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Side-by-side financial comparison of NGL Energy Partners LP (NGL) and SiteOne Landscape Supply, Inc. (SITE). Click either name above to swap in a different company.

SiteOne Landscape Supply, Inc. is the larger business by last-quarter revenue ($940.1M vs $909.8M, roughly 1.0× NGL Energy Partners LP). On growth, SiteOne Landscape Supply, Inc. posted the faster year-over-year revenue change (0.1% vs -41.3%). Over the past eight quarters, NGL Energy Partners LP's revenue compounded faster (-6.4% CAGR vs -11.8%).

NGL Energy Partners LP is a U.S.-based midstream energy services firm. It offers transportation, storage, and logistics solutions for crude oil, natural gas liquids, and renewable fuels, plus water management services for upstream energy producers, operating primarily across North American markets.

SiteOne Landscape Supply, Inc. is a leading North American wholesale distributor of landscape supplies. Its offerings cover irrigation components, outdoor lighting, hardscape materials, nursery plants, landscaping tools and related accessories. It mainly serves professional landscapers, contractors, golf course operators, municipal maintenance teams, with a wide branch network across the U.S. and Canada.

NGL vs SITE — Head-to-Head

Bigger by revenue
SITE
SITE
1.0× larger
SITE
$940.1M
$909.8M
NGL
Growing faster (revenue YoY)
SITE
SITE
+41.3% gap
SITE
0.1%
-41.3%
NGL
Faster 2-yr revenue CAGR
NGL
NGL
Annualised
NGL
-6.4%
-11.8%
SITE

