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Louisiana-pacific Corp (LPX) stock

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NYSE: LPX NYSE Forest Products Next results ~November 3, 2026

D Fundamentals grade

Louisiana-pacific Corp is a US-listed company in the forest products industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$75

Cash-flow model

Base case. Range ~$56–$100 across our lower- and higher-growth cases (-1%–9% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 0% above our base value.

Price used: $75.58, November 2, 2026

Louisiana-pacific Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 2 selling2 purchases and 28 sales by directors and officers, last 12 monthsInsider trades
  • Funds220 adding, 167 cuttingOf 57 active managers that changed their stake, 29 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Louisiana-pacific files

Where Louisiana-pacific stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.47bn, down 14.3% on a year earlier, slower than -13.0% a quarter earlier. That puts it 926 of 931 for growth among all the companies we cover. Free-cash-flow margin fell to -0.9% from 9.6% a year earlier. Operating margin narrowed to 3.0% from 13.6%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 3 financial-health checks. Our cash-flow model value is $68.53 a share, against a share price of $72.09.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

Louisiana-pacific Corp's trailing-twelve-month revenue fell 14.3% year on year, with a free-cash-flow margin of -0.9%. Where it stands out: days sales outstanding of 21 days ranks 23 of 125 materials companies we cover. Where it lags: revenue growth of -14.3% ranks 154 of 170 materials companies we cover.

Our discounted-cash-flow model values the business at ~$75 per share in the base case (~$56–$100 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -14.3% (-1.4pp vs the prior quarter), the 6th consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Louisiana-pacific Corp's latest figures clears our strength thresholds.

Things to watch

  • Revenue shrinking. Revenue fell 14.3% over the last 12 months.
  • Margins narrowing. Operating margin is down 10.6 points on a year ago.
  • Burning cash. Free cash flow was -0.9% of revenue over the last 12 months.
  • High earnings multiple. The shares trade at 98 times the last 12 months' earnings, so expectations are demanding.
  • Gross margin slipping. Gross margin is down 7.3 points on a year ago.
  • Weak cash conversion. Free cash flow was -39% of net income over the last 12 months.

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$0.40 against an average estimate of $0.57: missed by 29.7%
Revenue
$664m, down 12.1% on a year earlier
Share reaction
-1.2% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Guidance given
siding Net Sales Year-Over-Year Growth $460m to $470m (Third Quarter 2026); siding Net Sales Year-Over-Year Growth $1.65bn to $1.67bn (Full Year 2026)
Next report
November 3, 2026; average EPS estimate $0.21

Louisiana-pacific's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.1%
  • 1 week+4.9%
  • 1 month+16.1%
  • This year-5.3%
  • 1 year-11.9%
  • 5 years+20.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.5B
Operating margin
3.0%
Net margin
2.2%
EPS (TTM, diluted)
$0.77

Growth

Revenue growth
−14.3%
Change in growth rate
−1.4 pts
Share count change
+0.0%

Cash

Free cash flow (TTM)
-$21M
FCF margin
-0.9%

Earnings

Last results
November 3, 2026
Next results (est.)
February 16, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Results
  4. Guidance
  5. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Louisiana-pacific Corp valuation models and calculator

What the price is pricing in

The share price implies about 4.5% a year of cash-flow growth for five years.That is faster than the -8.8% a year revenue growth Louisiana-pacific has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in4.5%
  • Last 12 months-14.3%
  • 3 years a year-3.6%
  • 5 years a year-8.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($73.97, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$75
Price used
$73.97close November 3, 2026
Implied change
▲ +2%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Louisiana-pacific Corp's free cash flow after stock-based pay with after-tax interest added back ($276M, FY2026 Q2 TTM), growing 5.5% and 6.1% in the next two years (forecasts, guidance and its record), then back to 4% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$56–~$100 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Louisiana-pacific Corp's free cash flow after stock-based pay ( $276M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Louisiana-pacific Corp as an operating company, with every model that fits that kind of business. Cost of equity 9.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.98 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$75 ~$56–$100 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$27 ~$22–$57 Left out: far from the other models (more than 3x away from their median)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$130 ~$95–$170 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$100 ~$90–$120 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$95 ~$75–$130 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Louisiana-pacific Corp with Materials sector in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $55$75$102$138$184$244
8.5% $42$57$76$101$134$177
10% $34$45$60$80$105$137

