Northwest Pipe (NWPX) Financials

$39.83 -0.12 (-0.30%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$39.85 +0.02 (+0.06%)

As of 05/23/2025 04:25 PM Eastern

Annual Income Statements for Northwest Pipe

This table shows Northwest Pipe's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	34	21	31
Consolidated Net Income / (Loss)	34	21	31
Net Income / (Loss) Continuing Operations	34	21	31
Total Pre-Tax Income	42	29	41
Total Operating Income	48	34	45
Total Gross Profit	95	78	86
Total Revenue	493	444	458
Operating Revenue	493	444	458
Total Cost of Revenue	397	367	372
Operating Cost of Revenue	397	367	372
Total Operating Expenses	47	44	41
Selling, General & Admin Expense	47	44	41
Total Other Income / (Expense), net	-5.87	-4.58	-3.47
Interest Expense	5.66	4.86	3.57
Other Income / (Expense), net	-0.21	0.28	0.10
Income Tax Expense	8.17	8.21	10
Basic Earnings per Share	$3.45	$2.11	$3.14
Weighted Average Basic Shares Outstanding	9.92M	9.99M	9.91M
Diluted Earnings per Share	$3.40	$2.09	$3.11
Weighted Average Diluted Shares Outstanding	10.07M	10.08M	10.01M
Weighted Average Basic & Diluted Shares Outstanding	9.94M	9.89M	9.94M

This table shows Northwest Pipe's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	10	10	8.62	5.24	5.44	5.82	7.45	2.36	7.96	9.96
Consolidated Net Income / (Loss)	10	10	8.62	5.24	5.44	5.82	7.45	2.36	7.96	9.96
Net Income / (Loss) Continuing Operations	10	10	8.62	5.24	5.44	5.82	7.45	2.36	7.96	9.96
Total Pre-Tax Income	9.66	14	12	7.22	7.99	7.83	10	3.31	9.85	14
Total Operating Income	10	15	14	8.69	8.63	9.06	11	4.71	11	14
Total Gross Profit	22	27	26	20	19	19	22	17	22	25
Total Revenue	120	130	130	113	110	119	116	99	107	123
Operating Revenue	120	130	130	113	110	119	116	99	107	123
Total Cost of Revenue	97	103	104	93	91	99	94	83	85	98
Operating Cost of Revenue	97	103	104	93	91	99	94	83	85	98
Total Operating Expenses	12	12	12	11	11	10	11	12	11	11
Selling, General & Admin Expense	12	12	12	11	11	10	11	12	11	11
Total Other Income / (Expense), net	-0.84	-1.52	-2.05	-1.47	-0.63	-1.22	-1.33	-1.40	-1.13	-0.95
Interest Expense	0.91	1.45	1.82	1.47	1.13	1.16	1.19	1.37	1.18	0.96
Other Income / (Expense), net	0.07	-0.07	-0.23	0.01	0.50	-0.06	-0.13	-0.03	0.04	0.01
Income Tax Expense	-0.44	3.67	2.95	1.99	2.55	2.02	2.69	0.95	1.89	3.56
Basic Earnings per Share	$1.02	$1.03	$0.87	$0.53	$0.55	$0.58	$0.74	$0.24	$0.80	$1.00
Weighted Average Basic Shares Outstanding	9.92M	9.92M	9.91M	9.92M	9.99M	10.01M	10M	9.94M	9.91M	9.93M
Diluted Earnings per Share	$1.00	$1.02	$0.86	$0.52	$0.54	$0.58	$0.74	$0.23	$0.79	$0.99
Weighted Average Diluted Shares Outstanding	10.07M	10.06M	10.00M	10.05M	10.08M	10.11M	10.07M	10.09M	10.01M	10.01M
Weighted Average Basic & Diluted Shares Outstanding	9.94M	9.92M	9.92M	9.92M	9.89M	10.01M	10.01M	10.00M	9.94M	9.93M

This table details how cash moves in and out of Northwest Pipe's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	0.94	0.39	0.68
Net Cash From Operating Activities	55	53	18
Net Cash From Continuing Operating Activities	55	53	18
Net Income / (Loss) Continuing Operations	34	21	31
Consolidated Net Income / (Loss)	34	21	31
Depreciation Expense	15	12	13
Amortization Expense	4.03	4.19	4.44
Non-Cash Adjustments To Reconcile Net Income	13	10	3.64
Changes in Operating Assets and Liabilities, net	-11	6.57	-34
Net Cash From Investing Activities	-21	-20	-23
Net Cash From Continuing Investing Activities	-21	-20	-23
Purchase of Property, Plant & Equipment	-21	-18	-23
Acquisitions	0.00	-2.73	-0.33
Other Investing Activities, net	0.06	0.65	0.11
Net Cash From Financing Activities	-33	-33	6.19
Net Cash From Continuing Financing Activities	-33	-33	6.19
Repayment of Debt	-202	-185	-181
Repurchase of Common Equity	-4.43	-0.71	0.00
Issuance of Debt	176	155	188
Other Financing Activities, net	-2.87	-2.48	-1.45
Cash Interest Paid	5.88	4.66	3.17
Cash Income Taxes Paid	9.02	5.91	14

