SiteOne Landscape Supply, Inc. (SITE) 10-Year Financial Performance & Capital Metrics

SITE • • Industrial / General

IndustrialsIndustrial DistributionLandscape & Outdoor Supply DistributionLandscape & Irrigation Distributors

AboutSiteOne Landscape Supply, Inc. engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 135,000 stock keeping units, including irrigation supplies, which comprise controllers, valves, sprinkler heads, and irrigation pipes; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; 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; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories. It also offers consultative services consisting of assistance with irrigation network design, commercial project planning, generation of sales leads, business operations, product support services, and a series of technical and business management seminars; and distributes branded products of third parties. 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 specialize in the design, installation, and maintenance of lawns, gardens, golf courses, and other outdoor spaces through branch network and direct distribution. As of January 2, 2022, the company had approximately 590 branches in 45 U.S. States and six Canadian provinces. SiteOne Landscape Supply, Inc. was incorporated in 2013 and is headquartered in Roswell, Georgia.Show more

Revenue $4.54B +5.6%
EBITDA $331M -12.4%
Net Income $124M -28.7%
EPS (Diluted) 2.71 -28.7%
Gross Margin 34.36% -0.9%
EBITDA Margin 7.3% -17.0%
Operating Margin 4.24% -27.2%
Net Margin 2.72% -32.5%
ROE 8.03% -35.4%
ROIC 6.14% -30.1%
Debt/Equity 0.60 +3.1%
Interest Coverage 6.03 -34.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 14.0%
✓Trading near 52-week high
✓Efficient asset utilization: 1.5x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y14.46%

5Y14.01%

3Y9.32%

TTM4%

Profit (Net Income) CAGR

10Y19%

5Y9.73%

3Y-19.67%

TTM-1.97%

EPS CAGR

10Y-

5Y8.29%

3Y-19.53%

TTM-0.47%

ROCE

10Y Avg14.21%

5Y Avg14.94%

3Y Avg12.9%

Latest8.22%

Peer Comparison

Landscape & Irrigation Distributors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SITESiteOne Landscape Supply, Inc.	6.67B	149.81	55.28	5.57%	2.98%	8.07%	3.58%	0.60

