Cash flow Rentokil Initial plc

Equities

RTO

GB00B082RF11

Business Support Services

Market Closed - London S.E. Other stock markets 16:35:07 05/06/2026 BST			5-day change	1st Jan Change
442.40 ^GBX	+0.07%		-1.43%	-1.14%

06-01	Panmure Liberum Begins Rentokil Initial Coverage with Buy Rating	MT
05-21	Rentokil Initial names Carrasco as North America CEO	AN

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Published financial data: RENTOKIL INITIAL PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025 (USD)
Revenues	2.96B	3.71B	5.38B	5.44B	6.91B
Total Revenues	2.96B	3.71B	5.38B	5.44B	6.91B
Cost of Goods Sold, Total	589M	721M	927M	877M	5.96B
Gross Profit	2.37B	2.99B	4.45B	4.56B	951M
Selling General & Admin Expenses, Total	1.61B	2B	2.87B	2.96B	-
Depreciation & Amortization - (IS)	128M	140M	154M	159M	-
Amortization of Goodwill and Intangible Assets - (IS)	89.4M	118M	197M	195M	-
Other Operating Expenses	173M	258M	493M	577M	74M
Other Operating Expenses, Total	2B	2.52B	3.71B	3.89B	74M
Operating Income	369M	475M	734M	672M	877M
Interest Expense, Total	-33.3M	-74M	-175M	-181M	-237M
Interest And Investment Income	1M	5M	25M	36M	31M
Net Interest Expenses	-32.3M	-69M	-150M	-145M	-206M
Income (Loss) On Equity Invest.	8.1M	9M	9M	7M	10M
Currency Exchange Gains (Loss)	-	-	11M	-5M	10M
Other Non Operating Income (Expenses)	-400K	17M	-13M	-8M	-11M
EBT, Excl. Unusual Items	344M	432M	591M	521M	680M
Restructuring Charges	-	-	-7M	-7M	-6M
Merger & Related Restructuring Charges	-13.3M	-135M	-95M	-68M	5M
Impairment of Goodwill	-200K	-22M	-3M	-28M	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-1.5M	-	-1M	-2M	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-4.2M	21M	8M	-11M	-289M
EBT, Incl. Unusual Items	325M	296M	493M	405M	390M
Income Tax Expense	61.9M	64M	112M	98M	100M
Earnings From Continuing Operations	263M	232M	381M	307M	290M
Earnings Of Discontinued Operations	-	-	-	-	180M
Net Income to Company	263M	232M	381M	307M	470M
Net Income - (IS)	263M	232M	381M	307M	470M
Net Income to Common Incl Extra Items	263M	232M	381M	307M	470M
Net Income to Common Excl. Extra Items	263M	232M	381M	307M	290M
Per Share Items
Net EPS - Basic	0.14	0.12	0.15	0.12	0.19
Basic EPS - Continuing Operations	0.14	0.12	0.15	0.12	0.11
Basic Weighted Average Shares Outstanding	1.86B	2B	2.52B	2.52B	2.52B
Net EPS - Diluted	0.14	0.12	0.15	0.12	0.19
Diluted EPS - Continuing Operations	0.14	0.12	0.15	0.12	0.11
Diluted Weighted Average Shares Outstanding	1.87B	2.01B	2.53B	2.53B	2.54B
Normalized Basic EPS	0.12	0.13	0.15	0.13	0.17
Normalized Diluted EPS	0.12	0.13	0.15	0.13	0.17
Dividend Per Share	0.06	0.08	0.09	0.09	0.12
Payout Ratio	52.7	52.59	52.76	74.59	64.68