This table details how cash moves in and out of Northwest Pipe's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-0.72	1.20	0.27	0.19	0.01	-0.09	0.22	0.25	-0.03	0.16
Net Cash From Operating Activities	36	23	22	-26	9.05	17	1.20	26	-7.98	15
Net Cash From Continuing Operating Activities	36	23	22	-26	9.05	17	1.20	26	-7.98	15
Net Income / (Loss) Continuing Operations	10	10	8.62	5.24	5.44	5.82	7.45	2.36	7.96	9.96
Consolidated Net Income / (Loss)	10	10	8.62	5.24	5.44	5.82	7.45	2.36	7.96	9.96
Depreciation Expense	3.78	4.15	3.70	3.41	2.97	3.00	2.84	2.80	3.34	3.26
Amortization Expense	1.01	1.01	1.01	1.01	1.04	1.04	1.04	1.06	1.07	1.07
Non-Cash Adjustments To Reconcile Net Income	1.27	12	17	-17	-11	7.93	-2.66	15	-2.06	17
Changes in Operating Assets and Liabilities, net	20	-4.30	-7.65	-19	10	-0.86	-7.48	4.82	-18	-16
Net Cash From Investing Activities	-4.19	-5.97	-6.05	-4.52	-4.46	-4.78	-6.75	-4.38	-11	-3.65
Net Cash From Continuing Investing Activities	-4.19	-5.97	-6.05	-4.52	-4.46	-4.78	-6.75	-4.38	-11	-3.65
Purchase of Property, Plant & Equipment	-4.19	-5.98	-6.06	-4.57	-5.05	-4.83	-4.03	-4.38	-11	-3.34
Other Investing Activities, net	0.00	0.00	0.01	0.05	0.59	0.05	0.01	0.00	0.39	-0.32
Net Cash From Financing Activities	-33	-16	-16	31	-4.58	-12	5.78	-22	19	-12
Net Cash From Continuing Financing Activities	-33	-16	-16	31	-4.58	-12	5.78	-22	19	-12
Repayment of Debt	-65	-53	-55	-29	-46	-52	-31	-56	-45	-55
Issuance of Debt	33	38	41	65	42	40	38	35	64	44
Other Financing Activities, net	-0.35	-0.36	-1.46	-0.70	-0.28	-0.24	-1.40	-0.57	-0.19	-0.14

This table presents Northwest Pipe's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	590	598	601
Total Current Assets	262	272	279
Cash & Equivalents	5.01	4.07	3.68
Accounts Receivable	67	48	72
Inventories, net	80	91	71
Prepaid Expenses	7.34	9.03	11
Other Current Assets	103	121	122
Plant, Property, & Equipment, net	150	144	133
Total Noncurrent Assets	177	181	189
Goodwill	56	56	56
Intangible Assets	27	31	35
Other Noncurrent Operating Assets	94	95	99
Total Liabilities & Shareholders' Equity	590	598	601
Total Liabilities	216	258	283
Total Current Liabilities	75	96	91
Short-Term Debt	2.99	11	11
Accounts Payable	28	31	27
Accrued Expenses	28	28	31
Current Deferred Revenue	11	21	-
Other Current Liabilities	4.99	4.93	22
Total Noncurrent Liabilities	141	161	192
Long-Term Debt	36	54	84
Noncurrent Deferred & Payable Income Tax Liabilities	8.30	11	11
Other Noncurrent Operating Liabilities	96	96	7.66
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	374	340	318
Total Preferred & Common Equity	374	340	318
Preferred Stock	0.00	0.00	0.00
Total Common Equity	374	340	318
Common Stock	129	129	128
Retained Earnings	246	212	191
Accumulated Other Comprehensive Income / (Loss)	-0.83	-0.96	-0.79

