MEDIUMOutside partyCustomer
47%
top ten customers
“10-K Item 1: 'our top ten customers accounted for approximately 47% of our net sales'”
LPX · Concentration risk · 10-K extracted
Louisiana-Pacific (LPX) concentration risks
Updated
The most significant concentration Louisiana-Pacific discloses is top ten customers at 47%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Louisiana-Pacific’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inProduct / Revenue mix
33%
OSB
“10-K Item 1A: 'We have a high degree of product concentration in OSB ... OSB accounted for about 33% of our North American net sales in 2025'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile presents two moderate-share exposures — one on the customer side and one in the product mix — that reinforce one another rather than diversify. The top ten customers accounted for approximately 47% of net sales, a moderate customer concentration with a dependency character. While the filing does not name individual customers, this share indicates that a meaningful portion of revenue flows from a small set of buyers whose purchasing volumes are tied to the residential construction and home improvement cycles. Separately, oriented strand board (OSB) accounted for about 33% of North American net sales in 2025 — a moderate product concentration with a structural character, reflecting the company's deliberate positioning as a significant OSB producer within its portfolio. This product is a commodity whose pricing is determined by supply/demand dynamics in the structural panel market rather than by contract terms, making it subject to volatile swings that can move margins sharply. The two exposures interact in a meaningful way: a significant portion of revenues from a concentrated set of construction-channel customers is tied to a commodity product whose prices move with housing starts and lumber demand. A housing market downturn would therefore simultaneously reduce volume from the top-ten customer group and pressure OSB pricing, compounding the revenue and margin impact. On balance, the concentration profile is most sensitive to U.S. housing market activity, and both disclosures point to that shared driver as the primary variable to monitor.
For the engine’s reasoning on LPX’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Building Products & Equipment
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ARLO | Arlo Technologies, Inc. | 2 | 1 | 0 | 3 |
| AWI | Armstrong World Industries Inc | 1 | 1 | 2 | 4 |
| CARR | Carrier Global Corporation | 1 | 0 | 0 | 1 |
| LPX● | Louisiana-Pacific Corporation | 0 | 2 | 0 | 2 |
| AAON | AAON, Inc. | 0 | 1 | 0 | 1 |
| BLDR | Builders FirstSource, Inc. | 0 | 1 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.