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Side-by-side financial comparison of Purple Innovation, Inc. (PRPL) 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 $140.7M, roughly 1.1× Purple Innovation, Inc.). TREX CO INC runs the higher net margin — 1.4% vs -2.3%, a 3.7% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs -3.9%). TREX CO INC produced more free cash flow last quarter ($22.1M vs $-7.8M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% CAGR vs -34.3%).

Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”

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.

PRPL vs TREX — Head-to-Head

Bigger by revenue
TREX
TREX
1.1× larger
TREX
$161.1M
$140.7M
PRPL
Growing faster (revenue YoY)
PRPL
PRPL
+13.0% gap
PRPL
9.1%
-3.9%
TREX
Higher net margin
TREX
TREX
3.7% more per $
TREX
1.4%
-2.3%
PRPL
More free cash flow
TREX
TREX
$29.9M more FCF
TREX
$22.1M
$-7.8M
PRPL
Faster 2-yr revenue CAGR
PRPL
PRPL
Annualised
PRPL
8.3%
-34.3%
TREX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PRPL
PRPL
TREX
TREX
Revenue
$140.7M
$161.1M
Net Profit
$-3.2M
$2.3M
Gross Margin
41.9%
30.2%
Operating Margin
-1.6%
2.2%
Net Margin
-2.3%
1.4%
Revenue YoY
9.1%
-3.9%
Net Profit YoY
62.1%
-76.4%
EPS (diluted)
$0.03
$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.

Revenue
PRPL
PRPL
TREX
TREX
Q4 25
$140.7M
$161.1M
Q3 25
$118.8M
$285.3M
Q2 25
$105.1M
$387.8M
Q1 25
$104.2M
$340.0M
Q4 24
$129.0M
$167.6M
Q3 24
$118.6M
$233.7M
Q2 24
$120.3M
$376.5M
Q1 24
$120.0M
$373.6M
Net Profit
PRPL
PRPL
TREX
TREX
Q4 25
$-3.2M
$2.3M
Q3 25
$-11.7M
$51.8M
Q2 25
$-17.3M
$75.9M
Q1 25
$-19.1M
$60.4M
Q4 24
$-8.5M
$9.8M
Q3 24
$-39.2M
$40.6M
Q2 24
$27.0K
$87.0M
Q1 24
$-50.2M
$89.1M
Gross Margin
PRPL
PRPL
TREX
TREX
Q4 25
41.9%
30.2%
Q3 25
42.8%
40.5%
Q2 25
35.9%
40.8%
Q1 25
39.4%
40.5%
Q4 24
42.9%
32.7%
Q3 24
29.7%
39.9%
Q2 24
40.7%
44.7%
Q1 24
34.8%
45.4%
Operating Margin
PRPL
PRPL
TREX
TREX
Q4 25
-1.6%
2.2%
Q3 25
-10.2%
24.7%
Q2 25
-13.5%
26.4%
Q1 25
-13.9%
24.0%
Q4 24
-6.0%
9.2%
Q3 24
-39.5%
23.2%
Q2 24
-12.1%
31.1%
Q1 24
-19.3%
31.9%
Net Margin
PRPL
PRPL
TREX
TREX
Q4 25
-2.3%
1.4%
Q3 25
-9.9%
18.1%
Q2 25
-16.5%
19.6%
Q1 25
-18.4%
17.8%
Q4 24
-6.6%
5.8%
Q3 24
-33.1%
17.4%
Q2 24
0.0%
23.1%
Q1 24
-41.8%
23.8%
EPS (diluted)
PRPL
PRPL
TREX
TREX
Q4 25
$0.03
$0.03
Q3 25
$0.11
$0.48
Q2 25
$0.16
$0.71
Q1 25
$0.18
$0.56
Q4 24
$0.08
$0.10
Q3 24
$0.36
$0.37
Q2 24
$0.00
$0.80
Q1 24
$0.47
$0.82

