— Know what they know.
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Not Investment Advice

CTAS

NASDAQ · USD
Cintas Corporation
Industrials · Specialty Business Services
CEO Todd Schneider Employees 48,100 R&D / revenue 0.0%
Last price
$213.69+0.30%last session
Market cap
$84.9B
P/E (TTM)
41.7x
From 52w high
−2.5%
From 52w low
+32.6%
1-year return
+17.1%
RSI 14 · vs SMA200
71.7 · +13.6%
IS score
70.8/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

CTAS   SPY   XLI (sector ETF) · weekly closes
90100110120Jan 26Apr 26Jul 26Oct 26CTAS 117SPY 116XLI 111

Score DNA

Each bar is a 0-100 score within the scored universe
84
Profitability
58
Growth
33
Value
80
Momentum
100
Risk (safety)
88
Quality
67
Balance sheet
77
Earnings quality

Flags

Strengths
✓ Piotroski 8+✓ Congress buying
Warnings
None of the computed warning flags fires for CTAS (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Wide, Switching CostsPiotroski 8 / 9Altman Z 12.8Beta 0.913 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
3 open-market sales, $3.6M
Form 144 notices (12m): 3, $3.6M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
1
Last disclosed purchase 2026-06-02
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
−5
145 new holders, 136 closed
1,436 filers hold 68.4% · 510 added, 587 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+256
1,283 funds adding shares
1,027 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
57.8%
20-day avg 60.7%, 50-day avg 61.9%
Latest 2.9 pp under its 20-day average · a flow, not short interest

Key financials · FY2026

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$11.3B
Revenue growth YoY+8.9%
Gross margin50.5%
Operating income$2.6B
Operating margin23.1%
Net income$2.0B
Net margin17.8%
EPS (diluted)$4.91
Cash flow
Operating cash flow$2.3B
Capital expenditure$395.1M
Free cash flow$1.9B
FCF conversion (FCF / OCF)82.6%
Stock-based compensation$128.1M
FCF less SBC$1.8B
Buybacks$952.1M
Dividends$701.5M
Balance sheet & returns
Cash & short-term investments$289.0M
Total debt$2.4B
Net debt$2.1B
Shareholders' equity$5.1B
Goodwill & intangibles$3.8B
Debt / equity0.52
ROE (TTM)42.1%
ROIC (TTM)23.8%
Operating margin by fiscal year
20.2%FY202220.4%FY202321.6%FY202422.8%FY202523.1%FY2026
Revenue $7.9B (FY2022) to $11.3B (FY2026), a 9.4% CAGR.

Valuation

P/E (TTM)41.7x
EV / EBITDA27.1x
Price / sales7.34x
Price / FCF41.7x
FCF yield2.40%
Buyback yield1.12%
SBC / revenue1.1%
Price / book16.43x
Forward P/E FY202738.5x
Forward P/E FY202834.6x
Forward multiples divide today's price by Street EPS estimates. Street mean target $231.00 across 2 analysts last quarter is theirs, not ours.

CTAS vs industry median

186 companies in Specialty Business Services
Gross margin 51.0% 33.3% Operating margin 23.4% 4.4% Net margin 17.8% 1.7% ROIC 23.8% 8.4%
CTAS (TTM)Industry median Asset turnover 1.09 vs industry 0.78 · financial leverage 2.05

Earnings delivery

Next report 2026-12-17 · consensus EPS $1.36
83%
beat rate, 10 of 12 quarters
+2.6%
median EPS surprise
7
longest beat streak
+2+3-73+5+16+8+6+2+1+1+0+3
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-09-26 to 2026-09-23. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
CTAS Cintas Corporation $84.9B41.7x42.1%17.8%+8.9% +17.1%
TRI Thomson Reuters Corporation $47.2B29.1x14.0%22.9%+7.0% −30.0%
CPRT Copart, Inc. $25.8B17.9x16.2%28.4%+0.4% −36.7%
ROL Rollins, Inc. $16.1B30.4x37.0%13.3%+9.9% −38.6%
RBA RB Global, Inc. $15.6B36.0x8.1%10.9%+10.1% −15.7%
ULS UL Solutions Inc. $14.8B29.2x37.5%30.1%+6.6% —
ARMK Aramark $14.6B37.9x11.8%1.9%+11.3% —
RTO Rentokil Initial plc $10.6B22.4x16.0%5.5%+29.4% —
12-month window: SPY +15.9%, sector ETF XLI +10.7%. Past returns describe history only.