This table presents Northwest Pipe's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	617	632	621	589	603	582	586
Total Current Assets	294	308	297	266	279	261	271
Cash & Equivalents	5.72	4.53	4.26	4.06	4.15	3.93	3.71
Accounts Receivable	80	71	52	67	63	61	74
Inventories, net	85	88	96	83	85	71	72
Prepaid Expenses	2.53	5.27	7.84	6.64	4.92	9.01	4.33
Other Current Assets	121	139	136	105	122	116	117
Plant, Property, & Equipment, net	149	147	145	140	138	134	124
Total Noncurrent Assets	174	176	179	183	186	187	191
Goodwill	56	56	56	56	56	56	56
Intangible Assets	28	29	30	32	33	34	36
Other Noncurrent Operating Assets	91	92	94	95	97	97	100
Total Liabilities & Shareholders' Equity	617	632	621	589	603	582	586
Total Liabilities	255	281	279	254	274	261	278
Total Current Liabilities	92	101	83	88	95	90	97
Short-Term Debt	11	11	11	11	11	11	3.53
Accounts Payable	20	25	26	31	27	25	40
Accrued Expenses	27	23	22	24	26	24	33
Current Deferred Revenue	29	37	19	17	-	-	-
Other Current Liabilities	5.18	5.11	5.07	4.90	32	30	21
Total Noncurrent Liabilities	163	180	195	166	179	171	180
Long-Term Debt	61	76	90	58	70	63	72
Noncurrent Deferred & Payable Income Tax Liabilities	11	11	11	12	12	12	11
Other Noncurrent Operating Liabilities	91	93	95	96	97	96	98
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	362	351	343	335	329	321	309
Total Preferred & Common Equity	362	351	343	335	329	321	309
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	362	351	343	335	329	321	309
Common Stock	127	126	126	129	129	129	127
Retained Earnings	236	226	217	207	201	193	183
Accumulated Other Comprehensive Income / (Loss)	-1.16	-0.92	-0.91	-0.95	-0.92	-0.92	-1.20

