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Side-by-side financial comparison of Diversified Energy Co (DEC) and TREX CO INC (TREX). Click either name above to swap in a different company.
Diversified Energy Co is the larger business by last-quarter revenue ($666.5M vs $343.4M, roughly 1.9× TREX CO INC). Diversified Energy Co runs the higher net margin — 29.3% vs 17.9%, a 11.4% gap on every dollar of revenue. Diversified Energy Co produced more free cash flow last quarter ($280.0M vs $-143.4M).
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
Trex Company, Inc. is a manufacturer of wood-alternative composite decking, residential railing, and other outdoor items made from recycled materials. Its headquarters is in Winchester, Virginia.
DEC vs TREX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $666.5M | $343.4M |
| Net Profit | $195.5M | $61.4M |
| Gross Margin | — | 40.5% |
| Operating Margin | 37.6% | 24.3% |
| Net Margin | 29.3% | 17.9% |
| Revenue YoY | — | 1.0% |
| Net Profit YoY | — | 1.6% |
| EPS (diluted) | — | $0.58 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $343.4M | ||
| Q4 25 | $666.5M | $161.1M | ||
| Q3 25 | $499.8M | $285.3M | ||
| Q2 25 | $600.3M | $387.8M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | — | $167.6M | ||
| Q3 24 | — | $233.7M | ||
| Q2 24 | — | $376.5M |
| Q1 26 | — | $61.4M | ||
| Q4 25 | $195.5M | $2.3M | ||
| Q3 25 | $171.1M | $51.8M | ||
| Q2 25 | $297.7M | $75.9M | ||
| Q1 25 | — | $60.4M | ||
| Q4 24 | — | $9.8M | ||
| Q3 24 | — | $40.6M | ||
| Q2 24 | — | $87.0M |
| Q1 26 | — | 40.5% | ||
| Q4 25 | — | 30.2% | ||
| Q3 25 | — | 40.5% | ||
| Q2 25 | 44.7% | 40.8% | ||
| Q1 25 | — | 40.5% | ||
| Q4 24 | — | 32.7% | ||
| Q3 24 | — | 39.9% | ||
| Q2 24 | — | 44.7% |
| Q1 26 | — | 24.3% | ||
| Q4 25 | 37.6% | 2.2% | ||
| Q3 25 | 36.2% | 24.7% | ||
| Q2 25 | 48.5% | 26.4% | ||
| Q1 25 | — | 24.0% | ||
| Q4 24 | — | 9.2% | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 31.1% |
| Q1 26 | — | 17.9% | ||
| Q4 25 | 29.3% | 1.4% | ||
| Q3 25 | 34.2% | 18.1% | ||
| Q2 25 | 49.6% | 19.6% | ||
| Q1 25 | — | 17.8% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 17.4% | ||
| Q2 24 | — | 23.1% |
| Q1 26 | — | $0.58 | ||
| Q4 25 | — | $0.03 | ||
| Q3 25 | $2.14 | $0.48 | ||
| Q2 25 | $3.67 | $0.71 | ||
| Q1 25 | — | $0.56 | ||
| Q4 24 | — | $0.10 | ||
| Q3 24 | — | $0.37 | ||
| Q2 24 | — | $0.80 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.7M | $4.5M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $984.1M | $995.8M |
| Total Assets | $6.2B | $1.7B |
| Debt / EquityLower = less leverage | 2.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $4.5M | ||
| Q4 25 | $29.7M | $3.8M | ||
| Q3 25 | — | $11.4M | ||
| Q2 25 | $23.7M | $5.5M | ||
| Q1 25 | — | $5.0M | ||
| Q4 24 | — | $1.3M | ||
| Q3 24 | — | $12.8M | ||
| Q2 24 | — | $1.2M |
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $995.8M | ||
| Q4 25 | $984.1M | $1.0B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | $727.7M | $989.3M | ||
| Q1 25 | — | $910.1M | ||
| Q4 24 | — | $850.1M | ||
| Q3 24 | — | $887.9M | ||
| Q2 24 | — | $894.9M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $6.2B | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $5.7B | $1.5B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | 2.76× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $464.6M | $-118.4M |
| Free Cash FlowOCF − Capex | $280.0M | $-143.4M |
| FCF MarginFCF / Revenue | 42.0% | -41.8% |
| Capex IntensityCapex / Revenue | 27.7% | — |
| Cash ConversionOCF / Net Profit | 2.38× | -1.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $224.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-118.4M | ||
| Q4 25 | $464.6M | $65.5M | ||
| Q3 25 | — | $196.9M | ||
| Q2 25 | $264.1M | $249.8M | ||
| Q1 25 | — | $-154.0M | ||
| Q4 24 | — | $-8.5M | ||
| Q3 24 | — | $132.8M | ||
| Q2 24 | — | $193.7M |
| Q1 26 | — | $-143.4M | ||
| Q4 25 | $280.0M | $22.1M | ||
| Q3 25 | — | $142.9M | ||
| Q2 25 | — | $203.0M | ||
| Q1 25 | — | $-233.5M | ||
| Q4 24 | — | $-89.3M | ||
| Q3 24 | — | $54.5M | ||
| Q2 24 | — | $158.2M |
| Q1 26 | — | -41.8% | ||
| Q4 25 | 42.0% | 13.7% | ||
| Q3 25 | — | 50.1% | ||
| Q2 25 | — | 52.3% | ||
| Q1 25 | — | -68.7% | ||
| Q4 24 | — | -53.3% | ||
| Q3 24 | — | 23.3% | ||
| Q2 24 | — | 42.0% |
| Q1 26 | — | — | ||
| Q4 25 | 27.7% | 26.9% | ||
| Q3 25 | — | 18.9% | ||
| Q2 25 | — | 12.1% | ||
| Q1 25 | — | 23.4% | ||
| Q4 24 | — | 48.2% | ||
| Q3 24 | — | 33.5% | ||
| Q2 24 | — | 9.4% |
| Q1 26 | — | -1.93× | ||
| Q4 25 | 2.38× | 28.45× | ||
| Q3 25 | — | 3.80× | ||
| Q2 25 | 0.89× | 3.29× | ||
| Q1 25 | — | -2.55× | ||
| Q4 24 | — | -0.87× | ||
| Q3 24 | — | 3.27× | ||
| Q2 24 | — | 2.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
