47.11M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 2.3%/yr over the last five fiscal years and revenue 13%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of NWPX Infrastructure, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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NWPX Infrastructure, Inc. financial history by metric
About NWPX Infrastructure, Inc.
NWPX Infrastructure, Inc., together with its subsidiaries, manufactures and sells water-related infrastructure products in the United States and Canada. It operates through two segments, Water Transmission Systems (WTS); and Precast Infrastructure and Engineered Systems (Precast). The WTS segment manufactures large-diameter, high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications. The Precast segment offers stormwater and wastewater technology products, precast, and reinforced concrete products, including reinforced concrete pipe, manholes, box culverts, vaults and catch basins, pump lift stations, oil water separators, biofiltration units, and other environmental and engineered solutions. It provides its products under the NWPX Geneva and NWPX Park brand names; and manufactures engineered water transmission systems and produces steel casing pipe, bar-wrapped concrete cylinder pipe, and pipeline system joints and fittings under the Northwest Pipe Company brand. In addition, the company provides solution-based products for various markets, including reinforced precast concrete products, lined precast sanitary sewer system structures, water distribution and management equipment including pump lift stations, wastewater pretreatment, and stormwater quality products. Further, it sells water infrastructure products to installation contractors. The company was formerly known as Northwest Pipe Company and changed its name to NWPX Infrastructure, Inc. in June 2025. NWPX Infrastructure, Inc. was incorporated in 1966 and is headquartered in Vancouver, Washington.
NWPX Infrastructure, Inc. — frequently asked questions
What is NWPX Infrastructure, Inc.'s revenue?
NWPX Infrastructure, Inc. (NWPX) reported revenue of $526.00M for fiscal year 2025, up 6.8% from the prior year, according to its SEC filings.
Is NWPX Infrastructure, Inc. profitable?
Yes. NWPX earned net income of $35.41M in fiscal 2025, a net margin of 6.7%.
What is NWPX's P/E ratio?
NWPX Infrastructure, Inc. trades at a price-to-earnings ratio of about 29.1 based on the latest data in our nightly-refreshed cache.
How fast is NWPX Infrastructure, Inc. growing?
NWPX's revenue grew at roughly 13.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does NWPX Infrastructure, Inc. have?
As of fiscal year 2025, NWPX carried roughly $11.75M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is NWPX Infrastructure, Inc.'s gross margin?
NWPX's gross margin was 19.7% in fiscal 2025 — gross profit of $103.64M on revenue of $526.00M.
What is NWPX Infrastructure, Inc.'s market cap?
NWPX Infrastructure, Inc. (NWPX) has a market capitalization of about $1.19B, based on the latest data in our nightly-refreshed cache.
When does NWPX Infrastructure, Inc.'s fiscal year end?
NWPX's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into NWPX stock?
At today's market cap of $1.19B, NWPX Infrastructure, Inc. is priced for free-cash-flow growth of about 10.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $47.11M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 2.3%/yr over the last five fiscal years and revenue 13%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from NWPX Infrastructure, Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.