NYSE : TREX
Trex Company, Inc. — Financial statements
Industrials · Building Products & Equipment · United States
Last price 51.14 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.21B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Trex Company, Inc. (TREX) reported revenue of 1.21B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.21B | 1.17B | 1.15B | 1.09B | 1.11B | 1.20B |
| Cost of Revenue | 746.43M | 714.30M | 649.55M | 644.04M | 702.05M | 736.45M |
| Gross Profit | 461.47M | 459.96M | 501.90M | 450.80M | 403.99M | 460.50M |
| Selling, General & Admin | 209.00M | 197.80M | 176.50M | 172.90M | 141.33M | 133.62M |
| Research & Development | 4.20M | 4.20M | 3.50M | 3.30M | 500.00K | 6.00M |
| Operating Expenses | 217.87M | 202.00M | 180.00M | 176.20M | 141.83M | 139.62M |
| Operating Income | 243.60M | 257.96M | 321.90M | 274.59M | 262.16M | 320.88M |
| Interest Expense | -2.33M | -5.00K | ||||
| Interest & Investment Income | 11.00K | 103.00K | 15.00K | |||
| EBT Excluding Unusual Items | 241.27M | 257.96M | 321.91M | 274.59M | 262.26M | 320.89M |
| Impairment of Goodwill | -54.24M | |||||
| Gain (Loss) on Sale of Assets | -15.42M | |||||
| Pretax Income | 241.27M | 257.96M | 321.91M | 274.59M | 246.84M | 275.39M |
| Income Tax Expense | 63.92M | 67.55M | 83.47M | 70.47M | 62.21M | 66.65M |
| Net Income | 177.35M | 190.41M | 238.45M | 204.12M | 184.63M | 208.74M |
| Net Income to Common | 177.35M | 190.41M | 238.45M | 204.12M | 184.63M | 208.74M |
| Shares Outstanding (Basic) | 105.25M | 107.01M | 108.19M | 108.68M | 111.71M | 115.46M |
| Shares Outstanding (Diluted) | 105.33M | 107.10M | 108.32M | 108.81M | 111.88M | 115.76M |
| EPS (Basic) | 1.69 | 1.78 | 2.20 | 1.88 | 1.65 | 1.81 |
| EPS (Diluted) | 1.69 | 1.78 | 2.20 | 1.88 | 1.65 | 1.80 |
| Free Cash Flow | 208.06M | 134.52M | -88.41M | 223.33M | 39.99M | 98.67M |
| Free Cash Flow Per Share | 1.98 | 1.26 | -0.82 | 2.05 | 0.36 | 0.85 |
| Gross Margin | 38.20% | 39.17% | 43.59% | 41.17% | 36.53% | 38.47% |
| Operating Margin | 20.17% | 21.97% | 27.96% | 25.08% | 23.70% | 26.81% |
| Profit Margin | 14.68% | 16.22% | 20.71% | 18.64% | 16.69% | 17.44% |
| Free Cash Flow Margin | 17.22% | 11.46% | -7.68% | 20.40% | 3.62% | 8.24% |
| EBITDA | 312.83M | 320.22M | 376.17M | 324.38M | 306.06M | 356.43M |
| EBITDA Margin | 25.90% | 27.27% | 32.67% | 29.63% | 27.67% | 29.78% |
| D&A For EBITDA | 69.24M | 62.26M | 54.27M | 49.79M | 43.90M | 35.55M |
| EBIT | 243.60M | 257.96M | 321.90M | 274.59M | 262.16M | 320.88M |
| EBIT Margin | 20.17% | 21.97% | 27.96% | 25.08% | 23.70% | 26.81% |
| Effective Tax Rate | 26.49% | 26.19% | 25.93% | 25.66% | 25.20% | 24.20% |
| Advertising Expenses | 61.00M | 53.50M | 48.80M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.47M | 3.81M | 1.29M | 1.96M | 12.32M | 141.05M |
