# Trex Company, Inc. (TREX)

> Source: Nexqual · https://nexqual.com/TREX · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Trex Company, Inc. (TREX), nexqual.com/TREX" · informational, not investment advice.

**Price:** USD 46.21 (+4.15% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 44.37 · day 44.75–46.55 · 52w 29.77–51.75 · market cap $4.71B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.21B, net income $177M (14.7% margin), free cash flow $208M (SEC filings).
- Valuation: P/E 26.5x (avg 31.7x at the last 3 fiscal year-ends).
- 2 of 80 tracked superinvestors hold TREX (13F, Q2 2026): 0 new, 1 added, 0 reduced, 1 unchanged.
- Analysts: Hold (mean 2.63 on a 1–5 scale) (19 analysts), mean target USD 55.21 (range 42–62).
- Total return with dividends: 1Y -9.4% vs S&P 500 +18.1%; 5Y -50.5% vs S&P 500 +85.1%.
- Next earnings: 2026-11-04, EPS estimate USD 0.48, revenue estimate $314M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.20B | $1.11B | $1.09B | $1.15B | $1.17B | $1.21B |
| Gross profit | $461M | $404M | $451M | $502M | $460M | — |
| Operating income | $275M | $247M | $275M | $322M | $258M | $244M |
| Net income | $209M | $185M | $204M | $238M | $190M | $177M |
| EPS (diluted) | $1.80 | $1.65 | $1.88 | $2.20 | $1.78 | — |
| Free cash flow | $98.7M | $40.0M | $223M | -$88.4M | $135M | $208M |
| Gross margin | 38.5% | 36.5% | 41.2% | 43.6% | 39.2% | — |
| Operating margin | 23.0% | 22.3% | 25.1% | 28.0% | 22.0% | 20.2% |
| Net margin | 17.4% | 16.7% | 18.6% | 20.7% | 16.2% | 14.7% |
| Revenue growth | +35.9% | -7.6% | -1.0% | +5.2% | +2.0% | — |
| Cash + short-term investments | $141M | $12.3M | $2.0M | $1.3M | $3.8M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 26.5x · P/S 3.9x · P/FCF 22.6x · P/B 4.7x · FCF yield 4.42% · Earnings yield 3.77% · Buyback yield (TTM) 4.33%
P/E at fiscal year-ends: Dec 2025 19.7x, Dec 2024 31.4x, Dec 2023 44.1x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold TREX. Change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Van Den Berg Management I |  | 0.91% | $4.3M | Added +1.5% |
| Mairs & Power | Mairs & Power Funds | 0.05% | $5.8M | Unchanged |

## Analysts
Consensus Hold (mean 2.63 on a 1–5 scale), 19 analysts; mean target USD 55.21 (low 42, high 62).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-08 | Deutsche Bank | Upgrade | Hold → Buy | $53 → $57 |
| 2026-08-11 | Stifel | Target raised | Hold | $47 → $49 |
| 2026-07-28 | BMO Capital | Target raised | Outperform | $54 → $56 |
| 2026-07-28 | Stephens & Co. | Target raised | Equal-Weight | $45 → $50 |
| 2026-07-15 | Citigroup | Target raised | Neutral | $43 → $52 |
| 2026-07-14 | UBS | Target raised | Buy | $59 → $61 |
| 2026-07-14 | DA Davidson | Maintained | Buy | $55 |
| 2026-07-14 | Deutsche Bank | Target raised | Hold | $41 → $51 |
| 2026-07-14 | B of A Securities | Target raised | Underperform | $42 → $44 |
| 2026-07-14 | Truist Securities | Target raised | Buy | $55 → $60 |
| 2026-07-14 | Stifel | Target raised | Hold | $44 → $47 |
| 2026-07-14 | Barclays | Target raised | Underweight | $36 → $42 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | -9.4% | -50.5% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | -9.4% | -13.1% |
| Volatility (annualized) | 53.4% | 48.3% |
| Max drawdown | -41.3% (Oct 2025→Nov 2025) | -77.9% (Dec 2021→Nov 2025) |

## Peers (Building Products & Equipment)
FBIN (Fortune Brands Innovations, Inc) USD 39.96 +2.33% · LPX (Louisiana-Pacific Corporation) USD 69.39 +3.86% · GFF (Griffon Corporation) USD 93.21 +1.06% · BLDR (Builders FirstSource, Inc.) USD 53.68 +3.81% · AAON (AAON, Inc.) USD 77.3 -10.31% · AWI (Armstrong World Industries Inc) USD 166.59 +1.17%

## More
Full page: https://nexqual.com/TREX · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt