Tearsheet

REX American Resources (REX)

Market Price (12/29/2025): $34.21 | Market Cap: $1.1 Bil
Sector: Energy | Industry: Oil & Gas Refining & Marketing

REX American Resources (REX)

Market Price (12/29/2025): $34.21
Market Cap: $1.1 Bil
Sector: Energy
Industry: Oil & Gas Refining & Marketing

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -28%	Weak multi-year price returns 2Y Excs Rtn is -1.7%	Expensive valuation multiples P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 13x
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%		Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.1%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.7%
2	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30%		High stock price volatility Vol 12M is 113%
3	Megatrend and thematic drivers Megatrends include Energy Transition & Decarbonization, and Sustainable Consumption. Themes include Renewable Fuel Production, and Eco-friendly Products.		Key risks REX key risks include [1] significant volatility in the corn-ethanol "crush spread", Show more.

0	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -28%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%
2	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30%
3	Megatrend and thematic drivers Megatrends include Energy Transition & Decarbonization, and Sustainable Consumption. Themes include Renewable Fuel Production, and Eco-friendly Products.
4	Weak multi-year price returns 2Y Excs Rtn is -1.7%
5	Expensive valuation multiples P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 13x
6	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.1%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.7%
7	High stock price volatility Vol 12M is 113%
8	Key risks REX key risks include [1] significant volatility in the corn-ethanol "crush spread", Show more.

Valuation, Metrics & Events

	12/29/25	2024	2023	2022
Share Price CYE	$34.21	$20.84	$23.65	$15.93
Market Cap CYE ($ Bil)	1.1	0.7	0.8	0.6
Total Debt ($ Bil)	0.0	0.0	0.0	0.0
Total Cash ($ Bil)	0.3	0.4	0.4	0.3
Enterprise Value ($ Bil)	0.8	0.7	0.8	0.6
Valuation Ratios
P/S TTM	1.7	2.3	2.0	1.3
P/EBIT TTM	20.2	22.9	24.0	43.6
P/E TTM	22.4	25.3	27.1	40.6
P/FCF TTM	64.2	-206.4	18.3	28.7
Sector Ratios
P/S TTM (Sector)	1.3	1.5	1.5	1.2
P/EBIT TTM (Sector)	7.6	6.7	5.6	3.9
P/E TTM (Sector)	11.3	10.3	8.3	5.2
P/FCF TTM (Sector)	6.6	6.8	7.4	4.8

	12/29/25	2024	2023
Share Price CYE	$34.21	$20.84	$23.65
Market Cap CYE ($ Bil)	1.1	0.7	0.8
Total Debt ($ Bil)	0.0	0.0	0.0
Total Cash ($ Bil)	0.3	0.4	0.4
Enterprise Value ($ Bil)	0.8	0.7	0.8
Valuation Ratios
P/S TTM	1.7	2.3	2.0
P/EBIT TTM	20.2	22.9	24.0
P/E TTM	22.4	25.3	27.1
P/FCF TTM	64.2	-206.4	18.3
Sector Ratios
P/S TTM (Sector)	1.3	1.5	1.5
P/EBIT TTM (Sector)	7.6	6.7	5.6
P/E TTM (Sector)	11.3	10.3	8.3
P/FCF TTM (Sector)	6.6	6.8	7.4

	REX	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	0.7
Rev Chg Q	0.4%	7.3%
Rev Chg LTM	-3.1%	6.1%
Rev Chg 3Y Avg	-8.7%	5.5%
PROFITABILITY	POOR
Op Inc LTM ($ Bil)	0.1
CFO LTM ($ Bil)	0.1
Net Inc LTM ($ Bil)	0.1
Op Mgn LTM	8.6%	18.8%
CFO/Rev LTM	13.7%	20.4%
Net Inc Mgn	7.7%	13.1%
VALUATION	HIGH
P/S	1.7	3.3
P/CFO	12.7	15.8
P/FCF	64.2	20.7
P/E	22.4	23.7
STABILITY	VERY GOOD
Debt/Equity	0.02	0.21
Cash/Assets	0.45	0.07

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Metric	Value	Date	Source
Consolidated Ethanol Sales Volume	70.6 million gallons	7312025	Link
Dried Distillers Grain Sales Volume	148,000 tons	7312025	Link
Corn Oil Sales Volume	23.1 million pounds	7312025	Link
Modified Distillers Grain Sales Volume	19,000 tons	7312025	Link
Effective Ownership of Annual Ethanol Production Volume	approximately 300 million gallons	8272025	Link
Total Annual Ethanol Production Capacity (including minority interests)	approximately 730 million gallons	8272025	Link
Planned Ethanol Production Capacity at One Earth Facility (Post-Expansion)	175 million gallons per year	8272025	Link
Anticipated EPA Class VI Well Permit Approval for Carbon Sequestration Project	March 2026	8272025	Link

Recent
12/04/2025	Earnings Release	Rev: $175 Mil (A) vs. $169 Mil (E) EPS: 0.71 (A) vs. $0.27 (E)
Upcoming
3/24/2026	Earnings Release	Rev: - EPS: -

REX Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Here are the key points for the movement of REX American Resources (REX) stock from August 31, 2025, to December 29, 2025:

1. Strong Fiscal Third Quarter 2025 Earnings Beat. REX American Resources significantly surpassed analyst expectations for its fiscal third quarter 2025, reporting diluted net income per share of $0.71 against a forecast of $0.27. This substantial beat, along with revenue exceeding projections, caused the company's stock to surge by 6.42% in pre-market trading following the December 4, 2025, announcement.

2. Two-for-One Stock Split. The company announced a 2-for-1 stock split on August 27, 2025, which was payable on September 15, 2025, to shareholders of record as of September 8, 2025. Stock splits can make shares more accessible to a wider range of investors and are often perceived as a sign of management's confidence in the company's future performance.

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Stock Movement Drivers

Fundamental Drivers

The 9.8% change in REX stock from 9/28/2025 to 12/28/2025 was primarily driven by a 12.1% change in the company's P/E Multiple.

	9282025	12282025	Change
Stock Price ($)	31.13	34.18	9.80%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	650.01	650.76	0.12%
Net Income Margin (%)	7.91%	7.73%	-2.23%
P/E Multiple	20.00	22.43	12.14%
Shares Outstanding (Mil)	33.01	33.00	0.02%
Cumulative Contribution			9.80%

LTM = Last Twelve Months as of date shown

Market Drivers

9/28/2025 to 12/28/2025

	Return	Correlation
REX	9.8%
Market (SPY)	4.3%	30.5%
Sector (XLE)	-3.9%	42.6%

Fundamental Drivers

The 38.6% change in REX stock from 6/29/2025 to 12/28/2025 was primarily driven by a 52.1% change in the company's P/E Multiple.

	6292025	12282025	Change
Stock Price ($)	24.66	34.18	38.63%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	639.60	650.76	1.74%
Net Income Margin (%)	8.86%	7.73%	-12.74%
P/E Multiple	14.74	22.43	52.11%
Shares Outstanding (Mil)	33.88	33.00	2.59%
Cumulative Contribution			38.54%

LTM = Last Twelve Months as of date shown

Market Drivers

6/29/2025 to 12/28/2025

	Return	Correlation
REX	38.6%
Market (SPY)	12.6%	9.5%
Sector (XLE)	4.5%	4.8%

Fundamental Drivers

The 64.4% change in REX stock from 12/28/2024 to 12/28/2025 was primarily driven by a 107.4% change in the company's P/E Multiple.

	12282024	12282025	Change
Stock Price ($)	20.79	34.18	64.45%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	671.88	650.76	-3.14%
Net Income Margin (%)	10.07%	7.73%	-23.22%
P/E Multiple	10.81	22.43	107.38%
Shares Outstanding (Mil)	35.19	33.00	6.22%
Cumulative Contribution			63.81%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2024 to 12/28/2025

	Return	Correlation
REX	64.4%
Market (SPY)	17.0%	12.5%
Sector (XLE)	7.1%	11.2%

Fundamental Drivers

The 122.0% change in REX stock from 12/29/2022 to 12/28/2025 was primarily driven by a 69.6% change in the company's P/E Multiple.

	12292022	12282025	Change
Stock Price ($)	15.39	34.18	122.02%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	866.85	650.76	-24.93%
Net Income Margin (%)	4.73%	7.73%	63.57%
P/E Multiple	13.22	22.43	69.60%
Shares Outstanding (Mil)	35.18	33.00	6.20%
Cumulative Contribution			121.17%

LTM = Last Twelve Months as of date shown

Market Drivers

12/29/2023 to 12/28/2025

	Return	Correlation
REX	44.5%
Market (SPY)	48.4%	14.2%
Sector (XLE)	11.6%	16.5%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
REX Return	-10%	31%	-0%	48%	-12%	64%	150%
Peers Return	16%	38%	-12%	21%	26%	16%	150%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	114%
Monthly Win Rates [3]
REX Win Rate	42%	58%	50%	67%	33%	75%
Peers Win Rate	52%	65%	42%	68%	57%	52%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
REX Max Drawdown	-55%	0%	-18%	-13%	-16%	-16%
Peers Max Drawdown	-34%	-5%	-26%	-7%	-9%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique Key	Event	REX	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-36.0%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	56.2%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	707 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-55.9%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	126.6%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	236 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-41.4%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	70.6%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	802 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-74.4%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	290.9%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	1,061 days	1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

REX American Resources's stock fell -36.0% during the 2022 Inflation Shock from a high on 3/10/2021. A -36.0% loss requires a 56.2% gain to breakeven.

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About REX American Resources (REX)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, non-food grade corn oil, gasoline, and natural gas. In addition, the company provides dry distillers grains with solubles, which is used as a protein in animal feed. The company was formerly known as REX Stores Corporation and changed its name to REX American Resources Corporation in 2010. REX American Resources Corporation was founded in 1980 and is headquartered in Dayton, Ohio.

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A specialized Archer Daniels Midland (ADM), primarily focused on converting corn into ethanol fuel.

Like a regional Valero or Marathon Petroleum, but for refining corn into ethanol fuel instead of crude oil.

A focused energy producer, similar to a smaller ExxonMobil, but dedicated solely to turning corn into ethanol biofuel.

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Ethanol: REX produces and markets ethanol, a clean-burning renewable fuel primarily used as an oxygenate and octane enhancer in gasoline.
Distillers Grains: A co-product of ethanol production, distillers grains are sold as a high-protein feed ingredient for livestock, particularly cattle.
Corn Oil: REX extracts and sells corn oil, another valuable co-product from its ethanol facilities, used in animal feed, biodiesel production, and various industrial applications.

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REX American Resources (symbol: REX) primarily sells its ethanol and co-products to other companies rather than individuals.

Based on their latest financial filings, a significant portion of their ethanol is sold to major energy companies and commodity trading houses. These major customers include:

Valero Energy Corporation (NYSE: VLO)
Shell Trading (US) Company (part of Shell plc, NYSE: SHEL)
Marathon Petroleum Corporation (NYSE: MPC)
bp Products North America Inc. (part of BP p.l.c., NYSE: BP)
Chevron Products Company (part of Chevron Corporation, NYSE: CVX)

Additionally, REX sells its co-products such as Dried Distillers Grains with Solubles (DDGS), corn oil, and carbon dioxide (CO2) to a variety of industrial customers across the agriculture, food and beverage, and chemical sectors.

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Stuart A. Rose, Executive Chairman of the Board & Head of Corporate Development

Stuart A. Rose is the founder and Executive Chairman of REX American Resources Corporation. He founded Rex Radio and Television, Inc. in 1980, which acquired four consumer electronic stores called Niederhoffer and Co.. Rose gained experience in "valuing business and buying and selling businesses" during this time, and the company he acquired became Rex American Resources in 1980.

Zafar Rizvi, Chief Executive Officer

Zafar Rizvi has served as the President, Chief Executive Officer, and a Director of REX American Resources Corp. since his appointment as CEO in June 2010. He also holds board member positions at NUGEN ENERGY LLC and One Earth Energy LLC.

Douglas L. Bruggeman, Vice President-Finance, Chief Financial Officer and Treasurer

Douglas L. Bruggeman was elected Chief Financial Officer of REX American Resources in 2003. He has served as Vice President-Finance and Treasurer since 1989. Prior to that, he was the Manager of Corporate Accounting from 1987 to 1989, and before joining the company in 1986, he was employed with the accounting firm Ernst & Young.

