CINTAS CORP CTAS

Consumer discretionary SIC 2320 - Men's & Boys' Furnishgs, Work Clothg, & Allied Garments NAICS Manufacturing › Apparel Manufacturing derived Nasdaq

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.

Last close 224.10 2026-10-23
Market cap $89.68B 2026-05-31 share count
52-week range 161.16 - 225.79

Valuation FY2025 figures against the last close

P/S8.0x
P/E45.6x
P/FCF47.7x
EV/EBITDA29.4x
Dividend yield0.8%
Diluted EPS4.91

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Uniform Rental and Facility Services
  • First Aid and Safety Services
  • Fire Protection Services
  • Uniform Direct Sales
Revenue by segment, 4 categories over 3 years. The same figures are in the table below. FY2025 Uniform Rental and Facility Services, FY2025: 8.6B (76.5%) 77% Uniform Rental and Facility Services First Aid and Safety Services, FY2025: 1.4B (12.4%) 12% Fire Protection Services, FY2025: 929.1M (8.2%) 8% Uniform Direct Sales, FY2025: 322.1M (2.9%) FY2024 Uniform Rental and Facility Services, FY2024: 8B (77.1%) 77% First Aid and Safety Services, FY2024: 1.2B (11.8%) 12% Fire Protection Services, FY2024: 817.5M (7.9%) 8% Uniform Direct Sales, FY2024: 328.6M (3.2%) FY2023 Uniform Rental and Facility Services, FY2023: 7.5B (77.8%) 78% First Aid and Safety Services, FY2023: 1.1B (11.1%) 11% Fire Protection Services, FY2023: 728.6M (7.6%) 8% Uniform Direct Sales, FY2023: 335.5M (3.5%) 3%
Segment FY2025FY2024FY2023
Uniform Rental and Facility Services $8.62B $7.98B $7.47B
First Aid and Safety Services $1.39B $1.22B $1.07B
Fire Protection Services $929.1M $817.5M $728.6M
Uniform Direct Sales $322.1M $328.6M $335.5M

As the company reported it, from the “Revenue Recognition - Schedule of Disaggregated Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 4.974.483.853.3011.9210.528.368.257.784.49
EPS, diluted 4.914.403.793.2511.6510.248.117.997.564.38
Shares, diluted (wtd. avg.) 406.2M410.3M413.5M413.5M105.5M107.7M107.0M109.5M109.8M107.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 5B 10B 15B Revenue, FY2016: 5.3B Gross profit, FY2016: 2.4B Net income, FY2016: 480.7M Revenue, FY2017: 6.5B Gross profit, FY2017: 2.9B Net income, FY2017: 842.6M Revenue, FY2018: 6.9B Gross profit, FY2018: 3.1B Net income, FY2018: 885M Revenue, FY2019: 7.1B Gross profit, FY2019: 3.2B Net income, FY2019: 876M Revenue, FY2020: 7.1B Gross profit, FY2020: 3.3B Net income, FY2020: 1.1B Revenue, FY2021: 7.9B Gross profit, FY2021: 3.6B Net income, FY2021: 1.2B Revenue, FY2022: 8.8B Gross profit, FY2022: 4.2B Net income, FY2022: 1.3B Revenue, FY2023: 9.6B Gross profit, FY2023: 4.7B Net income, FY2023: 1.6B Revenue, FY2024: 10.3B Gross profit, FY2024: 5.2B Net income, FY2024: 1.8B Revenue, FY2025: 11.3B Gross profit, FY2025: 5.7B Net income, FY2025: 2B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $5.32B $6.48B $6.89B $7.09B $7.12B $7.85B $8.82B $9.60B $10.34B $11.26B
Gross profit $2.38B $2.91B $3.13B $3.23B $3.31B $3.63B $4.17B $4.69B $5.17B $5.71B
Net income $480.7M $842.6M $885.0M $876.0M $1.11B $1.24B $1.35B $1.57B $1.81B $2.00B

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 2320

TickerCompanyMarket capP/ERevenue growth
RL RALPH LAUREN CORP $22.68B 25.0x 14.6%
VFC V F CORP $6.76B 27.0x 1.1%
KTB Kontoor Brands, Inc. $4.16B 18.8x 20.9%
PVH PVH CORP. /DE/ $3.92B 163.4x 3.4%
OXM OXFORD INDUSTRIES INC $415.9M — -2.6%