SITE SiteOne Landscape Supply, Inc.

Overview and Growth

In fiscal 2025, SiteOne Landscape Supply, Inc. recorded $4.70B of revenue, net income of $151.80M, and an operating cash inflow of $300.50M. The $4.70B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 3.6% above fiscal 2024 revenue of $4.54B, marking a year-over-year increase. On a per-share basis, diluted EPS was $3.37, which connects the reported earnings outcome with the company’s diluted share count. The per-share result recorded a 24.4% increase from fiscal 2024 diluted EPS of $2.71. The revenue-to-assets relationship was 1.46x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

After reported cost of revenue, the company retained $1.64B as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 34.8% of revenue, quantifying the portion retained before operating expenses were recognized. Operating income was $238.10M, the earnings remaining from reported operations after the company’s recognized operating cost structure. Relative to revenue, operating income represented 5.1%, showing how efficiently sales converted into operating profit. The bottom-line result was net income of $151.80M, after the operating, financing, tax, and other items recognized for the period. The final earnings result represented 3.2% of revenue, connecting the absolute net income figure with the company’s top-line scale. Pretax income was $203.10M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Pretax income represented 4.3% of revenue, placing earnings before tax in the context of the company’s operating scale. The company recognized $45.70M of income tax for the period, completing the transition from pretax income to net income. The effective relationship between income tax and positive pretax income was 22.5%, without assuming a statutory-rate comparison.

Liquidity and Capital Structure

The company held $3.22B of assets against $1.54B of liabilities and $1.66B of equity, revealing how the asset base was financed. At period end, current assets of $1.70B compared with current liabilities of $686.80M, defining the company’s short-term resource position. The current ratio was 2.47x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Cash and equivalents totaled $190.60M, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 27.8%, excluding receivables and other current assets. Borrowings totaled $385.40M, adding a fixed financing obligation alongside the company’s equity capital. Debt equaled 0.23x of book equity, describing the relative scale of borrowing and shareholder capital. Relative to total assets, debt measured 12.0%, showing how much of the asset base was matched by borrowing. Relative to total assets, liabilities measured 47.7%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 5.9%, comparing reported cash and equivalents with the full positive asset balance.

Cash Flow and Earnings Quality

Cash flow from operations was $300.50M, a reported cash inflow that can be compared directly with net income and capital spending. Against net income, operating cash flow measured 1.98x, showing the relationship between accrual earnings and operating cash. Capital spending was $53.70M, absorbing part of the cash generated from operations before free cash flow. Relative to operating cash flow, capital expenditures measured 17.9%, connecting investment intensity with the company’s cash-generation base. The combination of operating cash flow and capital spending produced $246.80M of positive free cash flow for the period. The free-cash-flow margin was 5.2%, measuring cash remaining after capital spending against revenue. The free-cash-flow-to-assets relationship was 7.7%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Dec 28, 2025. Analysis generated Oct 21, 2026.