LPX vs TREX
Louisiana-pacific Corp. and Trex Co. Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | LPX | TREX |
|---|---|---|
| Revenue | $2.7B | $1.2B |
| Net income | $146.0M | $190.4M |
| Gross margin | 21.8% | 39.2% |
| Net margin | 5.4% | 16.2% |
| Return on equity | 8.6% | 19.8% |
| Diluted EPS | $2.08 | $1.78 |
| Dividend / share | $0.28 | · |
| Payout ratio | 53.4% | · |
| Free cash flow | $91.0M | $134.5M |
| Equity | $1.7B | $1.0B |
| Net debt / equity | 0.03× | · |
| Current ratio | 2.78× | 1.24× |
| Revenue CAGR 5y | 2.5% | 5.9% |
| Profit CAGR 5y | −21.8% | 1.6% |
LPX bills 2.3× the revenue of TREX, and TREX keeps more of each dollar of revenue as profit (16.2% against 5.4%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | LPX | TREX |
|---|---|---|
| FY2025 | $2.7B | $1.2B |
| FY2024 | $2.9B | $1.2B |
| FY2023 | $2.6B | $1.1B |
| FY2022 | $3.9B | $1.1B |
| FY2021 | $3.9B | $1.2B |
| FY2020 | $2.4B | $880.8M |
| FY2019 | $2.3B | $745.3M |
| FY2018 | $2.8B | $684.2M |
| FY2017 | $2.7B | $565.2M |
| FY2016 | $2.2B | $479.6M |
Bottom line
| Fiscal year | LPX | TREX |
|---|---|---|
| FY2025 | $146.0M | $190.4M |
| FY2024 | $420.0M | $238.4M |
| FY2023 | $178.0M | $204.1M |
| FY2022 | $1.1B | $184.6M |
| FY2021 | $1.4B | $208.7M |
| FY2020 | $499.0M | $175.6M |
| FY2019 | $-5.0M | $144.7M |
| FY2018 | $395.0M | $134.6M |
| FY2017 | $390.0M | $95.1M |
| FY2016 | $149.8M | $67.8M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$1,533,733,000 | LPX |
| FY2024 | +$1,789,551,000 | LPX |
| FY2023 | +$1,486,163,000 | LPX |
| FY2022 | +$2,747,957,000 | LPX |
| FY2021 | +$2,718,048,000 | LPX |
| FY2020 | +$1,518,169,000 | LPX |
| FY2019 | +$1,564,653,000 | LPX |
| FY2018 | +$2,143,750,000 | LPX |
| FY2017 | +$2,168,847,000 | LPX |
| FY2016 | +$1,753,784,000 | LPX |
| FY2015 | +$1,451,696,000 | LPX |
| FY2014 | +$1,543,140,000 | LPX |
| FY2013 | +$1,742,689,000 | LPX |
| FY2012 | +$1,383,846,000 | LPX |
| FY2011 | +$1,061,911,000 | LPX |
| FY2010 | +$1,065,910,000 | LPX |
| FY2009 | +$788,714,000 | LPX |
LPX has reported the higher revenue in every one of these 17 fiscal years. The gap has widened since the earliest year compared.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −10.8 pp | TREX |
| FY2024 | −6.4 pp | TREX |
| FY2023 | −11.7 pp | TREX |
| FY2022 | +11.4 pp | LPX |
| FY2021 | +17.6 pp | LPX |
| FY2020 | +0.8 pp | LPX |
| FY2019 | −19.9 pp | TREX |
| FY2018 | −5.7 pp | TREX |
| FY2017 | −2.6 pp | TREX |
| FY2016 | −7.4 pp | TREX |
| FY2015 | −15.6 pp | TREX |
| FY2014 | −14.5 pp | TREX |
| FY2013 | −1.6 pp | TREX |
| FY2012 | +0.8 pp | LPX |
| FY2011 | −9.3 pp | TREX |
| FY2010 | +0.4 pp | LPX |
| FY2009 | −5.3 pp | TREX |
The higher net margin has changed hands between LPX and TREX over this period.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LPX's net margin has been more volatile than TREX's over the 17 comparable fiscal years — 12.8 percentage points of standard deviation against 8.9.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between LPX and TREX over these 17 fiscal years — LPX led in 5 and TREX in 12.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LPX's return on equity has been more volatile than TREX's over the 16 comparable fiscal years — 32.8 percentage points of standard deviation against 19.0.
16 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between LPX and TREX over these 16 fiscal years — LPX led in 4 and TREX in 12.
16 of 17 comparable fiscal years — a year missing data on either side is not counted.