Cintas (CTAS) Financials

$222.87 -0.16 (-0.07%)

As of 05/20/2025 04:00 PM Eastern

Annual Income Statements for Cintas

This table shows Cintas' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	5/31/2024	5/31/2023	5/31/2022	5/31/2021	5/31/2020	5/31/2019	5/31/2018	5/31/2017	5/31/2016	5/31/2015
Net Income / (Loss) Attributable to Common Shareholders	1,572	1,348	1,236	1,111	876	885	843	481	694	431
Consolidated Net Income / (Loss)	1,572	1,348	1,236	1,111	876	885	843	481	694	431
Net Income / (Loss) Continuing Operations	1,572	1,348	1,236	1,111	876	883	784	457	449	403
Total Pre-Tax Income	1,974	1,693	1,499	1,288	1,058	1,102	841	687	705	641
Total Operating Income	2,069	1,803	1,587	1,385	1,163	1,134	950	774	769	684
Total Gross Profit	4,686	4,173	3,632	3,315	3,234	3,129	2,909	2,380	2,101	1,893
Total Revenue	9,597	8,816	7,854	7,116	7,085	6,892	6,477	5,323	4,796	4,370
Operating Revenue	9,597	8,816	7,854	7,116	7,085	6,892	6,477	5,323	4,796	4,370
Total Cost of Revenue	4,910	4,642	4,222	3,802	3,851	3,764	3,568	2,943	2,694	2,477
Operating Cost of Revenue	4,910	4,642	4,222	3,802	3,851	3,764	3,568	2,943	2,694	2,477
Total Operating Expenses	2,618	2,371	2,045	1,929	2,071	1,995	1,959	1,607	1,332	1,209
Selling, General & Admin Expense	2,618	2,371	2,045	1,929	2,071	1,981	1,917	1,527	1,332	1,209
Total Other Income / (Expense), net	-95	-110	-89	-98	-104	-31	-109	-86	-64	-43
Interest Expense	101	111	89	98	105	102	110	87	65	65
Interest & Investment Income	5.74	1.72	0.24	0.47	0.99	71	1.34	0.24	0.90	22
Income Tax Expense	402	345	263	177	182	220	57	230	257	238
Basic Earnings per Share	$15.40	$13.21	$11.92	$10.52	$8.36	$8.25	$7.78	$4.49	$6.30	$3.68
Weighted Average Basic Shares Outstanding	100.77M	101.74M	101.19M	102.97M	103.50M	107.30M	108.30M	104.96M	108.22M	115.90M
Diluted Earnings per Share	$15.15	$12.99	$11.65	$10.24	$8.11	$7.99	$7.56	$4.38	$6.21	$3.63
Weighted Average Diluted Shares Outstanding	100.77M	101.74M	101.19M	102.97M	103.50M	107.30M	108.30M	104.96M	108.22M	115.90M
Weighted Average Basic & Diluted Shares Outstanding	100.77M	101.74M	101.19M	102.97M	103.50M	107.30M	108.30M	104.96M	108.22M	115.90M
Cash Dividends to Common per Share	$5.40	$4.60	$3.80	$5.01	$2.55	$2.05	$1.62	$1.33	$1.05	$1.70

This table shows Cintas' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	2/28/2025	11/30/2024	8/31/2024	5/31/2024	2/29/2024	11/30/2023	8/31/2023	5/31/2023	2/28/2023	11/30/2022	8/31/2022
Net Income / (Loss) Attributable to Common Shareholders	463	448	452	414	398	375	385	346	326	324	352
Consolidated Net Income / (Loss)	463	448	452	414	398	375	385	346	326	324	352
Net Income / (Loss) Continuing Operations	463	448	452	414	398	375	385	346	326	324	352
Total Pre-Tax Income	586	566	537	527	496	474	476	446	418	416	413
Total Operating Income	610	591	561	548	521	500	501	471	447	445	440
Total Gross Profit	1,319	1,277	1,252	1,215	1,188	1,142	1,142	1,089	1,034	1,022	1,028
Total Revenue	2,609	2,562	2,502	2,471	2,406	2,377	2,342	2,284	2,190	2,175	2,166
Operating Revenue	2,609	2,562	2,502	2,471	2,406	2,377	2,342	2,284	2,190	2,175	2,166
Total Cost of Revenue	1,290	1,285	1,249	1,255	1,218	1,236	1,201	1,196	1,156	1,152	1,138
Operating Cost of Revenue	1,290	1,285	1,249	1,255	1,218	1,236	1,201	1,196	1,156	1,152	1,138
Total Operating Expenses	709	685	691	668	667	642	641	618	587	578	588
Selling, General & Admin Expense	709	685	691	668	667	642	641	618	587	578	588
Total Other Income / (Expense), net	-23	-26	-24	-20	-25	-26	-24	-25	-28	-29	-28
Interest Expense	25	27	26	24	26	27	25	26	29	29	28
Interest & Investment Income	1.35	0.96	1.25	3.62	0.93	0.77	0.42	0.84	0.37	0.34	0.16
Income Tax Expense	123	117	85	113	99	99	91	100	93	92	61
Basic Earnings per Share	$1.14	$1.11	$1.12	$4.07	$3.90	$0.92	$0.94	$3.39	$3.19	$3.18	$3.45
Weighted Average Basic Shares Outstanding	403.79M	403.54M	403.30M	100.77M	101.46M	101.37M	101.85M	101.74M	101.70M	101.62M	101.55M
Diluted Earnings per Share	$1.13	$1.09	$1.10	$4.00	$3.84	$0.90	$0.93	$3.34	$3.14	$3.12	$3.39
Weighted Average Diluted Shares Outstanding	403.79M	403.54M	403.30M	100.77M	101.46M	101.37M	101.85M	101.74M	101.70M	101.62M	101.55M
Weighted Average Basic & Diluted Shares Outstanding	403.79M	403.54M	403.30M	100.77M	101.46M	101.37M	101.85M	101.74M	101.70M	101.62M	101.55M
Cash Dividends to Common per Share	$0.39	$0.39	$0.39	$1.35	$1.35	$0.34	$0.34	$1.15	$1.15	$1.15	$1.15

