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CL Workshop vs Trex: revenue, profit, margins and growth compared

CL Workshop brought in $21.5M of revenue in fiscal 2024, Trex $1.2B in fiscal 2025. Revenue changed by -15.4% at CL Workshop and +2.0% at Trex on the year before, so Trex grew faster. CL Workshop kept -40.5% of its revenue as net profit, Trex 16.2%. Free cash flow was $1.6M at CL Workshop and $134.5M at Trex.

Side by side, latest fiscal year

NWGLTREX
Fiscal year endedFY2024 (December 31, 2024)FY2025 (December 31, 2025)
Revenue$21.5M$1.2B
Revenue growth-15.4%+2.0%
Net income-$8.7M$190.4M
Net margin-40.5%16.2%
Free cash flow$1.6M$134.5M
Free cash flow margin7.3%11.5%
Earnings per share (diluted)-$0.07$1.78
Cash$3M$3.8M
Debt$10.4Mn/a
Price to earningsn/a25.2
Market value$41M$4.6B
Dividend yieldn/an/a
Rank by revenue in sector#68 of 77 · Basic materials#40 of 77 · Basic materials

Over the years

Revenue
NWGL FY2021: $47.7MNWGL FY2023: $55.3MNWGL FY2023: $25.5MNWGL FY2024: $21.5MTREX FY2018: $684.3MTREX FY2019: $745.3MTREX FY2020: $880.8MTREX FY2021: $1.2BTREX FY2022: $1.1BTREX FY2023: $1.1BTREX FY2024: $1.2BTREX FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
NWGL $21.5MTREX $1.2B
Net income
NWGL FY2021: $1.3MNWGL FY2023: $4.8MNWGL FY2023: -$11.9MNWGL FY2024: -$8.7MTREX FY2018: $134.6MTREX FY2019: $144.7MTREX FY2020: $175.6MTREX FY2021: $208.7MTREX FY2022: $184.6MTREX FY2023: $204.1MTREX FY2024: $238.4MTREX FY2025: $190.4MFY18FY19FY20FY21FY22FY23FY24FY25
NWGL -$8.7MTREX $190.4M
Net margin
NWGL FY2021: 2.8%NWGL FY2023: 8.6%NWGL FY2023: -46.9%NWGL FY2024: -40.5%TREX FY2018: 19.7%TREX FY2019: 19.4%TREX FY2020: 19.9%TREX FY2021: 17.4%TREX FY2022: 16.7%TREX FY2023: 18.6%TREX FY2024: 20.7%TREX FY2025: 16.2%FY18FY19FY20FY21FY22FY23FY24FY25
NWGL -40.5%TREX 16.2%
Revenue growth
NWGL FY2023: +16.1%NWGL FY2023: -54.0%NWGL FY2024: -15.4%TREX FY2019: +8.9%TREX FY2020: +18.2%TREX FY2021: +35.9%TREX FY2022: -7.6%TREX FY2023: -1.0%TREX FY2024: +5.2%TREX FY2025: +2.0%FY19FY20FY21FY22FY23FY24FY25
NWGL -15.4%TREX +2.0%
Free cash flow
NWGL FY2021: $718.3KNWGL FY2023: $4.7MNWGL FY2023: -$355.6KNWGL FY2024: $1.6MTREX FY2018: $104.3MTREX FY2019: $89.1MTREX FY2020: $14.5MTREX FY2021: $98.7MTREX FY2022: $40MTREX FY2023: $223.3MTREX FY2024: -$88.4MTREX FY2025: $134.5MFY18FY19FY20FY21FY22FY23FY24FY25
NWGL $1.6MTREX $134.5M

Fiscal years as each company reports them; the two may end in different months.

Questions about CL Workshop and Trex

Which is bigger by revenue, CL Workshop or Trex?

Trex is bigger by revenue: $1.2B in fiscal 2025, against $21.5M for CL Workshop in fiscal 2024.

Which keeps more of its revenue as profit, CL Workshop or Trex?

CL Workshop had a net margin of -40.5% in fiscal 2024; Trex had 16.2% in fiscal 2025.

Which grew revenue faster, CL Workshop or Trex?

In their latest fiscal years revenue changed by -15.4% at CL Workshop and +2.0% at Trex.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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