Trex (TREX) Financials

$60.40 -0.19 (-0.31%)

As of 05/20/2025 03:59 PM Eastern

Annual Income Statements for Trex

This table shows Trex's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	226	205	185	209	176	145	135	95	68	48
Consolidated Net Income / (Loss)	226	205	185	209	176	145	135	95	68	48
Net Income / (Loss) Continuing Operations	226	205	185	209	176	145	135	95	68	48
Total Pre-Tax Income	306	276	247	275	235	190	177	142	103	77
Total Operating Income	306	276	247	275	234	188	177	142	104	77
Total Gross Profit	486	452	404	461	359	307	295	243	187	155
Total Revenue	1,151	1,095	1,106	1,197	881	745	684	565	480	441
Operating Revenue	1,151	1,095	1,106	1,197	881	745	684	565	480	441
Total Cost of Revenue	666	642	702	736	521	439	389	322	293	286
Operating Cost of Revenue	666	642	702	736	521	439	389	322	293	286
Total Operating Expenses	180	176	142	185	126	118	118	101	83	77
Selling, General & Admin Expense	180	176	142	140	126	118	118	101	83	77
Total Other Income / (Expense), net	0.01	-0.01	-15	0.02	1.00	1.50	0.19	-0.46	-1.13	-0.62
Interest Expense	-0.01	0.01	-0.10	-0.02	-1.00	-1.50	-0.19	0.46	1.13	0.62
Other Income / (Expense), net	0.00	0.00	-15	0.00	-	-	-	-	-	-
Income Tax Expense	79	71	62	67	59	45	42	47	35	29
Basic Earnings per Share	$2.09	$1.89	$1.65	$1.81	$1.52	$1.24	$1.15	$1.62	$1.16	$1.53
Weighted Average Basic Shares Outstanding	108.19M	108.68M	111.71M	115.46M	115.89M	116.86M	117.48M	58.79M	58.79M	31.35M
Diluted Earnings per Share	$2.09	$1.89	$1.65	$1.80	$1.51	$1.24	$1.14	$1.61	$1.15	$1.52
Weighted Average Diluted Shares Outstanding	108.32M	108.81M	111.88M	115.76M	116.25M	117.32M	118.13M	59.15M	59.23M	31.68M
Weighted Average Basic & Diluted Shares Outstanding	107.16M	108.62M	108.76M	114.61M	115.80M	58.19M	58.80M	58.70M	29.40M	31.40M

This table shows Trex's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	60	9.77	41	87	89	22	65	77	41	10	14
Consolidated Net Income / (Loss)	60	9.77	41	87	89	22	65	77	41	10	14
Net Income / (Loss) Continuing Operations	60	9.77	41	87	89	22	65	77	41	10	14
Total Pre-Tax Income	82	15	54	117	119	31	87	103	55	15	19
Total Operating Income	82	15	54	117	119	28	86	105	57	15	19
Total Gross Profit	138	55	93	168	170	71	131	156	94	65	46
Total Revenue	340	168	234	376	374	196	304	357	239	192	188
Operating Revenue	340	168	234	376	374	196	304	357	239	192	188
Total Cost of Revenue	202	113	141	208	204	125	173	200	144	127	142
Operating Cost of Revenue	202	113	141	208	204	125	173	200	144	127	142
Total Operating Expenses	56	39	39	51	51	43	45	52	37	35	27
Selling, General & Admin Expense	56	39	39	51	51	43	45	52	37	35	27
Total Other Income / (Expense), net	-0.08	0.00	0.01	0.00	0.01	2.55	0.73	-1.31	-1.99	-15	0.00
Interest Expense	0.08	-0.00	-0.01	0.00	-0.01	-2.55	-0.73	1.31	1.99	-0.00	0.00
Income Tax Expense	21	5.68	14	30	30	8.73	22	26	14	4.55	4.93
Basic Earnings per Share	$0.56	$0.10	$0.37	$0.80	$0.82	$0.20	$0.60	$0.71	$0.38	$0.11	$0.13
Weighted Average Basic Shares Outstanding	107.18M	108.19M	108.26M	108.69M	108.64M	108.68M	108.58M	108.77M	108.77M	111.71M	110.14M
Diluted Earnings per Share	$0.56	$0.10	$0.37	$0.80	$0.82	$0.20	$0.60	$0.71	$0.38	$0.11	$0.13
Weighted Average Diluted Shares Outstanding	107.28M	108.32M	108.38M	108.81M	108.79M	108.81M	108.70M	108.87M	108.92M	111.88M	110.30M
Weighted Average Basic & Diluted Shares Outstanding	107.23M	107.16M	107.14M	108.71M	108.69M	108.62M	108.60M	108.56M	108.80M	108.76M	109.74M

This table details how cash moves in and out of Trex's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-0.67	-10	-129	19	-27	43	75	12	13	-3.55
Net Cash From Operating Activities	144	389	216	258	187	156	138	102	85	63
Net Cash From Continuing Operating Activities	144	389	216	258	187	156	138	102	85	63
Net Income / (Loss) Continuing Operations	226	205	185	209	176	145	135	95	68	48
Consolidated Net Income / (Loss)	226	205	185	209	176	145	135	95	68	48
Depreciation Expense	55	50	44	36	18	14	17	17	14	14
Non-Cash Adjustments To Reconcile Net Income	15	13	21	63	7.13	7.00	5.99	6.52	4.32	2.09
Changes in Operating Assets and Liabilities, net	-153	121	-33	-49	-13	-9.41	-19	-17	-1.37	-1.94
Net Cash From Investing Activities	-237	-166	-169	-158	-171	-67	-34	-87	-10	-23
Net Cash From Continuing Investing Activities	-237	-166	-169	-158	-171	-67	-34	-87	-10	-23
Purchase of Property, Plant & Equipment	-232	-166	-176	-159	-173	-67	-34	-15	-15	-23
Acquisitions	-4.30	0.00	0.00	-	-	-	-	-72	-	-0.03
Sale of Property, Plant & Equipment	0.11	0.00	0.05	1.36	2.17	0.02	0.08	0.06	4.35	0.04
Divestitures	0.00	0.00	7.29	0.00	0.00	-	-	-	-	-
Net Cash From Financing Activities	92	-234	-176	-81	-44	-46	-29	-3.23	-62	-43
Net Cash From Continuing Financing Activities	92	-234	-176	-81	-44	-46	-29	-3.23	-62	-43
Repayment of Debt	-645	-810	-203	-495	-276	-90	-172	-201	-250	-219
Repurchase of Common Equity	-106	-18	-398	-82	-45	-47	-30	-3.62	-55	-53
Issuance of Debt	842	594	425	495	276	90	172	201	243	226
Issuance of Common Equity	1.28	1.22	1.74	1.80	1.45	1.09	0.88	0.39	0.28	0.32
Other Financing Activities, net	-0.50	0.03	-1.42	0.00	-	-	-	-	-	3.15
Cash Interest Paid	0.00	0.05	0.00	0.00	0.00	0.00	0.66	0.42	0.85	0.63
Cash Income Taxes Paid	85	52	60	39	51	40	48	45	29	26

This table details how cash moves in and out of Trex's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	3.67	-12	12	-1.88	1.09	-2.69	0.42	0.31	-8.41	6.44	-11
Net Cash From Operating Activities	-154	-8.47	133	194	-174	101	180	223	-115	-28	54
Net Cash From Continuing Operating Activities	-154	-8.47	133	194	-174	101	180	223	-115	-28	54
Net Income / (Loss) Continuing Operations	60	9.77	41	87	89	22	65	77	41	10	14
Consolidated Net Income / (Loss)	60	9.77	41	87	89	22	65	77	41	10	14
Depreciation Expense	14	13	14	13	14	13	13	12	12	11	11
Non-Cash Adjustments To Reconcile Net Income	2.37	3.50	2.47	4.10	5.40	4.96	3.04	3.16	2.09	17	0.44
Changes in Operating Assets and Liabilities, net	-231	-35	76	89	-283	61	99	131	-171	-67	28
Net Cash From Investing Activities	-80	-85	-78	-35	-38	-53	-31	-43	-39	-61	-42
Net Cash From Continuing Investing Activities	-80	-85	-78	-35	-38	-53	-31	-43	-39	-61	-42
Purchase of Property, Plant & Equipment	-79	-81	-78	-35	-38	-53	-31	-43	-39	-68	-42
Acquisitions	-0.64	-	-	-	-	-	-	-	-	-	-
Sale of Property, Plant & Equipment	0.16	-	-	-	0.11	-	-	-	0.00	0.01	-
Net Cash From Financing Activities	238	82	-43	-160	213	-51	-149	-180	146	95	-24
Net Cash From Continuing Financing Activities	238	82	-43	-160	213	-51	-149	-180	146	95	-24
Repayment of Debt	-16	-101	-163	-340	-41	-135	-329	-293	-53	-123	-80
Repurchase of Common Equity	-4.01	-50	-50	-0.43	-5.15	-0.01	-0.25	-17	-1.59	-50	-100
Issuance of Debt	257	234	170	180	259	84	180	130	201	269	156
Issuance of Common Equity	0.30	0.28	0.27	0.34	0.40	0.30	0.29	0.32	0.32	0.36	0.43
Other Financing Activities, net	0.01	-0.50	-	-	0.00	-	-	-	0.03	-0.56	-0.00
Cash Interest Paid	0.00	-	-	-	0.00	-4.11	1.56	0.79	1.82	-	-
Cash Income Taxes Paid	2.00	20	19	45	1.44	17	20	15	0.73	9.35	1.67

This table presents Trex's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	1,324	933	934	920	770	592	465	326	221	212
Total Current Assets	319	172	287	401	322	303	270	149	106	99
Cash & Equivalents	1.29	1.96	12	141	122	149	106	31	19	6.00
Accounts Receivable	88	41	98	151	107	78	91	67	48	47
Inventories, net	207	107	141	84	68	56	58	35	29	23
Prepaid Expenses	22	22	35	25	25	20	16	17	10	13
Plant, Property, & Equipment, net	923	709	590	460	337	171	117	103	103	101
Total Noncurrent Assets	83	51	57	59	112	118	78	74	12	12
Goodwill	22	18	19	19	74	-	75	71	11	11
Other Noncurrent Operating Assets	60	33	38	40	38	44	3.25	3.00	1.97	1.52
Total Liabilities & Shareholders' Equity	1,324	933	934	920	770	592	465	326	221	212
Total Liabilities	474	216	415	195	182	143	122	95	87	96
Total Current Liabilities	342	91	291	89	106	79	93	63	51	60
Short-Term Debt	203	5.50	222	0.00	-	-	-	-	0.00	7.00
Accounts Payable	61	24	20	25	39	15	31	9.95	11	18
Accrued Expenses	79	62	49	64	68	63	62	53	41	36
Total Noncurrent Liabilities	132	125	125	107	76	64	29	32	36	35
Noncurrent Deferred & Payable Income Tax Liabilities	56	72	68	44	23	9.83	2.13	1.29	0.89	4.60
Other Noncurrent Operating Liabilities	76	53	57	63	53	55	27	31	35	30
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	850	717	518	725	589	449	343	231	134	116
Total Preferred & Common Equity	850	717	518	725	589	449	343	231	134	116
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	850	717	518	725	589	449	343	231	134	116
Common Stock	150	142	133	129	127	125	125	122	120	117
Retained Earnings	1,562	1,336	1,131	946	737	562	417	282	187	119
Treasury Stock	-862	-761	-745	-350	-276	-237	-199	-174	-174	-120

