NWPX vs. LRCX
NWPX (Northwest Pipe Company) and LRCX (Lam Research Corporation) are both stocks. NWPX operates in Metal Fabrication (Industrials), while LRCX operates in Semiconductor Equipment & Materials (Technology). Over the past 10 years, NWPX returned 29.41%/yr vs 48.36%/yr for LRCX. At a 0.22 correlation, their price movements are largely independent.
Performance
NWPX vs. LRCX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with NWPX having a 121.83% return and LRCX slightly lower at 117.34%. Over the past 10 years, NWPX has underperformed LRCX with an annualized return of 29.41%, while LRCX has yielded a comparatively higher 48.36% annualized return.
NWPX
- 1D
- -1.63%
- 1M
- 23.48%
- YTD
- 121.83%
- 6M
- 114.58%
- 1Y
- 247.33%
- 3Y*
- 68.78%
- 5Y*
- 36.73%
- 10Y*
- 29.41%
LRCX
- 1D
- -9.33%
- 1M
- 21.69%
- YTD
- 117.34%
- 6M
- 112.40%
- 1Y
- 307.58%
- 3Y*
- 84.36%
- 5Y*
- 43.85%
- 10Y*
- 48.36%
NWPX vs. LRCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWPX Northwest Pipe Company | 121.83% | 29.49% | 59.48% | -10.21% | 5.97% | 12.37% | -15.04% | 43.02% | 21.68% | 11.15% |
LRCX Lam Research Corporation | 117.34% | 139.16% | -6.84% | 88.63% | -40.72% | 53.66% | 64.18% | 119.33% | -24.40% | 76.21% |
Correlation
The correlation between NWPX and LRCX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 1995 | 0.22 |
Over the past year, NWPX and LRCX have become more correlated (0.44) than their long-term average of 0.22, meaning their price movements have been converging.
Fundamentals
NWPX:
$1.36B
LRCX:
$468.91B
NWPX:
$4.25
LRCX:
$5.29
NWPX:
32.62
LRCX:
70.23
NWPX:
0.64
LRCX:
5.31
NWPX:
2.50
LRCX:
21.73
NWPX:
3.36
LRCX:
44.30
NWPX:
$548.14M
LRCX:
$21.68B
NWPX:
$110.94M
LRCX:
$10.84B
NWPX:
$75.93M
LRCX:
$6.10B
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Return for Risk
NWPX vs. LRCX — Risk / Return Rank
NWPX
LRCX
NWPX vs. LRCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northwest Pipe Company (NWPX) and Lam Research Corporation (LRCX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NWPX | LRCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.83 | 1.61 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 15.86 | 15.49 | +0.37 |
| Martin ratioReturn relative to average drawdown | 52.91 | 51.63 | +1.28 |
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Drawdowns
NWPX vs. LRCX - Drawdown Comparison
The maximum NWPX drawdown since its inception was -87.71%, roughly equal to the maximum LRCX drawdown of -87.90%. Use the drawdown chart below to compare losses from any high point for NWPX and LRCX.
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Drawdown Indicators
| NWPX | LRCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.71% | -87.90% | +0.19% |
Max Drawdown (1Y)Largest decline over 1 year | -15.70% | -20.01% | +4.31% |
Max Drawdown (3Y)Largest decline over 3 years | -35.36% | -47.10% | +11.74% |
Max Drawdown (5Y)Largest decline over 5 years | -35.71% | -56.39% | +20.68% |
Max Drawdown (10Y)Largest decline over 10 years | -46.50% | -56.39% | +9.89% |
Current DrawdownCurrent decline from peak | -1.63% | -9.33% | +7.70% |
Average DrawdownAverage peak-to-trough decline | -43.32% | -28.15% | -15.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.70% | 5.99% | -1.29% |
Volatility
NWPX vs. LRCX - Volatility Comparison
The current volatility for Northwest Pipe Company (NWPX) is 11.11%, while Lam Research Corporation (LRCX) has a volatility of 24.10%. This indicates that NWPX experiences smaller price fluctuations and is considered to be less risky than LRCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWPX | LRCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.11% | 24.10% | -12.99% |
Volatility (6M)Calculated over the trailing 6-month period | 31.26% | 44.78% | -13.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.64% | 54.30% | -13.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.58% | 46.97% | -10.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.02% | 45.11% | -4.09% |
Dividends
NWPX vs. LRCX - Dividend Comparison
NWPX has not paid dividends to shareholders, while LRCX's dividend yield for the trailing twelve months is around 0.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LRCX Lam Research Corporation | 0.28% | 0.57% | 1.19% | 0.95% | 1.53% | 0.78% | 1.04% | 1.54% | 2.79% | 1.01% | 1.28% | 1.36% |
NWPX Northwest Pipe Company | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NWPX vs. LRCX - Financials Comparison
This section allows you to compare key financial metrics between Northwest Pipe Company and Lam Research Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
NWPX vs. LRCX - Profitability Comparison
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%.
LRCX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lam Research Corporation reported a gross profit of 2.91B and revenue of 5.84B. Therefore, the gross margin over that period was 49.8%.
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%.
LRCX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lam Research Corporation reported an operating income of 2.05B and revenue of 5.84B, resulting in an operating margin of 35.0%.
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%.
LRCX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lam Research Corporation reported a net income of 1.83B and revenue of 5.84B, resulting in a net margin of 31.3%.
Frequently Asked Questions
NWPX and LRCX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LRCX has higher volatility (24.10%) compared to NWPX (11.11%). In terms of maximum drawdown, NWPX dropped -87.71% vs LRCX's -87.90%.
NWPX currently has the higher Sharpe Ratio (6.14 vs 5.71), 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.
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