Edward M. Kress, Secretary & Director

Edward M. Kress holds the position of Secretary and is also a Director of REX American Resources Corp..

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The key risks to REX American Resources (symbol: REX) primarily stem from its core business in ethanol production and the broader energy market. The three most significant risks include:

Commodity Price Volatility: REX American Resources' profitability is highly susceptible to the volatile prices of commodities, particularly corn (its primary raw material), ethanol (its main product), natural gas (an energy input), and by-products such as distillers grains and distillers corn oil. Fluctuations in the "crush spread," which is the difference between ethanol and corn prices, can significantly impact the company's operating results.
Regulatory and Policy Risks: The company's operations are heavily influenced by federal policies and regulatory changes. Shifts in renewable fuel standards, environmental regulations, and policies related to carbon emissions can lead to increased compliance costs, operational disruptions, and affect the company's business model.
Market Dynamics and Competition: REX American Resources operates in the dynamic and highly competitive ethanol and alternative energy markets. Intense competition and thin margins are persistent challenges. The company must continuously adapt to changes in market conditions, including shifts in supply and demand, to maintain its competitive edge. The entry or expansion of competitors could also erode REX's market share.

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The accelerating global shift from internal combustion engine (ICE) vehicles to electric vehicles (EVs) poses a clear emerging threat. As EV adoption increases and automotive manufacturers commit to phasing out gasoline-powered vehicle production, the long-term demand for gasoline, and consequently for ethanol blended into gasoline, is expected to decline significantly.

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REX American Resources (symbol: REX) primarily operates in the production of ethanol and its co-products, including distillers grains and distillers corn oil. The company is also involved in a carbon sequestration project to produce low-carbon ethanol. Here are the addressable market sizes for its main products:

Ethanol: The U.S. ethanol market is estimated to be valued at approximately $32.76 billion in 2025. This market is projected to grow to $60.66 billion by 2032, demonstrating a compound annual growth rate (CAGR) of 9.20% from 2025 to 2032. Another estimate indicates the U.S. ethanol market size was approximately $34.16 billion in 2023 and is predicted to reach around $61.57 billion by 2034, growing at a CAGR of 5.5% from 2024 to 2034. The North American fuel ethanol market had a market size of $35.41 billion in 2024, with the U.S. accounting for a significant share of $27.94 billion in the same year.
Distillers Grains (e.g., Dried Distillers Grains with Solubles - DDGS): The global market size for Distillers Dried Grains with Solubles (DDGS) is estimated at $17.15 billion in 2024 and is expected to grow at a CAGR of 7.60% from 2024 to 2031. North America represents a substantial portion of this market, with an estimated market size of $6.86 billion in 2024, projected to grow at a CAGR of 5.8% from 2024 to 2031. Another source indicates the North America DDGS market accounted for $4.53 billion in 2022.

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Here are the expected drivers of future revenue growth for REX American Resources (REX) over the next 2-3 years:

Ethanol Production Capacity Expansion: REX American Resources is undertaking an expansion project at its One Earth facility, which is anticipated to increase its annual ethanol production capacity to 175 million gallons by February 2026. This direct increase in production capacity is expected to drive higher sales volumes and, consequently, increased revenue.
Growth in Ethanol Sales Volumes and Exports: The company has demonstrated a trend of increasing ethanol sales volumes, with Q2 2025 volumes reaching 70.6 million gallons, up from 65.1 million gallons in Q2 2024. A positive outlook for the remainder of 2025 is supported by rising ethanol exports, with expectations for 2025 to set a new export record. This growth in market demand and international sales will contribute to higher revenue.
Revenue from Carbon Capture and Sequestration (CCS) Initiatives: REX American Resources is investing in carbon capture and sequestration projects at its One Earth Energy facility, with completion of permitting expected by March 2026. The continuation and extension of legislative support through tax credits like 45Q and 45Z provide substantial financial incentives for these projects. These initiatives are expected to create new revenue streams, either directly through the sale of carbon credits or indirectly by positioning REX's ethanol as a lower-carbon fuel, potentially commanding a premium.
Favorable Agricultural Conditions and Input Pricing: Improved corn input prices and a projected bumper corn crop are expected to support the company's operations. While primarily impacting profitability, stable and lower raw material costs enable REX to maintain or increase production volumes more efficiently, potentially leading to more competitive pricing and sustained or increased revenue generation.

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Share Repurchases

In the first quarter of fiscal year 2025, REX American Resources repurchased approximately 822,000 shares for a total consideration of $32.7 million.
This activity brought the cumulative buyback to approximately 6.8% of outstanding shares since reinitiating purchases in December 2024.
Following a 2-for-1 stock split effective September 8, 2025, the number of shares authorized for repurchase was increased to 2,357,186 shares.

Share Issuance

A 2-for-1 stock split was declared by the Board of Directors, to be effected as a 100% stock dividend, payable on September 15, 2025, to shareholders of record as of September 8, 2025.
As a result of this stock split, REX American Resources' outstanding shares of Common Stock increased from 16,528,787 to 33,057,574 shares.

Outbound Investments

REX American Resources continues to evaluate potential acquisition opportunities that meet its operational and financial criteria.
The company has interests in six ethanol production facilities, with One Earth Energy, LLC and NuGen Energy, LLC being consolidated subsidiaries.

Capital Expenditures

As of the end of the second quarter of fiscal year 2025, capital expenditures related to the One Earth carbon capture and sequestration project and the related expansion of ethanol production capacity totaled approximately $126.7 million.
The combined budget for these projects is $220-$230 million, funded from available cash, with completion anticipated in 2026.
The primary focus of these capital expenditures is the expansion of ethanol production capacity at the One Earth facility and the carbon capture and sequestration project.

