A Business at a Glance
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CINTAS CORP
CTAS
$84.5B
Mkt Cap
$205.91
+1.31%
CINTAS CORP (CTAS) has a current P/E ratio of 46.8, compared to its historical median P/E of 31.1. The stock is currently considered Expensive based on its historical valuation range.
CINTAS CORP (CTAS) has a 5-year average return on invested capital (ROIC) of 24.9%. This indicates strong capital allocation and a potential competitive advantage.
CINTAS CORP (CTAS) has a market capitalization of $82.4B. It is classified as a large-cap stock.
Yes, CINTAS CORP (CTAS) pays a dividend with a trailing twelve-month yield of 0.82%. The company also returns capital through share buybacks, with a buyback yield of 1.44%.
Based on historical P/E analysis, CINTAS CORP (CTAS) appears expensive. The current P/E of 46.8 is 50% above its historical median of 31.1. The estimated fair value CAGR (P/E method) is 13.4%.
CINTAS CORP (CTAS) operates in the Men'S & Boys' Furnishgs, Work Clothg, & Allied Garments industry, within the Consumer Cyclical sector.
CINTAS CORP (CTAS) reported annual revenue of $10.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
Cintas Corporation provides a comprehensive suite of products and services to over one million businesses across the United States, Canada, and Latin America, helping customers maintain professional image, workplace safety, cleanliness, and compliance. The company operates through two primary reportable segments: Uniform Rental and Facility Services, which includes rental and servicing of uniforms, flame-resistant clothing, mats, mops, shop towels, restroom supplies, and catalog sales; and First Aid and Safety Services, which encompasses first aid and safety products, services, and workplace water services. Additional operations include Fire Protection Services and Uniform Direct Sale. Cintas distributes its products and services through approximately 12,100 local delivery routes originating from 478 operational facilities and 12 distribution centers, leveraging a local, route-based business model that serves a highly fragmented market with no single customer representing more than one percent of total revenue. The company manufactures standard uniforms at five internal facilities while sourcing finished products from external suppliers, and competes on product design, quality, service, price, and convenience. The business model emphasizes recurring revenue through rental programs and subscription-based services, with a focus on operational efficiency, employee-partner development, and environmental sustainability through laundering processes that extend product lifespan and reduce wastewater compared to home laundering.
【Sustained organic growth momentum】 Management expects to continue targeting mid- to high-single-digit organic growth rates, with new business acquisition and cross-sell opportunities driving expansion in a favorable market environment. The company is investing in route leadership, management trainees, and technology infrastructure to support long-term growth, while maintaining disciplined capital allocation across dividends, share repurchases, and reinvestment in products and people. First Aid and Safety Services is expected to grow in the low double digits, while Uniform Direct Sale is anticipated to grow in the low single digits, reflecting confidence in the underlying business model and customer demand across diverse end-markets. Management remains focused on delivering exceptional customer experiences and navigating a dynamic sourcing and tariff environment through operational excellence and selective pricing strategies, with expectations for historical pricing levels and continued strong cash flow generation.
| Metric | Target | Period |
|---|---|---|
| Revenue | $11.21–11.24 billion | FY2026 |
| Adjusted diluted EPS | $4.86–4.90 | FY2026 |
Revenue (FY2026): “We expect our revenue to be in the range of $11.21 billion-$11.24 billion, a total growth rate of 8.4%-8.7%.”
