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Filing Flows › Nwpx Infrastructure (NWPX) › Q2 2026 › vs Q1 2026

Nwpx Infrastructure (NWPX) Q2 2026 vs Q1 2026 (quarter over quarter)

Nwpx Infrastructure's revenue rose $21.2M (+15%) from $138M in Q1 2026 to $159M in Q2 2026. Gross margin 21.5% against 19.3% (+2.3 pts).

Nwpx Infrastructure, Q2 2026: revenue $159M (+20% year over year), operating margin 13.3%, net earnings $15.8M, operating cash flow $14.1M. The chart draws each line against Q1 2026, the increases inside each band.

Nwpx Infrastructure: what changed, Q2 2026 vs Q1 2026Nwpx Infrastructure: what changed, Q2 2026 vs Q1 2026Working capital & other$21.6MFree cash flow (OCF − capex)−$15.9MOperating cash flow−$15.2MCost of revenue$13.5MPre-tax earnings$8.9MOperating profit$8.5MGross profit$7.7MNet earnings$5.3MIncome tax$3.6MShare-based compensation$1.1M

Margins

Q2 2026Q1 2026Change
Gross margin21.5%19.3%+2.3 pts
Operating margin13.3%9.2%+4.1 pts
Net margin9.9%7.6%+2.3 pts
Free cash flow margin6.2%18.7%-12.5 pts

Every line

LineQ2 2026Q1 2026Change%
Revenue$159M$138M$21.2M+15%
Gross profit$34.4M$26.7M$7.7M+29%
Cost of revenue$125M$112M$13.5M+12%
Operating profit$21.2M$12.7M$8.5M+67%
Operating expenses$13.2M$14.0M−$800K-6%
Pre-tax earnings$21.5M$12.5M$8.9M+71%
Net earnings$15.8M$10.5M$5.3M+50%
Income tax$5.6M$2.0M$3.6M+182%
Share-based compensation$2.4M$1.3M$1.1M+84%
Working capital & other$4.2M−$17.4M$21.6M—
Operating cash flow$14.1M$29.3M−$15.2M-52%
Free cash flow (OCF − capex)$9.9M$25.8M−$15.9M-62%
Capital expenditures$4.2M$3.5M$750K+22%

Questions

How much did Nwpx Infrastructure's revenue grow quarter over quarter in Q2 2026?

Nwpx Infrastructure's revenue rose $21.2M (+15%) from $138M in Q1 2026 to $159M in Q2 2026. Gross margin 21.5% against 19.3% (+2.3 pts).

Q2 2026 results → · Compare in the interactive Sankey →