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NWPX Infrastructure, Inc. (NWPX) Annual Reports

Q: Where can I read NWPX Infrastructure, Inc. (NWPX) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

NWPX Infrastructure, Inc. is listed on Nasdaq, classified by the SEC under Steel Pipe & Tubes (SIC 3317). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： Nasdaq
Fiscal year end： 12/31
SEC CIK： 1001385 →

Website：Official site ↗

Financial Highlights

FY2026 Q2 (quarterly, ended 2026-06-30)
	Current	Prior year	YoY
Revenue	$159.5M	$133.2M	+19.7%
Operating income	$21.2M	$13.2M	+59.8%
Net income	$15.8M	$9.1M	+74.7%
EPS (diluted)	$1.62	$0.91	+78.0%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 159 mn Net income 15.8 mn

Show table：Income statement

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	279	96.1	113	97.5	111	144	139	117	142	131	115	136	141	117	103	115	82.7	102	117	102	84.9	53.9	52.3	45.6	33.9	42.1	41.1	39.2	29.7	28.7	38.8	35.6	33.4	28.8	52.5	57.5	62.6	69.2	75.2	72.3	68.9	70.0	77.6	69.4	72.3	73.8	84.6	103	109	119	123	107	99.1	116	119	110	113	130	130	120	116	133	151	126	138	159
Gross profit	6.68	5.77	10.5	6.10	14.8	17.9	16.5	11.2	16.5	13.6	11.6	14.5	21.2	15.7	8.81	6.78	4.31	11.3	15.8	9.13	3.89	-2.59	-2.51	-11.4	-5.44	-2.16	2.12	2.25	0.78	0.05	1.92	2.08	1.35	-1.24	5.20	6.78	6.57	8.22	15.5	16.9	9.58	13.0	15.6	12.4	8.78	9.54	12.4	13.6	14.8	24.1	25.1	21.9	16.6	22.5	19.3	19.3	20.1	25.8	27.0	22.4	19.4	25.4	32.1	26.8	26.7	34.4
Operating income	-14.3	-0.85	2.21	-0.93	7.48	12.6	10.1	4.23	9.18	6.97	4.03	7.38	14.8	9.38	2.84	-26.3	-1.13	5.40	9.33	-13.4	-3.08	-13.3	-7.28	-16.5	-10.0	-6.25	-2.06	4.82	-3.94	-3.52	-1.51	-1.23	-2.34	-5.83	2.50	2.70	2.32	3.51	10.6	12.3	1.63	7.37	9.96	6.59	2.95	3.20	6.80	3.09	5.42	13.9	14.5	11.0	4.71	11.5	9.06	8.63	8.69	13.6	15.4	10.5	5.57	13.2	19.0	13.0	12.7	21.1
Net income	-11.1	-1.40	-0.13	-2.66	2.93	5.38	3.28	1.47	4.73	3.60	3.40	4.51	9.51	5.56	1.02	-17.0	-9.89	3.19	5.02	-14.0	-2.10	-12.1	-1.51	-13.7	-9.58	-6.24	0.73	5.83	-3.87	-2.07	-2.07	-2.16	-1.95	-5.69	27.8	0.15	2.17	2.97	10.8	12.0	0.56	6.00	7.27	5.22	2.17	2.13	4.95	2.27	3.56	9.67	9.96	7.96	2.36	7.45	5.82	5.44	5.24	8.62	10.3	10.1	3.96	9.06	13.5	8.88	10.5	15.8

Balance sheet

Quarterly · In mn (USD)

