Rollins, Inc. (ROL) 10-Year Financial Performance & Capital Metrics

ROL • • Industrial / General

Consumer CyclicalPersonal ServicesHome & Household ServicesPest Control Services

AboutRollins, Inc., through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife. It also provides workplace pest control solutions for customers across various end markets, such as healthcare, foodservice, and logistics. In addition, the company offers traditional and baiting termite protection, as well as ancillary services. It serves clients directly, as well as through franchisee operations. Rollins, Inc. was incorporated in 1948 and is headquartered in Atlanta, Georgia.Show more

Revenue $3.39B +10.3%
EBITDA $770M +12.8%
Net Income $466M +7.2%
EPS (Diluted) 0.96 +7.9%
Gross Margin 52.69% +1.0%
EBITDA Margin 22.74% +2.3%
Operating Margin 19.39% +2.2%
Net Margin 13.76% -2.8%
ROE 37.52% +4.5%
ROIC 25.14% -3.0%
Debt/Equity 0.61 -13.6%
Interest Coverage 23.75 -22.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 34.8%
✓Strong 5Y profit CAGR of 18.1%
✓Strong Piotroski F-Score: 7/9
✓FCF machine: 17.1% free cash flow margin
✓22 consecutive years of dividend growth
✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

✗Expensive at 22.6x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y9.15%

5Y10.95%

3Y11.81%

TTM11.17%

Profit (Net Income) CAGR

10Y12.98%

5Y18.06%

3Y9.36%

TTM9.89%

EPS CAGR

10Y13.11%

5Y18.55%

3Y10.06%

TTM11.46%

ROCE

10Y Avg38.26%

5Y Avg30.64%

3Y Avg31.52%

Latest31.35%

Peer Comparison

Pest Control Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ROLRollins, Inc.	29.91B	62.17	64.76	10.26%	14.02%	33.68%	1.94%	0.61

