Cintas (CTAS) Financials

$166.97 0.00 (0.00%)

Closing price 05/8/2026 04:00 PM Eastern

Extended Trading

$168.17 +1.20 (+0.72%)

As of 09:08 AM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	5/31/2015	5/31/2016	5/31/2017	5/31/2018	5/31/2019	5/31/2020	5/31/2021	5/31/2022	5/31/2023	5/31/2024	5/31/2025
Net Income / (Loss) Attributable to Common Shareholders	431	694	481	843	885	876	1,111	1,236	1,348	1,572	1,812
Consolidated Net Income / (Loss)	431	694	481	843	885	876	1,111	1,236	1,348	1,572	1,812
Net Income / (Loss) Continuing Operations	403	449	457	784	883	876	1,111	1,236	1,348	1,572	1,812
Total Pre-Tax Income	641	705	687	841	1,102	1,058	1,288	1,499	1,693	1,974	2,264
Total Operating Income	684	769	774	950	1,134	1,163	1,385	1,587	1,803	2,069	2,360
Total Gross Profit	1,893	2,101	2,380	2,909	3,129	3,234	3,315	3,632	4,173	4,686	5,174
Total Revenue	4,370	4,796	5,323	6,477	6,892	7,085	7,116	7,854	8,816	9,597	10,340
Operating Revenue	4,370	4,796	5,323	6,477	6,892	7,085	7,116	7,854	8,816	9,597	10,340
Total Cost of Revenue	2,477	2,694	2,943	3,568	3,764	3,851	3,802	4,222	4,642	4,910	5,166
Operating Cost of Revenue	2,477	2,694	2,943	3,568	3,764	3,851	3,802	4,222	4,642	4,910	5,166
Total Operating Expenses	1,209	1,332	1,607	1,959	1,995	2,071	1,929	2,045	2,371	2,618	2,814
Selling, General & Admin Expense	1,209	1,332	1,527	1,917	1,981	2,071	1,929	2,045	2,371	2,618	2,814
Total Other Income / (Expense), net	-43	-64	-86	-109	-31	-104	-98	-89	-110	-95	-96
Interest Expense	65	65	87	110	102	105	98	89	111	101	101
Interest & Investment Income	22	0.90	0.24	1.34	71	0.99	0.47	0.24	1.72	5.74	5.58
Income Tax Expense	238	257	230	57	220	182	177	263	345	402	452
Basic Earnings per Share	$3.68	$6.30	$4.49	$7.78	$8.25	$8.36	$10.52	$11.92	$3.30	$3.85	$4.48
Weighted Average Basic Shares Outstanding	115.90M	108.22M	104.96M	108.30M	107.30M	103.50M	102.97M	101.19M	101.74M	100.77M	402.98M
Diluted Earnings per Share	$3.63	$6.21	$4.38	$7.56	$7.99	$8.11	$10.24	$11.65	$3.25	$3.79	$4.40
Weighted Average Diluted Shares Outstanding	115.90M	108.22M	104.96M	108.30M	107.30M	103.50M	102.97M	101.19M	101.74M	100.77M	402.98M
Weighted Average Basic & Diluted Shares Outstanding	115.90M	108.22M	104.96M	108.30M	107.30M	103.50M	102.97M	101.19M	101.74M	100.77M	402.98M
Cash Dividends to Common per Share	$1.70	$1.05	$1.33	$1.62	$2.05	$2.55	$5.01	$3.80	$1.15	$1.35	$1.56

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

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	8/31/2023	11/30/2023	2/29/2024	5/31/2024	8/31/2024	11/30/2024	2/28/2025	5/31/2025	8/31/2025	11/30/2025	2/28/2026
Net Income / (Loss) Attributable to Common Shareholders	385	375	398	414	452	448	463	448	491	495	502
Consolidated Net Income / (Loss)	385	375	398	414	452	448	463	448	491	495	502
Net Income / (Loss) Continuing Operations	385	375	398	414	452	448	463	448	491	495	502
Total Pre-Tax Income	476	474	496	527	537	566	586	575	596	629	632
Total Operating Income	501	500	521	548	561	591	610	597	618	656	660
Total Gross Profit	1,142	1,142	1,188	1,215	1,252	1,277	1,319	1,326	1,367	1,412	1,448
Total Revenue	2,342	2,377	2,406	2,471	2,502	2,562	2,609	2,668	2,718	2,800	2,841
Operating Revenue	2,342	2,377	2,406	2,471	2,502	2,562	2,609	2,668	2,718	2,800	2,841
Total Cost of Revenue	1,201	1,236	1,218	1,255	1,249	1,285	1,290	1,342	1,352	1,388	1,393
Operating Cost of Revenue	1,201	1,236	1,218	1,255	1,249	1,285	1,290	1,342	1,352	1,388	1,393
Total Operating Expenses	641	642	667	668	691	685	709	729	749	757	789
Selling, General & Admin Expense	641	642	667	668	691	685	709	729	749	757	789
Total Other Income / (Expense), net	-24	-26	-25	-20	-24	-26	-23	-22	-22	-27	-27
Interest Expense	25	27	26	24	26	27	25	24	24	28	28
Interest & Investment Income	0.42	0.77	0.93	3.62	1.25	0.96	1.35	2.02	2.21	0.87	0.81
Income Tax Expense	91	99	99	113	85	117	123	127	105	133	130
Basic Earnings per Share	$0.94	$0.92	$0.98	$4.07	$1.12	$1.11	$1.14	$1.11	$1.21	$1.23	$1.25
Weighted Average Basic Shares Outstanding	101.85M	101.37M	101.46M	100.77M	403.30M	403.54M	403.79M	402.98M	401.87M	399.89M	400.09M
Diluted Earnings per Share	$0.93	$0.90	$0.96	$4.00	$1.10	$1.09	$1.13	$1.11	$1.20	$1.21	$1.24
Weighted Average Diluted Shares Outstanding	101.85M	101.37M	101.46M	100.77M	403.30M	403.54M	403.79M	402.98M	401.87M	399.89M	400.09M
Weighted Average Basic & Diluted Shares Outstanding	101.85M	101.37M	101.46M	100.77M	403.30M	403.54M	403.79M	402.98M	401.87M	399.89M	400.09M
Cash Dividends to Common per Share	$0.34	$0.34	$0.34	$1.35	$0.39	$0.39	$0.39	$0.39	$0.45	$0.45	$0.45

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	5/31/2015	5/31/2016	5/31/2017	5/31/2018	5/31/2019	5/31/2020	5/31/2021	5/31/2022	5/31/2023	5/31/2024	5/31/2025
Net Change in Cash & Equivalents	-227	-524	30	-31	-42	49	348	-403	34	218	-78
Net Cash From Operating Activities	598	836	764	964	1,068	1,291	1,361	1,538	1,586	2,069	2,166
