NWPX Financials Nwpx Infrastructure, Inc.

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 Nov 1, 2026, 10:31 UTC 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

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2025	$526M	$35M	19.7%	9.7%	9.0%	6.1%	$47M	$11M	$2M
2024	$493M	$34M	19.4%	9.8%	9.1%	5.8%	$34M	$14M	$5M
2023	$444M	$21M	17.5%	7.6%	6.2%	3.5%	$35M	$11M	$4M
2022	$458M	$31M	18.8%	9.8%	9.8%	5.2%	-$5M	—	$4M
2021	$333M	$12M	13.3%	4.8%	4.1%	2.1%	-$19M	—	$3M
2020	$286M	$19M	17.7%	8.9%	7.1%	5.1%	$42M	$14M	$38M
2019	$279M	$28M	16.9%	10.3%	11.2%	9.0%	$34M	$0	$31M
2018	$172M	$20M	7.0%	-1.7%	9.3%	7.5%	-$22M	—	$7M
2017	$133M	-$10M	4.4%	-6.9%	-5.1%	-4.4%	-$10M	—	$44M
2016	$149M	-$9M	0.0%	-6.7%	-4.4%	-3.8%	-$773000	—	$22M
2015	—	-$29M	—	—	-13.5%	-11.3%	$48M	—	$10M
2014	—	-$18M	—	—	-7.3%	-5.1%	$21M	—	$527000
2013	—	-$923000	—	—	-0.4%	-0.2%	-$8M	$6M	$588000
2012	—	$16M	—	—	6.3%	3.8%	$28M	$12M	$46000
2011	—	$13M	—	—	5.3%	3.1%	-$4M	$18M	$182000

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Sep '26	$179M	$18M	21.3%	13.6%	4.2%	2.6%	$20M	$9M	$6M
Jun '26	$159M	$16M	21.5%	13.3%	3.8%	2.4%	$10M	$10M	$19M
Mar '26	$138M	$11M	19.3%	9.2%	2.6%	1.7%	$26M	$11M	$14M
Dec '25	$126M	$9M	21.3%	10.4%	2.2%	1.5%	$31M	$11M	$2M
Sep '25	$151M	$14M	21.3%	12.6%	3.5%	2.2%	$13M	$12M	$3M
Jun '25	$133M	$9M	19.0%	9.9%	2.4%	1.5%	$2M	$13M	$2M
Mar '25	$116M	$4M	16.7%	4.8%	1.0%	0.7%	$1M	$14M	$5M
Dec '24	$120M	$10M	18.8%	8.8%	2.7%	1.7%	$32M	$14M	$5M
Sep '24	$130M	$10M	20.8%	11.9%	2.8%	1.7%	$17M	—	$6M
Jun '24	$130M	$9M	19.9%	10.5%	2.5%	1.4%	$16M	—	$5M
Mar '24	$113M	$5M	17.8%	7.7%	1.5%	0.8%	-$31M	—	$4M
Dec '23	$110M	$5M	17.5%	7.8%	1.6%	0.9%	$4M	$11M	$4M
Sep '23	$119M	$6M	16.3%	7.6%	1.7%	1.0%	$12M	—	$4M
Jun '23	$116M	$7M	19.3%	9.9%	2.3%	1.2%	-$3M	—	$4M
Mar '23	$99M	$2M	16.7%	4.8%	0.7%	0.4%	$22M	—	$4M
Dec '22	$107M	$8M	20.5%	10.3%	2.5%	1.3%	-$19M	—	$4M
Sep '22	$123M	$10M	20.4%	11.8%	3.2%	1.7%	$12M	—	$4M
Jun '22	$119M	$10M	20.3%	11.8%	3.3%	1.6%	$5M	—	$4M
Mar '22	$109M	$4M	13.5%	5.0%	1.2%	0.6%	-$3M	—	$3M
Dec '21	$103M	$2M	13.2%	3.0%	0.8%	0.4%	$3M	—	$3M

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 27.0× (Nov '26).
The price-to-sales ratio has risen from 0.7× (Mar '23) to 1.8× (Nov '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?

Nwpx Infrastructure, Inc.'s P/E (TTM) is 17.85 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the NWPX stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 27.0× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.