NWPX Infrastructure, Inc. (NWPX) 10-Year Financial Performance & Capital Metrics

NWPX • • Industrial / General

IndustrialsMetal FabricationConstruction & Infrastructure ProductsWater Infrastructure Products

AboutNWPX Infrastructure, Inc., together with its subsidiaries, engages in the manufacture and sale of water-related infrastructure products in North America and Canada. It operates through two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment provides large-diameter and 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. In addition, this segment makes products for industrial plant piping systems and certain structural 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, steel casing pipes, and bar-wrapped concrete cylinder pipes, as well as pipeline system joints, fittings, specialized components, and other environmental and engineered solutions. The company sells its water infrastructure products under the ParkUSA, Geneva Pipe and Precast, Permalok, and Northwest Pipe Company brands primarily 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.Show more

Revenue $493M +10.8%
EBITDA $67M +35.5%
Net Income $34M +62.3%
EPS (Diluted) 3.40 +62.7%
Gross Margin 19.37% +10.9%
EBITDA Margin 13.67% +22.3%
Operating Margin 9.79% +28.5%
Net Margin 6.94% +46.4%
ROE 9.58% +49.7%
ROIC 7.2% +42.1%
Debt/Equity 0.37 -23.6%
Interest Coverage 8.52 +22.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 9/9
✓Momentum leader: RS Rating 86 (top 14%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 12.0%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.02%

5Y12.01%

3Y13.9%

TTM7.64%

Profit (Net Income) CAGR

10Y-

5Y4.16%

3Y43.72%

TTM23.94%

EPS CAGR

10Y-

5Y3.59%

3Y43.11%

TTM24.49%

ROCE

10Y Avg-1.65%

5Y Avg4.12%

3Y Avg8.4%

Latest9.49%

Peer Comparison

Water Infrastructure Products

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NWPXNWPX Infrastructure, Inc.	665.66M	69.27	20.37	10.85%	7.04%	9.48%	5.15%	0.37