Net Cash From Continuing Operating Activities	580	466	764	964	1,071	1,291	1,361	1,538	1,586	2,069	2,166
Net Income / (Loss) Continuing Operations	431	694	481	843	885	876	1,111	1,236	1,348	1,572	1,812
Consolidated Net Income / (Loss)	431	694	481	843	885	876	1,111	1,236	1,348	1,572	1,812
Depreciation Expense	141	150	172	215	224	236	244	249	267	281	303
Amortization Expense	14	16	25	64	136	143	144	150	152	176	191
Non-Cash Adjustments To Reconcile Net Income	8.43	79	117	16	70	125	95	67	104	117	109
Changes in Operating Assets and Liabilities, net	4.04	-102	-30	-174	-244	-88	-233	-165	-285	-77	-250
Net Cash From Investing Activities	-104	-488	-2,310	-136	-236	-285	-137	-403	-382	-603	-624
Net Cash From Continuing Investing Activities	45	128	-2,310	-136	-236	-285	-137	-403	-382	-603	-624
Purchase of Property, Plant & Equipment	-218	-275	-273	-272	-277	-230	-143	-241	-331	-409	-409
Acquisitions	-15	-157	-2,102	-19	-9.81	-54	-10	-164	-46	-187	-233
Purchase of Investments	-195	-494	-181	-154	-18	-10	-4.30	-6.08	-4.57	-7.55	-7.20
Sale of Property, Plant & Equipment	-	-	-	0.00	3.20	13	32	15	0.00	0.00	24
Other Investing Activities, net	1.38	4.14	-0.20	1.36	-7.81	-4.66	-11	-7.01	0.42	0.52	1.37
Net Cash From Financing Activities	-713	-867	1,579	-864	-873	-955	-880	-1,538	-1,167	-1,248	-1,619
Net Cash From Continuing Financing Activities	-713	-867	1,579	-864	-873	-955	-880	-1,538	-1,167	-1,248	-1,619
Repayment of Debt	1.07	0.47	-273	-603	-14	-201	-4.38	-1,206	-321	-18	-472
Repurchase of Common Equity	-552	-780	-21	-127	-1,016	-465	-554	-1,526	-399	-700	-935
Payment of Dividends	-202	-115	-142	-176	-221	-268	-451	-375	-450	-531	-612
Issuance of Debt	0.00	0.00	1,983	0.00	313	-113	0.00	1,452	0.00	0.00	398
Issuance of Common Equity	40	28	32	42	65	91	130	118	3.02	1.37	0.90
Effect of Exchange Rate Changes	-8.92	-5.22	-2.13	5.14	-1.00	-2.12	4.58	-0.22	-4.19	0.21	-1.30

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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	8/31/2023	11/30/2023	2/29/2024	5/31/2024	8/31/2024	11/30/2024	2/28/2025	5/31/2025	8/31/2025	11/30/2025	2/28/2026
Net Change in Cash & Equivalents	-36	-2.57	43	214	-241	21	121	21	-126	63	-18
Net Cash From Operating Activities	337	393	657	693	460	441	622	636	414	531	621
Net Cash From Continuing Operating Activities	337	393	657	693	460	441	622	636	414	531	621
Net Income / (Loss) Continuing Operations	385	375	398	414	452	448	463	448	491	495	502
Consolidated Net Income / (Loss)	385	375	398	414	452	448	463	448	491	495	502
Depreciation Expense	68	69	71	73	74	76	76	78	78	79	80
Amortization Expense	39	40	41	42	47	55	51	44	48	48	49
Non-Cash Adjustments To Reconcile Net Income	30	23	31	32	33	28	17	31	30	32	34
Changes in Operating Assets and Liabilities, net	-185	-114	117	131	-145	-165	15	35	-233	-124	-44
Net Cash From Investing Activities	-170	-112	-221	-105	-109	-235	-125	-149	-116	-193	-101
Net Cash From Continuing Investing Activities	-170	-112	-221	-105	-109	-235	-125	-149	-116	-193	-101
Purchase of Property, Plant & Equipment	-107	-94	-107	-102	-93	-101	-100	-115	-102	-106	-91
Acquisitions	-56	-18	-111	-1.81	-9.44	-145	-44	-34	-7.60	-86	-9.45
Purchase of Investments	-6.53	-0.95	-0.12	0.05	-7.12	0.03	0.03	-0.13	-6.54	0.03	-1.77
Other Investing Activities, net	-0.96	0.77	-2.90	-1.68	0.00	6.25	0.39	-0.42	-0.13	-1.00	1.04
Net Cash From Financing Activities	-202	-283	-394	-374	-591	-184	-374	-468	-424	-275	-540
Net Cash From Continuing Financing Activities	-202	-283	-394	-374	-591	-184	-374	-468	-424	-275	-540
Repayment of Debt	-12	-5.76	-1.52	-4.63	-4.46	-5.45	-8.01	-452	-2.81	-8.28	-6.46
Repurchase of Common Equity	-73	-350	-45	-232	-615	-37	-27	-257	-266	-636	-32
Payment of Dividends	-118	-138	-137	-138	-138	-157	-158	-158	-158	-182	-181
Issuance of Debt	0.00	210	-210	-	166	15	-	-	0.00	551	-321
Issuance of Common Equity	0.48	0.45	0.35	0.10	0.23	0.34	0.12	0.20	2.67	0.43	0.06
Effect of Exchange Rate Changes	-0.76	0.54	0.56	-0.14	-0.25	-1.56	-1.98	2.49	-0.08	-0.66	1.92

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	5/31/2015	5/31/2016	5/31/2017	5/31/2018	5/31/2019	5/31/2020	5/31/2021	5/31/2022	5/31/2023	5/31/2024	5/31/2025
Total Assets	4,192	4,099	6,844	6,958	7,437	7,670	8,237	8,147	8,546	9,169	9,825
Total Current Assets	1,736	1,591	1,954	1,978	2,236	2,310	2,843	2,632	2,938	3,185	3,436
Cash & Equivalents	417	139	169	139	97	145	494	90	124	342	264
Accounts Receivable	496	546	736	805	910	870	902	1,006	1,153	1,244	1,417
Inventories, net	226	249	278	280	335	409	482	472	507	410	447
Prepaid Expenses	24	26	30	32	103	115	134	125	143	149	170
Other Current Assets	534	538	636	702	784	770	810	917	1,012	1,040	1,137
Plant, Property, & Equipment, net	871	994	1,324	1,383	1,431	1,403	1,318	1,324	1,396	1,534	1,652
Total Noncurrent Assets	1,585	1,515	3,566	3,598	3,770	3,957	4,075	4,192	4,211	4,449	4,737
