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Cintas

CTAS Nasdaq Diversified Support Services Financials FY2017–FY2026

Cintas' revenue rose 8.9% to $11.3 billion in fiscal 2026. Its operating margin was 23.1%, up from 22.8% a year earlier. Free cash flow was $1.9 billion, up 7.1%. It paid out $1.7 billion in dividends and buybacks, 88% of free cash flow. The diluted share count fell 1.0%.

Last close · Oct 23, 2026

$224.10

0.0%
Value it Compare
Revenue Total sales reported in the income statement.
$11.3B
8.9% vs prior year
Operating margin Operating income as a share of revenue.
23.1%
0.3 pts
Net income Profit after all expenses, interest and tax.
$2.0B
10.4%
Free cash flow Cash from operations minus capital spending.
$1.9B
7.1%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
31.7%
2.3 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$90.6B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
44.2x
On $5.07 EPS (TTM)

About these figures. Share counts and per-share figures for earlier years are restated for a stock split (4-for-1), so every year is on today's share basis.

What Cintas does

No business description yet.

Legal name
Cintas Corporation
Fiscal year ends
May 31, 2026
Latest annual report
—
Accession · CIK
0000723254-26-000028
0000723254

Revenue and margins

Cintas had $11.3B of revenue in fiscal 2026, up 8.9% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2017 to 2026, diluted EPS grew 18.2% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $1.9B in fiscal 2026, 16.7% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Cintas returned $1.7B to shareholders in fiscal 2026, 88% of free cash flow. The diluted share count fell 1.0%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Cintas yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$1.1B and divides by 406.2M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 44.2x · peers 14.9x · sector 26.0x.

Balance sheet

Cash, debt and the ratios that show how comfortably Cintas can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $90.5M$124M$342M$264M$289M
Debt incl. finance leases $2.5B$2.5B$2.0B$2.4B$1.4B
Net debt / EBITDA 1.2x1.1x0.7x0.8x0.4x
Debt / equity 0.8x0.6x0.5x0.5x0.3x
Interest coverage 17.9x16.2x20.5x23.3x24.5x
Current ratio 1.8x2.4x1.7x2.1x1.4x
Quick ratio 1.5x2.0x1.5x1.8x1.3x
Total assets $8.1B$8.5B$9.2B$9.8B$10.5B
Total liabilities $4.8B$4.7B$4.9B$5.1B$5.4B
Shareholders' equity $3.3B$3.9B$4.3B$4.7B$5.1B
Net debt (− = net cash) $2.4B$2.4B$1.7B$2.2B$1.1B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$3.6M

2 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Jul 22, 2026 Ronald W TysoeDirector Sold 4,363 $199.90 $0.9M Form 4
Jul 16, 2026 Melanie W. BarstadDirector Sold 9,142 $202.94 $1.9M Form 4
Apr 20, 2026 Ronald W TysoeDirector Sold 4,666 $178.87 $0.8M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✕ ✓
Current ratio rose ✕ ✓ ✕
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✓ ✓ ✓
Revenue rose relative to assets ✓ ✓ ✓
F-score 8 / 98 / 98 / 9
Accruals ratio −5.6%−3.7%−2.7%
Altman Z'' 7.207.687.44

