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Nwpx Infrastructure, Inc. (NWPX) stock

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NASDAQ: NWPX Nasdaq Building Products Next results ~January 27, 2027

B Fundamentals grade

Nwpx Infrastructure, Inc. is a US-listed company in the building products industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$140

Cash-flow model

Base case. Range ~$110–$190 across our lower- and higher-growth cases (8.4%–18.4% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 42% above it.

Price used: $99.15, November 2, 2026

Nwpx Infrastructure, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 10 selling0 purchases and 43 sales by directors and officers, last 12 monthsInsider trades
  • Funds126 adding, 82 cuttingOf 46 active managers that changed their stake, 27 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Nwpx Infrastructure files

10-Q filed October 29: Nwpx Infrastructure

Nwpx Infrastructure posted revenue of $603m for the twelve months to September 2026, up 15.9% on a year earlier and an acceleration from 15.1% growth a quarter earlier. Among the 40 building products companies we cover, that growth ranks seventh. Profitability improved too: free-cash-flow margin climbed to 14.4% from 9.3% a year earlier, while operating margin widened to 11.8% from 9.3%. A 2.0% reduction in the diluted share count over the year has also lifted the value of each remaining share. Even so, the fundamentals grade slips from B to C+. Our model value is little changed at $141 a share, well above the $100 share price, and the rating stays Buy. At that price, the market appears to be pricing in cash-flow growth of about 5.8% a year over five years, slower than the 12.6% a year revenue growth already delivered.

Source: 10-Q filed October 29, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Nwpx Infrastructure stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $574m, up 15.1% on a year earlier, faster than the 10.6% growth a quarter earlier. That growth ranks 7 of 37 among the building products companies we cover. Free-cash-flow margin rose to 13.9% from 10.4% a year earlier. Operating margin widened to 11.5% from 9.0%. The diluted share count is down 2.6% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 6 of our 7 financial-health checks. Our cash-flow model value is $141 a share, against a share price of $101. At that price, our model says the market is pricing in about 5.9% a year of cash-flow growth for five years, slower than the 11.5% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 27, 2027 (estimated)

Nwpx Infrastructure, Inc.'s trailing-twelve-month revenue grew 15.9% year on year, with a free-cash-flow margin of 14.4%. Where it stands out: long-term debt as % of assets of 0.9% ranks 2 of 37 building products companies we cover.

Our discounted-cash-flow model values the business at ~$140 per share in the base case (~$110–$190 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 80.1% while net income grew 46.0%: a 34pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $99.15 is 42% below our value per share of $140.
  • Fast growth. Revenue grew 15.9% over the last 12 months, against a median of 4.0% for building products companies we cover.
  • Shrinking share count. Diluted shares fell 2.0% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 7.4% over 90 days.

Things to watch

  • Insiders selling. 10 insiders sold $10M of stock over the past 365 days and none bought (96% under pre-set trading plans).
  • Below peers: gross margin. Gross margin of 20.9% ranks 34 of 43 building products companies we cover (median 32.1%).
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 1.2% ranks 31 of 41 building products companies we cover (median 0.7%).
  • Earnings expected to fall. The consensus expects earnings per share to fall 4% next year.

Latest results: FY2026 Q3

Filed October 29, 2026
Earnings per share
$1.86 against an average estimate of $1.64: beat by 13.3%
Revenue
$179m, up 18.8% on a year earlier
Share reaction
-1.8% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Next report
October 28, 2026; average EPS estimate $1.12

Nwpx Infrastructure's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.4%
  • 1 week+2.4%
  • 1 month-6.5%
  • This year+58.7%
  • 1 year+64.8%
  • 5 years+298.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$603M
Operating margin
11.8%
Net margin
8.9%
EPS (TTM, diluted)
$5.45

Growth

Revenue growth
+15.9%
Change in growth rate
+0.8 pts
Share count change
−2.0%

Cash

Free cash flow (TTM)
$86.8M
FCF margin
14.4%
Stock pay % of revenue
1.2%

Earnings

Last results
October 28, 2026
Next results (est.)
January 27, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Insider trade
  3. Insider trade
  4. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Nwpx Infrastructure, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 5.0% a year of cash-flow growth for five years.That is slower than the 12.6% a year revenue growth Nwpx Infrastructure has delivered.

