Cintas Corporation (CTAS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$1.19	$1.21	+1.7%	—	—	—
Q2 26	$1.19	$1.2	+0.8%	—	—	—
Q1 26	$1.07	$1.09	+1.9%	—	—	—
Q4 25	$1.05	$1.13	+7.6%	—	—	—
Q3 25	$1.01	$1.09	+7.9%	—	—	—
Q2 25	$1	$1.1	+10.0%	—	—	—
Q1 25	$0.95	$1	+5.3%	—	—	—
Q4 24	$0.9	$0.96	+6.7%	—	—	—
Q3 24	$0.87	$0.9	+3.4%	—	—	—
Q2 24	$0.92	$0.93	+1.1%	—	—	—
Q1 24	$0.8	$0.83	+3.7%	—	—	—
Q4 23	$0.76	$0.79	+3.9%	—	—	—
Q3 23	$0.76	$0.78	+2.6%	—	—	—
Q2 23	$0.79	$0.85	+7.6%	—	—	—
Q1 23	$0.67	$0.7	+4.5%	—	—	—
Q4 22	$0.61	$0.74	+21.3%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$4.97	—	—	$11.3B	—
FY25	—	$4.48	—	—	$10.3B	—
FY24	—	$3.85	—	—	$9.6B	—
FY23	—	$3.3	—	—	$8.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$5.3B	$6.5B	$6.9B	$7.1B	$7.1B	$7.9B	$8.8B	$9.6B	$10.3B	$11.3B
YoY change	+11%	+21.7%	+6.42%	+2.8%	+0.44%	+10.4%	+12.2%	+8.86%	+7.75%	+8.94%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	5.3B	6.5B	6.9B	7.1B	7.1B	7.9B	8.8B	9.6B	10.3B	11.3B
Cost of revenue	2.9B	3.6B	3.8B	3.9B	3.8B	4.2B	4.6B	4.9B	5.2B	5.6B
Gross profit	2.4B	2.9B	3.1B	3.2B	3.3B	3.6B	4.2B	4.7B	5.2B	5.7B
Gross margin	44.7%	44.9%	45.4%	45.6%	46.6%	46.2%	47.3%	48.8%	50%	50.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.5B	1.9B	2B	2.1B	1.9B	2B	2.4B	2.6B	2.8B	3.1B
Operating expenses	1.5B	1.9B	2B	2.1B	1.9B	2B	2.4B	2.6B	2.8B	3.1B
Operating income	852.9M	991.7M	1.1B	1.2B	1.4B	1.6B	1.8B	2.1B	2.4B	2.6B
Operating margin	16%	15.3%	16.7%	16.4%	19.5%	20.2%	20.4%	21.6%	22.8%	23.3%
Non-operating income, net	-79.2M	-41.9M	55M	—	—	—	—	—	—	-15.1M
Pretax income	687.4M	841M	1.1B	1.1B	1.3B	1.5B	1.7B	2B	2.3B	2.5B
Income tax	230.1M	57.1M	219.8M	181.9M	176.8M	263M	345.1M	402M	451.9M	505.4M
Net income	480.7M	842.6M	885M	876M	1.1B	1.2B	1.3B	1.6B	1.8B	2B
Net margin	9.03%	13%	12.8%	12.4%	15.6%	15.7%	15.3%	16.4%	17.5%	17.8%
EBITDA	1B	1.3B	1.5B	1.5B	1.8B	2B	2.2B	2.5B	2.9B	3.1B
EPS	1.12	1.95	2.06	2.09	2.63	2.98	3.3	3.85	4.48	4.97
Diluted EPS	1.09	1.89	2	2.03	2.56	2.91	3.25	3.79	4.4	4.91

