NWPX Infrastructure Inc. (NWPX) financial statements: income statement, balance sheet and cash flow

NWPX Infrastructure Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), NWPX Infrastructure Inc. reported revenue of $526.0M (+6.8% year on year) and net income of $35.4M (+3.5% year on year).

Income statement

NWPX Infrastructure Inc. income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net sales	$526.0M	$492.5M	$444.4M	$457.7M
Cost of sales	$422.4M	$397.1M	$366.7M	$371.8M
Gross profit	$103.6M	$95.4M	$77.6M	$85.9M
Selling, general, and administrative expense	$52.8M	$47.2M	$43.8M	$41.0M
Operating income	$50.9M	$48.2M	$33.9M	$44.8M
Other income (loss)	($1.8M)	($213.0K)	$276.0K	$97.0K
Interest expense	($2.6M)	($5.7M)	($4.9M)	($3.6M)
Income before income taxes	$46.5M	$42.4M	$29.3M	$41.4M
Income tax expense	$11.1M	$8.2M	$8.2M	$10.2M
Net income	$35.4M	$34.2M	$21.1M	$31.1M
Basic (in dollars per share)	$3.62	$3.45	$2.11	$3.14
Diluted (in dollars per share)	$3.56	$3.40	$2.09	$3.11
Basic (in shares)	9.8M	9.9M	10.0M	9.9M
Diluted (in shares)	9.9M	10.1M	10.1M	10.0M

NWPX Infrastructure Inc. income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Net sales	$159.5M	$138.3M	$151.1M	$133.2M
Cost of sales	$125.1M	$111.6M	$118.9M	$107.8M
Gross profit	$34.4M	$26.7M	$32.1M	$25.4M
Selling, General and Administrative Expense	$13.2M	$14.0M	$13.1M	$12.1M
Operating income	$21.2M	$12.7M	$19.0M	$13.2M
Other income (expense)	$492.0K	$229.0K	($3.0K)	$21.0K
Interest income	$156.0K	—	—	—
Interest expense	($320.0K)	($348.0K)	($788.0K)	($763.0K)
Income before income taxes	$21.5M	$12.5M	$18.2M	$12.5M
Income tax expense	$5.6M	$2.0M	$4.7M	$3.4M
Net income	$15.8M	$10.5M	$13.5M	$9.1M
Basic (in dollars per share)	$1.64	$1.10	$1.40	$0.91
Diluted (in dollars per share)	$1.62	$1.08	$1.38	$0.91
Basic (in shares)	9.6M	9.6M	9.7M	9.9M
Diluted (in shares)	9.8M	9.8M	9.8M	10.0M

Balance sheet

NWPX Infrastructure Inc. balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$2.3M	$5.0M	$4.1M	$3.7M
Trade and other receivables, net of allowance of $528 and $242	$78.2M	$66.9M	$47.6M	$71.6M
Contract assets	$91.0M	$103.4M	$120.5M	$121.8M
Inventories	$74.3M	$79.8M	$91.2M	$71.0M
Prepaid expenses and other	$5.7M	$7.3M	$9.0M	$10.7M
Total current assets	$251.4M	$262.5M	$272.5M	$278.7M
Property, Plant and Equipment, Net	$157.5M	$150.5M	$144.0M	$133.2M
Operating lease right-of-use assets	$86.9M	$87.7M	$88.2M	$93.1M
Goodwill	$55.5M	$55.5M	$55.5M	$55.5M
Intangible assets, net	$23.0M	$27.0M	$31.1M	$35.3M
Other assets	$5.3M	$6.4M	$6.7M	$5.5M
Total assets	$579.6M	$589.7M	$597.9M	$601.3M
Current portion of long-term debt	$3.0M	$3.0M	$10.8M	$10.8M
Accounts payable	$22.2M	$27.8M	$31.1M	$27.0M
Accrued Liabilities, Current	$27.7M	$28.2M	$27.9M	$31.0M
Contract liabilities	$8.8M	$11.2M	$21.4M	$17.5M
Current portion of operating lease liabilities	$4.8M	$5.0M	$4.9M	$4.7M
Total current liabilities	$66.5M	$75.1M	$96.2M	$90.8M
Borrowings on line of credit	$276.0K	$24.7M	$54.5M	$83.7M
Long-term debt	$8.5M	$11.5M	—	—
Long-term lease liabilities (2)	$86.2M	$85.7M	$85.3M	$89.5M
Deferred income taxes	$12.5M	$8.3M	$10.9M	$11.4M
Other Liabilities, Noncurrent	$10.8M	$10.3M	$10.6M	$7.7M
Total liabilities	$184.8M	$215.7M	$257.5M	$283.1M
Preferred stock, $.01 par value, 10,000,000 shares authorized, none issued or outstanding	0	0	0	0
Common stock, $.01 par value, 15,000,000 shares authorized, 9,587,990 and 9,918,711 shares issued and outstanding as of December 31, 2025 and 2024, respectively	96.0K	99.0K	100.0K	99.0K
Additional paid-in-capital	$113.1M	$128.4M	$129.1M	$127.9M
Retained earnings	$281.7M	$246.3M	$212.1M	$191.1M
Accumulated other comprehensive loss	($143.0K)	($834.0K)	($960.0K)	($789.0K)
Total stockholders’ equity	$394.8M	$374.0M	$340.4M	$318.3M
Total liabilities and stockholders’ equity	$579.6M	$589.7M	$597.9M	$601.3M

