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Side-by-side financial comparison of NWPX Infrastructure, Inc. (NWPX) and POWER SOLUTIONS INTERNATIONAL, INC. (PSIX). Click either name above to swap in a different company.
POWER SOLUTIONS INTERNATIONAL, INC. is the larger business by last-quarter revenue ($191.2M vs $138.3M, roughly 1.4× NWPX Infrastructure, Inc.). POWER SOLUTIONS INTERNATIONAL, INC. runs the higher net margin — 8.4% vs 7.6%, a 0.8% gap on every dollar of revenue. On growth, POWER SOLUTIONS INTERNATIONAL, INC. posted the faster year-over-year revenue change (32.5% vs 19.1%). Over the past eight quarters, POWER SOLUTIONS INTERNATIONAL, INC.'s revenue compounded faster (41.7% CAGR vs 3.3%).
Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission and distribution company headquartered in Ahmedabad. As of April 2025, the company operates a cumulative transmission network of 26,696 circuit kilometers and is one of the largest private sector power transmission companies operating in India.
NWPX vs PSIX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $138.3M | $191.2M |
| Net Profit | $10.5M | $16.1M |
| Gross Margin | 19.3% | 21.9% |
| Operating Margin | 9.2% | 12.7% |
| Net Margin | 7.6% | 8.4% |
| Revenue YoY | 19.1% | 32.5% |
| Net Profit YoY | 165.7% | -31.0% |
| EPS (diluted) | $1.08 | $0.69 |
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 | $125.6M | $191.2M | ||
| Q3 25 | $151.1M | $203.8M | ||
| Q2 25 | $133.2M | $191.9M | ||
| Q1 25 | $116.1M | $135.4M | ||
| Q4 24 | $119.6M | $144.3M | ||
| Q3 24 | $130.2M | $125.8M | ||
| Q2 24 | $129.5M | $110.6M |
| Q1 26 | $10.5M | — | ||
| Q4 25 | $8.9M | $16.1M | ||
| Q3 25 | $13.5M | $27.6M | ||
| Q2 25 | $9.1M | $51.2M | ||
| Q1 25 | $4.0M | $19.1M | ||
| Q4 24 | $10.1M | $23.3M | ||
| Q3 24 | $10.3M | $17.3M | ||
| Q2 24 | $8.6M | $21.5M |
| Q1 26 | 19.3% | — | ||
| Q4 25 | 21.3% | 21.9% | ||
| Q3 25 | 21.3% | 23.9% | ||
| Q2 25 | 19.0% | 28.2% | ||
| Q1 25 | 16.7% | 29.7% | ||
| Q4 24 | 18.8% | 29.9% | ||
| Q3 24 | 20.8% | 28.9% | ||
| Q2 24 | 19.9% | 31.8% |
| Q1 26 | 9.2% | — | ||
| Q4 25 | 10.4% | 12.7% | ||
| Q3 25 | 12.6% | 13.9% | ||
| Q2 25 | 9.9% | 16.9% | ||
| Q1 25 | 4.8% | 18.2% | ||
| Q4 24 | 8.8% | 17.5% | ||
| Q3 24 | 11.9% | 16.3% | ||
| Q2 24 | 10.5% | 22.9% |
| Q1 26 | 7.6% | — | ||
| Q4 25 | 7.1% | 8.4% | ||
| Q3 25 | 8.9% | 13.5% | ||
| Q2 25 | 6.8% | 26.7% | ||
| Q1 25 | 3.4% | 14.1% | ||
| Q4 24 | 8.4% | 16.1% | ||
| Q3 24 | 7.9% | 13.8% | ||
| Q2 24 | 6.7% | 19.5% |
| Q1 26 | $1.08 | — | ||
| Q4 25 | $0.88 | $0.69 | ||
| Q3 25 | $1.38 | $1.20 | ||
| Q2 25 | $0.91 | $2.22 | ||
| Q1 25 | $0.39 | $0.83 | ||
| Q4 24 | $1.00 | $1.01 | ||
| Q3 24 | $1.02 | $0.75 | ||
| Q2 24 | $0.86 | $0.94 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $14.3M | $41.3M |
| Total DebtLower is stronger | $10.7M | $96.6M |
| Stockholders' EquityBook value | $403.7M | $178.6M |
