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NWPX Infrastructure, Inc.

NWPX Basic Materials Steel

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%
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 (at or above 1.5: strong)
Debt/Equity 0.02 (at or below 0.5: strong)
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% (at or above 15%: strong)
Next Y EPS Growth (8.35%) (below 0%: weak)
Next Y revenue growth 14.79% (at or above 10%: strong)
Next 5Y EPS Growth 13.99%

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.6×, against a ten-year median of 1.0×; over the ten years it ranged from 0.5× in 2016 to 2.5× in 2026.
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.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

NWPX Infrastructure, Inc. vs peers in Steel (Q) = latest quarter vs a year earlier

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.

NWPX Infrastructure, Inc. (NWPX) Latest News

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stockrow.com/NWPX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com