Louisiana-Pacific Corporation
LPX Industrials Building Products & Equipment
Louisiana-Pacific Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.7 billion, down 7.92% from fiscal 2024. In the quarter to June 2026, revenue fell 12.1%, EPS fell 50.7%, free cash flow fell 13.8% and total debt was flat, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.
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Louisiana-Pacific Corporation (LPX) Altman Z-score
Louisiana-Pacific Corporation's Altman Z-score for fiscal 2025 is 6.18, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 6.18 | (1.79) |
| FY2024 | 7.97 | 1.94 |
| FY2023 | 6.03 | (1.47) |
| FY2022 | 7.50 | (2.73) |
| FY2021 | 10.23 | 3.99 |
| FY2020 | 6.24 | 1.45 |
| FY2019 | 4.80 | (0.75) |
| FY2018 | 5.54 | (0.24) |
| FY2017 | 5.79 | 1.32 |
| FY2016 | 4.46 | 1.55 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.20 | — | 0.24 | |
| Retained earnings / total assets | 0.62 | — | 0.86 | |
| EBIT / total assets | 0.08 | — | 0.26 | |
| Market value of equity / total liabilities | 6.31 | — | 3.79 | |
| Sales / total assets | 1.03 | — | 1.03 | |
| Altman Z-score | Safe zone | 6.18 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 5.87 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| TREX Trex Company, Inc. compare | 8.5× |
| AWI Armstrong World Industries, Inc. compare | 7.8× |
| AAON AAON, Inc. compare | 6.9× |
| LPX Louisiana-Pacific Corporation | 6.2× |
| SPXC SPX Technologies, Inc. compare | 5.6× |
| GFF Griffon Corporation compare | 3.2× |
| BLDR Builders FirstSource, Inc. compare | 2.7× |
| FBIN Fortune Brands Innovations, Inc. compare | 2.7× |
| OC Owens Corning Inc compare | 2.0× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets