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SiteOne Landscape Supply
(NYSE:SITE)
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Rating:58Neutral
Price Target:
$98.00
▼(-3.30% Downside)
Action:Reiterated
Date:07/30/26
The score is held up by solid cash generation and a manageable leverage profile, plus a measured but steady outlook with margin improvement actions. It is weighed down most by a clearly bearish technical trend (price well below key moving averages) and a relatively high P/E given modest growth and normalized profitability, alongside ongoing volume and end-market softness highlighted on the earnings call.
Positive Factors
Strong cash generation
SiteOne's persistent high cash conversion (TTM operating cash flow $324.5M; FCF ~$259.3M, ~80% conversion) underpins durable internal funding for capex, share buybacks, dividends and M&A. Reliable FCF cushions cyclicality in landscaping demand and supports strategic optionality over months.
Negative Factors
Persistent organic volume decline
A recurring ~2% organic volume decline driven by weak new residential and repair & upgrade markets reduces top-line momentum and constrains SG&A leverage. If these end-market headwinds persist regionally (Sunbelt), revenue and margin recovery will require outsized pricing or improved volumes over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
SiteOne's persistent high cash conversion (TTM operating cash flow $324.5M; FCF ~$259.3M, ~80% conversion) underpins durable internal funding for capex, share buybacks, dividends and M&A. Reliable FCF cushions cyclicality in landscaping demand and supports strategic optionality over months.
Read all positive factors
SiteOne Landscape Supply Key Performance Indicators (KPIs)
Any
Net Sales by Product Category
Breaks down revenue across the company’s product lines (e.g., irrigation, hardscape, plants, mulch, tools), revealing which categories drive growth and margins. Shows how shifts in product mix, seasonality, or supply constraints affect overall sales and profitability, helping investors judge whether SiteOne’s growth is broad-based or concentrated in a few areas.
Breaks down revenue across the company’s product lines (e.g., irrigation, hardscape, plants, mulch, tools), revealing which categories drive growth and margins. Shows how shifts in product mix, seasonality, or supply constraints affect overall sales and profitability, helping investors judge whether SiteOne’s growth is broad-based or concentrated in a few areas.
Data provided by:
The Fly
The FlySiteOne Landscape Supply (SITE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.12B
Dividend YieldN/A
Average Volume (3M)589.55K
Price to Earnings (P/E)25.8
Beta (1Y)1.05
Revenue Growth3.28%
EPS Growth32.49%
CountryUS
Employees8,200
SectorIndustrials
Sector Strength72
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)3.66
Shares Outstanding43,655,390
10 Day Avg. Volume557,666
30 Day Avg. Volume589,555
Financial Highlights & Ratios
PEG Ratio1.54
Price to Book (P/B)3.42
Price to Sales (P/S)1.21
P/FCF Ratio22.98
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$132.67Price Target Upside30.91% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)4.16
Revenue Forecast (FY)$4.90B
SiteOne Landscape Supply Business Overview & Revenue Model
Company Description
SiteOne Landscape Supply, Inc. operates as a leading wholesale distributor of landscaping provisions throughout the United States and Canada. The company maintains an expansive inventory of approximately 135,000 distinct stock keeping units. Its d...
How the Company Makes Money
SiteOne primarily makes money by selling landscape supplies and related products to professional trade customers through its branch network and delivery operations. Revenue is generated largely from product sales across major categories such as: (...
SiteOne Landscape Supply Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Neutral
The call presents a balanced picture: SiteOne delivered modest top-line and bottom-line growth (sales +5%, adjusted EBITDA +5%, net income +8%) while expanding gross margin and generating strong cash flow and capital returns. The company is executing on digital, private-brand and acquisition strategies, and maintains a healthy balance sheet and active M&A pipeline. Offsetting these positives are continued end-market softness (notably new residential and repair & upgrade), a ~2% decline in organic volume, SG&A pressure from fuel and healthcare, and commodity/category volatility that injects pricing uncertainty. Management's guidance is cautious but stable (organic daily sales flat to +1%, pricing ~3%, adjusted EBITDA $425M–$455M). Given the mix of solid execution and meaningful market headwinds, the call's tone is measured and pragmatic.Positive Updates
Revenue and Profit Growth
Net sales increased 5% year-over-year to $1.53 billion; adjusted EBITDA rose 5% to $237.2 million; net income attributable to SiteOne increased 8% to $139.3 million.
Negative Updates
Organic Volume Decline
Organic volume declined approximately 2% in the quarter, reflecting weaker demand in new residential construction and repair & upgrade end markets; first-quarter volume was down 4% and momentum softened in June/July.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue and Profit Growth
Net sales increased 5% year-over-year to $1.53 billion; adjusted EBITDA rose 5% to $237.2 million; net income attributable to SiteOne increased 8% to $139.3 million.
