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Trex Company TREX Operating Lease ROU Assets

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Other financials

Income statement

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Revenue$343.4M+1.0%
Gross profit$139.0M+0.9%
Operating income$83.5M+2.3%
Net income$61.4M+1.6%
EPS (diluted)$0.58+3.6%

Balance sheet

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Cash & equivalents$4.5M-9.5%
Total debt$52.7M+3.6%
Total equity$995.8M+5.1%
Total assets$1.7B+5.4%

Cash flow

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Operating cash flow-$118.4M+23.1%
CapEx$23.1M-70.9%
Free cash flow-$141.5M+39.4%

Valuation

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Market cap$4.93B-24.7%
Enterprise value$4.98B-24.5%
P/E25.8×-7.2×
P/S4.2×-1.6×

Profitability

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Gross margin39.2%-2.9pp
Operating margin22.1%-3.4pp
Net margin16.3%-2.5pp
FCF margin19.2%

Returns & leverage

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Return on equity19.7%-4.3pp
Debt / equity0.1×0.0×
Current ratio0.0×

Where this comes from

Reported directly by Trex Company in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseWeightedAverageDiscountRatePercent.

The source filing: Trex Company’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:12 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-211927

For the three months ended March 31, 2026 and March 31, 2025, total operating lease expense was $3.3 million and $3.0 million, respectively. The weighted average remaining lease term at March 31, 2026 and December 31, 2025 was 6.5 years and 6.7 years, respectively. The weighted average discount rate at March 31, 2026 and December 31, 2025 was 4.73% and 4.70%, respectively.

Item 1. Condensed Consolidated Financial Statements

FAQ

What is Trex Company's operating lease ROU assets?
Trex Company (TREX) reported operating lease ROU assets of 4.7% in Q1 2026.
How has Trex Company's operating lease ROU assets changed year-over-year?
Trex Company's operating lease ROU assets increased by 2.8% year-over-year, from 4.6% to 4.7%.
What is the long-term trend for Trex Company's operating lease ROU assets?
Over 5 years (2020 to 2025), Trex Company's operating lease ROU assets has grown at a -98.3% compound annual growth rate (CAGR), from 3,438,200,000% to 4.7%.
What does operating lease ROU assets mean?
Right-of-use assets representing the lessee's right to use leased property over the lease term under ASC 842 operating lease classification.

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