NWPX Infrastructure, Inc.

NWPX Infrastructure, Inc.

NWPXยทNASDAQ

$119.70

+1.2%
IndustrialsManufacturing - Metal Fabrication

NWPX Infrastructure, Inc., together with its subsidiaries, engages in the manufacture and sale of water-related infrastructure products in North America and Canada. It operates through two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment provides large-diameter and 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. In addition, this segment makes products for industrial plant piping systems and certain structural 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, steel casing pipes, and bar-wrapped concrete cylinder pipes, as well as pipeline system joints, fittings, specialized components, and other environmental and engineered solutions. The company sells its water infrastructure products under the ParkUSA, Geneva Pipe and Precast, Permalok, and Northwest Pipe Company brands primarily 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.

At a Glance

Live Snapshot
Market Cap$1.15B
EPS3.6200
P/E Ratio33.07
Earnings Date08/06/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is elevated (P/E 33.1).

Valuation inputs: P/E 33.1, earnings yield +3.0%, momentum +1.2%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is acceptable (ROE +9.0%, ROIC +7.5%).

Profitability stack: net margin +6.7%, ROE +9.0%, ROIC +7.5%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +31.9%, momentum +1.2%, net margin +6.7%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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NWPX Infrastructure, Inc. Market vs Earnings Trajectory

NWPX ยท NASDAQ

Loading price and EPS data...

NWPX Infrastructure, Inc.

NWPX Infrastructure, Inc. Fair Value Envelope

NWPX ยท NASDAQ

Our analysis suggests that NWPX has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $119.7, this represents a potential HIDDEN relative to our calculated worth for NWPX Infrastructure, Inc..

Intrinsic Value
Current Price: $119.7
3Y+15.0%
5Y+86.0%
10Y-469.0%
3Y+15.0%
5Y+84.0%
10Y+237.0%
3Y+14.0%
5Y+86.0%
10Y-482.0%
3Y+284.0%
5Y+20.0%
10Y+4329.0%
3Y-939.0%
5Y+13.0%
10Y-6194.0%
3Y-4.0%
5Y+55.0%
10Y+140.0%
NWPX Infrastructure, Inc.

NWPX Infrastructure, Inc. Profit Bridge

NWPX ยท NASDAQ
Revenue526.17M
Cost of Goods Sold (422.37M)
Gross Profit103.81M
Operating Expenses (52.77M)
Operating Income51.04M
Interest Expense (2.65M)
Other Income/Expense-4.56M
Pretax Income46.48M
Income Tax (11.07M)
Net Income35.41M
Net Income
35.41M

Profitability Analysis

Gross Margin

19.7%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

9.7%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

6.7%

Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.

Effective Tax Rate

23.8%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

19.73%
Gross Profit Margin
2%
3Y+5.0%
5Y+12.0%
10Y-1056.0%
9.70%
Operating Profit Margin
-1%
3Y-1.0%
5Y-208.0%
10Y-212.0%
6.73%
Net Profit Margin
-3%
3Y-1.0%
5Y+1.0%
10Y-214.0%
8.97%
Return on Equity
-2%
3Y-8.0%
5Y+27.0%
10Y-303.0%
6.11%
Return on Assets
5%
3Y+18.0%
5Y+20.0%
10Y-259.0%
7.47%
Return on Invested Capital
3Y+16.0%
5Y-233.0%
10Y-287.0%
NWPX

NWPX Infrastructure, Inc. Cash Conversion Engine

NWPX ยท NASDAQ
Net Income35.41M
Depreciation & Amortization19.44M
Stock-Based Compensation5.56M
Change in Working Capital-6.52M
Others9.11M
Capital Expenditures-20.18M
Free Cash Flow47.11M

Cash Flow Quality Analysis

FCF Conversion Rate

133.0%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

30.0%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

+37.5%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$6.52M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

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NWPX Infrastructure, Inc. Funding & Solvency Profile

