← Back to Physical Services
PHYSICAL SERVICES

Pest Control

Leader: Rentokil (Terminix) — 20.0% S1 · 38.0% CR3

S1
20.0%
leader
CR3
38.0%
top 3 combined
HHI
580
Unconcentrated
MARKET SIZE
$25B
US

How this is calculated

FORMULA
S1 = Rentokil (Terminix) revenue / total revenue = 20.0%
CR3 = Rentokil (Terminix) + Rollins (Orkin) + Anticimex = 38.0%
HHI = Σ(share²) = 580 (Unconcentrated (HHI < 1,500))
DENOMINATOR
Revenue — $25B (US)
US pest control services revenue.
Size from: IBISWorld US Pest Control
TOP 3 PLAYERS
#1Rentokil (Terminix)20.0%
#2Rollins (Orkin)12.0%
#3Anticimex6.0%
METHODOLOGY NOTE
Rentokil-Initial NA pest segment $5.0B (post-Terminix), Rollins/Orkin $3.0B (10-K), Anticimex US ~$1.5B (estimate from EQT case study; Anticimex group revenue SEK 16.9B 2024 with US ~40% mix per company commentary) divided by $25B US pest control market (IBISWorld). PE-driven roll-up pattern; Anticimex is private (EQT-owned) but parent publishes group revenue annually.
SOURCES
Year: 2025
Geo: US
Firms: 33,000+

Historical S1 / CR3 trajectory

1990S1: 8%CR3: 15%Orkin largest; fragmented
2000S1: 10%CR3: 18%Rollins M&A
2010S1: 12%CR3: 22%PE enters
2020S1: 16%CR3: 30%Rentokil acquiring Terminix
2025S1: 20%CR3: 38%Consolidation continuing; Anticimex US ~$1.5B added

Labor economics

REV / EMPLOYEE (leader)
$0.2M
industry avg $0.1M
SG&A % (leader)
28%
of revenue

Rentokil (IFRS, no clean SG&A line) — peer Rollins at 28.0%; 28 is directional

See full Labor & AI analysis →

Related markets

HVAC Contractors
EMCOR Group
3.5%
CR3 6.3%
Roofing
Tecta America
2.6%
CR3 4.9%
Plumbing
Roto-Rooter
1.5%
CR3 2.8%
Electrical
Quanta Services
4.9%
CR3 8.4%
Commercial Cleaning
ABM Industries
5.0%
CR3 6.1%

Source Quality Hierarchy

Every market has a primary source plus 1–3 validation sources. Revenue numerators come from SEC 10-K filings; denominators validated against the Economic Census where available.

TIER 1Authoritative anchorsGovernment data + SEC filings
US Economic Census (data.census.gov) · SEC EDGAR / Company 10-Ks · BEA Industry Value-Added (FRED) · BLS QCEW · USGS Mineral Commodity Summaries · EIA Refinery Capacity Report · FDA device listings
TIER 2Leading commercial trackersIndustry-standard paid trackers
IDC Semiannual Software Tracker · Gartner Market Share & Magic Quadrant · IBISWorld NAICS reports · StatCounter Global Stats · eMarketer / Insider Intelligence · Synergy Research Group
TIER 3Category specialistsBest-in-class niche authorities
SIPRI (aerospace & defense) · IQVIA (pharma) · TrendForce (semiconductors) · CIMdata (CAD/PLM) · Nilson Report (payments) · Am Law 100 (legal) · ENR Top 500 (A&E) · AM Best (insurance) · SIA (staffing) · Ad Age (agencies) · Barron's / Cerulli (wealth) · Evaluate MedTech · Nielsen Gauge (streaming) · Gridwise (ride-hail) · Bloomberg Second Measure (delivery) · RC Top 100 (roofing) · SDM Top 100 (fire/safety) · Big 4 annual reports · ALM Intelligence (consulting)

Data vintage: Q2 2025 research compilation. Labels updated 2026-Q2. Tier 1 sources refreshed from FY2025 SEC filings where available. For full methodology see the Methodology page.