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	236.61M	156.26M	132.78M	172.15M	279.32M	285.91M	333.31M	457.67M	444.36M	492.55M
Revenue Growth %	-0.41%	-0.34%	-0.15%	0.3%	0.62%	0.02%	0.17%	0.37%	-0.03%	0.11%
Cost of Goods Sold+	249.23M	159.48M	126.96M	160.05M	232.13M	235.39M	289.06M	371.81M	366.71M	397.14M
COGS % of Revenue	1.05%	1.02%	0.96%	0.93%	0.83%	0.82%	0.87%	0.81%	0.83%	0.81%
Gross Profit+	-12.63M	-3.23M	5.82M	12.1M	47.18M	50.52M	44.25M	85.86M	77.64M	95.41M
Gross Margin %	-0.05%	-0.02%	0.04%	0.07%	0.17%	0.18%	0.13%	0.19%	0.17%	0.19%
Gross Profit Growth %	-1.31%	0.74%	2.81%	1.08%	2.9%	0.07%	-0.12%	0.94%	-0.1%	0.23%
Operating Expenses+	22.3M	17.18M	14.14M	16.66M	75.87M	76.08M	28.22M	41.03M	43.78M	47.16M
OpEx % of Revenue	0.09%	0.11%	0.11%	0.1%	0.27%	0.27%	0.08%	0.09%	0.1%	0.1%
Selling, General & Admin	22.3M	17.18M	14.14M	16.66M	18.5M	24.95M	28.22M	41.03M	43.78M	47.16M
SG&A % of Revenue	0.09%	0.11%	0.11%	0.1%	0.07%	0.09%	0.08%	0.09%	0.1%	0.1%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	88K	23K	0	0	57.38M	51.13M	0	0	0	0
Operating Income+	-40.21M	-13.53M	-9.2M	-2.97M	-28.69M	-25.57M	16.03M	44.82M	33.86M	48.24M
Operating Margin %	-0.17%	-0.09%	-0.07%	-0.02%	-0.1%	-0.09%	0.05%	0.1%	0.08%	0.1%
Operating Income Growth %	-208.27%	0.66%	0.32%	0.68%	-8.66%	0.11%	1.63%	1.8%	-0.24%	0.42%
EBITDA+	-30.59M	-4.24M	-2.65M	6.35M	-15.98M	-11.01M	29.66M	61.92M	49.66M	67.31M
EBITDA Margin %	-0.13%	-0.03%	-0.02%	0.04%	-0.06%	-0.04%	0.09%	0.14%	0.11%	0.14%
EBITDA Growth %	-3.13%	0.86%	0.38%	3.4%	-3.52%	0.31%	3.69%	1.09%	-0.2%	0.36%
D&A (Non-Cash Add-back)	9.62M	9.29M	6.55M	9.32M	12.71M	14.55M	13.62M	17.1M	15.81M	19.07M
EBIT	-39.95M	-10.33M	-9M	17.64M	33.11M	26.57M	16.36M	45.05M	34.13M	48.03M
Net Interest Income+	-1.34M	-495K	-484K	-316K	-432K	-884K	-1.2M	-3.57M	-4.86M	-5.66M
Interest Income	1K	14K	6K	267K	40K	49K	0	0	0	0
Interest Expense	1.34M	509K	490K	583K	472K	933K	1.2M	3.57M	4.86M	5.66M
Other Income/Expense	-1.13M	2.69M	-283K	20.03M	61.33M	51.2M	-874K	-3.47M	-4.58M	-5.87M
Pretax Income+	-41.34M	-14.02M	-9.49M	17.06M	32.64M	25.63M	15.16M	41.35M	29.28M	42.37M
Pretax Margin %	-0.17%	-0.09%	-0.07%	0.1%	0.12%	0.09%	0.05%	0.09%	0.07%	0.09%
Income Tax+	-11.95M	-4.76M	-1.1M	-3.25M	4.74M	6.58M	3.63M	10.2M	8.21M	8.16M
Effective Tax Rate %	0.71%	0.66%	1.07%	1.19%	0.85%	0.74%	0.76%	0.75%	0.72%	0.81%
Net Income+	-29.39M	-9.26M	-10.16M	20.31M	27.9M	19.05M	11.52M	31.15M	21.07M	34.21M
Net Margin %	-0.12%	-0.06%	-0.08%	0.12%	0.1%	0.07%	0.03%	0.07%	0.05%	0.07%
Net Income Growth %	-0.64%	0.68%	-0.1%	3%	0.37%	-0.32%	-0.4%	1.7%	-0.32%	0.62%
Net Income (Continuing)	-17.81M	-6.74M	-8.39M	20.31M	27.9M	19.05M	11.52M	31.15M	21.07M	34.21M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-3.07	-0.97	-1.06	2.09	2.85	1.93	1.16	3.11	2.09	3.40
EPS Growth %	-0.63%	0.68%	-0.09%	2.97%	0.36%	-0.32%	-0.4%	1.68%	-0.33%	0.63%
EPS (Basic)	-3.07	-0.98	-1.07	2.09	2.86	1.95	1.17	3.14	2.11	3.45
Diluted Shares Outstanding	9.56M	9.59M	9.61M	9.73M	9.78M	9.87M	9.93M	10.01M	10.08M	10.07M
Basic Shares Outstanding	9.56M	9.49M	9.54M	9.73M	9.74M	9.79M	9.85M	9.91M	9.99M	9.92M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	115.28M	112.18M	140.75M	159.51M	195.04M	191.96M	228.23M	278.74M	272.48M	262.49M
Cash & Short-Term Investments	10.31M	21.83M	43.65M	6.68M	31.01M	37.93M	3M	3.68M	4.07M	5.01M
Cash Only	10.31M	21.83M	43.65M	6.68M	31.01M	37.93M	3M	3.68M	4.07M	5.01M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	70.16M	69.22M	73.49M	108.67M	129.21M	119.67M	159.83M	193.34M	168.16M	170.37M
Days Sales Outstanding	108.23	161.69	202.02	230.4	168.85	152.77	175.03	154.19	138.13	126.25
Inventory	29.48M	19.04M	17.05M	39.38M	30.65M	29.18M	59.65M	71.03M	91.23M	79.77M
Days Inventory Outstanding	43.17	43.57	49.03	89.8	48.2	45.24	75.32	69.73	90.8	73.31
Other Current Assets	3.71M	36.88M	0	101K	0	0	17K	10.69M	9.03M	7.34M
Total Non-Current Assets+	144.1M	129.38M	89.57M	111.84M	115.21M	181.05M	319.45M	322.6M	325.4M	327.17M
Property, Plant & Equipment	131.85M	118.1M	78.76M	103.45M	107.31M	141M	219.77M	226.29M	232.11M	238.2M
Fixed Asset Turnover	1.79x	1.32x	1.69x	1.66x	2.60x	2.03x	1.52x	2.02x	1.91x	2.07x
Goodwill	0	0	0	0	0	22.98M	53.68M	55.5M	55.5M	55.5M
Intangible Assets	2.92M	2.4M	1.9M	1.55M	1.23M	10.52M	39.38M	35.26M	31.07M	27.04M
Long-Term Investments	-20.55M	-22.39M	-9.4M	-1.62M	0	-12.48M	-10.98M	-394K	326K	0
Other Non-Current Assets	9.33M	8.88M	8.91M	8.39M	6.66M	6.55M	6.62M	-5.47M	6.71M	6.42M
Total Assets+	259.38M	241.56M	230.32M	271.35M	310.25M	373.01M	547.68M	601.34M	597.88M	589.65M
Asset Turnover	0.91x	0.65x	0.58x	0.63x	0.90x	0.77x	0.61x	0.76x	0.74x	0.84x
Asset Growth %	-0.26%	-0.07%	-0.05%	0.18%	0.14%	0.2%	0.47%	0.1%	-0.01%	-0.01%
Total Current Liabilities+	21.57M	18.55M	17M	31.49M	41.57M	45.9M	64.09M	90.84M	96.19M	75.13M
Accounts Payable	4.74M	5.27M	7.52M	19.78M	15.49M	12.99M	32.27M	26.97M	31.14M	27.78M
Days Payables Outstanding	6.94	12.05	21.62	45.12	24.36	20.15	40.74	26.47	31	25.53