This table presents Trex's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,641	1,267	1,270	1,293	997	1,070	1,133	842
Total Current Assets	592	353	434	513	273	369	459	245
Cash & Equivalents	4.96	13	1.17	3.05	4.64	4.23	3.92	5.89
Accounts Receivable	391	140	270	373	201	267	302	89
Inventories, net	176	188	149	124	60	74	128	132
Prepaid Expenses	20	12	14	13	7.13	24	26	19
Plant, Property, & Equipment, net	967	853	774	730	671	646	618	536
Total Noncurrent Assets	82	62	62	50	53	55	56	60
Goodwill	24	19	18	18	18	18	18	19
Other Noncurrent Operating Assets	58	42	44	32	34	36	38	41
Total Liabilities & Shareholders' Equity	1,641	1,267	1,270	1,293	997	1,070	1,133	842
Total Liabilities	731	379	375	489	305	446	573	285
Total Current Liabilities	602	251	244	369	182	323	448	181
Short-Term Debt	444	70	63	223	57	206	370	76
Accounts Payable	46	61	59	49	32	32	23	22
Accrued Expenses	112	120	122	97	94	85	55	83
Total Noncurrent Liabilities	130	128	131	120	123	123	125	105
Noncurrent Deferred & Payable Income Tax Liabilities	56	67	67	67	68	68	68	44
Other Noncurrent Operating Liabilities	74	61	63	52	55	55	57	61
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	910	888	895	804	692	624	560	557
Total Preferred & Common Equity	910	888	895	804	692	624	560	557
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	910	888	895	804	692	624	560	557
Common Stock	149	147	144	140	138	136	134	131
Retained Earnings	1,623	1,553	1,512	1,425	1,314	1,249	1,172	1,121
Treasury Stock	-862	-811	-761	-761	-761	-761	-745	-695

