Northwest Pipe Company (NWPX) - Net Assets
Based on the latest financial reports, Northwest Pipe Company (NWPX) has net assets worth $386.35 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($605.23 Million) and total liabilities ($218.88 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are Northwest Pipe Company's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $386.35 Million |
| % of Total Assets | 63.84% |
| Annual Growth Rate | 12.31% |
| 5-Year Change | 38.71% |
| 10-Year Change | 71.91% |
| Growth Volatility | 36.79 |
Northwest Pipe Company - Net Assets Trend (1994–2024)
This chart illustrates how Northwest Pipe Company's net assets have evolved over time, based on quarterly financial data. Also explore NWPX asset base for the complete picture of this company's asset base.
Annual Net Assets for Northwest Pipe Company (1994–2024)
The table below shows the annual net assets of Northwest Pipe Company from 1994 to 2024. For live valuation and market cap data, see Northwest Pipe Company market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $374.00 Million | +9.88% |
| 2023-12-31 | $340.36 Million | +6.94% |
| 2022-12-31 | $318.27 Million | +12.31% |
| 2021-12-31 | $283.38 Million | +5.10% |
| 2020-12-31 | $269.63 Million | +8.65% |
| 2019-12-31 | $248.16 Million | +13.53% |
| 2018-12-31 | $218.59 Million | +9.15% |
| 2017-12-31 | $200.26 Million | -4.28% |
| 2016-12-31 | $209.21 Million | -3.84% |
| 2015-12-31 | $217.56 Million | -11.43% |
| 2014-12-31 | $245.63 Million | -6.19% |
| 2013-12-31 | $261.85 Million | +0.93% |
| 2012-12-31 | $259.43 Million | +7.98% |
| 2011-12-31 | $240.27 Million | -2.19% |
| 2010-12-31 | $245.65 Million | -0.27% |
| 2009-12-31 | $246.30 Million | -15.52% |
| 2008-12-31 | $291.56 Million | +13.77% |
| 2007-12-31 | $256.28 Million | +11.03% |
| 2006-12-31 | $230.83 Million | +44.75% |
| 2005-12-31 | $159.47 Million | +10.62% |
| 2004-12-31 | $144.15 Million | +9.50% |
| 2003-12-31 | $131.65 Million | +3.54% |
| 2002-12-31 | $127.15 Million | +7.53% |
| 2001-12-31 | $118.25 Million | +9.64% |
| 2000-12-31 | $107.85 Million | +10.96% |
| 1999-12-31 | $97.20 Million | +16.13% |
| 1998-12-31 | $83.70 Million | +18.22% |
| 1997-12-31 | $70.80 Million | +18.59% |
| 1996-12-31 | $59.70 Million | +77.15% |
| 1995-12-31 | $33.70 Million | +193.04% |
| 1994-12-31 | $11.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Northwest Pipe Company's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4221.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $246.33 Million | 65.86% |
| Common Stock | $99.00K | 0.03% |
| Other Comprehensive Income | $-834.00K | -0.22% |
| Other Components | $128.41 Million | 34.33% |
| Total Equity | $374.00 Million | 100.00% |
Northwest Pipe Company Competitors by Market Cap
The table below lists competitors of Northwest Pipe Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chahua Modern Housewares Co Ltd
SHG:603615
|
$727.18 Million |
|
InnovAge Holding Corp
NASDAQ:INNV
|
$727.25 Million |
|
Gyre Therapeutics Inc.
NASDAQ:GYRE
|
$727.32 Million |
|
Shenzhen Shengxunda Technology Co Ltd Class A
SHE:300518
|
$727.46 Million |
|
Beijing Jiaxun Feihong Electrical Co Ltd
SHE:300213
|
$727.10 Million |
|
Syarikat Takaful Malaysia Bhd
KLSE:6139
|
$727.00 Million |
|
Esperion Therapeutics Inc
NASDAQ:ESPR
|
$726.75 Million |
|
Beijing Chunlizhengda Medical Instruments Co Ltd
SHG:688236
|
$726.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Northwest Pipe Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 340,360,000 to 374,003,000, a change of 33,643,000 (9.9%).
- Net income of 34,206,000 contributed positively to equity growth.
- Share repurchases of 4,429,000 reduced equity.
