• Louisiana-Pacific average gross margin for 2023 was 23.85%, a 47.56% increase from 2022.
• Louisiana-Pacific average gross margin for 2022 was 45.48%, a 8.14% decline from 2021.
• Louisiana-Pacific average gross margin for 2021 was 49.51%, a 122.42% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.