The company maintains a robust liquidity position with a current ratio of 3.26 and a conservative debt-to-equity ratio of 0.21, providing a buffer against cyclical volatility.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Total Current Assets | 760M | 810M | 855M | 778M | 854M | 890M | 993M | 619M | 1.29B | 1.36B | 1.02B | 769.1M | 950.3M | 1.03B | 995.6M | 656.8M | 713.6M | 841.6M | 502.7M | 1.08B | 1.5B | 1.8B | 1.6B | 1.33B | 491.3M | 493.1M | 654.1M | 739.4M | 612.1M | 596.8M | 579.2M |
| Cash & Short-Term Investments | 164M | 292M | 340M | 222M | 369M | 358M | 535M | 181M | 878.4M | 928M | 659.3M | 434.7M | 532.7M | 656.8M | 560.9M | 340M | 389.3M | 394.1M | 119.1M | 532.2M | 1.06B | 1.32B | 1.15B | 925.9M | 137.3M | 61.6M | 38.1M | 116M | 126.5M | 31.9M | 27.8M |
| Cash Only | 164M | 292M | 340M | 222M | 369M | 358M | 535M | 181M | 878.4M | 928M | 659.3M | 434.7M | 532.7M | 656.8M | 560.9M | 340M | 389.3M | 394.1M | 97.7M | 352.1M | 265.7M | 607.6M | 544.7M | 925.9M | 137.3M | 61.6M | 38.1M | 116M | 126.5M | 31.9M | 27.8M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21.4M | 180.1M | 797M | 717.3M | 608.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 155M | 127M | 132M | 155M | 128M | 169M | 184M | 164M | 127.6M | 142.5M | 108.3M | 96.4M | 108.4M | 78.1M | 174.1M | 78.6M | 85.5M | 227.7M | 158M | 317.5M | 157.4M | 217.6M | 185.5M | 136.1M | 99.3M | 153M | 221.1M | 200.7M | 178.6M | 224.2M | 102.5M |
| Days Sales Outstanding | 21.68 | 17.12 | 16.38 | 21.92 | 12.12 | 15.76 | 28 | 25.91 | 16.47 | 19.02 | 17.7 | 18.59 | 20.45 | 13.67 | 37.04 | 21.14 | 22.56 | 78.8 | 41.91 | 67.97 | 25.7 | 30.56 | 23.76 | 21.6 | 18.66 | 23.67 | 27.52 | 25.45 | 28.38 | 34.06 | 15.05 |
| Inventory | 416M | 363M | 358M | 378M | 336M | 277M | 259M | 265M | 273M | 259.1M | 234.6M | 222M | 229.8M | 224.4M | 209.8M | 163.6M | 151.9M | 140.4M | 190.4M | 212.1M | 221.6M | 240.3M | 203.5M | 177.5M | 163.5M | 181M | 327.5M | 293.4M | 205.7M | 258.8M | 264.3M |
| Days Inventory Outstanding | 66.97 | 62.53 | 61.93 | 69.4 | 52.08 | 51.8 | 60.37 | 48.19 | 47.81 | 50.25 | 49.67 | 48.15 | 47.72 | 50.04 | 54.58 | 47.99 | 46.67 | 51.53 | 49.47 | 46.42 | 44.28 | 49.18 | 42.65 | 42.33 | 36.84 | 31.13 | 50.6 | 51.48 | 40.5 | 44.17 | 45.43 |
| Other Current Assets | 25M | 28M | 25M | 23M | 21M | 68M | 0 | 0 | 0 | 0 | 0 | 9M | 54.4M | 67.2M | 29.9M | 68.9M | 81.3M | 70.5M | 59.7M | 80.9M | 53M | 0 | 46.3M | 74.5M | 79.9M | 73.6M | 67.4M | 129.3M | 101.3M | 81.9M | 184.6M |
| Total Non-Current Assets | 1.82B | 1.82B | 1.71B | 1.66B | 1.5B | 1.3B | 1.09B | 1.22B | 1.23B | 1.09B | 1.02B | 1.41B | 1.4B | 1.46B | 1.35B | 1.48B | 1.7B | 1.78B | 1.65B | 2.15B | 1.93B | 1.8B | 1.85B | 1.88B | 2.29B | 2.52B | 2.72B | 2.75B | 1.91B | 1.98B | 2.01B |
| Property, Plant & Equipment | 1.74B | 1.73B | 1.62B | 1.56B | 1.37B | 1.09B | 958M | 1.01B | 1.01B | 926.1M | 891.4M | 862.4M | 850.7M | 886.8M | 765.7M | 782.2M | 917.1M | 964.5M | 1.04B | 1.14B | 850.4M | 876.2M | 848.5M | 884.9M | 848.3M | 1.05B | 1.9B | 1.95B | 1.41B | 1.19B | 1.28B |
