NWPX · Northwest Pipe Co - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $111.59M | - | $118.92M | $107.82M | $96.75M | - | $103.18M | $103.69M | $93.08M | - |
| Gross Profit | $26.66M | - | $32.15M | $25.36M | $19.36M | - | $27.02M | $25.81M | $20.13M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $14.01M | - | $13.11M | $12.13M | $13.80M | - | $11.58M | $12.20M | $11.44M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $12.66M | - | $19.04M | $13.24M | $5.57M | - | $15.44M | $13.62M | $8.69M | - |
| Interest Expense | $348.0K | - | $788.0K | $763.0K | $635.0K | - | $1.45M | $1.82M | $1.47M | - |
| Income Tax | $2.00M | - | $4.74M | $3.43M | $977.0K | - | $3.67M | $2.95M | $1.99M | - |
| Net Income | $10.53M | - | $13.51M | $9.06M | $3.96M | - | $10.25M | $8.62M | $5.24M | - |
| EPS - Basic | $1.10 | - | $1.40 | $0.91 | $0.40 | - | $1.03 | $0.87 | $0.53 | - |
| EPS - Diluted | $1.08 | - | $1.38 | $0.91 | $0.39 | - | $1.02 | $0.86 | $0.52 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $14.26M | $2.27M | $2.67M | $2.03M | $5.29M | $5.01M | $5.72M | $4.53M | $4.26M | $4.07M |
| Accounts Receivable | $96.74M | $78.17M | $98.13M | $78.32M | $60.10M | $66.95M | $79.51M | $70.93M | $52.40M | $47.65M |
| Inventory | $69.80M | $74.29M | $74.52M | $76.48M | $80.68M | $79.77M | $84.98M | $87.73M | $96.48M | $91.23M |
| Accounts Payable | $27.89M | $22.19M | $28.05M | $30.79M | $24.68M | $27.78M | $20.36M | $24.51M | $26.36M | $31.14M |
| Current Assets | $299.16M | $251.43M | $274.90M | $264.00M | $257.27M | $262.49M | $293.72M | $307.95M | $296.69M | $272.48M |
| Total Assets | $634.14M | $579.63M | $605.23M | $592.58M | $582.23M | $589.65M | $617.19M | $631.75M | $621.30M | $597.88M |
| Current Liabilities | $111.54M | $66.55M | $76.39M | $66.80M | $64.06M | $75.13M | $91.85M | $100.71M | $83.27M | $96.19M |
| Long-term Debt | $7.73M | $8.48M | $9.23M | $9.98M | $10.73M | $11.48M | - | - | - | $0 |
| Total Liabilities | $230.41M | $184.85M | $218.88M | $213.13M | $203.78M | $215.65M | $254.83M | $280.56M | $278.69M | $257.52M |
| Stockholders' Equity | $403.73M | $394.78M | $386.35M | $379.45M | $378.46M | $374.00M | $362.36M | $351.18M | $342.61M | $340.36M |
| Retained Earnings | $292.28M | $281.74M | $272.86M | $259.36M | $250.29M | $246.33M | $236.24M | $225.98M | $217.36M | $212.13M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $29.27M | - | - | - | $4.85M | - | - | - | ($26.09M) | - |
| Investing Cash Flow | ($12.30M) | - | - | - | ($3.67M) | - | - | - | ($4.52M) | - |
| Financing Cash Flow | ($4.97M) | - | - | - | ($900.0K) | - | - | - | $30.80M | - |
| CapEx | $3.47M | - | - | - | $3.67M | - | - | - | $4.57M | - |
| Free Cash Flow | $25.80M | - | - | - | $1.18M | - | - | - | ($30.66M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 2.45 | - | - | - | 0.30 | - | - | - | -5.85 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 16.0% | - | 26.0% | 27.5% | 19.8% | - | 26.3% | 25.5% | 27.5% | - |
| Return on assets | 1.7% | - | 2.2% | 1.5% | 0.7% | - | 1.7% | 1.4% | 0.8% | - |
| Return on equity | 2.6% | - | 3.5% | 2.4% | 1.0% | - | 2.8% | 2.5% | 1.5% | - |
| Return on invested capital | 2.6% | - | 3.6% | 2.5% | 1.1% | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.68 | 3.78 | 3.60 | 3.95 | 4.02 | 3.49 | 3.20 | 3.06 | 3.56 | 2.83 |
| Quick ratio | 2.06 | 2.66 | 2.62 | 2.81 | 2.76 | 2.43 | 2.27 | 2.19 | 2.40 | 1.88 |
| Cash ratio | 0.13 | 0.03 | 0.03 | 0.03 | 0.08 | 0.07 | 0.06 | 0.04 | 0.05 | 0.04 |
| Leverage | ||||||||||
| Debt / Equity | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | - | - | - | 0.00 |
| Debt / Assets | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | - | - | - | 0.00 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 36.4x | - | 24.2x | 17.3x | 8.8x | - | 10.6x | 7.5x | 5.9x | - |
| Equity multiplier | 1.57 | 1.47 | 1.57 | 1.56 | 1.54 | 1.58 | 1.70 | 1.80 | 1.81 | 1.76 |
| Liabilities / Assets | 0.36 | 0.32 | 0.36 | 0.36 | 0.35 | 0.37 | 0.41 | 0.44 | 0.45 | 0.43 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | 1.60 | - | 1.60 | 1.41 | 1.20 | - | 1.21 | 1.18 | 0.96 | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 228d | - | 229d | 259d | 304d | - | 301d | 309d | 378d | - |
| Days payable outstanding | 91d | - | 86d | 104d | 93d | - | 72d | 86d | 103d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 72.1x | - | 38.4x | 45.1x | 105.9x | - | 44.2x | 39.5x | 66.7x | - |
| P / B | 1.9x | - | 1.3x | 1.1x | 1.1x | - | 1.3x | 1.0x | 1.0x | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 37.7% | - | 19.0% | -1.7% | -3.8% | - | 40.0% | 14.8% | 21.5% | - |
| Operating income growth (YoY) | 127.3% | - | 23.3% | -2.8% | -35.9% | - | 70.5% | 18.8% | 84.5% | - |
| Net income growth (YoY) | 165.7% | - | 31.7% | 5.2% | -24.3% | - | 76.2% | 15.7% | 121.8% | - |
| EPS growth (YoY) | 176.9% | - | 35.3% | 5.8% | -25.0% | - | 75.9% | 16.2% | 126.1% | - |
| EPS CAGR (3y) | 67.5% | - | 11.7% | -2.1% | 2.7% | - | 26.8% | 60.0% | 33.2% | - |
| EPS CAGR (5y) | 37.5% | - | 13.6% | 8.3% | 45.4% | - | -1.5% | 22.6% | 18.8% | - |
| FCF growth (YoY) | 2089.8% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | -37.2% | - | - | - | - | - |
| Book value growth (YoY) | 6.7% | 5.6% | 6.6% | 8.0% | 10.5% | 9.9% | 8.1% | 6.9% | 6.7% | 6.9% |
Peer comparison
Same SIC group: Steel Pipe & Tubes
Comparing NORTHWEST PIPE CO against the 3 most active filers in the same SIC group.