Total assets 652 mn Total liabilities 233 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Current assets	—	—	—	217	—	236	234	227	220	249	271	236	253	248	234	244	183	180	196	195	163	148	139	115	107	107	108	112	103	105	136	141	132	130	140	160	148	162	170	195	171	173	186	192	184	182	198	228	241	270	271	279	261	279	266	272	297	308	294	262	257	264	275	251	299	318
Total assets	—	—	—	435	—	448	423	413	408	435	455	422	446	445	434	433	363	356	369	352	321	295	283	259	249	241	240	242	231	233	226	230	220	214	257	271	267	279	285	310	349	352	367	373	367	364	381	548	560	587	586	601	582	603	589	598	621	632	617	590	582	593	605	580	634	652
Current liabilities	—	—	—	61.5	—	136	69.7	56.3	56.4	136	93.9	68.8	75.6	67.0	56.0	48.2	55.9	33.4	34.6	29.6	21.9	25.1	27.1	21.6	23.4	20.6	21.8	18.6	12.0	16.6	12.0	17.0	11.1	11.2	26.6	31.5	29.0	37.4	30.7	41.6	41.9	35.1	37.7	45.9	35.4	35.6	45.3	64.1	69.7	91.8	97.5	90.8	90.4	95.1	87.9	96.2	83.3	101	91.8	75.1	64.1	66.8	76.4	66.5	112	117
Total liabilities	—	—	—	190	—	193	184	173	162	185	201	163	177	170	156	172	112	103	110	106	77.2	62.7	52.6	41.8	42.0	39.1	37.2	32.3	25.4	28.4	23.5	30.1	23.5	23.1	38.6	52.8	45.7	54.6	49.6	62.1	100	96.2	103	103	95.0	89.4	101	264	273	290	278	283	261	274	254	258	279	281	255	216	204	213	219	185	230	233
Equity	231	—	—	246	—	255	239	240	246	250	254	259	269	275	277	262	251	253	259	246	244	232	231	218	207	202	203	209	206	204	202	200	196	191	219	219	221	224	236	248	249	256	264	270	272	275	280	283	287	297	309	318	321	329	335	340	343	351	362	374	378	379	386	395	404	419

Cash flow

Quarterly · In mn (USD)

Operating 14.1 mn Investing -4.21 mn Financing -4.80 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	77.1	-27.5	-7.41	13.5	-2.35	-3.25	15.1	2.77	17.7	6.74	-2.23	22.3	3.84	9.35	8.20	-1.30	40.1	-6.90	-2.07	3.88	24.6	17.2	-3.96	17.4	1.19	0.34	3.29	-3.30	-0.28	-2.62	-11.3	6.68	-2.27	2.89	-7.85	-11.2	10.4	6.94	4.07	21.5	15.0	13.8	14.6	12.7	-0.59	5.66	-18.7	7.81	1.65	8.52	15.3	-7.98	26.3	1.20	16.9	9.05	-26.1	22.3	22.7	36.1	4.85	5.42	21.0	36.0	29.3	14.1
Investing	-20.6	-11.8	-3.80	-2.89	-3.48	9.04	-2.43	-2.20	-5.43	-2.62	-3.17	-8.07	-8.11	-11.4	-6.77	-21.9	26.7	-4.03	-4.42	-2.66	-3.53	2.95	4.45	-0.81	-0.74	-0.58	-0.45	13.4	-0.5	-0.57	-0.86	31.7	0.01	-0.89	-32.7	5.71	-1.62	-0.62	-2.27	-1.91	-51.7	-3.00	-2.54	-4.23	-1.76	-2.91	-3.14	-92.3	-4.41	-4.02	-3.65	-11.0	-4.38	-6.75	-4.78	-4.46	-4.52	-6.05	-5.97	-4.19	-3.67	-3.47	-7.79	-5.21	-12.3	-4.21
Financing	-56.6	39.3	11.2	-10.6	5.87	-5.83	-12.6	-0.47	-12.3	-4.18	5.40	-14.2	4.27	2.25	-1.59	23.8	-67.3	11.0	6.49	-0.76	-21.5	-19.6	-0.54	-6.92	-1.36	-0.1	-0.1	-0.1	-0.24	-0.09	-0.07	-0.07	-1.39	-0.1	0.23	10.6	-11.6	-0.11	-0.11	-0.34	15.3	-1.20	-0.91	-0.9	-5.69	-9.44	1.83	84.3	3.07	-4.26	-11.5	18.9	-21.6	5.78	-12.3	-4.58	30.8	-16.0	-15.6	-32.6	-0.9	-5.20	-12.6	-31.2	-4.97	-4.80
Cash at period end	0.03	0.04	0.04	0.05	0.08	0.04	0.07	0.18	0.09	0.03	0.03	0.05	0.05	0.19	0.03	0.59	0.05	0.08	0.07	0.53	0.12	0.69	0.64	10.3	9.40	9.07	11.8	21.8	20.8	17.5	5.30	43.6	40.0	41.9	1.55	6.68	3.84	10.1	11.7	31.0	9.66	19.2	30.4	37.9	29.9	23.2	3.19	3.00	3.30	3.54	3.71	3.68	3.93	4.15	4.06	4.07	4.26	4.53	5.72	5.01	5.29	2.03	2.67	2.27	14.3	19.3