This table details how cash moves in and out of Cintas' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	5/31/2024	5/31/2023	5/31/2022	5/31/2021	5/31/2020	5/31/2019	5/31/2018	5/31/2017	5/31/2016	5/31/2015
Net Change in Cash & Equivalents	218	34	-403	348	49	-42	-31	30	-524	-227
Net Cash From Operating Activities	2,080	1,598	1,538	1,361	1,291	1,068	964	764	836	598
Net Cash From Continuing Operating Activities	2,080	1,598	1,538	1,361	1,291	1,071	964	764	466	580
Net Income / (Loss) Continuing Operations	1,572	1,348	1,236	1,111	876	885	843	481	694	431
Consolidated Net Income / (Loss)	1,572	1,348	1,236	1,111	876	885	843	481	694	431
Depreciation Expense	281	257	249	244	236	224	215	172	150	141
Amortization Expense	162	152	150	144	143	136	64	25	16	14
Non-Cash Adjustments To Reconcile Net Income	117	104	67	95	125	70	16	117	79	8.43
Changes in Operating Assets and Liabilities, net	-51	-263	-165	-233	-88	-244	-174	-30	-102	4.04
Net Cash From Investing Activities	-609	-389	-403	-137	-285	-236	-136	-2,310	-488	-104
Net Cash From Continuing Investing Activities	-609	-389	-403	-137	-285	-236	-136	-2,310	128	45
Purchase of Property, Plant & Equipment	-409	-331	-241	-143	-230	-277	-272	-273	-275	-218
Acquisitions	-187	-46	-164	-10	-54	-9.81	-19	-2,102	-157	-15
Purchase of Investments	-7.55	-4.57	-6.08	-4.30	-10	-18	-154	-181	-494	-195
Sale of Property, Plant & Equipment	0.00	0.00	15	32	13	3.20	0.00	-	-	-
Other Investing Activities, net	-4.78	-6.64	-7.01	-11	-4.66	-7.81	1.36	-0.20	4.14	1.38
Net Cash From Financing Activities	-1,253	-1,173	-1,538	-880	-955	-873	-864	1,579	-867	-713
Net Cash From Continuing Financing Activities	-1,253	-1,173	-1,538	-880	-955	-873	-864	1,579	-867	-713
Repayment of Debt	-24	-66	-1,206	-4.38	-201	-14	-603	-273	0.47	1.07
Repurchase of Common Equity	-700	-399	-1,526	-554	-465	-1,016	-127	-21	-780	-552
Payment of Dividends	-531	-450	-375	-451	-268	-221	-176	-142	-115	-202
Issuance of Debt	0.00	-261	1,452	0.00	-113	313	0.00	1,983	0.00	0.00
Issuance of Common Equity	1.37	3.02	118	130	91	65	42	32	28	40
Effect of Exchange Rate Changes	0.21	-2.63	-0.22	4.58	-2.12	-1.00	5.14	-2.13	-5.22	-8.92

This table details how cash moves in and out of Cintas' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	2/28/2025	11/30/2024	8/31/2024	5/31/2024	2/29/2024	11/30/2023	8/31/2023	5/31/2023	2/28/2023	11/30/2022	8/31/2022
Net Change in Cash & Equivalents	121	21	-241	214	43	-2.57	-36	36	-1.24	15	-16
Net Cash From Operating Activities	622	441	467	693	657	393	337	554	425	321	298
Net Cash From Continuing Operating Activities	622	441	467	693	657	393	337	554	425	321	298
Net Income / (Loss) Continuing Operations	463	448	452	414	398	375	385	346	326	324	352
Consolidated Net Income / (Loss)	463	448	452	414	398	375	385	346	326	324	352
Depreciation Expense	76	76	74	73	71	69	68	66	64	64	63
Amortization Expense	51	55	41	42	41	40	39	39	39	38	37
Non-Cash Adjustments To Reconcile Net Income	17	28	33	32	31	23	30	28	24	25	26
Changes in Operating Assets and Liabilities, net	15	-165	-134	131	117	-114	-185	74	-27	-130	-180
Net Cash From Investing Activities	-125	-235	-114	-105	-221	-112	-170	-120	-97	-85	-87
Net Cash From Continuing Investing Activities	-125	-235	-114	-105	-221	-112	-170	-120	-97	-85	-87
Purchase of Property, Plant & Equipment	-100	-101	-93	-102	-107	-94	-107	-107	-78	-76	-70
Acquisitions	-44	-145	-9.44	-1.81	-111	-18	-56	-13	-18	-8.40	-7.06
Purchase of Investments	0.03	0.03	-7.12	0.05	-0.12	-0.95	-6.53	0.05	0.56	0.75	-5.93
Sale of Property, Plant & Equipment	18	-	-	-	-	-	-	-	-	-	-
Other Investing Activities, net	0.39	6.25	-4.85	-1.68	-2.90	0.77	-0.96	0.25	-2.51	-0.79	-3.59
Net Cash From Financing Activities	-374	-184	-593	-374	-394	-283	-202	-398	-328	-220	-226
Net Cash From Continuing Financing Activities	-374	-184	-593	-374	-394	-283	-202	-398	-328	-220	-226
Repayment of Debt	-8.01	-5.45	-5.98	-4.63	-1.52	-5.76	-12	-54	-3.16	-3.58	-5.26
Repurchase of Common Equity	-27	-37	-615	-232	-45	-350	-73	-28	-22	-28	-320
Payment of Dividends	-158	-157	-138	-138	-137	-138	-118	-117	-117	-117	-98
Issuance of Common Equity	0.12	0.34	0.23	0.10	0.35	0.45	0.48	0.08	0.82	1.08	1.05
Effect of Exchange Rate Changes	-1.98	-1.56	-0.25	-0.14	0.56	0.54	-0.76	0.27	-0.87	-0.75	-1.28

This table presents Cintas' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	5/31/2024	5/31/2023	5/31/2022	5/31/2021	5/31/2020	5/31/2019	5/31/2018	5/31/2017	5/31/2016	5/31/2015
Total Assets	9,169	8,546	8,147	8,237	7,670	7,437	6,958	6,844	4,099	4,192
Total Current Assets	3,185	2,938	2,632	2,843	2,310	2,236	1,978	1,954	1,591	1,736
Cash & Equivalents	342	124	90	494	145	97	139	169	139	417
Accounts Receivable	1,244	1,153	1,006	902	870	910	805	736	546	496
Inventories, net	410	507	472	482	409	335	280	278	249	226
Prepaid Expenses	149	143	125	134	115	103	32	30	26	24
Current Deferred & Refundable Income Taxes	0.00	-	22	22	0.00	7.48	20	44	1.71	0.94
Other Current Assets	1,040	1,012	917	810	770	784	702	636	538	534
Plant, Property, & Equipment, net	1,534	1,396	1,324	1,318	1,403	1,431	1,383	1,324	994	871
Total Noncurrent Assets	4,449	4,211	4,192	4,075	3,957	3,770	3,598	3,566	1,515	1,585
Long-Term Investments	302	247	243	275	-	192	176	165	125	330
Goodwill	3,212	3,056	3,043	2,913	2,870	2,842	2,847	2,782	1,276	1,196
Intangible Assets	322	347	392	408	-	495	546	587	78	42
Other Noncurrent Operating Assets	613	561	514	479	1,087	240	29	32	14	17
Total Liabilities & Shareholders' Equity	9,169	8,546	8,147	8,237	7,670	7,437	6,958	6,844	4,099	4,192
Total Liabilities	4,852	4,682	4,839	4,549	4,435	4,434	3,942	4,541	2,256	2,260
Total Current Liabilities	1,829	1,230	1,433	1,934	885	1,128	776	1,131	816	509
Short-Term Debt	450	0.00	312	899	0.00	312	0.00	363	250	0.00
Accounts Payable	339	302	252	231	231	226	215	177	111	110
Accrued Expenses	761	633	589	519	457	434	420	430	343	310
Current Deferred & Payable Income Tax Liabilities	19	12	0.00	-	27	0.00	-	-	-	-
Current Employee Benefit Liabilities	214	239	237	241	127	156	141	150	101	88
Other Current Liabilities	46	44	44	44	43	0.00	-	-	-	-
Total Noncurrent Liabilities	3,024	3,452	3,406	2,615	3,549	3,306	3,166	3,410	1,441	1,751
Long-Term Debt	2,026	2,486	2,484	1,643	2,540	2,538	2,535	2,771	1,044	1,300
Noncurrent Deferred & Payable Income Tax Liabilities	476	498	474	387	389	438	353	469	259	339
Other Noncurrent Operating Liabilities	522	468	448	585	621	331	278	170	137	112
Total Equity & Noncontrolling Interests	4,316	3,864	3,308	3,688	3,235	3,003	3,017	2,303	1,843	1,932
Total Preferred & Common Equity	4,316	3,864	3,308	3,688	3,235	3,003	3,017	2,303	1,843	1,932
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,316	3,864	3,308	3,688	3,235	3,003	3,017	2,303	1,843	1,932
Common Stock	2,305	2,032	1,772	1,516	1,274	1,068	864	709	615	486
Retained Earnings	10,618	9,597	8,719	7,877	7,297	6,691	5,838	5,171	4,806	4,228
Accumulated Other Comprehensive Income / (Loss)	91	78	108	31	-153	-39	16	-3.03	-25	-8.47
Other Equity Adjustments	-8,698	-	-	-	-	-	-	-	-	-

