Filing Flows › Nwpx Infrastructure (NWPX) › Q4 2025
Nwpx Infrastructure (NWPX) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Nwpx Infrastructure (NWPX) reported revenue of $126M for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and -17% from the quarter before. Operating margin was 10.4%, net earnings $8.9M (7.1% of revenue).
Nwpx Infrastructure, Q4 2025: revenue $126M (+5% year over year), operating margin 10.4%, net earnings $8.9M, operating cash flow $36.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $126M | -17% | +5% |
| Gross profit | $26.8M | -17% | +19% |
| Operating profit | $13.0M | -32% | +24% |
| Net earnings | $8.9M | -34% | -12% |
| Operating cash flow | $36.0M | +72% | -0.2% |
| Free cash flow | $30.8M | +134% | -3% |
What changed
Revenue was $125.6M in Q4 2025, up 5% year over year and down 17% from the previous quarter.
Gross margin was 21.3%, up 2.5 points from a year earlier. Operating profit was $13.0M, a 10.4% margin (up 1.6 points year over year). Of the extra revenue versus a year earlier, 42% reached operating profit, above the 9% margin then. Operating expenses grew 15% against revenue growth of 5%. Net earnings were $8.9M, down 12% year over year. The effective tax rate was 17.8%.
Operating cash flow was $36.0M (roughly flat year over year), 406% of net earnings. Non-cash charges added back $1.6M of share-based compensation. Working capital and other items added $25.5M. Capital expenditures of $5.2M left free cash flow of $30.8M.
Questions
What was Nwpx Infrastructure's revenue in the fourth quarter 2025?
Nwpx Infrastructure (NWPX) reported revenue of $126M for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and -17% from the quarter before.
Was Nwpx Infrastructure profitable in the fourth quarter 2025?
Operating profit was $13.0M (10.4% of revenue) and net earnings $8.9M.