REX
Basic MaterialsREX American Resources Corporation · Chemicals - Specialty · $2B
What is REX American Resources Corporation?
REX American Resources Corporation is a small-cap ethanol producer headquartered in Dayton, Ohio. Originally a retail chain, the company pivoted to energy and agricultural commodities, focusing on ethanol production and related co-products across the United States.
REX generates revenue primarily by producing and selling ethanol at its plant operations, which it holds through subsidiary interests. Alongside ethanol, the company sells corn, distillers grains, non-food grade corn oil, gasoline, and natural gas. Distillers grains — a co-product of ethanol production — serve as a protein source in animal feed markets. The business model is closely tied to commodity price cycles, making revenue sensitive to corn input costs and ethanol market pricing.
REX was founded in 1980 and is headquartered in Dayton, Ohio.
- Ethanol production and wholesale distribution
- Distillers grains and dry distillers grains with solubles for animal feed
- Non-food grade corn oil as a renewable co-product
- Corn, gasoline, and natural gas commodity sales
Is REX a Good Stock to Buy?
UQS Score rates REX as Below Average overall, reflecting a mixed fundamental profile in a commodity-driven industry.
The standout element in REX's profile is its Risk pillar, which rates Strong — suggesting the company carries a conservative balance sheet and limited financial leverage relative to peers. This financial discipline has historically allowed REX to weather commodity downturns with more stability than many small-cap peers in the Basic Materials sector.
The Moat pillar rates Weak, which is characteristic of commodity producers that lack meaningful pricing power or differentiated products. Quality and Growth both sit at Neutral, indicating no clear structural edge in earnings quality or expansion trajectory.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does REX pay dividends?
No — REX American Resources Corporation does not currently pay a dividend.
REX American Resources does not currently pay a dividend. For a commodity-focused producer operating in a cyclical sector, retaining capital provides flexibility to manage input cost volatility and fund operational needs. Investors seeking income from the Basic Materials sector may want to evaluate dividend-paying alternatives, as REX's capital allocation prioritizes financial resilience over distributions.
When does REX report earnings?
REX American Resources reports earnings on a quarterly cadence, consistent with standard US-listed equity practice.
Results tend to fluctuate with corn input costs and ethanol market pricing, making quarter-to-quarter comparisons particularly sensitive to commodity cycles. The company's conservative financial posture has helped cushion earnings volatility relative to more leveraged peers.
For the most recent quarter's results and guidance, visit REX American Resources Corporation's investor relations page directly.
REX Price History
+180.9% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
REX Long-term Outlook
REX's Growth pillar sits at Neutral, suggesting the business is not in a high-expansion phase but is also not in structural decline. The Strong Risk rating indicates the company enters future periods from a position of financial stability. However, the Weak Moat rating means that sustained earnings growth depends heavily on favorable commodity spreads rather than any durable competitive advantage. Valuation is rated Neutral, implying the market is pricing REX in line with its fundamental profile rather than at a significant premium or discount.
Growth drivers
- Favorable ethanol-to-corn price spreads expanding production margins
- Demand for distillers grains as a cost-effective animal feed protein source
- Potential policy tailwinds supporting domestic ethanol blending mandates
Key risks
- Commodity price volatility compressing ethanol production margins
- Weak competitive moat leaving REX exposed to industry-wide pricing pressure
- Regulatory or blending mandate changes affecting ethanol demand
REX vs Peers
Within the Basic Materials sector, REX operates in a distinct commodity niche but can be evaluated alongside other specialty chemical and materials producers.
Ecovyst focuses on specialty catalysts and chemical services, giving it a more differentiated product portfolio than a commodity ethanol producer like REX.
Stepan is a diversified specialty chemical manufacturer with a broader product mix and longer-established customer relationships across multiple end markets.
Lightwave Logic is an early-stage photonics technology company, representing a very different risk and growth profile compared to REX's commodity-driven operations.
Frequently Asked Questions
What does REX American Resources do?
REX American Resources produces and sells ethanol in the United States through subsidiary plant interests. The company also sells related agricultural commodities including corn, distillers grains used in animal feed, non-food grade corn oil, gasoline, and natural gas. It was formerly a retail chain before pivoting to energy and agricultural markets.
Does REX pay dividends?
REX American Resources does not currently pay a dividend. The company retains capital to manage the financial demands of commodity-cycle volatility. Investors seeking regular income may need to look elsewhere in the Basic Materials sector.
When does REX report earnings?
REX reports earnings on a quarterly cadence, in line with standard US-listed company practice. For the exact schedule and most recent results, check the investor relations section of the REX American Resources corporate website.