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Cintas CTAS $90.6B 8.9% 23.1% 16.7% 31.7% 44.2x 8
CACI International CACI $14.1B 10.9% 9.6% 8.2% 8.8% 26.0x 5 Compare →
KBR KBR $5.0B 1.0% 10.0% 6.6% 15.8% 11.8x 7 Compare →
Leidos LDOS $17.1B 3.1% 12.3% 9.5% 19.3% 12.7x 9 Compare →
Science Applications Intl SAIC $6.2B −2.9% 7.2% 8.0% 12.8% 17.0x 7 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $5.3B $6.5B $6.9B $7.1B $7.1B $7.9B $8.8B $9.6B $10.3B $11.3B
Gross profit $2.4B $2.9B $3.1B $3.2B $3.3B $3.6B $4.2B $4.7B $5.2B $5.7B
Operating income $774M $950M $1.1B $1.2B $1.4B $1.6B $1.8B $2.1B $2.4B $2.6B
Interest expense $86.5M $110M $102M $105M $98.2M $88.8M $111M $101M $101M $106M
Pretax income $687M $841M $1.1B $1.1B $1.3B $1.5B $1.7B $2.0B $2.3B $2.5B
Income tax $230M $57.1M $220M $182M $177M $263M $345M $402M $452M $505M
Net income $481M $843M $885M $876M $1.1B $1.2B $1.3B $1.6B $1.8B $2.0B
Diluted EPS $1.09 $1.89 $2.00 $2.03 $2.56 $2.91 $3.25 $3.79 $4.40 $4.91
Diluted shares 0.43B 0.44B 0.44B 0.43B 0.43B 0.42B 0.41B 0.41B 0.41B 0.41B
Cash flow
Cash from operations $764M $964M $1.1B $1.3B $1.4B $1.5B $1.6B $2.1B $2.2B $2.3B
Capital expenditure $273M $272M $277M $230M $144M $241M $331M $410M $409M $395M
Free cash flow $491M $692M $791M $1.1B $1.2B $1.3B $1.3B $1.7B $1.8B $1.9B
Depreciation and amortization $197M $279M $360M $379M $388M $400M $409M $442M $494M $513M
Stock-based compensation $88.9M $113M $139M $115M $112M $109M $104M $117M $128M $128M
Acquisitions $2.1B $19.3M $9.8M $53.7M $10.0M $164M $46.4M $187M $233M $165M
Share buybacks $20.7M $127M $1.0B $465M $554M $1.5B $399M $700M $935M $952M
Dividends paid $142M $176M $221M $268M $451M $375M $450M $531M $612M $702M
Dividends and buybacks $163M $303M $1.2B $732M $1.0B $1.9B $849M $1.2B $1.5B $1.7B
Balance sheet
Cash and short-term investments $192M $139M $96.6M $145M $494M $90.5M $124M $342M $264M $289M
Total debt $2.8B $2.5B $2.8B $2.5B $1.6B $2.5B $2.5B $2.0B $2.4B $1.4B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $2.0B $2.0B $2.2B $2.3B $2.8B $2.6B $2.9B $3.2B $3.4B $3.9B
Current liabilities $1.1B $776M $1.1B $885M $1.9B $1.4B $1.2B $1.8B $1.6B $2.7B
Inventory $278M $280M $335M $409M $482M $472M $507M $410M $447M $446M
Property and equipment, net $1.3B $1.4B $1.4B $1.4B $1.3B $1.3B $1.4B $1.5B $1.7B $1.7B
Total assets $6.8B $7.0B $7.4B $7.7B $8.2B $8.1B $8.5B $9.2B $9.8B $10.5B
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 $3.0B $3.0B $3.2B $3.7B $3.3B $3.9B $4.3B $4.7B $5.1B
Margins
Gross margin 44.7% 44.9% 45.4% 45.6% 46.6% 46.2% 47.3% 48.8% 50.0% 50.7%
Operating margin 14.5% 14.7% 16.5% 16.4% 19.5% 20.2% 20.5% 21.6% 22.8% 23.1%
EBITDA margin 18.2% 19.0% 21.7% 21.8% 24.9% 25.3% 25.1% 26.2% 27.6% 27.7%
Net margin 9.0% 13.0% 12.8% 12.4% 15.6% 15.7% 15.3% 16.4% 17.5% 17.8%
FCF margin 9.2% 10.7% 11.5% 15.0% 17.1% 16.5% 14.2% 17.3% 17.0% 16.7%
Returns
Return on capital 13.4% 17.1% 16.3% 16.9% 22.8% 24.8% 24.1% 27.0% 29.4% 31.7%
Return on capital employed 17.2% 16.0% 18.2% 17.8% 21.2% 24.4% 25.7% 28.2% 30.4% 32.5%
Return on equity 23.2% 31.7% 29.4% 28.1% 32.1% 35.3% 37.6% 38.4% 40.3% 40.7%
Return on assets 8.8% 12.2% 12.3% 11.6% 14.0% 15.1% 16.2% 17.7% 19.1% 19.7%
Growth
Revenue growth 11.0% 21.7% 6.4% 2.8% 0.4% 10.4% 12.2% 8.9% 7.8% 8.9%
Net income growth −30.7% 75.3% 5.0% −1.0% 26.8% 11.2% 9.1% 16.6% 15.3% 10.4%
EPS growth −29.5% 72.6% 5.7% 1.5% 26.3% 13.8% 11.6% 16.6% 16.1% 11.6%
FCF growth 157.6% 41.2% 14.3% 34.1% 14.7% 6.6% −3.2% 32.2% 5.9% 7.1%
Share count change −2.0% 1.9% −0.3% −2.3% 0.7% −2.0% −2.0% −0.0% −0.8% −1.0%
Financial health
Net debt / EBITDA 2.7x 2.0x 1.8x 1.6x 0.7x 1.2x 1.1x 0.7x 0.8x 0.4x
Debt / equity 1.2x 0.8x 1.0x 0.8x 0.5x 0.8x 0.6x 0.5x 0.5x 0.3x
Interest coverage 8.9x 8.6x 11.1x 11.0x 14.1x 17.9x 16.2x 20.5x 23.3x 24.5x
Current ratio 1.7x 2.6x 2.0x 2.6x 1.5x 1.8x 2.4x 1.7x 2.1x 1.4x
Quick ratio 1.5x 2.2x 1.7x 2.2x 1.2x 1.5x 2.0x 1.5x 1.8x 1.3x
Capital allocation
Capex / revenue 5.1% 4.2% 4.0% 3.3% 2.0% 3.1% 3.8% 4.3% 4.0% 3.5%
Stock comp / revenue 1.7% 1.7% 2.0% 1.6% 1.6% 1.4% 1.2% 1.2% 1.2% 1.1%
Payouts / FCF 33.3% 43.7% 156.4% 69.0% 82.6% 146.6% 67.6% 74.2% 88.0% 87.9%
Quality scores
Piotroski F-score 6.0 7.0 7.0 7.0 6.0 7.0 9.0 8.0 8.0 8.0
Altman Z'' 4.5 5.6 5.7 6.1 5.8 6.5 7.3 7.2 7.7 7.4
Accruals ratio −5.2% −1.8% −2.5% −5.5% −3.1% −3.7% −2.9% −5.6% −3.7% −2.7%

Source: SEC EDGAR XBRL filings (CIK 0000723254). Data updated October 10, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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