This table presents Cintas' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	2/28/2025	11/30/2024	8/31/2024	5/31/2024	2/29/2024	11/30/2023	8/31/2023	5/31/2023	2/28/2023	11/30/2022	8/31/2022
Total Assets	9,611	9,367	9,069	9,169	8,979	8,814	8,720	8,546	8,466	8,427	8,261
Total Current Assets	3,341	3,170	3,043	3,185	3,031	3,037	2,988	2,938	2,910	2,893	2,748
Cash & Equivalents	243	122	101	342	128	86	88	124	89	90	75
Accounts Receivable	1,398	1,370	1,294	1,244	1,262	1,274	1,197	1,153	1,133	1,136	1,083
Inventories, net	421	395	399	410	451	475	498	507	531	515	474
Prepaid Expenses	179	178	188	149	164	167	182	143	155	153	163
Current Deferred & Refundable Income Taxes	0.66	11	-	0.00	-	-	-	-	2.99	14	0.00
Other Current Assets	1,100	1,094	1,061	1,040	1,026	1,036	1,022	1,012	999	987	954
Plant, Property, & Equipment, net	1,610	1,591	1,555	1,534	1,506	1,464	1,439	1,396	1,358	1,341	1,329
Total Noncurrent Assets	4,659	4,605	4,471	4,449	4,442	4,313	4,293	4,211	4,198	4,193	4,184
Long-Term Investments	337	340	326	302	294	270	267	247	242	244	239
Goodwill	3,354	3,323	3,224	3,212	3,212	3,121	3,105	3,056	3,044	3,038	3,037
Intangible Assets	525	508	311	322	522	509	522	347	536	368	379
Other Noncurrent Operating Assets	444	435	610	613	413	414	399	561	377	544	528
Total Liabilities & Shareholders' Equity	9,611	9,367	9,069	9,169	8,979	8,814	8,720	8,546	8,466	8,427	8,261
Total Liabilities	5,019	5,073	5,047	4,852	4,745	4,819	4,642	4,682	4,833	4,996	5,031
Total Current Liabilities	1,941	2,008	1,985	1,829	1,274	1,358	1,169	1,230	1,388	1,554	1,600
Short-Term Debt	450	631	616	450	-	210	-	0.00	249	435	507
Accounts Payable	408	418	396	339	308	317	315	302	282	311	292
Accrued Expenses	825	754	717	761	721	619	592	633	611	556	544
Current Deferred & Payable Income Tax Liabilities	0.00	0.00	85	19	18	13	101	12	-	-	36
Current Employee Benefit Liabilities	209	158	125	214	183	154	117	239	204	208	177
Other Current Liabilities	49	47	47	46	44	44	44	44	43	43	44
Total Noncurrent Liabilities	3,078	3,066	3,062	3,024	3,471	3,462	3,473	3,452	3,444	3,443	3,432
Long-Term Debt	2,027	2,027	2,026	2,026	2,475	2,474	2,477	2,486	2,486	2,485	2,485
Noncurrent Deferred & Payable Income Tax Liabilities	467	477	474	476	481	497	500	498	497	493	488
Other Noncurrent Operating Liabilities	583	562	561	522	515	490	496	468	462	464	460
Total Equity & Noncontrolling Interests	4,592	4,293	4,021	4,316	4,234	3,994	4,078	3,864	3,633	3,431	3,230
Total Preferred & Common Equity	4,592	4,293	4,021	4,316	4,234	3,994	4,078	3,864	3,633	3,431	3,230
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,592	4,293	4,021	4,316	4,234	3,994	4,078	3,864	3,633	3,431	3,230
Common Stock	2,526	2,474	2,416	2,305	2,246	2,180	2,121	2,032	1,982	1,933	1,879
Retained Earnings	11,508	11,203	10,912	10,618	10,341	10,081	9,844	9,597	9,369	9,160	8,953
Treasury Stock	-9,499	-	-	-	-8,440	-	-7,975	-7,843	-7,793	-	-7,691
Accumulated Other Comprehensive Income / (Loss)	57	69	83	91	86	93	87	78	76	84	88

