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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. In the quarter to August 2026, revenue grew 10.9%, EPS grew 12.5%, free cash flow grew 48.7% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for five consecutive years, revenue growth for ten, operating cash flow growth for ten.

202.41 1.29 +0.64%

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Market cap: $80.6B
P/E: 39.5×
Fwd P/E: 33.1×
Dividend yield: 0.92%
F-score: 8/9
Altman Z: 11.41
Beneish M: −2.52
Dividend safety: 85/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 3.56

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	1	—	—	2	—	—	—

Insider Ownership 14.30%

Capital & Financial Ratios $m

Market Cap 80,590.00

Revenue 11,560.62

Net Income 2,060.54

Free Cash Flow 2,033.45

Net Debt 2,185.25

Current Ratio 1.45

Debt/Equity 0.47

P/E ratio 39.53

Fwd P/E 33.10

P/S ratio 7.01

P/B ratio 15.56

Past 5Y EPS Growth 13.91%

This Y EPS Growth 12.23%

Next Y EPS Growth 11.41%

Next Y revenue growth 8.71%

Next 5Y EPS Growth 11.79%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 75.63%

10-year low 10-year high

P/S against its own 10 years 81.39%

10-year low 10-year high

P/B against its own 10 years 80.13%

10-year low 10-year high

EV/Sales against its own 10 years 80.69%

10-year low 10-year high

EV/FCF against its own 10 years 62.81%

10-year low 10-year high

Dividends

Payout Ratio 0.37

Annual Dividend Rate 1.87

Annual Dividend Yield 0.92%

	total	individual payouts
2029	Powerpack
2028	Powerpack
2027	Powerpack
2026	1.75	0.45 0.45 0.52
2025	1.68	0.39 0.39 0.45 0.45
2024	1.46	0.34 0.34 0.39 0.39
2023	1.25	0.29 0.29 0.34 0.34
2022	1.05	0.24 0.24 0.29 0.29
2021	0.85	0.19 0.19 0.24 0.24
2020	0.88	0.88
2019	0.64	0.64
2018	0.51	0.51
2017	0.41	0.41
2016	0.33	0.33

predictions special payouts not included in total or ratios

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%

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.

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.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	28.24	36.85	41.13	38.58	78.66	85.97	105.77	143.64	180.39	161.16	Analyst estimates 2027–2029 Powerpack
	High	40.86	54.34	69.46	92.30	115.36	117.56	151.95	228.12	229.24	219.17
People
People	Employees	42,000	41,000	45,000	40,000	40,000	43,000	44,500	46,500	48,300	48,100
	Revenue/emp, $m	0.13	0.16	0.15	0.18	0.18	0.18	0.20	0.21	0.21	0.23
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
	Gross margin, %	44.71	44.91	45.39	45.64	46.58	46.24	47.34	48.83	50.04	50.67
	EBT	687	841	1,102	1,058	1,288	1,499	1,693	1,974	2,264	2,505
	EBT margin, %	12.91	12.99	15.99	14.94	18.10	19.08	19.21	20.57	21.90	22.24
	Net income	481	843	885	876	1,111	1,236	1,348	1,572	1,812	2,000
	Depreciation	197	279	360	379	388	400	419	457	494	513
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
	Earnings	1.12	1.95	2.06	2.09	2.63	2.98	3.30	3.85	4.48	4.97
	Cash flow	1.82	2.26	2.52	3.11	3.24	3.73	3.90	5.09	5.37	5.67
	Capex	(0.65)	(0.64)	(0.64)	(0.52)	(0.27)	(0.55)	(0.81)	(1.01)	(0.95)	(0.98)
	Free cash flow	1.17	1.62	1.87	2.59	2.98	3.18	3.09	4.08	4.41	4.69
	Book value	5.48	7.07	7.08	7.79	8.79	8.02	9.50	10.62	11.61	12.81
	Shares, m	420	426	424	415	419	413	407	407	404	401
Valuation, ×
Valuation, ×	P/E	28.04	23.42	26.89	30.02	33.56	33.39	35.74	44.05	50.60	34.80
	P/S	2.48	3.00	3.41	3.68	5.20	5.23	5.44	7.18	8.85	6.16
	P/B	5.74	6.44	7.84	8.05	10.04	12.42	12.42	15.97	19.53	13.50
	EV/Sales	3.03	3.40	3.81	4.02	5.49	5.58	5.72	7.40	9.10	6.35
	EV/FCF	32.93	31.78	33.09	26.52	31.28	33.38	40.15	42.83	52.83	38.02
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
	Capex	(273)	(272)	(274)	(217)	(112)	(225)	(331)	(409)	(385)	(395)
	Free cash flow	491	692	794	1,074	1,249	1,312	1,255	1,659	1,781	1,881
Balance, $m
Balance, $m	Working capital	824	1,202	1,109	1,425	909	1,199	1,708	1,357	1,792	1,166
	Total debt	3,134	2,535	2,850	2,583	2,542	2,796	2,530	2,476	2,425	2,428
	Net debt	2,942	2,397	2,753	2,437	2,048	2,705	2,406	2,134	2,161	2,139
	Shareholders’ equity	2,303	3,017	3,003	3,235	3,688	3,308	3,864	4,316	4,684	5,140
Returns, %
Returns, %	ROA	8.79	12.21	12.30	11.60	13.87	15.01	16.08	17.68	19.02	19.59
	ROIC	9.22	10.97	12.31	12.81	15.10	16.50	17.97	20.05	21.54	22.38
	ROE	23.19	31.68	29.41	28.09	31.87	35.15	37.44	38.28	40.13	40.59

Negative figures in brackets.

All 10 years →

Fiscal years to May 2026 · latest quarter Aug 2026 · fundamentals updated 9 Oct 2026

Charts ten years each

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	$80.6B	39.5×	33.1×	+10.88% (above 0%: growing)	+12.50% (above 0%: growing)	+48.72% (above 0%: growing)	51.54%	23.62%
RELX RELX PLC	$61.2B	16.5×	—	+20.81% (above 0%: growing)	+23.32% (above 0%: growing)	+20.95% (above 0%: growing)	61.32%	0.00%	Compare
CPRT Copart, Inc.	$25.5B	17.5×	18.5×	+2.43% (above 0%: growing)	−14.63% (below 0%: shrinking)	−26.98% (below 0%: shrinking)	41.78%	32.01%	Compare
ARMK Aramark	$14.6B	37.6×	29.0×	+9.33% (above 0%: growing)	+37.04% (above 0%: growing)	+125.89% (above 0%: growing)	8.51%	4.26%	Compare
ULS UL Solutions Inc.	$14.3B	27.9×	45.9×	+5.15% (above 0%: growing)	+171.11% (above 0%: growing)	−13.33% (below 0%: shrinking)	51.10%	18.38%	Compare
RTO Rentokil Initial PLC	$10.2B	59.3×	29.4×	+66.96% (above 0%: growing)	+6.36% (above 0%: growing)	+7.92% (above 0%: growing)	13.59%	0.00%	Compare
DLB Dolby Laboratories	$5.5B	24.7×	16.5×	−3.34% (below 0%: shrinking)	−37.50% (below 0%: shrinking)	+157.37% (above 0%: growing)	86.78%	11.25%	Compare
AMTM Amentum Holdings, Inc.	$4.6B	23.2×	21.9×	−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	39.5×	39.4×	+3.87% (above 0%: growing)	−48.20% (below 0%: shrinking)	−21.68% (below 0%: shrinking)	37.00%	3.63%	Compare
Median of peers	$12.2B	26.3×	29.0×	+4.51%	+14.84%	+14.44%	39.39%	4.60%

All 44 Specialty Business Services stocks →

Cintas Corporation (CTAS) key facts

Strength: Cintas Corporation’s revenue for fiscal 2026 (year ended May 2026) was $11.3 billion, up 8.94% from fiscal 2025.
Strength: Net income was $2.0 billion, or $4.97 per share (basic), a net margin of 17.7%.
Cintas Corporation (CTAS) is a Specialty Business Services company in the Industrials sector, listed on Nasdaq.
As of October 9, 2026, CTAS traded at $202.41, a market capitalization of $80.6 billion.
At that price the stock trades at 39.5× trailing-twelve-month earnings and 7.0× sales; its P/E is higher than 76% of its own readings over the past ten years.
Cintas Corporation pays an annual dividend of $1.87 per share, a yield of 0.92%, with a payout ratio of 36.9%.
Return on equity was 40.6% and debt-to-equity 0.47.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 11.41 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Oct 9, 2026.

Financial Analysis (summary)

Updated 7 October 2026

Cintas entered its latest reported quarter after a fiscal year in which revenue, earnings, operating cash flow and free cash flow were all above the preceding fiscal year. Margins and returns on equity, assets and invested capital also moved higher over the multi-year record shown.

The latest quarter continued the year-over-year increase in revenue, diluted earnings per share and free cash flow, while gross and operating margins were above the comparable quarter. The balance sheet shows net debt alongside positive working capital and reported liquidity ratios. Capital returns included both dividends and net share repurchases.

Read the full analysis →