Better Bets than REX American Resources (REX)

INDUSTRY: Oil & Gas Refining & Marketing

Higher Rev Chg 3Y Avg | Lower P/S (Values for REX: -8.7% | 1.7x)

PSX (-6.6% | 0.4x)

Phillips 66

MPC (-8.3% | 0.4x)

Marathon Petroleum

DINO (-8.2% | 0.3x)

HF Sinclair

PBF (-7.1% | 0.1x)

PBF Energy

PARR (3.8% | 0.2x)

Par Pacific

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for REX: -8.7% | 20.2x)

MPC (-8.3% | 10.5x)

Marathon Petroleum

DINO (-8.2% | 12.0x)

HF Sinclair

PARR (3.8% | 4.7x)

Par Pacific

Higher Rev Chg LTM (Value for REX: -3.1%)

CLNE (2.0%)

Clean Energy Fuels

Higher Rev Chg 3Y Avg (Value for REX: -8.7%)

PARR (3.8%)

Par Pacific

PSX (-6.6%)

Phillips 66

PBF (-7.1%)

PBF Energy

DINO (-8.2%)

HF Sinclair

MPC (-8.3%)

Marathon Petroleum

Higher CFO/Rev LTM (Value for REX: 13.7%)

CLNE (22.4%)

Clean Energy Fuels

Higher FCF/Rev LTM (Value for REX: 2.7%)

CLNE (7.1%)

Clean Energy Fuels

VLO (3.2%)

Valero Energy

MPC (3.2%)

Marathon Petroleum

Higher Total Yield (Value for REX: 4.5%)

DINO (9.0%)

HF Sinclair

MPC (8.1%)

Marathon Petroleum

PSX (6.6%)

Phillips 66

CVI (6.3%)

CVR Energy

VLO (5.7%)

Valero Energy

SECTOR: Energy

Higher Rev Chg 3Y Avg | Lower P/S (Values for REX: -8.7% | 1.7x)

XOM (-5.6% | 1.6x)

Exxon Mobil

CVX (-6.2% | 1.6x)

Chevron

ENB (8.6% | 1.6x)

Enbridge

CNQ (-2.4% | 1.5x)

Canadian Natural Resources

SU (-3.4% | 1.0x)

Suncor Energy

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for REX: -8.7% | 20.2x)

XOM (-5.6% | 14.3x)

Exxon Mobil

CVX (-6.2% | 19.3x)

Chevron

COP (-6.6% | 9.1x)

ConocoPhillips

ENB (8.6% | 9.3x)

Enbridge

WMB (0.8% | 18.5x)

Williams Companies

Higher Rev Chg LTM (Value for REX: -3.1%)

ENB (32.3%)

Enbridge

WMB (9.0%)

Williams Companies

KMI (8.3%)

Kinder Morgan

CNQ (8.3%)

Canadian Natural Resources

COP (8.2%)

ConocoPhillips

Higher Rev Chg 3Y Avg (Value for REX: -8.7%)

ENB (8.6%)

Enbridge

WMB (0.8%)

Williams Companies

XOM (-5.6%)

Exxon Mobil

CVX (-6.2%)

Chevron

COP (-6.6%)

ConocoPhillips

Higher Op Mgn LTM (Value for REX: 8.6%)

WMB (34.3%)

Williams Companies

COP (21.0%)

ConocoPhillips

CNQ (20.3%)

Canadian Natural Resources

ENB (17.4%)

Enbridge

XOM (11.0%)

Exxon Mobil

Higher CFO/Rev LTM (Value for REX: 13.7%)

WMB (48.2%)

Williams Companies

COP (33.3%)

ConocoPhillips

ENB (20.0%)

Enbridge

CVX (17.0%)

Chevron

XOM (15.9%)

Exxon Mobil

Higher FCF/Rev LTM (Value for REX: 2.7%)

WMB (15.0%)

Williams Companies

COP (11.9%)

ConocoPhillips

CVX (8.2%)

Chevron

XOM (7.3%)

Exxon Mobil

ENB (6.3%)

Enbridge

Higher Total Yield (Value for REX: 4.5%)

ENB (13.7%)

Enbridge

COP (11.1%)

ConocoPhillips

XOM (9.2%)

Exxon Mobil

CVX (8.6%)

Chevron

WMB (6.6%)

Williams Companies

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for REX: -8.7% | 1.7x)

WMT (5.4% | 1.3x)

Walmart

COST (6.7% | 1.4x)

Costco Wholesale

UNH (11.4% | 0.7x)

UnitedHealth

T (1.1% | 1.4x)

AT&T

VZ (0.5% | 1.2x)

Verizon Communications

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for REX: -8.7% | 20.2x)

V (10.9% | 17.3x)

Visa

HD (1.9% | 16.1x)

Home Depot

PG (1.8% | 16.5x)

Procter & Gamble

KO (4.0% | 20.2x)

Coca-Cola

UNH (11.4% | 11.4x)

UnitedHealth

Higher Rev Chg LTM (Value for REX: -3.1%)

NVDA (65.2%)

NVIDIA

MSFT (15.6%)

Microsoft

GOOGL (13.4%)

Alphabet

AMZN (10.9%)

Amazon.com

AAPL (6.0%)

Apple

Higher Rev Chg 3Y Avg (Value for REX: -8.7%)

NVDA (91.6%)

NVIDIA

MSFT (13.2%)

Microsoft

AMZN (11.3%)

Amazon.com

GOOGL (11.0%)

Alphabet

AAPL (1.8%)

Apple

Higher Op Mgn LTM (Value for REX: 8.6%)

NVDA (58.8%)

NVIDIA

MSFT (46.3%)

Microsoft

GOOGL (32.2%)

Alphabet

AAPL (31.9%)

Apple

AMZN (11.4%)

Amazon.com

Higher CFO/Rev LTM (Value for REX: 13.7%)

MSFT (50.0%)

Microsoft

NVDA (44.4%)

NVIDIA

GOOGL (39.3%)

Alphabet

AAPL (26.6%)

Apple

AMZN (18.1%)

Amazon.com

Higher FCF/Rev LTM (Value for REX: 2.7%)

NVDA (41.3%)

NVIDIA

MSFT (26.6%)

Microsoft

META (23.7%)

Meta Platforms

AAPL (23.5%)

Apple

GOOGL (19.1%)

Alphabet

Higher Total Yield (Value for REX: 4.5%)

JNJ (7.5%)

Johnson & Johnson

BAC (7.1%)

Bank of America

JPM (6.4%)

JPMorgan Chase

BRK-B (6.3%)

