NWPXNasdaqSteel Pipe & TubesFiscal year ends December 31
NWPX Infrastructure, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$97.63+0.02 (+0.02%)
Close on Oct 19, 2026
- Market cap
- $955.90M
- P/E (TTM)
- 19.6
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
19.7%+2.0 pts over 5 years
Operating margin
9.7%+0.7 pts over 5 years
Net margin
6.7%+0.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +6.8% | +4.7% | +13.0% | +11.8% | |
| Gross profit | +8.6% | +6.5% | +15.5% | +67.2% | |
| Operating income | +5.4% | +4.3% | +14.8% | – | |
| Net income | +3.5% | +4.4% | +13.2% | – | |
| EPS, diluted | +4.7% | +4.6% | +13.0% | – | |
| Free cash flow | +37.5% | – | +2.3% | -0.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -4.3% | 7.4% | 9.2% | |
| Return on assets | -3.7% | 5.6% | 6.1% | |
| Current ratio | 8.01 | 4.18 | 3.78 | |
| Debt to equity | – | 0.05 | 0.03 | |
| Net debt to EBITDA | – | -0.61× | – | |
| Interest coverage | -19.6× | 27.4× | 19.5× | |
| Inventory turnover | 6.2× | 7.9× | 5.5× | |
| Capex to revenue | 1.5% | 4.9% | 3.8% | |
| Diluted shares | 10M | 10M | 10M |
Where the cash went
Fiscal 2021 to 2025, five years combined
NWPX Infrastructure generated $199.14M from operations and spent $118.85M on capital expenditure, dividends and share buybacks. 80% of that went back into the business.
Generated
$199.14M
Used
$118.85M
Capital expenditure$95.36M80%Dividends$00%Share buybacks$23.49M20%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin6.7%
×Asset turnover0.90×
×Equity multiplier1.52×
=Return on equity, FY20259.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 6.7% | 0.90× | 1.52× | 9.2% |
| FY2024 | 6.9% | 0.83× | 1.66× | 9.6% |
| FY2023 | 4.7% | 0.74× | 1.82× | 6.4% |
| FY2022 | 6.8% | 0.80× | 1.91× | 10.4% |
| FY2021 | 3.5% | 0.72× | 1.66× | 4.2% |
| FY2020 | 6.7% | 0.84× | 1.32× | 7.4% |
| FY2019 | 10.0% | 0.96× | 1.25× | 12.0% |
| FY2018 | 11.8% | 0.69× | 1.20× | 9.7% |
| FY2017 | -7.7% | 0.56× | 1.15× | -5.0% |
| FY2016 | -6.2% | 0.60× | 1.17× | -4.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
9of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$35.41M
- Cash generatingOperating cash flow above zero$67.28M
- Return on assets improvedROA up on the prior year5.7% → 6.0%
- Earnings backed by cashOperating cash flow above net income$67.28M vs $35.41M
- Less leverageLong-term debt to assets fell1.9% → 1.5%
- Better liquidityCurrent ratio rose3.49 → 3.78
- No dilutionShare count did not rise10M → 10M
- Gross margin improvedGross margin up on the prior year19.37% → 19.70%
- More efficientAsset turnover rose0.82 → 0.89