TREX Industrials

Trex Company, Inc.

$50.00-1.07%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Industrials
Industry: Building Products & Equipment
Country: United States
Market cap: 5.1B USD
Enterprise value: 5.4B USD
Full-time employees: 1,839

Overall health

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.47 vs a peer median of 0.64) and less short-term liquidity (current ratio 1.06 vs a peer median of 1.62)higher risk: bigger price swings (beta 1.47 vs peers 0.64) and less liquidity (current ratio 1.06 vs peers 1.62)
About average: growth and valuation

Ranks #1,110 of 2,308 industrials companies (top 49%)

See how it ranks against its peers

Worth knowing

Share count shrinking. Shares outstanding down 6.3% from December 2022 to July 2026.
Trex had 6.3% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Profit is backed by cash. Free cash flow is 117% of reported profit.
Trex's free cash flow is 117% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
Wide margins. Operating margin 20% (12 months to Jun 2026) vs a peer median of 7.7%.Operating margin 20% vs peers 7.7%.
Trex keeps 20% of revenue as operating profit, more than 89% of peers (median 7.7%).
More volatile share price. Beta 1.47: tends to move more than the market.
Trex's shares have swung more with the market than most peers' (beta 1.47, above the market's 1.0).

StockQuotient Score

52/ 100

Oct 5 53 → Nov 4 52 (-1)

Valuation

Is the price right?

43/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Close to the peer norm on every measure.

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield3.5%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.10Sector median: 0.0377 · MAD: 0.0294

EBITDA yield5.8%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score -0.27Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield4.1%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 0.10Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield19.8%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

51/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 2.6%

Why

Mixed versus peers:

▲ 3-yr revenue
▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-6.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.53Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth7.4%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 0.51Sector median: 0.0421 · MAD: 0.0625

Revenue growth7.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.34Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

94/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROA
▲ Operating margin
▲ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin20.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.45Sector median: 0.0773 · MAD: 0.0507

Return on assets10.9%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 3.24Sector median: 0.0311 · MAD: 0.0241

Return on invested capital19.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.15Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin38.2%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity17.6%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Beta
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.47

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -3.01Sector median: 0.6440 · MAD: 0.2745

Current ratio1.06×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.04Sector median: 1.6180 · MAD: 0.5360

Debt / equity0.30×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score 0.30Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Trex

Is Trex getting weaker?: Its latest SEC filing (Aug 4, 2026) showed no major changes. Its overall score is unchanged at 52/100 since Oct 28, 2026.
How is Trex valued vs its peers?: Priced about in line with its peers. Valuation scores 43/100 against 2,459 industrials peers.
Is Trex growing?: At about the same pace as its peers. Growth scores 51/100 against 2,459 industrials peers. 3-year revenue growth 7.4% vs a peer median of 4.2% (stronger than 64% of peers).3-year revenue growth 7.4% vs peers 4.2% (stronger than 64% of peers). Earnings per share growth -6.0% vs a peer median of 7.1% (weaker than 66% of peers).Earnings per share growth -6.0% vs peers 7.1% (weaker than 66% of peers).
How profitable is Trex?: More profitable than most of its peers. Profitability scores 94/100 against 2,459 industrials peers. Return on assets 10.9% vs a peer median of 3.1% (stronger than 95% of peers).Return on assets 10.9% vs peers 3.1% (stronger than 95% of peers).
How risky is Trex?: Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Beta 1.47 vs a peer median of 0.64 (weaker than 93% of peers).Beta 1.47 vs peers 0.64 (weaker than 93% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 4, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	1.2B USD	1.2B USD	+2.6%
Net income (12 months)	191.4M USD	177.4M USD	−7.3%
Operating margin	22.1%	20.2%	−1.9 pts
Free cash flow (12 months)	226.5M USD	208.1M USD	−8.1%
Cash	4.5M USD	6.5M USD	+44.1%
Shares outstanding	103.9M	101.9M	−2.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Building Products & Equipment · 19 companies

Valuations in Building Products & Equipment are above their usual range since Nov 2016.

79% of months since Nov 2016 were valued lower than now.
25% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values −19% and earnings −9% (medians): prices and earnings moved broadly together.
Median price-to-sales is −9% vs the whole market, against a usual −30%.

