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Side-by-side financial comparison of LXP Industrial Trust (LXP) 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 ($161.1M vs $86.7M, roughly 1.9× LXP Industrial Trust). LXP Industrial Trust runs the higher net margin — 33.2% vs 1.4%, a 31.7% gap on every dollar of revenue. On growth, TREX CO INC posted the faster year-over-year revenue change (-3.9% vs -14.0%). Over the past eight quarters, LXP Industrial Trust's revenue compounded faster (0.3% CAGR vs -34.3%).
LXP Industrial Trust is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality industrial real estate assets, primarily distribution centers, logistics facilities, and light industrial properties across key markets in the United States. Its tenant base covers e-commerce, third-party logistics, and advanced manufacturing sectors, delivering stable long-term returns for its investors.
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.
LXP vs TREX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.7M | $161.1M |
| Net Profit | $28.8M | $2.3M |
| Gross Margin | 81.5% | 30.2% |
| Operating Margin | 34.6% | 2.2% |
| Net Margin | 33.2% | 1.4% |
| Revenue YoY | -14.0% | -3.9% |
| Net Profit YoY | — | -76.4% |
| EPS (diluted) | — | $0.03 |
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.
| Q4 25 | $86.7M | $161.1M | ||
| Q3 25 | $86.9M | $285.3M | ||
| Q2 25 | $87.7M | $387.8M | ||
| Q1 25 | $88.9M | $340.0M | ||
| Q4 24 | $100.9M | $167.6M | ||
| Q3 24 | $85.6M | $233.7M | ||
| Q2 24 | $85.8M | $376.5M | ||
| Q1 24 | $86.3M | $373.6M |
| Q4 25 | $28.8M | $2.3M | ||
| Q3 25 | $36.3M | $51.8M | ||
| Q2 25 | $29.1M | $75.9M | ||
| Q1 25 | $19.0M | $60.4M | ||
| Q4 24 | — | $9.8M | ||
| Q3 24 | $6.3M | $40.6M | ||
| Q2 24 | $5.4M | $87.0M | ||
| Q1 24 | $-269.0K | $89.1M |
| Q4 25 | 81.5% | 30.2% | ||
| Q3 25 | 82.3% | 40.5% | ||
| Q2 25 | 81.9% | 40.8% | ||
| Q1 25 | 80.7% | 40.5% | ||
| Q4 24 | 85.3% | 32.7% | ||
| Q3 24 | 82.5% | 39.9% | ||
| Q2 24 | 82.0% | 44.7% | ||
| Q1 24 | 82.4% | 45.4% |
| Q4 25 | 34.6% | 2.2% | ||
| Q3 25 | 50.4% | 24.7% | ||
| Q2 25 | 33.7% | 26.4% | ||
| Q1 25 | 21.8% | 24.0% | ||
| Q4 24 | — | 9.2% | ||
| Q3 24 | 7.9% | 23.2% | ||
| Q2 24 | 6.9% | 31.1% | ||
| Q1 24 | 1.0% | 31.9% |
| Q4 25 | 33.2% | 1.4% | ||
| Q3 25 | 41.7% | 18.1% | ||
| Q2 25 | 33.2% | 19.6% | ||
| Q1 25 | 21.4% | 17.8% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | 7.4% | 17.4% | ||
| Q2 24 | 6.3% | 23.1% | ||
| Q1 24 | -0.3% | 23.8% |
| Q4 25 | — | $0.03 | ||
| Q3 25 | $0.12 | $0.48 | ||
| Q2 25 | $0.09 | $0.71 | ||
| Q1 25 | $0.06 | $0.56 | ||
| Q4 24 | — | $0.10 | ||
| Q3 24 | $0.02 | $0.37 | ||
| Q2 24 | $0.01 | $0.80 | ||
| Q1 24 | $-0.01 | $0.82 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $170.4M | $3.8M |
| Total DebtLower is stronger | $1.4B | — |
| Stockholders' EquityBook value | $2.0B | $1.0B |
| Total Assets | $3.5B | $1.5B |
| Debt / EquityLower = less leverage | 0.66× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $170.4M | $3.8M | ||
| Q3 25 | $229.7M | $11.4M | ||
| Q2 25 | $71.0M | $5.5M | ||
| Q1 25 | $70.9M | $5.0M | ||
| Q4 24 | $101.8M | $1.3M | ||
| Q3 24 | $55.0M | $12.8M | ||
| Q2 24 | $48.7M | $1.2M | ||
| Q1 24 | $293.8M | $3.1M |
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.0B | $1.0B | ||
| Q3 25 | $2.1B | $1.0B | ||
| Q2 25 | $2.1B | $989.3M | ||
| Q1 25 | $2.1B | $910.1M | ||
| Q4 24 | $2.1B | $850.1M | ||
| Q3 24 | $2.1B | $887.9M | ||
| Q2 24 | $2.1B | $894.9M | ||
| Q1 24 | $2.2B | $804.1M |
| Q4 25 | $3.5B | $1.5B | ||
| Q3 25 | $3.7B | $1.5B | ||
| Q2 25 | $3.7B | $1.5B | ||
| Q1 25 | $3.8B | $1.6B | ||
| Q4 24 | $3.8B | $1.3B | ||
| Q3 24 | $3.9B | $1.3B | ||
| Q2 24 | $3.9B | $1.3B | ||
| Q1 24 | $4.2B | $1.3B |
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.73× | — | ||
| Q4 24 | 0.75× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $188.7M | $65.5M |
| Free Cash FlowOCF − Capex | — | $22.1M |
| FCF MarginFCF / Revenue | — | 13.7% |
| Capex IntensityCapex / Revenue | — | 26.9% |
| Cash ConversionOCF / Net Profit | 6.56× | 28.45× |
| TTM Free Cash FlowTrailing 4 quarters | — | $134.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $188.7M | $65.5M | ||
| Q3 25 | $63.5M | $196.9M | ||
| Q2 25 | $44.3M | $249.8M | ||
| Q1 25 | $39.0M | $-154.0M | ||
| Q4 24 | $211.2M | $-8.5M | ||
| Q3 24 | $64.6M | $132.8M | ||
| Q2 24 | $38.5M | $193.7M | ||
| Q1 24 | $38.9M | $-174.0M |
| 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 | ||
| Q1 24 | — | $-211.8M |
| 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% | ||
| Q1 24 | — | -56.7% |
| 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% | ||
| Q1 24 | — | 10.1% |
| Q4 25 | 6.56× | 28.45× | ||
| Q3 25 | 1.75× | 3.80× | ||
| Q2 25 | 1.52× | 3.29× | ||
| Q1 25 | 2.05× | -2.55× | ||
| Q4 24 | — | -0.87× | ||
| Q3 24 | 10.18× | 3.27× | ||
| Q2 24 | 7.09× | 2.23× | ||
| Q1 24 | — | -1.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