NWPX ยท NASDAQ
Cash & Cash Equivalents14.26M
Net Receivables209.93M
Inventory69.80M
Other Current Assets5.18M
Total Current Assets299 M
Property, Plant & Equipment250.94M
Goodwill & Intangible Assets78.98M
Long-Term Investments0.00
Other Non-Current Assets5.06M
Total Non-Current Assets256 M
Total Assets
634.14M

Financial Health Analysis

Current Ratio

2.68x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.57x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

188 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

47% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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NWPX Infrastructure, Inc. Street Expectations Map

NWPX ยท NASDAQ

Wall Street analysts project that NWPX stock may decline over the coming 12 months. The consensus 1-year price target stands at 60.00, with estimates ranging from a low of 50.00 to a high of 70.00.

Lowest Target
50.00
-58.23%
Consensus Target
60.00
-49.87%
Highest Target
70.00
-41.52%

The consensus 1-year price target stands at 60.00, with estimates ranging from a low of 50.00 to a high of 70.00.

Analyst Consensus Analysis

Upside Potential

-49.9%

Significant downside risk. Stock trading well above analyst consensus suggests elevated valuation concerns and potential correction.

Analyst Agreement

33.3% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Risk-Reward Profile

0.71x

Unfavorable risk-reward. Downside risk exceeds upside potential. Consider defensive positioning or alternative opportunities.

Analyst Conviction

Low

Bearish or uncertain outlook. Limited upside or poor consensus suggests challenges ahead or fundamental concerns.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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NWPX Infrastructure, Inc. Insider Positioning

NWPX ยท NASDAQ

During the last 12 months, insiders have purchased $510K and sold $3.48M worth of NWPX shares, resulting in $2.97M of net selling activity.

3 Months

Bought

0

0.00

Sold

20.3K

1.47M

Net Activity

-1.5M

-$1.47M

3-6 Months

Bought

0

0.00

Sold

16.3K

1.07M

Net Activity

-1.1M

-$1.07M

6-9 Months

Bought

0

0.00

Sold

9.0K

510.19K

Net Activity

-510K

-$510K

9-12 Months

Bought

13.0K

509.83K

Sold

8.5K

433.72K

Net Activity

+76K

+$76K

Top Buyers

1
LI

Lockridge Irma

Director

2.2K sharesโ€ข1 transactions

$85K

2
LKR

Larson Keith R

Director

2.2K sharesโ€ข1 transactions

$85K

3
JA

Julian Amanda

Director

2.2K sharesโ€ข1 transactions

$85K

4
FMC

Franson Michael C

Director

2.2K sharesโ€ข1 transactions

$85K

5
RRA

Roman Richard A

Director

2.2K sharesโ€ข1 transactions

$85K

Top Sellers

1
BM

Brittain Miles

Officer: Executive Vice President

15.3K sharesโ€ข4 transactions

$971K

2
MSJ

Montross Scott J

Officer: President & Ceo

10.6K sharesโ€ข5 transactions

$756K

3
WA

Wilkins Aaron

Officer: Cfo

11.3K sharesโ€ข6 transactions

$636K

4
KMA

Kendrick Megan A.

Officer: Sr. Vp Of Human Resources

8.0K sharesโ€ข2 transactions

$538K

5
FMC

Franson Michael C

Director

5.5K sharesโ€ข1 transactions

$331K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $2.97M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.15:1

Weak buy/sell ratio. Selling significantly exceeds buyingโ€”monitor for potential fundamental concerns.

Recent Trend (3 Months)

$1.47M

Heavy recent selling activity. Recent insider sales notably exceed purchasesโ€”may warrant investigation into company developments.

Insider Participation

Balanced

5 insider buyers and 5 sellers. Equal participation suggests mixed or neutral insider views.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.

No Dividend Yield Data

NWPX has not reported any dividend yield values in the available annual periods.

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nwpx Dividend History

NWPX
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%