Long-Term Investments	330	125	165	176	192	-	275	243	247	302	340
Goodwill	1,196	1,276	2,782	2,847	2,842	2,870	2,913	3,043	3,056	3,212	3,400
Intangible Assets	42	78	587	546	495	-	408	392	347	322	534
Other Noncurrent Operating Assets	17	14	32	29	240	1,087	479	514	561	613	463
Total Liabilities & Shareholders' Equity	4,192	4,099	6,844	6,958	7,437	7,670	8,237	8,147	8,546	9,169	9,825
Total Liabilities	2,260	2,256	4,541	3,942	4,434	4,435	4,549	4,839	4,682	4,852	5,141
Total Current Liabilities	509	816	1,131	776	1,128	885	1,934	1,433	1,230	1,829	1,645
Short-Term Debt	0.00	250	363	0.00	312	0.00	899	312	0.00	450	0.00
Accounts Payable	110	111	177	215	226	231	231	252	302	339	485
Accrued Expenses	310	343	430	420	434	457	519	589	633	761	875
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	0.00	27	-	0.00	12	19	4.03
Current Employee Benefit Liabilities	88	101	150	141	156	127	241	237	239	214	230
Other Current Liabilities	-	-	-	-	0.00	43	44	44	44	46	51
Total Noncurrent Liabilities	1,751	1,441	3,410	3,166	3,306	3,549	2,615	3,406	3,452	3,024	3,496
Long-Term Debt	1,300	1,044	2,771	2,535	2,538	2,540	1,643	2,484	2,486	2,026	2,425
Noncurrent Deferred & Payable Income Tax Liabilities	339	259	469	353	438	389	387	474	498	476	472
Other Noncurrent Operating Liabilities	112	137	170	278	331	621	585	448	468	522	600
Total Equity & Noncontrolling Interests	1,932	1,843	2,303	3,017	3,003	3,235	3,688	3,308	3,864	4,316	4,684
Total Preferred & Common Equity	1,932	1,843	2,303	3,017	3,003	3,235	3,688	3,308	3,864	4,316	4,684
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	1,932	1,843	2,303	3,017	3,003	3,235	3,688	3,308	3,864	4,316	4,684
Common Stock	486	615	709	864	1,068	1,274	1,516	1,772	2,032	2,305	2,593
Retained Earnings	4,228	4,806	5,171	5,838	6,691	7,297	7,877	8,719	9,597	10,618	11,798
Treasury Stock	-2,773	-3,553	-3,574	-3,701	-4,718	-5,182	-5,736	-7,291	-7,843	-	-9,792
Accumulated Other Comprehensive Income / (Loss)	-8.47	-25	-3.03	16	-39	-153	31	108	78	91	84

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	5/31/2023	8/31/2023	11/30/2023	2/29/2024	5/31/2024	8/31/2024	11/30/2024	2/28/2025	8/31/2025	11/30/2025	2/28/2026
Total Assets	8,546	8,720	8,814	8,979	9,169	9,069	9,367	9,611	9,838	10,133	10,234
Total Current Assets	2,938	2,988	3,037	3,031	3,185	3,043	3,170	3,341	3,376	3,540	3,603
Cash & Equivalents	124	88	86	128	342	101	122	243	138	201	183
Accounts Receivable	1,153	1,197	1,274	1,262	1,244	1,294	1,370	1,398	1,421	1,484	1,543
Inventories, net	507	498	475	451	410	399	395	421	450	448	451
Prepaid Expenses	143	182	167	164	149	188	178	179	195	194	186
Other Current Assets	1,012	1,022	1,036	1,026	1,040	1,061	1,094	1,100	1,172	1,213	1,241
Plant, Property, & Equipment, net	1,396	1,439	1,464	1,506	1,534	1,555	1,591	1,610	1,677	1,703	1,717
Total Noncurrent Assets	4,211	4,293	4,313	4,442	4,449	4,471	4,605	4,659	4,785	4,890	4,914
Long-Term Investments	247	267	270	294	302	326	340	337	370	386	407
Goodwill	3,056	3,105	3,121	3,212	3,212	3,224	3,323	3,354	3,411	3,484	3,499
Intangible Assets	347	522	509	522	322	311	508	525	298	552	542
Other Noncurrent Operating Assets	561	399	414	413	613	610	435	444	706	468	466
Total Liabilities & Shareholders' Equity	8,546	8,720	8,814	8,979	9,169	9,069	9,367	9,611	9,838	10,133	10,234
Total Liabilities	4,682	4,642	4,819	4,745	4,852	5,047	5,073	5,019	5,082	5,678	5,445
Total Current Liabilities	1,230	1,169	1,358	1,274	1,829	1,985	2,008	1,941	1,508	2,076	1,817
Short-Term Debt	0.00	-	210	-	450	616	631	450	-	551	229
Accounts Payable	302	315	317	308	339	396	418	408	462	503	481
Accrued Expenses	633	592	619	721	761	717	754	825	780	798	831
Current Deferred & Payable Income Tax Liabilities	12	101	13	18	19	85	0.00	0.00	79	3.65	11
Current Employee Benefit Liabilities	239	117	154	183	214	125	158	209	135	168	210
Other Current Liabilities	44	44	44	44	46	47	47	49	52	53	54
Total Noncurrent Liabilities	3,452	3,473	3,462	3,471	3,024	3,062	3,066	3,078	3,574	3,602	3,628
Long-Term Debt	2,486	2,477	2,474	2,475	2,026	2,026	2,027	2,027	2,426	2,427	2,427
Noncurrent Deferred & Payable Income Tax Liabilities	498	500	497	481	476	474	477	467	484	495	508
Other Noncurrent Operating Liabilities	468	496	490	515	522	561	562	583	664	680	694
Total Equity & Noncontrolling Interests	3,864	4,078	3,994	4,234	4,316	4,021	4,293	4,592	4,756	4,455	4,788
Total Preferred & Common Equity	3,864	4,078	3,994	4,234	4,316	4,021	4,293	4,592	4,756	4,455	4,788
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	3,864	4,078	3,994	4,234	4,316	4,021	4,293	4,592	4,756	4,455	4,788
Common Stock	2,032	2,121	2,180	2,246	2,305	2,416	2,474	2,526	2,694	2,744	2,808
Retained Earnings	9,597	9,844	10,081	10,341	10,618	10,912	11,203	11,508	12,107	12,422	12,744
Treasury Stock	-7,843	-7,975	-	-8,440	-	-	-	-9,499	-10,126	-	-10,839
Accumulated Other Comprehensive Income / (Loss)	78	87	93	86	91	83	69	57	80	68	76

