(NWPX) Northwest Pipe - Overview
Sector: Basic Materials | Industry: Steel | Exchange: NASDAQ (USA) | Market Cap: 766m USD | Total Return: 102.1% in 12m
Steel Pipe, Concrete Pipe, Water Systems, Infrastructure
Total Rating 64
Safety 94
Buy Signal 0.29
Steel
Industry Rotation: -5.2
Industry Rotation: -5.2
Market Cap:
766M
Avg Turnover: 8.92M USD
Avg Turnover: 8.92M USD
ATR:
4.00%
Peers RS (IBD): 73.3
Peers RS (IBD): 73.3
Risk 5d forecast
Volatility34.2%
Rel. Tail Risk-14.3%
Reward TTM
Sharpe Ratio1.77
Alpha70.59
Character TTM
Beta1.147
Beta Downside0.730
Drawdowns 3y
Max DD35.36%
CAGR/Max DD1.17
EPS (Earnings per Share)
EPS CAGR: -50.37%
EPS Trend: -13.3%
EPS Trend: -13.3%
Last SUE: -4.00
Qual. Beats: 0
Qual. Beats: 0
Revenue
Rev. CAGR: 3.78%
Rev. Trend: 63.1%
Rev. Trend: 63.1%
Last SUE: 0.53
Qual. Beats: 0
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Description: NWPX Northwest Pipe
NWPX Infrastructure, Inc. manufactures water-related infrastructure products across North America, operating through two primary segments: Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems. The SPP segment focuses on large-diameter, high-pressure steel pipeline systems essential for drinking water, hydroelectric power, and seismic resiliency applications. The Precast segment supplies stormwater and wastewater technologies, including reinforced concrete pipes, manholes, and biofiltration units under brands such as ParkUSA and Geneva Pipe.
As a supplier primarily to installation contractors, the company’s revenue cycle is closely tied to municipal capital improvement budgets and federal infrastructure spending aimed at modernizing aging water grids. Headquartered in Vancouver, Washington, the firm was founded in 1966 and rebranded from Northwest Pipe Company in 2025. Investors reviewing sector-specific efficiency ratios can find additional data on ValueRay.
- Infrastructure spending drives steel pipe demand
- Raw material costs impact manufacturing margins
- Water infrastructure projects fuel precast product sales
- Regulatory changes affect pipeline construction
- Interest rates influence municipal project financing
Piotroski VR‑10 (Strict)
8.5
| Net Income: 35.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 2.32 > 1.0 |
| NWC/Revenue: 35.15% < 20% (prev 38.04%; Δ -2.89% < -1%) |
| CFO/TA 0.12 > 3% & CFO 67.3m > Net Income 35.4m |
| Net Debt (107.7m) to EBITDA (68.8m): 1.56 < 3 |
| Current Ratio: 3.78 > 1.5 & < 3 |
| Outstanding Shares: last quarter (9.80m) vs 12m ago -3.03% < -2% |
| Gross Margin: 19.70% > 18% (prev 0.19%; Δ 1.95k% > 0.5%) |
| Asset Turnover: 89.97% > 50% (prev 83.53%; Δ 6.44% > 0%) |
| Interest Coverage Ratio: 7.32 > 6 (EBITDA TTM 68.8m / Interest Expense TTM 7.36m) |
Altman Z''
5.90
| A: 0.32 (Total Current Assets 251.4m - Total Current Liabilities 66.5m) / Total Assets 579.6m |
| B: 0.49 (Retained Earnings 281.7m / Total Assets 579.6m) |
| C: 0.09 (EBIT TTM 53.8m / Avg Total Assets 584.6m) |
| D: 1.52 (Book Value of Equity 281.7m / Total Liabilities 184.8m) |
| Altman-Z'' Score: 5.90 = AAA |
Beneish M
-3.13
| DSRI: 0.93 (Receivables 169.2m/170.4m, Revenue 526.0m/492.5m) |
| GMI: 0.98 (GM 19.70% / 19.37%) |
| AQI: 0.96 (AQ_t 0.14 / AQ_t-1 0.15) |
| SGI: 1.07 (Revenue 526.0m / 492.5m) |
| TATA: -0.05 (NI 35.4m - CFO 67.3m) / TA 579.6m) |
| Beneish M-Score: -3.13 (Cap -4..+1) = AA |
What is the price of NWPX shares?
As of April 06, 2026, the stock is trading at USD 79.68 with a total of 66,614 shares traded.
