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Stock research / United States / TREX · Lumber & Wood Products (No Furniture) · NYSE

Trex Co. Inc. (TREX)

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Trex Co. Inc. (TREX) reported revenue of $418 million for Q2 FY2026, the quarter ended 30 June 2026, up 7.8% on the same quarter a year earlier. Net income was $62 million, down 18.5% on the year, and diluted earnings per share $0.60. The figures are the company's own, from the 10-Q it filed with the SEC on 4 August 2026.

Revenue$418 millionup 7.8%
Net income$62 milliondown 18.5%
Diluted EPS$0.60
QuarterQ2 FY2026ended 30 June 2026

Trex (TREX) in brief

Trex (TREX) reported revenue of $1.2 billion for fiscal 2025, the year ended 31 December 2025, up 2.0% on the year before.
Read moreNet income was $190 million and diluted earnings per share $1.78. Revenue was $1.2 billion in fiscal 2024, $1.1 billion in fiscal 2023, $1.1 billion in fiscal 2022 and $1.2 billion in fiscal 2021. Net income in the same years was $238 million, $204 million, $185 million and $209 million. Over the twelve months to 30 June 2026, Trex reported revenue of $1.2 billion. Revenue grew 5.9% a year, compounded, over the five years to fiscal 2025. Trex had 102 million shares outstanding at the latest filed count. At 30 June 2026 it carried $253 million of debt and $6 million of cash. At the close of 8 October 2026 the market cap of Trex was $4.5 billion.

Ratios

From the filings

ROEn/a
ROCEn/a
Operating marginn/a
Net marginn/a
FCF margin17.2%
Interest covern/a
Debt to equity0.25
Cash conversionn/a
Share count, 1 year-5.0%
Sales CAGR, 3 years2.0%
Profit CAGR, 3 years1.0%
EPS, TTMn/a

At the close of 8 October 2026

Price$44.44
Market cap$4.5 billion
Stock P/En/a
Price to book4.48
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales3.75
52-week high$53.57
52-week low$30.13
Price, 1 year-17.0%
Price CAGR, 3 years-8.4%
Price CAGR, 5 years-15.7%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on the borrowing lines of Trex Co. Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
TREXgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on TREX

Filings25 in twelve months: 18 current reports (8-K), about 9 results of operations; 5 officer or director change; 3 regulation fd disclosure; 3 other events; 2 material agreement
Planned insider sales2 Form 144 notices in twelve months, $122,437; latest 7 August 2026
Options tapeput/call 0.58 by open interest at the 8 October 2026 close; the straddle prices a 7.5% move to 16 October 2026
13F holders8 of the followed funds hold it; largest Millennium Management; 10 Schedule 13D or 13G filings in twelve months
Insider trading2 sales and 5 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest10.1 million shares short, 6.49 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 9 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue304196374376234168340388285161343418
Cost of revenue17312520420814196.7202230170n/a204260
Gross profit13170.617016893.271.0138158115n/a139158
Gross margin43%36%45%45%40%42%41%41%40%n/a40%38%
SG&A44.542.550.651.238.939.356.155.745.045.255.567.5
Operating income86.428.111911754.331.781.710270.4n/a83.586.2
Operating margin28%14%32%31%23%19%24%26%25%n/a24%21%
Pre-tax income87.130.711911754.331.781.610270.4n/a83.583.9
Tax rate25%28%25%26%25%31%26%26%26%n/a26%26%
Net income65.322.089.187.040.621.860.475.951.8n/a61.461.9
Net margin21%11%24%23%17%13%18%20%18%n/a18%15%
Diluted EPS$0.60$0.20$0.82$0.80$0.37$0.20$0.56$0.71$0.48n/a$0.58$0.60
Operating cash flow180101-174194133-8.5-15425019765.5-118214
Capital expenditure30.653.237.735.578.380.979.546.853.943.423.129.6
Free cash flow15048.0-21215854.5-89.3-23320314322.1-142185
Buybacks0.20.05.10.450.150.34.00.00.050.482.870.7
Shares outstanding109m109m109m109m108m107m107m107m107m106m104m102m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015FY2016 †FY2017FY2018 †FY2019 †FY2020FY2021FY2022 †FY2023 †FY2024 †FY2025TTM
Revenue3924414805656847458811,1971,1061,0951,1511,1741,208
Cost of revenue251286293322389439521736702644650714n/a
Gross profit140155187243295307359461404451502460n/a
Gross margin35.8%35.1%39.0%43.1%43.1%41.1%40.8%38.5%36.5%41.2%43.6%39.2%n/a
Research and development2.31.53.73.84.53.43.46.00.53.33.54.2n/a
Selling, general and administrative72.477.583.1101118118126140142176180202213
Operating income67.877.4104142177188234275247275322258n/a
Operating margin17.3%17.6%21.7%25.2%25.8%25.2%26.5%23.0%22.3%25.1%28.0%22.0%n/a
Interest expense0.90.61.10.5n/an/an/an/an/an/an/an/an/a
Pre-tax income66.976.8103142177190235275247275322258n/a
Income tax25.428.735.046.842.345.059.066.762.270.583.567.5n/a
Effective tax rate38.0%37.4%34.0%33.0%23.9%23.7%25.1%24.2%25.2%25.7%25.9%26.2%n/a
Net income41.548.167.895.1135145176209185204238190n/a
Net margin10.6%10.9%14.1%16.8%19.7%19.4%19.9%17.4%16.7%18.6%20.7%16.2%n/a
Diluted EPS$0.32$0.38$0.57$0.81$1.14$1.24$1.51$1.80$1.65$1.88$2.20$1.78n/a
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014FY2015FY2016 †FY2017FY2018 †FY2019 †FY2020FY2021FY2022 †FY2023 †FY2024 †FY2025TTM
Operating cash flow58.662.685.3102138156187258216389144358358
Capital expenditure13.023.314.615.033.867.3173159176166232224150
Free cash flow45.739.370.786.810489.114.598.740.0223-88.4135208
Free cash flow margin11.7%8.9%14.7%15.4%15.2%12.0%1.6%8.2%3.6%20.4%-7.7%11.5%17.2%
Cash from investingn/an/a-10.2-86.8-33.7-67.2-171-158-169-166-237-233-159
Cash from financingn/an/a-62.4-3.2-29.2-46.0-43.8-80.7-176-23491.9-122-198
Depreciation and amortisation15.214.414.516.916.614.017.935.944.350.254.763.070.6
Share-based compensation4.84.94.85.26.36.97.18.45.310.212.69.19.3
Buybacks53.253.355.23.630.146.544.982.539818.410654.5204
Diluted shares, weighted131m127m118m118m118m117m116m116m112m109m108m107m102m
Shares outstanding at period end128m124m118m118m117m116m116m115m109m109m107m106m102m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015FY2016 †FY2017FY2018 †FY2019 †FY2020FY2021FY2022 †FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity1131161342313434495897255457428871,0341,010
Debt0.07.00.00.00.00.00.00.02225.5203134253
Operating lease liabilitiesn/an/an/an/a0.034.228.628.324.018.842.041.837.8
Other liabilities82.488.587.395.0122109153167143167242244326
Total liabilities and equity1962122213264655927709209349331,3741,4531,626
Owned
Fixed assets98.71011031031171713374605907099231,0501,054
Goodwill10.510.510.568.568.568.568.514.2n/an/a14.214.2n/a
Intangible assetsn/an/an/a2.96.0n/an/an/an/an/a7.817.3n/a
Cash and equivalents9.56.018.730.510614912214112.32.01.33.86.5
Receivables36.447.448.066.991.278.510715198.141.188.448.1263
Inventory23.723.128.534.557.856.168.283.8141107257239190
Other assets16.924.112.419.918.869.068.869.892.173.382.581.6113
Total assets1962122213264655927709209349331,3741,4531,626
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded10.3%5.9%2.0%7.0%
Profit growth, compounded14.8%1.6%1.0%n/a
Return on equity, average32.9%27.1%24.3%18.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Construction Materials