Recent 8-K filings

2026-10-06Other Events
2026-09-23Earnings Release; Exhibits
2026-08-27Officer/Director Change
2026-08-03Officer/Director Change; Exhibits
2026-07-15Earnings Release; Exhibits
2026-06-12Other Events

Context

Shares outstanding397,075,113
Free float85.6%
Institutional ownership68.4%
Beta0.91
Dividend yield0.88%
Last dividend$0.52 on 2026-08-14
50 / 200-day average$200.82 / $188.67
Large-cap Industrials median P/E29.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Wide).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where CTAS sits among 30 scored companies in Specialty Business Services (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureCTASIndustry medianIndustry percentileSector median
P/E (TTM) 41.2x 25.7x
80th		 25.4x
PEG (P/E ÷ 3-yr EPS CAGR) 2.71 1.39
82nd		 1.42
Price / sales 7.3x 1.9x
97th		 2.0x
Price / book 16.3x 2.6x
100th		 2.9x
Price / tangible book 59.0x 6.4x
91st		 5.6x
Price / free cash flow 41.7x 14.7x
92nd		 20.8x
Price / operating cash flow 34.9x 11.7x
96th		 14.5x
Enterprise value $87.3B $4.0B
100th		 $4.8B
EV / sales 7.6x 2.6x
97th		 2.4x
EV / EBITDA 27.1x 12.5x
93rd		 13.6x
EV / EBIT 32.3x 18.1x
85th		 19.9x
EV / free cash flow 42.9x 17.4x
88th		 24.3x
Earnings yield 2.4% 3.4%
31st		 3.3%
FCF yield 2.4% 6.6%
17th		 3.8%
Operating cash flow yield 2.9% 8.2%
7th		 6.2%
Graham number (per share) $38.42 $20.85
73rd		 $38.21

Profitability (TTM)

MeasureCTASIndustry medianIndustry percentileSector median
Gross margin 51.0% 39.3%
72nd		 30.5%
EBITDA margin 27.8% 18.4%
79th		 14.3%
Operating margin 23.4% 10.3%
90th		 9.8%
EBIT margin 23.4% 10.5%
86th		 9.9%
Net margin 17.8% 5.3%
90th		 6.0%
NOPAT margin 18.5% 7.5%
90th		 7.8%
FCF margin 17.6% 10.9%
79th		 7.0%
Operating cash flow margin 21.1% 13.4%
71st		 11.2%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 27.4% 18.2%
66th		 14.1%
Stock comp / revenue 1.1% 1.0%
55th		 0.6%
Effective tax rate 20.7% 23.4%
21st		 21.0%

Returns on capital

MeasureCTASIndustry medianIndustry percentileSector median
ROE (on average equity) 41.4% 12.6%
100th		 11.9%
ROA 20.1% 4.0%
97th		 4.8%
ROIC 27.9% 8.3%
89th		 8.7%
ROCE 34.0% 9.7%
100th		 9.4%
Return on tangible assets 26.4% 7.3%
100th		 7.9%
Cash ROIC (OCF / invested capital) 31.7% 13.7%
82nd		 12.8%
Gross profitability (GP / assets) 55.3% 19.9%
86th		 19.2%
ROIC, 3-yr average 22.7% 5.1%
88th		 7.8%
ROIC, 5-yr average 24.3% 7.0%
83rd		 8.6%
ROE, 5-yr average 38.4% 10.8%
100th		 12.5%
Incremental ROIC 138.8% 19.8%
89th		 20.5%

