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NWPX 
Northwest Pipe Company (NWPX)
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Upturn Advisory Summary
12/02/2025: NWPX (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
2 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $64
1 Year Target Price $64
| 1 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 27.13% | Avg. Invested days 40 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 12/02/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 561.18M USD | Price to earnings Ratio 15.88 | 1Y Target Price 64 |
Price to earnings Ratio 15.88 | 1Y Target Price 64 | ||
Volume (30-day avg) 2 | Beta 0.94 | 52 Weeks Range 36.97 - 65.84 | Updated Date 12/2/2025 |
52 Weeks Range 36.97 - 65.84 | Updated Date 12/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 3.66 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 7.04% | Operating Margin (TTM) 12.6% |
Management Effectiveness
Return on Assets (TTM) 4.95% | Return on Equity (TTM) 9.78% |
Valuation
Trailing PE 15.88 | Forward PE 16.98 | Enterprise Value 685467503 | Price to Sales(TTM) 1.08 |
Enterprise Value 685467503 | Price to Sales(TTM) 1.08 | ||
Enterprise Value to Revenue 1.32 | Enterprise Value to EBITDA 10.11 | Shares Outstanding 9609651 | Shares Floating 9310503 |
Shares Outstanding 9609651 | Shares Floating 9310503 | ||
Percent Insiders 3.06 | Percent Institutions 84.99 |
Upturn AI SWOT
Northwest Pipe Company
Company Overview
History and Background
Northwest Pipe Company (NWPX) was founded in 1966. Initially focused on water transmission pipe, it expanded into structural steel and other pipe applications through acquisitions and organic growth.
Core Business Areas
- Water Transmission: Manufactures engineered water pipeline systems for potable water, wastewater, and hydro projects.
- Prestressed Concrete Cylinder Pipe (PCCP): Specializes in PCCP for large-diameter water transmission projects.
- Coatings: Provides protective coatings for steel pipe to prevent corrosion and extend its lifespan.
Leadership and Structure
Scott Montross is the President and CEO. The company operates with a functional organizational structure, dividing responsibilities among different departments like sales, manufacturing, and finance.
Top Products and Market Share
Key Offerings
- Engineered Water Pipeline Systems: Large-diameter steel pipe systems for water infrastructure projects. Market share is estimated to be around 25% in North America. Competitors include American Cast Iron Pipe Company (ACIPCO) and Thompson Pipe Group.
- Prestressed Concrete Cylinder Pipe (PCCP): PCCP is used in large-diameter water transmission projects. Exact market share data for NWPX's PCCP segment is difficult to obtain, but it holds a significant position in the Western US. Competitors are mostly regional PCCP manufacturers.
Market Dynamics
Industry Overview
The water infrastructure market is driven by aging infrastructure, population growth, and increasing demand for water resources. There is a growing need for upgrades and replacements of existing water systems.
Positioning
Northwest Pipe Company is a leading manufacturer of engineered water pipeline systems in North America. Its competitive advantage lies in its manufacturing capacity, engineering expertise, and established relationships with customers.
Total Addressable Market (TAM)
The TAM for water and wastewater infrastructure is estimated to be over $100 billion in North America. NWPX is well-positioned to capture a portion of this market through its comprehensive product offerings and engineering capabilities.
Upturn SWOT Analysis
Strengths
- Strong market position in North America
- Experienced management team
- Vertically integrated manufacturing process
- Engineering expertise
- Established customer relationships
Weaknesses
- Dependence on government infrastructure spending
- Exposure to raw material price fluctuations
- Cyclical nature of the construction industry
- Geographic concentration in North America
Opportunities
- Increasing demand for water infrastructure upgrades
- Expansion into new geographic markets
- Development of new products and services
- Potential acquisitions of smaller competitors
Threats
- Competition from larger pipe manufacturers
- Economic downturns
- Changes in government regulations
- Rising raw material costs
Competitors and Market Share
Key Competitors
- ACIPCO (Private)
- Thompson Pipe Group (Private)
- CPM Group (Private)
Competitive Landscape
NWPX competes with both larger and smaller pipe manufacturers. Its strengths include its engineering expertise and manufacturing capabilities, while its weaknesses include its dependence on government spending.
Major Acquisitions
Geneva Pipe and Precast
- Year: 2020
- Acquisition Price (USD millions): 86
- Strategic Rationale: Expanded product offerings into the precast concrete market and increased geographic presence in the Western US.
Growth Trajectory and Initiatives
Historical Growth: Northwest Pipe Company has experienced moderate growth in recent years, driven by increased demand for water infrastructure projects and strategic acquisitions.
Future Projections: Analysts project continued growth for Northwest Pipe Company, supported by government infrastructure spending and rising demand for water resources.
Recent Initiatives: Recent initiatives include investments in manufacturing capacity, expansion into new geographic markets, and development of new products and services, such as advanced coating technologies.
Summary
Northwest Pipe Company is a leading player in the North American water infrastructure market with a strong position in engineered pipe systems. Its growth is linked to government spending and infrastructure demand, making it susceptible to economic cycles. The company has shown improved recent results and expansion activities, which should continue to allow it to capitalize on future infrastructure investment. The company will need to manage commodity prices and geographic concentration risks to maintain future gains.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Industry Reports
- Analyst Estimates
- Company Investor Relations
Disclaimers:
This analysis is based on publicly available information and is intended for informational purposes only. It should not be construed as financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Northwest Pipe Company
Exchange NASDAQ | Headquaters Vancouver, WA, United States | ||
IPO Launch date 1995-11-30 | President, CEO & Director Mr. Scott J. Montross | ||
Sector Basic Materials | Industry Steel | Full time employees 1358 | Website https://www.nwpx.com |
Full time employees 1358 | Website https://www.nwpx.com | ||
NWPX Infrastructure, Inc., together with its subsidiaries, engages in the manufacture and sale of water-related infrastructure products in North America and Canada. It operates through two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment provides large-diameter and high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications. In addition, this segment makes products for industrial plant piping systems and certain structural applications. The Precast segment offers stormwater and wastewater technology products, precast, and reinforced concrete products, including reinforced concrete pipe, manholes, box culverts, vaults and catch basins, pump lift stations, oil water separators, biofiltration units, steel casing pipes, and bar-wrapped concrete cylinder pipes, as well as pipeline system joints, fittings, specialized components, and other environmental and engineered solutions. The company sells its water infrastructure products under the ParkUSA, Geneva Pipe and Precast, Permalok, and Northwest Pipe Company brands primarily to installation contractors. The company was formerly known as Northwest Pipe Company and changed its name to NWPX Infrastructure, Inc. in June 2025. NWPX Infrastructure, Inc. was incorporated in 1966 and is headquartered in Vancouver, Washington.
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