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November 18, 2025 • 3 min read
Rollins, Inc., a global leader in pest control services, recently released its financial results for the third quarter of 2025. For anyone interested in how a major player in the essential services industry is performing, their latest 10-Q filing offers a detailed look. Let's break down the key figures from their income statement to see what's driving their business.
Rollins reported a very strong third quarter, with total revenues reaching $1.03 billion, a significant 12.0% increase from the $916 million recorded in the same period last year. This growth wasn't just on the top line; net income also saw a healthy jump of 19.4%, rising to $163.5 million from $136.9 million in Q3 2024. For shareholders, this translated to diluted earnings per share (EPS) of $0.34, up 21.4% from $0.28 a year prior.
This growth was broad-based across the company's main service lines:
The following flow diagram provides a visual breakdown of how Rollins' quarterly revenue is channeled through its various costs and expenses to arrive at its net income.
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A key question for any growing company is where the growth comes from. For Rollins, it's a dual-engine approach. The company reported that organic revenue—growth from its existing operations—increased by a solid 7.2%. The remaining growth came from strategic acquisitions, which have been a core part of their strategy.
The most notable recent acquisition was Saela Pest Control on April 1, 2025, for a purchase price of $207.2 million. In total, cash used for acquisitions in the first nine months of 2025 was a substantial $288.3 million, more than double the $105.5 million spent in the same period in 2024. This highlights the company's aggressive M&A strategy to expand its market share and brand family.
It's one thing to grow revenue, but it's another to do it profitably. Rollins demonstrated improved operational efficiency in the quarter. The company's operating margin expanded by a full percentage point, from 20.9% to 21.9%. This means that for every dollar of revenue, more is being converted into operating profit.
This improvement is a result of effective cost management. The two largest expense categories, Cost of services provided and Sales, general and administrative (SG&A) expenses, both decreased as a percentage of revenue compared to last year. This indicates that Rollins is successfully scaling its operations and integrating its acquisitions without letting costs get out of hand.
Rollins' third-quarter performance paints a picture of a company firing on all cylinders. The combination of steady organic growth in a resilient industry and a well-executed acquisition strategy is delivering impressive results. With strong cash flow from operations—up 22.4% to $513.4 million for the nine-month period—the company is well-capitalized to continue funding its growth initiatives, paying dividends, and creating value for its shareholders. Rollins continues to prove itself as a formidable and efficiently run leader in the global pest control market.
Last updated: November 18, 2025