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	5/31/2015	5/31/2016	5/31/2017	5/31/2018	5/31/2019	5/31/2020	5/31/2021	5/31/2022	5/31/2023	5/31/2024	5/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.19%	9.75%	11.00%	21.66%	6.42%	2.80%	0.44%	10.37%	12.24%	8.86%	7.75%
EBITDA Growth	5.69%	11.39%	3.86%	26.69%	21.51%	3.22%	15.03%	12.05%	11.31%	13.53%	13.00%
EBIT Growth	13.43%	12.48%	0.62%	22.77%	19.34%	2.57%	19.16%	14.57%	13.56%	14.75%	14.07%
NOPAT Growth	13.35%	13.84%	5.24%	72.02%	2.51%	6.09%	24.15%	9.50%	9.66%	14.77%	14.66%
Net Income Growth	15.00%	61.05%	-30.69%	75.28%	5.03%	-1.01%	26.82%	11.23%	9.08%	16.59%	15.32%
EPS Growth	19.02%	71.07%	-29.47%	72.60%	5.69%	1.50%	26.26%	13.77%	11.50%	16.63%	16.10%
Operating Cash Flow Growth	-1.29%	39.71%	-8.59%	26.22%	10.76%	20.94%	5.36%	13.00%	3.91%	30.16%	4.71%
Free Cash Flow Firm Growth	-44.62%	-67.03%	-1,165.23%	139.68%	-17.00%	54.20%	52.02%	-26.65%	22.66%	20.55%	3.50%
Invested Capital Growth	-2.90%	13.20%	82.27%	3.65%	6.22%	1.19%	-2.98%	5.66%	3.62%	2.82%	5.83%
Revenue Q/Q Growth	4.21%	2.71%	7.44%	2.20%	1.83%	-2.40%	3.13%	3.14%	2.44%	1.98%	1.94%
EBITDA Q/Q Growth	-0.34%	3.17%	0.98%	8.65%	4.78%	-6.33%	9.28%	2.70%	3.22%	3.57%	2.03%
EBIT Q/Q Growth	0.54%	3.39%	-1.63%	10.24%	4.51%	-8.43%	12.05%	3.12%	3.82%	3.86%	2.16%
NOPAT Q/Q Growth	0.20%	3.52%	-1.46%	11.14%	4.33%	-7.74%	11.31%	1.92%	3.86%	4.09%	1.89%
Net Income Q/Q Growth	-4.86%	3.85%	-8.85%	13.76%	4.73%	-8.51%	12.47%	2.21%	3.99%	4.53%	1.91%
EPS Q/Q Growth	-3.46%	5.43%	-9.50%	13.51%	5.41%	-8.05%	12.16%	3.01%	4.25%	4.55%	0.00%
Operating Cash Flow Q/Q Growth	0.75%	61.43%	-25.28%	2.46%	9.64%	-3.02%	7.85%	6.56%	0.19%	7.19%	-2.58%
Free Cash Flow Firm Q/Q Growth	-55.96%	-19.60%	-837.09%	149.09%	26.41%	-17.63%	53.94%	-22.24%	6.99%	10.83%	-7.28%
Invested Capital Q/Q Growth	-1.19%	1.01%	66.91%	-0.27%	-1.73%	0.24%	-5.91%	-0.55%	-0.97%	-2.20%	0.26%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	43.32%	43.82%	44.71%	44.91%	45.39%	45.64%	46.58%	46.24%	47.34%	48.83%	50.04%
EBITDA Margin	19.19%	19.48%	18.23%	18.98%	21.67%	21.76%	24.92%	25.30%	25.09%	26.17%	27.60%
Operating Margin	15.65%	16.03%	14.53%	14.67%	16.45%	16.41%	19.47%	20.21%	20.45%	21.56%	22.82%
EBIT Margin	15.65%	16.03%	14.53%	14.67%	16.45%	16.41%	19.47%	20.21%	20.45%	21.56%	22.82%
Profit (Net Income) Margin	9.85%	14.46%	9.03%	13.01%	12.84%	12.36%	15.61%	15.73%	15.29%	16.38%	17.53%
Tax Burden Percent	67.23%	98.33%	69.93%	100.19%	80.28%	82.78%	86.27%	82.45%	79.62%	79.63%	80.04%
Interest Burden Percent	93.70%	91.73%	88.85%	88.54%	97.25%	91.02%	92.95%	94.42%	93.92%	95.41%	95.95%
Effective Tax Rate	37.16%	36.40%	33.48%	6.79%	19.94%	17.19%	13.73%	17.55%	20.38%	20.37%	19.96%
Return on Invested Capital (ROIC)	17.28%	18.73%	13.15%	17.21%	16.81%	17.20%	21.55%	23.31%	24.43%	27.17%	29.85%
ROIC Less NNEP Spread (ROIC-NNEP)	17.52%	47.01%	11.31%	15.49%	15.86%	13.70%	17.51%	19.86%	20.62%	23.33%	25.67%
Return on Net Nonoperating Assets (RNNOA)	3.59%	18.01%	10.04%	14.47%	12.60%	10.88%	10.54%	12.02%	13.16%	11.26%	10.42%
Return on Equity (ROE)	20.88%	36.74%	23.19%	31.68%	29.41%	28.09%	32.09%	35.33%	37.59%	38.42%	40.27%
Cash Return on Invested Capital (CROIC)	20.23%	6.35%	-45.13%	13.62%	10.77%	16.02%	24.58%	17.81%	20.88%	24.39%	24.19%
Operating Return on Assets (OROA)	15.80%	18.55%	14.14%	13.76%	15.75%	15.39%	17.42%	19.38%	21.60%	23.35%	24.85%
Return on Assets (ROA)	9.95%	16.73%	8.79%	12.21%	12.30%	11.60%	13.97%	15.08%	16.15%	17.74%	19.08%
Return on Common Equity (ROCE)	20.88%	36.74%	23.19%	31.68%	29.41%	28.09%	32.09%	35.33%	37.59%	38.42%	40.27%
Return on Equity Simple (ROE_SIMPLE)	22.28%	37.64%	20.88%	27.93%	29.47%	27.08%	30.13%	37.35%	34.89%	36.41%	0.00%
Net Operating Profit after Tax (NOPAT)	430	489	515	885	908	963	1,195	1,309	1,435	1,647	1,889
NOPAT Margin	9.83%	10.20%	9.67%	13.67%	13.17%	13.59%	16.80%	16.66%	16.28%	17.16%	18.27%
Net Nonoperating Expense Percent (NNEP)	-0.23%	-28.28%	1.85%	1.72%	0.94%	3.50%	4.05%	3.45%	3.81%	3.83%	4.19%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	26.57%
Cost of Revenue to Revenue	56.68%	56.18%	55.29%	55.09%	54.61%	54.36%	53.42%	53.76%	52.66%	51.17%	49.96%
SG&A Expenses to Revenue	27.67%	27.78%	28.69%	29.60%	28.74%	29.23%	27.11%	26.03%	26.89%	27.28%	27.22%
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	27.67%	27.78%	30.18%	30.24%	28.95%	29.23%	27.11%	26.03%	26.89%	27.28%	27.22%
Earnings before Interest and Taxes (EBIT)	684	769	774	950	1,134	1,163	1,385	1,587	1,803	2,069	2,360
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	839	934	970	1,229	1,494	1,542	1,773	1,987	2,212	2,511	2,854
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.60	5.03	5.32	6.03	7.30	7.61	9.76	12.06	12.28	15.90	19.52
Price to Tangible Book Value (P/TBV)	12.80	18.96	0.00	0.00	0.00	67.45	98.24	0.00	102.92	87.78	93.86
