How Trex makes money

Period

FY2025

How does Trex make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Trex Company Inc. · FY2025 · year ended 2025-12-31

Revenue$1.2BGross profit$460M · 39%Cost of revenue$714M · 61%Operating income$258M · 22%Operating expenses$202M · 17%R&D$0 · 0%Other opex$198M · 17%Net income$190M · 16%Income tax$68M · 6%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.