NASDAQ : NWPX
NWPX Infrastructure, Inc. — Financial statements
Materials · Steel · United States
Last price 98 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 944.45M
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Financial statements
NWPX Infrastructure, Inc. (NWPX) reported revenue of 602.76M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 602.76M | 526.00M | 492.55M | 444.36M | 457.67M | 333.31M |
| Cost of Revenue | 476.79M | 422.37M | 397.14M | 366.71M | 371.81M | 289.06M |
| Gross Profit | 125.97M | 103.64M | 95.41M | 77.64M | 85.86M | 44.25M |
| Selling, General & Admin | 55.73M | 54.18M | 47.11M | 43.77M | 40.91M | 24.71M |
| Operating Expenses | 55.73M | 54.18M | 47.11M | 43.77M | 40.91M | 24.71M |
| Operating Income | 70.24M | 49.46M | 48.30M | 33.87M | 44.95M | 19.54M |
| Interest Expense | -1.46M | -2.61M | -5.66M | -4.86M | -3.57M | -1.20M |
| Interest & Investment Income | 181.00K | |||||
| Other Non Operating Income (Expenses) | 326.00K | -374.00K | -266.00K | 265.00K | -30.00K | 218.00K |
| EBT Excluding Unusual Items | 69.28M | 46.48M | 42.37M | 29.28M | 41.35M | 18.56M |
| Merger & Restructuring Charges | -500.00K | -3.40M | ||||
| Pretax Income | 68.78M | 46.48M | 42.37M | 29.28M | 41.35M | 15.16M |
| Income Tax Expense | 15.31M | 11.07M | 8.16M | 8.21M | 10.20M | 3.63M |
| Earnings From Continuing Operations | 53.48M | 35.41M | 34.21M | 21.07M | 31.15M | 11.52M |
| Net Income | 53.48M | 35.41M | 34.21M | 21.07M | 31.15M | 11.52M |
| Net Income to Common | 53.48M | 35.41M | 34.21M | 21.07M | 31.15M | 11.52M |
| Shares Outstanding (Basic) | 9.61M | 9.77M | 9.92M | 9.99M | 9.91M | 9.85M |
| Shares Outstanding (Diluted) | 9.82M | 9.94M | 10.07M | 10.08M | 10.01M | 9.93M |
| EPS (Basic) | 5.56 | 3.62 | 3.45 | 2.11 | 3.14 | 1.17 |
| EPS (Diluted) | 5.45 | 3.56 | 3.40 | 2.09 | 3.11 | 1.16 |
| Free Cash Flow | 86.83M | 47.11M | 34.25M | 35.16M | -5.29M | -19.07M |
| Free Cash Flow Per Share | 8.84 | 4.74 | 3.40 | 3.49 | -0.53 | -1.92 |
| Gross Margin | 20.90% | 19.70% | 19.37% | 17.47% | 18.76% | 13.28% |
| Operating Margin | 11.65% | 9.40% | 9.81% | 7.62% | 9.82% | 5.86% |
| Profit Margin | 8.87% | 6.73% | 6.94% | 4.74% | 6.81% | 3.46% |
| Free Cash Flow Margin | 14.41% | 8.96% | 6.95% | 7.91% | -1.16% | -5.72% |
| EBITDA | 91.86M | 68.90M | 67.37M | 49.67M | 62.05M | 33.17M |
| EBITDA Margin | 15.24% | 13.10% | 13.68% | 11.18% | 13.56% | 9.95% |
| D&A For EBITDA | 21.62M | 19.44M | 19.07M | 15.81M | 17.10M | 13.62M |
| EBIT | 70.24M | 49.46M | 48.30M | 33.87M | 44.95M | 19.54M |
| EBIT Margin | 11.65% | 9.40% | 9.81% | 7.62% | 9.82% | 5.86% |
| Effective Tax Rate | 22.25% | 23.81% | 19.27% | 28.03% | 24.67% | 23.98% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.06M | 2.27M | 5.01M | 4.07M | 3.68M | 3.00M |
