TREX Co Inc (TREX) financial statements: income statement, balance sheet and cash flow

TREX Co Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2024 · FY), TREX Co Inc reported revenue of $1.2B (+5.2% year on year) and net income of $238.4M (+16.1% year on year).

Income statement

TREX Co Inc income statement, fiscal years

Line item	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY	Dec 31, 2021 · FY
Net sales	$1.2B	$1.1B	$1.1B	$1.2B
Cost of sales	$649.6M	$642.4M	$702.1M	$736.4M
Gross profit	$501.9M	$452.4M	$404.0M	$460.5M
Selling, general and administrative expenses	$180.0M	$176.2M	$141.8M	$139.6M
Income from operations	$321.9M	$276.2M	$246.7M	$275.4M
Interest (income) expense, net	($11.0K)	$5.0K	($103.0K)	$15.0K
Income before income taxes	$321.9M	$276.2M	$246.8M	$275.4M
Provision for income taxes	$83.5M	$70.8M	$62.2M	$66.7M
Net income	$238.4M	$205.4M	$184.6M	$208.7M
Basic earnings per common share	$2.20	$1.89	$1.65	$1.81
Basic weighted average common shares outstanding	108.2M	108.7M	111.7M	115.5M
Diluted earnings per common share	$2.20	$1.89	$1.65	$1.80
Diluted weighted average common shares outstanding	108.3M	108.8M	111.9M	115.8M
Comprehensive income	$238.4M	$205.4M	$184.6M	$208.7M

TREX Co Inc income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Net sales	$418.0M	$343.4M	$285.3M	$387.8M
Cost of sales	$259.7M	$204.4M	$169.9M	$229.7M
Gross profit	$158.3M	$139.0M	$115.4M	$158.1M
Selling, general and administrative expenses	$67.5M	$55.5M	$45.0M	$55.7M
Other expenses	$4.7M	—	—	—
Income from operations	$86.2M	$83.5M	$70.4M	$102.4M
Interest expense (income), net	$2.3M	$0	—	($77.0K)
Income before income taxes	$83.9M	$83.5M	$70.4M	$102.5M
Provision for income taxes	$22.0M	$22.1M	$18.6M	$26.6M
Net income	$61.9M	$61.4M	$51.8M	$75.9M
Basic earnings per common share	$0.60	$0.58	$0.48	$0.71
Basic weighted average common shares outstanding	102.3M	105.1M	107.2M	107.2M
Diluted earnings per common share	$0.60	$0.58	$0.48	$0.71
Diluted weighted average common shares outstanding	102.4M	105.1M	107.3M	107.3M
Comprehensive income	$61.9M	$61.4M	$51.8M	$75.9M

Balance sheet

TREX Co Inc balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$3.8M	$1.3M	$2.0M	$12.3M
Accounts receivable, net	$48.1M	$88.4M	$41.1M	$98.1M
Inventories	$238.7M	$207.3M	$107.1M	$141.4M
Prepaid expenses and other assets	$19.8M	$22.0M	$22.1M	$35.1M
Total current assets	$310.4M	$318.9M	$172.3M	$286.8M
Property, plant and equipment, net	$1.0B	$922.9M	$709.4M	$589.9M
Operating lease assets	$52.6M	$52.2M	$26.2M	$31.0M
Goodwill and other intangible assets, net	$31.5M	$22.0M	$18.2M	$18.6M
Other assets	$9.1M	$8.3M	$6.8M	$7.4M
Total Assets	$1.5B	$1.3B	$932.9M	$933.7M
Accounts payable	$34.8M	$61.3M	$24.0M	$19.9M
Accrued expenses and other liabilities	$77.0M	$72.9M	$56.7M	$44.1M
Accrued warranty	$5.4M	$5.7M	$4.9M	$4.6M
Line of credit	$133.5M	$202.6M	$5.5M	$222.0M
Total current liabilities	$250.7M	$342.5M	$91.1M	$290.6M
Deferred income taxes	$85.8M	$56.0M	$72.4M	$68.2M
Operating lease liabilities	$41.8M	$42.0M	$18.8M	$24.0M
Non-current accrued warranty	$24.3M	$17.1M	$17.3M	$21.0M
Other long-term liabilities	$16.6M	$16.6M	$16.6M	$11.6M
Total Liabilities	$419.2M	$474.2M	$216.2M	$415.4M
Preferred stock, $0.01 par value, 3,000,000 shares authorized; none issued and outstanding	0	0	0	0
Common stock, $0.01 par value, 360,000,000 shares authorized; 141,208,139 and 141,098,251 shares issued and 105,737,266 and 107,154,305 shares outstanding at December 31, 2025 and December 31, 2024, respectively	1.4M	1.4M	1.4M	1.4M
Additional paid-in capital	$155.3M	$148.2M	$140.2M	$131.5M
Retained earnings	$1.8B	$1.6B	$1.3B	$1.1B
Treasury stock, at cost, 35,470,873 and 33,943,946 shares at December 31, 2025 and December 31, 2024, respectively	-912.3M	-861.9M	-761.0M	-745.3M
Total Stockholders' Equity	$1.0B	$850.1M	$716.7M	$518.3M
Total Liabilities and Stockholders' Equity	$1.5B	$1.3B	$932.9M	$933.7M