Adjusted diluted EPS (FY2026): “We expect adjusted diluted EPS to be in the range of $4.86-$4.90, a growth rate of 10.5%-11.4%.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q1 FY2027 Earnings Call, Q4 FY2026 Earnings Call, Q3 FY2026 Earnings Call, Q2 FY2026 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 11.0B | 10.3B | 9.6B | 8.8B | 7.9B | 7.1B |
| Net Income | 1.9B | 1.8B | 1.6B | 1.3B | 1.2B | 1.1B |
| EPS | $4.81 | $4.40 | $0.95 | $0.81 | $2.91 | $2.56 |
| Free Cash Flow | 1.8B | 1.8B | 1.7B | 1.3B | 1.3B | 1.2B |
| ROIC | 26.9% | 29.4% | 26.0% | 24.1% | 24.1% | 21.0% |
| Gross Margin | 85.3% | 50.0% | 48.8% | 47.3% | 46.2% | 46.6% |
| Debt/Equity | 0.60 | 0.52 | 0.57 | 0.64 | 0.85 | 0.69 |
| Dividends/Share | $1.70 | $1.56 | $0.34 | $0.29 | $0.95 | $1.25 |
| Operating Income | 2.5B | 2.4B | 2.1B | 1.8B | 1.6B | 1.4B |
| Operating Margin | 23.0% | 22.8% | 21.6% | 20.4% | 20.2% | 19.5% |
| ROE | 40.3% | 40.1% | 38.3% | 37.4% | 35.2% | 32.1% |
| Shares Outstanding | 400M | 410M | 1,652M | 1,652M | 422M | 434M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 4.2B | 4.4B | 4.8B | 5.3B | 6.5B | 6.9B | 7.1B | 7.1B | 7.9B | 8.8B | 9.6B | 10.3B | 11.0B |
| Gross Margin | 41.7% | 43.3% | 43.8% | 44.7% | 44.9% | 45.4% | 45.6% | 46.6% | 46.2% | 47.3% | 48.8% | 50.0% | 85.3% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 1.1B | 1.2B | 1.3B | 1.5B | 1.9B | 2.0B | 2.1B | 1.9B | 2.0B | 2.4B | 2.6B | 2.8B | 3.0B |
| EBIT | 603M | 684M | 769M | 774M | 950M | 1.1B | 1.2B | 1.4B | 1.6B | 1.8B | 2.1B | 2.4B | 2.5B |
| Op. Margin | 14.4% | 15.6% | 16.0% | 14.5% | 14.7% | 16.4% | 16.4% | 19.5% | 20.2% | 20.4% | 21.6% | 22.8% | 23.0% |
| Net Income | 374M | 431M | 694M | 481M | 843M | 885M | 876M | 1.1B | 1.2B | 1.3B | 1.6B | 1.8B | 1.9B |
| Net Margin | 8.9% | 9.9% | 14.5% | 9.0% | 13.0% | 12.8% | 12.4% | 15.6% | 15.7% | 15.2% | 16.3% | 17.5% | 17.5% |
| Non-Recurring | 16M | 0 | 0 | 23M | 0 | 5.7M | 9.2M | 27M | 12M | 0 | 0 | 19M | 19M |
| Returns on Capital | |||||||||||||
| ROIC | 12.4% | 14.8% | 16.8% | 12.5% | 16.7% | 15.8% | 16.9% | 21.0% | 24.1% | 24.1% | 26.0% | 29.4% | 26.9% |
| ROE | 17.0% | 20.9% | 36.7% | 23.2% | 31.7% | 29.4% | 28.1% | 32.1% | 35.2% | 37.4% | 38.3% | 40.1% | 40.3% |
| ROA | 8.5% | 10.0% | 16.7% | 8.8% | 12.2% | 12.3% | 11.6% | 14.0% | 15.0% | 16.1% | 17.7% | 19.0% | 18.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 606M | 580M | 466M | 764M | 964M | 1.1B | 1.3B | 1.4B | 1.5B | 1.6B | 2.1B | 2.2B | 2.2B |
| Free Cash Flow | 460M | 363M | 190M | 491M | 692M | 791M | 1.1B | 1.2B | 1.3B | 1.3B | 1.7B | 1.8B | 1.8B |
| Owner Earnings | 429M | 381M | 221M | 478M | 572M | 569M | 797M | 861M | 1.0B | 1.1B | 1.5B | 1.5B | 1.4B |
| CapEx | 146M | 218M | 275M | 273M | 272M | 277M | 230M | 143M | 241M | 331M | 409M | 409M | 414M |
| Maint. CapEx | 147M | 153M | 165M | 197M | 279M | 360M | 379M | 388M | 400M | 409M | 442M | 494M | 651M |
| Growth CapEx | 0 | 65M | 110M | 77M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 147M | 153M | 165M | 197M | 279M | 360M | 379M | 388M | 400M | 409M | 442M | 494M | 651M |
