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Trex Co Inc. (TREX) Fundamental Analysis & AI Grade 2026

TREX NYSE Lumber & Wood Products (No Furniture) DE CIK: 0001069878
Updated This Month • Analysis: May 9, 2026 • SEC Data: 2026-03-31
Combined AI Grade
C
78% Confidence
N/A
C
78% Conf
Pending
Analysis scheduled

📊 TREX Key Takeaways

Revenue: $343.4M
Net Margin: 17.9%
Free Cash Flow: $-141.5M
Current Ratio: 1.02x
Debt/Equity: 0.00x
EPS: $0.58
AI Grade: C with 78% confidence
Trex Co Inc. (TREX) receives a C fundamental grade with 78% confidence from our AI analysis based on SEC 10-K filings. With revenue of $343.4M, net profit margin of 17.9%, and return on equity (ROE) of 6.2%, Trex Co Inc. demonstrates mixed fundamentals in the Materials sector. Below is our complete TREX stock analysis for 2026.

Is Trex Co Inc. (TREX) a Good Investment?

Claude

TREX exhibits strong profitability margins (24.3% operating, 17.9% net) and zero debt, but faces a critical liquidity crisis with negative operating cash flow of -$118.4M despite $61.4M net income, leaving only $4.5M cash reserves. The $141.5M negative free cash flow indicates fundamental operational dysfunction that cannot be sustained, and tight working capital ratios (1.02x current, 0.62x quick) signal near-term financial stress despite solid underlying margins.

Trex Co Inc. Key Strengths (TREX)

Claude
  • + Strong operating margin of 24.3% and gross margin of 40.5% demonstrate pricing power and cost control
  • + Zero long-term debt and 0.00x debt-to-equity ratio provide clean balance sheet structure
  • + Profitable on accrual basis with $61.4M net income from $343.4M revenue

TREX Stock Risks: Trex Co Inc. Investment Risks

Claude
  • ! Severe negative free cash flow of -$141.5M represents unsustainable cash burn despite reported profitability, indicating working capital crisis or operational failure
  • ! Critical liquidity squeeze with only $4.5M cash, current ratio of 1.02x, and quick ratio of 0.62x threaten near-term solvency
  • ! Stagnant growth with flat net income YoY and declining EPS (-19.1%), combined with negative operating cash flow suggesting declining operational health

Key Metrics to Watch

Claude
  • * Operating cash flow trend - critical need for improvement from -$118.4M to positive territory
  • * Cash balance and liquidity runway - with minimal reserves and continued burn, timeline to potential crisis
  • * Working capital components (accounts receivable, inventory, payables) - significant deterioration likely driving OCF deficit despite profitability

Trex Co Inc. (TREX) Financial Metrics & Key Ratios

Revenue
$343.4M
Net Income
$61.4M
EPS (Diluted)
$0.58
Free Cash Flow
$-141.5M
Total Assets
$1.7B
Cash Position
$4.5M

💡 AI Analyst Insight

Trex Co Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

TREX Profit Margin, ROE & Profitability Analysis

Gross Margin 40.5%
Operating Margin 24.3%
Net Margin 17.9%
ROE 6.2%
ROA 3.5%
FCF Margin -41.2%

TREX vs Materials Sector: How Trex Co Inc. Compares

How Trex Co Inc. compares to Materials sector averages

Net Margin
TREX 17.9%
vs
Sector Avg 10.0%
TREX Sector
ROE
TREX 6.2%
vs
Sector Avg 14.0%
TREX Sector
Current Ratio
TREX 1.0x
vs
Sector Avg 1.6x
TREX Sector
Debt/Equity
TREX 0.0x
vs
Sector Avg 0.6x
TREX Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Trex Co Inc. Stock Overvalued? TREX Valuation Analysis 2026

Based on fundamental analysis, Trex Co Inc. has mixed fundamental signals relative to the Materials sector in 2026.

