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

LINDSAY CORP is the larger business by last-quarter revenue ($150.7M vs $125.6M, roughly 1.2× NWPX Infrastructure, Inc.). LINDSAY CORP runs the higher net margin — 11.0% vs 7.1%, a 3.9% gap on every dollar of revenue. On growth, NWPX Infrastructure, Inc. posted the faster year-over-year revenue change (5.0% vs -6.1%). NWPX Infrastructure, Inc. produced more free cash flow last quarter ($30.8M vs $-15.1M). Over the past eight quarters, NWPX Infrastructure, Inc.'s revenue compounded faster (5.3% CAGR vs 1.3%).

Lindsay Corporation, formerly known as Lindsay Manufacturing Co., is a manufacturer of Zimmatic brand center pivot irrigation systems, based in Omaha, Nebraska, United States. It also manufactures farm and construction machinery, as well as road and railroad infrastructure equipment. At August 31, 2008, the company had 1,239 employees.

LNN vs NWPX — Head-to-Head

Bigger by revenue
LNN
LNN
1.2× larger
LNN
$150.7M
$125.6M
NWPX
Growing faster (revenue YoY)
NWPX
NWPX
+11.2% gap
NWPX
5.0%
-6.1%
LNN
Higher net margin
LNN
LNN
3.9% more per $
LNN
11.0%
7.1%
NWPX
More free cash flow
NWPX
NWPX
$45.9M more FCF
NWPX
$30.8M
$-15.1M
LNN
Faster 2-yr revenue CAGR
NWPX
NWPX
Annualised
NWPX
5.3%
1.3%
LNN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
LNN
LNN
NWPX
NWPX
Revenue
$150.7M
$125.6M
Net Profit
$16.5M
$8.9M
Gross Margin
33.3%
21.3%
Operating Margin
13.0%
10.4%
Net Margin
11.0%
7.1%
Revenue YoY
-6.1%
5.0%
Net Profit YoY
-3.7%
-12.1%
EPS (diluted)
$1.54
$0.88

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
LNN
LNN
NWPX
NWPX
Q4 25
$150.7M
$125.6M
Q3 25
$149.0M
$151.1M
Q2 25
$165.7M
$133.2M
Q1 25
$183.8M
$116.1M
Q4 24
$160.5M
$119.6M
Q3 24
$149.4M
$130.2M
Q2 24
$133.7M
$129.5M
Q1 24
$146.8M
$113.2M
Net Profit
LNN
LNN
NWPX
NWPX
Q4 25
$16.5M
$8.9M
Q3 25
$10.8M
$13.5M
Q2 25
$19.5M
$9.1M
Q1 25
$26.6M
$4.0M
Q4 24
$17.2M
$10.1M
Q3 24
$12.7M
$10.3M
Q2 24
$20.4M
$8.6M
Q1 24
$18.1M
$5.2M
Gross Margin
LNN
LNN
NWPX
NWPX
Q4 25
33.3%
21.3%
Q3 25
30.0%
21.3%
Q2 25
32.4%
19.0%
Q1 25
34.0%
16.7%
Q4 24
31.1%
18.8%
Q3 24
30.6%
20.8%
Q2 24
34.8%
19.9%
Q1 24
33.3%
17.8%
Operating Margin
LNN
LNN
NWPX
NWPX
Q4 25
13.0%
10.4%
Q3 25
7.6%
12.6%
Q2 25
14.4%
9.9%
Q1 25
17.5%
4.8%
Q4 24
13.0%
8.8%
Q3 24
9.0%
11.9%
Q2 24
14.9%
10.5%
Q1 24
15.1%
7.7%
Net Margin
LNN
LNN
NWPX
NWPX
Q4 25
11.0%
7.1%
Q3 25
7.3%
8.9%
Q2 25
11.8%
6.8%
Q1 25
14.5%
3.4%
Q4 24
10.7%
8.4%
Q3 24
8.5%
7.9%
Q2 24
15.2%
6.7%
Q1 24
12.3%
4.6%
EPS (diluted)
LNN
LNN
NWPX
NWPX
Q4 25
$1.54
$0.88
Q3 25
$0.99
$1.38
Q2 25
$1.78
$0.91
Q1 25
$2.44
$0.39
Q4 24
$1.57
$1.00
Q3 24
$1.16
$1.02
Q2 24
$1.85
$0.86
Q1 24
$1.64
$0.52