| Cash & Short-Term Investments | 6.47M | 3.81M | 1.29M | 1.96M | 12.32M | 141.05M |
| Accounts Receivable | 262.55M | 48.09M | 88.36M | 41.14M | 98.06M | 160.21M |
| Other Receivables | 2.15M | 9.61M | 23.98M | 406.00K | ||
| Receivables | 262.55M | 50.24M | 88.36M | 50.75M | 122.04M | 160.61M |
| Inventory | 189.64M | 238.66M | 256.95M | 107.09M | 141.35M | 83.75M |
| Prepaid Expenses | 18.37M | 17.17M | 21.35M | 11.83M | 10.79M | 15.06M |
| Other Current Assets | 511.00K | 523.00K | 625.00K | 629.00K | 339.00K | 576.00K |
| Total Current Assets | 477.55M | 310.41M | 368.58M | 172.25M | 286.84M | 401.05M |
| Property, Plant & Equipment | 1.10B | 1.10B | 975.06M | 735.63M | 620.88M | 494.94M |
| Goodwill | 15.40M | 14.21M | 14.22M | 14.26M | 14.18M | 14.20M |
| Other Intangible Assets | 19.62M | 17.31M | 7.83M | 3.90M | 4.40M | 4.80M |
| Other Long-Term Assets | 10.50M | 9.14M | 8.28M | 6.83M | 7.40M | 5.33M |
| Total Assets | 1.63B | 1.45B | 1.37B | 932.88M | 933.71M | 920.32M |
| Accounts Payable | 60.66M | 34.76M | 61.27M | 23.96M | 19.93M | 24.86M |
| Accrued Expenses | 81.78M | 50.58M | 41.91M | 44.74M | 31.27M | 46.00M |
| Short-Term Debt | 253.00M | 133.50M | 202.60M | 5.50M | 222.00M | |
| Current Portion of Leases | 12.57M | 12.08M | 10.80M | 7.66M | 7.49M | 7.07M |
| Current Income Taxes Payable | 26.45M | 3.44M | 917.00K | |||
| Current Unearned Revenue | 1.44M | |||||
| Other Current Liabilities | 15.46M | 16.35M | 24.98M | 9.20M | 9.91M | 9.34M |
| Total Current Liabilities | 449.91M | 250.71M | 342.48M | 91.06M | 290.60M | 88.70M |
| Long-Term Leases | 37.80M | 41.76M | 41.98M | 18.84M | 23.97M | 28.26M |
| Long-Term Deferred Tax Liabilities | 85.83M | 85.83M | 68.72M | 72.44M | 68.22M | 43.97M |
| Other Long-Term Liabilities | 42.84M | 40.88M | 33.67M | 33.87M | 32.56M | 34.35M |
| Total Liabilities | 616.39M | 419.18M | 486.84M | 216.21M | 415.36M | 195.29M |
| Common Stock | 1.41M | 1.41M | 1.41M | 1.41M | 1.41M | 1.41M |
| Additional Paid-In Capital | 159.32M | 155.32M | 148.15M | 140.16M | 131.54M | 127.79M |
| Retained Earnings | 1.91B | 1.79B | 1.60B | 1.34B | 1.13B | 946.05M |
| Treasury Stock | -1.06B | -912.31M | -861.87M | -760.95M | -745.27M | -350.21M |
| Shareholders' Equity | 1.01B | 1.03B | 887.12M | 716.67M | 518.35M | 725.03M |
| Total Liabilities & Equity | 1.63B | 1.45B | 1.37B | 932.88M | 933.71M | 920.32M |
| Total Debt | 303.37M | 187.33M | 255.38M | 32.00M | 253.46M | 35.33M |
| Net Cash (Debt) | -296.90M | -183.53M | -254.09M | -30.04M | -241.14M | 105.72M |
| Net Cash Per Share | -2.82 | -1.71 | -2.35 | -0.28 | -2.16 | 0.91 |
| Filing Date Shares Outstanding | 101.87M | 105.74M | 107.16M | 108.62M | 108.76M | 114.61M |
| Total Common Shares Outstanding | 101.87M | 105.74M | 107.15M | 108.61M | 108.74M | 115.15M |
