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Makes engineered wood building products — oriented strand board (OSB) and siding — for homebuilders and repair/remodel.
Makes engineered wood building products — oriented strand board (OSB) and siding — for homebuilders and repair/remodel.
Sells OSB, a structural wood panel, at prices that swing with housing demand and mill supply, so it is the main swing factor in profit, while siding under the SmartSide name sells at steadier, branded prices to dealers and builders. Over recent years it has deliberately grown the siding side to rely less on OSB's cycle.
Moat: narrow (scale, brand). Manufacturing scale and the SmartSide siding brand give cost and product differentiation versus commodity OSB competitors.
Headquarters: Nashville, Tennessee, US · Founded: 1972 · Employees: 4,300
Size Louisiana-Pacific (LPX) is a United States Materials company (Forest Products) with a market value of $5.27B, the 1150th largest of 3,117 United States companies the cockpit tracks. Shares closed at $75.36 on 6 Nov 2026.
Performance Over six months the shares gained 0.3%, against -7.5% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 7 in its peer set.
Growth Revenue fell 11.6% over the last twelve months (peer median +0.6%); the operating margin is 4.7% (peer median 6.6%).
Valuation It trades at 34.9× forward earnings against a peer median of 16.5× (most expensive of 5).
Price implies For today's price to make sense, revenue must grow about 39% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +40 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 7.7 points below its cost of capital (12.7% WACC).
Short interest Short interest is 12.9% of the free float (15 Oct 2026).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.50B | $2.71B | $2.94B | $2.58B | $3.85B |
| Revenue growth | — | -8% | +14% | -33% | — |
| Gross profit | $430M | $585M | $828M | $596M | $1.50B |
| EBITDA | $270M | $405M | $666M | $462M | $1.37B |
| Net income | $67.0M | $146M | $420M | $178M | $928M |
| Free cash flow | $30.0M | $91.0M | $422M | -$64.0M | $730M |
| Capital expenditure | $251M | $291M | $183M | $380M | $414M |
| Total debt | $377M | $379M | $380M | $378M | $395M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Louisiana-Pacific LPX | $5.27B | 0% | -12% | 5% | 34.9× | 39.1% |
| West Fraser Timber WFG | $5.17B | +10% | -10% | -11% | n/a | n/a |
| Weyerhaeuser WY | $15.1B | -10% | -1% | 6% | 86.1× | n/a |
| James Hardie Industries JHX | $16.2B | +33% | +43% | 14% | 21.0× | 26.1% |
| Boise Cascade BCC | $2.44B | -1% | +1% | 3% | 24.1× | 7.7% |
| UFP Industries UFPI | $4.41B | -5% | -1% | 5% | 17.7× | 9.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LPX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.8% | +5.3% | 2nd highest of 7 |
| 6-month return | +0.3% | -7.5% | 3rd highest of 7 |
| Distance from 52-week high | -24.9% | -29.3% | 3rd highest of 7 |
| Revenue growth (TTM) | -11.6% | +0.6% | 2nd lowest of 7 |
| Operating margin | 4.7% | 6.6% | 4th highest of 7 |
| Forward P/E | 34.9× | 16.5× | most expensive of 5 |
| Growth the price implies (Req g, 7 yrs) | 39.1% | 9.9% | most demanding of 6 |
| Growth delivered (Del g) | -0.6% | +5.9% | lowest of 6 |
| Hurdle (Req g minus delivered) | +39.6 pp | +5.7 pp | most demanding of 6 |
| ROIC minus cost of capital | -7.7 pp | +1.1 pp | 3rd lowest of 7 |
| EV / EBITDA | 19.9× | 8.9× | most expensive of 4 |
| Net debt / EBITDA | 0.4× | 0.6× | 2nd least indebted of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Louisiana-Pacific LPX | United States | $5.27B | 0% | -12% | 5% | 34.9× | 39.1% | -0.6% |
| West Fraser Timber WFG.TO | Canada | $5.35B | +12% | -8% | -11% | n/a | n/a | n/a |
| Trex TREX | United States | $5.58B | +36% | +9% | 19% | 26.9× | 21.1% | +5.9% |
| UFP Industries UFPI | United States | $4.41B | -5% | -1% | 5% | 17.7× | 9.9% | +4.2% |
| Stella-Jones SJ.TO | Canada | $2.56B | -12% | +2% | 13% | 11.8× | -9.1% | +6.5% |
| Zhongfu Straits (Pingtan) Development 000592.SZ | China | $1.93B | -38% | -29% | -37% | n/a | 25.3% | +1.5% |
| Dehua TB New Decoration Material 002043.SZ | China | $1.60B | -10% | +4% | 9% | 15.2× | -1.3% | +6.6% |