Louisiana-Pacific CorporationLPX
NYSE•Industrials•Building Products & Equipment
Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions for applications in new home construction, repair and remodeling, and outdoor structure markets in the United States, Canada, and South America. It operates through Siding and Oriented Strand Board (OSB) segments. The Siding segment consists of a portfolio of engineered wood siding, trim, soffit, and fascia products; and primed products, including LP SmartSide trim and siding, LP BuilderSeries Lap Siding, and LP Outdoor Building Solutions; and LP SmartSide ExpertFinish trim and siding pre-finished products. The OSB segment manufactures and distributes OSB structural panel products, including the value-added OSB product portfolio comprising LP Structural Solutions, which includes LP FlameBlock Fire-Rated Sheathing, LP WeatherLogic Air and Water Barrier, LP TechShield Radiant Barrier, LP Legacy Premium Sub-Flooring, and LP TopNotch 350 Durable Sub-Flooring. In addition, the company provides other operations, including timber and timberlands, as well as other minor products, services, and closed operations. The company sells its products primarily to retailers, wholesalers, home building, and industrial businesses in North America and South America. Louisiana-Pacific Corporation was incorporated in 1972 and is headquartered in Nashville, Tennessee.
Louisiana-Pacific Corporation (LPX) reported trailing twelve months revenue of $2.56B as of March 2026, a 13.0% decline year-over-year. Quarterly revenue reached $574.00M, reflecting a contraction in sales.
Louisiana-Pacific Corporation generated $82.00M in TTM net income, with quarterly EBITDA of $72.00M. The operating margin contracted from 16.6% to 5.9%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (5.9%) and net margin (4.7%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 12.6% a year ago, reflecting increased costs or interest expense.
LPX trades at a P/E of 64.3x (a premium multiple) and a P/S of 2.1x. The price-to-book ratio of 3.0x reflects a moderate premium to book value.
The company reported negative free cash flow of $-99.00M, indicating cash consumption over the period. The balance sheet shows $2.58B in total assets with $348.00M in long-term debt against $1.73B in stockholders equity for a debt-to-equity ratio of 0.2, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging 10.6%. The business may lack pricing power or face rising costs.'
ROE averages 17.9% but has fluctuated — the competitive advantage may be cyclical or emerging.
5 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
Operating margins dropped 73.9% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
D/E ratio is 0.2 — conservative capital structure with low financial risk.
Revenue declined in 5 of the last 7 quarters — persistent contraction signals a fundamental problem.
FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.
Shares decreased 2.8% — net buybacks are reducing shares outstanding and boosting per-share value.