| Fixed Asset Turnover | 1.50x | 1.56x | 1.82x | 1.65x | 2.81x | 3.59x | 2.50x | 2.29x | 2.80x | 2.95x | 2.51x | 2.19x | 2.27x | 2.35x | 2.24x | 1.73x | 1.51x | 1.09x | 1.32x | 1.49x | 2.63x | 2.97x | 3.36x | 2.60x | 2.29x | 2.24x | 1.54x | 1.48x | 1.63x | 2.02x | 1.94x |
| Goodwill | 21M | 19M | 19M | 19M | 19M | 19M | 25M | 0 | 16M | 16.1M | 9.7M | 9.7M | 9.7M | 9.7M | 0 | 0 | 0 | 0 | 0 | 273.5M | 273.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 16M | 30M | 32M | 45M | 49M | 56M | 50M | 10M | 10.6M | 53.5M | 53.1M | 67.1M | 71.6M | 40.1M | 1.4M | 2.2M | 3M | 4.1M | 0 | 3.4M | 280.9M | 280.4M | 286.7M | 306.6M | 281.9M | 326.3M | 347.7M | 60M | 70.7M | 0 |
| Long-Term Investments | 70M | 17M | 17M | 5M | 6M | 7M | 11M | 10M | 49M | 7.8M | 6.2M | 7.7M | 5M | 6.9M | 70.6M | 79.8M | 125.4M | 164.8M | 206.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 37M | 25M | 26M | 27M | 50M | 137M | 42M | 146M | 138M | 125.8M | 111.3M | 522.6M | 532.5M | 555.7M | 509M | 615.7M | 646.4M | 641.7M | 396.4M | 739M | 808.5M | 643.7M | 717.6M | 707.7M | 1.13B | 1.19B | 494.9M | 456M | 434.7M | 719.1M | 731M |
| Total Assets | 2.58B | 2.63B | 2.57B | 2.44B | 2.35B | 2.19B | 2.09B | 1.83B | 2.51B | 2.45B | 2.03B | 2.18B | 2.35B | 2.49B | 2.33B | 2.16B | 2.41B | 2.25B | 2.19B | 3.23B | 3.44B | 3.6B | 3.45B | 3.2B | 2.77B | 3.02B | 3.37B | 3.49B | 2.52B | 2.58B | 2.59B |
| Asset Turnover | 0.97x | 1.03x | 1.14x | 1.06x | 1.64x | 1.78x | 1.15x | 1.26x | 1.12x | 1.12x | 1.10x | 0.87x | 0.82x | 0.84x | 0.74x | 0.63x | 0.57x | 0.47x | 0.63x | 0.53x | 0.65x | 0.72x | 0.83x | 0.72x | 0.70x | 0.78x | 0.87x | 0.83x | 0.91x | 0.93x | 0.96x |
| Asset Growth % | 10.54% | 2.26% | 5.42% | 3.7% | 7.11% | 5.18% | 13.68% | -27.01% | 2.68% | 20.54% | -6.67% | -7.53% | -5.61% | 6.96% | 8.1% | -10.55% | 7.13% | 2.81% | -32.22% | -6.03% | -4.49% | 4.27% | 7.68% | 15.55% | -8.08% | -10.61% | -3.25% | 38.47% | -2.3% | -0.4% | -7.72% |
| Total Current Liabilities | 233M | 291M | 312M | 274M | 343M | 360M | 295M | 281M | 302M | 270.1M | 228.8M | 143M | 172.7M | 166.2M | 239.3M | 139.5M | 135M | 307.1M | 165.9M | 488.6M | 264.9M | 346.1M | 440M | 302.6M | 266.4M | 306.7M | 378.2M | 540.7M | 366.6M | 319.3M | 344.7M |
| Accounts Payable | 0 | 129M | 139M | 141M | 178M | 180M | 125M | 127M | 116M | 88.8M | 89.9M | 53M | 80.3M | 76.7M | 71.1M | 58.6M | 53.8M | 47.7M | 42.1M | 144.5M | 157.3M | 245.5M | 250M | 251.3M | 211.1M | 249M | 303.8M | 306.5M | 127.3M | 234.4M | 190.6M |
| Days Payables Outstanding | 18.28 | 22.22 | 24.05 | 25.89 | 27.59 | 33.66 | 29.13 | 23.1 | 20.32 | 17.22 | 19.03 | 11.5 | 16.67 | 17.1 | 18.5 | 17.19 | 16.53 | 17.51 | 10.94 | 31.63 | 31.43 | 50.25 | 52.39 | 59.92 | 47.57 | 42.83 | 46.93 | 53.78 | 25.06 | 40 | 32.76 |
| Short-Term Debt | 0 | 9M | 0 | 0 | 0 | 0 | 0 | 0 | 5M | 25.1M | 2.6M | 2.1M | 2.4M | 2.3M | 97.8M | 13.2M | 200K | 174.1M | 29.7M | 246.3M | 400K | 88.6M | 178M | 8.3M | 35.3M | 37.7M | 39.4M | 44.9M | 34.1M | 44.9M | 54.1M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 233M | 64M | 13M | 15M | 7M | 43M | 10M | 39M | 42M | 12.4M | 12.4M | 7.3M | 14M | 14M | 14M | 16M | 36.3M | 43M | 4.7M | 20.2M | -77.7M | 12M | 12M | 43M | 20M | 20M | 35M | 189.3M | 205.2M | 40M | 100M |