Berkshire Hathaway

V (5.1%)

Visa

		Best Bets In Energy Sector
	REX	TPL	AM	MGY	INSW	DTM	CTRA	WHD	EQT	WMB	EOG
What You Pay
P/E	22.4	41.6	17.9	11.7	11.0	30.4	12.0	18.3	18.9	30.7	10.1
P/EBIT	20.2	33.9	10.1	8.7	9.4	17.0	8.8	12.3	10.8	15.7	7.7
What You Get
Rev Chg Q	0.4%	17.0%	8.7%	-2.5%	-12.8%	26.6%	33.7%	-10.0%	49.8%	10.2%	-2.3%
Rev Chg LTM	-3.1%	12.5%	8.7%	0.7%	-23.6%	20.4%	25.1%	-3.8%	64.8%	9.0%	-5.0%
Rev Chg 3Y Avg	-8.7%	5.7%	9.0%	-6.6%	16.7%	9.6%	-5.3%	22.9%	-2.8%	0.8%	-7.6%
FCF/Rev 3Y Avg	3.8%	47.9%	46.6%	33.7%	29.6%	25.8%	24.8%	23.5%	23.5%	22.5%	22.1%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 5.4%, alpha of -0.1%, and sharpe of 0.25

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	REX American Resources Earnings Notes
2	REX American Resources Stock Jump Looks Great, But How Secure Is That Gain?	Return
3	Why REX American Resources Stock Moved: REX Stock Has Gained 113% Since 2022 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
4	REX Dip Buy Analysis
5	Now Is Not The Time To Buy REX American Resources Stock	Buy or Fear
6	REX American Resources (REX) Valuation Ratios Comparison	Financials
7	REX American Resources Total Shareholder Return (TSR): 0.8% in 2025 and 9.1% 3-yr compounded annual returns (above peer average)
8	REX American Resources (REX) Operating Cash Flow Comparison	Financials
9	REX American Resources (REX) Net Income Comparison	Financials
10	REX American Resources (REX) Operating Income Comparison	Financials

	Title
0	ARTICLES

Trade Ideas

Select ideas related to REX. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
WHD_11212025_Dip_Buyer_ValueBuy	11212025	WHD	Cactus	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	12.1%	12.1%	0.0%
OVV_10172025_Dip_Buyer_FCFYield	10172025	OVV	Ovintiv	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	6.4%	6.4%	0.0%
COP_10102025_Dip_Buyer_FCFYield	10102025	COP	ConocoPhillips	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.4%	5.4%	-2.3%
HAL_10102025_Dip_Buyer_FCFYield	10102025	HAL	Halliburton	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	28.1%	28.1%	-0.7%
OXY_10102025_Dip_Buyer_FCFYield	10102025	OXY	Occidental Petroleum	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-4.9%	-4.9%	-7.1%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ZETA	Zeta Global	4.6	8.3%	15.1%
SGML	Sigma Lithium	1.6	7.3%	29.2%
USAS	Americas Gold And Silver	1.6	6.6%	557.6%
CPNG	Coupang	44.2	6.4%	10.4%
LION	Lionsgate Studios	2.7	4.6%	-69.9%
BBW	Build-A-Bear Workshop	0.8	4.4%	37.8%
XRAY	Dentsply Sirona	2.3	4.2%	-36.3%
BLMN	Bloomin Brands	0.6	3.8%	-41.2%
FUN	Six Flags Entertainment	1.5	3.8%	-69.1%
SVM	Silvercorp Metals	1.9	3.6%	198.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FLY	Firefly Aerospace	3.3	-13.7%	-61.3%
TMC	TMC The Metals	2.5	-10.5%	508.9%
ORGO	Organogenesis	0.7	-10.1%	64.8%
AAOI	Applied Optoelectronics	2.4	-9.3%	0.8%
BKSY	BlackSky Technology	0.7	-9.0%	79.0%
LUNR	Intuitive Machines	1.8	-8.7%	-16.0%
RCAT	Red Cat	0.8	-8.7%	-35.4%
RGTI	Rigetti Computing	6.7	-8.7%	46.7%
RDW	Redwire	1.0	-8.6%	-56.6%
RKLB	Rocket Lab	36.4	-8.5%	177.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	71.5%	59.0%
RZLT	Rezolute	0.3	44.3%	-45.5%
DVAX	Dynavax Technologies	1.8	41.5%	20.4%
LUNR	Intuitive Machines	1.8	40.6%	-16.0%
UAMY	United States Antimony	0.7	39.0%	252.5%
FOLD	Amicus Therapeutics	4.4	30.9%	51.3%
ADEA	Adeia	1.9	30.3%	23.0%
HUT	Hut 8	5.2	28.6%	142.3%
AAOI	Applied Optoelectronics	2.4	27.1%	0.8%
SGML	Sigma Lithium	1.6	24.9%	29.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TPL	Texas Pacific Land	6.6	-67.9%	-21.5%
LW	Lamb Weston	5.9	-29.0%	-35.3%
TLRY	Tilray Brands	10.2	-22.2%	-27.8%
TDUP	ThredUp	0.8	-18.2%	348.2%
LAB	Standard BioTools	0.5	-16.9%	-21.1%
OLMA	Olema Pharmaceuticals	2.2	-14.9%	349.9%
EVEX	Eve	1.4	-12.0%	-21.9%
IRON	Disc Medicine	2.8	-11.2%	26.7%
AVO	Mission Produce	0.8	-11.1%	-18.8%
CABO	Cable One	0.7	-10.6%	-67.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TLRY	Tilray Brands	10.2	876.4%	-27.8%
HPP	Hudson Pacific Properties	4.7	452.7%	-51.0%
WVE	WAVE Life Sciences	2.9	139.2%	43.7%
TE	T1 Energy	1.1	106.7%	400.0%
VERA	Vera Therapeutics	3.4	82.1%	26.7%
OMER	Omeros	0.9	66.2%	59.0%
RKLB	Rocket Lab	36.4	65.8%	177.4%
PL	Planet Labs PBC	5.9	65.0%	379.2%
AAOI	Applied Optoelectronics	2.4	63.5%	0.8%
LUNR	Intuitive Machines	1.8	62.4%	-16.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-45.5%
JANX	Janux Therapeutics	0.9	-59.0%	-73.4%
FRMI	Fermi	5.3	-46.0%	-76.6%
LENZ	LENZ Therapeutics	0.5	-43.5%	-41.6%
GOGO	Gogo	0.6	-35.3%	-43.0%
HPK	HighPeak Energy	0.5	-33.9%	-70.4%
PACB	Pacific Biosciences of California	0.5	-32.7%	-3.3%
LDI	loanDepot	0.4	-29.6%	3.9%
ORIC	ORIC Pharmaceuticals	0.6	-29.0%	2.2%
LW	Lamb Weston	5.9	-28.6%	-35.3%

