SiteOne Landscape Supply, Inc.

Listed Company

SITECIK 0001650729NYSELarge AcceleratedWholesale-Professional & Commercial Equipment & SuppliesDelawareFY ends Jan 3

Period

FY 2025

Revenue

$4.70B

Net Income

$157.40M

Total Assets

$3.22B

Equity

$1.66B

Shares Out

44.31M

Op. Cash Flow

$300.50M

Business

SiteOne Landscape Supply, Inc. is a national wholesale distributor of landscape supplies serving professional landscape contractors. It offers a comprehensive portfolio of approximately 170,000 SKUs, including irrigation supplies, fertilizer and control products, hardscapes, landscape accessories, nursery goods, outdoor lighting, proprietary branded products, and value-added consultative services. Operations are organized into local branch and area teams supported by regional and divisional management, a national account sales organization, proprietary brands, and project services. The company distributes across the United States and Canada through an extensive branch network, direct distribution, delivery fleet, and B2B e-commerce channels.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	4,705	4,541	4,301	4,015	3,476
Cost of goods sold	3,070	2,981	2,810	2,593	2,263
Gross profit	1,635	1,560	1,491	1,422	1,213
Selling, general and administrative expenses	1,416	1,385	1,257	1,097	901
Other income	19	17	16	9	2
Operating income	238	192	250	333	314
Interest and other non-operating expenses, net	35	32	27	20	—
Income before taxes	203	160	223	313	295
Income tax expense	46	36	50	68	56
Net income	157	124	173	245	—
Net income attributable to non-controlling interest	2	800,000	0	0	—
Adjustment of non-controlling interest to redemption value	4	0	0	—	—
Net income attributable to SiteOne	152	124	173	—	—
Basic (in dollars per share)	3.39	2.73	3.84	5.45	5.35
Diluted (in dollars per share)	3.37	2.71	3.8	5.36	5.2
Basic (in shares)	45	45	45	45	45
Diluted (in shares)	45	46	46	46	46

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	191	107	83	29	54
Accounts receivable, net of allowance for doubtful accounts of $33.3 and $26.9, respectively	547	547	491	456	394
Inventory, net	877	827	771	768	637
Income tax receivable	22	12	0	11	3
Prepaid expenses and other current assets	63	56	61	56	41
Total current assets	1,699	1,550	1,405	1,319	1,129
Property and equipment, net (Note 4)	295	292	249	189	152
Operating lease right-of-use assets, net (Note 6)	440	415	389	322	299
Goodwill (Note 5)	530	518	486	412	311
Intangible assets, net (Note 5)	220	261	281	276	214
Deferred tax assets (Note 1 and Note 9)	15	19	5	4	3
Other assets	21	16	14	13	9
Total assets	3,220	3,071	2,829	2,534	2,116
Accounts payable	311	316	271	280	255
Current portion of finance leases (Note 6)	33	30	22	15	11
Current portion of operating leases (Note 6)	97	90	84	70	62
Accrued compensation	105	71	74	81	99
Long-term debt, current portion (Note 8)	4	4	5	4	4
Accrued liabilities	137	130	115	110	82
Total current liabilities	687	641	578	560	513
Other long-term liabilities	4	11	12	13	11
Finance leases, less current portion (Note 6)	102	101	70	44	34
Operating leases, less current portion (Note 6)	363	342	313	260	244
Long-term debt, less current portion (Note 1 and Note 8)	382	384	368	347	251
Total liabilities	1,536	1,479	1,343	1,231	1,058
Commitments and contingencies (Note 10)	—	—	—	—	—
Redeemable non-controlling interest (Note 1)	24	19	0	0	0
Common stock, par value $0.01; 1,000,000,000 shares authorized; 45,895,384 and 45,601,760 shares issued, and 44,390,032 and 44,913,296 shares outstanding at December 28, 2025 and December 29, 2024, respectively	500,000	500,000	500,000	500,000	400,000
Additional paid-in capital	658	627	602	577	562
Retained earnings	1,192	1,040	916	743	498
Accumulated other comprehensive loss	−5	−6	4	8	−2
Treasury stock, at cost, 1,505,352 and 688,464 shares at December 28, 2025 and December 29, 2024, respectively	−186	−88	−37	−25	−300,000
Total stockholders equity	1,659	1,573	1,486	1,303	1,058
Total liabilities, redeemable non-controlling interest, and stockholders equity	3,220	3,071	2,829	2,534	2,116

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of finance lease right-of-use assets and depreciation	81	75	64	52	36
Stock-based compensation	27	25	26	18	14
Amortization of software and intangible assets	60	64	64	52	47
Amortization of debt related costs	1	1	1	1	2
Loss on extinguishment of debt	0	2	0	600,000	800,000
(Gain) loss on sale of equipment	−300,000	500,000	−500,000	−800,000	−100,000
Deferred income taxes	4	−11	−15	−5	−3
Other	−3	900,000	−6	2	7
Receivables	4	−42	−17	−45	−92
Inventory	−43	19	38	−99	−157
Income tax receivable	−10	−11	11	−8	4
Prepaid expenses and other assets	−6	2	−4	4	−3
Accounts payable	−6	30	−35	9	74
Income tax payable	0	−8	8	0	0
Accrued expenses and other liabilities	35	12	−10	−9	43
Net Cash Provided By Operating Activities	301	283	298	217	211
Purchases of property and equipment	−54	−41	−32	−27	−33
Purchases of intangible assets	−1	−4	−4	−15	−5
Acquisitions, net of cash acquired	−38	−138	−193	−245	−147
Proceeds from the sale of property and equipment	10	6	3	2	2
Net Cash Used In Investing Activities	−83	−177	−226	−284	−182
Equity proceeds from common stock	10	6	5	4	9
Repurchases of common shares	−98	−51	−12	−24	0
Distributions to non-controlling interest	−1	0	0	—	—
Borrowings under term loan	0	220	120	0	325
Repayments under term loan	−4	−197	−3	−3	−339
Borrowings on asset-based credit facilities	321	382	434	733	162
Repayments on asset-based credit facilities	−320	−398	−527	−633	−162
Payments of debt issuance costs	0	−2	−2	−2	−2
Payments on finance lease obligations	−33	−27	−19	−13	−10
Payments of acquisition related contingent obligations	−4	−6	−8	−10	−9
Other financing activities	−5	−7	−8	−8	−5
Net Cash Used In Financing Activities	−135	−81	−18	43	−30
Effect of exchange rate on cash	1	−800,000	200,000	−800,000	100,000
Net Change In Cash	84	25	53	−25	−2
Cash paid during the year for interest	35	30	27	16	16
Cash paid during the year for income taxes	38	58	46	82	56

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro