RTO

MKT CAP:$17B

Rentokil Initial plc

Market Cap

$17B

Industrials·Specialty Business Services·🇬🇧 United Kingdom·NYSE

Industrials·Specialty·🇬🇧·NYSE

Stock Price

$34.06+$4.19 (+14.03%)

Apr 20, 2026

Company Details

Rentokil Initial plc, together with its subsidiaries, provides route-based services in North America, the United Kingdom, rest of Europe, Asia, the Pacific, and internationally. It offers a range of pest control services for rodents, and fl...

CEO

Michael A. Duffy Jr.

IPO Date

Nov 18, 1996

Website

www.rentokil-initial.com

Key Metrics TTM

Revenue

$15.5B

+46.0% YoY

Net Income

$932M

EPS (Diluted)

$1.78

Free Cash Flow

$1.6B

Revenue / Share

$30.64

Gross Margin

45.8%

Operating Margin

10.2%

Net Margin

6.0%

FCF Margin

10.2%

P/S

1.1x

P/E

18.5x

Earnings Reports

Q2 2025

Jul 31, 2025

$4.5B+24.3%EPS $0.43

FY 2024

Mar 26, 2025

$7.3BEPS $0.81

Q4 2024

Mar 26, 2025

$3.7B+1.0%EPS $0.30

Q2 2024

Jun 28, 2024

$3.6B+1.3%EPS $0.53

Q4 2023

Mar 27, 2024

$3.6B+26.2%EPS $0.53

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 17	$1.6B	$949M	$211M
Q2 18	$1.6B	$1.6B	$154M
Q4 18	$1.7B	$1.1B	$228M
Q2 19	$1.7B	$1.8B	$157M
Q4 19	$1.9B	$1.1B	$149M
Q2 20	$1.7B	$126M	$125M
Q4 20	$2.1B	$1.2B	$252M
Q2 21	$2.0B	$241M	$211M
Q4 21	$2.0B	$1.1B	$253M
Q2 22	$2.1B	$259M	$259M
Q4 22	$2.9B	$383M	$383M
Q2 23	$3.6B	$489M	$489M
Q4 23	$3.6B	$5.5B	$433M
Q2 24	$3.6B	$519M	$433M
Q4 24	$3.7B	$460M	$307M
Q2 25	$4.5B	$613M	$410M

Valuation

Quarter	P/S	P/E
Q4 17	2.8x	15.0x
Q2 18	2.7x	14.6x
Q4 18	2.6x	21.8x
Q2 19	2.6x	137.0x
Q4 19	2.5x	68.8x
Q2 20	2.4x	87.4x
Q4 20	2.3x	27.2x
Q2 21	2.3x	25.5x
Q4 21	2.2x	28.4x
Q2 22	2.1x	24.2x
Q4 22	1.9x	25.7x
Q2 23	1.6x	22.7x
Q4 23	1.4x	20.8x
Q2 24	1.2x	18.6x
Q4 24	1.2x	18.5x
Q2 25	1.1x	18.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 17	$256M	$166M
Q2 18	$212M	$115M
Q4 18	$278M	$177M
Q2 19	$281M	$166M
Q4 19	$385M	$269M
Q2 20	$325M	$226M
Q4 20	$425M	$318M
Q2 21	$447M	$351M
Q4 21	$317M	$198M
Q2 22	$353M	$241M
Q4 22	$462M	$318M
Q2 23	$448M	$310M
Q4 23	$551M	$404M
Q2 24	$414M	$301M
Q4 24	$500M	$383M
Q2 25	$632M	$487M

