Filing Flows › Nwpx Infrastructure (NWPX) › How it makes money
How Nwpx Infrastructure (NWPX) makes money
Nwpx Infrastructure (NWPX) made $179M of revenue in the third quarter 2026 (Q3 2026), +19% from a year earlier. Water Transmission Systems brought in $132M (74%); Precast Infrastructure and Engineered Systems brought in $47.5M (26%). Of every dollar of revenue, 21¢ was left as gross profit, 14¢ was left as operating profit, 10¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Water Transmission Systems | $132M | 73.5% | — | +27% |
| Precast Infrastructure and Engineered Systems | $47.5M | 26.5% | — | +0.6% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $179M | 100.0% |
| Cost of revenue | $141M | 78.7% |
| Gross profit | $38.2M | 21.3% |
| Operating expenses | $13.9M | 7.7% |
| Operating profit | $24.3M | 13.6% |
| Income tax | $5.7M | 3.2% |
| Net earnings | $18.2M | 10.2% |
| Operating cash flow | $27.4M | 15.3% |
| Free cash flow | $20.4M | 11.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $179M | +19% |
| Q2 2026 | $159M | +20% |
| Q1 2026 | $138M | +19% |
| Q4 2025 | $126M | +5% |
| Q3 2025 | $151M | +16% |
| Q2 2025 | $133M | +3% |
| Q1 2025 | $116M | +3% |
From Nwpx Infrastructure's 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does Nwpx Infrastructure make money?
Nwpx Infrastructure (NWPX) made $179M of revenue in the third quarter 2026 (Q3 2026), +19% from a year earlier. Water Transmission Systems brought in $132M (74%); Precast Infrastructure and Engineered Systems brought in $47.5M (26%). Of every dollar of revenue, 21¢ was left as gross profit, 14¢ was left as operating profit, 10¢ was left as net earnings.
What is Nwpx Infrastructure's biggest business?
Water Transmission Systems: $132M in the third quarter 2026, 74% of revenue, +27% from a year earlier.
What is Nwpx Infrastructure's profit margin?
Net earnings were $18.2M, 10.2% of revenue, in the third quarter 2026; the operating margin was 13.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.