| Current Ratio | 3.26x | 2.78x | 2.74x | 2.84x | 2.49x | 2.47x | 3.37x | 2.20x | 4.26x | 5.03x | 4.44x | 5.38x | 5.50x | 6.22x | 4.16x | 4.71x | 5.29x | 2.74x | 3.03x | 2.20x | 5.68x | 5.19x | 3.65x | 4.38x | 1.84x | 1.61x | 1.73x | 1.37x | 1.67x | 1.87x | 1.68x |
| Quick Ratio | 1.48x | 1.54x | 1.59x | 1.46x | 1.51x | 1.70x | 2.49x | 1.26x | 3.36x | 4.07x | 3.42x | 3.83x | 4.17x | 4.87x | 3.28x | 3.54x | 4.16x | 2.28x | 1.88x | 1.77x | 4.84x | 4.50x | 3.18x | 3.79x | 1.23x | 1.02x | 0.86x | 0.82x | 1.11x | 1.06x | 0.91x |
| Cash Conversion Cycle | 70.37 | 57.42 | 54.27 | 65.43 | 36.61 | 33.89 | 59.23 | 51.01 | 43.97 | 52.05 | 48.33 | 55.25 | 51.49 | 46.61 | 73.12 | 51.94 | 52.7 | 112.82 | 80.44 | 82.77 | 38.55 | 29.5 | 14.02 | 4 | 7.93 | 11.97 | 31.18 | 23.15 | 43.82 | 38.23 | 27.72 |
| Total Non-Current Liabilities | 617M | 604M | 586M | 606M | 573M | 595M | 547M | 553M | 512M | 573.9M | 606.7M | 1.02B | 1.06B | 1.1B | 1.06B | 999.5M | 1.03B | 1.04B | 840.5M | 921.2M | 1.1B | 1.21B | 1.24B | 1.59B | 1.51B | 1.63B | 1.7B | 1.59B | 929.7M | 972.9M | 816.4M |
| Long-Term Debt | 369M | 370M | 348M | 347M | 346M | 346M | 348M | 347M | 347M | 350.8M | 374.4M | 751.8M | 754.8M | 762.7M | 782.7M | 715.9M | 714.5M | 706.3M | 472.6M | 485.8M | 644.6M | 734.8M | 622.5M | 1.02B | 1.08B | 1.15B | 1.18B | 1.01B | 459.8M | 572.3M | 458.6M |
| Capital Lease Obligations | 66M | 22M | 24M | 25M | 41M | 44M | 33M | 37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 680M | 177M | 145M | 162M | 113M | 86M | 78M | 73M | 62.2M | 33.4M | 27.7M | 99.5M | 139.5M | 188.7M | 93.6M | 111.9M | 164.8M | 167.1M | 187.9M | 340M | 363.9M | 377M | 517.5M | 407.7M | 216.1M | 235.6M | 334M | 396.3M | 203.6M | 178.6M | 163.2M |
| Other Non-Current Liabilities | 59M | 35M | 69M | 72M | 73M | 119M | 88M | 96M | 103M | 189.7M | 204.6M | 165M | 166M | 149.4M | 181.6M | 177.6M | 155.7M | 168M | 180M | 95.4M | 95.6M | 97.2M | 102.8M | 162.5M | 214.3M | 149.1M | 126.6M | 176.4M | 266.3M | 222M | 194.6M |
| Total Liabilities | 850M | 895M | 898M | 880M | 916M | 955M | 842M | 834M | 813.9M | 844M | 835.5M | 1.16B | 1.24B | 1.27B | 1.3B | 1.14B | 1.17B | 979.6M | 987.7M | 1.41B | 1.37B | 1.56B | 1.68B | 1.89B | 1.77B | 1.94B | 2.08B | 2.13B | 1.3B | 1.29B | 1.16B |
| Total Debt | 369M | 401M | 380M | 378M | 395M | 397M | 389M | 392M | 352M | 375.9M | 377M | 753.9M | 757.2M | 765M | 880.5M | 729.1M | 714.7M | 880.4M | 512.3M | 732.1M | 648M | 823.4M | 800.5M | 1.03B | 1.11B | 1.19B | 1.22B | 1.06B | 493.9M | 617.2M | 512.7M |
| Net Debt | 205M | 109M | 40M | 156M | 26M | 39M | -146M | 211M | -526M | -552.1M | -282.3M | 319.2M | 224.5M | 108.2M | 319.6M | 389.1M | 325.4M | 486.3M | 414.6M | 380M | 382.3M | 215.8M | 255.8M | 103.1M | 975M | 1.13B | 1.19B | 943.7M | 367.4M | 585.3M | 484.9M |
| Debt / Equity | 0.21x | 0.23x | 0.23x | 0.24x | 0.28x | 0.32x | 0.31x | 0.39x | 0.21x | 0.23x | 0.32x | 0.74x | 0.68x | 0.62x | 0.85x | 0.72x | 0.58x | 0.69x | 0.43x | 0.40x | 0.31x | 0.40x | 0.45x | 0.78x | 1.11x | 1.10x | 0.94x | 0.78x | 0.40x | 0.48x | 0.36x |
