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

NWPX Infrastructure, Inc. is the larger business by last-quarter revenue ($138.3M vs $111.7M, roughly 1.2× ZIPRECRUITER, INC.). NWPX Infrastructure, Inc. runs the higher net margin — 7.6% vs -0.7%, a 8.4% gap on every dollar of revenue. On growth, NWPX Infrastructure, Inc. posted the faster year-over-year revenue change (19.1% vs 0.6%). Over the past eight quarters, NWPX Infrastructure, Inc.'s revenue compounded faster (3.3% CAGR vs -4.4%).

NWPX vs ZIP — Head-to-Head

Bigger by revenue
NWPX
NWPX
1.2× larger
NWPX
$138.3M
$111.7M
ZIP
Growing faster (revenue YoY)
NWPX
NWPX
+18.5% gap
NWPX
19.1%
0.6%
ZIP
Higher net margin
NWPX
NWPX
8.4% more per $
NWPX
7.6%
-0.7%
ZIP
Faster 2-yr revenue CAGR
NWPX
NWPX
Annualised
NWPX
3.3%
-4.4%
ZIP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NWPX
NWPX
ZIP
ZIP
Revenue
$138.3M
$111.7M
Net Profit
$10.5M
$-835.0K
Gross Margin
19.3%
89.1%
Operating Margin
9.2%
3.6%
Net Margin
7.6%
-0.7%
Revenue YoY
19.1%
0.6%
Net Profit YoY
165.7%
92.3%
EPS (diluted)
$1.08
$-0.03

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
ZIP
ZIP
Q1 26
$138.3M
Q4 25
$125.6M
$111.7M
Q3 25
$151.1M
$115.0M
Q2 25
$133.2M
$112.2M
Q1 25
$116.1M
$110.1M
Q4 24
$119.6M
$111.0M
Q3 24
$130.2M
$117.1M
Q2 24
$129.5M
$123.7M
Net Profit
NWPX
NWPX
ZIP
ZIP
Q1 26
$10.5M
Q4 25
$8.9M
$-835.0K
Q3 25
$13.5M
$-9.8M
Q2 25
$9.1M
$-9.5M
Q1 25
$4.0M
$-12.8M
Q4 24
$10.1M
$-10.8M
Q3 24
$10.3M
$-2.6M
Q2 24
$8.6M
$7.0M
Gross Margin
NWPX
NWPX
ZIP
ZIP
Q1 26
19.3%
Q4 25
21.3%
89.1%
Q3 25
21.3%
89.1%
Q2 25
19.0%
89.3%
Q1 25
16.7%
89.4%
Q4 24
18.8%
89.6%
Q3 24
20.8%
89.4%
Q2 24
19.9%
89.5%
Operating Margin
NWPX
NWPX
ZIP
ZIP
Q1 26
9.2%
Q4 25
10.4%
3.6%
Q3 25
12.6%
-4.4%
Q2 25
9.9%
-5.9%
Q1 25
4.8%
-10.6%
Q4 24
8.8%
-3.6%
Q3 24
11.9%
-2.8%
Q2 24
10.5%
7.6%
Net Margin
NWPX
NWPX
ZIP
ZIP
Q1 26
7.6%
Q4 25
7.1%
-0.7%
Q3 25
8.9%
-8.5%
Q2 25
6.8%
-8.5%
Q1 25
3.4%
-11.7%
Q4 24
8.4%
-9.7%
Q3 24
7.9%
-2.2%
Q2 24
6.7%
5.7%
EPS (diluted)
NWPX
NWPX
ZIP
ZIP
Q1 26
$1.08
Q4 25
$0.88
$-0.03
Q3 25
$1.38
$-0.11
Q2 25
$0.91
$-0.10
Q1 25
$0.39
$-0.13
Q4 24
$1.00
$-0.10
Q3 24
$1.02
$-0.03
Q2 24
$0.86
$0.07

Balance Sheet & Financial Strength

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

Metric
NWPX
NWPX
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$14.3M
$188.0M
Total DebtLower is stronger
$10.7M
Stockholders' EquityBook value
$403.7M
$-77.2M
Total Assets
$634.1M
$569.7M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NWPX
NWPX
ZIP
ZIP
Q1 26
$14.3M
Q4 25
$2.3M
$188.0M
Q3 25
$2.7M
$211.8M
Q2 25
$2.0M
$203.5M
Q1 25
$5.3M
$221.1M
Q4 24
$5.0M
$218.4M
Q3 24
$5.7M
$225.6M
Q2 24
$4.5M
$271.7M
Total Debt
NWPX
NWPX
ZIP
ZIP
Q1 26
$10.7M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
NWPX
NWPX
ZIP
ZIP
Q1 26
$403.7M
Q4 25
$394.8M
$-77.2M
Q3 25
$386.4M
$-76.1M
Q2 25
$379.5M
$-65.9M
Q1 25
$378.5M
$-11.3M
Q4 24
$374.0M
$13.4M
Q3 24
$362.4M
$13.6M
Q2 24
$351.2M
$24.4M
Total Assets
NWPX
NWPX
ZIP
ZIP
Q1 26
$634.1M
Q4 25
$579.6M
$569.7M
Q3 25
$605.2M
$573.6M
Q2 25
$592.6M
$592.4M
Q1 25
$582.2M
$629.4M
Q4 24
$589.7M
$664.1M
Q3 24
$617.2M
$652.0M
Q2 24
$631.7M
$665.3M
Debt / Equity
NWPX
NWPX
ZIP
ZIP
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
ZIP
ZIP
Operating Cash FlowLast quarter
$29.3M
$7.7M
Free Cash FlowOCF − Capex
$7.6M
FCF MarginFCF / Revenue
6.8%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
2.78×
TTM Free Cash FlowTrailing 4 quarters
$9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NWPX
NWPX
ZIP
ZIP
Q1 26
$29.3M
Q4 25
$36.0M
$7.7M
Q3 25
$21.0M
$2.6M
Q2 25
$5.4M
$10.5M
Q1 25
$4.8M
$-9.9M
Q4 24
$36.1M
$12.5M
Q3 24
$22.7M
$9.3M
Q2 24
$22.3M
$21.9M
Free Cash Flow
NWPX
NWPX
ZIP
ZIP
Q1 26
Q4 25
$30.8M
$7.6M
Q3 25
$13.2M
$2.2M
Q2 25
$1.9M
$10.2M
Q1 25
$1.2M
$-10.2M
Q4 24
$31.9M
$12.0M
Q3 24
$16.8M
$9.2M
Q2 24
$16.2M
$21.7M
FCF Margin
NWPX
NWPX
ZIP
ZIP
Q1 26
Q4 25
24.5%
6.8%
Q3 25
8.7%
1.9%
Q2 25
1.4%
9.1%
Q1 25
1.0%
-9.3%
Q4 24
26.7%
10.8%
Q3 24
12.9%
7.8%
Q2 24
12.5%
17.6%
Capex Intensity
NWPX
NWPX
ZIP
ZIP
Q1 26
Q4 25
4.1%
0.1%
Q3 25
5.2%
0.3%
Q2 25
2.6%
0.3%
Q1 25
3.2%
0.3%
Q4 24
3.5%
0.4%
Q3 24
4.6%
0.2%
Q2 24
4.7%
0.1%
Cash Conversion
NWPX
NWPX
ZIP
ZIP
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×
Q2 24
2.58×
3.12×

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%

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

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