This table displays calculated financial ratios and metrics derived from Trex's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.17%	-1.01%	-7.60%	35.89%	18.18%	8.93%	21.07%	17.83%	8.80%	12.55%
EBITDA Growth	10.40%	18.43%	-11.47%	23.75%	24.40%	4.64%	21.37%	34.43%	29.05%	10.55%
EBIT Growth	10.67%	19.41%	-16.00%	17.87%	24.14%	6.53%	24.08%	36.96%	34.30%	14.12%
NOPAT Growth	10.22%	11.29%	-11.58%	19.35%	21.79%	6.82%	40.85%	39.14%	41.46%	15.26%
Net Income Growth	10.23%	11.24%	-11.55%	18.85%	21.34%	7.55%	41.46%	40.21%	41.06%	15.84%
EPS Growth	10.58%	14.55%	-8.33%	19.21%	21.77%	7.55%	41.46%	40.21%	41.06%	19.69%
Operating Cash Flow Growth	-63.04%	80.10%	-16.21%	37.79%	19.79%	13.20%	35.59%	19.43%	36.18%	6.81%
Free Cash Flow Firm Growth	-149.18%	426.34%	-55.77%	990.80%	-89.57%	-17.76%	859.97%	-85.55%	102.42%	-15.12%
Invested Capital Growth	45.99%	-1.07%	24.67%	25.10%	55.43%	26.59%	18.20%	73.80%	-1.68%	13.12%
Revenue Q/Q Growth	-2.38%	0.33%	-9.19%	6.75%	7.77%	3.44%	2.66%	5.00%	1.29%	3.52%
EBITDA Q/Q Growth	-3.28%	4.98%	-9.98%	-6.85%	5.83%	7.51%	2.96%	4.43%	5.94%	4.83%
EBIT Q/Q Growth	-3.98%	5.14%	-11.90%	-9.15%	5.38%	8.04%	4.07%	4.07%	6.67%	6.21%
NOPAT Q/Q Growth	-4.35%	5.11%	-7.49%	-7.99%	4.91%	7.67%	5.07%	6.27%	6.97%	6.52%
Net Income Q/Q Growth	-5.11%	6.14%	-7.49%	-8.05%	4.65%	7.68%	5.38%	6.34%	7.18%	6.50%
EPS Q/Q Growth	-4.57%	5.00%	-8.84%	-8.63%	4.14%	7.68%	5.38%	6.34%	7.18%	4.83%
Operating Cash Flow Q/Q Growth	-43.25%	49.75%	-44.47%	-10.34%	168.02%	28.43%	11.03%	7.74%	-36.38%	145.93%
Free Cash Flow Firm Q/Q Growth	-398.65%	171.40%	-83.09%	8.92%	112.53%	24.95%	5.68%	652.51%	-41.45%	1,702.97%
Invested Capital Q/Q Growth	11.26%	-3.13%	16.18%	-12.42%	-10.91%	3.47%	7.19%	7.90%	18.36%	-23.71%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	42.18%	41.32%	36.53%	38.47%	40.81%	41.12%	43.10%	43.06%	39.01%	35.13%
EBITDA Margin	31.29%	29.81%	24.92%	26.01%	28.56%	27.13%	28.24%	28.18%	24.70%	20.82%
Operating Margin	26.55%	25.23%	22.31%	23.01%	26.52%	25.25%	25.82%	25.19%	21.67%	17.56%
EBIT Margin	26.55%	25.23%	20.91%	23.01%	26.52%	25.25%	25.82%	25.19%	21.67%	17.56%
Profit (Net Income) Margin	19.66%	18.76%	16.69%	17.44%	19.94%	19.42%	19.67%	16.83%	14.15%	10.91%
Tax Burden Percent	74.06%	74.36%	74.80%	75.80%	74.85%	76.30%	76.09%	67.03%	65.98%	62.64%
Interest Burden Percent	100.00%	100.00%	106.71%	100.01%	100.43%	100.80%	100.11%	99.68%	98.92%	99.20%
Effective Tax Rate	25.94%	25.64%	25.20%	24.20%	25.15%	23.70%	23.91%	32.97%	34.02%	37.36%
Return on Invested Capital (ROIC)	25.56%	28.36%	28.13%	39.73%	45.59%	53.42%	61.38%	60.36%	58.88%	43.82%
ROIC Less NNEP Spread (ROIC-NNEP)	25.56%	28.36%	28.36%	39.72%	45.04%	52.52%	61.17%	61.62%	67.29%	52.90%
Return on Net Nonoperating Assets (RNNOA)	3.34%	4.90%	1.57%	-7.94%	-11.74%	-16.88%	-14.51%	-8.29%	-4.74%	-1.97%
Return on Equity (ROE)	28.90%	33.26%	29.70%	31.78%	33.85%	36.54%	46.87%	52.07%	54.14%	41.85%
Cash Return on Invested Capital (CROIC)	-11.84%	29.44%	6.17%	17.43%	2.19%	29.95%	44.70%	6.45%	60.58%	31.50%
Operating Return on Assets (OROA)	27.08%	29.59%	24.95%	32.57%	34.29%	35.60%	44.65%	52.00%	47.97%	37.96%
Return on Assets (ROA)	20.06%	22.01%	19.92%	24.69%	25.78%	27.38%	34.01%	34.74%	31.31%	23.59%
Return on Common Equity (ROCE)	28.90%	33.26%	29.70%	31.78%	33.85%	36.54%	46.87%	52.07%	54.14%	41.85%
Return on Equity Simple (ROE_SIMPLE)	26.63%	28.66%	35.62%	28.79%	29.84%	32.22%	39.24%	41.14%	50.57%	41.30%
Net Operating Profit after Tax (NOPAT)	226	205	185	209	175	144	134	95	69	48
NOPAT Margin	19.66%	18.76%	16.69%	17.44%	19.85%	19.27%	19.65%	16.89%	14.30%	11.00%
Net Nonoperating Expense Percent (NNEP)	-0.01%	0.00%	-0.22%	0.01%	0.55%	0.90%	0.21%	-1.26%	-8.41%	-9.08%
Return On Investment Capital (ROIC_SIMPLE)	21.50%	28.44%	24.93%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	57.82%	58.68%	63.47%	61.53%	59.19%	58.88%	56.90%	56.94%	60.99%	64.87%
SG&A Expenses to Revenue	15.63%	16.09%	12.82%	11.67%	14.28%	15.87%	17.28%	17.87%	17.33%	17.57%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	15.63%	16.09%	12.82%	15.47%	14.28%	15.87%	17.28%	17.87%	17.33%	17.57%
Earnings before Interest and Taxes (EBIT)	306	276	231	275	234	188	177	142	104	77
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	360	326	276	311	252	202	193	159	118	92
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.70	12.55	8.96	21.44	16.47	11.67	10.17	13.79	14.11	10.08
Price to Tangible Book Value (P/TBV)	8.93	12.87	9.29	22.02	18.83	13.98	12.99	19.94	15.31	11.08
Price to Revenue (P/Rev)	6.42	8.21	4.20	12.99	11.01	7.03	5.10	5.64	3.95	2.66
Price to Earnings (P/E)	32.67	43.77	25.16	74.47	55.19	36.23	25.92	33.53	27.90	24.41
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.06%	2.28%	3.97%	1.34%	1.81%	2.76%	3.86%	2.98%	3.58%	4.10%
Enterprise Value to Invested Capital (EV/IC)	7.23	12.49	6.67	26.38	20.50	16.96	14.25	15.74	16.23	10.00
Enterprise Value to Revenue (EV/Rev)	6.60	8.22	4.39	12.87	10.87	6.84	4.94	5.59	3.91	2.67
Enterprise Value to EBITDA (EV/EBITDA)	21.08	27.56	17.62	49.48	38.05	25.19	17.50	19.84	15.82	12.80
Enterprise Value to EBIT (EV/EBIT)	24.85	32.56	20.99	55.94	40.97	27.07	19.14	22.19	18.03	15.18
Enterprise Value to NOPAT (EV/NOPAT)	33.56	43.79	26.31	73.80	54.73	35.48	25.16	33.10	27.33	24.24
Enterprise Value to Operating Cash Flow (EV/OCF)	52.79	23.10	22.45	59.69	51.11	32.58	24.49	31.01	21.98	18.76
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	42.19	119.86	168.20	1,140.17	63.27	34.55	309.75	26.56	33.71
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.24	0.01	0.43	0.00	0.00	0.00	0.00	0.00	0.00	0.06
