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Side-by-side financial comparison of LOUISIANA-PACIFIC CORP (LPX) and Victory Capital Holdings, Inc. (VCTR). Click either name above to swap in a different company.

LOUISIANA-PACIFIC CORP is the larger business by last-quarter revenue ($566.0M vs $374.1M, roughly 1.5× Victory Capital Holdings, Inc.). Victory Capital Holdings, Inc. runs the higher net margin — 30.2% vs -1.4%, a 31.6% gap on every dollar of revenue. On growth, Victory Capital Holdings, Inc. posted the faster year-over-year revenue change (61.0% vs -16.9%). Victory Capital Holdings, Inc. produced more free cash flow last quarter ($144.5M vs $-8.0M). Over the past eight quarters, Victory Capital Holdings, Inc.'s revenue compounded faster (31.7% 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.

Victory Capital Holdings, Inc. is an American financial services company headquartered in San Antonio, Texas that focuses on investment management. Outside the US, it also has investment professionals in London, Hong Kong and Singapore.

LPX vs VCTR — Head-to-Head

Bigger by revenue
LPX
LPX
1.5× larger
LPX
$566.0M
$374.1M
VCTR
Growing faster (revenue YoY)
VCTR
VCTR
+77.9% gap
VCTR
61.0%
-16.9%
LPX
Higher net margin
VCTR
VCTR
31.6% more per $
VCTR
30.2%
-1.4%
LPX
More free cash flow
VCTR
VCTR
$152.5M more FCF
VCTR
$144.5M
$-8.0M
LPX
Faster 2-yr revenue CAGR
VCTR
VCTR
Annualised
VCTR
31.7%
-11.6%
LPX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LPX
LPX
VCTR
VCTR
Revenue
$566.0M
$374.1M
Net Profit
$-8.0M
$112.8M
Gross Margin
15.0%
Operating Margin
-1.6%
40.9%
Net Margin
-1.4%
30.2%
Revenue YoY
-16.9%
61.0%
Net Profit YoY
-112.9%
46.6%
EPS (diluted)
$-0.12
$1.33

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
VCTR
VCTR
Q4 25
$566.0M
$374.1M
Q3 25
$663.0M
$361.2M
Q2 25
$755.0M
$351.2M
Q1 25
$724.0M
$219.6M
Q4 24
$681.0M
$232.4M
Q3 24
$722.0M
$225.6M
Q2 24
$814.0M
$219.6M
Q1 24
$724.0M
$215.9M
Net Profit
LPX
LPX
VCTR
VCTR
Q4 25
$-8.0M
$112.8M
Q3 25
$9.0M
$96.5M
Q2 25
$54.0M
$58.7M
Q1 25
$91.0M
$62.0M
Q4 24
$62.0M
$76.9M
Q3 24
$90.0M
$82.0M
Q2 24
$160.0M
$74.3M
Q1 24
$108.0M
$55.7M
Gross Margin
LPX
LPX
VCTR
VCTR
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
VCTR
VCTR
Q4 25
-1.6%
40.9%
Q3 25
2.7%
38.2%
Q2 25
10.6%
26.8%
Q1 25
16.6%
42.3%
Q4 24
11.0%
48.1%
Q3 24
16.1%
53.3%
Q2 24
23.8%
50.4%
Q1 24
20.0%
39.3%
Net Margin
LPX
LPX
VCTR
VCTR
Q4 25
-1.4%
30.2%
Q3 25
1.4%
26.7%
Q2 25
7.2%
16.7%
Q1 25
12.6%
28.2%
Q4 24
9.1%
33.1%
Q3 24
12.5%
36.3%
Q2 24
19.7%
33.8%
Q1 24
14.9%
25.8%
EPS (diluted)
LPX
LPX
VCTR
VCTR
Q4 25
$-0.12
$1.33
Q3 25
$0.13
$1.11
Q2 25
$0.77
$0.68
Q1 25
$1.30
$0.96
Q4 24
$0.90
$1.18
Q3 24
$1.28
$1.24
Q2 24
$2.23
$1.12
Q1 24
$1.48
$0.84