Income Statement — Q3 FY2026 vs Q1 FY2027

Metric
NGL
NGL
SITE
SITE
Revenue
$909.8M
$940.1M
Net Profit
$47.2M
Gross Margin
29.0%
33.9%
Operating Margin
12.1%
Net Margin
5.2%
Revenue YoY
-41.3%
0.1%
Net Profit YoY
249.3%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NGL
NGL
SITE
SITE
Q1 26
$940.1M
Q4 25
$909.8M
$1.0B
Q3 25
$674.7M
$1.3B
Q2 25
$622.2M
$1.5B
Q1 25
$971.1M
$939.4M
Q4 24
$982.4M
$1.0B
Q3 24
$756.5M
$1.2B
Q2 24
$759.2M
Net Profit
NGL
NGL
SITE
SITE
Q1 26
Q4 25
$47.2M
$-9.0M
Q3 25
$29.3M
$59.1M
Q2 25
$68.9M
$129.0M
Q1 25
$13.7M
$-27.3M
Q4 24
$13.5M
$-21.7M
Q3 24
$2.5M
$44.4M
Q2 24
$9.7M
Gross Margin
NGL
NGL
SITE
SITE
Q1 26
33.9%
Q4 25
29.0%
34.1%
Q3 25
37.6%
34.7%
Q2 25
38.5%
36.4%
Q1 25
26.9%
33.0%
Q4 24
25.1%
33.3%
Q3 24
30.9%
34.0%
Q2 24
29.0%
Operating Margin
NGL
NGL
SITE
SITE
Q1 26
Q4 25
12.1%
-0.5%
Q3 25
14.0%
6.8%
Q2 25
15.7%
12.8%
Q1 25
8.4%
-3.1%
Q4 24
8.6%
-2.5%
Q3 24
10.8%
5.8%
Q2 24
10.8%
Net Margin
NGL
NGL
SITE
SITE
Q1 26
Q4 25
5.2%
-0.9%
Q3 25
4.3%
4.7%
Q2 25
11.1%
8.8%
Q1 25
1.4%
-2.9%
Q4 24
1.4%
-2.1%
Q3 24
0.3%
3.7%
Q2 24
1.3%
EPS (diluted)
NGL
NGL
SITE
SITE
Q1 26
Q4 25
$-0.19
Q3 25
$1.31
Q2 25
$2.86
Q1 25
$-0.61
Q4 24
$-0.46
Q3 24
$0.97
Q2 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NGL
NGL
SITE
SITE
Cash + ST InvestmentsLiquidity on hand
$6.5M
$84.0M
Total DebtLower is stronger
$2.9B
$531.9M
Stockholders' EquityBook value
$1.6B
Total Assets
$4.4B
$3.5B
Debt / EquityLower = less leverage
0.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NGL
NGL
SITE
SITE
Q1 26
$84.0M
Q4 25
$6.5M
$190.6M
Q3 25
$8.7M
$106.9M
Q2 25
$5.4M
$78.6M
Q1 25
$13.5M
$56.6M
Q4 24
$5.7M
$107.1M
Q3 24
$4.5M
$85.5M
Q2 24
$5.3M
Total Debt
NGL
NGL
SITE
SITE
Q1 26
$531.9M
Q4 25
$2.9B
$385.4M
Q3 25
$2.9B
$388.4M
Q2 25
$2.9B
$469.9M
Q1 25
$3.0B
$503.0M
Q4 24
$3.1B
$388.2M
Q3 24
$3.1B
$410.6M
Q2 24
$3.0B
Stockholders' Equity
NGL
NGL
SITE
SITE
Q1 26
$1.6B
Q4 25
$1.7B
Q3 25
$1.7B
Q2 25
$1.6B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
Total Assets
NGL
NGL
SITE
SITE
Q1 26
$3.5B
Q4 25
$4.4B
$3.2B
Q3 25
$4.3B
$3.3B
Q2 25
$4.2B
$3.3B
Q1 25
$4.6B
$3.3B
Q4 24
$4.8B
$3.1B
Q3 24
$4.9B
$3.1B
Q2 24
$4.8B
Debt / Equity
NGL
NGL
SITE
SITE
Q1 26
0.33×
Q4 25
0.23×
Q3 25
0.23×
Q2 25
0.29×
Q1 25
0.32×
Q4 24
0.25×
Q3 24
0.25×
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NGL
NGL
SITE
SITE
Operating Cash FlowLast quarter
$182.3M
Free Cash FlowOCF − Capex
$45.7M
FCF MarginFCF / Revenue
5.0%
Capex IntensityCapex / Revenue
15.0%
Cash ConversionOCF / Net Profit
3.86×
TTM Free Cash FlowTrailing 4 quarters
$126.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NGL
NGL
SITE
SITE
Q1 26
Q4 25
$182.3M
$164.8M
Q3 25
$40.5M
$128.6M
Q2 25
$33.2M
$136.7M
Q1 25
$155.0M
$-129.6M
Q4 24
$153.8M
$119.4M
Q3 24
$6.7M
$115.9M
Q2 24
$-18.1M
Free Cash Flow
NGL
NGL
SITE
SITE
Q1 26
Q4 25
$45.7M
$150.3M
Q3 25
$9.5M
$118.5M
Q2 25
$11.1M
$122.4M
Q1 25
$60.4M
$-144.4M
Q4 24
$152.1M
$109.9M
Q3 24
$-82.9M
$105.9M
Q2 24
$-78.0M
FCF Margin
NGL
NGL
SITE
SITE
Q1 26
Q4 25
5.0%
14.4%
Q3 25
1.4%
9.4%
Q2 25
1.8%
8.4%
Q1 25
6.2%
-15.4%
Q4 24
15.5%
10.8%
Q3 24
-11.0%
8.8%
Q2 24
-10.3%
Capex Intensity
NGL
NGL
SITE
SITE
Q1 26
Q4 25
15.0%
1.4%
Q3 25
4.6%
0.8%
Q2 25
3.6%
1.0%
Q1 25
9.7%
1.6%
Q4 24
0.2%
0.9%
Q3 24
11.8%
0.8%
Q2 24
7.9%
Cash Conversion
NGL
NGL
SITE
SITE
Q1 26
Q4 25
3.86×
Q3 25
1.38×
2.18×
Q2 25
0.48×
1.06×
Q1 25
11.29×
Q4 24
11.39×
Q3 24
2.74×
2.61×
Q2 24
-1.87×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NGL
NGL

Water Solutions Segment$208.6M23%
Services$193.3M21%
Butane$192.5M21%
Service Fees$182.8M20%
Public Utilities Inventory Propane$93.9M10%
Crude Oil$23.3M3%
Crude Oil Transportation And Other$6.5M1%
Liquids Logistics Segment$2.5M0%
Crude Oil Logistics Segment$1.2M0%

SITE
SITE

Segment breakdown not available.

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