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.13	0.17	0.06	-0.20	-0.26	-0.32	-0.24	-0.13	-0.07	-0.04
Leverage Ratio	1.44	1.51	1.49	1.29	1.31	1.33	1.38	1.50	1.73	1.77
Compound Leverage Factor	1.44	1.51	1.59	1.29	1.32	1.35	1.38	1.49	1.71	1.76
Debt to Total Capital	19.25%	0.76%	29.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.67%
Short-Term Debt to Total Capital	19.25%	0.76%	29.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.67%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	80.76%	99.24%	70.01%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	94.33%
Debt to EBITDA	0.56	0.02	0.81	0.00	0.00	0.00	0.00	0.00	0.00	0.08
Net Debt to EBITDA	0.56	0.01	0.76	0.00	0.00	0.00	0.00	0.00	0.00	0.01
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.89	0.03	1.20	0.00	0.00	0.00	0.00	0.00	0.00	0.14
Net Debt to NOPAT	0.89	0.02	1.14	0.00	0.00	0.00	0.00	0.00	0.00	0.02
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	12.62	29.21	10.40	51.89	35.78	26.08	21.57	24.85	18.21	11.67
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.93	1.89	0.99	4.52	3.03	3.85	2.91	2.38	2.06	1.64
Quick Ratio	0.26	0.47	0.38	3.29	2.15	2.89	2.12	1.56	1.30	0.88
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-105	213	41	92	8.40	81	98	10	71	35
Operating Cash Flow to CapEx	61.98%	234.46%	122.73%	163.29%	109.75%	232.51%	409.45%	679.78%	836.04%	268.84%
Free Cash Flow to Firm to Interest Expense	0.00	42,639.94	0.00	0.00	0.00	0.00	0.00	22.12	62.72	56.31
Operating Cash Flow to Interest Expense	0.00	77,884.00	0.00	0.00	0.00	0.00	0.00	220.97	75.82	101.19
Operating Cash Flow Less CapEx to Interest Expense	0.00	44,666.20	0.00	0.00	0.00	0.00	0.00	188.46	66.75	63.55
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.02	1.17	1.19	1.42	1.29	1.41	1.73	2.06	2.21	2.16
Accounts Receivable Turnover	17.78	15.73	8.88	9.28	9.51	8.79	8.66	9.84	10.05	10.52
Inventory Turnover	4.24	5.17	6.24	9.69	8.39	7.71	8.43	10.20	11.33	12.21
Fixed Asset Turnover	1.41	1.69	2.11	3.00	3.47	5.17	6.21	5.48	4.70	4.42
Accounts Payable Turnover	15.62	29.27	31.34	23.20	19.36	18.95	18.98	31.06	20.53	15.14
Days Sales Outstanding (DSO)	20.52	23.20	41.11	39.31	38.37	41.53	42.15	37.11	36.31	34.69
Days Inventory Outstanding (DIO)	86.17	70.58	58.52	37.67	43.53	47.37	43.27	35.77	32.22	29.90
Days Payable Outstanding (DPO)	23.36	12.47	11.64	15.73	18.85	19.26	19.24	11.75	17.78	24.12
Cash Conversion Cycle (CCC)	83.33	81.31	87.98	61.25	63.05	69.64	66.19	61.13	50.75	40.47
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,051	720	728	584	467	300	237	201	115	117
Invested Capital Turnover	1.30	1.51	1.69	2.28	2.30	2.77	3.12	3.57	4.12	3.98
Increase / (Decrease) in Invested Capital	331	-7.81	144	117	166	63	37	85	-1.97	14
Enterprise Value (EV)	7,597	8,994	4,855	15,403	9,572	5,094	3,382	3,159	1,874	1,175
Market Capitalization	7,396	8,991	4,645	15,544	9,694	5,243	3,488	3,189	1,893	1,174
Book Value per Share	$7.93	$6.60	$4.72	$6.30	$5.08	$7.70	$5.84	$7.86	$4.56	$3.77
Tangible Book Value per Share	$7.73	$6.43	$4.55	$6.13	$4.45	$6.43	$4.57	$5.44	$4.21	$3.43
Total Capital	1,053	722	740	725	589	449	343	231	134	123
Total Debt	203	5.50	222	0.00	0.00	0.00	0.00	0.00	0.00	7.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	201	3.54	210	-141	-122	-149	-106	-31	-19	1.01
Capital Expenditures (CapEx)	232	166	176	158	171	67	34	15	10	23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	178	85	206	171	94	76	72	56	36	40
Debt-free Net Working Capital (DFNWC)	179	87	218	312	216	225	177	86	54	46
Net Working Capital (NWC)	-24	81	-3.76	312	216	225	177	86	54	39
Net Nonoperating Expense (NNE)	-0.01	0.00	-0.08	-0.01	-0.75	-1.15	-0.15	0.31	0.74	0.39
Net Nonoperating Obligations (NNO)	201	3.54	210	-141	-122	-149	-106	-31	-19	1.01
Total Depreciation and Amortization (D&A)	55	50	44	36	18	14	17	17	14	14
Debt-free, Cash-free Net Working Capital to Revenue	15.44%	7.74%	18.62%	14.31%	10.67%	10.16%	10.49%	9.87%	7.42%	8.98%
Debt-free Net Working Capital to Revenue	15.55%	7.92%	19.73%	26.10%	24.48%	30.12%	25.93%	15.27%	11.31%	10.34%
Net Working Capital to Revenue	-2.05%	7.42%	-0.34%	26.10%	24.48%	30.12%	25.93%	15.27%	11.31%	8.75%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.09	$1.89	$1.65	$1.81	$1.52	$0.62	$0.57	$0.41	$0.29	$0.19
Adjusted Weighted Average Basic Shares Outstanding	108.19M	108.68M	111.71M	115.46M	115.89M	233.72M	234.96M	235.14M	235.16M	250.80M
Adjusted Diluted Earnings per Share	$2.09	$1.89	$1.65	$1.80	$1.51	$0.62	$0.57	$0.40	$0.29	$0.19
Adjusted Weighted Average Diluted Shares Outstanding	108.32M	108.81M	111.88M	115.76M	116.25M	234.63M	236.27M	236.60M	236.90M	253.46M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	107.16M	108.62M	108.76M	114.61M	115.80M	232.77M	234.04M	235.43M	235.07M	238.77M
Normalized Net Operating Profit after Tax (NOPAT)	226	205	185	243	175	144	134	95	69	48
Normalized NOPAT Margin	19.66%	18.76%	16.69%	20.32%	19.85%	19.27%	19.65%	16.89%	14.30%	11.00%
Pre Tax Income Margin	26.55%	25.23%	22.32%	23.01%	26.64%	25.45%	25.85%	25.11%	21.44%	17.42%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	55,240.80	0.00	0.00	0.00	0.00	0.00	308.85	92.40	125.05
NOPAT to Interest Expense	0.00	41,077.54	0.00	0.00	0.00	0.00	0.00	207.02	60.97	78.33
EBIT Less CapEx to Interest Expense	0.00	22,023.00	0.00	0.00	0.00	0.00	0.00	276.34	83.34	87.41
NOPAT Less CapEx to Interest Expense	0.00	7,859.74	0.00	0.00	0.00	0.00	0.00	174.52	51.90	40.69
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	46.79%	8.98%	215.78%	39.51%	25.54%	32.16%	22.36%	3.80%	81.38%	110.84%

