Saturday 17 October 2026 Export NWPX’s income statement to Excel — free account

NWPX Infrastructure, Inc.

NWPX Infrastructure, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $526.0 million, up 6.79% from fiscal 2024. In the quarter to June 2026, revenue grew 19.7%, EPS grew 80.2%, free cash flow grew 410.9% and total debt fell 77.1%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.

97.61 0.54 −0.55%

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Market cap: $945.9M
P/E: 19.3×
Fwd P/E: 23.9×
Dividend yield: —
F-score: 9/9
Altman Z: 4.24
Beneish M: −2.51
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 9.77

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	3	3	—	—	7	—	—	—	—	10	11	3

Insider Ownership 2.78%

Capital & Financial Ratios $m

Market Cap 945.89

Revenue 574.44

Net Income 48.75

Free Cash Flow 79.65

Net Debt (9.34)

Current Ratio 2.71

Debt/Equity 0.02

P/E ratio 19.29

Fwd P/E 23.90

P/S ratio 1.64

P/B ratio 2.25

Past 5Y EPS Growth 13.03%

This Y EPS Growth 52.40%

Next Y EPS Growth (8.35%)

Next Y revenue growth 14.79%

Next 5Y EPS Growth 13.99%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 79.77%

10-year low 10-year high

P/S against its own 10 years 94.77%

10-year low 10-year high

P/B against its own 10 years 95.72%

10-year low 10-year high

EV/Sales against its own 10 years 94.95%

10-year low 10-year high

EV/FCF against its own 10 years 52.06%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	4	5	2	19
Receivables	48	67	78	98
Inventory	91	80	74	91
Other	121	103	91	106
	272	262	251	318

	2023	2024	2025	Q'26
Payables	31	28	22	44
ST’ Debt	11	3	3	3
Other	21	11	9	38
	96	75	67	117

Compound Annual Growth %

	10y	5y	3y
Sales	11.75%	12.97%	4.75%
Cash Flow	2.00%	3.71%	56.54%
Earnings	0.00%	13.20%	4.37%
Book Value	6.14%	7.92%	7.44%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	138	159	—	—	—
’25	116	133	151	126	526
’24	113	130	130	120	493
’23	99	116	119	110	444
’22	109	119	123	107	458
’21	72	74	85	103	333
’20	69	70	78	69	286

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	29	14	—	—	—
’25	5	5	21	36	67
’24	(26)	22	23	36	55
’23	26	1	17	9	53
’22	2	9	15	(8)	18
’21	(1)	6	(19)	8	(6)
’20	15	14	15	13	56

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	26	10	—	—	—
’25	1	2	13	31	47
’24	(31)	16	17	32	34
’23	22	(3)	12	4	35
’22	(3)	5	12	(19)	(6)
’21	(2)	3	(22)	3	(19)
’20	12	10	11	8	42

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.08	1.62	—	—	—
’25	0.39	0.91	1.38	0.91	3.56
’24	0.52	0.86	1.02	1.00	3.40
’23	0.23	0.74	0.58	0.54	2.09
’22	0.36	0.97	0.99	0.79	3.11
’21	0.22	0.21	0.50	0.23	1.16
’20	0.06	0.61	0.73	0.53	1.93

