The Short Answer
SiteOne stock (SITE) has a qualitative business verdict that is HALAL and passes the known filing-based financial ratios, but the overall screen remains incomplete. SiteOne is the largest wholesale distributor of landscaping products in North America.
Wholesale distribution of landscaping and irrigation products is generally permissible at the activity level. The March 29, 2026 filing reports debt/assets of 19.33%, liquidity/assets of 2.43% and receivables-plus-cash/assets of 19.11%; gross interest income and activity classification remain incomplete.
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-29; calculated 2026-07-15.
668.5 / 3,457.5
84 / 3,457.5
660.8 / 3,457.5
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 19.33%, liquidity/assets is 2.43% and receivables-plus-cash/assets is 19.11%; gross interest income and activity remain unavailable.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and receivables-plus-cash ratios are below the examined MSCI limits; this is not an index-membership claim and activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and identifiable liquidity/assets are below the examined Malaysia limits; this is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored; filing-based asset ratios remain documented.
Business-activity disclosure
SiteOne Landscape Supply distributes irrigation, nursery, landscape lighting, hardscape and agronomic products and related services to landscape professionals. The general-purpose distribution and outdoor-products activity is generally permissible, but the filing does not provide a universal prohibited-revenue numerator for downstream end uses.
Limitation: No universal prohibited-activity revenue numerator or scholar-specific purification percentage is disclosed; product and customer end-use allocation remains qualitative.
Purification
The filing does not separately disclose gross interest income; ZakatInvest does not infer a purification amount or prescribe a fixed scholar-approved percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from SiteOne Landscape Supply's March 29, 2026 Form 10-Q.
- Debt combines $535.8 million of reported total debt and $132.7 million of finance-lease liabilities; operating leases are excluded.
- Cash and cash equivalents are $84.0 million and net accounts receivable are $576.8 million; no separate interest-bearing securities balance is identified.
- First-quarter net sales are $940.1 million. Other income is reported without a separately reproducible gross interest-income numerator.
- Landscape-products distribution and services are retained as qualitative analysis; no universal prohibited-revenue numerator is disclosed.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
Sharia Screening Methodology
Islamic scholars use several criteria to screen stocks:
- Business activity screen: Is the company's primary business halal?
- Debt ratio: Total debt / market cap must be under 33%
- Interest income: Interest income / total revenue must be under 5%
- Haram revenue: Revenue from haram sources must be under 5%
- Receivables ratio: Total receivables / total assets must be under 49–70% (varies by board)
SiteOne's Business Activity
SiteOne distributes:
- Irrigation and agronomic products: Irrigation supplies, fertilizer, and control products
- Landscaping materials: Nursery goods, hardscapes, and landscape accessories
- Outdoor products: Outdoor-lighting and related materials for landscape professionals
This is a general-purpose wholesale-distribution business serving residential and commercial landscape professionals. This is permissible at the activity level.
Concerns to Be Aware Of
1. Leverage — The Primary Screen
The filing reports total debt and finance leases of $668.5 million. ZakatInvest does not substitute a debt-to-market-cap calculation because market capitalization is not part of this filing-based record; the named asset-based screens are shown separately.
2. Acquisition Activity
SiteOne is a highly active acquirer of regional distributors. Acquisition activity can affect leverage and goodwill, so the financial screen should be re-verified following material transactions.
3. Seasonality and Cyclicality
Earnings are seasonal and sensitive to residential-and-commercial-construction and landscaping-spending cycles. This is a business-cycle consideration rather than a Sharia screen concern.
Filing-Based Ratios (March 29, 2026)
Using SiteOne's latest Form 10-Q (USD millions):
- Debt / total assets: 19.33%
- Cash + securities / total assets: 2.43%
- Receivables + cash / total assets: 19.11%
- Gross interest income: Not separately disclosed
Methodology Interpretation
These are ZakatInvest calculations from the cited filing, not claims of current index membership or an official scholar ruling:
- FTSE-style: Known ratios pass; gross interest income and activity remain incomplete.
- MSCI-style: Known financial ratios pass; this is not an index-membership claim.
- Malaysia-style: Known debt and liquidity ratios pass; this is not an official classification.
Bottom Line
SiteOne (SITE) has a generally permissible wholesale-distribution business and passes the known filing-based ratios. Because gross interest income and a universal prohibited-revenue numerator are not disclosed, the overall result remains incomplete rather than a universal halal certification; consult the methodology you follow.
For Muslim investors seeking distribution exposure, SITE sits alongside other halal-screened names like Pool Corporation (POOL) and Watsco (WSO).
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