Louisiana-Pacific
LPX NYSE Building Products Financials FY2016βFY2025
Louisiana-Pacific's revenue fell 7.9% to $2.7 billion in fiscal 2025. Its operating margin was 7.7%, down from 18.0% a year earlier. Free cash flow was $91 million, down 78.4%. It paid out $139 million in dividends and buybacks, 153% of free cash flow. The diluted share count fell 1.4%.
What Louisiana-Pacific does
No business description yet.
- Legal name
- LOUISIANA-PACIFIC CORPORATION
- Fiscal year ends
- December 31, 2025
- Latest annual report
- β
- Accession Β· CIK
- 0000060519-26-000012
0000060519
Revenue and margins
Louisiana-Pacific had $2.7B of revenue in fiscal 2025, down 7.9% on the year before.
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 8.1% a year. Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was $91.0M in fiscal 2025, 3.4% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Louisiana-Pacific returned $139M to shareholders in fiscal 2025, 153% of free cash flow. The diluted share count fell 1.4%.
Value Louisiana-Pacific yourself
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets β the answer depends entirely on what you put in.
Discounted cash flow
Value per share
β
Adds net cash of β$56.0M and divides by 70.0M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Earnings multiple
Value per share
β
Reference multiples: today 94.6x Β· peers 21.3x Β· sector 26.0x.
Balance sheet
Cash, debt and the ratios that show how comfortably Louisiana-Pacific can carry it.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $358M | $369M | $222M | $340M | $292M |
| Debt incl. finance leases | $346M | $346M | $347M | $348M | $348M |
| Net debt / EBITDA | β0.0x | β0.0x | 0.3x | 0.0x | 0.2x |
| Debt / equity | 0.3x | 0.2x | 0.2x | 0.2x | 0.2x |
| Interest coverage | 115.6x | 89.3x | 16.9x | 37.9x | 12.3x |
| Current ratio | 2.5x | 2.5x | 3.0x | 2.9x | 2.8x |
| Quick ratio | 1.7x | 1.5x | 1.5x | 1.7x | 1.5x |
| Total assets | $2.2B | $2.4B | $2.4B | $2.6B | $2.6B |
| Total liabilities | $955M | $916M | $880M | $885M | $896M |
| Shareholders' equity | $1.2B | $1.4B | $1.6B | $1.7B | $1.7B |
| Net debt (β = net cash) | β$12.0M | β$23.0M | $125M | $8.0M | $56.0M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$2.0M
2 insiders
Sold, 12 months
$15.3M
2 insiders
Of sales under plans
99%
$15.2M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 15, 2026 | Lizanne M BruceDirector | Sold | 1,141 | $78.21 | $0.1M | Form 4 |
| Mar 10, 2026 | Lizanne M BruceDirector | Sold | 1,300 | $78.59 | $0.1M | Form 4 |
| Feb 19, 2026 | Grasberger F Nicholas IIIDirector | Bought | 20,000 | $85.49 | $1.7M | Form 4 |
| Feb 18, 2026 | William Bradley SouthernChief Executive Officer, Director | Sold plan | 14,166 | $87.85 | $1.2M | Form 4 |
| Feb 17, 2026 | William Bradley SouthernChief Executive Officer, Director | Sold plan | 14,166 | $89.29 | $1.3M | Form 4 |
| Feb 3, 2026 | William Bradley SouthernChief Executive Officer, Director | Sold plan | 21,252 | $88.19 | $1.9M | Form 4 |
| Feb 2, 2026 | William Bradley SouthernChief Executive Officer, Director | Sold plan | 7,080 | $85.16 | $0.6M | Form 4 |
| Jan 15, 2026 | William Bradley SouthernChief Executive Officer, Director | Sold plan | 14,166 | $93.08 | $1.3M | Form 4 |
| Jan 14, 2026 | William Bradley SouthernChief Executive Officer, Director | Sold plan | 55,346 | $91.66 | $5.1M | Form 4 |
