Buybacks largely absorbed by stock pay. Stock-based pay expense $14M vs $23M spent repurchasing shares over the 3 fiscal years to 2025. Shares outstanding changed −2.9% from December 2022 to July 2026.
Over three fiscal years NWPX Infrastructure recorded $14M of stock-based pay expense and spent $23M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). The share count barely moved (−2.9%), so much of the repurchasing offset new employee shares rather than shrinking the count.Over three fiscal years NWPX Infrastructure recorded $14M of stock-based pay expense and spent $23M repurchasing shares. The share count barely moved (−2.9%), so much of the repurchasing offset new employee shares rather than shrinking the count.
Profit is backed by cash. Free cash flow is 163% of reported profit.
NWPX Infrastructure's free cash flow is 163% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 62 → 64
Share price -3.7%+1
Peer companies moved+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about NWPX Infrastructure
Is NWPX Infrastructure getting weaker?
Its latest SEC filing (Jul 30, 2026) showed no major changes. Its overall score is unchanged at 70/100 since Oct 28, 2026.
How is NWPX Infrastructure valued vs its peers?
Priced lower than most peers relative to what it earns. Valuation scores 64/100 against 1,371 basic materials peers.Free cash flow yield 8.6% vs a peer median of 2.6% (stronger than 81% of peers).Free cash flow yield 8.6% vs peers 2.6% (stronger than 81% of peers).
Is NWPX Infrastructure growing?
Yes, faster than most of its peers. Growth scores 76/100 against 1,371 basic materials peers.3-year revenue growth 8.9% vs a peer median of -0.0% (stronger than 78% of peers).3-year revenue growth 8.9% vs peers -0.0% (stronger than 78% of peers).
How profitable is NWPX Infrastructure?
More profitable than most of its peers. Profitability scores 75/100 against 1,371 basic materials peers.Return on assets 7.5% vs a peer median of 2.5% (stronger than 82% of peers).Return on assets 7.5% vs peers 2.5% (stronger than 82% of peers).
How risky is NWPX Infrastructure?
Moderate risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings.Debt / equity 0.02× vs a peer median of 0.36× (stronger than 87% of peers).Debt / equity 0.02× vs peers 0.36× (stronger than 87% of peers).Beta 1.08 vs a peer median of 0.69 (weaker than 77% of peers).Beta 1.08 vs peers 0.69 (weaker than 77% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Jul 30, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Previous quarter
Latest quarter
Change
Revenue (12 months)
548.1M USD
574.4M USD
+4.8%
Net income (12 months)
42.0M USD
48.8M USD
+16.1%
Operating margin
10.6%
11.5%
+0.9 pts
Free cash flow (12 months)
71.7M USD
79.7M USD
+11.1%
Debt
10.7M USD
10.0M USD
−7.0%
Cash
14.3M USD
19.3M USD
+35.5%
Shares outstanding
9.6M
9.6M
+0.0%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Basic Materials · 121 companies
Valuations in Basic Materials are near the top of their range since 2016.
84% of months since 2016 were valued lower than now.
43% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +23% and earnings +13% (medians): prices and earnings moved broadly together.
Median price-to-sales is −9% vs the whole market, against a usual −27%.
2016Shaded: most expensive fifth of its range2026
Shown for Basic Materials: too few Steel companies have a long enough history of their own.
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Gross margin
13.3%
18.8%
17.5%
19.4%
19.7%
▲ 0.3 pts
Operating margin
4.8%
9.8%
7.6%
9.8%
9.7%
▼ 0.1 pts
Net margin
3.5%
6.8%
4.7%
6.9%
6.7%
▼ 0.2 pts
Return on assets (ROA)
2.1%
5.2%
3.5%
5.8%
6.1%
▲ 0.3 pts
Return on equity (ROE)
4.1%
9.8%
6.2%
9.1%
9.0%
▼ 0.2 pts
Free cash flow margin
-5.7%
-1.2%
7.9%
7.0%
9.0%
▲ 2.0 pts
Current ratio
3.56×
3.07×
2.83×
3.49×
3.78×
▲ 8.1%
Quick ratio
2.63×
2.29×
1.88×
2.43×
2.66×
▲ 9.5%
Debt to equity
0.00×
0.03×
0.03×
0.04×
0.03×
▼ 25%
Interest coverage
13.34×
12.56×
6.97×
8.52×
19.50×
▲ 129%
NWPX price history
Price history is added with the daily price update and will appear after the next one.