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	2.3B	2.4B	2.4B	2.5B	2.5B	2.6B	2.6B	2.7B	2.7B	2.8B	2.8B	2.9B
Cost of revenue	1.2B	1.2B	1.2B	1.3B	1.2B	1.3B	1.3B	1.3B	1.4B	1.4B	1.4B	1.4B
Gross profit	1.1B	1.1B	1.2B	1.2B	1.3B	1.3B	1.3B	1.3B	1.4B	1.4B	1.4B	1.5B
Gross margin	48.7%	48%	49.4%	49.2%	50.1%	49.8%	50.6%	49.7%	50.3%	50.4%	51%	51%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	641M	641.9M	667M	667.9M	691.1M	685.3M	709.5M	728.5M	748.7M	756.8M	788.6M	792.1M
Operating expenses	641M	641.9M	667M	667.9M	691.1M	685.3M	709.5M	728.5M	748.7M	756.8M	788.6M	792.1M
Operating income	500.6M	499.7M	520.8M	547.6M	561M	591.4M	609.9M	597.5M	617.9M	655.7M	659.9M	688.2M
Operating margin	21.4%	21%	21.6%	22.2%	22.4%	23.1%	23.4%	22.4%	22.7%	23.4%	23.2%	23.7%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	476.4M	473.9M	496.2M	527.1M	536.7M	565.7M	586.4M	575.4M	595.9M	628.5M	632.5M	648.4M
Income tax	91.3M	99.2M	98.6M	112.8M	84.6M	117.2M	122.9M	127.2M	104.8M	133.2M	130M	137.4M
Net income	385.1M	374.6M	397.6M	414.3M	452M	448.5M	463.5M	448.3M	491.1M	495.3M	502.5M	511M
Net margin	16.4%	15.8%	16.5%	16.8%	18.1%	17.5%	17.8%	16.8%	18.1%	17.7%	17.7%	17.6%
EBITDA	607.8M	609.7M	633.1M	666.1M	677.5M	717.2M	741.3M	721.4M	746M	784.1M	789.4M	805M
EPS	0.94	0.92	0.97	1.01	1.12	1.11	1.14	1.11	1.21	1.23	1.25	1.27
Diluted EPS	0.93	0.9	0.96	1	1.1	1.09	1.13	1.09	1.2	1.21	1.24	1.26

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	13.2B	19.4B	23.5B	25.7B	37.1B	41.1B	48B	68.9B	91.4B	68.7B	80.1B
Enterprise value	16.2B	21.8B	26.3B	28.3B	39.3B	44B	50.5B	71.2B	93.8B	71.1B	82.3B
Shares outstanding	419.9M	426.4M	424.3M	415.3M	419.5M	412.7M	406.6M	406.6M	403.5M	401.3M	401.3M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	27.5	23.1	26.6	29.4	33.4	33.3	35.6	43.9	50.4	34.4	39.4
P/S	2.48	3	3.41	3.63	5.21	5.23	5.44	7.18	8.84	6.1	6.91
P/B	5.74	6.44	7.84	7.96	10.1	12.4	12.4	16	19.5	13.4	15.6
EV/EBITDA	15.4	17.1	17.4	18.3	22.2	22.1	22.8	28.3	32.8	22.7	26.5
EV/Sales	3.03	3.37	3.81	3.99	5.52	5.6	5.73	7.42	9.07	6.32	7.12
Earnings yield	3.64%	4.34%	3.76%	3.4%	3%	3.01%	2.81%	2.28%	1.98%	2.91%	2.54%
FCF yield	3.71%	3.56%	3.36%	4.12%	3.28%	3.16%	2.64%	2.42%	1.92%	2.74%	2.03%
PEG	—	—	—	—	—	—	—	—	—	—	2.73

