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Side-by-side financial comparison of NWPX Infrastructure, Inc. (NWPX) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
NWPX Infrastructure, Inc. is the larger business by last-quarter revenue ($138.3M vs $78.6M, roughly 1.8× Repay Holdings Corp). NWPX Infrastructure, Inc. runs the higher net margin — 7.6% vs -178.3%, a 185.9% gap on every dollar of revenue. On growth, NWPX Infrastructure, Inc. posted the faster year-over-year revenue change (19.1% vs 0.4%). Over the past eight quarters, NWPX Infrastructure, Inc.'s revenue compounded faster (3.3% CAGR vs -1.3%).
Repay Holdings Corp is a leading payment technology provider delivering integrated end-to-end payment processing solutions for businesses across North America. Its offerings include credit/debit card processing, ACH transfer services, POS system integrations and digital payment tools, serving retail, healthcare, automotive and e-commerce segments to help clients streamline transaction workflows and boost operational efficiency.
NWPX vs RPAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $138.3M | $78.6M |
| Net Profit | $10.5M | $-140.1M |
| Gross Margin | 19.3% | 74.2% |
| Operating Margin | 9.2% | -182.2% |
| Net Margin | 7.6% | -178.3% |
| Revenue YoY | 19.1% | 0.4% |
| Net Profit YoY | 165.7% | -3304.1% |
| EPS (diluted) | $1.08 | $-1.68 |
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 | $78.6M | ||
| Q3 25 | $151.1M | $77.7M | ||
| Q2 25 | $133.2M | $75.6M | ||
| Q1 25 | $116.1M | $77.3M | ||
| Q4 24 | $119.6M | $78.3M | ||
| Q3 24 | $130.2M | $79.1M | ||
| Q2 24 | $129.5M | $74.9M |
| Q1 26 | $10.5M | — | ||
| Q4 25 | $8.9M | $-140.1M | ||
| Q3 25 | $13.5M | $-6.4M | ||
| Q2 25 | $9.1M | $-102.3M | ||
| Q1 25 | $4.0M | $-7.9M | ||
| Q4 24 | $10.1M | $-4.1M | ||
| Q3 24 | $10.3M | $3.2M | ||
| Q2 24 | $8.6M | $-4.1M |
| Q1 26 | 19.3% | — | ||
| Q4 25 | 21.3% | 74.2% | ||
| Q3 25 | 21.3% | 74.4% | ||
| Q2 25 | 19.0% | 75.7% | ||
| Q1 25 | 16.7% | 75.9% | ||
| Q4 24 | 18.8% | 76.3% | ||
| Q3 24 | 20.8% | 77.8% | ||
| Q2 24 | 19.9% | 78.2% |
| Q1 26 | 9.2% | — | ||
| Q4 25 | 10.4% | -182.2% | ||
| Q3 25 | 12.6% | -3.9% | ||
| Q2 25 | 9.9% | -138.7% | ||
| Q1 25 | 4.8% | -4.7% | ||
| Q4 24 | 8.8% | -1.5% | ||
| Q3 24 | 11.9% | -0.9% | ||
| Q2 24 | 10.5% | -4.6% |
| Q1 26 | 7.6% | — | ||
| Q4 25 | 7.1% | -178.3% | ||
| Q3 25 | 8.9% | -8.3% | ||
| Q2 25 | 6.8% | -135.2% | ||
| Q1 25 | 3.4% | -10.3% | ||
| Q4 24 | 8.4% | -5.3% | ||
| Q3 24 | 7.9% | 4.1% | ||
| Q2 24 | 6.7% | -5.4% |
| Q1 26 | $1.08 | — | ||
| Q4 25 | $0.88 | $-1.68 | ||
| Q3 25 | $1.38 | $-0.08 | ||
| Q2 25 | $0.91 | $-1.15 | ||