NWPX Infrastructure Inc. balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$19.3M	$14.3M	$2.7M	$2.0M
Trade and other receivables, net of allowance of $504 and $528	$98.4M	$96.7M	$98.1M	$78.3M
Contract assets	$105.5M	$113.2M	$96.9M	$102.9M
Inventories	$91.1M	$69.8M	$74.5M	$76.5M
Prepaid expenses and other	$3.9M	$5.2M	$2.7M	$4.3M
Total current assets	$318.3M	$299.2M	$274.9M	$264.0M
Property and equipment, less accumulated depreciation and amortization of $159,559 and $153,364	$164.5M	$163.6M	$155.9M	$153.5M
Operating lease right-of-use assets	$86.0M	$87.3M	$88.3M	$88.2M
Goodwill	$55.5M	$55.5M	$55.5M	$55.5M
Intangible assets, net	$22.4M	$23.5M	$24.0M	$25.0M
Other assets	$5.3M	$5.1M	$6.5M	$6.4M
Total assets	$651.9M	$634.1M	$605.2M	$592.6M
Current portion of long-term debt	$3.0M	$3.0M	$3.0M	$3.0M
Accounts payable	$44.5M	$27.9M	$28.1M	$30.8M
Accrued liabilities	$26.8M	$24.6M	$32.3M	$23.7M
Contract liabilities	$37.9M	$50.9M	$8.3M	$4.2M
Current portion of operating lease liabilities	$5.2M	$5.2M	$4.8M	$5.1M
Total current liabilities	$117.4M	$111.5M	$76.4M	$66.8M
Borrowings on line of credit	$0	$0	$27.6M	$30.6M
Long-term debt	$7.0M	$7.7M	$9.2M	$10.0M
Operating lease liabilities	$85.4M	$86.6M	$87.4M	$86.7M
Deferred income taxes	$12.8M	$13.3M	$8.4M	$8.8M
Other long-term liabilities	$10.7M	$11.3M	$9.8M	$10.3M
Total liabilities	$233.3M	$230.4M	$218.9M	$213.1M
Preferred stock, $.01 par value, 10,000,000 shares authorized, none issued or outstanding	0	0	0	0
Common stock, $.01 par value, 15,000,000 shares authorized, 9,640,002 and 9,587,990 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	96.0K	96.0K	96.0K	98.0K
Additional paid-in-capital	$110.2M	$111.3M	$114.2M	$121.0M
Retained earnings	$308.1M	$292.3M	$272.9M	$259.4M
Accumulated other comprehensive income (loss)	$192.0K	$41.0K	($853.0K)	($1.0M)
Total stockholders’ equity	$418.6M	$403.7M	$386.4M	$379.5M
Total liabilities and stockholders’ equity	$651.9M	$634.1M	$605.2M	$592.6M

