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Side-by-side financial comparison of LOUISIANA-PACIFIC CORP (LPX) and TIDEWATER INC (TDW). Click either name above to swap in a different company.

LOUISIANA-PACIFIC CORP is the larger business by last-quarter revenue ($566.0M vs $336.8M, roughly 1.7× TIDEWATER INC). TIDEWATER INC runs the higher net margin — 65.3% vs -1.4%, a 66.7% gap on every dollar of revenue. On growth, TIDEWATER INC posted the faster year-over-year revenue change (-2.4% vs -16.9%). TIDEWATER INC produced more free cash flow last quarter ($147.8M vs $-8.0M). Over the past eight quarters, TIDEWATER INC's revenue compounded faster (2.4% CAGR vs -11.6%).

Louisiana-Pacific Corporation (LP) is an American building materials manufacturer. The company was founded in 1973 and LP pioneered the U.S. production of oriented strand board (OSB) panels. Currently based in Nashville, Tennessee, LP is the world's largest producer of OSB and manufactures engineered wood building products. LP products are sold to builders and homeowners through building materials distributors and dealers and retail home centers.

Tidewater, Inc. is a publicly traded international petroleum service company headquartered in Houston, Texas, U.S. It operates a fleet of ships, primarily providing vessels and marine services to the offshore petroleum and offshore wind industries.

LPX vs TDW — Head-to-Head

Bigger by revenue
LPX
LPX
1.7× larger
LPX
$566.0M
$336.8M
TDW
Growing faster (revenue YoY)
TDW
TDW
+14.5% gap
TDW
-2.4%
-16.9%
LPX
Higher net margin
TDW
TDW
66.7% more per $
TDW
65.3%
-1.4%
LPX
More free cash flow
TDW
TDW
$155.8M more FCF
TDW
$147.8M
$-8.0M
LPX
Faster 2-yr revenue CAGR
TDW
TDW
Annualised
TDW
2.4%
-11.6%
LPX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LPX
LPX
TDW
TDW
Revenue
$566.0M
$336.8M
Net Profit
$-8.0M
$219.9M
Gross Margin
15.0%
Operating Margin
-1.6%
19.0%
Net Margin
-1.4%
65.3%
Revenue YoY
-16.9%
-2.4%
Net Profit YoY
-112.9%
495.8%
EPS (diluted)
$-0.12
$4.37

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LPX
LPX
TDW
TDW
Q4 25
$566.0M
$336.8M
Q3 25
$663.0M
$341.1M
Q2 25
$755.0M
$341.4M
Q1 25
$724.0M
$333.4M
Q4 24
$681.0M
$345.1M
Q3 24
$722.0M
$340.4M
Q2 24
$814.0M
$339.2M
Q1 24
$724.0M
$321.2M
Net Profit
LPX
LPX
TDW
TDW
Q4 25
$-8.0M
$219.9M
Q3 25
$9.0M
$-806.0K
Q2 25
$54.0M
$72.9M
Q1 25
$91.0M
$42.7M
Q4 24
$62.0M
$36.9M
Q3 24
$90.0M
$46.4M
Q2 24
$160.0M
$50.4M
Q1 24
$108.0M
$47.0M
Gross Margin
LPX
LPX
TDW
TDW
Q4 25
15.0%
Q3 25
19.5%
Q2 25
23.6%
Q1 25
27.2%
Q4 24
23.8%
Q3 24
26.7%
Q2 24
32.3%
Q1 24
29.6%
Operating Margin
LPX
LPX
TDW
TDW
Q4 25
-1.6%
19.0%
Q3 25
2.7%
18.4%
Q2 25
10.6%
23.7%
Q1 25
16.6%
22.5%
Q4 24
11.0%
23.6%
Q3 24
16.1%
20.6%
Q2 24
23.8%
23.0%
Q1 24
20.0%
25.5%
Net Margin
LPX
LPX
TDW
TDW
Q4 25
-1.4%
65.3%
Q3 25
1.4%
-0.2%
Q2 25
7.2%
21.4%
Q1 25
12.6%
12.8%
Q4 24
9.1%
10.7%
Q3 24
12.5%
13.6%
Q2 24
19.7%
14.8%
Q1 24
14.9%
14.6%
EPS (diluted)
LPX
LPX
TDW
TDW
Q4 25
$-0.12
$4.37
Q3 25
$0.13
$-0.02
Q2 25
$0.77
$1.46
Q1 25
$1.30
$0.83
Q4 24
$0.90
$0.70
Q3 24
$1.28
$0.87
Q2 24
$2.23
$0.94
Q1 24
$1.48
$0.89

