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Louisiana-Pacific vs Trex: LPX and TREX compared
Louisiana-Pacific is the larger company: $691M of revenue in its latest quarter (Q3 2026) against $360M for Trex (Q3 2026). Trex is growing faster (+26% against +4% a year earlier). Trex is more profitable, with an operating margin of 20.2% against 4.2%.
Where the money goes: LPX and TREX
Louisiana-Pacific (LPX) · Q3 2026
Louisiana-Pacific, Q3 2026: revenue $691M (+4% year over year), operating margin 4.2%, net earnings $23.0M, operating cash flow $112M. The chart follows the revenue to costs, profit and cash.
Trex (TREX) · Q3 2026
Trex, Q3 2026: revenue $360M (+26% year over year), operating margin 20.2%, net earnings $52.5M, operating cash flow $153M. The chart follows the revenue to costs, profit and cash.
| Louisiana-Pacific (LPX) | Trex (TREX) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $691M | $360M |
| Revenue growth, Y/Y | +4% | +26% |
| Gross margin | 16.5% | 36.0% |
| Operating margin | 4.2% | 20.2% |
| Net earnings | $23.0M | $52.5M |
| Net margin | 3.3% | 14.6% |
| Operating cash flow | $112M | $153M |
| Free cash flow | $56.0M | $135M |
| Market value | $5.3B | $5.6B |
| P/E | 77.7× | 31.6× |
| Analysts’ mean target | $88.36 | $59.58 |
Where the revenue comes from
Louisiana-Pacific
- Siding: $473M (68%)
- OSB: $180M (26%)
- Other: $38.0M (5%)
Questions
Which is bigger, Louisiana-Pacific or Trex?
Louisiana-Pacific is the larger company: $691M of revenue in its latest quarter (Q3 2026) against $360M for Trex (Q3 2026).
Is Louisiana-Pacific or Trex growing faster?
Trex is growing faster (+26% against +4% a year earlier).
Which is more profitable, Louisiana-Pacific or Trex?
Trex is more profitable, with an operating margin of 20.2% against 4.2%.
More: Louisiana-Pacific earnings · how Louisiana-Pacific makes money · Trex earnings · how Trex makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.