  • Priced in5.0%
  • Last 12 months15.9%
  • 3 years a year11.0%
  • 5 years a year12.6%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($100.57, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$140
Price used
$100.57close November 3, 2026
Implied change
▲ +40%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Nwpx Infrastructure, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($49.9M, FY2026 Q3 TTM), growing 4.4% and 10% in the next two years (forecasts, guidance and its record), then back to 13.4% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$110–~$190 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Nwpx Infrastructure, Inc.'s free cash flow after stock-based pay ( $49.9M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Nwpx Infrastructure, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.07 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$140 ~$110–$190 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$120 ~$110–$160 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$43 ~$29–$66 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$43 ~$38–$51 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$98 ~$43–$140 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Nwpx Infrastructure, Inc. with Building Products in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +31%
  • Free-cash-flow margin 1 point lower ▼ −7%
  • Last year's free-cash-flow margin change, if it persists ▲ +55%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $73$100$135$182$243$322
8.5% $56$75$101$134$177$233
10% $45$60$80$105$138$181

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$11.19$17.22$19.14$23.29$33.31$28.30$31.80$33.70$30.26$48.26$62.49$99.15
Market value$107m$165m$184m$227m$326m$279m$316m$337m$305m$486m$621m$973m
+ Net debt (− = net cash)−$3m−$22m−$44m$5m−$31m−$24m$84m$91m$61m$23m$9m$15m
Enterprise value$104m$143m$140m$231m$295m$255m$399m$428m$366m$508m$630m$988m
Multiples
Price / sales 0.6x1.1x1.4x1.3x1.2x1.0x0.9x0.7x0.7x1.0x1.2x1.6x
Price / earnings ———11.2x11.7x14.7x27.4x10.8x14.5x14.2x17.5x18.2x
Price / free cash flow 2.2x———9.5x6.6x——8.7x14.2x13.2x11.2x
EV / EBITDA ———39.9x7.1x6.4x13.5x6.9x7.4x———

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

32 /100

Weak moat

How hard Nwpx Infrastructure's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 6 / 20

    Cash operating profit has been a median 5.6% of total assets over 10 years.

  • Pricing power 5 / 20

    Gross margin has been a median 17.6%, moving by 5.4 percentage points (standard deviation) across 10 years.

  • Durability 1 / 20

    Operating margin has been a median 8.2%; its worst year was -4.8%.

  • Cash conversion 8 / 20

    Free cash flow was positive in 7 of 10 years, at a median 2.1% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 1.3% over five years; stock-based pay has been a median 1.0% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (36 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $5.46 +52% $604m +15%
Next $5.24 −4% $580m −4%

Next year's EPS estimate has moved +7.4% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +15.6% on 90 days ago. In the last 30 days, 2 analysts raised Nwpx Infrastructure, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Nwpx Infrastructure, Inc., last 90 days
$4.60 $4.80 $5.00 $5.20 $5.40 $5.60 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.72 Current fiscal year, 60 days ago: $4.72 Current fiscal year, 30 days ago: $4.83 Current fiscal year, 7 days ago: $4.83 Current fiscal year, Now: $5.46 $5.46 Next fiscal year, 90 days ago: $4.88 Next fiscal year, 60 days ago: $4.88 Next fiscal year, 30 days ago: $5.07 Next fiscal year, 7 days ago: $5.07 Next fiscal year, Now: $5.24 $5.24

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.72$4.88
60 days ago $4.72$4.88
30 days ago $4.83$5.07
7 days ago $4.83$5.07
Now $5.46$5.24

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $1.64 $1.86 +13.3%
Jun 2026 $1.31 $1.62 +23.5%
Mar 2026 $0.56 $1.08 +92.9%
Dec 2025 $0.64 $0.93 +46.5%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Nwpx Infrastructure, Inc.'s revenue by +4.4% next year and +10.0% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (-2.8%, weight 56%) and the company's own record (+13.4%, weight 44%) . How the weights are set.

