Louisiana-Pacific vs Watts Water Technologies
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The short version
- Louisiana-Pacific is the larger business, with $2.7B of revenue in fiscal 2025 against $2.4B for Watts Water Technologies.
- Watts Water Technologies grew revenue faster (8.3%, against −7.9%).
- Watts Water Technologies kept more of each dollar of sales as operating profit (18.4% operating margin, against 7.7%).
- Watts Water Technologies turned more of its sales into free cash flow (14.6% FCF margin, against 3.4%).
- Watts Water Technologies earned a higher return on the capital invested in it (20.5%, against 9.0%).
- Investors pay more for each dollar of Louisiana-Pacific’s earnings: a P/E of 94.6x against 31.3x for Watts Water Technologies.
| Latest fiscal year | LPX · FY25 | WTS · FY25 |
|---|---|---|
| Size | ||
| Market cap | $5.2B | $12.0B |
| Revenue | $2.7B | $2.4B |
| Free cash flow | $91.0M | $356M |
| Net income | $146M | $341M |
| Growth | ||
| Revenue growth | −7.9% | 8.3% |
| 5-year growth | 2.5% | 10.1% |
| Share count change | −1.4% | 0.0% |
| Profitability | ||
| Gross margin | 21.8% | 49.5% |
| Operating margin | 7.7% | 18.4% |
| Net margin | 5.4% | 14.0% |
| FCF margin | 3.4% | 14.6% |
| Return on capital | 9.0% | 20.5% |
| Return on equity | 8.6% | 18.3% |
| Balance sheet | ||
| Net debt | $56.0M | −$205M |
| Net debt / EBITDA | 0.2x | −0.4x |
| Dividends and buybacks | $139M | $82.9M |
| Valuation & quality | ||
| P/E | 94.6x | 31.3x |
| Piotroski F-score | 5 | 8 |
Revenue
FY16
LPX $2.2B
WTS $1.4B
FY17
LPX $2.7B
WTS $1.5B
FY18
LPX $2.8B
WTS $1.6B
FY19
LPX $2.3B
WTS $1.6B
FY20
LPX $2.4B
WTS $1.5B
FY21
LPX $3.9B
WTS $1.8B
FY22
LPX $3.9B
WTS $2.0B
FY23
LPX $2.6B
WTS $2.1B
FY24
LPX $2.9B
WTS $2.3B
FY25
LPX $2.7B
WTS $2.4B
LPX
WTS
Operating margin
FY16
LPX 9.4%
WTS 10.4%
FY17
LPX 19.5%
WTS 11.1%
FY18
LPX 18.6%
WTS 12.0%
FY19
LPX −0.9%
WTS 12.3%
FY20
LPX 25.6%
WTS 12.0%
FY21
LPX 44.3%
WTS 13.2%
FY22
LPX 32.4%
WTS 15.9%
FY23
LPX 11.1%
WTS 17.1%
FY24
LPX 18.0%
WTS 17.3%
FY25
LPX 7.7%
WTS 18.4%
LPX
WTS
Free cash flow
FY16
LPX $218M
WTS $102M
FY17
LPX $325M
WTS $127M
FY18
LPX $297M
WTS $134M
FY19
LPX −$4.0M
WTS $165M
FY20
LPX $588M
WTS $185M
FY21
LPX $1.2B
WTS $154M
FY22
LPX $730M
WTS $196M
FY23
LPX $16.0M
WTS $281M
FY24
LPX $422M
WTS $326M
FY25
LPX $91.0M
WTS $356M
LPX
WTS
Return on capital
FY16
LPX 16.5%
WTS 9.4%
FY17
LPX 41.6%
WTS 7.9%
FY18
LPX 36.2%
WTS 13.2%
FY19
LPX −1.4%
WTS 13.3%
FY20
LPX 44.6%
WTS 11.7%
FY21
LPX 116.7%
WTS 15.9%
FY22
LPX 72.5%
WTS 23.2%
FY23
LPX 13.1%
WTS 20.2%
FY24
LPX 23.7%
WTS 19.7%
FY25
LPX 9.0%
WTS 20.5%
LPX
WTS
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.