Rollins Inc 2025年度报告

FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December31, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ___________ to ___________ Commission file No. 1-4422_____________________________ (Exact name of registrant as specified in its charter) Registrant’s telephone number, including area code: (404) 888-2000 Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon Stock, $1 Par ValueROLThe New York Stock Exchange Securities registered pursuant to section 12(g) of the Act: None. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YesNo Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YesNo Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act. If anemerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.7262(b)) by the registered public accounting firm thatprepared or issued its audit report. YesNo If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included inthe filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). The aggregate market value of Rollins, Inc. Common Stock held by non-affiliates on June30, 2025 was $15,803,310,776 based on the reported lastsale price of common stock on June30, 2025, which is the last business day of the registrant’s most recently completed second fiscal quarter. Rollins, Inc. had 481,092,221 shares of Common Stock outstanding as of January31, 2026. DOCUMENTS INCORPORATED BY REFERENCE Portions of the ProxyStatement for the 2026 Annual Meeting of Stockholders of Rollins, Inc. are incorporated by reference into Part III,Items 10-14 of this Form 10-K to the extent described herein. Rollins, Inc.Form 10-KFor the Year Ended December31, 2025Table of Contents Part I Item 1.Business.Item 1.A.Risk Factors.Item 1.B.Unresolved Staff Comments.Item 1.C.CybersecurityItem 2.Properties.Item 3.Legal Proceedings.Item 4.Mine Safety Disclosures. Part II Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities.22Item 6[Reserved]23Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations.23Item 7.A.Quantitative and Qualitative Disclosures about Market Risk.39Item 8.Financial Statements and Supplementary Data.40Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosures.82Item 9.A.Controls and Procedures.82Item 9.B.Other Information.83Item 9.C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections83 Part III Item 10.Directors, Executive Officers and Corporate Governance.83Item 11.Executive Compensation.84Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.84Item 13.Certain Relationships and Related Party Transactions, and Director Independence.84Item 14.Principal Accounting Fees and Services.84 Item 15.Exhibits and Financial Statement Schedules.85Signatures.88 PART I