Trex (TREX) Operating Margin (2010 - 2026)
Trex (TREX) reported Operating Margin of 20.62% for Q2 2026, down 5.79 percentage points from 26.40% a year earlier and down 3.70 percentage points from the prior quarter.
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Analysis
Trex (TREX) Operating Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Trex's Operating Margin came in at 20.17%, down 3.75 percentage points year-over-year; for FY2025, it came in at 21.97%, down 5.99 percentage points from FY2024.
- Operating Margin has a five-year change of -4.56 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 27.96% in FY2024 (+2.88 pp), 25.08% in FY2023 (+2.77 pp), 22.31% in FY2022 (-0.70 pp) and 23.01% in FY2021 (-3.52 pp).
- Five-year quarterly Operating Margin spans a low of 2.17% in Q4 2025 and a high of 31.85% in Q1 2024.
- Year over year, Operating Margin gained in three of the last eight quarters, with an average year-over-year change of -4.14 percentage points.
- The high point for year-over-year Operating Margin in five years was Q3 2023 (a gain of 18.16 percentage points); the low point was Q3 2022 (a drop of 18.94 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 24.32% (Q1 2026), 2.17% (Q4 2025) and 24.67% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 103.39 Bn | 98.11 Bn | 2.26 Bn | 19.27% |
| 2 | Johnson Controls International | 91.67 Bn | 89.40 Bn | 2.47 Bn | 14.92% |
| 3 | Comfort Systems Usa | 50.14 Bn | 45.40 Bn | 844.23 Mn | 17.09% |
| 4 | Carrier Global | 46.62 Bn | 40.93 Bn | 1.94 Bn | 12.99% |
| 5 | Otis Worldwide | 27.57 Bn | 23.99 Bn | 1.14 Bn | 14.90% |
| 6 | James Hardie Industries | 15.33 Bn | 14.40 Bn | 548.70 Mn | 14.76% |
| 7 | Masco | 14.83 Bn | 12.69 Bn | 868.00 Mn | 23.59% |
| 8 | Carlisle Companies | 13.73 Bn | 10.08 Bn | 568.40 Mn | 22.45% |
| 9 | Allegion | 13.41 Bn | 12.12 Bn | 517.50 Mn | 22.12% |
| 10 | Trex | 5.03 Bn | 5.00 Bn | 158.34 Mn | 20.62% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.62% |
| Mar 31, 2026 | 24.32% |
| Dec 31, 2025 | 2.17% |
| Sep 30, 2025 | 24.67% |
| Jun 30, 2025 | 26.40% |
| Mar 31, 2025 | 24.02% |
| Dec 31, 2024 | 18.90% |
| Sep 30, 2024 | 23.23% |
| Jun 30, 2024 | 31.05% |
| Mar 31, 2024 | 31.85% |
| Dec 31, 2023 | 13.55% |
| Sep 30, 2023 | 28.42% |
| Jun 30, 2023 | 29.38% |
| Mar 31, 2023 | 23.86% |
| Dec 31, 2022 | 7.61% |
| Sep 30, 2022 | 10.27% |
| Jun 30, 2022 | 30.50% |
| Mar 31, 2022 | 27.99% |
| Dec 31, 2021 | 10.01% |
| Sep 30, 2021 | 29.21% |
API Access
Trex Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=TREX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "TREX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=TREX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();