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.49B	1.57B	1.67B	1.82B	2.02B	2.16B	2.42B	2.7B	3.07B	3.39B
Revenue Growth %	0.05%	0.06%	0.06%	0.09%	0.11%	0.07%	0.12%	0.11%	0.14%	0.1%
Cost of Goods Sold+	735.98M	772.35M	819.94M	894.44M	993.59M	1.05B	1.16B	1.31B	1.47B	1.6B
COGS % of Revenue	0.5%	0.49%	0.49%	0.49%	0.49%	0.49%	0.48%	0.49%	0.48%	0.47%
Gross Profit+	749.33M	801.13M	854.01M	927.13M	1.02B	1.11B	1.26B	1.39B	1.6B	1.79B
Gross Margin %	0.5%	0.51%	0.51%	0.51%	0.51%	0.51%	0.52%	0.51%	0.52%	0.53%
Gross Profit Growth %	0.06%	0.07%	0.07%	0.09%	0.1%	0.09%	0.13%	0.1%	0.16%	0.11%
Operating Expenses+	463.74M	490.53M	503.43M	550.7M	704.49M	736.54M	814.05M	894.04M	1.02B	1.13B
OpEx % of Revenue	0.31%	0.31%	0.3%	0.3%	0.35%	0.34%	0.34%	0.33%	0.33%	0.33%
Selling, General & Admin	463.74M	490.53M	503.43M	550.7M	623.38M	657.21M	727.49M	802.71M	915.23M	1.02B
SG&A % of Revenue	0.31%	0.31%	0.3%	0.3%	0.31%	0.3%	0.3%	0.3%	0.3%	0.3%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	81.11M	79.33M	86.56M	91.33M	104.95M	113.22M
Operating Income+	285.59M	310.6M	350.58M	376.43M	317.39M	376.09M	447.64M	493.39M	583.23M	657.22M
Operating Margin %	0.19%	0.2%	0.21%	0.21%	0.16%	0.17%	0.18%	0.18%	0.19%	0.19%
Operating Income Growth %	0.09%	0.09%	0.13%	0.07%	-0.16%	0.18%	0.19%	0.1%	0.18%	0.13%
EBITDA+	330.11M	360.5M	407.16M	443.22M	398.5M	455.42M	534.19M	584.71M	682.98M	770.44M
EBITDA Margin %	0.22%	0.23%	0.24%	0.24%	0.2%	0.21%	0.22%	0.22%	0.22%	0.23%
EBITDA Growth %	0.08%	0.09%	0.13%	0.09%	-0.1%	0.14%	0.17%	0.09%	0.17%	0.13%
D&A (Non-Cash Add-back)	44.52M	49.89M	56.58M	66.79M	81.11M	79.33M	86.56M	91.33M	99.75M	113.22M
EBIT	241.06M	259.7M	294M	309.64M	317.39M	376.09M	447.64M	493.39M	588.42M	657.22M
Net Interest Income+	160K	160K	259K	220K	-6.52M	-4.38M	-830K	-2.64M	-19.05M	-27.68M
Interest Income	160K	160K	259K	220K	100K	0	0	0	0	0
Interest Expense	0	0	0	0	6.62M	4.38M	830K	2.64M	19.05M	27.68M
Other Income/Expense	-42.41M	-49.97M	-56.08M	-65.7M	-56.23M	-13.37M	34.85M	5.53M	3.03M	-26.99M
Pretax Income+	243.18M	260.64M	294.5M	310.73M	261.16M	362.72M	482.49M	498.92M	586.26M	630.23M
Pretax Margin %	0.16%	0.17%	0.18%	0.17%	0.13%	0.17%	0.2%	0.19%	0.19%	0.19%
Income Tax+	91.03M	93.27M	115.38M	79.07M	57.81M	95.96M	125.92M	130.32M	151.3M	163.85M
Effective Tax Rate %	0.63%	0.64%	0.61%	0.75%	0.78%	0.74%	0.74%	0.74%	0.74%	0.74%
Net Income+	152.15M	167.37M	179.12M	231.66M	203.35M	266.76M	356.56M	368.6M	434.96M	466.38M
Net Margin %	0.1%	0.11%	0.11%	0.13%	0.1%	0.12%	0.15%	0.14%	0.14%	0.14%
Net Income Growth %	0.11%	0.1%	0.07%	0.29%	-0.12%	0.31%	0.34%	0.03%	0.18%	0.07%
Net Income (Continuing)	152.15M	167.37M	179.12M	231.66M	203.35M	266.76M	356.56M	368.6M	434.96M	466.38M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.31	0.34	0.36	0.47	0.41	0.54	0.72	0.75	0.89	0.96
EPS Growth %	0.11%	0.1%	0.06%	0.31%	-0.13%	0.32%	0.33%	0.04%	0.19%	0.08%
EPS (Basic)	0.31	0.34	0.36	0.47	0.41	0.54	0.72	0.75	0.89	0.96
Diluted Shares Outstanding	491.81M	491.05M	490.47M	490.94M	491.22M	491.6M	492.05M	492.41M	490.13M	484.3M
Basic Shares Outstanding	491.81M	491.05M	490.47M	490.94M	491.22M	491.6M	492.05M	492.3M	489.95M	484.25M
