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Side-by-side financial comparison of NWPX Infrastructure, Inc. (NWPX) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.

NWPX Infrastructure, Inc. is the larger business by last-quarter revenue ($138.3M vs $71.1M, roughly 1.9× RE/MAX Holdings, Inc.). NWPX Infrastructure, Inc. runs the higher net margin — 7.6% vs 2.0%, a 5.6% gap on every dollar of revenue. On growth, NWPX Infrastructure, Inc. posted the faster year-over-year revenue change (19.1% vs -1.8%). Over the past eight quarters, NWPX Infrastructure, Inc.'s revenue compounded faster (3.3% CAGR vs -4.7%).

RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.

NWPX vs RMAX — Head-to-Head

Bigger by revenue
NWPX
NWPX
1.9× larger
NWPX
$138.3M
$71.1M
RMAX
Growing faster (revenue YoY)
NWPX
NWPX
+20.9% gap
NWPX
19.1%
-1.8%
RMAX
Higher net margin
NWPX
NWPX
5.6% more per $
NWPX
7.6%
2.0%
RMAX
Faster 2-yr revenue CAGR
NWPX
NWPX
Annualised
NWPX
3.3%
-4.7%
RMAX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NWPX
NWPX
RMAX
RMAX
Revenue
$138.3M
$71.1M
Net Profit
$10.5M
$1.4M
Gross Margin
19.3%
Operating Margin
9.2%
13.1%
Net Margin
7.6%
2.0%
Revenue YoY
19.1%
-1.8%
Net Profit YoY
165.7%
-75.2%
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.

Revenue
NWPX
NWPX
RMAX
RMAX
Q1 26
$138.3M
Q4 25
$125.6M
$71.1M
Q3 25
$151.1M
$73.2M
Q2 25
$133.2M
$72.8M
Q1 25
$116.1M
$74.5M
Q4 24
$119.6M
$72.5M
Q3 24
$130.2M
$78.5M
Q2 24
$129.5M
$78.5M
Net Profit
NWPX
NWPX
RMAX
RMAX
Q1 26
$10.5M
Q4 25
$8.9M
$1.4M
Q3 25
$13.5M
$4.0M
Q2 25
$9.1M
$4.7M
Q1 25
$4.0M
$-2.0M
Q4 24
$10.1M
$5.8M
Q3 24
$10.3M
$966.0K
Q2 24
$8.6M
$3.7M
Gross Margin
NWPX
NWPX
RMAX
RMAX
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
NWPX
NWPX
RMAX
RMAX
Q1 26
9.2%
Q4 25
10.4%
13.1%
Q3 25
12.6%
25.0%
Q2 25
9.9%
19.3%
Q1 25
4.8%
7.2%
Q4 24
8.8%
5.9%
Q3 24
11.9%
19.4%
Q2 24
10.5%
20.6%
Net Margin
NWPX
NWPX
RMAX
RMAX
Q1 26
7.6%
Q4 25
7.1%
2.0%
Q3 25
8.9%
5.4%
Q2 25
6.8%
6.4%
Q1 25
3.4%
-2.6%
Q4 24
8.4%
8.0%
Q3 24
7.9%
1.2%
Q2 24
6.7%
4.7%
EPS (diluted)
NWPX
NWPX
RMAX
RMAX
Q1 26
$1.08
Q4 25
$0.88
Q3 25
$1.38
Q2 25
$0.91
Q1 25
$0.39
Q4 24
$1.00
Q3 24
$1.02
Q2 24
$0.86

