Does SiteOne Landscape Supply, Inc. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores SiteOne Landscape Supply, Inc. (SITE) 58.4 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 58, returns on capital 60, balance-sheet safety 56, capital discipline 60.

Is SITE stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $35.37 per share versus a recent price of $103.73 — 193% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has SITE's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 58.4 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

SiteOne Landscape Supply, Inc.

SITE · Industrials · $4.6B mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power58

Median gross margin 33.8% over 10y, very stable.

Returns on capital60

Median ROIC 11.5%, above the 9% hurdle in 90% of years.

Balance-sheet safety56

Net debt/EBITDA 0.8x, interest coverage 7x.

Capital discipline60

Owner earnings +18.2%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

193% above value

Owner earnings (normalized): $141.3M
Est. intrinsic value / share: $35.37
Recent price: $103.73
Discount to value: 193% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

13 years of fundamentals

The business, in plain English

SiteOne Landscape Supply, Inc. booked $4.7B of revenue in FY2025 in the Industrials sector and kept 34.8% of it as gross profit — a moderate-margin business by that measure. After every other cost, 3.2% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $1.2B (FY2014) to $4.7B (FY2025) — about 13.4% a year compounded over 11 years.

It earned 10.0% on invested capital in FY2025, with a median of 12.2% across 12 filed years. The Returns on Capital filter above scores it 60/100.

The balance sheet carried $385.4M of total debt in FY2025 against $98.1M of owner earnings — roughly 3.9 years of owner earnings to retire it all. Balance-Sheet Safety scores it 56/100.

The share count rose 211.5% between FY2015 and FY2025 — existing owners have been diluted over the record. Capital Discipline scores it 60/100.

Put together: Capital Discipline is the strongest of the four filters (60/100) and Balance-Sheet Safety the weakest (56/100), which is how SITE lands at 58/100 — a Shallow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

RevenueSales, as filed$4.7B FY2025

Gross marginRevenue kept after cost of goods34.8% FY2025

Return on invested capitalOperating profit on the capital employed10.0% FY2025

Owner earningsCash an owner could take out$98.1M FY2025

Gaps in a line mean that item isn’t in SITE’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale58.4 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — SITE has read Shallow moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Industrials context

#85 of 309 scored Industrials companies, ranked by Moat Score.

Nearest peers by Moat Score

#83HLIO HELIOS TECHNOLOGIES, INC.58.7 out of 100, Shallow moatShallow moat
#84MYRG MYR GROUP INC.58.5 out of 100, Shallow moatShallow moat
#86VMI VALMONT INDUSTRIES INC58.3 out of 100, Shallow moatShallow moat
#87ALG ALAMO GROUP INC.58.2 out of 100, Shallow moatShallow moat

Compare SITE with its nearest peers →All Industrials companies on the Index →

Common questions about SITE

Does SiteOne Landscape Supply, Inc. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores SiteOne Landscape Supply, Inc. (SITE) 58.4 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 58, returns on capital 60, balance-sheet safety 56, capital discipline 60.
Is SITE stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $35.37 per share versus a recent price of $103.73 — 193% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has SITE's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 58.4 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell SITE. See the disclaimer.