This table displays calculated financial ratios and metrics derived from Trex's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-9.00%	-14.36%	-23.08%	5.59%	56.52%	1.90%	61.21%	-7.69%	-29.63%	-36.80%	-43.89%
EBITDA Growth	-27.98%	-29.71%	-31.65%	11.37%	93.38%	60.30%	222.43%	-9.36%	-34.68%	-37.09%	-71.47%
EBIT Growth	-31.38%	-45.06%	-37.12%	11.58%	108.98%	92.34%	346.30%	-11.07%	-40.02%	-51.95%	-80.27%
NOPAT Growth	-32.08%	-51.45%	-37.34%	11.52%	109.00%	99.75%	348.70%	-12.18%	-40.16%	-59.73%	-80.45%
Net Income Growth	-32.15%	-55.49%	-37.87%	12.93%	116.55%	117.85%	352.51%	-13.36%	-42.24%	-59.75%	-80.46%
EPS Growth	-31.71%	-50.00%	-38.33%	12.68%	115.79%	81.82%	361.54%	-10.13%	-38.71%	-50.00%	-79.69%
Operating Cash Flow Growth	11.51%	-108.37%	-26.43%	-13.24%	-50.73%	459.19%	231.69%	92.27%	-256.30%	-119.43%	-58.57%
Free Cash Flow Firm Growth	-2,754.38%	-1,250.66%	-208.81%	63.72%	96.66%	120.85%	-195.60%	-178.10%	-251.29%	-45.41%	179.04%
Invested Capital Growth	31.73%	45.99%	27.11%	15.93%	10.62%	-1.07%	18.65%	32.08%	52.80%	24.67%	-6.02%
Revenue Q/Q Growth	102.83%	-28.28%	-37.92%	0.76%	90.88%	-35.58%	-14.78%	49.36%	24.27%	1.92%	-51.20%
EBITDA Q/Q Growth	231.82%	-57.44%	-47.90%	-2.11%	223.84%	-58.61%	-15.11%	69.98%	168.45%	-16.76%	-76.14%
EBIT Q/Q Growth	428.46%	-71.54%	-53.55%	-1.77%	323.14%	-67.43%	-17.57%	83.97%	289.44%	-24.43%	-83.57%
NOPAT Q/Q Growth	519.12%	-75.90%	-53.39%	-2.32%	342.55%	-68.90%	-17.04%	83.05%	322.98%	-30.14%	-83.76%
Net Income Q/Q Growth	518.50%	-75.91%	-53.39%	-2.33%	305.77%	-66.37%	-15.28%	87.29%	308.21%	-30.14%	-83.78%
EPS Q/Q Growth	460.00%	-72.97%	-53.75%	-2.44%	310.00%	-66.67%	-15.49%	86.84%	245.45%	-15.38%	-83.54%
Operating Cash Flow Q/Q Growth	-1,717.69%	-106.38%	-31.46%	211.29%	-271.99%	-43.92%	-19.17%	293.34%	-309.86%	-151.79%	-53.15%
Free Cash Flow Firm Q/Q Growth	17.73%	-99.66%	-262.38%	-379.52%	-133.17%	153.58%	57.43%	55.83%	-106.97%	-345.65%	-65.22%
Invested Capital Q/Q Growth	28.31%	11.26%	-1.22%	-6.58%	42.19%	-3.13%	-9.91%	-10.85%	27.16%	16.18%	0.29%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	40.51%	32.66%	39.88%	44.65%	45.40%	36.09%	43.08%	43.88%	39.56%	34.09%	24.52%
EBITDA Margin	28.21%	17.24%	29.06%	34.63%	35.64%	21.01%	32.70%	32.83%	28.85%	13.35%	16.35%
Operating Margin	24.02%	9.22%	23.23%	31.05%	31.85%	14.37%	28.42%	29.38%	23.86%	7.61%	10.27%
EBIT Margin	24.02%	9.22%	23.23%	31.05%	31.85%	14.37%	28.42%	29.38%	23.86%	7.61%	10.27%
Profit (Net Income) Margin	17.78%	5.83%	17.35%	23.11%	23.84%	11.21%	21.48%	21.61%	17.23%	5.25%	7.65%
Tax Burden Percent	74.07%	63.23%	74.67%	74.42%	74.84%	71.56%	74.93%	74.46%	74.83%	68.90%	74.53%
Interest Burden Percent	99.91%	100.01%	100.01%	100.00%	100.00%	109.07%	100.85%	98.75%	96.51%	100.01%	100.00%
Effective Tax Rate	25.93%	36.77%	25.33%	25.58%	25.16%	28.44%	25.07%	25.54%	25.17%	31.10%	25.47%
Return on Invested Capital (ROIC)	16.76%	7.58%	24.24%	32.41%	30.07%	15.55%	33.93%	29.45%	23.44%	8.84%	14.41%
ROIC Less NNEP Spread (ROIC-NNEP)	16.74%	7.58%	24.25%	32.41%	30.07%	17.26%	34.83%	28.40%	22.25%	8.85%	14.41%
Return on Net Nonoperating Assets (RNNOA)	6.44%	0.99%	1.67%	5.63%	12.91%	2.98%	3.40%	4.16%	4.35%	0.49%	0.18%
Return on Equity (ROE)	23.20%	8.57%	25.91%	38.04%	42.97%	18.52%	37.33%	33.60%	27.79%	9.33%	14.59%
Cash Return on Invested Capital (CROIC)	-10.72%	-11.84%	4.16%	14.52%	15.75%	29.44%	11.47%	-7.64%	-21.41%	6.17%	37.05%
Operating Return on Assets (OROA)	18.30%	9.41%	24.21%	33.17%	32.29%	16.86%	33.74%	29.30%	22.79%	9.08%	13.93%
Return on Assets (ROA)	13.54%	5.95%	18.08%	24.69%	24.17%	13.16%	25.50%	21.55%	16.46%	6.26%	10.38%
Return on Common Equity (ROCE)	23.20%	8.57%	25.91%	38.04%	42.97%	18.52%	37.33%	33.60%	27.79%	9.33%	14.59%
Return on Equity Simple (ROE_SIMPLE)	21.73%	0.00%	26.87%	29.42%	31.50%	0.00%	27.98%	22.88%	27.59%	0.00%	35.86%
Net Operating Profit after Tax (NOPAT)	60	9.77	41	87	89	20	65	78	43	10	14
NOPAT Margin	17.79%	5.83%	17.35%	23.11%	23.84%	10.28%	21.30%	21.88%	17.85%	5.25%	7.65%
Net Nonoperating Expense Percent (NNEP)	0.02%	0.00%	-0.01%	0.00%	0.00%	-1.71%	-0.90%	1.05%	1.19%	0.00%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	4.47%	0.93%	-	-	-	2.79%	-	-	-	1.36%	-
Cost of Revenue to Revenue	59.49%	67.34%	60.12%	55.35%	54.60%	63.91%	56.92%	56.12%	60.44%	65.91%	75.48%
SG&A Expenses to Revenue	16.49%	23.44%	16.64%	13.60%	13.54%	21.72%	14.66%	14.50%	15.70%	18.45%	14.25%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	16.49%	23.44%	16.64%	13.60%	13.54%	21.72%	14.66%	14.50%	15.70%	18.45%	14.25%
Earnings before Interest and Taxes (EBIT)	82	15	54	117	119	28	86	105	57	15	19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	96	29	68	130	133	41	99	117	69	26	31
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.84	8.70	8.15	9.00	13.47	12.55	9.67	11.44	9.45	8.96	8.71
Price to Tangible Book Value (P/TBV)	7.02	8.93	8.33	9.19	13.78	12.87	9.94	11.79	9.77	9.29	9.01
Price to Revenue (P/Rev)	5.57	6.42	6.14	6.45	8.81	8.21	6.13	7.31	5.26	4.20	3.98
Price to Earnings (P/E)	31.48	32.67	30.34	30.60	42.76	43.77	34.58	50.00	34.25	25.16	24.28
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.18%	3.06%	3.30%	3.27%	2.34%	2.28%	2.89%	2.00%	2.92%	3.97%	4.12%
Enterprise Value to Invested Capital (EV/IC)	4.94	7.23	7.72	8.49	10.79	12.49	9.07	8.89	6.11	6.67	7.84
Enterprise Value to Revenue (EV/Rev)	5.96	6.60	6.18	6.50	8.99	8.22	6.18	7.52	5.63	4.39	4.04
Enterprise Value to EBITDA (EV/EBITDA)	20.63	21.08	19.58	20.09	28.29	27.56	21.69	30.26	22.24	17.62	16.05
Enterprise Value to EBIT (EV/EBIT)	24.84	24.85	22.91	23.17	32.67	32.56	25.67	37.48	27.11	20.99	18.72
Enterprise Value to NOPAT (EV/NOPAT)	33.69	33.56	30.82	31.12	43.89	43.79	34.51	50.55	36.29	26.31	24.64
Enterprise Value to Operating Cash Flow (EV/OCF)	40.65	52.79	28.77	26.95	33.41	23.10	25.93	54.73	210.60	22.45	12.62
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	207.78	62.73	72.00	42.19	85.83	0.00	0.00	119.86	20.51
