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NWPX Infrastructure, Inc. (NWPX) Fundamental Analysis & AI Grade 2026

NWPX Nasdaq Steel Pipe & Tubes OR CIK: 0001001385
Updated This Month • Analysis: May 6, 2026 • SEC Data: 2026-03-31
Combined AI Grade
A
73% Confidence
AGREEMENT
B
68% Conf
A
78% Conf

📊 NWPX Key Takeaways

Revenue: $138.3M
Net Margin: 7.6%
Free Cash Flow: $25.8M
Current Ratio: 2.68x
Debt/Equity: 0.02x
EPS: $1.08
AI Grade: B with 68% confidence
NWPX Infrastructure, Inc. (NWPX) receives a A fundamental grade with 73% confidence from our AI analysis based on SEC 10-K filings. With revenue of $138.3M, net profit margin of 7.6%, and return on equity (ROE) of 2.6%, NWPX Infrastructure, Inc. demonstrates strong fundamentals in the Materials sector. Below is our complete NWPX stock analysis for 2026.

Is NWPX Infrastructure, Inc. (NWPX) a Good Investment?

Claude

NWPX demonstrates fortress-like financial health with exceptional free cash flow ($25.8M, 18.7% margin) and minimal leverage (0.02x D/E), but concerning returns on capital (2.6% ROE, 1.7% ROA) suggest inefficient asset deployment despite 6.8% revenue growth. The conservative balance sheet provides downside protection, but capital productivity remains a critical weakness for a steel pipe manufacturer in a cyclical industry.

ChatGPT

NWPX delivers steady revenue growth with durable margins and positive EPS momentum, converting earnings to robust free cash flow. A near‑debt‑free balance sheet and strong liquidity provide resilience and optionality, though exposure to input cost volatility and project timing can temper consistency.

NWPX Infrastructure, Inc. Key Strengths (NWPX)

Claude
  • + Exceptional free cash flow generation of $25.8M with 18.7% FCF margin; converts revenue efficiently to cash despite asset-heavy operations
  • + Fortress balance sheet with minimal debt exposure (0.02x D/E ratio, 36.4x interest coverage) and excellent liquidity (2.68x current ratio, 2.06x quick ratio)
  • + Solid profitability with 19.3% gross margin, 9.2% operating margin, and 7.6% net margin; diluted EPS growing 4.7% YoY
ChatGPT
  • + Near‑debt‑free balance sheet with 19.5x interest coverage and 0.02x D/E
  • + Strong cash generation: $47M FCF with 9% FCF margin
  • + Resilient profitability: 19.7% gross and 9.7% operating margins alongside YoY growth

NWPX Stock Risks: NWPX Infrastructure, Inc. Investment Risks

Claude
  • ! Poor capital efficiency with only 2.6% ROE and 1.7% ROA despite strong cash generation signals asset base is underutilized or misdeployed
  • ! Cyclical steel industry exposure with commodity price vulnerability; modest 6.8% YoY revenue growth provides limited margin of safety for downturns
  • ! Low cash reserves ($14.3M) relative to $634.1M asset base constrains flexibility for strategic investments, M&A, or weathering industry downturns
ChatGPT
  • ! Commodity/input cost volatility could compress margins
  • ! Cyclical project timing/order variability may drive revenue swings
  • ! Low cash on hand raises working‑capital execution risk despite high liquidity ratios

Key Metrics to Watch

Claude
  • * Return on Equity and ROA trends; improvement would signal better capital deployment and justify the large asset base
  • * Free cash flow sustainability and FCF conversion rate; monitor whether 18.7% FCF margin persists through industry cycles
  • * Revenue growth acceleration and operating leverage; cyclical recovery upside could emerge if industry conditions improve
ChatGPT
  • * Gross margin trend (pricing vs. input costs)
  • * Free cash flow margin and OCF-to-net income conversion

NWPX Infrastructure, Inc. (NWPX) Financial Metrics & Key Ratios

Revenue
$138.3M
Net Income
$10.5M
EPS (Diluted)
$1.08
Free Cash Flow
$25.8M
Total Assets
$634.1M
Cash Position
$14.3M

💡 AI Analyst Insight

Strong liquidity with a 2.68x current ratio provides a solid financial cushion.

NWPX Profit Margin, ROE & Profitability Analysis

Gross Margin 19.3%
Operating Margin 9.2%
Net Margin 7.6%
ROE 2.6%
ROA 1.7%
FCF Margin 18.7%

NWPX vs Materials Sector: How NWPX Infrastructure, Inc. Compares

How NWPX Infrastructure, Inc. compares to Materials sector averages

Net Margin
NWPX 7.6%
vs
Sector Avg 10.0%
NWPX Sector
ROE
NWPX 2.6%
vs
Sector Avg 14.0%
NWPX Sector
Current Ratio
NWPX 2.7x
vs
Sector Avg 1.6x
NWPX Sector
Debt/Equity
NWPX 0.0x
vs
Sector Avg 0.6x
NWPX Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is NWPX Infrastructure, Inc. Stock Overvalued? NWPX Valuation Analysis 2026

Based on fundamental analysis, NWPX Infrastructure, Inc. has mixed fundamental signals relative to the Materials sector in 2026.

