Pricing Log in Create free account
Thursday 5 November 2026 Export CTAS’s income statement to Excel — free account

Cintas Corporation

CTAS Industrials Specialty Business Services

Cintas Corporation’s revenue for fiscal 2026 (year ended May 2026) was $11.3 billion, up 8.94% from fiscal 2025.

Revenue
+10.9%
EPS
+12.5%
Free cash flow
+48.7%
Total debt
+0.13%

Quarter to August 2026, against a year earlier

229.07 5.33 +2.38%
Market cap
$88.8B
P/E
43.7×
Fwd P/E
39.9×
Dividend yield
1.07%
F-score
8/9
Altman Z
11.41
Beneish M
−2.52
Dividend safety
85/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by products and services Fiscal 2026

  • Uniform Rental and Facility Services
  • Other

Every year since 2010 →

Insider Decisions last twelve months

Sold, $m 3.56
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — 1 — — 2 — — — —
Insider Ownership 15.05%

Capital & Financial Ratios $m

Size
Market Cap 88,840.00
Revenue ttm 11,560.62
Net income ttm 2,060.54
Free cash flow ttm 2,033.45
Net debt Q 2,185.25
Valuation
P/E 43.73 (above 35: high)
Forward P/E 39.90 (above 35: high)
Price / sales 7.75
Forward P/S Powerpack
Price / FCF 44.06
Price / book 17.21 (above 6: high)
Financial health
Current ratio Q 1.45
Debt / equity Q 0.47 (at or below 0.5: strong)
Interest coverage Q 28.81
Growth
Revenue growth Q +10.88% (above 0%: growing)
Operating income growth Q +15.22% (above 0%: growing)
EPS, this year +12.26%
EPS, next year A +11.38%
Revenue, next year A +8.71%
EPS, past 5 yrs +13.91%
EPS, next 5 yrs A +11.79%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 7.9×, against a ten-year median of 5.5×; over the ten years it ranged from 2.1× in 2016 to 9.6× in 2024.
P/E against its own 10 years 85.76%
10-year low 10-year high
P/S against its own 10 years 90.09%
10-year low 10-year high
P/B against its own 10 years 88.51%
10-year low 10-year high
EV/Sales against its own 10 years 89.69%
10-year low 10-year high
EV/FCF against its own 10 years 76.66%
10-year low 10-year high

Dividends raised 5 years running

Yield
1.07%
Annual rate
2.39
Payout ratio
47.1%
Growth, 2018–26
+18.1%/yr
  1. 0.51 ’18
  2. 0.64 ’19 +24
  3. 0.88 ’20 +38
  4. 0.85 ’21 −3
  5. 1.05 ’22 +24
  6. 1.25 ’23 +19
  7. 1.46 ’24 +16
  8. 1.68 ’25 +15
  9. 1.94 ’26 +15
paid change on the year, % Powerpack

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 342 264 289 244
Receivables 1,244 1,417 1,555 1,588
Inventory 410 447 446 433
Other 1,040 1,137 1,276 1,310
3,185 3,436 3,853 3,932
2024 2025 2026 Q'26
Payables 339 485 461 507
ST’ Debt 450 — 999 999
Other — — — —
1,829 1,645 2,687 2,705

Compound Annual Growth %

10y 5y 3y
Sales 8.91% 9.62% 8.51%
Cash Flow 17.19% 10.84% 12.79%
Earnings 11.14% 12.56% 14.09%
Book Value 10.80% 6.87% 9.98%

Earnings Trends EPS, adjusted, against the consensus

Q1 FY27 Estimate 1.35 Actual 1.39

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY26 1.19 1.21 Beat by 0.02
Q3 FY26 1.23 1.24 Beat by 0.01
Q4 FY26 1.24 1.29 Beat by 0.05
Q1 FY27 1.35 1.39 Beat by 0.04
Q2 FY27 1.36 — Reports 17 December 2026

EPS $

Aug Nov Feb May Year
’26 1.36 — — — —
’26 1.20 1.21 1.24 1.26 4.91
’25 1.10 1.09 1.13 1.09 4.40
’24 0.93 0.90 0.96 1.00 3.79
’23 0.85 0.78 0.79 0.83 3.25
’22 0.78 0.69 0.74 0.70 2.91
’21 0.70 0.66 0.59 0.62 2.56
Fiscal quarters ending in the months shown.

Revenue $m

Aug Nov Feb May Year
’26 3,014 — — — —
’26 2,718 2,800 2,841 2,905 11,265
’25 2,502 2,562 2,609 2,668 10,340
’24 2,342 2,377 2,406 2,471 9,597
’23 2,166 2,175 2,190 2,284 8,816
’22 1,897 1,922 1,961 2,075 7,854
’21 1,747 1,757 1,777 1,836 7,116
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Aug Nov Feb May Year
’26 572 — — — —
’26 414 531 621 709 2,276
’25 460 445 620 640 2,166
’24 337 393 657 682 2,069
’23 298 321 425 542 1,586
’22 262 332 393 551 1,538
’21 312 261 332 456 1,361
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Aug Nov Feb May Year
’26 465 — — — —
’26 313 425 531 613 1,881
’25 367 349 539 526 1,781
’24 230 299 550 580 1,659
’23 228 245 347 435 1,255
’22 228 257 351 476 1,312
’21 281 234 322 412 1,249
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 17.5% a year for ten years. It grew 23.4% a year over the last ten.

