Filing Flows › Louisiana-Pacific (LPX) › Q3 2026 › vs Q3 2025
Louisiana-Pacific (LPX) Q3 2026 vs Q3 2025 (year over year)
Louisiana-Pacific's revenue rose $28.0M (+4%) from $663M in Q3 2025 to $691M in Q3 2026. The biggest changes: Siding +$30.0M (+7%); Other −$3.0M (-7%); OSB +$1.0M (+0.6%). Gross margin 16.5% against 19.5% (-3.0 pts).
Louisiana-Pacific, Q3 2026: revenue $691M (+4% year over year), operating margin 4.2%, net earnings $23.0M, operating cash flow $112M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 16.5% | 19.5% | -3.0 pts |
| Operating margin | 4.2% | 2.7% | +1.5 pts |
| Net margin | 3.3% | 1.4% | +2.0 pts |
| Free cash flow margin | 8.1% | 0.8% | +7.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Siding | $473M | $443M | $30.0M | +7% |
| OSB | $180M | $179M | $1.0M | +0.6% |
| Other | $38.0M | $41.0M | −$3.0M | -7% |
| Revenue | $691M | $663M | $28.0M | +4% |
| Gross profit | $114M | $129M | −$15.0M | -12% |
| Cost of revenue | $577M | $534M | $43.0M | +8% |
| Other income, net | $3.0M | $0 | $3.0M | — |
| Operating profit | $29.0M | $18.0M | $11.0M | +61% |
| Operating expenses | $85.0M | $111M | −$26.0M | -23% |
| Pre-tax earnings | $32.0M | $18.0M | $14.0M | +78% |
| SG&A | $76.0M | $95.0M | −$19.0M | -20% |
| Other operating costs | $9.0M | $16.0M | −$7.0M | -44% |
| Net earnings | $23.0M | $9.0M | $14.0M | +156% |
| Income tax | $9.0M | $9.0M | $0 | 0% |
| Depreciation & amortization | $38.0M | $36.0M | $2.0M | +6% |
| Working capital & other | $51.0M | $44.0M | $7.0M | +16% |
| Operating cash flow | $112M | $89.0M | $23.0M | +26% |
| Free cash flow (OCF − capex) | $56.0M | $5.0M | $51.0M | 11× |
| Capital expenditures | $56.0M | $84.0M | −$28.0M | -33% |
Questions
How much did Louisiana-Pacific's revenue grow year over year in Q3 2026?
Louisiana-Pacific's revenue rose $28.0M (+4%) from $663M in Q3 2025 to $691M in Q3 2026.
What drove Louisiana-Pacific's revenue change in Q3 2026?
Siding +$30.0M (+7%); Other −$3.0M (-7%); OSB +$1.0M (+0.6%).