RTO · NYSE · Specialty Business Services

Rentokil Initial (ADR) (RTO)

Runs route-based pest-control and hygiene networks centred on North America.

$21.66
vs last close+0.30 (+1.40%)
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Rentokil Initial plcRTO
Industrials

Provides pest-control and hygiene services through route-based networks, with Pest Control as the dominant activity. The Terminix combination made North America the largest operating centre, while recurring bolt-on acquisitions expand route density and the multi-year integration remains a core execution dependency.

Provides pest-control and Hygiene & Wellbeing services through route-based networks across North America and international markets. Pest Control is the dominant activity, covering rodents, insects, timber treatment and connected monitoring, while Hygiene & Wellbeing is the smaller reportable activity.

Builds service density by combining local field operations with bolt-on acquisitions. The Terminix combination made North America the group’s largest operating centre and added substantial US residential and termite exposure alongside the existing international network.

Execution depends on completing a multi-year integration across branches, systems, brands and operating practices without disrupting customers. The acquisition model also depends on absorbing local businesses while preserving customer relationships and route density.

Company facts

CEOMike Duffy
ListedOct 12, 2022
ExchangeNYSE
HeadquartersCrawley, United Kingdom
CountryUnited Kingdom
Employees63,400
CIK0000930157
ISINUS7601251041

Market cap$10.75B
EPS (ttm)$0.9400
P/E (ttm)22.72
ROE8.7%
P/B1.94
P/S1.51
Dividend yieldDiv yield2.98%
Beta0.45vs XLI 0.26

Price target$26.70+25.0%Average of 7 analysts
ConsensusBuy5 of 7 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jul 31, 2026BNP ParibasTarget
Target:
Target: $26.70
Jul 31, 2026Exane BNP ParibasDowngrade
Rating:
Rating: Neutral
Jul 7, 2026Goldman SachsUpgrade
Rating: Neutral
Rating: Buy
Jul 6, 2026Goldman SachsUpgrade
Rating:
Rating: Buy
Mar 12, 2026UBSUpgrade
Rating: Neutral
Rating: Buy

EPSReportedEstimate

Jun '23Apr '24Jul '24Oct '24Apr '25Jul '25Mar '26Jul '26
Reported$0.46$0.49$0.75$0.49$0.62$0.51$0.65$0.39
Estimate$0.68$0.71$0.71$0.71$0.63$0.65$0.70$0.66
Surprise−32.1%−30.9%+5.8%−30.6%−1.3%−22.5%−7.1%−41.3%

RevenueReportedEstimate

Jun '23Apr '24Jul '24Oct '24Apr '25Jul '25Mar '26Jul '26
Reported$3.38B$3.42B$3.55B$3.42B$3.53B$4.58B$3.54B$3.59B
Estimate$3.29B$3.38B$3.45B$3.45B$3.50B$3.55B$3.55B$3.53B
Surprise+2.9%+1.2%+2.8%−0.7%+0.8%+29.0%−0.3%+1.6%
Estimate$0.66
Reported$0.39−41.3%
Estimate$3.53B
Reported$3.59B+1.6%
View details

Debt to equity111.30%
Current ratio106.40%

ProfitabilityRevenueNet incomeNet margin

Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26
Revenue$2.14B$2.67B$2.70B$2.71B$2.73B$4.58B$3.53B$3.61B
Net income$107.8M$185.0M$196.0M$196.0M$111.0M$256.2M$280.6M$197.1M
Net margin5.0%6.9%7.2%7.2%4.1%5.6%8.0%5.5%

GrowthOperating income

Q4 FY22Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26
Operating income$125.1M$304.0M$262.0M$321.0M$228.0M$414.3M$489.5M$351.0M
YoY growth−33.3%+826.8%+109.4%+5.6%−13.0%+29.1%+114.7%−15.3%

Balance sheet, Jun 30, 2026Cash & short-term investments $2.49B · Total debt $6.18B · Total assets $14.64B · Shareholders' equity $5.55B

Revenue
$3.61B
Operating income
$351.0M
Net income
$197.1M

Reported in GBP, converted at the latest exchange rate

View details

Dividend yield
2.98%
Next ex-date
Feb 14, 27
estimated · in 145 days
Annual dividend
$0.64
per share
Schedule
Semi-annual
2 payments a year

HistoryDividendAnnual yield

Apr '23Aug '23Apr '24Aug '24Apr '25Aug '25Apr '26Aug '26
Dividend$0.2823$0.1548$0.3747$0.2072$0.3942$0.2075$0.412$0.224
Annual yield1.17%1.12%1.80%1.91%2.88%2.45%1.84%2.67%
Ex-dateApr 10Aug 3Apr 4Aug 9Apr 4Aug 15Apr 10Aug 14
Payment dateMay 18Sep 12May 16Sep 17May 15Sep 23May 19Sep 21
View details

Insiders5.36%27.10M ADS
1 holder · as of Nov 14, 2024
Strategic holders18.89%95.44M ADS
3 holders · as of Apr 30, 2026
Other75.75%382.66M ADS
remainder

505.21M ADS (1 ADS = 5 ordinary shares) as of Sep 22, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock Portfolio Management LLCStrategic
6.93%35.02Mfiled Apr 30, 2026
GIC Private LimitedStrategic
6.32%31.93Mfiled May 9, 2025
Janus Henderson Group PLCStrategic
5.64%28.49Mfiled Nov 14, 2025
Ein #.Insider
5.36%27.10Mfiled Nov 14, 2024

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • Rollins

    Largest listed pure-play rival across residential and commercial pest control

  • Ecolab

    Commercial pest and hygiene overlap across foodservice and regulated facilities

  • Cintas

    Route-based rival in restroom services, supplies, mats, and workplace hygiene

  • Kimberly-Clark

    Branded washroom consumables and dispensers competing with Initial Hygiene

Compare

CompanyPriceChange
Rentokil Initial (ADR)$21.66+1.40%$10.75B22.71.5−21.7%
Rollins$32.87+1.61%$15.57B29.427.34.0+7.9%
Ecolab$274.46+1.66%$75.98B36.231.84.5+9.7%
Cintas$196.64−0.12%$78.79B40.135.77.0+8.9%
Kimberly-Clark$99.06+1.35%$32.44B16.614.12.0+0.6%
Median32.829.64.2+8.4%