ROLLINS INC
$38.88
+0.97 (+2.56%) · delayed · Nov 13, 2026
Five-year price
52w $29.29 to $66.14
- Market cap
- $18.6B
- Enterprise value
- $19.1B
- P/E
- 35.7×
- 39.7× on 3y avg EPS
- EV / EBIT
- 26.3×
- FCF yield
- 3.5%
- ROIC
- 29.0%
- Debt / equity
- 0.44
- Piotroski F
- 5/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
100
- ●ROIC > 12% (5y avg)5y avg ROIC 32.8%
- ●ROE > 15% (5y avg)5y avg ROE 34.4%
- ●Stable operating marginsMargin volatility 0.4% (σ, 5y)
- ●Earnings convert to cashFCF / net income 117% (5y avg)
- ●Growing revenueRevenue CAGR 5y 11.7%
- ●Shrinking share countDiluted shares -1.5% over 5y
Value
0
- ○P/E below 15P/E 35.7
- ○EV/EBIT below 12EV/EBIT 26.3
- ○FCF yield above 6%FCF yield 3.5%
- ○Price below Graham NumberGraham Number $8.40
- ○P/B below 3P/B 13.5
Safety
60
- ●Debt / equity below 0.5D/E 0.44
- ●Debt payable in < 4 yrs of earningsNet debt $0.5B
- ●Interest coverage > 8xCoverage 25.4x
- ○Current ratio > 1.5Current ratio 0.60
- ○Piotroski F-score ≥ 6F-score 5/9
Graham Defensive
57
- ●Adequate size (revenue > $2B)Revenue $3.8B
- ○Strong condition (current ratio ≥ 2)Current ratio 0.60
- ●Earnings stability (no loss, 10y)10 years of data
- ●Uninterrupted dividendsDividends paid every year on record
- ●Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 92%
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 39.7
- ○P/E × P/B ≤ 22.5Product 536.5
Valuation lab
What do you have to believe?
At $38.88, the market is pricing in about 10.7% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt $510M · 478M shares · 5y revenue CAGR 11.7%
Intrinsic value
$42.90
Price
$38.88
Margin of safety
9%
What the price implies
The market is paying for 10.7% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
64% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,573 | 1,674 | 1,822 | 2,015 | 2,161 | 2,424 | 2,696 | 3,073 | 3,389 | 3,761 |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | 317 | 376 | 448 | 493 | 583 | 657 | 726 |
| Operating margin | — | — | — | 15.7% | 17.4% | 18.5% | 18.3% | 19.0% | 19.4% | 19.3% |
| Pre-tax income | 261 | 295 | 311 | 261 | 363 | 482 | 499 | 586 | 630 | 701 |
| Income tax | 93 | 115 | 79 | 58 | 96 | 126 | 130 | 151 | 164 | 174 |
| Net income | 167 | 179 | 232 | 203 | 267 | 357 | 369 | 435 | 466 | 527 |
| EPS (diluted) | 0.51 | 0.55 | 0.47 | 0.41 | 0.54 | 0.72 | 0.75 | 0.89 | 0.96 | 1.09 |
| Diluted shares | 327 | 327 | 491 | 491 | 492 | 492 | 492 | 490 | 484 | 484 |
Who owns it