Two triangular factorizations of the deformation gradient tensor are studied. The first, termed the Lagrangian formulation, consists of an upper-triangular stretch premultiplied by a rotation tensor. The second, termed the Eulerian formulation, consists of a lower-triangular stretch postmultiplied by a different rotation tensor. The corresponding stretch tensors are denoted as the Lagrangian and Eulerian Laplace stretches, respectively. Kinematics (with physical interpretations) and work-conjugate stress measures are analyzed and compared for each formulation. While the Lagrangian formulation has been used in prior work for constitutive modeling of anisotropic and hyperelastic materials, the Eulerian formulation, which may be advantageous for modeling isotropic solids and fluids with no physically identifiable reference configuration, does not seem to have been used elsewhere in a continuum mechanical setting for the purpose of constitutive development, though it has been introduced before in a purely kinematic setting.