(NWPX) Northwest Pipe - Overview
Stock: Steel Pipes, Precast Concrete, Stormwater, Wastewater, Infrastructure
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 32.4% |
| Relative Tail Risk | -11.5% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.01 |
| Alpha | 25.06 |
| Character TTM | |
|---|---|
| Beta | 0.905 |
| Beta Downside | 0.760 |
| Drawdowns 3y | |
|---|---|
| Max DD | 35.71% |
| CAGR/Max DD | 0.57 |
Description: NWPX Northwest Pipe December 28, 2025
NWPX Infrastructure, Inc. (NASDAQ: NWPX) manufactures and sells a broad range of water-related infrastructure products across North America, operating through two primary segments: Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure & Engineered Systems (Precast). The SPP segment focuses on large-diameter, high-pressure steel pipelines for drinking water, hydroelectric, wastewater, and industrial applications, while the Precast segment provides reinforced concrete solutions such as storm-water pipes, manholes, vaults, and biofiltration units.
Key performance indicators from the most recent fiscal year (2024) show revenue of approximately $720 million, with an EBITDA margin of 12.5% and a backlog of $380 million, suggesting a solid order pipeline that could sustain growth into 2025. The company’s exposure to the U.S. water-infrastructure renewal market aligns with the $550 billion federal investment outlined in the 2022 Infrastructure Investment and Jobs Act, a macro-driver that historically lifts demand for both steel and precast concrete products.
Geographically, NWPX derives roughly 85% of its sales from the United States and the remainder from Canada, selling under brands such as ParkUSA, Geneva Pipe, Permalok, and Northwest Pipe Company. The firm’s customer base is concentrated among installation contractors, which creates a relatively stable revenue stream but also concentrates credit risk among a limited set of large builders.
Recent sector trends-including rising construction material costs and tighter environmental regulations on storm-water management-have pressured margins but also created opportunities for premium-priced, engineered solutions that meet stricter compliance standards.
For a deeper quantitative breakdown, you might explore the company’s profile on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 8.5
| Net Income: 36.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 6.94 > 1.0 |
| NWC/Revenue: 38.18% < 20% (prev 41.79%; Δ -3.61% < -1%) |
| CFO/TA 0.11 > 3% & CFO 67.4m > Net Income 36.6m |
| Net Debt (129.4m) to EBITDA (61.3m): 2.11 < 3 |
| Current Ratio: 3.60 > 1.5 & < 3 |
| Outstanding Shares: last quarter (9.97m) vs 12m ago -0.89% < -2% |
| Gross Margin: 19.10% > 18% (prev 0.19%; Δ 1891 % > 0.5%) |
| Asset Turnover: 85.08% > 50% (prev 78.27%; Δ 6.81% > 0%) |
| Interest Coverage Ratio: 8.69 > 6 (EBITDA TTM 61.3m / Interest Expense TTM 5.89m) |
Altman Z'' 5.49
| A: 0.33 (Total Current Assets 274.9m - Total Current Liabilities 76.4m) / Total Assets 605.2m |
| B: 0.45 (Retained Earnings 272.9m / Total Assets 605.2m) |
| C: 0.08 (EBIT TTM 51.2m / Avg Total Assets 611.2m) |
| D: 1.24 (Book Value of Equity 272.1m / Total Liabilities 218.9m) |
| Altman-Z'' Score: 5.49 = AAA |
Beneish M -3.12
| DSRI: 0.90 (Receivables 195.0m/200.5m, Revenue 520.0m/483.1m) |
| GMI: 1.00 (GM 19.10% / 19.10%) |
| AQI: 0.97 (AQ_t 0.14 / AQ_t-1 0.15) |
| SGI: 1.08 (Revenue 520.0m / 483.1m) |
| TATA: -0.05 (NI 36.6m - CFO 67.4m) / TA 605.2m) |
| Beneish M-Score: -3.12 (Cap -4..+1) = AA |
What is the price of NWPX shares?
