CTAS
CTAS
Cintas CorporationIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2026 | $2.8B ▲ | $756.77M ▲ | $495.34M ▲ | 17.69% ▼ | $1.23 ▲ | $656.58M ▼ |
| Q1-2026 | $2.72B ▲ | $748.7M ▲ | $491.14M ▲ | 18.07% ▲ | $1.21 ▲ | $746M ▲ |
| Q4-2025 | $2.67B ▲ | $728.54M ▲ | $448.26M ▼ | 16.8% ▼ | $1.11 ▼ | $721.36M ▼ |
| Q3-2025 | $2.61B ▲ | $709.49M ▲ | $463.5M ▲ | 17.76% ▲ | $1.14 ▲ | $740.28M ▼ |
| Q2-2025 | $2.56B | $685.31M | $448.5M | 17.51% | $1.11 | $747.33M |
What's going well?
Revenue and profit continue to grow steadily, with operating margins inching higher. Costs are well controlled, and there are no one-time charges distorting results.
What's concerning?
Interest expense is rising, which could become a bigger issue if debt increases. Growth is steady but not accelerating, so investors looking for rapid expansion may be underwhelmed.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2026 | $200.84M ▲ | $10.13B ▲ | $5.68B ▲ | $4.46B ▼ |
| Q1-2026 | $138.14M ▼ | $9.84B ▲ | $5.08B ▼ | $4.76B ▲ |
| Q4-2025 | $263.97M ▲ | $9.83B ▲ | $5.14B ▲ | $4.68B ▲ |
| Q3-2025 | $243.43M ▲ | $9.61B ▲ | $5.02B ▼ | $4.59B ▲ |
| Q2-2025 | $122.39M | $9.37B | $5.07B | $4.29B |
What's financially strong about this company?
The company has a long track record of profits, a healthy amount of equity, and enough current assets to cover near-term bills. They are also actively buying back shares, showing confidence in their future.
What are the financial risks or weaknesses?
Cash is low compared to debt, and debt levels are rising faster than equity. A large chunk of assets is goodwill, which could be written down if acquisitions disappoint.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2026 | $495.34M ▲ | $531.22M ▲ | $-192.85M ▼ | $-275.01M ▲ | $62.7M ▲ | $424.97M ▲ |
| Q1-2026 | $491.14M ▲ | $414.48M ▼ | $-116.23M ▲ | $-424M ▲ | $-125.83M ▼ | $312.52M ▼ |
| Q4-2025 | $448.26M ▼ | $635.75M ▲ | $-149.27M ▼ | $-468.43M ▼ | $20.55M ▼ | $521.13M ▼ |
| Q3-2025 | $463.5M ▲ | $622.02M ▲ | $-125.37M ▲ | $-373.64M ▼ | $121.03M ▲ | $522.1M ▲ |
| Q2-2025 | $448.5M | $441.4M | $-234.67M | $-184.15M | $21.02M | $339.99M |
What's strong about this company's cash flow?
CTAS produces more cash than it reports in profits, with operating cash flow and free cash flow both rising sharply. The company is able to return large amounts to shareholders through dividends and buybacks.
What are the cash flow concerns?
Working capital is a consistent drag, and the company is returning more cash to shareholders than it generates, relying on new debt to make up the difference. Cash cushion is adequate but not large.
Revenue by Products
| Product | Q3-2025 | Q4-2025 | Q1-2026 | Q2-2026 |
|---|---|---|---|---|
Fire Protection Services | $200.00M ▲ | $420.00M ▲ | $220.00M ▼ | $220.00M ▲ |
First Aid and Safety Services | $300.00M ▲ | $620.00M ▲ | $330.00M ▼ | $340.00M ▲ |
Uniform Direct Sales | $80.00M ▲ | $170.00M ▲ | $70.00M ▼ | $80.00M ▲ |
Uniform Rental and Facility Services | $2.02Bn ▲ | $2.03Bn ▲ | $2.09Bn ▲ | $2.16Bn ▲ |
Q2 2026 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Cintas Corporation's financial evolution and strategic trajectory over the past five years.
The company’s main strengths are its consistent revenue growth, steadily improving profit margins, and strong, reliable cash generation. It holds a leading market position with a broad, diversified service offering that creates high customer stickiness and meaningful cross-selling potential. The balance sheet is sound, with growing equity and manageable debt, and cash flows are sufficient to support both sizeable shareholder returns and meaningful reinvestment. Operational execution and cost control have been strong, as shown by rising margins despite increased investment.
Key risks include periods of tight or volatile liquidity due to heavy capital spending, acquisitions, and shareholder distributions. The business is also exposed to economic cycles, particularly in small and mid-sized business customers, and to competition from both large national peers and nimble regional players. Acquisition-driven growth, including any large proposed deals, brings integration, cultural, and execution risks. Rising overhead, wage inflation, and regulatory or compliance costs could put pressure on margins if not offset by further efficiency gains.
Based on recent trends, the outlook appears constructive: revenue is growing at a healthy pace, margins are expanding, and cash generation is robust enough to fund both growth initiatives and capital returns. Continued investment in technology, service innovation, and acquisitions should provide additional avenues for expansion if executed well. The company’s entrenched market position and scale give it resilience, but sustaining its current trajectory will require ongoing discipline in capital allocation, integration of acquisitions, and management of economic and competitive pressures.
