| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | 1 | — | — | 2 | — | — |
| total | individual payouts | |
|---|---|---|
| 2029 | ‡‡‡‡‡ |
|
| 2028 | ‡‡‡‡ |
|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | 1.75 |
—
—
—
|
| 2025 | 1.68 |
—
—
—
—
|
| 2024 | 1.46 |
—
—
—
—
|
| 2023 | 1.25 |
—
—
—
—
|
| 2022 | 1.05 |
—
—
—
—
|
| 2021 | 0.85 |
—
—
—
—
|
| 2020 | 0.88 |
—
|
| 2019 | 0.64 |
—
|
| 2018 | 0.51 |
—
|
| 2017 | 0.41 |
—
|
| 2016 | 0.33 |
—
|
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Cash | 124.15 | 342.02 | 263.97 | 289.02 |
| Receivables | 1,152.99 | 1,244.18 | 1,417.38 | 1,555.19 |
| Inventory | 506.60 | 410.20 | 447.41 | 446.44 |
| Other | 1,011.92 | 1,040.14 | 1,137.36 | 1,276.17 |
| 2,938.46 | 3,185.21 | 3,436.17 | 3,853.04 |
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Payables | 302.29 | 339.17 | 485.11 | 461.16 |
| ST’ Debt | 44.00 | 449.60 | — | 998.99 |
| Other | 872.00 | — | — | — |
| 1,230.06 | 1,828.52 | 1,644.50 | 2,686.96 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Aug | Nov | Feb | May | Year | |
|---|---|---|---|---|---|
| ’26 | — | — | — | — |
—
|
| ’26 | 2,718.12 | 2,799.99 | 2,841.44 | 2,905.20 |
11,264.76
|
| ’25 | 2,501.59 | 2,561.78 | 2,609.16 | 2,667.65 |
10,340.18
|
| ’24 | 2,342.33 | 2,377.18 | 2,406.17 | 2,470.94 |
9,596.62
|
| ’23 | 2,166.45 | 2,174.86 | 2,189.99 | 2,284.47 |
8,815.77
|
| ’22 | 1,896.95 | 1,922.28 | 1,960.54 | 2,074.69 |
7,854.46
|
| ’21 | 1,746.58 | 1,757.05 | 1,777.06 | 1,835.66 |
7,116.34
|
| Aug | Nov | Feb | May | Year | |
|---|---|---|---|---|---|
| ’26 | — | — | — | — |
—
|
| ’26 | 414.48 | 531.22 | 621.47 | 709.10 |
2,276.28
|
| ’25 | 460.36 | 444.73 | 620.50 | 640.32 |
2,165.91
|
| ’24 | 336.95 | 392.69 | 657.11 | 681.76 |
2,068.50
|
| ’23 | 298.16 | 320.99 | 425.04 | 542.04 |
1,586.23
|
| ’22 | 262.14 | 331.64 | 393.27 | 550.57 |
1,537.63
|
| ’21 | 312.29 | 260.67 | 331.85 | 455.93 |
1,360.74
|
| Aug | Nov | Feb | May | Year | |
|---|---|---|---|---|---|
| ’26 | — | — | — | — |
—
|
| ’26 | 312.52 | 424.97 | 530.57 | 613.11 |
1,881.18
|
| ’25 | 367.44 | 349.23 | 538.64 | 525.69 |
1,780.99
|
| ’24 | 230.25 | 298.86 | 550.08 | 579.85 |
1,659.03
|
| ’23 | 228.14 | 244.61 | 347.33 | 435.04 |
1,255.12
|
| ’22 | 228.46 | 256.69 | 351.40 | 475.75 |
1,312.30
|
| ’21 | 281.42 | 233.89 | 321.59 | 412.08 |
1,248.98
|
| Aug | Nov | Feb | May | Year | |
|---|---|---|---|---|---|
| ’26 | — | — | — | — |
—
|
| ’26 | — | 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
|
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 85.97 | 105.77 | 143.64 | 180.39 | 161.16 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 117.56 | 151.95 | 228.12 | 229.24 | 219.17 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 43,000 | 44,500 | 46,500 | 48,300 | 48,100 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.18 | 0.20 | 0.21 | 0.21 | 0.23 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7,854.46 | 8,815.77 | 9,596.62 | 10,340.18 | 11,264.76 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 46.24% | 47.34% | 48.83% | 50.04% | 50.67% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,498.77 | 1,693.15 | 1,973.64 | 2,264.20 | 2,505.33 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19.08% | 19.21% | 20.57% | 21.90% | 22.24% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,235.76 | 1,348.01 | 1,571.59 | 1,812.28 | 1,999.97 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 399.70 | 419.34 | 456.87 | 494.18 | 512.85 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19.03 | 