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$15.67$16.47$22.85$19.71$26.88$34.40$73.37$56.22$68.33$101.08$79.80$75.58
Market value$2.2bn$2.4bn$3.3bn$2.8bn$3.3bn$3.9bn$7.2bn$4.4bn$4.9bn$7.2bn$5.6bn$5.3bn
+ Net debt (− = net cash)$323m−$277m−$548m−$522m$170m−$184m−$8m−$19m$128m$10m$58m$120m
Enterprise value$2.6bn$2.1bn$2.8bn$2.3bn$3.5bn$3.7bn$7.2bn$4.4bn$5.0bn$7.2bn$5.6bn$5.4bn
Multiples
Price / sales 1.2x1.1x1.2x1.0x1.4x1.6x1.8x1.1x1.9x2.4x2.1x2.1x
Price / earnings —16.0x8.6x7.2x—7.7x5.2x4.0x27.6x17.1x38.3x98.0x
Price / free cash flow —11.0x10.3x9.6x—6.6x5.8x6.0xn/m17.0x61.4x—
EV / EBITDA —9.9x4.3x3.6x35.5x5.1x3.9x3.2x12.4x11.0x15.9x23.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

55 /100

Moderate moat

How hard Louisiana-pacific's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 21.7% of total assets over 9 years.

  • Pricing power 2 / 20

    Gross margin has been a median 25.4%, moving by 11.9 percentage points (standard deviation) across 9 years.

  • Durability 5 / 20

    Operating margin has been a median 13.9%; its worst year was 1.4%.

  • Cash conversion 13 / 20

    Free cash flow was positive in 8 of 10 years, at a median 10.5% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 35.0% over five years; stock-based pay has been a median 0.5% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (60 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, before the open. Analysts expect revenue of $671m and EPS of $0.21 (range $0.04 to $0.35) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.08 −59% $2.5bn −8%
Next $2.86 +164% $2.7bn +10%

Next year's EPS estimate has moved −19.9% in 90 days, across 14 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −38.9% on 90 days ago. In the last 30 days, 1 analyst raised Louisiana-pacific Corp's forecast and 0 cut it.

Consensus EPS forecast Louisiana-pacific Corp, last 90 days
$0.00 $1.00 $2.00 $3.00 $4.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.77 Current fiscal year, 60 days ago: $1.08 Current fiscal year, 30 days ago: $1.08 Current fiscal year, 7 days ago: $1.05 Current fiscal year, Now: $1.08 $1.08 Next fiscal year, 90 days ago: $3.57 Next fiscal year, 60 days ago: $3.03 Next fiscal year, 30 days ago: $3.04 Next fiscal year, 7 days ago: $2.96 Next fiscal year, Now: $2.86 $2.86

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.77$3.57
60 days ago $1.08$3.03
30 days ago $1.08$3.04
7 days ago $1.05$2.96
Now $1.08$2.86