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	566M	706M	1.05B	992M	1.23B
EBITA	438M	566M	898M	833M	1.07B
EBIT	369M	475M	734M	672M	877M
EBITDAR	586M	727M	1.08B	1.02B	1.27B
Effective Tax Rate - (Ratio)	19.04	21.62	22.72	24.2	25.64
Total Current Taxes	54M	78M	86M	94M	114M
Total Deferred Taxes	7.9M	-14M	26M	4M	-14M
Normalized Net Income	215M	270M	369M	326M	425M
Interest on Long-Term Debt	17M	50M	89M	86M	160M
Non-Cash Pension Expense	-3.2M	-2M	0	1M	3M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	5.4M	5M	7M	8M	4M
Net Rental Expense, Total	19.6M	21M	24M	33M	35M
Imputed Operating Lease Interest Expense	2.06M	3.34M	6.56M	10.71M	11.71M
Imputed Operating Lease Depreciation	17.54M	17.66M	17.44M	22.29M	23.29M
Stock-Based Comp., COGS (Total)	3.3M	17M	27M	20M	28M
Total Stock-Based Compensation	3.3M	17M	27M	20M	28M

Fiscal Period: December	2021	2022	2023	2024	2025 (USD)
Assets
Cash And Equivalents	668M	2.17B	1.56B	925M	2.32B
Short Term Investments	1.6M	1M	1M	2M	2M
Trading Asset Securities, Total	-	-	14M	-	61M
Total Cash And Short Term Investments	670M	2.17B	1.58B	927M	2.38B
Accounts Receivable, Total	443M	832M	880M	909M	1.15B
Other Receivables	56.7M	36M	33M	22M	18M
Total Receivables	500M	868M	913M	931M	1.17B
Inventory	136M	200M	207M	229M	308M
Prepaid Expenses	35.4M	-	-	-	-
Other Current Assets, Total	2.5M	-	-	-	-
Total Current Assets	1.34B	3.24B	2.7B	2.09B	3.86B
Gross Property Plant And Equipment	1.23B	1.64B	1.66B	1.64B	1.69B
Accumulated Depreciation	-605M	-689M	-708M	-677M	-670M
Net Property Plant And Equipment	626M	949M	951M	963M	1.02B
Long-term Investments	29.9M	97M	122M	64M	187M
Goodwill	1.84B	5.12B	5.02B	5.16B	6.58B
Other Intangibles, Total	306M	2.18B	2B	1.93B	2.3B
Accounts Receivable Long-Term	-	90M	45M	57M	52M
Deferred Tax Assets Long-Term	41.6M	43M	43M	34M	55M
Deferred Charges Long-Term	88.6M	200M	245M	258M	368M
Other Long-Term Assets, Total	43.1M	3M	3M	3M	6M
Total Assets	4.32B	11.92B	11.13B	10.55B	14.43B
Liabilities
Accounts Payable, Total	165M	351M	357M	315M	382M
Accrued Expenses, Total	326M	425M	417M	436M	592M
Short-term Borrowings	426M	1.29B	730M	553M	730M
Current Portion of Long-Term Debt	32.8M	64M	436M	616M	686M
Current Portion of Leases	77.8M	135M	127M	130M	171M
Current Income Taxes Payable	60.5M	60M	48M	43M	61M
Unearned Revenue Current, Total	166M	259M	254M	249M	292M
Other Current Liabilities	135M	260M	210M	233M	401M
Total Current Liabilities	1.39B	2.84B	2.58B	2.58B	3.32B
Long-Term Debt	1.26B	3.67B	3.17B	2.53B	4.17B
Long-Term Leases	139M	332M	318M	315M	392M
Pension & Other Post Retirement Benefits	27.3M	30M	28M	25M	27M
Deferred Tax Liability Non Current	108M	511M	517M	511M	589M