This table displays calculated financial ratios and metrics derived from Cintas' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	5/31/2024	5/31/2023	5/31/2022	5/31/2021	5/31/2020	5/31/2019	5/31/2018	5/31/2017	5/31/2016	5/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.86%	12.24%	10.37%	0.44%	2.80%	6.42%	21.66%	11.00%	9.75%	4.19%
EBITDA Growth	13.53%	11.31%	12.05%	15.03%	3.22%	21.51%	26.69%	3.86%	11.39%	5.69%
EBIT Growth	14.75%	13.56%	14.57%	19.16%	2.57%	19.34%	22.77%	0.62%	12.48%	13.43%
NOPAT Growth	14.77%	9.66%	9.50%	24.15%	6.09%	2.51%	72.02%	5.24%	13.84%	13.35%
Net Income Growth	16.59%	9.08%	11.23%	26.82%	-1.01%	5.03%	75.28%	-30.69%	61.05%	15.00%
EPS Growth	16.63%	11.50%	13.77%	26.26%	1.50%	5.69%	72.60%	-29.47%	71.07%	19.02%
Operating Cash Flow Growth	30.16%	3.91%	13.00%	5.36%	20.94%	10.76%	26.22%	-8.59%	39.71%	-1.29%
Free Cash Flow Firm Growth	20.55%	22.66%	-26.65%	52.02%	54.20%	-17.00%	139.68%	-1,165.23%	-67.03%	-44.62%
Invested Capital Growth	2.82%	3.62%	5.66%	-2.98%	1.19%	6.22%	3.65%	82.27%	13.20%	-2.90%
Revenue Q/Q Growth	1.98%	2.44%	3.14%	3.13%	-2.40%	1.83%	2.20%	7.44%	2.71%	4.21%
EBITDA Q/Q Growth	3.57%	3.22%	2.70%	9.28%	-6.33%	4.78%	8.65%	0.98%	3.17%	-0.34%
EBIT Q/Q Growth	3.86%	3.82%	3.12%	12.05%	-8.43%	4.51%	10.24%	-1.63%	3.39%	0.54%
NOPAT Q/Q Growth	4.09%	3.86%	1.92%	11.31%	-7.74%	4.33%	11.14%	-1.46%	3.52%	0.20%
Net Income Q/Q Growth	4.53%	3.99%	2.21%	12.47%	-8.51%	4.73%	13.76%	-8.85%	3.85%	-4.86%
EPS Q/Q Growth	4.55%	4.25%	3.01%	12.16%	-8.05%	5.41%	13.51%	-9.50%	5.43%	-3.46%
Operating Cash Flow Q/Q Growth	7.19%	0.19%	6.56%	7.85%	-3.02%	9.64%	2.46%	-25.28%	61.43%	0.75%
Free Cash Flow Firm Q/Q Growth	10.83%	6.99%	-22.24%	53.94%	-17.63%	26.41%	149.09%	-837.09%	-19.60%	-55.96%
Invested Capital Q/Q Growth	-2.20%	-0.97%	-0.55%	-5.91%	0.24%	-1.73%	-0.27%	66.91%	1.01%	-1.19%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	48.83%	47.34%	46.24%	46.58%	45.64%	45.39%	44.91%	44.71%	43.82%	43.32%
EBITDA Margin	26.17%	25.09%	25.30%	24.92%	21.76%	21.67%	18.98%	18.23%	19.48%	19.19%
Operating Margin	21.56%	20.45%	20.21%	19.47%	16.41%	16.45%	14.67%	14.53%	16.03%	15.65%
EBIT Margin	21.56%	20.45%	20.21%	19.47%	16.41%	16.45%	14.67%	14.53%	16.03%	15.65%
Profit (Net Income) Margin	16.38%	15.29%	15.73%	15.61%	12.36%	12.84%	13.01%	9.03%	14.46%	9.85%
Tax Burden Percent	79.63%	79.62%	82.45%	86.27%	82.78%	80.28%	100.19%	69.93%	98.33%	67.23%
Interest Burden Percent	95.41%	93.92%	94.42%	92.95%	91.02%	97.25%	88.54%	88.85%	91.73%	93.70%
Effective Tax Rate	20.37%	20.38%	17.55%	13.73%	17.19%	19.94%	6.79%	33.48%	36.40%	37.16%
Return on Invested Capital (ROIC)	27.17%	24.43%	23.31%	21.55%	17.20%	16.81%	17.21%	13.15%	18.73%	17.28%
ROIC Less NNEP Spread (ROIC-NNEP)	23.33%	20.62%	19.86%	17.51%	13.70%	15.86%	15.49%	11.31%	47.01%	17.52%
Return on Net Nonoperating Assets (RNNOA)	11.26%	13.16%	12.02%	10.54%	10.88%	12.60%	14.47%	10.04%	18.01%	3.59%
Return on Equity (ROE)	38.42%	37.59%	35.33%	32.09%	28.09%	29.41%	31.68%	23.19%	36.74%	20.88%
Cash Return on Invested Capital (CROIC)	24.39%	20.88%	17.81%	24.58%	16.02%	10.77%	13.62%	-45.13%	6.35%	20.23%
Operating Return on Assets (OROA)	23.35%	21.60%	19.38%	17.42%	15.39%	15.75%	13.76%	14.14%	18.55%	15.80%
Return on Assets (ROA)	17.74%	16.15%	15.08%	13.97%	11.60%	12.30%	12.21%	8.79%	16.73%	9.95%
Return on Common Equity (ROCE)	38.42%	37.59%	35.33%	32.09%	28.09%	29.41%	31.68%	23.19%	36.74%	20.88%
Return on Equity Simple (ROE_SIMPLE)	36.41%	34.89%	37.35%	30.13%	27.08%	29.47%	27.93%	20.88%	37.64%	22.28%
Net Operating Profit after Tax (NOPAT)	1,647	1,435	1,309	1,195	963	908	885	515	489	430
NOPAT Margin	17.16%	16.28%	16.66%	16.80%	13.59%	13.17%	13.67%	9.67%	10.20%	9.83%
Net Nonoperating Expense Percent (NNEP)	3.83%	3.81%	3.45%	4.05%	3.50%	0.94%	1.72%	1.85%	-28.28%	-0.23%
Cost of Revenue to Revenue	51.17%	52.66%	53.76%	53.42%	54.36%	54.61%	55.09%	55.29%	56.18%	56.68%
SG&A Expenses to Revenue	27.28%	26.89%	26.03%	27.11%	29.23%	28.74%	29.60%	28.69%	27.78%	27.67%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	27.28%	26.89%	26.03%	27.11%	29.23%	28.95%	30.24%	30.18%	27.78%	27.67%
Earnings before Interest and Taxes (EBIT)	2,069	1,803	1,587	1,385	1,163	1,134	950	774	769	684
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,511	2,212	1,987	1,773	1,542	1,494	1,229	970	934	839
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	15.90	12.28	12.06	9.76	7.61	7.30	6.03	5.32	5.03	4.60
Price to Tangible Book Value (P/TBV)	87.78	102.92	0.00	98.24	67.45	0.00	0.00	0.00	18.96	12.80
Price to Revenue (P/Rev)	7.15	5.38	5.08	5.06	3.48	3.18	2.81	2.30	1.93	2.03
Price to Earnings (P/E)	43.68	35.21	32.27	32.39	28.12	24.78	21.58	25.50	13.35	20.64
Dividend Yield	0.80%	0.99%	0.98%	1.26%	1.08%	0.98%	0.95%	1.14%	1.21%	1.09%
Earnings Yield	2.29%	2.84%	3.10%	3.09%	3.56%	4.03%	4.63%	3.92%	7.49%	4.84%
Enterprise Value to Invested Capital (EV/IC)	11.46	8.29	7.34	6.91	4.80	4.40	3.90	2.98	3.69	3.85
Enterprise Value to Revenue (EV/Rev)	7.34	5.62	5.39	5.31	3.81	3.55	3.15	2.82	2.13	2.16
Enterprise Value to EBITDA (EV/EBITDA)	28.07	22.42	21.31	21.29	17.53	16.40	16.60	15.50	10.94	11.24
Enterprise Value to EBIT (EV/EBIT)	34.07	27.51	26.67	27.25	23.25	21.61	21.48	19.44	13.29	13.79
Enterprise Value to NOPAT (EV/NOPAT)	42.79	34.55	32.35	31.59	28.07	26.99	23.05	29.22	20.90	21.94
Enterprise Value to Operating Cash Flow (EV/OCF)	33.89	31.03	27.54	27.75	20.93	22.94	21.16	19.69	12.23	15.76
Enterprise Value to Free Cash Flow (EV/FCFF)	47.67	40.43	42.35	27.70	30.14	42.12	29.12	0.00	61.65	18.75
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.57	0.64	0.85	0.69	0.79	0.95	0.84	1.36	0.70	0.67
Long-Term Debt to Equity	0.47	0.64	0.75	0.45	0.79	0.85	0.84	1.20	0.57	0.67
Financial Leverage	0.48	0.64	0.61	0.60	0.79	0.79	0.93	0.89	0.38	0.21
Leverage Ratio	2.17	2.33	2.34	2.30	2.42	2.39	2.59	2.64	2.20	2.10