This table displays calculated financial ratios and metrics derived from Northwest Pipe's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	10.85%	-2.91%	37.31%
EBITDA Growth	34.37%	-19.48%	106.85%
EBIT Growth	40.71%	-24.01%	174.56%
NOPAT Growth	59.83%	-27.83%	177.04%
Net Income Growth	62.33%	-32.35%	170.32%
EPS Growth	62.68%	-32.80%	168.10%
Operating Cash Flow Growth	2.99%	204.76%	401.84%
Free Cash Flow Firm Growth	-73.35%	3,226.57%	97.79%
Invested Capital Growth	1.65%	-19.45%	8.17%
Revenue Q/Q Growth	1.96%	0.76%	0.94%
EBITDA Q/Q Growth	3.43%	-4.40%	14.74%
EBIT Q/Q Growth	3.10%	-5.28%	21.26%
NOPAT Q/Q Growth	15.67%	-11.19%	22.62%
Net Income Q/Q Growth	15.74%	-10.67%	22.35%
EPS Q/Q Growth	15.65%	-10.68%	21.96%
Operating Cash Flow Q/Q Growth	96.79%	46.73%	-47.38%
Free Cash Flow Firm Q/Q Growth	489.54%	1,448.19%	94.72%
Invested Capital Q/Q Growth	-4.66%	0.41%	31.08%
Profitability Metrics	-	-	-
Gross Margin	19.37%	17.47%	18.76%
EBITDA Margin	13.62%	11.24%	13.55%
Operating Margin	9.79%	7.62%	9.79%
EBIT Margin	9.75%	7.68%	9.81%
Profit (Net Income) Margin	6.94%	4.74%	6.81%
Tax Burden Percent	80.73%	71.97%	75.33%
Interest Burden Percent	88.22%	85.78%	92.06%
Effective Tax Rate	19.27%	28.03%	24.67%
Return on Invested Capital (ROIC)	9.62%	5.41%	7.04%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.33%	2.68%	5.58%
Return on Net Nonoperating Assets (RNNOA)	-0.04%	0.98%	3.32%
Return on Equity (ROE)	9.58%	6.40%	10.35%
Cash Return on Invested Capital (CROIC)	7.99%	26.97%	-0.81%
Operating Return on Assets (OROA)	8.09%	5.69%	7.82%
Return on Assets (ROA)	5.76%	3.51%	5.42%
Return on Common Equity (ROCE)	9.58%	6.40%	10.35%
Return on Equity Simple (ROE_SIMPLE)	9.15%	6.19%	9.79%
Net Operating Profit after Tax (NOPAT)	39	24	34
NOPAT Margin	7.91%	5.48%	7.38%
Net Nonoperating Expense Percent (NNEP)	9.95%	2.73%	1.46%
Return On Investment Capital (ROIC_SIMPLE)	9.43%	6.01%	6.72%
Cost of Revenue to Revenue	80.63%	82.53%	81.24%
SG&A Expenses to Revenue	9.57%	9.85%	8.97%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.57%	9.85%	8.97%
Earnings before Interest and Taxes (EBIT)	48	34	45
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	67	50	62
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.28	0.89	1.05
Price to Tangible Book Value (P/TBV)	1.64	1.19	1.47
Price to Revenue (P/Rev)	0.97	0.68	0.73
Price to Earnings (P/E)	13.99	14.38	10.74
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	7.15%	6.95%	9.31%
Enterprise Value to Invested Capital (EV/IC)	1.26	0.91	1.03
Enterprise Value to Revenue (EV/Rev)	1.04	0.82	1.12
Enterprise Value to EBITDA (EV/EBITDA)	7.64	7.29	8.30
Enterprise Value to EBIT (EV/EBIT)	10.68	10.67	11.46
Enterprise Value to NOPAT (EV/NOPAT)	13.17	14.95	15.25
Enterprise Value to Operating Cash Flow (EV/OCF)	9.32	6.81	29.35
Enterprise Value to Free Cash Flow (EV/FCFF)	15.86	3.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.10	0.19	0.58
Long-Term Debt to Equity	0.10	0.16	0.54
Financial Leverage	0.13	0.37	0.59
Leverage Ratio	1.66	1.82	1.91
Compound Leverage Factor	1.47	1.56	1.76
Debt to Total Capital	9.48%	16.09%	36.62%
Short-Term Debt to Total Capital	0.72%	2.65%	2.14%
Long-Term Debt to Total Capital	8.75%	13.43%	34.48%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	90.52%	83.92%	63.38%
Debt to EBITDA	0.58	1.31	2.97
Net Debt to EBITDA	0.51	1.22	2.91
Long-Term Debt to EBITDA	0.54	1.09	2.79
Debt to NOPAT	1.01	2.68	5.45
Net Debt to NOPAT	0.88	2.51	5.34
Long-Term Debt to NOPAT	0.93	2.24	5.13
Altman Z-Score	3.40	2.49	2.54
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	3.49	2.83	3.07
Quick Ratio	0.96	0.54	0.83
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	32	121	-3.88
Operating Cash Flow to CapEx	264.68%	292.25%	76.83%
Free Cash Flow to Firm to Interest Expense	5.71	25.00	-1.09
Operating Cash Flow to Interest Expense	9.73	11.01	4.92
Operating Cash Flow Less CapEx to Interest Expense	6.05	7.24	-1.48
Efficiency Ratios	-	-	-
Asset Turnover	0.83	0.74	0.80
Accounts Receivable Turnover	8.60	7.46	7.37
Inventory Turnover	4.65	4.52	5.69
Fixed Asset Turnover	3.35	3.21	3.60
Accounts Payable Turnover	13.48	12.62	12.55
Days Sales Outstanding (DSO)	42.46	48.96	49.54
Days Inventory Outstanding (DIO)	78.58	80.75	64.14
Days Payable Outstanding (DPO)	27.08	28.92	29.08
Cash Conversion Cycle (CCC)	93.96	100.79	84.61
Capital & Investment Metrics	-	-	-
Invested Capital	408	402	499
Invested Capital Turnover	1.22	0.99	0.95
Increase / (Decrease) in Invested Capital	6.61	-97	38
Enterprise Value (EV)	513	364	515
Market Capitalization	479	303	335
Book Value per Share	$37.71	$33.99	$32.06
Tangible Book Value per Share	$29.38	$25.34	$22.92
Total Capital	413	406	502
Total Debt	39	65	184
Total Long-Term Debt	36	54	173
Net Debt	34	61	180
Capital Expenditures (CapEx)	21	18	23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	185	183	195
Debt-free Net Working Capital (DFNWC)	190	187	199
Net Working Capital (NWC)	187	176	188
Net Nonoperating Expense (NNE)	4.74	3.30	2.61
Net Nonoperating Obligations (NNO)	34	61	180
Total Depreciation and Amortization (D&A)	19	16	17
Debt-free, Cash-free Net Working Capital to Revenue	37.63%	41.18%	42.60%
Debt-free Net Working Capital to Revenue	38.65%	42.09%	43.41%
Net Working Capital to Revenue	38.04%	39.67%	41.06%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$3.45	$2.11	$3.14
Adjusted Weighted Average Basic Shares Outstanding	9.92M	9.99M	9.91M
Adjusted Diluted Earnings per Share	$3.40	$2.09	$3.11
Adjusted Weighted Average Diluted Shares Outstanding	10.07M	10.08M	10.01M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	9.94M	9.89M	9.94M
Normalized Net Operating Profit after Tax (NOPAT)	39	24	34
Normalized NOPAT Margin	7.91%	5.48%	7.38%
Pre Tax Income Margin	8.60%	6.59%	9.04%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	8.49	7.03	12.59
NOPAT to Interest Expense	6.88	5.02	9.46
EBIT Less CapEx to Interest Expense	4.81	3.26	6.19
NOPAT Less CapEx to Interest Expense	3.21	1.25	3.06
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	12.95%	3.36%	0.00%