Other Non Current Liabilities	139M	440M	428M	373M	443M
Total Liabilities	3.06B	7.82B	7.04B	6.33B	8.94B
Common Stock, Total	18.6M	25M	25M	25M	41M
Additional Paid In Capital	6.8M	9M	14M	15M	21M
Retained Earnings	3.17B	3.3B	3.52B	3.61B	6.38B
Comprehensive Income and Other	-1.93B	763M	532M	583M	-946M
Total Common Equity	1.26B	4.1B	4.09B	4.23B	5.5B
Minority Interest	-500K	-1M	-1M	-1M	-2M
Total Equity	1.26B	4.1B	4.09B	4.23B	5.49B
Total Liabilities And Equity	4.32B	11.92B	11.13B	10.55B	14.43B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.85B	2.5B	2.51B	2.51B	2.52B
ECS Total Common Shares Outstanding	1.85B	2.5B	2.51B	2.51B	2.52B
Book Value / Share	0.68	1.64	1.63	1.68	2.18
Tangible Book Value	-886M	-3.2B	-2.93B	-2.86B	-3.39B
Tangible Book Value Per Share	-0.48	-1.28	-1.17	-1.14	-1.35
Total Debt	1.93B	5.49B	4.78B	4.14B	6.15B
Net Debt	1.26B	3.32B	3.2B	3.21B	3.77B
Debt Equivalent of Unfunded Proj. Benefit Obligation	8.3M	27M	25M	22M	21M
Debt Equivalent Oper. Leases	157M	168M	192M	264M	280M
Minority Interest, Total (Incl. Fin. Div)	-500K	-1M	-1M	-1M	-2M
Equity Method Investments, Total	29.7M	53M	44M	37M	41M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	12.5M	15M	15M	15M	18M
Inventories - Work In Process, Total	2M	2M	3M	3M	1M
Inventories - Finished Goods, Total	121M	183M	189M	211M	289M
Land - (BS)	87.5M	127M	122M	124M	86M
Machinery, Total	916M	1.06B	1.08B	1.06B	1.03B
Full Time Employees	46K	58.6K	62.93K	68.48K	63.39K
Accumulated Allowance for Doubtful Accounts (Supple)	49.2M	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025 (USD)
Net Income	263M	232M	381M	307M	470M
Depreciation & Amortization - CF	207M	229M	274M	282M	327M
Amortization of Goodwill and Intangible Assets - (CF)	68.7M	91M	164M	161M	189M
Depreciation & Amortization, Total	276M	320M	438M	443M	516M
Amortization of Deferred Charges, Total - (CF)	20.8M	27M	33M	36M	47M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	1.6M	47M	4M	28M	-
Net Cash From Discontinued Operations	-	-	-	-	74M
Other Operating Activities, Total	-16.7M	-23M	4M	29M	-199M
Change In Accounts Receivable	58.7M	37M	-29M	-38M	-20M
Change In Inventories	-3.2M	-4M	-15M	-12M	-27M
Change In Accounts Payable	-43M	-75M	-60M	-101M	162M
Change in Unearned Revenues	11.1M	81M	-	-	-
Change in Other Net Operating Assets	-4.8M	-42M	-19M	-14M	-51M
Cash from Operations	563M	600M	737M	678M	972M
Capital Expenditure	-128M	-153M	-167M	-171M	-208M
Sale of Property, Plant, and Equipment	7.4M	5M	14M	4M	20M
Cash Acquisitions	-463M	-1.02B	-242M	-172M	-121M
Divestitures	-	1M	-	-	391M
Sale (Purchase) of Intangible assets	-32.1M	-37M	-44M	-44M	-61M
Investment in Marketable and Equity Securities, Total	171M	1M	19M	-1M	-
Other Investing Activities, Total	3.9M	4M	4M	11M	5M
Cash from Investing	-441M	-1.2B	-416M	-373M	26M
Long-Term Debt Issued, Total	4.7M	2.38B	-	-	1.23B
Total Debt Issued	4.7M	2.38B	-	-	1.23B
Long-Term Debt Repaid, Total	-255M	-948M	-157M	-514M	-892M
Total Debt Repaid	-255M	-948M	-157M	-514M	-892M
Common Dividends Paid	-139M	-122M	-201M	-229M	-304M
Common & Preferred Stock Dividends Paid	-139M	-122M	-201M	-229M	-304M
Other Financing Activities, Total	-28.5M	10M	-3M	-9M	-9M
Cash from Financing	-417M	1.32B	-361M	-752M	27M
Foreign Exchange Rate Adjustments	-13.9M	-89M	-7M	-13M	97M
Net Change in Cash	-309M	637M	-47M	-460M	1.12B
Supplemental Items
Cash Interest Paid	41.6M	52M	191M	180M	255M
Cash Income Tax Paid (Refund)	68.9M	77M	100M	87M	104M
Levered Free Cash Flow	207M	532M	509M	541M	828M
Unlevered Free Cash Flow	228M	578M	619M	654M	976M
Change In Net Working Capital	143M	-107M	127M	50M	-106M
Net Debt Issued / Repaid	-250M	1.44B	-157M	-514M	340M

Fiscal Period: December	2021	2022	2023	2024	2025 (USD)
Profitability
Return on Assets	4.65	3.65	3.98	3.87	3.97
Return on Total Capital	6.17	4.63	4.98	4.87	4.96
Return On Equity %	21.98	8.65	9.31	7.38	5.38
Return on Common Equity	21.99	8.65	9.31	7.38	5.37
Margin Analysis
Gross Profit Margin %	80.07	80.59	82.75	83.87	13.77
SG&A Margin	54.37	53.9	53.4	54.38	-
EBITDA Margin %	19.14	19.01	19.57	18.25	17.85
EBITA Margin %	14.8	15.24	16.71	15.32	15.43
EBIT Margin %	12.48	12.79	13.66	12.36	12.7
Income From Continuing Operations Margin %	8.9	6.25	7.09	5.65	4.2
Net Income Margin %	8.9	6.25	7.09	5.65	6.8
Net Avail. For Common Margin %	8.9	6.25	7.09	5.65	4.2
Normalized Net Income Margin	7.28	7.27	6.87	5.99	6.15
Levered Free Cash Flow Margin	7	14.31	9.48	9.95	11.99
Unlevered Free Cash Flow Margin	7.7	15.56	11.51	12.03	14.13
Asset Turnover
Asset Turnover	0.6	0.46	0.47	0.5	0.5
Fixed Assets Turnover	4.75	4.72	5.67	5.68	6.21
Receivables Turnover (Average Receivables)	6.24	5.47	6.29	6.08	6.04
Inventory Turnover (Average Inventory)	4.41	4.29	4.56	4.02	20.02
Short Term Liquidity
Current Ratio	0.97	1.14	1.05	0.81	1.16
Quick Ratio	0.84	1.07	0.97	0.72	1.07
Operating Cash Flow to Current Liabilities	0.41	0.21	0.29	0.26	0.29
Days Sales Outstanding (Average Receivables)	58.51	66.78	58.06	60.23	60.45
Days Outstanding Inventory (Average Inventory)	82.69	85.05	80.13	90.98	18.23
Average Days Payable Outstanding	106.82	119.96	138.34	136.79	23.69
Cash Conversion Cycle (Average Days)	34.38	31.87	-0.15	14.41	54.98
Long Term Solvency
Total Debt/Equity	152.89	133.92	116.93	97.94	111.99
Total Debt / Total Capital	60.46	57.25	53.9	49.48	52.83
LT Debt/Equity	110.4	97.56	85.3	67.22	83.11
Long-Term Debt / Total Capital	43.65	41.71	39.32	33.96	39.2
Total Liabilities / Total Assets	70.76	65.63	63.26	59.94	61.94
EBIT / Interest Expense	11.08	6.42	4.19	3.71	3.7
EBITDA / Interest Expense	19.35	10.74	6.7	6.16	5.88
(EBITDA - Capex) / Interest Expense	15.51	8.68	5.74	5.22	5
Total Debt / EBITDA	3	6.9	4.08	3.71	4.42
Net Debt / EBITDA	1.96	4.17	2.73	2.88	2.71
Total Debt / (EBITDA - Capex)	3.74	8.55	4.76	4.39	5.19
Net Debt / (EBITDA - Capex)	2.44	5.17	3.19	3.4	3.18
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	5.47	25.6	44.72	1.13	4.4
Gross Profit, 1 Yr. Growth %	6.77	26.77	48.61	1.88	14.03
EBITDA, 1 Yr. Growth %	10.46	24.51	41.59	-5.7	5.2
EBITA, 1 Yr. Growth %	15.01	28.93	48.92	-7.24	10.12
EBIT, 1 Yr. Growth %	16.96	28.38	43.36	-8.45	14.94
Earnings From Cont. Operations, 1 Yr. Growth %	41.28	-11.79	64.22	-19.42	-16.18
Net Income, 1 Yr. Growth %	41.28	-11.79	64.22	-19.42	19.9
Normalized Net Income, 1 Yr. Growth %	35.02	25.22	26.01	-11.84	18.88
Diluted EPS Before Extra, 1 Yr. Growth %	41.28	-18.37	30.93	-19.44	-16.44
Accounts Receivable, 1 Yr. Growth %	-12.15	57.87	6.02	3.3	1.23
Inventory, 1 Yr. Growth %	3.35	47.06	3.5	10.63	7.32
Net Property, Plant and Equip., 1 Yr. Growth %	0.87	51.6	0.74	1.26	-15.27
Total Assets, 1 Yr. Growth %	-22.57	175.72	-6.82	-5.15	9.26
Tangible Book Value, 1 Yr. Growth %	13.66	261.81	-7.97	-2.49	-5.25
Common Equity, 1 Yr. Growth %	11.92	224.03	-0.24	3.42	3.8
Cash From Operations, 1 Yr. Growth %	7.6	6.57	22.83	-8.01	11.98
Capital Expenditures, 1 Yr. Growth %	-1.62	19.53	9.15	2.4	-5.02
Levered Free Cash Flow, 1 Yr. Growth %	-58.39	149	-9.16	6.18	31.27
Unlevered Free Cash Flow, 1 Yr. Growth %	-56.41	146.17	1.94	5.7	26.13
Dividend Per Share, 1 Yr. Growth %	18.11	18.15	14.97	4.72	2.74
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	4.37	15.11	34.82	20.98	4.01
Gross Profit, 2 Yr. CAGR %	5.03	16.27	37.26	23.07	2.57
EBITDA, 2 Yr. CAGR %	6.28	16.86	34.68	15.16	-1.23
EBITA, 2 Yr. CAGR %	8.2	21.25	40.95	17.05	-0.33
EBIT, 2 Yr. CAGR %	12.09	25.21	39.35	17.11	1.28
Earnings From Cont. Operations, 2 Yr. CAGR %	-3.7	11.68	20.36	15.03	-18.54
Net Income, 2 Yr. CAGR %	-3.7	11.68	20.36	15.03	-0.42
Normalized Net Income, 2 Yr. CAGR %	14.64	33.61	29.39	7.96	0
Diluted EPS Before Extra, 2 Yr. CAGR %	-3.81	7.39	3.38	2.7	-18.66
Accounts Receivable, 2 Yr. CAGR %	0.97	28.41	29.22	4.65	1.33
Inventory, 2 Yr. CAGR %	12.88	23.42	23.37	7	8.01
Net Property, Plant and Equip., 2 Yr. CAGR %	1.03	23.7	23.25	1	-8.22
Total Assets, 2 Yr. CAGR %	0.81	46.13	60.42	-5.99	0.92
Tangible Book Value, 2 Yr. CAGR %	16.06	102.64	82.02	-5.27	-4.7
Common Equity, 2 Yr. CAGR %	12.35	90.48	79.79	1.57	2.71
Cash From Operations, 2 Yr. CAGR %	10.3	4.64	14.41	6.3	3.01
