Trex vs Worthington Enterprises
Worthington Enterprises reported revenue of $1.4 billion in fiscal 2026, 1.2 times Trex's $1.2 billion in fiscal 2025. Trex's revenue grew 2.0% in its latest year, and Worthington Enterprises' grew 19.7%. Trex had an operating margin of 22.0%, against 5.5% at Worthington Enterprises. Free cash flow was $135 million at Trex and $170 million at Worthington Enterprises. Their fiscal years end in different months (December 31 and May 31), so the periods don't line up exactly.
Side by side
| Trex | Worthington Enterprises | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2026, May 31, 2026 |
| Revenue | $1.2B | $1.4B |
| Revenue growth | 2.0% | 19.7% |
| Revenue growth a year, last 5 years | 5.9% | −15.3% |
| Gross margin | 39.2% | 27.4% |
| Operating margin | 22.0% | 5.5% |
| Net margin | 16.2% | 11.3% |
| Free cash flow | $135M | $170M |
| Free cash flow margin | 11.5% | 12.3% |
| Return on capital | — | 5.1% |
| Net debt to EBITDA | — | 2.1x |
| Dividends and buybacks | $54M | $81M |
| Change in diluted share count | −1.1% | −0.8% |
| Last close | $54.74 | $60.50 |
| P/E at the last close | 31.6× | 18.3× |
| Insider trades, last 12 months | bought $982,391, sold $122,574 | sold $10.0 million |
| Piotroski F-score | — | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
TrexWorthington Enterprises
Operating margin
Percent of revenue
TrexWorthington Enterprises
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
TrexWorthington Enterprises
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Trex and Worthington Enterprises pages.