Balance Sheet & Financial Strength

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

Metric
PRPL
PRPL
TREX
TREX
Cash + ST InvestmentsLiquidity on hand
$24.3M
$3.8M
Total DebtLower is stronger
$126.7M
Stockholders' EquityBook value
$-29.7M
$1.0B
Total Assets
$296.3M
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRPL
PRPL
TREX
TREX
Q4 25
$24.3M
$3.8M
Q3 25
$32.4M
$11.4M
Q2 25
$34.2M
$5.5M
Q1 25
$21.6M
$5.0M
Q4 24
$29.0M
$1.3M
Q3 24
$23.4M
$12.8M
Q2 24
$23.4M
$1.2M
Q1 24
$34.5M
$3.1M
Total Debt
PRPL
PRPL
TREX
TREX
Q4 25
$126.7M
Q3 25
Q2 25
Q1 25
Q4 24
$70.7M
Q3 24
$50.8M
Q2 24
Q1 24
Stockholders' Equity
PRPL
PRPL
TREX
TREX
Q4 25
$-29.7M
$1.0B
Q3 25
$-26.9M
$1.0B
Q2 25
$-15.6M
$989.3M
Q1 25
$1.3M
$910.1M
Q4 24
$20.2M
$850.1M
Q3 24
$28.0M
$887.9M
Q2 24
$66.4M
$894.9M
Q1 24
$65.5M
$804.1M
Total Assets
PRPL
PRPL
TREX
TREX
Q4 25
$296.3M
$1.5B
Q3 25
$302.1M
$1.5B
Q2 25
$303.8M
$1.5B
Q1 25
$293.8M
$1.6B
Q4 24
$307.8M
$1.3B
Q3 24
$309.3M
$1.3B
Q2 24
$362.1M
$1.3B
Q1 24
$382.1M
$1.3B
Debt / Equity
PRPL
PRPL
TREX
TREX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
3.50×
Q3 24
1.82×
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
PRPL
PRPL
TREX
TREX
Operating Cash FlowLast quarter
$-5.8M
$65.5M
Free Cash FlowOCF − Capex
$-7.8M
$22.1M
FCF MarginFCF / Revenue
-5.5%
13.7%
Capex IntensityCapex / Revenue
1.4%
26.9%
Cash ConversionOCF / Net Profit
28.45×
TTM Free Cash FlowTrailing 4 quarters
$-41.9M
$134.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRPL
PRPL
TREX
TREX
Q4 25
$-5.8M
$65.5M
Q3 25
$-968.0K
$196.9M
Q2 25
$-4.0M
$249.8M
Q1 25
$-23.1M
$-154.0M
Q4 24
$6.8M
$-8.5M
Q3 24
$1.1M
$132.8M
Q2 24
$-8.9M
$193.7M
Q1 24
$-16.8M
$-174.0M
Free Cash Flow
PRPL
PRPL
TREX
TREX
Q4 25
$-7.8M
$22.1M
Q3 25
$-1.8M
$142.9M
Q2 25
$-7.0M
$203.0M
Q1 25
$-25.3M
$-233.5M
Q4 24
$5.7M
$-89.3M
Q3 24
$101.0K
$54.5M
Q2 24
$-11.0M
$158.2M
Q1 24
$-19.9M
$-211.8M
FCF Margin
PRPL
PRPL
TREX
TREX
Q4 25
-5.5%
13.7%
Q3 25
-1.5%
50.1%
Q2 25
-6.6%
52.3%
Q1 25
-24.3%
-68.7%
Q4 24
4.4%
-53.3%
Q3 24
0.1%
23.3%
Q2 24
-9.2%
42.0%
Q1 24
-16.5%
-56.7%
Capex Intensity
PRPL
PRPL
TREX
TREX
Q4 25
1.4%
26.9%
Q3 25
0.7%
18.9%
Q2 25
2.8%
12.1%
Q1 25
2.2%
23.4%
Q4 24
0.8%
48.2%
Q3 24
0.9%
33.5%
Q2 24
1.7%
9.4%
Q1 24
2.5%
10.1%
Cash Conversion
PRPL
PRPL
TREX
TREX
Q4 25
28.45×
Q3 25
3.80×
Q2 25
3.29×
Q1 25
-2.55×
Q4 24
-0.87×
Q3 24
3.27×
Q2 24
-330.22×
2.23×
Q1 24
-1.95×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PRPL
PRPL

Cost Of Revenues$81.7M58%
Other$59.0M42%

TREX
TREX

Segment breakdown not available.

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