Dividend Payout Ratio	0.6%	0.65%	0.68%	0.66%	0.76%	0.6%	0.59%	0.57%	0.61%	0.64%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	313.88M	290.17M	262.8M	286.02M	309.79M	314.78M	352.38M	348.62M	406.64M	442.62M
Cash & Short-Term Investments	134.57M	142.78M	107.05M	115.48M	94.28M	98.48M	105.3M	95.35M	103.83M	90.63M
Cash Only	134.57M	142.78M	107.05M	115.48M	94.28M	98.48M	105.3M	95.35M	103.83M	89.63M
Short-Term Investments	0	0	0	0	0	0	0	0	0	1M
Accounts Receivable	93.69M	104.46M	115.06M	122.47M	145.03M	150.05M	165.73M	189.38M	215.24M	236.38M
Days Sales Outstanding	23.02	24.23	25.09	24.54	26.27	25.34	24.95	25.64	25.56	25.46
Inventory	12.8M	13.72M	14.98M	15.79M	19.48M	30.84M	28.93M	29.75M	33.38M	39.53M
Days Inventory Outstanding	6.35	6.49	6.67	6.44	7.15	10.74	9.08	8.3	8.29	9
Other Current Assets	28.36M	29.2M	25.7M	32.28M	51M	35.4M	52.42M	34.15M	54.19M	76.08M
Total Non-Current Assets+	579.22M	626.37M	770.87M	808.1M	1.43B	1.53B	1.67B	1.77B	2.19B	2.38B
Property, Plant & Equipment	121.36M	133.48M	134.09M	136.88M	396.26M	390.39M	378.04M	405.4M	450.05M	539.31M
Fixed Asset Turnover	12.24x	11.79x	12.48x	13.31x	5.09x	5.54x	6.41x	6.65x	6.83x	6.28x
Goodwill	249.94M	255.66M	346.51M	368.48M	572.85M	653.18M	786.5M	846.7M	1.07B	1.16B
Intangible Assets	138.93M	161.78M	214.42M	243.26M	386.78M	418.77M	422.57M	418.75M	545.73M	541.59M
Long-Term Investments	0	0	0	0	0	0	0	0	0	97.13M
Other Non-Current Assets	28.33M	33.57M	57.43M	52.56M	76.52M	66.56M	82.05M	102.56M	122.73M	37.95M
Total Assets+	852.43M	916.54M	1.03B	1.09B	1.74B	1.85B	2.02B	2.12B	2.6B	2.82B
Asset Turnover	1.74x	1.72x	1.62x	1.66x	1.16x	1.17x	1.20x	1.27x	1.18x	1.20x
Asset Growth %	0.05%	0.08%	0.13%	0.06%	0.59%	0.06%	0.1%	0.05%	0.22%	0.09%
Total Current Liabilities+	252.99M	276.99M	294.57M	299.03M	410.04M	473.51M	489.72M	493.78M	576.69M	645.16M
Accounts Payable	24.92M	30.28M	26.16M	27.17M	35.23M	64.6M	44.57M	42.8M	49.2M	49.63M
Days Payables Outstanding	12.36	14.31	11.65	11.09	12.94	22.48	13.99	11.94	12.22	11.3
Short-Term Debt	0	0	0	0	12.5M	17.19M	18.75M	15M	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	107M	120.69M	131.36M	128.15M	142.92M	154.55M	171.07M	153.82M	216.1M	238.53M
Current Ratio	1.24x	1.05x	0.89x	0.96x	0.76x	0.66x	0.72x	0.71x	0.71x	0.69x
Quick Ratio	1.19x	1.00x	0.84x	0.90x	0.71x	0.60x	0.66x	0.65x	0.65x	0.62x
Cash Conversion Cycle	17.01	16.41	20.11	19.9	20.48	13.59	20.04	22	21.64	23.16
Total Non-Current Liabilities+	71.64M	71M	85.17M	83.19M	518.59M	432.03M	419.16M	361.05M	863.2M	843.94M
Long-Term Debt	0	0	0	0	279M	185.81M	136.25M	39.9M	490.78M	395.31M
Capital Lease Obligations	0	0	0	0	135.65M	140.9M	172.52M	196.89M	233.37M	295.9M
Deferred Tax Liabilities	3.78M	0	0	0	9.93M	10.61M	13.26M	0	0	0
Other Non-Current Liabilities	67.86M	71M	85.17M	83.19M	94.01M	94.71M	97.14M	124.26M	139.06M	152.73M
Total Liabilities	324.62M	347.99M	379.74M	382.22M	928.63M	904.54M	910.32M	854.83M	1.44B	1.49B
Total Debt+	0	0	0	0	493.27M	417.14M	402.76M	336.33M	816.35M	812.53M
Net Debt	-134.57M	-142.78M	-107.05M	-115.48M	398.99M	318.67M	297.46M	240.98M	712.52M	722.9M
Debt / Equity	-	-	-	-	0.60x	0.44x	0.36x	0.27x	0.71x	0.61x
Debt / EBITDA	-	-	-	-	1.24x	0.92x	0.75x	0.58x	1.20x	1.05x
