What is Northwest Pipe's current ratio?

Northwest Pipe (NWPX) reported current ratio of 2.7× in Q1 2026.

How has Northwest Pipe's current ratio changed year-over-year?

Northwest Pipe's current ratio decreased by 33.2% year-over-year, from 4× to 2.7×.

What is the long-term trend for Northwest Pipe's current ratio?

Over 5 years (2020 to 2025), Northwest Pipe's current ratio has grown at a -2.0% compound annual growth rate (CAGR), from 4.2× to 3.8×.

What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

Northwest Pipe NWPX Current ratio

Current ratio at other companies

CRHCRH

1.6×0.0×

Cardinal Infrastructure Group, Inc. CDNL

1.7×—

Advanced Drainage SystemsWMS

2.4×-0.9×

Core & MainCNM

2.3×+0.4×

Select Water SolutionsWTTR

1.9×+0.1×

WBI

WaterBridge Infrastructure LLCWBI

1.3×—

Other financials

Income statement

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Revenue$138.3M+19.1%

Gross profit$26.7M+37.7%

Operating income$12.7M+127%

Net income$10.5M+166%

EPS (diluted)$1.08+177%

Balance sheet

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Cash & equivalents$14.3M+170%

Total debt$102.4M-0.8%

Total equity$403.7M+6.7%

Total assets$634.1M+8.9%

Cash flow

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Operating cash flow$29.3M+504%

CapEx$3.5M-5.5%

Free cash flow$25.8M+2,090%

Valuation

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Market cap$1.38B+263%

Enterprise value$1.47B+207%

P/E33×+21.4×

P/S2.5×+1.8×

Profitability

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Gross margin20.2%+1.1pp

Operating margin10.6%+1.5pp

Net margin7.7%+1.0pp

FCF margin13.1%-0.3pp

Returns & leverage

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Return on equity10.7%+1.6pp

Debt / equity0.3×0.0×

Where this comes from

Calculated from Northwest Pipe’s reported figures.

total current assets/total current liabilities=2.7×

Based on the most recent quarter.

The official record: Northwest Pipe’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Northwest Pipe's current ratio?: Northwest Pipe (NWPX) reported current ratio of 2.7× in Q1 2026.
How has Northwest Pipe's current ratio changed year-over-year?: Northwest Pipe's current ratio decreased by 33.2% year-over-year, from 4× to 2.7×.
What is the long-term trend for Northwest Pipe's current ratio?: Over 5 years (2020 to 2025), Northwest Pipe's current ratio has grown at a -2.0% compound annual growth rate (CAGR), from 4.2× to 3.8×.
What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.