TREX · Trex Co Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $343.40M | - | $285.35M | $387.80M | $339.99M | - | $233.72M | $376.47M | $373.63M | - |
| Cost of Revenue | $204.38M | - | $169.91M | $229.67M | $202.26M | - | $140.51M | $208.36M | $204.02M | - |
| Gross Profit | $139.02M | - | $115.44M | $158.13M | $137.73M | - | $93.20M | $168.11M | $169.61M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $55.52M | - | $45.04M | $55.73M | $56.07M | - | $38.90M | $51.21M | $50.60M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $18.37M | - | - | - | $14.25M | - | - | - | $14.15M | - |
| Operating Income | $83.50M | - | $70.40M | $102.40M | $81.66M | - | $54.30M | $116.90M | $119.01M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $22.10M | - | $18.63M | $26.57M | $21.15M | - | $13.76M | $29.91M | $29.95M | - |
| Net Income | $61.40M | - | $51.77M | $75.91M | $60.43M | - | $40.55M | $87.00M | $89.07M | - |
| EPS - Basic | $0.58 | - | $0.48 | $0.71 | $0.56 | - | $0.37 | $0.80 | $0.82 | - |
| EPS - Diluted | $0.58 | - | $0.48 | $0.71 | $0.56 | - | $0.37 | $0.80 | $0.82 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.49M | $3.81M | $11.36M | $5.52M | $4.96M | $1.29M | $12.84M | $1.17M | $3.05M | $1.96M |
| Accounts Receivable | $326.93M | $48.09M | $164.00M | $291.23M | $391.06M | $88.36M | $140.06M | $270.04M | $373.47M | $41.14M |
| Inventory | $229.58M | $238.66M | $149.55M | $141.84M | $176.42M | $207.28M | $187.94M | $148.86M | $123.89M | $107.09M |
| Accounts Payable | $65.94M | $34.76M | $47.46M | $66.92M | $45.58M | $61.27M | $61.48M | $59.27M | $49.35M | $23.96M |
| Current Assets | $580.03M | $310.41M | $337.79M | $453.46M | $592.19M | $318.91M | $352.72M | $433.81M | $513.37M | $172.25M |
| Total Assets | $1.73B | $1.45B | $1.45B | $1.54B | $1.64B | $1.32B | $1.27B | $1.27B | $1.29B | $932.88M |
| Current Liabilities | $566.40M | $250.71M | $282.18M | $419.36M | $601.56M | $342.48M | $251.22M | $244.40M | $369.19M | $91.06M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $734.05M | $419.18M | $410.00M | $548.60M | $731.12M | $474.16M | $379.32M | $375.03M | $488.81M | $216.21M |
| Stockholders' Equity | $995.76M | $1.03B | $1.04B | $989.26M | $910.08M | $850.14M | $887.90M | $894.90M | $804.15M | $716.67M |
| Retained Earnings | $1.85B | $1.79B | $1.75B | $1.70B | $1.62B | $1.56B | $1.55B | $1.51B | $1.43B | $1.34B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($118.42M) | - | - | - | ($154.01M) | - | - | - | ($174.04M) | - |
| Investing Cash Flow | ($24.91M) | - | - | - | ($79.97M) | - | - | - | ($37.61M) | - |
| Financing Cash Flow | $144.02M | - | - | - | $237.65M | - | - | - | $212.75M | - |
| CapEx | $23.11M | - | - | - | $79.49M | - | - | - | $37.72M | - |
| Free Cash Flow | ($141.53M) | - | - | - | ($233.50M) | - | - | - | ($211.76M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 40.5% | - | 40.5% | 40.8% | 40.5% | - | 39.9% | 44.7% | 45.4% | - |
| Operating margin | 24.3% | - | 24.7% | 26.4% | 24.0% | - | 23.2% | 31.1% | 31.9% | - |
| EBITDA margin | 29.7% | - | - | - | 28.2% | - | - | - | 35.6% | - |