Analyst recommendations

2 analysts, Oct 2026
Buy00%
Hold2100%
Sell00%

Monthly trend

  1. Oct 202622
  2. Sep 202622
  3. Aug 202622
  4. Jul 202622

Counts of recommendations published by analysts covering Nwpx Infrastructure, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.8%
of tradable shares
Days to cover
5.95
at average volume
Short interest, 1 month
+0%
to October 15, 2026
Held by institutions
92%
of shares
Held by insiders
2.6%
of shares
Employees
1,318
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +64.8%

$60.16 on October 31, 2025 to $99.15

ThenNowEffect
Revenue (last 12 months) $499m $574m +15.1%
Net margin 6.7% 8.5% +26.9%
P/E multiple 18.2x 20.0x +9.9%
Share count 10m 10m +2.7%

Biggest factor: net margin.

Last 3 years +248.1%

$28.48 on November 3, 2023 to $99.15

ThenNowEffect
Revenue (last 12 months) $445m $574m +29.0%
Net margin 6.2% 8.5% +36.3%
P/E multiple 10.3x 20.0x +93.0%
Share count 10m 10m +2.6%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
NWPX+12%+6%−10%+60%+30%+59%
Industry peers (median)+24%−24%+45%+10%−12%+4%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
NWPX50%58%50%58%58%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
NWPX−36%−23%−36%−16%−30%−36%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 48% from November 5, 2015 to February 11, 2016. Getting back needed a 91% gain, reached on November 9, 2016, 272 days after the low.

Price behaviour

52-week range
$53.85 – $149.94
From 52-week high
−33.9%
vs 50-day average
−3.8%
vs 200-day average
−2.7%
Volatility (1 year)
40%
Beta vs S&P 500
1.27

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±5.6%
After a week
8 up, 3 down
typical move ±13.5%
After a month
8 up, 3 down
typical move ±15.8%
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 −1.8% 0.0% — —
July 29, 2026 +0.5% +0.1% −1.6% −9.5%
April 29, 2026 +13.2% +1.0% +28.0% +35.8%
February 25, 2026 +11.6% +0.3% +11.9% +5.0%
October 29, 2025 +1.9% −1.1% +9.8% +5.8%
August 7, 2025 +15.2% +0.7% +24.6% +24.1%
April 30, 2025 −7.3% +0.7% −13.2% −9.9%
February 26, 2025 −11.0% −1.5% −13.3% −12.0%
October 30, 2024 −0.7% −2.3% +18.4% +24.0%
July 31, 2024 +1.6% +0.2% +3.5% +18.5%
May 1, 2024 +2.0% +0.6% +12.5% +12.1%
March 4, 2024 −0.8% −1.1% +12.2% +16.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Nwpx Infrastructure, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Nwpx Infrastructure, Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Nwpx Infrastructure, Inc.
$400M $450M $500M $550M $600M $650M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $444.4M Revenue (TTM), FY24 Q1: $458.5M Revenue (TTM), FY24 Q2: $471.6M Revenue (TTM), FY24 Q3: $483.1M Revenue (TTM), FY24 Q4: $492.5M Revenue (TTM), FY25 Q1: $495.4M Revenue (TTM), FY25 Q2: $499.1M Revenue (TTM), FY25 Q3: $520M Revenue (TTM), FY25 Q4: $526M Revenue (TTM), FY26 Q1: $548.1M Revenue (TTM), FY26 Q2: $574.4M Revenue (TTM), FY26 Q3: $602.8M $602.8M