Growth

MeasureCTASIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 9.5% 9.8%
46th		 8.6%
Revenue growth (QoQ) 3.7% 3.7%
50th		 9.9%
Revenue CAGR, 3 yr 8.7% 6.5%
60th		 5.0%
Revenue CAGR, 5 yr 9.7% 9.6%
52nd		 8.3%
Gross profit CAGR, 3 yr 11.2% 8.2%
60th		 6.5%
Operating income CAGR, 3 yr 13.2% 8.8%
65th		 6.4%
Net income growth (TTM YoY) 11.3% 16.2%
40th		 11.3%
Net income CAGR, 3 yr 14.3% 6.2%
61st		 6.6%
EPS growth (TTM YoY) 12.7% 16.0%
40th		 13.3%
EPS CAGR, 3 yr 15.2% 6.7%
61st		 5.6%
EPS CAGR, 5 yr 13.6% 8.0%
82nd		 8.3%
FCF growth (TTM YoY) 19.9% 19.9%
50th		 14.7%
FCF CAGR, 3 yr 17.0% 21.6%
45th		 12.2%
Operating cash flow CAGR, 3 yr 14.1% 12.9%
52nd		 8.8%
Book value CAGR, 3 yr 9.4% 4.6%
67th		 7.3%
Dividend CAGR, 3 yr 5.6% 3.3%
80th		 2.7%
Sustainable growth rate 26.8% 7.0%
91st		 11.0%

Margin history & stability

MeasureCTASIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 49.8% 43.6%
73rd		 30.6%
Operating margin, 3-yr average 22.7% 9.5%
88th		 10.0%
Net margin, 3-yr average 17.4% 6.1%
92nd		 6.2%
FCF margin, 3-yr average 17.4% 10.9%
85th		 7.1%
Revenue stability (0-1) 1.00 0.93
100th		 0.81
Earnings stability (0-1) 0.98 0.31
96th		 0.47
Margin stability (0-1) 0.96 0.91
81st		 0.90

Liquidity (latest quarter)

MeasureCTASIndustry medianIndustry percentileSector median
Cash & short-term investments $243.6M $166.3M
62nd		 $249.6M
Net cash (− = net debt) −$2.5B −$1.0B
10th		 −$666.5M
Working capital $1.2B $193.1M
97th		 $376.4M
Current ratio 1.45 1.42
56th		 1.79
Quick ratio 1.29 1.36
48th		 1.33
Cash ratio (cash + ST investments / current liabilities) 0.09 0.18
22nd		 0.32
Defensive interval (days) 209 days 435 days
21st		 614 days

Leverage & solvency (latest quarter)

MeasureCTASIndustry medianIndustry percentileSector median
Total debt $2.7B $1.2B
86th		 $919.8M
Debt / equity 0.52 0.52
50th		 0.65
Net debt / equity 0.47 0.47
50th		 0.46
Debt / assets 25.5% 28.7%
45th		 29.3%
Debt / capital 34.3% 34.3%
50th		 39.5%
Debt / EBITDA 0.84 2.41
29th		 2.44
Net debt / EBITDA 0.77 1.76
36th		 1.86
Interest coverage (EBIT / interest) 25.3x 2.9x
100th		 5.0x
Cash interest coverage 22.8x 4.2x
88th		 6.1x
Debt payback (years of OCF) 1.1 yrs 3.5 yrs
32nd		 3.2 yrs
Liabilities / assets 51.1% 51.4%
45th		 56.7%
IS credit model rating AAA — —
Implied credit spread (bps) 50 288
0th		 200

Efficiency

MeasureCTASIndustry medianIndustry percentileSector median
Asset turnover 1.13 0.76
76th		 0.75
Fixed asset turnover 5.66 7.16
31st		 5.14
Inventory turnover 12.8 16.8
36th		 5.0
Receivables turnover 7.7 7.1
61st		 6.7
Days sales outstanding 47 days 52 days
41st		 54 days
Days inventory outstanding 28 days 22 days
64th		 72 days
Days payables outstanding 31 days 31 days
50th		 41 days
Cash conversion cycle (days) 45 days 26 days
75th		 63 days
Capex / revenue 3.5% 3.5%
50th		 3.0%
Capex / depreciation 0.78 0.65
59th		 0.76
Operating expense ratio 27.9% 27.7%
52nd		 17.7%

