NASDAQ : CTAS
Cintas Corporation — Financial statements
Industrials · Specialty Business Services · United States
Last price 218.07 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 86.59B
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Financial statements
Cintas Corporation (CTAS) reported revenue of 11.56B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 8.83B | 8.62B | 7.98B | 7.47B | 6.90B | 6.23B |
| Other Revenue | 2.74B | 2.64B | 2.36B | 2.13B | 1.92B | 1.63B |
| Revenue | 11.56B | 11.26B | 10.34B | 9.60B | 8.82B | 7.85B |
| Cost of Revenue | 5.67B | 5.56B | 5.17B | 4.91B | 4.64B | 4.22B |
| Gross Profit | 5.89B | 5.71B | 5.17B | 4.69B | 4.17B | 3.63B |
| Selling, General & Admin | 3.16B | 3.09B | 2.81B | 2.62B | 2.37B | 2.04B |
| Operating Expenses | 3.16B | 3.09B | 2.81B | 2.62B | 2.37B | 2.04B |
| Operating Income | 2.73B | 2.62B | 2.36B | 2.07B | 1.80B | 1.59B |
| Interest Expense | -105.83M | -105.28M | -101.11M | -100.74M | -111.23M | -88.84M |
| Interest & Investment Income | 5.55M | 5.11M | 5.58M | 5.74M | 1.72M | 242.00K |
| EBT Excluding Unusual Items | 2.63B | 2.52B | 2.26B | 1.97B | 1.69B | 1.50B |
| Merger & Restructuring Charges | -30.55M | -16.14M | ||||
| Pretax Income | 2.60B | 2.51B | 2.26B | 1.97B | 1.69B | 1.50B |
| Income Tax Expense | 538.72M | 505.37M | 451.92M | 402.04M | 345.14M | 263.01M |
| Earnings From Continuing Operations | 2.06B | 2.00B | 1.81B | 1.57B | 1.35B | 1.24B |
| Net Income | 2.06B | 2.00B | 1.81B | 1.57B | 1.35B | 1.24B |
| Preferred Dividends & Other Adjustments | 6.23M | 6.31M | 6.35M | 5.93M | 5.46M | 6.13M |
| Net Income to Common | 2.05B | 1.99B | 1.81B | 1.57B | 1.34B | 1.23B |
| Shares Outstanding (Basic) | 400.48M | 401.27M | 403.53M | 406.61M | 406.58M | 412.69M |
| Shares Outstanding (Diluted) | 404.95M | 406.20M | 410.29M | 413.47M | 413.51M | 422.09M |
| EPS (Basic) | 5.13 | 4.97 | 4.48 | 3.85 | 3.30 | 2.98 |
| EPS (Diluted) | 5.07 | 4.91 | 4.40 | 3.79 | 3.25 | 2.91 |
| Free Cash Flow | 2.03B | 1.88B | 1.76B | 1.66B | 1.26B | 1.30B |
| Free Cash Flow Per Share | 5.02 | 4.63 | 4.28 | 4.01 | 3.04 | 3.07 |
| Dividend Per Share | 1.87 | 1.80 | 1.56 | 1.35 | 1.15 | 0.95 |
| Gross Margin | 50.99% | 50.67% | 50.04% | 48.83% | 47.34% | 46.24% |
| Operating Margin | 23.61% | 23.27% | 22.82% | 21.56% | 20.45% | 20.21% |
| Profit Margin | 17.77% | 17.70% | 17.46% | 16.31% | 15.23% | 15.65% |
| Free Cash Flow Margin | 17.59% | 16.70% | 16.99% | 17.29% | 14.24% | 16.51% |
| EBITDA | 3.10B | 2.99B | 2.72B | 2.40B | 2.10B | 1.88B |
| EBITDA Margin | 26.86% | 26.59% | 26.27% | 24.98% | 23.85% | 23.89% |
| D&A For EBITDA | 374.63M | 373.35M | 357.08M | 328.87M | 300.04M | 288.80M |
| EBIT | 2.73B | 2.62B | 2.36B | 2.07B | 1.80B | 1.59B |
| EBIT Margin | 23.61% | 23.27% | 22.82% | 21.56% | 20.45% | 20.21% |
| Effective Tax Rate | 20.73% | 20.17% | 19.96% | 20.37% | 20.38% | 17.55% |
| Revenue as Reported | 11.56B | 11.26B | 10.34B | 9.60B | 8.82B | 7.85B |
Balance sheet
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 243.60M | 289.02M | 263.97M | 342.01M | 124.15M | 90.47M |
