Filing Flows › Trex (TREX) › Q2 2026
Trex (TREX) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Trex (TREX) reported revenue of $418M for the second quarter 2026 (Q2 2026), +8% from a year earlier and +22% from the quarter before. Operating margin was 20.6%, net earnings $61.9M (14.8% of revenue).
Trex, Q2 2026: revenue $418M (+8% year over year), operating margin 20.6%, net earnings $61.9M, operating cash flow $214M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $418M | +22% | +8% |
| Gross profit | $158M | +14% | +0.1% |
| Operating profit | $86.2M | +3% | -16% |
| Net earnings | $61.9M | +0.8% | -18% |
| Operating cash flow | $214M | — | -14% |
| Free cash flow | $182M | — | -8% |
What changed
Revenue was $418.0M in Q2 2026, up 8% year over year and up 22% from the previous quarter.
Gross margin was 37.9%, down 2.9 points from Q2 2025. Operating profit was $86.2M, a 20.6% margin (down 5.8 points year over year). Operating profit fell $16.2M even though revenue rose $30.2M versus Q2 2025, so costs grew faster than sales. Operating expenses grew 29% against revenue growth of 8%. Net earnings were $61.9M, down 18% year over year. The effective tax rate was 26.2%.
Operating cash flow was $214.2M (down 14% year over year), 346% of net earnings. Non-cash charges added back $19.4M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items added $130.1M. After expenditures for property, plant and equipment ($29.6M) and purchased intangibles ($2.7M), free cash flow as the company reports it was $181.8M.
Questions
What was Trex's revenue in the second quarter 2026?
Trex (TREX) reported revenue of $418M for the second quarter 2026 (Q2 2026), +8% from a year earlier and +22% from the quarter before.
Was Trex profitable in the second quarter 2026?
Operating profit was $86.2M (20.6% of revenue) and net earnings $61.9M.
Source: Trex 10-Q on SEC EDGAR.