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Stanley Black & Decker, Inc. SWK$13.5 billion21.756.9%5.6%0.6%0.533.7%
Crane Co. CR$11.7 billion35.3415.4%17.9%16.3%0.500.5%
Watts Water Technologies Inc. WTS$11.6 billion30.3217.5%19.1%17.1%0.050.6%
Owens Corning OC$9.3 billionn/an/an/an/a1.362.4%
Valmont Industries Inc. VMI$9.0 billion18.2728.7%13.7%3.8%0.420.6%
Simpson Manufacturing Co., Inc. SSD$7.0 billion18.7917.9%20.6%6.5%0.140.7%
Eagle Materials Inc. EXP$5.2 billion13.2327.1%n/a1.7%1.170.6%
Fortune Brands Innovations, Inc. FBIN$4.6 billion31.326.4%6.8%-2.3%1.112.6%
Louisiana-Pacific Corp. LPX$4.6 billion82.353.1%3.0%-14.4%0.200.4%
Trex Co. Inc. TREX$4.5 billionn/an/an/a7.0%0.25n/a
UFP Industries Inc. UFPI$4.2 billion17.538.2%5.1%-4.7%0.081.8%
Crane Nxt, Co. CXT$2.8 billion19.9011.1%14.0%17.3%0.991.4%
All 16 in Construction Materials
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Parker-Hannifin Corp. PH$119.4 billion33.2423.7%23.6%8.3%0.490.8%
CRH Public Ltd. Co. CRH$54.5 billion14.4416.0%14.3%6.3%0.741.8%
Snap-on Inc. SNA$18.6 billion18.3017.1%25.4%4.0%0.202.5%
Masco Corp. MAS$13.7 billion15.98n/a17.5%-0.6%n/a1.8%
Stanley Black & Decker, Inc. SWK$13.5 billion21.756.9%5.6%0.6%0.533.7%
Crane Co. CR$11.7 billion35.3415.4%17.9%16.3%0.500.5%
Watts Water Technologies Inc. WTS$11.6 billion30.3217.5%19.1%17.1%0.050.6%
Owens Corning OC$9.3 billionn/an/an/an/a1.362.4%
Valmont Industries Inc. VMI$9.0 billion18.2728.7%13.7%3.8%0.420.6%
Simpson Manufacturing Co., Inc. SSD$7.0 billion18.7917.9%20.6%6.5%0.140.7%
Eagle Materials Inc. EXP$5.2 billion13.2327.1%n/a1.7%1.170.6%
Fortune Brands Innovations, Inc. FBIN$4.6 billion31.326.4%6.8%-2.3%1.112.6%
Louisiana-Pacific Corp. LPX$4.6 billion82.353.1%3.0%-14.4%0.200.4%
Trex Co. Inc. TREX$4.5 billionn/an/an/a7.0%0.25n/a
UFP Industries Inc. UFPI$4.2 billion17.538.2%5.1%-4.7%0.081.8%
Crane Nxt, Co. CXT$2.8 billion19.9011.1%14.0%17.3%0.991.4%
1 company shares its SEC industry code (Lumber & Wood Products (No Furniture)); the rest are the names nearest in size in its wider industry, Construction Materials, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20264 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202525 February 2026EDGAR
10-Q30 September 20254 November 2025EDGAR
10-Q30 June 20254 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202424 February 2025EDGAR
10-Q30 September 202428 October 2024EDGAR
10-Q30 June 20246 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR

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