Cash flow & earnings quality

MeasureCTASIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.18 2.25
8th		 1.50
FCF / net income 0.99 1.46
20th		 1.15
FCF / operating cash flow 83.5% 75.2%
74th		 74.0%
Capex / operating cash flow 16.5% 24.8%
26th		 26.1%
Accruals ratio -3.6% -5.4%
75th		 -4.0%
Sloan accruals ratio -11.3% -4.7%
10th		 -2.4%
Earnings quality score (0-1) 1.00 0.75
56th		 1.00

Dividends & buybacks

MeasureCTASIndustry medianIndustry percentileSector median
Dividend yield 0.9% 0.6%
62nd		 0.6%
Dividend per share (TTM) $1.87 $0.29
97th		 $0.44
Payout ratio (dividends / net income) 35.2% 21.7%
60th		 22.5%
Dividends / FCF 35.6% 19.5%
77th		 19.6%
Dividend growth (YoY) 16.2% 7.4%
82nd		 5.6%
Buyback yield 1.2% 1.2%
52nd		 0.5%
Shareholder yield (dividends + buybacks) 2.0% 3.1%
34th		 2.0%
Share count change (YoY) -1.2% -0.7%
43rd		 0.0%
Buybacks, last 5 years $4.9B $117.4M
97th		 $76.0M

Scores & forensic checks

MeasureCTASIndustry medianIndustry percentileSector median
IS score 71 55
90th		 53
IS profitability 84 34
100th		 37
IS growth 58 57
57th		 54
IS value 33 51
21st		 47
IS momentum 80 82
46th		 76
IS risk (safety) 100 65
68th		 80
IS quality 88 64
93rd		 67
IS balance sheet 67 48
76th		 56
IS earnings quality 77 72
79th		 70
IS cash flow 71 64
72nd		 54
Piotroski F-score (0-9) 8 6
90th		 6
Altman Z-score 12.8 2.8
96th		 3.3
Beneish M-score −2.55 −2.61
64th		 −2.52
Ohlson O-score −9.05 −7.37
19th		 −7.49
IS credit score 96 57
100th		 65

Per share

MeasureCTASIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $5.10 $1.55
89th		 $2.21
Book value per share $12.87 $12.41
57th		 $18.38
Tangible book per share $3.46 −$2.38
79th		 $4.39
Revenue per share $28.59 $26.04
57th		 $36.64
FCF per share $5.03 $2.35
75th		 $2.70
Operating cash flow per share $6.02 $3.39
71st		 $4.28
Cash per share $0.60 $2.13
21st		 $3.02

Size (TTM)

MeasureCTASIndustry medianIndustry percentileSector median
Market cap $84.9B $2.6B
100th		 $3.9B
Revenue $11.6B $2.8B
93rd		 $2.7B
EBITDA $3.2B $402.6M
97th		 $394.8M
Net income $2.1B $108.2M
100th		 $136.3M
Free cash flow $2.0B $202.4M
93rd		 $162.9M
Total assets $10.7B $3.2B
86th		 $3.5B
Shareholders' equity $5.2B $1.1B
86th		 $1.4B
Employees 48,100 10,100
89th		 6,050

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-15Tysoe Ronald W
Director
 Award / grant 102——38,940
2026-09-15Coletti Robert E.
Director
 Award / grant 30——11,393
2026-09-15Carnahan Karen L
Director
 Award / grant 18——6,834
2026-09-15Barstad Melanie W.
Director
 Award / grant 12——4,747
2026-08-10Rozakis Jim
President & COO
 Tax withholding 4,041$202.71$819,151282,322
2026-08-10Denton David Brock
EVP, Secretary & Gen Counsel
 Award / grant 5,348$202.71$1.1M31,205
2026-08-10Denton David Brock
EVP, Secretary & Gen Counsel
 Award / grant 370$202.71$75,00331,575
2026-08-10Denton David Brock
EVP, Secretary & Gen Counsel
 Tax withholding 3,479$202.71$705,22828,096
2026-08-10Denton David Brock
EVP, Secretary & Gen Counsel
 Award / grant 17,999$202.71$3.6M17,999
2026-08-10Denton David Brock
EVP, Secretary & Gen Counsel
 Award / grant 4,435$202.71$899,0194,435
2026-08-10Rozakis Jim
President & COO
 Award / grant 10,695$202.71$2.2M285,808
2026-08-10Rozakis Jim
President & COO
 Award / grant 555$202.71$112,504286,363

