Filing Flows › Trex (TREX) › Q2 2026 › vs Q2 2025
Trex (TREX) Q2 2026 vs Q2 2025 (year over year)
Trex's revenue rose $30.2M (+8%) from $388M in Q2 2025 to $418M in Q2 2026. Gross margin 37.9% against 40.8% (-2.9 pts).
Trex, Q2 2026: revenue $418M (+8% year over year), operating margin 20.6%, net earnings $61.9M, operating cash flow $214M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 37.9% | 40.8% | -2.9 pts |
| Operating margin | 20.6% | 26.4% | -5.8 pts |
| Net margin | 14.8% | 19.6% | -4.8 pts |
| Free cash flow margin | 43.5% | 51.2% | -7.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $418M | $388M | $30.2M | +8% |
| Gross profit | $158M | $158M | $212K | +0.1% |
| Cost of revenue | $260M | $230M | $30.0M | +13% |
| Operating profit | $86.2M | $102M | −$16.2M | -16% |
| Operating expenses | $72.2M | $55.7M | $16.4M | +29% |
| Pre-tax earnings | $83.9M | $102M | −$18.6M | -18% |
| Other expense, net | $2.3M | −$77K | $2.4M | — |
| Net earnings | $61.9M | $75.9M | −$14.0M | -18% |
| Income tax | $22.0M | $26.6M | −$4.6M | -17% |
| Depreciation & amortization | $19.4M | $15.8M | $3.6M | +23% |
| Share-based compensation | $2.8M | $2.9M | −$94K | -3% |
| Working capital & other | $130M | $155M | −$25.0M | -16% |
| Operating cash flow | $214M | $250M | −$35.6M | -14% |
| Free cash flow (company-reported) | $182M | $199M | −$16.9M | -8% |
| Expenditures for property, plant and equipment | $29.6M | $46.8M | −$17.2M | -37% |
| Purchased intangibles | $2.7M | $4.3M | −$1.6M | -37% |
Questions
How much did Trex's revenue grow year over year in Q2 2026?
Trex's revenue rose $30.2M (+8%) from $388M in Q2 2025 to $418M in Q2 2026. Gross margin 37.9% against 40.8% (-2.9 pts).