RDW
Redwire Corporation
RDW has a slight edge over TREX overall, supported by stronger fundamentals and stronger modeled upside.
TREX
Trex Company, Inc.
TREX has lower modeled downside risk, despite its lower overall score.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
TREX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Healthy |
TREX's revenue, profitability, cash flow and balance sheet are all currently healthy.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
TREX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 26x | $45.26 | -14% |
| Forward | 26x | $52.81 | — |
| Current | 31x | $52.81 | — |
| Fair | 35x | $60.14 | +14% |
| Expensive | 54x | $93.43 | +77% |
Historical ranges are pointers, not guarantees.
TREX's PE is in its fair range at 31x. If earnings grow as analysts expect, today's price would be 26x next year's earnings, in its cheap range.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
TREX Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect earnings and revenue growth for TREX, with profitability improving. However, they disagree widely on these estimates.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
TREX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.04 | +18% |
| Q3 2026 | $1.73 | -6.5% |
| Q2 2026 | $1.69 | -2.9% |
| Q1 2026 | $1.80 | -1.6% |
| Q4 2025 | $1.78 | -15% |
| Q3 2025 | $1.85 | -16% |
| Q2 2025 | $1.74 | -28% |
| Q1 2025 | $1.83 | -21% |
| Q4 2024 | $2.09 | +11% |
TREX has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW has the edge over TREX on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
TREX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $359.5M | +26% |
| Q2 2026 | $418M | +7.8% |
| Q1 2026 | $343.4M | +1% |
| Q4 2025 | $161.1M | -3.9% |
| Q3 2025 | $285.3M | +22% |
| Q2 2025 | $387.8M | +3% |
| Q1 2025 | $340M | -9% |
| Q4 2024 | $167.6M | -14% |
TREX's revenue has picked up after four years of holding roughly level: $360M last quarter, up 26% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | -4.5 points |
| Q2 2026 | 21% | -5.8 points |
| Q1 2026 | 24% | +0.3 points |
| Q4 2025 | 2.2% | -7.1 points |
| Q3 2025 | 25% | +1.4 points |
| Q2 2025 | 26% | -4.7 points |
| Q1 2025 | 24% | -7.8 points |
| Q4 2024 | 9.2% | -5.1 points |
TREX has the edge over RDW on profitability, with a higher operating margin.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
TREX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $136M | -4.9% |
| Q2 2026 | $184.5M | -9.1% |
| Q1 2026 | -$141.5M | +$92M |
| Q4 2025 | $22.1M | +$111.4M |
| Q3 2025 | $142.9M | +162% |
| Q2 2025 | $203M | +28% |
| Q1 2025 | -$233.5M | -$21.7M |
| Q4 2024 | -$89.3M | -286% |
TREX has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
TREX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -558K shares |
| 1 year | -5.1% | -5.5M shares |
| 3 years | -6.3% | -6.9M shares |
| 5 years | -12% | -13.8M shares |
| Available history | -13% | -15.2M shares |
TREX has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $55.1M |
| Q2 2026 | $70.7M |
| Q1 2026 | $82.8M |
| Q4 2025 | $50.4M |
| Q3 2025 | $25,000 |
| Q2 2025 | — |
| Q1 2025 | $4M |
| Q4 2024 | $50.3M |
TREX spent $259M buying back its own shares over the past year, about five times what it spent the year before.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
TREX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.5x | Very low |
| Q2 2026 | 0.8x | Very low |
| Q1 2026 | 1.2x | Healthy |
| Q4 2025 | 0.4x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2025 | 0.8x | Very low |
| Q1 2025 | 1.4x | Healthy |
| Q4 2024 | 0.6x | Very low |
TREX's net debt is less than a year of its operating earnings (EBITDA).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
TREX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.3 | Neutral |
| Stochastic | 74.3 | Neutral |
TREX's weekly RSI is 62 (neutral) and its Stochastic is 74 (neutral).
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
TREX PE vs Industrials Sector
| Metric | TREX | Sector median | Relative |
|---|---|---|---|
| PE | 31x | 24x | 27% above |
| PE % | 35 | 58 | 23 pts below |
TREX is trading at 31x earnings, a 27% premium to the Industrials sector's median of 24x.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
TREX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $48.5 | 8.9% above |
| 20 week MA | $47.0 | 12% above |
| 50 week MA | $42.8 | 23% above |
| 100 week MA | $50.4 | 4.9% above |
| 200 week MA | $60.3 | 12% below |
TREX has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW's yearly returns have swung widely, from +501% in 2024 to −74% in 2022. It's up 12% so far in 2026.
TREX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $45.2 | $86.3 | +91% |
| 2021 | $86.3 | $132.8 | +54% |
| 2022 | $132.8 | $41.9 | -68% |
| 2023 | $41.9 | $82.8 | +98% |
| 2024 | $82.8 | $70.3 | -15% |
| 2025 | $70.3 | $35.7 | -49% |
| 2026 YTD | $35.7 | $52.8 | +48% |
TREX has the edge over RDW on returns for 2026, with the stronger performance.