Nov 2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	38.5%	36.5%	41.2%	43.6%	39.2%	▼ 4.4 pts
Operating margin	23.0%	22.3%	25.1%	28.0%	22.0%	▼ 6.0 pts
Net margin	17.4%	16.7%	18.6%	20.7%	16.2%	▼ 4.5 pts
Return on assets (ROA)	22.7%	19.8%	21.9%	17.4%	13.1%	▼ 4.3 pts
Return on equity (ROE)	28.8%	33.9%	27.5%	26.9%	18.4%	▼ 8.5 pts
Free cash flow margin	8.2%	3.6%	20.4%	-7.7%	11.5%	▲ 19 pts
Current ratio	4.52×	0.99×	1.89×	1.08×	1.24×	▲ 15%
Quick ratio	3.58×	0.50×	0.72×	0.33×	0.29×	▼ 12%
Interest coverage	—	—	3520.41×	—	—	—

TREX price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.47 vs a peer median of 0.64) and less short-term liquidity (current ratio 1.06 vs a peer median of 1.62)higher risk: bigger price swings (beta 1.47 vs peers 0.64) and less liquidity (current ratio 1.06 vs peers 1.62)

About average: growth and valuation

Ranks #1,110 of 2,308 industrials companies (top 49%)

See how it ranks against its peers

Worth knowing

Share count shrinking. Shares outstanding down 6.3% from December 2022 to July 2026.

Trex had 6.3% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.

Profit is backed by cash. Free cash flow is 117% of reported profit.

Trex's free cash flow is 117% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

Wide margins. Operating margin 20% (12 months to Jun 2026) vs a peer median of 7.7%.Operating margin 20% vs peers 7.7%.

Trex keeps 20% of revenue as operating profit, more than 89% of peers (median 7.7%).

More volatile share price. Beta 1.47: tends to move more than the market.

Trex's shares have swung more with the market than most peers' (beta 1.47, above the market's 1.0).

Questions investors ask about Trex

Is Trex getting weaker?

Its latest SEC filing (Aug 4, 2026) showed no major changes. Its overall score is unchanged at 52/100 since Oct 28, 2026.

How is Trex valued vs its peers?

Priced about in line with its peers. Valuation scores 43/100 against 2,459 industrials peers.

Is Trex growing?

At about the same pace as its peers. Growth scores 51/100 against 2,459 industrials peers. 3-year revenue growth 7.4% vs a peer median of 4.2% (stronger than 64% of peers).3-year revenue growth 7.4% vs peers 4.2% (stronger than 64% of peers). Earnings per share growth -6.0% vs a peer median of 7.1% (weaker than 66% of peers).Earnings per share growth -6.0% vs peers 7.1% (weaker than 66% of peers).

How profitable is Trex?

More profitable than most of its peers. Profitability scores 94/100 against 2,459 industrials peers. Return on assets 10.9% vs a peer median of 3.1% (stronger than 95% of peers).Return on assets 10.9% vs peers 3.1% (stronger than 95% of peers).

How risky is Trex?

Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Beta 1.47 vs a peer median of 0.64 (weaker than 93% of peers).Beta 1.47 vs peers 0.64 (weaker than 93% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

1.2B USD

1.2B USD

+2.6%

Net income (12 months)

191.4M USD

177.4M USD

−7.3%

Operating margin

22.1%

20.2%

−1.9 pts

Free cash flow (12 months)

226.5M USD

208.1M USD

−8.1%

Cash

4.5M USD

6.5M USD

+44.1%

Shares outstanding

103.9M

101.9M

−2.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

38.5%

36.5%

41.2%

43.6%

39.2%

▼ 4.4 pts

Operating margin

23.0%

22.3%

25.1%

28.0%

22.0%

▼ 6.0 pts

Net margin

17.4%

16.7%

18.6%

20.7%

16.2%

▼ 4.5 pts

Return on assets (ROA)

22.7%

19.8%

21.9%

17.4%

13.1%

▼ 4.3 pts

Return on equity (ROE)

28.8%

33.9%

27.5%

26.9%

18.4%

▼ 8.5 pts

Free cash flow margin

8.2%

3.6%

20.4%

-7.7%

11.5%

▲ 19 pts

Current ratio

4.52×

0.99×

1.89×

1.08×

1.24×

▲ 15%

Quick ratio

3.58×

0.50×

0.72×

0.33×

0.29×

▼ 12%

Interest coverage

—

3520.41×

—