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $444.4M
FY24 Q1 $458.5M
FY24 Q2 $471.6M
FY24 Q3 $483.1M
FY24 Q4 $492.5M
FY25 Q1 $495.4M
FY25 Q2 $499.1M
FY25 Q3 $520M
FY25 Q4 $526M
FY26 Q1 $548.1M
FY26 Q2 $574.4M
FY26 Q3 $602.8M
Revenue growth, TTM YoY Nwpx Infrastructure, Inc.
-5% 0% 5% 10% 15% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -2.9% Revenue growth, TTM YoY, FY24 Q1: 2.5% Revenue growth, TTM YoY, FY24 Q2: 5.9% Revenue growth, TTM YoY, FY24 Q3: 9.5% Revenue growth, TTM YoY, FY24 Q4: 10.8% Revenue growth, TTM YoY, FY25 Q1: 8.1% Revenue growth, TTM YoY, FY25 Q2: 5.8% Revenue growth, TTM YoY, FY25 Q3: 7.6% Revenue growth, TTM YoY, FY25 Q4: 6.8% Revenue growth, TTM YoY, FY26 Q1: 10.6% Revenue growth, TTM YoY, FY26 Q2: 15.1% Revenue growth, TTM YoY, FY26 Q3: 15.9% 15.9%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -2.9%
FY24 Q1 2.5%
FY24 Q2 5.9%
FY24 Q3 9.5%
FY24 Q4 10.8%
FY25 Q1 8.1%
FY25 Q2 5.8%
FY25 Q3 7.6%
FY25 Q4 6.8%
FY26 Q1 10.6%
FY26 Q2 15.1%
FY26 Q3 15.9%
Operating margin (TTM) Nwpx Infrastructure, Inc.
6% 8% 10% 12% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 7.6% Operating margin (TTM), FY24 Q1: 8.3% Operating margin (TTM), FY24 Q2: 8.5% Operating margin (TTM), FY24 Q3: 9.6% Operating margin (TTM), FY24 Q4: 9.8% Operating margin (TTM), FY25 Q1: 9.1% Operating margin (TTM), FY25 Q2: 9.0% Operating margin (TTM), FY25 Q3: 9.3% Operating margin (TTM), FY25 Q4: 9.7% Operating margin (TTM), FY26 Q1: 10.6% Operating margin (TTM), FY26 Q2: 11.5% Operating margin (TTM), FY26 Q3: 11.8% 11.8%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 7.6%
FY24 Q1 8.3%
FY24 Q2 8.5%
FY24 Q3 9.6%
FY24 Q4 9.8%
FY25 Q1 9.1%
FY25 Q2 9.0%
FY25 Q3 9.3%
FY25 Q4 9.7%
FY26 Q1 10.6%
FY26 Q2 11.5%
FY26 Q3 11.8%
FCF margin (TTM) Nwpx Infrastructure, Inc.
-5% 0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 7.9% FCF margin (TTM), FY24 Q1: -3.8% FCF margin (TTM), FY24 Q2: 0.3% FCF margin (TTM), FY24 Q3: 1.3% FCF margin (TTM), FY24 Q4: 7.0% FCF margin (TTM), FY25 Q1: 13.3% FCF margin (TTM), FY25 Q2: 10.4% FCF margin (TTM), FY25 Q3: 9.3% FCF margin (TTM), FY25 Q4: 9.0% FCF margin (TTM), FY26 Q1: 13.1% FCF margin (TTM), FY26 Q2: 13.9% FCF margin (TTM), FY26 Q3: 14.4% 14.4%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 7.9%
FY24 Q1 -3.8%
FY24 Q2 0.3%
FY24 Q3 1.3%
FY24 Q4 7.0%
FY25 Q1 13.3%
FY25 Q2 10.4%
FY25 Q3 9.3%
FY25 Q4 9.0%
FY26 Q1 13.1%
FY26 Q2 13.9%
FY26 Q3 14.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Nwpx Infrastructure took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $526M
  2. Cost of revenue $422M · 80.3%
  3. Gross profit $104M · 19.7%
  4. Selling, general and admin $52.8M · 10.0%
  5. Operating income $50.9M · 9.7%
  6. Income tax $11.1M · 2.1%
  7. Interest and other $4.4M · 0.8%
  8. Net income $35.4M · 6.7%

