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Side-by-side financial comparison of TREX CO INC (TREX) and GeneDx Holdings Corp. (WGS). Click either name above to swap in a different company.

TREX CO INC is the larger business by last-quarter revenue ($343.4M vs $121.0M, roughly 2.8× GeneDx Holdings Corp.). TREX CO INC runs the higher net margin — 17.9% vs -14.6%, a 32.5% gap on every dollar of revenue. On growth, GeneDx Holdings Corp. posted the faster year-over-year revenue change (26.5% vs 1.0%). GeneDx Holdings Corp. produced more free cash flow last quarter ($-7.4M vs $-143.4M). Over the past eight quarters, GeneDx Holdings Corp.'s revenue compounded faster (39.2% CAGR vs -4.5%).

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.

GeneDx is a genetic testing company that was founded in 2000 by two scientists from the National Institutes of Health (NIH), Sherri Bale and John Compton. They started the company to provide clinical diagnostic services for patients and families with rare and ultra-rare disorders, for which no such commercial testing was available at the time. The company started in the Technology Development Center, a biotech incubator supported by the state of Maryland and Montgomery County, MD. In 2006, Bi...

TREX vs WGS — Head-to-Head

Bigger by revenue
TREX
TREX
2.8× larger
TREX
$343.4M
$121.0M
WGS
Growing faster (revenue YoY)
WGS
WGS
+25.5% gap
WGS
26.5%
1.0%
TREX
Higher net margin
TREX
TREX
32.5% more per $
TREX
17.9%
-14.6%
WGS
More free cash flow
WGS
WGS
$135.9M more FCF
WGS
$-7.4M
$-143.4M
TREX
Faster 2-yr revenue CAGR
WGS
WGS
Annualised
WGS
39.2%
-4.5%
TREX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
TREX
TREX
WGS
WGS
Revenue
$343.4M
$121.0M
Net Profit
$61.4M
$-17.7M
Gross Margin
40.5%
69.6%
Operating Margin
24.3%
-11.8%
Net Margin
17.9%
-14.6%
Revenue YoY
1.0%
26.5%
Net Profit YoY
1.6%
-424.9%
EPS (diluted)
$0.58
$-0.59

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
TREX
TREX
WGS
WGS
Q1 26
$343.4M
Q4 25
$161.1M
$121.0M
Q3 25
$285.3M
$116.7M
Q2 25
$387.8M
$102.7M
Q1 25
$340.0M
$87.1M
Q4 24
$167.6M
$95.6M
Q3 24
$233.7M
$76.9M
Q2 24
$376.5M
$70.5M
Net Profit
TREX
TREX
WGS
WGS
Q1 26
$61.4M
Q4 25
$2.3M
$-17.7M
Q3 25
$51.8M
$-7.6M
Q2 25
$75.9M
$10.8M
Q1 25
$60.4M
$-6.5M
Q4 24
$9.8M
$5.4M
Q3 24
$40.6M
$-8.3M
Q2 24
$87.0M
$-29.2M
Gross Margin
TREX
TREX
WGS
WGS
Q1 26
40.5%
Q4 25
30.2%
69.6%
Q3 25
40.5%
72.4%
Q2 25
40.8%
69.0%
Q1 25
40.5%
67.1%
Q4 24
32.7%
69.2%
Q3 24
39.9%
62.2%
Q2 24
44.7%
60.9%
Operating Margin
TREX
TREX
WGS
WGS
Q1 26
24.3%
Q4 25
2.2%
-11.8%
Q3 25
24.7%
-2.8%
Q2 25
26.4%
8.7%
Q1 25
24.0%
-5.2%
Q4 24
9.2%
9.2%
Q3 24
23.2%
-10.1%
Q2 24
31.1%
-15.0%
Net Margin
TREX
TREX
WGS
WGS
Q1 26
17.9%
Q4 25
1.4%
-14.6%
Q3 25
18.1%
-6.5%
Q2 25
19.6%
10.5%
Q1 25
17.8%
-7.5%
Q4 24
5.8%
5.7%
Q3 24
17.4%
-10.8%
Q2 24
23.1%
-41.4%
EPS (diluted)
TREX
TREX
WGS
WGS
Q1 26
$0.58
Q4 25
$0.03
$-0.59
Q3 25
$0.48
$-0.27
Q2 25
$0.71
$0.36
Q1 25
$0.56
$-0.23
Q4 24
$0.10
$0.25
Q3 24
$0.37
$-0.31
Q2 24
$0.80
$-1.10