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunJulAugSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired22151,571$30.6M
Open-market saleDisposed318,171$3.6M
Option exerciseDisposed15,500$149,050
Option exerciseAcquired15,500$149,050
Tax withholdingDisposed1068,817$13.9M
—Disposed70—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 3 notices · 18,171 shares · $3.6M
FiledFilerShares proposedEst. proceeds
2026-07-22Tysoe Ronald W4,363$872,154
2026-07-16Barstad Melanie W.9,142$1.9M
2026-04-20Tysoe Ronald W4,666$834,591
2025-07-30Tysoe Ronald W5,084$1.1M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 3 trades (2 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-06-02Ro KhannaHousePurchase$1,001 - $15,0002026-07-08
2026-01-29Ro KhannaHouseSale$1,001 - $15,0002026-02-10
2026-01-13Ro KhannaHousePurchase$1,001 - $15,0002026-02-10
2025-09-23Val HoyleHouseSale$1,001 - $15,0002025-10-10
2024-05-03Tommy TubervilleSenateSale (Full)$1,001 - $15,0002024-06-14
2024-05-03Tommy TubervilleSenateSale (Full)$1,001 - $15,0002024-06-13
2024-05-03Thomas Hawley TubervilleSenateSale (Full)$1,001 - $15,0002024-06-13
2022-01-21Tommy TubervilleSenateSale (Full)$15,001 - $50,0002022-02-14
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.26,578,230$4.5B6.69%
VANGUARD CAPITAL MANAGEMENT LLC22,210,590$3.8B5.59%
STATE STREET CORP15,818,329$2.7B3.98%
Invesco Ltd.13,578,341$2.3B3.42%
VANGUARD PORTFOLIO MANAGEMENT LLC13,447,131$2.3B3.39%
GEODE CAPITAL MANAGEMENT, LLC9,549,575$1.6B2.40%
FMR LLC6,323,643$1.1B1.59%
PRICE T ROWE ASSOCIATES INC /MD/5,750,996$978.1M1.45%
GOLDMAN SACHS GROUP INC4,698,626$799.1M1.18%
NORGES BANK4,361,704$741.8M1.10%
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/4,252,487$723.3M1.07%
MORGAN STANLEY4,005,002$681.2M1.01%
Bank of New York Mellon Corp3,751,252$638.0M0.94%
FRANKLIN RESOURCES INC3,464,300$589.2M0.87%
NORTHERN TRUST CORP2,956,189$502.8M0.74%

Institutional ownership by quarter

2023-092026-0668.4%
% of shares held by 13F filers
2023-092026-061,436
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,43668.4%145510587136
2026-03-311,44164.8%132582525149
2025-12-311,48264.9%187504582136
2025-09-301,46762.5%104511609133
2025-06-301,52264.2%16659652798
2025-03-311,47366.2%18656052284
2024-12-311,39463.8%174530493111
2024-09-301,35463.2%1711,1561775
2024-06-301,27563.5%13048644769
2024-03-311,23364.7%13145445257
2023-12-311,17264.8%19740740156
2023-09-301,04564.2%8139437775

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-29SCHEDULE 13GVanguard Capital Management6.4%25,480,477
2026-03-26SCHEDULE 13G/AThe Vanguard Group0.0%0
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.09%$2.1B
VTSAX0.09%$2.1B
VSMPX0.09%$2.1B
VTI0.09%$2.1B
VFINX0.10%$1.8B
VFIAX0.10%$1.8B

