LOUISIANA-PACIFIC CORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data LOUISIANA-PACIFIC CORP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	2,233	2,734	2,828	2,310	2,399	3,915	3,854	2,581	2,941	2,708
Cost of revenue	1,829	1,998	2,084	2,007	1,566	1,952	2,355	1,988	2,110	2,119
Gross profit	404	736	744	303	833	1,963	1,498	593	832	589
Selling, general and administrative	185	191	209	230	195	223	264	257	291	329
Operating income	210	533	526	-20	615	1,734	1,250	287	530	209
Interest expense	32.1	20	19	18	17	15	14	17	14	17
Interest income	8	9.5	18.1	9	2	1	14	18	22	16
Other non-operating income	-45.3	-23	-2	-3	4	-22	-97	-43	9	-15
Pre-tax income	170	510	521	-23	605	1,704	1,159	252	560	196
Income tax	19.8	119	122	-13	121	402	274	74	140	50
Income from continuing operations		391	399	-5	487	1,306	888	178	420
Net income to minority interests		0	0	-5	-2	-4	-3	0	0
Net income	150	390	395	-5	499	1,377	1,086	178	420	146
EBITDA	213	656	642	98	717	1,848	1,379	406	656	354
EPS, basic	1.04	2.70	2.76	-0.04	4.48	14.19	13.94	2.47	5.91	2.09
EPS, diluted	1.03	2.66	2.73	-0.04	4.46	14.09	13.87	2.46	5.89	2.08
Shares, basic (weighted)	143	144	143	123	111	97	78	72	71	70
Shares, diluted (weighted)	145	146	144	123	112	98	78	72	71	70
Dividend per share			0.13	0.14	0.15		0.22	0.24	0.26	0.28

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	659	928	878	181	535	358	369	222	340	292
Receivables	108	143	128	164	184	169	127	155	131	127
Inventory	235	259	273	265	259	278	337	378	357	363
Other current assets	6.1	7.8	8	9	15	17	20	23	27	28
Total current assets	1,008	1,360	1,287	619	993	890	854	778	855	809
Property, plant and equipment	891	926	1,010	965	918	1,039	1,326	1,540	1,579	1,709
Lease right-of-use assets			0	44	40	50	44	25	25	23
Goodwill	9.7	16	16	30	25	19	19	19	19	19
Intangible assets		55	51	61	55	49	45	32	30
Other non-current assets	22.4	56.8	62	69	24	25	24	20	20	25
Total assets	2,031	2,449	2,514	1,835	2,086	2,194	2,350	2,437	2,556	2,627
Accounts payable	89.9	112	116	242	268	304	317	254	139	129
Accrued liabilities	19.3	24.2	30	34	44	45
Short-term debt	2.6	25.1	5	0	0	0	0	0	0	0
Total current liabilities	229	270	262	244	286	351	336	259	299	291
Long-term debt	374	351	347	348	348	346	346	347	348	348
Lease liabilities			0	36	32	44	41	25	24	22
Other non-current liabilities	192	178	134	125	86	63	53	61	43	33
Total liabilities	836	844	814	834	842	955	916	880	885	896
Total debt	377	376	352	348	348	346	346	347	348	348
Paid-in capital	478	471	458	454	452	458	462	465	478	508
Retained earnings	890	1,280	1,613	966	1,206	1,239	1,371	1,479	1,615	1,621
Treasury stock	-189	-178	-378	-406	-397	-390	-388	-386	-386	-385
Other comprehensive income	-137	-122	-146	-153	-151	-174	-99	-89	-122	-98
Shareholders' equity	1,196	1,605	1,700	991	1,234	1,235	1,433	1,557	1,671	1,731
Total equity	1,196	1,605	1,700	991	1,234	1,235	1,433	1,557	1,671	1,731
Total liabilities and equity	2,031	2,449	2,514	1,835	2,086	2,194	2,350	2,437	2,556	2,627
Shares outstanding	143	143	137	112	106	85.6	71.7	72	70	70