| Debt / EBITDA | 1.50x | 0.99x | 0.58x | 0.93x | 0.29x | 0.21x | 0.54x | 3.81x | 0.54x | 0.58x | 1.19x | 19.53x | 32.78x | 2.60x | 4.86x | - | 9.61x | - | - | - | 2.72x | 1.25x | 0.89x | 1.45x | 5.48x | - | 3.65x | 1.83x | 1.90x | 6.47x | 2.30x |
| Net Debt / EBITDA | 0.83x | 0.27x | 0.06x | 0.38x | 0.02x | 0.02x | -0.20x | 2.05x | -0.81x | -0.85x | -0.89x | 8.27x | 9.72x | 0.37x | 1.76x | - | 4.37x | - | - | - | 1.60x | 0.33x | 0.29x | 0.14x | 4.81x | - | 3.53x | 1.63x | 1.41x | 6.14x | 2.18x |
| Interest Coverage | 11.67x | 14.93x | 38.14x | 18.64x | 111.82x | 124.50x | 34.00x | -0.35x | 34.11x | 27.44x | 6.10x | -2.06x | -2.52x | 6.70x | 1.68x | -2.38x | 0.20x | -1.37x | -14.34x | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 1.73B | 1.73B | 1.67B | 1.56B | 1.43B | 1.24B | 1.24B | 1B | 1.7B | 1.6B | 1.2B | 1.02B | 1.12B | 1.23B | 1.03B | 1.01B | 1.24B | 1.27B | 1.2B | 1.82B | 2.07B | 2.04B | 1.77B | 1.31B | 1.01B | 1.08B | 1.3B | 1.36B | 1.22B | 1.29B | 1.43B |
| Equity Growth % | 15.22% | 3.59% | 7.32% | 8.58% | 15.74% | -0.4% | 24.28% | -41.12% | 5.96% | 34.19% | 17.57% | -8.85% | -9.01% | 18.62% | 2.19% | -18.46% | -2.36% | 5.8% | -33.99% | -11.99% | 1.2% | 15.56% | 34.85% | 30.31% | -6.93% | -16.55% | -4.76% | 11.22% | -4.93% | -9.9% | -13.79% |
| Book Value per Share | 24.71 | 24.73 | 23.54 | 21.63 | 18.38 | 12.64 | 11.11 | 8.14 | 11.77 | 10.99 | 8.23 | 7.14 | 7.91 | 8.50 | 7.25 | 7.59 | 9.61 | 11.72 | 11.67 | 17.55 | 19.60 | 18.62 | 16.13 | 12.31 | 9.62 | 10.35 | 12.44 | 12.81 | 11.26 | 11.88 | 13.30 |
| Total Shareholders' Equity | 1.73B | 1.73B | 1.67B | 1.56B | 1.43B | 1.24B | 1.23B | 991M | 1.7B | 1.6B | 1.2B | 1.02B | 1.12B | 1.23B | 1.03B | 1.01B | 1.22B | 1.25B | 1.18B | 1.82B | 2.07B | 2.04B | 1.77B | 1.31B | 1.01B | 1.08B | 1.3B | 1.36B | 1.22B | 1.29B | 1.43B |
| Common Stock | 85M | 85M | 86M | 88M | 88M | 102M | 124M | 130M | 153.4M | 153.4M | 153.4M | 153M | 152.8M | 152M | 150.4M | 149.8M | 144.8M | 139.7M | 116.9M | 116.9M | 116.9M | 116.9M | 116.9M | 116.9M | 117M | 117M | 117M | 117M | 0 | 0 | 0 |
| Retained Earnings | 1.63B | 1.62B | 1.61B | 1.48B | 1.37B | 1.24B | 1.21B | 966M | 1.61B | 1.28B | 890.3M | 724.2M | 812.3M | 887.7M | 710.6M | 692.4M | 863.1M | 898.1M | 1.02B | 1.63B | 1.87B | 1.81B | 1.41B | 1.02B | 745.6M | 807.6M | 1B | 1.08B | 918.8M | 977.5M | 1.14B |
| Treasury Stock | 0 | -385M | -386M | -386M | -388M | -390M | -397M | -406M | -377.6M | -177.5M | -189M | -210.6M | -225M | -232.2M | -252.9M | -274.4M | -279.9M | -286.1M | -297.3M | -302M | -284M | -257M | -127.4M | -195.2M | -230.2M | -230.6M | -235.1M | -228.3M | -204M | 0 | 0 |
| Accumulated OCI | -103M | -98M | -122M | -89M | -99M | -174M | -151M | -153M | -146.4M | -122.1M | -137.2M | -146.1M | -131.3M | -89.2M | -107.9M | -106.2M | -69.6M | -64.6M | -98.1M | -64.5M | -71.5M | -62.2M | -67.9M | -71.2M | -73.1M | -53.9M | -31.2M | -50.5M | -1.17B | -1.24B | -1.21B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 4M | 10M | 10M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22.8M | 21.1M | 18.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cyclical OSB Price Volatility
