SiteOne Landscape Supply Inc. Reports Strong Q4 2025 Results While Steering FY26 Toward Substantial EBITDA Growth

SiteOne Landscape Supply Inc. (NYSE: SITE) released its fourth‑quarter and full‑year 2025 earnings on February 11, 2026, delivering a mix of solid revenue growth, margin expansion, and forward‑looking guidance that has prompted analysts to revise price targets upward.

Q4 2025 Performance

  • Revenue: $1.05 billion, matching consensus estimates and reflecting a 3.98 % year‑over‑year increase. The uptick was driven by continued demand for outdoor lighting, turf‑care equipment, and golf‑course accessories across the U.S. and Canadian markets.
  • GAAP EPS: –$0.20, a narrow loss that surpassed analyst expectations of –$0.31. The improvement stemmed from disciplined cost controls and a sharper focus on high‑margin product lines.
  • Adjusted EBITDA: While not disclosed in the press release, management indicated a target of $425 million to $455 million for FY26, underscoring the company’s confidence in sustaining pricing power and operational efficiencies.

Full‑Year 2025 Highlights

  • Total Revenue: $4.71 billion, a 4.27 % increase from the prior fiscal year’s $4.54 billion.
  • Adjusted EBITDA: The company reiterated its FY26 EBITDA outlook, citing margin expansion and strategic acquisitions as key drivers. A recent acquisition of a complementary distribution network in the Midwest is expected to reinforce SiteOne’s geographic reach.
  • Cash Flow: Operating cash flow improved modestly, reinforcing the company’s ability to fund future growth initiatives and return capital to shareholders.

Analyst Reaction

  • Price Target Adjustments: Truist Securities lifted its target price for SiteOne to $200 USD, a 28 % increase from the previous estimate. The upgrade reflects confidence in the company’s ability to convert margin gains into shareholder value.
  • Guidance Consensus: Ten analysts now project FY26 earnings per share of $3.67, a significant jump from the $2.71 achieved in FY25. Revenue expectations for FY26 are set at $5.05 billion, up 7.8 % from the prior year.
  • Investment Thesis: Analysts emphasize SiteOne’s robust distribution network, diversified product mix, and the potential for further consolidation in the landscape‑supplies sector. The company’s disciplined cost management and pricing strategy are cited as key strengths.

Strategic Context

SiteOne’s trajectory is underpinned by a focused growth strategy that blends organic expansion with selective acquisitions. The recent acquisition of a regional distributor has bolstered the company’s presence in key growth markets, while ongoing initiatives to streamline inventory management and leverage data analytics are expected to enhance operating leverage.

Moreover, the company’s commitment to sustainability—through the promotion of energy‑efficient lighting solutions and low‑impact turf products—positions it favorably amid increasing regulatory scrutiny and consumer demand for green landscaping options.

Forward Outlook

  • FY26 Adjusted EBITDA: Management remains optimistic, projecting $425 million to $455 million, driven by higher average selling prices and controlled operating expenses.
  • Capital Allocation: SiteOne plans to allocate capital toward technology upgrades in its supply‑chain platform, potential further acquisitions, and a modest increase in dividend payout.
  • Risk Factors: Commodity price volatility, supply‑chain disruptions, and competitive pressure remain acknowledged risks; however, the company’s diversified revenue base and strategic inventory buffers mitigate exposure.

In summary, SiteOne Landscape Supply Inc. has demonstrated resilient financial performance in Q4 2025, with revenue growth, margin improvement, and a forward‑looking earnings outlook that has attracted bullish analyst sentiment. The company’s strategic acquisition activities, combined with disciplined cost management and a focus on high‑margin product lines, underpin its trajectory toward substantial EBITDA expansion in FY26 and beyond.