| Working Capital | 27.64M | 59.70M | 26.10M | 81.19M | -3.76M | 312.35M |
| Book Value Per Share | 9.92 | 9.78 | 8.28 | 6.60 | 4.77 | 6.30 |
| Tangible Book Value | 975.06M | 1.00B | 865.08M | 698.51M | 499.77M | 706.03M |
| Tangible Book Value Per Share | 9.57 | 9.48 | 8.07 | 6.43 | 4.60 | 6.13 |
| Land | 31.14M | 29.98M | 29.14M | 24.89M | 22.91M | |
| Buildings | 290.54M | 152.02M | 145.82M | 120.12M | 101.61M | |
| Machinery | 753.56M | 625.93M | 597.67M | 576.85M | 507.56M | |
| Construction In Progress | 372.29M | 463.24M | 247.66M | 161.03M | 87.70M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 177.35M | 190.41M | 238.45M | 204.12M | 184.63M | 208.74M |
| Depreciation & Amortization | 69.24M | 62.26M | 54.27M | 49.79M | 43.90M | 35.55M |
| Other Amortization | 1.40M | 700.00K | 400.00K | 400.00K | 400.00K | 400.00K |
| Loss (Gain) From Sale of Assets | 5.19M | 522.00K | 2.64M | 3.14M | 15.40M | -45.00K |
| Asset Writedown & Restructuring Costs | 54.24M | |||||
| Stock-Based Compensation | 9.34M | 9.12M | 12.63M | 10.16M | 5.33M | 8.44M |
| Other Operating Activities | 16.60M | 17.06M | -12.04M | 3.82M | 24.14M | 21.05M |
| Change in Accounts Receivable | 28.68M | 40.27M | -47.22M | 56.92M | 42.51M | -44.35M |
| Change in Inventory | 1.87M | 18.29M | -116.42M | 35.88M | -64.45M | -15.52M |
| Change in Accounts Payable | 16.05M | 6.88M | -819.00K | 2.70M | -5.59M | -3.47M |
| Change in Income Taxes | 19.25M | 375.00K | 10.53M | 14.37M | -23.57M | 7.03M |
| Change in Other Net Operating Assets | 13.16M | 12.24M | 1.51M | 8.12M | -6.46M | -14.00M |
| Operating Cash Flow | 358.11M | 358.11M | 143.93M | 389.42M | 216.22M | 258.06M |
| Capital Expenditures | -150.05M | -223.59M | -232.34M | -166.09M | -176.23M | -159.39M |
| Sale of Property, Plant & Equipment | 250.00K | 358.00K | 106.00K | 7.34M | 1.35M | |
| Sale (Purchase) of Intangibles | -9.62M | -9.98M | -4.30M | |||
| Investing Cash Flow | -159.43M | -233.22M | -236.53M | -166.09M | -168.88M | -158.04M |
| Short-Term Debt Issued | 880.55M | 842.30M | 593.50M | 425.00M | 494.50M | |
| Total Debt Issued | 853.50M | 880.55M | 842.30M | 593.50M | 425.00M | 494.50M |
| Short-Term Debt Repaid | -949.65M | -645.20M | -810.00M | -203.00M | -494.50M | |
| Total Debt Repaid | -845.95M | -949.65M | -645.20M | -810.00M | -203.00M | -494.50M |
| Net Debt Issued (Repaid) | 7.55M | -69.10M | 197.10M | -216.50M | 222.00M | |
| Issuance of Common Stock | 1.17M | 1.19M | 1.28M | 1.22M | 1.74M | 1.80M |
| Repurchase of Common Stock | -204.02M | -54.47M | -105.94M | -18.45M | -398.38M | -82.47M |
| Other Financing Activities | -2.44M | 6.00K | -503.00K | 30.00K | -1.42M | |
| Financing Cash Flow | -197.73M | -122.38M | 91.94M | -233.70M | -176.06M | -80.67M |
| Net Cash Flow | 952.00K | 2.52M | -667.00K | -10.37M | -128.73M | 19.35M |
