CTAS - Cintas Corporation Stock Analysis | Stock Taper
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Cintas Corporation

CTAS

Cintas Corporation NASDAQ
$201.13 1.44% (+2.85)

Market Cap $80.83 B
52w High $229.24
52w Low $180.39
Dividend Yield 0.90%
Frequency Quarterly
P/E 43.44
Volume 1.83M
Outstanding Shares 401.87M

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 Q3-2025Q4-2025Q1-2026Q2-2026
Fire Protection Services
Fire Protection Services
$200.00M $420.00M $220.00M $220.00M
First Aid and Safety Services
First Aid and Safety Services
$300.00M $620.00M $330.00M $340.00M
Uniform Direct Sales
Uniform Direct Sales
$80.00M $170.00M $70.00M $80.00M
Uniform Rental and Facility Services
Uniform Rental and Facility Services
$2.02Bn $2.03Bn $2.09Bn $2.16Bn

Q2 2026 Earnings Call Summary

Read Call Summary

5-Year Trend Analysis

A comprehensive look at Cintas Corporation's financial evolution and strategic trajectory over the past five years.

+ Strengths

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.

! Risks

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.

Outlook

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.