SITE

SiteOne is the largest and only national full-product-line wholesale distributor of landscape supplies in the U.S., with over 670 branches across 45 states and ~180,000 SKUs. That scale-driven consolidation story is intact and improving: FY2025 net income rose 22.8% to $152M and diluted EPS climbed 24.4% to $3.37, helped by 40bps of gross-margin expansion (to 34.8%), better operating leverage (SG&A down to 30.1% of net sales), and a recovery in pricing from a 3% decline in 2024 to roughly flat in 2025. Operating cash flow grew to $300.5 million from $283.4 million, and the balance sheet is sound with $191M cash (up 78.0%), modest $382M long-term debt and a 0.93x liabilities/equity ratio.

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