NWPX Infrastructure, Inc. (NWPX) - Net Assets
Based on the latest financial reports, NWPX Infrastructure, Inc. (NWPX) has net assets worth $418.60 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($651.90 Million) and total liabilities ($233.30 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. See debt-free asset ratio of NWPX Infrastructure, Inc. to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $418.60 Million |
| % of Total Assets | 64.21% |
| Annual Growth Rate | 12.08% |
| 5-Year Change | 39.31% |
| 10-Year Change | 88.7% |
| Growth Volatility | 36.24 |
NWPX Infrastructure, Inc. - Net Assets Trend (1994–2025)
This chart illustrates how NWPX Infrastructure, Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore NWPX Infrastructure, Inc. net asset momentum to track the company's year-over-year net asset growth rate.
Annual Net Assets for NWPX Infrastructure, Inc. (1994–2025)
The table below shows the annual net assets of NWPX Infrastructure, Inc. from 1994 to 2025. For live market cap and overall valuation, see NWPX stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $394.78 Million | +5.56% |
| 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 NWPX Infrastructure, Inc.'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 4842.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $281.74 Million | 71.37% |
| Common Stock | $96.00K | 0.02% |
| Other Comprehensive Income | $-143.00K | -0.04% |
| Other Components | $113.09 Million | 28.65% |
| Total Equity | $394.78 Million | 100.00% |
NWPX Infrastructure, Inc. Competitors by Market Cap
The table below lists competitors of NWPX Infrastructure, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mivtach Shamir
TA:MISH
|
$970.84 Million |
|
Guangdong Sky Dragon Printing Ink Group Co Ltd
SHE:300063
|
$971.22 Million |
|
Power Solutions International, Inc. Common Stock
NASDAQ:PSIX
|
$971.29 Million |
|
Kingenta Ecological Engineering Group Co Ltd
SHE:002470
|
$971.32 Million |
|
Ratos AB (publ)
ST:RATO-B
|
$970.75 Million |
|
Under Armour Inc C
NYSE:UA
|
$970.51 Million |
|
BeiJing Certificate Authority Co Ltd
SHE:300579
|
$970.35 Million |
|
Flotek Industries Inc
NYSE:FTK
|
$970.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NWPX Infrastructure, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 374,003,000 to 394,783,000, a change of 20,780,000 (5.6%).
- Net income of 35,411,000 contributed positively to equity growth.
- Share repurchases of 18,351,000 reduced equity.
- Other comprehensive income increased equity by 691,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $35.41 Million | +8.97% |
| Share Repurchases | $18.35 Million | -4.65% |
| Other Comprehensive Income | $691.00K | +0.18% |
| Other Changes | $3.03 Million | +0.77% |
| Total Change | $- | 5.56% |
Book Value vs Market Value Analysis
This analysis compares NWPX Infrastructure, Inc.'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: 2.55x
- 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 29.82x to 2.55x 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 | $101.32 | x |
| 1995-12-31 | $9.83 | $101.32 | x |
| 1996-12-31 | $10.62 | $101.32 | x |
| 1997-12-31 | $10.72 | $101.32 | x |
| 1998-12-31 | $12.63 | $101.32 | x |
| 1999-12-31 | $14.70 | $101.32 | x |
| 2000-12-31 | $16.32 | $101.32 | x |
| 2001-12-31 | $17.79 | $101.32 | x |
| 2002-12-31 | $18.82 | $101.32 | x |
| 2003-12-31 | $19.77 | $101.32 | x |
| 2004-12-31 | $21.30 | $101.32 | x |
| 2005-12-31 | $22.58 | $101.32 | x |
| 2006-12-31 | $31.00 | $101.32 | x |
| 2007-12-31 | $27.75 | $101.32 | x |
| 2008-12-31 | $31.20 | $101.32 | x |
| 2009-12-31 | $26.67 | $101.32 | x |
| 2010-12-31 | $26.48 | $101.32 | x |
| 2011-12-31 | $25.60 | $101.32 | x |
| 2012-12-31 | $27.47 | $101.32 | x |
| 2013-12-31 | $27.46 | $101.32 | x |
| 2014-12-31 | $25.82 | $101.32 | x |
| 2015-12-31 | $22.76 | $101.32 | x |
| 2016-12-31 | $21.82 | $101.32 | x |
| 2017-12-31 | $20.83 | $101.32 | x |
| 2018-12-31 | $22.46 | $101.32 | x |
| 2019-12-31 | $25.38 | $101.32 | x |
| 2020-12-31 | $27.31 | $101.32 | x |
| 2021-12-31 | $28.54 | $101.32 | x |
| 2022-12-31 | $31.79 | $101.32 | x |
| 2023-12-31 | $33.76 | $101.32 | x |
| 2024-12-31 | $37.16 | $101.32 | x |
| 2025-12-31 | $39.73 | $101.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NWPX Infrastructure, Inc. 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): 8.97%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.73%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 1.47x
- Recent ROE (8.97%) is above the historical average (6.67%), 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 |
| 2025 | 8.97% | 6.73% | 0.91x | 1.47x | $-4.07 Million |
Industry Comparison
This section compares NWPX Infrastructure, Inc.'s net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $2,838,412,536
- Average return on equity (ROE) among peers: 30.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NWPX Infrastructure, Inc. (NWPX) | $418.60 Million | 19.13% | 0.56x | $970.76 Million |
| Cleveland-Cliffs Inc (CLF) | $1.00 Billion | 27.90% | 0.93x | $6.99 Billion |
| Friedman Industries Inc. Common Stock (FRD) | $58.80 Million | 13.87% | 0.18x | $302.79 Million |
| Friedman Industries Inc. Common Stock (FRD) | $25.70 Million | 18.68% | 0.79x | $138.83 Million |
| Gerdau SA ADR (GGB) | $27.17 Billion | 4.43% | 0.99x | $5.42 Billion |
| Hongli Group Inc. Ordinary Shares (HLP) | $13.47 Million | 21.76% | 1.68x | $90.43 Million |
| Huadi International Group Co Ltd (HUDI) | $21.21 Million | 25.43% | 2.24x | $9.65 Million |
| Inno Holdings Inc. Common Stock (INHD) | $15.17 Million | -46.68% | 0.06x | $16.95 Million |
| FST Corp. Ordinary Shares (KBSX) | $27.42 Million | -7.91% | 1.31x | $51.70 Million |
| Luda Technology Group Limited (LUD) | $14.53 Million | 21.11% | 1.73x | $101.88 Million |
| Mesabi Trust (MSB) | $30.79 Million | 223.30% | 0.75x | $241.67 Million |
About NWPX Infrastructure, Inc.
NWPX Infrastructure, Inc., together with its subsidiaries, manufactures and sells water-related infrastructure products in the United States and Canada. It operates through two segments, Water Transmission Systems (WTS); and Precast Infrastructure and Engineered Systems (Precast). The WTS segment manufactures large-diameter, high-pressure steel pipeline systems for use in water infrastructure app… Read more