NWPX
Builds water-transmission pipe and precast systems for public and private infrastructure projects.
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Profile
Manufactures engineered water-transmission pipe and precast infrastructure products for drinking-water, wastewater, stormwater, and environmental projects. The business combines legacy Northwest Pipe steel pressure-pipe work with acquired Geneva and ParkUSA precast lines, and depends on project timing, competitive bidding, and raw-material inputs.
Manufactures large-diameter steel pipeline systems for drinking-water infrastructure under the Northwest Pipe Company brand. The Water Transmission Systems arm also serves hydroelectric, wastewater, seismic-resiliency, industrial piping, and structural uses with steel casing, bar-wrapped concrete pipe, joints, and fittings.
Extends that water focus through Precast Infrastructure and Engineered Systems, including NWPX Geneva and NWPX Park. These lines supply stormwater and wastewater technology products, reinforced concrete pipe, manholes, box culverts, vaults, catch basins, pump lift stations, oil-water separators, biofiltration units, and other engineered solutions.
Operates mainly in North America with U.S. and Mexico manufacturing exposure, and sells through contractors tied to public agencies and local development work. The business depends on public water-transmission funding, contract backlog conversion, competitive bids, steel and other raw-material inputs, substitute pipe materials, and acquisition integration.
Company facts
Categories
Key statistics
Year to date +77.9% · Average volume (30d) 178.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Oct 31, 2025 | DA Davidson | Reiterate | Buy | $60 | $70 | |
| Nov 1, 2024 | Northland Capital Markets | Downgrade | Outperform | Market Perform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $1.33 | $1.62 | +21.8% | $154.7M | $159.5M | +3.1% | +2.97% |
| Apr 29, 2026Q1 FY26 | $0.68 | $1.08 | +58.8% | $125.1M | $138.3M | +10.5% | +13.71% |
| Feb 25, 2026Q4 FY25 | $0.62 | $0.93 | +50.0% | $122.0M | $125.6M | +3.0% | +10.34% |
| Oct 29, 2025Q3 FY25 | $1.02 | $1.38 | +35.3% | $122.0M | $151.1M | +23.8% | +1.42% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $116.1M | $133.2M | $151.1M | $125.6M | $138.3M | $159.5M | |
| Gross profit | $19.4M | $25.4M | $32.2M | $26.8M | $26.7M | $34.4M | |
| Operating income | $5.6M | $13.2M | $19.0M | $13.0M | $12.7M | $21.2M | |
| Net income | $4.0M | $9.1M | $13.5M | $8.9M | $10.5M | $15.8M | |
| Diluted EPS | $0.39 | $0.91 | $1.38 | $0.91 | $1.08 | $1.62 | |
| Gross margin | 16.7% | 19.0% | 21.3% | 21.3% | 19.3% | 21.5% | |
| Operating margin | 4.8% | 9.9% | 12.6% | 10.4% | 9.2% | 13.3% |
Fiscal years (4-quarter sums)FY21 $333.3M · FY22 $457.7M · FY23 $444.4M · FY24 $492.5M · FY25 $526.0M
Balance sheet, Jun 30, 2026Cash & short-term investments $19.3M · Total debt $100.6M · Total assets $651.9M · Shareholders' equity $418.6M
Dividends
No dividends on record.
Ownership
Shares outstanding 9.64M · Float 9.31M · 96.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 902.8K | 9.37% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 635.3K | 6.59% | 13F | Aug 11, 2026 |
| Mirae Asset Global Etfs Holdings Ltd. | 588.1K | 6.10% | 13F | Aug 14, 2026 |
| Global X Management CO LLC | 574.4K | 5.74% | 13G | May 15, 2025 |
| Vanguard Capital Management LLC | 411.2K | 4.27% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 26, 2026 | Michael Wray | officer: Executive Vice President | −4,500 | $110.94 |
| Aug 24, 2026 | Keith R. Larson | director | −1,250 | $110.32 |
| Aug 24, 2026 | Scott J. Montross | officer: President & CEO | −2,500 | $109.37 |
| Aug 17, 2026 | Keith R. Larson | director | −1,250 | $115.86 |
| Aug 17, 2026 | Scott J. Montross | officer: President & CEO | −2,500 | $115.13 |
Peers
- CRH
Direct precast and water-infrastructure scale through Oldcastle
- Advanced Drainage Systems
Plastic stormwater and wastewater systems against precast lines
- Mueller Water Products
Municipal water-network hardware and pipe repair overlap
- Tenaris (ADR)
Global steel-tube supplier overlapping industrial pipe use cases
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| NWPX | $112.03 | −0.09% | $1.08B | 22.5 | 22.2 | 1.9 | +19.7% |
| CRH | $95.86 | −0.03% | $64.05B | 15.1 | 22.7 | 1.1 | +5.6% |
| Advanced Drainage Systems | $137.67 | +0.43% | $10.50B | 23.7 | 21.5 | 3.3 | +45.0% |
| Mueller Water Products | $24.38 | +0.04% | $3.81B | 17.3 | 15.4 | 2.6 | +4.1% |
| Tenaris (ADR) | $54.10 | +0.26% | $28.96B | 14.7 | 14.0 | 2.3 | −5.1% |
| Median | 16.2 | 18.5 | 2.4 | +4.8% |