This table displays calculated financial ratios and metrics derived from Northwest Pipe's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.59%	9.67%	11.29%	14.25%	3.12%	-3.47%	-1.81%	-9.36%	4.17%	45.30%
EBITDA Growth	16.92%	57.42%	18.95%	53.48%	-14.90%	-30.62%	-16.36%	-10.94%	106.64%	91.01%
EBIT Growth	15.85%	70.88%	18.18%	85.75%	-17.25%	-37.85%	-18.80%	-14.28%	249.73%	107.62%
NOPAT Growth	86.73%	69.06%	20.49%	87.63%	-33.82%	-36.89%	-18.36%	-14.62%	234.26%	117.36%
Net Income Growth	85.45%	76.23%	15.72%	121.76%	-31.62%	-41.56%	-23.00%	-33.63%	250.55%	101.29%
EPS Growth	85.19%	75.86%	16.22%	126.09%	-31.65%	-41.41%	-23.71%	-36.11%	243.48%	98.00%
Operating Cash Flow Growth	299.33%	34.34%	1,760.82%	-199.27%	213.40%	10.31%	-85.95%	1,494.78%	-202.09%	182.09%
Free Cash Flow Firm Growth	-95.76%	-30.62%	-7.01%	-219.14%	457.55%	85.76%	85.85%	88.93%	84.45%	-238.94%
Invested Capital Growth	1.65%	7.05%	6.92%	12.41%	-19.45%	5.15%	6.62%	4.43%	8.17%	36.18%
Revenue Q/Q Growth	-8.12%	0.54%	14.39%	2.77%	-7.21%	2.02%	17.43%	-7.24%	-13.14%	3.76%
EBITDA Q/Q Growth	-25.16%	13.42%	38.06%	-0.23%	0.76%	-14.30%	78.14%	-44.68%	-17.86%	3.32%
EBIT Q/Q Growth	-31.23%	14.79%	53.97%	-4.69%	1.43%	-20.61%	142.01%	-57.54%	-23.82%	3.73%
NOPAT Q/Q Growth	-3.52%	12.06%	61.02%	7.26%	-12.65%	-20.13%	150.73%	-62.17%	-16.71%	3.33%
Net Income Q/Q Growth	-1.53%	18.96%	64.55%	-3.78%	-6.43%	-21.89%	215.33%	-70.33%	-20.04%	2.93%
EPS Q/Q Growth	-1.96%	18.60%	65.38%	-3.70%	-6.90%	-21.62%	221.74%	-70.89%	-20.20%	2.06%
Operating Cash Flow Q/Q Growth	58.83%	2.11%	185.38%	-388.40%	-46.57%	1,314.37%	-95.45%	429.47%	-151.97%	80.12%
Free Cash Flow Firm Q/Q Growth	125.94%	6.14%	57.51%	-140.98%	899.05%	23.10%	-26.73%	54.09%	68.17%	23.59%
Invested Capital Q/Q Growth	-4.66%	-1.21%	-1.28%	9.32%	0.41%	-1.32%	3.78%	-21.66%	31.08%	0.05%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.76%	20.75%	19.93%	17.78%	17.51%	16.25%	19.32%	16.73%	20.47%	20.42%
EBITDA Margin	12.84%	15.77%	13.98%	11.58%	11.93%	10.98%	13.08%	8.62%	14.45%	15.28%
Operating Margin	8.77%	11.86%	10.52%	7.68%	7.83%	7.63%	9.85%	4.75%	10.28%	11.76%
EBIT Margin	8.84%	11.81%	10.34%	7.68%	8.28%	7.58%	9.74%	4.72%	10.32%	11.77%
Profit (Net Income) Margin	8.44%	7.87%	6.66%	4.63%	4.94%	4.90%	6.40%	2.38%	7.45%	8.10%
Tax Burden Percent	104.51%	73.66%	74.51%	72.52%	68.12%	74.27%	73.45%	71.29%	80.81%	73.69%
Interest Burden Percent	91.38%	90.55%	86.39%	83.05%	87.58%	87.08%	89.49%	70.76%	89.34%	93.34%
Effective Tax Rate	-4.51%	26.34%	25.49%	27.48%	31.88%	25.73%	26.55%	28.71%	19.19%	26.31%
Return on Invested Capital (ROIC)	11.16%	10.19%	8.81%	6.15%	5.27%	6.40%	8.21%	3.97%	7.93%	11.91%
ROIC Less NNEP Spread (ROIC-NNEP)	9.32%	8.48%	6.89%	4.87%	4.91%	5.07%	6.99%	2.69%	7.42%	9.92%
Return on Net Nonoperating Assets (RNNOA)	1.24%	1.59%	1.61%	1.22%	1.80%	1.07%	1.79%	0.69%	4.41%	1.19%
Return on Equity (ROE)	12.40%	11.78%	10.42%	7.37%	7.07%	7.48%	9.99%	4.66%	12.34%	13.10%
Cash Return on Invested Capital (CROIC)	7.99%	1.32%	0.23%	-5.10%	26.97%	2.01%	1.58%	4.36%	-0.81%	-22.29%
Operating Return on Assets (OROA)	7.33%	9.46%	7.90%	5.85%	6.14%	5.69%	7.29%	3.70%	8.22%	11.03%
Return on Assets (ROA)	7.00%	6.31%	5.09%	3.52%	3.66%	3.68%	4.79%	1.87%	5.94%	7.59%
Return on Common Equity (ROCE)	12.40%	11.78%	10.42%	7.37%	7.07%	7.48%	9.99%	4.66%	12.34%	13.10%
Return on Equity Simple (ROE_SIMPLE)	0.00%	8.16%	7.15%	6.99%	0.00%	7.04%	8.44%	9.33%	0.00%	8.25%
Net Operating Profit after Tax (NOPAT)	11	11	10	6.30	5.88	6.73	8.42	3.36	8.88	11
NOPAT Margin	9.17%	8.73%	7.84%	5.57%	5.33%	5.67%	7.24%	3.39%	8.31%	8.67%
Net Nonoperating Expense Percent (NNEP)	1.84%	1.71%	1.92%	1.28%	0.36%	1.33%	1.22%	1.27%	0.51%	1.99%
