Filing Flows › Trex (TREX) › Q3 2026 › vs Q3 2025
Trex (TREX) Q3 2026 vs Q3 2025 (year over year)
Trex's revenue rose $74.2M (+26%) from $285M in Q3 2025 to $360M in Q3 2026. Gross margin 36.0% against 40.5% (-4.4 pts).
Trex, Q3 2026: revenue $360M (+26% year over year), operating margin 20.2%, net earnings $52.5M, operating cash flow $153M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 36.0% | 40.5% | -4.4 pts |
| Operating margin | 20.2% | 24.7% | -4.5 pts |
| Net margin | 14.6% | 18.1% | -3.5 pts |
| Free cash flow margin | 37.4% | 48.9% | -11.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $360M | $285M | $74.2M | +26% |
| Gross profit | $129M | $115M | $14.0M | +12% |
| Cost of revenue | $230M | $170M | $60.1M | +35% |
| Operating profit | $72.5M | $70.4M | $2.1M | +3% |
| Operating expenses | $57.0M | $45.0M | $11.9M | +26% |
| Pre-tax earnings | $71.7M | $70.4M | $1.3M | +2% |
| Net earnings | $52.5M | $51.8M | $723K | +1% |
| Income tax | $19.2M | $18.6M | $559K | +3% |
| Depreciation & amortization | $22.2M | $16.0M | $6.2M | +38% |
| Share-based compensation | $2.6M | $1.2M | $1.4M | +116% |
| Working capital & other | $75.3M | $128M | −$52.6M | -41% |
| Operating cash flow | $153M | $197M | −$44.3M | -22% |
| Free cash flow (company-reported) | $135M | $140M | −$5.0M | -4% |
| Expenditures for property, plant and equipment | $16.6M | $53.9M | −$37.3M | -69% |
| Purchased intangibles | $1.4M | $3.4M | −$2.0M | -58% |
Questions
How much did Trex's revenue grow year over year in Q3 2026?
Trex's revenue rose $74.2M (+26%) from $285M in Q3 2025 to $360M in Q3 2026. Gross margin 36.0% against 40.5% (-4.4 pts).