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Northwest Pipe NWPX Deferred Revenue

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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$1.14B+175%
Enterprise value$1.23B+134%
P/E27.2×+14.8×
P/S2.1×+1.2×

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×
Current ratio2.7×-1.3×

Where this comes from

Reported directly by Northwest Pipe in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The source filing: Northwest Pipe’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:03 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001437749-26-014185
Line itemMarch 31, 2026December 31, 2025
Current portion of long-term debt$2,994$2,994
Accounts payable27,89422,190
Accrued liabilities24,64427,743
Contract liabilities50,8598,794
Current portion of operating lease liabilities5,1534,829
Total current liabilities111,54466,550
Borrowings on line of credit-276
Long-term debt7,7348,482

Item 1. Financial Statements

FAQ

What is Northwest Pipe's deferred revenue?
Northwest Pipe (NWPX) reported deferred revenue of $50.86M in Q1 2026.
How has Northwest Pipe's deferred revenue changed year-over-year?
Northwest Pipe's deferred revenue increased by 446.6% year-over-year, from $9.3M to $50.86M.
What is the long-term trend for Northwest Pipe's deferred revenue?
Over 5 years (2020 to 2025), Northwest Pipe's deferred revenue has grown at a 7.3% compound annual growth rate (CAGR), from $6.19M to $8.79M.
What does deferred revenue mean?
Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

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