Nwpx Infrastructure, Inc. income statement
In fiscal 2025, Nwpx Infrastructure, Inc. reported revenue of $526m, up 6.8% on the year before, operating income of $50.9m (a 9.7% margin) and net income of $35.4m, or $3.56 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 279 | 387 | 512 | 389 | 359 | 403 | 173 | 149 | 133 | 172 | 279 | 286 | 333 | 458 | 444 | 493 | 526 | 603 |
| Cost of revenue | 272 | 357 | 453 | 330 | 299 | 363 | 173 | 150 | 127 | 160 | 232 | 235 | 289 | 372 | 367 | 397 | 422 | 477 |
| Gross profit | 7 | 30 | 59 | 59 | 60 | 41 | 1 | 0 | 6 | 12 | 47 | 51 | 44 | 86 | 78 | 95 | 104 | 126 |
| Selling, general and administrative | 21 | 29 | 26 | 28 | 23 | 24 | 20 | 17 | 14 | 17 | 18 | 25 | 28 | 41 | 44 | 47 | 53 | 55 |
| Operating income | −14 | 1 | 33 | 31 | 38 | 0 | −25 | −10 | −9 | −3 | 29 | 26 | 16 | 45 | 34 | 48 | 51 | 71 |
| Interest expense | 5 | 9 | 9 | 5 | 4 | 2 | 1 | 1 | 0 | 1 | 0 | 1 | 1 | 4 | 5 | 6 | 3 | 1 |
| Provision for credit losses | — | — | 4 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Income before tax | −17 | −7 | 22 | 26 | 34 | −2 | −26 | −11 | −9 | 17 | 33 | 26 | 15 | 41 | 29 | 42 | 46 | 69 |
| Income tax | −6 | −2 | 10 | 8 | 12 | 5 | −9 | −4 | −1 | −3 | 5 | 7 | 4 | 10 | 8 | 8 | 11 | 15 |
| 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 |
| Diluted shares (average) | — | 9m | 9m | 9m | 10m | 10m | 10m | 10m | 10m | 10m | 10m | 10m | 10m | 10m | 10m | 10m | 10m | 10m |
| EBITDA | −3 | 14 | 47 | 48 | 51 | 14 | −15 | −0 | −3 | 6 | 41 | 40 | 30 | 62 | 50 | — | — | — |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 120 | 116 | 133 | 151 | 126 | 138 | 159 | 179 |
| Cost of revenue | 97 | 97 | 108 | 119 | 99 | 112 | 125 | 141 |
| Gross profit | 22 | 19 | 25 | 32 | 27 | 27 | 34 | 38 |
| Selling, general and administrative | 12 | 14 | 12 | 13 | 14 | 14 | 13 | 14 |
| Operating income | 10 | 6 | 13 | 19 | 13 | 13 | 21 | 24 |
| Interest expense | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Income before tax | 10 | 5 | 12 | 18 | 11 | 13 | 21 | 24 |
| Income tax | −0 | 1 | 3 | 5 | 2 | 2 | 6 | 6 |
| Net income | 10 | 4 | 9 | 14 | 9 | 11 | 16 | 18 |
| Diluted EPS | $1.00 | $0.39 | $0.91 | $1.38 | $0.90 | $1.08 | $1.62 | $1.86 |
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