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Side-by-side financial comparison of FULTON FINANCIAL CORP (FULT) and TREX CO INC (TREX). Click either name above to swap in a different company.

TREX CO INC is the larger business by last-quarter revenue ($343.4M vs $336.2M, roughly 1.0× FULTON FINANCIAL CORP). FULTON FINANCIAL CORP runs the higher net margin — 28.2% vs 17.9%, a 10.3% gap on every dollar of revenue. On growth, FULTON FINANCIAL CORP posted the faster year-over-year revenue change (4.2% vs 1.0%). Over the past eight quarters, FULTON FINANCIAL CORP's revenue compounded faster (0.2% CAGR vs -4.5%).

Fulton Financial Corporation is an American regional financial services holding company, headquartered in Lancaster, Pennsylvania.

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.

FULT vs TREX — Head-to-Head

Bigger by revenue
TREX
TREX
1.0× larger
TREX
$343.4M
$336.2M
FULT
Growing faster (revenue YoY)
FULT
FULT
+3.2% gap
FULT
4.2%
1.0%
TREX
Higher net margin
FULT
FULT
10.3% more per $
FULT
28.2%
17.9%
TREX
Faster 2-yr revenue CAGR
FULT
FULT
Annualised
FULT
0.2%
-4.5%
TREX

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FULT
FULT
TREX
TREX
Revenue
$336.2M
$343.4M
Net Profit
$94.8M
$61.4M
Gross Margin
40.5%
Operating Margin
24.3%
Net Margin
28.2%
17.9%
Revenue YoY
4.2%
1.0%
Net Profit YoY
1.9%
1.6%
EPS (diluted)
$0.55
$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.

Revenue
FULT
FULT
TREX
TREX
Q1 26
$336.2M
$343.4M
Q4 25
$336.0M
$161.1M
Q3 25
$334.6M
$285.3M
Q2 25
$324.1M
$387.8M
Q1 25
$318.4M
$340.0M
Q4 24
$319.6M
$167.6M
Q3 24
$317.7M
$233.7M
Q2 24
$334.7M
$376.5M
Net Profit
FULT
FULT
TREX
TREX
Q1 26
$94.8M
$61.4M
Q4 25
$99.0M
$2.3M
Q3 25
$100.5M
$51.8M
Q2 25
$99.2M
$75.9M
Q1 25
$93.0M
$60.4M
Q4 24
$68.6M
$9.8M
Q3 24
$63.2M
$40.6M
Q2 24
$95.0M
$87.0M
Gross Margin
FULT
FULT
TREX
TREX
Q1 26
40.5%
Q4 25
30.2%
Q3 25
40.5%
Q2 25
40.8%
Q1 25
40.5%
Q4 24
32.7%
Q3 24
39.9%
Q2 24
44.7%
Operating Margin
FULT
FULT
TREX
TREX
Q1 26
24.3%
Q4 25
35.7%
2.2%
Q3 25
38.2%
24.7%
Q2 25
37.8%
26.4%
Q1 25
36.1%
24.0%
Q4 24
27.0%
9.2%
Q3 24
25.1%
23.2%
Q2 24
30.8%
31.1%
Net Margin
FULT
FULT
TREX
TREX
Q1 26
28.2%
17.9%
Q4 25
29.5%
1.4%
Q3 25
30.0%
18.1%
Q2 25
30.6%
19.6%
Q1 25
29.2%
17.8%
Q4 24
21.5%
5.8%
Q3 24
19.9%
17.4%
Q2 24
28.4%
23.1%
EPS (diluted)
FULT
FULT
TREX
TREX
Q1 26
$0.55
$0.58
Q4 25
$0.53
$0.03
Q3 25
$0.53
$0.48
Q2 25
$0.53
$0.71
Q1 25
$0.49
$0.56
Q4 24
$0.36
$0.10
Q3 24
$0.33
$0.37
Q2 24
$0.52
$0.80

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FULT
FULT
TREX
TREX
Cash + ST InvestmentsLiquidity on hand
$4.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.5B
$995.8M
Total Assets
$32.2B
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FULT
FULT
TREX
TREX
Q1 26
$4.5M
Q4 25
$3.8M
Q3 25
$11.4M
Q2 25
$5.5M
Q1 25
$5.0M
Q4 24
$1.3M
Q3 24
$12.8M
Q2 24
$1.2M
Stockholders' Equity
FULT
FULT
TREX
TREX
Q1 26
$3.5B
$995.8M
Q4 25
$3.5B
$1.0B
Q3 25
$3.4B
$1.0B
Q2 25
$3.3B
$989.3M
Q1 25
$3.3B
$910.1M
Q4 24
$3.2B
$850.1M
Q3 24
$3.2B
$887.9M
Q2 24
$3.1B
$894.9M
Total Assets
FULT
FULT
TREX
TREX
Q1 26
$32.2B
$1.7B
Q4 25
$32.1B
$1.5B
Q3 25
$32.0B
$1.5B
Q2 25
$32.0B
$1.5B
Q1 25
$32.1B
$1.6B
Q4 24
$32.1B
$1.3B
Q3 24
$32.2B
$1.3B
Q2 24
$31.8B
$1.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FULT
FULT
TREX
TREX
Operating Cash FlowLast quarter
$-118.4M
Free Cash FlowOCF − Capex
$-143.4M
FCF MarginFCF / Revenue
-41.8%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-1.93×
TTM Free Cash FlowTrailing 4 quarters
$224.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FULT
FULT
TREX
TREX
Q1 26
$-118.4M
Q4 25
$304.5M
$65.5M
Q3 25
$116.1M
$196.9M
Q2 25
$91.7M
$249.8M
Q1 25
$703.0K
$-154.0M
Q4 24
$416.6M
$-8.5M
Q3 24
$-22.0M
$132.8M
Q2 24
$157.8M
$193.7M
Free Cash Flow
FULT
FULT
TREX
TREX
Q1 26
$-143.4M
Q4 25
$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
FCF Margin
FULT
FULT
TREX
TREX
Q1 26
-41.8%
Q4 25
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%
Capex Intensity
FULT
FULT
TREX
TREX
Q1 26
Q4 25
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%
Cash Conversion
FULT
FULT
TREX
TREX
Q1 26
-1.93×
Q4 25
3.08×
28.45×
Q3 25
1.16×
3.80×
Q2 25
0.92×
3.29×
Q1 25
0.01×
-2.55×
Q4 24
6.07×
-0.87×
Q3 24
-0.35×
3.27×
Q2 24
1.66×
2.23×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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