SEGMENT AND GEOGRAPHIC INFORMATION

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

SEGMENT AND GEOGRAPHIC INFORMATION

SEGMENT AND GEOGRAPHIC INFORMATION

The Company operates under one reportable segment which contains our residential, commercial, and termite service offerings. The Company's chief operating decision maker ("CODM") is the chief executive officer. The CODM uses net income to assess financial performance and allocate resources. This financial metric is used by the CODM to make key operating decisions, such as the determination of the rate of growth investments and the allocation of budget between cost categories. The measure of segment assets is reported on the consolidated statements of financial position as total consolidated assets.

The following table presents selected financial information with respect to the Company’s single reportable segment for the years ended December 31:

(in thousands)	2025		2024		2023
Revenue	$	3,761,050	$	3,388,708	$	3,073,278
Less:
Cost of services provided (exclusive of depreciation and amortization below):
Employee expenses	1,166,044		1,048,992		953,600
Materials and supplies	225,462		212,296		197,825
Insurance and claims	66,897		68,326		60,390
Fleet expenses	157,461		131,898		127,390
Other cost of services provided (1)	161,142		141,685		130,666
Total cost of services provided (exclusive of depreciation and amortization below)	1,777,006		1,603,197		1,469,871
Sales, general and administrative:
Selling and marketing expenses	484,859		427,916		375,805
Administrative employee expenses	345,643		313,814		291,772
Insurance and claims	40,816		41,434		37,946
Fleet expenses	39,608		33,580		31,415
Other sales, general and administrative (2)	222,306		198,323		178,295
Total sales, general and administrative	1,133,232		1,015,067		915,233
Restructuring costs	—		—		5,196
Depreciation and amortization	124,744		113,220		99,752
Interest expense, net	28,558		27,677		19,055
Other (income) expense, net	(3,416)		(683)		(22,086)
Income tax expense	174,221		163,851		151,300
Net income	$	526,705	$	466,379	$	434,957

(1) Other cost of services provided includes facilities costs, professional services, maintenance and repairs, software license costs, and other expenses directly related to providing services.

(2) Other sales, general and administrative includes facilities costs, professional services, maintenance and repairs, software license costs, bad debt expense, and other administrative expenses.

See the consolidated financial statements for other financial information regarding the Company’s reportable segment. See Note 3, Revenue for further information on revenue.

The Company's long-lived tangible assets, as well as the Company's operating lease right-of-use assets recognized on the consolidated statements of financial position were located as follows:

December 31,	2025		2024
(in thousands)
United States	$	504,593	$	503,767
International	46,122		35,546