Price to Revenue (P/Rev)	2.03	1.93	2.30	2.81	3.18	3.48	5.06	5.08	5.38	7.15	8.84
Price to Earnings (P/E)	20.64	13.35	25.50	21.58	24.78	28.12	32.39	32.27	35.21	43.68	50.47
Dividend Yield	1.09%	1.21%	1.14%	0.95%	0.98%	1.08%	1.26%	0.98%	0.99%	0.80%	0.69%
Earnings Yield	4.84%	7.49%	3.92%	4.63%	4.03%	3.56%	3.09%	3.10%	2.84%	2.29%	1.98%
Enterprise Value to Invested Capital (EV/IC)	3.85	3.69	2.98	3.90	4.40	4.80	6.91	7.34	8.29	11.46	14.34
Enterprise Value to Revenue (EV/Rev)	2.16	2.13	2.82	3.15	3.55	3.81	5.31	5.39	5.62	7.34	9.02
Enterprise Value to EBITDA (EV/EBITDA)	11.24	10.94	15.50	16.60	16.40	17.53	21.29	21.31	22.42	28.07	32.68
Enterprise Value to EBIT (EV/EBIT)	13.79	13.29	19.44	21.48	21.61	23.25	27.25	26.67	27.51	34.07	39.53
Enterprise Value to NOPAT (EV/NOPAT)	21.94	20.90	29.22	23.05	26.99	28.07	31.59	32.35	34.55	42.79	49.39
Enterprise Value to Operating Cash Flow (EV/OCF)	15.76	12.23	19.69	21.16	22.94	20.93	27.75	27.54	31.03	33.89	43.07
Enterprise Value to Free Cash Flow (EV/FCFF)	18.75	61.65	0.00	29.12	42.12	30.14	27.70	42.35	40.43	47.67	60.95
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.67	0.70	1.36	0.84	0.95	0.79	0.69	0.85	0.64	0.57	0.52
Long-Term Debt to Equity	0.67	0.57	1.20	0.84	0.85	0.79	0.45	0.75	0.64	0.47	0.52
Financial Leverage	0.21	0.38	0.89	0.93	0.79	0.79	0.60	0.61	0.64	0.48	0.41
Leverage Ratio	2.10	2.20	2.64	2.59	2.39	2.42	2.30	2.34	2.33	2.17	2.11
Compound Leverage Factor	1.97	2.01	2.35	2.30	2.33	2.20	2.14	2.21	2.19	2.07	2.02
Debt to Total Capital	40.22%	41.26%	57.64%	45.67%	48.69%	43.98%	40.80%	45.80%	39.15%	36.45%	34.11%
Short-Term Debt to Total Capital	0.00%	7.97%	6.68%	0.00%	5.34%	0.00%	14.43%	5.10%	0.00%	6.62%	0.00%
Long-Term Debt to Total Capital	40.22%	33.29%	50.97%	45.67%	43.36%	43.98%	26.37%	40.70%	39.15%	29.83%	34.11%
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	59.78%	58.74%	42.36%	54.33%	51.31%	56.02%	59.20%	54.20%	60.85%	63.55%	65.89%
Debt to EBITDA	1.55	1.39	3.23	2.06	1.91	1.65	1.43	1.41	1.12	0.99	0.85
Net Debt to EBITDA	0.64	1.03	2.86	1.81	1.71	1.55	1.00	1.24	0.96	0.73	0.64
Long-Term Debt to EBITDA	1.55	1.12	2.86	2.06	1.70	1.65	0.93	1.25	1.12	0.81	0.85
Debt to NOPAT	3.03	2.65	6.09	2.86	3.14	2.64	2.13	2.14	1.73	1.50	1.28
Net Debt to NOPAT	1.25	1.96	5.40	2.51	2.82	2.49	1.48	1.88	1.47	1.11	0.96
Long-Term Debt to NOPAT	3.03	2.14	5.38	2.86	2.80	2.64	1.37	1.90	1.73	1.23	1.28
Altman Z-Score	5.70	6.12	3.97	5.53	5.84	6.31	7.64	8.23	9.62	12.08	14.42
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	3.41	1.95	1.73	2.55	1.98	2.61	1.47	1.84	2.39	1.74	2.09
Quick Ratio	1.83	0.93	0.82	1.22	0.89	1.15	0.72	0.77	1.04	0.87	1.02
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	503	166	-1,766	701	582	897	1,363	1,000	1,227	1,479	1,530
Operating Cash Flow to CapEx	274.74%	303.47%	279.49%	354.86%	390.42%	595.18%	1,217.50%	682.40%	482.56%	507.92%	562.70%
Free Cash Flow to Firm to Interest Expense	7.72	2.57	-20.41	6.36	5.72	8.51	13.88	11.26	11.03	14.68	15.14
Operating Cash Flow to Interest Expense	9.18	12.95	8.83	8.75	10.50	12.25	13.86	17.31	14.36	20.65	21.42
Operating Cash Flow Less CapEx to Interest Expense	5.84	8.68	5.67	6.29	7.81	10.20	12.72	14.77	11.39	16.58	17.61
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.01	1.16	0.97	0.94	0.96	0.94	0.89	0.96	1.06	1.08	1.09
Accounts Receivable Turnover	8.70	9.20	8.30	8.41	8.04	7.96	8.03	8.23	8.17	8.01	7.77
Inventory Turnover	10.37	11.33	11.16	12.78	12.24	10.36	8.54	8.85	9.49	10.71	12.05
Fixed Asset Turnover	5.06	5.14	4.59	4.79	4.90	5.00	5.23	5.95	6.48	6.55	6.49
Accounts Payable Turnover	19.08	24.43	20.44	18.20	17.07	16.85	16.47	17.51	16.77	15.31	12.53
Days Sales Outstanding (DSO)	41.96	39.68	43.97	43.41	45.40	45.86	45.45	44.33	44.70	45.59	46.98
Days Inventory Outstanding (DIO)	35.18	32.21	32.72	28.57	29.82	35.23	42.76	41.23	38.48	34.08	30.30
Days Payable Outstanding (DPO)	19.13	14.94	17.86	20.06	21.39	21.66	22.17	20.85	21.77	23.84	29.12
Cash Conversion Cycle (CCC)	58.00	56.95	58.82	51.92	53.83	59.44	66.04	64.72	61.40	55.82	48.15
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,449	2,772	5,053	5,238	5,564	5,630	5,461	5,770	5,979	6,148	6,506
Invested Capital Turnover	1.76	1.84	1.36	1.26	1.28	1.27	1.28	1.40	1.50	1.58	1.63
Increase / (Decrease) in Invested Capital	-73	323	2,281	185	326	66	-168	309	209	169	358
Enterprise Value (EV)	9,426	10,221	15,037	20,404	24,495	27,027	37,761	42,343	49,583	70,480	93,279
Market Capitalization	8,889	9,261	12,260	18,183	21,934	24,633	35,987	39,881	47,468	68,648	91,458
Book Value per Share	$16.89	$17.22	$21.86	$28.27	$28.71	$31.09	$35.10	$32.33	$37.99	$42.54	$11.60
Tangible Book Value per Share	$6.07	$4.56	($10.13)	($3.52)	($3.20)	$3.51	$3.49	($1.24)	$4.53	$7.71	$2.41
Total Capital	3,232	3,137	5,436	5,552	5,852	5,775	6,230	6,104	6,350	6,792	7,109
Total Debt	1,300	1,294	3,134	2,535	2,850	2,540	2,542	2,796	2,486	2,476	2,425