| Cash & Short-Term Investments | 364.58M | 289.02M | 263.97M | 342.01M | 124.15M | 90.47M |
| Accounts Receivable | 1.59B | 1.56B | 1.42B | 1.24B | 1.15B | 1.01B |
| Other Receivables | 21.71M | |||||
| Receivables | 1.59B | 1.56B | 1.42B | 1.24B | 1.15B | 1.03B |
| Inventory | 1.74B | 1.72B | 1.58B | 1.45B | 1.52B | 1.39B |
| Prepaid Expenses | 139.71M | 190.22M | 73.55M | 54.06M | 50.30M | 41.03M |
| Other Current Assets | 96.60M | 96.00M | 96.50M | 94.60M | 92.50M | 83.70M |
| Total Current Assets | 3.93B | 3.85B | 3.44B | 3.19B | 2.94B | 2.63B |
| Property, Plant & Equipment | 2.04B | 1.92B | 1.76B | 1.62B | 1.47B | 1.38B |
| Long-Term Investments | 448.88M | 438.66M | 339.52M | 302.21M | 247.19M | 242.87M |
| Goodwill | 3.55B | 3.54B | 3.40B | 3.21B | 3.06B | 3.04B |
| Other Intangible Assets | 272.97M | 472.12M | 616.79M | 591.16M | 584.04M | 619.82M |
| Long-Term Deferred Charges | 319.10M | 304.71M | 275.28M | 262.49M | 252.03M | 232.22M |
| Other Long-Term Assets | 88.38M | |||||
| Total Assets | 10.65B | 10.53B | 9.83B | 9.17B | 8.55B | 8.15B |
| Accounts Payable | 506.50M | 461.16M | 485.11M | 339.17M | 302.29M | 251.50M |
| Accrued Expenses | 791.57M | 939.89M | 891.31M | 792.80M | 727.02M | 728.41M |
| Current Portion of Long-Term Debt | 999.29M | 998.99M | 449.60M | 311.57M | ||
| Current Portion of Leases | 58.37M | 56.51M | 50.74M | 45.73M | 43.71M | 43.87M |
| Current Income Taxes Payable | 140.13M | 44.07M | 4.03M | 18.62M | 12.47M | |
| Other Current Liabilities | 208.80M | 186.35M | 213.31M | 182.61M | 144.56M | 97.53M |
| Total Current Liabilities | 2.70B | 2.69B | 1.64B | 1.83B | 1.23B | 1.43B |
| Long-Term Debt | 1.43B | 1.43B | 2.42B | 2.03B | 2.49B | 2.48B |
| Long-Term Leases | 224.16M | 221.38M | 178.74M | 146.82M | 138.28M | 129.06M |
| Pension & Post-Retirement Benefits | 5.00M | 11.20M | 16.00M | 17.70M | 17.80M | |
| Long-Term Deferred Tax Liabilities | 548.91M | 537.92M | 471.74M | 475.51M | 498.36M | 473.78M |
| Other Long-Term Liabilities | 540.92M | 508.91M | 409.58M | 359.66M | 311.57M | 301.60M |
| Total Liabilities | 5.45B | 5.39B | 5.14B | 4.85B | 4.68B | 4.84B |
| Common Stock | 2.93B | 2.85B | 2.59B | 2.31B | 2.03B | 1.77B |
| Retained Earnings | 13.42B | 13.07B | 11.80B | 10.62B | 9.60B | 8.72B |
| Treasury Stock | -11.24B | -10.87B | -9.79B | -8.70B | -7.84B | -7.29B |
| Comprehensive Income & Other | 90.72M | 84.47M | 84.39M | 91.20M | 77.78M | 107.92M |
| Shareholders' Equity | 5.20B | 5.14B | 4.68B | 4.32B | 3.86B | 3.31B |
| Total Liabilities & Equity | 10.65B | 10.53B | 9.83B | 9.17B | 8.55B | 8.15B |
| Total Debt | 2.71B | 2.71B | 2.65B | 2.67B | 2.67B | 2.97B |
| Net Cash (Debt) | -2.35B | -2.42B | -2.39B | -2.33B | -2.54B | -2.88B |
| Net Cash Per Share | -5.80 | -5.95 | -5.83 | -5.63 | -6.15 | -6.82 |
| Filing Date Shares Outstanding | 397.08M | 400.17M | 402.98M | 403.08M | 406.97M | 404.75M |
| Total Common Shares Outstanding | 399.52M | 400.15M | 402.95M | 405.01M | 406.93M | 406.84M |
| Working Capital | 1.23B | 1.17B | 1.79B | 1.36B | 1.71B | 1.20B |