| CapEx/OCF | 24.0% | 37.5% | 59.1% | 35.8% | 28.2% | 25.9% | 17.8% | 10.5% | 15.7% | 20.7% | 19.8% | 18.9% | 18.8% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 93M | 202M | 115M | 142M | 176M | 221M | 268M | 451M | 375M | 450M | 531M | 612M | 679M |
| Dividend Yield | 1.6% | 2.6% | 1.3% | 1.3% | 1.1% | 1.1% | 1.1% | 1.3% | 0.9% | 0.3% | 0.2% | 0.8% | 0.8% |
| Share Buybacks | 371M | 552M | 780M | 21M | 127M | 1.0B | 465M | 554M | 1.5B | 399M | 700M | 935M | 1.2B |
| Buyback Yield | 5.6% | 6.0% | 8.1% | 0.2% | 0.7% | 4.5% | 1.8% | 1.5% | 3.7% | 0.8% | 1.0% | 1.0% | 1.4% |
| Stock-Based Comp | 30M | 47M | 79M | 89M | 113M | 139M | 115M | 112M | 109M | 104M | 117M | 128M | 128M |
| Debt Repayment | 8.2M | 518K | 16K | 250M | 550M | 0 | 200M | 0 | 1.2B | 50M | 13M | 450M | 450M |
| Balance Sheet | |||||||||||||
| Net Debt | 788M | 883M | 1.2B | 3.2B | 2.4B | 3.1B | 2.4B | 2.0B | 2.7B | 2.4B | 2.1B | 2.2B | 2.7B |
| Cash & Equiv. | 513M | 417M | 139M | 169M | 139M | 97M | 145M | 494M | 90M | 124M | 342M | 264M | 183M |
| Long-Term Debt | 1.3B | 1.3B | 1.0B | 2.8B | 2.5B | 2.5B | 2.5B | 1.6B | 2.5B | 2.5B | 2.0B | 2.4B | 2.4B |
| Debt/Equity | 0.59 | 0.67 | 0.70 | 1.48 | 0.84 | 1.05 | 0.79 | 0.69 | 0.85 | 0.64 | 0.57 | 0.52 | 0.60 |
| Interest Coverage | 9.2 | 10.5 | 11.9 | 8.9 | 8.6 | 11.1 | 11.0 | 14.1 | 17.9 | 16.2 | 20.5 | 23.3 | 24.2 |
| Equity | 2.2B | 1.9B | 1.8B | 2.3B | 3.0B | 3.0B | 3.2B | 3.7B | 3.3B | 3.9B | 4.3B | 4.7B | 4.8B |
| Total Assets | 4.5B | 4.2B | 4.1B | 6.8B | 7.0B | 7.4B | 7.7B | 8.2B | 8.1B | 8.5B | 9.2B | 9.8B | 10.2B |
| Total Liabilities | 2.3B | 2.3B | 2.3B | 4.5B | 3.9B | 4.4B | 4.4B | 4.5B | 4.8B | 4.7B | 4.9B | 5.1B | -53M |
| Intangibles | 56M | 36M | 78M | 587M | 546M | 495M | 761M | 720M | 719M | 701M | 690M | 694M | 691M |
| Retained Earnings | 4.0B | 4.2B | 4.8B | 5.2B | 5.8B | 6.7B | 7.3B | 7.9B | 8.7B | 9.6B | 10.6B | 11.8B | 12.7B |
| Working Capital | 1.2B | 1.2B | 775M | 824M | 1.2B | 1.1B | 1.4B | 909M | 1.2B | 1.7B | 1.4B | 1.8B | 1.8B |
| Current Assets | 1.8B | 1.7B | 1.6B | 2.0B | 2.0B | 2.2B | 2.3B | 2.8B | 2.6B | 2.9B | 3.2B | 3.4B | 3.6B |
| Current Liabilities | 630M | 509M | 816M | 1.1B | 776M | 1.1B | 885M | 1.9B | 1.4B | 1.2B | 1.8B | 1.6B | 1.8B |
| Per Share Data | |||||||||||||
| EPS | 0.76 | 0.91 | 1.55 | 1.10 | 1.89 | 2.00 | 2.03 | 2.56 | 2.91 | 0.81 | 0.95 | 4.40 | 4.81 |
| Owner EPS | 0.87 | 0.80 | 0.50 | 1.09 | 1.28 | 1.28 | 1.84 | 1.98 | 2.44 | 0.65 | 0.91 | 3.76 | 3.56 |
| Book Value | 4.47 | 4.07 | 4.12 | 5.25 | 6.77 | 6.78 | 7.49 | 8.50 | 7.84 | 2.34 | 2.61 | 11.41 | 11.97 |
| Cash Flow/Share | 1.23 | 1.22 | 1.04 | 1.74 | 2.16 | 2.41 | 2.99 | 3.14 | 3.64 | 0.96 | 1.25 | 5.28 | 6.45 |
| Dividends/Share | 0.19 | 0.43 | 0.26 | 0.33 | 0.41 | 0.51 | 0.64 | 1.25 | 0.95 | 0.29 | 0.34 | 1.56 | 1.70 |
| Shares Out. | 491.1M | 474.5M | 446.7M | 439.0M | 445.8M | 443.0M | 432.1M | 434.0M | 422.2M | 1.7B | 1.7B | 410.4M | 400.0M |
| Valuation | |||||||||||||
| P/E Ratio | 17.7 | 21.2 | 13.8 | 26.1 | 22.1 | 25.8 | 29.3 | 33.0 | 32.9 | 35.2 | 43.6 | 50.8 | 42.8 |
| P/FCF | 14.4 | 25.2 | 50.3 | 25.6 | 26.9 | 28.9 | 24.2 | 30.2 | 31.2 | 150.6 | 164.5 | 52.2 | 46.0 |
| EV/EBIT | 12.2 | 13.8 | 14.1 | 20.5 | 22.0 | 22.8 | 24.0 | 28.3 | 27.5 | 27.6 | 34.2 | 39.8 | 33.6 |