Share structure

Shares outstanding397,075,113
Float339,889,053
Free float85.6%

Income statement

Fiscal years, USD
FY2022FY2023FY2024FY2025FY2026
Revenue$7.9B$8.8B$9.6B$10.3B$11.3B
Cost of revenue$4.2B$4.6B$4.9B$5.2B$5.6B
Gross profit$3.6B$4.2B$4.7B$5.2B$5.7B
R&D$0$0$0$30.8M$0
SG&A$2.0B$2.4B$2.6B$2.8B$3.1B
Operating income$1.6B$1.8B$2.1B$2.4B$2.6B
EBITDA$2.0B$2.2B$2.5B$2.9B$3.1B
Pretax income$1.5B$1.7B$2.0B$2.3B$2.5B
Income tax$263.0M$345.1M$402.0M$451.9M$505.4M
Net income$1.2B$1.3B$1.6B$1.8B$2.0B
EPS, diluted$2.91$3.25$3.79$4.40$4.91
Diluted shares422.1M413.5M413.5M410.3M406.2M

Balance sheet

FY2022FY2023FY2024FY2025FY2026
Cash & short-term investments$90.5M$124.1M$342.0M$264.0M$289.0M
Receivables$1.0B$1.2B$1.2B$1.4B$1.6B
Inventory$472.1M$506.6M$410.2M$447.4M$446.4M
Total current assets$1.6B$1.8B$2.1B$3.4B$3.9B
PP&E, net$1.5B$1.6B$1.7B$1.9B$1.7B
Goodwill & intangibles$3.5B$3.5B$3.7B$3.7B$3.8B
Total assets$8.4B$8.8B$9.5B$9.8B$10.5B
Accounts payable$251.5M$302.3M$339.2M$485.1M$461.2M
Total current liabilities$1.4B$1.2B$1.8B$1.6B$2.7B
Long-term debt$2.5B$2.5B$2.0B$2.4B$1.4B
Total liabilities$5.1B$5.0B$5.2B$5.1B$5.4B
Shareholders' equity$3.3B$3.9B$4.3B$4.7B$5.1B

Cash flow statement

Outflows are negative
FY2022FY2023FY2024FY2025FY2026
Net income$1.2B$1.3B$1.6B$1.8B$2.0B
Depreciation & amortization$399.7M$409.2M$442.4M$494.2M$512.8M
Stock-based compensation$109.3M$103.6M$117.0M$128.3M$128.1M
Change in working capital−$217.0M−$286.2M−$22.3M−$243.7M−$157.0M
Operating cash flow$1.5B$1.6B$2.1B$2.2B$2.3B
Capital expenditure−$240.7M−$331.1M−$409.5M−$408.9M−$395.1M
Free cash flow$1.3B$1.3B$1.7B$1.8B$1.9B
Investing cash flow−$402.6M−$388.7M−$608.6M−$623.6M−$568.4M
Net debt issued / repaid$251.7M−$50.0M−$13.4M−$53.1M$0
Buybacks−$1.5B−$398.9M−$700.0M−$934.8M−$952.1M
Dividends paid−$375.1M−$449.9M−$530.9M−$611.6M−$701.5M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2022FY2023FY2024FY2025FY2026
Gross margin46.2%47.3%48.0%50.0%50.7%
Operating margin20.2%20.4%21.6%22.8%23.1%
Net margin15.7%15.3%16.4%17.5%17.8%
FCF margin16.5%14.4%17.4%17.0%16.7%
ROE35.3%37.6%38.4%40.3%40.7%
ROIC21.2%22.4%24.8%26.7%27.5%
ROA14.6%15.6%17.2%18.8%19.7%
Debt / equity0.900.690.620.570.53
Interest coverage17.9x16.2x20.6x23.4x24.6x
Current ratio1.141.491.122.091.43
Revenue growth+10.4%+12.2%+8.9%+7.7%+8.9%
EPS growth+14.7%+10.1%+16.7%+16.3%+11.8%
P/E at year end32.6x35.5x44.0x51.0x34.6x
EV / EBITDA at year end21.7x22.7x28.3x32.8x23.0x
FCF yield at year end3.22%2.65%2.41%1.90%2.72%
Dividend payout30.4%33.4%33.8%33.7%35.1%