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.57 $0.40 −29.7%
Mar 2026 $0.15 $0.38 +146.9%
Dec 2025 −$0.02 $0.03 +279.5%
Sept 2025 $0.38 $0.36 −5.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • Siding Adjusted EBITDA Margin Full Year 2026 25% to 26% Non-GAAP Maintained
    “Siding Adjusted EBITDA (2) $110-120 million (~25% margin (2)(3) ) $410-425 million (25-26% margin (2)(3) )” source
  • Siding Adjusted EBITDA Margin Third Quarter 2026 about 25% Non-GAAP
    “Siding Adjusted EBITDA (2) $110-120 million (~25% margin (2)(3) ) $410-425 million (25-26% margin (2)(3) )” source
  • Siding Net Sales Year-Over-Year Growth Full Year 2026 $1.65bn to $1.67bn Maintained
    “Siding Net Sales Year-Over-Year Growth $460-470 million (~5% growth) $1.65-1.67 billion (~1% decline)” source
  • Siding Adjusted EBITDA Full Year 2026 $410m to $425m Non-GAAP Maintained
    “Siding Adjusted EBITDA (2) $110-120 million (~25% margin (2)(3) ) $410-425 million (25-26% margin (2)(3) )” source
  • OSB Adjusted EBITDA Full Year 2026 about $-120m Non-GAAP
    “OSB Adjusted EBITDA (2)(4) $(45) million $(120) million” source
  • Consolidated Adjusted EBITDA Full Year 2026 $255m to $270m Non-GAAP
    “Consolidated Adjusted EBITDA (2)(4)(5) $50-60 million $255-270 million” source
Show 7 more items
  • Capital Expenditures Full Year 2026 about $320m
    “Capital Expenditures (6) ~$320 million” source
  • Capital Expenditures - Strategic Growth Full Year 2026 about $140m
    “Capital expenditures related to strategic growth and sustaining maintenance projects are expected to be approximately $140 million and $180 million, respectively, for full year 2026.” source
  • Capital Expenditures - Sustaining Maintenance Full Year 2026 about $180m
    “Capital expenditures related to strategic growth and sustaining maintenance projects are expected to be approximately $140 million and $180 million, respectively, for full year 2026.” source
  • Siding Net Sales Year-Over-Year Growth Third Quarter 2026 $460m to $470m
    “Siding Net Sales Year-Over-Year Growth $460-470 million (~5% growth) $1.65-1.67 billion (~1% decline)” source
  • Siding Adjusted EBITDA Third Quarter 2026 $110m to $120m Non-GAAP
    “Siding Adjusted EBITDA (2) $110-120 million (~25% margin (2)(3) ) $410-425 million (25-26% margin (2)(3) )” source
  • OSB Adjusted EBITDA Third Quarter 2026 about $-45m Non-GAAP
    “OSB Adjusted EBITDA (2)(4) $(45) million $(120) million” source
  • Consolidated Adjusted EBITDA Third Quarter 2026 $50m to $60m Non-GAAP
    “Consolidated Adjusted EBITDA (2)(4)(5) $50-60 million $255-270 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Louisiana-pacific Corp's revenue by +5.5% next year and +6.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+6.2%, weight 69%) and the company's own record (+4.0%, weight 31%) . How the weights are set.

Analyst recommendations

14 analysts, Oct 2026
Buy1286%
Hold17%
Sell17%

Monthly trend

  1. Oct 20262101114
  2. Sep 20262101114
  3. Aug 2026291113
  4. Jul 2026291113

Counts of recommendations published by analysts covering Louisiana-pacific Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
13.0%
of tradable shares
Days to cover
7.7
at average volume
Short interest, 1 month
+10%
to October 15, 2026
Held by institutions
98%
of shares
Held by insiders
9.5%
of shares
Employees
4,300
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −11.9%

$85.76 on October 31, 2025 to $75.58

ThenNowEffect
Revenue (last 12 months) $2.9bn $2.5bn −14.3%
Net margin 10.3% 2.2% −78.8%
P/E multiple 20.2x 98.0x +384.7%
Share count 70m 70m 0.0%

Biggest factor: p/e multiple.

Last 3 years +32.9%

$56.86 on November 3, 2023 to $75.58

ThenNowEffect
Revenue (last 12 months) $2.8bn $2.5bn −10.3%
Net margin 0.5% 2.2% +330.1%
P/E multiple n/m 98.0x −66.6%
Share count 72m 70m +3.2%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
LPX+113%−23%+22%+48%−21%−5%
Industry peers (median)——————
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
LPX67%50%50%50%33%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
LPX−30%−38%−36%−15%−36%−34%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 59% from February 14, 2020 to April 3, 2020. Getting back needed a 147% gain, reached on August 28, 2020, 147 days after the low.