Peer Comparisons for REX American Resources

Peers to compare with:

Financials

	REX	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	REX Amer.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Price	34.18	23.26	24.49	305.09	78.16	273.40	56.17
Mkt Cap	1.1	21.9	32.6	284.9	309.2	4,074.4	158.8
Rev LTM	651	55,295	34,296	65,402	57,696	408,625	56,496
Op Inc LTM	56	3,624	1,644	11,544	12,991	130,214	7,584
FCF LTM	18	2,800	627	11,854	12,733	96,184	7,327
FCF 3Y Avg	28	2,978	1,400	11,753	13,879	100,503	7,366
CFO LTM	89	3,697	2,919	13,483	13,744	108,565	8,590
CFO 3Y Avg	86	3,672	3,896	13,498	14,736	111,559	8,697

Growth & Margins

	REX	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	REX Amer.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Rev Chg LTM	-3.1%	3.2%	13.8%	4.5%	8.9%	6.0%	5.2%
Rev Chg 3Y Avg	-8.7%	-3.9%	6.5%	2.6%	3.7%	1.8%	2.2%
Rev Chg Q	0.4%	4.2%	14.4%	9.1%	7.5%	9.6%	8.3%
QoQ Delta Rev Chg LTM	0.1%	1.1%	3.7%	2.1%	1.8%	2.1%	2.0%
Op Mgn LTM	8.6%	6.6%	4.8%	17.7%	22.5%	31.9%	13.1%
Op Mgn 3Y Avg	8.8%	7.4%	7.2%	16.4%	24.2%	30.8%	12.6%
QoQ Delta Op Mgn LTM	-0.5%	-0.2%	-1.4%	0.6%	0.4%	0.1%	-0.1%
CFO/Rev LTM	13.7%	6.7%	8.5%	20.6%	23.8%	26.6%	17.2%
CFO/Rev 3Y Avg	12.2%	6.8%	12.7%	21.4%	26.1%	28.4%	17.1%
FCF/Rev LTM	2.7%	5.1%	1.8%	18.1%	22.1%	23.5%	11.6%
FCF/Rev 3Y Avg	3.8%	5.5%	4.6%	18.6%	24.6%	25.6%	12.1%

Valuation

	REX	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	REX Amer.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Cap	1.1	21.9	32.6	284.9	309.2	4,074.4	158.8
P/S	1.7	0.4	1.0	4.4	5.4	10.0	3.0
P/EBIT	20.2	6.8	19.9	25.1	22.5	31.3	21.3
P/E	22.4	8.6	572.7	36.0	29.9	41.0	33.0
P/CFO	12.7	5.9	11.2	21.1	22.5	37.5	16.9
Total Yield	4.5%	14.1%	2.3%	5.0%	5.4%	2.8%	4.7%
Dividend Yield	0.0%	2.5%	2.1%	2.2%	2.1%	0.4%	2.1%
FCF Yield 3Y Avg	2.0%	10.6%	5.5%	6.4%	6.0%	3.1%	5.7%
D/E	0.0	0.5	0.7	0.2	0.1	0.0	0.2
Net D/E	-0.3	0.3	0.6	0.2	0.0	0.0	0.1

Returns

	REX	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	REX Amer.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
1M Rtn	3.6%	-3.6%	12.7%	-1.1%	1.6%	-2.0%	0.2%
3M Rtn	9.8%	-11.9%	2.7%	7.9%	17.0%	7.1%	7.5%
6M Rtn	38.6%	-4.0%	34.5%	6.6%	15.2%	36.3%	24.9%
12M Rtn	64.4%	-27.0%	16.2%	40.5%	34.5%	7.5%	25.3%
3Y Rtn	122.0%	-3.7%	67.3%	141.3%	79.6%	114.1%	96.9%
1M Excs Rtn	2.1%	-5.6%	12.9%	-2.2%	-0.0%	-3.7%	-1.1%
3M Excs Rtn	5.5%	-16.2%	-1.7%	3.6%	12.7%	2.8%	3.2%
6M Excs Rtn	26.4%	-16.3%	22.3%	-5.7%	3.0%	24.0%	12.6%
12M Excs Rtn	50.0%	-42.9%	-0.7%	25.0%	19.9%	-8.4%	9.6%
3Y Excs Rtn	48.0%	-83.5%	-11.2%	59.6%	-1.2%	28.4%	13.6%

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 1/31	LTM	2025	2024	2023	2022	2021	2020
Period End	10/31/2025	1/31/2025	1/31/2024	1/31/2023	1/31/2022	1/31/2021	1/31/2020
Filing Date	12/4/2025	3/28/2025	3/29/2024	3/30/2023	4/6/2022	4/12/2021	4/1/2020
Key Financials
Total Revenue	651	642	833	855	775	373	418
EBITDA	78	86	92	49	93	25	27
Operating Income	56	64	69	26	69	2	1
Net Income	50	58	61	28	52	3	7
EPS	1.50	1.65	1.75	0.79	1.46	0.08	0.20
Growth Rates
Total Revenue Growth	-3.1%	-22.9%	-2.5%	10.4%	107.9%	-10.8%	-14.2%
EBITDA Growth	-21.1%	-6.3%	87.2%	-47.0%	265.3%	-7.4%	-20.6%
Operating Income Growth	-26.5%	-6.6%	167.1%	-62.7%	3547.5%	117.7%	-91.0%
Net Income Growth	-25.6%	-4.5%	120.0%	-47.1%	1644.9%	-59.6%	-76.5%
Margins
EBITDA Margin	11.9%	13.4%	11.0%	5.7%	12.0%	6.8%	6.6%
Operating Income Margin	8.6%	10.0%	8.3%	3.0%	8.9%	0.5%	0.2%
Net Income Margin	7.7%	9.1%	7.3%	3.2%	6.8%	0.8%	1.8%
Cash & Debt
Total Cash	336	359	379	281	256	181	206
Total Debt	23	21	13	15	11	12	16
Net Debt / (Cash)	-313	-338	-366	-266	-245	-168	-190
Cash Flows
Net Cash from Operations	89	64	128	55	92	9	10
Free Cash from Operations	18	-7	90	39	87	-2	7
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	48	15	-0	13	7	20	-0

