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

Proto Labs Inc is the larger business by last-quarter revenue ($139.3M vs $138.3M, roughly 1.0× NWPX Infrastructure, Inc.). NWPX Infrastructure, Inc. runs the higher net margin — 7.6% vs 5.8%, a 1.8% gap on every dollar of revenue. On growth, NWPX Infrastructure, Inc. posted the faster year-over-year revenue change (19.1% vs 10.4%). Over the past eight quarters, Proto Labs Inc's revenue compounded faster (5.3% CAGR vs 3.3%).

Protolabs is a company that provides rapid manufacturing of 3D printed, CNC-machined, sheet metal, and injection-molded custom parts for prototyping and production. Markets like medical devices, aerospace, electronics, appliances, automotive and consumer products use these parts. Protolabs' headquarters are located in Maple Plain, Minnesota, with Minnesota-based manufacturing facilities in Plymouth, Brooklyn Park, and Rosemount, along with additional facilities in Nashua, New Hampshire and Ca...

NWPX vs PRLB — Head-to-Head

Bigger by revenue
PRLB
PRLB
1.0× larger
PRLB
$139.3M
$138.3M
NWPX
Growing faster (revenue YoY)
NWPX
NWPX
+8.7% gap
NWPX
19.1%
10.4%
PRLB
Higher net margin
NWPX
NWPX
1.8% more per $
NWPX
7.6%
5.8%
PRLB
Faster 2-yr revenue CAGR
PRLB
PRLB
Annualised
PRLB
5.3%
3.3%
NWPX

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
NWPX
NWPX
PRLB
PRLB
Revenue
$138.3M
$139.3M
Net Profit
$10.5M
$8.1M
Gross Margin
19.3%
45.6%
Operating Margin
9.2%
7.1%
Net Margin
7.6%
5.8%
Revenue YoY
19.1%
10.4%
Net Profit YoY
165.7%
125.4%
EPS (diluted)
$1.08
$0.29

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
NWPX
NWPX
PRLB
PRLB
Q1 26
$138.3M
$139.3M
Q4 25
$125.6M
$136.5M
Q3 25
$151.1M
$135.4M
Q2 25
$133.2M
$135.1M
Q1 25
$116.1M
$126.2M
Q4 24
$119.6M
$121.8M
Q3 24
$130.2M
$125.6M
Q2 24
$129.5M
$125.6M
Net Profit
NWPX
NWPX
PRLB
PRLB
Q1 26
$10.5M
$8.1M
Q4 25
$8.9M
Q3 25
$13.5M
$7.2M
Q2 25
$9.1M
$4.4M
Q1 25
$4.0M
$3.6M
Q4 24
$10.1M
Q3 24
$10.3M
$7.2M
Q2 24
$8.6M
$4.5M
Gross Margin
NWPX
NWPX
PRLB
PRLB
Q1 26
19.3%
45.6%
Q4 25
21.3%
44.2%
Q3 25
21.3%
45.3%
Q2 25
19.0%
44.3%
Q1 25
16.7%
44.1%
Q4 24
18.8%
42.7%
Q3 24
20.8%
45.6%
Q2 24
19.9%
45.0%
Operating Margin
NWPX
NWPX
PRLB
PRLB
Q1 26
9.2%
7.1%
Q4 25
10.4%
5.0%
Q3 25
12.6%
6.5%
Q2 25
9.9%
3.7%
Q1 25
4.8%
3.6%
Q4 24
8.8%
-1.2%
Q3 24
11.9%
6.8%
Q2 24
10.5%
4.8%
Net Margin
NWPX
NWPX
PRLB
PRLB
Q1 26
7.6%
5.8%
Q4 25
7.1%
Q3 25
8.9%
5.3%
Q2 25
6.8%
3.3%
Q1 25
3.4%
2.9%
Q4 24
8.4%
Q3 24
7.9%
5.7%
Q2 24
6.7%
3.6%
EPS (diluted)
NWPX
NWPX
PRLB
PRLB
Q1 26
$1.08
$0.29
Q4 25
$0.88
$0.25
Q3 25
$1.38
$0.30
Q2 25
$0.91
$0.18
Q1 25
$0.39
$0.15
Q4 24
$1.00
$-0.01
Q3 24
$1.02
$0.29
Q2 24
$0.86
$0.18