Compound Leverage Factor	2.07	2.19	2.21	2.14	2.20	2.33	2.30	2.35	2.01	1.97
Debt to Total Capital	36.45%	39.15%	45.80%	40.80%	43.98%	48.69%	45.67%	57.64%	41.26%	40.22%
Short-Term Debt to Total Capital	6.62%	0.00%	5.10%	14.43%	0.00%	5.34%	0.00%	6.68%	7.97%	0.00%
Long-Term Debt to Total Capital	29.83%	39.15%	40.70%	26.37%	43.98%	43.36%	45.67%	50.97%	33.29%	40.22%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	63.55%	60.85%	54.20%	59.20%	56.02%	51.31%	54.33%	42.36%	58.74%	59.78%
Debt to EBITDA	0.99	1.12	1.41	1.43	1.65	1.91	2.06	3.23	1.39	1.55
Net Debt to EBITDA	0.73	0.96	1.24	1.00	1.55	1.71	1.81	2.86	1.03	0.64
Long-Term Debt to EBITDA	0.81	1.12	1.25	0.93	1.65	1.70	2.06	2.86	1.12	1.55
Debt to NOPAT	1.50	1.73	2.14	2.13	2.64	3.14	2.86	6.09	2.65	3.03
Net Debt to NOPAT	1.11	1.47	1.88	1.48	2.49	2.82	2.51	5.40	1.96	1.25
Long-Term Debt to NOPAT	1.23	1.73	1.90	1.37	2.64	2.80	2.86	5.38	2.14	3.03
Altman Z-Score	12.08	9.62	8.23	7.64	6.31	5.84	5.53	3.97	6.12	5.70
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.74	2.39	1.84	1.47	2.61	1.98	2.55	1.73	1.95	3.41
Quick Ratio	0.87	1.04	0.77	0.72	1.15	0.89	1.22	0.82	0.93	1.83
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,479	1,227	1,000	1,363	897	582	701	-1,766	166	503
Operating Cash Flow to CapEx	507.92%	482.56%	682.40%	1,217.50%	595.18%	390.42%	354.86%	279.49%	303.47%	274.74%
Free Cash Flow to Firm to Interest Expense	14.68	11.03	11.26	13.88	8.51	5.72	6.36	-20.41	2.57	7.72
Operating Cash Flow to Interest Expense	20.65	14.36	17.31	13.86	12.25	10.50	8.75	8.83	12.95	9.18
Operating Cash Flow Less CapEx to Interest Expense	16.58	11.39	14.77	12.72	10.20	7.81	6.29	5.67	8.68	5.84
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.08	1.06	0.96	0.89	0.94	0.96	0.94	0.97	1.16	1.01
Accounts Receivable Turnover	8.01	8.17	8.23	8.03	7.96	8.04	8.41	8.30	9.20	8.70
Inventory Turnover	10.71	9.49	8.85	8.54	10.36	12.24	12.78	11.16	11.33	10.37
Fixed Asset Turnover	6.55	6.48	5.95	5.23	5.00	4.90	4.79	4.59	5.14	5.06
Accounts Payable Turnover	15.31	16.77	17.51	16.47	16.85	17.07	18.20	20.44	24.43	19.08
Days Sales Outstanding (DSO)	45.59	44.70	44.33	45.45	45.86	45.40	43.41	43.97	39.68	41.96
Days Inventory Outstanding (DIO)	34.08	38.48	41.23	42.76	35.23	29.82	28.57	32.72	32.21	35.18
Days Payable Outstanding (DPO)	23.84	21.77	20.85	22.17	21.66	21.39	20.06	17.86	14.94	19.13
Cash Conversion Cycle (CCC)	55.82	61.40	64.72	66.04	59.44	53.83	51.92	58.82	56.95	58.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,148	5,979	5,770	5,461	5,630	5,564	5,238	5,053	2,772	2,449
Invested Capital Turnover	1.58	1.50	1.40	1.28	1.27	1.28	1.26	1.36	1.84	1.76
Increase / (Decrease) in Invested Capital	169	209	309	-168	66	326	185	2,281	323	-73
Enterprise Value (EV)	70,480	49,583	42,343	37,761	27,027	24,495	20,404	15,037	10,221	9,426
Market Capitalization	68,648	47,468	39,881	35,987	24,633	21,934	18,183	12,260	9,261	8,889
Book Value per Share	$42.54	$37.99	$32.33	$35.10	$31.09	$28.71	$28.27	$21.86	$17.22	$16.89
Tangible Book Value per Share	$7.71	$4.53	($1.24)	$3.49	$3.51	($3.20)	($3.52)	($10.13)	$4.56	$6.07
Total Capital	6,792	6,350	6,104	6,230	5,775	5,852	5,552	5,436	3,137	3,232
Total Debt	2,476	2,486	2,796	2,542	2,540	2,850	2,535	3,134	1,294	1,300
Total Long-Term Debt	2,026	2,486	2,484	1,643	2,540	2,538	2,535	2,771	1,044	1,300
Net Debt	1,831	2,115	2,462	1,774	2,394	2,561	2,221	2,777	960	537
Capital Expenditures (CapEx)	409	331	225	112	217	274	272	273	275	218
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,464	1,584	1,420	1,315	1,279	1,324	1,063	995	815	794
Debt-free Net Working Capital (DFNWC)	1,806	1,708	1,511	1,808	1,425	1,421	1,202	1,187	1,025	1,227
Net Working Capital (NWC)	1,357	1,708	1,199	909	1,425	1,109	1,202	824	775	1,227
Net Nonoperating Expense (NNE)	76	87	73	84	87	23	43	34	-204	-0.99
Net Nonoperating Obligations (NNO)	1,831	2,115	2,462	1,774	2,394	2,561	2,221	2,750	930	517
Total Depreciation and Amortization (D&A)	442	409	400	388	379	360	279	197	165	155
Debt-free, Cash-free Net Working Capital to Revenue	15.26%	17.97%	18.08%	18.47%	18.05%	19.21%	16.42%	18.69%	17.00%	18.17%
Debt-free Net Working Capital to Revenue	18.82%	19.38%	19.23%	25.41%	20.11%	20.61%	18.56%	22.29%	21.37%	28.08%
Net Working Capital to Revenue	14.14%	19.38%	15.27%	12.78%	20.11%	16.08%	18.56%	15.47%	16.16%	28.08%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$15.40	$13.21	$11.92	$10.52	$8.36	$8.25	$7.78	$4.49	$6.30	$3.68
Adjusted Weighted Average Basic Shares Outstanding	100.77M	101.74M	101.19M	102.97M	103.50M	102.49M	106.28M	105.44M	104.21M	110.21M
Adjusted Diluted Earnings per Share	$15.15	$12.99	$11.65	$10.24	$8.11	$7.99	$7.56	$4.38	$6.21	$3.63
Adjusted Weighted Average Diluted Shares Outstanding	100.77M	101.74M	101.19M	102.97M	103.50M	102.49M	106.28M	105.44M	104.21M	110.21M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$8.25	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	100.77M	101.74M	101.19M	102.97M	103.50M	102.49M	106.28M	105.44M	104.21M	110.21M
Normalized Net Operating Profit after Tax (NOPAT)	1,647	1,435	1,309	1,195	963	919	924	567	489	430
Normalized NOPAT Margin	17.16%	16.28%	16.66%	16.80%	13.59%	13.34%	14.27%	10.66%	10.20%	9.83%
Pre Tax Income Margin	20.57%	19.21%	19.08%	18.10%	14.94%	15.99%	12.99%	12.91%	14.71%	14.66%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	20.53	16.21	17.87	14.11	11.03	11.14	8.62	8.94	11.92	10.49
NOPAT to Interest Expense	16.35	12.90	14.73	12.17	9.14	8.92	8.04	5.95	7.58	6.59
EBIT Less CapEx to Interest Expense	16.47	13.23	15.33	12.97	8.97	8.45	6.16	5.78	7.65	7.15
NOPAT Less CapEx to Interest Expense	12.29	9.93	12.20	11.03	7.08	6.23	5.57	2.79	3.31	3.25
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	33.78%	33.38%	30.36%	40.62%	30.59%	24.95%	20.84%	29.63%	16.62%	46.88%
Augmented Payout Ratio	78.32%	62.97%	153.83%	90.50%	83.61%	139.78%	35.95%	33.94%	129.11%	175.06%

