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Side-by-side financial comparison of AMPCO PITTSBURGH CORP (AP) and NWPX Infrastructure, Inc. (NWPX). Click either name above to swap in a different company.

NWPX Infrastructure, Inc. is the larger business by last-quarter revenue ($138.3M vs $104.4M, roughly 1.3× AMPCO PITTSBURGH CORP). NWPX Infrastructure, Inc. runs the higher net margin — 7.6% vs -55.2%, a 62.9% gap on every dollar of revenue. On growth, NWPX Infrastructure, Inc. posted the faster year-over-year revenue change (19.1% vs 11.5%). Over the past eight quarters, NWPX Infrastructure, Inc.'s revenue compounded faster (3.3% CAGR vs -2.6%).

Ampco-Pittsburgh Corporation is a specialty steel manufacturer headquartered in Downtown Pittsburgh, Pennsylvania. It is one of several companies to bear the Ampco name, and it should not be confused with the Milwaukee-based copper base alloy producer, Ampco Metal Inc.; the Miami-based cabinetry company; the Swiss aluminum corporation; or the Dallas-based tool company. Ampco was formed in 1929 and is a conglomerate made up of several previously established small steel makers. Five small compa...

AP vs NWPX — Head-to-Head

Bigger by revenue
NWPX
NWPX
1.3× larger
NWPX
$138.3M
$104.4M
AP
Growing faster (revenue YoY)
NWPX
NWPX
+7.6% gap
NWPX
19.1%
11.5%
AP
Higher net margin
NWPX
NWPX
62.9% more per $
NWPX
7.6%
-55.2%
AP
Faster 2-yr revenue CAGR
NWPX
NWPX
Annualised
NWPX
3.3%
-2.6%
AP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AP
AP
NWPX
NWPX
Revenue
$104.4M
$138.3M
Net Profit
$-57.7M
$10.5M
Gross Margin
19.3%
Operating Margin
-54.0%
9.2%
Net Margin
-55.2%
7.6%
Revenue YoY
11.5%
19.1%
Net Profit YoY
-1958.9%
165.7%
EPS (diluted)
$-2.87
$1.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AP
AP
NWPX
NWPX
Q1 26
$138.3M
Q4 25
$104.4M
$125.6M
Q3 25
$103.7M
$151.1M
Q2 25
$108.9M
$133.2M
Q1 25
$99.2M
$116.1M
Q4 24
$93.6M
$119.6M
Q3 24
$92.1M
$130.2M
Q2 24
$107.1M
$129.5M
Net Profit
AP
AP
NWPX
NWPX
Q1 26
$10.5M
Q4 25
$-57.7M
$8.9M
Q3 25
$-2.2M
$13.5M
Q2 25
$-7.3M
$9.1M
Q1 25
$1.1M
$4.0M
Q4 24
$3.1M
$10.1M
Q3 24
$-2.0M
$10.3M
Q2 24
$2.0M
$8.6M
Gross Margin
AP
AP
NWPX
NWPX
Q1 26
19.3%
Q4 25
21.3%
Q3 25
21.3%
Q2 25
19.0%
Q1 25
16.7%
Q4 24
18.8%
Q3 24
20.8%
Q2 24
19.9%
Operating Margin
AP
AP
NWPX
NWPX
Q1 26
9.2%
Q4 25
-54.0%
10.4%
Q3 25
1.1%
12.6%
Q2 25
-2.8%
9.9%
Q1 25
3.9%
4.8%
Q4 24
5.5%
8.8%
Q3 24
2.0%
11.9%
Q2 24
4.7%
10.5%
Net Margin
AP
AP
NWPX
NWPX
Q1 26
7.6%
Q4 25
-55.2%
7.1%
Q3 25
-2.1%
8.9%
Q2 25
-6.7%
6.8%
Q1 25
1.2%
3.4%
Q4 24
3.3%
8.4%
Q3 24
-2.1%
7.9%
Q2 24
1.9%
6.7%
EPS (diluted)
AP
AP
NWPX
NWPX
Q1 26
$1.08
Q4 25
$-2.87
$0.88
Q3 25
$-0.11
$1.38
Q2 25
$-0.36
$0.91
Q1 25
$0.06
$0.39
Q4 24
$0.16
$1.00
Q3 24
$-0.10
$1.02
Q2 24
$0.10
$0.86

