NWPX Stock Analysis: NWPX Infrastructure | NASDAQ
Steel | NASDAQ, USA | Market Cap: 962m USD | 12M Return: 79.8% | US6677461013 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 10.9M
EPS Trend: 95.3%
Qual. Beats: 5
Rev. Trend: 97.8%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
NWPX Infrastructure, Inc. (NASDAQ: NWPX) manufactures and sells water-related infrastructure products in the United States and Canada through two operating segments: Water Transmission Systems (WTS) and Precast Infrastructure and Engineered Systems (Precast). The WTS segment produces large-diameter, high-pressure steel pipeline systems primarily for drinking water infrastructure, with additional applications in hydroelectric power, wastewater, and seismic resiliency. The Precast segment supplies stormwater and wastewater technology products, including reinforced concrete pipe, manholes, box culverts, vaults, catch basins, pump lift stations, and other engineered concrete solutions.
The company markets its products under the NWPX Geneva, NWPX Park, and Northwest Pipe Company brand names, and sells primarily to installation contractors serving municipal and utility end markets. NWPX was incorporated in 1966, is headquartered in Vancouver, Washington, and rebranded from Northwest Pipe Company to NWPX Infrastructure, Inc. in June 2025.
As a small-cap stock (~$989M market capitalization) classified within the Industrials sector and Construction & Engineering sub-industry, NWPX operates in the regulated water and wastewater utility supply chain, which is typically driven by municipal capital spending, population growth, and replacement of aging underground infrastructure.
- IIJA federal funding drives water infrastructure project backlog
- Steel input cost volatility pressures WTS segment gross margins
- Precast segment expands on stormwater and wastewater regulation
| Net Income: 53.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA 4.53 > 1.0 |
| NWC/Revenue: 32.09% < 20% (prev 38.18%; Δ -6.09% < -1%) |
| CFO/TA 0.15 > 3% & CFO 106.8m > Net Income 53.5m |
| Net Debt (204.2m) to EBITDA (90.6m): 2.25 < 3 |
| Current Ratio: 2.56 > 1.5 & < 3 |
| Outstanding Shares: last quarter (9.80m) vs 12m ago -0.08% < -2% |
| Gross Margin: 20.90% > 18% (prev 19.10%; Δ 1.80% > 0.5%) |
| Asset Turnover: 92.75% > 50% (prev 85.92%; Δ 6.83% > 0%) |
| Interest Coverage Ratio: 48.63 > 6 (EBIT TTM 71.1m / Interest Expense TTM 1.46m) |
| A: 0.28 (Total Current Assets 317.1m - Total Current Liabilities 123.7m) / Total Assets 694.6m |
| B: 0.47 (Retained Earnings 326.3m / Total Assets 694.6m) |
| C: 0.11 (EBIT TTM 71.1m / Avg Total Assets 649.9m) |
| D: 1.70 (Book Value of Equity 437.3m / Total Liabilities 257.3m) |
| Altman-Z'' = 5.88 = AAA |
| DSRI: 0.51 (Receivables 115.5m/195.0m, Revenue 602.8m/520.0m) |
| GMI: 0.91 (GM 19.10% / 20.90%) |
| AQI: 1.24 (AQ_t 0.18 / AQ_t-1 0.14) |
| SGI: 1.16 (Revenue 602.8m / 520.0m) |
| TATA: -0.08 (NI 53.5m - CFO 106.8m) / TA 694.6m) |
| Beneish M = -3.26 (Cap -4..+1) = AA |
As of October 29, 2026, the stock is trading at USD 99.67 with a total of 122,285 shares traded. Over the past week, the price has changed by +0.32%, over one month by -3.34%, over three months by -21.05% and over the past year by +79.83%.
Current recommended Stop Loss: 95.80 (which is 3.9% or 1.2 ATR below the current price).
NWPX Infrastructure has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold NWPX.
