Northwest Pipe Company (NWPX) Releases Q4 2025 Earnings: Stronger Margins but EPS and Cash Decline

Northwest Pipe Company (NWPX) reported fourth-quarter 2025 results that show stronger operating margins alongside some pressure on bottom-line earnings and liquidity.

Revenue: $125.6 million (up 5.0% year-over-year).

Gross profit: $26.8 million (up 19.3% year-over-year).

Operating profit: $13.0 million (up 24.1% year-over-year).

Net income attributable to common shareholders: $8.9 million (down 12.1% year-over-year).

Diluted EPS: $0.91 (down 9.0% year-over-year).

The company beat consensus on both top and bottom lines: revenue came in above the estimate of $124.4 million, and diluted EPS exceeded the estimate of $0.63.

Cash from operating activities declined to $21.0 million (down 41.9% year-over-year).

Capital spending rose to about $7.8 million (up 86.1% year-over-year).

Cash and cash equivalents fell to $2.3 million (down 54.6% year-over-year).

Total liabilities decreased to $184.8 million (down 14.3% year-over-year).

Overall, Northwest Pipe Company (NWPX) delivered clear operational improvement—stronger gross and operating margins—but the quarter also showed reduced net income and weaker cash generation, alongside higher capital spending and a smaller cash balance, producing a mixed financial picture heading into the next period.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Northwest Pipe Company Insider Trading Activity

Northwest Pipe Company insiders have traded $NWPX stock on the open market 12 times in the past 6 months. Of those trades, 0 have been purchases and 12 have been sales.

Here’s a breakdown of recent trading of $NWPX stock by insiders over the last 6 months:

AARON WILKINS (CFO) has made 0 purchases and 5 sales selling 8,785 shares for an estimated $508,342.
SCOTT J MONTROSS (President & CEO) has made 0 purchases and 4 sales selling 8,210 shares for an estimated $470,153.
MILES BRITTAIN (Executive Vice President) has made 0 purchases and 2 sales selling 8,000 shares for an estimated $452,664.
MICHAEL C FRANSON sold 5,506 shares for an estimated $331,286

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Northwest Pipe Company Hedge Fund Activity

We have seen 78 institutional investors add shares of Northwest Pipe Company stock to their portfolio, and 73 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PERRITT CAPITAL MANAGEMENT INC removed 1,004,651 shares (-97.6%) from their portfolio in Q3 2025, for an estimated $53,176,177
HEARTLAND ADVISORS INC removed 76,500 shares (-23.8%) from their portfolio in Q4 2025, for an estimated $4,780,485
LSV ASSET MANAGEMENT added 74,158 shares (+106.9%) to their portfolio in Q4 2025, for an estimated $4,634,133
FRANKLIN RESOURCES INC added 59,623 shares (+527.6%) to their portfolio in Q4 2025, for an estimated $3,725,841
PACIFIC RIDGE CAPITAL PARTNERS, LLC removed 58,647 shares (-28.1%) from their portfolio in Q4 2025, for an estimated $3,664,851
MORGAN STANLEY added 49,178 shares (+64.0%) to their portfolio in Q4 2025, for an estimated $3,073,133
Y-INTERCEPT (HONG KONG) LTD removed 43,269 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $2,290,228

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.