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.45B	1.65B	1.86B	2.11B	2.36B	2.7B	3.48B	4.01B	4.3B	4.54B
Revenue Growth %	0.23%	0.14%	0.13%	0.13%	0.12%	0.15%	0.29%	0.16%	0.07%	0.06%
Cost of Goods Sold+	1.02B	1.13B	1.27B	1.43B	1.58B	1.8B	2.26B	2.59B	2.81B	2.98B
COGS % of Revenue	0.7%	0.69%	0.68%	0.68%	0.67%	0.67%	0.65%	0.65%	0.65%	0.66%
Gross Profit+	429.1M	515.7M	595.5M	678.1M	773.2M	901.3M	1.21B	1.42B	1.49B	1.56B
Gross Margin %	0.3%	0.31%	0.32%	0.32%	0.33%	0.33%	0.35%	0.35%	0.35%	0.34%
Gross Profit Growth %	0.38%	0.2%	0.15%	0.14%	0.14%	0.17%	0.35%	0.17%	0.05%	0.05%
Operating Expenses+	369.3M	441.7M	497.7M	570.8M	648.3M	721.5M	898.9M	1.09B	1.24B	1.37B
OpEx % of Revenue	0.25%	0.27%	0.27%	0.27%	0.27%	0.27%	0.26%	0.27%	0.29%	0.3%
Selling, General & Admin	373.3M	446.5M	502.2M	578.8M	654.3M	728.2M	900.6M	1.1B	1.26B	1.39B
SG&A % of Revenue	0.26%	0.27%	0.27%	0.27%	0.28%	0.27%	0.26%	0.27%	0.29%	0.31%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-4M	-4.8M	-4.5M	-8M	-6M	-6.7M	-1.7M	-8.6M	-15.7M	-17.3M
Operating Income+	59.8M	74M	97.8M	107.3M	124.9M	179.8M	313.7M	333.1M	250.3M	192.3M
Operating Margin %	0.04%	0.04%	0.05%	0.05%	0.05%	0.07%	0.09%	0.08%	0.06%	0.04%
Operating Income Growth %	0.32%	0.24%	0.32%	0.1%	0.16%	0.44%	0.74%	0.06%	-0.25%	-0.23%
EBITDA+	91M	111M	140.9M	159.6M	184.4M	247M	396.7M	436.9M	378M	331.3M
EBITDA Margin %	0.06%	0.07%	0.08%	0.08%	0.08%	0.09%	0.11%	0.11%	0.09%	0.07%
EBITDA Growth %	0.39%	0.22%	0.27%	0.13%	0.16%	0.34%	0.61%	0.1%	-0.13%	-0.12%
D&A (Non-Cash Add-back)	31.2M	37M	43.1M	52.3M	59.5M	67.2M	83M	103.8M	127.7M	139M
EBIT	59.8M	74M	97.8M	107.3M	124.9M	179.8M	313.7M	333.1M	250.3M	192.3M
Net Interest Income+	-11.4M	-22.1M	-25.2M	-32.1M	-33.4M	-31M	-19.2M	-20M	-27.1M	-31.9M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	11.4M	22.1M	25.2M	32.1M	33.4M	31M	19.2M	20M	27.1M	31.9M
Other Income/Expense	-11.4M	-22.1M	-25.2M	-32.1M	-33.4M	-31M	-19.2M	-20M	-27.1M	-31.9M
Pretax Income+	48.4M	51.9M	72.6M	75.2M	91.5M	148.8M	294.5M	313.1M	223.2M	160.4M
Pretax Margin %	0.03%	0.03%	0.04%	0.04%	0.04%	0.06%	0.08%	0.08%	0.05%	0.04%
Income Tax+	19.5M	21.3M	18M	1.3M	13.8M	27.5M	56.1M	67.7M	49.8M	36M
Effective Tax Rate %	0.6%	0.59%	0.75%	0.98%	0.85%	0.82%	0.81%	0.78%	0.78%	0.77%
Net Income+	28.9M	30.6M	54.6M	73.9M	77.7M	121.3M	238.4M	245.4M	173.4M	123.6M
Net Margin %	0.02%	0.02%	0.03%	0.03%	0.03%	0.04%	0.07%	0.06%	0.04%	0.03%
Net Income Growth %	0.33%	0.06%	0.78%	0.35%	0.05%	0.56%	0.97%	0.03%	-0.29%	-0.29%
Net Income (Continuing)	28.9M	30.6M	54.6M	73.9M	77.7M	121.3M	238.4M	245.4M	173.4M	124.4M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	19.4M
EPS (Diluted)+	-1.04	-3.01	1.29	1.73	1.82	2.75	5.20	5.36	3.80	2.71
EPS Growth %	-2.59%	-1.89%	1.43%	0.34%	0.05%	0.51%	0.89%	0.03%	-0.29%	-0.29%