- StrongBuy: 0
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 111 | 11.4% |
P/E Trailing = 20.0885
P/E Forward = 18.9036
P/S = 1.675
P/B = 2.2299
P/EG = 1.7198
Revenue TTM = 602.8m USD
EBIT TTM = 71.1m USD
EBITDA TTM = 90.6m USD
Long Term Debt = 8.76m USD (from longTermDebt, last fiscal year)
Short Term Debt = 8.67m USD (from shortTermDebt, last quarter)
Debt = 210.3m USD (from shortLongTermDebtTotal, last quarter) + Leases 90.6m
Net Debt = 204.2m USD (calculated: Debt 210.3m - CCE 6.06m)
Enterprise Value = 1.17b USD (962.2m + Debt 210.3m - CCE 6.06m)
Interest Coverage Ratio = 48.63 (Ebit TTM 71.1m / Interest Expense TTM 1.46m)
EV/FCF = 13.43x (Enterprise Value 1.17b / FCF TTM 86.8m)
FCF Yield = 7.44% (FCF TTM 86.8m / Enterprise Value 1.17b)
FCF Margin = 14.41% (FCF TTM 86.8m / Revenue TTM 602.8m)
Net Margin = 8.87% (Net Income TTM 53.5m / Revenue TTM 602.8m)
Gross Margin = 20.90% ((Revenue TTM 602.8m - Cost of Revenue TTM 476.8m) / Revenue TTM)
Gross Margin QoQ = 21.29% (prev 21.54%)
Tobins Q-Ratio = 1.68 (Enterprise Value 1.17b / Total Assets 694.6m)
Interest Expense / Debt = 0.70% (Interest Expense 1.46m / Debt 210.3m)
Taxrate = 22.25% (15.3m / 68.8m)
NOPAT = 55.3m (EBIT 71.1m * (1 - 22.25%))
Current Ratio = 2.56 (Total Current Assets 317.1m / Total Current Liabilities 123.7m)
Debt / Equity = 0.48 (Debt 210.3m / totalStockholderEquity, last quarter 437.3m)
Debt / EBITDA = 2.25 (Net Debt 204.2m / EBITDA 90.6m)
Debt / FCF = 2.35 (Net Debt 204.2m / FCF TTM 86.8m)
Total Stockholder Equity = 413.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 8.23% (Net Income 53.5m / Total Assets 694.6m)
RoE = 12.93% (Net Income TTM 53.5m / Total Stockholder Equity 413.6m)
RoCE = 16.85% (EBIT 71.1m / Capital Employed (Equity 413.6m + L.T.Debt 8.76m))
RoIC = 9.65% (NOPAT 55.3m / Invested Capital 573.5m)
WACC = 8.53% (E(962.2m)/V(1.17b) * Re(10.28%) + D(210.3m)/V(1.17b) * Rd(0.70%) * (1-Tc(0.22)))
Discount Rate = 10.28% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -82.70 | Cagr: -0.85%
[DCF] Terminal Value 77.38% ; FCFF base≈71.4m ; Y1≈81.8m ; Y5≈120.4m
[DCF] Fair Price = 161.0 (EV 1.76b - Net Debt 204.2m = Equity 1.55b / Shares 9.64m; r=8.53% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 95.27 | EPS CAGR: 30.85% | SUE: 1.26 | # QB: 5
Revenue Correlation: 97.85 | Revenue CAGR: 10.33% | SUE: 1.66 | # QB: 1
EPS current Quarter (2026-09-30): EPS=1.64 | Chg30d=+6.02% | Revisions=+40% | Analysts=2
EPS current Year (2026-12-31): EPS=5.46 | Chg30d=+12.97% | Revisions=+40% | GrowthEPS=+52.0% | GrowthRev=+14.8%
EPS next Year (2027-12-31): EPS=5.24 | Chg30d=+3.21% | Revisions=-40% | GrowthEPS=-4.1% | GrowthRev=-4.0%
[Analyst] Revisions Ratio: +22% (up=4, down=2)