LPX

MKT CAP:$5B

Louisiana-Pacific Corporation

Market Cap

$5B

Basic Materials·Paper, Lumber & Forest Products·🇺🇸 United States·NYSE

Materials·Paper,·🇺🇸·NYSE

Stock Price

$71.12-$10.61 (-12.98%)

Apr 21, 2026

Company Details

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: S...

CEO

Jason Ringblom

IPO Date

Mar 17, 1980

Website

www.lpcorp.com

Key Metrics TTM

Revenue

$2.9B

-14.4% YoY

Net Income

$315M

EPS (Diluted)

$4.44

Free Cash Flow

$201M

Revenue / Share

$41.19

Gross Margin

26.0%

Operating Margin

14.6%

Net Margin

10.9%

FCF Margin

7.0%

P/S

1.8x

P/E

16.4x

Earnings Reports

Q3 2025

May 6, 2026

PENDING

FY 2025

Feb 17, 2026

$2.7B-7.9%EPS $2.08

Q2 2025

Aug 6, 2025

$755MEPS $0.77

Q1 2025

May 6, 2025

$724M+0.0%EPS $1.30

FY 2024

Feb 19, 2025

$2.9B+13.9%EPS $5.89

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 18	$811M	$261M	$215M
Q3 18	$737M	$213M	$168M
Q4 18	$589M	$94M	$16M
Q1 20	$585M	$108M	$44M
Q3 20	$795M	$292M	$242M
Q4 20	$860M	$351M	$297M
Q1 21	$894M	$467M	$424M
Q1 22	$1.2B	$620M	$556M
Q2 22	$1.1B	$519M	$462M
Q3 22	$852M	$232M	$172M
Q3 23	$728M	$214M	$161M
Q4 23	$658M	$160M	$89M
Q1 24	$724M	$213M	$145M
Q4 24	$680M	$161M	$75M
Q1 25	$724M	$198M	$120M
Q2 25	$755M	$178M	$80M

Valuation

Quarter	P/S	P/E
Q2 18	1.8x	10.5x
Q3 18	1.8x	10.2x
Q4 18	1.8x	13.1x
Q1 20	1.9x	15.3x
Q3 20	1.9x	14.7x
Q4 20	1.8x	10.7x
Q1 21	1.6x	6.6x
Q1 22	1.4x	4.2x
Q2 22	1.3x	3.6x
Q3 22	1.3x	3.7x
Q3 23	1.3x	4.3x
Q4 23	1.5x	6.6x
Q1 24	1.7x	10.1x
Q4 24	1.9x	14.9x
Q1 25	1.9x	16.2x
Q2 25	1.8x	16.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 18	$237M	$193M
Q3 18	$151M	$88M
Q4 18	$91M	$28M
Q1 20	-$9M	-$33M
Q3 20	$218M	$204M
Q4 20	$321M	$297M
Q1 21	$314M	$280M
Q1 22	$425M	$333M
Q2 22	$483M	$379M
Q3 22	$195M	$109M
Q3 23	$187M	$139M
Q4 23	$159M	$95M
Q1 24	$105M	$64M
Q4 24	$105M	$43M
Q1 25	$64M	$0
Q2 25	$162M	$94M

Capital Expenditures

Quarter	CapEx
Q2 18	$44M
Q3 18	$63M
Q4 18	$64M
Q1 20	$24M
Q3 20	$14M
Q4 20	$24M
Q1 21	$34M
Q1 22	$92M
Q2 22	$104M
Q3 22	$86M
Q3 23	$48M
Q4 23	$64M
Q1 24	$41M
Q4 24	$62M
Q1 25	$64M
Q2 25	$68M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 18	+16.8%	+6.2%
Q3 18	+2.6%	+1.8%
Q4 18	-17.1%	+3.8%
Q1 20	-15.4%	-4.1%
Q3 20	-1.9%	-7.2%
Q4 20	+16.7%	-1.1%
Q1 21	+51.8%	-17.9%
Q1 22	+99.5%	+12.9%
Q2 22	+42.1%	+20.8%
Q3 22	-0.9%	+20.8%
Q3 23	-18.6%	+20.6%
Q4 23	-43.6%	-6.9%
Q1 24	-35.9%	-13.3%
Q4 24	-20.2%	-11.0%
Q1 25	-0.5%	+6.5%
Q2 25	+14.7%	+18.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 18	$3M	0.4%
Q3 18	$2M	0.3%
Q4 18	$2M	0.3%
Q1 20	$0	0.0%
Q3 20	$0	0.0%
Q4 20	$0	0.0%
Q1 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q2 18	—	$50M	—	—
Q3 18	—	$51M	—	—
Q4 18	—	$57M	—	—
Q1 20	—	$56M	—	—
Q3 20	—	$52M	—	—
Q4 20	$1M	$34M	$20M	—
Q1 22	—	$63M	—	—
Q3 22	—	—	—	$68M
Q3 23	—	$58M	—	—
Q4 23	$8M	$41M	$25M	—
Q4 24	$1M	$39M	$37M	—
Q2 25	—	—	—	$79M

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$624M	$0	$624M
Q2 22	$503M	$0	$503M
Q3 22	$469M	$0	$469M
Q4 22	$369M	$0	$369M
Q1 23	$126M	$0	$126M
Q2 23	$71M	$0	$71M
Q3 23	$160M	$0	$160M
Q4 23	$222M	$0	$222M
Q1 24	$244M	$0	$244M
Q2 24	$317M	$0	$317M
Q3 24	$346M	$0	$346M
Q4 24	$340M	$0	$340M
Q1 25	$256M	$0	$256M
Q2 25	$333M	$0	$333M
Q3 25	$316M	$0	$316M
Q4 25	$292M	$0	$292M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 18	146M	-0.5%	0.0%
Q3 18	144M	-1.6%	-1.8%
Q4 18	141M	-1.9%	-2.5%
Q1 20	113M	-19.9%	-23.1%
Q3 20	113M	0.0%	-22.7%
Q4 20	109M	-3.5%	-24.3%
Q1 21	107M	-1.8%	-24.2%
Q1 22	86M	-19.6%	-23.9%
Q2 22	81M	-5.8%	-28.3%
Q3 22	74M	-8.6%	-32.1%
Q3 23	72M	-2.7%	-32.7%
Q4 23	72M	0.0%	-16.3%
Q1 24	72M	0.0%	-11.1%
Q4 24	70M	-2.8%	-5.4%
Q1 25	70M	0.0%	-2.8%
Q2 25	70M	0.0%	-2.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 18	$162.2K	5K
Q3 18	$147.4K	5K
Q4 18	$120.2K	5K
Q1 20	$121.9K	5K
Q3 20	$165.6K	5K
Q4 20	$191.1K	5K
Q1 21	$198.7K	5K
Q1 22	$243.1K	5K
Q2 22	$235.4K	5K
Q3 22	$177.5K	5K
Q3 23	$169.3K	4K
Q4 23	$160.5K	4K
Q1 24	$176.6K	4K
Q4 24	$158.1K	4K
Q1 25	$168.4K	4K
Q2 25	$175.6K	4K

Revenue / Employee