EPS (Basic)	-1.04	-3.01	1.37	1.73	1.89	2.83	5.35	5.45	3.84	2.73
Diluted Shares Outstanding	14.25M	30.32M	42.19M	42.63M	42.75M	44.09M	45.81M	45.78M	45.69M	45.65M
Basic Shares Outstanding	14.21M	30.32M	39.75M	42.63M	41.22M	42.86M	44.58M	45.05M	45.11M	45.24M
Dividend Payout Ratio	1.86%	6.18%	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	444.6M	490M	601.9M	765.4M	765.8M	851.6M	1.13B	1.32B	1.41B	1.55B
Cash & Short-Term Investments	22.5M	16.3M	16.7M	17.3M	19M	55.2M	53.7M	29.1M	82.5M	107.1M
Cash Only	22.5M	16.3M	16.7M	17.3M	19M	55.2M	53.7M	29.1M	82.5M	107.1M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	144.1M	170.6M	222.6M	295.3M	290.4M	299.6M	397.1M	466.4M	490.6M	559.4M
Days Sales Outstanding	36.23	37.78	43.64	51.03	44.96	40.43	41.7	42.41	41.63	44.97
Inventory	265.9M	289.6M	338.3M	411.7M	427.1M	458.6M	636.6M	767.7M	771.2M	827.2M
Days Inventory Outstanding	94.92	93.34	97.52	104.78	98.4	92.83	102.67	108.06	100.17	101.3
Other Current Assets	0	0	0	0	0	0	0	56.1M	61M	55.9M
Total Non-Current Assets+	226.5M	252.6M	308.8M	403.1M	677.5M	844.1M	987.3M	1.21B	1.42B	1.52B
Property, Plant & Equipment	66.2M	69.8M	75.5M	88.4M	335.9M	386.5M	450M	510.4M	638.3M	707.4M
Fixed Asset Turnover	21.93x	23.61x	24.66x	23.89x	7.02x	7.00x	7.72x	7.87x	6.74x	6.42x
Goodwill	48M	70.8M	106.5M	148.4M	181.3M	250.6M	311.1M	411.9M	485.5M	518.1M
Intangible Assets	104.3M	103.3M	112.8M	155.6M	150.6M	196.3M	213.9M	276M	280.8M	261M
Long-Term Investments	0	-1.8M	600K	1.1M	0	0	2.5M	7.7M	1.3M	0
Other Non-Current Assets	8M	8.7M	14M	10.7M	7.8M	8.3M	6.6M	4.9M	12.4M	16.2M
Total Assets+	671.1M	742.6M	910.7M	1.17B	1.44B	1.7B	2.12B	2.53B	2.83B	3.07B
Asset Turnover	2.16x	2.22x	2.04x	1.81x	1.63x	1.59x	1.64x	1.58x	1.52x	1.48x
Asset Growth %	0.21%	0.11%	0.23%	0.28%	0.24%	0.17%	0.25%	0.2%	0.12%	0.09%
Total Current Liabilities+	147M	185.5M	205.8M	282.4M	310.8M	368.6M	512.9M	559.8M	578.3M	640.8M
Accounts Payable	86.4M	108.3M	124.1M	184.6M	162.2M	172.8M	254.5M	279.7M	270.8M	315.5M
Days Payables Outstanding	30.84	34.9	35.77	46.98	37.37	34.98	41.05	39.37	35.18	38.64
Short-Term Debt	6.8M	3M	3.5M	4.5M	4.5M	2.8M	4M	4M	5.3M	4.3M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	30M	36.7M	40.1M	42.1M	39.7M	69.2M	99.3M	81.2M	74.2M	70.9M
Current Ratio	3.02x	2.64x	2.92x	2.71x	2.46x	2.31x	2.20x	2.36x	2.43x	2.42x
Quick Ratio	1.22x	1.08x	1.28x	1.25x	1.09x	1.07x	0.96x	0.99x	1.10x	1.13x
Cash Conversion Cycle	100.31	96.21	105.39	108.82	105.99	98.29	103.33	111.1	106.63	107.63
Total Non-Current Liabilities+	615.1M	408.3M	492.1M	584.3M	739.3M	532.1M	545.5M	671.2M	764.5M	838.1M
Long-Term Debt	177.1M	372.5M	460.1M	553.7M	520.4M	260.7M	251.2M	346.6M	367.6M	383.9M
Capital Lease Obligations	7.1M	6.7M	6.8M	9.5M	202.5M	240.7M	278.6M	304M	383.1M	443.2M
Deferred Tax Liabilities	26.2M	20M	8.4M	7.1M	3.2M	5.4M	5.1M	7.8M	2.3M	0
