Filing Flows › Trex (TREX) › Q1 2026
Trex (TREX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Trex (TREX) reported revenue of $343M for the first quarter 2026 (Q1 2026), +1% from a year earlier and +113% from the quarter before. Operating margin was 24.3%, net earnings $61.4M (17.9% of revenue).
Trex, Q1 2026: revenue $343M (+1% year over year), operating margin 24.3%, net earnings $61.4M, operating cash flow −$118M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $343M | +113% | +1% |
| Gross profit | $139M | +186% | +0.9% |
| Operating profit | $83.5M | 24× | +2% |
| Net earnings | $61.4M | 27× | +2% |
| Operating cash flow | −$118M | -281% | — |
What changed
Revenue was $343.4M in Q1 2026, up 1% year over year and up 113% from the previous quarter.
Gross margin was 40.5%, unchanged from Q1 2025. Operating profit was $83.5M, a 24.3% margin (up 0.3 points year over year). Of the extra revenue versus Q1 2025, 54% reached operating profit, above the 24% margin then. Operating expenses fell 1% while revenue rose 1%. Net earnings were $61.4M, up 2% year over year. The effective tax rate was 26.5%.
Operating cash flow was −$118.4M. Non-cash charges added back $18.4M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $200.8M. Capital expenditures of $23.1M exceeded it, leaving free cash flow of −$141.5M.
Questions
What was Trex's revenue in the first quarter 2026?
Trex (TREX) reported revenue of $343M for the first quarter 2026 (Q1 2026), +1% from a year earlier and +113% from the quarter before.
Was Trex profitable in the first quarter 2026?
Operating profit was $83.5M (24.3% of revenue) and net earnings $61.4M.
Source: Trex 10-Q on SEC EDGAR.