Louisiana-Pacific Corporation (LPX)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 593,000 | 1,498,000 | 1,963,000 | 833,000 | 303,000 |
| Revenue | US$ in thousands | 2,581,000 | 3,854,000 | 3,915,000 | 2,399,000 | 2,310,000 |
| Gross profit margin | 22.98% | 38.87% | 50.14% | 34.72% | 13.12% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $593,000K ÷ $2,581,000K
= 22.98%
The gross profit margin of Louisiana-Pacific Corp. has displayed fluctuations over the past five years. In 2023, the gross profit margin decreased to 22.98% from 38.89% in 2022, marking a significant decline. This could be indicative of potential issues affecting the company's cost of goods sold or pricing strategies.
Comparing to 2021 when the gross profit margin was at 45.49%, the latest figure suggests a considerable drop in profitability. The company achieved a gross profit margin of 31.13% in 2020, indicating a decrease from the preceding year.
The year 2019 saw the lowest gross profit margin at 13.12%, which indicates a substantial improvement in the company's cost management and pricing strategies over the years.
Overall, the gross profit margin trend of Louisiana-Pacific Corp. suggests some volatility, highlighting the importance of monitoring its cost structure and revenue generation strategies to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023