Trex Company Inc (TREX) - Net Assets
Based on the latest financial reports, Trex Company Inc (TREX) has net assets worth $995.76 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.73 Billion) and total liabilities ($734.05 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TREX goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $995.76 Million |
| % of Total Assets | 57.56% |
| Annual Growth Rate | 19.24% |
| 5-Year Change | 42.65% |
| 10-Year Change | 670.91% |
| Growth Volatility | 55.75 |
Trex Company Inc - Net Assets Trend (1997–2025)
This chart illustrates how Trex Company Inc's net assets have evolved over time, based on quarterly financial data. See Trex Company Inc defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Trex Company Inc (1997–2025)
The table below shows the annual net assets of Trex Company Inc from 1997 to 2025. For live valuation and market cap data, see Trex Company Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.03 Billion | +21.66% |
| 2024-12-31 | $850.14 Million | +18.62% |
| 2023-12-31 | $716.67 Million | +38.26% |
| 2022-12-31 | $518.35 Million | -28.51% |
| 2021-12-31 | $725.03 Million | +23.19% |
| 2020-12-31 | $588.53 Million | +31.02% |
| 2019-12-31 | $449.18 Million | +30.97% |
| 2018-12-31 | $342.96 Million | +48.31% |
| 2017-12-31 | $231.25 Million | +72.37% |
| 2016-12-31 | $134.16 Million | +15.20% |
| 2015-12-31 | $116.46 Million | +2.71% |
| 2014-12-31 | $113.39 Million | +6.35% |
| 2013-12-31 | $106.62 Million | +13.44% |
| 2012-12-31 | $93.99 Million | +1.61% |
| 2011-12-31 | $92.50 Million | -10.13% |
| 2010-12-31 | $102.92 Million | -15.72% |
| 2009-12-31 | $122.11 Million | -19.27% |
| 2008-12-31 | $151.26 Million | +60.87% |
| 2007-12-31 | $94.03 Million | -44.50% |
| 2006-12-31 | $169.41 Million | +2.97% |
| 2005-12-31 | $164.53 Million | +3.15% |
| 2004-12-31 | $159.51 Million | +25.40% |
| 2003-12-31 | $127.21 Million | +28.78% |
| 2002-12-31 | $98.78 Million | +20.48% |
| 2001-12-31 | $81.98 Million | +18.75% |
| 2000-12-31 | $69.04 Million | +39.76% |
| 1999-12-31 | $49.40 Million | +280.00% |
| 1998-12-31 | $13.00 Million | +73.33% |
| 1997-12-31 | $7.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trex Company Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 81256.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.79 Billion | 173.06% |
| Common Stock | $1.41 Million | 0.14% |
| Total Equity | $1.03 Billion | 100.00% |
Trex Company Inc Competitors by Market Cap
The table below lists competitors of Trex Company Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yuhan Corp.
KO:000100
|
$3.95 Billion |
|
LIFE360 Inc
AU:360
|
$3.95 Billion |
|
Nice Ltd
TA:NICE
|
$3.95 Billion |
|
Universal Display
NASDAQ:OLED
|
$3.95 Billion |
|
Allete Inc
NYSE:ALE
|
$3.94 Billion |
|
YiDong Electronics Technology Co. Ltd.
SHE:301123
|
$3.94 Billion |
|
OPENLANE, Inc.
NYSE:OPLN
|
$3.94 Billion |
|
Oscar Health Inc
NYSE:OSCR
|
$3.94 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trex Company Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 850,142,000 to 1,034,263,999, a change of 184,121,999 (21.7%).
- Net income of 190,415,000 contributed positively to equity growth.
- Share repurchases of 54,472,000 reduced equity.
- Other factors increased equity by 48,178,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $190.41 Million | +18.41% |
| Share Repurchases | $54.47 Million | -5.27% |
| Other Changes | $48.18 Million | +4.66% |
| Total Change | $- | 21.66% |
Book Value vs Market Value Analysis
This analysis compares Trex Company Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.71x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 230.28x to 4.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | $0.20 | $45.45 | x |
| 1998-12-31 | $0.18 | $45.45 | x |
| 1999-12-31 | $0.48 | $45.45 | x |
| 2000-12-31 | $0.61 | $45.45 | x |
| 2001-12-31 | $0.72 | $45.45 | x |
| 2002-12-31 | $0.85 | $45.45 | x |
| 2003-12-31 | $1.08 | $45.45 | x |
| 2004-12-31 | $1.34 | $45.45 | x |
| 2005-12-31 | $1.38 | $45.45 | x |
| 2006-12-31 | $1.42 | $45.45 | x |
| 2007-12-31 | $0.79 | $45.45 | x |
| 2008-12-31 | $0.91 | $45.45 | x |
| 2009-12-31 | $1.04 | $45.45 | x |
