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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+141%
Enterprise value$1.23B+111%
P/E27.2×+13.0×
P/S2.1×+1.1×

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:InventoryNet.

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
Cash and cash equivalents$14,262$2,273
Trade and other receivables, net of allowance of $541 and $52896,73978,171
Contract assets113,19091,036
Inventories69,79574,287
Prepaid expenses and other5,1775,665
Total current assets299,163251,432
Property and equipment, less accumulated depreciation and amortization of $156,243 and $153,364163,640157,509
Operating lease right-of-use assets87,30186,894

Item 1. Financial Statements

FAQ

What is Northwest Pipe's inventories?
Northwest Pipe (NWPX) reported inventories of $69.8M in Q1 2026.
How has Northwest Pipe's inventories changed year-over-year?
Northwest Pipe's inventories decreased by 13.5% year-over-year, from $80.68M to $69.8M.
What is the long-term trend for Northwest Pipe's inventories?
Over 5 years (2020 to 2025), Northwest Pipe's inventories has grown at a 20.6% compound annual growth rate (CAGR), from $29.18M to $74.29M.
What does inventories mean?
Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.

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