This table displays calculated financial ratios and metrics derived from Cintas' official financial filings.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	2/28/2025	11/30/2024	8/31/2024	5/31/2024	2/29/2024	11/30/2023	8/31/2023	5/31/2023	2/28/2023	11/30/2022	8/31/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.44%	7.77%	6.80%	8.16%	9.87%	9.30%	8.12%	10.11%	11.70%	13.14%	14.21%
EBITDA Growth	16.56%	18.48%	11.34%	15.05%	15.02%	11.49%	12.44%	13.63%	8.14%	13.80%	9.78%
EBIT Growth	17.10%	18.35%	12.08%	16.31%	16.56%	12.31%	13.73%	16.41%	9.62%	16.71%	11.68%
NOPAT Growth	15.51%	18.69%	16.80%	17.74%	19.92%	13.99%	7.83%	17.09%	4.37%	10.87%	7.02%
Net Income Growth	16.58%	19.72%	17.39%	19.67%	22.02%	15.52%	9.50%	17.57%	3.29%	10.05%	6.19%
EPS Growth	17.71%	21.11%	17.39%	19.76%	22.29%	15.52%	9.50%	18.86%	5.72%	13.04%	9.00%
Operating Cash Flow Growth	-5.34%	12.41%	38.52%	25.18%	54.60%	22.33%	13.01%	0.55%	8.08%	-3.21%	13.74%
Free Cash Flow Firm Growth	65.10%	238.73%	286.54%	66.88%	50.20%	277.25%	-64.24%	4,597.32%	-66.45%	-139.69%	39.33%
Invested Capital Growth	3.23%	2.61%	0.59%	2.82%	4.11%	5.07%	4.94%	3.62%	4.06%	7.07%	1.03%
Revenue Q/Q Growth	1.85%	2.41%	1.24%	2.69%	1.22%	1.49%	2.53%	4.31%	0.70%	0.39%	4.42%
EBITDA Q/Q Growth	2.14%	6.68%	2.07%	4.79%	3.83%	0.25%	5.47%	4.77%	0.64%	1.11%	6.58%
EBIT Q/Q Growth	3.12%	5.41%	2.45%	5.14%	4.23%	-0.17%	6.32%	5.37%	0.42%	1.09%	8.82%
NOPAT Q/Q Growth	2.80%	-0.78%	9.80%	3.14%	5.64%	-2.36%	10.68%	5.05%	0.41%	-7.63%	20.17%
Net Income Q/Q Growth	3.35%	-0.78%	9.10%	4.21%	6.13%	-2.72%	11.23%	6.25%	0.47%	-7.79%	19.43%
EPS Q/Q Growth	3.67%	-0.91%	9.10%	4.17%	6.37%	-2.72%	11.23%	6.37%	0.64%	-7.96%	20.64%
Operating Cash Flow Q/Q Growth	40.92%	-5.43%	-32.65%	5.47%	67.34%	16.54%	-39.14%	30.25%	32.41%	7.66%	-45.85%
Free Cash Flow Firm Q/Q Growth	-8.17%	-30.29%	66.44%	54.94%	88.41%	-20.45%	-28.15%	39.46%	322.34%	-116.05%	9,339.54%
Invested Capital Q/Q Growth	0.02%	4.04%	1.45%	-2.20%	-0.58%	1.99%	3.69%	-0.97%	0.33%	1.86%	2.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	50.57%	49.84%	50.05%	49.19%	49.37%	48.02%	48.74%	47.66%	47.22%	47.01%	47.46%
EBITDA Margin	28.24%	28.16%	27.03%	26.81%	26.27%	25.61%	25.93%	25.21%	25.10%	25.11%	24.93%
Operating Margin	23.37%	23.09%	22.43%	22.16%	21.64%	21.02%	21.37%	20.61%	20.40%	20.46%	20.32%
EBIT Margin	23.37%	23.09%	22.43%	22.16%	21.64%	21.02%	21.37%	20.61%	20.40%	20.46%	20.32%
Profit (Net Income) Margin	17.76%	17.51%	18.07%	16.77%	16.52%	15.76%	16.44%	15.15%	14.88%	14.91%	16.23%
Tax Burden Percent	79.04%	79.28%	84.23%	78.60%	80.12%	79.06%	80.83%	77.65%	77.88%	77.89%	85.25%
Interest Burden Percent	96.16%	95.65%	95.66%	96.26%	95.28%	94.83%	95.18%	94.70%	93.63%	93.58%	93.74%
Effective Tax Rate	20.96%	20.72%	15.77%	21.40%	19.88%	20.94%	19.17%	22.35%	22.12%	22.11%	14.75%
Return on Invested Capital (ROIC)	29.34%	28.40%	29.64%	27.57%	26.48%	24.76%	25.66%	24.01%	23.10%	22.94%	23.94%
ROIC Less NNEP Spread (ROIC-NNEP)	28.40%	27.50%	28.69%	26.75%	25.60%	23.93%	24.84%	23.17%	22.20%	21.98%	23.04%
Return on Net Nonoperating Assets (RNNOA)	12.71%	15.01%	15.36%	12.91%	14.50%	15.84%	16.32%	14.79%	15.74%	14.60%	18.38%
Return on Equity (ROE)	42.04%	43.41%	45.00%	40.47%	40.99%	40.60%	41.97%	38.80%	38.84%	37.53%	42.31%
Cash Return on Invested Capital (CROIC)	25.84%	25.35%	26.99%	24.39%	21.65%	19.58%	19.38%	20.88%	19.36%	16.67%	21.66%
Operating Return on Assets (OROA)	25.51%	25.24%	24.60%	24.01%	23.35%	22.42%	22.63%	21.77%	21.11%	20.84%	20.48%
Return on Assets (ROA)	19.39%	19.14%	19.82%	18.17%	17.83%	16.81%	17.41%	16.01%	15.39%	15.19%	16.36%
Return on Common Equity (ROCE)	42.04%	43.41%	45.00%	40.47%	40.99%	40.60%	41.97%	38.80%	38.84%	37.53%	42.31%
Return on Equity Simple (ROE_SIMPLE)	38.72%	39.89%	40.75%	0.00%	35.51%	35.84%	33.88%	0.00%	35.68%	37.48%	38.90%
Net Operating Profit after Tax (NOPAT)	482	469	473	430	417	395	405	366	348	347	375
NOPAT Margin	18.47%	18.30%	18.89%	17.42%	17.34%	16.62%	17.27%	16.00%	15.89%	15.93%	17.32%
Net Nonoperating Expense Percent (NNEP)	0.94%	0.90%	0.95%	0.81%	0.88%	0.83%	0.81%	0.85%	0.90%	0.96%	0.90%
Return On Investment Capital (ROIC_SIMPLE)	6.82%	6.75%	-	-	-	5.91%	-	-	-	-	-
Cost of Revenue to Revenue	49.43%	50.16%	49.95%	50.81%	50.63%	51.98%	51.26%	52.34%	52.78%	52.99%	52.54%
SG&A Expenses to Revenue	27.19%	26.75%	27.63%	27.03%	27.72%	27.00%	27.37%	27.05%	26.81%	26.55%	27.14%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	27.19%	26.75%	27.63%	27.03%	27.72%	27.00%	27.37%	27.05%	26.81%	26.55%	27.14%
Earnings before Interest and Taxes (EBIT)	610	591	561	548	521	500	501	471	447	445	440
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	737	721	676	663	632	609	607	576	550	546	540
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	18.23	21.21	20.17	15.90	14.99	13.99	12.47	12.28	12.09	13.45	12.51
Price to Tangible Book Value (P/TBV)	117.28	196.93	166.70	87.78	127.12	153.02	112.81	102.92	813.59	1,814.46	0.00
Price to Revenue (P/Rev)	8.26	9.16	8.32	7.15	6.74	6.08	5.66	5.38	5.11	5.51	4.97
Price to Earnings (P/E)	47.09	53.18	49.51	43.68	42.21	39.04	36.81	35.21	33.90	35.87	32.15
Dividend Yield	0.73%	0.64%	0.70%	0.80%	0.83%	0.91%	0.96%	0.99%	1.02%	0.92%	1.00%
Earnings Yield	2.12%	1.88%	2.02%	2.29%	2.37%	2.56%	2.72%	2.84%	2.95%	2.79%	3.11%
Enterprise Value to Invested Capital (EV/IC)	13.20	14.37	13.36	11.46	10.42	9.21	8.54	8.29	7.68	8.09	7.29
Enterprise Value to Revenue (EV/Rev)	8.44	9.38	8.54	7.34	6.96	6.33	5.89	5.62	5.39	5.82	5.30
Enterprise Value to EBITDA (EV/EBITDA)	30.61	34.64	32.31	28.07	27.03	24.87	23.24	22.42	21.63	23.18	21.16
Enterprise Value to EBIT (EV/EBIT)	37.07	41.99	39.15	34.07	32.89	30.36	28.43	27.51	26.69	28.70	26.37
Enterprise Value to NOPAT (EV/NOPAT)	46.19	52.13	48.59	42.79	41.40	38.48	36.16	34.55	33.54	35.62	32.30
Enterprise Value to Operating Cash Flow (EV/OCF)	38.52	41.30	37.72	33.89	33.77	34.09	32.37	31.03	29.06	31.17	27.37
Enterprise Value to Free Cash Flow (EV/FCFF)	51.88	57.43	49.66	47.67	49.11	48.21	45.16	40.43	40.43	50.21	33.82
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.54	0.62	0.66	0.57	0.58	0.67	0.61	0.64	0.75	0.85	0.93
Long-Term Debt to Equity	0.44	0.47	0.50	0.47	0.58	0.62	0.61	0.64	0.68	0.72	0.77
Financial Leverage	0.45	0.55	0.54	0.48	0.57	0.66	0.66	0.64	0.71	0.66	0.80