| Trading Asset Securities | 51.00K | 326.00K | 862.00K | |||
| Cash & Short-Term Investments | 6.11M | 2.27M | 5.01M | 4.39M | 4.54M | 3.00M |
| Accounts Receivable | 218.68M | 169.21M | 170.37M | 168.16M | 193.34M | 159.83M |
| Receivables | 218.68M | 169.21M | 170.37M | 168.16M | 193.34M | 159.83M |
| Inventory | 89.32M | 74.29M | 79.77M | 91.23M | 71.03M | 59.65M |
| Prepaid Expenses | 2.85M | 5.67M | 7.20M | 8.66M | 9.10M | 5.73M |
| Other Current Assets | 181.00K | 143.00K | 42.00K | 728.00K | 17.00K | |
| Total Current Assets | 317.13M | 251.43M | 262.49M | 272.48M | 278.74M | 228.23M |
| Property, Plant & Equipment | 254.54M | 244.40M | 238.20M | 232.11M | 226.29M | 219.77M |
| Goodwill | 83.31M | 55.50M | 55.50M | 55.50M | 55.50M | 53.68M |
| Other Intangible Assets | 34.42M | 23.01M | 27.04M | 31.07M | 35.26M | 39.38M |
| Long-Term Deferred Tax Assets | 111.00K | 205.00K | 370.00K | 394.00K | 384.00K | |
| Other Long-Term Assets | 5.17M | 5.17M | 6.21M | 6.34M | 5.15M | 6.24M |
| Total Assets | 694.58M | 579.63M | 589.65M | 597.88M | 601.34M | 547.68M |
| Accounts Payable | 41.09M | 22.19M | 27.78M | 31.14M | 26.97M | 32.27M |
| Accrued Expenses | 29.23M | 25.37M | 28.08M | 27.80M | 30.88M | 19.14M |
| Short-Term Debt | 10.76M | 10.76M | ||||
| Current Portion of Long-Term Debt | 2.99M | 2.99M | 3.08M | |||
| Current Portion of Leases | 5.67M | 6.92M | 4.99M | 4.93M | 4.70M | 9.41M |
| Current Unearned Revenue | 44.65M | 8.79M | 11.20M | 21.45M | 17.46M | 2.62M |
| Other Current Liabilities | 94.00K | 277.00K | 6.00K | 115.00K | 80.00K | 661.00K |
| Total Current Liabilities | 123.73M | 66.55M | 75.13M | 96.19M | 90.84M | 64.09M |
| Long-Term Debt | 24.75M | 8.76M | 36.15M | 54.48M | 83.70M | 86.76M |
| Long-Term Leases | 93.04M | 91.25M | 92.57M | 92.76M | 89.47M | 183.20M |
| Pension & Post-Retirement Benefits | 1.00M | |||||
| Long-Term Deferred Tax Liabilities | 12.39M | 12.48M | 8.30M | 10.94M | 11.40M | 10.98M |
| Other Long-Term Liabilities | 3.39M | 5.81M | 3.50M | 3.14M | 7.66M | -81.74M |
| Total Liabilities | 257.29M | 184.85M | 215.65M | 257.52M | 283.07M | 264.30M |
| Common Stock | 96.00K | 96.00K | 99.00K | 100.00K | 99.00K | 99.00K |
| Additional Paid-In Capital | 110.66M | 113.09M | 128.41M | 129.09M | 127.91M | 125.06M |
| Retained Earnings | 326.34M | 281.74M | 246.33M | 212.12M | 191.05M | 159.90M |
| Comprehensive Income & Other | 184.00K | -143.00K | -834.00K | -960.00K | -789.00K | -1.68M |
| Shareholders' Equity | 437.28M | 394.78M | 374.00M | 340.36M | 318.27M | 283.38M |
| Total Liabilities & Equity | 694.58M | 579.63M | 589.65M | 597.88M | 601.34M | 547.68M |
| Total Debt | 126.45M | 109.92M | 136.79M | 162.94M | 188.63M | 279.36M |
| Net Cash (Debt) | -120.34M | -107.65M | -131.78M | -158.54M | -184.08M | -276.37M |
