TREXNYSELumber & Wood Products (No Furniture)Fiscal year ends December 31
TREX CO INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$46.49+0.76 (+1.66%)
Close on Oct 19, 2026
- Market cap
- $4.76B
- P/E (TTM)
- 27.7
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
39.2%−1.6 pts over 5 years
Operating margin
22.0%−4.6 pts over 5 years
Net margin
16.2%−3.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2.0% | +2.0% | +5.9% | +10.3% | |
| Gross profit | -8.4% | +4.4% | +5.1% | +11.5% | |
| Operating income | -19.9% | +1.5% | +2.0% | +12.8% | |
| Net income | -20.1% | +1.0% | +1.6% | +14.8% | |
| EPS, diluted | -19.1% | +2.6% | +3.3% | +16.7% | |
| Free cash flow | – | +49.8% | +56.2% | +13.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 54.1% | 33.8% | 19.8% | |
| Return on assets | 31.3% | 25.8% | 13.5% | |
| Current ratio | 2.06 | 3.03 | 1.24 | |
| Interest coverage | 92.4× | – | – | |
| Inventory turnover | 11.3× | 8.4× | 2.9× | |
| Capex to revenue | 3.0% | 19.6% | 19.0% | |
| Diluted shares | 118M | 116M | 107M |
Where the cash went
Fiscal 2021 to 2025, five years combined
TREX generated $1.37B from operations and spent $1.62B on capital expenditure, dividends and share buybacks. 59% of that went back into the business.
Generated
$1.37B
Used
$1.62B
Capital expenditure$957.64M59%Dividends$00%Share buybacks$659.72M41%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin16.2%
×Asset turnover0.83×
×Equity multiplier1.47×
=Return on equity, FY202519.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 16.2% | 0.83× | 1.47× | 19.8% |
| FY2024 | 20.7% | 1.00× | 1.42× | 29.3% |
| FY2023 | 18.6% | 1.17× | 1.45× | 31.7% |
| FY2022 | 16.7% | 1.19× | 1.46× | 29.1% |
| FY2021 | 17.4% | 1.42× | 1.29× | 31.8% |
| FY2020 | 19.9% | 1.29× | 1.31× | 33.8% |
| FY2019 | 19.4% | 1.41× | 1.33× | 36.5% |
| FY2018 | 19.7% | 1.73× | 1.38× | 46.9% |
| FY2017 | 16.8% | 2.06× | 1.50× | 52.1% |
| FY2016 | 14.1% | 2.21× | 1.73× | 54.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$190.42M
- Cash generatingOperating cash flow above zero$358.11M
- Return on assets improvedROA up on the prior year25.6% → 13.9%
- Earnings backed by cashOperating cash flow above net income$358.11M vs $190.42M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.08 → 1.24
- No dilutionShare count did not rise108M → 107M
- Gross margin improvedGross margin up on the prior year43.59% → 39.17%
- More efficientAsset turnover rose1.23 → 0.85