Cintas Corporation

CTAS

IndustrialsLarge CapUS Equities · NYSE / NASDAQ

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Company Profile

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms. In addition, the company offers first aid and safety services, and fire protection products and services. It provides its products and services through its distribution network and local delivery routes, or local representatives to small service and manufacturing companies, as well as major corporations. The company was founded in 1968 and is based in Cincinnati, Ohio. Cintas Corporation was formerly a subsidiary of Cintas Corporation.

Valuation

Market Cap$72.0B

Current Price$168.08as of Jun 23, 2026

P/E Ratio39.73

P/B Ratio15.37

EV / EBITDA26.02

EV / Sales7.20

Profitability

Operating Margin22.8%

Net Profit Margin17.5%

EBITDA Margin27.7%

Returns

ROE38.7%

ROCE28.8%

ROIC %-

ROA18.4%

Solvency

Current Ratio2.09

Debt / Equity0.57

Debt / Assets0.27

CFO / Net Profit1.20

Price History▼ 23.91% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$10.3B▲ 7.7%

EBITDA$2.9B▲ 13.0%

Net Profit$1.8B▲ 15.3%

Cash from Ops (CFO)$2.2B▲ 4.7%

Free Cash Flow (FCF)$1.8B▲ 5.9%

Revenue CAGR 3Y9.6%

Revenue CAGR 5Y-

Net Profit CAGR 3Y13.6%

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$10.3B	$2.9B	$1.8B	$1.8B	38.7%	7.7%	15.3%
2024	$9.6B	$2.5B	$1.6B	$1.7B	36.4%	8.9%	16.6%
2023	$8.8B	$2.2B	$1.3B	$1.3B	34.9%	12.2%	9.1%
2022	$7.9B	$2.0B	$1.2B	$1.3B	37.4%	-	-
2021	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2022	2023	2024	2025
Total Revenue	7,854.46	8,815.77	9,596.62	10,340.18
Operating Revenue	6,226.98	6,897.13	7,465.20	7,976.07
Cost Of Revenue	4,222.21	4,642.40	4,910.20	5,166.02
Gross Profit	3,632.25	4,173.37	4,686.42	5,174.16
Operating Expense	2,044.88	2,370.70	2,617.78	2,814.44
Selling General And Administration	2,044.88	2,370.70	2,617.78	2,814.44
Total Expenses	6,267.09	7,013.10	7,527.98	7,980.46
Operating Income	1,587.37	1,802.66	2,068.63	2,359.73
Total Operating Income As Reported	1,587.37	1,802.66	2,068.63	2,359.73
EBITDA	1,987.31	2,223.72	2,531.24	2,859.49
Normalized EBITDA	1,987.31	2,223.72	2,531.24	2,859.49
EBIT	1,587.61	1,804.38	2,074.38	2,365.31
Interest Income	0.24	1.72	5.74	5.58
Interest Expense	88.84	111.23	100.74	101.11
Net Interest Income	-88.60	-109.52	-95	-95.52
Interest Income Non Operating	0.24	1.72	5.74	5.58
Interest Expense Non Operating	88.84	111.23	100.74	101.11
Net Non Operating Interest Income Expense	-88.60	-109.52	-95	-95.52
Pretax Income	1,498.77	1,693.15	1,973.64	2,264.20
Tax Provision	263.01	345.14	402.04	451.92
Tax Rate For Calcs	0	0	0	0
Tax Effect Of Unusual Items	0	0	0	0
Net Income Continuous Operations	1,235.76	1,348.01	1,571.59	1,812.28
Net Income From Continuing And Discontinued Operation	1,235.76	1,348.01	1,571.59	1,812.28
Net Income From Continuing Operation Net Minority Interest	1,235.76	1,348.01	1,571.59	1,812.28
Net Income	1,235.76	1,348.01	1,571.59	1,812.28
Net Income Common Stockholders	1,229.62	1,342.55	1,565.66	1,805.93
Net Income Including Noncontrolling Interests	1,235.76	1,348.01	1,571.59	1,812.28
Normalized Income	1,235.76	1,348.01	1,571.59	1,812.28
Diluted NI Availto Com Stockholders	1,229.62	1,342.55	1,565.66	1,805.93
Basic Average Shares	412.69	406.58	406.61	403.53
Diluted Average Shares	422.09	413.51	413.47	410.29
Reconciled Depreciation	399.70	419.34	456.87	494.18
Reconciled Cost Of Revenue	4,222.21	4,642.40	4,910.20	5,166.02
Net Income Discontinuous Operations	0	-	-	-
Otherunder Preferred Stock Dividend	6.13	5.46	5.93	6.35