| Net margin | 17.9% | - | 18.1% | 19.6% | 17.8% | - | 17.4% | 23.1% | 23.8% | - |
| Free cash flow margin | -41.2% | - | - | - | -68.7% | - | - | - | -56.7% | - |
| FCF / Net income | -2.30 | - | - | - | -3.86 | - | - | - | -2.38 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 16.2% | - | 15.8% | 14.4% | 16.5% | - | 16.6% | 13.6% | 13.5% | - |
| Effective tax rate | 26.5% | - | 26.5% | 25.9% | 25.9% | - | 25.3% | 25.6% | 25.2% | - |
| Return on assets | 3.5% | - | 3.6% | 4.9% | 3.7% | - | 3.2% | 6.9% | 6.9% | - |
| Return on equity | 6.2% | - | 5.0% | 7.7% | 6.6% | - | 4.6% | 9.7% | 11.1% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.02 | 1.24 | 1.20 | 1.08 | 0.98 | 0.93 | 1.40 | 1.78 | 1.39 | 1.89 |
| Quick ratio | 0.62 | 0.29 | 0.67 | 0.74 | 0.69 | 0.33 | 0.66 | 1.17 | 1.05 | 0.72 |
| Cash ratio | 0.01 | 0.02 | 0.04 | 0.01 | 0.01 | 0.00 | 0.05 | 0.00 | 0.01 | 0.02 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.74 | 1.41 | 1.39 | 1.55 | 1.80 | 1.56 | 1.43 | 1.42 | 1.61 | 1.30 |
| Liabilities / Assets | 0.42 | 0.29 | 0.28 | 0.36 | 0.45 | 0.36 | 0.30 | 0.30 | 0.38 | 0.23 |
| Efficiency | ||||||||||
| Asset turnover | 0.20 | - | 0.20 | 0.25 | 0.21 | - | 0.18 | 0.30 | 0.29 | - |
| Inventory turnover | 0.89 | - | 1.14 | 1.62 | 1.15 | - | 0.75 | 1.40 | 1.65 | - |
| Days sales outstanding | 347d | - | 210d | 274d | 420d | - | 219d | 262d | 365d | - |
| Days inventory outstanding | 410d | - | 321d | 225d | 318d | - | 488d | 261d | 222d | - |
| Days payable outstanding | 118d | - | 102d | 106d | 82d | - | 160d | 104d | 88d | - |
| Cash conversion cycle | 640d | - | 429d | 393d | 656d | - | 547d | 419d | 498d | - |
| Valuation | ||||||||||
| P / E | 62.8x | - | 107.6x | 76.6x | 103.7x | - | 179.9x | 92.7x | 121.6x | - |
| P / B | 3.8x | - | 5.3x | 5.9x | 6.8x | - | 8.1x | 9.0x | 13.5x | - |
| P / S | 11.1x | - | 19.4x | 15.0x | 18.3x | - | 30.9x | 21.4x | 29.0x | - |
| EV / EBITDA | 37.5x | - | - | - | 64.9x | - | - | - | 81.5x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 1.0% | - | 22.1% | 3.0% | -9.0% | - | -23.1% | 5.6% | 56.5% | - |
| Revenue CAGR (3y) | 12.9% | - | 14.8% | 0.1% | 0.1% | - | -11.4% | 6.5% | 15.0% | - |
| Revenue CAGR (5y) | 6.9% | - | 4.3% | 11.9% | 11.2% | - | 3.7% | 12.8% | 15.8% | - |
| Gross profit growth (YoY) | 0.9% | - | 23.9% | -5.9% | -18.8% | - | -28.8% | 7.5% | 79.6% | - |
| Operating income growth (YoY) | 2.3% | - | 29.6% | -12.4% | -31.4% | - | -37.1% | 11.6% | 109.0% | - |
| Net income growth (YoY) | 1.6% | - | 27.7% | -12.7% | -32.1% | - | -37.9% | 12.9% | 116.6% | - |
| EPS growth (YoY) | 3.6% | - | 29.7% | -11.3% | -31.7% | - | -38.3% | 12.7% | 115.8% | - |
| EPS CAGR (3y) | 15.1% | - | 54.6% | -3.5% | -3.3% | - | -16.7% | 14.7% | 25.0% | - |
| EPS CAGR (5y) | 6.7% | - | 5.3% | -2.6% | -5.2% | - | -12.5% | 5.6% | 8.7% | - |
| FCF growth (YoY) | 39.4% | - | - | - | -10.3% | - | - | - | -36.9% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 9.4% | 21.7% | 17.4% | 10.5% | 13.2% | 18.6% | 28.4% | 43.5% | 43.6% | 38.3% |
Peer comparison
Same SIC group: Lumber & Wood Products (No Furniture)
Comparing TREX CO INC against the 3 most active filers in the same SIC group.