Trex Company Inc (TREX)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 485,669 | 501,563 | 539,253 | 527,591 | 452,407 | 447,262 | 362,575 | 363,504 | 403,988 | 456,677 | 538,719 | 499,615 | 460,504 | 434,716 | 391,430 | 365,562 | 359,457 | 338,328 | 335,795 | 326,834 |
| Revenue (ttm) | US$ in thousands | 1,148,955 | 1,177,946 | 1,248,794 | 1,227,557 | 1,092,772 | 1,073,190 | 957,092 | 988,224 | 1,090,705 | 1,218,011 | 1,365,421 | 1,290,639 | 1,197,050 | 1,121,376 | 1,017,204 | 926,340 | 881,755 | 818,241 | 781,826 | 767,561 |
| Gross profit margin | 42.27% | 42.58% | 43.18% | 42.98% | 41.40% | 41.68% | 37.88% | 36.78% | 37.04% | 37.49% | 39.45% | 38.71% | 38.47% | 38.77% | 38.48% | 39.46% | 40.77% | 41.35% | 42.95% | 42.58% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $485,669K ÷ $1,148,955K
= 42.27%
Trex Company Inc's gross profit margin has shown some fluctuations over the past few years, ranging from a high of 43.18% in June 2024 to a low of 36.78% in March 2023. The trend in the gross profit margin appears to be somewhat volatile, with the margin rising and falling periodically.
It is worth noting that the gross profit margin decreased consistently from 42.58% in March 2020 to 37.49% in September 2022, indicating a downward trend in profitability during that period. However, there was a notable recovery in the gross profit margin in the following quarters, reaching highs of 42.98% in March 2024 and 42.27% in December 2024.
Overall, despite the fluctuations, Trex Company Inc's gross profit margin has generally remained at a moderate to high level over the analyzed period, with the company successfully maintaining profitability in its operations. It would be important for the company to continue monitoring and managing its costs effectively to sustain and potentially improve its gross profit margin in the future.
Peer comparison
Dec 31, 2024