Capital Expenditures

Quarter	CapEx
Q4 17	$90M
Q2 18	$97M
Q4 18	$101M
Q2 19	$115M
Q4 19	$116M
Q2 20	$99M
Q4 20	$107M
Q2 21	$97M
Q4 21	$119M
Q2 22	$112M
Q4 22	$144M
Q2 23	$138M
Q4 23	$147M
Q2 24	$113M
Q4 24	$117M
Q2 25	$146M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 17	+30.4%	+31.8%
Q2 18	+19.1%	+20.1%
Q4 18	+9.8%	+9.8%
Q2 19	+4.6%	+9.2%
Q4 19	+17.6%	+24.8%
Q2 20	+9.1%	+12.1%
Q4 20	+17.8%	+18.8%
Q2 21	+13.1%	+11.0%
Q4 21	+7.9%	+2.6%
Q2 22	+22.4%	+15.9%
Q4 22	+40.3%	+38.7%
Q2 23	+83.2%	+77.3%
Q4 23	+80.8%	+82.2%
Q2 24	+72.2%	+72.9%
Q4 24	+27.5%	+34.7%
Q2 25	+25.9%	+32.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 17	$2M	0.1%
Q2 18	$0	0.0%
Q4 18	$3M	0.2%
Q2 19	$0	0.0%
Q4 19	$4M	0.2%
Q2 20	$0	0.0%
Q4 20	$4M	0.2%
Q2 21	$0	0.0%
Q4 21	$13M	0.7%
Q2 22	$0	0.0%
Q4 22	$23M	0.8%
Q2 23	$0	0.0%
Q4 23	$36M	1.0%
Q2 24	$0	0.0%
Q4 24	$0	0.0%
Q2 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q4 17	—	$1.8B
Q2 18	—	$5M
Q4 18	—	$1.8B
Q2 19	—	$134.8K
Q4 19	—	$2.0B
Q2 20	—	$134.8K
Q4 20	$9M	$2.0B
Q2 21	—	$134.8K
Q4 21	$7M	$2.2B
Q4 22	$7M	$2.7B
Q4 23	$9M	$4.0B
Q4 24	$9M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 18	$218M	$2M	$219M
Q4 18	$175M	$3M	$178M
Q2 19	$606M	$4M	$610M
Q4 19	$417M	$2M	$420M
Q2 20	$1.3B	$4M	$1.3B
Q4 20	$2.6B	$232M	$2.9B
Q2 21	$2.1B	$232M	$2.3B
Q4 21	$901M	$2M	$903M
Q2 22	$3.2B	$5M	$3.2B
Q4 22	$2.9B	$1M	$2.9B
Q2 23	$1.9B	$1M	$1.9B
Q4 23	$2.1B	$1M	$2.1B
Q2 24	$2.1B	$1M	$2.1B
Q4 24	$1.2B	$3M	$1.2B
Q2 25	$1.7B	$2M	$1.7B
Q4 25	$2.3B	$2M	$2.3B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 17	372M	+1.1%	+1.8%
Q2 18	370M	-0.5%	+1.1%
Q4 18	369M	-0.5%	-0.6%
Q2 19	372M	+0.9%	+1.1%
Q4 19	372M	+0.1%	+0.1%
Q2 20	372M	-0.1%	+0.5%
Q4 20	373M	+0.2%	+1.1%
Q2 21	373M	-0.0%	+0.1%
Q4 21	374M	+0.3%	+0.4%
Q2 22	373M	-0.1%	+0.3%
Q4 22	443M	+18.8%	+18.9%
Q2 23	505M	+14.0%	+35.6%
Q4 23	505M	0.0%	+35.2%
Q2 24	506M	+0.1%	+35.6%
Q4 24	505M	-0.2%	+14.0%
Q2 25	506M	+0.2%	+0.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 17	—	—
Q2 18	—	—
Q4 18	—	—
Q2 19	—	—
Q4 19	—	—
Q2 20	—	—
Q4 20	—	—
Q2 21	—	—
Q4 21	—	—
Q2 22	—	—
Q4 22	$49.3K	59K
Q2 23	$61.5K	59K
Q4 23	$57.9K	63K
Q2 24	$58.0K	63K
Q4 24	$53.7K	68K
Q2 25	$66.2K	68K

Revenue / Employee