Louisiana-Pacific vs Simpson Manufacturing
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The short version
- Louisiana-Pacific is the larger business, with $2.7B of revenue in fiscal 2025 against $2.3B for Simpson Manufacturing.
- Simpson Manufacturing grew revenue faster (4.5%, against −7.9%).
- Simpson Manufacturing kept more of each dollar of sales as operating profit (19.6% operating margin, against 7.7%).
- Simpson Manufacturing turned more of its sales into free cash flow (12.8% FCF margin, against 3.4%).
- Simpson Manufacturing earned a higher return on the capital invested in it (17.5%, against 9.0%).
- Investors pay more for each dollar of Louisiana-Pacific’s earnings: a P/E of 94.6x against 20.1x for Simpson Manufacturing.
| Latest fiscal year | LPX · FY25 | SSD · FY25 |
|---|---|---|
| Size | ||
| Market cap | $5.2B | $7.6B |
| Revenue | $2.7B | $2.3B |
| Free cash flow | $91.0M | $298M |
| Net income | $146M | $345M |
| Growth | ||
| Revenue growth | −7.9% | 4.5% |
| 5-year growth | 2.5% | 13.0% |
| Share count change | −1.4% | −1.2% |
| Profitability | ||
| Gross margin | 21.8% | 45.9% |
| Operating margin | 7.7% | 19.6% |
| Net margin | 5.4% | 14.8% |
| FCF margin | 3.4% | 12.8% |
| Return on capital | 9.0% | 17.5% |
| Return on equity | 8.6% | 18.0% |
| Balance sheet | ||
| Net debt | $56.0M | −$84.1M |
| Net debt / EBITDA | 0.2x | −0.2x |
| Dividends and buybacks | $139M | $168M |
| Valuation & quality | ||
| P/E | 94.6x | 20.1x |
| Piotroski F-score | 5 | 8 |
Revenue
FY16
LPX $2.2B
SSD $861M
FY17
LPX $2.7B
SSD $977M
FY18
LPX $2.8B
SSD $1.1B
FY19
LPX $2.3B
SSD $1.1B
FY20
LPX $2.4B
SSD $1.3B
FY21
LPX $3.9B
SSD $1.6B
FY22
LPX $3.9B
SSD $2.1B
FY23
LPX $2.6B
SSD $2.2B
FY24
LPX $2.9B
SSD $2.2B
FY25
LPX $2.7B
SSD $2.3B
LPX
SSD
Operating margin
FY16
LPX 9.4%
SSD 16.4%
FY17
LPX 19.5%
SSD 14.2%
FY18
LPX 18.6%
SSD 16.0%
FY19
LPX −0.9%
SSD 16.0%
FY20
LPX 25.6%
SSD 19.9%
FY21
LPX 44.3%
SSD 23.4%
FY22
LPX 32.4%
SSD 21.7%
FY23
LPX 11.1%
SSD 21.5%
FY24
LPX 18.0%
SSD 19.3%
FY25
LPX 7.7%
SSD 19.6%
LPX
SSD
Free cash flow
FY16
LPX $218M
SSD $57.0M
FY17
LPX $325M
SSD $61.0M
FY18
LPX $297M
SSD $131M
FY19
LPX −$4.0M
SSD $173M
FY20
LPX $588M
SSD $175M
FY21
LPX $1.2B
SSD $108M
FY22
LPX $730M
SSD $337M
FY23
LPX $16.0M
SSD $338M
FY24
LPX $422M
SSD $158M
FY25
LPX $91.0M
SSD $298M
LPX
SSD
Return on capital
FY16
LPX 16.5%
SSD —
FY17
LPX 41.6%
SSD —
FY18
LPX 36.2%
SSD 17.9%
FY19
LPX −1.4%
SSD —
FY20
LPX 44.6%
SSD —
FY21
LPX 116.7%
SSD —
FY22
LPX 72.5%
SSD —
FY23
LPX 13.1%
SSD 22.0%
FY24
LPX 23.7%
SSD 17.7%
FY25
LPX 9.0%
SSD 17.5%
LPX
SSD
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.