vs
Side-by-side financial comparison of LXP Industrial Trust (LXP) 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 $86.7M, roughly 1.6× LXP Industrial Trust). LXP Industrial Trust runs the higher net margin — 33.2% vs 7.6%, a 25.5% gap on every dollar of revenue. On growth, NWPX Infrastructure, Inc. posted the faster year-over-year revenue change (19.1% vs -14.0%). Over the past eight quarters, NWPX Infrastructure, Inc.'s revenue compounded faster (3.3% CAGR vs 0.3%).
LXP Industrial Trust is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality industrial real estate assets, primarily distribution centers, logistics facilities, and light industrial properties across key markets in the United States. Its tenant base covers e-commerce, third-party logistics, and advanced manufacturing sectors, delivering stable long-term returns for its investors.
LXP vs NWPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $86.7M | $138.3M |
| Net Profit | $28.8M | $10.5M |
| Gross Margin | 81.5% | 19.3% |
| Operating Margin | 34.6% | 9.2% |
| Net Margin | 33.2% | 7.6% |
| Revenue YoY | -14.0% | 19.1% |
| Net Profit YoY | — | 165.7% |
| EPS (diluted) | — | $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.
| Q1 26 | — | $138.3M | ||
| Q4 25 | $86.7M | $125.6M | ||
| Q3 25 | $86.9M | $151.1M | ||
| Q2 25 | $87.7M | $133.2M | ||
| Q1 25 | $88.9M | $116.1M | ||
| Q4 24 | $100.9M | $119.6M | ||
| Q3 24 | $85.6M | $130.2M | ||
| Q2 24 | $85.8M | $129.5M |
| Q1 26 | — | $10.5M | ||
| Q4 25 | $28.8M | $8.9M | ||
| Q3 25 | $36.3M | $13.5M | ||
| Q2 25 | $29.1M | $9.1M | ||
| Q1 25 | $19.0M | $4.0M | ||
| Q4 24 | — | $10.1M | ||
| Q3 24 | $6.3M | $10.3M | ||
| Q2 24 | $5.4M | $8.6M |
| Q1 26 | — | 19.3% | ||
| Q4 25 | 81.5% | 21.3% | ||
| Q3 25 | 82.3% | 21.3% | ||
| Q2 25 | 81.9% | 19.0% | ||
| Q1 25 | 80.7% | 16.7% | ||
| Q4 24 | 85.3% | 18.8% | ||
| Q3 24 | 82.5% | 20.8% | ||
| Q2 24 | 82.0% | 19.9% |
| Q1 26 | — | 9.2% | ||
| Q4 25 | 34.6% | 10.4% | ||
| Q3 25 | 50.4% | 12.6% | ||
| Q2 25 | 33.7% | 9.9% | ||
| Q1 25 | 21.8% | 4.8% | ||
| Q4 24 | — | 8.8% | ||
| Q3 24 | 7.9% | 11.9% | ||
| Q2 24 | 6.9% | 10.5% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 33.2% | 7.1% | ||
| Q3 25 | 41.7% | 8.9% | ||
| Q2 25 | 33.2% | 6.8% | ||
| Q1 25 | 21.4% | 3.4% | ||
| Q4 24 | — | 8.4% | ||
| Q3 24 | 7.4% | 7.9% | ||
| Q2 24 | 6.3% | 6.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | — | $0.88 | ||
| Q3 25 | $0.12 | $1.38 | ||
| Q2 25 | $0.09 | $0.91 | ||
| Q1 25 | $0.06 | $0.39 | ||
| Q4 24 | — | $1.00 | ||
| Q3 24 | $0.02 | $1.02 | ||
| Q2 24 | $0.01 | $0.86 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $170.4M | $14.3M |
| Total DebtLower is stronger | $1.4B | $10.7M |
| Stockholders' EquityBook value | $2.0B | $403.7M |
| Total Assets | $3.5B | $634.1M |
| Debt / EquityLower = less leverage | 0.66× | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $14.3M | ||
| Q4 25 | $170.4M | $2.3M | ||
| Q3 25 | $229.7M | $2.7M | ||
| Q2 25 | $71.0M | $2.0M | ||
| Q1 25 | $70.9M | $5.3M | ||
| Q4 24 | $101.8M | $5.0M | ||
| Q3 24 | $55.0M | $5.7M | ||
| Q2 24 | $48.7M | $4.5M |
| Q1 26 | — | $10.7M | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $403.7M | ||
| Q4 25 | $2.0B | $394.8M | ||
| Q3 25 | $2.1B | $386.4M | ||
| Q2 25 | $2.1B | $379.5M | ||
| Q1 25 | $2.1B | $378.5M | ||
| Q4 24 | $2.1B | $374.0M | ||
| Q3 24 | $2.1B | $362.4M | ||
| Q2 24 | $2.1B | $351.2M |
| Q1 26 | — | $634.1M | ||
| Q4 25 | $3.5B | $579.6M | ||
| Q3 25 | $3.7B | $605.2M | ||
| Q2 25 | $3.7B | $592.6M | ||
| Q1 25 | $3.8B | $582.2M | ||
| Q4 24 | $3.8B | $589.7M | ||
| Q3 24 | $3.9B | $617.2M | ||
| Q2 24 | $3.9B | $631.7M |
| Q1 26 | — | 0.03× | ||
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.73× | — | ||
| Q4 24 | 0.75× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $188.7M | $29.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 6.56× | 2.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $29.3M | ||
| Q4 25 | $188.7M | $36.0M | ||
| Q3 25 | $63.5M | $21.0M | ||
| Q2 25 | $44.3M | $5.4M | ||
| Q1 25 | $39.0M | $4.8M | ||
| Q4 24 | $211.2M | $36.1M | ||
| Q3 24 | $64.6M | $22.7M | ||
| Q2 24 | $38.5M | $22.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $30.8M | ||
| Q3 25 | — | $13.2M | ||
| Q2 25 | — | $1.9M | ||
| Q1 25 | — | $1.2M | ||
| Q4 24 | — | $31.9M | ||
| Q3 24 | — | $16.8M | ||
| Q2 24 | — | $16.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 24.5% | ||
| Q3 25 | — | 8.7% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 26.7% | ||
| Q3 24 | — | 12.9% | ||
| Q2 24 | — | 12.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 5.2% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 4.6% | ||
| Q2 24 | — | 4.7% |
| Q1 26 | — | 2.78× | ||
| Q4 25 | 6.56× | 4.06× | ||
| Q3 25 | 1.75× | 1.55× | ||
| Q2 25 | 1.52× | 0.60× | ||
| Q1 25 | 2.05× | 1.22× | ||
| Q4 24 | — | 3.58× | ||
| Q3 24 | 10.18× | 2.22× | ||
| Q2 24 | 7.09× | 2.58× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LXP
Segment breakdown not available.
NWPX
| Water Transmission Systems | $93.5M | 68% |
| Precast Infrastructure and Engineered Systems | $44.8M | 32% |