Price behaviour

52-week range
$64.55 – $97.40
From 52-week high
−22.4%
vs 50-day average
+10.4%
vs 200-day average
+1.2%
Volatility (1 year)
42%
Beta vs S&P 500
1.09

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 5 down
typical move ±6.6%
After a week
7 up, 4 down
typical move ±8.2%
After a month
6 up, 5 down
typical move ±10.9%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 −1.2% −0.4% −4.1% −11.5%
May 6, 2026 +8.2% +1.1% +0.7% +1.7%
February 17, 2026 −7.9% +0.7% −8.9% −19.4%
November 5, 2025 −9.5% −0.7% −8.7% −0.9%
August 6, 2025 −2.5% +0.7% +8.2% +4.6%
May 6, 2025 +2.5% −0.4% +7.3% +6.0%
February 19, 2025 −10.7% −0.2% −11.4% −17.1%
November 5, 2024 +6.9% +3.7% +11.5% +18.9%
August 7, 2024 +1.9% +1.6% +0.1% −1.7%
May 8, 2024 +19.2% +0.6% +26.1% +23.7%
February 14, 2024 +2.0% +1.6% +2.9% +14.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Louisiana-pacific Corp’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade D (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Louisiana-pacific Corp in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Louisiana-pacific Corp
$2.4B $2.6B $2.8B $3B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $2.6B Revenue (TTM), FY23 Q4: $2.6B Revenue (TTM), FY24 Q1: $2.7B Revenue (TTM), FY24 Q2: $2.9B Revenue (TTM), FY24 Q3: $2.9B Revenue (TTM), FY24 Q4: $2.9B Revenue (TTM), FY25 Q1: $2.9B Revenue (TTM), FY25 Q2: $2.9B Revenue (TTM), FY25 Q3: $2.8B Revenue (TTM), FY25 Q4: $2.7B Revenue (TTM), FY26 Q1: $2.6B Revenue (TTM), FY26 Q2: $2.5B $2.5B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $2.6B
FY23 Q4 $2.6B
FY24 Q1 $2.7B
FY24 Q2 $2.9B
FY24 Q3 $2.9B
FY24 Q4 $2.9B
FY25 Q1 $2.9B
FY25 Q2 $2.9B
FY25 Q3 $2.8B
FY25 Q4 $2.7B
FY26 Q1 $2.6B
FY26 Q2 $2.5B
Revenue growth, TTM YoY Louisiana-pacific Corp
-40% -20% 0% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -34.0% Revenue growth, TTM YoY, FY23 Q4: -33.0% Revenue growth, TTM YoY, FY24 Q1: -16.8% Revenue growth, TTM YoY, FY24 Q2: 6.3% Revenue growth, TTM YoY, FY24 Q3: 11.0% Revenue growth, TTM YoY, FY24 Q4: 13.9% Revenue growth, TTM YoY, FY25 Q1: 8.0% Revenue growth, TTM YoY, FY25 Q2: -1.5% Revenue growth, TTM YoY, FY25 Q3: -3.3% Revenue growth, TTM YoY, FY25 Q4: -7.9% Revenue growth, TTM YoY, FY26 Q1: -13.0% Revenue growth, TTM YoY, FY26 Q2: -14.3% -14.3%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -34.0%
FY23 Q4 -33.0%
FY24 Q1 -16.8%
FY24 Q2 6.3%
FY24 Q3 11.0%
FY24 Q4 13.9%
FY25 Q1 8.0%
FY25 Q2 -1.5%
FY25 Q3 -3.3%
FY25 Q4 -7.9%
FY26 Q1 -13.0%
FY26 Q2 -14.3%
Operating margin (TTM) Louisiana-pacific Corp
0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 9.8% Operating margin (TTM), FY23 Q4: 11.2% Operating margin (TTM), FY24 Q1: 14.8% Operating margin (TTM), FY24 Q2: 20.1% Operating margin (TTM), FY24 Q3: 18.6% Operating margin (TTM), FY24 Q4: 18.0% Operating margin (TTM), FY25 Q1: 17.2% Operating margin (TTM), FY25 Q2: 13.6% Operating margin (TTM), FY25 Q3: 10.4% Operating margin (TTM), FY25 Q4: 7.7% Operating margin (TTM), FY26 Q1: 4.8% Operating margin (TTM), FY26 Q2: 3.0% 3.0%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 9.8%
FY23 Q4 11.2%
FY24 Q1 14.8%
FY24 Q2 20.1%
FY24 Q3 18.6%
FY24 Q4 18.0%
FY25 Q1 17.2%
FY25 Q2 13.6%
FY25 Q3 10.4%
FY25 Q4 7.7%
FY26 Q1 4.8%
FY26 Q2 3.0%
FCF margin (TTM) Louisiana-pacific Corp
-10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -6.5% FCF margin (TTM), FY23 Q4: 0.6% FCF margin (TTM), FY24 Q1: 11.5% FCF margin (TTM), FY24 Q2: 16.2% FCF margin (TTM), FY24 Q3: 16.2% FCF margin (TTM), FY24 Q4: 14.4% FCF margin (TTM), FY25 Q1: 12.2% FCF margin (TTM), FY25 Q2: 9.6% FCF margin (TTM), FY25 Q3: 5.0% FCF margin (TTM), FY25 Q4: 3.4% FCF margin (TTM), FY26 Q1: -0.3% FCF margin (TTM), FY26 Q2: -0.9% -0.9%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -6.5%
FY23 Q4 0.6%
FY24 Q1 11.5%
FY24 Q2 16.2%
FY24 Q3 16.2%
FY24 Q4 14.4%
FY25 Q1 12.2%
FY25 Q2 9.6%
FY25 Q3 5.0%
FY25 Q4 3.4%
FY26 Q1 -0.3%
FY26 Q2 -0.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Louisiana-pacific took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $2.7B
  2. Cost of revenue $2.1B · 78.2%
  3. Gross profit $589M · 21.8%
  4. Selling, general and admin $329M · 12.1%
  5. Other operating costs $51M · 1.9%
  6. Operating income $209M · 7.7%
  7. Income tax $50M · 1.8%
  8. Net income $146M · 5.4%

