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NYSE · Materials

TREX CO INC (TREX)

As-reported financials and SEC filings for TREX CO INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About TREX CO INC

Trex Company, Inc. manufactures composite decking and railing products marketed under the Trex brand. The company offers eco-friendly, low-maintenance outdoor living products including decking, railing, fencing, cladding, and outdoor lighting, primarily serving residential customers. Trex products are made in the United States using recycled materials and are sold through distributors and home centers worldwide.

Snapshot

Revenue
$1.17B
Revenue growth (YoY)
2.0%
Net income
$190.4M
Diluted EPS
$1.78
Gross margin
39.2%
Operating margin
22.0%
Net margin
16.2%
FCF margin
11.5%
ROE
18.4%
net income / fiscal-year-end equity
P/E
26.9×
trailing when available, otherwise FY EPS
Market cap
$4.66B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Trex

  • Revenue grew 2.0% to $1.2B in FY2025, slower than the 5.2% the year before.
  • Operating margin is 22.0% in FY2025, -1.0 pp against 23.0% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $418M, up 7.8% from Q2 FY2025.
  • Free cash flow was $135M in FY2025, 11.5% of revenue.
  • Net income fell 20.1% to $190M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Trex’s fundamentals sit among the 241 Materials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin39.2%
75th percentile of 191
Operating margin22.0%
91st percentile of 189
Net margin16.2%
91st percentile of 221
FCF margin11.5%
82nd percentile of 205
Revenue growth (YoY)+2.0%
50th percentile of 236
ROE18.4%
84th percentile of 216
P/E26.9×
65th percentile of 134
Short interest4.20d
58th percentile of 238

Trex’s operating margin of 22.0% ranks in the 91st percentile of the 189 Materials companies reporting it. Trex’s net margin of 16.2% ranks in the 91st percentile of the 221 Materials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 2 insider sales totaling $122,572. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+6 quant / multi-strat
Initiated / added
3
0 new, 3 added
Reduced / exited
5
4 trimmed, 1 exited
Combined position
$641.3M
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ2 2026$188.8M3.8MAdded
AQR Capital ManagementquantQ2 2026$181.0M3.6MReduced
Citadel AdvisorsquantQ2 2026$111.9M2.2MAdded
Point72 Asset ManagementquantQ2 2026$76.1M1.5MAdded
Two Sigma InvestmentsquantQ2 2026$66.6M1.3MReduced
D. E. ShawquantQ2 2026$8.9M178.2KReduced
Gotham Asset ManagementQ2 2026$7.9M157.8KReduced

No longer held by: Renaissance Technologies (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
2
$123K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-07
filed 2026-08-11
Fernandez Amy M.SVP, CLO and SecretarySell1.1K$50.07$53K
2026-06-25
filed 2026-06-26
Rudolph Jacob T.SVP, CHROSell1.4K$50.00$70K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
10.2M
settled 2026-08-14
Change vs prior
-4.1%
vs previous settlement
Days to cover
4.20
at avg daily volume
Avg daily volume
2.4M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1410.2M-4.1%4.20
2026-07-3110.6M-11.1%5.00
2026-07-1511.9M+2.5%6.01
2026-06-3011.6M+6.2%5.50
2026-06-1510.9M+3.6%5.48
2026-05-2910.6M+7.6%5.69
2026-05-159.8M+9.1%4.02
2026-04-309.0M-8.0%5.39

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$1.17B$1.15B$1.09B$1.11B$1.20B
Gross profit$460.0M$501.9M$450.8M$404.0M$460.5M
Operating income$258.0M$321.9M$274.6M$246.7M$275.4M
Net income$190.4M$238.4M$204.1M$184.6M$208.7M
Diluted EPS$1.78$2.20$1.88$1.65$1.80

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$3.8M$1.3M$2.0M$12.3M$141.1M
Current assets$310.4M$368.6M$172.3M$286.8M$401.1M
Total assets$1.45B$1.37B$932.9M$933.7M$920.3M
Current liabilities$250.7M$342.5M$91.1M$290.6M$88.7M
Long-term debt
Total liabilities$419.2M$486.8M$216.2M$415.4M$195.3M
Total equity$1.03B$887.1M$741.6M$544.5M$725.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$358.1M$143.9M$389.4M$216.2M$258.1M
Capital expenditure$223.6M$232.3M$166.1M$176.2M$159.4M
Free cash flow$134.5M$-88.4M$223.3M$40.0M$98.7M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$418.0M7.8%$61.9M$0.60
Q1 FY2026$343.4M1.0%$61.4M$0.58
Q4 FY2025$161.1M-3.9%$2.3M$0.02
Q3 FY2025$285.3M22.1%$51.8M$0.48
Q2 FY2025$387.8M3.0%$75.9M$0.71
Q1 FY2025$340.0M-9.0%$60.4M$0.56
Q4 FY2024$167.6M-14.4%$21.8M$0.20
Q3 FY2024$233.7M-23.1%$40.6M$0.37

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorMaterials
SIC industryLumber & Wood Products (No Furniture)
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2012
SEC CIK1069878

Selected SEC filings

10-K2026-02-25
View on EDGAR →
10-Q2026-08-04
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
8-K2026-08-24
View on EDGAR →
8-K2026-08-04
View on EDGAR →
8-K2026-07-14
View on EDGAR →
8-K2026-07-13
View on EDGAR →

Largest Materials peers

All Materials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.