Net Debt / EBITDA	-0.41x	-0.40x	-0.26x	-0.26x	1.00x	0.70x	0.56x	0.41x	1.04x	0.94x
Interest Coverage	-	-	-	-	47.97x	85.83x	539.32x	187.03x	30.61x	23.75x
Total Equity+	524.03M	568.54M	653.92M	711.91M	815.75M	941.36M	1.11B	1.27B	1.16B	1.33B
Equity Growth %	0.13%	0.08%	0.15%	0.09%	0.15%	0.15%	0.18%	0.14%	-0.09%	0.15%
Book Value per Share	1.07	1.16	1.33	1.45	1.66	1.91	2.26	2.57	2.36	2.75
Total Shareholders' Equity	524.03M	568.54M	653.92M	711.91M	815.75M	941.36M	1.11B	1.27B	1.16B	1.33B
Common Stock	218.75M	217.79M	326.99M	327.31M	491.15M	491.61M	491.91M	492.45M	484.08M	484.37M
Retained Earnings	306.89M	343.38M	291.49M	370.29M	256.3M	358.89M	530.09M	687.07M	566.4M	734.65M
Treasury Stock	-200K	0	0	0	0	0	0	0	0	0
Accumulated OCI	-71.18M	-70.08M	-45.96M	-71.08M	-21.11M	-10.9M	-16.41M	-31.56M	-26.75M	-43.63M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	196.36M	226.53M	235.37M	286.27M	309.19M	435.79M	401.81M	465.93M	528.37M	607.65M
Operating CF Margin %	0.13%	0.14%	0.14%	0.16%	0.15%	0.2%	0.17%	0.17%	0.17%	0.18%
Operating CF Growth %	0.01%	0.15%	0.04%	0.22%	0.08%	0.41%	-0.08%	0.16%	0.13%	0.15%
Net Income	152.15M	167.37M	179.12M	231.66M	203.35M	260.82M	350.69M	368.6M	434.96M	466.38M
Depreciation & Amortization	42.14M	49.89M	55.53M	64.67M	79.54M	89.44M	94.2M	91.33M	99.75M	113.22M
Stock-Based Compensation	12.11M	12.41M	12.4M	13.73M	14.16M	20.85M	14.87M	21.21M	24.61M	29.98M
Deferred Taxes	3.49M	-3.25M	18.64M	7.63M	-7.23M	-1.22M	1.65M	1.59M	-7.64M	-10.34M
Other Non-Cash Items	8.17M	7.56M	10.46M	13.61M	65.04M	17.54M	-20.39M	11.27M	4.78M	32.53M
Working Capital Changes	-21.7M	-7.46M	-40.78M	-45.03M	-45.68M	48.35M	-39.21M	-28.08M	-28.08M	-24.13M
Change in Receivables	-12.49M	-15.87M	-13.66M	-12.55M	-20.15M	-12.04M	-22.44M	-57.89M	-61.67M	-66.65M
Change in Inventory	814K	-671K	-837K	-374K	-2.15M	-10.71M	2.64M	-540K	-4.28M	-5.87M
Change in Payables	-2.04M	11.18M	-25.69M	-23.82M	-9.93M	50.21M	-24.21M	304K	43.41M	47.67M
Cash from Investing+	-69.94M	-76.84M	-154.18M	-101.38M	-455.11M	-162.4M	-98.97M	-134.14M	-372.89M	-176.23M
Capital Expenditures	-39.49M	-33.08M	-24.68M	-27.18M	-27.15M	-23.23M	-27.19M	-30.63M	-32.47M	-27.57M
CapEx % of Revenue	0.03%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	3.02M	2.55M	439K	1.93M	-24.65M	-15M	74.33M	15.68M	10.52M	4.74M
Cash from Financing+	-97.22M	-136.37M	-130.26M	-162.28M	127.66M	-281.27M	-290.16M	-336.02M	-149.42M	-440.71M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-91.75M	-109M	-122.02M	-152.74M	-153.84M	-160.49M	-208.66M	-211.62M	-264.35M	-297.99M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.95M	3.7M	0	0	0	-24.01M	-22.81M	-17.33M	-8.06M	-35.11M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	156.86M	193.44M	210.69M	259.09M	282.04M	412.56M	374.61M	435.3M	495.9M	580.08M
FCF Margin %	0.11%	0.12%	0.13%	0.14%	0.14%	0.19%	0.15%	0.16%	0.16%	0.17%
FCF Growth %	-0.05%	0.23%	0.09%	0.23%	0.09%	0.46%	-0.09%	0.16%	0.14%	0.17%
FCF per Share	0.32	0.39	0.43	0.53	0.57	0.84	0.76	0.88	1.01	1.20
FCF Conversion (FCF/Net Income)	1.29x	1.35x	1.31x	1.24x	1.52x	1.63x	1.13x	1.26x	1.21x	1.30x
Interest Paid	0	13K	0	25K	6.45M	5.06M	1.31M	4.16M	19.24M	32.56M