Shares of revenue. Source: Louisiana-pacific's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 1,061 1,384 1,329 1,691 2,085 1,935 1,893 2,233 2,734 2,828 2,310 2,399 3,915 3,854 2,581 2,941 2,708 2,468
Gross profit 62 196 106 308 448 177 210 404 736 744 303 833 1,963 1,498 593 832 589 445
EBITDA — — −146 104 204 −78 −63 213 656 642 98 717 1,848 1,379 406 656 354 226
Operating income −133 −8 −146 104 203 −78 −63 210 533 526 −20 615 1,734 1,250 287 530 209 74
Net income −121 −39 −181 29 177 −75 −88 150 390 395 −5 499 1,377 1,086 178 420 146 54
Diluted EPS −$1.11 −$0.30 −$1.36 $0.20 $1.23 −$0.53 −$0.62 $1.03 $2.66 $2.73 −$0.04 $4.46 $14.09 $13.87 $2.46 $5.89 $2.08 $0.77
Growth (year on year)
Revenue — +30.4% −4.0% +27.3% +23.3% −7.2% −2.2% +18.0% +22.4% +3.4% −18.3% +3.9% +63.2% −1.6% −33.0% +13.9% −7.9% −14.3%
EBITDA — — — — +96.2% −138.0% — — +207.4% −2.1% −84.7% +631.6% +157.7% −25.4% −70.6% +61.6% −46.0% −57.0%
Operating income — — — — +94.6% −138.3% — — +153.6% −1.3% −103.8% — +182.0% −27.9% −77.0% +84.7% −60.6% −81.1%
Net income — — — — — −142.6% — — +160.3% +1.3% −101.3% — +176.0% −21.1% −83.6% +136.0% −65.2% −81.8%
Diluted EPS — — — — — −143.1% — — +158.3% +2.6% −101.5% — +215.9% −1.6% −82.3% +139.4% −64.7% −81.8%
Margins
Gross margin 5.8% 14.1% 8.0% 18.2% 21.5% 9.1% 11.1% 18.1% 26.9% 26.3% 13.1% 34.7% 50.1% 38.9% 23.0% 28.3% 21.8% 18.0%
EBITDA margin — — −11.0% 6.2% 9.8% −4.0% −3.3% 9.6% 24.0% 22.7% 4.2% 29.9% 47.2% 35.8% 15.7% 22.3% 13.1% 9.2%
Operating margin −12.6% −0.5% −11.0% 6.2% 9.7% −4.0% −3.3% 9.4% 19.5% 18.6% −0.9% 25.6% 44.3% 32.4% 11.1% 18.0% 7.7% 3.0%
Net margin −11.4% −2.8% −13.6% 1.7% 8.5% −3.9% −4.7% 6.7% 14.3% 14.0% −0.2% 20.8% 35.2% 28.2% 6.9% 14.3% 5.4% 2.2%
Free-cash-flow margin 4.8% 2.4% −4.6% 4.8% 8.0% −6.9% −4.5% 9.7% 11.9% 10.5% −0.2% 24.5% 31.4% 18.9% 0.6% 14.3% 3.4% −0.9%
Cash flow
Cash from operations 61 48 −40 112 243 −53 29 342 474 511 159 659 1,484 1,144 316 605 382 258
Capital spending 10 15 21 31 76 80 114 125 149 214 163 71 254 414 300 183 291 279
Free cash flow 51 33 −62 81 167 −133 −85 218 325 297 −4 588 1,230 730 16 422 91 −21
Stock-based pay 7 9 8 8 9 9 9 13 10 9 — — — — 13 20 30 —
Free cash flow after stock pay 44 25 −69 72 158 −142 −94 205 315 288 — — — — 3 402 61 —
Balance sheet
Cash 394 389 340 561 657 533 435 659 928 878 181 535 358 369 222 340 292 228
Total debt 0 715 729 881 765 762 758 382 380 356 351 351 350 350 350 350 350 348
Net debt (negative = net cash) −394 325 389 320 108 229 323 −277 −548 −522 170 −184 −8 −19 128 10 58 120
Diluted shares 109m 129m 133m 143m 144m 141m 142m 145m 146m 144m 123m 112m 98m 78m 72m 71m 70m 70m
Returned to shareholders
Dividends — — — — — — — 0 0 74 65 65 66 69 69 74 78 —
Buybacks — — — — — — — 0 0 212 638 200 1,300 900 0 212 61 0
Total returned — — — — — — — 0 0 286 703 265 1,366 969 69 286 139 0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 7 checks passed · June 30, 2026
What it owns · $2.6bn
Short-term assets $773mLonger-term assets $1.8bn
What it owes, and who funded it · $2.6bn
Short-term liabilities $240mLonger-term liabilities $623mShareholders' equity $1.7bn
  • Short-term assets cover short-term liabilities $773m of assets due within a year against $240m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $773m short-term assets against $623m of longer-dated liabilities.
  • More cash than debt $228m of cash against $348m of debt.
  • Debt below 40% of shareholders' equity Debt is 20% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 28% to 20% over five years.
  • A year's operating cash flow covers at least 20% of debt $258m of operating cash flow against $348m of debt.
  • Operating profit covers interest at least five times over Operating income of $74m against $18m of interest.