- Other comprehensive income increased equity by 126,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $34.21 Million | +9.15% |
| Share Repurchases | $4.43 Million | -1.18% |
| Other Comprehensive Income | $126.00K | +0.03% |
| Other Changes | $3.74 Million | +1.0% |
| Total Change | $- | 9.88% |
Book Value vs Market Value Analysis
This analysis compares Northwest Pipe Company's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.88x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 31.49x to 2.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $3.40 | $107.00 | x |
| 1995-12-31 | $9.83 | $107.00 | x |
| 1996-12-31 | $10.62 | $107.00 | x |
| 1997-12-31 | $10.72 | $107.00 | x |
| 1998-12-31 | $12.63 | $107.00 | x |
| 1999-12-31 | $14.70 | $107.00 | x |
| 2000-12-31 | $16.32 | $107.00 | x |
| 2001-12-31 | $17.79 | $107.00 | x |
| 2002-12-31 | $18.82 | $107.00 | x |
| 2003-12-31 | $19.77 | $107.00 | x |
| 2004-12-31 | $21.30 | $107.00 | x |
| 2005-12-31 | $22.58 | $107.00 | x |
| 2006-12-31 | $31.00 | $107.00 | x |
| 2007-12-31 | $27.75 | $107.00 | x |
| 2008-12-31 | $31.20 | $107.00 | x |
| 2009-12-31 | $26.67 | $107.00 | x |
| 2010-12-31 | $26.48 | $107.00 | x |
| 2011-12-31 | $25.60 | $107.00 | x |
| 2012-12-31 | $27.47 | $107.00 | x |
| 2013-12-31 | $27.46 | $107.00 | x |
| 2014-12-31 | $25.82 | $107.00 | x |
| 2015-12-31 | $22.76 | $107.00 | x |
| 2016-12-31 | $21.82 | $107.00 | x |
| 2017-12-31 | $20.83 | $107.00 | x |
| 2018-12-31 | $22.46 | $107.00 | x |
| 2019-12-31 | $25.38 | $107.00 | x |
| 2020-12-31 | $27.31 | $107.00 | x |
| 2021-12-31 | $28.54 | $107.00 | x |
| 2022-12-31 | $31.79 | $107.00 | x |
| 2023-12-31 | $33.76 | $107.00 | x |
| 2024-12-31 | $37.16 | $107.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Northwest Pipe Company utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.15%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.94%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 1.58x
- Recent ROE (9.15%) is above the historical average (6.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 19.13% | 2.99% | 1.30x | 4.94x | $1.05 Million |
| 1995 | 15.13% | 5.22% | 1.51x | 1.91x | $1.73 Million |
| 1996 | 17.42% | 7.69% | 1.33x | 1.70x | $4.43 Million |
| 1997 | 15.68% | 7.36% | 1.14x | 1.87x | $4.02 Million |
| 1998 | 15.05% | 6.01% | 0.89x | 2.80x | $4.23 Million |
| 1999 | 13.68% | 5.53% | 0.97x | 2.55x | $3.58 Million |
| 2000 | 9.91% | 3.80% | 0.99x | 2.63x | $-93.90K |
| 2001 | 9.40% | 4.02% | 1.04x | 2.25x | $-713.50K |
| 2002 | 7.28% | 3.48% | 0.93x | 2.26x | $-3.46 Million |
| 2003 | 2.68% | 1.44% | 0.87x | 2.13x | $-9.63 Million |
| 2004 | 8.59% | 4.24% | 0.87x | 2.33x | $-2.04 Million |
| 2005 | 8.39% | 4.07% | 0.97x | 2.12x | $-2.56 Million |
| 2006 | 8.67% | 5.78% | 0.82x | 1.84x | $-3.06 Million |
| 2007 | 8.13% | 5.44% | 0.84x | 1.77x | $-4.80 Million |
| 2008 | 11.08% | 7.35% | 0.86x | 1.75x | $3.14 Million |
| 2009 | -2.95% | -2.61% | 0.71x | 1.59x | $-31.91 Million |
| 2010 | -0.58% | -0.37% | 0.89x | 1.77x | $-26.00 Million |
| 2011 | 5.27% | 2.47% | 1.24x | 1.72x | $-11.37 Million |
| 2012 | 6.26% | 3.10% | 1.24x | 1.63x | $-9.70 Million |
| 2013 | -0.35% | -0.19% | 1.10x | 1.66x | $-27.11 Million |
| 2014 | -7.28% | -4.44% | 1.15x | 1.43x | $-42.45 Million |
| 2015 | -13.51% | -12.42% | 0.91x | 1.19x | $-51.14 Million |
| 2016 | -4.43% | -5.93% | 0.65x | 1.15x | $-30.18 Million |
| 2017 | -5.07% | -7.65% | 0.58x | 1.15x | $-30.19 Million |
| 2018 | 9.29% | 11.80% | 0.63x | 1.24x | $-1.55 Million |
| 2019 | 11.24% | 9.99% | 0.90x | 1.25x | $3.09 Million |
| 2020 | 7.07% | 6.66% | 0.77x | 1.38x | $-7.91 Million |
| 2021 | 4.07% | 3.46% | 0.61x | 1.93x | $-16.82 Million |
| 2022 | 9.79% | 6.81% | 0.76x | 1.89x | $-678.40K |
| 2023 | 6.19% | 4.74% | 0.74x | 1.76x | $-12.96 Million |
| 2024 | 9.15% | 6.94% | 0.84x | 1.58x | $-3.19 Million |
Industry Comparison
This section compares Northwest Pipe Company's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $422,895,585
- Average return on equity (ROE) among peers: 11.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Northwest Pipe Company (NWPX) | $386.35 Million | 19.13% | 0.57x | $727.13 Million |
| Cleveland-Cliffs Inc (CLF) | $407.40 Million | 13.48% | 0.70x | $5.92 Billion |
| Commercial Metals Company (CMC) | $1.40 Billion | 3.31% | 1.12x | $7.61 Billion |
| Friedman Industries Inc. Common Stock (FRD) | $63.05 Million | 4.38% | 0.18x | $137.98 Million |
| Friedman Industries Inc. Common Stock (FRD) | $62.96 Million | 9.75% | 0.22x | $138.83 Million |
| Gerdau SA ADR (GGB) | $2.18 Billion | 16.21% | 1.92x | $5.42 Billion |
| Hongli Group Inc. Ordinary Shares (HLP) | $53.49 Million | -3.52% | 0.22x | $61.39 Million |
| Huadi International Group Co Ltd (HUDI) | $12.00 Million | 76.97% | 5.60x | $17.02 Million |
| Inno Holdings Inc. Common Stock (INHD) | $15.17 Million | -46.68% | 0.06x | $9.59 Million |
| FST Corp. Ordinary Shares (KBSX) | $25.03 Million | -0.36% | 0.86x | $51.70 Million |
| Luda Technology Group Limited (LUD) | $13.12 Million | 37.67% | 1.43x | $136.59 Million |
About Northwest Pipe Company
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 infr… Read more