About Cintas Corporation
https://www.cintas.comCintas Corporation provides 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.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2026 | $2.8B ▲ | $756.77M ▲ | $495.34M ▲ | 17.69% ▼ | $1.23 ▲ | $656.58M ▼ |
| Q1-2026 | $2.72B ▲ | $748.7M ▲ | $491.14M ▲ | 18.07% ▲ | $1.21 ▲ | $746M ▲ |
| Q4-2025 | $2.67B ▲ | $728.54M ▲ | $448.26M ▼ | 16.8% ▼ | $1.11 ▼ | $721.36M ▼ |
| Q3-2025 | $2.61B ▲ | $709.49M ▲ | $463.5M ▲ | 17.76% ▲ | $1.14 ▲ | $740.28M ▼ |
| Q2-2025 | $2.56B | $685.31M | $448.5M | 17.51% | $1.11 | $747.33M |
What's going well?
Revenue and profit continue to grow steadily, with operating margins inching higher. Costs are well controlled, and there are no one-time charges distorting results.
What's concerning?
Interest expense is rising, which could become a bigger issue if debt increases. Growth is steady but not accelerating, so investors looking for rapid expansion may be underwhelmed.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2026 | $200.84M ▲ | $10.13B ▲ | $5.68B ▲ | $4.46B ▼ |
| Q1-2026 | $138.14M ▼ | $9.84B ▲ | $5.08B ▼ | $4.76B ▲ |
| Q4-2025 | $263.97M ▲ | $9.83B ▲ | $5.14B ▲ | $4.68B ▲ |
| Q3-2025 | $243.43M ▲ | $9.61B ▲ | $5.02B ▼ | $4.59B ▲ |
| Q2-2025 | $122.39M | $9.37B | $5.07B | $4.29B |
What's financially strong about this company?
The company has a long track record of profits, a healthy amount of equity, and enough current assets to cover near-term bills. They are also actively buying back shares, showing confidence in their future.
What are the financial risks or weaknesses?
Cash is low compared to debt, and debt levels are rising faster than equity. A large chunk of assets is goodwill, which could be written down if acquisitions disappoint.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2026 | $495.34M ▲ | $531.22M ▲ | $-192.85M ▼ | $-275.01M ▲ | $62.7M ▲ | $424.97M ▲ |
| Q1-2026 | $491.14M ▲ | $414.48M ▼ | $-116.23M ▲ | $-424M ▲ | $-125.83M ▼ | $312.52M ▼ |
| Q4-2025 | $448.26M ▼ | $635.75M ▲ | $-149.27M ▼ | $-468.43M ▼ | $20.55M ▼ | $521.13M ▼ |
| Q3-2025 | $463.5M ▲ | $622.02M ▲ | $-125.37M ▲ | $-373.64M ▼ | $121.03M ▲ | $522.1M ▲ |
| Q2-2025 | $448.5M | $441.4M | $-234.67M | $-184.15M | $21.02M | $339.99M |
What's strong about this company's cash flow?
CTAS produces more cash than it reports in profits, with operating cash flow and free cash flow both rising sharply. The company is able to return large amounts to shareholders through dividends and buybacks.
What are the cash flow concerns?
Working capital is a consistent drag, and the company is returning more cash to shareholders than it generates, relying on new debt to make up the difference. Cash cushion is adequate but not large.
Revenue by Products
| Product | Q3-2025 | Q4-2025 | Q1-2026 | Q2-2026 |
|---|---|---|---|---|
Fire Protection Services | $200.00M ▲ | $420.00M ▲ | $220.00M ▼ | $220.00M ▲ |
First Aid and Safety Services | $300.00M ▲ | $620.00M ▲ | $330.00M ▼ | $340.00M ▲ |
Uniform Direct Sales | $80.00M ▲ | $170.00M ▲ | $70.00M ▼ | $80.00M ▲ |
Uniform Rental and Facility Services | $2.02Bn ▲ | $2.03Bn ▲ | $2.09Bn ▲ | $2.16Bn ▲ |
Q2 2026 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Cintas Corporation's financial evolution and strategic trajectory over the past five years.
The company’s main strengths are its consistent revenue growth, steadily improving profit margins, and strong, reliable cash generation. It holds a leading market position with a broad, diversified service offering that creates high customer stickiness and meaningful cross-selling potential. The balance sheet is sound, with growing equity and manageable debt, and cash flows are sufficient to support both sizeable shareholder returns and meaningful reinvestment. Operational execution and cost control have been strong, as shown by rising margins despite increased investment.
Key risks include periods of tight or volatile liquidity due to heavy capital spending, acquisitions, and shareholder distributions. The business is also exposed to economic cycles, particularly in small and mid-sized business customers, and to competition from both large national peers and nimble regional players. Acquisition-driven growth, including any large proposed deals, brings integration, cultural, and execution risks. Rising overhead, wage inflation, and regulatory or compliance costs could put pressure on margins if not offset by further efficiency gains.
Based on recent trends, the outlook appears constructive: revenue is growing at a healthy pace, margins are expanding, and cash generation is robust enough to fund both growth initiatives and capital returns. Continued investment in technology, service innovation, and acquisitions should provide additional avenues for expansion if executed well. The company’s entrenched market position and scale give it resilience, but sustaining its current trajectory will require ongoing discipline in capital allocation, integration of acquisitions, and management of economic and competitive pressures.

CEO
Todd M. Schneider
Compensation Summary
(Year 2025)
Upcoming Earnings
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2024-09-12 | Forward | 4:1 |
| 2000-03-08 | Forward | 3:2 |
ETFs Holding This Stock
Summary
Showing Top 3 of 755
Ratings Snapshot
Rating : B
Most Recent Analyst Grades
Wells Fargo
Overweight
Citigroup
Sell
UBS
Buy
RBC Capital
Sector Perform
Baird
Neutral
Morgan Stanley
Equal Weight
Grade Summary
Showing Top 6 of 10
Price Target
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Summary
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