Total Long-Term Debt	1,300	1,044	2,771	2,535	2,538	2,540	1,643	2,484	2,486	2,026	2,425
Net Debt	537	960	2,777	2,221	2,561	2,394	1,774	2,462	2,115	1,831	1,822
Capital Expenditures (CapEx)	218	275	273	272	274	217	112	225	331	409	385
Debt-free, Cash-free Net Working Capital (DFCFNWC)	794	815	995	1,063	1,324	1,279	1,315	1,420	1,584	1,464	1,528
Debt-free Net Working Capital (DFNWC)	1,227	1,025	1,187	1,202	1,421	1,425	1,808	1,511	1,708	1,806	1,792
Net Working Capital (NWC)	1,227	775	824	1,202	1,109	1,425	909	1,199	1,708	1,357	1,792
Net Nonoperating Expense (NNE)	-0.99	-204	34	43	23	87	84	73	87	76	76
Net Nonoperating Obligations (NNO)	517	930	2,750	2,221	2,561	2,394	1,774	2,462	2,115	1,831	1,822
Total Depreciation and Amortization (D&A)	155	165	197	279	360	379	388	400	409	442	494
Debt-free, Cash-free Net Working Capital to Revenue	18.17%	17.00%	18.69%	16.42%	19.21%	18.05%	18.47%	18.08%	17.97%	15.26%	14.77%
Debt-free Net Working Capital to Revenue	28.08%	21.37%	22.29%	18.56%	20.61%	20.11%	25.41%	19.23%	19.38%	18.82%	17.33%
Net Working Capital to Revenue	28.08%	16.16%	15.47%	18.56%	16.08%	20.11%	12.78%	15.27%	19.38%	14.14%	17.33%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.68	$6.30	$4.49	$7.78	$8.25	$8.36	$10.52	$11.92	$13.21	$15.40	$4.48
Adjusted Weighted Average Basic Shares Outstanding	110.21M	104.21M	105.44M	106.28M	102.49M	103.50M	102.97M	101.19M	101.74M	100.77M	402.98M
Adjusted Diluted Earnings per Share	$3.63	$6.21	$4.38	$7.56	$7.99	$8.11	$10.24	$11.65	$12.99	$15.15	$4.40
Adjusted Weighted Average Diluted Shares Outstanding	110.21M	104.21M	105.44M	106.28M	102.49M	103.50M	102.97M	101.19M	101.74M	100.77M	402.98M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$8.25	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	110.21M	104.21M	105.44M	106.28M	102.49M	103.50M	102.97M	101.19M	101.74M	100.77M	402.98M
Normalized Net Operating Profit after Tax (NOPAT)	430	489	567	924	919	963	1,195	1,309	1,435	1,647	1,889
Normalized NOPAT Margin	9.83%	10.20%	10.66%	14.27%	13.34%	13.59%	16.80%	16.66%	16.28%	17.16%	18.27%
Pre Tax Income Margin	14.66%	14.71%	12.91%	12.99%	15.99%	14.94%	18.10%	19.08%	19.21%	20.57%	21.90%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.49	11.92	8.94	8.62	11.14	11.03	14.11	17.87	16.21	20.53	23.34
NOPAT to Interest Expense	6.59	7.58	5.95	8.04	8.92	9.14	12.17	14.73	12.90	16.35	18.68
EBIT Less CapEx to Interest Expense	7.15	7.65	5.78	6.16	8.45	8.97	12.97	15.33	13.23	16.47	19.53
NOPAT Less CapEx to Interest Expense	3.25	3.31	2.79	5.57	6.23	7.08	11.03	12.20	9.93	12.29	14.87
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	46.88%	16.62%	29.63%	20.84%	24.95%	30.59%	40.62%	30.36%	33.38%	33.78%	33.75%
Augmented Payout Ratio	175.06%	129.11%	33.94%	35.95%	139.78%	83.61%	90.50%	153.83%	62.97%	78.32%	85.33%

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

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	8/31/2023	11/30/2023	2/29/2024	5/31/2024	8/31/2024	11/30/2024	2/28/2025	5/31/2025	8/31/2025	11/30/2025	2/28/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	399,889,646.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	399,889,646.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.26
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.12%	9.30%	9.87%	8.16%	6.80%	7.77%	8.44%	7.96%	8.66%	9.30%	8.90%
EBITDA Growth	12.44%	11.49%	15.02%	15.05%	11.34%	18.48%	16.56%	6.25%	9.15%	9.82%	7.23%
EBIT Growth	13.73%	12.31%	16.56%	16.31%	12.08%	18.35%	17.10%	9.10%	10.13%	10.88%	8.21%
NOPAT Growth	7.83%	13.99%	19.92%	17.74%	16.80%	18.69%	15.51%	8.14%	7.76%	10.22%	8.77%
Net Income Growth	9.50%	15.52%	22.02%	19.67%	17.39%	19.72%	16.58%	8.19%	8.65%	10.45%	8.41%
EPS Growth	9.50%	15.52%	22.29%	19.76%	17.39%	21.11%	17.71%	-72.99%	9.09%	11.01%	9.73%
Operating Cash Flow Growth	13.01%	22.33%	54.60%	25.18%	38.52%	12.41%	-5.34%	-6.75%	-9.97%	19.45%	0.16%
Free Cash Flow Firm Growth	-64.24%	277.25%	50.20%	66.88%	286.54%	238.73%	65.10%	-59.08%	-83.48%	-47.44%	-43.08%
Invested Capital Growth	4.94%	5.07%	4.11%	2.82%	0.59%	2.61%	3.23%	5.83%	7.01%	5.50%	5.63%
Revenue Q/Q Growth	2.53%	1.49%	1.22%	2.69%	1.24%	2.41%	1.85%	2.24%	1.89%	3.01%	1.48%
EBITDA Q/Q Growth	5.47%	0.25%	3.83%	4.79%	2.07%	6.68%	2.14%	-2.38%	3.40%	5.30%	0.68%
EBIT Q/Q Growth	6.32%	-0.17%	4.23%	5.14%	2.45%	5.41%	3.12%	-2.03%	3.42%	6.13%	0.64%
NOPAT Q/Q Growth	10.68%	-2.36%	5.64%	3.14%	9.80%	-0.78%	2.80%	-3.44%	9.41%	1.48%	1.45%
Net Income Q/Q Growth	11.23%	-2.72%	6.13%	4.21%	9.10%	-0.78%	3.35%	-3.29%	9.57%	0.86%	1.44%
EPS Q/Q Growth	11.23%	-2.72%	6.37%	4.17%	9.10%	-0.91%	3.67%	-1.77%	8.11%	0.83%	2.48%
Operating Cash Flow Q/Q Growth	-39.14%	16.54%	67.34%	5.47%	-32.65%	-5.43%	40.92%	2.21%	-34.80%	28.17%	16.99%
Free Cash Flow Firm Q/Q Growth	-28.15%	-20.45%	88.41%	54.94%	66.44%	-30.29%	-8.17%	-61.60%	-32.81%	121.80%	-0.55%
