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How Louisiana-Pacific (LPX) makes money
Louisiana-Pacific (LPX) made $691M of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Siding brought in $473M (68%); OSB brought in $180M (26%); Other brought in $38.0M (5%). Of every dollar of revenue, 16¢ was left as gross profit, 4¢ was left as operating profit, 3¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Siding | $473M | 68.5% | +7% | +7% |
| OSB | $180M | 26.0% | -1% | +0.6% |
| Other | $38.0M | 5.5% | -7% | -7% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $691M | 100.0% |
| Cost of revenue | $577M | 83.5% |
| Gross profit | $114M | 16.5% |
| Operating expenses | $85.0M | 12.3% |
| Operating profit | $29.0M | 4.2% |
| Income tax | $9.0M | 1.3% |
| Net earnings | $23.0M | 3.3% |
| Operating cash flow | $112M | 16.2% |
| Free cash flow | $56.0M | 8.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $691M | +4% |
| Q2 2026 | $664M | -12% |
| Q1 2026 | $574M | -21% |
| Q4 2025 | $567M | -17% |
| Q3 2025 | $663M | -8% |
| Q2 2025 | $755M | -7% |
| Q1 2025 | $724M | 0% |
From Louisiana-Pacific's 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does Louisiana-Pacific make money?
Louisiana-Pacific (LPX) made $691M of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Siding brought in $473M (68%); OSB brought in $180M (26%); Other brought in $38.0M (5%). Of every dollar of revenue, 16¢ was left as gross profit, 4¢ was left as operating profit, 3¢ was left as net earnings.
What is Louisiana-Pacific's biggest business?
Siding: $473M in the third quarter 2026, 68% of revenue, +7% from a year earlier.
What is Louisiana-Pacific's profit margin?
Net earnings were $23.0M, 3.3% of revenue, in the third quarter 2026; the operating margin was 4.2%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.