Trex Company [TREX] vs Aaon [AAON] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: Trex Company, Inc. wins in 13 metrics, Aaon Inc. wins in 7 metrics, with 0 ties. Trex Company, Inc. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Trex Company, Inc. Aaon Inc. Better
P/E Ratio (TTM) 23.80 77.26 Trex Company, Inc.
Price-to-Book Ratio 4.33 9.10 Trex Company, Inc.
Debt-to-Equity Ratio 18.11 46.61 Trex Company, Inc.
PEG Ratio -0.31 2.58 Aaon Inc.
EV/EBITDA 14.56 37.29 Trex Company, Inc.
Profit Margin (TTM) 16.22% 7.46% Trex Company, Inc.
Operating Margin (TTM) 2.17% 10.53% Aaon Inc.
EBITDA Margin (TTM) 2.17% 10.53% Aaon Inc.
Return on Equity 19.82% 12.51% Trex Company, Inc.
Return on Assets (TTM) 11.40% 6.45% Trex Company, Inc.
Free Cash Flow (TTM) $124.54M $-204.36M Trex Company, Inc.
Dividend Yield N/A 0.55% N/A
1-Year Return -25.90% 45.60% Aaon Inc.
Price-to-Sales Ratio (TTM) 3.75 5.66 Trex Company, Inc.
Enterprise Value $4.66B $8.46B Aaon Inc.
EV/Revenue Ratio 3.97 5.87 Trex Company, Inc.
Gross Profit Margin (TTM) 30.20% 25.88% Trex Company, Inc.
Revenue per Share (TTM) $11 $18 Aaon Inc.
Earnings per Share (Diluted) $1.78 $1.29 Trex Company, Inc.
Beta (Stock Volatility) 1.61 1.20 Aaon Inc.
Short % of Float 9.53% 10.78% Trex Company, Inc.

Trex Company, Inc. vs Aaon Inc. Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Trex Company, Inc.-2.48%2.89%13.51%2.24%19.34%16.08%
Aaon Inc.3.29%1.69%56.15%37.02%57.59%81.21%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Trex Company, Inc.-25.90%-25.93%-57.19%283.69%1,110.53%1,043.65%
Aaon Inc.45.60%129.65%226.96%659.89%1,393.08%4,267.60%

Performance & Financial Health Analysis: Trex Company, Inc. vs Aaon Inc.

MetricTREXAAON
Market Information
Market Cap i$4.35B$8.15B
Market Cap CategoryMid capMid cap
10 Day Avg. Volume i1,716,979830,986
90 Day Avg. Volume i1,694,256775,599
Last Close$40.56$148.22
52 Week Range$29.77 - $68.78$62.00 - $150.18
% from 52W High-41.03%-1.31%
All-Time High$140.98 (Dec 06, 2021)$150.18 (Jun 03, 2026)
% from All-Time High-71.23%-1.31%
Growth Metrics
Quarterly Revenue Growth-0.04%0.43%
Quarterly Earnings Growth-0.90%0.30%
Financial Health
Profit Margin (TTM) i0.16%0.07%
Operating Margin (TTM) i0.02%0.11%
Return on Equity (TTM) i0.20%0.13%
Debt to Equity (MRQ) i18.1146.61
Cash & Liquidity
Book Value per Share (MRQ)$9.78$10.96
Cash per Share (MRQ)$0.04$0.00
Operating Cash Flow (TTM) i$358.11M$534,000
Levered Free Cash Flow (TTM) i$36.46M$-235,688,880
Dividends
Last 12-Month Dividend Yield iN/A0.55%
Last 12-Month Dividend iN/A$0.50

Valuation & Enterprise Metrics Analysis: Trex Company, Inc. vs Aaon Inc.

MetricTREX (Apr 26, 2026)AAON (Apr 26, 2026)
Price Ratios
P/E Ratio (TTM) i23.8077.26
Forward P/E i23.2533.65
PEG Ratio i-0.312.58
Price to Sales (TTM) i3.755.66
Price to Book (MRQ) i4.339.10
Market Capitalization
Market Capitalization i$4.35B$8.15B
Enterprise Value i$4.66B$8.46B
Enterprise Value Metrics
Enterprise to Revenue i3.975.87
Enterprise to EBITDA i14.5637.29
Risk & Other Metrics
Beta i1.611.20
Book Value per Share (MRQ) i$9.78$10.96

Financial Statements Comparison: Trex Company, Inc. vs Aaon Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricTREX (2025)AAON (2025)
Revenue/Sales i1.17B1.44B
Cost of Goods Sold i714.30M1.06B
COGS % of Revenue i60.8%73.3%
Gross Profit i459.96M385.72M
Gross Margin i39.2%26.7%
Research & Development iN/AN/A
Operating Income (EBIT) i257.96M152.35M
Operating Margin i22.0%10.6%
EBITDA i320.92M231.94M
EBITDA Margin i27.3%16.1%
Pre-Tax Income i257.96M128.75M
Pre-Tax Income % of Revenue i22.0%8.9%
Income Tax i67.55M21.16M
Income Tax % of Revenue i5.8%1.5%
Net Income (Profit) i190.42M107.59M
Profit Margin i16.2%7.5%

Balance Sheet & Liquidity Metrics

MetricTREX (2025)AAON (2025)
Cash & Equivalents i3.81M13,000
Total Current Assets i310.41M869.18M
Total Current Assets % of Revenue i26.4%60.3%
Total Current Liabilities i250.71M330.86M
Total Current Liabilities % of Revenue i21.3%22.9%
Long-Term Debt i41.76M413.85M
Long-Term Debt % of Revenue i3.6%28.7%
Total Shareholders Equity i1.03B894.99M
Retained Earnings i1.79B830.30M
Retained Earnings % of Revenue i152.4%57.6%
Property, Plant & Equipment i52.63M17.99M

Cash Flow Statement Comparison

MetricTREX (2025)AAON (2025)
Operating Cash Flow i345.35M-20.09M
Operating Cash Flow % of Revenue i29.4%-1.4%
Capital Expenditures i358,00040,000
Free Cash Flow i124.54M-204.36M
FCF Margin i10.6%-14.2%
Debt Repayment i-949.65M-672.20M
Common Stock Repurchase i-54.47M-30.00M

Short Interest & Institutional Ownership Analysis

MetricTREXAAON
Shares Short i9.85M7.34M
Short Ratio i5.348.60
Short % of Float i9.53%10.78%
Shares Outstanding i105.74M81.69M
Float Shares i104.94M67.68M
% Held by Insiders i0.94%16.86%
% Held by Institutions i103.70%92.34%
% Held by Public i-4.64%-9.20%

Dividend Analysis & Yield Comparison: Trex Company, Inc. vs Aaon Inc.

MetricTREXAAON
Last 12-Month Dividend iN/A$0.50
Last 12-Month Dividend Yield iN/A0.55%
3-Year Avg Annual Dividend iN/A$0.35
3-Year Avg Dividend Yield iN/A0.11%
3-Year Total Dividends iN/A$1.06
Ex-Dividend DateN/AMar 18, 2026