SequelSEC

NWPX Infrastructure, Inc. NWPX

Steel Pipe & Tubes · CIK 0001001385 · Fiscal year ends 1231

Revenue
$602.76M
Fiscal year ended 2026-09-30
Operating income
$71.15M
Fiscal year ended 2026-09-30
Free cash flow
$86.83M
Fiscal year ended 2026-09-30

Valuation, from the filing

Public float$345.35MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$36.07Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / net income9.8×A lower bound on the multiple, because affiliate holdings are excluded.
Float / revenue0.7×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity0.9×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

Valuation over time

9.8× earnings today, against a median of 9.1× across 8 years on record. In line with its own history.

Float measuredPublic floatFloat / net income
2025-06-30$345.35M9.8×
2024-06-30$289.47M8.5×
2023-06-30$262.65M12.5×
2022-06-30$257.74M8.3×
2021-06-30$241.81M21.0×
2020-06-30$240.36M12.6×
2019-06-28$218.25M7.8×
2018-06-29$156.32M7.7×

Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.

NWPX Infrastructure, Inc. (NWPX) reported revenue of $602.76M and net income of $53.48M for the fiscal year ended 2026-09-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from NWPX Infrastructure, Inc.’s SEC filings, each linked to the filing it came from.

Income

NWPX Infrastructure, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-30
Revenue$602.76M
Cost of revenue$476.79M
Gross profit$125.97M
Operating income$71.15M
Net income$53.48M
Research & developmentUnavailable
Weighted-average diluted sharesUnavailable
Pretax income$68.78M
Income tax expense$15.31M
Diluted EPSUnavailable
Selling, general & administrative$54.82M
General & administrativeUnavailable
Selling & marketingUnavailable

Balance

NWPX Infrastructure, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-30
Cash & equivalents$6.06M
Total assets$694.58M
Current assets$317.13M
Total liabilities$257.29M
Current liabilities$123.73M
Total equity incl. NCI$437.28M
Temporary (mezzanine) equityUnavailable
Inventory$89.32M
Accounts receivable$115.52M
Goodwill$83.31M
Long-term debt$6.24M
Accounts payable$41.09M

Cash flow

NWPX Infrastructure, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-30
Operating cash flow$106.75M
Capital expenditures$19.92M
Investing cash flow-$78.39M
Financing cash flow-$24.97M
Net change in cash$3.39M
Stock-based compensation$6.97M
Common dividends paidUnavailable
Common share repurchases$6.57M
Depreciation & amortizationUnavailable

Derived

NWPX Infrastructure, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-30
Free cash flow$86.83M
Gross margin20.9%
Operating margin11.8%
FCF margin14.4%
SBC / revenue1.2%
Current ratio2.56x
Revenue YoY growth15.9%
Net margin8.9%
R&D / revenueUnavailable
CapEx / revenue3.3%
Long-term debt / equity0.01x
Effective tax rate22.3%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open NWPX in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-10-29View SEC filing
10-Q · Filed 2026-07-30View SEC filing
10-Q · Filed 2026-04-30View SEC filing
10-K · Filed 2026-02-26View SEC filing
10-Q · Filed 2025-10-30View SEC filing
10-Q · Filed 2025-08-08View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.