Cash flow statement

NWPX Infrastructure Inc. cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$35.4M	$34.2M	$21.1M	$31.1M
Depreciation and finance lease amortization	$15.4M	$15.0M	$11.6M	$12.7M
Amortization of intangible assets	$4.0M	$4.0M	$4.2M	$4.4M
Share-based compensation expense	$5.6M	$5.1M	$3.7M	$3.7M
Settlement loss on defined benefit plans	$1.5M	—	—	—
Noncash operating lease expense	$6.1M	—	—	—
Deferred income taxes	$4.3M	($4.7M)	($172.0K)	$514.0K
Gain on insurance proceeds	$0	$0	($466.0K)	$0
Other, net	$1.5M	$728.0K	$1.5M	($286.0K)
Trade and other receivables	($12.4M)	($20.0M)	$23.8M	($19.3M)
Contract assets, net	$10.0M	$6.8M	$5.3M	$225.0K
Inventories	$5.5M	$11.5M	($20.2M)	($11.4M)
Prepaid expenses and other assets	$2.5M	$6.1M	$5.2M	$3.4M
Accounts payable	($6.0M)	($3.4M)	$4.7M	($5.8M)
Accrued and other liabilities	($1.1M)	($309.0K)	($6.8M)	($1.7M)
Operating lease liabilities	($5.0M)	—	—	—
Net cash provided by operating activities	$67.3M	$55.1M	$53.5M	$17.5M
Purchases of property and equipment	($20.2M)	($20.8M)	($18.3M)	($22.8M)
Payment of working capital adjustment in acquisition of business	$0	$0	($2.7M)	—
Proceeds from insurance	$0	$0	$431.0K	$0
Other investing activities	$31.0K	$63.0K	$219.0K	$106.0K
Net cash used in investing activities	($20.1M)	($20.7M)	($20.4M)	($23.1M)
Borrowings on line of credit	$155.8M	$171.3M	$155.4M	$177.6M
Repayments on line of credit	($180.2M)	($201.1M)	($184.6M)	($180.7M)
Borrowings on other debt	$0	$4.2M	$0	$10.8M
Payments on other debt	($3.0M)	($500.0K)	$0	$0
Payments on finance lease liabilities	($1.7M)	($1.4M)	($826.0K)	($597.0K)
Tax withholdings related to net share settlements of equity awards	($2.3M)	($1.4M)	($1.7M)	($853.0K)
Repurchase of common stock	($18.4M)	($4.4M)	($707.0K)	—
Other financing activities	($146.0K)	($15.0K)	($300.0K)	($47.0K)
Net cash used in financing activities	($49.9M)	($33.4M)	($32.7M)	$6.2M
Change in cash and cash equivalents	($2.7M)	$939.0K	$387.0K	$684.0K
Cash and cash equivalents, beginning of period	$5.0M	$4.1M	$3.7M	$3.0M
Cash and cash equivalents, end of period	$2.3M	$5.0M	$4.1M	$3.7M
Cash paid during the period for interest, net of amounts capitalized	$2.5M	$5.9M	$4.7M	$3.2M
Federal	$7.6M	—	—	—
State and local	$2.2M	—	—	—
Foreign	$319.0K	—	—	—
Accrued property and equipment purchases	$1.2M	$872.0K	$656.0K	$1.3M
Accrued payment for repurchase of common stock	$222.0K	$0	$128.0K	—
Right-of-use assets obtained in exchange for finance lease liabilities	$2.2M	$1.1M	$5.3M	$1.5M
Right-of-use assets obtained in exchange for operating lease liabilities	$5.3M	$4.1M	$952.0K	$568.0K

NWPX Infrastructure Inc. cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$26.4M	$10.5M	$26.5M	$13.0M
Depreciation and finance lease amortization	$8.3M	$3.7M	$11.5M	$7.3M
Amortization of intangible assets	$2.1M	$1.0M	$3.0M	$2.0M
Share-based compensation expense	$3.7M	$1.3M	$3.9M	$2.7M
Noncash operating lease expense	$3.0M	$1.5M	$4.6M	$3.2M
Deferred income taxes	$331.0K	$791.0K	$113.0K	$453.0K
Other, net	($25.0K)	($74.0K)	$1.5M	$841.0K
Trade and other receivables	($19.5M)	($17.8M)	($32.2M)	($11.8M)
Contract assets, net	$14.7M	$19.9M	$3.7M	($6.4M)
Inventories	($14.9M)	$6.4M	$5.2M	$3.3M
Prepaid expenses and other assets	$1.9M	$726.0K	$4.3M	$2.8M
Accounts payable	$21.0M	$5.7M	($785.0K)	$552.0K
Accrued and other liabilities	($1.0M)	($3.3M)	$3.5M	($5.0M)
Operating lease liabilities	($2.5M)	($1.3M)	($3.8M)	($2.6M)
Net cash provided by operating activities	$43.3M	$29.3M	$31.3M	$10.3M
Purchases of property and equipment	($7.7M)	($3.5M)	($15.0M)	($7.2M)
Acquisition of business, net of cash acquired	($8.9M)	($8.9M)	—	—
Other investing activities	$25.0K	$19.0K	$31.0K	$21.0K
Net cash used in investing activities	($16.5M)	($12.3M)	($14.9M)	($7.1M)
Borrowings on line of credit	$1.2M	$1.2M	$133.0M	$89.2M
Repayments on line of credit	($1.5M)	($1.5M)	($130.0M)	($83.2M)
Payments on other debt	($1.5M)	($750.0K)	($2.3M)	($1.5M)
Payments on finance lease liabilities	($1.2M)	($648.0K)	($1.2M)	($803.0K)
Tax withholdings related to net share settlements of equity awards	($4.1M)	($883.0K)	($2.3M)	($2.3M)
Repurchase of common stock	($2.7M)	($2.4M)	($15.7M)	($7.5M)
Other financing activities	($26.0K)	—	($146.0K)	—
Net cash used in financing activities	($9.8M)	($5.0M)	($18.7M)	($6.1M)
Change in cash and cash equivalents	$17.0M	$12.0M	($2.3M)	($3.0M)
Cash and cash equivalents, beginning of period	$2.3M	$2.3M	$5.0M	$5.0M
Cash and cash equivalents, end of period	$19.3M	$14.3M	$2.7M	$2.0M
Accrued property and equipment purchases	$2.6M	$1.3M	$1.9M	$3.0M
Accrued payment for repurchase of common stock	$29.0K	—	$74.0K	$322.0K
Right-of-use assets obtained in exchange for finance lease liabilities	$1.7M	$1.7M	$1.1M	$1.1M
Right-of-use assets obtained in exchange for operating lease liabilities	$2.1M	$1.9M	$5.2M	$3.6M

NWPX Infrastructure Inc. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.