Short-Term Debt	340K	325K	0	416K	0	7.7M	5.18M	10.76M	10.76M	2.99M
Deferred Revenue (Current)	520K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	12.63M	10.32M	4.13M	4.92M	407K	10.36M	12.7M	0	20.99M	6K
Current Ratio	5.34x	6.05x	8.28x	5.07x	4.69x	4.18x	3.56x	3.07x	2.83x	3.49x
Quick Ratio	3.98x	5.02x	7.28x	3.81x	3.95x	3.55x	2.63x	2.29x	1.88x	2.43x
Cash Conversion Cycle	144.46	193.2	229.43	275.08	192.69	177.86	209.61	197.45	197.94	174.03
Total Non-Current Liabilities+	20.25M	13.79M	13.06M	21.27M	20.52M	57.49M	200.2M	192.23M	161.33M	140.52M
Long-Term Debt	0	0	0	11.46M	0	5.89M	86.76M	83.7M	54.48M	36.15M
Capital Lease Obligations	718K	602K	737K	839K	6.25M	29.27M	95.42M	89.47M	91.04M	90.83M
Deferred Tax Liabilities	5.12M	1.28M	941K	68K	4.26M	12.48M	10.98M	11.4M	10.94M	8.3M
Other Non-Current Liabilities	19.53M	13.19M	11.38M	8.9M	10.01M	9.85M	7.04M	7.66M	4.86M	5.24M
Total Liabilities	41.82M	32.34M	30.06M	52.76M	62.09M	103.39M	264.3M	283.07M	257.52M	215.65M
Total Debt+	1.06M	927K	1.05M	12.72M	8.31M	45.43M	192.06M	188.63M	162.94M	136.7M
Net Debt	-9.25M	-20.9M	-42.59M	6.04M	-22.7M	7.51M	189.07M	184.94M	158.87M	131.69M
Debt / Equity	0.00x	0.00x	0.01x	0.06x	0.03x	0.17x	0.68x	0.59x	0.48x	0.37x
Debt / EBITDA	-	-	-	2.00x	-	-	6.48x	3.05x	3.28x	2.03x
Net Debt / EBITDA	-	-	-	0.95x	-	-	6.38x	2.99x	3.20x	1.96x
Interest Coverage	-30.01x	-26.59x	-18.78x	-5.10x	-60.78x	-27.40x	13.34x	12.56x	6.97x	8.52x
Total Equity+	217.56M	209.21M	200.26M	218.59M	248.16M	269.63M	283.38M	318.27M	340.36M	374M
Equity Growth %	-0.11%	-0.04%	-0.04%	0.09%	0.14%	0.09%	0.05%	0.12%	0.07%	0.1%
Book Value per Share	22.76	21.82	20.83	22.46	25.38	27.31	28.54	31.79	33.76	37.16
Total Shareholders' Equity	217.56M	209.21M	200.26M	218.59M	248.16M	269.63M	283.38M	318.27M	340.36M	374M
Common Stock	96K	96K	96K	97K	97K	98K	99K	99K	100K	99K
Retained Earnings	101.18M	91.92M	81.76M	101.19M	129.33M	148.38M	159.9M	191.05M	212.13M	246.33M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-1.54M	-1.48M	-1.45M	-1.54M	-1.81M	-1.87M	-1.68M	-789K	-960K	-834K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	55.21M	1.52M	-7.52M	-18.4M	42.89M	56.09M	-5.81M	17.54M	53.45M	55.05M
Operating CF Margin %	0.23%	0.01%	-0.06%	-0.11%	0.15%	0.2%	-0.02%	0.04%	0.12%	0.11%
Operating CF Growth %	0.58%	-0.97%	-5.95%	-1.45%	3.33%	0.31%	-1.1%	4.02%	2.05%	0.03%
Net Income	-29.39M	-9.26M	-8.39M	20.31M	27.9M	19.05M	11.52M	31.15M	21.07M	34.21M
Depreciation & Amortization	9.62M	9.97M	6.55M	9.32M	12.71M	14.55M	13.62M	17.1M	15.81M	19.07M
Stock-Based Compensation	1.77M	1.8M	1.2M	281K	1.71M	3.09M	3.22M	3.7M	3.67M	5.06M
Deferred Taxes	-3.56M	-4.75M	-341K	-3.85M	4.17M	2.91M	180K	514K	-172K	-4.68M
Other Non-Cash Items	6.05M	-8.87M	-855K	-22.38M	-785K	742K	193K	-286K	1.08M	728K
Working Capital Changes	70.72M	12.63M	-5.69M	-22.09M	-2.82M	15.75M	-34.55M	-34.64M	12M	669K
Change in Receivables	26.78M	2.12M	-4.07M	2.22M	-11.81M	9.67M	-33.36M	-19.12M	29.03M	-13.13M
Change in Inventory	43.7M	10.49M	1.54M	-13.63M	8.65M	7.15M	-17.65M	-11.38M	-20.2M	11.46M
Change in Payables	-9.89M	866K	2.13M	6.59M	-4.67M	-3.5M	16.78M	-5.83M	4.7M	-3.45M
Cash from Investing+	3.06M	11.65M	29.8M	-27.9M	-6.42M	-61.43M	-100.15M	-23.05M	-20.37M	-20.74M
Capital Expenditures	-8.52M	-2.29M	-2.85M	-3.8M	-8.59M	-14.34M	-13.26M	-23.16M	-18.29M	-20.8M
CapEx % of Revenue	0.04%	0.01%	0.02%	0.02%	0.03%	0.05%	0.04%	0.05%	0.04%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	7.27M	13.95M	32.65M	13.12M	2.16M	1.64M	325K	106K	650K	63K
Cash from Financing+	-48.48M	-1.65M	-463K	9.33M	-12.13M	12.26M	71.03M	6.19M	-32.7M	-33.38M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.63M	-1.34M	-136K	-435K	-228K	13.3M	-1.55M	-47K	-1.95M	-1.46M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	46.69M	-773K	-10.37M	-22.2M	34.3M	41.74M	-19.07M	-5.62M	35.16M	34.25M
FCF Margin %	0.2%	-0%	-0.08%	-0.13%	0.12%	0.15%	-0.06%	-0.01%	0.08%	0.07%
FCF Growth %	1.25%	-1.02%	-12.42%	-1.14%	2.55%	0.22%	-1.46%	0.71%	7.26%	-0.03%
FCF per Share	4.88	-0.08	-1.08	-2.28	3.51	4.23	-1.92	-0.56	3.49	3.40
FCF Conversion (FCF/Net Income)	-1.88x	-0.16x	0.74x	-0.91x	1.54x	2.94x	-0.50x	0.56x	2.54x	1.61x
Interest Paid	846K	0	258K	330K	369K	599K	339K	3.17M	4.66M	5.88M
Taxes Paid	-7.74M	0	-153K	170K	0	1.4M	2.48M	13.77M	5.91M	9.02M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-12.69%	-4.34%	-4.96%	9.7%	11.96%	7.36%	4.17%	10.35%	6.4%	9.58%
Return on Invested Capital (ROIC)	-12.03%	-5.12%	-3.99%	-1.17%	-9.56%	-7.63%	3.21%	6.89%	5.07%	7.2%
Gross Margin	-5.34%	-2.06%	4.39%	7.03%	16.89%	17.67%	13.28%	18.76%	17.47%	19.37%
Net Margin	-12.42%	-5.93%	-7.65%	11.8%	9.99%	6.66%	3.46%	6.81%	4.74%	6.94%
Debt / Equity	0.00x	0.00x	0.01x	0.06x	0.03x	0.17x	0.68x	0.59x	0.48x	0.37x
Interest Coverage	-30.01x	-26.59x	-18.78x	-5.10x	-60.78x	-27.40x	13.34x	12.56x	6.97x	8.52x
FCF Conversion	-1.88x	-0.16x	0.74x	-0.91x	1.54x	2.94x	-0.50x	0.56x	2.54x	1.61x
Revenue Growth	-41.33%	-33.96%	-15.02%	29.65%	62.25%	2.36%	16.58%	37.31%	-2.91%	10.85%

