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MARKETS / NASDAQ / NWPX
NASDAQ · STEEL PIPE & TUBES · MID CAP

Nwpx Infrastructure, Inc. NWPX

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$526.0M
▲ 6.8% YoY
$35.4M
▲ 3.5% YoY
$47.1M
▲ 37.5% YoY
In brief

What this company does

NWPX Infrastructure, Inc. manufactures water-related infrastructure products. As of December 31, 2025, it had 1,318 employees, the overwhelming majority of which were full-time. Headquartered in Vancouver, Washington, it operates 13 manufacturing facilities across North America. NWPX Infrastructure, Inc. operates in two segments, Water Transmission Systems, operating as the Northwest Pipe Company brand, and Precast Infrastructure and Engineered Systems, which includes the brands NWPX Geneva and NWPX Park. The Precast Infrastructure and Engineered Systems segment manufactures stormwater and wastewater technology products and precast and reinforced concrete products, including reinforced concrete pipe, manholes, box culverts, vaults, catch basins, pump lift stations, oil water separators and biofiltration units. It was incorporated in the State of Oregon in 1966. On June 12, 2025, its shareholders approved an amendment to the Articles of Incorporation changing its corporate name from Northwest Pipe Company to NWPX Infrastructure, Inc.

Written from the business description in NWPX INFRASTRUCTURE, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth
USD 526.0M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 526.0 · Net income 35.4
200M400M200920112013201520172019202120232025
Compound annual growth
+4.7%
+13.0%
+11.8%
+2.1%
+4.4%
+13.2%
+4.6%
+13.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +13.0% a year over five years — but profit grew faster: net income at +13.2%, earnings per share at +13.0%.

The share count fell from 0.01B to 0.01B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
7 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 9.7% · Net 6.7%
5%10%-5%-10%-15%200920112013201520172019202120232025
ROE
FY2025 · ROE 9.2%
5%10%-5%-10%200920112013201520172019202120232025
Gross margin19.7%
Operating margin9.7%
Net margin6.7%
Return on assets6.1%
EBITDA—

Each USD of equity produced 9 cents of profit this year.

Cash & shareholders
USD 18.4M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 47.1
20M40M-20M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 18.4
8M16M20212022202320242025
Dividends paid—
Net buybacksUSD 18.4M
Share of profit51.8%
Consecutive raises—

USD 18.4M in buybacks — 52% of the year's profit went back to shareholders.

Total assetsUSD 579.6M
EquityUSD 394.8M
CashUSD 2.3M
Gross debtUSD 11.5M
Net debtUSD 9.2M
Current ratio3.78×

Net debt stands at 2% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.50.50.40.50.30.30.30.20.10.10.20.40.40.40.50.40.3
Operating income $B0.10.00.00.00.00.00.0−0.0−0.0−0.0−0.00.00.00.00.00.0−0.0
EBITDA $B·······0.0−0.0−0.0−0.00.00.10.00.00.0·
Income tax $B0.00.00.00.00.00.00.0−0.0−0.0−0.0−0.00.00.00.00.0−0.0−0.0
Net income $B0.00.00.00.00.00.00.00.0−0.0−0.0−0.0−0.0−0.00.00.0−0.0−0.0
Free cash flow $B0.00.00.0−0.0−0.00.00.0−0.0−0.0−0.00.00.0−0.00.0−0.0−0.00.1
EPS, diluted $3.563.402.093.111.161.932.852.09−1.06−0.97−3.07−1.88−0.101.721.35−0.59−1.20
Dividend / sh $·················
Payout %·················
ROE %9.29.66.410.44.27.412.09.7−5.0−4.3−12.7−7.0−0.46.55.4−2.4−4.8
Shares out B0.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.01·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySteel Pipe & Tubes
Listed onNASDAQ
Incorporated inOregon
Fiscal year endsDecember 31
Data on record since2009

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