LPX vs. FLEX

Last updated Apr 1, 2026

Compare and contrast key facts about Louisiana-Pacific Corporation (LPX) and Flex Ltd. (FLEX).

Performance

LPX vs. FLEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Louisiana-Pacific Corporation (LPX) and Flex Ltd. (FLEX). The values are adjusted to include any dividend payments, if applicable.

LPX vs. FLEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LPX Louisiana-Pacific Corporation	-9.59%	-21.05%	47.93%	21.55%	-23.38%	113.30%	27.96%	36.40%	-13.75%	38.72%
FLEX Flex Ltd.	8.34%	57.38%	127.87%	41.94%	17.08%	1.95%	42.47%	65.83%	-57.70%	25.19%

Fundamentals

Market Cap LPX : $5.09B FLEX : $24.61B
EPS LPX : $1.96 FLEX : $2.25
PE Ratio LPX : 37.17 FLEX : 29.12
PS Ratio LPX : 1.88 FLEX : 0.92
PB Ratio LPX : 2.94 FLEX : 4.81
Total Revenue (TTM) LPX : $2.71B FLEX : $26.84B
Gross Profit (TTM) LPX : $589.00M FLEX : $2.43B
EBITDA (TTM) LPX : $318.00M FLEX : $1.77B

Returns By Period

In the year-to-date period, LPX achieves a -9.59% return, which is significantly lower than FLEX's 8.34% return. Over the past 10 years, LPX has underperformed FLEX with an annualized return of 16.88%, while FLEX has yielded a comparatively higher 25.49% annualized return.

LPX

• 1D: 3.53%
• 1M: -14.15%
• YTD: -9.59%
• 6M: -17.51%
• 1Y: -19.87%
• 3Y*: 11.76%
• 5Y*: 6.45%
• 10Y*: 16.88%

FLEX

• 1D: 8.07%
• 1M: 3.87%
• YTD: 8.34%
• 6M: 12.92%
• 1Y: 97.88%
• 3Y*: 72.62%
• 5Y*: 45.18%
• 10Y*: 25.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

LPX vs. FLEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LPX

LPX Risk / Return Rank: 19
LPX Sharpe Ratio Rank: 20
LPX Sortino Ratio Rank: 19
LPX Omega Ratio Rank: 21
LPX Calmar Ratio Rank: 21
LPX Martin Ratio Rank: 14

FLEX

FLEX Risk / Return Rank: 90
FLEX Sharpe Ratio Rank: 91
FLEX Sortino Ratio Rank: 85
FLEX Omega Ratio Rank: 86
FLEX Calmar Ratio Rank: 93
FLEX Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LPX vs. FLEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Louisiana-Pacific Corporation (LPX) and Flex Ltd. (FLEX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	LPX	FLEX	Difference
Sharpe ratio Return per unit of total volatility	-0.50	2.03	-2.53
Sortino ratio Return per unit of downside risk	-0.53	2.41	-2.94
Omega ratio Gain probability vs. loss probability	0.94	1.34	-0.40
Calmar ratio Return relative to maximum drawdown	-0.62	4.49	-5.11
Martin ratio Return relative to average drawdown	-1.38	12.15	-13.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LPX vs. FLEX - Sharpe Ratio Comparison

The current LPX Sharpe Ratio is -0.50, which is lower than the FLEX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of LPX and FLEX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LPX	FLEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.50	2.03	-2.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	1.06	-0.90
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.59	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.26	-0.10

Correlation

The correlation between LPX and FLEX is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

LPX vs. FLEX - Dividend Comparison

LPX's dividend yield for the trailing twelve months is around 1.57%, while FLEX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
LPX Louisiana-Pacific Corporation	1.57%	1.39%	1.00%	1.36%	1.49%	0.87%	1.56%	1.82%	2.34%
FLEX Flex Ltd.	0.00%	0.00%	21.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

LPX vs. FLEX - Drawdown Comparison

The maximum LPX drawdown since its inception was -96.41%, roughly equal to the maximum FLEX drawdown of -96.37%. Use the drawdown chart below to compare losses from any high point for LPX and FLEX.

Drawdown Indicators

	LPX	FLEX	Difference
Max Drawdown Largest peak-to-trough decline	-96.41%	-96.37%	-0.04%
Max Drawdown (1Y) Largest decline over 1 year	-31.26%	-21.68%	-9.58%
Max Drawdown (5Y) Largest decline over 5 years	-40.94%	-39.99%	-0.95%
Max Drawdown (10Y) Largest decline over 10 years	-59.45%	-70.02%	+10.57%
Current Drawdown Current decline from peak	-38.54%	-9.18%	-29.36%
Average Drawdown Average peak-to-trough decline	-37.86%	-55.55%	+17.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.15%	8.01%	+6.14%

Volatility

LPX vs. FLEX - Volatility Comparison

The current volatility for Louisiana-Pacific Corporation (LPX) is 10.30%, while Flex Ltd. (FLEX) has a volatility of 19.86%. This indicates that LPX experiences smaller price fluctuations and is considered to be less risky than FLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LPX	FLEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.30%	19.86%	-9.56%
Volatility (6M) Calculated over the trailing 6-month period	28.18%	36.56%	-8.38%
Volatility (1Y) Calculated over the trailing 1-year period	40.13%	48.46%	-8.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.93%	42.85%	-2.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.47%	43.49%	-3.02%

Financials

LPX vs. FLEX - Profitability Comparison

The chart below illustrates the profitability comparison between Louisiana-Pacific Corporation and Flex Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LPX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Louisiana-Pacific Corporation reported a gross profit of 84.00M and revenue of 567.00M. Therefore, the gross margin over that period was 14.8%.

FLEX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Flex Ltd. reported a gross profit of 679.00M and revenue of 7.06B. Therefore, the gross margin over that period was 9.6%.

LPX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Louisiana-Pacific Corporation reported an operating income of -9.00M and revenue of 567.00M, resulting in an operating margin of -1.6%.

FLEX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Flex Ltd. reported an operating income of 389.00M and revenue of 7.06B, resulting in an operating margin of 5.5%.

LPX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Louisiana-Pacific Corporation reported a net income of -17.00M and revenue of 567.00M, resulting in a net margin of -3.0%.

FLEX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Flex Ltd. reported a net income of 239.00M and revenue of 7.06B, resulting in a net margin of 3.4%.