Read all positive updates
Company Guidance
Management guided fiscal 2026 to organic daily sales flat to up 1%, with pricing expected to contribute about 3% to net sales for the year; they expect gross margin to be higher than 2025 and SG&A as a percent of net sales to be roughly flat (helped by additional productivity actions), supporting full‑year adjusted EBITDA of $425 million to $455 million (ex‑unannounced M&A) despite a $4–$5 million headwind from the extra 53rd week — Q2 adjusted EBITDA was $237.2 million with a 15.5% margin (YTD margin improvement +20 bps) and management expects further margin expansion in H2; tax rate guidance is ~25–26% (ex‑discrete items), and balance sheet metrics include net debt ≈ $556 million, net debt/TTM adjusted EBITDA 1.3x, and available liquidity ≈ $530 million (cash $87M; ABL capacity ~$443M, maturity Apr 2031).SiteOne Landscape Supply Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.77B | 4.70B | 4.54B | 4.30B | 4.01B | 3.48B |
| Gross Profit | 1.68B | 1.64B | 1.56B | 1.49B | 1.42B | 1.21B |
| EBITDA | 392.20M | 378.90M | 331.30M | 378.00M | 436.90M | 396.70M |
| Net Income | 162.80M | 151.80M | 123.60M | 173.40M | 245.40M | 238.40M |
Balance Sheet | ||||||
| Total Assets | 3.53B | 3.22B | 3.07B | 2.83B | 2.53B | 2.12B |
| Cash, Cash Equivalents and Short-Term Investments | 87.40M | 190.60M | 107.10M | 82.50M | 29.10M | 53.70M |
| Total Debt | 105.60M | 980.00M | 951.30M | 861.40M | 739.50M | 606.90M |
| Total Liabilities | 1.84B | 1.54B | 1.48B | 1.34B | 1.23B | 1.06B |
| Stockholders Equity | 1.69B | 1.66B | 1.57B | 1.49B | 1.30B | 1.06B |
Cash Flow | ||||||
| Free Cash Flow | 259.30M | 246.80M | 238.60M | 261.50M | 175.50M | 173.80M |
| Operating Cash Flow | 324.50M | 300.50M | 283.40M | 297.50M | 217.20M | 210.80M |
| Investing Cash Flow | -162.00M | -83.40M | -177.10M | -226.00M | -284.40M | -182.00M |
| Financing Cash Flow | -153.10M | -134.60M | -80.90M | -18.30M | 43.40M | -30.40M |
SiteOne Landscape Supply Technical Analysis
Neutral
101.34
Price Trends
106.00
Negative
117.90
Negative
126.61
Negative
Market Momentum
-2.68
Negative
48.07
Neutral
75.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SITE, the sentiment is Neutral. The current price of 101.34 is below the 20-day moving average (MA) of 101.90, below the 50-day MA of 106.00, and below the 200-day MA of 126.61, indicating a neutral trend. The MACD of -2.68 indicates Negative momentum. The RSI at 48.07 is Neutral, neither overbought nor oversold. The STOCH value of 75.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SITE.
SiteOne Landscape Supply Risk Analysis
SiteOne Landscape Supply disclosed 29 risk factors in its most recent earnings report. SiteOne Landscape Supply reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
SiteOne Landscape Supply Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $12.76B | 32.17 | 21.64% | 0.56% | 7.54% | 6.04% | |
75 Outperform | $54.75B | 40.43 | 34.03% | 1.96% | 12.54% | 13.58% | |
72 Outperform | $6.89B | 29.81 | 16.55% | 2.77% | 4.41% | 16.62% | |
66 Neutral | $16.74B | 23.56 | 14.06% | 0.57% | 12.51% | 13.23% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | $4.12B | 25.80 | 9.76% | ― | 3.28% | 32.49% | |
56 Neutral | $1.60B | 292.22 | 0.84% | ― | 7.07% | 361.18% |
* Industrials Sector Average
SITE
SiteOne Landscape Supply
101.97
-34.16
-25.09%
AIT
Applied Industrial Technologies
358.14
95.01
36.11%
FAST
Fastenal Company
49.99
4.21
9.18%
DSGR
Distribution Solutions Group
34.80
3.69
11.86%
MSM
MSC Industrial
125.57
43.07
52.20%
WCC
Wesco International
373.08
168.28
82.17%
SiteOne Landscape Supply Corporate Events
Executive/Board ChangesShareholder Meetings
SiteOne Stockholders Approve Directors, Auditor and Compensation
Positive
May 19, 2026
On May 13, 2026, SiteOne Landscape Supply, Inc. held its Annual Meeting of Stockholders, where investors voted on board elections, auditor ratification and executive compensation. Stockholders elected directors William W. Douglas III and Jeri L. I...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.