NYSE : RTO
Rentokil Initial plc — Financial statements
Industrials · Specialty Business Services · United Kingdom
Last price 23.26 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 11.68B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Rentokil Initial plc (RTO) reported revenue of 7.13B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 7.13B | 6.91B | 6.62B | 6.38B | 4.47B | 4.00B |
| Cost of Revenue | 6.13B | 5.96B | 5.78B | 5.48B | 848.24M | 807.02M |
| Gross Profit | 999.00M | 951.00M | 834.00M | 904.00M | 3.63B | 3.20B |
| Selling, General & Admin | 2.48B | 2.17B | ||||
| Amortization of Goodwill & Intangibles | 148.20M | 123.22M | ||||
| Other Operating Expenses | 79.00M | 74.00M | 71.00M | 49.00M | 247.00M | 220.71M |
| Operating Expenses | 79.00M | 74.00M | 71.00M | 49.00M | 3.04B | 2.69B |
| Operating Income | 920.00M | 877.00M | 763.00M | 855.00M | 590.40M | 511.83M |
| Interest Expense | -253.00M | -237.00M | -229.00M | -214.00M | -89.16M | -46.04M |
| Interest & Investment Income | 44.00M | 31.00M | 46.00M | 31.00M | 6.02M | 1.35M |
| Earnings From Equity Investments | 10.00M | 10.00M | 9.00M | 11.00M | 10.84M | 10.83M |
| Currency Exchange Gain (Loss) | -2.00M | 10.00M | -7.00M | 12.00M | ||
| Other Non Operating Income (Expenses) | 5.00M | -11.00M | -10.00M | -15.00M | 20.48M | |
| EBT Excluding Unusual Items | 724.00M | 680.00M | 572.00M | 680.00M | 538.59M | 477.98M |
| Merger & Restructuring Charges | 1.00M | -1.00M | -95.00M | -124.00M | -177.12M | -39.27M |
| Gain (Loss) on Sale of Assets | 2.00M | |||||
| Asset Writedown | -30.12M | |||||
| Other Unusual Items | -290.00M | -289.00M | -15.00M | 10.00M | 25.30M | 1.35M |
| Pretax Income | 437.00M | 390.00M | 462.00M | 566.00M | 356.65M | 440.07M |
| Income Tax Expense | 115.00M | 100.00M | 116.00M | 129.00M | 77.11M | 83.95M |
| Earnings From Continuing Operations | 322.00M | 290.00M | 346.00M | 437.00M | 279.53M | 356.12M |
| Earnings From Discontinued Operations | 156.00M | 180.00M | 46.00M | 37.00M | ||
| Net Income | 478.00M | 470.00M | 392.00M | 474.00M | 279.53M | 356.12M |
| Net Income to Common | 478.00M | 470.00M | 392.00M | 474.00M | 279.53M | 356.12M |
| Shares Outstanding (Basic) | 2.53B | 2.52B | 2.52B | 2.52B | 2.00B | 1.86B |
| Shares Outstanding (Diluted) | 2.54B | 2.54B | 2.53B | 2.53B | 2.01B | 1.87B |
| EPS (Basic) | 0.19 | 0.19 | 0.16 | 0.19 | 0.14 | 0.19 |
| EPS (Diluted) | 0.19 | 0.19 | 0.16 | 0.19 | 0.14 | 0.19 |
| Free Cash Flow | 769.00M | 764.00M | 649.00M | 709.00M | 538.59M | 589.02M |
| Free Cash Flow Per Share | 0.30 | 0.30 | 0.26 | 0.28 | 0.27 | 0.32 |
| Dividend Per Share | 0.13 | 0.12 | 0.12 | 0.11 | 0.09 | 0.09 |
| Gross Margin | 14.01% | 13.77% | 12.60% | 14.16% | 81.05% | 79.84% |
| Operating Margin | 12.90% | 12.70% | 11.53% | 13.39% | 13.19% | 12.78% |
| Profit Margin | 6.70% | 6.80% | 5.92% | 7.42% | 6.25% | 8.89% |
| Free Cash Flow Margin | 10.78% | 11.06% | 9.81% | 11.10% | 12.04% | 14.71% |
| EBITDA | 1.25B | 1.23B | 1.17B | 1.26B | 901.26M | 785.35M |
| EBITDA Margin | 17.55% | 17.85% | 17.71% | 19.80% | 20.14% | 19.61% |
| D&A For EBITDA | 332.00M | 356.00M | 409.00M | 409.00M | 310.86M | 273.52M |
