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TREX

Trex Company, Inc.

TREX

Trex Company, Inc. • NYSE
$34.98 ▲ 0.14% (+0.05)
Market Cap $3.75 B
52w High $80.74
52w Low $29.77
Dividend Yield 0%
P/E 19.01
Volume 832.76K
Outstanding Shares 107.25M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $285.348M ▼ $45.041M ▼ $51.77M ▼ 18.143% ▼ $0.48 ▼ $86.409M ▼
Q2-2025 $387.801M ▲ $55.734M ▼ $75.909M ▲ 19.574% ▲ $0.71 ▲ $118.206M ▲
Q1-2025 $339.993M ▲ $56.068M ▲ $60.434M ▲ 17.775% ▲ $0.56 ▲ $95.912M ▲
Q4-2024 $167.627M ▼ $39.287M ▲ $9.772M ▼ 5.83% ▼ $0.09 ▼ $28.907M ▼
Q3-2024 $233.717M $38.901M $40.553M 17.351% $0.37 $67.916M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $11.357M ▲ $1.452B ▼ $409.996M ▼ $1.042B ▲
Q2-2025 $5.523M ▲ $1.538B ▼ $548.599M ▼ $989.256M ▲
Q1-2025 $4.963M ▲ $1.641B ▲ $731.12M ▲ $910.079M ▲
Q4-2024 $1.292M ▼ $1.324B ▲ $474.156M ▲ $850.142M ▼
Q3-2024 $12.838M $1.267B $379.316M $887.904M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $51.77M ▼ $196.888M ▼ $-57.149M ▼ $-133.905M ▲ $5.834M ▲ $328.064M ▲
Q2-2025 $75.909M ▲ $249.752M ▲ $-51.022M ▲ $-198.17M ▼ $560K ▼ $198.697M ▲
Q1-2025 $60.434M ▲ $-154.013M ▼ $-79.965M ▲ $237.649M ▲ $3.671M ▲ $-234.134M ▼
Q4-2024 $9.772M ▼ $-8.473M ▼ $-85.16M ▼ $82.087M ▲ $-11.546M ▼ $-93.633M ▼
Q3-2024 $40.552M $132.761M $-78.279M $-42.816M $11.666M $54.482M

Five-Year Company Overview

Income Statement

Income Statement Trex’s income statement shows a company that is consistently profitable with healthy margins. Sales have grown over time, with a surge earlier in the decade, a brief cooling period, and then a return to growth more recently. Even when revenue paused or dipped slightly, profits and earnings per share kept rising, which suggests solid pricing power and good cost control. Overall, Trex looks like a high-margin, well-managed business in a cyclical construction market, though its results will still be influenced by housing and renovation trends.

Balance Sheet

Balance Sheet The balance sheet reflects a business that has been building up its asset base and shareholder equity over the past five years. Debt has moved up and down but remains moderate relative to the size of the company, suggesting leverage is being used as a tool, not a crutch. Cash on hand has come down recently, which likely reflects investment in capacity and operations rather than financial stress, but it does reduce the immediate cushion for shocks. In broad terms, Trex appears to have a solid financial foundation with growing equity and manageable obligations.

Cash Flow

Cash Flow Trex consistently generates cash from its operations, which is an important sign that reported profits are backed by real cash. However, the company has been spending heavily on capital investments, especially most recently, which pushed free cash flow negative in the latest year. That pattern points to a deliberate choice to invest for future growth and efficiency rather than hoard cash. The trade-off is that near-term cash is tighter, so the success of these investments in driving future sales and margins becomes more important.

Competitive Edge

Competitive Edge Trex holds a leading position in composite decking and railing, with a very strong brand that many homeowners and contractors recognize by name. Its main long-term battle is not just with other composite makers but with traditional wood, and Trex’s durability, low maintenance, and sustainability message help it compete effectively. The company’s wide distribution network through major home improvement retailers and dealers gives it broad reach that is hard for smaller rivals to match. This strong position is a clear advantage, though it is still exposed to the ups and downs of construction and remodeling markets and to any shifts in building material preferences.

Innovation and R&D

Innovation and R&D Trex’s growth story is closely tied to innovation rather than just price competition. It pioneered using recycled plastics and wood fibers to create composite decking and has kept improving the technology with protective shells, better aesthetics, and features like cooler-surface boards. The company offers a tiered product range, from entry-level to luxury lines, and has expanded into a broader outdoor living ecosystem with railings, lighting, and accessories. Ongoing product refreshes, new premium lines, and sustainability-focused innovation support its brand and pricing power, but Trex must continue investing and executing well to stay ahead of competitors that are chasing the same trends.

Summary

Overall, Trex looks like a financially strong, high-margin niche leader in a specialized corner of the construction market. The company combines solid profitability with a growing asset base, albeit with more investment and less cash on hand in the latest year. Its competitive strengths—brand, scale, distribution, and sustainability positioning—give it meaningful advantages versus both traditional wood and other composites. The key uncertainties revolve around the health of housing and renovation demand, the payoff from recent heavy capital spending, and the pace at which consumers continue shifting from wood to composite products. If Trex can maintain its innovation edge and capitalize on that conversion trend, it has room to keep growing within its category, while still needing to navigate the normal cycles and risks of the construction industry.

NEWS

November 26, 2025 · 1:49 PM UTC

Trex Named “The Coolest Thing Made in Virginia” by Virginia Manufacturing Association

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November 24, 2025 · 12:28 PM UTC

Trex Company, Inc. (TREX) Faces Investor Scrutiny Amid Disappointing Q3, Revised 2025 Sales Growth to Flat -- Hagens Berman

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November 20, 2025 · 10:00 AM UTC

INVESTOR ALERT: Pomerantz Law Firm Investigates ClaimsOn Behalf of Investors of Trex Company, Inc. - TREX

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November 19, 2025 · 5:47 PM UTC

Bragar Eagel & Squire, P.C. Is Investigating Trex, United Homes Group, and Nidec and Encourages Investors to Contact the Firm

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November 19, 2025 · 3:31 PM UTC

Securities Fraud Investigation Into Trex Company, Inc. (TREX) Continues – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz

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