Balance Sheet & Financial Strength

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

Metric
NWPX
NWPX
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$14.3M
$118.7M
Total DebtLower is stronger
$10.7M
$432.2M
Stockholders' EquityBook value
$403.7M
$452.4M
Total Assets
$634.1M
$582.5M
Debt / EquityLower = less leverage
0.03×
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NWPX
NWPX
RMAX
RMAX
Q1 26
$14.3M
Q4 25
$2.3M
$118.7M
Q3 25
$2.7M
$107.5M
Q2 25
$2.0M
$94.3M
Q1 25
$5.3M
$89.1M
Q4 24
$5.0M
$96.6M
Q3 24
$5.7M
$83.8M
Q2 24
$4.5M
$66.1M
Total Debt
NWPX
NWPX
RMAX
RMAX
Q1 26
$10.7M
Q4 25
$432.2M
Q3 25
$433.3M
Q2 25
$434.4M
Q1 25
$435.3M
Q4 24
$436.2M
Q3 24
$437.2M
Q2 24
$438.1M
Stockholders' Equity
NWPX
NWPX
RMAX
RMAX
Q1 26
$403.7M
Q4 25
$394.8M
$452.4M
Q3 25
$386.4M
$448.1M
Q2 25
$379.5M
$442.4M
Q1 25
$378.5M
$433.5M
Q4 24
$374.0M
$429.5M
Q3 24
$362.4M
$423.1M
Q2 24
$351.2M
$418.4M
Total Assets
NWPX
NWPX
RMAX
RMAX
Q1 26
$634.1M
Q4 25
$579.6M
$582.5M
Q3 25
$605.2M
$582.2M
Q2 25
$592.6M
$574.8M
Q1 25
$582.2M
$571.4M
Q4 24
$589.7M
$581.6M
Q3 24
$617.2M
$578.6M
Q2 24
$631.7M
$571.4M
Debt / Equity
NWPX
NWPX
RMAX
RMAX
Q1 26
0.03×
Q4 25
0.96×
Q3 25
0.97×
Q2 25
0.98×
Q1 25
1.00×
Q4 24
1.02×
Q3 24
1.03×
Q2 24
1.05×

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
RMAX
RMAX
Operating Cash FlowLast quarter
$29.3M
$40.9M
Free Cash FlowOCF − Capex
$33.5M
FCF MarginFCF / Revenue
47.1%
Capex IntensityCapex / Revenue
10.4%
Cash ConversionOCF / Net Profit
2.78×
28.39×
TTM Free Cash FlowTrailing 4 quarters
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NWPX
NWPX
RMAX
RMAX
Q1 26
$29.3M
Q4 25
$36.0M
$40.9M
Q3 25
$21.0M
$17.7M
Q2 25
$5.4M
$4.6M
Q1 25
$4.8M
$5.7M
Q4 24
$36.1M
$59.7M
Q3 24
$22.7M
$17.6M
Q2 24
$22.3M
$15.9M
Free Cash Flow
NWPX
NWPX
RMAX
RMAX
Q1 26
Q4 25
$30.8M
$33.5M
Q3 25
$13.2M
$16.4M
Q2 25
$1.9M
$2.9M
Q1 25
$1.2M
$4.0M
Q4 24
$31.9M
$53.0M
Q3 24
$16.8M
$16.3M
Q2 24
$16.2M
$14.0M
FCF Margin
NWPX
NWPX
RMAX
RMAX
Q1 26
Q4 25
24.5%
47.1%
Q3 25
8.7%
22.4%
Q2 25
1.4%
4.0%
Q1 25
1.0%
5.3%
Q4 24
26.7%
73.2%
Q3 24
12.9%
20.8%
Q2 24
12.5%
17.8%
Capex Intensity
NWPX
NWPX
RMAX
RMAX
Q1 26
Q4 25
4.1%
10.4%
Q3 25
5.2%
1.8%
Q2 25
2.6%
2.2%
Q1 25
3.2%
2.3%
Q4 24
3.5%
9.1%
Q3 24
4.6%
1.7%
Q2 24
4.7%
2.4%
Cash Conversion
NWPX
NWPX
RMAX
RMAX
Q1 26
2.78×
Q4 25
4.06×
28.39×
Q3 25
1.55×
4.45×
Q2 25
0.60×
0.97×
Q1 25
1.22×
Q4 24
3.58×
10.28×
Q3 24
2.22×
18.22×
Q2 24
2.58×
4.29×

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%

RMAX
RMAX

Franchising Segment$50.1M70%
Broker Fees$13.9M20%
Annual Dues$7.4M10%

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