Ethanol & By-Products was Rex American Resources’s largest segment in fiscal 2026, bringing in $1.66B of $650.49M (255%).
| Segment | FY 2012 | FY 2017 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ethanol & By-Products | — | $2.21B | $1.66B | $1.66B | ||||||
| Ethanol | $649.50M | — | — | — | ||||||
| Alternative Energy | — | — | — | — | ||||||
| Dried Distillers Grains | $139.12M | — | — | — | ||||||
| Distillers Corn Oil | — | — | — | — | ||||||
| Non-Food Grade Corn Oil | $55.60M | — | — | — | ||||||
| Modified Distillers Grains | $11.58M | — | — | — | ||||||
| Refined Coal | — | — | — | — | ||||||
| Real Estate | — | — | — | — | ||||||
| Other[Member] | $231.00K | — | — | — | ||||||
| Derivative Financial Instrument Losses | -$1.02M | — | — | — | ||||||
| Equity Method Ethanol Investment | — | -$1.38B | -$1.02B | -$1.01B | ||||||
| Total | $855.00M | $833.38M | $642.49M | $650.49M |
Rex American Resources brought in $650.49M from its two segments in fiscal 2026, the year ended January 31, 2026. That was up 1.2% from $642.49M in fiscal 2025. Ethanol & By-Products was the largest at $1.66B (254.9%).
Rex American Resources began breaking out Ethanol & By-Products in fiscal 2024 and Equity Method Ethanol Investment in fiscal 2024. Rex American Resources stopped reporting Ethanol ($649.50M in fiscal 2023), Dried Distillers Grains ($139.12M in fiscal 2023), Non-Food Grade Corn Oil ($55.60M in fiscal 2023) and two others as separate segments. The total is net of Equity Method Ethanol Investment, which took $1.01B off revenue in fiscal 2026.
Ethanol was Rex American Resources’s largest product and service line in fiscal 2026, bringing in $504.42M of $650.49M (78%).
| Product and Service | FY 2013 | FY 2014 | FY 2015 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|---|
| Ethanol | $635.42M | $496.41M | $504.42M | |||
| Dried Distillers Grains | — | $101.43M | $88.16M | |||
| Distillers Corn Oil | — | $39.00M | $52.38M | |||
| Non-Food Grade Corn Oil | — | — | — | |||
| Modified Distillers Grains | $5.58M | $4.90M | $5.39M | |||
| Other Product | — | — | — | |||
| Other[Member] | $309.00K | $329.00K | $399.00K | |||
| Derivative Financial Instrument (Losses) Gains | -$37.00K | $424.00K | -$254.00K | |||
| Total | $641.28M | $642.49M | $650.49M |
Rex American Resources brought in $650.49M from its six product and service lines in fiscal 2026, the year ended January 31, 2026. That was up 1.2% from $642.49M in fiscal 2025. Ethanol was the largest at $504.42M (77.5%), ahead of Dried Distillers Grains at $88.16M (13.6%) and Distillers Corn Oil at $52.38M (8.1%). The other two lines brought in $5.79M combined.
Compared with fiscal 2025, Distillers Corn Oil grew fastest, up 34.3% to $52.38M, while Dried Distillers Grains fell the most, down 13.1% to $88.16M.
Rex American Resources began breaking out Distillers Corn Oil in fiscal 2025, when it brought in $39.00M. The total is net of Derivative Financial Instrument (Losses) Gains, which took $254.00K off revenue in fiscal 2026.
Rex American Resources (REX) reports its revenue by segment and by product and service. In fiscal 2026, Ethanol & By-Products was its largest segment, bringing in $1.66B (254.9% of the total).
Ethanol & By-Products was Rex American Resources' largest segment in fiscal 2026, bringing in $1.66B, or 254.9% of the $650.49M total across its two segments.
Ethanol was Rex American Resources' largest product and service line in fiscal 2026, bringing in $504.42M, or 77.5% of the $650.49M total across its six product and service lines.
Among Rex American Resources' product and service lines that make up at least 2% of revenue, Distillers Corn Oil grew fastest in fiscal 2026, up 34.3% from $39.00M to $52.38M.
Every figure comes from Rex American Resources' annual financial filings, as reported. Each line keeps the name Rex American Resources gives it, and years follow its fiscal calendar.
Rex American Resources' revenue by segment goes back to fiscal 2012, with figures through fiscal 2026. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.