Rollins
ROL · NYSEServices-To Dwellings & Other Buildings · Fiscal year ends Dec 31
Rollins reported revenue of $3.8B in the fiscal year ended Dec 2025, up 11.0% from the year before. Operating income was $726M, an operating margin of 19.3%, and net income was $527M. Operating cash flow of $678M less capital expenditure of $28M left free cash flow of $650M. Net debt was $510M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $2.4B | $2.7B | $3.1B | $3.4B | $3.8B |
| Selling, general & admin | $727M | $803M | $915M | $1B | $1.1B |
| Operating income | $448M | $493M | $583M | $657M | $726M |
| Net interest incomeBanks | −$830,000 | −$3M | −$19M | – | – |
| Interest expense | – | $3M | $19M | $28M | $29M |
| Pre-tax income | $482M | $499M | $586M | $630M | $701M |
| Income tax | $126M | $130M | $151M | $164M | $174M |
| Net income | $357M | $369M | $435M | $466M | $527M |
| Diluted EPS | 0.72 | 0.75 | 0.89 | 0.96 | 1.09 |
| Diluted shares | 492M | 492M | 490M | 484M | 484M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $105M | $95M | $104M | $90M | $100M |
| Receivables | $140M | $156M | $178M | $196M | $203M |
| Inventory | $29M | $30M | $33M | $40M | $43M |
| Current assets | $352M | $349M | $407M | $443M | $473M |
| Net PP&E | $133M | $128M | $127M | $125M | $126M |
| Goodwill | $787M | $847M | $1.1B | $1.2B | $1.4B |
| Total assets | $2B | $2.1B | $2.6B | $2.8B | $3.1B |
| Payables | $45M | $43M | $49M | $50M | $44M |
| Deferred revenue | $145M | $158M | $172M | $181M | $188M |
| Current liabilities | $491M | $494M | $577M | $645M | $786M |
| Short-term debt | – | – | – | $0 | $124M |
| Long-term debt | – | – | – | $395M | $486M |
| Total liabilities | $910M | $855M | $1.4B | $1.5B | $1.8B |
| Shareholders' equity | $1.1B | $1.3B | $1.2B | $1.3B | $1.4B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $402M | $466M | $528M | $608M | $678M |
| Capital expenditure | $27M | $31M | $32M | $28M | $28M |
| Free cash flow | $375M | $435M | $496M | $580M | $650M |
| Depreciation & amortisation | $87M | $91M | $100M | $113M | $125M |
| Stock-based compensation | $15M | $21M | $25M | $30M | $40M |
| Acquisitions | $146M | $119M | $367M | $157M | $310M |
| Share buybacks | $11M | $7M | $315M | $12M | $217M |
| Dividends paid | $209M | $212M | $264M | $298M | $328M |
| Dividend per share | 0.42 | 0.43 | 0.54 | 0.61 | 0.68 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 11.2% | 14.0% | 10.3% | 11.0% |
| Operating income growth (YoY) | – | 10.2% | 18.2% | 12.7% | 10.5% |
| EPS growth (YoY) | – | 4.2% | 18.7% | 7.9% | 13.5% |
| Operating margin | 18.5% | 18.3% | 19.0% | 19.4% | 19.3% |
| Net margin | 14.7% | 13.7% | 14.2% | 13.8% | 14.0% |
| Return on equityBlank when equity is negative | 32.1% | 29.1% | 37.6% | 35.1% | 38.3% |
| ROCEEBIT ÷ (assets − current liabilities) | 29.3% | 30.3% | 28.9% | 30.2% | 30.8% |
| Free cash flow margin | 15.5% | 16.1% | 16.1% | 17.1% | 17.3% |
| Cash conversion (CFO ÷ net income) | 1.13x | 1.26x | 1.21x | 1.30x | 1.29x |
| Receivable days | 21 | 21 | 21 | 21 | 20 |
| Interest cover | – | 187x | 30.6x | 23.7x | 25.4x |
| Debt ÷ equity | – | – | – | 0.30x | 0.44x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | – | – | – | $306M | $510M |
| Current ratio | 0.72x | 0.71x | 0.71x | 0.69x | 0.60x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.