TREX
Trex Company, Inc.
TREX's outlook is improving, though it still trails on the overall score.
VRT
Vertiv Holdings Co
VRT has the edge over TREX overall, supported by stronger fundamentals and stronger modeled upside.
TREX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Healthy |
TREX's revenue, profitability, cash flow and balance sheet are all currently healthy.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
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.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT has the edge over TREX in the historical PE scenario, which offers more potential upside but is not a forecast.
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.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for VRT, with profitability improving.
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's earnings per share have fallen from their peak: $1.73 over the past year, against $2.42 in mid-2024.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over TREX on earnings, with more consistent year-over-year improvement.
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's operating margin was 20% last quarter, down 4.5 points from the same quarter a year ago.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over TREX on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over TREX on profitability, with a higher operating margin.
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 still generates free cash flow, though less than at its 2025 peak: $201M over the past year.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over TREX on cash flow, with more consistent year-over-year improvement.
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 VRT 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.
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has 393M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
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).
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has the edge over TREX on leverage, with a lower net debt burden relative to earnings.
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).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
TREX PE vs Industrials Sector
| Metric | TREX | Sector median | Relative |
|---|---|---|---|
| PE | 31x | 24x | 27% above |
| PE % | 35 | 58 | 23 pts below |
TREX has the edge over VRT on valuation relative to its sector.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT is trading at 39x earnings, a 63% premium to the Industrials sector's median of 24x.
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 VRT on trend strength, trading above more of its moving averages.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 70% above its 200-week average.
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 VRT on returns for 2026, with the stronger performance.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT's yearly returns have swung widely, from +275% in 2023 to −48% in 2022. It's up 25% so far in 2026.