Over the past week, the price has changed by +5.20%, over one month by +1.48%, over three months by +24.68% and over the past year by +102.08%.
Over the past week, the price has changed by +5.20%, over one month by +1.48%, over three months by +24.68% and over the past year by +102.08%.
Is NWPX a buy, sell or hold?
Northwest Pipe has received a consensus analysts rating of 4.00.
Therefore, it is recommended to buy NWPX.
- StrongBuy: 1
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the NWPX price?
| Analysts Target Price | 86 | 7.9% |
Northwest Pipe (NWPX) - Fundamental Data Overview
as of 04 April 2026
P/E Trailing = 22.382 P/E Forward = 19.4553
P/S = 1.4557
P/B = 1.9437
P/EG = 1.7684
Revenue TTM = 526.0m USD
EBIT TTM = 53.8m USD
EBITDA TTM = 68.8m USD
Long Term Debt = 8.76m USD (from longTermDebt, last quarter)
Short Term Debt = 7.82m USD (from shortTermDebt, last quarter)
Debt = 102.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 107.7m USD (from netDebt column, last quarter)
Enterprise Value = 866.2m USD (765.7m + Debt 102.8m - CCE 2.27m)
Interest Coverage Ratio = 7.32 (Ebit TTM 53.8m / Interest Expense TTM 7.36m)
EV/FCF = 18.39x (Enterprise Value 866.2m / FCF TTM 47.1m)
FCF Yield = 5.44% (FCF TTM 47.1m / Enterprise Value 866.2m)
FCF Margin = 8.96% (FCF TTM 47.1m / Revenue TTM 526.0m)
Net Margin = 6.73% (Net Income TTM 35.4m / Revenue TTM 526.0m)
Gross Margin = 19.70% ((Revenue TTM 526.0m - Cost of Revenue TTM 422.4m) / Revenue TTM)
Gross Margin QoQ = 21.30% (prev 21.28%)
Tobins Q-Ratio = 1.49 (Enterprise Value 866.2m / Total Assets 579.6m)
Interest Expense / Debt = 2.31% (Interest Expense 2.37m / Debt 102.8m)
Taxrate = 17.76% (1.92m / 10.8m)
NOPAT = 44.3m (EBIT 53.8m * (1 - 17.76%))
Current Ratio = 3.78 (Total Current Assets 251.4m / Total Current Liabilities 66.5m)
Debt / Equity = 0.26 (Debt 102.8m / totalStockholderEquity, last quarter 394.8m)
Debt / EBITDA = 1.56 (Net Debt 107.7m / EBITDA 68.8m)
Debt / FCF = 2.29 (Net Debt 107.7m / FCF TTM 47.1m)
Total Stockholder Equity = 384.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.06% (Net Income 35.4m / Total Assets 579.6m)
RoE = 9.20% (Net Income TTM 35.4m / Total Stockholder Equity 384.8m)
RoCE = 13.68% (EBIT 53.8m / Capital Employed (Equity 384.8m + L.T.Debt 8.76m))
RoIC = 10.58% (NOPAT 44.3m / Invested Capital 418.4m)
WACC = 9.06% (E(765.7m)/V(868.5m) * Re(10.02%) + D(102.8m)/V(868.5m) * Rd(2.31%) * (1-Tc(0.18)))
Discount Rate = 10.02% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -1.51%
[DCF] Terminal Value 66.00% ; FCFF base≈42.0m ; Y1≈27.6m ; Y5≈12.6m
[DCF] Fair Price = 10.73 (EV 210.4m - Net Debt 107.7m = Equity 102.7m / Shares 9.57m; r=9.06% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -13.32 | EPS CAGR: -50.37% | SUE: -4.0 | # QB: 0
Revenue Correlation: 63.06 | Revenue CAGR: 3.78% | SUE: 0.53 | # QB: 0
EPS next Quarter (2026-06-30): EPS=1.24 | Chg7d=+0.020 | Chg30d=+0.020 | Revisions Net=+1 | Analysts=1
EPS current Year (2026-12-31): EPS=4.12 | Chg7d=+0.283 | Chg30d=+0.297 | Revisions Net=+1 | Growth EPS=+14.8% | Growth Revenue=+4.9%
EPS next Year (2027-12-31): EPS=5.07 | Chg7d=+0.743 | Chg30d=+0.787 | Revisions Net=+2 | Growth EPS=+23.1% | Growth Revenue=+3.3%
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