| Dec 16, 2025 | William Bradley SouthernChief Executive Officer, Director | Sold plan | 1,318 | $85.38 | $0.1M | Form 4 |
| Dec 15, 2025 | William Bradley SouthernChief Executive Officer, Director | Sold plan | 42,514 | $86.25 | $3.7M | Form 4 |
| Nov 7, 2025 | Stephen E. MacadamDirector | Bought | 3,200 | $78.06 | $0.2M | Form 4 |
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | 6 / 9 | 8 / 9 | 5 / 9 |
| Accruals ratio | β5.8% | β7.4% | β9.1% |
| Altman Z'' | 6.02 | 6.86 | 5.87 |
Similar companies
Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Louisiana-Pacific LPX | $5.2B | β7.9% | 7.7% | 3.4% | 9.0% | 94.6x | 5 | |
| Watts Water Technologies WTS | $12.0B | 8.3% | 18.4% | 14.6% | 20.5% | 31.3x | 8 | Compare β |
| Advanced Drainage Systems WMS | $10.0B | 5.0% | 20.3% | 18.7% | 15.8% | 22.5x | 4 | Compare β |
| Simpson Manufacturing SSD | $7.6B | 4.5% | 19.6% | 12.8% | 17.5% | 20.2x | 8 | Compare β |
| A. O. Smith AOS | $8.5B | 0.3% | 19.0% | 14.3% | 30.7% | 17.1x | 7 | Compare β |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $2.2B | $2.7B | $2.8B | $2.3B | $2.4B | $3.9B | $3.9B | $2.6B | $2.9B | $2.7B |
| Gross profit | $404M | $736M | $744M | $303M | $833M | $2.0B | $1.5B | $593M | $832M | $589M |
| Operating income | $210M | $533M | $526M | β$20.0M | $615M | $1.7B | $1.3B | $287M | $530M | $209M |
| Interest expense | $32.1M | $20.0M | $19.0M | $18.0M | $17.0M | $15.0M | $14.0M | $17.0M | $14.0M | $17.0M |
| Pretax income | $170M | $510M | $521M | β$23.0M | $605M | $1.7B | $1.2B | $252M | $560M | $196M |
| Income tax | $19.8M | $119M | $122M | β$13.0M | $121M | $402M | $274M | $74.0M | $140M | $50.0M |
| Net income | $150M | $390M | $395M | β$5.0M | $499M | $1.4B | $1.1B | $178M | $420M | $146M |
| Diluted EPS | $1.03 | $2.66 | $2.73 | β$0.04 | $4.46 | $14.09 | $13.87 | $2.46 | $5.89 | $2.08 |
| Diluted shares | 0.15B | 0.15B | 0.14B | 0.12B | 0.11B | 0.10B | 0.08B | 0.07B | 0.07B | 0.07B |
| Cash flow | ||||||||||
| Cash from operations | $342M | $474M | $511M | $159M | $659M | $1.5B | $1.1B | $316M | $605M | $382M |
| Capital expenditure | $125M | $149M | $214M | $163M | $71.0M | $254M | $414M | $300M | $183M | $291M |
| Free cash flow | $218M | $325M | $297M | β$4.0M | $588M | $1.2B | $730M | $16.0M | $422M | $91.0M |
| Depreciation and amortization | $3.2M | $3.0M | $116M | $118M | $102M | $114M | $129M | $119M | $123M | $138M |
| Stock-based compensation | $13.0M | $9.7M | $8.6M | β | β | β | β | $13.0M | $20.0M | $30.0M |
| Acquisitions | $0.0M | $21.0M | $0.0M | $30.0M | $0.0M | $0.0M | $0.0M | $80.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $212M | $638M | $200M | $1.3B | $900M | $0.0M | $212M | $61.0M |
| Dividends paid | $0.0M | $0.0M | $74.0M | $65.0M | $65.0M | $66.0M | $69.0M | $69.0M | $74.0M | $78.0M |
| Dividends and buybacks | $0.0M | $0.0M | $286M | $703M | $265M | $1.4B | $969M | $69.0M | $286M | $139M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $659M | $928M | $878M | $181M | $535M | $358M | $369M | $222M | $340M | $292M |
| Total debt | $377M | $376M | $352M | $348M | $348M | $346M | $346M | $347M | $348M | $348M |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $1.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Current assets | $1.0B | $1.4B | $1.3B | $619M | $993M | $890M | $854M | $778M | $855M | $809M |
