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Northwest Pipe NWPX Gross margin

Gross margin at other companies

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CRHCRH
36.1%+0.5pp
Cardinal Infrastructure Group, Inc.
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Cardinal Infrastructure Group, Inc. CDNL
20.6%+0.6pp
Advanced Drainage Systems logo
Advanced Drainage SystemsWMS
38.3%+0.6pp
Core & Main logo
Core & MainCNM
27.1%+0.5pp
Select Water Solutions logo
Select Water SolutionsWTTR
15.1%-0.1pp
WBI
WaterBridge Infrastructure LLCWBI
24.7%

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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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.

Based on trailing twelve months.

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 gross margin?
Northwest Pipe (NWPX) reported gross margin of 20.2% in Q1 2026.
How has Northwest Pipe's gross margin changed year-over-year?
Northwest Pipe's gross margin increased by 6.0% year-over-year, from 19.1% to 20.2%.
What is the long-term trend for Northwest Pipe's gross margin?
Over 5 years (2020 to 2025), Northwest Pipe's gross margin has grown at a 2.2% compound annual growth rate (CAGR), from 17.7% to 19.7%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.