← BackNWPX Infrastructure, Inc. · Steel Pipe & TubesNWPX
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The short versionA profitable company with growing sales. Institutions are adding.
Going well
- Sales up 20% in the latest quarter vs a year ago
- Profitable
- Brings in more cash than it spends
Money moves
- Insiders sold $3.1M in the last 30 days, all through pre-planned sales
- Institutions added 5.2% to their holdings in the quarter ending June 2026 (127 bought, 82 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$96.81-0.5% that day
- Company value
- $933M
- Share price times all shares
- Price vs profit (P/E)
- 19.4x
- You pay about $19 for each $1 of yearly profit
- Price vs sales
- 1.6x
- Company value is 1.6 times a year of sales
- Cash vs value
- 2%
- Cash as a share of company value
- Debt vs value
- 1%
- Debt as a share of company value
From NWPX's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26$159.5M+20% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $574.4M, up 15% from the 12 months before. Over 5 years, sales grew about 13% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.9.2%
- PassDebt under half of equityNot relying on borrowed money.0.03x equity
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.6.7%
- MissProfitable every yearSteady profits, not one good year.8 of 10 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$47.1M
- PassShare count not growingNot diluting owners. Falling means buybacks.-0.7% in 3 years
- MissGross margin 40%+Pricing power: sells for well above what it costs to make.19.7%
- Revenue
- $526.0M
- +6.8% vs prior year
- 5-year growth
- +13.0%/yr
- revenue, per year
- Total debt
- $11.5M
- 0.03x equity
- Current ratio
- 3.78x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026- Revenue
- $159.5M
- +19.7% YoY
- EPS
- $1.62
- vs $0.91
- Op. margin
- 13.3%
- +3.4 pts
- Gross margin
- 21.5%
- +2.5 pts
- Free cash flow
- $9.9M
- Share count
- -1.7%
- vs a year ago
Insider rating
Last 90 days
44Mixed
- Pre-planned sales of $3.1M (weaker signal)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
0/ 100
- This week
- 0
- Normal week
- 3.6
- vs normal
- 0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+5.2%Institutions added 5.2% to their holdings. 127 bought, 82 sold. 3 quarters of net buying in a row.
Shares held by institutions8.7M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
-1.3%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
0.0x · $10.0M debtShares outstandingLatest reported
10MNext reportIn 0 days (est.)Estimated from the same quarter last year
- Results filedJul 29
- Results filedApr 29
- Results filedFeb 25
- Results filedOct 29, 2025
- Results filedAug 7, 2025
Insider trades
Open-market buys and sells, last 90 days Bought$00 insiders
Sold$3.1M3 insiders, 5 pre-planned
| Insider | Trade | Shares | Avg price | Value | Owns after | Date |
|---|
Richard A RomanDirector | Sell | 4K | $96.84 | $387K | 25K | |
- -13.6% of their holdings
- Pre-planned sale (10b5-1)
- Filed 1 day after
|
Keith R LarsonDirector | Sell | 250 | $106.48 | $27K | 14K | |
- -1.7% of their holdings
- Pre-planned sale (10b5-1)
- Filed 1 day after
|
Eric StokesSVP and Group President of WTS | Sell | 13K | $105.86 | $1.3M | 13K | |
- -50% of their holdings
- Pre-planned sale (10b5-1)
- Filed 4 days after
|
Eric StokesSVP and Group President of WTS | Sell | 12K | $103.38 | $1.3M | 25K | |
- -32.8% of their holdings
- Pre-planned sale (10b5-1)
- Filed 1 day after
|
Keith R LarsonDirector | Sell | 1K | $102.20 | $102K | 15K | |
- -6.4% of their holdings
- Pre-planned sale (10b5-1)
- Filed 2 days after
|
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
SoldRichard A RomanDirector
4,000 shares at $96.84 · $387K
- -14% of holdings
- Now owns 25,340 shares
- Pre-planned sale (10b5-1)
- Filed 1 day after trade
5%+ holder update (passive)Oct 8 · Form SCHEDULE 13G/A ↗SoldKeith R LarsonDirector
250 shares at $106.48 · $27K
- -2% of holdings
- Now owns 14,383 shares
- Pre-planned sale (10b5-1)
- Filed 1 day after trade
SoldEric StokesSVP and Group President of WTS
12,631 shares at $105.86 · $1.3M
- -50% of holdings
- Now owns 12,643 shares
- Pre-planned sale (10b5-1)
- Filed 4 days after trade
Planned insider saleOct 5 · Form 144 ↗SoldEric StokesSVP and Group President of WTS
12,353 shares at $103.38 · $1.3M
- -33% of holdings
- Now owns 25,274 shares
- Pre-planned sale (10b5-1)
- Filed 1 day after trade
Planned insider saleOct 1 · Form 144 ↗SoldKeith R LarsonDirector
1,000 shares at $102.20 · $102K
- -6% of holdings
- Now owns 14,633 shares
- Pre-planned sale (10b5-1)
- Filed 2 days after trade
Planned insider saleSep 28 · Form 144 ↗SoldKeith R LarsonDirector
1,000 shares at $102.31 · $102K
- -6% of holdings
- Now owns 15,633 shares
- Pre-planned sale (10b5-1)
- Filed 2 days after trade
Insider tradeSep 23 · Form 4 ↗Planned insider saleSep 21 · Form 144 ↗Insider tradeSep 16 · Form 4 ↗Insider tradeSep 16 · Form 4 ↗Insider tradeSep 16 · Form 4 ↗