| EBIT | 920.00M | 877.00M | 763.00M | 855.00M | 590.40M | 511.83M |
| EBIT Margin | 12.90% | 12.70% | 11.53% | 13.39% | 13.19% | 12.78% |
| Effective Tax Rate | 26.32% | 25.64% | 25.11% | 22.79% | 21.62% | 19.08% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.47B | 2.32B | 1.16B | 1.99B | 2.61B | 904.51M |
| Short-Term Investments | 2.00M | 1.00M | 1.00M | 1.20M | 2.71M | |
| Trading Asset Securities | 61.00M | 18.00M | 2.71M | |||
| Cash & Short-Term Investments | 2.47B | 2.38B | 1.16B | 2.01B | 2.62B | 909.93M |
| Accounts Receivable | 1.26B | 1.15B | 1.14B | 1.12B | 1.00B | 713.59M |
| Other Receivables | 13.00M | 18.00M | 28.00M | 42.00M | 43.38M | 12.19M |
| Receivables | 1.27B | 1.17B | 1.17B | 1.16B | 1.04B | 725.78M |
| Inventory | 314.00M | 308.00M | 287.00M | 264.00M | 240.98M | 184.15M |
| Other Current Assets | 42.00M | |||||
| Total Current Assets | 4.10B | 3.86B | 2.61B | 3.44B | 3.90B | 1.82B |
| Property, Plant & Equipment | 998.00M | 1.02B | 1.21B | 1.21B | 1.14B | 847.64M |
| Long-Term Investments | 126.00M | 187.00M | 80.00M | 155.00M | 128.92M | 54.16M |
| Goodwill | 6.58B | 6.46B | 6.39B | 6.14B | 2.50B | |
| Other Intangible Assets | 8.86B | 2.30B | 2.42B | 2.55B | 2.63B | 414.34M |
| Long-Term Accounts Receivable | 60.00M | 52.00M | 71.00M | 57.00M | 108.44M | 18.96M |
| Long-Term Deferred Tax Assets | 49.00M | 55.00M | 43.00M | 55.00M | 51.81M | 56.87M |
| Long-Term Deferred Charges | 354.00M | 368.00M | 324.00M | 312.00M | 280.74M | 120.51M |
| Other Long-Term Assets | 12.00M | 6.00M | 4.00M | 4.00M | 3.61M | 25.73M |
| Total Assets | 14.55B | 14.43B | 13.21B | 14.17B | 14.39B | 5.85B |
| Accounts Payable | 1.47B | 382.00M | 394.00M | 1.46B | 422.92M | 223.42M |
| Accrued Expenses | 592.00M | 546.00M | 516.90M | 441.42M | ||
| Short-Term Debt | 930.00M | 730.00M | 692.00M | 1.56B | 576.83M | |
| Current Portion of Long-Term Debt | 1.01B | 686.00M | 772.00M | 1.49B | 65.06M | 46.04M |
| Current Portion of Leases | 164.00M | 171.00M | 163.00M | 162.00M | 162.66M | 105.62M |
| Current Income Taxes Payable | 60.00M | 61.00M | 53.00M | 61.00M | 72.29M | 82.60M |
| Current Unearned Revenue | 292.00M | 312.00M | 312.07M | 226.13M | ||
| Other Current Liabilities | 212.00M | 401.00M | 292.00M | 119.00M | 313.27M | 180.09M |
| Total Current Liabilities | 3.85B | 3.31B | 3.22B | 3.28B | 3.42B | 1.88B |
| Long-Term Debt | 3.65B | 4.17B | 3.16B | 4.04B | 4.42B | 1.75B |
| Long-Term Leases | 379.00M | 392.00M | 394.00M | 405.00M | 391.59M | 188.21M |
| Pension & Post-Retirement Benefits | 31.00M | 27.00M | 32.00M | 36.00M | 36.15M | 36.56M |
| Long-Term Deferred Tax Liabilities | 600.00M | 589.00M | 638.00M | 659.00M | 618.11M | 146.24M |
| Other Long-Term Liabilities | 526.00M | 443.00M | 467.00M | 545.00M | 567.50M | 143.53M |
| Total Liabilities | 9.04B | 8.94B | 7.92B | 8.96B | 9.45B | 4.14B |
| Common Stock | 41.00M | 41.00M | 41.00M | 41.00M | 30.12M | 25.73M |
| Additional Paid-In Capital | 22.00M | 21.00M | 20.00M | 19.00M | 10.84M | 9.48M |
| Retained Earnings | 6.38B | 6.38B | 6.17B | 6.05B | 3.98B | 4.29B |
| Comprehensive Income & Other | -931.00M | -946.00M | -932.00M | -903.00M | 919.33M | -2.61B |