Implied
17.5%
10 years, reported
23.4%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to May

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Aug ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 5,323 6,477 6,892 7,085 7,116 7,854 8,816 9,597 10,340 11,265 11,561 +8.7% 12,246 13,167 14,140 +7.9%
Gross margin, % 44.71 44.91 45.39 45.64 46.58 46.24 47.34 48.83 50.04 50.67 50.99 +6.0 pt
EBT 687 841 1,102 1,058 1,288 1,499 1,693 1,974 2,264 2,505 2,599 +15.5%
EBT margin, % 12.91 12.99 15.99 14.94 18.10 19.08 19.21 20.57 21.90 22.24 22.48 +9.3 pt
Net income 481 843 885 876 1,111 1,236 1,348 1,572 1,812 2,000 2,061 +17.2%
Per share, $
Per share, $ Revenue 12.68 15.19 16.24 17.06 16.96 19.03 21.68 23.60 25.62 28.07 28.89 +9.2%
Earnings 1.12 1.95 2.06 2.09 2.63 2.98 3.30 3.85 4.48 4.97 5.12 +18.0%
Cash flow 1.82 2.26 2.52 3.11 3.24 3.73 3.90 5.09 5.37 5.67 6.08 +13.5%
Capex (0.65) (0.64) (0.64) (0.52) (0.27) (0.55) (0.81) (1.01) (0.95) (0.98) (1.00) +4.7%
Free cash flow 1.17 1.62 1.87 2.59 2.98 3.18 3.09 4.08 4.41 4.69 5.08 +16.7%
Book value 5.48 7.07 7.08 7.79 8.79 8.02 9.50 10.62 11.61 12.81 13.01 +9.9%
Shares, m 420 426 424 415 419 413 407 407 404 401 401 (0.5%)
Valuation, ×
Valuation, × P/E 28.04 23.42 26.89 30.02 33.56 33.39 35.74 44.05 50.60 34.80 43.73 34.1
P/S 2.48 3.00 3.41 3.68 5.20 5.23 5.44 7.18 8.85 6.16 7.75 5.1
P/B 5.74 6.44 7.84 8.05 10.04 12.42 12.42 15.97 19.53 13.50 17.21 11.2
EV/Sales 3.03 3.40 3.81 4.02 5.49 5.58 5.72 7.40 9.10 6.35 7.94 5.4
EV/FCF 32.93 31.78 33.09 26.52 31.28 33.38 40.15 42.83 52.83 38.02 45.13 36.3
Cash, $m
Cash, $m Operating cash flow 764 964 1,068 1,291 1,361 1,538 1,586 2,069 2,166 2,276 2,434 +12.9%
Capex (273) (272) (274) (217) (112) (225) (331) (409) (385) (395) (401) +4.2%
Free cash flow 491 692 794 1,074 1,249 1,312 1,255 1,659 1,781 1,881 2,033 +16.1%
Balance, $m
Balance, $m Working capital 824 1,202 1,109 1,425 909 1,199 1,708 1,357 1,792 1,166 1,227 +3.9%
Net debt 2,942 2,397 2,753 2,437 2,048 2,705 2,406 2,134 2,161 2,139 2,185 (3.5%)
Shareholders’ equity 2,303 3,017 3,003 3,235 3,688 3,308 3,864 4,316 4,684 5,140 5,205 +9.3%
Returns, %
Returns, % ROA 8.79 12.21 12.30 11.60 13.87 15.01 16.08 17.68 19.02 19.59 20.05 +10.8 pt
ROIC 9.22 10.97 12.31 12.81 15.10 16.50 17.97 20.05 21.54 22.38 22.84 +13.2 pt
ROE 23.19 31.68 29.41 28.09 31.87 35.15 37.44 38.28 40.13 40.59 41.25 +17.4 pt
People
People Employees 42,000 41,000 45,000 40,000 40,000 43,000 44,500 46,500 48,300 48,100 — +1.5%
Revenue/emp, $m 0.13 0.16 0.15 0.18 0.18 0.18 0.20 0.21 0.21 0.23 — +7.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to May 2026 · latest quarter Aug 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Cintas Corporation is a Cincinnati-based business-services company founded in 1968. Todd M. Schneider is its chief executive officer. [record; call_prepared]

Cintas supplies and services the items businesses use to present employees, maintain facilities, and address workplace safety. Its offerings include uniform rental and direct uniform sales; mats, mops and shop towels; restroom supplies and cleaning services; workplace water; first-aid products and safety training; automated external defibrillators and eye-wash stations; and fire extinguishers, sprinkler systems and alarm testing. [item1]

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by products and services, and margins
Uniform Rental and Facility Services 8,622 76.54%
Other 2,643 23.46%
Gross margin 50.67%
Operating margin 23.14%
Pre-tax margin 22.24%

