NWPX on Nasdaq

NWPX Infrastructure, Inc.

American steel pipe and tubes company based in Vancouver, active since 1966. Summary from the record

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Last updated Oct 19, 2026.

Overview

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  • TickerNWPX on Nasdaq2
  • IndustrySteel Pipe & Tubes2
  • HeadquartersVancouver, United States2
  • Incorporated inOR3
  • Business address201 Ne Park Plaza Drive, Suite 100, Vancouver, Wa 986843
  • Filer categoryAccelerated filer3
  • Legal formBusiness Corporation2
  • LEI54930056VW2CRCZ9RE542
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O Corporation Service Company, 97301 Salem, United States2
  • Registered withCorporation Division (Oregon Secretary of State), 077936-152

NWPX Infrastructure, Inc., formerly known as Northwest Pipe Company, is a leading manufacturer of water-related infrastructure products, and operates in two segments, Water Transmission Systems (“WTS”), operating as the Northwest Pipe Company brand, and Precast Infrastructure and Engineered Systems (“Precast”), which includes the brands NWPX Geneva and NWPX Park. Under the Northwest Pipe Company brand, we are the largest manufacturer of engineered water transmission systems in North America and produce steel casing pipe, bar-wrapped concrete cylinder pipe, and pipeline system joints and fittings. We also provide solution-based products for a wide range of markets including high-quality reinforced precast concrete products, lined precast sanitary sewer system structures, water distribution and management equipment including pump lift stations, wastewater pretreatment, and stormwater quali…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

19.7%Gross margin5
9.7%Operating margin5
6.7%Net margin5
6.8%Revenue growth, 20255
9.0%Return on equity5
0.02×Debt to equity5
$47.1MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Water Transmission Systems brought in 67% of the revenue NWPX Infrastructure, Inc. broke down this way in fiscal 2025.

  1. Water Transmission Systems$350.9M567%up 4% from 2024
  2. Precast Infrastructure and Engineered Systems$175.1M533%up 13% from 2024
Business segments by year
Business segments202320242025
Water Transmission Systems$296.4M$337.9M$350.9M
Precast Infrastructure and Engineered Systems$148.0M$154.6M$175.1M

Regions

United States brought in 93% of the revenue NWPX Infrastructure, Inc. broke down this way in fiscal 2025.

  1. United States$487.6M593%up 3% from 2024
  2. Canada$38.4M57%up 120% from 2024
Regions by year
Regions202320242025
United States$420.9M$475.1M$487.6M
Canada$23.4M$17.4M$38.4M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue81¢$422.4M
  • Selling, general and admin10¢$52.8M
  • Interest0¢$2.6M
  • Income tax2¢$11.1M
  • Profit7¢$35.4M

Out of $526.0M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending30¢$20.2M
  • Share buybacks27¢$18.4M
  • Kept or used elsewhere43¢$28.8M

Out of $67.3M of cash from operations.5

Financial statements

Revenue67895$526.0M in 2025+88% since 2019
0$200.0M$400.0M$600.0M2019: $279.3M$279.3M20192020: $285.9M$285.9M2020+2%2021: $333.3M$333.3M2021+17%2022: $457.7M$457.7M2022+37%2023: $444.4M$444.4M2023−3%2024: $492.5M$492.5M2024+11%2025: $526.0M$526.0M2025+7%
Gross profit67895$103.6M in 2025+120% since 2019
0$50.0M$100.0M$150.0M2019: $47.2M$47.2M20192020: $50.5M$50.5M2020+7%2021: $44.3M$44.3M2021−12%2022: $85.9M$85.9M2022+94%2023: $77.6M$77.6M2023−10%2024: $95.4M$95.4M2024+23%2025: $103.6M$103.6M2025+9%
Operating income67895$50.9M in 2025+77% since 2019
0$20.0M$40.0M$60.0M2019: $28.7M$28.7M20192020: $25.6M$25.6M2020−11%2021: $16.0M$16.0M2021−37%2022: $44.8M$44.8M2022+180%2023: $33.9M$33.9M2023−24%2024: $48.2M$48.2M2024+42%2025: $50.9M$50.9M2025+5%
Net income67895$35.4M in 2025+27% since 2019
0$10.0M$20.0M$30.0M$40.0M2019: $27.9M$27.9M20192020: $19.1M$19.1M2020−32%2021: $11.5M$11.5M2021−40%2022: $31.1M$31.1M2022+170%2023: $21.1M$21.1M2023−32%2024: $34.2M$34.2M2024+62%2025: $35.4M$35.4M2025+4%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Net sales$526.0M$492.5M$444.4M
Cost of sales$422.4M$397.1M$366.7M
Gross profit$103.6M$95.4M$77.6M
Selling, general, and administrative expense$52.8M$47.2M$43.8M
Operating income$50.9M$48.2M$33.9M
Other income (loss)-$1.8M-$213.0K$276.0K
Interest expense-$2.6M-$5.7M-$4.9M
Income before income taxes$46.5M$42.4M$29.3M
Income tax expense$11.1M$8.2M$8.2M
Net income$35.4M$34.2M$21.1M
Basic (in dollars per share)$3.62$3.45$2.11
Diluted (in dollars per share)$3.56$3.40$2.09
Basic (in shares)9.8M shares9.9M shares10.0M shares
Diluted (in shares)9.9M shares10.1M shares10.1M shares

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Leadership

Who has led NWPX Infrastructure, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (29)