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	44.7%	44.9%	45.4%	45.6%	46.6%	46.2%	47.3%	48.8%	50%	50.7%	51%
Operating margin	16%	15.3%	16.7%	16.4%	19.5%	20.2%	20.4%	21.6%	22.8%	23.3%	24.1%
Net margin	9.03%	13%	12.8%	12.4%	15.6%	15.7%	15.3%	16.4%	17.5%	17.8%	17.8%
ROE	20.9%	27.9%	29.5%	27.1%	30.1%	37.4%	34.9%	36.4%	38.7%	38.9%	41.4%
ROA	7.02%	12.1%	11.9%	11.4%	13.5%	15.2%	15.8%	17.1%	18.4%	19%	16.7%
ROIC	10.8%	17.1%	16%	16.6%	20.2%	21.2%	22.4%	24.8%	26.7%	27.7%	27.7%
Return on tangible assets	1.3K%	883.9%	116%	85.3%	69.7%	96.7%	77.4%	74.8%	75.4%	69.8%	69.8%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.73	2.55	1.98	2.61	1.47	1.84	2.39	1.74	2.09	1.43	1.45
Quick ratio	0.92	1.28	0.99	1.28	0.8	0.87	1.15	0.95	1.13	0.79	0.79
Debt / equity	1.36	0.84	0.95	0.84	0.74	0.9	0.69	0.62	0.57	0.53	0.52
Debt / assets	0.46	0.36	0.38	0.35	0.33	0.36	0.31	0.29	0.27	0.26	0.26
Net debt / EBITDA	2.8	1.88	1.82	1.66	1.25	1.45	1.15	0.92	0.84	0.77	0.77
Interest coverage	8.94	8.63	11.8	11	14.1	17.9	16.2	20.6	23.4	24.6	24.6
Effective tax rate	33.5%	6.79%	19.9%	17.2%	13.7%	17.5%	20.4%	20.4%	20%	20.2%	20.2%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	12.7	15.2	16.2	17.1	17	19	21.7	23.6	25.6	28.1	28.9
EPS (basic)	1.12	1.95	2.06	2.09	2.63	2.98	3.3	3.85	4.48	4.97	4.97
EPS (diluted)	1.09	1.89	2	2.03	2.56	2.91	3.25	3.79	4.4	4.91	5.08
Book value per share	5.48	7.07	7.08	7.79	8.79	8.02	9.5	10.6	11.6	12.8	12.8
FCF per share	1.17	1.62	1.86	2.56	2.9	3.14	3.12	4.11	4.35	4.69	4.65
Cash per share	0.46	0.33	0.23	0.35	1.18	0.22	0.31	0.84	0.65	0.72	0.61
Capex per share	—	—	—	—	—	—	—	—	0.06	0.98	0.98

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	—	—	—	—	—	—	—	—	0.23%	3.51%	3.51%
Capex / operating cash flow	—	—	—	—	—	—	—	—	1.06%	17.4%	17.4%
Payout ratio	29.6%	20.8%	24.9%	30.6%	40.6%	30.4%	33.4%	33.8%	33.7%	35.1%	36.9%
Dividend yield	1.08%	0.9%	0.94%	1.04%	1.22%	0.91%	0.94%	0.77%	0.67%	1.02%	1.04%

Yield

1.04%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.52

ex-dividend Aug 14, 2026

Payout ratio

37%

of earnings

Dividend growth

4 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$0.52
May 15, 2026	$0.45
Feb 13, 2026	$0.45
Nov 14, 2025	$0.45
Aug 15, 2025	$0.45
May 15, 2025	$0.39

