Filing Flows › Trex (TREX) › Q2 2025
Trex (TREX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 4, 2025
Trex (TREX) reported revenue of $388M for the second quarter 2025 (Q2 2025), +3% from a year earlier and +14% from the quarter before. Operating margin was 26.4%, net earnings $75.9M (19.6% of revenue).
Trex, Q2 2025: revenue $388M (+3% year over year), operating margin 26.4%, net earnings $75.9M, operating cash flow $250M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $388M | +14% | +3% |
| Gross profit | $158M | +15% | -6% |
| Operating profit | $102M | +25% | -12% |
| Net earnings | $75.9M | +26% | -13% |
| Operating cash flow | $250M | — | +29% |
| Free cash flow | $203M | — | +28% |
What changed
Revenue was $387.8M in Q2 2025, up 3% year over year and up 14% from the previous quarter.
Gross margin was 40.8%, down 3.9 points from a year earlier. Operating profit was $102.4M, a 26.4% margin (down 4.6 points year over year). Operating profit fell $14.5M even though revenue rose $11.3M versus a year earlier, so costs grew faster than sales. Operating expenses grew 9% against revenue growth of 3%. Net earnings were $75.9M, down 13% year over year. The effective tax rate was 25.9%.
Operating cash flow was $249.8M (up 29% year over year), 329% of net earnings. Non-cash charges added back $15.8M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items added $155.1M. Capital expenditures of $46.8M left free cash flow of $203.0M.
Questions
What was Trex's revenue in the second quarter 2025?
Trex (TREX) reported revenue of $388M for the second quarter 2025 (Q2 2025), +3% from a year earlier and +14% from the quarter before.
Was Trex profitable in the second quarter 2025?
Operating profit was $102M (26.4% of revenue) and net earnings $75.9M.
Source: Trex 10-Q on SEC EDGAR.