Filing Flows › Trex (TREX) › Q3 2026
Trex (TREX) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Trex (TREX) reported revenue of $360M for the third quarter 2026 (Q3 2026), +26% from a year earlier and -14% from the quarter before. Operating margin was 20.2%, net earnings $52.5M (14.6% of revenue).
Trex, Q3 2026: revenue $360M (+26% year over year), operating margin 20.2%, net earnings $52.5M, operating cash flow $153M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $360M | -14% | +26% |
| Gross profit | $129M | -18% | +12% |
| Operating profit | $72.5M | -16% | +3% |
| Net earnings | $52.5M | -15% | +1% |
| Operating cash flow | $153M | -29% | -22% |
| Free cash flow | $135M | — | -4% |
What changed
Revenue was $359.5M in Q3 2026, up 26% year over year and down 14% from the previous quarter.
Gross margin was 36.0%, down 4.4 points from Q3 2025. Operating profit was $72.5M, a 20.2% margin (down 4.5 points year over year). Of the extra revenue versus Q3 2025, 3% reached operating profit, below the 25% margin then. Operating expenses grew 26% against revenue growth of 26%. Net earnings were $52.5M, up 1% year over year. The effective tax rate was 26.8%.
Operating cash flow was $152.6M (down 22% year over year), 291% of net earnings. Non-cash charges added back $22.2M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $75.3M. After expenditures for property, plant and equipment ($16.6M) and purchased intangibles ($1.4M), free cash flow as the company reports it was $134.6M.
Questions
What was Trex's revenue in the third quarter 2026?
Trex (TREX) reported revenue of $360M for the third quarter 2026 (Q3 2026), +26% from a year earlier and -14% from the quarter before.
Was Trex profitable in the third quarter 2026?
Operating profit was $72.5M (20.2% of revenue) and net earnings $52.5M.
Source: Trex 10-Q on SEC EDGAR.