From Louisiana-pacific Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$0
Buybacks, last 3 fiscal years
$273M
Diluted share count
0.0%
year over year
Total shareholder yield
0.0%
dividends 0.0% + buybacks 0.0% of market value
Sales & admin spending
13.5%
of revenue
Days sales outstanding
21 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in forest products
Last 12 months unless stated LPX WFG BCC NWGL Median
Revenue, last 12 months $2.5bn $5.5bn $6.6bn $15m $4.0bn
Revenue growth, last 12 months −14.3% −11.5% 1.2% −10.7% −11.1%
Revenue growth, 3-year average −3.6% — −1.1% — −2.4%
Revenue growth, latest quarter −12.1% — 8.1% — −2.0%
Gross margin 18.0% 23.4% — 9.6% 18.0%
Operating margin 3.0% −21.7% 2.8% — 2.8%
Operating margin, 3-year average 12.2% — 4.8% — 8.5%
Net margin 2.2% −17.2% 1.8% −40.2% −7.7%
Cash from operations / revenue 10.5% 1.8% 4.2% −6.2% 3.0%
Free-cash-flow margin −0.9% −5.8% 2.0% −6.6% −3.3%
Free-cash-flow margin, 3-year average 8.3% — 1.6% — 5.0%
Stock pay / revenue 0.4% — 0.2% — 0.3%
Change in share count 0.0% −2.4% −5.9% — −2.4%