| 2010-12-31 | $0.85 | $45.45 | x |
| 2011-12-31 | $0.75 | $45.45 | x |
| 2012-12-31 | $0.69 | $45.45 | x |
| 2013-12-31 | $0.78 | $45.45 | x |
| 2014-12-31 | $0.87 | $45.45 | x |
| 2015-12-31 | $0.92 | $45.45 | x |
| 2016-12-31 | $1.13 | $45.45 | x |
| 2017-12-31 | $1.95 | $45.45 | x |
| 2018-12-31 | $2.90 | $45.45 | x |
| 2019-12-31 | $3.83 | $45.45 | x |
| 2020-12-31 | $5.06 | $45.45 | x |
| 2021-12-31 | $6.26 | $45.45 | x |
| 2022-12-31 | $4.63 | $45.45 | x |
| 2023-12-31 | $6.59 | $45.45 | x |
| 2024-12-31 | $7.85 | $45.45 | x |
| 2025-12-31 | $9.66 | $45.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trex Company Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.41%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.22%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.44x
- Recent ROE (18.41%) is below the historical average (20.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 74.67% | 16.42% | 0.92x | 4.96x | $4.85 Million |
| 1998 | 63.91% | 18.16% | 0.91x | 3.86x | $7.17 Million |
| 1999 | 23.48% | 15.61% | 0.94x | 1.61x | $6.66 Million |
| 2000 | 27.96% | 16.42% | 0.75x | 2.27x | $12.40 Million |
| 2001 | 11.04% | 7.74% | 0.63x | 2.25x | $851.50K |
| 2002 | 16.99% | 10.04% | 0.91x | 1.86x | $6.90 Million |
| 2003 | 16.50% | 10.99% | 0.91x | 1.65x | $8.27 Million |
| 2004 | 17.02% | 10.71% | 0.88x | 1.80x | $11.20 Million |
| 2005 | 1.52% | 0.85% | 1.03x | 1.74x | $-13.95 Million |
| 2006 | 1.38% | 0.70% | 0.96x | 2.08x | $-14.60 Million |
| 2007 | -80.73% | -23.08% | 1.00x | 3.50x | $-85.31 Million |
| 2008 | 12.38% | 4.12% | 1.03x | 2.93x | $2.60 Million |
| 2009 | -13.10% | -6.04% | 1.06x | 2.04x | $-29.01 Million |
| 2010 | -9.78% | -3.17% | 1.28x | 2.41x | $-20.36 Million |
| 2011 | -12.53% | -4.34% | 1.17x | 2.47x | $-20.84 Million |
| 2012 | 2.89% | 0.88% | 1.82x | 1.79x | $-6.68 Million |
| 2013 | 32.45% | 10.10% | 1.82x | 1.76x | $23.94 Million |
| 2014 | 36.62% | 10.60% | 2.00x | 1.73x | $30.18 Million |
| 2015 | 41.30% | 10.91% | 2.08x | 1.82x | $36.45 Million |
| 2016 | 50.57% | 14.15% | 2.17x | 1.65x | $54.43 Million |
| 2017 | 41.14% | 16.83% | 1.73x | 1.41x | $72.00 Million |
| 2018 | 39.24% | 19.67% | 1.47x | 1.36x | $100.28 Million |
| 2019 | 32.22% | 19.42% | 1.26x | 1.32x | $99.82 Million |
| 2020 | 29.84% | 19.94% | 1.14x | 1.31x | $116.78 Million |
| 2021 | 28.79% | 17.44% | 1.30x | 1.27x | $136.23 Million |
| 2022 | 35.62% | 16.69% | 1.18x | 1.80x | $132.79 Million |
| 2023 | 28.66% | 18.76% | 1.17x | 1.30x | $133.72 Million |
| 2024 | 26.63% | 19.66% | 0.87x | 1.56x | $141.38 Million |
| 2025 | 18.41% | 16.22% | 0.79x | 1.44x | $86.99 Million |
Industry Comparison
This section compares Trex Company Inc's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $322,997,529
- Average return on equity (ROE) among peers: 3.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trex Company Inc (TREX) | $995.76 Million | 74.67% | 0.74x | $3.95 Billion |
| AAON Inc (AAON) | $62.31 Million | 23.45% | 0.47x | $10.92 Billion |
| Antelope Enterprise Holdings Ltd (AEHL) | $1.45 Billion | -2.10% | 0.20x | $2.66 Million |
| Montana Technologies Corporation (AIRJ) | $284.10 Million | -0.98% | 0.04x | $218.85 Million |
| Apogee Enterprises Inc (APOG) | $112.30 Million | 4.01% | 1.24x | $751.77 Million |
| Alpha Pro Tech Ltd (APT) | $23.48 Million | 15.92% | 0.14x | $64.06 Million |
| Arlo Technologies (ARLO) | $112.65 Million | -49.74% | 2.08x | $1.38 Billion |
| Aspen Aerogels Inc (ASPN) | $100.94 Million | -19.14% | 0.23x | $291.74 Million |
| Armstrong World Industries Inc (AWI) | $419.30 Million | 53.45% | 3.47x | $6.64 Billion |
| Azek Company Inc (AZEK) | $456.37 Million | -14.77% | 2.45x | $7.82 Billion |
| Builders FirstSource Inc (BLDR) | $210.89 Million | 24.46% | 2.31x | $8.19 Billion |
About Trex Company Inc
Trex Company, Inc. manufactures and sells composite decking and railing products in the United States. It offers decking products and accessories that can be used for protection against fading, staining, mold, and scratching, including Trex Transcend, which are decking products that can also be used as cladding; Trex Signature; Trex Transcend Lineage; Trex Select; Trex Enhance; Trex Hideaway fast… Read more