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What this page is: Delvantic's full research page for Trex Company, Inc. (TREX) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
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profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
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Industrials · Building Products & Equipment
Winchester, VA 22601, United States
trex.com
Price
$49.02
Market Cap
$5.0B
Employees
1,839
Beta
1.47
Avg Volume
2,204,389
CEO
Mr. Adam Dante Zambanini
Trex Company, Inc. is the world's largest manufacturer of wood-alternative decking and railing systems for residential and commercial outdoor living spaces. The company produces composite decking made from a proprietary blend of recycled wood fibers and plastic film, offering enhanced durability, rot resistance, and low-maintenance performance compared to traditional wood. Beyond decking, Trex provides complementary products including aluminum and composite railing systems, fencing, cladding, outdoor lighting, and steel deck framing to create integrated outdoor solutions. The product portfolio spans multiple performance tiers—from the premium Transcend® series with high-definition finishes to the more affordable Select® and Enhance® collections—serving professional contractors, remodelers, homebuilders, and homeowners. Founded in 1996 and headquartered in Winchester, Virginia, Trex manufactures products in the United States and distributes through wholesale distributors and retail lumber dealers across North America, Canada, and select European markets. The company emphasizes environmental stewardship by utilizing reclaimed wood and plastic materials, supporting circular-economy principles and reducing landfill waste.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 11 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Aug 4, 2026.
EPS surprise history — vs analyst consensus · 4 prints of vendor history
+15.7%
May '26
-14.3%
Jun '26
+6.0%
Jul '26
-1.6%
Aug '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| Aug 4, 2026 | $0.63 | $0.62 -1.6% | — | — |
| Jul 23, 2026 | $3.32 | $3.52 +6.0% | — | — |
| Jun 25, 2026 | $-0.14 | $-0.16 -14.3% | — | — |
| May 7, 2026 | $0.51 | $0.59 +15.7% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
| Filed | Form | Document |
|---|---|---|
| Aug 7, 2026 | SCHEDULE 13G | View |
| Aug 7, 2026 | 144 | View |
| Aug 6, 2026 | SCHEDULE 13G/A | View |
| Aug 4, 2026 | 10-Q | View |
| Aug 4, 2026 | 8-K | View |
| Jul 30, 2026 | 4 | View |
| Jul 30, 2026 | 4 | View |
| Jul 30, 2026 | 4 | View |
| Jul 30, 2026 | 4 | View |
| Jul 30, 2026 | 4 | View |
| Jul 30, 2026 | 4 | View |
| Jul 30, 2026 | 4 | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 11, 2026 9:46am (just now)
Current data · timestamped when a report runs
$49.02
Change · Aug 11
+0.85 (+1.75%)
Day Range
$48.97 – $49.24
52-Week Range
$29.77 – $66.06
50-Day MA
$45.52
200-Day MA
$40.55
Volume
802.00
Share Structure
Outstanding
101,865,035.00
Float
92,741,125.00
Free Float
91.0%
High free float
— 91.0% of shares trade freely, ~9% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
27.54
Stock Price: $49.02
EPS (Diluted): 1.78
EPS (Diluted): 1.78
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
5.08
Stock Price: $49.02
Total Equity: $1.03B
Shares: 107,095,977
Total Equity: $1.03B
Shares: 107,095,977
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
15.61
Market Cap: $5.00B
Total Debt: $0.00
Cash: $3.81M
EBITDA: $320.92M
Total Debt: $0.00
Cash: $3.81M
EBITDA: $320.92M
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$5.0B
Market Cap: $5.00B
Total Debt: $0.00
Cash: $3.81M
Total Debt: $0.00
Cash: $3.81M
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
39.2%
Gross Profit: $459.96M
Revenue: $1.17B
Revenue: $1.17B
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
22.0%
Operating Income: $257.96M
Revenue: $1.17B
Revenue: $1.17B
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
16.2%
Net Income: $190.42M
Revenue: $1.17B
Revenue: $1.17B
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
18.4%
Net Income: $190.42M
Total Equity: $1.03B
Total Equity: $1.03B
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
18.5%
Operating Income: $257.96M
Tax Rate: 26.2%
Equity: $1.03B
Total Debt: $0.00
Cash: $3.81M
Tax Rate: 26.2%
Equity: $1.03B
Total Debt: $0.00
Cash: $3.81M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
1.24
Current Assets: $310.41M
Current Liabilities: $250.71M
Current Liabilities: $250.71M
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $1.03B
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $1.03B
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