Leverage Ratio	2.11	2.19	2.20	2.17	2.22	2.32	2.32	2.33	2.40	2.35	2.47
Compound Leverage Factor	2.03	2.10	2.10	2.08	2.11	2.20	2.21	2.20	2.25	2.20	2.31
Debt to Total Capital	35.04%	38.24%	39.65%	36.45%	36.89%	40.19%	37.79%	39.15%	42.95%	45.99%	48.09%
Short-Term Debt to Total Capital	6.36%	9.08%	9.24%	6.62%	0.00%	3.14%	0.00%	0.00%	3.91%	6.86%	8.16%
Long-Term Debt to Total Capital	28.68%	29.16%	30.41%	29.83%	36.89%	37.05%	37.79%	39.15%	39.04%	39.13%	39.93%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	64.96%	61.76%	60.35%	63.55%	63.11%	59.81%	62.21%	60.85%	57.05%	54.01%	51.91%
Debt to EBITDA	0.89	0.99	1.02	0.99	1.02	1.15	1.09	1.12	1.28	1.39	1.47
Net Debt to EBITDA	0.68	0.82	0.86	0.73	0.85	0.99	0.93	0.96	1.12	1.23	1.32
Long-Term Debt to EBITDA	0.72	0.75	0.79	0.81	1.02	1.06	1.09	1.12	1.16	1.18	1.22
Debt to NOPAT	1.34	1.49	1.54	1.50	1.56	1.77	1.69	1.73	1.98	2.14	2.24
Net Debt to NOPAT	1.02	1.23	1.29	1.11	1.30	1.54	1.45	1.47	1.74	1.89	2.01
Long-Term Debt to NOPAT	1.09	1.13	1.18	1.23	1.56	1.64	1.69	1.73	1.80	1.82	1.86
Altman Z-Score	13.13	13.86	12.75	11.53	11.11	10.02	9.62	9.11	8.41	8.42	7.66
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.72	1.58	1.53	1.74	2.38	2.24	2.56	2.39	2.10	1.86	1.72
Quick Ratio	0.85	0.74	0.70	0.87	1.09	1.00	1.10	1.04	0.88	0.79	0.72
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	279	304	436	262	169	90	113	157	112	-51	315
Operating Cash Flow to CapEx	759.87%	435.24%	502.29%	680.04%	613.94%	418.51%	315.80%	517.44%	546.95%	420.21%	425.84%
Free Cash Flow to Firm to Interest Expense	11.26	11.39	17.01	10.87	6.62	3.37	4.59	6.09	3.90	-1.75	11.37
Operating Cash Flow to Interest Expense	25.12	16.55	18.22	28.79	25.74	14.77	13.73	21.48	14.75	11.10	10.76
Operating Cash Flow Less CapEx to Interest Expense	21.81	12.75	14.59	24.55	21.55	11.24	9.38	17.33	12.05	8.46	8.23
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.09	1.09	1.10	1.08	1.08	1.07	1.06	1.06	1.03	1.02	1.01
Accounts Receivable Turnover	7.63	7.52	7.83	8.01	7.86	7.63	7.89	8.17	8.05	7.94	8.08
Inventory Turnover	11.65	11.52	11.05	10.71	9.87	9.68	9.68	9.49	8.99	9.15	9.31
Fixed Asset Turnover	6.51	6.51	6.52	6.55	6.57	6.56	6.50	6.48	6.45	6.35	6.18
Accounts Payable Turnover	14.18	13.63	13.96	15.31	16.45	15.26	15.50	16.77	17.71	16.26	17.63
Days Sales Outstanding (DSO)	47.86	48.55	46.60	45.59	46.45	47.83	46.28	44.70	45.33	46.00	45.16
Days Inventory Outstanding (DIO)	31.33	31.68	33.03	34.08	36.97	37.72	37.71	38.48	40.61	39.90	39.19
Days Payable Outstanding (DPO)	25.74	26.78	26.15	23.84	22.18	23.92	23.55	21.77	20.61	22.45	20.70
Cash Conversion Cycle (CCC)	53.45	53.45	53.47	55.82	61.23	61.63	60.44	61.40	65.33	63.44	63.64
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,489	6,488	6,237	6,148	6,286	6,323	6,200	5,979	6,038	6,018	5,908
Invested Capital Turnover	1.59	1.55	1.57	1.58	1.53	1.49	1.49	1.50	1.45	1.44	1.38
Increase / (Decrease) in Invested Capital	203	165	37	169	248	305	292	209	235	397	60
Enterprise Value (EV)	85,632	93,256	83,346	70,480	65,521	58,229	52,970	49,583	46,345	48,711	43,066
Market Capitalization	83,735	91,061	81,131	68,648	63,468	55,900	50,848	47,468	43,941	46,124	40,388
Book Value per Share	$11.38	$10.65	$39.91	$42.54	$41.77	$39.22	$40.08	$37.99	$35.75	$33.78	$31.92
Tangible Book Value per Share	$1.77	$1.15	$4.83	$7.71	$4.93	$3.59	$4.43	$4.53	$0.53	$0.25	($1.85)
Total Capital	7,070	6,951	6,664	6,792	6,709	6,679	6,555	6,350	6,368	6,351	6,222
Total Debt	2,477	2,658	2,642	2,476	2,475	2,684	2,477	2,486	2,735	2,921	2,992
Total Long-Term Debt	2,027	2,027	2,026	2,026	2,475	2,474	2,477	2,486	2,486	2,485	2,485
Net Debt	1,897	2,195	2,215	1,831	2,052	2,329	2,122	2,115	2,405	2,587	2,678
Capital Expenditures (CapEx)	82	101	93	102	107	94	107	107	78	76	70
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,607	1,671	1,573	1,464	1,629	1,804	1,731	1,584	1,682	1,685	1,581
Debt-free Net Working Capital (DFNWC)	1,850	1,793	1,674	1,806	1,757	1,889	1,819	1,708	1,771	1,775	1,656
Net Working Capital (NWC)	1,400	1,163	1,059	1,357	1,757	1,679	1,819	1,708	1,522	1,339	1,148
Net Nonoperating Expense (NNE)	19	20	21	16	20	20	19	19	22	22	23
Net Nonoperating Obligations (NNO)	1,897	2,195	2,215	1,831	2,052	2,329	2,122	2,115	2,405	2,587	2,678
Total Depreciation and Amortization (D&A)	127	130	115	115	111	109	107	105	103	101	100
Debt-free, Cash-free Net Working Capital to Revenue	15.84%	16.81%	16.12%	15.26%	17.31%	19.62%	19.25%	17.97%	19.55%	20.12%	19.46%
Debt-free Net Working Capital to Revenue	18.24%	18.04%	17.16%	18.82%	18.67%	20.55%	20.23%	19.38%	20.58%	21.19%	20.38%
Net Working Capital to Revenue	13.80%	11.70%	10.85%	14.14%	18.67%	18.26%	20.23%	19.38%	17.68%	15.99%	14.13%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.14	$1.11	$1.12	$4.07	$3.90	$0.92	$0.94	$3.39	$3.19	$3.18	$3.45
Adjusted Weighted Average Basic Shares Outstanding	403.79M	403.54M	403.30M	100.77M	101.46M	405.49M	407.42M	101.74M	101.70M	101.62M	101.55M
Adjusted Diluted Earnings per Share	$1.13	$1.09	$1.10	$4.00	$3.84	$0.90	$0.93	$3.34	$3.14	$3.12	$3.39
Adjusted Weighted Average Diluted Shares Outstanding	403.79M	403.54M	403.30M	100.77M	101.46M	405.49M	407.42M	101.74M	101.70M	101.62M	101.55M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	403.79M	403.54M	403.30M	100.77M	101.46M	405.49M	407.42M	101.74M	101.70M	101.62M	101.55M
Normalized Net Operating Profit after Tax (NOPAT)	482	469	473	430	417	395	405	366	348	347	375
Normalized NOPAT Margin	18.47%	18.30%	18.89%	17.42%	17.34%	16.62%	17.27%	16.00%	15.89%	15.93%	17.32%
Pre Tax Income Margin	22.48%	22.08%	21.45%	21.33%	20.62%	19.93%	20.34%	19.52%	19.10%	19.14%	19.04%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	24.63	22.18	21.90	22.74	20.40	18.79	20.39	18.27	15.50	15.39	15.88
NOPAT to Interest Expense	19.46	17.58	18.45	17.88	16.35	14.86	16.48	14.18	12.07	11.98	13.53
EBIT Less CapEx to Interest Expense	21.32	18.38	18.27	18.51	16.21	15.26	16.05	14.12	12.81	12.74	13.35
NOPAT Less CapEx to Interest Expense	16.16	13.78	14.82	13.64	12.15	11.33	12.14	10.03	9.38	9.34	11.01
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	33.25%	33.32%	33.66%	33.78%	33.98%	34.28%	34.01%	33.38%	33.22%	32.05%	31.33%
Augmented Payout Ratio	84.42%	87.54%	109.44%	78.32%	66.97%	67.33%	45.00%	62.97%	85.29%	126.14%	125.82%