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	7.46	12.41	16.52	18.04	18.52	23.11	24.30	25.58	27.89	36.97	Analyst estimates 2026–2028 Powerpack
	High	18.92	21.11	25.05	34.80	36.70	38.08	37.62	40.60	57.76	65.84
People
People	Employees	583	540	691	765	956	1,256	1,312	1,325	1,358	1,318
	Revenue/emp, $m	0.26	0.25	0.25	0.37	0.30	0.27	0.35	0.34	0.36	0.40
Income, $m
Income, $m	Revenue	149	133	172	279	286	333	458	444	493	526
	Gross margin, %	0.04	4.38	7.03	16.89	17.67	13.28	18.76	17.47	19.37	19.70
	EBT	(11)	(9)	17	33	26	15	41	29	42	46
	EBT margin, %	(7.26)	(7.15)	9.91	11.69	8.97	4.55	9.03	6.59	8.60	8.84
	Net income	(9)	(10)	20	28	19	12	31	21	34	35
	Depreciation	9	7	9	13	15	14	17	16	19	19
Per share, $
Per share, $	Revenue	15.58	13.81	17.70	28.67	29.21	33.83	46.16	44.48	49.67	53.82
	Earnings	(0.97)	(1.06)	2.09	2.86	1.95	1.17	3.14	2.11	3.45	3.62
	Cash flow	0.16	(0.78)	(1.89)	4.40	5.73	(0.59)	1.77	5.35	5.55	6.88
	Capex	(0.24)	(0.28)	(0.38)	(0.88)	(1.47)	(1.35)	(2.34)	(1.83)	(2.10)	(2.06)
	Free cash flow	(0.08)	(1.06)	(2.27)	3.52	4.26	(1.94)	(0.57)	3.52	3.45	4.82
	Book value	21.82	20.83	22.47	25.48	27.55	28.76	32.10	34.07	37.72	40.39
	Shares, m	10	10	10	10	10	10	10	10	10	10
Valuation, ×
Valuation, ×	P/E	0.00	0.00	11.15	11.65	14.51	27.18	10.67	14.35	13.99	17.21
	P/S	1.13	1.39	1.32	1.16	0.97	0.94	0.73	0.68	0.97	1.16
	P/B	0.80	0.92	1.04	1.31	1.03	1.11	1.04	0.88	1.28	1.55
	EV/Sales	1.03	1.12	1.38	1.08	0.88	1.21	0.92	0.82	1.04	1.18
	EV/FCF	(207.30)	(14.53)	(10.78)	8.83	6.01	(21.09)	(79.94)	10.30	14.97	13.17
Cash, $m
Cash, $m	Operating cash flow	2	(8)	(18)	43	56	(6)	18	53	55	67
	Capex	(2)	(3)	(4)	(9)	(14)	(13)	(23)	(18)	(21)	(20)
	Free cash flow	(1)	(10)	(22)	34	42	(19)	(6)	35	34	47
Balance, $m
Balance, $m	Working capital	130	124	128	153	146	164	188	176	187	185
	Total debt	1	1	12	10	14	92	94	65	39	12
	Net debt	(21)	(43)	5	(21)	(24)	89	91	61	34	9
	Shareholders’ equity	209	200	219	248	270	283	318	340	374	395
Returns, %
Returns, %	ROA	(3.70)	(4.31)	8.10	9.59	5.58	2.50	5.42	3.51	5.76	6.06
	ROIC	(3.31)	(3.65)	(0.83)	7.91	6.51	2.69	6.85	5.27	7.39	7.86
	ROE	(4.34)	(4.96)	9.70	11.96	7.36	4.17	10.35	6.40	9.58	9.21

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SIM Grupo Simec, S.A. de C.V.	$4.6B	23.3×	28.5×	+29.60% (above 0%: growing)	n/m	+51.13% (above 0%: growing)	24.99%	15.91%	Compare
WS Worthington Steel, Inc.	$2.0B	— (loss-making)	14.3×	+212.36% (above 0%: growing)	n/m	−42.57% (below 0%: shrinking)	9.58%	2.05%	Compare
SID National Steel Company	$1.5B	— (loss-making)	199×	+18.55% (above 0%: growing)	n/m	+8.38% (above 0%: growing)	25.92%	5.54%	Compare
MTL Mechel PAO	$1.2B	0.8×	10.3×	+70.05% (above 0%: growing)	n/m	+467.53% (above 0%: growing)	44.33%	0.00%	Compare
NWPX NWPX Infrastructure, Inc.	$945.9M	19.3×	23.9×	+19.74% (above 0%: growing)	+80.22% (above 0%: growing)	+410.94% (above 0%: growing)	21.54%	13.26%
MTUS Metallus Inc.	$846.4M	108×	25.5×	+11.95% (above 0%: growing)	+133.33% (above 0%: growing)	−114.12% (below 0%: shrinking)	10.00%	3.46%	Compare
ASTL Algoma Steel Group Inc.	$433.2M	— (loss-making)	— (loss-making)	−54.68% (below 0%: shrinking)	n/m	+20.93% (above 0%: growing)	(39.36%)	(50.17%)	Compare
FRD Friedman Industries Inc.	$297.6M	10.5×	5.0×	+78.05% (above 0%: growing)	+152.11% (above 0%: growing)	−62.51% (below 0%: shrinking)	13.73%	8.77%	Compare
MSB Mesabi Trust	$236.7M	36.3×	56.9×	−55.76% (below 0%: shrinking)	n/m	−94.31% (below 0%: shrinking)	100.00%	100.00%	Compare
Median of peers	$1.0B	23.3×	25.5×	+24.08%	—	−17.10%	19.36%	4.50%

All 21 Steel stocks →

NWPX Infrastructure, Inc. (NWPX) key facts

Strength: NWPX Infrastructure, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $526.0 million, up 6.79% from fiscal 2024.
NWPX Infrastructure, Inc. (NWPX) is a Steel company in the Basic Materials sector, listed on Nasdaq.
As of October 16, 2026, NWPX traded at $97.61, a market capitalization of $945.9 million.
Return on equity was 9.21% and debt-to-equity 0.02.
Its Piotroski F-score is 9 out of 9 and its Altman Z-score is 4.24 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.