| Net Cash Per Share | -12.26 | -10.83 | -13.09 | -15.73 | -18.39 | -27.84 |
| Filing Date Shares Outstanding | 9.63M | 9.57M | 9.94M | 9.89M | 9.94M | 9.88M |
| Total Common Shares Outstanding | 9.63M | 9.59M | 9.92M | 9.99M | 9.93M | 9.87M |
| Working Capital | 193.40M | 184.88M | 187.35M | 176.29M | 187.90M | 164.13M |
| Book Value Per Share | 45.41 | 41.17 | 37.71 | 34.09 | 32.06 | 28.71 |
| Tangible Book Value | 319.55M | 316.27M | 291.46M | 253.78M | 227.51M | 190.32M |
| Tangible Book Value Per Share | 33.18 | 32.99 | 29.38 | 25.41 | 22.92 | 19.28 |
| Land | 26.36M | 25.63M | 25.06M | 23.98M | 22.91M | |
| Buildings | 64.17M | 55.90M | 54.04M | 51.39M | 49.36M | |
| Machinery | 196.51M | 163.19M | 155.28M | 149.97M | 140.01M | |
| Construction In Progress | 8.60M | 32.67M | 24.23M | 18.65M | 10.04M | |
| Leasehold Improvements | 4.42M | 3.45M | 3.18M | 3.18M | 3.06M | |
| Order Backlog | 403.00M | 371.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 53.48M | 35.41M | 34.21M | 21.07M | 31.15M | 11.52M |
| Depreciation & Amortization | 21.62M | 19.44M | 19.07M | 15.81M | 17.10M | 13.62M |
| Stock-Based Compensation | 6.97M | 5.56M | 5.06M | 3.67M | 3.70M | 3.22M |
| Other Operating Activities | 11.61M | 13.39M | 2.10M | 6.83M | 228.00K | 373.00K |
| Change in Accounts Receivable | 19.07M | -2.39M | -13.13M | 29.03M | -19.12M | -33.36M |
| Change in Inventory | -11.71M | 5.48M | 11.46M | -20.20M | -11.38M | -17.65M |
| Change in Accounts Payable | 12.91M | -6.04M | -3.45M | 4.70M | -5.83M | 16.78M |
| Change in Other Net Operating Assets | -7.20M | -3.57M | -268.00K | -7.46M | 1.68M | -320.00K |
| Operating Cash Flow | 106.75M | 67.28M | 55.05M | 53.45M | 17.54M | -5.81M |
| Capital Expenditures | -19.92M | -20.18M | -20.80M | -18.29M | -22.83M | -13.26M |
| Cash Acquisitions | -58.55M | -2.73M | -87.22M | |||
| Sale (Purchase) of Intangibles | -327.00K | |||||
| Other Investing Activities | 84.00K | 31.00K | 63.00K | 650.00K | 106.00K | 325.00K |
| Investing Cash Flow | -78.39M | -20.15M | -20.74M | -20.37M | -23.05M | -100.15M |
| Long-Term Debt Issued | 155.77M | 175.57M | 155.40M | 188.39M | 122.27M | |
| Total Debt Issued | 54.08M | 155.77M | 175.57M | 155.40M | 188.39M | 122.27M |
| Short-Term Debt Repaid | -13.76M | |||||
| Long-Term Debt Repaid | -184.83M | -203.06M | -185.44M | -181.30M | -35.93M | |
| Total Debt Repaid | -68.39M | -184.83M | -203.06M | -185.44M | -181.30M | -49.69M |
| Net Debt Issued (Repaid) | -14.32M | -29.06M | -27.48M | -30.04M | 7.09M | 72.58M |
| Repurchase of Common Stock | -10.63M | -20.66M | -5.88M | -2.36M | -853.00K | -1.17M |
| Other Financing Activities | -26.00K | -146.00K | -15.00K | -300.00K | -47.00K | -385.00K |
| Financing Cash Flow | -24.97M | -49.87M | -33.38M | -32.70M | 6.19M | 71.03M |
