SiteOne Landscape Supply, Inc. (SITE)

SiteOne Landscape Supply (SITE) is the largest and only national wholesale distributor of landscape supplies in the United States and Canada. Led by CEO Doug Black, SiteOne’s mission is to "Be the distributor of choice for landscape professionals." The company holds a dominant industry position, owning approximately 25% of the fragmented wholesale market. By late 2025, SITE stock has transitioned from an "M&A-First" story to an "Operational Efficiency" story, as the company focused on margin expansion and SG&A leverage during a period of soft residential construction. Its vision is to be a "One-Stop Shop" for every product a landscaper needs, from irrigation to outdoor lighting.

The business operations of SiteOne are built on a network of over 600 branches serving professional contractors. The core growth driver in 2025 has been "Maintenance Segment Resilience," which grew to offset softness in new-build residential upgrades. In Q2 2025, SITE reported net sales of $1.46 billion and expanded its gross margin to 36.4% through improved price realization. The 2026 strategic roadmap focuses on "The Digital Marketplace," aiming to have 40% of contractor orders placed through its "SiteOne Mobile" app to drive labor efficiency. By utilizing its "Scale Moat"—which allows it to buy products at 10%–15% lower costs than local competitors—SiteOne maintains a significant price advantage. This "Procurement Power" is a primary driver for the SITE stock price. The company’s pivot toward "Internal Optimization" has prepared it for a significant earnings jump when the housing cycle turns for SITE stock holders.