Median of all 4 companies we cover in forest products. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

171 materials companies
Measure Company Peer median Rank
Revenue growth Growth -14.3% 8.3% 154 of 170
Change in growth rate Growth -1.4pp +2.4pp 128 of 168
Gross margin Profitability 18.0% 26.1% 103 of 151
Operating margin Profitability 3.0% 7.0% 83 of 140
Net margin Profitability 2.2% 3.8% 92 of 170
Free-cash-flow margin Cash generation -0.9% 5.0% 123 of 167
Long-term debt as % of assets Balance sheet 13.3% 22.8% 46 of 147
Change in share count Balance sheet 0.0% 0.4% 62 of 161
Days sales outstanding Balance sheet 21 days 45 days 23 of 125

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue YoY
United States $2.4B ▼ 6.9%
Canada $669M ▼ 0.9%
South America $202M ▼ 5.6%

These categories overlap or exclude eliminations, so shares aren't shown.

From Louisiana-pacific Corp's 10-K filed February 17, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$5.8B
Institutions reporting
419
Shares held vs prior quarter
▲ 5.4%
Positions opened / closed
56 / 52

Top buyers and sellers, Q2 2026: 220 institutions bought and 167 sold ; the biggest buyer was 59 North Capital Management, LP (+945K shares) and the biggest seller Eminence Capital, LP (−2.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $507M 6.4M 8.7% ▲ 3.3%
Berkshire Hathaway Inc $446M 5.7M 7.7% 0.0%
59 North Capital Management, LP $331M 4.2M 5.7% ▲ 29.0%
FMR LLC $261M 3.3M 4.5% ▲ 23.3%
Price T Rowe Associates Inc $252M 3.2M 4.3% ▼ 26.0%
Vanguard Portfolio Management LLC $230M 2.9M 4.0% ▼ 4.5%
Vanguard Capital Management LLC $224M 2.8M 3.8% ▲ 0.9%
State Street Corp $181M 2.3M 3.1% ▲ 4.0%
Dimensional Fund Advisors LP $161M 2.0M 2.8% ▲ 24.4%
Capital World Investors $139M 1.8M 2.4% ▲ 53.7%
Citadel Advisors LLC $138M 1.8M 2.4% ▲ 79.1%
Fiduciary Management Inc $138M 1.8M 2.4% ▲ 38.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Louisiana-pacific Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $2M 2 trades by 2 insiders, last 12 months Insider sales History → $15.3M 28 trades by 2 insiders · 99% under pre-set plans
Net ▼ $13.4M net selling
Insider Date Trade Shares Price Value
Bruce Lizanne M Director June 15, 2026 Sell 1,141 $78.21 $89,238
Bruce Lizanne M Director March 10, 2026 Sell 1,300 $78.59 $102,167
Grasberger F Nicholas Iii Director February 19, 2026 Buy 20,000 $85.49 $1.7M
Southern William Bradley Chief Executive Officer February 18, 2026 Sell pre-set plan 5,581 $86.87 $484,821
Southern William Bradley Chief Executive Officer February 18, 2026 Sell pre-set plan 707 $89.61 $63,354
Southern William Bradley Chief Executive Officer February 18, 2026 Sell pre-set plan 3,286 $88.84 $291,928
Southern William Bradley Chief Executive Officer February 18, 2026 Sell pre-set plan 4,592 $88.05 $404,326
Southern William Bradley Chief Executive Officer February 17, 2026 Sell pre-set plan 1,320 $90.12 $118,958
Southern William Bradley Chief Executive Officer February 17, 2026 Sell pre-set plan 293 $87.02 $25,497
Southern William Bradley Chief Executive Officer February 17, 2026 Sell pre-set plan 3,230 $88.61 $286,210
Southern William Bradley Chief Executive Officer February 17, 2026 Sell pre-set plan 9,323 $89.48 $834,222
Southern William Bradley Chief Executive Officer February 3, 2026 Sell pre-set plan 65 $91.46 $5,945