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LPX
LPX
TDW
TDW
Cash + ST InvestmentsLiquidity on hand
$292.0M
$578.8M
Total DebtLower is stronger
$348.0M
$670.1M
Stockholders' EquityBook value
$1.7B
$1.4B
Total Assets
$2.6B
$2.4B
Debt / EquityLower = less leverage
0.20×
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LPX
LPX
TDW
TDW
Q4 25
$292.0M
$578.8M
Q3 25
$316.0M
$428.2M
Q2 25
$333.0M
$369.4M
Q1 25
$256.0M
$341.8M
Q4 24
$340.0M
$324.9M
Q3 24
$346.0M
$280.8M
Q2 24
$317.0M
$315.9M
Q1 24
$244.0M
$280.9M
Total Debt
LPX
LPX
TDW
TDW
Q4 25
$348.0M
$670.1M
Q3 25
$348.0M
Q2 25
$348.0M
Q1 25
$348.0M
Q4 24
$348.0M
$647.9M
Q3 24
$347.0M
Q2 24
$347.0M
Q1 24
$347.0M
Stockholders' Equity
LPX
LPX
TDW
TDW
Q4 25
$1.7B
$1.4B
Q3 25
$1.7B
$1.1B
Q2 25
$1.7B
$1.1B
Q1 25
$1.7B
$1.1B
Q4 24
$1.7B
$1.1B
Q3 24
$1.7B
$1.1B
Q2 24
$1.7B
$1.1B
Q1 24
$1.6B
$1.1B
Total Assets
LPX
LPX
TDW
TDW
Q4 25
$2.6B
$2.4B
Q3 25
$2.6B
$2.1B
Q2 25
$2.7B
$2.1B
Q1 25
$2.6B
$2.1B
Q4 24
$2.6B
$2.1B
Q3 24
$2.6B
$2.0B
Q2 24
$2.5B
$2.1B
Q1 24
$2.5B
$2.1B
Debt / Equity
LPX
LPX
TDW
TDW
Q4 25
0.20×
0.49×
Q3 25
0.20×
Q2 25
0.20×
Q1 25
0.21×
Q4 24
0.21×
0.58×
Q3 24
0.21×
Q2 24
0.21×
Q1 24
0.21×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LPX
LPX
TDW
TDW
Operating Cash FlowLast quarter
$67.0M
$153.0M
Free Cash FlowOCF − Capex
$-8.0M
$147.8M
FCF MarginFCF / Revenue
-1.4%
43.9%
Capex IntensityCapex / Revenue
13.3%
1.5%
Cash ConversionOCF / Net Profit
0.70×
TTM Free Cash FlowTrailing 4 quarters
$91.0M
$353.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LPX
LPX
TDW
TDW
Q4 25
$67.0M
$153.0M
Q3 25
$89.0M
$54.7M
Q2 25
$162.0M
$85.4M
Q1 25
$64.0M
$86.0M
Q4 24
$105.0M
$100.0M
Q3 24
$183.0M
$49.0M
Q2 24
$212.0M
$78.6M
Q1 24
$105.0M
$54.8M
Free Cash Flow
LPX
LPX
TDW
TDW
Q4 25
$-8.0M
$147.8M
Q3 25
$5.0M
$49.6M
Q2 25
$94.0M
$80.2M
Q1 25
$0
$75.7M
Q4 24
$43.0M
$95.5M
Q3 24
$139.0M
$43.3M
Q2 24
$176.0M
$72.3M
Q1 24
$64.0M
$43.8M
FCF Margin
LPX
LPX
TDW
TDW
Q4 25
-1.4%
43.9%
Q3 25
0.8%
14.5%
Q2 25
12.5%
23.5%
Q1 25
0.0%
22.7%
Q4 24
6.3%
27.7%
Q3 24
19.3%
12.7%
Q2 24
21.6%
21.3%
Q1 24
8.8%
13.6%
Capex Intensity
LPX
LPX
TDW
TDW
Q4 25
13.3%
1.5%
Q3 25
12.7%
1.5%
Q2 25
9.0%
1.5%
Q1 25
8.8%
3.1%
Q4 24
9.1%
1.3%
Q3 24
6.1%
1.7%
Q2 24
4.4%
1.9%
Q1 24
5.7%
3.4%
Cash Conversion
LPX
LPX
TDW
TDW
Q4 25
0.70×
Q3 25
9.89×
Q2 25
3.00×
1.17×
Q1 25
0.70×
2.02×
Q4 24
1.69×
2.71×
Q3 24
2.03×
1.06×
Q2 24
1.32×
1.56×
Q1 24
0.97×
1.16×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LPX
LPX

OS Bvalueadd$472.0M83%
Other$84.0M15%
Otherproducts$10.0M2%

TDW
TDW

Segment breakdown not available.

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