According to recent balance sheet disclosures, LPX has maintained a remarkably consistent total asset base of approximately $2.6 billion over the last ten quarters, suggesting that despite cyclical revenue volatility, the company has successfully preserved its core productive capacity through disciplined asset management and strategic capital allocation.
The stability in total assets, despite significant fluctuations in the broader housing market, indicates that management has avoided aggressive expansion or premature divestment during the current cycle. This consistency suggests a defensive posture that prioritizes long-term operational readiness over short-term balance sheet optimization.
As reported in financial statements, LPX maintains a highly conservative debt-to-equity ratio of 0.21 as of 2026Q1, which provides the company with a significant buffer against cyclical downturns and ensures that interest obligations remain manageable even as operating cash flows face persistent downward pressure from commodity price weakness.
The company's minimal reliance on external debt financing appears to be a deliberate strategy to mitigate the inherent risks of its cyclical OSB business. This low leverage profile grants management substantial optionality to pursue capacity expansion or share repurchases without the immediate threat of liquidity distress.
Based on the latest quarterly data, LPX reports a current ratio of 3.26, indicating that the company possesses a substantial liquidity cushion to navigate the current period of revenue contraction and negative operating cash flow without needing to access expensive or dilutive external financing sources in the near term.
The high current ratio reflects a strong working capital position that serves as a critical shock absorber during periods of volatile demand. Investors should monitor whether this liquidity is deployed toward further siding capacity investments or if it is held as a defensive reserve until housing market conditions improve.
As indicated by the company's financial filings, net property, plant, and equipment (PPE) accounts for approximately $1.7 billion of the total $2.6 billion asset base, underscoring the capital-intensive nature of LPX's manufacturing operations and the high fixed-cost burden inherent in its engineered wood and OSB production facilities.
The concentration of value in PPE highlights the company's reliance on large-scale manufacturing efficiency to drive margins. This asset-heavy structure implies that any sustained decline in capacity utilization could lead to significant margin erosion, necessitating careful management of mill turnarounds and production volumes.
Quick answers to the most common questions about buying LPX stock.
As of 2025, Louisiana-Pacific Corporation (LPX) had total assets of $2.63B including $810.0M in current assets.
Louisiana-Pacific Corporation (LPX) carries total debt of $401.0M, offset by $292.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Louisiana-Pacific Corporation (LPX) has total shareholders' equity (book value) of $1.73B ($24.73 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Louisiana-Pacific Corporation (LPX) reported a current ratio of 2.78x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.