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 6 trades and filings

No trades in Louisiana-pacific Corp disclosed in the last 12 months; 6 earlier trades on record.

  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 31, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded October 30, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 30, 2025, filed November 21, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 16, 2027 estimated from the company's past filing pattern, not announced

  • November 3, 2026
  • August 5, 2026
  • May 6, 2026
  • February 17, 2026
  • November 5, 2025
  • August 6, 2025

Recent SEC filings

Data status

When each part of this page on Louisiana-pacific Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Louisiana-pacific Corp in brief

What does Louisiana-pacific Corp do?
Louisiana-pacific Corp is a US-listed company in the forest products industry. Its financial year ends in December.
What is Louisiana-pacific Corp's stock ticker?
Louisiana-pacific Corp trades under the ticker LPX on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Louisiana-pacific Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Louisiana-pacific Corp reported revenue of $2.5B, 14.3% lower than a year earlier, according to its SEC filings.
What is Louisiana-pacific Corp's free cash flow?
Louisiana-pacific Corp's free-cash-flow margin is -0.9% of revenue over the trailing twelve months, ranking 123 of the 167 materials companies we cover.
What is Louisiana-pacific Corp's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Louisiana-pacific Corp's free cash flow after stock-based pay gives ~$75 per share in the base case, and ~$56–$100 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Louisiana-pacific Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Berkshire Hathaway Inc and 59 North Capital Management, LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Louisiana-pacific Corp buying back stock, and does it pay a dividend?
Louisiana-pacific Corp spent $0 on share repurchases over the trailing twelve months, and its diluted share count fell 0.0% over the year.
What is Louisiana-pacific Corp's market cap?
On November 2, 2026, Louisiana-pacific Corp's market capitalisation was about $5.3B, with a price-to-earnings ratio of 98.0 and net debt of $120M. Market figures come from third-party market data and may be delayed.
How much debt does Louisiana-pacific Corp have?
Louisiana-pacific Corp's debt-to-equity ratio is 20.0%, from its latest balance sheet (28.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are Louisiana-pacific Corp's competitors?
In our Forest Products peer group, the companies closest to Louisiana-pacific Corp are West Fraser Timber Co., LTD, Boise Cascade Co and CL Workshop Group Ltd. The side-by-side comparison below sets their revenue, margins and growth against Louisiana-pacific Corp's.
Are insiders buying or selling Louisiana-pacific Corp stock?
Over the last 12 months, Louisiana-pacific Corp's directors and officers reported 2 open-market purchases and 28 sales on Form 4. The insider trading page charts every trade.
When is Louisiana-pacific Corp's next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Louisiana-pacific Corp announces its own schedule.