公司概述
Rollins, Inc. operates within the consumer cyclical sector specifically focused on the personal services industry, delivering comprehensive pest and wildlife control services alongside protection solutions to both residential and commercial clients across the United States and international markets. This business model targets a wide array of common pests, including rodents, ensuring property safety for a diverse customer base. The company maintains a substantial scale, evidenced by a market capitalization of $25.99B and a trailing twelve-month revenue of $3.76B, supported by a workforce of 21,946 employees. These valuation and revenue figures indicate that Rollins, Inc. has established itself as a significant entity within its niche, commanding a large market share that allows for extensive operational reach and customer diversification across multiple geographies.
财务健康
The company reported a trailing twelve-month revenue of $3.76B, generating net income of $526.70M and an EBITDA of $854.01M, where the substantial gap between revenue and net income reveals a robust cost structure with significant operating expenses comprising roughly 86% of total sales before accounting for interest and taxes. Free cash flow stands at $555.21M, which provides the firm with considerable financial flexibility to fund operations, manage capital expenditures, or return capital to shareholders without needing to rely heavily on external financing. Profitability metrics are defined by a gross margin of 52.8%, an operating margin of 17.6%, and a profit margin of 14.0%, indicating that while the business model is highly efficient at generating gross profit, the company faces considerable pressure from operating costs and other expenses that compress the final bottom-line return. Regarding leverage, the company holds $100.00M in cash against $1.04B in total debt, resulting in a debt-to-equity ratio of 75.53%, which characterizes the balance sheet as moderately leveraged given the high debt relative to equity and available liquidity. Liquidity position is constrained by a current ratio of 0.60, suggesting that current liabilities exceed current assets, which implies a need for careful cash management or reliance on non-current asset liquidation to meet short-term obligations. Return metrics show a return on equity of 38.9% and a return on assets of 15.3%, revealing that management is highly effective at utilizing shareholder capital to generate profits, though the return on assets is moderated by the company's significant debt load.
估值评估
Valuation multiples suggest high market expectations, with a trailing P/E ratio of 49.48 compared to a forward P/E of 38.43, implying that the market anticipates a significant acceleration in earnings growth over the coming year that will narrow the gap between current and expected valuations. The price-to-book ratio sits at 18.88, indicating a substantial market premium over the company's tangible book value, which is typical for service-oriented firms with significant intangible assets and strong brand moats. Alternative valuation metrics further reflect this premium, with a price-to-sales ratio of 6.91 and an EV/EBITDA of 31.48, suggesting that investors are willing to pay a high multiple for the company's sales and cash generation capabilities relative to peers. Price action over the last year has ranged between a 52-week low of $49.73 and a high of $66.14, placing the current trading price within a range that reflects recent volatility but still below the annual peak. The stock exhibits a beta of 0.84, indicating that the share price typically experiences lower volatility than the broader market, offering a degree of stability relative to more aggressive cyclical sectors.
Growth & Income
Growth dynamics are characterized by a revenue growth rate of 9.7% year-over-year and an earnings growth rate of 9.9% year-over-year, where earnings are expanding slightly faster than revenue, which implies improving operational leverage and margin expansion potential as the company scales. As a dividend payer, the company offers a dividend yield of 1.4% with a payout ratio of 62.3%, a level that appears sustainable given the consistent earnings growth and strong free cash flow generation relative to the dividend obligations. The sustainability of this payout is further supported by the fact that earnings growth nearly matches revenue growth, leaving ample room to maintain the dividend while continuing to reinvest in business expansion. Overall, the growth and income profile presents a balanced approach where modest but reliable income is complemented by steady top-line and earnings expansion, catering to income-focused investors who also value consistent business growth.