CINTAS CORP CTAS
Cintas Corporation (Cintas, Company, we, us or our), a Washington corporation, helps more than one million businesses of all types and sizes, primarily in the United States (U.S.), as well as Canada and Latin America, get READY™ to open their doors with confidence every day by providing a wide range of products and services that enhance our customers' image and help keep their facilities and employees clean, safe and looking their best. With products and services including uniforms, mats, mops, shop towels, restroom supplies, workplace water services, first aid and safety products, automated external defibrillators (AEDs), eye-wash stations, safety training, fire extinguishers, sprinkler systems and alarm testing, Cintas helps customers get Ready for the Workday®. Cintas was founded in 1968 by Richard T. Farmer when he left his family's industrial laundry business in order to develop uniform programs using an exclusive new fabric. In the early 1970's, Cintas acquired the family industrial laundry business. Over the years, Cintas developed additional products and services that complemented its core uniform business and broadened the scope of products and services available to its customers.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.26B | $10.34B | $9.60B | $8.82B | $7.85B | $7.12B | $7.09B | $6.89B | $6.48B | $5.32B |
| Cost of revenue | $5.56B | $5.17B | $4.91B | $4.64B | — | — | — | — | — | — |
| Gross profit | $5.71B | $5.17B | $4.69B | $4.17B | $3.63B | $3.31B | $3.23B | $3.13B | $2.91B | $2.38B |
| SG&A | $3.09B | $2.81B | $2.62B | $2.37B | $2.04B | $1.93B | $2.07B | $1.98B | $1.92B | $1.53B |
| Operating income | $2.61B | $2.36B | $2.07B | $1.80B | $1.59B | $1.39B | $1.16B | $1.13B | $949.8M | $773.7M |
| Interest expense | $106.3M | $101.1M | $100.7M | $111.2M | $88.8M | $98.2M | $105.4M | $101.7M | $110.2M | $86.5M |
| Pre-tax income | $2.51B | $2.26B | $1.97B | $1.69B | $1.50B | $1.29B | $1.06B | $1.10B | $841.0M | $687.4M |
| Income tax | $505.4M | $451.9M | $402.0M | $345.1M | $263.0M | $176.8M | $181.9M | $219.8M | $57.1M | $230.1M |
| Net income | $2.00B | $1.81B | $1.57B | $1.35B | $1.24B | $1.11B | $876.0M | $885.0M | $842.6M | $480.7M |
| EPS, basic | 4.97 | 4.48 | 3.85 | 3.30 | 11.92 | 10.52 | 8.36 | 8.25 | 7.78 | 4.49 |
| EPS, diluted | 4.91 | 4.40 | 3.79 | 3.25 | 11.65 | 10.24 | 8.11 | 7.99 | 7.56 | 4.38 |
| Shares, diluted (wtd. avg.) | $406.2M | $410.3M | $413.5M | $413.5M | $105.5M | $107.7M | $107.0M | $109.5M | $109.8M | $107.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $289.0M | $264.0M | $342.0M | $124.1M | $90.5M | $493.6M | $145.4M | $96.6M | $138.7M | $169.3M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $22.2M |
| Receivables | $1.56B | $1.42B | $1.24B | $1.15B | $1.01B | $901.7M | $870.4M | $910.1M | $804.6M | $736.0M |
| Inventory | $446.4M | $447.4M | $410.2M | $506.6M | $472.1M | $481.8M | $408.9M | $334.6M | $280.3M | $278.2M |
| Total current assets | $3.85B | $3.44B | $3.19B | $2.94B | $2.63B | $2.84B | $2.31B | $2.24B | $1.98B | $1.95B |
| Property, plant and equipment | $1.74B | $1.65B | $1.53B | $1.40B | $1.32B | $1.32B | $1.40B | $1.43B | $1.38B | $1.32B |
| Goodwill | $3.54B | $3.40B | $3.21B | $3.06B | $3.04B | $2.91B | $2.87B | $2.84B | $2.85B | $2.78B |
| Other intangibles | $706.7M | $694.4M | $690.3M | $700.7M | $718.6M | $719.9M | $760.6M | $494.6M | $545.8M | $587.0M |
| Total assets | $10.53B | $9.83B | $9.17B | $8.55B | $8.15B | $8.24B | $7.67B | $7.44B | $6.96B | $6.84B |
| Accounts payable | $461.2M | $485.1M | $339.2M | $302.3M | $251.5M | $230.8M | $231.0M | $226.0M | $215.1M | $177.1M |
| Short-term debt | $999.0M | $0 | $449.6M | $0 | $311.6M | $899.1M | $0 | $312.3M | $0 | $362.9M |
| Total current liabilities | $2.69B | $1.64B | $1.83B | $1.23B | $1.43B | $1.93B | $885.2M | $1.13B | $775.9M | $1.13B |
| Long-term debt | $1.43B | $2.42B | $2.03B | $2.49B | $2.48B | $1.64B | $2.54B | $2.54B | $2.54B | $2.77B |
| Retained earnings | $13.07B | $11.80B | $10.62B | $9.60B | $8.72B | $7.88B | $7.30B | $6.69B | $5.84B | $5.17B |
| Total equity | $5.14B | $4.68B | $4.32B | $3.86B | $3.31B | $3.69B | $3.24B | $3.00B | $3.02B | $2.30B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.28B | $2.17B | $2.07B | $1.59B | $1.54B | $1.36B | $1.29B | $1.07B | $964.2M | $763.9M |
| Depreciation and amortisation | $512.8M | $494.2M | $442.4M | $409.2M | $399.7M | $388.0M | $379.1M | $360.1M | $279.4M | $196.6M |
| Stock-based compensation | $128.1M | $128.3M | $117.0M | $103.6M | $109.3M | $112.0M | $115.4M | $139.2M | $112.8M | $88.9M |
| Capital expenditure | $395.1M | $408.9M | $409.5M | $331.1M | $240.7M | $143.5M | $230.3M | $276.7M | $271.7M | $273.3M |
| Investing cash flow | -$568.4M | -$623.6M | -$603.3M | -$381.6M | -$402.6M | -$137.2M | -$285.4M | -$235.6M | -$135.7M | -$2.31B |
| Financing cash flow | -$1.68B | -$1.62B | -$1.25B | -$1.17B | -$1.54B | -$879.9M | -$955.2M | -$873.3M | -$864.1M | $1.58B |
| Dividends paid | $701.5M | $611.6M | $530.9M | $449.9M | $375.1M | $451.3M | $268.0M | $220.8M | $175.6M | $142.4M |
| Buybacks | $952.1M | $934.8M | $700.0M | $398.9M | $1.53B | $554.1M | $464.5M | $1.02B | $127.3M | $20.7M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000723254-26-000031.
Others in SIC 2320
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|---|---|---|---|---|
| RL | RALPH LAUREN CORP | $21.11B | 23.2x | 14.6% |
| VFC | V F CORP | $5.27B | 21.0x | 1.1% |
| KTB | Kontoor Brands, Inc. | $4.02B | 18.2x | 20.9% |
| PVH | PVH CORP. /DE/ | $3.43B | 142.9x | 3.4% |
| OXM | OXFORD INDUSTRIES INC | $462.4M | — | -2.6% |