| Q1 25 | $0.39 | $-0.09 | ||
| Q4 24 | $1.00 | $-0.04 | ||
| Q3 24 | $1.02 | $0.03 | ||
| Q2 24 | $0.86 | $-0.04 |
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 | $115.7M |
| Total DebtLower is stronger | $10.7M | $280.1M |
| Stockholders' EquityBook value | $403.7M | $484.4M |
| Total Assets | $634.1M | $1.2B |
| Debt / EquityLower = less leverage | 0.03× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $14.3M | — | ||
| Q4 25 | $2.3M | $115.7M | ||
| Q3 25 | $2.7M | $95.7M | ||
| Q2 25 | $2.0M | $162.6M | ||
| Q1 25 | $5.3M | $165.5M | ||
| Q4 24 | $5.0M | $189.5M | ||
| Q3 24 | $5.7M | $168.7M | ||
| Q2 24 | $4.5M | $147.1M |
| Q1 26 | $10.7M | — | ||
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M |
| Q1 26 | $403.7M | — | ||
| Q4 25 | $394.8M | $484.4M | ||
| Q3 25 | $386.4M | $616.9M | ||
| Q2 25 | $379.5M | $633.7M | ||
| Q1 25 | $378.5M | $755.7M | ||
| Q4 24 | $374.0M | $761.3M | ||
| Q3 24 | $362.4M | $754.7M | ||
| Q2 24 | $351.2M | $815.4M |
| Q1 26 | $634.1M | — | ||
| Q4 25 | $579.6M | $1.2B | ||
| Q3 25 | $605.2M | $1.3B | ||
| Q2 25 | $592.6M | $1.4B | ||
| Q1 25 | $582.2M | $1.5B | ||
| Q4 24 | $589.7M | $1.6B | ||
| Q3 24 | $617.2M | $1.6B | ||
| Q2 24 | $631.7M | $1.5B |
| Q1 26 | 0.03× | — | ||
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | — | $23.2M |
| FCF MarginFCF / Revenue | — | 29.6% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 2.78× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $29.3M | — | ||
| Q4 25 | $36.0M | $23.3M | ||
| Q3 25 | $21.0M | $32.2M | ||
| Q2 25 | $5.4M | $33.1M | ||
| Q1 25 | $4.8M | $2.5M | ||
| Q4 24 | $36.1M | $34.3M | ||
| Q3 24 | $22.7M | $60.1M | ||
| Q2 24 | $22.3M | $31.0M |
| Q1 26 | — | — | ||
| Q4 25 | $30.8M | $23.2M | ||
| Q3 25 | $13.2M | $32.1M | ||
| Q2 25 | $1.9M | $33.0M | ||
| Q1 25 | $1.2M | $2.4M | ||
| Q4 24 | $31.9M | $34.0M | ||
| Q3 24 | $16.8M | $59.8M | ||
| Q2 24 | $16.2M | $30.5M |
| Q1 26 | — | — | ||
| Q4 25 | 24.5% | 29.6% | ||
| Q3 25 | 8.7% | 41.3% | ||
| Q2 25 | 1.4% | 43.6% | ||
| Q1 25 | 1.0% | 3.0% | ||
| Q4 24 | 26.7% | 43.5% | ||
| Q3 24 | 12.9% | 75.6% | ||
| Q2 24 | 12.5% | 40.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.1% | 0.1% | ||
| Q3 25 | 5.2% | 0.2% | ||
| Q2 25 | 2.6% | 0.1% | ||
| Q1 25 | 3.2% | 0.2% | ||
| Q4 24 | 3.5% | 0.3% | ||
| Q3 24 | 4.6% | 0.3% | ||
| Q2 24 | 4.7% | 0.6% |
| Q1 26 | 2.78× | — | ||
| Q4 25 | 4.06× | — | ||
| Q3 25 | 1.55× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | 3.58× | — | ||
| Q3 24 | 2.22× | 18.52× | ||
| Q2 24 | 2.58× | — |
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% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
