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Northwest Pipe NWPX Free cash flow

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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%

Valuation

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Market cap$1.38B+81.7%
Enterprise value$1.47B+64.0%
P/E33×+9.8×
P/S2.5×+1.0×

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

Calculated from Northwest Pipe’s reported figures.

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 free cash flow?
Northwest Pipe (NWPX) reported free cash flow of $25.8M in Q1 2026.
How has Northwest Pipe's free cash flow changed year-over-year?
Northwest Pipe's free cash flow increased by 2089.8% year-over-year, from $1.18M to $25.8M.
What is the long-term trend for Northwest Pipe's free cash flow?
Over 3 years (2022 to 2025), Northwest Pipe's free cash flow has grown at a 107.3% compound annual growth rate (CAGR), from -$5.29M to $47.11M.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.