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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.17B | $1.15B | $1.09B | $1.11B | $1.20B | $880.83M |
| Cost of Revenue | $714.30M | $665.78M | $642.43M | $702.05M | $736.45M | $521.37M |
| Gross Profit | $459.96M | $485.67M | $452.41M | $403.99M | $460.50M | $359.46M |
| R&D | $4.20M | $3.50M | $3.30M | $6.00M | - | $3.40M |
| SG&A | $202.00M | $180.00M | $176.20M | $141.83M | $139.62M | $125.82M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $62.96M | $54.67M | $50.19M | $44.30M | $35.95M | $17.94M |
| Operating Income | $257.96M | $305.67M | $276.20M | $246.74M | $275.38M | $233.63M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $67.55M | $79.29M | $70.81M | $62.21M | $66.65M | $59.00M |
| Net Income | $190.41M | $226.39M | $205.38M | $184.63M | $208.74M | $175.63M |
| EPS - Basic | $1.78 | $2.09 | $1.89 | $1.65 | $1.81 | $1.52 |
| EPS - Diluted | $1.78 | $2.09 | $1.89 | $1.65 | $1.80 | $1.51 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.81M | $1.29M | $1.96M | $12.32M | $141.05M | $121.70M |
| Accounts Receivable | $48.09M | $88.36M | $41.14M | $98.06M | $151.10M | $106.75M |
| Inventory | $238.66M | $207.28M | $107.09M | $141.35M | $83.75M | $68.24M |
| Accounts Payable | $34.76M | $61.27M | $23.96M | $19.93M | $24.86M | $38.62M |
| Current Assets | $310.41M | $318.91M | $172.25M | $286.84M | $401.05M | $322.00M |
| Total Assets | $1.45B | $1.32B | $932.88M | $933.71M | $920.32M | $770.49M |
| Current Liabilities | $250.71M | $342.48M | $91.06M | $290.60M | $88.70M | $106.35M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $419.18M | $474.16M | $216.21M | $415.36M | $195.29M | $181.96M |
| Stockholders' Equity | $1.03B | $850.14M | $716.67M | $518.35M | $725.03M | $588.53M |
| Retained Earnings | $1.79B | $1.56B | $1.34B | $1.13B | $946.05M | $737.31M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $358.11M | $143.93M | $389.42M | $216.22M | $258.06M | $187.29M |
| Investing Cash Flow | ($233.22M) | ($236.53M) | ($166.09M) | ($168.88M) | ($158.04M) | ($170.66M) |
| Financing Cash Flow | ($122.38M) | $91.94M | ($233.70M) | ($176.06M) | ($80.67M) | ($43.77M) |
| CapEx | $223.59M | $232.34M | $166.09M | $176.23M | $159.39M | $172.82M |
| Free Cash Flow | $134.52M | ($88.41M) | $223.33M | $39.99M | $98.67M | $14.47M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 39.2% | 42.2% | 41.3% | 36.5% | 38.5% | 40.8% |
| Operating margin | 22.0% | 26.5% | 25.2% | 22.3% | 23.0% | 26.5% |
| EBITDA margin | 27.3% | 31.3% | 29.8% | 26.3% | 26.0% | 28.6% |
| Net margin | 16.2% | 19.7% | 18.8% | 16.7% | 17.4% | 19.9% |
| Free cash flow margin | 11.5% | -7.7% | 20.4% | 3.6% | 8.2% | 1.6% |
| FCF / Net income | 0.71 | -0.39 | 1.09 | 0.22 | 0.47 | 0.08 |
| R&D / Revenue | 0.4% | 0.3% | 0.3% | 0.5% | - | 0.4% |
| SG&A / Revenue | 17.2% | 15.6% | 16.1% | 12.8% | 11.7% | 14.3% |
| Effective tax rate | 26.2% | 25.9% | 25.6% | 25.2% | 24.2% | 25.1% |
| Return on assets | 13.1% | 17.1% | 22.0% | 19.8% | 22.7% | 22.8% |
| Return on equity | 18.4% | 26.6% | 28.7% | 35.6% | 28.8% | 29.8% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.24 | 0.93 | 1.89 | 0.99 | 4.52 | 3.03 |
| Quick ratio | 0.29 | 0.33 | 0.72 | 0.50 | 3.58 | 2.39 |
| Cash ratio | 0.02 | 0.00 | 0.02 | 0.04 | 1.59 | 1.14 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.41 | 1.56 | 1.30 | 1.80 | 1.27 | 1.31 |
| Liabilities / Assets | 0.29 | 0.36 | 0.23 | 0.44 | 0.21 | 0.24 |
| Efficiency | ||||||
| Asset turnover | 0.81 | 0.87 | 1.17 | 1.18 | 1.30 | 1.14 |
| Inventory turnover | 2.99 | 3.21 | 6.00 | 4.97 | 8.79 | 7.64 |
| Days sales outstanding | 15d | 28d | 14d | 32d | 46d | 44d |
| Days inventory outstanding | 122d | 114d | 61d | 73d | 42d | 48d |
| Days payable outstanding | 18d | 34d | 14d | 10d | 12d | 27d |
| Cash conversion cycle | 119d | 108d | 61d | 95d | 75d | 65d |
| Valuation | ||||||
| P / E | 19.7x | 33.0x | 43.8x | 25.7x | 75.0x | 55.4x |
| P / B | 3.6x | 8.8x | 12.6x | 9.1x | 21.6x | 16.5x |
| P / S | 3.2x | 6.5x | 8.2x | 4.3x | 13.1x | 11.0x |
| EV / EBITDA | 11.7x | 20.7x | 27.6x | 16.2x | 49.8x | 38.2x |
| Growth | ||||||
| Revenue growth (YoY) | 2.0% | 5.2% | -1.0% | -7.6% | 35.9% | 18.2% |
| Revenue CAGR (3y) | 2.0% | -1.3% | 7.5% | 14.1% | 35.6% | 15.9% |
| Revenue CAGR (5y) | 5.9% | 9.1% | 17.9% | 14.4% | 20.1% | 14.8% |
| Gross profit growth (YoY) | -5.3% | 7.4% | 12.0% | -12.3% | 28.1% | 17.3% |
| Operating income growth (YoY) | -15.6% | 10.7% | 11.9% | -10.4% | 17.9% | 24.1% |
| Net income growth (YoY) | -15.9% | 10.2% | 11.2% | -11.6% | 18.8% | 21.3% |
| EPS growth (YoY) | -14.8% | 10.6% | 14.5% | -8.3% | 19.2% | -38.9% |
| EPS CAGR (3y) | 2.6% | 5.1% | 7.8% | -12.6% | -7.6% | -22.3% |
| EPS CAGR (5y) | 3.3% | -3.3% | -3.7% | -12.5% | -4.7% | -0.1% |
| FCF growth (YoY) | - | - | 458.4% | -59.5% | 581.8% | -83.8% |
| FCF CAGR (5y) | 56.2% | - | 34.1% | -14.4% | 6.9% | -18.1% |
| Book value growth (YoY) | 21.7% | 18.6% | 38.3% | -28.5% | 23.2% | 31.0% |
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
3.47
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
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.