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.49	0.24	0.08	0.07	0.28	0.01	0.08	0.33	0.66	0.43	0.14
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.38	0.13	0.07	0.17	0.43	0.17	0.10	0.15	0.20	0.06	0.01
Leverage Ratio	1.71	1.44	1.43	1.54	1.78	1.51	1.47	1.55	1.64	1.49	1.41
Compound Leverage Factor	1.71	1.44	1.43	1.54	1.78	1.65	1.49	1.53	1.59	1.49	1.41
Debt to Total Capital	32.79%	19.25%	7.31%	6.58%	21.71%	0.76%	7.55%	24.83%	39.75%	29.99%	12.02%
Short-Term Debt to Total Capital	32.79%	19.25%	7.31%	6.58%	21.71%	0.76%	7.55%	24.83%	39.75%	29.99%	12.02%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	67.21%	80.76%	92.69%	93.42%	78.29%	99.24%	92.45%	75.17%	60.26%	70.01%	87.98%
Debt to EBITDA	1.37	0.56	0.19	0.16	0.57	0.02	0.18	0.85	1.45	0.81	0.25
Net Debt to EBITDA	1.36	0.56	0.15	0.15	0.56	0.01	0.17	0.83	1.44	0.76	0.23
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	2.24	0.89	0.30	0.24	0.89	0.03	0.29	1.42	2.37	1.20	0.38
Net Debt to NOPAT	2.22	0.89	0.24	0.24	0.87	0.02	0.27	1.39	2.34	1.14	0.35
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	7.33	11.90	14.33	16.02	16.23	28.33	16.49	12.51	8.06	9.64	13.67
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.98	0.93	1.40	1.78	1.39	1.89	1.50	1.14	1.03	0.99	1.36
Quick Ratio	0.66	0.26	0.61	1.11	1.02	0.47	1.13	0.84	0.68	0.38	0.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-264	-321	-161	-44	-9.27	28	-52	-122	-277	-134	55
Operating Cash Flow to CapEx	-194.14%	-10.48%	169.60%	545.87%	-462.71%	190.33%	590.40%	517.21%	-294.63%	-41.40%	130.91%
Free Cash Flow to Firm to Interest Expense	-3,480.00	0.00	0.00	0.00	0.00	0.00	0.00	-93.84	-139.68	0.00	0.00
Operating Cash Flow to Interest Expense	-2,026.49	0.00	0.00	0.00	0.00	0.00	0.00	171.07	-58.17	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-3,070.30	0.00	0.00	0.00	0.00	0.00	0.00	138.00	-77.92	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.76	1.02	1.04	1.07	1.01	1.17	1.19	1.00	0.96	1.19	1.36
Accounts Receivable Turnover	2.92	17.78	6.92	4.66	3.64	15.73	7.53	4.39	4.00	8.88	6.87
Inventory Turnover	4.42	4.24	5.46	6.38	5.58	5.17	6.69	7.01	5.68	6.24	7.40
Fixed Asset Turnover	1.32	1.41	1.55	1.76	1.83	1.69	1.81	1.70	1.85	2.11	2.53
Accounts Payable Turnover	13.99	15.62	14.54	15.53	19.37	29.27	23.99	13.62	15.13	31.34	22.62
Days Sales Outstanding (DSO)	124.82	20.52	52.75	78.40	100.25	23.20	48.45	83.20	91.29	41.11	53.09
Days Inventory Outstanding (DIO)	82.54	86.17	66.84	57.25	65.41	70.58	54.56	52.04	64.23	58.52	49.33
Days Payable Outstanding (DPO)	26.09	23.36	25.11	23.50	18.84	12.47	15.21	26.80	24.12	11.64	16.13
Cash Conversion Cycle (CCC)	181.27	83.33	94.49	112.15	146.82	81.31	87.79	108.45	131.40	87.98	86.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,349	1,051	945	957	1,024	720	744	825	926	728	627
Invested Capital Turnover	0.94	1.30	1.40	1.40	1.26	1.51	1.59	1.35	1.31	1.69	1.88
Increase / (Decrease) in Invested Capital	325	331	202	131	98	-7.81	117	200	320	144	-40
Enterprise Value (EV)	6,665	7,597	7,295	8,118	11,052	8,994	6,743	7,335	5,659	4,855	4,915
Market Capitalization	6,226	7,396	7,238	8,056	10,832	8,991	6,691	7,133	5,293	4,645	4,845
Book Value per Share	$8.49	$7.93	$8.17	$8.23	$7.40	$6.60	$6.37	$5.73	$5.15	$4.72	$5.05
Tangible Book Value per Share	$8.27	$7.73	$7.99	$8.07	$7.24	$6.43	$6.20	$5.56	$4.98	$4.55	$4.88
Total Capital	1,354	1,053	958	958	1,027	722	748	830	930	740	633
Total Debt	444	203	70	63	223	5.50	57	206	370	222	76
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	439	201	57	62	220	3.54	52	202	366	210	70
Capital Expenditures (CapEx)	79	81	78	35	38	53	31	43	39	68	42
Debt-free, Cash-free Net Working Capital (DFCFNWC)	430	178	159	251	364	85	143	248	377	206	135
Debt-free Net Working Capital (DFNWC)	435	179	172	252	367	87	147	253	381	218	141
Net Working Capital (NWC)	-9.37	-24	102	189	144	81	91	47	12	-3.76	65
Net Nonoperating Expense (NNE)	0.06	-0.00	-0.00	0.00	-0.00	-1.83	-0.55	0.97	1.49	-0.00	0.00
Net Nonoperating Obligations (NNO)	439	201	57	62	220	3.54	52	202	366	210	70
Total Depreciation and Amortization (D&A)	14	13	14	13	14	13	13	12	12	11	11
Debt-free, Cash-free Net Working Capital to Revenue	38.43%	15.44%	13.45%	20.10%	29.61%	7.74%	13.07%	25.46%	37.52%	18.62%	11.07%
Debt-free Net Working Capital to Revenue	38.88%	15.55%	14.54%	20.20%	29.86%	7.92%	13.50%	25.89%	37.91%	19.73%	11.55%
Net Working Capital to Revenue	-0.84%	-2.05%	8.60%	15.16%	11.72%	7.42%	8.32%	4.78%	1.17%	-0.34%	5.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.56	$0.10	$0.37	$0.80	$0.82	$0.20	$0.60	$0.71	$0.38	$0.11	$0.13
Adjusted Weighted Average Basic Shares Outstanding	107.18M	108.19M	108.26M	108.69M	108.64M	108.68M	108.58M	108.77M	108.77M	111.71M	110.14M
Adjusted Diluted Earnings per Share	$0.56	$0.10	$0.37	$0.80	$0.82	$0.20	$0.60	$0.71	$0.38	$0.11	$0.13
Adjusted Weighted Average Diluted Shares Outstanding	107.28M	108.32M	108.38M	108.81M	108.79M	108.81M	108.70M	108.87M	108.92M	111.88M	110.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	107.23M	107.16M	107.14M	108.71M	108.69M	108.62M	108.60M	108.56M	108.80M	108.76M	109.74M
Normalized Net Operating Profit after Tax (NOPAT)	60	9.77	41	87	89	20	65	78	43	10	14
Normalized NOPAT Margin	17.79%	5.83%	17.35%	23.11%	23.84%	10.28%	21.30%	21.88%	17.85%	5.25%	7.65%
Pre Tax Income Margin	24.00%	9.22%	23.24%	31.05%	31.85%	15.67%	28.67%	29.02%	23.02%	7.61%	10.27%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1,074.51	0.00	0.00	0.00	0.00	0.00	0.00	80.28	28.69	0.00	0.00
NOPAT to Interest Expense	795.92	0.00	0.00	0.00	0.00	0.00	0.00	59.78	21.47	0.00	0.00
EBIT Less CapEx to Interest Expense	30.70	0.00	0.00	0.00	0.00	0.00	0.00	47.20	8.95	0.00	0.00
NOPAT Less CapEx to Interest Expense	-247.89	0.00	0.00	0.00	0.00	0.00	0.00	26.70	1.73	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	53.00%	46.79%	23.33%	2.21%	8.69%	8.98%	35.59%	118.22%	208.38%	215.78%	186.13%

