FirmAtlas
Company handbook · CTAS · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
CTAS · CIK 723254 · LATEST FILING: 10-Q AUG '26 · FILED OCT 7, 2026
Cintas Corporation
$213.69
+0.63 (+0.30%)
Close, Oct 16, 2026 · 52-week $161–219
Last fiscal year
Cintas Corporation reported revenue of $11.3B for the year ended May 31, 2026 (FY25), up 8.9% from FY24. Net income was $2.0B, operating cash flow $2.3B and free cash flow $1.9B. Source: 10-K filed Jul 29, 2026.
Market cap
$85.5B
P/E
41.5
EV/EBITDA
28.1x
P/B
16.4
Div yield
0.88%
ROIC
29.5%
Revenue 1Y
8.9%/yr
EPS 1Y
11.6%/yr
Shares 1Y
−0.7%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOTodd M. Schneider
HQCincinnati, OH
AuditorErnst & Young LLP
Year endsMay
Revenue by segment · FY25
Uniform Rentaland Facility Services77%
First Aidand Safety Services12%
Fire Protection Services8%
Uniform Direct Sales3%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
22.8%
15.5%
18.3%
15.9%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$4.4B deployed
Capex
$804M
18.3%
Acquisitions
$397M
9.0%
Dividends
$1.3B
29.8%
Buybacks
$1.9B
42.9%
Operating cash flow over the period: $4.4B. Total debt changed by +$3M.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY25 = year ended May 31, 2026 · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (4-for-1 split after FY22).
TTM = the last four quarters, to Aug '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
10,340
11,265+8.9%
11,561
YoY
+8.9%
Gross profit
5,174
5,708+10.3%
5,895
Gross margin
50.0%
50.7%+0.6 pp
—
Operating income
2,360
2,607+10.5%
2,701
Operating margin
22.8%
23.1%+0.3 pp
—
EBITDA
2,854
3,119+9.3%
—
EBITDA margin
27.6%
27.7%+0.1 pp
—
Interest expense
101
106+5.1%
—
Interest coverage
28.23x
29.35x+1.12x
—
Net income
1,812
2,000+10.4%
2,061
YoY
+10.4%
Net margin
17.5%
17.8%+0.2 pp
—
EPS (diluted, $)
4.40
4.91+11.6%
5.09
YoY
+11.6%
Balance sheet
Total assets
9,825
10,529+7.2%
10,653
Cash & short-term investments
264
289+9.5%
—
Accounts receivable
1,417
1,555+9.7%
—
Inventory
447
446−0.2%
—
Net PP&E
1,652
1,741+5.3%
—
Other assets
6,044
6,498+7.5%
—
Total liabilities
5,141
5,389+4.8%
5,448
Accounts payable
485
461−4.9%
—
Total debt
2,425
2,428+0.1%
2,429
Other liabilities
2,231
2,500+12.1%
—
Shareholders’ equity
4,684
5,140+9.7%
5,205
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
2,166
2,276+5.1%
2,434
Net income
1,812
2,000+10.4%
—
Depreciation & amortization
494
513+3.8%
—
Stock-based compensation
128
128−0.2%
—
Working capital & other
(269)
(365)n/m
—
Cash from investing
(624)
(568)n/m
—
Capex
(409)
(395)n/m
—
PP&E sold
24
0−100.0%
—
Acquisitions
(233)
(165)n/m
—
Investments bought
(7)
(8)n/m
—
Other investing
1
(0.5)−138.2%
—
Cash from financing
(1,619)
(1,682)n/m
—
Debt raised
398
0−100.0%
—
Debt repaid
(450)
0n/m
—
Dividends
(612)
(701)n/m
—
Buybacks
(935)
(952)n/m
—
Shares issued
0.9
4+322.2%
—
Other financing
(22)
(32)n/m
—
Net change in cash
(78)
25n/m
—
Free cash flow (OCF − capex)
1,757
1,881+7.1%
2,033
Where the cash went
Operating cash flow
2,166
2,276+5.1%
2,434
Reinvested in the business
642
560−12.8%
—
% of operating cash flow
29.6%
24.6%
Capex
409
395−3.4%
401
Acquisitions
233
165−29.3%
—
Free cash flow
1,757
1,881+7.1%
2,033
YoY
+7.1%
Returned to shareholders
1,546
1,654+6.9%
—
% of free cash flow
88.0%
87.9%
Dividends
612
701+14.7%
—
Buybacks
935
952+1.9%
—
Change in total debt
—
3
—
Cash left over
—
66
—
FCF conversion (FCF ÷ net income)
97.0%
94.1%−2.9 pp
—
Owner earnings
—
1,957
—
Owner earnings margin
—
17.4%
—
Buyback yield
1.0%
1.4%+0.4 pp
—
Returns & ratios
ROIC (all capital)
27.6%
29.5%+1.9 pp
—
ROIC (operating)
62.3%
65.9%+3.6 pp
—
Net debt / EBITDA
0.76x
0.69x−0.07x
—
Debt / equity
0.52x
0.47x−0.05x
—
Cash conversion cycle (days)
47
49+2 d
—
ROE
38.7%
38.9%+0.2 pp
—
ROA
18.4%
19.0%+0.5 pp
—
ROCE
28.8%
33.2%+4.4 pp
—
NOPAT
1,889
2,081+10.2%
—
Invested capital (operating)
3,032
3,281+8.2%
—
Invested capital (all)
6,846
7,279+6.3%
—
Reinvestment rate
—
12.0%
—
Debtor days
50
50+0 d
—
Inventory days
32
29−2 d
—
Days payable
34
30−4 d
—
Income
Nov '25
Feb '26
May '26
Aug '26
Revenue
2,800
2,841
2,905
3,014
vs year-ago quarter
Gross profit
1,412
1,448
1,480
1,554
Gross margin
50.4%
51.0%
51.0%
51.5%
Operating income
656
660
673
712
Net income
495
502
511
552
vs year-ago quarter
Net margin
17.7%
17.7%
17.6%
18.3%
EPS (diluted, $)
1.21
1.24
1.28
1.36
vs year-ago quarter
Balance sheet
Nov '25
Feb '26
May '26
Aug '26
Total assets
10,133
10,234
10,529
10,653
Cash & equivalents
201
183
289
244
Total debt
2,977
2,657
2,428
2,429
Shareholders’ equity
4,455
4,788
5,140
5,205
Cash flow
Nov '25
Feb '26
May '26
Aug '26
Operating cash flow
531
621
709
572
Capex
106
91
96
108
Free cash flow
425
531
613
465
vs year-ago quarter