Other Non-Current Liabilities	8.9M	9.1M	16.8M	14M	13.2M	25.3M	10.6M	12.8M	11.5M	11M
Total Liabilities	762.1M	593.8M	697.9M	866.7M	1.05B	900.7M	1.06B	1.23B	1.34B	1.48B
Total Debt+	370M	386.5M	475.3M	572.9M	782.7M	568M	606.9M	739.5M	861.4M	951.3M
Net Debt	347.5M	370.2M	458.6M	555.6M	763.7M	512.8M	553.2M	710.4M	778.9M	844.2M
Debt / Equity	-	2.60x	2.23x	1.90x	1.99x	0.71x	0.57x	0.57x	0.58x	0.60x
Debt / EBITDA	4.07x	3.48x	3.37x	3.59x	4.24x	2.30x	1.53x	1.69x	2.28x	2.87x
Net Debt / EBITDA	3.82x	3.34x	3.25x	3.48x	4.14x	2.08x	1.39x	1.63x	2.06x	2.55x
Interest Coverage	5.25x	3.35x	3.88x	3.34x	3.74x	5.80x	16.34x	16.66x	9.24x	6.03x
Total Equity+	-91M	148.8M	212.8M	301.8M	393.2M	795M	1.06B	1.3B	1.49B	1.59B
Equity Growth %	-2.15%	2.64%	0.43%	0.42%	0.3%	1.02%	0.33%	0.23%	0.14%	0.07%
Book Value per Share	-6.39	4.91	5.04	7.08	9.20	18.03	23.09	28.46	32.53	34.87
Total Shareholders' Equity	-91M	148.8M	212.8M	301.8M	393.2M	795M	1.06B	1.3B	1.49B	1.57B
Common Stock	100K	400K	400K	400K	400K	400K	400K	500K	500K	500K
Retained Earnings	-89.9M	-69.7M	-15.1M	60.1M	137.8M	259.1M	497.5M	742.9M	916.3M	1.04B
Treasury Stock	0	0	0	0	0	0	-300K	-25.3M	-36.7M	-88.3M
Accumulated OCI	-1.2M	-1.2M	-300K	-800K	-6.5M	-6.3M	-2.2M	7.7M	4.2M	-6.1M
Minority Interest	0	0	0	0	0	0	0	0	0	19.4M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	71M	72.9M	16.3M	78.1M	130.8M	229.4M	210.8M	217.2M	297.5M	283.4M
Operating CF Margin %	0.05%	0.04%	0.01%	0.04%	0.06%	0.08%	0.06%	0.05%	0.07%	0.06%
Operating CF Growth %	0.35%	0.03%	-0.78%	3.79%	0.67%	0.75%	-0.08%	0.03%	0.37%	-0.05%
Net Income	28.9M	30.6M	54.6M	73.9M	77.7M	121.3M	238.4M	245.4M	173.4M	124.4M
Depreciation & Amortization	31.2M	37M	43.1M	52.3M	59.5M	67.2M	83M	103.8M	127.7M	139M
Stock-Based Compensation	3M	4.7M	5.9M	7.9M	11.7M	10.6M	14.3M	18.3M	25.7M	25M
Deferred Taxes	-7.5M	-9.9M	-16.5M	-7.1M	-3.4M	400K	-3.1M	-5.2M	-14.5M	-11M
Other Non-Cash Items	4.9M	3.9M	3.8M	2.8M	3.6M	7.4M	9.5M	3.2M	-4.9M	4.5M
Working Capital Changes	10.5M	6.6M	-74.6M	-51.7M	-18.3M	22.5M	-131.3M	-148.3M	-9.9M	1.5M
Change in Receivables	-11.4M	-18.7M	-40.5M	-43.4M	6.1M	3M	-88.6M	-44.6M	-6.5M	-52.8M
Change in Inventory	3.7M	-600K	-31M	-38.5M	-3M	-7.9M	-156.9M	-99.3M	38.1M	19M
Change in Payables	-8.9M	8.2M	7.1M	40.4M	-29M	-4.3M	74.4M	8.9M	-35.1M	29.7M
Cash from Investing+	-111M	-74.9M	-98.6M	-164.1M	-91.9M	-184.2M	-182M	-284.4M	-226M	-177.1M
Capital Expenditures	-10.5M	-8.8M	-16M	-19.9M	-21.4M	-25.8M	-37M	-41.7M	-32.1M	-44.8M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	200K	300K	300K	3.5M	1M	1M	2.2M	2.2M	-1.2M	5.9M
Cash from Financing+	49.7M	-1.8M	82.5M	86.8M	-37.3M	-9.1M	-30.4M	43.4M	-18.3M	-80.9M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-53.7M	-189M	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1M	-6.3M	-2.3M	-6.8M	-4.4M	-6.5M	-13.3M	-20.6M	-15.5M	-15.2M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	60.5M	64.1M	300K	58.2M	109.4M	203.6M	173.8M	175.5M	261.5M	238.6M