TREX Co Inc balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$6.5M	$4.5M	$11.4M	$5.5M
Accounts receivable, net	$262.5M	$326.9M	$164.0M	$291.2M
Inventories	$189.6M	$229.6M	$149.6M	$141.8M
Prepaid expenses and other assets	$18.9M	$19.0M	$12.9M	$14.9M
Total current assets	$477.6M	$580.0M	$337.8M	$453.5M
Property, plant and equipment, net	$1.1B	$1.1B	$1.0B	$1.0B
Operating lease assets	$49.0M	$51.4M	$45.9M	$47.9M
Goodwill and other intangible assets, net	$35.0M	$32.9M	$30.4M	$27.3M
Other assets	$10.5M	$10.6M	$9.3M	$8.3M
Total assets	$1.6B	$1.7B	$1.5B	$1.5B
Accounts payable	$60.7M	$65.9M	$47.5M	$66.9M
Accrued expenses and other liabilities	$131.2M	$112.7M	$117.3M	$100.1M
Accrued warranty	$5.0M	$5.2M	$6.2M	$6.8M
Line of credit	$253.0M	$382.5M	$111.3M	$245.4M
Total current liabilities	$449.9M	$566.4M	$282.2M	$419.4M
Deferred income taxes	$85.8M	$85.8M	$56.0M	$56.0M
Operating lease liabilities	$37.8M	$40.1M	$35.7M	$37.7M
Non-current accrued warranty	$26.3M	$25.1M	$19.5M	$18.9M
Other long-term liabilities	$16.6M	$16.6M	$16.6M	$16.6M
Total liabilities	$616.4M	$734.1M	$410.0M	$548.6M
Preferred stock, $0.01 par value, 3,000,000 shares authorized; none issued and outstanding	0	0	0	0
Common stock, $0.01 par value, 360,000,000 shares authorized; 141,293,260 and 141,208,139 shares issued and 101,865,035 and 105,737,266 shares outstanding, at June 30, 2026 and December 31, 2025, respectively	1.4M	1.4M	1.4M	1.4M
Additional paid-in capital	$159.3M	$136.2M	$152.4M	$150.9M
Retained earnings	$1.9B	$1.9B	$1.8B	$1.7B
Treasury stock, at cost, 39,428,225 and 35,470,873 shares as of June 30, 2026 and December 31, 2025, respectively	-1.1B	-993.1M	-861.9M	-861.9M
Total stockholders' equity	$1.0B	$995.8M	$1.0B	$989.3M
Total liabilities and stockholders' equity	$1.6B	$1.7B	$1.5B	$1.5B