Return on Equity
6.2%
Sector avg: 14%
Net Profit Margin
17.9%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Trex Co Inc. Balance Sheet: TREX Debt, Cash & Liquidity

Current Ratio
1.02x
Quick Ratio
0.62x
Debt/Equity
0.00x
Debt/Assets
42.4%
Interest Coverage
139.64x
Long-term Debt
$0.0

TREX Revenue & Earnings Growth: 5-Year Financial Trend

TREX 5-year financial data: Year 2021: Revenue $1.2B, Net Income $144.7M, EPS $1.24. Year 2022: Revenue $1.2B, Net Income $175.6M, EPS $1.51. Year 2023: Revenue $1.2B, Net Income $208.7M, EPS $1.80. Year 2024: Revenue $1.2B, Net Income $184.6M, EPS $1.65. Year 2025: Revenue $1.2B, Net Income $204.1M, EPS $1.88.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Trex Co Inc.'s revenue has remained relatively flat over the 5-year period, with a 2% decline. The most recent EPS of $1.88 reflects profitable operations.

TREX Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-41.2%
Free cash flow / Revenue

TREX Quarterly Earnings & Performance

Quarterly financial performance data for Trex Co Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $340.0M $60.4M $0.56
Q3 2025 $233.7M $40.6M $0.37
Q2 2025 $376.5M $60.4M $0.71
Q1 2025 $340.0M $60.4M $0.56
Q3 2024 $233.7M $40.6M $0.37
Q2 2024 $356.5M $41.1M $0.71
Q1 2024 $238.7M $41.1M $0.38
Q3 2023 $188.5M $14.4M $0.13

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Trex Co Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$118.4M
Cash generated from operations
Stock Buybacks
$82.8M
Shares repurchased (TTM)
Capital Expenditures
$23.1M
Investment in assets
Dividends
None
No dividend program

TREX SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Trex Co Inc. (CIK: 0001069878)

📋 Recent SEC Filings

Date Form Document Action
May 7, 2026 10-Q trex-20260331.htm View →
May 7, 2026 8-K trex-20260507.htm View →
May 4, 2026 8-K trex-20260504.htm View →
Apr 3, 2026 4 xslF345X06/form4.xml View →
Apr 3, 2026 4 xslF345X06/form4.xml View →

Frequently Asked Questions about TREX

What is the AI rating for TREX?

Trex Co Inc. (TREX) has an AI grade of C with 78% confidence, based on fundamental analysis of SEC EDGAR filings.

What are TREX's key strengths?

Claude: Strong operating margin of 24.3% and gross margin of 40.5% demonstrate pricing power and cost control. Zero long-term debt and 0.00x debt-to-equity ratio provide clean balance sheet structure.

What are the risks of investing in TREX?

Claude: Severe negative free cash flow of -$141.5M represents unsustainable cash burn despite reported profitability, indicating working capital crisis or operational failure. Critical liquidity squeeze with only $4.5M cash, current ratio of 1.02x, and quick ratio of 0.62x threaten near-term solvency.

What is TREX's revenue and growth?

Trex Co Inc. reported revenue of $343.4M.

Does TREX pay dividends?

Trex Co Inc. does not currently pay dividends.

Where can I find TREX SEC filings?

Official SEC filings for Trex Co Inc. (CIK: 0001069878) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is TREX's EPS?

Trex Co Inc. has a diluted EPS of $0.58.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is TREX's fundamental grade?

Based on our AI fundamental analysis in June 2026, Trex Co Inc. has a C grade with 78% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is TREX stock overvalued or undervalued?

Valuation metrics for TREX: ROE of 6.2% (sector avg: 14%), net margin of 17.9% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

What is TREX's AI grade for 2026?

Our dual AI analysis gives Trex Co Inc. a combined C grade for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is TREX's free cash flow?

Trex Co Inc.'s operating cash flow is $-118.4M, with capital expenditures of $23.1M. FCF margin is -41.2%.

How does TREX compare to other Materials stocks?

Vs Materials sector averages: Net margin 17.9% (avg: 10%), ROE 6.2% (avg: 14%), current ratio 1.02 (avg: 1.6).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 9, 2026 | Data as of: 2026-03-31 | Powered by Claude AI