Cintas (CTAS)
Industrials · $78.6B market cap · SEC CIK 0000723254
fundamentals score out of 100
Next reports on Mar 23, 2027, with analysts expecting $1.38 in earnings per share.
The case for CTAS
- Earns 42% back on shareholder equity.
- Generated $1.9B of free cash flow in FY2025, 17% of revenue.
- Revenue growing 8.9% year over year.
The case against
- Pricey at 39.3× earnings, against a long-run market average nearer 20×.
- Priced at 7.0× sales with revenue growing only 8.9%.
- Long-term debt of $2.4B against $201M of cash.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Industrials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 24 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 65 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 84 |
| Momentumhow the price has behaved lately | 62 |
| Stabilityhow violently it moves, what it owes and what it pays you | 79 |
- Each factor except momentum is half fixed thresholds, half rank among the 79 Industrials companies.
Key numbers
| Price / earnings | 39.3× |
|---|---|
| Price / book | 13.46× |
| Price / sales | 7.0× |
| Revenue growth (YoY) | +8.9% |
| EPS growth (YoY) | +11.5% |
| Gross margin | 51% |
| Operating margin | 23% |
| Net margin | 18% |
| Return on equity | 42% |
| Debt / equity | 0.47× |
| Current ratio | 1.43 |
| Dividend yield | 0.97% |
| Beta | 0.89 |
| 52-week range | $161.16 – $219.17 |
| Position in that range | 65% of the way up |
| 3-month return | +15.2% |
| 1-year return | -1.6% |
Five years of financials, as filed
Pulled from Cintas's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $11.3B | $10.3B | $9.6B | $8.8B | $7.9B |
| Gross profit | $5.7B | $5.2B | $4.7B | $4.2B | $3.6B |
| Operating income | $2.6B | $2.4B | $2.1B | $1.8B | $1.6B |
| Net income | $2.0B | $1.8B | $1.6B | $1.3B | $1.2B |
| Operating cash flow | $2.3B | $2.2B | $2.1B | $1.6B | $1.5B |
| Capital expenditure | $395M | $409M | $409M | $331M | $241M |
| Total assets | $10.1B | $9.4B | $8.8B | $8.4B | $8.0B |
| Shareholder equity | $4.5B | $4.3B | $4.0B | $3.4B | $3.6B |
| Cash | $201M | $122M | $85.6M | $89.8M | $113M |
| Long-term debt | $2.4B | $2.0B | $2.5B | $2.5B | $1.3B |
| Free cash flow | $1.9B | $1.8B | $1.7B | $1.3B | $1.3B |
| Gross margin | 50.7% | 50.0% | 48.8% | 47.3% | 46.2% |
| Operating margin | 23.1% | 22.8% | 21.6% | 20.4% | 20.2% |
| Net margin | 17.8% | 17.5% | 16.4% | 15.3% | 15.7% |
| Diluted shares | 406M | 410M | 413M | 414M | 422M |
Share count is down 3.8% over 4 years. Buybacks have been shrinking the pie. Counts are restated for stock splits so the years compare.
What Cintas says it does
Overview Cintas Corporation (Cintas, Company, we, us or our), a Washington corporation, helps more than one million businesses of all types and sizes, primarily in the United States (U.S.), as well as Canada and Latin America, get READY™ to open their doors with confidence every day by providing a wide range of products and services that enhance our customers’ image and help keep their facilities and employees clean, safe and looking their best. With products and services including uniforms, mats, mops, shop towels, restroom supplies, workplace water services, first aid and safety products, automated external defibrillators (AEDs), eye-wash stations, safety training, fire extinguishers, sprinkler systems and alarm testing, Cintas helps customers get Ready for the Workday ® . Cintas was founded in 1968 by Richard T. Farmer when he left his family's industrial laundry business in order to develop uniform programs using an…
Risk factors CTAS lists in its 10-K
- Fiscal 2026 Compared to Fiscal 2025
- Uniform Rental and Facility Services Reportable Operating Segment
- First Aid and Safety Services Reportable Operating Segment
- Financial and Nonfinancial Disclosure About Issuers and Guarantors of Cintas’ Senior Notes
- Basis of Preparation of the Summarized Financial Information
- Summarized Consolidated Statements of Income
- Summarized Consolidated Balance Sheets
- Contractual and Other Material Cash Obligations
- Improvements to Income Tax Disclosures
- Disaggregation of Income Statement Expenses
- Targeted Improvements to the Accounting for Internal-Use Software
- Critical Accounting Policies and Estimates
- Uniforms and other rental items in service
- Audited Consolidated Financial Statements for the Fiscal Years Ended May 31, 2026, 2025 and 2024