Balance Sheet & Financial Strength

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

Metric
TREX
TREX
WGS
WGS
Cash + ST InvestmentsLiquidity on hand
$4.5M
$171.3M
Total DebtLower is stronger
$54.5M
Stockholders' EquityBook value
$995.8M
$308.2M
Total Assets
$1.7B
$523.7M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TREX
TREX
WGS
WGS
Q1 26
$4.5M
Q4 25
$3.8M
$171.3M
Q3 25
$11.4M
$155.1M
Q2 25
$5.5M
$134.6M
Q1 25
$5.0M
$159.2M
Q4 24
$1.3M
$141.2M
Q3 24
$12.8M
$116.5M
Q2 24
$1.2M
$106.9M
Total Debt
TREX
TREX
WGS
WGS
Q1 26
Q4 25
$54.5M
Q3 25
$54.8M
Q2 25
$55.1M
Q1 25
$55.5M
Q4 24
$55.8M
Q3 24
$56.1M
Q2 24
$56.3M
Stockholders' Equity
TREX
TREX
WGS
WGS
Q1 26
$995.8M
Q4 25
$1.0B
$308.2M
Q3 25
$1.0B
$292.3M
Q2 25
$989.3M
$277.1M
Q1 25
$910.1M
$257.4M
Q4 24
$850.1M
$245.2M
Q3 24
$887.9M
$204.5M
Q2 24
$894.9M
$194.0M
Total Assets
TREX
TREX
WGS
WGS
Q1 26
$1.7B
Q4 25
$1.5B
$523.7M
Q3 25
$1.5B
$493.9M
Q2 25
$1.5B
$463.9M
Q1 25
$1.6B
$446.4M
Q4 24
$1.3B
$419.4M
Q3 24
$1.3B
$408.8M
Q2 24
$1.3B
$389.1M
Debt / Equity
TREX
TREX
WGS
WGS
Q1 26
Q4 25
0.18×
Q3 25
0.19×
Q2 25
0.20×
Q1 25
0.22×
Q4 24
0.23×
Q3 24
0.27×
Q2 24
0.29×

Cash Flow & Capital Efficiency

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

Metric
TREX
TREX
WGS
WGS
Operating Cash FlowLast quarter
$-118.4M
$-3.1M
Free Cash FlowOCF − Capex
$-143.4M
$-7.4M
FCF MarginFCF / Revenue
-41.8%
-6.1%
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
-1.93×
TTM Free Cash FlowTrailing 4 quarters
$224.6M
$14.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TREX
TREX
WGS
WGS
Q1 26
$-118.4M
Q4 25
$65.5M
$-3.1M
Q3 25
$196.9M
$15.8M
Q2 25
$249.8M
$10.4M
Q1 25
$-154.0M
$10.2M
Q4 24
$-8.5M
$-3.2M
Q3 24
$132.8M
$-4.4M
Q2 24
$193.7M
$-4.5M
Free Cash Flow
TREX
TREX
WGS
WGS
Q1 26
$-143.4M
Q4 25
$22.1M
$-7.4M
Q3 25
$142.9M
$9.6M
Q2 25
$203.0M
$8.1M
Q1 25
$-233.5M
$4.1M
Q4 24
$-89.3M
$-6.2M
Q3 24
$54.5M
$-5.0M
Q2 24
$158.2M
$-5.9M
FCF Margin
TREX
TREX
WGS
WGS
Q1 26
-41.8%
Q4 25
13.7%
-6.1%
Q3 25
50.1%
8.2%
Q2 25
52.3%
7.8%
Q1 25
-68.7%
4.7%
Q4 24
-53.3%
-6.5%
Q3 24
23.3%
-6.6%
Q2 24
42.0%
-8.3%
Capex Intensity
TREX
TREX
WGS
WGS
Q1 26
Q4 25
26.9%
3.6%
Q3 25
18.9%
5.3%
Q2 25
12.1%
2.3%
Q1 25
23.4%
7.0%
Q4 24
48.2%
3.2%
Q3 24
33.5%
0.8%
Q2 24
9.4%
1.9%
Cash Conversion
TREX
TREX
WGS
WGS
Q1 26
-1.93×
Q4 25
28.45×
Q3 25
3.80×
Q2 25
3.29×
0.96×
Q1 25
-2.55×
Q4 24
-0.87×
-0.59×
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

TREX
TREX

Segment breakdown not available.

WGS
WGS

Diagnostic Test Third Party Insurance$101.1M84%
Diagnostic Test Institutional Customers$15.5M13%
Other$3.4M3%

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