Revenue by Segment

	2012	2013	2014
Water Transmission	269.2M	226.43M	238.54M
Water Transmission Growth	-	-15.89%	5.35%
Tubular Goods	255.3M	-	164.75M
Tubular Goods Growth	-	-	-
Public Utilities Inventory Tubular Goods	-	249.13M	-
Public Utilities Inventory Tubular Goods Growth	-	-	-
Foreign Tax Authority	473.4M	-	-
Foreign Tax Authority Growth	-	-	-
All Others	51.1M	-	-
All Others Growth	-	-	-

Revenue by Geography

	2012	2013	2014
UNITED STATES	-	-	383.34M
UNITED STATES Growth	-	-	-
Non Us	-	-	19.95M
Non Us Growth	-	-	-
U S	-	441.78M	-
U S Growth	-	-	-

Frequently Asked Questions

Valuation & Price

NWPX Infrastructure, Inc. (NWPX) has a price-to-earnings (P/E) ratio of 20.4x. This is roughly in line with market averages.

Growth & Financials

NWPX Infrastructure, Inc. (NWPX) reported $520.0M in revenue for fiscal year 2024. This represents a 2% increase from $511.7M in 2011.

NWPX Infrastructure, Inc. (NWPX) grew revenue by 10.8% over the past year. This is steady growth.

Yes, NWPX Infrastructure, Inc. (NWPX) is profitable, generating $36.6M in net income for fiscal year 2024 (6.9% net margin).