| Book Value Per Share | 13.03 | 12.84 | 11.63 | 10.66 | 9.50 | 8.13 |
| Tangible Book Value | 1.38B | 1.12B | 667.47M | 512.79M | 223.75M | -354.60M |
| Tangible Book Value Per Share | 3.46 | 2.81 | 1.66 | 1.27 | 0.55 | -0.87 |
| Land | 203.49M | 195.41M | 194.66M | 190.71M | 191.88M | |
| Buildings | 799.11M | 769.12M | 744.62M | 714.38M | 699.43M | |
| Machinery | 3.14B | 2.90B | 2.63B | 2.39B | 2.25B | |
| Construction In Progress | 213.70M | 202.03M | 166.62M | 109.04M | 52.06M | |
| Leasehold Improvements | 54.31M | 48.46M | 46.49M | 44.90M | 43.43M |
Cash flow statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 2.06B | 2.00B | 1.81B | 1.57B | 1.35B | 1.24B |
| Depreciation & Amortization | 374.63M | 373.35M | 357.08M | 328.87M | 300.04M | 288.80M |
| Other Amortization | 139.60M | 139.50M | 137.10M | 128.00M | 119.30M | 110.90M |
| Loss (Gain) From Sale of Assets | -19.34M | -12.13M | ||||
| Loss (Gain) From Sale of Investments | -30.15M | |||||
| Stock-Based Compensation | 128.78M | 128.08M | 128.33M | 116.99M | 103.62M | 109.31M |
| Other Operating Activities | 53.73M | 58.09M | -5.81M | -28.91M | 23.23M | 52.11M |
| Change in Accounts Receivable | -164.31M | -135.22M | -174.14M | -91.40M | -151.77M | -100.39M |
| Change in Inventory | -119.24M | -135.34M | -127.59M | 72.95M | -133.91M | -95.14M |
| Change in Accounts Payable | 44.88M | -24.10M | 143.97M | 36.90M | 53.37M | 22.70M |
| Change in Income Taxes | 61.01M | 39.17M | -15.30M | 6.22M | 34.25M | -2.69M |
| Change in Other Net Operating Assets | -145.48M | -167.22M | -70.67M | -72.70M | -109.92M | -41.45M |
| Operating Cash Flow | 2.43B | 2.28B | 2.17B | 2.07B | 1.59B | 1.54B |
| Capital Expenditures | -400.68M | -395.11M | -408.88M | -409.47M | -331.11M | -240.67M |
| Sale of Property, Plant & Equipment | 23.97M | 15.35M | ||||
| Cash Acquisitions | -160.86M | -164.55M | -232.90M | -186.84M | -46.36M | -164.23M |
| Investment in Securities | -8.89M | -8.25M | -7.20M | -7.55M | -4.57M | -6.08M |
| Other Investing Activities | 867.00K | -523.00K | 1.37M | 518.00K | 420.00K | -7.01M |
| Investing Cash Flow | -569.57M | -568.43M | -623.64M | -603.33M | -381.61M | -402.63M |
| Short-Term Debt Issued | 261.20M | |||||
| Long-Term Debt Issued | 398.09M | 1.19B | ||||
| Total Debt Issued | 398.09M | 1.45B | ||||
| Short-Term Debt Repaid | -261.20M | |||||
| Long-Term Debt Repaid | -450.00M | -13.45M | -50.00M | -1.20B | ||
| Total Debt Repaid | -450.00M | -13.45M | -311.20M | -1.20B | ||
| Net Debt Issued (Repaid) | -51.91M | -13.45M | -311.20M | 251.71M | ||
| Issuance of Common Stock | 1.30M | 3.81M | 896.00K | 1.37M | 3.02M | 117.74M |
| Repurchase of Common Stock | -1.00B | -952.10M | -934.80M | -700.03M | -398.87M | -1.53B |
| Common Dividends Paid | -724.42M | -701.49M | -611.63M | -530.91M | -449.92M | -375.12M |
| Other Financing Activities | -33.40M | -32.29M | -21.57M | -4.48M | -9.79M | -6.39M |
| Financing Cash Flow | -1.76B | -1.68B | -1.62B | -1.25B | -1.17B | -1.54B |
| Foreign Exchange Rate Adjustments | -867.00K | -735.00K | -1.30M | 206.00K | -4.19M | -216.00K |