Balance Sheet & Financial Strength

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

Metric
NWPX
NWPX
PRLB
PRLB
Cash + ST InvestmentsLiquidity on hand
$14.3M
$124.0M
Total DebtLower is stronger
$10.7M
Stockholders' EquityBook value
$403.7M
$683.1M
Total Assets
$634.1M
$778.6M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NWPX
NWPX
PRLB
PRLB
Q1 26
$14.3M
$124.0M
Q4 25
$2.3M
$128.1M
Q3 25
$2.7M
$119.2M
Q2 25
$2.0M
$103.2M
Q1 25
$5.3M
$96.8M
Q4 24
$5.0M
$103.1M
Q3 24
$5.7M
$100.5M
Q2 24
$4.5M
$112.9M
Total Debt
NWPX
NWPX
PRLB
PRLB
Q1 26
$10.7M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
NWPX
NWPX
PRLB
PRLB
Q1 26
$403.7M
$683.1M
Q4 25
$394.8M
$673.9M
Q3 25
$386.4M
$664.7M
Q2 25
$379.5M
$664.7M
Q1 25
$378.5M
$656.8M
Q4 24
$374.0M
$670.2M
Q3 24
$362.4M
$680.0M
Q2 24
$351.2M
$685.2M
Total Assets
NWPX
NWPX
PRLB
PRLB
Q1 26
$634.1M
$778.6M
Q4 25
$579.6M
$763.4M
Q3 25
$605.2M
$756.9M
Q2 25
$592.6M
$743.3M
Q1 25
$582.2M
$737.5M
Q4 24
$589.7M
$743.5M
Q3 24
$617.2M
$753.8M
Q2 24
$631.7M
$758.2M
Debt / Equity
NWPX
NWPX
PRLB
PRLB
Q1 26
0.03×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
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
NWPX
NWPX
PRLB
PRLB
Operating Cash FlowLast quarter
$29.3M
$17.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.78×
2.16×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NWPX
NWPX
PRLB
PRLB
Q1 26
$29.3M
$17.5M
Q4 25
$36.0M
$16.5M
Q3 25
$21.0M
$29.1M
Q2 25
$5.4M
$10.6M
Q1 25
$4.8M
$18.4M
Q4 24
$36.1M
$17.3M
Q3 24
$22.7M
$24.8M
Q2 24
$22.3M
$14.4M
Free Cash Flow
NWPX
NWPX
PRLB
PRLB
Q1 26
Q4 25
$30.8M
$8.4M
Q3 25
$13.2M
$25.0M
Q2 25
$1.9M
$9.1M
Q1 25
$1.2M
$17.1M
Q4 24
$31.9M
$16.5M
Q3 24
$16.8M
$23.2M
Q2 24
$16.2M
$10.2M
FCF Margin
NWPX
NWPX
PRLB
PRLB
Q1 26
Q4 25
24.5%
6.2%
Q3 25
8.7%
18.5%
Q2 25
1.4%
6.7%
Q1 25
1.0%
13.6%
Q4 24
26.7%
13.5%
Q3 24
12.9%
18.5%
Q2 24
12.5%
8.2%
Capex Intensity
NWPX
NWPX
PRLB
PRLB
Q1 26
Q4 25
4.1%
5.9%
Q3 25
5.2%
3.0%
Q2 25
2.6%
1.1%
Q1 25
3.2%
1.0%
Q4 24
3.5%
0.7%
Q3 24
4.6%
1.2%
Q2 24
4.7%
3.3%
Cash Conversion
NWPX
NWPX
PRLB
PRLB
Q1 26
2.78×
2.16×
Q4 25
4.06×
Q3 25
1.55×
4.03×
Q2 25
0.60×
2.39×
Q1 25
1.22×
5.11×
Q4 24
3.58×
Q3 24
2.22×
3.44×
Q2 24
2.58×
3.18×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NWPX
NWPX

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

PRLB
PRLB

CNC Machining$63.2M45%
Injection Molding$51.1M37%
3D Printing$20.5M15%
Sheet Metal$4.4M3%
Other Revenue$207.0K0%

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