Profitability

Quarterly · %

Gross margin 21.5% Operating margin 13.3% Net margin 9.9%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Gross margin	2.4%	6.0%	9.3%	6.3%	13.3%	12.5%	11.9%	9.6%	11.6%	10.4%	10.1%	10.7%	15.1%	13.4%	8.6%	5.9%	5.2%	11.1%	13.6%	8.9%	4.6%	-4.8%	-4.8%	-25.1%	-16.0%	-5.1%	5.2%	5.8%	2.6%	0.2%	4.9%	5.8%	4.0%	-4.3%	9.9%	11.8%	10.5%	11.9%	20.6%	23.4%	13.9%	18.5%	20.1%	17.8%	12.1%	12.9%	14.6%	13.2%	13.5%	20.3%	20.4%	20.5%	16.7%	19.3%	16.3%	17.5%	17.8%	19.9%	20.8%	18.8%	16.7%	19.1%	21.3%	21.3%	19.3%	21.5%
Operating margin	-5.1%	-0.9%	2.0%	-0.9%	6.7%	8.7%	7.2%	3.6%	6.5%	5.3%	3.5%	5.4%	10.5%	8.0%	2.8%	-22.8%	-1.4%	5.3%	8.0%	-13.1%	-3.6%	-24.8%	-13.9%	-36.3%	-29.6%	-14.9%	-5.0%	12.3%	-13.3%	-12.3%	-3.9%	-3.5%	-7.0%	-20.2%	4.8%	4.7%	3.7%	5.1%	14.1%	17.0%	2.4%	10.5%	12.8%	9.5%	4.1%	4.3%	8.0%	3.0%	5.0%	11.8%	11.8%	10.3%	4.8%	9.8%	7.6%	7.8%	7.7%	10.5%	11.9%	8.8%	4.8%	9.9%	12.6%	10.4%	9.2%	13.3%
Net margin	-4.0%	-1.4%	-0.1%	-2.7%	2.6%	3.7%	2.4%	1.3%	3.3%	2.8%	3.0%	3.3%	6.8%	4.8%	1.0%	-14.8%	-12.0%	3.1%	4.3%	-13.7%	-2.5%	-22.4%	-2.9%	-30.1%	-28.3%	-14.8%	1.8%	14.9%	-13.0%	-7.2%	-5.3%	-6.1%	-5.8%	-19.8%	53.0%	0.3%	3.5%	4.3%	14.3%	16.6%	0.8%	8.6%	9.4%	7.5%	3.0%	2.9%	5.8%	2.2%	3.3%	8.2%	8.1%	7.5%	2.4%	6.4%	4.9%	4.9%	4.6%	6.7%	7.9%	8.4%	3.4%	6.8%	8.9%	7.1%	7.6%	9.9%

