SiteOne Landscape Supply,  No. 10 on MDM’s list of Top Building Materials/Construction Distributors, announced earnings for its fourth quarter and full fiscal year ended Dec. 28, 2025.

SiteOne’s Chairman and CEO Doug Black called the quarter “a good close to a challenging year as we delivered positive organic daily sales growth and continued adjusted EBITDA margin expansion despite a persistently unfavorable operating environment.”

Fourth Quarter 2025

Net sales for the fourth quarter 2025 increased to $1.05 billion, or 3%, compared to $1.01 billion for the prior-year period. The company reported that organic daily sales increased 2% compared to the prior-year period, primarily driven by improved pricing, sales initiatives and solid demand in the maintenance end market. Acquisitions contributed $12.2 million, or 1%, to net sales growth for the quarter.

Gross profit increased 6% to $356.8 million for the fourth quarter 2025 compared to $337.6 million for the prior-year period. Gross margin improved 80 basis points to 34.1%, primarily due to improved price realization and a positive contribution from acquisitions.

Selling, general and administrative expenses (SG&A) for the fourth quarter 2025 increased to $365.9 million from $364.5.

Net loss attributable to SiteOne for the fourth quarter 2025 was $9.0 million, compared to a net loss of $21.7 million for the prior-year period, driven by net sales growth, improved gross margin, and SG&A leverage.

Adjusted EBITDA for the fourth quarter 2025 increased 18% to $37.6 million, compared to $31.8 million for the prior-year period. Adjusted EBITDA margin improved 50 basis points to 3.6%.

Fiscal 2025 Results

Net sales for fiscal 2025 increased to $4.70 billion, or 4%, compared to $4.54 billion for the fiscal year ended Dec. 29, 2024. SiteOne reported that organic daily sales for fiscal 2025 increased 1% compared to fiscal 2024, due to steady growth in the maintenance end market and execution of sales initiatives, partially offset by softer demand in the new residential construction and repair and upgrade end markets. Acquisitions contributed $110.7 million, or 2%, to net sales growth for fiscal 2025.

Gross profit for FY25 increased to $1.64 billion, up 5% compared to $1.56 billion for the prior-year. Gross margin for the year improved 40 basis points to 34.8% compared to 34.4% in FY24. The company reported that the increase in gross margin reflects improved price realization, benefits from commercial initiatives, and a positive contribution from acquisitions, partially offset by higher freight and logistics costs supporting our growth.

SG&A for FY25 increased to $1.42 billion from $1.39 billion in fiscal 2024. SG&A as a percentage of net sales decreased by 40 basis points to 30.1% compared to the prior-year, primarily driven by improved operating leverage from productivity initiatives and better cost alignment with market demand. SG&A as a percentage of net sales for the base business decreased 50 basis points compared to the prior-year.

Net income attributable to SiteOne for FY25 increased to $151.8 million, or 23%, compared to $123.6 million for FY24. The increase in net income primarily reflects Net sales growth, improved gross margin, and SG&A leverage.For the year, Adjusted EBITDA¹ increased 10% to $414.2 million, compared to $378.2 million in Fiscal 2024. Adjusted EBITDA margin improved 50 basis points to 8.8%, compared to fiscal 2024.

Balance Sheet and Liquidity

Net debt, calculated as long-term debt (net of issuance costs and discounts) plus finance leases, net of cash and cash equivalents on our balance sheet as of Dec. 28, 2025, was $329.6 million compared to $411.7 million as of Dec. 29, 2024. Net debt to adjusted EBITDA for the last twelve months was 0.8 times compared to 1.1 times at the end of the prior fiscal year.

View the full press release here.