NWPX Infrastructure (NWPX) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

NWPX Infrastructure

NasdaqGS•Basic Materials•Steel

$100.52-4.12(-0.04%)Pre-market

Market Cap

$976.62M

P/E

20.0x

P/S

1.7x

P/B

2.3x

NWPX Infrastructure, Inc., together with its subsidiaries, manufactures and sells water-related infrastructure products in the United States and Canada. It operates through two segments, Water Transmission Systems (WTS); and Precast Infrastructure and Engineered Systems (Precast). The WTS segment manufactures large-diameter, high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications. The Precast segment offers stormwater and wastewater technology products, precast, and reinforced concrete products, including reinforced concrete pipe, manholes, box culverts, vaults and catch basins, pump lift stations, oil water separators, biofiltration units, and other environmental and engineered solutions. It provides its products under the NWPX Geneva and NWPX Park brand names; and manufactures engineered water transmission systems and produces steel casing pipe, bar-wrapped concrete cylinder pipe, and pipeline system joints and fittings under the Northwest Pipe Company brand. In addition, the company provides solution-based products for various markets, including reinforced precast concrete products, lined precast sanitary sewer system structures, water distribution and management equipment including pump lift stations, wastewater pretreatment, and stormwater quality products. Further, it sells water infrastructure products to installation contractors. The company was formerly known as Northwest Pipe Company and changed its name to NWPX Infrastructure, Inc. in June 2025. NWPX Infrastructure, Inc. was incorporated in 1966 and is headquartered in Vancouver, Washington.

How this company scores

ExcellentMetricSide Score: 96/100

Strongest: Growth (25/25); weakest: Profitability (21/25).

Profitability21/25

Growth25/25

Balance Sheet & Red Flags25/25

Cash & Earnings Quality25/25

Strengths

Growing revenueRising free cash flowRising earningsLow leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 20.0x5y range 10.5x – 27.0x

Currently above its 20-quarter median.

P/S · 1.7x5y range 0.6x – 1.7x

Currently above its 20-quarter median.

P/B · 2.3x5y range 0.8x – 2.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $976.62M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $574.44M
Q. Revenue: $159.48M
TTM EBITDA: $86.40M
TTM Op. Income: $65.87M
Q. Op. Income: $21.15M
TTM Net Income: $48.75M
Q. Net Income: $15.83M
EPS: $1.64
Shares Out.: $9.64M

$574.44M in TTM revenue grew 15.1% YoY, reaching $159.48M last quarter. TTM EBITDA of $86.40M and TTM operating income of $65.87M show growth is flowing through to the bottom line. TTM net income of $48.75M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 21.5%
EBITDA Margin: 16.8%
Op. Margin: 13.3%
Net Margin: 9.9%

Op. margin of 13.3% is up 3.3% YoY — cost efficiency is improving. Net margin at 9.9% and gross margin of 21.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 33% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 20.0x
P/S Ratio: 1.7x
P/B Ratio: 2.3x

At 20.0x P/E, the stock trades within typical market levels. P/S of 1.7x and P/B of 2.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 4 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $651.90M
Cash: $19.32M
Long-Term Debt: $6.99M
Book Value: $418.60M
D/E Ratio: 0.0
Debt/EBITDA: 0.3

With $651.90M in assets and $6.99M in long-term debt, D/E is 0.0and book value is $418.60M — a conservative capital structure with a cushion to weather downturns. Across the last 7 quarters, debt/equity has fallen for 6 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $14.07M
TTM Free Cash Flow: $79.65M
FCF Margin: 13.9%
FCF / Net Income: 1.6

TTM FCF of $79.65M on $14.07M in operating cash flow. The FCF / Net Income ratio of 1.6x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.