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CTAS

Cintas Corporation

CTAS

Cintas Corporation • NASDAQ
$186.02 ▲ 0.77% (+1.42)
Market Cap $75.06 B
52w High $229.24
52w Low $180.39
Dividend Yield 1.68%
P/E 41.34
Volume 738.75K
Outstanding Shares 403.51M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $2.718B ▲ $748.702M ▲ $491.14M ▲ 18.069% ▲ $1.22 ▲ $746.005M ▲
Q4-2025 $2.668B ▲ $728.537M ▲ $448.256M ▼ 16.803% ▼ $1.11 ▼ $721.364M ▼
Q3-2025 $2.609B ▲ $709.488M ▲ $463.497M ▲ 17.764% ▲ $1.14 ▲ $740.285M ▼
Q2-2025 $2.562B ▲ $685.313M ▼ $448.495M ▼ 17.507% ▼ $1.11 ▼ $747.333M ▲
Q1-2025 $2.502B $691.1M $452.033M 18.07% $1.12 $679.521M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $138.143M ▼ $9.838B ▲ $5.082B ▼ $4.756B ▲
Q4-2025 $263.973M ▲ $9.825B ▲ $5.141B ▲ $4.684B ▲
Q3-2025 $243.428M ▲ $9.611B ▲ $5.019B ▼ $4.592B ▲
Q2-2025 $122.395M ▲ $9.367B ▲ $5.073B ▲ $4.293B ▲
Q1-2025 $101.373M $9.069B $5.047B $4.021B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $491.14M ▲ $414.481M ▼ $-116.227M ▲ $-424.001M ▲ $-125.83M ▼ $312.524M ▼
Q4-2025 $448.256M ▼ $635.749M ▲ $-149.266M ▼ $-468.43M ▼ $20.545M ▼ $521.125M ▼
Q3-2025 $463.497M ▲ $622.02M ▲ $-125.369M ▲ $-373.636M ▼ $121.033M ▲ $522.097M ▲
Q2-2025 $448.495M ▼ $441.404M ▼ $-234.671M ▼ $-184.153M ▲ $21.022M ▲ $339.988M ▼
Q1-2025 $452.033M $466.732M $-114.332M $-592.792M $-240.642M $373.811M

Revenue by Products

Product Q2-2025Q3-2025Q4-2025Q1-2026
Fire Protection Services
Fire Protection Services
 $190.00M ▲$200.00M ▲$420.00M ▲$220.00M ▼
First Aid and Safety Services
First Aid and Safety Services
 $300.00M ▲$300.00M ▲$620.00M ▲$330.00M ▼
Uniform Direct Sales
Uniform Direct Sales
 $80.00M ▲$80.00M ▲$170.00M ▲$70.00M ▼
Uniform Rental and Facility Services
Uniform Rental and Facility Services
 $1.99Bn ▲$2.02Bn ▲$2.03Bn ▲$2.09Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Cintas’s income statement tells a story of steady, disciplined growth. Revenue has climbed each year, and profits have grown even faster than sales, suggesting the company is getting more efficient over time. Both operating profit and net profit have expanded consistently, indicating strong pricing power, good cost control, and benefits from scale. Earnings per share have risen in a smooth, almost stair-step fashion, which points to a mature, well-managed business rather than a volatile one. The main watchpoint is that this kind of strong run sets a high bar to keep improving from here, especially if the economy slows or customer hiring and activity levels weaken.

Balance Sheet

Balance Sheet The balance sheet looks solid and gradually strengthening. Total assets have inched up over time, and shareholders’ equity has grown steadily, which means the company is building its financial base. Debt has stayed fairly stable rather than ballooning, so leverage does not appear aggressive. Cash on hand is relatively modest, but the strength of recurring cash flow helps offset that. Overall, Cintas looks more like a company that funds growth through ongoing profitability and disciplined borrowing, rather than one that is stretching its balance sheet to chase expansion. The key risk would be a sharp downturn that pressures cash if the company prefers to operate with a lean cash buffer.

Cash Flow

Cash Flow Cash flow is a clear strength. Cash generated from operations has risen year after year, closely tracking and slightly outpacing profit growth. Free cash flow remains comfortably positive even after increased investment in facilities, trucks, and technology. Capital spending has been rising, but not in a way that strains the company; it looks more like steady reinvestment to support growth and efficiency. The pattern suggests a business that converts a good portion of its earnings into cash and still has room to fund dividends, buybacks, or debt reduction if desired. The main thing to monitor is whether future investments—such as new technology or fleet changes—continue to earn strong returns and keep this cash engine humming.

Competitive Edge

Competitive Edge Cintas sits in a very strong competitive position built around scale, dense delivery routes, and deeply integrated customer relationships. Its route-based network creates cost advantages that smaller rivals struggle to match, especially when trucks are visiting many nearby customers on the same day. The company bundles multiple services—uniforms, facility services, safety supplies, and more—so customers rely on Cintas for a broad slice of their day-to-day operations. That makes it inconvenient and risky for them to switch providers. Longstanding brand recognition and expertise in safety and regulatory compliance further strengthen trust. While competition in business services is always present, Cintas’s combination of scale, service breadth, and embedded customer processes gives it a wide and durable moat, though it must keep innovating to prevent erosion at the edges.

Innovation and R&D

Innovation and R&D Cintas is not a classic lab-heavy R&D company, but it invests actively in practical, operations-focused innovation. Its SmartTruck telematics system improves route efficiency, safety, and fuel usage—small gains at the route level that add up at company scale. The AI-powered internal knowledge center aims to make frontline staff faster and more accurate, which can lift service quality and reduce training time. Customer tools like myCintas and advanced inventory tracking systems tighten the service experience and reduce errors. Inside its plants, automation and sorting technologies boost throughput and consistency. On top of that, the company is experimenting with electric vehicles and pushing sustainability goals, while also refreshing its product lines with performance fabrics, eco-friendly materials, and automated garment dispensing. The overall picture is of a company using technology and product design to deepen its moat and squeeze more value out of an already strong business model.

Summary

Taken together, Cintas looks like a mature, well-run service company with a wide moat and a long record of steady improvement. Revenue, margins, and cash flow have all trended upward in a consistent way, and the balance sheet shows measured use of debt and growing equity. Operationally, dense routes, bundled services, and regulatory expertise create sticky customer relationships and support above-average profitability. The company appears to be leaning into technology, data, and sustainability to both protect and extend its advantages. Key things to watch include how well Cintas handles economic slowdowns, maintains its high service standards at scale, and proves out newer investments like AI tools and electric vehicles. The overarching narrative is one of durable strength with an ongoing need to execute carefully to sustain its impressive track record.

NEWS

October 28, 2025 · 2:00 PM UTC

Cintas Corporation Announces Quarterly Cash Dividend and New $1.0 Billion Stock Buyback Authorization

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October 22, 2025 · 9:00 AM UTC

Cintas Corporation to Participate in Upcoming Investor Conference

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October 8, 2025 · 10:12 AM UTC

Cintas Celebrates Bear Head Lake State Park as 2025 America's Best Restroom®

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September 24, 2025 · 8:30 AM UTC

Cintas Corporation Announces Fiscal 2026 First Quarter Results

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September 22, 2025 · 11:52 AM UTC

Cintas Named One of the World's Most Trustworthy Companies by Newsweek

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