REX
REX American Resources Corporation
REX's fundamentals are mixed, but it looks cheap: trading at 11x earnings, below its usual 15x.
REX Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Healthy | |
| Strong |
REX's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
REX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $39.80 | -1.1% |
| Current | 11x | $40.23 | — |
| Fair | 15x | $54.61 | +36% |
| Expensive | 22x | $79.57 | +98% |
Historical ranges are pointers, not guarantees.
REX's PE is in its cheap range at 11x.
REX Forward outlook
There aren't enough analyst estimates for REX to show an outlook.
REX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $3.65 | +147% |
| Q2 2026 | $2.81 | +75% |
| Q1 2026 | $2.50 | +52% |
| Q4 2025 | $1.50 | -21% |
| Q3 2025 | $1.48 | -25% |
| Q2 2025 | $1.61 | -14% |
| Q1 2025 | $1.65 | -5.2% |
| Q4 2022 | $1.15 | +20% |
REX earned $3.65 per share over the past year, up 147% from the year before.
REX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $168.5M | +6.3% |
| Q2 2026 | $156.5M | -1.2% |
| Q1 2026 | $158M | -0.2% |
| Q4 2025 | $175.6M | +0.4% |
| Q3 2025 | $158.6M | +7% |
| Q2 2025 | $158.3M | -1.8% |
| Q1 2025 | $158.2M | -16% |
| Q4 2024 | $174.9M | -21% |
REX's revenue is recovering but still below its 2022 peak: $168M last quarter, up 6.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | 20% | -2.4 points |
| Q1 2025 | 11% | -6 points |
| Q4 2024 | 23% | +3.9 points |
| Q3 2024 | 13% | +5.6 points |
| Q2 2024 | 9.9% | +5.8 points |
| Q1 2024 | 17% | +11 points |
| Q4 2023 | 19% | +16 points |
| Q3 2023 | 7.6% | -0.4 points |
REX's operating margin was 20% last quarter, up 10 points from the same quarter a year ago, near the top of its range since 2019.
REX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $16.8M | +$22.5M |
| Q2 2026 | -$13.7M | -$3.4M |
| Q1 2026 | $41M | +346% |
| Q4 2025 | $24.5M | +35% |
| Q3 2025 | -$5.7M | +$1.7M |
| Q2 2025 | -$10.4M | +$16.7M |
| Q1 2025 | $9.2M | -80% |
| Q4 2024 | $18.2M | -59% |
REX generated $69M in free cash flow over the past year, about six times what it generated the year before.
REX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -26K shares |
| 1 year | +0.2% | +80K shares |
| 3 years | -5.5% | -1.9M shares |
| 5 years | -8.3% | -3M shares |
| Available history | -13% | -4.8M shares |
REX has 33M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.6M |
| Q2 2026 | — |
| Q1 2026 | $1,000 |
| Q4 2025 | — |
| Q3 2025 | $712,000 |
| Q2 2025 | $32.7M |
| Q1 2023 | — |
| Q4 2022 | $6.8M |
REX spent $2M buying back its own shares over the past year.
REX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2025 | -1.8x | Net Cash |
| Q4 2024 | -2.4x | Net Cash |
| Q3 2024 | -2.1x | Net Cash |
| Q2 2024 | -1.9x | Net Cash |
| Q1 2024 | -1.9x | Net Cash |
| Q4 2023 | -0.8x | Net Cash |
| Q3 2023 | -1.7x | Net Cash |
| Q2 2023 | -1.2x | Net Cash |
REX has more cash than debt.
REX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.9 | Neutral |
| Stochastic | 19.0 | Oversold |
REX's weekly RSI is 44 (neutral) and its Stochastic is 19 (oversold).
REX PE vs Basic Materials Sector
| Metric | REX | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 19x | 41% below |
| PE % | 19 | 40 | 21 pts below |
REX is trading at 11x earnings, a 41% discount to the Basic Materials sector's median of 19x.
REX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $41.1 | 2.1% below |
| 20 week MA | $42.8 | 5.9% below |
| 50 week MA | $41.2 | 2.4% below |
| 100 week MA | $33.0 | 22% above |
| 200 week MA | $26.8 | 50% above |
REX has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 50% above its 200-week average.
REX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.8 | $12.6 | -8.6% |
| 2021 | $12.6 | $16.5 | +31% |
| 2022 | $16.5 | $15.0 | -9.1% |
| 2023 | $15.0 | $23.7 | +57% |
| 2024 | $23.7 | $20.8 | -12% |
| 2025 | $20.8 | $34.2 | +64% |
| 2026 YTD | $34.2 | $40.2 | +18% |
REX has finished lower in three of the last six years. It's up 18% so far in 2026.