Quality Investor

SiteOne Landscape Supply, Inc.

Rank #90Capital Return

SITE · NYSE · Industrials

SiteOne Landscape Supply, Inc. (SITE) — Rank #90 by gross profitability (GP/assets 0.47) · ROE 9.4% · Piotroski F-Score 8 / 9.

As-of 2026-09-15 · CIK 0001650729 · all metrics point-in-time as of the filing date.

About

SiteOne Landscape Supply, Inc., together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada.

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The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; hardscapes, which includes pavers, natural stones, blocks, and other durable materials; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories. It also offers consultative services consisting of assistance with irrigation project take-offs, commercial project planning, generation of sales leads, business operations, and product support services, as well as a series of technical and business management seminars; and distributes branded products of third parties. In addition, the company provides product knowledge and technical expertise, project services, and partners program services. Additionally, it offers plant varieties under the Portfolio brand; and natural stone under the Solstice brand name. The company offers its products under the LESCO, SiteOne Green Tech, and Pro-Trade brand names. It markets its products primarily to residential and commercial landscape professionals who specializes in the design, installation, and maintenance of lawns, gardens, golf courses, and other outdoor spaces through branch network and direct distribution. SiteOne Landscape Supply, Inc.

was founded in 2001 and is headquartered in Roswell, Georgia.

Industry
Industrial Distribution
Sector
Industrials
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
January 3

Price History

SITE-54.1% · -14.4% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

$3.88B

P/E (annual)

26.0

P/S (annual)

0.8

P/B

2.4

P/OCF (annual)

12.9

Shareholder Yield

1.2%

Employees

7,750

Industry

Industrial Distribution

Exchange

NYSE

Signal Flags

4 green
Operating leverage expandingOperating income growing faster than revenue
Deferred revenue growingRevenue and deferred revenue both growing — retention signal
RPO outpacing revenueRemaining performance obligations growing faster than recognized revenue — forward demand building
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 1-quarter streak

Quality Profile

Profitability

1/1 pass
GP / assets
0.47
Return on equity
9.4%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.12
Current ratio
2.33×
Net cash
-$451.80M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
0.6%

Growth

2/2 pass
Revenue growth
3.6%
Piotroski F-Score
8 / 9
Share dilution
-1.2%

Terry Smith quality gate

Passes 1/5 Terry Smith thresholds

1 of 5 threshold not computable from filed data.

What Growth Is Priced In

Implied revenue growth (10Y)

4.7%

incredible deal

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Buyback tailwind: -1.2% — per-share value needs a total required return of 3.5% once share-count change is priced in.

vs. own 6-year median revenue growth: 10.9%

within its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

0.5%

r = 10% (base)

4.7%

r = 12%

8.2%

Net debt / market cap: 11.4%

Base FCF: $246.8M3Y mean FCF: $251.7M

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / E

Price / diluted EPS

44.6xFair
27.9xmed 43.5x56.9x

P / S

Price / revenue per share

1.4xFair
1.0xmed 1.6x2.6x

P / B

Price / book value per share

4.1xCheap
4.1xmed 7.5x11.2x

P / GP

Price / gross profit per share

4.1xFair
3.2xmed 4.5x7.7x

P / FCF

Price / free cash flow per share

27.5xCheap
25.9xmed 34.4x1285.0x

FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.47

Primary signal (Novy-Marx).

2nd of 9 SIC 50 peers

Return on equity

9.4%

Gross margin

34.8%

4th of 9 SIC 50 peers

Revenue growth (YoY)

3.6%

RPO growth (YoY)

28.8%

Remaining performance obligations growth — RPO > revenue = forward demand building.

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2023202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

5.4%

Revenue CAGR (5Y)

11.7%

Earnings CAGR (3Y)

-14.8%

FCF CAGR (3Y)

9.1%

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

1.12

7th of 9 SIC 50 peers (best = lowest)

Current ratio

2.33×

3rd of 9 SIC 50 peers

Quick ratio

0.82×

Net cash

-$451.80M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$246.80M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

0.63

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.6%

Stock-based comp intensity.

Piotroski F-Score

F-Score

8 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20212025
Op. Leverage
Hypergrowth
Value
Capital Return