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Side-by-side financial comparison of iRhythm Holdings, Inc. (IRTC) 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 $208.9M, roughly 1.6× iRhythm Holdings, Inc.). TREX CO INC runs the higher net margin — 17.9% vs 2.7%, a 15.2% gap on every dollar of revenue. On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs 1.0%). iRhythm Holdings, Inc. produced more free cash flow last quarter ($14.5M vs $-143.4M). Over the past eight quarters, iRhythm Holdings, Inc.'s revenue compounded faster (25.8% CAGR vs -4.5%).
iRhythm Holdings is a digital healthcare company focused on cardiac care, developing and commercializing wearable ambulatory heart monitoring devices paired with AI-powered analytical tools. It primarily serves healthcare providers and patients across the United States, helping to detect undiagnosed arrhythmias such as atrial fibrillation through convenient long-term heart rhythm tracking that delivers actionable clinical insights.
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.
IRTC vs TREX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $208.9M | $343.4M |
| Net Profit | $5.6M | $61.4M |
| Gross Margin | 70.9% | 40.5% |
| Operating Margin | 1.1% | 24.3% |
| Net Margin | 2.7% | 17.9% |
| Revenue YoY | 27.1% | 1.0% |
| Net Profit YoY | 518.5% | 1.6% |
| EPS (diluted) | $0.18 | $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 | $208.9M | $161.1M | ||
| Q3 25 | $192.9M | $285.3M | ||
| Q2 25 | $186.7M | $387.8M | ||
| Q1 25 | $158.7M | $340.0M | ||
| Q4 24 | $164.3M | $167.6M | ||
| Q3 24 | $147.5M | $233.7M | ||
| Q2 24 | $148.0M | $376.5M |
| Q1 26 | — | $61.4M | ||
| Q4 25 | $5.6M | $2.3M | ||
| Q3 25 | $-5.2M | $51.8M | ||
| Q2 25 | $-14.2M | $75.9M | ||
| Q1 25 | $-30.7M | $60.4M | ||
| Q4 24 | $-1.3M | $9.8M | ||
| Q3 24 | $-46.2M | $40.6M | ||
| Q2 24 | $-20.1M | $87.0M |
| Q1 26 | — | 40.5% | ||
| Q4 25 | 70.9% | 30.2% | ||
| Q3 25 | 71.1% | 40.5% | ||
| Q2 25 | 71.2% | 40.8% | ||
| Q1 25 | 68.8% | 40.5% | ||
| Q4 24 | 70.0% | 32.7% | ||
| Q3 24 | 68.8% | 39.9% | ||
| Q2 24 | 69.9% | 44.7% |
| Q1 26 | — | 24.3% | ||
| Q4 25 | 1.1% | 2.2% | ||
| Q3 25 | -4.4% | 24.7% | ||
| Q2 25 | -10.0% | 26.4% | ||
| Q1 25 | -20.5% | 24.0% | ||
| Q4 24 | -2.5% | 9.2% | ||
| Q3 24 | -34.1% | 23.2% | ||
| Q2 24 | -15.5% | 31.1% |
| Q1 26 | — | 17.9% | ||
| Q4 25 | 2.7% | 1.4% | ||
| Q3 25 | -2.7% | 18.1% | ||
| Q2 25 | -7.6% | 19.6% | ||
| Q1 25 | -19.3% | 17.8% | ||
| Q4 24 | -0.8% | 5.8% | ||
| Q3 24 | -31.3% | 17.4% | ||
| Q2 24 | -13.6% | 23.1% |
| Q1 26 | — | $0.58 | ||
| Q4 25 | $0.18 | $0.03 | ||
| Q3 25 | $-0.16 | $0.48 | ||
| Q2 25 | $-0.44 | $0.71 | ||
| Q1 25 | $-0.97 | $0.56 | ||