| Total Assets | $634.1M | $424.7M |
| Debt / EquityLower = less leverage | 0.03× | 0.54× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $14.3M | — | ||
| Q4 25 | $2.3M | $41.3M | ||
| Q3 25 | $2.7M | $49.0M | ||
| Q2 25 | $2.0M | $49.5M | ||
| Q1 25 | $5.3M | $50.0M | ||
| Q4 24 | $5.0M | $55.3M | ||
| Q3 24 | $5.7M | $40.5M | ||
| Q2 24 | $4.5M | $28.8M |
| Q1 26 | $10.7M | — | ||
| Q4 25 | — | $96.6M | ||
| Q3 25 | — | $96.7M | ||
| Q2 25 | — | $1.8M | ||
| Q1 25 | — | $1.0M | ||
| Q4 24 | — | $184.0K | ||
| Q3 24 | — | $238.0K | ||
| Q2 24 | — | $292.0K |
| Q1 26 | $403.7M | — | ||
| Q4 25 | $394.8M | $178.6M | ||
| Q3 25 | $386.4M | $162.5M | ||
| Q2 25 | $379.5M | $135.7M | ||
| Q1 25 | $378.5M | $84.3M | ||
| Q4 24 | $374.0M | $65.3M | ||
| Q3 24 | $362.4M | $42.1M | ||
| Q2 24 | $351.2M | $24.8M |
| Q1 26 | $634.1M | — | ||
| Q4 25 | $579.6M | $424.7M | ||
| Q3 25 | $605.2M | $458.9M | ||
| Q2 25 | $592.6M | $437.7M | ||
| Q1 25 | $582.2M | $372.7M | ||
| Q4 24 | $589.7M | $328.2M | ||
| Q3 24 | $617.2M | $339.1M | ||
| Q2 24 | $631.7M | $307.6M |
| Q1 26 | 0.03× | — | ||
| Q4 25 | — | 0.54× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.01× | ||
| Q2 24 | — | 0.01× |
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 | $29.3M | $-4.6M |
| Free Cash FlowOCF − Capex | — | $-7.6M |
| FCF MarginFCF / Revenue | — | -4.0% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | 2.78× | -0.29× |
| TTM Free Cash FlowTrailing 4 quarters | — | $14.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $29.3M | — | ||
| Q4 25 | $36.0M | $-4.6M | ||
| Q3 25 | $21.0M | $3.3M | ||
| Q2 25 | $5.4M | $16.7M | ||
| Q1 25 | $4.8M | $8.8M | ||
| Q4 24 | $36.1M | $32.7M | ||
| Q3 24 | $22.7M | $12.6M | ||
| Q2 24 | $22.3M | $1.5M |
| Q1 26 | — | — | ||
| Q4 25 | $30.8M | $-7.6M | ||
| Q3 25 | $13.2M | $1.7M | ||
| Q2 25 | $1.9M | $14.6M | ||
| Q1 25 | $1.2M | $5.4M | ||
| Q4 24 | $31.9M | $30.0M | ||
| Q3 24 | $16.8M | $12.1M | ||
| Q2 24 | $16.2M | $822.0K |
| Q1 26 | — | — | ||
| Q4 25 | 24.5% | -4.0% | ||
| Q3 25 | 8.7% | 0.8% | ||
| Q2 25 | 1.4% | 7.6% | ||
| Q1 25 | 1.0% | 4.0% | ||
| Q4 24 | 26.7% | 20.8% | ||
| Q3 24 | 12.9% | 9.7% | ||
| Q2 24 | 12.5% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.1% | 1.6% | ||
| Q3 25 | 5.2% | 0.8% | ||
| Q2 25 | 2.6% | 1.1% | ||
| Q1 25 | 3.2% | 2.5% | ||
| Q4 24 | 3.5% | 1.8% | ||
| Q3 24 | 4.6% | 0.3% | ||
| Q2 24 | 4.7% | 0.6% |
| Q1 26 | 2.78× | — | ||
| Q4 25 | 4.06× | -0.29× | ||
| Q3 25 | 1.55× | 0.12× | ||
| Q2 25 | 0.60× | 0.33× | ||
| Q1 25 | 1.22× | 0.46× | ||
| Q4 24 | 3.58× | 1.40× | ||
| Q3 24 | 2.22× | 0.73× | ||
| Q2 24 | 2.58× | 0.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NWPX
| Water Transmission Systems | $93.5M | 68% |
| Precast Infrastructure and Engineered Systems | $44.8M | 32% |
PSIX
| Energy End Market | $153.4M | 80% |
| Industrial End Market | $33.3M | 17% |
| Transportation End Market | $4.6M | 2% |