Capital Expenditures, 2 Yr. CAGR %	-4.49	8.49	14.22	5.72	0.24
Levered Free Cash Flow, 2 Yr. CAGR %	-18.27	4.59	51.99	-3.93	17.41
Unlevered Free Cash Flow, 2 Yr. CAGR %	-18.91	6.34	59.98	1.71	15.29
Dividend Per Share, 2 Yr. CAGR %	105.71	18.13	16.55	9.73	6.86
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	6.14	11.02	24.24	22.5	11.39
Gross Profit, 3 Yr. CAGR %	6.53	11.73	26.18	24.53	-38.31
EBITDA, 3 Yr. CAGR %	6	12.11	26.72	19.59	6.99
EBITA, 3 Yr. CAGR %	8.32	14.83	32.62	22.6	9.21
EBIT, 3 Yr. CAGR %	9.23	17.39	34.3	21.14	9.97
Earnings From Cont. Operations, 3 Yr. CAGR %	38.86	-6.5	27	5.29	-2.43
Net Income, 3 Yr. CAGR %	38.86	-6.5	27	5.29	14.6
Normalized Net Income, 3 Yr. CAGR %	10.18	18.14	34.67	13.86	4.17
Diluted EPS Before Extra, 3 Yr. CAGR %	38.13	-8.93	14.73	-4.87	-9.61
Accounts Receivable, 3 Yr. CAGR %	2.42	24.15	20.37	19.93	1
Inventory, 3 Yr. CAGR %	9.56	23.37	16.39	18.97	4.59
Net Property, Plant and Equip., 3 Yr. CAGR %	12.71	15.69	15.31	15.44	-7.03
Total Assets, 3 Yr. CAGR %	11.95	40.99	25.84	34.64	-3.52
Tangible Book Value, 3 Yr. CAGR %	10.15	69.46	55.5	47.83	-7.53
Common Equity, 3 Yr. CAGR %	14.96	59.95	53.54	49.53	-0.13
Cash From Operations, 3 Yr. CAGR %	15.7	9.03	10.38	6.39	6.37
Capital Expenditures, 3 Yr. CAGR %	-4.6	2.98	8.71	10.14	0.34
Levered Free Cash Flow, 3 Yr. CAGR %	0.3	19.74	1.58	34.86	1.63
Unlevered Free Cash Flow, 3 Yr. CAGR %	-1.65	18.62	6.59	39.34	4.68
Dividend Per Share, 3 Yr. CAGR %	12.64	71	17.07	12.47	6.83
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.4	9.01	16.8	14.9	12.86
Gross Profit, 5 Yr. CAGR %	5.73	9.09	17.83	16.26	-20.42
EBITDA, 5 Yr. CAGR %	2.97	7.01	17.23	14.64	12.12
EBITA, 5 Yr. CAGR %	7.79	8.91	21.13	17.38	15.52
EBIT, 5 Yr. CAGR %	7.47	8.53	20.99	18.01	16.55
Earnings From Cont. Operations, 5 Yr. CAGR %	9.42	-19.42	31.12	1.58	2.99
Net Income, 5 Yr. CAGR %	9.42	-19.42	31.12	1.58	13.43
Normalized Net Income, 5 Yr. CAGR %	8.88	8.99	18.09	14.74	15.86
Diluted EPS Before Extra, 5 Yr. CAGR %	9.13	-20.78	23.01	-4.45	-3.16
Accounts Receivable, 5 Yr. CAGR %	7	17.32	16.36	15.89	11.13
Inventory, 5 Yr. CAGR %	11.15	18.86	14.94	16.55	11.75
Net Property, Plant and Equip., 5 Yr. CAGR %	8.49	19.45	16.83	9.46	4.11
Total Assets, 5 Yr. CAGR %	11.2	30.85	29.28	19.93	13.95
Tangible Book Value, 5 Yr. CAGR %	7.17	63.59	34.62	34.15	26.43
Common Equity, 5 Yr. CAGR %	28.52	34.43	37.49	33.38	29.3
Cash From Operations, 5 Yr. CAGR %	9.29	9.58	15.18	7.93	5.68
Capital Expenditures, 5 Yr. CAGR %	-7.25	-2.57	2.56	4.07	3.52
Levered Free Cash Flow, 5 Yr. CAGR %	65.42	10.77	19.96	11.8	4.83
Unlevered Free Cash Flow, 5 Yr. CAGR %	37.09	10.65	20.92	13.57	7.26
Dividend Per Share, 5 Yr. CAGR %	13.65	14.24	14.19	43.19	11.22