Balance Sheet & Financial Strength

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

Metric
LPX
LPX
VCTR
VCTR
Cash + ST InvestmentsLiquidity on hand
$292.0M
$163.7M
Total DebtLower is stronger
$348.0M
$970.0M
Stockholders' EquityBook value
$1.7B
$2.4B
Total Assets
$2.6B
$4.2B
Debt / EquityLower = less leverage
0.20×
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LPX
LPX
VCTR
VCTR
Q4 25
$292.0M
$163.7M
Q3 25
$316.0M
$115.7M
Q2 25
$333.0M
$107.9M
Q1 25
$256.0M
$175.6M
Q4 24
$340.0M
$126.7M
Q3 24
$346.0M
$188.2M
Q2 24
$317.0M
$119.0M
Q1 24
$244.0M
$79.9M
Total Debt
LPX
LPX
VCTR
VCTR
Q4 25
$348.0M
$970.0M
Q3 25
$348.0M
$972.0M
Q2 25
$348.0M
$965.7M
Q1 25
$348.0M
$964.8M
Q4 24
$348.0M
$963.9M
Q3 24
$347.0M
$982.7M
Q2 24
$347.0M
$981.7M
Q1 24
$347.0M
$990.2M
Stockholders' Equity
LPX
LPX
VCTR
VCTR
Q4 25
$1.7B
$2.4B
Q3 25
$1.7B
$2.4B
Q2 25
$1.7B
$2.5B
Q1 25
$1.7B
$1.1B
Q4 24
$1.7B
$1.1B
Q3 24
$1.7B
$1.2B
Q2 24
$1.7B
$1.1B
Q1 24
$1.6B
$1.1B
Total Assets
LPX
LPX
VCTR
VCTR
Q4 25
$2.6B
$4.2B
Q3 25
$2.6B
$4.2B
Q2 25
$2.7B
$4.2B
Q1 25
$2.6B
$2.6B
Q4 24
$2.6B
$2.5B
Q3 24
$2.6B
$2.6B
Q2 24
$2.5B
$2.5B
Q1 24
$2.5B
$2.5B
Debt / Equity
LPX
LPX
VCTR
VCTR
Q4 25
0.20×
0.40×
Q3 25
0.20×
0.41×
Q2 25
0.20×
0.39×
Q1 25
0.21×
0.84×
Q4 24
0.21×
0.86×
Q3 24
0.21×
0.84×
Q2 24
0.21×
0.87×
Q1 24
0.21×
0.92×

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
VCTR
VCTR
Operating Cash FlowLast quarter
$67.0M
$145.1M
Free Cash FlowOCF − Capex
$-8.0M
$144.5M
FCF MarginFCF / Revenue
-1.4%
38.6%
Capex IntensityCapex / Revenue
13.3%
0.2%
Cash ConversionOCF / Net Profit
1.29×
TTM Free Cash FlowTrailing 4 quarters
$91.0M
$381.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LPX
LPX
VCTR
VCTR
Q4 25
$67.0M
$145.1M
Q3 25
$89.0M
$165.9M
Q2 25
$162.0M
$-6.6M
Q1 25
$64.0M
$81.1M
Q4 24
$105.0M
$91.8M
Q3 24
$183.0M
$99.8M
Q2 24
$212.0M
$79.7M
Q1 24
$105.0M
$68.7M
Free Cash Flow
LPX
LPX
VCTR
VCTR
Q4 25
$-8.0M
$144.5M
Q3 25
$5.0M
$164.8M
Q2 25
$94.0M
$-7.5M
Q1 25
$0
$79.5M
Q4 24
$43.0M
$91.7M
Q3 24
$139.0M
$99.4M
Q2 24
$176.0M
$79.5M
Q1 24
$64.0M
$68.2M
FCF Margin
LPX
LPX
VCTR
VCTR
Q4 25
-1.4%
38.6%
Q3 25
0.8%
45.6%
Q2 25
12.5%
-2.1%
Q1 25
0.0%
36.2%
Q4 24
6.3%
39.4%
Q3 24
19.3%
44.0%
Q2 24
21.6%
36.2%
Q1 24
8.8%
31.6%
Capex Intensity
LPX
LPX
VCTR
VCTR
Q4 25
13.3%
0.2%
Q3 25
12.7%
0.3%
Q2 25
9.0%
0.3%
Q1 25
8.8%
0.7%
Q4 24
9.1%
0.1%
Q3 24
6.1%
0.2%
Q2 24
4.4%
0.1%
Q1 24
5.7%
0.2%
Cash Conversion
LPX
LPX
VCTR
VCTR
Q4 25
1.29×
Q3 25
9.89×
1.72×
Q2 25
3.00×
-0.11×
Q1 25
0.70×
1.31×
Q4 24
1.69×
1.19×
Q3 24
2.03×
1.22×
Q2 24
1.32×
1.07×
Q1 24
0.97×
1.23×

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%

VCTR
VCTR

Investment Management Fees$301.4M81%
Fund Administration And Distribution Fees$72.8M19%

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