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	150	390	395	-10	497	1,373	1,083	178	420	146
Depreciation and amortization	3.2	123	116	118	102	114	129	119	126	145
Stock-based compensation	13	9.7	8.6					13	20	30
Deferred income tax	-55.4	1	27	10	2	7	1	44	-4	24
Change in receivables	-8.9	-35	3	-21	-53	-14	22	-8	3	9
Change in inventory	-11	-23	-2	3	-12	-71	-66	-46	9	-18
Change in payables	53.8	23	-21	-4	30	46	15	-40	23	-2
Cash from operations	342	474	511	159	659	1,484	1,144	316	605	382
Capital expenditures	-125	-149	-214	-163	-71	-254	-414	-300	-183	-291
Acquisitions	0	-21	0	30	0	0	0	-80	0	0
Cash from investing	285	-199	-238	-137	-49	-247	-146	-376	-183	-291
Debt issued	350	0	0
Debt repaid	-743	-3	-25	-5	-350	-359	0	-80	0	0
Stock issued	-0.1	-0.4
Share buybacks	0	0	-212	-638	-200	-1,300	-900	0	-212	-61
Dividends paid	0	0	-74	-65	-65	-66	-69	-69	-74	-78
Cash from financing	-407	-9	-317	-717	-272	-1,388	-982	-77	-292	-141
Exchange rate effect	3.1	3	-5	-2	2	-14	-5	-24	-12	1
Net change in cash	224	269	-49	-697	340	-164	12	-161	118	-48
Free cash flow	218	325	297	-4	588	1,230	730	16	422	91
Interest paid	27.2	17.5	19.8
Income taxes paid	8.7	-143	90	20	70	421	320	65	124	42

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $66.70 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	18.0%	Gross profit / revenue.
Operating margin	3.0%	Operating income / revenue.
Pre-tax margin	3.1%	Pre-tax income / revenue.
Net margin	2.2%	Net income / revenue.
FCF margin	-0.9%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	10.5%	Cash from operations / revenue.
Effective tax rate	28.6%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	3.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	2.1%	Net income / average total assets.
Return on invested capital (ROIC)	2.8%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	13.5%	Selling, general and administrative expense / revenue.
Capex / revenue	11.3%	Capital expenditures / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-7.9%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-11.1%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	2.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-29.2%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-26.7%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	-6.7%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-60.6%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-44.9%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	-19.4%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-46.0%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-36.4%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	-13.2%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-65.2%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-48.8%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-21.8%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-64.7%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-46.9%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-14.1%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-36.9%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-30.6%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-10.3%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-78.4%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-50.0%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-31.1%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	7.7%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	8.4%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	14.1%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	3.6%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	6.5%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	7.0%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	2.8%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	3.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	4.7%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-1.4%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-3.5%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-9.0%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	3.22x	Current assets / current liabilities.
Quick ratio	1.55x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.95x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.20x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	13.3%	Total debt / total assets.
Liabilities / assets	33.1%	Total liabilities / total assets.
Net debt	$120.0M	Total debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage	4.11x	Operating income / interest expense.
Working capital	$533.0M	Current assets - current liabilities.
Goodwill and intangibles / assets	0.7%	(Goodwill + intangible assets) / total assets.
Tangible book value	$1.73B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.95x	Revenue / average total assets.
Fixed asset turnover	1.43x	Revenue / average property, plant and equipment.
Inventory turnover	5.43x	Cost of revenue / average inventory.
Days inventory	67 days	365 x average inventory / cost of revenue.
Receivables turnover	17.3x	Revenue / average receivables.
Days sales outstanding	21 days	365 x average receivables / revenue.
Days payables	22 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	66 days	Days inventory + days sales outstanding - days payables.
FCF conversion	-38.9%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	108.1%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.77	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$35.24	Revenue / diluted weighted shares.
FCF per share	-$0.30	Free cash flow / diluted weighted shares.
Operating cash flow per share	$3.69	Cash from operations / diluted weighted shares.
Book value per share	$24.91	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$24.64	Tangible book value / shares outstanding.
Cash per share	$3.26	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$4.66B	Share price x shares outstanding.
Enterprise value	$4.78B	Market cap + total debt - cash - short-term investments.
P/E	86.4x	Market cap / net income. Only when net income is positive.
P/S	1.89x	Market cap / revenue.
P/B	2.67x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.70x	Market cap / tangible book value, when positive.
P/OCF	18.1x	Market cap / cash from operations, when positive.
EV/Sales	1.94x	Enterprise value / revenue.
EV/EBIT	64.6x	Enterprise value / operating income, when both are positive.
FCF yield	-0.5%	Free cash flow / market cap.
Earnings yield	1.2%	Net income / market cap (the inverse of P/E).
Shareholder yield	0.0%	(Dividends paid + share buybacks) / market cap.

What was LOUISIANA-PACIFIC CORP's revenue in fiscal 2025?

LOUISIANA-PACIFIC CORP reported revenue of $2.71B for fiscal 2025, 7.9% lower than the year before.

Was LOUISIANA-PACIFIC CORP profitable in fiscal 2025?

Yes. Net income was $146.0M, a net margin of 5.4%.

How much free cash flow did LOUISIANA-PACIFIC CORP generate in fiscal 2025?

Cash from operations of $382.0M minus capital expenditures of $291.0M left free cash flow of $91.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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