SiteOne Landscape Supply Reports 4% Increase in Net Sales to $4.7 Billion for Fiscal Year 2025

SiteOne Landscape Supply, Inc. reported a 4% increase in net sales for the fiscal year ending December 28, 2025, reaching $4.7 billion, compared to $4.5 billion in the previous fiscal year. The growth was primarily driven by contributions from acquisitions, which accounted for approximately $110.7 million of the increase. Organic daily sales rose by 1%, reflecting steady growth in the maintenance market, although demand in the new residential construction and repair sectors softened. The company's gross profit also increased by 5% to $1.6 billion, with gross margin improving by 40 basis points to 34.8%, attributed to better price realization and operational efficiencies.

In terms of profitability, net income attributable to SiteOne rose by 23% to $151.8 million, up from $123.6 million in the prior year. This increase was supported by the growth in net sales and improved gross margins, alongside a decrease in selling, general, and administrative expenses as a percentage of net sales, which fell to 30.1% from 30.5%. The company reported net cash provided by operating activities of $300.5 million, an increase from $283.4 million in the previous year, reflecting higher net income.

SiteOne continued to expand its operations through strategic acquisitions, completing several transactions in 2025, including the acquisition of French Broad Stone Yards and CC Landscaping Warehouse Plus. These acquisitions are part of the company's strategy to enhance its product offerings and geographic reach. As of December 28, 2025, SiteOne operated over 670 branches across 45 U.S. states and five Canadian provinces, with a diverse product portfolio of approximately 180,000 stock keeping units (SKUs).

The company employed approximately 8,200 associates as of the end of the fiscal year, with a focus on maintaining a high-performing workforce. SiteOne's Partners Program, which had around 62,000 enrolled customers, accounted for approximately 62% of net sales, highlighting the importance of customer loyalty in driving revenue. The company also reported a significant increase in its cash and cash equivalents, totaling $190.6 million, up from $107.1 million in the previous year.

Looking ahead, SiteOne anticipates continued pressure on net sales growth and net income due to ongoing economic uncertainties, including elevated interest rates and weakened consumer confidence. However, the long-term outlook for the landscape supply industry remains positive, driven by favorable population trends and sustained interest in outdoor living spaces. The company is committed to leveraging its scale and resources to pursue growth opportunities, both organically and through acquisitions, while focusing on margin expansion and operational efficiencies.