Cash flow statement

TREX Co Inc cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$190.4M	$226.4M	$205.4M	$184.6M
Depreciation and amortization	$63.0M	$54.7M	$50.2M	$44.3M
Deferred income taxes	$17.1M	($16.4M)	$4.2M	$24.3M
Stock-based compensation	$9.1M	$12.6M	$10.2M	$5.3M
Loss (gain) on disposal of property, plant and equipment	$522.0K	$2.6M	$3.1M	($27.0K)
Other non-cash adjustments	($53.0K)	$187.0K	($48.0K)	($117.0K)
Accounts receivable	$40.3M	($47.2M)	$56.9M	$42.5M
Inventories	$18.3M	($100.2M)	$34.3M	($64.5M)
Prepaid expenses and other assets	$3.5M	($10.7M)	($750.0K)	$7.9M
Accounts payable	$6.9M	($819.0K)	$2.7M	($5.6M)
Accrued expenses and other liabilities	$8.8M	$12.2M	$8.9M	($14.4M)
Income taxes receivable/payable	$375.0K	$10.5M	$14.4M	($23.6M)
Net cash provided by operating activities	$358.1M	$143.9M	$389.4M	$216.2M
Expenditures for property, plant and equipment	($223.6M)	($232.3M)	($166.1M)	($176.2M)
Internally developed and purchased intangibles	($10.0M)	($4.3M)	—	—
Proceeds from sales of property, plant and equipment	$358.0K	$106.0K	—	$54.0K
Net cash used in investing activities	($233.2M)	($236.5M)	($166.1M)	($168.9M)
Borrowings under line of credit	$880.5M	$842.3M	$593.5M	$425.0M
Principal payments under line of credit	($949.6M)	($645.2M)	($810.0M)	($203.0M)
Repurchases of common stock	($54.5M)	($105.9M)	($18.4M)	($398.4M)
Proceeds from employee stock purchase and option plans	1.2M	1.3M	1.2M	1.7M
Financing costs	$6.0K	($503.0K)	$30.0K	($1.4M)
Net cash (used in) provided by financing activities	($122.4M)	$91.9M	($233.7M)	($176.1M)
Net increase (decrease) in cash and cash equivalents	$2.5M	($667.0K)	($10.4M)	($128.7M)
Cash and cash equivalents at beginning of year	$1.3M	$2.0M	$12.3M	$141.1M
Cash and cash equivalents at end of year	$3.8M	$1.3M	$2.0M	$12.3M
Cash paid for interest, net of capitalized interest	$0	$0	$51.0K	$0
Cash paid for income taxes, net	$50.1M	$85.2M	$52.3M	$59.9M
(Decrease) increase in capital expenditures in accounts payable	($33.4M)	—	—	—

TREX Co Inc cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$123.3M	$61.4M	$188.1M	$136.3M
Depreciation and amortization	$37.7M	$18.4M	$46.1M	$30.1M
Stock-based compensation	$5.5M	$2.6M	$6.5M	$5.2M
Loss on disposal of property, plant and equipment	$4.7M	($45.0K)	$507.0K	$8.0K
Other non-cash adjustments	($225.0K)	$117.0K	($169.0K)	$234.0K
Accounts receivable	($214.5M)	($278.8M)	($75.6M)	($202.9M)
Inventories	$49.0M	$9.1M	$57.7M	$65.4M
Prepaid expenses and other assets	$115.0K	($523.0K)	$8.2M	$6.8M
Accounts payable	$32.5M	$31.3M	$13.2M	$23.4M
Accrued expenses and other liabilities	$32.4M	$16.0M	$30.5M	$24.8M
Income taxes receivable/payable	$25.2M	$22.1M	$17.7M	$6.3M
Net cash provided by operating activities	$95.7M	($118.4M)	$292.6M	$95.7M
Expenditures for property, plant and equipment	($52.7M)	($23.1M)	($180.2M)	($126.3M)
Purchased intangibles	($4.5M)	($1.9M)	($8.3M)	($4.9M)
Proceeds from sales of property, plant and equipment	$81.0K	$45.0K	$358.0K	$189.0K
Net cash used in investing activities	($57.2M)	($24.9M)	($188.1M)	($131.0M)
Borrowings under line of credit	$507.0M	$314.0M	$679.5M	$534.0M
Principal payments under line of credit	($387.5M)	($65.0M)	($770.8M)	($491.2M)
Repurchases of common stock	($153.6M)	($82.8M)	($4.0M)	($4.0M)
Proceeds from employee stock purchase and option plans	621.0K	286.0K	901.0K	634.0K
Financing costs	($2.4M)	($2.4M)	$6.0K	$6.0K
Net cash used in (provided by) financing activities	($35.9M)	$144.0M	($94.4M)	$39.5M
Net increase in cash and cash equivalents	$2.7M	$685.0K	$10.1M	$4.2M
Cash and cash equivalents, beginning of period	$3.8M	$3.8M	$1.3M	$1.3M
Cash and cash equivalents, end of period	$6.5M	$4.5M	$11.4M	$5.5M
Cash paid for interest, net of capitalized interest	$1.3M	—	$0	$0
Cash paid for income taxes, net	$18.9M	($5.0K)	$48.7M	$41.4M
(Decrease) increase capital expenditures in accounts payable and accrued expenses	($6.5M)	($10.0K)	—	—

TREX Co Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.