Invested Capital Q/Q Growth	3.69%	1.99%	-0.58%	-2.20%	1.45%	4.04%	0.02%	0.26%	2.58%	2.57%	0.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	48.74%	48.02%	49.37%	49.19%	50.05%	49.84%	50.57%	49.71%	50.28%	50.45%	50.98%
EBITDA Margin	25.93%	25.61%	26.27%	26.81%	27.03%	28.16%	28.24%	26.97%	27.36%	27.97%	27.75%
Operating Margin	21.37%	21.02%	21.64%	22.16%	22.43%	23.09%	23.37%	22.40%	22.73%	23.42%	23.22%
EBIT Margin	21.37%	21.02%	21.64%	22.16%	22.43%	23.09%	23.37%	22.40%	22.73%	23.42%	23.22%
Profit (Net Income) Margin	16.44%	15.76%	16.52%	16.77%	18.07%	17.51%	17.76%	16.80%	18.07%	17.69%	17.68%
Tax Burden Percent	80.83%	79.06%	80.12%	78.60%	84.23%	79.28%	79.04%	77.90%	82.42%	78.81%	79.45%
Interest Burden Percent	95.18%	94.83%	95.28%	96.26%	95.66%	95.65%	96.16%	96.31%	96.45%	95.85%	95.85%
Effective Tax Rate	19.17%	20.94%	19.88%	21.40%	15.77%	20.72%	20.96%	22.10%	17.58%	21.19%	20.55%
Return on Invested Capital (ROIC)	25.66%	24.76%	26.48%	27.57%	29.64%	28.40%	29.34%	28.51%	30.64%	29.88%	30.49%
ROIC Less NNEP Spread (ROIC-NNEP)	24.84%	23.93%	25.60%	26.75%	28.69%	27.50%	28.40%	27.57%	29.76%	28.95%	29.40%
Return on Net Nonoperating Assets (RNNOA)	16.32%	15.84%	14.50%	12.91%	15.36%	15.01%	12.71%	11.19%	14.02%	15.17%	12.42%
Return on Equity (ROE)	41.97%	40.60%	40.99%	40.47%	45.00%	43.41%	42.04%	39.70%	44.65%	45.06%	42.91%
Cash Return on Invested Capital (CROIC)	19.38%	19.58%	21.65%	24.39%	26.99%	25.35%	25.84%	24.19%	23.06%	24.24%	24.73%
Operating Return on Assets (OROA)	22.63%	22.42%	23.35%	24.01%	24.60%	25.24%	25.51%	24.38%	25.38%	25.93%	25.81%
Return on Assets (ROA)	17.41%	16.81%	17.83%	18.17%	19.82%	19.14%	19.39%	18.30%	20.18%	19.59%	19.65%
Return on Common Equity (ROCE)	41.97%	40.60%	40.99%	40.47%	45.00%	43.41%	42.04%	39.70%	44.65%	45.06%	42.91%
Return on Equity Simple (ROE_SIMPLE)	33.88%	35.84%	35.51%	0.00%	40.75%	39.89%	38.72%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	405	395	417	430	473	469	482	465	509	517	524
NOPAT Margin	17.27%	16.62%	17.34%	17.42%	18.89%	18.30%	18.47%	17.45%	18.73%	18.46%	18.45%
Net Nonoperating Expense Percent (NNEP)	0.81%	0.83%	0.88%	0.81%	0.95%	0.90%	0.94%	0.94%	0.88%	0.94%	1.10%
Return On Investment Capital (ROIC_SIMPLE)	-	5.91%	-	-	-	6.75%	6.82%	6.55%	7.09%	6.95%	7.04%
Cost of Revenue to Revenue	51.26%	51.98%	50.63%	50.81%	49.95%	50.16%	49.43%	50.29%	49.72%	49.55%	49.02%
SG&A Expenses to Revenue	27.37%	27.00%	27.72%	27.03%	27.63%	26.75%	27.19%	27.31%	27.54%	27.03%	27.75%
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	27.37%	27.00%	27.72%	27.03%	27.63%	26.75%	27.19%	27.31%	27.54%	27.03%	27.75%
Earnings before Interest and Taxes (EBIT)	501	500	521	548	561	591	610	597	618	656	660
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	607	609	632	663	676	721	737	719	744	783	789
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	12.47	13.99	14.99	15.90	20.17	21.21	18.23	19.52	17.80	16.78	16.80
Price to Tangible Book Value (P/TBV)	112.81	153.02	127.12	87.78	166.70	196.93	117.28	93.86	80.84	177.97	107.62
Price to Revenue (P/Rev)	5.66	6.08	6.74	7.15	8.32	9.16	8.26	8.84	8.02	6.93	7.29
Price to Earnings (P/E)	36.81	39.04	42.21	43.68	49.51	53.18	47.09	50.47	45.72	39.38	41.52
Dividend Yield	0.96%	0.91%	0.83%	0.80%	0.70%	0.64%	0.73%	0.69%	0.77%	0.90%	0.87%
Earnings Yield	2.72%	2.56%	2.37%	2.29%	2.02%	1.88%	2.12%	1.98%	2.19%	2.54%	2.41%
Enterprise Value to Invested Capital (EV/IC)	8.54	9.21	10.42	11.46	13.36	14.37	13.20	14.34	12.97	11.27	12.03
Enterprise Value to Revenue (EV/Rev)	5.89	6.33	6.96	7.34	8.54	9.38	8.44	9.02	8.20	7.15	7.48
Enterprise Value to EBITDA (EV/EBITDA)	23.24	24.87	27.03	28.07	32.31	34.64	30.61	32.68	29.68	25.83	27.14
Enterprise Value to EBIT (EV/EBIT)	28.43	30.36	32.89	34.07	39.15	41.99	37.07	39.53	35.82	31.10	32.60
Enterprise Value to NOPAT (EV/NOPAT)	36.16	38.48	41.40	42.79	48.59	52.13	46.19	49.39	44.95	39.09	40.93
Enterprise Value to Operating Cash Flow (EV/OCF)	32.37	34.09	33.77	33.89	37.72	41.30	38.52	43.07	40.83	34.96	37.37
Enterprise Value to Free Cash Flow (EV/FCFF)	45.16	48.21	49.11	47.67	49.66	57.43	51.88	60.95	58.16	47.73	49.99
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.61	0.67	0.58	0.57	0.66	0.62	0.54	0.52	0.51	0.67	0.55
Long-Term Debt to Equity	0.61	0.62	0.58	0.47	0.50	0.47	0.44	0.52	0.51	0.54	0.51
Financial Leverage	0.66	0.66	0.57	0.48	0.54	0.55	0.45	0.41	0.47	0.52	0.42
Leverage Ratio	2.32	2.32	2.22	2.17	2.20	2.19	2.11	2.11	2.15	2.23	2.12
Compound Leverage Factor	2.21	2.20	2.11	2.08	2.10	2.10	2.03	2.03	2.08	2.14	2.03
Debt to Total Capital	37.79%	40.19%	36.89%	36.45%	39.65%	38.24%	35.04%	34.11%	33.78%	40.06%	35.68%
Short-Term Debt to Total Capital	0.00%	3.14%	0.00%	6.62%	9.24%	9.08%	6.36%	0.00%	0.00%	7.41%	3.08%
Long-Term Debt to Total Capital	37.79%	37.05%	36.89%	29.83%	30.41%	29.16%	28.68%	34.11%	33.78%	32.65%	32.60%
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	62.21%	59.81%	63.11%	63.55%	60.35%	61.76%	64.96%	65.89%	66.22%	59.94%	64.32%