Over the past week, the price has changed by +0.13%, over one month by +7.40%, over three months by +19.44% and over the past year by +40.00%.
Is NWPX a buy, sell or hold?
- StrongBuy: 1
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the NWPX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 64 | -5.1% |
| Analysts Target Price | 64 | -5.1% |
| ValueRay Target Price | 79.5 | 17.8% |
NWPX Fundamental Data Overview January 27, 2026
P/E Forward = 16.9779
P/S = 1.2506
P/B = 1.6754
P/EG = 3.3934
Revenue TTM = 520.0m USD
EBIT TTM = 51.2m USD
EBITDA TTM = 61.3m USD
Long Term Debt = 36.9m USD (from longTermDebt, last quarter)
Short Term Debt = 7.76m USD (from shortTermDebt, last quarter)
Debt = 132.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 129.4m USD (from netDebt column, last quarter)
Enterprise Value = 779.6m USD (650.3m + Debt 132.0m - CCE 2.67m)
Interest Coverage Ratio = 8.69 (Ebit TTM 51.2m / Interest Expense TTM 5.89m)
EV/FCF = 16.17x (Enterprise Value 779.6m / FCF TTM 48.2m)
FCF Yield = 6.18% (FCF TTM 48.2m / Enterprise Value 779.6m)
FCF Margin = 9.27% (FCF TTM 48.2m / Revenue TTM 520.0m)
Net Margin = 7.04% (Net Income TTM 36.6m / Revenue TTM 520.0m)
Gross Margin = 19.10% ((Revenue TTM 520.0m - Cost of Revenue TTM 420.7m) / Revenue TTM)
Gross Margin QoQ = 21.28% (prev 19.05%)
Tobins Q-Ratio = 1.29 (Enterprise Value 779.6m / Total Assets 605.2m)
Interest Expense / Debt = 2.71% (Interest Expense 3.58m / Debt 132.0m)
Taxrate = 25.98% (4.74m / 18.2m)
NOPAT = 37.9m (EBIT 51.2m * (1 - 25.98%))
Current Ratio = 3.60 (Total Current Assets 274.9m / Total Current Liabilities 76.4m)
Debt / Equity = 0.34 (Debt 132.0m / totalStockholderEquity, last quarter 386.4m)
Debt / EBITDA = 2.11 (Net Debt 129.4m / EBITDA 61.3m)
Debt / FCF = 2.68 (Net Debt 129.4m / FCF TTM 48.2m)
Total Stockholder Equity = 379.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.99% (Net Income 36.6m / Total Assets 605.2m)
RoE = 9.65% (Net Income TTM 36.6m / Total Stockholder Equity 379.6m)
RoCE = 12.30% (EBIT 51.2m / Capital Employed (Equity 379.6m + L.T.Debt 36.9m))
RoIC = 9.03% (NOPAT 37.9m / Invested Capital 420.0m)
WACC = 8.03% (E(650.3m)/V(782.3m) * Re(9.25%) + D(132.0m)/V(782.3m) * Rd(2.71%) * (1-Tc(0.26)))
Discount Rate = 9.25% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.69%
[DCF Debug] Terminal Value 70.09% ; FCFF base≈31.5m ; Y1≈20.7m ; Y5≈9.42m
Fair Price DCF = 5.62 (EV 183.3m - Net Debt 129.4m = Equity 54.0m / Shares 9.61m; r=8.03% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: -6.84 | EPS CAGR: -39.45% | SUE: -4.0 | # QB: 0
Revenue Correlation: 69.04 | Revenue CAGR: 10.88% | SUE: 3.39 | # QB: 3
EPS next Quarter (2026-03-31): EPS=0.60 | Chg30d=+0.060 | Revisions Net=+1 | Analysts=2
EPS next Year (2026-12-31): EPS=3.82 | Chg30d=+0.000 | Revisions Net=+2 | Growth EPS=+16.1% | Growth Revenue=+1.0%