Northwest Pipe Company (NWPX) AI Stock Analysis

• Market Cap: $400.46M
• Dividend Yield: N/A
• Average Volume (3M): 64.89K
• Price to Earnings (P/E): 12.4
• Beta (1Y): 1.01
• Revenue Growth: 8.06%
• EPS Growth: 38.46%
• Country: US
• Employees: 1,358
• Sector: Basic Materials
• Sector Strength: 55
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): 0.39
• Shares Outstanding: 9,878,073
• 10 Day Avg. Volume: 60,630
• 30 Day Avg. Volume: 64,888
• PEG Ratio: -3.33
• Price to Book (P/B): 1.09
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 6.22
• Enterprise Value/Market Cap: 1.33
• Enterprise Value/Revenue: 0.27
• Enterprise Value/Gross Profit: 5.64
• Enterprise Value/Ebitda: 2.23
• 1Y Price Target: $50.00
• Price Target Upside: 23.33% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 73 Outperform
• Price Target: $47.00 ▲(15.93%Upside)

Northwest Pipe Company scores well due to strong financial performance, particularly in cash flow management and profitability. Technical analysis shows potential for upward movement, though caution is advised. Valuation is reasonable, making the stock attractive for value investors. The earnings call highlights future optimism despite current challenges, which impacts the score positively but warrants monitoring.

Northwest Pipe Company Business Overview & Revenue Model

Company Description

Northwest Pipe Company, together with its subsidiaries, manufactures and supplies water related infrastructure products in North America. It operates in two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment offers large-diameter, high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems. Its products are also used for hydroelectric power systems, wastewater systems, and other applications. In addition, this segment makes products for industrial plant piping systems and certain structural applications. The Precast segment provides precast and reinforced concrete products, including manholes, box culverts, vaults, catch basins, oil water separators, pump lift stations, biofiltration, and other environmental and engineered solutions. The company sells its water infrastructure products primarily to installation contractors. Northwest Pipe Company was incorporated in 1966 and is headquartered in Vancouver, Washington.

How the Company Makes Money

Northwest Pipe Company generates revenue primarily through the manufacturing and sale of engineered steel pipes and related water infrastructure products. Its key revenue streams include contracts with municipalities and water agencies for large-scale water transmission projects, sales to industrial customers requiring specialized piping systems, and partnerships with construction firms involved in water infrastructure development. The company's revenue is influenced by factors such as government spending on infrastructure, regional water management needs, and the overall economic environment impacting construction and infrastructure investment.

Northwest Pipe Company Financial Statement Overview

Summary

Northwest Pipe Company demonstrates strong financial health with consistent profitability and efficient cash flow management. While revenue growth is modest, solid profit margins and a stable balance sheet are maintained. Cash flow indicators are particularly strong, showcasing excellent cash conversion and operational efficiency. The debt-to-equity ratio is balanced, contributing to financial stability.

Income Statement

The company shows a solid gross profit margin with a TTM figure of 19.1%, indicating efficient production management. The net profit margin is healthy at 6.6% TTM, reflecting profitability. However, revenue growth is modest, with a slight increase of 0.6% from the previous year, suggesting stable but slow growth. EBIT and EBITDA margins are strong at 9.1% and 11.1% TTM, respectively, highlighting good operational efficiency.

Balance Sheet

The debt-to-equity ratio is moderate at 0.34, showing a balanced financial structure. Return on equity is solid at 8.7% TTM, indicating effective utilization of shareholder funds. The equity ratio of 65.0% TTM suggests a strong capital base, reducing financial risk. However, a slight decrease in stockholders' equity compared to total assets may warrant attention.

Cash Flow

Free cash flow shows impressive growth at 92.9% TTM, reflecting strong cash management and operational efficiency. The operating cash flow to net income ratio is robust at 2.61, indicating excellent cash generation relative to accounting income. The free cash flow to net income ratio is also strong at 2.01, reinforcing the company's ability to convert net income into cash.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	492.55M	444.36M	457.67M	333.31M	285.91M
Gross Profit	95.41M	77.64M	85.86M	44.25M	50.52M
EBITDA	67.42M	49.94M	62.15M	29.98M	41.56M
Net Income	34.21M	21.07M	31.15M	11.52M	19.05M
Balance Sheet
Total Assets	589.65M	597.88M	601.34M	547.68M	373.01M
Cash, Cash Equivalents and Short-Term Investments	5.01M	4.07M	3.68M	3.00M	37.93M
Total Debt	129.88M	162.94M	188.63M	185.19M	43.70M
Total Liabilities	215.65M	257.52M	283.07M	264.30M	103.39M
Stockholders Equity	374.00M	340.36M	318.27M	283.38M	269.63M
Cash Flow
Free Cash Flow	34.25M	35.16M	-5.62M	-19.07M	41.74M
Operating Cash Flow	55.05M	53.45M	17.54M	-5.81M	56.09M
Investing Cash Flow	-20.74M	-20.37M	-23.05M	-100.15M	-61.43M
Financing Cash Flow	-33.38M	-32.70M	6.19M	71.03M	12.26M

Northwest Pipe Company Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 40.54
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NWPX, the sentiment is Negative. The current price of 40.54 is below the 20-day moving average (MA) of 41.85, below the 50-day MA of 40.69, and below the 200-day MA of 45.21, indicating a bearish trend. The MACD of 0.30 indicates Positive momentum. The RSI at 43.84 is Neutral, neither overbought nor oversold. The STOCH value of 41.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NWPX.

Northwest Pipe Company Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NWPX	73 Outperform	$400.46M	12.38	9.13%	―	8.06%	38.46%
GIFI	72 Outperform	$111.46M	9.32	13.54%	―	18.83%	―
IIIN	72 Outperform	$700.70M	22.66	8.87%	3.10%	9.44%	53.83%
AP	69 Neutral	$64.91M	15.02	7.11%	―	-3.60%	―
MEC	65 Neutral	$335.56M	15.19	9.40%	―	-8.42%	164.82%
Sector *	61 Neutral	$9.61B	7.85	-1.25%	3.14%	2.72%	-69.15%
RYI	53 Neutral	$664.59M	37.86	-1.73%	3.63%	-7.98%	-124.63%

Northwest Pipe Company Corporate Events

Northwest Pipe Company Rebrands to NWPX Infrastructure

On June 12, 2025, Northwest Pipe Company officially changed its corporate name to NWPX Infrastructure, Inc., following shareholder approval at the annual meeting. This change was accompanied by amendments to the company’s Articles of Incorporation and Bylaws to reflect the new name. Additionally, shareholders elected two directors, approved executive compensation, and ratified the appointment of Baker Tilly US, LLP as the independent accountants for the year ending December 31, 2025.

The most recent analyst rating on (NWPX) stock is a Buy with a $42.00 price target. To see the full list of analyst forecasts on Northwest Pipe Company stock, see the NWPX Stock Forecast page.

Northwest Pipe Company Holds Annual Shareholder Meeting

On June 12, 2025, Northwest Pipe Company held its Annual Meeting of Shareholders, during which a presentation was delivered to its shareholders. The presentation, dated the same day, was provided as part of a report but is not intended to be filed under the Exchange Act, nor incorporated into any registration statement under the Securities Act of 1933.

The most recent analyst rating on (NWPX) stock is a Buy with a $42.00 price target. To see the full list of analyst forecasts on Northwest Pipe Company stock, see the NWPX Stock Forecast page.