| Current liabilities | $229M | $270M | $262M | $244M | $286M | $351M | $336M | $259M | $299M | $291M |
| Inventory | $235M | $259M | $273M | $265M | $259M | $278M | $337M | $378M | $357M | $363M |
| Property and equipment, net | $891M | $926M | $1.0B | $965M | $918M | $1.0B | $1.3B | $1.5B | $1.6B | $1.7B |
| Total assets | $2.0B | $2.4B | $2.5B | $1.8B | $2.1B | $2.2B | $2.4B | $2.4B | $2.6B | $2.6B |
| Total liabilities | $836M | $844M | $814M | $834M | $842M | $955M | $916M | $880M | $885M | $896M |
| Shareholders' equity | $1.2B | $1.6B | $1.7B | $991M | $1.2B | $1.2B | $1.4B | $1.6B | $1.7B | $1.7B |
| Margins | ||||||||||
| Gross margin | 18.1% | 26.9% | 26.3% | 13.1% | 34.7% | 50.1% | 38.9% | 23.0% | 28.3% | 21.8% |
| Operating margin | 9.4% | 19.5% | 18.6% | β0.9% | 25.6% | 44.3% | 32.4% | 11.1% | 18.0% | 7.7% |
| EBITDA margin | 9.6% | 19.6% | 22.7% | 4.2% | 29.9% | 47.2% | 35.8% | 15.7% | 22.2% | 12.8% |
| Net margin | 6.7% | 14.3% | 14.0% | β0.2% | 20.8% | 35.2% | 28.2% | 6.9% | 14.3% | 5.4% |
| FCF margin | 9.7% | 11.9% | 10.5% | β0.2% | 24.5% | 31.4% | 18.9% | 0.6% | 14.4% | 3.4% |
| Returns | ||||||||||
| Return on capital | 16.5% | 41.6% | 36.2% | β1.4% | 44.6% | 116.7% | 72.5% | 13.1% | 23.7% | 9.0% |
| Return on capital employed | 11.0% | 26.8% | 23.8% | β1.0% | 36.3% | 95.2% | 64.8% | 13.7% | 23.9% | 9.1% |
| Return on equity | 13.5% | 27.9% | 23.9% | β0.4% | 44.9% | 111.5% | 81.4% | 11.9% | 26.0% | 8.6% |
| Return on assets | 7.1% | 17.4% | 15.9% | β0.2% | 25.5% | 64.4% | 47.8% | 7.4% | 16.8% | 5.6% |
| Growth | ||||||||||
| Revenue growth | 18.0% | 22.4% | 3.4% | β18.3% | 3.9% | 63.2% | β1.6% | β33.0% | 14.0% | β7.9% |
| Net income growth | β | 160.4% | 1.3% | β101.3% | β | 176.0% | β21.1% | β83.6% | 136.0% | β65.2% |
| EPS growth | β | 158.3% | 2.6% | β101.5% | β | 215.9% | β1.6% | β82.3% | 139.4% | β64.7% |
| FCF growth | β | 49.4% | β8.6% | β101.4% | β | 109.2% | β40.7% | β97.8% | 2,537.5% | β78.4% |
| Share count change | 2.0% | 0.5% | β1.4% | β14.6% | β8.9% | β12.5% | β20.4% | β7.7% | β1.4% | β1.4% |
| Financial health | ||||||||||
| Net debt / EBITDA | β1.3x | β1.0x | β0.8x | 1.7x | β0.3x | β0.0x | β0.0x | 0.3x | 0.0x | 0.2x |
| Debt / equity | 0.3x | 0.2x | 0.2x | 0.4x | 0.3x | 0.3x | 0.2x | 0.2x | 0.2x | 0.2x |
| Interest coverage | 6.6x | 26.7x | 27.7x | β1.1x | 36.2x | 115.6x | 89.3x | 16.9x | 37.9x | 12.3x |
| Current ratio | 4.4x | 5.0x | 4.9x | 2.5x | 3.5x | 2.5x | 2.5x | 3.0x | 2.9x | 2.8x |
| Quick ratio | 3.4x | 4.1x | 3.9x | 1.5x | 2.6x | 1.7x | 1.5x | 1.5x | 1.7x | 1.5x |
| Capital allocation | ||||||||||
| Capex / revenue | 5.6% | 5.5% | 7.6% | 7.1% | 3.0% | 6.5% | 10.7% | 11.6% | 6.2% | 10.8% |
| Stock comp / revenue | 0.6% | 0.4% | 0.3% | β | β | β | β | 0.5% | 0.7% | 1.1% |
| Payouts / FCF | 0.0% | 0.0% | 96.3% | β | 45.1% | 111.1% | 132.7% | 431.3% | 67.8% | 152.8% |
| Quality scores | ||||||||||
| Piotroski F-score | 7.0 | 8.0 | 5.0 | 3.0 | 8.0 | 8.0 | 6.0 | 6.0 | 8.0 | 5.0 |
| Altman Z'' | 6.1 | 8.1 | 8.4 | 4.2 | 7.6 | 10.1 | 8.6 | 6.0 | 6.9 | 5.9 |
| Accruals ratio | β9.2% | β3.8% | β4.7% | β7.5% | β8.2% | β5.0% | β2.6% | β5.8% | β7.4% | β9.1% |
Source: SEC EDGAR XBRL filings (CIK 0000060519). Data updated October 19, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.