Filing Flows › Nwpx Infrastructure (NWPX) › Q3 2025
Nwpx Infrastructure (NWPX) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Nwpx Infrastructure (NWPX) reported revenue of $151M for the third quarter 2025 (Q3 2025), +16% from a year earlier and +13% from the quarter before. Operating margin was 12.6%, net earnings $13.5M (8.9% of revenue).
Nwpx Infrastructure, Q3 2025: revenue $151M (+16% year over year), operating margin 12.6%, net earnings $13.5M, operating cash flow $21.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $151M | +13% | +16% |
| Gross profit | $32.1M | +27% | +19% |
| Operating profit | $19.0M | +44% | +23% |
| Net earnings | $13.5M | +49% | +32% |
| Operating cash flow | $21.0M | +287% | -8% |
| Free cash flow | $13.2M | +583% | -21% |
What changed
Revenue was $151.1M in Q3 2025, up 16% year over year and up 13% from the previous quarter.
Gross margin was 21.3%, up 0.5 points from a year earlier. Operating profit was $19.0M, a 12.6% margin (up 0.7 points year over year). Of the extra revenue versus a year earlier, 17% reached operating profit, above the 12% margin then. Operating expenses grew 13% against revenue growth of 16%. Net earnings were $13.5M, up 32% year over year. The effective tax rate was 26.0%.
Operating cash flow was $21.0M (down 8% year over year), 155% of net earnings. Non-cash charges added back $1.2M of share-based compensation. Working capital and other items added $6.2M. Capital expenditures of $7.8M left free cash flow of $13.2M.
Questions
What was Nwpx Infrastructure's revenue in the third quarter 2025?
Nwpx Infrastructure (NWPX) reported revenue of $151M for the third quarter 2025 (Q3 2025), +16% from a year earlier and +13% from the quarter before.
Was Nwpx Infrastructure profitable in the third quarter 2025?
Operating profit was $19.0M (12.6% of revenue) and net earnings $13.5M.