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Stocks · Materials · Lumber & Wood Products (No Furniture)

TREX CO INC

TREX Clue Score67
United States Fiscal year ends December CIK 0001069878
$44.78 +0.77% Close, 9 Oct 2026
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Price $44.78 −56.54% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue479.6Operating income104.0Net income67.8EPS, diluted1.15Fiscal year 2017Revenue565.2 +17.8%Operating income142.4Net income95.1 +40.2%EPS, diluted1.61Fiscal year 2018Revenue684.3 +21.1%Operating income176.7Net income134.6 +41.5%EPS, diluted1.14Fiscal year 2019Revenue745.3 +8.9%Operating income188.2Net income144.7 +7.6%EPS, diluted1.24Fiscal year 2020Revenue880.8 +18.2%Operating income233.6Net income175.6 +21.3%EPS, diluted1.51Fiscal year 2021Revenue1,197.0 +35.9%Operating income275.4Net income208.7 +18.8%EPS, diluted1.80Fiscal year 2022Revenue1,106.0 −7.6%Operating income246.7Net income184.6 −11.6%EPS, diluted1.65Fiscal year 2023Revenue1,094.8 −1.0%Operating income274.6Net income204.1 +10.6%EPS, diluted1.88Fiscal year 2024Revenue1,151.4 +5.2%Operating income321.9Net income238.4 +16.8%EPS, diluted2.20Fiscal year 2025Revenue1,174.3 +2.0%Operating income258.0Net income190.4 −20.1%EPS, diluted1.78
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 479.6 565.2 684.3 745.3 880.8 1,197.0 1,106.0 1,094.8 1,151.4 1,174.3
Growth +17.8% +21.1% +8.9% +18.2% +35.9% −7.6% −1.0% +5.2% +2.0%
Operating income 104.0 142.4 176.7 188.2 233.6 275.4 246.7 274.6 321.9 258.0
Net income 67.8 95.1 134.6 144.7 175.6 208.7 184.6 204.1 238.4 190.4
Growth +40.2% +41.5% +7.6% +21.3% +18.8% −11.6% +10.6% +16.8% −20.1%
EPS, diluted 1.15 1.61 1.14 1.24 1.51 1.80 1.65 1.88 2.20 1.78

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin39.0%Operating margin21.7%Net margin14.1%Free cash flow margin14.7%Fiscal year 2017Gross margin43.1%Operating margin25.2%Net margin16.8%Free cash flow margin15.4%Fiscal year 2018Gross margin43.1%Operating margin25.8%Net margin19.7%Free cash flow margin15.2%Fiscal year 2019Gross margin41.1%Operating margin25.2%Net margin19.4%Free cash flow margin12.0%Fiscal year 2020Gross margin40.8%Operating margin26.5%Net margin19.9%Free cash flow margin1.6%Fiscal year 2021Gross margin38.5%Operating margin23.0%Net margin17.4%Free cash flow margin8.2%Fiscal year 2022Gross margin36.5%Operating margin22.3%Net margin16.7%Free cash flow margin3.6%Fiscal year 2023Gross margin41.2%Operating margin25.1%Net margin18.6%Free cash flow margin20.4%Fiscal year 2024Gross margin43.6%Operating margin28.0%Net margin20.7%Free cash flow margin−7.7%Fiscal year 2025Gross margin39.2%Operating margin22.0%Net margin16.2%Free cash flow margin11.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 39.0% 43.1% 43.1% 41.1% 40.8% 38.5% 36.5% 41.2% 43.6% 39.2%
Operating margin 21.7% 25.2% 25.8% 25.2% 26.5% 23.0% 22.3% 25.1% 28.0% 22.0%
Net margin 14.1% 16.8% 19.7% 19.4% 19.9% 17.4% 16.7% 18.6% 20.7% 16.2%
Free cash flow margin 14.7% 15.4% 15.2% 12.0% 1.6% 8.2% 3.6% 20.4% −7.7% 11.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow85.3Capital expenditure−14.6Free cash flow70.7Buybacks−55.2Fiscal year 2017Operating cash flow101.9Capital expenditure−15.0Free cash flow86.8 +22.7%Buybacks−3.6Fiscal year 2018Operating cash flow138.1Capital expenditure−33.8Free cash flow104.3 +20.1%Buybacks−30.1Fiscal year 2019Operating cash flow156.4Capital expenditure−67.3Free cash flow89.1 −14.6%Buybacks−46.5Fiscal year 2020Operating cash flow187.3Capital expenditure−172.8Free cash flow14.5 −83.8%Buybacks−44.9Fiscal year 2021Operating cash flow258.1Capital expenditure−159.4Free cash flow98.7 +581.8%Buybacks−82.5Fiscal year 2022Operating cash flow216.2Capital expenditure−176.2Free cash flow40.0 −59.5%Buybacks−398.4Fiscal year 2023Operating cash flow389.4Capital expenditure−166.1Free cash flow223.3 +458.4%Buybacks−18.5Fiscal year 2024Operating cash flow143.9Capital expenditure−232.3Free cash flow−88.4 −139.6%Buybacks−105.9Fiscal year 2025Operating cash flow358.1Capital expenditure−223.6Free cash flow134.5Buybacks−54.5
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 85.3 101.9 138.1 156.4 187.3 258.1 216.2 389.4 143.9 358.1
Capital expenditure −14.6 −15.0 −33.8 −67.3 −172.8 −159.4 −176.2 −166.1 −232.3 −223.6
Free cash flow 70.7 86.8 104.3 89.1 14.5 98.7 40.0 223.3 −88.4 134.5
Growth +22.7% +20.1% −14.6% −83.8% +581.8% −59.5% +458.4% −139.6%
Buybacks −55.2 −3.6 −30.1 −46.5 −44.9 −82.5 −398.4 −18.5 −105.9 −54.5