| Total Common Equity | 5.52B | 5.50B | 5.29B | 5.21B | 4.94B | 1.71B |
| Minority Interest | -2.00M | -2.00M | -2.00M | -2.00M | -1.20M | -1.35M |
| Shareholders' Equity | 5.51B | 5.49B | 5.29B | 5.21B | 4.94B | 1.71B |
| Total Liabilities & Equity | 14.55B | 14.43B | 13.21B | 14.17B | 14.39B | 5.85B |
| Total Debt | 6.14B | 6.15B | 5.18B | 6.09B | 6.59B | 2.66B |
| Net Cash (Debt) | -3.67B | -3.77B | -4.03B | -4.08B | -3.98B | -1.75B |
| Net Cash Per Share | -1.45 | -1.49 | -1.59 | -1.61 | -1.97 | -0.94 |
| Filing Date Shares Outstanding | 2.53B | 2.52B | 2.51B | 2.51B | 2.50B | 1.85B |
| Total Common Shares Outstanding | 2.53B | 2.52B | 2.51B | 2.51B | 2.50B | 1.85B |
| Working Capital | 247.00M | 544.00M | -613.00M | 151.00M | 479.55M | -62.29M |
| Book Value Per Share | 2.18 | 2.18 | 2.11 | 2.08 | 1.98 | 0.93 |
| Tangible Book Value | -3.34B | -3.39B | -3.58B | -3.73B | -3.84B | -1.20B |
| Tangible Book Value Per Share | -1.32 | -1.35 | -1.42 | -1.49 | -1.54 | -0.65 |
| Land | 86.00M | 155.00M | 155.00M | 153.02M | 117.80M | |
| Machinery | 1.03B | 1.32B | 1.38B | 1.27B | 1.24B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 478.00M | 470.00M | 392.00M | 474.00M | 279.53M | 356.12M |
| Depreciation & Amortization | 492.00M | 516.00M | 566.00M | 559.00M | 438.58M | 379.14M |
| Other Amortization | 50.00M | 47.00M | 46.00M | 32.00M | 26.51M | 23.02M |
| Asset Writedown & Restructuring Costs | 36.00M | 9.64M | ||||
| Other Operating Activities | -159.00M | -199.00M | -19.00M | -45.00M | -27.71M | -21.66M |
| Change in Accounts Receivable | -94.00M | -20.00M | -48.00M | -36.00M | 6.02M | 79.89M |
| Change in Inventory | -37.00M | -27.00M | -15.00M | -18.00M | -4.82M | -4.06M |
| Change in Accounts Payable | 221.00M | 162.00M | -129.00M | -76.00M | 7.23M | -43.33M |
| Change in Other Net Operating Assets | -60.00M | -51.00M | -18.00M | -24.00M | -12.05M | -6.77M |
| Operating Cash Flow | 930.00M | 972.00M | 868.00M | 916.00M | 722.94M | 762.34M |
| Capital Expenditures | -161.00M | -208.00M | -219.00M | -207.00M | -184.35M | -173.32M |
| Sale of Property, Plant & Equipment | 23.00M | 20.00M | 5.00M | 17.00M | 6.02M | 9.48M |
| Cash Acquisitions | -90.00M | -121.00M | -219.00M | -298.00M | -1.23B | -626.93M |
| Divestitures | 394.00M | 391.00M | 1.20M | |||
| Sale (Purchase) of Intangibles | -62.00M | -61.00M | -56.00M | -55.00M | -44.58M | -43.33M |
| Investment in Securities | -1.00M | 24.00M | 1.20M | 231.54M | ||
| Other Investing Activities | 6.00M | 5.00M | 14.00M | 5.00M | 4.82M | 5.42M |
| Investing Cash Flow | 110.00M | 26.00M | -476.00M | -514.00M | -1.44B | -597.14M |
| Long-Term Debt Issued | 1.23B | 2.87B | 6.77M | |||
| Long-Term Debt Repaid | -892.00M | -649.00M | -195.00M | -1.14B | -345.29M | |
| Lease Payments | -192.00M | -192.00M | -185.00M | -195.00M | -125.31M | -119.16M |
| Net Debt Issued (Repaid) | -283.00M | 340.00M | -649.00M | -195.00M | 1.73B | -338.51M |
| Common Dividends Paid | -314.00M | -304.00M | -292.00M | -252.00M | -147.00M | -188.21M |
| Other Financing Activities | 13.00M | -9.00M | -11.00M | -4.00M | 12.05M | -37.91M |
