NWPX vs. BBCP

Last updated Jun 4, 2026

NWPX (Northwest Pipe Company) and BBCP (Concrete Pumping Holdings, Inc.) are both stocks. Both are in the Industrials sector — NWPX in Metal Fabrication, BBCP in Engineering & Construction. Over the past 5 years, NWPX returned 30.35%/yr vs 0.68%/yr for BBCP. At a 0.28 correlation, their price movements are largely independent.

Performance

NWPX vs. BBCP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northwest Pipe Company (NWPX) and Concrete Pumping Holdings, Inc. (BBCP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NWPX achieves a 91.55% return, which is significantly higher than BBCP's 16.39% return.

NWPX

• 1D: -0.02%
• 1M: 12.25%
• YTD: 91.55%
• 6M: 101.41%
• 1Y: 200.38%
• 3Y*: 61.93%
• 5Y*: 30.35%
• 10Y*: 28.73%

BBCP

• 1D: -0.26%
• 1M: -1.26%
• YTD: 16.39%
• 6M: 17.62%
• 1Y: 8.32%
• 3Y*: 8.56%
• 5Y*: 0.68%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NWPX vs. BBCP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWPX Northwest Pipe Company	91.55%	29.49%	59.48%	-10.21%	5.97%	12.37%	-15.04%	43.02%	21.68%	23.88%
BBCP Concrete Pumping Holdings, Inc.	16.39%	13.72%	-18.78%	40.17%	-28.66%	114.10%	-29.98%	-33.54%	-15.59%	0.52%

Correlation

The correlation between NWPX and BBCP is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Aug 22, 2017	0.28

Over the past year, NWPX and BBCP have become more correlated (0.51) than their long-term average of 0.28, meaning their price movements have been converging.

Fundamentals

Market Cap NWPX : $1.17B BBCP : $398.38M
EPS NWPX : $4.25 BBCP : $0.13
PE Ratio NWPX : 28.17 BBCP : 61.77
PS Ratio NWPX : 2.16 BBCP : 1.02
PB Ratio NWPX : 2.90 BBCP : 1.68
Total Revenue (TTM) NWPX : $548.14M BBCP : $396.98M
Gross Profit (TTM) NWPX : $110.94M BBCP : $151.85M
EBITDA (TTM) NWPX : $75.93M BBCP : $83.67M

Return for Risk

NWPX vs. BBCP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NWPX

NWPX Risk / Return Rank: 98
NWPX Sharpe Ratio Rank: 98
NWPX Sortino Ratio Rank: 99
NWPX Omega Ratio Rank: 98
NWPX Calmar Ratio Rank: 98
NWPX Martin Ratio Rank: 99

BBCP

BBCP Risk / Return Rank: 46
BBCP Sharpe Ratio Rank: 48
BBCP Sortino Ratio Rank: 43
BBCP Omega Ratio Rank: 43
BBCP Calmar Ratio Rank: 49
BBCP Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NWPX vs. BBCP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northwest Pipe Company (NWPX) and Concrete Pumping Holdings, Inc. (BBCP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	NWPX	BBCP	Difference
Sharpe ratio Return per unit of total volatility	5.08	0.20	+4.88
Sortino ratio Return per unit of downside risk	6.10	0.56	+5.54
Omega ratio Gain probability vs. loss probability	1.75	1.07	+0.67
Calmar ratio Return relative to maximum drawdown	12.85	0.33	+12.51
Martin ratio Return relative to average drawdown	42.75	0.74	+42.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NWPX vs. BBCP - Sharpe Ratio Comparison

The current NWPX Sharpe Ratio is 5.08, which is higher than the BBCP Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of NWPX and BBCP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NWPX	BBCP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.08	0.20	+4.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.02	+0.82
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	-0.02	+0.20

Drawdowns

NWPX vs. BBCP - Drawdown Comparison

The maximum NWPX drawdown since its inception was -87.71%, roughly equal to the maximum BBCP drawdown of -84.79%. Use the drawdown chart below to compare losses from any high point for NWPX and BBCP.

Drawdown Indicators

	NWPX	BBCP	Difference
Max Drawdown Largest peak-to-trough decline	-87.71%	-84.79%	-2.92%
Max Drawdown (1Y) Largest decline over 1 year	-15.70%	-25.00%	+9.30%
Max Drawdown (3Y) Largest decline over 3 years	-35.36%	-43.19%	+7.83%
Max Drawdown (5Y) Largest decline over 5 years	-35.71%	-49.67%	+13.96%
Max Drawdown (10Y) Largest decline over 10 years	-46.50%	—	—
Current Drawdown Current decline from peak	-1.71%	-29.42%	+27.71%
Average Drawdown Average peak-to-trough decline	-43.40%	-39.87%	-3.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.71%	11.45%	-6.74%

Volatility

NWPX vs. BBCP - Volatility Comparison

Northwest Pipe Company (NWPX) has a higher volatility of 10.42% compared to Concrete Pumping Holdings, Inc. (BBCP) at 8.71%. This indicates that NWPX's price experiences larger fluctuations and is considered to be riskier than BBCP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NWPX	BBCP	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.42%	8.71%	+1.71%
Volatility (6M) Calculated over the trailing 6-month period	30.22%	26.20%	+4.02%
Volatility (1Y) Calculated over the trailing 1-year period	39.79%	42.15%	-2.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.47%	40.56%	-4.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.05%	57.90%	-16.85%

Dividends

NWPX vs. BBCP - Dividend Comparison

Neither NWPX nor BBCP has paid dividends to shareholders.

Position	TTM	2025
BBCP Concrete Pumping Holdings, Inc.	0.00%	14.90%
NWPX Northwest Pipe Company	0.00%	0.00%

Financials

NWPX vs. BBCP - Profitability Comparison

The chart below illustrates the profitability comparison between Northwest Pipe Company and Concrete Pumping Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NWPX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Northwest Pipe Company reported a gross profit of 26.67M and revenue of 138.25M. Therefore, the gross margin over that period was 19.3%.

BBCP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Concrete Pumping Holdings, Inc. reported a gross profit of 31.96M and revenue of 90.56M. Therefore, the gross margin over that period was 35.3%.

NWPX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Northwest Pipe Company reported an operating income of 12.66M and revenue of 138.25M, resulting in an operating margin of 9.2%.

BBCP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Concrete Pumping Holdings, Inc. reported an operating income of 4.51M and revenue of 90.56M, resulting in an operating margin of 5.0%.

NWPX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Northwest Pipe Company reported a net income of 10.53M and revenue of 138.25M, resulting in a net margin of 7.6%.

BBCP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Concrete Pumping Holdings, Inc. reported a net income of -2.44M and revenue of 90.56M, resulting in a net margin of -2.7%.

Frequently Asked Questions

Can I hold both NWPX and BBCP in my portfolio?

NWPX and BBCP have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NWPX or BBCP?

NWPX has higher volatility (10.42%) compared to BBCP (8.71%). In terms of maximum drawdown, NWPX dropped -87.71% vs BBCP's -84.79%.

Which has better risk-adjusted returns?

NWPX currently has the higher Sharpe Ratio (5.08 vs 0.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.