NWPX (NWPX) financial statements
NWPX reported revenue of $526M in fiscal 2025, up 15.0% a year over 9 years.
Net income was $35M and the operating margin 9.7%, against -6.7% in 2016.
Free cash flow was $47M, and the company returned $18M in net buybacks.
The diluted share count rose 4% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from NWPX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $149M | $133M | $172M | $279M | $286M | $333M | $458M | $444M | $493M | $526M |
| Cost of revenue | $150M | $127M | $160M | $232M | $235M | $289M | $372M | $367M | $397M | $422M |
| Gross profit | $64,000 | $6M | $12M | $47M | $51M | $44M | $86M | $78M | $95M | $104M |
| Selling, general and admin | $17M | $14M | $17M | $18M | $25M | $28M | $41M | $44M | $47M | $53M |
| Operating income | -$10M | -$9M | -$3M | $29M | $26M | $16M | $45M | $34M | $48M | $51M |
| Interest expense | $509,000 | $490,000 | $583,000 | $472,000 | $933,000 | $1M | $4M | $5M | $6M | $3M |
| Pre-tax income | -$11M | -$9M | $17M | $33M | $26M | $15M | $41M | $29M | $42M | $46M |
| Income tax | -$4M | -$1M | -$3M | $5M | $7M | $4M | $10M | $8M | $8M | $11M |
| Net income | -$9M | -$10M | $20M | $28M | $19M | $12M | $31M | $21M | $34M | $35M |
| EPS (diluted) | -$0.97 | -$1.06 | $2.09 | $2.85 | $1.93 | $1.16 | $3.11 | $2.09 | $3.40 | $3.56 |
| Diluted shares | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M |
| Gross margin | 0.0% | 4.4% | 7.0% | 16.9% | 17.7% | 13.3% | 18.8% | 17.5% | 19.4% | 19.7% |
| Operating margin | -6.7% | -6.9% | -1.7% | 10.3% | 8.9% | 4.8% | 9.8% | 7.6% | 9.8% | 9.7% |
| Net margin | -6.2% | -7.7% | 11.8% | 10.0% | 6.7% | 3.5% | 6.8% | 4.7% | 6.9% | 6.7% |
Balance sheet
Fiscal years, from NWPX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $22M | $44M | $7M | $31M | $38M | $3M | $4M | $4M | $5M | $2M |
| Receivables | $26M | $29M | $34M | $38M | $43M | $53M | $72M | $48M | $67M | $78M |
| Inventory | $19M | $17M | $39M | $31M | $29M | $60M | $71M | $91M | $80M | $74M |
| Total current assets | $149M | $141M | $160M | $195M | $192M | $228M | $279M | $272M | $262M | $251M |
| Property, plant and equipment | $82M | $79M | $103M | $100M | $110M | $121M | $133M | $144M | $150M | $158M |
| Goodwill | — | — | — | $0 | $23M | $54M | $56M | $56M | $56M | $56M |
| Total assets | $242M | $230M | $271M | $310M | $373M | $548M | $601M | $598M | $590M | $580M |
| Total current liabilities | $19M | $17M | $31M | $42M | $46M | $64M | $91M | $96M | $75M | $67M |
| Long-term debt | — | — | — | $0 | $6M | — | — | $0 | $11M | $8M |
| Total liabilities | $32M | $30M | $53M | $62M | $103M | $264M | $283M | $258M | $216M | $185M |
| Shareholders' equity | $209M | $200M | $219M | $248M | $270M | $283M | $318M | $340M | $374M | $395M |
| Net debt | -$22M | -$44M | -$7M | -$31M | -$24M | -$3M | $7M | -$4M | $9M | $9M |
Cash flow
Fiscal years, from NWPX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2M | -$8M | -$18M | $43M | $56M | -$6M | $18M | $53M | $55M | $67M |
| Capital spending | $2M | $3M | $4M | $9M | $14M | $13M | $23M | $18M | $21M | $20M |
| Free cash flow | -$773,000 | -$10M | -$22M | $34M | $42M | -$19M | -$5M | $35M | $34M | $47M |
| Stock-based compensation | $2M | $1M | $281,000 | $2M | $3M | $3M | $4M | $4M | $5M | $6M |
| Share buybacks (net) | — | — | — | — | — | $0 | $0 | -$707,000 | -$4M | -$18M |
| Net borrowing | — | — | $0 | $0 | $14M | -$14M | $11M | $0 | $4M | -$3M |
| Free cash flow margin | -0.5% | -7.8% | -12.9% | 12.3% | 14.7% | -5.7% | -1.2% | 7.9% | 7.0% | 9.0% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for NWPX.
Open NWPX in InvestinglyQuestions
What was NWPX's revenue in 2025?
$526M in fiscal 2025, from its 10-K filing.
How much free cash flow does NWPX generate?
$47M in fiscal 2025 (operating cash flow minus capital spending).
From NWPX's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.