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Northwest Pipe NWPX Non-Cash Lease Expense

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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$1.38B+271%
Enterprise value$1.47B+213%
P/E33×+21.6×
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×
Current ratio2.7×-1.3×

Where this comes from

Reported directly by Northwest Pipe in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseRightOfUseAssetAmortizationExpense.

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 non-cash lease expense?
Northwest Pipe (NWPX) reported non-cash lease expense of $1.52M in Q1 2026.
How has Northwest Pipe's non-cash lease expense changed year-over-year?
Northwest Pipe's non-cash lease expense increased by 5.9% year-over-year, from $1.43M to $1.52M.
What is the long-term trend for Northwest Pipe's non-cash lease expense?
Over 2 years (2023 to 2025), Northwest Pipe's non-cash lease expense has grown at a 1.7% compound annual growth rate (CAGR), from $5.92M to $6.13M.
What does non-cash lease expense mean?
Non-cash portion of operating lease cost — the difference between straight-line lease expense and actual cash rent payments.