| Q4 24 | $-0.03 | $0.10 | ||
| Q3 24 | $-1.48 | $0.37 | ||
| Q2 24 | $-0.65 | $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 | $583.8M | $4.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $152.7M | $995.8M |
| Total Assets | $1.0B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $4.5M | ||
| Q4 25 | $583.8M | $3.8M | ||
| Q3 25 | $565.2M | $11.4M | ||
| Q2 25 | $545.5M | $5.5M | ||
| Q1 25 | $520.6M | $5.0M | ||
| Q4 24 | $535.6M | $1.3M | ||
| Q3 24 | $522.0M | $12.8M | ||
| Q2 24 | $561.5M | $1.2M |
| Q1 26 | — | $995.8M | ||
| Q4 25 | $152.7M | $1.0B | ||
| Q3 25 | $121.9M | $1.0B | ||
| Q2 25 | $103.7M | $989.3M | ||
| Q1 25 | $86.7M | $910.1M | ||
| Q4 24 | $90.9M | $850.1M | ||
| Q3 24 | $71.8M | $887.9M | ||
| Q2 24 | $99.2M | $894.9M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.0B | $1.5B | ||
| Q3 25 | $995.2M | $1.5B | ||
| Q2 25 | $964.0M | $1.5B | ||
| Q1 25 | $926.1M | $1.6B | ||
| Q4 24 | $931.4M | $1.3B | ||
| Q3 24 | $909.7M | $1.3B | ||
| Q2 24 | $919.2M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $26.2M | $-118.4M |
| Free Cash FlowOCF − Capex | $14.5M | $-143.4M |
| FCF MarginFCF / Revenue | 6.9% | -41.8% |
| Capex IntensityCapex / Revenue | 5.6% | — |
| Cash ConversionOCF / Net Profit | 4.70× | -1.93× |
| TTM Free Cash FlowTrailing 4 quarters | $34.5M | $224.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-118.4M | ||
| Q4 25 | $26.2M | $65.5M | ||
| Q3 25 | $34.9M | $196.9M | ||
| Q2 25 | $27.7M | $249.8M | ||
| Q1 25 | $-7.9M | $-154.0M | ||
| Q4 24 | $19.2M | $-8.5M | ||
| Q3 24 | $24.3M | $132.8M | ||
| Q2 24 | $11.8M | $193.7M |
| Q1 26 | — | $-143.4M | ||
| Q4 25 | $14.5M | $22.1M | ||
| Q3 25 | $20.1M | $142.9M | ||
| Q2 25 | $17.3M | $203.0M | ||
| Q1 25 | $-17.3M | $-233.5M | ||
| Q4 24 | $12.4M | $-89.3M | ||
| Q3 24 | $15.5M | $54.5M | ||
| Q2 24 | $3.4M | $158.2M |
| Q1 26 | — | -41.8% | ||
| Q4 25 | 6.9% | 13.7% | ||
| Q3 25 | 10.4% | 50.1% | ||
| Q2 25 | 9.3% | 52.3% | ||
| Q1 25 | -10.9% | -68.7% | ||
| Q4 24 | 7.5% | -53.3% | ||
| Q3 24 | 10.5% | 23.3% | ||
| Q2 24 | 2.3% | 42.0% |
| Q1 26 | — | — | ||
| Q4 25 | 5.6% | 26.9% | ||
| Q3 25 | 7.7% | 18.9% | ||
| Q2 25 | 5.6% | 12.1% | ||
| Q1 25 | 5.9% | 23.4% | ||
| Q4 24 | 4.2% | 48.2% | ||
| Q3 24 | 6.0% | 33.5% | ||
| Q2 24 | 5.7% | 9.4% |
| Q1 26 | — | -1.93× | ||
| Q4 25 | 4.70× | 28.45× | ||
| Q3 25 | — | 3.80× | ||
| Q2 25 | — | 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.
Revenue Breakdown by Segment
IRTC
| Commercial Payors | $111.7M | 53% |
| Centers For Medicare And Medicaid | $49.2M | 24% |
| Healthcare Institutions | $34.3M | 16% |
| Non Contracted Third Party Payors | $13.7M | 7% |
TREX
Segment breakdown not available.