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash18.7Shareholders’ equity134.2Fiscal year 2017Cash30.5Shareholders’ equity231.3Fiscal year 2018Cash105.7Shareholders’ equity343.0Fiscal year 2019Cash148.8Shareholders’ equity449.2Fiscal year 2020Cash121.7Shareholders’ equity588.5Fiscal year 2021Cash141.1Shareholders’ equity725.0Fiscal year 2022Cash12.3Shareholders’ equity544.5Fiscal year 2023Cash2.0Shareholders’ equity741.6Fiscal year 2024Cash1.3Shareholders’ equity887.1Fiscal year 2025Cash3.8Shareholders’ equity1,034.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 18.7 30.5 105.7 148.8 121.7 141.1 12.3 2.0 1.3 3.8
Shareholders’ equity 134.2 231.3 343.0 449.2 588.5 725.0 544.5 741.6 887.1 1,034.3

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
39.0% 43.1% 43.1% 41.1% 40.8% 38.5% 36.5% 41.2% 43.6% 39.2%
21.7% 25.2% 25.8% 25.2% 26.5% 23.0% 22.3% 25.1% 28.0% 22.0%
21.4% 25.1% 25.8% 25.5% 26.6% 23.0% 22.3% 25.1% 28.0% 22.0%
14.1% 16.8% 19.7% 19.4% 19.9% 17.4% 16.7% 18.6% 20.7% 16.2%
14.7% 15.4% 15.2% 12.0% 1.6% 8.2% 3.6% 20.4% −7.7% 11.5%
Spending
0.8% 0.7% 0.7% 0.5% 0.4% 0.5% 0.0% 0.3% 0.3% 0.4%
17.3% 17.9% 17.3% 15.9% 14.3% 11.7% 12.8% 16.1% 15.6% 17.2%
3.0% 2.7% 4.9% 9.0% 19.6% 13.3% 15.9% 15.2% 20.2% 19.0%
34.0% 33.0% 23.9% 23.7% 25.1% 24.2% 25.2% 25.7% 25.9% 26.2%
Returns
50.6% 41.1% 39.2% 32.2% 29.8% 28.8% 33.9% 27.5% 26.9% 18.4%
30.6% 29.2% 28.9% 24.4% 22.8% 22.7% 19.8% 21.9% 17.4% 13.1%
Balance and payout
39.4% 29.1% 26.3% 24.2% 23.6% 21.2% 44.5% 23.2% 35.4% 28.8%
78.1% 4.2% 28.8% 52.2% 310.0% 83.6% 996.2% 8.3% n/a 40.5%