REX American Resources (REX) revenue breakdown
By segment, Ethanol and By-Products is the largest at 100% of fiscal 2026 revenue, growing -13% a year over 2 years.
By product, Ethanol is the largest at 78% of fiscal 2026 revenue; Distillers Corn Oil grew fastest, -1% a year over 2 years.
Revenue by segment
Fiscal years, as REX American Resources reports them in its 10-K filings; fiscal 2026 total $1.7B.
| Segments | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share |
|---|---|---|---|---|---|---|---|---|---|---|
| Ethanol and By-Products | — | — | — | — | — | — | $2.2B | $1.7B | $1.7B | 100% |
| Ethanol | $359M | $486M | $321M | $284M | $614M | $650M | — | — | — | — |
| Dried Distillers Grains | — | — | $72M | $72M | $125M | $139M | — | — | — | — |
| Dried Distillers Grains | $63M | — | — | — | — | — | — | — | — | — |
| Non-Food Grade Corn Oil | — | — | $17M | $15M | $39M | $56M | — | — | — | — |
| Non-Food Grade Corn Oil | $21M | — | — | — | — | — | — | — | — | — |
| Modified Distillers Grains | — | — | $7M | $3M | $9M | $12M | — | — | — | — |
| Modified Distillers Grains | $9M | — | — | — | — | — | — | — | — | — |
| Refined Coal | $433,000 | $786,000 | — | — | — | — | — | — | — | — |
| Other | — | — | $136,000 | $174,000 | $349,000 | $231,000 | — | — | — | — |
| Other Segments | $74,000 | — | — | — | — | — | — | — | — | — |
| Derivative Financial Instrument Losses | — | — | — | -$1M | -$12M | -$1M | — | — | — | — |
| Equity Method Ethanol Investment | — | — | — | — | — | — | -$1.4B | -$1.0B | -$1.0B | -61% |
Revenue by product
Fiscal years, as REX American Resources reports them in its 10-K filings; fiscal 2026 total $651M.
| Products | 2024 | 2025 | 2026 | Share |
|---|---|---|---|---|
| Ethanol | $635M | $496M | $504M | 78% |
| Dried Distillers Grains | $139M | $101M | $88M | 14% |
| Distillers Corn Oil | $53M | $39M | $52M | 8% |
| Modified Distillers Grains | $6M | $5M | $5M | 1% |
| Other | $309,000 | $329,000 | $399,000 | 0% |
| Derivative Financial Instrument (Losses) Gains | -$37,000 | $424,000 | -$254,000 | -0% |
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Where does REX American Resources make its money?
In fiscal 2026, by segment: Ethanol and By-Products $1.7B.
From REX American Resources's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.