Revenue by segment

FY2022FY2023FY2024FY2025FY2026
Uniform Rental and Facility Services$6.2B$6.9B$7.5B$8.0B$8.6B
Other Products And Services——$2.1B——
First Aid and Safety Services$832.5M$951.5M—$1.2B$1.4B
Fire Protection Services$527.5M$627.7M—$817.5M$929.1M
Uniform Direct Sales$267.5M$339.4M—$328.6M$322.1M

Street estimates by fiscal year

Next report 2026-12-17 · consensus EPS $1.36 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$11.2B$11.2B – $11.3B$4.90$4.89 – $4.931343.7x
2027$12.2B$12.2B – $12.3B$5.54$5.48 – $5.591338.5x
2028$13.2B$13.0B – $13.3B$6.18$6.06 – $6.281334.6x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-09-23$1.35$1.39+3.0%$3.0B$3.0B+1.0%
2026-03-25$1.24$1.240.0%$2.8B$2.8B+0.7%
2025-12-18$1.20$1.21+0.8%$2.8B$2.8B+1.2%
2025-09-24$1.19$1.20+0.8%$2.7B$2.7B+0.7%
2025-07-17$1.07$1.09+1.9%$2.6B$2.7B+1.6%
2025-03-26$1.07$1.13+5.6%$2.6B$2.6B+0.5%
2024-12-19$1.01$1.09+7.9%$2.6B$2.6B−0.0%
2024-09-25$0.95$1.10+15.8%$2.5B$2.5B+0.3%
2024-07-18$0.95$1.00+5.4%$2.5B$2.5B+0.1%
2024-03-27$3.58$0.96−73.2%$2.4B$2.4B+0.7%
2023-12-21$0.87$0.90+3.4%$2.4B$2.4B−0.1%
2023-09-26$0.91$0.93+2.2%$2.3B$2.3B+0.3%
2023-07-13$0.80$0.83+3.7%$2.3B$2.3B+1.3%
2023-03-29$0.75$0.79+5.3%$2.3B$2.2B−2.9%
2022-12-21$0.76$0.78+2.6%$2.1B$2.2B+2.3%
2022-09-28$0.79$0.85+7.6%$2.1B$2.2B+3.9%
2022-07-14$0.67$0.70+4.5%$2.0B$2.1B+3.4%
2022-03-23$0.62$0.67+8.1%$1.9B$2.0B+2.9%
2021-12-22$0.65$0.69+6.2%$1.9B$1.9B+1.0%
2021-07-15$0.58$0.62+6.9%$1.8B$1.8B+0.7%
2021-03-17$0.55$0.59+7.3%$1.3B$1.8B+32.8%
2020-12-22$0.55$0.65+18.2%—$1.8B—
2020-09-23$0.54$0.69+27.8%—$1.7B—
2020-07-23$0.31$0.34+9.7%$1.5B$1.6B+11.6%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.406-150.306-220.306-290.607-061.007-130.707-200.907-270.508-030.408-100.408-170.508-240.408-31
Week ofNotionalSharesTrades
2026-08-31$394.3M1,969,21651,358
2026-08-24$458.4M2,233,77758,349
2026-08-17$436.9M2,166,16759,754
2026-08-10$397.7M1,960,84954,760
2026-08-03$547.7M2,706,28271,020
2026-07-27$880.8M4,161,67496,079