Taxes Paid	82.69M	88.77M	90.7M	77.35M	75.81M	81.18M	119.76M	119.57M	159.15M	145.64M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	30.84%	30.64%	29.31%	33.92%	26.62%	30.36%	34.74%	31%	35.91%	37.52%
Return on Invested Capital (ROIC)	57.6%	57.15%	54.07%	49.39%	26.29%	22.8%	25.16%	25.37%	25.91%	25.14%
Gross Margin	50.45%	50.91%	51.02%	50.9%	50.7%	51.48%	52.04%	51.47%	52.17%	52.69%
Net Margin	10.24%	10.64%	10.7%	12.72%	10.09%	12.34%	14.71%	13.67%	14.15%	13.76%
Debt / Equity	-	-	-	-	0.60x	0.44x	0.36x	0.27x	0.71x	0.61x
Interest Coverage	-	-	-	-	47.97x	85.83x	539.32x	187.03x	30.61x	23.75x
FCF Conversion	1.29x	1.35x	1.31x	1.24x	1.52x	1.63x	1.13x	1.26x	1.21x	1.30x
Revenue Growth	5.22%	5.94%	6.39%	8.82%	10.65%	7.23%	12.17%	11.2%	14%	10.26%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Residential Contract Revenue	773.93M	861.64M	977.47M	-	-	-	1.54B
Residential Contract Revenue Growth	-	11.33%	13.44%	-	-	-	-
Commercial Contract Revenue	707.39M	770.34M	766.72M	-	-	-	1.13B
Commercial Contract Revenue Growth	-	8.90%	-0.47%	-	-	-	-
Termite Completions, Bait Monitoring, & Renewals	332.57M	-	-	-	-	-	688.19M
Termite Completions, Bait Monitoring, & Renewals Growth	-	-	-	-	-	-	-
Other Revenues	7.67M	12.24M	10.25M	-	-	17.22M	22.52M
Other Revenues Growth	-	59.51%	-16.25%	-	-	-	30.76%
Franchise Revenues	-	-	-	-	-	-	16.9M
Franchise Revenues Growth	-	-	-	-	-	-	-
Residential Revenue	-	-	-	-	-	1.41B	-
Residential Revenue Growth	-	-	-	-	-	-	-
Commercial Revenue	-	-	-	-	-	1.02B	-
Commercial Revenue Growth	-	-	-	-	-	-	-
Franchise	-	-	-	-	-	16.5M	-
Franchise Growth	-	-	-	-	-	-	-
Residential revenue	-	-	-	1.1B	1.21B	-	-
Residential revenue Growth	-	-	-	-	9.86%	-	-
Commercial revenue	-	-	-	844.93M	914.84M	-	-
Commercial revenue Growth	-	-	-	-	8.27%	-	-
Termite completions, bait monitoring, & renewals	-	-	-	465.05M	536.85M	-	-
Termite completions, bait monitoring, & renewals Growth	-	-	-	-	15.44%	-	-
Other revenues	-	-	-	10.63M	15.97M	-	-
Other revenues Growth	-	-	-	-	50.24%	-	-
Franchise revenues	-	-	-	-	15.66M	-	-
Franchise revenues Growth	-	-	-	-	-	-	-

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	1.68B	-	-	2.24B	2.5B	2.85B	3.14B
UNITED STATES Growth	-	-	-	-	11.52%	14.21%	10.17%
Non-US	144.45M	-	-	184.07M	197.46M	219.96M	245.34M
Non-US Growth	-	-	-	-	7.27%	11.39%	11.54%

Frequently Asked Questions

Valuation & Price

Rollins, Inc. (ROL) has a price-to-earnings (P/E) ratio of 64.8x. This suggests investors expect higher future growth.

Growth & Financials

Rollins, Inc. (ROL) reported $3.68B in revenue for fiscal year 2024. This represents a 205% increase from $1.21B in 2011.

Rollins, Inc. (ROL) grew revenue by 10.3% over the past year. This is steady growth.

Yes, Rollins, Inc. (ROL) is profitable, generating $515.9M in net income for fiscal year 2024 (13.8% net margin).

Dividend & Returns

Yes, Rollins, Inc. (ROL) pays a dividend with a yield of 0.99%. This makes it attractive for income-focused investors.

Rollins, Inc. (ROL) has a return on equity (ROE) of 37.5%. This is excellent, indicating efficient use of shareholder capital.

Rollins, Inc. (ROL) generated $675.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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