| Free Cash Flow | 208.06M | 134.52M | -88.41M | 223.33M | 39.99M | 98.67M |
| Free Cash Flow Margin | 17.22% | 11.46% | -7.68% | 20.40% | 3.62% | 8.24% |
| Free Cash Flow Per Share | 1.98 | 1.26 | -0.82 | 2.05 | 0.36 | 0.85 |
| Levered Free Cash Flow | 69.67M | 36.46M | -113.96M | 186.89M | 2.21M | 7.83M |
| Unlevered Free Cash Flow | 71.12M | 36.46M | -113.96M | 186.89M | 2.21M | 7.83M |
| Cash Interest Paid | 1.31M | 51.00K | ||||
| Cash Income Tax Paid | 27.56M | 50.06M | 85.17M | 52.34M | 59.93M | 38.61M |
| Change in Working Capital | 79.00M | 78.04M | -152.42M | 117.99M | -57.57M | -70.31M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.15B | 3.76B | 7.40B | 8.99B | 4.65B | 15.54B |
| Enterprise Value | 5.45B | 3.91B | 7.49B | 9.07B | 4.75B | 15.53B |
| Last Close Price | 51.14 | 35.08 | 69.03 | 82.79 | 42.33 | 135.03 |
| PE Ratio | 29.99 | 19.76 | 31.02 | 44.05 | 25.16 | 74.47 |
| Forward PE | 26.09 | 22.30 | 33.81 | 39.37 | 28.78 | 54.39 |
| PS Ratio | 4.26 | 3.20 | 6.42 | 8.21 | 4.20 | 12.99 |
| PB Ratio | 5.16 | 3.64 | 8.34 | 12.54 | 8.96 | 21.44 |
| P/TBV Ratio | 5.28 | 3.75 | 8.55 | 12.87 | 9.29 | 22.02 |
| P/FCF Ratio | 24.74 | 27.97 | 40.26 | 116.15 | 157.54 | |
| P/OCF Ratio | 14.38 | 10.51 | 51.39 | 23.09 | 21.48 | 60.23 |
| PEG Ratio | 2.71 | 1.76 | 3.15 | 2.62 | 10.70 | 3.11 |
| EV/Sales Ratio | 4.51 | 3.33 | 6.50 | 8.28 | 4.29 | 12.97 |
| EV/EBITDA Ratio | 17.41 | 12.21 | 19.91 | 27.96 | 15.52 | 43.56 |
| EV/EBIT Ratio | 22.35 | 15.15 | 23.27 | 33.03 | 18.12 | 48.39 |
| EV/FCF Ratio | 26.17 | 29.06 | 40.61 | 118.80 | 157.37 | |
| Debt / Equity Ratio | 0.30 | 0.18 | 0.29 | 0.04 | 0.49 | 0.05 |
| Debt / EBITDA Ratio | 0.93 | 0.56 | 0.66 | 0.10 | 0.81 | 0.10 |
| Debt / FCF Ratio | 1.46 | 1.39 | 0.14 | 6.34 | 0.36 | |
| Net Debt / Equity Ratio | 0.29 | 0.18 | 0.29 | 0.04 | 0.47 | -0.15 |
| Net Debt / EBITDA Ratio | 0.95 | 0.57 | 0.68 | 0.09 | 0.79 | -0.30 |
| Net Debt / FCF Ratio | 1.43 | 1.36 | -2.87 | 0.14 | 6.03 | -1.07 |
| Asset Turnover | 0.76 | 0.83 | 1.00 | 1.17 | 1.19 | 1.42 |
| Inventory Turnover | 4.50 | 2.88 | 3.57 | 5.18 | 6.24 | 9.69 |
| Quick Ratio | 0.60 | 0.22 | 0.26 | 0.58 | 0.46 | 3.40 |
| Current Ratio | 1.06 | 1.24 | 1.08 | 1.89 | 0.99 | 4.52 |
| Return on Equity (ROE) | 17.74% | 19.82% | 29.73% | 33.05% | 29.70% | 31.78% |
| Return on Assets (ROA) | 9.62% | 11.40% | 17.44% | 18.39% | 17.68% | 23.72% |
| Return on Invested Capital (ROIC) | 13.10% | 16.14% | 25.26% | 27.10% | 28.44% | 43.38% |
| Return on Capital Employed (ROCE) | 20.70% | 21.40% | 31.20% | 32.60% | 40.80% | 38.60% |
| Earnings Yield | 3.33% | 5.06% | 3.22% | 2.27% | 3.98% | 1.34% |
| FCF Yield | 4.04% | 3.57% | -1.20% | 2.48% | 0.86% | 0.64% |
| Buyback Yield / Dilution | 2.08% | 1.13% | 0.45% | 2.74% | 3.35% | 0.42% |