FCF Margin %	0.04%	0.04%	0%	0.03%	0.05%	0.08%	0.05%	0.04%	0.06%	0.05%
FCF Growth %	0.25%	0.06%	-1%	193%	0.88%	0.86%	-0.15%	0.01%	0.49%	-0.09%
FCF per Share	4.25	2.11	0.01	1.37	2.56	4.62	3.79	3.83	5.72	5.23
FCF Conversion (FCF/Net Income)	2.46x	2.38x	0.30x	1.06x	1.68x	1.89x	0.88x	0.89x	1.72x	2.29x
Interest Paid	8.4M	16.5M	23.9M	26.2M	30.3M	27.3M	15.6M	15.5M	26.8M	29.8M
Taxes Paid	21.9M	24.3M	35.9M	14.5M	16M	25.2M	55.8M	82.1M	46M	57.6M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	105.88%	30.2%	28.72%	22.36%	20.42%	25.74%	20.79%	12.43%	8.03%
Return on Invested Capital (ROIC)	19.62%	14.31%	12.32%	10.53%	9.3%	10.94%	16.12%	13.79%	8.78%	6.14%
Gross Margin	29.56%	31.29%	31.99%	32.1%	32.8%	33.33%	34.89%	35.41%	34.67%	34.36%
Net Margin	1.99%	1.86%	2.93%	3.5%	3.3%	4.49%	6.86%	6.11%	4.03%	2.72%
Debt / Equity	-	2.60x	2.23x	1.90x	1.99x	0.71x	0.57x	0.57x	0.58x	0.60x
Interest Coverage	5.25x	3.35x	3.88x	3.34x	3.74x	5.80x	16.34x	16.66x	9.24x	6.03x
FCF Conversion	2.46x	2.38x	0.30x	1.06x	1.68x	1.89x	0.88x	0.89x	1.72x	2.29x
Revenue Growth	23.37%	13.54%	12.95%	13.46%	11.61%	14.72%	28.52%	15.5%	7.14%	5.57%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Landscaping Products	-	-	1.47B	1.67B	1.98B	2.58B	3.06B	3.36B	3.53B
Landscaping Products Growth	-	-	-	13.78%	18.57%	30.49%	18.37%	9.81%	4.95%
Agronomic	567.9M	596.3M	643.9M	686.8M	723.6M	890.9M	954.9M	941.6M	1.01B
Agronomic Growth	-	5.00%	7.98%	6.66%	5.36%	23.12%	7.18%	-1.39%	7.75%
Irrigation and Outdoor Lighting	605.9M	621.4M	-	-	-	-	-	-	-
Irrigation and Outdoor Lighting Growth	-	2.56%	-	-	-	-	-	-	-
Landscape and Other	283.9M	408M	-	-	-	-	-	-	-
Landscape and Other Growth	-	43.71%	-	-	-	-	-	-	-
Nursery	190.5M	236M	-	-	-	-	-	-	-
Nursery Growth	-	23.88%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

SiteOne Landscape Supply, Inc. (SITE) has a price-to-earnings (P/E) ratio of 55.3x. This suggests investors expect higher future growth.

Growth & Financials

SiteOne Landscape Supply, Inc. (SITE) reported $4.67B in revenue for fiscal year 2024. This represents a 336% increase from $1.07B in 2013.

SiteOne Landscape Supply, Inc. (SITE) grew revenue by 5.6% over the past year. This is steady growth.

Yes, SiteOne Landscape Supply, Inc. (SITE) is profitable, generating $139.1M in net income for fiscal year 2024 (2.7% net margin).

Dividend & Returns

SiteOne Landscape Supply, Inc. (SITE) has a return on equity (ROE) of 8.0%. This is below average, suggesting room for improvement.

SiteOne Landscape Supply, Inc. (SITE) generated $205.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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