Dividend & Returns

NWPX Infrastructure, Inc. (NWPX) has a return on equity (ROE) of 9.6%. This is below average, suggesting room for improvement.

NWPX Infrastructure, Inc. (NWPX) generated $48.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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NWPX Infrastructure, Inc. (NWPX) 10-Year Financial Performance & Capital Metrics

NWPX • • Industrial / General

IndustrialsMetal FabricationConstruction & Infrastructure ProductsWater Infrastructure Products

Revenue $493M +10.8%
EBITDA $67M +35.5%
Net Income $34M +62.3%
EPS (Diluted) 3.40 +62.7%
Gross Margin 19.37% +10.9%
EBITDA Margin 13.67% +22.3%
Operating Margin 9.79% +28.5%
Net Margin 6.94% +46.4%
ROE 9.58% +49.7%
ROIC 7.2% +42.1%
Debt/Equity 0.37 -23.6%
Interest Coverage 8.52 +22.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 9/9
✓Momentum leader: RS Rating 86 (top 14%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 12.0%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.02%

5Y12.01%

3Y13.9%

TTM7.64%

Profit (Net Income) CAGR

10Y-

5Y4.16%

3Y43.72%

TTM23.94%

EPS CAGR

10Y-

5Y3.59%

3Y43.11%

TTM24.49%

ROCE

10Y Avg-1.65%

5Y Avg4.12%

3Y Avg8.4%

Latest9.49%

Peer Comparison

Water Infrastructure Products

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NWPXNWPX Infrastructure, Inc.	665.66M	69.27	20.37	10.85%	7.04%	9.48%	5.15%	0.37

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	236.61M	156.26M	132.78M	172.15M	279.32M	285.91M	333.31M	457.67M	444.36M	492.55M
Revenue Growth %	-0.41%	-0.34%	-0.15%	0.3%	0.62%	0.02%	0.17%	0.37%	-0.03%	0.11%
Cost of Goods Sold+	249.23M	159.48M	126.96M	160.05M	232.13M	235.39M	289.06M	371.81M	366.71M	397.14M
COGS % of Revenue	1.05%	1.02%	0.96%	0.93%	0.83%	0.82%	0.87%	0.81%	0.83%	0.81%
Gross Profit+	-12.63M	-3.23M	5.82M	12.1M	47.18M	50.52M	44.25M	85.86M	77.64M	95.41M
Gross Margin %	-0.05%	-0.02%	0.04%	0.07%	0.17%	0.18%	0.13%	0.19%	0.17%	0.19%
Gross Profit Growth %	-1.31%	0.74%	2.81%	1.08%	2.9%	0.07%	-0.12%	0.94%	-0.1%	0.23%
Operating Expenses+	22.3M	17.18M	14.14M	16.66M	75.87M	76.08M	28.22M	41.03M	43.78M	47.16M
OpEx % of Revenue	0.09%	0.11%	0.11%	0.1%	0.27%	0.27%	0.08%	0.09%	0.1%	0.1%
Selling, General & Admin	22.3M	17.18M	14.14M	16.66M	18.5M	24.95M	28.22M	41.03M	43.78M	47.16M
SG&A % of Revenue	0.09%	0.11%	0.11%	0.1%	0.07%	0.09%	0.08%	0.09%	0.1%	0.1%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	88K	23K	0	0	57.38M	51.13M	0	0	0	0
Operating Income+	-40.21M	-13.53M	-9.2M	-2.97M	-28.69M	-25.57M	16.03M	44.82M	33.86M	48.24M
Operating Margin %	-0.17%	-0.09%	-0.07%	-0.02%	-0.1%	-0.09%	0.05%	0.1%	0.08%	0.1%
Operating Income Growth %	-208.27%	0.66%	0.32%	0.68%	-8.66%	0.11%	1.63%	1.8%	-0.24%	0.42%
EBITDA+	-30.59M	-4.24M	-2.65M	6.35M	-15.98M	-11.01M	29.66M	61.92M	49.66M	67.31M
EBITDA Margin %	-0.13%	-0.03%	-0.02%	0.04%	-0.06%	-0.04%	0.09%	0.14%	0.11%	0.14%
EBITDA Growth %	-3.13%	0.86%	0.38%	3.4%	-3.52%	0.31%	3.69%	1.09%	-0.2%	0.36%
D&A (Non-Cash Add-back)	9.62M	9.29M	6.55M	9.32M	12.71M	14.55M	13.62M	17.1M	15.81M	19.07M
EBIT	-39.95M	-10.33M	-9M	17.64M	33.11M	26.57M	16.36M	45.05M	34.13M	48.03M
Net Interest Income+	-1.34M	-495K	-484K	-316K	-432K	-884K	-1.2M	-3.57M	-4.86M	-5.66M
Interest Income	1K	14K	6K	267K	40K	49K	0	0	0	0
Interest Expense	1.34M	509K	490K	583K	472K	933K	1.2M	3.57M	4.86M	5.66M
Other Income/Expense	-1.13M	2.69M	-283K	20.03M	61.33M	51.2M	-874K	-3.47M	-4.58M	-5.87M
Pretax Income+	-41.34M	-14.02M	-9.49M	17.06M	32.64M	25.63M	15.16M	41.35M	29.28M	42.37M
Pretax Margin %	-0.17%	-0.09%	-0.07%	0.1%	0.12%	0.09%	0.05%	0.09%	0.07%	0.09%
Income Tax+	-11.95M	-4.76M	-1.1M	-3.25M	4.74M	6.58M	3.63M	10.2M	8.21M	8.16M
Effective Tax Rate %	0.71%	0.66%	1.07%	1.19%	0.85%	0.74%	0.76%	0.75%	0.72%	0.81%
Net Income+	-29.39M	-9.26M	-10.16M	20.31M	27.9M	19.05M	11.52M	31.15M	21.07M	34.21M
Net Margin %	-0.12%	-0.06%	-0.08%	0.12%	0.1%	0.07%	0.03%	0.07%	0.05%	0.07%
Net Income Growth %	-0.64%	0.68%	-0.1%	3%	0.37%	-0.32%	-0.4%	1.7%	-0.32%	0.62%
Net Income (Continuing)	-17.81M	-6.74M	-8.39M	20.31M	27.9M	19.05M	11.52M	31.15M	21.07M	34.21M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-3.07	-0.97	-1.06	2.09	2.85	1.93	1.16	3.11	2.09	3.40
EPS Growth %	-0.63%	0.68%	-0.09%	2.97%	0.36%	-0.32%	-0.4%	1.68%	-0.33%	0.63%
EPS (Basic)	-3.07	-0.98	-1.07	2.09	2.86	1.95	1.17	3.14	2.11	3.45
Diluted Shares Outstanding	9.56M	9.59M	9.61M	9.73M	9.78M	9.87M	9.93M	10.01M	10.08M	10.07M
Basic Shares Outstanding	9.56M	9.49M	9.54M	9.73M	9.74M	9.79M	9.85M	9.91M	9.99M	9.92M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	115.28M	112.18M	140.75M	159.51M	195.04M	191.96M	228.23M	278.74M	272.48M	262.49M
Cash & Short-Term Investments	10.31M	21.83M	43.65M	6.68M	31.01M	37.93M	3M	3.68M	4.07M	5.01M
Cash Only	10.31M	21.83M	43.65M	6.68M	31.01M	37.93M	3M	3.68M	4.07M	5.01M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	70.16M	69.22M	73.49M	108.67M	129.21M	119.67M	159.83M	193.34M	168.16M	170.37M
Days Sales Outstanding	108.23	161.69	202.02	230.4	168.85	152.77	175.03	154.19	138.13	126.25
Inventory	29.48M	19.04M	17.05M	39.38M	30.65M	29.18M	59.65M	71.03M	91.23M	79.77M
Days Inventory Outstanding	43.17	43.57	49.03	89.8	48.2	45.24	75.32	69.73	90.8	73.31
Other Current Assets	3.71M	36.88M	0	101K	0	0	17K	10.69M	9.03M	7.34M
Total Non-Current Assets+	144.1M	129.38M	89.57M	111.84M	115.21M	181.05M	319.45M	322.6M	325.4M	327.17M
Property, Plant & Equipment	131.85M	118.1M	78.76M	103.45M	107.31M	141M	219.77M	226.29M	232.11M	238.2M
Fixed Asset Turnover	1.79x	1.32x	1.69x	1.66x	2.60x	2.03x	1.52x	2.02x	1.91x	2.07x
Goodwill	0	0	0	0	0	22.98M	53.68M	55.5M	55.5M	55.5M
Intangible Assets	2.92M	2.4M	1.9M	1.55M	1.23M	10.52M	39.38M	35.26M	31.07M	27.04M
Long-Term Investments	-20.55M	-22.39M	-9.4M	-1.62M	0	-12.48M	-10.98M	-394K	326K	0
Other Non-Current Assets	9.33M	8.88M	8.91M	8.39M	6.66M	6.55M	6.62M	-5.47M	6.71M	6.42M
Total Assets+	259.38M	241.56M	230.32M	271.35M	310.25M	373.01M	547.68M	601.34M	597.88M	589.65M
Asset Turnover	0.91x	0.65x	0.58x	0.63x	0.90x	0.77x	0.61x	0.76x	0.74x	0.84x
Asset Growth %	-0.26%	-0.07%	-0.05%	0.18%	0.14%	0.2%	0.47%	0.1%	-0.01%	-0.01%
Total Current Liabilities+	21.57M	18.55M	17M	31.49M	41.57M	45.9M	64.09M	90.84M	96.19M	75.13M
Accounts Payable	4.74M	5.27M	7.52M	19.78M	15.49M	12.99M	32.27M	26.97M	31.14M	27.78M
Days Payables Outstanding	6.94	12.05	21.62	45.12	24.36	20.15	40.74	26.47	31	25.53