Frequently Asked Questions About Trex's Financials

When does Trex's financial year end?

According to the most recent income statement we have on file, Trex's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Trex's net income changed over the last 9 years?

Trex's net income appears to be on an upward trend, with a most recent value of $226.39 million in 2024, rising from $48.10 million in 2015. The previous period was $205.38 million in 2023. Find out what analysts predict for Trex in the coming months.

What is Trex's operating income?

Trex's total operating income in 2024 was $305.67 million, based on the following breakdown:

Total Gross Profit: $485.67 million
Total Operating Expenses: $180.00 million

How has Trex revenue changed over the last 9 years?

Over the last 9 years, Trex's total revenue changed from $440.80 million in 2015 to $1.15 billion in 2024, a change of 161.2%.

How much debt does Trex have?

Trex's total liabilities were at $474.16 million at the end of 2024, a 119.3% increase from 2023, and a 396.3% increase since 2015.

How much cash does Trex have?

In the past 9 years, Trex's cash and equivalents has ranged from $1.29 million in 2024 to $148.83 million in 2019, and is currently $1.29 million as of their latest financial filing in 2024.

How has Trex's book value per share changed over the last 9 years?

Over the last 9 years, Trex's book value per share changed from 3.77 in 2015 to 7.93 in 2024, a change of 110.3%.

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This page (NYSE:TREX) was last updated on 5/21/2025 by MarketBeat.com Staff

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Trex (TREX) Financials

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Trex (TREX) Financials

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