Is REX a good stock to buy?
UQS Score rates REX as Below Average overall. The company shows a Strong Risk profile, but its Weak Moat and commodity-dependent business model limit the overall quality rating. Whether REX fits a portfolio depends on an investor's tolerance for commodity exposure and their broader strategy.
Is REX overvalued?
REX's Valuation pillar is rated Neutral, suggesting the market is pricing the stock broadly in line with its fundamental profile. It does not appear significantly stretched or deeply discounted based on the UQS composite assessment. Full valuation metrics are available to Pro members.
How does REX compare to its competitors?
Compared to specialty chemical peers like Ecovyst and Stepan Company, REX operates in a narrower commodity niche with less product differentiation. Its Strong Risk rating stands out, but its Weak Moat reflects the pricing-power limitations common to commodity producers. See the competitor section above for a side-by-side UQS comparison.
What is REX's market cap bracket?
REX American Resources is classified as a small-cap company. This places it in a segment of the market that can offer higher growth potential but also tends to carry greater liquidity risk and earnings volatility compared to large- or mega-cap peers.
Who founded REX American Resources?
REX was founded in 1980 and was originally known as REX Stores Corporation, operating as a consumer electronics retailer. The company changed its name to REX American Resources Corporation in 2010 following its strategic shift into ethanol production and agricultural commodities.
Is REX a long-term quality investment?
As a long-term quality indicator, REX's Below Average UQS Score and Weak Moat rating suggest limited structural advantages that would support durable compounding over time. The Strong Risk pillar is a positive signal for financial stability, but commodity dependence remains a meaningful constraint on long-term quality.
What is the main competitive advantage of REX American Resources?
REX's most notable advantage is financial conservatism — its Strong Risk pillar reflects a balance sheet that carries limited leverage. However, the Weak Moat rating indicates the company lacks significant pricing power or differentiation in the commodity ethanol market, which limits the durability of any competitive edge.
What sector does REX belong to?
REX American Resources is classified in the Basic Materials sector. Its operations center on ethanol production and agricultural commodity sales, placing it at the intersection of energy and materials — both of which are sensitive to commodity price cycles and regulatory policy.
Is REX a growth stock or value stock?
Based on UQS pillar labels, REX's Growth pillar is Neutral and Valuation is also Neutral — it does not fit cleanly into either category. It is neither a high-growth compounder nor a deeply discounted value play, but rather a commodity-cycle-sensitive business priced in line with its fundamentals.
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Pro Analysis
REX — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 7, 2026 | 43.9 | 53.2 | 15.0 | 44.9 | 82.4 | 36.8 | +0.2 |
| May 3, 2026 | 43.7 | 53.2 | 15.0 | 44.9 | 82.4 | 35.4 | -0.3 |
| Apr 26, 2026 | 44.0 | 53.2 | 15.0 | 44.9 | 82.4 | 37.7 | -0.4 |
| Apr 19, 2026 | 44.4 | 53.2 | 15.0 | 44.9 | 82.4 | 40.4 | -0.1 |
| Apr 18, 2026 | 44.5 | 53.2 | 15.0 | 44.9 | 82.4 | 40.6 | -1.1 |
| Apr 14, 2026 | 45.6 | 53.2 | 15.0 | 44.9 | 82.4 | 48.0 | +0.2 |
| Apr 12, 2026 | 45.4 | 53.2 | 15.0 | 44.9 | 82.4 | 46.5 | +0.2 |
| Apr 5, 2026 | 45.2 | 53.2 | 15.0 | 44.9 | 82.4 | 45.3 | 0.0 |
| Apr 4, 2026 | 45.2 | 53.2 | 15.0 | 44.9 | 82.4 | 45.7 | -0.2 |
| Apr 2, 2026 | 45.4 | 53.4 | 15.0 | 44.9 | 82.4 | 46.6 | — |
REX — Pillar Breakdown
Quality
— 52.7/100 (25%)REX American Resources Corporation has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 44.9/100 (20%)REX American Resources Corporation shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 82.4/100 (15%)REX American Resources Corporation carries minimal financial risk with conservative leverage and strong solvency.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 32.3/100 (15%)REX American Resources Corporation appears expensively valued relative to its fundamentals and growth prospects.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
Enterprise value multiple relative to sector median.
Moat
— 15/100 (25%)REX American Resources Corporation operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for REX.
Score Composition
Financial Data
More Stock Analysis
How is the REX UQS Score Calculated?
The UQS (Unified Quality Score) for REX American Resources Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses REX American Resources Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether REX American Resources Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.