Frequently Asked Questions About Cintas' Financials

When does Cintas's financial year end?

According to the most recent income statement we have on file, Cintas' fiscal year ends in May. Their fiscal year 2024 ended on May 31, 2024.

How has Cintas' net income changed over the last 9 years?

Cintas' net income appears to be on an upward trend, with a most recent value of $1.57 billion in 2024, rising from $430.62 million in 2015. The previous period was $1.35 billion in 2023. Find out what analysts predict for Cintas in the coming months.

What is Cintas's operating income?

Cintas's total operating income in 2024 was $2.07 billion, based on the following breakdown:

Total Gross Profit: $4.69 billion
Total Operating Expenses: $2.62 billion

How has Cintas revenue changed over the last 9 years?

Over the last 9 years, Cintas' total revenue changed from $4.37 billion in 2015 to $9.60 billion in 2024, a change of 119.6%.

How much debt does Cintas have?

Cintas' total liabilities were at $4.85 billion at the end of 2024, a 3.6% increase from 2023, and a 114.7% increase since 2015.

How much cash does Cintas have?

In the past 9 years, Cintas' cash and equivalents has ranged from $90.47 million in 2022 to $493.64 million in 2021, and is currently $342.02 million as of their latest financial filing in 2024.

How has Cintas' book value per share changed over the last 9 years?

Over the last 9 years, Cintas' book value per share changed from 16.89 in 2015 to 42.54 in 2024, a change of 151.8%.

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This page (NASDAQ:CTAS) was last updated on 5/21/2025 by MarketBeat.com Staff

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Cintas (CTAS) Financials

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