Northwest Pipe Company
Research Northwest Pipe Company (NWPX) on Bullrun: valuation model: 12.4% overvalued, market cap USD 1.07B, P/E 22.2. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerNWPX
- ExchangeNASDAQ
- CountryUnited States
- SectorBasic Materials
- IndustrySteel
- CurrencyUSD
- Valuation signal12.4% overvalued
- Market capUSD 1.07B
- P/E22.2
- Financial periodQ2 2026
- RevenueUSD 159.48M
- Net incomeUSD 15.83M
- Free cash flowUSD 9.86M
- Gross margin21.5%
Valuation Snapshot
Bullrun's latest valuation model marks Northwest Pipe Company as 12.4% overvalued; latest market cap is USD 1.07B; P/E is 22.2.
Peer valuation comparison
Latest P/E is 22.23x versus a Basic Materials sector median of 17.36x (28.0% above).
Latest P/E is 22.23x versus a United States median of 24.87x (10.6% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 526.00M | USD 35.41M | USD 47.11M | 19.7% | 3.56 | USD 2.27M | USD 11.48M | USD 394.78M |
| FY2024 | USD 492.55M | USD 34.21M | USD 34.25M | 19.4% | 3.4 | USD 5.01M | USD 14.47M | USD 374.00M |
| FY2023 | USD 444.36M | USD 21.07M | USD 35.16M | 17.5% | 2.09 | USD 4.07M | USD 0 | USD 340.36M |
| FY2022 | USD 457.67M | USD 31.15M | -USD 5.29M | 18.8% | 3.11 | USD 3.68M | USD 10.76M | USD 318.27M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 1.07B | 22.2 | n/a | n/a |
| 2025 | 2025-12-31 | USD 599.15M | 17.5 | n/a | n/a |
| 2024 | 2024-12-31 | USD 478.68M | 14.2 | n/a | n/a |
| 2023 | 2023-12-29 | USD 303.03M | 12.9 | n/a | n/a |
| 2022 | 2022-12-30 | USD 334.55M | 13.2 | n/a | n/a |
| 2021 | 2021-12-31 | USD 313.89M | 27.4 | n/a | n/a |
About Northwest Pipe Company
NWPX Infrastructure, Inc., together with its subsidiaries, manufactures and sells water-related infrastructure products in the United States and Canada. It operates through two segments, Water Transmission Systems (WTS); and Precast Infrastructure and Engineered Systems (Precast). The WTS segment manufactures large-diameter, high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.
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Frequently asked questions
Is Northwest Pipe Company overvalued or undervalued?
Bullrun's valuation model currently marks Northwest Pipe Company as 12.4% overvalued.
What is Northwest Pipe Company's market cap?
Northwest Pipe Company's market capitalization is USD 1.07B.
What is Northwest Pipe Company's P/E ratio?
Northwest Pipe Company's price-to-earnings (P/E) ratio is 22.2.
What does Northwest Pipe Company do?
NWPX Infrastructure, Inc., together with its subsidiaries, manufactures and sells water-related infrastructure products in the United States and Canada. It operates through two segments, Water Transmission Systems (WTS); and Precast Infrastructure and Engineered Systems (Precast). The WTS segment manufactures 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, seismic resiliency, and other applications.