Filing Flows › Nwpx Infrastructure (NWPX) › Q3 2026 › vs Q3 2025
Nwpx Infrastructure (NWPX) Q3 2026 vs Q3 2025 (year over year)
Nwpx Infrastructure's revenue rose $28.3M (+19%) from $151M in Q3 2025 to $179M in Q3 2026. The biggest changes: Water Transmission Systems +$28.0M (+27%); Precast Infrastructure and Engineered Systems +$292K (+0.6%). Gross margin 21.3% against 21.3% (+0.0 pts).
Nwpx Infrastructure, Q3 2026: revenue $179M (+19% year over year), operating margin 13.6%, net earnings $18.2M, operating cash flow $27.4M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 21.3% | 21.3% | +0.0 pts |
| Operating margin | 13.6% | 12.6% | +1.0 pts |
| Net margin | 10.2% | 8.9% | +1.2 pts |
| Free cash flow margin | 11.3% | 8.7% | +2.6 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Water Transmission Systems | $132M | $104M | $28.0M | +27% |
| Precast Infrastructure and Engineered Systems | $47.5M | $47.2M | $292K | +0.6% |
| Revenue | $179M | $151M | $28.3M | +19% |
| Gross profit | $38.2M | $32.1M | $6.0M | +19% |
| Cost of revenue | $141M | $119M | $22.3M | +19% |
| Operating profit | $24.3M | $19.0M | $5.3M | +28% |
| Operating expenses | $13.9M | $13.1M | $762K | +6% |
| Pre-tax earnings | $24.0M | $18.2M | $5.7M | +31% |
| Net earnings | $18.2M | $13.5M | $4.7M | +35% |
| Income tax | $5.7M | $4.7M | $998K | +21% |
| Share-based compensation | $1.6M | $1.2M | $398K | +32% |
| Working capital & other | $7.5M | $6.2M | $1.3M | +20% |
| Operating cash flow | $27.4M | $21.0M | $6.4M | +31% |
| Free cash flow (OCF − capex) | $20.4M | $13.2M | $7.2M | +54% |
| Capital expenditures | $7.0M | $7.8M | −$776K | -10% |
Questions
How much did Nwpx Infrastructure's revenue grow year over year in Q3 2026?
Nwpx Infrastructure's revenue rose $28.3M (+19%) from $151M in Q3 2025 to $179M in Q3 2026.
What drove Nwpx Infrastructure's revenue change in Q3 2026?
Water Transmission Systems +$28.0M (+27%); Precast Infrastructure and Engineered Systems +$292K (+0.6%).