Forensic Analysis · Industrials / Manufacturing / Defense · as of Aug 11, 2026

Louisiana-Pacific Corp (LPX)

A forensic read on Louisiana-Pacific Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

C · Mixed — selective

Forensic grade

Safe

Financial health

9.9

Distress distance

Clean

Earnings quality

Forensic signals

100.6

P / E (ttm)

8.4%

ROE

$5.2B

Market cap

1.58%

Dividend yield

-7.9%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Louisiana-Pacific Corp earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 9.9, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

7.6%

FY2025

Return on invested capital. Return on invested capital is 7.6% in the latest fiscal year and slipping from 58% — around its ~9% cost of capital, so growth is roughly value-neutral.

153% of FCF

FY2025

Shareholder returns. Returned $139M to shareholders (buybacks + dividends) in FY2025 — 153% of free cash flow, but 36% of operating cash flow. Returns run ahead of free cash flow because the business is also funding heavy growth capex (usually debt-financed); the payout itself is covered by operating cash — sustainable as long as that spending is genuine expansion, not upkeep. Counting the $30M of stock-based comp paid out in shares on top of that, the combined claim on free cash flow is 186%.

$10M

FY2020–FY2021

Goodwill impairments. Took $10M of goodwill writedowns across 2 years (FY2020 ($5M), FY2021 ($5M)) — about 1% of net income over the span. Writedowns mean past acquisitions underperformed what was paid for them.

Key fundamentals

Latest Revenue$2.71B

Revenue Growth YoY-7.9%

Net Margin5.4%

Free Cash Flow$91.0M

Return on Equity8.4%

Debt / Equity0.20x

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Data from SEC EDGAR public filings · metrics as of Aug 11, 2026. Forensic signals flag probability, not certainty.