Returns & leverage

Quarterly · %

ROE 12.2% ROA 7.8% Debt ratio 35.8%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	-6.2%	—	2.2%	3.7%	5.4%	6.0%	5.2%	5.4%	6.5%	8.2%	8.8%	7.8%	-0.3%	-7.8%	-8.6%	-7.0%	-6.2%	-3.2%	-9.6%	-12.1%	-12.7%	-16.4%	-14.3%	-13.3%	-4.3%	-1.7%	0.3%	-1.1%	-5.0%	-4.1%	-6.0%	8.6%	9.7%	11.7%	15.9%	7.1%	12.0%	11.2%	12.2%	10.3%	7.4%	7.9%	6.3%	5.3%	4.2%	4.6%	7.2%	8.7%	10.3%	9.8%	8.9%	7.3%	6.4%	7.2%	7.4%	8.5%	9.6%	9.1%	9.1%	9.8%	9.2%	10.7%	12.2%
ROA	—	—	—	-3.5%	—	1.2%	2.1%	3.1%	3.6%	3.0%	3.0%	3.9%	4.9%	5.2%	4.6%	-0.2%	-5.0%	-5.7%	-4.7%	-4.0%	-2.3%	-7.1%	-9.1%	-9.6%	-12.9%	-11.6%	-11.0%	-3.7%	-1.5%	0.3%	-0.9%	-4.3%	-3.7%	-5.3%	7.5%	8.1%	10.1%	13.4%	5.9%	9.6%	8.5%	9.3%	7.9%	5.6%	5.8%	4.7%	3.9%	2.5%	2.8%	4.3%	5.3%	5.4%	5.3%	4.7%	4.0%	3.5%	4.0%	4.1%	4.9%	5.8%	5.5%	5.5%	6.0%	6.1%	6.9%	7.8%
Debt ratio	—	—	—	43.6%	—	43.0%	43.5%	41.9%	39.8%	42.5%	44.2%	38.6%	39.7%	38.2%	36.1%	39.6%	30.8%	28.9%	29.8%	30.2%	24.1%	21.3%	18.6%	16.1%	16.9%	16.2%	15.5%	13.4%	11.0%	12.2%	10.4%	13.1%	10.7%	10.8%	15.0%	19.4%	17.2%	19.6%	17.4%	20.0%	28.7%	27.4%	28.1%	27.7%	25.9%	24.6%	26.4%	48.3%	48.7%	49.4%	47.4%	47.1%	44.9%	45.5%	43.1%	43.1%	44.9%	44.4%	41.3%	36.6%	35.0%	36.0%	36.2%	31.9%	36.3%	35.8%

EPS

Quarterly · US$

EPS US$1.62

Show table：EPS

Item	2009Q4	2010Q2	2010Q3	2010Q4	2011Q1	2011Q2	2011Q3	2011Q4	2012Q1	2012Q2	2012Q3	2012Q4	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（US$）	-1.20	-0.15	-0.01	-0.29	0.31	0.57	0.35	0.15	0.50	0.38	0.36	0.48	1.00	0.59	0.11	-1.80	-1.04	0.33	0.52	-1.47	-0.22	-1.26	-0.16	-1.43	-1.00	-0.65	0.08	0.60	—	—	-0.21	-0.23	-0.20	-0.59	2.86	0.02	0.22	0.31	1.10	1.22	0.06	0.61	0.73	0.53	0.22	0.21	0.50	0.23	0.36	0.97	0.99	0.79	0.23	0.74	0.58	0.54	0.52	0.86	1.02	1.00	0.39	0.91	1.38	0.90	1.08	1.62

Revenue & profit

Year-to-date · In mn (USD)

Revenue 298 mn Net income 26.4 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 652 mn Total liabilities 233 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating 43.3 mn Investing -16.5 mn Financing -9.78 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 20.5% Operating margin 11.4% Net margin 8.9%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE 12.2% ROA 7.8% Debt ratio 35.8%

EPS

Year-to-date · US$

EPS US$2.70

Revenue & profit

Annual · In mn (USD)

Revenue 526 mn Net income 35.4 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	512	525	476	403	237	156	133	172	279	286	333	458	444	493	526
Gross profit	60.4	56.2	52.5	40.6	-12.6	-3.22	4.82	12.1	47.2	50.5	44.3	85.9	77.6	95.4	104
Operating income	34.3	27.6	0.75	0.19	-40.2	-13.5	-10.2	-2.97	28.7	25.6	16.0	44.8	33.9	48.2	50.9
Net income	13.1	16.2	-0.92	-15.7	-29.4	-9.26	-10.2	20.3	27.9	19.1	11.5	31.1	21.1	34.2	35.4

Balance sheet

Annual · In mn (USD)

Total assets 580 mn Total liabilities 185 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Current assets	227	236	244	195	115	112	141	160	195	192	228	279	272	262	251
Total assets	413	422	433	352	259	242	230	271	310	373	548	601	598	590	580
Current liabilities	56.3	68.8	48.2	29.6	21.6	18.6	17.0	31.5	41.6	45.9	64.1	90.8	96.2	75.1	66.5
Total liabilities	173	163	172	106	41.8	32.3	30.1	52.8	62.1	103	264	283	258	216	185
Equity	240	259	262	246	218	209	200	219	248	270	283	318	340	374	395

Cash flow

Annual · In mn (USD)

Operating 67.3 mn Investing -20.1 mn Financing -49.9 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating	12.3	44.5	20.1	35.0	55.2	1.52	-7.52	-18.4	42.9	56.1	-5.81	17.5	53.5	55.0	67.3
Investing	0.93	-19.3	-48.3	15.5	3.06	11.7	29.8	-27.9	-6.42	-61.4	-100	-23.1	-20.4	-20.7	-20.1
Financing	-13.1	-25.3	28.7	-50.6	-48.5	-1.65	-0.46	9.33	-12.1	12.3	71.0	6.19	-32.7	-33.4	-49.9
Cash at period end	0.18	0.05	0.59	0.53	10.3	21.8	43.6	6.68	31.0	37.9	3.00	3.68	4.07	5.01	2.27

Profitability

Annual · %

Gross margin 19.7% Operating margin 9.7% Net margin 6.7%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Gross margin	11.8%	10.7%	11.0%	10.1%	-5.3%	-2.1%	3.6%	7.0%	16.9%	17.7%	13.3%	18.8%	17.5%	19.4%	19.7%
Operating margin	6.7%	5.3%	0.2%	0.1%	-17.0%	-8.7%	-7.7%	-1.7%	10.3%	8.9%	4.8%	9.8%	7.6%	9.8%	9.7%
Net margin	2.5%	3.1%	-0.2%	-3.9%	-12.4%	-5.9%	-7.7%	11.8%	10.0%	6.7%	3.5%	6.8%	4.7%	6.9%	6.7%

Returns & leverage

Annual · %

ROE 9.2% ROA 6.1% Debt ratio 31.9%

Show table：Returns & leverage

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
ROE	5.4%	6.5%	-0.3%	-6.2%	-12.7%	-4.3%	-5.0%	9.7%	12.0%	7.4%	4.2%	10.3%	6.4%	9.6%	9.2%
ROA	3.2%	3.9%	-0.2%	-4.0%	-9.6%	-3.7%	-4.3%	8.1%	9.6%	5.6%	2.5%	5.4%	3.5%	5.8%	6.1%
Debt ratio	41.9%	38.6%	39.6%	30.2%	16.1%	13.4%	13.1%	19.4%	20.0%	27.7%	48.3%	47.1%	43.1%	36.6%	31.9%

EPS

Annual · US$

EPS US$3.58

Show table：EPS

Item	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
EPS（US$）	1.38	1.72	-0.10	-1.66	-3.07	-0.97	—	2.09	2.85	1.93	1.16	3.11	2.09	3.40	3.58

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read NWPX Infrastructure, Inc. (NWPX) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
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