Former names

  • NORTHWEST PIPE CONov 12, 1996 to Jun 12, 20253

Timeline

  1. Jan 11, 2013New chief executive Scott J. Montross becomes CEO13
  2. Apr 2, 2010New chief executive Richard A. Roman becomes CEO14
  3. Dec 6, 2006New chief executive Brian W. Dunham becomes CEO15
  4. Mar 31, 1966Founded NWPX Infrastructure, Inc. is founded2

Filings

353 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 54 major events, 205 insider forms, 25 large holders, 49 other. The latest 20:

  1. Oct 8, 2026SCHEDULE 13G/A EDGAR
  2. Oct 6, 20264 EDGAR
  3. Oct 6, 20264 EDGAR
  4. Oct 5, 2026144 EDGAR
  5. Oct 2, 20264 EDGAR
  6. Oct 1, 2026144 EDGAR
  7. Sep 30, 20264 EDGAR
  8. Sep 28, 2026144 EDGAR
  9. Sep 23, 20264 EDGAR
  10. Sep 23, 20264 EDGAR
  11. Sep 21, 2026144 EDGAR
  12. Sep 16, 20264 EDGAR
  13. Sep 16, 20264 EDGAR
  14. Sep 16, 20264 EDGAR
  15. Sep 14, 2026144 EDGAR
  16. Sep 11, 20264 EDGAR
  17. Sep 10, 20264 EDGAR
  18. Sep 10, 20264 EDGAR
  19. Sep 10, 20264 EDGAR
  20. Sep 9, 2026144 EDGAR

The 353 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

95 open-market trades by officers, directors and large owners since October 2021: 0 buys and 95 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 28, 2026LARSON KEITH RDirectorSale1,000$102.20$102.2KForm 4
Sep 21, 2026Wilkins AaronCFOSale20$101.93$2.0KForm 4
Sep 21, 2026LARSON KEITH RDirectorSale1,000$102.31$102.3KForm 4
Sep 14, 2026Wilkins AaronCFOSale1,950$100.68$196.3KForm 4
Sep 14, 2026LARSON KEITH RDirectorSale1,000$101.12$101.1KForm 4
Sep 9, 2026FRANSON MICHAEL CDirectorSale3,500$105.30$368.6KForm 4
Sep 8, 2026Wilkins AaronCFOSale1,500$106.52$159.8KForm 4
Sep 8, 2026LARSON KEITH RDirectorSale1,000$105.87$105.9KForm 4
Sep 8, 2026ROMAN RICHARD ADirectorSale4,000$105.72$422.9KForm 4
Sep 3, 2026LARSON KEITH RDirectorSale4$110.79$443Form 4
Sep 2, 2026LARSON KEITH RDirectorSale74$110.26$8.2KForm 4
Aug 31, 2026LARSON KEITH RDirectorSale1,172$110.04$129.0KForm 4
Aug 31, 2026MONTROSS SCOTT JPresident & CEOSale1,227$110.58$135.7KForm 4
Aug 26, 2026Wray MichaelExecutive Vice PresidentSale4,500$110.94$499.2KForm 4
Aug 24, 2026LARSON KEITH RDirectorSale1,250$110.32$137.9KForm 4
Aug 24, 2026MONTROSS SCOTT JPresident & CEOSale2,500$109.37$273.4KForm 4
Aug 17, 2026MONTROSS SCOTT JPresident & CEOSale2,500$115.13$287.8KForm 4
Aug 17, 2026LARSON KEITH RDirectorSale1,250$115.86$144.8KForm 4
Aug 10, 2026MONTROSS SCOTT JPresident & CEOSale2,500$118.74$296.9KForm 4
Aug 10, 2026Wilkins AaronCFOSale428$120.00$51.4KForm 4

All 95 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.902,793$135.4M0.0%+162,770
Dimensional Fund Advisors LP635,262$95.3M0.0%−52,857
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.588,097$88.2M0.1%+45,530
Vanguard Capital Management LLC411,242$61.7M0.0%+3,379
American Century Companies Inc396,231$59.4M0.0%+151,340
Geode Capital Management, LLC298,048$44.7M0.0%+13,369
Royce & Associates LP289,727$43.4M0.3%−114,961
Legal & General Group Plc285,122$42.8M0.0%+21,923
DDD Partners, LLC249,520$37.4M2.3%−175,160
State Street Corp224,777$33.7M0.0%+3,610
Morgan Stanley173,949$26.1M0.0%+10,766
Invesco Ltd.153,412$23.0M0.0%+85,569
Jane Street Group, LLC152,714$22.9M0.0%−12,131
First Wilshire Securities Management Inc151,077$22.7M4.7%−26,168
Heartland Advisors Inc140,000$21.0M0.9%−60,000
Vanguard Portfolio Management LLC132,243$19.8M0.0%+56,805
Barrow Hanley Mewhinney & Strauss LLC111,107$16.7M0.1%New
Two Sigma Investments, LP109,006$16.3M0.0%+46,603
Hillsdale Investment Management Inc.99,290$14.9M0.3%+40,090
Qube Research & Technologies Ltd94,104$14.1M0.0%+6,307
Northern Trust Corp93,630$14.0M0.0%+5,861
Panagora Asset Management Inc93,391$14.0M0.0%+34,329
Lazard Asset Management LLC86,325$12.9M0.0%+1,751
Bridgeway Capital Management, LLC86,167$12.9M0.2%−3,626
Norges Bank80,700$12.1M0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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