21.68 | 23.60 | 25.62 | 28.07 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 2.98 | 3.30 | 3.85 | 4.48 | 4.97 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 3.73 | 3.90 | 5.09 | 5.37 | 5.67 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.55) | (0.81) | (1.01) | (0.95) | (0.98) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.18 | 3.09 | 4.08 | 4.41 | 4.69 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.02 | 9.50 | 10.62 | 11.61 | 12.81 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 412.69 | 406.58 | 406.61 | 403.53 | 401.27 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 33.39 | 35.74 | 44.05 | 50.60 | 35.58 | ‡‡‡‡ | ‡‡‡‡ | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.23 | 5.44 | 7.18 | 8.85 | 6.16 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12.42 | 12.42 | 15.97 | 19.53 | 13.50 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 5.58 | 5.72 | 7.40 | 9.10 | 6.35 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 33.38 | 40.15 | 42.83 | 52.83 | 38.02 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,537.63 | 1,586.23 | 2,068.50 | 2,165.91 | 2,276.28 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (225.32) | (331.11) | (409.47) | (384.91) | (395.10) | ‡‡‡‡‡ | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,312.30 | 1,255.12 | 1,659.03 | 1,780.99 | 1,881.18 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,199.09 | 1,708.40 | 1,356.69 | 1,791.67 | 1,166.08 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,795.51 | 2,530.41 | 2,475.53 | 2,425.00 | 2,428.07 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,705.04 | 2,406.26 | 2,133.51 | 2,161.03 | 2,139.06 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3,308.20 | 3,863.99 | 4,316.37 | 4,684.48 | 5,139.89 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 15.01% | 16.08% | 17.68% | 19.02% | 19.59% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16.50% | 17.97% | 20.05% | 21.54% | 22.38% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 35.15% | 37.44% | 38.28% | 40.13% | 40.59% | — | — | — |
ROE
|
Cintas Corporation (CTAS), a leader in uniforms, facility services, and safety products, has delivered impressive fundamentals over the past decade, with revenue nearly doubling from $4.8 billion in 2016 to $9.6 billion in 2023 and projected to reach $10.3 billion in 2024 at 10-12% annual growth. Key drivers include the 2017 G&K Services acquisition for scale, rising revenue per employee (up 56% to $214,000), and tech-enabled efficiencies in its sticky, subscription-like uniform rental model, even through COVID disruptions.
Profitability shines with gross margins expanding to 48.8%, EBT margins to 21.9% (up 49%), net income surging 126% to $1.57 billion, and EPS climbing 144% to $3.85—fueling ROE peaks at 38.3% and free cash flow per share exploding over 900%. A fortress balance sheet features reduced debt, growing equity, and $1.78 billion in projected 2024 free cash flow, supporting dividends (40+ years of raises) and buybacks, while the stock has sextupled from 2016 lows amid resilient performance.
Analysts forecast continued momentum with 16% average upside to price targets, forward P/E normalizing to 32x by 2028 on EPS growth to $5.97, bolstered by 80%+ recurring revenue and tailwinds like hygiene demand. Despite net insider selling and macro risks, Cintas’ compounding quality—superior ROIC, margin leverage, and growth—positions it as a portfolio staple for stability and upside.
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