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Side-by-side financial comparison of Ralliant Corp (RAL) and TREX CO INC (TREX). Click either name above to swap in a different company.
Ralliant Corp is the larger business by last-quarter revenue ($529.1M vs $343.4M, roughly 1.5× TREX CO INC). TREX CO INC runs the higher net margin — 17.9% vs 7.5%, a 10.3% gap on every dollar of revenue. On growth, TREX CO INC posted the faster year-over-year revenue change (1.0% vs -0.5%). Ralliant Corp produced more free cash flow last quarter ($126.6M vs $-143.4M).
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.
RAL vs TREX — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $529.1M | $343.4M |
| Net Profit | $39.9M | $61.4M |
| Gross Margin | 50.8% | 40.5% |
| Operating Margin | 9.8% | 24.3% |
| Net Margin | 7.5% | 17.9% |
| Revenue YoY | -0.5% | 1.0% |
| Net Profit YoY | -56.1% | 1.6% |
| EPS (diluted) | $0.35 | $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 | — | $161.1M | ||
| Q3 25 | $529.1M | $285.3M | ||
| Q2 25 | $503.3M | $387.8M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | — | $167.6M | ||
| Q3 24 | $531.7M | $233.7M | ||
| Q2 24 | $533.7M | $376.5M |
| Q1 26 | — | $61.4M | ||
| Q4 25 | — | $2.3M | ||
| Q3 25 | $39.9M | $51.8M | ||
| Q2 25 | $47.6M | $75.9M | ||
| Q1 25 | — | $60.4M | ||
| Q4 24 | — | $9.8M | ||
| Q3 24 | $90.9M | $40.6M | ||
| Q2 24 | $64.8M | $87.0M |
| Q1 26 | — | 40.5% | ||
| Q4 25 | — | 30.2% | ||
| Q3 25 | 50.8% | 40.5% | ||
| Q2 25 | 49.3% | 40.8% | ||
| Q1 25 | — | 40.5% | ||
| Q4 24 | — | 32.7% | ||
| Q3 24 | 52.6% | 39.9% | ||
| Q2 24 | 51.5% | 44.7% |
| Q1 26 | — | 24.3% | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | 9.8% | 24.7% | ||
| Q2 25 | 11.7% | 26.4% | ||
| Q1 25 | — | 24.0% | ||
| Q4 24 | — | 9.2% | ||
| Q3 24 | 20.9% | 23.2% | ||
| Q2 24 | 19.7% | 31.1% |
| Q1 26 | — | 17.9% | ||
| Q4 25 | — | 1.4% | ||
| Q3 25 | 7.5% | 18.1% | ||
| Q2 25 | 9.5% | 19.6% | ||
| Q1 25 | — | 17.8% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | 17.1% | 17.4% | ||
| Q2 24 | 12.1% | 23.1% |
| Q1 26 | — | $0.58 | ||
| Q4 25 | — | $0.03 | ||
| Q3 25 | $0.35 | $0.48 | ||
| Q2 25 | $0.42 | $0.71 | ||
| Q1 25 | — | $0.56 | ||
| Q4 24 | — | $0.10 | ||
| Q3 24 | $0.81 | $0.37 | ||
| Q2 24 | $0.57 | $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 | $264.2M | $4.5M |
| Total DebtLower is stronger | $1.1B | — |
| Stockholders' EquityBook value | $3.0B | $995.8M |
| Total Assets | $5.3B | $1.7B |
| Debt / EquityLower = less leverage | 0.39× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $4.5M | ||
| Q4 25 | — | $3.8M | ||
| Q3 25 | $264.2M | $11.4M | ||
| Q2 25 | $198.6M | $5.5M | ||
| Q1 25 | — | $5.0M | ||
| Q4 24 | — | $1.3M | ||
| Q3 24 | — | $12.8M | ||
| Q2 24 | — | $1.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $995.8M | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | $3.0B | $1.0B | ||
| Q2 25 | $3.0B | $989.3M | ||
| Q1 25 | — | $910.1M | ||
| Q4 24 | — | $850.1M | ||
| Q3 24 | $4.0B | $887.9M | ||
| Q2 24 | $4.0B | $894.9M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | $5.3B | $1.5B | ||
| Q2 25 | $5.2B | $1.5B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.39× | — | ||
| Q2 25 | 0.38× | — | ||
| 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 | $138.6M | $-118.4M |
| Free Cash FlowOCF − Capex | $126.6M | $-143.4M |
| FCF MarginFCF / Revenue | 23.9% | -41.8% |
| Capex IntensityCapex / Revenue | 2.3% | — |
| Cash ConversionOCF / Net Profit | 3.47× | -1.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $224.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-118.4M | ||
| Q4 25 | — | $65.5M | ||
| Q3 25 | $138.6M | $196.9M | ||
| Q2 25 | — | $249.8M | ||
| Q1 25 | — | $-154.0M | ||
| Q4 24 | — | $-8.5M | ||
| Q3 24 | — | $132.8M | ||
| Q2 24 | — | $193.7M |
| Q1 26 | — | $-143.4M | ||
| Q4 25 | — | $22.1M | ||
| Q3 25 | $126.6M | $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 | — | 13.7% | ||
| Q3 25 | 23.9% | 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 | — | 26.9% | ||
| Q3 25 | 2.3% | 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 | — | 28.45× | ||
| Q3 25 | 3.47× | 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
RAL
| Industrial Manufacturing | $111.1M | 21% |
| Defense And Space | $93.6M | 18% |
| Diversified Electronics | $91.0M | 17% |
| Test And Measurement | $76.8M | 15% |
| Communications | $60.7M | 11% |
| Semiconductors | $51.4M | 10% |
| Other Direct End Markets | $44.4M | 8% |
TREX
Segment breakdown not available.
