Rollins, Inc. (ROL)

Executive Summary

Rollins is the largest pure-play pest control company in North America — Orkin, HomeTeam, Clark, Fox and a dozen other brands serving more than 2.8 million customers from 850-plus locations — and one of the most consistent compounders in the market, with 99 consecutive quarters of revenue growth, 23% returns on invested capital and leverage of just 1.0x. At roughly $36.52 per share and a ~$17.6 billion market capitalization the stock sits at its 52-week low, down 37% over twelve months, after a second-quarter report that missed on earnings and EBITDA and forced management to walk down the year. The interesting part is why: management attributed the residential shortfall to lead-volume declines at its search-reliant brands, which raises a genuine question about what AI-generated search answers are doing to customer acquisition for local services. Our full report covers the fifteen-year financial record, the route-density moat, the Rollins family ownership structure, the acquisition machine, the balance sheet, and how the current multiple compares with the company’s own history.

What’s Inside The Full Report

• 15-year financial summary table — revenue, net income, GAAP & adjusted EPS
• Valuation framework — current multiples vs. 5-year historical range
• Peer comparison table — multiples, margins, balance-sheet metrics
• Base case, bull case, bear case price targets with explicit math
• Competitive position and economic moat analysis
• Management and capital allocation track record
• Balance sheet review — leverage, credit ratings, distribution coverage
• Insider activity — recent open-market buys / sells with interpretation
• Strategic acquisitions and divestitures history
• Sell-side consensus and where TTCM differs
• Detailed risk factors specific to the name
• Bull case and forward catalysts to watch
• TTCM’s overall rating and the specific price levels that would change our view