Balance Sheet & Financial Strength

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

Metric
LNN
LNN
NWPX
NWPX
Cash + ST InvestmentsLiquidity on hand
$199.6M
$2.3M
Total DebtLower is stronger
$115.2M
Stockholders' EquityBook value
$518.2M
$394.8M
Total Assets
$828.4M
$579.6M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LNN
LNN
NWPX
NWPX
Q4 25
$199.6M
$2.3M
Q3 25
$250.6M
$2.7M
Q2 25
$210.8M
$2.0M
Q1 25
$186.7M
$5.3M
Q4 24
$194.1M
$5.0M
Q3 24
$190.9M
$5.7M
Q2 24
$152.7M
$4.5M
Q1 24
$150.6M
$4.3M
Total Debt
LNN
LNN
NWPX
NWPX
Q4 25
$115.2M
Q3 25
$115.3M
Q2 25
$115.3M
Q1 25
$115.4M
Q4 24
$115.4M
Q3 24
$115.5M
Q2 24
$115.5M
Q1 24
$115.6M
Stockholders' Equity
LNN
LNN
NWPX
NWPX
Q4 25
$518.2M
$394.8M
Q3 25
$532.9M
$386.4M
Q2 25
$528.8M
$379.5M
Q1 25
$516.4M
$378.5M
Q4 24
$488.5M
$374.0M
Q3 24
$480.9M
$362.4M
Q2 24
$480.0M
$351.2M
Q1 24
$483.0M
$342.6M
Total Assets
LNN
LNN
NWPX
NWPX
Q4 25
$828.4M
$579.6M
Q3 25
$840.8M
$605.2M
Q2 25
$840.9M
$592.6M
Q1 25
$814.2M
$582.2M
Q4 24
$771.0M
$589.7M
Q3 24
$760.2M
$617.2M
Q2 24
$758.1M
$631.7M
Q1 24
$765.3M
$621.3M
Debt / Equity
LNN
LNN
NWPX
NWPX
Q4 25
0.22×
Q3 25
0.22×
Q2 25
0.22×
Q1 25
0.22×
Q4 24
0.24×
Q3 24
0.24×
Q2 24
0.24×
Q1 24
0.24×

Cash Flow & Capital Efficiency

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

Metric
LNN
LNN
NWPX
NWPX
Operating Cash FlowLast quarter
$-597.0K
$36.0M
Free Cash FlowOCF − Capex
$-15.1M
$30.8M
FCF MarginFCF / Revenue
-10.0%
24.5%
Capex IntensityCapex / Revenue
9.6%
4.1%
Cash ConversionOCF / Net Profit
-0.04×
4.06×
TTM Free Cash FlowTrailing 4 quarters
$62.9M
$47.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LNN
LNN
NWPX
NWPX
Q4 25
$-597.0K
$36.0M
Q3 25
$64.0M
$21.0M
Q2 25
$35.0M
$5.4M
Q1 25
$12.3M
$4.8M
Q4 24
$21.6M
$36.1M
Q3 24
$53.1M
$22.7M
Q2 24
$30.5M
$22.3M
Q1 24
$-9.7M
$-26.1M
Free Cash Flow
LNN
LNN
NWPX
NWPX
Q4 25
$-15.1M
$30.8M
Q3 25
$49.8M
$13.2M
Q2 25
$25.7M
$1.9M
Q1 25
$2.5M
$1.2M
Q4 24
$12.5M
$31.9M
Q3 24
$47.7M
$16.8M
Q2 24
$25.8M
$16.2M
Q1 24
$-21.6M
$-30.7M
FCF Margin
LNN
LNN
NWPX
NWPX
Q4 25
-10.0%
24.5%
Q3 25
33.4%
8.7%
Q2 25
15.5%
1.4%
Q1 25
1.4%
1.0%
Q4 24
7.8%
26.7%
Q3 24
31.9%
12.9%
Q2 24
19.3%
12.5%
Q1 24
-14.7%
-27.1%
Capex Intensity
LNN
LNN
NWPX
NWPX
Q4 25
9.6%
4.1%
Q3 25
9.6%
5.2%
Q2 25
5.6%
2.6%
Q1 25
5.3%
3.2%
Q4 24
5.7%
3.5%
Q3 24
3.6%
4.6%
Q2 24
3.6%
4.7%
Q1 24
8.1%
4.0%
Cash Conversion
LNN
LNN
NWPX
NWPX
Q4 25
-0.04×
4.06×
Q3 25
5.92×
1.55×
Q2 25
1.79×
0.60×
Q1 25
0.46×
1.22×
Q4 24
1.26×
3.58×
Q3 24
4.17×
2.22×
Q2 24
1.50×
2.58×
Q1 24
-0.54×
-4.98×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LNN
LNN

Transferred At Point In Time$133.2M88%
Infrastructure$13.4M9%
Transferred Over Time$8.0M5%

NWPX
NWPX

Transferred Over Time$84.0M67%
Precast Infrastructure And Engineered Systems$41.7M33%

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