$10.96
Revenue: $1.17B
Shares: 107,095,977
Shares: 107,095,977
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$9.66
Total Equity: $1.03B
Shares: 107,095,977
Shares: 107,095,977
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$1.26
Operating CF: $358.11M
CapEx: -$223.59M
Shares: 107,095,977
CapEx: -$223.59M
Shares: 107,095,977
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
—
Last Dividend: $0.00
Stock Price: $49.02
Stock Price: $49.02
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $190.42M
Net Income: $190.42M
Dividends paid not available in cash flow statement
Income Statement (Annual)
Last updated: Aug 6, 2026 2:37pm (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.1B | $1.1B | $1.2B | $1.2B |
| Cost of Revenue | $736.4M | $702.1M | $642.4M | $665.8M | $714.3M |
| Gross Profit | $460.5M | $404.0M | $452.4M | $485.7M | $460.0M |
| Operating Expenses | $185.1M | $157.3M | $176.2M | $180.0M | $202.0M |
| Operating Income | $275.4M | $246.7M | $276.2M | $305.7M | $258.0M |
| Net Income | $208.7M | $184.6M | $205.4M | $226.4M | $190.4M |
| EBITDA | $311.3M | $291.0M | $326.4M | $360.3M | $320.9M |
| EPS | $1.81 | $1.65 | $1.89 | $2.09 | $1.78 |
| EPS (Diluted) | $1.80 | $1.65 | $1.89 | $2.09 | $1.78 |
Balance Sheet (Annual)
Last updated: Aug 6, 2026 2:37pm (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $141.1M | $12.3M | $2.0M | $1.3M | $3.8M |
| Total Current Assets | $401.1M | $286.8M | $172.3M | $318.9M | $310.4M |
| Total Assets | $920.3M | $933.7M | $932.9M | $1.3B | $1.5B |
| Current Liabilities | $88.7M | $290.6M | $91.1M | $342.5M | $250.7M |
| Long-Term Debt | — | — | — | — | — |
| Total Liabilities | $195.3M | $415.4M | $216.2M | $474.2M | $419.2M |
| Total Equity | $725.0M | $518.3M | $716.7M | $850.1M | $1.0B |
| Retained Earnings | $946.0M | $1.1B | $1.3B | $1.6B | $1.8B |
Cash Flow (Annual)
Last updated: Aug 6, 2026 2:37pm (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $258.1M | $216.2M | $389.4M | $143.9M | $358.1M |
| Capital Expenditure | -$159.4M | -$176.2M | -$166.1M | -$232.3M | -$223.6M |
| Free Cash Flow | $98.7M | $40.0M | $223.3M | -$88.4M | $134.5M |
| Acquisitions (net) | — | — | — | — | — |
| Net Debt Issued / (Repaid) | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$82.5M | -$398.4M | -$18.5M | -$105.9M | -$54.5M |
| Net Change in Cash | $19.4M | -$128.7M | -$10.4M | $-667,000 | $2.5M |
Growth Trends (YoY %)
Last updated: Aug 6, 2026 2:37pm (4d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -7.6% | -1.0% | +5.2% | +2.0% |
| Gross Profit Growth | -12.3% | +12.0% | +7.4% | -5.3% |
| Operating Income Growth | -10.4% | +11.9% | +10.7% | -15.6% |
| Net Income Growth | -11.6% | +11.2% | +10.2% | -15.9% |
| EBITDA Growth | -6.5% | +12.1% | +10.4% | -10.9% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-07-29 | Cline James E | A-Award | 2,831.00 | $42.39 | $120,006 |
| 2026-07-29 | GRATZ JAY M | A-Award | 2,831.00 | $42.39 | $120,006 |
| 2026-07-29 | JUSTER KRISTINE L | A-Award | 2,831.00 | $42.39 | $120,006 |
| 2026-07-29 | Keffer David Christian | A-Award | 2,831.00 | $42.39 | $120,006 |
| 2026-07-29 | Lovett Gena C | A-Award | 2,831.00 | $42.39 | $120,006 |
| 2026-07-29 | ROBINSON PATRICIA B | A-Award | 2,831.00 | $42.39 | $120,006 |
| 2026-07-29 | ROSE B ANDREW | A-Award | 1,629.00 | $42.39 | $69,053 |
| 2026-07-29 | Tasi Irene | A-Award | 1,101.00 | $42.39 | $46,671 |
| 2026-07-29 | Volas Gerald | A-Award | 2,831.00 | $42.39 | $120,006 |
| 2026-07-01 | Keffer David Christian | A-Award | 131.00 | $48.69 | $6,378 |
| 2026-07-01 | ROSE B ANDREW | A-Award | 526.00 | $48.69 | $25,611 |
Industry Benchmarks
Compares TREX against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
Not applicable for this companies
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
Not applicable for this companies
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
Not applicable for this companies
4h
Dividend Discount Model
— For dividend/income stocks only
Not applicable for this companies
4i
Book Value Analysis
— For deep value / turnaround stocks only
Not applicable for this companies
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
Not applicable for this companies
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for TREX — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for TREX — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for TREX — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for TREX — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
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Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.525 · a5aac093 · 2026-08-10 20:52:14