Peer Comparison

Industrials sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Cintas Corporationthis co.	CTAS	$72.0B	39.73↑ premium	15.37	38.7%	26.02
Emerson Electric Co.	EMR	$79.6B	34.70	3.92	11.3%	18.97
FedEx Corporation	FDX	$78.3B	19.13	2.79	14.6%	10.50
Northrop Grumman Corporation	NOC	$77.4B	18.52	4.64	25.1%	12.50
Illinois Tool Works Inc.	ITW	$72.2B

Learn while you research

Hand-picked academy chapters to deepen your understanding of Cintas Corporation and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Valuation Multiples Explained

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$10.3B

$2.9B

$1.8B

38.7%

7.7%

15.3%

2024

$9.6B

$2.5B

$1.6B

$1.7B

36.4%

8.9%

16.6%

2023

$8.8B

$2.2B

$1.3B

34.9%

12.2%

9.1%

2022

$7.9B

$2.0B

$1.2B

$1.3B

37.4%

2021

Metric

2022

2023

2024

2025

Total Revenue

7,854.46

8,815.77

9,596.62

10,340.18

Operating Revenue

6,226.98

6,897.13

7,465.20

7,976.07

Cost Of Revenue

4,222.21

4,642.40

4,910.20

5,166.02

Gross Profit

3,632.25

4,173.37

4,686.42

5,174.16

Operating Expense

2,044.88

2,370.70

2,617.78

2,814.44

Selling General And Administration

2,044.88

2,370.70

2,617.78

2,814.44

Total Expenses

6,267.09

7,013.10

7,527.98

7,980.46

Operating Income

1,587.37

1,802.66

2,068.63

2,359.73

Total Operating Income As Reported

1,587.37

1,802.66

2,068.63

2,359.73

EBITDA

1,987.31

2,223.72

2,531.24

2,859.49

Normalized EBITDA

1,987.31

2,223.72

2,531.24

2,859.49

EBIT

1,587.61

1,804.38

2,074.38

2,365.31

Interest Income

0.24

1.72

5.74

5.58

Interest Expense

88.84

111.23

100.74

101.11

Net Interest Income

-88.60

-109.52

-95

-95.52

Interest Income Non Operating

0.24

1.72

5.74

5.58

Interest Expense Non Operating

88.84

111.23

100.74

101.11

Net Non Operating Interest Income Expense

-88.60

-109.52

-95

-95.52

Pretax Income

1,498.77

1,693.15

1,973.64

2,264.20

Tax Provision

263.01

345.14

402.04

451.92

Tax Rate For Calcs

Tax Effect Of Unusual Items

Net Income Continuous Operations

1,235.76

1,348.01

1,571.59

1,812.28

Net Income From Continuing And Discontinued Operation

1,235.76

1,348.01

1,571.59

1,812.28

Net Income From Continuing Operation Net Minority Interest

1,235.76

1,348.01

1,571.59

1,812.28

Net Income

1,235.76

1,348.01

1,571.59

1,812.28

Net Income Common Stockholders

1,229.62

1,342.55

1,565.66

1,805.93

Net Income Including Noncontrolling Interests

1,235.76

1,348.01

1,571.59

1,812.28

Normalized Income

1,235.76

1,348.01

1,571.59

1,812.28

Diluted NI Availto Com Stockholders

1,229.62

1,342.55

1,565.66

1,805.93

Basic Average Shares

412.69

406.58

406.61

403.53

Diluted Average Shares

422.09

413.51

413.47

410.29

Reconciled Depreciation

399.70

419.34

456.87

494.18

Reconciled Cost Of Revenue

4,222.21

4,642.40

4,910.20

5,166.02

Net Income Discontinuous Operations

Otherunder Preferred Stock Dividend

6.13

5.46

5.93

6.35

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Cintas Corporationthis co.

CTAS

$72.0B

39.73↑ premium

15.37

38.7%

26.02

Emerson Electric Co.

EMR

$79.6B

34.70

3.92

11.3%

18.97

FedEx Corporation

FDX

$78.3B

19.13

2.79

14.6%

10.50

Northrop Grumman Corporation

NOC

$77.4B

18.52

4.64

25.1%

12.50

Illinois Tool Works Inc.

ITW

$72.2B

Cintas Corporation

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Cintas Corporation

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on