$ Mil \| FY: 1/31	2026Q3	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4
Period End	10/31/2025	7/31/2025	4/30/2025	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023
Filing Date	12/4/2025	9/2/2025	6/4/2025	3/28/2025	12/5/2024	8/30/2024	5/30/2024	3/29/2024	12/4/2023	9/1/2023	5/26/2023	3/30/2023
Key Financials Quarterly
Total Revenue	176	159	158	158	175	148	161	188	221	212	213	200
Ebitda	34	14	13	16	36	19	14	29	37	16	10	14
Operating Income	28	8	8	11	31	13	8	23	32	10	4	8
Net Income	23	7	9	11	24	12	10	21	26	9	5	8
EPS	0.71	0.21	0.26	0.32	0.70	0.35	0.29	0.58	0.74	0.26	0.15	0.23
Key Financials TTM
Total Revenue TTM	651	650	640	642	672	718	782	833	846	845	873	855
Ebitda TTM	78	80	85	86	98	100	96	92	77	49	47	49
Operating Income TTM	56	59	64	64	76	76	73	69	54	26	23	26
Net Income TTM	50	51	57	58	68	69	66	61	49	26	28	28
Growth Rates Quarterly
Total Revenue Growth	0.4%	7.0%	-1.8%	-15.7%	-20.9%	-30.1%	-24.2%	-6.3%	0.4%	-11.8%	9.5%	-5.6%
EBITDA Growth	-5.4%	-28.6%	-5.7%	-43.0%	-3.6%	24.7%	40.2%	108.5%	303.0%	16.5%	-19.4%	-64.1%
Operating Income Growth	-10.7%	-39.1%	0.7%	-50.5%	-1.3%	37.0%	89.7%	181.5%	818.3%	30.9%	-34.5%	-75.0%
Net Income Growth	-4.4%	-42.6%	-14.8%	-46.0%	-6.0%	36.7%	94.6%	152.0%	719.0%	-18.9%	1.0%	-61.9%
Margins Quarterly
EBITDA Margin	19.3%	8.7%	8.5%	10.4%	20.5%	13.1%	8.8%	15.4%	16.8%	7.3%	4.8%	6.9%
Operating Income Margin	15.9%	5.1%	5.3%	7.2%	17.9%	9.0%	5.2%	12.3%	14.3%	4.6%	2.1%	4.1%
Net Income Margin	13.3%	4.5%	5.5%	7.0%	14.0%	8.4%	6.3%	11.0%	11.8%	4.3%	2.5%	4.1%
Cash & Debt
Total Cash	336	310	316	359	365	346	352	379	332	284	266	281
Total Debt	23	25	26	21	23	13	11	13	14	13	14	15
Net Debt / (Cash)	-313	-286	-290	-338	-342	-333	-340	-366	-318	-272	-252	-266
Cash Flows Quarterly
FCF from Operations	51	16	-3	25	33	8	-2	63	59	21	-14	1
Cash Flows TTM
FCF from Operations TTM	89	71	63	64	102	127	140	128	66	61	58	55
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	1	33	15	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-	-	-	-	-	-	-	-	-	-	-	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	-	-	-	-	-	-	-	-	-	-	-	-

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Ethanol	635	650	614	284
Dried distillers grains	139	139	125	72
Distillers corn oil	53	56	39	15
Modified distillers grains	6	12	9	3
Other	0	0	0	0
Derivative financial instruments gains	-0	-1	-12	-1
Ethanol and by-products					418
Refined coal					0
Total	833	855	775	373	418

Price Behavior

Price Behavior

Market Price	$34.18
Market Cap ($ Bil)	1.1
First Trading Date	11/05/1987
Distance from 52W High	-44.6%
	50 Days	200 Days
DMA Price	$32.78	$27.55
DMA Trend	up	down
Distance from DMA	4.3%	24.1%
	3M	1YR
Volatility	29.6%	114.1%
Downside Capture	76.71	130.24
Upside Capture	106.08	159.65
Correlation (SPY)	30.6%	12.6%

REX Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.23	0.88	1.57	1.28	0.75	0.90
Up Beta	0.49	0.69	-4.19	-1.50	0.46	0.62
Down Beta	1.93	0.41	-2.36	-0.65	0.19	0.78
Up Capture	154%	133%	635%	475%	217%	165%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	11	25	35	77	134	386
Down Capture	118%	99%	399%	236%	117%	102%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	9	17	28	49	112	359

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of REX With Other Asset Classes (Last 1Y)
	REX	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	70.7%	8.6%	17.8%	72.1%	8.6%	4.4%	-8.2%
Annualized Volatility	113.0%	24.4%	19.4%	19.3%	15.2%	17.0%	35.0%
Sharpe Ratio	0.90	0.29	0.72	2.70	0.34	0.09	-0.08
Correlation With Other Assets		11.2%	12.5%	2.0%	8.1%	7.8%	5.2%

ETFs used for asset classes: Sector ETF = XLE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of REX With Other Asset Classes (Last 5Y)
	REX	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	19.7%	21.8%	14.7%	18.7%	11.5%	4.6%	30.8%
Annualized Volatility	67.9%	26.7%	17.1%	15.5%	18.7%	18.9%	48.6%
Sharpe Ratio	0.52	0.75	0.70	0.97	0.50	0.16	0.57
Correlation With Other Assets		30.3%	22.6%	8.1%	19.4%	16.9%	13.1%

Based On 10-Year Data

		Comparison of REX With Other Asset Classes (Last 10Y)
	REX	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	14.8%	8.2%	14.8%	15.3%	7.0%	5.3%	69.2%
Annualized Volatility	58.3%	29.8%	18.0%	14.7%	17.6%	20.8%	55.8%
Sharpe Ratio	0.46	0.33	0.71	0.86	0.32	0.22	0.90
Correlation With Other Assets		42.7%	34.2%	5.9%	25.3%	28.0%	13.5%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	729,338
Short Interest: % Change Since 11302025	4.0%
Average Daily Volume	242,724
Days-to-Cover Short Interest	3
Basic Shares Quantity	33,002,000
Short % of Basic Shares	2.2%

Returns Analyses

	Title
0	REX American Resources Stock Jump Looks Great, But How Secure Is That Gain?