| Price/Book | 3.0 | 4.7 | 5.2 | 5.4 | 6.2 | 7.6 | 7.9 | 10.0 | 12.3 | 12.3 | 15.9 | 19.7 | 17.2 |
| Price/Sales | 1.3 | 1.7 | 1.8 | 2.1 | 2.4 | 2.9 | 3.6 | 4.8 | 5.2 | 4.9 | 6.0 | 7.9 | 7.5 |
| FCF Yield | 7.0% | 4.0% | 2.0% | 3.9% | 3.7% | 3.5% | 4.1% | 3.3% | 3.2% | 2.6% | 2.4% | 1.9% | 2.2% |
| Market Cap | 6.6B | 9.1B | 9.6B | 12.5B | 18.6B | 22.8B | 25.6B | 36.7B | 40.7B | 47.5B | 68.5B | 92.1B | 82.4B |
| Avg. Price | 11.66 | 16.20 | 19.73 | 25.70 | 34.94 | 45.56 | 58.59 | 77.98 | 95.86 | 103.85 | 138.39 | 197.69 | 205.91 |
| Year-End Price | 13.47 | 19.23 | 21.44 | 28.58 | 41.75 | 51.53 | 59.35 | 84.60 | 95.91 | 114.43 | 165.20 | 223.57 | 205.91 |
CINTAS CORP passes 6 of 9 quality checks, suggesting mixed fundamentals.
CINTAS CORP trades at 46.8x trailing earnings, compared to its 15-year median P/E of 31.1x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 48.3x vs a median of 29.5x. The company's 5-year average ROIC is 24.9% with a gross margin of 47.8%. Total shareholder yield (dividends + buybacks) is 2.3%. At current prices, the estimated annualized return to fair value is +12.6%.
CINTAS CORP (CTAS) has a net profit margin of 17.5%. This is a healthy margin.
CINTAS CORP (CTAS) generated $1.8 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CINTAS CORP (CTAS) has a debt-to-equity ratio of 0.52. This indicates moderate leverage.
CINTAS CORP (CTAS) reported earnings per share (EPS) of $4.40 in its most recent fiscal year.
CINTAS CORP (CTAS) has a return on equity (ROE) of 40.1%. This indicates the company generates strong returns for shareholders.
CINTAS CORP (CTAS) has a 5-year average gross margin of 47.8%. This indicates decent pricing power.
The Ledger Terminal provides 17 years of financial data for CINTAS CORP (CTAS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CINTAS CORP (CTAS) has a book value per share of $11.41, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects to continue targeting mid- to high-single-digit organic growth rates, with new business acquisition and cross-sell opportunities driving expansion in a favorable market environment. The company is investing in route leadership, management trainees, and technology infrastructure to support long-term growth, while maintaining disciplined capital allocation across dividends, share repurchases, and reinvestment in products and people. First Aid and Safety Services is expected to grow in the low double digits, while Uniform Direct Sale is anticipated to grow in the low single digits, reflecting confidence in the underlying business model and customer demand across diverse end-markets. Management remains focused on delivering exceptional customer experiences and navigating a dynamic sourcing and tariff environment through operational excellence and selective pricing strategies, with expectations for historical pricing levels and continued strong cash flow generation.
Based on recent SEC filings and earnings calls, CINTAS CORP (CTAS) has provided the following forward guidance: Revenue: $11.21–11.24 billion (FY2026); Adjusted diluted EPS: $4.86–4.90 (FY2026).
No recent press releases.