Trex Company Inc (TREX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 485,668 | 452,407 | 403,989 | 460,504 | 359,457 |
| Revenue | US$ in thousands | 1,148,820 | 1,091,690 | 1,090,750 | 1,197,010 | 881,886 |
| Gross profit margin | 42.28% | 41.44% | 37.04% | 38.47% | 40.76% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $485,668K ÷ $1,148,820K
= 42.28%
The gross profit margin of Trex Company Inc has exhibited some fluctuations over the past five years. Starting at 40.76% in December 2020, the margin decreased to 38.47% by December 2021. Further declining to 37.04% by December 2022, the trend seemed negative. However, in December 2023, a notable improvement was observed as the margin increased to 41.44%. The most recent data point shows a further increase to 42.28% by December 2024, indicating a positive turnaround and potentially improved profitability in the company's operations. It is important for management to monitor this metric closely to ensure sustained growth and operational efficiency.
Peer comparison
Dec 31, 2024