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	$2.3B	$2.4B	$2.4B	$2.5B	$2.5B	$2.6B	$2.6B	$2.7B	$2.7B	$2.8B	$2.8B	$2.9B
YoY change	+8.12%	+9.3%	+9.87%	+8.16%	+6.8%	+7.77%	+8.44%	+7.96%	+8.66%	+9.3%	+8.9%	+8.9%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	191.5M	138.7M	96.6M	145.4M	493.6M	90.5M	124.1M	342M	264M	289M
Receivables	736M	804.6M	910.1M	870.4M	901.7M	1B	1.2B	1.2B	1.4B	1.6B
Inventory	913.9M	982.6M	1.1B	1.2B	1.3B	1.4B	1.5B	1.5B	1.6B	1.7B
Total current assets	2B	2B	2.2B	2.3B	2.8B	2.6B	2.9B	3.2B	3.4B	3.9B
Property, plant & equipment	2.6B	2.8B	3B	3.2B	788.9M	794.2M	860.6M	977.5M	1.1B	1.2B
Goodwill & intangibles	6.8B	6.9B	6.7B	6.6B	6.6B	6.9B	6.8B	7.1B	7.4B	7.7B
Total assets	6.8B	7B	7.4B	7.7B	8.2B	8.1B	8.5B	9.2B	9.8B	10.5B
Accounts payable	177.1M	215.1M	226M	231M	230.8M	251.5M	302.3M	339.2M	485.1M	461.2M
Short-term debt	362.9M	—	312.3M	43M	942.9M	355.4M	43.7M	495.3M	50.7M	1.1B
Total current liabilities	1.1B	775.9M	1.1B	885.2M	1.9B	1.4B	1.2B	1.8B	1.6B	2.7B
Long-term debt	2.8B	2.5B	2.5B	2.7B	1.8B	2.6B	2.6B	2.2B	2.6B	1.7B
Total liabilities	4.5B	3.9B	4.4B	4.4B	4.5B	4.8B	4.7B	4.9B	5.1B	5.4B
Shareholders' equity	2.3B	3B	3B	3.2B	3.7B	3.3B	3.9B	4.3B	4.7B	5.1B
Total debt	3.1B	2.5B	2.8B	2.7B	2.7B	3B	2.7B	2.7B	2.7B	2.7B
Net debt	3B	2.4B	2.8B	2.6B	2.2B	2.9B	2.5B	2.3B	2.4B	2.4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	88.1M	85.6M	128.5M	342M	101.4M	122.4M	243.4M	264M	138.1M	200.8M	183.2M	289M
Receivables	1.2B	1.3B	1.3B	1.2B	1.3B	1.4B	1.4B	1.4B	1.4B	1.5B	1.5B	1.6B
Inventory	1.5B	1.5B	1.5B	1.5B	1.5B	1.5B	1.5B	1.6B	1.6B	1.7B	1.7B	1.7B
Total current assets	3B	3B	3B	3.2B	3B	3.2B	3.3B	3.4B	3.4B	3.5B	3.6B	3.9B
Property, plant & equipment	1.6B	1.6B	1.7B	977.5M	1.7B	1.8B	1.8B	1.1B	1.9B	2B	2B	1.2B
Goodwill & intangibles	6.9B	6.9B	7.1B	7.1B	7.1B	7.3B	7.3B	7.4B	7.4B	7.6B	7.6B	7.7B
Total assets	8.7B	8.8B	9B	9.2B	9.1B	9.4B	9.6B	9.8B	9.8B	10.1B	10.2B	10.5B
Accounts payable	314.7M	316.7M	307.9M	339.2M	395.9M	418.3M	408.5M	485.1M	462.3M	503.3M	481M	461.2M
Short-term debt	43.8M	254.1M	44.4M	495.3M	662.2M	677.7M	498.7M	50.7M	51.7M	603.5M	283.6M	1.1B
Total current liabilities	1.2B	1.4B	1.3B	1.8B	2B	2B	1.9B	1.6B	1.5B	2.1B	1.8B	2.7B
Long-term debt	2.6B	2.6B	2.6B	2.2B	2.2B	2.2B	2.2B	2.6B	2.6B	2.6B	2.6B	1.7B
Total liabilities	4.6B	4.8B	4.7B	4.9B	5B	5.1B	5B	5.1B	5.1B	5.7B	5.4B	5.4B
Shareholders' equity	4.1B	4B	4.2B	4.3B	4B	4.3B	4.6B	4.7B	4.8B	4.5B	4.8B	5.1B
Total debt	2.7B	2.9B	2.7B	2.7B	2.8B	2.8B	2.7B	2.7B	2.7B	3.2B	2.9B	2.7B