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1557.8%
DateShort shareShort volumeTotal volume
2026-10-1557.8%442,655765,613
2026-10-1444.7%448,6191,002,563
2026-10-1357.0%291,354510,891
2026-10-1266.1%372,090562,992
2026-10-0958.7%264,902451,227
2026-10-0856.4%252,010446,943
2026-10-0759.9%295,272493,312
2026-10-0653.7%218,793407,391
2026-10-0560.0%266,863445,058
2026-10-0253.7%367,160684,115
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+0.8Jan+0.4Feb+1.3Mar+1.8Apr+2.6May+0.9Jun+3.9Jul+2.3Aug+0.6Sep+0.3Oct+3.5Nov+0.5Dec
MonthAvg returnUp yearsYears
Jan+0.8%60%20
Feb+0.4%55%20
Mar+1.3%52%21
Apr+1.8%40%20
May+2.6%80%20
Jun+0.9%55%20
Jul+3.9%75%20
Aug+2.3%60%20
Sep+0.6%55%20
Oct+0.3%60%20
Nov+3.5%70%20
Dec+0.5%50%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1471.7
MFI69.4
ADX23.2
Stochastic %K / %D91.6 / 93.8
Williams %R-12.5
CCI197
TSI / signal19.7 / 3.7
Chaikin money flow0.16
ATR$3.85
Bollinger width12.1%
Volume vs 20-day avg0.96x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$200.32 (+6.7%)
SMA 50$200.99 (+6.3%)
SMA 200$188.11 (+13.6%)
EMA 21$202.66 (+5.4%)
EMA 50$199.71 (+7.0%)
EMA 200$192.27 (+11.1%)
Bollinger upper$212.40 (+0.6%)
Bollinger lower$188.23 (+13.5%)
Parabolic SAR$198.26 (+7.8%)
Open the live chart, 110+ indicators

About Cintas Corporation

Cintas Corporation specializes in supplying professional uniforms and a range of essential business services primarily across the United States, Canada, and Latin America. The company's operations are divided into three main divisions: Uniform Rental and Facility Services, First Aid and Safety Services, and an 'All Other' segment. Within its Uniform Rental and Facility Services division, Cintas offers rental and maintenance for various workwear, including flame-resistant apparel, alongside floor mats, mops, and industrial towels. This segment also manages restroom sanitation solutions, providing both cleaning services and supplies, and directly sells new uniforms. Additionally, its First Aid and Safety Services segment delivers comprehensive first aid programs, safety solutions, and fire suppression products and services. Cintas reaches its diverse clientele, ranging from small service and manufacturing businesses to large corporate entities, through an extensive distribution network, dedicated local delivery routes, and direct representatives. Established in 1968, Cintas Corporation maintains its headquarters in Cincinnati, Ohio.

https://www.cintas.com

Key executives

NameTitlePayBorn
Todd SchneiderCEO & Director$4.3M1968
James RozakisPresident & COO$2.4M1978
Scott A. GarulaExecutive Vice President & Chief Financial Officer$1.9M1972
David Brock DentonExecutive VP, Secretary & General Counsel$1.5M1975
Scott D. FarmerExecutive Chairman$813,3071959
Jared S. MattingleyVice President, Treasurer, Investor Relations & Corporate Controller——
Max LangenkampSenior Vice President of Human Resources——
William L. CroninSenior Vice President & Assistant to Chief Executive Officer——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Todd M. Schneider Chief Executive Officer2026$1.2M$7.9M$3.1M$12.2M
James N. Rozakis President and Chief Operating Officer2026$800,000$1.5M$1.6M$5.3M
Scott A. Garula Executive Vice President and Chief Financial Officer2026$650,000$1.5M$1.1M$3.3M
D. Brock Denton Executive Vice President, General Counsel and Secretary2026$579,318$728,258$900,646$3.0M
Scott D. Farmer Executive Chairman of the Board2026$750,000$179,737$0$993,044

Employees

45k201940k202040k202143k202244k202346k202448k202548k2026

Dividends

Ex-dateAmountPaid
2026-08-14$0.522026-09-15
2026-05-15$0.452026-06-15
2026-02-13$0.452026-03-13
2025-11-14$0.452025-12-15
2025-08-15$0.452025-09-15
2025-05-15$0.392025-06-13
2025-02-14$0.392025-03-14
2024-11-15$0.392024-12-13

Moat model

Wide · Switching Costs · 2026-08-31
Cost advantage64
Intangibles79
Switching costs100
Network effect70
Efficient scale100
Our component scores (0-100) and overall 83.1; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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