NWPX Infrastructure, Inc. (NWPX) AI Stock Analysis

Northwest Pipe Company, operating as NWPX Infrastructure, Inc., manufactures and distributes essential water infrastructure products across North America through two core segments: Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment produces large-diameter, high-pressure steel pipeline systems designed for drinking water systems, hydroelectric power installations, wastewater facilities, and industrial piping. The Precast segment supplies concrete products including manholes, box culverts, vaults, catch basins, oil water separators, pump lift stations, and biofiltration systems. The company primarily serves installation contractors handling municipal and industrial water projects.

Between FY2021 and FY2025, annual revenue expanded from $333.3M to $526.2M, delivering a 5-year revenue CAGR of 13.0%. Over the same period, gross margin improved from 13.3% to 19.7%, and operating margin increased from 4.8% to 9.7%. Net income advanced from $11.5M in FY2021 to $35.4M in FY2025, with diluted EPS rising from $1.64 to $3.61. For the trailing twelve months, revenue reached $574.4M with an operating margin of 13.3% and EPS of $4.97. In the latest quarter ended June 30, 2026, quarterly revenue growth accelerated to 19.7% year-over-year, alongside 78.0% quarterly earnings growth.

As of June 30, 2026, NWPX held $19.3M in cash and short-term investments against total debt of $100.6M, resulting in net debt of $81.3M. The company maintains a healthy liquidity profile with a current ratio of 2.71 and a debt-to-equity ratio of 0.24 on $418.6M in shareholders equity. Operating cash flow improved to $67.3M in FY2025, funding $20.2M in capital expenditures and $18.4M in share buybacks.

Trading at $97.61, NWPX has a market capitalization of $940.7M and an enterprise value of $1.07B. The stock trades at a trailing P/E of 19.6x, compared to 19.7x for the median of its US-listed Basic Materials peers. Its forward P/E of 20.0x stands above the peer median of 13.4x, while EV/EBITDA of 12.5x compares to the peer median of 10.5x. Over the past year, NWPX gained 88.7%, significantly outperforming the 16.8% return of the S&P 500.

NWPX has 2 analyst ratings, both maintaining a Hold recommendation. The average 12-month price target is $111.00, representing 13.7% upside relative to the last close of $97.61. Analysts project FY2026 EPS of $5.46 on revenue of $603.8M, but anticipate FY2027 revenue to decline 4.0% to $579.6M. The company has beaten EPS expectations in each of the last 4 quarters, with its next earnings release scheduled for October 28, 2026.

This page is an AI-written research summary of NWPX Infrastructure, Inc. (NWPX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: NWPX income statement, NWPX balance sheet, NWPX key metrics, NWPX analyst forecast, NWPX chart. See the NWPX stock overview for the latest quote and news.