Net debt	2.6B	2.8B	2.5B	2.3B	2.7B	2.7B	2.4B	2.4B	2.5B	3B	2.7B	2.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	480.7M	842.6M	885M	876M	1.1B	1.2B	1.3B	1.6B	1.8B	2B
Depreciation & amortization	196.6M	279.4M	360.1M	379.1M	388M	399.7M	409.2M	442.4M	494.2M	512.8M
Stock-based compensation	88.9M	112.8M	139.2M	115.4M	112M	109.3M	103.6M	117M	128.3M	128.1M
Change in working capital	-105M	-81.9M	-205.7M	14.8M	-195.5M	-175.5M	-198.1M	18.4M	-157.8M	-255.5M
Operating cash flow	713.6M	1B	1.2B	1.4B	1.4B	1.6B	1.7B	2.1B	2.3B	2.3B
Capital expenditure	—	—	—	—	—	—	—	—	24M	-395.1M
Investing cash flow	-2B	136M	41.1M	-55.1M	6.3M	-162M	-57.6M	-199.2M	-214.8M	-568.4M
Dividends paid	-142.4M	-175.6M	-220.8M	-268M	-451.3M	-375.1M	-449.9M	-530.9M	-611.6M	-701.5M
Share repurchases	-20.7M	-127.3M	-1B	-464.5M	-554.1M	-1.5B	-398.9M	-700M	-934.8M	-952.1M
Financing cash flow	1.5B	-906M	-938.7M	-1B	-1B	-1.7B	-1.2B	-1.3B	-1.6B	-1.7B
Net change in cash	223.2M	263.6M	312.7M	268.2M	369.7M	-196.3M	452.5M	666.5M	436.6M	22M
Free cash flow	490.6M	692.5M	791.1M	1.1B	1.2B	1.3B	1.3B	1.7B	1.8B	1.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	385.1M	374.6M	397.6M	414.3M	452M	448.5M	463.5M	448.3M	491.1M	495.3M	502.5M	511M
Depreciation & amortization	106.8M	109.2M	111.4M	114.9M	115.2M	124.9M	130.1M	121.9M	125.9M	127.5M	128.7M	130.7M
Stock-based compensation	30.2M	22.9M	31.3M	32.5M	33.4M	32.4M	31.8M	30.7M	30.3M	32.4M	34.2M	31.1M
Change in working capital	-154.7M	-26.9M	-14.2M	74.9M	-1.3M	-82.4M	-60.9M	-3.2M	-63.3M	-63.2M	-101M	-27.4M
Operating cash flow	366M	474.1M	511.8M	629.1M	601.2M	525.2M	553.5M	599.1M	414.5M	531.2M	621.5M	709.1M
Capital expenditure	—	—	—	—	—	—	18.1M	0	-102M	-106.3M	-90.9M	-96M
Investing cash flow	-63.1M	-18.5M	-114.1M	-3.4M	-21.4M	-144M	-25.4M	-34.6M	-116.2M	-192.9M	-101.1M	-158.3M
Dividends paid	-117.6M	-138.3M	-137.5M	-137.6M	-138.2M	-157.3M	-158.1M	-157.9M	-157.8M	-182.3M	-180.7M	-180.6M
Share repurchases	-73.3M	-349.9M	-45M	-231.9M	-614.8M	-36.7M	-26.6M	-256.7M	-266.1M	-635.6M	-31.6M	-18.9M
Financing cash flow	-202.9M	-283.9M	-394M	-374.1M	-593M	-186M	-195.8M	-866.7M	-426.7M	-275.4M	-540M	-214.3M
Net change in cash	100M	171.7M	3.7M	251.6M	-13.2M	195.2M	332.2M	-302.2M	-128.4M	62.9M	-19.6M	336.6M
Free cash flow	230.2M	298.9M	550.1M	591.1M	373.8M	346.4M	525.1M	521.1M	312.5M	425M	530.6M	613.1M

Date	Ratio
Sep 12, 2024	4:1
Mar 8, 2000	3:2
Nov 19, 1997	2:1
Apr 3, 1992	2:1
Apr 3, 1991	3:2
Apr 3, 1987	2:1

Cintas Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history