Return on Equity
2.6%
Sector avg: 14%
Net Profit Margin
7.6%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.02x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

NWPX Infrastructure, Inc. Balance Sheet: NWPX Debt, Cash & Liquidity

Current Ratio
2.68x
Quick Ratio
2.06x
Debt/Equity
0.02x
Debt/Assets
36.3%
Interest Coverage
36.37x
Long-term Debt
$7.7M

NWPX Revenue & Earnings Growth: 5-Year Financial Trend

NWPX 5-year financial data: Year 2021: Revenue $333.3M, Net Income $27.9M, EPS $2.85. Year 2022: Revenue $457.7M, Net Income $19.1M, EPS $1.93. Year 2023: Revenue $457.7M, Net Income $11.5M, EPS $1.16. Year 2024: Revenue $492.5M, Net Income $31.1M, EPS $3.11. Year 2025: Revenue $526.0M, Net Income $21.1M, EPS $2.09.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: NWPX Infrastructure, Inc.'s revenue has grown significantly by 58% over the 5-year period, indicating strong business expansion. The most recent EPS of $2.09 reflects profitable operations.

NWPX Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
18.7%
Free cash flow / Revenue

NWPX Quarterly Earnings & Performance

Quarterly financial performance data for NWPX Infrastructure, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $116.1M $4.0M $0.39
Q3 2025 $130.2M $10.3M $1.02
Q2 2025 $129.5M $8.6M $0.86
Q1 2025 $113.2M $4.0M $0.39
Q3 2024 $118.7M $5.8M $0.58
Q2 2024 $116.4M $7.4M $0.74
Q1 2024 $99.1M $2.4M $0.23
Q3 2023 $118.7M $5.8M $0.58

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

NWPX Infrastructure, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$29.3M
Cash generated from operations
Stock Buybacks
$2.4M
Shares repurchased (TTM)
Capital Expenditures
$3.5M
Investment in assets
Dividends
None
No dividend program

NWPX SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for NWPX Infrastructure, Inc. (CIK: 0001001385)

📋 Recent SEC Filings

Date Form Document Action
Apr 30, 2026 10-Q nwpx20260331_10q.htm View →
Apr 29, 2026 8-K nwpx20260319_8k.htm View →
Apr 23, 2026 DEF 14A nwpx20260115_def14a.htm View →
Apr 2, 2026 4 xslF345X06/rdgdoc.xml View →
Apr 2, 2026 4 xslF345X06/rdgdoc.xml View →

Frequently Asked Questions about NWPX

What is the AI rating for NWPX?

NWPX Infrastructure, Inc. (NWPX) has a Combined AI Grade of A from Claude (B) and ChatGPT (A) with 73% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are NWPX's key strengths?

Claude: Exceptional free cash flow generation of $25.8M with 18.7% FCF margin; converts revenue efficiently to cash despite asset-heavy operations. Fortress balance sheet with minimal debt exposure (0.02x D/E ratio, 36.4x interest coverage) and excellent liquidity (2.68x current ratio, 2.06x quick ratio). ChatGPT: Near‑debt‑free balance sheet with 19.5x interest coverage and 0.02x D/E. Strong cash generation: $47M FCF with 9% FCF margin.

What are the risks of investing in NWPX?

Claude: Poor capital efficiency with only 2.6% ROE and 1.7% ROA despite strong cash generation signals asset base is underutilized or misdeployed. Cyclical steel industry exposure with commodity price vulnerability; modest 6.8% YoY revenue growth provides limited margin of safety for downturns. ChatGPT: Commodity/input cost volatility could compress margins. Cyclical project timing/order variability may drive revenue swings.

What is NWPX's revenue and growth?

NWPX Infrastructure, Inc. reported revenue of $138.3M.

Does NWPX pay dividends?

NWPX Infrastructure, Inc. does not currently pay dividends.

Where can I find NWPX SEC filings?

Official SEC filings for NWPX Infrastructure, Inc. (CIK: 0001001385) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is NWPX's EPS?

NWPX Infrastructure, Inc. has a diluted EPS of $1.08.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is NWPX's fundamental grade?

Based on our AI fundamental analysis in May 2026, NWPX Infrastructure, Inc. has a A grade with 73% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is NWPX stock overvalued or undervalued?

Valuation metrics for NWPX: ROE of 2.6% (sector avg: 14%), net margin of 7.6% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

What is NWPX's AI grade for 2026?

Our dual AI analysis gives NWPX Infrastructure, Inc. a combined A grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is NWPX's free cash flow?

NWPX Infrastructure, Inc.'s operating cash flow is $29.3M, with capital expenditures of $3.5M. FCF margin is 18.7%.

How does NWPX compare to other Materials stocks?

Vs Materials sector averages: Net margin 7.6% (avg: 10%), ROE 2.6% (avg: 14%), current ratio 2.68 (avg: 1.6).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 6, 2026 | Data as of: 2026-03-31 | Powered by Claude AI