| Net Cash Flow | 105.46M | 25.05M | -78.04M | 217.87M | 33.68M | -403.17M |
| Free Cash Flow | 2.03B | 1.88B | 1.76B | 1.66B | 1.26B | 1.30B |
| Free Cash Flow Margin | 17.59% | 16.70% | 16.99% | 17.29% | 14.24% | 16.51% |
| Free Cash Flow Per Share | 5.02 | 4.63 | 4.28 | 4.01 | 3.04 | 3.07 |
| Levered Free Cash Flow | 1.74B | 1.46B | 1.56B | 1.51B | 1.09B | 1.10B |
| Unlevered Free Cash Flow | 1.81B | 1.53B | 1.62B | 1.58B | 1.15B | 1.15B |
| Cash Interest Paid | 106.20M | 106.20M | 101.60M | 100.80M | 111.50M | 97.80M |
| Cash Income Tax Paid | 402.10M | 402.10M | 291.90M | 208.50M | ||
| Change in Working Capital | -323.15M | -422.70M | -243.74M | -48.04M | -307.98M | -216.97M |
Ratios
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 87.29B | 68.52B | 91.46B | 68.79B | 48.02B | 40.76B |
| Enterprise Value | 89.63B | 71.25B | 93.91B | 71.33B | 50.85B | 43.76B |
| Last Close Price | 219.82 | 170.82 | 223.79 | 166.20 | 114.65 | 95.74 |
| PE Ratio | 43.36 | 34.37 | 50.64 | 43.94 | 35.77 | 33.15 |
| Forward PE | 38.56 | 32.36 | 48.07 | 42.03 | 33.93 | 33.34 |
| PS Ratio | 7.55 | 6.08 | 8.85 | 7.17 | 5.45 | 5.19 |
| PB Ratio | 16.87 | 13.33 | 19.52 | 15.94 | 12.43 | 12.32 |
| P/TBV Ratio | 63.12 | 60.98 | 137.02 | 134.15 | 214.61 | |
| P/FCF Ratio | 42.92 | 36.42 | 52.05 | 41.46 | 38.26 | 31.43 |
| P/OCF Ratio | 35.86 | 30.10 | 42.23 | 33.26 | 30.27 | 26.51 |
| PEG Ratio | 3.29 | 2.87 | 3.94 | 3.50 | 2.96 | 3.10 |
| EV/Sales Ratio | 7.75 | 6.33 | 9.08 | 7.43 | 5.77 | 5.57 |
| EV/EBITDA Ratio | 28.87 | 23.79 | 34.56 | 29.75 | 24.18 | 23.32 |
| EV/EBIT Ratio | 32.83 | 27.18 | 39.80 | 34.48 | 28.21 | 27.57 |
| EV/FCF Ratio | 44.08 | 37.88 | 53.45 | 42.99 | 40.51 | 33.74 |
| Debt / Equity Ratio | 0.52 | 0.53 | 0.57 | 0.62 | 0.69 | 0.90 |
| Debt / EBITDA Ratio | 0.84 | 0.87 | 0.95 | 1.08 | 1.22 | 1.52 |
| Debt / FCF Ratio | 1.33 | 1.44 | 1.51 | 1.61 | 2.13 | 2.29 |
| Net Debt / Equity Ratio | 0.45 | 0.47 | 0.51 | 0.54 | 0.66 | 0.87 |
| Net Debt / EBITDA Ratio | 0.76 | 0.81 | 0.88 | 0.97 | 1.21 | 1.53 |
| Net Debt / FCF Ratio | 1.15 | 1.28 | 1.36 | 1.40 | 2.03 | 2.22 |
| Asset Turnover | 1.13 | 1.11 | 1.09 | 1.08 | 1.06 | 0.96 |
| Inventory Turnover | 3.37 | 3.36 | 3.40 | 3.31 | 3.19 | 3.15 |
| Quick Ratio | 0.72 | 0.69 | 1.02 | 0.87 | 1.04 | 0.78 |
| Current Ratio | 1.45 | 1.43 | 2.09 | 1.74 | 2.39 | 1.84 |
| Return on Equity (ROE) | 41.38% | 40.71% | 40.27% | 38.42% | 37.59% | 35.33% |
| Return on Assets (ROA) | 16.66% | 16.10% | 15.53% | 14.60% | 13.50% | 12.11% |
| Return on Invested Capital (ROIC) | 28.65% | 28.61% | 27.54% | 25.24% | 22.79% | 21.53% |
| Return on Capital Employed (ROCE) | 34.30% | 33.40% | 28.80% | 28.20% | 24.60% | 23.60% |
| Earnings Yield | 2.31% | 2.92% | 1.98% | 2.28% | 2.81% | 3.03% |
| FCF Yield | 2.33% | 2.74% | 1.92% | 2.41% | 2.61% | 3.18% |
| Dividend Yield | 0.95% | 1.05% | 0.69% | 0.80% | 0.97% | 0.95% |
| Payout Ratio | 38.26% | 35.08% | 33.75% | 33.78% | 33.38% | 30.35% |
| Buyback Yield / Dilution | 1.23% | 1.00% | 0.77% | 0.01% | 2.03% | 2.03% |
| Total Shareholder Return | 2.18% | 2.05% | 1.46% | 0.80% | 3.01% | 2.98% |