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Nwpx Infrastructure (NWPX) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Nwpx Infrastructure (NWPX) Q3 2026 earnings results →
Q3 2026 Revenue up 19% year over year to $179M · 10¢ of every $1 of revenue kept as net profit · operating margin 13.6%
Nwpx Infrastructure made $179M in Q3 2026 (+19% Y/Y): Water Transmission Systems $132M, Precast Infrastructure and Engineered Systems $47.5M. Operating margin 13.6%, net earnings $18.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
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What changed this quarter
Revenue was $179.4M in Q3 2026, up 19% year over year and up 12% from the previous quarter. Water Transmission Systems was the largest line at 74% of revenue. Water Transmission Systems added $28.0M year over year (up 27%), 99% of the total change.
Gross margin was 21.3%, unchanged from Q3 2025. Operating profit was $24.3M, a 13.6% margin (up 1.0 points year over year). Of the extra revenue versus Q3 2025, 19% reached operating profit, above the 13% margin then. Operating expenses grew 6% against revenue growth of 19%. Net earnings were $18.2M, up 35% year over year. The effective tax rate was 23.9%.
Operating cash flow was $27.4M (up 31% year over year), 150% of net earnings. Non-cash charges added back $1.6M of share-based compensation. Working capital and other items added $7.5M. Capital expenditures of $7.0M left free cash flow of $20.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $179M | +19% | 13.6% | $18.2M | $27.4M |
| Q2 2026 | 10-Q | Jul 30, 2026 | $159M | +20% | 13.3% | $15.8M | $14.1M |
| Q1 2026 | 10-Q | Apr 30, 2026 | $138M | +19% | 9.2% | $10.5M | $29.3M |
| Q4 2025 | 10-K | Feb 26, 2026 | $126M | +5% | 10.4% | $8.9M | $36.0M |
| Q3 2025 | 10-Q | Oct 30, 2025 | $151M | +16% | 12.6% | $13.5M | $21.0M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $133M | +3% | 9.9% | $9.1M | $5.4M |
| Q1 2025 | 10-Q | May 1, 2025 | $116M | +3% | 4.8% | $4.0M | $4.8M |
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🔄Rotation against the market and its industry (RRG)interactive
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📈Investments: gains and what it boughtinteractive
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About Nwpx Infrastructure
Founded in 1966, NWPX Infrastructure, Inc. is a leading manufacturer of water-related infrastructure products. Under the Northwest Pipe Company brand, the Company is the largest manufacturer of engineered water transmission systems in North America and produces steel casing pipe, bar-wrapped concrete cylinder pipe, and pipeline system joints and fittings. The Company also provides 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 quality products. The Company has broadened its manufacturing footprint by bringing lined and engineered precast products into production at additional facilities. This increases the Company’s capacity and improves regional availability.
In its own words, from its 8-K, filed Jul 29, 2026.
Nwpx Infrastructure against its Steel Pipe & Tubes peers
The largest companies of the same SEC industry, each at its latest quarter.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NWPX Nwpx Infrastructure | Q3 2026 | $179M | +19% | 13.6% |
| ATI ATI | Q3 2026 | $1.4B | +26% | 19.1% |
Source: Nwpx Infrastructure 10-Q on SEC EDGAR · CIK 1001385 · Steel Pipe & Tubes
13F: who owns NWPX and who is buying
More on NWPX
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results