Shares of revenue. Source: Nwpx Infrastructure's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 279 387 512 389 359 403 173 149 133 172 279 286 333 458 444 493 526 603
Gross profit 7 30 59 59 60 41 1 0 6 12 47 51 44 86 78 95 104 126
EBITDA −3 14 47 48 51 14 −15 −0 −3 6 41 40 30 62 50 — — —
Operating income −14 1 33 31 38 0 −25 −10 −9 −3 29 26 16 45 34 48 51 71
Net income −11 −5 13 16 −1 −18 −29 −9 −10 20 28 19 12 31 21 34 35 53
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 $5.45
Growth (year on year)
Revenue — +38.8% +32.3% −24.0% −7.6% +12.2% −57.1% −13.7% −11.1% +29.6% +62.3% +2.4% +16.6% +37.3% −2.9% +10.8% +6.8% +15.9%
EBITDA — — +231.7% +0.4% +6.9% −71.8% −207.7% — — — +614.3% −3.1% −26.1% +108.8% −19.8% — — —
Operating income — — — −4.7% +20.0% −99.5% — — — — — −10.9% −37.3% +179.6% −24.5% +42.5% +5.4% +47.2%
Net income — — — +28.3% −105.7% — — — — — +37.4% −31.7% −39.5% +170.3% −32.4% +62.3% +3.5% +46.0%
Diluted EPS — — — +27.4% −105.8% — — — — — +36.4% −32.3% −39.9% +168.1% −32.8% +62.7% +4.7% +49.0%
Margins
Gross margin 2.4% 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%
EBITDA margin −1.2% 3.7% 9.3% 12.2% 14.1% 3.6% −8.9% −0.0% −2.4% 3.4% 14.8% 14.0% 8.9% 13.5% 11.2% — — —
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%
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%
Free-cash-flow margin 20.0% −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 flow
Cash from operations 77 −21 12 44 20 35 55 2 −8 −18 43 56 −6 18 53 55 67 107
Capital spending 21 19 16 17 28 14 7 2 3 4 9 14 13 23 18 21 20 20
Free cash flow 56 −40 −4 28 −8 21 48 −1 −10 −22 34 42 −19 −5 35 34 47 87
Stock-based pay 1 1 1 3 3 3 2 2 1 0 2 3 3 4 4 5 6 7
Free cash flow after stock pay 55 −41 −6 25 −11 18 47 −3 −12 −22 33 39 −22 −9 31 29 42 80
Balance sheet
Cash 0 0 0 0 1 1 10 22 44 7 31 38 3 4 4 5 2 6
Total debt 0 74 68 53 94 46 7 0 0 11 0 14 87 94 65 28 12 22
Net debt (negative = net cash) −0 74 68 53 93 45 −3 −22 −44 5 −31 −24 84 91 61 23 9 15
Diluted shares — 9m 9m 9m 10m 10m 10m 10m 10m 10m 10m 10m 10m 10m 10m 10m 10m 10m
Returned to shareholders
Buybacks — — — — — — — — — — — — 0 0 1 4 18 7
Total returned — — — — — — — — — — — — 0 0 1 4 18 7

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 7 checks passed · September 30, 2026
What it owns · $695m
Short-term assets $317mLonger-term assets $377m
What it owes, and who funded it · $695m
Short-term liabilities $124mLonger-term liabilities $134mShareholders' equity $437m
  • Short-term assets cover short-term liabilities $317m of assets due within a year against $124m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $317m short-term assets against $134m of longer-dated liabilities.
  • More cash than debt $6m of cash against $9m of debt.
  • Debt below 40% of shareholders' equity Debt is 2% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 0% to 2% over five years.
  • A year's operating cash flow covers at least 20% of debt $107m of operating cash flow against $9m of debt.
  • Operating profit covers interest at least five times over Operating income of $71m against $1m of interest.