Return On Investment Capital (ROIC_SIMPLE)	2.66%	-	-	-	1.45%	-	-	-	1.77%	-
Cost of Revenue to Revenue	81.24%	79.25%	80.07%	82.22%	82.49%	83.75%	80.68%	83.27%	79.53%	79.58%
SG&A Expenses to Revenue	9.98%	8.89%	9.42%	10.11%	9.68%	8.62%	9.47%	11.97%	10.19%	8.66%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.98%	8.89%	9.42%	10.11%	9.68%	8.62%	9.47%	11.97%	10.19%	8.66%
Earnings before Interest and Taxes (EBIT)	11	15	13	8.70	9.13	9.00	11	4.68	11	14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	15	21	18	13	13	13	15	8.54	15	19
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.28	1.24	0.96	1.00	0.89	0.90	0.92	0.97	1.05	0.90
Price to Tangible Book Value (P/TBV)	1.64	1.61	1.26	1.33	1.19	1.22	1.26	1.34	1.47	1.29
Price to Revenue (P/Rev)	0.97	0.93	0.71	0.75	0.68	0.69	0.68	0.69	0.73	0.62
Price to Earnings (P/E)	13.99	15.15	13.41	14.33	14.38	12.81	10.91	10.37	10.74	10.96
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	7.15%	6.60%	7.46%	6.98%	6.95%	7.81%	9.17%	9.65%	9.31%	9.13%
Enterprise Value to Invested Capital (EV/IC)	1.26	1.20	0.97	1.00	0.91	0.92	0.94	0.97	1.03	0.92
Enterprise Value to Revenue (EV/Rev)	1.04	1.06	0.89	0.96	0.82	0.83	0.85	0.85	1.12	0.77
Enterprise Value to EBITDA (EV/EBITDA)	7.64	7.91	7.30	8.06	7.29	7.02	6.54	6.23	8.30	6.49
Enterprise Value to EBIT (EV/EBIT)	10.68	11.02	10.42	11.52	10.67	10.18	9.13	8.61	11.46	9.46
Enterprise Value to NOPAT (EV/NOPAT)	13.17	15.25	14.44	16.09	14.95	13.37	12.09	11.43	15.25	12.73
Enterprise Value to Operating Cash Flow (EV/OCF)	9.32	18.35	18.91	405.37	6.81	10.07	10.88	9.01	29.35	10.52
Enterprise Value to Free Cash Flow (EV/FCFF)	15.86	93.59	437.11	0.00	3.00	46.81	61.24	22.80	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.10	0.20	0.25	0.29	0.19	0.21	0.25	0.23	0.58	0.24
Long-Term Debt to Equity	0.10	0.17	0.22	0.26	0.16	0.17	0.21	0.20	0.54	0.23
Financial Leverage	0.13	0.19	0.23	0.25	0.37	0.21	0.26	0.26	0.59	0.12
Leverage Ratio	1.66	1.73	1.82	1.81	1.82	1.83	1.90	1.88	1.91	1.64
Compound Leverage Factor	1.52	1.57	1.57	1.51	1.59	1.59	1.70	1.33	1.71	1.53
Debt to Total Capital	9.48%	16.47%	19.80%	22.70%	16.09%	17.04%	19.74%	18.60%	36.62%	19.62%
Short-Term Debt to Total Capital	0.72%	2.48%	2.46%	2.43%	2.65%	2.66%	2.63%	2.73%	2.14%	0.92%
Long-Term Debt to Total Capital	8.75%	13.99%	17.34%	20.27%	13.43%	14.38%	17.11%	15.87%	34.48%	18.70%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	90.52%	83.53%	80.20%	77.30%	83.92%	82.96%	80.26%	81.40%	63.38%	80.38%
Debt to EBITDA	0.58	1.10	1.51	1.85	1.31	1.32	1.39	1.20	2.97	1.39
Net Debt to EBITDA	0.51	1.01	1.43	1.77	1.22	1.24	1.32	1.14	2.91	1.33
Long-Term Debt to EBITDA	0.54	0.94	1.32	1.65	1.09	1.11	1.21	1.03	2.79	1.33
Debt to NOPAT	1.01	2.12	2.99	3.69	2.68	2.51	2.58	2.21	5.45	2.74
Net Debt to NOPAT	0.88	1.95	2.83	3.53	2.51	2.36	2.45	2.09	5.34	2.60
Long-Term Debt to NOPAT	0.93	1.80	2.62	3.29	2.24	2.12	2.24	1.88	5.13	2.61
Altman Z-Score	3.19	2.85	2.43	2.42	2.35	2.37	2.30	2.32	2.35	2.25
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.49	3.20	3.06	3.56	2.83	3.03	2.94	2.89	3.07	2.78
Quick Ratio	0.96	0.93	0.75	0.68	0.54	0.81	0.71	0.71	0.83	0.80
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	4.36	-17	-18	-42	103	-13	-17	-13	-29	-90
Operating Cash Flow to CapEx	862.12%	380.64%	367.32%	-570.88%	179.24%	350.52%	29.69%	599.77%	-72.28%	460.07%
Free Cash Flow to Firm to Interest Expense	4.79	-11.58	-9.83	-28.60	90.78	-11.08	-14.05	-9.65	-24.48	-93.76
Operating Cash Flow to Interest Expense	39.65	15.66	12.22	-17.70	7.98	14.57	1.01	19.20	-6.79	15.92
Operating Cash Flow Less CapEx to Interest Expense	35.05	11.55	8.89	-20.80	3.53	10.41	-2.38	16.00	-16.18	12.46
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.83	0.80	0.76	0.76	0.74	0.75	0.75	0.78	0.80	0.94