Short-Term Debt	340K	325K	0	416K	0	7.7M	5.18M	10.76M	10.76M	2.99M
Deferred Revenue (Current)	520K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	12.63M	10.32M	4.13M	4.92M	407K	10.36M	12.7M	0	20.99M	6K
Current Ratio	5.34x	6.05x	8.28x	5.07x	4.69x	4.18x	3.56x	3.07x	2.83x	3.49x
Quick Ratio	3.98x	5.02x	7.28x	3.81x	3.95x	3.55x	2.63x	2.29x	1.88x	2.43x
Cash Conversion Cycle	144.46	193.2	229.43	275.08	192.69	177.86	209.61	197.45	197.94	174.03
Total Non-Current Liabilities+	20.25M	13.79M	13.06M	21.27M	20.52M	57.49M	200.2M	192.23M	161.33M	140.52M
Long-Term Debt	0	0	0	11.46M	0	5.89M	86.76M	83.7M	54.48M	36.15M
Capital Lease Obligations	718K	602K	737K	839K	6.25M	29.27M	95.42M	89.47M	91.04M	90.83M
Deferred Tax Liabilities	5.12M	1.28M	941K	68K	4.26M	12.48M	10.98M	11.4M	10.94M	8.3M
Other Non-Current Liabilities	19.53M	13.19M	11.38M	8.9M	10.01M	9.85M	7.04M	7.66M	4.86M	5.24M
Total Liabilities	41.82M	32.34M	30.06M	52.76M	62.09M	103.39M	264.3M	283.07M	257.52M	215.65M
Total Debt+	1.06M	927K	1.05M	12.72M	8.31M	45.43M	192.06M	188.63M	162.94M	136.7M
Net Debt	-9.25M	-20.9M	-42.59M	6.04M	-22.7M	7.51M	189.07M	184.94M	158.87M	131.69M
Debt / Equity	0.00x	0.00x	0.01x	0.06x	0.03x	0.17x	0.68x	0.59x	0.48x	0.37x
Debt / EBITDA	-	-	-	2.00x	-	-	6.48x	3.05x	3.28x	2.03x
Net Debt / EBITDA	-	-	-	0.95x	-	-	6.38x	2.99x	3.20x	1.96x
Interest Coverage	-30.01x	-26.59x	-18.78x	-5.10x	-60.78x	-27.40x	13.34x	12.56x	6.97x	8.52x
Total Equity+	217.56M	209.21M	200.26M	218.59M	248.16M	269.63M	283.38M	318.27M	340.36M	374M
Equity Growth %	-0.11%	-0.04%	-0.04%	0.09%	0.14%	0.09%	0.05%	0.12%	0.07%	0.1%
Book Value per Share	22.76	21.82	20.83	22.46	25.38	27.31	28.54	31.79	33.76	37.16
Total Shareholders' Equity	217.56M	209.21M	200.26M	218.59M	248.16M	269.63M	283.38M	318.27M	340.36M	374M
Common Stock	96K	96K	96K	97K	97K	98K	99K	99K	100K	99K
Retained Earnings	101.18M	91.92M	81.76M	101.19M	129.33M	148.38M	159.9M	191.05M	212.13M	246.33M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-1.54M	-1.48M	-1.45M	-1.54M	-1.81M	-1.87M	-1.68M	-789K	-960K	-834K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	55.21M	1.52M	-7.52M	-18.4M	42.89M	56.09M	-5.81M	17.54M	53.45M	55.05M
Operating CF Margin %	0.23%	0.01%	-0.06%	-0.11%	0.15%	0.2%	-0.02%	0.04%	0.12%	0.11%
Operating CF Growth %	0.58%	-0.97%	-5.95%	-1.45%	3.33%	0.31%	-1.1%	4.02%	2.05%	0.03%
Net Income	-29.39M	-9.26M	-8.39M	20.31M	27.9M	19.05M	11.52M	31.15M	21.07M	34.21M
Depreciation & Amortization	9.62M	9.97M	6.55M	9.32M	12.71M	14.55M	13.62M	17.1M	15.81M	19.07M
Stock-Based Compensation	1.77M	1.8M	1.2M	281K	1.71M	3.09M	3.22M	3.7M	3.67M	5.06M
Deferred Taxes	-3.56M	-4.75M	-341K	-3.85M	4.17M	2.91M	180K	514K	-172K	-4.68M
Other Non-Cash Items	6.05M	-8.87M	-855K	-22.38M	-785K	742K	193K	-286K	1.08M	728K
Working Capital Changes	70.72M	12.63M	-5.69M	-22.09M	-2.82M	15.75M	-34.55M	-34.64M	12M	669K
Change in Receivables	26.78M	2.12M	-4.07M	2.22M	-11.81M	9.67M	-33.36M	-19.12M	29.03M	-13.13M
Change in Inventory	43.7M	10.49M	1.54M	-13.63M	8.65M	7.15M	-17.65M	-11.38M	-20.2M	11.46M
Change in Payables	-9.89M	866K	2.13M	6.59M	-4.67M	-3.5M	16.78M	-5.83M	4.7M	-3.45M
Cash from Investing+	3.06M	11.65M	29.8M	-27.9M	-6.42M	-61.43M	-100.15M	-23.05M	-20.37M	-20.74M
Capital Expenditures	-8.52M	-2.29M	-2.85M	-3.8M	-8.59M	-14.34M	-13.26M	-23.16M	-18.29M	-20.8M
CapEx % of Revenue	0.04%	0.01%	0.02%	0.02%	0.03%	0.05%	0.04%	0.05%	0.04%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	7.27M	13.95M	32.65M	13.12M	2.16M	1.64M	325K	106K	650K	63K
Cash from Financing+	-48.48M	-1.65M	-463K	9.33M	-12.13M	12.26M	71.03M	6.19M	-32.7M	-33.38M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.63M	-1.34M	-136K	-435K	-228K	13.3M	-1.55M	-47K	-1.95M	-1.46M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	46.69M	-773K	-10.37M	-22.2M	34.3M	41.74M	-19.07M	-5.62M	35.16M	34.25M
FCF Margin %	0.2%	-0%	-0.08%	-0.13%	0.12%	0.15%	-0.06%	-0.01%	0.08%	0.07%
FCF Growth %	1.25%	-1.02%	-12.42%	-1.14%	2.55%	0.22%	-1.46%	0.71%	7.26%	-0.03%
FCF per Share	4.88	-0.08	-1.08	-2.28	3.51	4.23	-1.92	-0.56	3.49	3.40
FCF Conversion (FCF/Net Income)	-1.88x	-0.16x	0.74x	-0.91x	1.54x	2.94x	-0.50x	0.56x	2.54x	1.61x
Interest Paid	846K	0	258K	330K	369K	599K	339K	3.17M	4.66M	5.88M
Taxes Paid	-7.74M	0	-153K	170K	0	1.4M	2.48M	13.77M	5.91M	9.02M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-12.69%	-4.34%	-4.96%	9.7%	11.96%	7.36%	4.17%	10.35%	6.4%	9.58%
Return on Invested Capital (ROIC)	-12.03%	-5.12%	-3.99%	-1.17%	-9.56%	-7.63%	3.21%	6.89%	5.07%	7.2%
Gross Margin	-5.34%	-2.06%	4.39%	7.03%	16.89%	17.67%	13.28%	18.76%	17.47%	19.37%
Net Margin	-12.42%	-5.93%	-7.65%	11.8%	9.99%	6.66%	3.46%	6.81%	4.74%	6.94%
Debt / Equity	0.00x	0.00x	0.01x	0.06x	0.03x	0.17x	0.68x	0.59x	0.48x	0.37x
Interest Coverage	-30.01x	-26.59x	-18.78x	-5.10x	-60.78x	-27.40x	13.34x	12.56x	6.97x	8.52x
FCF Conversion	-1.88x	-0.16x	0.74x	-0.91x	1.54x	2.94x	-0.50x	0.56x	2.54x	1.61x
Revenue Growth	-41.33%	-33.96%	-15.02%	29.65%	62.25%	2.36%	16.58%	37.31%	-2.91%	10.85%