From Nwpx Infrastructure, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$6.6M
Returned to shareholders
8%
of free cash flow
Buybacks, last 3 fiscal years
$23.5M
Diluted share count
−2.0%
year over year
Total shareholder yield
0.7%
dividends 0.0% + buybacks 0.7% of market value
Sales & admin spending
9.1%
of revenue

Competitors: side by side with peers

Closest by revenue in building products
Last 12 months unless stated NWPX SWIM JBI CSTE HAYW TREX Median
Revenue, last 12 months $603m $577m $902m $397m $1.2bn $1.2bn $1.8bn
Revenue growth, last 12 months 15.9% 10.5% 0.3% −10.4% 7.6% 7.0% 3.7%
Revenue growth, 3-year average 11.0% −2.0% −5.4% 3.7% 6.7% 7.4% 3.6%
Revenue growth, latest quarter 18.8% 14.4% 2.4% — 6.5% 7.8% 8.0%
Gross margin 20.9% 33.4% 35.9% 18.4% 48.0% 38.2% 32.0%
Operating margin 11.8% 5.1% 9.3% −31.6% 21.6% 20.2% 7.0%
Operating margin, 3-year average 10.2% 4.7% 14.4% −6.8% 20.2% 24.0% 10.7%
Net margin 8.9% 0.9% 3.7% −34.6% 14.4% 14.7% 5.1%
Cash from operations / revenue 17.7% 13.9% 11.1% −9.6% 16.8% 29.6% 12.4%
Free-cash-flow margin 14.4% 8.5% 9.1% −11.8% 13.5% 17.2% 8.9%
Free-cash-flow margin, 3-year average 8.3% 8.6% 14.4% −2.3% 17.6% 7.7% 8.5%
Stock pay / revenue 1.2% 1.5% 1.8% 0.3% 1.3% 0.8% 0.7%
Change in share count −2.0% 3.3% −2.1% 0.1% −0.6% −2.1% −0.6%

Median of all 46 companies we cover in building products. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

46 building products companies
Measure Company Peer median Rank
Revenue growth Growth 15.9% 4.0% 8 of 46
Change in growth rate Growth +0.8pp +0.8pp 23 of 46
Gross margin Profitability 20.9% 32.1% 34 of 43
Operating margin Profitability 11.8% 7.2% 19 of 45
Net margin Profitability 8.9% 5.6% 21 of 46
Free-cash-flow margin Cash generation 14.4% 9.1% 10 of 46
Stock pay as % of revenue Cash generation 1.2% 0.7% 31 of 41
Long-term debt as % of assets Balance sheet 0.9% 25.7% 2 of 37
Change in share count Balance sheet -2.0% -0.6% 15 of 44

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Water Transmission Systems $351M 66.7% ▲ 3.8%
Precast Infrastructure and Engineered Systems $175M 33.3% ▲ 13.3%
Geography
Region Revenue Share YoY
United States $488M 92.7% ▲ 2.6%
Canada $38.4M 7.3% ▲ 120.1%

From Nwpx Infrastructure, Inc.'s 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.3B
Institutions reporting
228
Shares held vs prior quarter
▲ 5.1%
Positions opened / closed
59 / 18

Top buyers and sellers, Q2 2026: 126 institutions bought and 82 sold ; the biggest buyer was Blackrock, Inc (+163K shares) and the biggest seller Ddd Partners, LLC (−175K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $135M 903K 10.4% ▲ 22.0%
Dimensional Fund Advisors LP $95.3M 635K 7.3% ▼ 7.7%
Mirae Asset Global Etfs Holdings Ltd. $88.2M 588K 6.8% ▲ 8.4%
Vanguard Capital Management LLC $61.7M 411K 4.8% ▲ 0.8%
American Century Companies Inc $59.4M 396K 4.6% ▲ 61.8%
Geode Capital Management, LLC $44.7M 298K 3.4% ▲ 4.7%
Royce & Associates LP $43.4M 290K 3.3% ▼ 28.4%
Legal & General Group PLC $42.8M 285K 3.3% ▲ 8.3%
Ddd Partners, LLC $37.4M 250K 2.9% ▼ 41.2%
State Street Corp $33.7M 225K 2.6% ▲ 1.6%
LSV Asset Management $26.7M 178K 2.1% ▼ 3.8%
Morgan Stanley $26.1M 174K 2.0% ▲ 6.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Nwpx Infrastructure, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $10.3M 43 trades by 10 insiders · 96% under pre-set plans
Net ▼ $10.3M net selling
Insider Date Trade Shares Price Value
Roman Richard A Director October 15, 2026 Sell pre-set plan 4,000 $96.84 $387,354
Larson Keith R Director October 5, 2026 Sell pre-set plan 250 $106.48 $26,620
Stokes Eric SVP and Group President of WTS October 2, 2026 Sell pre-set plan 12,631 $105.86 $1.3M
Stokes Eric SVP and Group President of WTS October 1, 2026 Sell pre-set plan 12,353 $103.38 $1.3M
Larson Keith R Director September 28, 2026 Sell pre-set plan 1,000 $102.20 $102,195
Larson Keith R Director September 21, 2026 Sell pre-set plan 1,000 $102.31 $102,310
Wilkins Aaron CFO September 21, 2026 Sell pre-set plan 20 $101.93 $2,039
Larson Keith R Director September 14, 2026 Sell pre-set plan 1,000 $101.12 $101,119
Wilkins Aaron CFO September 14, 2026 Sell pre-set plan 1,950 $100.68 $196,329
Franson Michael C Director September 9, 2026 Sell 3,500 $105.30 $368,563
Roman Richard A Director September 8, 2026 Sell pre-set plan 4,000 $105.72 $422,877
Larson Keith R Director September 8, 2026 Sell pre-set plan 1,000 $105.87 $105,869