Accounts Receivable Turnover	8.60	6.59	7.02	8.12	7.46	6.26	7.04	7.47	7.37	8.03
Inventory Turnover	4.65	4.65	4.49	4.51	4.52	4.67	4.52	5.38	5.69	6.56
Fixed Asset Turnover	3.35	3.34	3.31	3.28	3.21	3.34	3.40	3.48	3.60	3.85
Accounts Payable Turnover	13.48	15.17	15.11	14.72	12.62	10.08	9.41	11.64	12.55	12.41
Days Sales Outstanding (DSO)	42.46	55.35	51.99	44.97	48.96	58.34	51.83	48.87	49.54	45.43
Days Inventory Outstanding (DIO)	78.58	78.48	81.24	81.00	80.75	78.24	80.69	67.81	64.14	55.66
Days Payable Outstanding (DPO)	27.08	24.05	24.15	24.79	28.92	36.22	38.79	31.37	29.08	29.42
Cash Conversion Cycle (CCC)	93.96	109.77	109.08	101.19	100.79	100.36	93.73	85.31	84.61	71.67
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	408	428	433	439	402	400	405	391	499	380
Invested Capital Turnover	1.22	1.17	1.12	1.11	0.99	1.13	1.13	1.17	0.95	1.37
Increase / (Decrease) in Invested Capital	6.61	28	28	48	-97	20	25	17	38	101
Enterprise Value (EV)	513	513	419	439	364	367	379	380	515	351
Market Capitalization	479	448	337	343	303	302	302	310	335	279
Book Value per Share	$37.71	$36.53	$35.42	$34.63	$33.99	$33.47	$32.86	$32.30	$32.06	$31.09
Tangible Book Value per Share	$29.38	$28.11	$26.89	$25.98	$25.34	$24.72	$24.00	$23.27	$22.92	$21.84
Total Capital	413	434	438	443	406	404	409	394	502	384
Total Debt	39	71	87	101	65	69	81	73	184	75
Total Long-Term Debt	36	61	76	90	54	58	70	63	173	72
Net Debt	34	66	82	96	61	65	77	69	180	72
Capital Expenditures (CapEx)	4.19	5.98	6.06	4.57	5.05	4.83	4.03	4.38	11	3.34
Debt-free, Cash-free Net Working Capital (DFCFNWC)	185	207	213	220	183	185	191	177	195	173
Debt-free Net Working Capital (DFNWC)	190	213	218	224	187	189	195	181	199	177
Net Working Capital (NWC)	187	202	207	213	176	178	184	170	188	173
Net Nonoperating Expense (NNE)	0.87	1.12	1.53	1.06	0.43	0.91	0.97	1.00	0.92	0.70
Net Nonoperating Obligations (NNO)	34	66	82	96	61	65	77	69	180	72
Total Depreciation and Amortization (D&A)	4.79	5.16	4.71	4.41	4.02	4.05	3.89	3.86	4.41	4.32
Debt-free, Cash-free Net Working Capital to Revenue	37.63%	42.83%	45.26%	47.97%	41.18%	41.96%	42.87%	39.63%	42.60%	38.19%
Debt-free Net Working Capital to Revenue	38.65%	44.01%	46.22%	48.90%	42.09%	42.88%	43.81%	40.51%	43.41%	39.01%
Net Working Capital to Revenue	38.04%	41.79%	43.94%	46.55%	39.67%	40.44%	41.39%	38.10%	41.06%	38.23%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.02	$1.03	$0.87	$0.53	$0.55	$0.58	$0.74	$0.24	$0.80	$1.00
Adjusted Weighted Average Basic Shares Outstanding	9.92M	9.92M	9.91M	9.92M	9.99M	10.01M	10M	9.94M	9.91M	9.93M
Adjusted Diluted Earnings per Share	$1.00	$1.02	$0.86	$0.52	$0.54	$0.58	$0.74	$0.23	$0.79	$0.99
Adjusted Weighted Average Diluted Shares Outstanding	10.07M	10.06M	10.00M	10.05M	10.08M	10.11M	10.07M	10.09M	10.01M	10.01M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	9.94M	9.92M	9.92M	9.92M	9.89M	10.01M	10.01M	10.00M	9.94M	9.93M
Normalized Net Operating Profit after Tax (NOPAT)	7.35	11	10	6.30	5.88	6.73	8.42	3.36	8.88	11
Normalized NOPAT Margin	6.14%	8.73%	7.84%	5.57%	5.33%	5.67%	7.24%	3.39%	8.31%	8.67%
Pre Tax Income Margin	8.08%	10.69%	8.93%	6.38%	7.25%	6.60%	8.71%	3.34%	9.22%	10.99%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	11.60	10.59	7.35	5.90	8.05	7.74	9.51	3.42	9.38	15.02
NOPAT to Interest Expense	12.04	7.83	5.57	4.28	5.19	5.79	7.07	2.45	7.56	11.06
EBIT Less CapEx to Interest Expense	7.00	6.47	4.02	2.80	3.60	3.59	6.13	0.22	-0.01	11.56
NOPAT Less CapEx to Interest Expense	7.44	3.72	2.24	1.17	0.73	1.63	3.69	-0.75	-1.84	7.60
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	12.95%	17.38%	20.45%	19.12%	3.36%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Northwest Pipe's Financials