| Financing Cash Flow | -584.00M | 27.00M | -952.00M | -451.00M | 1.59B | -564.64M |
| Foreign Exchange Rate Adjustments | 58.00M | 97.00M | -35.00M | 47.00M | -107.24M | -18.96M |
| Net Cash Flow | 514.00M | 1.12B | -595.00M | -2.00M | 767.52M | -418.40M |
| Free Cash Flow | 769.00M | 764.00M | 649.00M | 709.00M | 538.59M | 589.02M |
| Free Cash Flow Margin | 10.78% | 11.06% | 9.81% | 11.10% | 12.04% | 14.71% |
| Free Cash Flow Per Share | 0.30 | 0.30 | 0.26 | 0.28 | 0.27 | 0.32 |
| Levered Free Cash Flow | 1.05B | 828.00M | 630.75M | 600.60M | 706.07M | 298.57M |
| Unlevered Free Cash Flow | 1.21B | 976.12M | 773.88M | 734.35M | 761.79M | 327.34M |
| Free Cash Flow After Leases | 577.00M | 572.00M | 464.00M | 514.00M | 413.28M | 469.86M |
| Cash Interest Paid | 251.00M | 255.00M | 229.00M | 237.00M | 62.65M | 56.87M |
| Cash Income Tax Paid | 108.00M | 104.00M | 111.00M | 124.00M | 92.78M | 93.43M |
| Change in Working Capital | 30.00M | 64.00M | -210.00M | -154.00M | -3.61M | 25.73M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 11.80B | 15.15B | 12.60B | 14.05B | 15.37B | 14.64B |
| Enterprise Value | 15.50B | 19.46B | 16.67B | 18.31B | 17.08B | 16.18B |
| Last Close Price | 23.32 | 28.93 | 24.33 | 27.02 | 28.76 | 37.07 |
| PE Ratio | 24.42 | 32.22 | 32.15 | 29.63 | 54.97 | 41.12 |
| PS Ratio | 1.65 | 2.19 | 1.91 | 2.20 | 3.43 | 3.66 |
| PB Ratio | 2.14 | 2.76 | 2.38 | 2.70 | 3.11 | 8.55 |
| P/FCF Ratio | 15.35 | 19.82 | 19.42 | 19.81 | 28.53 | 24.86 |
| P/OCF Ratio | 12.69 | 15.58 | 14.52 | 15.33 | 21.26 | 19.21 |
| EV/Sales Ratio | 2.17 | 2.82 | 2.52 | 2.87 | 3.82 | 4.04 |
| EV/EBITDA Ratio | 12.38 | 15.78 | 14.22 | 14.48 | 18.95 | 20.60 |
| EV/EBIT Ratio | 16.85 | 22.19 | 21.85 | 21.41 | 28.93 | 31.60 |
| EV/FCF Ratio | 20.16 | 25.47 | 25.68 | 25.82 | 31.72 | 27.46 |
| Debt / Equity Ratio | 1.11 | 1.12 | 0.98 | 1.17 | 1.33 | 1.56 |
| Debt / EBITDA Ratio | 4.35 | 4.42 | 3.90 | 4.31 | 6.41 | 2.99 |
| Debt / FCF Ratio | 7.98 | 8.05 | 7.99 | 8.59 | 12.24 | 4.52 |
| Net Debt / Equity Ratio | 0.67 | 0.69 | 0.76 | 0.78 | 0.81 | 1.02 |
| Net Debt / EBITDA Ratio | 2.93 | 3.06 | 3.43 | 3.23 | 4.41 | 2.23 |
| Net Debt / FCF Ratio | 4.77 | 4.94 | 6.20 | 5.75 | 7.38 | 2.98 |
| Asset Turnover | 0.50 | 0.50 | 0.48 | 0.43 | 0.46 | 0.60 |
| Inventory Turnover | 20.62 | 20.02 | 20.99 | 21.14 | 4.19 | 4.46 |
| Quick Ratio | 0.97 | 1.07 | 0.72 | 0.97 | 1.07 | 0.87 |
| Current Ratio | 1.06 | 1.16 | 0.81 | 1.05 | 1.14 | 0.97 |
| Return on Equity (ROE) | 5.97% | 5.38% | 6.59% | 8.38% | 8.65% | 21.97% |
| Return on Assets (ROA) | 4.00% | 3.96% | 3.48% | 3.64% | 3.77% | 4.77% |
| Return on Invested Capital (ROIC) | 7.38% | 7.02% | 6.14% | 7.25% | 7.48% | 12.94% |
| Return on Capital Employed (ROCE) | 8.60% | 7.90% | 7.60% | 7.90% | 5.40% | 12.90% |
| Earnings Yield | 4.09% | 3.10% | 3.11% | 3.38% | 1.82% | 2.43% |
| FCF Yield | 6.52% | 5.04% | 5.15% | 5.05% | 3.50% | 4.02% |
| Dividend Yield | 2.32% | 2.06% | 2.40% | 1.94% | 1.48% | 1.09% |
| Payout Ratio | 56.87% | 64.68% | 74.49% | 53.16% | 52.59% | 52.85% |
| Buyback Yield / Dilution | -0.34% | -0.28% | -0.04% | -25.47% | -7.93% | -0.16% |
| Total Shareholder Return | 1.98% | 1.78% | 2.37% | -23.53% | -6.45% | 0.93% |