15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 13.0% per year over the past 5 years.
Net income has grown in line with revenue (13.2% vs 13.0% per year).
Operating margin has been roughly flat, at 9.7% in the latest year.
Free cash flow has grown 2.3% per year over the past 5 years.
Financial health
Total debt ($11M) exceeds cash ($2M); net debt is $9M.
Total debt has grown slower than revenue (-3.3% vs 13.0% per year).
Operating income covered interest expense 19× in the latest year, down from 27× 5 years ago.
Total debt is 0.2× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$526M
$35M
19.7%
9.7%
$47M
$11M
$2M
2024
$493M
$34M
19.4%
9.8%
$34M
$14M
$5M
2023
$444M
$21M
17.5%
7.6%
$35M
$11M
$4M
2022
$458M
$31M
18.8%
9.8%
-$5M
—
$4M
2021
$333M
$12M
13.3%
4.8%
-$19M
—
$3M
2020
$286M
$19M
17.7%
8.9%
$42M
$14M
$38M
2019
$279M
$28M
16.9%
10.3%
$34M
$0
$31M
2018
$172M
$20M
7.0%
-1.7%
-$22M
—
$7M
2017
$133M
-$10M
4.4%
-6.9%
-$10M
—
$44M
2016
$149M
-$9M
0.0%
-6.7%
-$773000
—
$22M
2015
—
-$29M
—
—
$48M
—
$10M
2014
—
-$18M
—
—
$21M
—
$527000
2013
—
-$923000
—
—
-$8M
$6M
$588000
2012
—
$16M
—
—
$28M
$12M
$46000
2011
—
$13M
—
—
-$4M
$18M
$182000
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$138M
$11M
19.3%
9.2%
$26M
$11M
$14M
Dec '25
$126M
$9M
21.3%
10.4%
$31M
$11M
$2M
Sep '25
$151M
$14M
21.3%
12.6%
$13M
$12M
$3M
Jun '25
$133M
$9M
19.0%
9.9%
$2M
$13M
$2M
Mar '25
$116M
$4M
16.7%
4.8%
$1M
$14M
$5M
Dec '24
$120M
$10M
18.8%
8.8%
$32M
$14M
$5M
Sep '24
$130M
$10M
20.8%
11.9%
$17M
—
$6M
Jun '24
$130M
$9M
19.9%
10.5%
$16M
—
$5M
Mar '24
$113M
$5M
17.8%
7.7%
-$31M
—
$4M
Dec '23
$110M
$5M
17.5%
7.8%
$4M
$11M
$4M
Sep '23
$119M
$6M
16.3%
7.6%
$12M
—
$4M
Jun '23
$116M
$7M
19.3%
9.9%
-$3M
—
$4M
Mar '23
$99M
$2M
16.7%
4.8%
$22M
—
$4M
Dec '22
$107M
$8M
20.5%
10.3%
-$19M
—
$4M
Sep '22
$123M
$10M
20.4%
11.8%
$12M
—
$4M
Jun '22
$119M
$10M
20.3%
11.8%
$5M
—
$4M
Mar '22
$109M
$4M
13.5%
5.0%
-$3M
—
$3M
Dec '21
$103M
$2M
13.2%
3.0%
$3M
—
$3M
Sep '21
$85M
$5M
14.6%
8.0%
-$22M
—
$3M
Jun '21
$74M
$2M
12.9%
4.3%
$3M
$0
$23M
Valuation over time
How the market has priced NWPX against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 9.7× (Mar '23) to 39.9× (Jun '26).
The price-to-sales ratio has risen from 0.7× (Mar '23) to 2.7× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is NWPX growing its revenue and profit?
Over the past 5 years, Nwpx Infrastructure, Inc.'s revenue has grown 13.0% per year, and net income grown 13.2% per year. These are computed facts, not advice.
How much debt does NWPX have?
As of FY2025, Nwpx Infrastructure, Inc. reported $11M of total debt against $2M of cash; operating income covered interest expense 19×.
What is NWPX's profit margin?
In FY2025, gross margin was 19.7%, operating margin 9.7%, and net margin 6.7%.
What is NWPX's P/E ratio?
As of Jun '26, Nwpx Infrastructure, Inc. traded at a price-to-earnings ratio of about 39.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.