When does Northwest Pipe's financial year end?

According to the most recent income statement we have on file, Northwest Pipe's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Northwest Pipe's net income changed over the last 2 years?

Northwest Pipe's net income appears to be on an upward trend, with a most recent value of $34.21 million in 2024, rising from $31.15 million in 2022. The previous period was $21.07 million in 2023. See where experts think Northwest Pipe is headed by visiting Northwest Pipe's forecast page.

What is Northwest Pipe's operating income?

Northwest Pipe's total operating income in 2024 was $48.24 million, based on the following breakdown:

Total Gross Profit: $95.41 million
Total Operating Expenses: $47.16 million

How has Northwest Pipe revenue changed over the last 2 years?

Over the last 2 years, Northwest Pipe's total revenue changed from $457.67 million in 2022 to $492.55 million in 2024, a change of 7.6%.

How much debt does Northwest Pipe have?

Northwest Pipe's total liabilities were at $215.65 million at the end of 2024, a 16.3% decrease from 2023, and a 23.8% decrease since 2022.

How much cash does Northwest Pipe have?

In the past 2 years, Northwest Pipe's cash and equivalents has ranged from $3.68 million in 2022 to $5.01 million in 2024, and is currently $5.01 million as of their latest financial filing in 2024.

How has Northwest Pipe's book value per share changed over the last 2 years?

Over the last 2 years, Northwest Pipe's book value per share changed from 32.06 in 2022 to 37.71 in 2024, a change of 17.6%.

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This page (NASDAQ:NWPX) was last updated on 5/25/2025 by MarketBeat.com Staff

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Northwest Pipe (NWPX) Financials

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Northwest Pipe (NWPX) Financials

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