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AP
AP
NWPX
NWPX
Cash + ST InvestmentsLiquidity on hand
$10.7M
$14.3M
Total DebtLower is stronger
$117.9M
$10.7M
Stockholders' EquityBook value
$32.6M
$403.7M
Total Assets
$495.4M
$634.1M
Debt / EquityLower = less leverage
3.61×
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AP
AP
NWPX
NWPX
Q1 26
$14.3M
Q4 25
$10.7M
$2.3M
Q3 25
$15.0M
$2.7M
Q2 25
$9.9M
$2.0M
Q1 25
$7.1M
$5.3M
Q4 24
$15.4M
$5.0M
Q3 24
$11.8M
$5.7M
Q2 24
$7.9M
$4.5M
Total Debt
AP
AP
NWPX
NWPX
Q1 26
$10.7M
Q4 25
$117.9M
Q3 25
$119.0M
Q2 25
$115.9M
Q1 25
$115.0M
Q4 24
$116.4M
Q3 24
$116.0M
Q2 24
$119.4M
Stockholders' Equity
AP
AP
NWPX
NWPX
Q1 26
$403.7M
Q4 25
$32.6M
$394.8M
Q3 25
$60.1M
$386.4M
Q2 25
$62.7M
$379.5M
Q1 25
$64.6M
$378.5M
Q4 24
$58.9M
$374.0M
Q3 24
$61.3M
$362.4M
Q2 24
$58.0M
$351.2M
Total Assets
AP
AP
NWPX
NWPX
Q1 26
$634.1M
Q4 25
$495.4M
$579.6M
Q3 25
$524.4M
$605.2M
Q2 25
$537.2M
$592.6M
Q1 25
$536.2M
$582.2M
Q4 24
$530.9M
$589.7M
Q3 24
$547.4M
$617.2M
Q2 24
$560.8M
$631.7M
Debt / Equity
AP
AP
NWPX
NWPX
Q1 26
0.03×
Q4 25
3.61×
Q3 25
1.98×
Q2 25
1.85×
Q1 25
1.78×
Q4 24
1.98×
Q3 24
1.89×
Q2 24
2.06×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AP
AP
NWPX
NWPX
Operating Cash FlowLast quarter
$2.7M
$29.3M
Free Cash FlowOCF − Capex
$-64.0K
FCF MarginFCF / Revenue
-0.1%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
2.78×
TTM Free Cash FlowTrailing 4 quarters
$-8.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AP
AP
NWPX
NWPX
Q1 26
$29.3M
Q4 25
$2.7M
$36.0M
Q3 25
$6.3M
$21.0M
Q2 25
$-2.3M
$5.4M
Q1 25
$-5.3M
$4.8M
Q4 24
$7.5M
$36.1M
Q3 24
$11.4M
$22.7M
Q2 24
$-5.3M
$22.3M
Free Cash Flow
AP
AP
NWPX
NWPX
Q1 26
Q4 25
$-64.0K
$30.8M
Q3 25
$3.3M
$13.2M
Q2 25
$-3.8M
$1.9M
Q1 25
$-7.5M
$1.2M
Q4 24
$3.7M
$31.9M
Q3 24
$8.4M
$16.8M
Q2 24
$-8.0M
$16.2M
FCF Margin
AP
AP
NWPX
NWPX
Q1 26
Q4 25
-0.1%
24.5%
Q3 25
3.2%
8.7%
Q2 25
-3.5%
1.4%
Q1 25
-7.5%
1.0%
Q4 24
4.0%
26.7%
Q3 24
9.1%
12.9%
Q2 24
-7.5%
12.5%
Capex Intensity
AP
AP
NWPX
NWPX
Q1 26
Q4 25
2.7%
4.1%
Q3 25
2.9%
5.2%
Q2 25
1.3%
2.6%
Q1 25
2.2%
3.2%
Q4 24
4.0%
3.5%
Q3 24
3.2%
4.6%
Q2 24
2.5%
4.7%
Cash Conversion
AP
AP
NWPX
NWPX
Q1 26
2.78×
Q4 25
4.06×
Q3 25
1.55×
Q2 25
0.60×
Q1 25
-4.62×
1.22×
Q4 24
2.40×
3.58×
Q3 24
2.22×
Q2 24
-2.64×
2.58×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AP
AP

Forged And Cast Mill Rolls$67.0M64%
Air Handling Systems$14.3M14%
Heat Exchange Coils$13.1M13%
Centrifugal Pumps$10.3M10%
Forged Engineered Products$4.0M4%

NWPX
NWPX

Water Transmission Systems$93.5M68%
Precast Infrastructure and Engineered Systems$44.8M32%

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