Revenue by Segment

	2012	2013	2014
Water Transmission	269.2M	226.43M	238.54M
Water Transmission Growth	-	-15.89%	5.35%
Tubular Goods	255.3M	-	164.75M
Tubular Goods Growth	-	-	-
Public Utilities Inventory Tubular Goods	-	249.13M	-
Public Utilities Inventory Tubular Goods Growth	-	-	-
Foreign Tax Authority	473.4M	-	-
Foreign Tax Authority Growth	-	-	-
All Others	51.1M	-	-
All Others Growth	-	-	-

Revenue by Geography

	2012	2013	2014
UNITED STATES	-	-	383.34M
UNITED STATES Growth	-	-	-
Non Us	-	-	19.95M
Non Us Growth	-	-	-
U S	-	441.78M	-
U S Growth	-	-	-

Frequently Asked Questions

Valuation & Price

NWPX Infrastructure, Inc. (NWPX) has a price-to-earnings (P/E) ratio of 20.4x. This is roughly in line with market averages.

Growth & Financials

NWPX Infrastructure, Inc. (NWPX) reported $520.0M in revenue for fiscal year 2024. This represents a 2% increase from $511.7M in 2011.

NWPX Infrastructure, Inc. (NWPX) grew revenue by 10.8% over the past year. This is steady growth.

Yes, NWPX Infrastructure, Inc. (NWPX) is profitable, generating $36.6M in net income for fiscal year 2024 (6.9% net margin).

Dividend & Returns

NWPX Infrastructure, Inc. (NWPX) has a return on equity (ROE) of 9.6%. This is below average, suggesting room for improvement.

NWPX Infrastructure, Inc. (NWPX) generated $48.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.