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 27, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • July 29, 2026
  • April 29, 2026
  • February 25, 2026
  • October 29, 2025
  • August 7, 2025

Recent SEC filings

Data status

When each part of this page on Nwpx Infrastructure, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Nwpx Infrastructure, Inc. in brief

What does Nwpx Infrastructure, Inc. do?
Nwpx Infrastructure, Inc. is a US-listed company in the building products industry. Its financial year ends in December.
What is Nwpx Infrastructure, Inc.'s stock ticker?
Nwpx Infrastructure, Inc. trades under the ticker NWPX on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Nwpx Infrastructure, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Nwpx Infrastructure, Inc. reported revenue of $603M, 15.9% higher than a year earlier, according to its SEC filings.
What is Nwpx Infrastructure, Inc.'s free cash flow?
Nwpx Infrastructure, Inc.'s free-cash-flow margin is 14.4% of revenue over the trailing twelve months, ranking 10 of the 46 building products companies we cover.
What is Nwpx Infrastructure, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Nwpx Infrastructure, Inc.'s free cash flow after stock-based pay gives ~$140 per share in the base case, and ~$110–$190 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Nwpx Infrastructure, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Dimensional Fund Advisors LP and Mirae Asset Global Etfs Holdings Ltd. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Nwpx Infrastructure, Inc. buying back stock, and does it pay a dividend?
Nwpx Infrastructure, Inc. spent $6.6M on share repurchases over the trailing twelve months, and its diluted share count fell 2.0% over the year.
What is Nwpx Infrastructure, Inc.'s market cap?
On November 2, 2026, Nwpx Infrastructure, Inc.'s market capitalisation was about $973M, with a price-to-earnings ratio of 18.2 and net debt of $15.4M. Market figures come from third-party market data and may be delayed.
How much debt does Nwpx Infrastructure, Inc. have?
Nwpx Infrastructure, Inc.'s debt-to-equity ratio is 2.1%, from its latest balance sheet (0.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are Nwpx Infrastructure, Inc.'s competitors?
In our Building Products peer group, the companies closest to Nwpx Infrastructure, Inc. are Latham Group, Inc., Janus International Group, Inc., Caesarstone Ltd., Hayward Holdings, Inc. and Trex Co Inc. The side-by-side comparison below sets their revenue, margins and growth against Nwpx Infrastructure, Inc.'s.
Are insiders buying or selling Nwpx Infrastructure, Inc. stock?
Over the last 12 months, Nwpx Infrastructure, Inc.'s directors and officers reported 0 open-market purchases and 43 sales on Form 4. The insider trading page charts every trade.
When is Nwpx Infrastructure, Inc.'s next earnings date?
Around January 27, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Nwpx Infrastructure, Inc. announces its own schedule.