Revenue by segment since 2010

Cintas Corporation vs peers in Specialty Business Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CTAS Cintas Corporation $88.8B 43.7× 39.9× +10.88% (above 0%: growing) +12.50% (above 0%: growing) +48.72% (above 0%: growing) 51.54% 23.62%
RELX RELX PLC $68.4B 18.0× — +20.81% (above 0%: growing) +23.32% (above 0%: growing) +20.95% (above 0%: growing) 61.32% 0.00% Compare
CPRT Copart, Inc. $28.8B 19.9× 18.7× +2.43% (above 0%: growing) −14.63% (below 0%: shrinking) −26.98% (below 0%: shrinking) 41.78% 32.01% Compare
ULS UL Solutions Inc. $16.2B 31.5× 26.9× +5.11% (above 0%: growing) +6.00% (above 0%: growing) +41.28% (above 0%: growing) 0.00% 19.68% Compare
ARMK Aramark $14.4B 37.4× 29.8× +9.33% (above 0%: growing) +37.04% (above 0%: growing) +125.89% (above 0%: growing) 8.51% 4.26% Compare
RTO Rentokil Initial PLC $11.9B 69.1× 27.4× +66.96% (above 0%: growing) +6.36% (above 0%: growing) +7.92% (above 0%: growing) 13.59% 0.00% Compare
DLB Dolby Laboratories $5.9B 26.7× 20.0× −3.34% (below 0%: shrinking) −37.50% (below 0%: shrinking) +157.37% (above 0%: growing) 86.78% 11.25% Compare
AMTM Amentum Holdings, Inc. $5.5B 27.0× 21.0× −1.99% (below 0%: shrinking) +575.00% (above 0%: growing) +35.00% (above 0%: growing) 10.32% 4.93% Compare
UNF Unifirst Corporation $4.5B 40.7× 40.0× +4.97% (above 0%: growing) −13.79% (below 0%: shrinking) −31.08% (below 0%: shrinking) 37.38% 6.46% Compare
Median of peers $13.1B 29.2× 26.9× +5.04% +6.18% +27.98% 25.49% 5.70%

All 46 Specialty Business Services stocks →

From the latest earnings call

Updated

  • Todd Schneider said demand remained consistent across Cintas’s broad customer base, with new business, retention and cross-selling supporting volume growth.
  • Scott Garula said fiscal 2027 guidance assumes no future acquisitions, constant currency and excludes future buybacks, significant disruptions and transaction costs.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
UBS Sep 28, 2026 Target raised — 230.00 → 235.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 67.91%
Held by the ten largest 32.58%
Holder Shares Stake Change
Vanguard 39.25m 9.81% +314.47k
BlackRock 26.58m 6.64% −391.44k
State Street 15.82m 3.95% +437.99k
Invesco 13.58m 3.39% +591.09k
Geode Capital Management 9.55m 2.39% +30.62k
Fidelity (FMR) 6.32m 1.58% −607.52k
T. Rowe Price 5.76m 1.44% −284.00
Goldman Sachs 4.70m 1.17% +763.35k
Franklin Templeton 4.44m 1.11% +957.65k
Norges Bank 4.36m 1.09% +4.36m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 15 September 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 12.16m 483.96k 202.95
2025 9.25m 34.56m 265.88
2024 8.80m 34.92m 197.47
2023 7.57m 19.65m 136.24
2022 7.78m 18.32m 113.77

Ownership

Directors and executive officers, together 14.40%
Scott D. Farmer 14.00%
Vanguard Capital Management LLC 7.20%
BlackRock, Inc. 7.20%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Cintas Corporation (CTAS) Latest News

2 Nov

Impact 3 · · Trefis

1 Nov

Impact 3 · · Insider Monkey

29 Oct

Impact 4 · · MarketBeat

28 Oct

Impact 4 · · TIKR
Impact 4 · · TIKR

27 Oct

Impact 4 · · The Motley Fool
Impact 4 · · Investing.com
Impact 3 · · Business Wire

26 Oct

Impact 4 · · 24/7 Wall St.

23 Oct

Impact 4 · · Zacks

22 Oct

Impact 3 · · Trefis

21 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · Barchart
Impact 3 · · Trefis

20 Oct

Impact 3 · · Zacks

19 Oct

Impact 4 · · MarketBeat

16 Oct

Impact 3 · · Zacks

13 Oct

Impact 4 · · GlobeNewswire

30 Sep

Impact 4 · · Trefis

28 Sep

Impact 4 · · Insider Monkey
Impact 4 · · Insider Monkey

25 Sep

Impact 4 · · Simply Wall St.
Impact 4 · · MarketBeat

24 Sep

Impact 4 · · The Motley Fool
Impact 4 · · The Motley Fool transcript
Impact 4 · · Zacks
Impact 4 · · Moby

23 Sep

Impact 4 · · GuruFocus.com
Impact 4 · · MarketBeat
Impact 3 · · MT Newswires

CTAS metrics, ten years each

stockrow.com/CTAS · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com