The total U.S. William Blair/PCO Bookkeepers & M&A Specialists Pest Index increased 9 percent year-over-year in February 2025, the same as January’s result. The first two months of 2025 were slightly below the long-term average pest index growth rate of 10 percent.

“After normalizing for one less workday in February, the pest index increased 12 percent to 13 percent year-over-year,” says William Blair Equity Researcher Tim Mulrooney. “This is slightly stronger than January on a workday-adjusted basis, which may be partly explained by more difficult weather comparisons in January.”

Dan Gordon, managing member of PCO Bookkeepers & M&A Specialists, adds, “These results are in line with expectations, demonstrating the pest market’s overall strength and consistency.”

The month’s results by segment include:

• The Residential Pest Index increased 9 percent year-over-year.
• The Commercial Pest Index increased 10 percent year-over-year.
• The Termite Index increased 8 percent year-over-year.
• The Bed Bug Index increased 4 percent year-over-year.
• The Mosquito Index was flat year-over-year.

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The William Blair/PCO Bookkeepers & M&A Specialists Pest Index tracks the monthly performance of 153 privately held pest control companies across 38 states with combined annual 2024 revenue of $562 million. The purpose of the report is to track the monthly performance of several U.S. pest markets. It does not include residential door-to-door companies. Learn more.