| Net Cash Flow | 3.39M | -2.73M | 939.00K | 387.00K | 684.00K | -34.93M |
| Free Cash Flow | 86.83M | 47.11M | 34.25M | 35.16M | -5.29M | -19.07M |
| Free Cash Flow Margin | 14.41% | 8.96% | 6.95% | 7.91% | -1.16% | -5.72% |
| Free Cash Flow Per Share | 8.84 | 4.74 | 3.40 | 3.49 | -0.53 | -1.92 |
| Levered Free Cash Flow | 61.48M | 32.00M | 27.15M | 30.55M | -4.76M | -37.09M |
| Unlevered Free Cash Flow | 62.40M | 33.63M | 30.69M | 33.59M | -2.53M | -36.34M |
| Cash Interest Paid | 2.47M | 2.47M | 5.88M | 4.66M | 3.17M | 339.00K |
| Cash Income Tax Paid | 9.84M | 9.84M | 9.02M | 5.91M | 13.77M | 2.48M |
| Change in Working Capital | 13.07M | -6.52M | -5.38M | 6.07M | -34.64M | -34.55M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 951.73M | 600.51M | 478.68M | 303.03M | 334.55M | 313.88M |
| Enterprise Value | 1.07B | 736.58M | 638.08M | 464.27M | 502.97M | 347.55M |
| Last Close Price | 97.81 | 62.49 | 48.26 | 30.26 | 33.70 | 31.80 |
| PE Ratio | 18.14 | 16.96 | 13.99 | 14.38 | 10.74 | 27.24 |
| Forward PE | 20.27 | 16.73 | 13.80 | 14.10 | 10.21 | 13.86 |
| PS Ratio | 1.56 | 1.14 | 0.97 | 0.68 | 0.73 | 0.94 |
| PB Ratio | 2.15 | 1.52 | 1.28 | 0.89 | 1.05 | 1.11 |
| P/TBV Ratio | 2.95 | 1.90 | 1.64 | 1.19 | 1.47 | 1.65 |
| P/FCF Ratio | 10.85 | 12.75 | 13.97 | 8.62 | ||
| P/OCF Ratio | 8.82 | 8.93 | 8.70 | 5.67 | 19.07 | |
| PEG Ratio | 1.81 | 1.52 | 2.76 | 2.82 | 1.58 | 1.58 |
| EV/Sales Ratio | 1.76 | 1.40 | 1.29 | 1.04 | 1.10 | 1.04 |
| EV/EBITDA Ratio | 11.56 | 10.69 | 9.47 | 9.35 | 8.11 | 10.48 |
| EV/EBIT Ratio | 15.12 | 14.89 | 13.21 | 13.71 | 11.19 | 17.79 |
| EV/FCF Ratio | 12.23 | 15.64 | 18.63 | 13.20 | ||
| Debt / Equity Ratio | 0.29 | 0.28 | 0.37 | 0.48 | 0.59 | 0.99 |
| Debt / EBITDA Ratio | 1.22 | 1.37 | 1.77 | 2.75 | 2.65 | 7.17 |
| Debt / FCF Ratio | 1.46 | 2.33 | 3.99 | 4.63 | ||
| Net Debt / Equity Ratio | 0.28 | 0.27 | 0.35 | 0.47 | 0.58 | 0.97 |
| Net Debt / EBITDA Ratio | 1.31 | 1.56 | 1.96 | 3.19 | 2.97 | 8.33 |
| Net Debt / FCF Ratio | 1.39 | 2.29 | 3.85 | 4.51 | -34.80 | -14.49 |
| Asset Turnover | 0.93 | 0.90 | 0.83 | 0.74 | 0.80 | 0.72 |
| Inventory Turnover | 5.82 | 5.48 | 4.64 | 4.52 | 5.69 | 6.51 |
| Quick Ratio | 1.82 | 2.58 | 2.33 | 1.79 | 2.18 | 2.54 |
| Current Ratio | 2.56 | 3.78 | 3.49 | 2.83 | 3.07 | 3.56 |
| Return on Equity (ROE) | 12.99% | 9.21% | 9.58% | 6.40% | 10.35% | 4.17% |
| Return on Assets (ROA) | 6.75% | 5.29% | 5.08% | 3.53% | 4.89% | 2.65% |
| Return on Invested Capital (ROIC) | 10.26% | 7.47% | 7.76% | 4.87% | 6.38% | 3.55% |
| Return on Capital Employed (ROCE) | 12.30% | 9.60% | 9.40% | 6.80% | 8.80% | 4.00% |
| Earnings Yield | 5.51% | 5.90% | 7.15% | 6.95% | 9.31% | 3.67% |
| FCF Yield | 9.22% | 7.84% | 7.16% | 11.60% | -1.58% | -6.08% |
| Buyback Yield / Dilution | 1.93% | 1.28% | 0.15% | -0.69% | -0.85% | -0.56% |