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
12/4/2025	4.7%	-0.6%
8/27/2025	-0.2%	1.2%	0.9%
3/26/2025	5.5%	4.9%	10.4%
12/3/2024	-3.5%	-5.8%	-1.7%
8/27/2024	-5.6%	-10.1%	-3.9%
3/28/2024	33.7%	32.1%	29.9%
11/30/2023	32.9%	13.1%	28.2%
8/30/2023	-6.1%	-7.3%	-1.5%
...
SUMMARY STATS
# Positive	9	6	7
# Negative	9	12	11
Median Positive	8.7%	10.4%	10.4%
Median Negative	-5.6%	-6.4%	-5.8%
Max Positive	33.7%	32.1%	29.9%
Max Negative	-18.2%	-18.5%	-18.2%

	Forward Returns
12/4/2025	4.7%	-0.6%
8/27/2025	-0.2%	1.2%	0.9%
3/26/2025	5.5%	4.9%	10.4%
12/3/2024	-3.5%	-5.8%	-1.7%
8/27/2024	-5.6%	-10.1%	-3.9%
3/28/2024	33.7%	32.1%	29.9%
11/30/2023	32.9%	13.1%	28.2%
8/30/2023	-6.1%	-7.3%	-1.5%
3/23/2023	-6.3%	-5.3%	-5.7%
12/1/2022	18.1%	-3.1%	8.0%
8/30/2022	-14.5%	-16.0%	-13.2%
3/23/2022	-1.5%	-6.4%	-14.7%
12/1/2021	8.7%	11.4%	6.5%
9/1/2021	0.8%	-5.4%	-5.8%
3/25/2021	-3.4%	-6.3%	-12.1%
12/3/2020	6.0%	9.5%	-5.9%
8/26/2020	-18.2%	-18.5%	-18.2%
3/26/2020	12.0%	-7.3%	14.3%
SUMMARY STATS
# Positive	9	6	7
# Negative	9	12	11
Median Positive	8.7%	10.4%	10.4%
Median Negative	-5.6%	-6.4%	-5.8%
Max Positive	33.7%	32.1%	29.9%
Max Negative	-18.2%	-18.5%	-18.2%

SEC Filings

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Report Date	Filing Date	Filing
10/31/2025	12/04/2025	10-Q (10/31/2025)
07/31/2025	09/02/2025	10-Q (07/31/2025)
04/30/2025	06/04/2025	10-Q (04/30/2025)
01/31/2025	03/28/2025	10-K (01/31/2025)
10/31/2024	12/05/2024	10-Q (10/31/2024)
07/31/2024	08/30/2024	10-Q (07/31/2024)
04/30/2024	05/30/2024	10-Q (04/30/2024)
01/31/2024	03/29/2024	10-K (01/31/2024)
10/31/2023	12/04/2023	10-Q (10/31/2023)
07/31/2023	09/01/2023	10-Q (07/31/2023)
04/30/2023	05/26/2023	10-Q (04/30/2023)
01/31/2023	03/30/2023	10-K (01/31/2023)
10/31/2022	12/05/2022	10-Q (10/31/2022)
07/31/2022	09/01/2022	10-Q (07/31/2022)
04/30/2022	05/27/2022	10-Q (04/30/2022)
01/31/2022	04/06/2022	10-K (01/31/2022)

Insider Activity

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External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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REX American Resources (REX)

Market Price (12/29/2025): $34.21 | Market Cap: $1.1 BilSector: Energy | Industry: Oil & Gas Refining & Marketing

REX American Resources (REX)

Market Price (12/29/2025): $34.21Market Cap: $1.1 BilSector: EnergyIndustry: Oil & Gas Refining & Marketing

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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About REX American Resources (REX)

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Better Bets than REX American Resources (REX)

INDUSTRY: Oil & Gas Refining & Marketing

Higher Rev Chg 3Y Avg | Lower P/S (Values for REX: -8.7% | 1.7x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for REX: -8.7% | 20.2x)

Higher Rev Chg LTM (Value for REX: -3.1%)

Higher Rev Chg 3Y Avg (Value for REX: -8.7%)

Higher CFO/Rev LTM (Value for REX: 13.7%)

Higher FCF/Rev LTM (Value for REX: 2.7%)

Higher Total Yield (Value for REX: 4.5%)

SECTOR: Energy

Higher Rev Chg 3Y Avg | Lower P/S (Values for REX: -8.7% | 1.7x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for REX: -8.7% | 20.2x)

Higher Rev Chg LTM (Value for REX: -3.1%)

Higher Rev Chg 3Y Avg (Value for REX: -8.7%)

Higher Op Mgn LTM (Value for REX: 8.6%)

Higher CFO/Rev LTM (Value for REX: 13.7%)

Higher FCF/Rev LTM (Value for REX: 2.7%)

Higher Total Yield (Value for REX: 4.5%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for REX: -8.7% | 1.7x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for REX: -8.7% | 20.2x)

Higher Rev Chg LTM (Value for REX: -3.1%)

Higher Rev Chg 3Y Avg (Value for REX: -8.7%)

Higher Op Mgn LTM (Value for REX: 8.6%)

Higher CFO/Rev LTM (Value for REX: 13.7%)

Higher FCF/Rev LTM (Value for REX: 2.7%)

Higher Total Yield (Value for REX: 4.5%)

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Market Price (12/29/2025): $34.21 | Market Cap: $1.1 Bil
Sector: Energy | Industry: Oil & Gas Refining & Marketing

Market Price (12/29/2025): $34.21
Market Cap: $1.1 Bil
Sector: Energy
Industry: Oil & Gas Refining & Marketing