Debt to EBITDA	1.09	1.15	1.02	0.99	1.02	0.99	0.89	0.85	0.83	1.00	0.87
Net Debt to EBITDA	0.93	0.99	0.85	0.73	0.86	0.82	0.68	0.64	0.66	0.80	0.68
Long-Term Debt to EBITDA	1.09	1.06	1.02	0.81	0.79	0.75	0.72	0.85	0.83	0.81	0.80
Debt to NOPAT	1.69	1.77	1.56	1.50	1.54	1.49	1.34	1.28	1.26	1.51	1.32
Net Debt to NOPAT	1.45	1.54	1.30	1.11	1.29	1.23	1.02	0.96	1.00	1.21	1.03
Long-Term Debt to NOPAT	1.69	1.64	1.56	1.23	1.18	1.13	1.09	1.28	1.26	1.23	1.20
Altman Z-Score	9.62	10.02	11.11	11.53	12.75	13.86	13.13	13.83	13.22	11.07	12.11
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	2.56	2.24	2.38	1.74	1.53	1.58	1.72	2.09	2.24	1.71	1.98
Quick Ratio	1.10	1.00	1.09	0.87	0.70	0.74	0.85	1.02	1.03	0.81	0.95
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	113	90	169	262	436	304	279	107	72	160	159
Operating Cash Flow to CapEx	315.80%	418.51%	613.94%	680.04%	502.29%	435.24%	759.87%	554.64%	406.53%	499.97%	683.70%
Free Cash Flow to Firm to Interest Expense	4.59	3.37	6.62	10.87	17.01	11.39	11.26	4.45	2.98	5.69	5.63
Operating Cash Flow to Interest Expense	13.73	14.77	25.74	28.79	18.22	16.55	25.12	26.42	17.16	18.92	22.03
Operating Cash Flow Less CapEx to Interest Expense	9.38	11.24	21.55	24.55	14.59	12.75	21.81	21.66	12.94	15.14	18.81
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.06	1.07	1.08	1.08	1.10	1.09	1.09	1.09	1.12	1.11	1.11
Accounts Receivable Turnover	7.89	7.63	7.86	8.01	7.83	7.52	7.63	7.77	7.78	7.56	7.50
Inventory Turnover	9.68	9.68	9.87	10.71	11.05	11.52	11.65	12.05	12.41	12.75	12.56
Fixed Asset Turnover	6.50	6.56	6.57	6.55	6.52	6.51	6.51	6.49	6.53	6.56	6.63
Accounts Payable Turnover	15.50	15.26	16.45	15.31	13.96	13.63	14.18	12.53	12.28	11.66	12.31
Days Sales Outstanding (DSO)	46.28	47.83	46.45	45.59	46.60	48.55	47.86	46.98	46.93	48.26	48.67
Days Inventory Outstanding (DIO)	37.71	37.72	36.97	34.08	33.03	31.68	31.33	30.30	29.41	28.62	29.05
Days Payable Outstanding (DPO)	23.55	23.92	22.18	23.84	26.15	26.78	25.74	29.12	29.73	31.32	29.66
Cash Conversion Cycle (CCC)	60.44	61.63	61.23	55.82	53.47	53.45	53.45	48.15	46.61	45.57	48.07
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,200	6,323	6,286	6,148	6,237	6,488	6,489	6,506	6,674	6,846	6,855
Invested Capital Turnover	1.49	1.49	1.53	1.58	1.57	1.55	1.59	1.63	1.64	1.62	1.65
Increase / (Decrease) in Invested Capital	292	305	248	169	37	165	203	358	437	357	366
Enterprise Value (EV)	52,970	58,229	65,521	70,480	83,346	93,256	85,632	93,279	86,556	77,145	82,496
Market Capitalization	50,848	55,900	63,468	68,648	81,131	91,061	83,735	91,458	84,637	74,755	80,430
Book Value per Share	$40.08	$39.22	$41.77	$42.54	$39.91	$10.65	$11.38	$11.60	$11.80	$11.09	$11.97
Tangible Book Value per Share	$4.43	$3.59	$4.93	$7.71	$4.83	$1.15	$1.77	$2.41	$2.60	$1.05	$1.87
Total Capital	6,555	6,679	6,709	6,792	6,664	6,951	7,070	7,109	7,181	7,433	7,445
Total Debt	2,477	2,684	2,475	2,476	2,642	2,658	2,477	2,425	2,426	2,977	2,657
Total Long-Term Debt	2,477	2,474	2,475	2,026	2,026	2,027	2,027	2,425	2,426	2,427	2,427
Net Debt	2,122	2,329	2,052	1,831	2,215	2,195	1,897	1,822	1,918	2,390	2,066
Capital Expenditures (CapEx)	107	94	107	102	93	101	82	115	102	106	91
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,731	1,804	1,629	1,464	1,573	1,671	1,607	1,528	1,730	1,814	1,832
Debt-free Net Working Capital (DFNWC)	1,819	1,889	1,757	1,806	1,674	1,793	1,850	1,792	1,868	2,015	2,016
Net Working Capital (NWC)	1,819	1,679	1,757	1,357	1,059	1,163	1,400	1,792	1,868	1,464	1,786
Net Nonoperating Expense (NNE)	19	20	20	16	21	20	19	17	18	21	22
Net Nonoperating Obligations (NNO)	2,122	2,329	2,052	1,831	2,215	2,195	1,897	1,822	1,918	2,390	2,066
Total Depreciation and Amortization (D&A)	107	109	111	115	115	130	127	122	126	128	129
Debt-free, Cash-free Net Working Capital to Revenue	19.25%	19.62%	17.31%	15.26%	16.12%	16.81%	15.84%	14.77%	16.39%	16.80%	16.62%
Debt-free Net Working Capital to Revenue	20.23%	20.55%	18.67%	18.82%	17.16%	18.04%	18.24%	17.33%	17.70%	18.66%	18.28%
Net Working Capital to Revenue	20.23%	18.26%	18.67%	14.14%	10.85%	11.70%	13.80%	17.33%	17.70%	13.56%	16.20%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.94	$0.92	$3.90	$4.07	$1.12	$1.11	$1.14	$1.11	$1.21	$1.23	$1.25
Adjusted Weighted Average Basic Shares Outstanding	407.42M	405.49M	101.46M	100.77M	403.30M	403.54M	403.79M	402.98M	401.87M	399.89M	400.09M
Adjusted Diluted Earnings per Share	$0.93	$0.90	$3.84	$4.00	$1.10	$1.09	$1.13	$1.11	$1.20	$1.21	$1.24
Adjusted Weighted Average Diluted Shares Outstanding	407.42M	405.49M	101.46M	100.77M	403.30M	403.54M	403.79M	402.98M	401.87M	399.89M	400.09M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.11	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	407.42M	405.49M	101.46M	100.77M	403.30M	403.54M	403.79M	402.98M	401.87M	399.89M	400.09M
Normalized Net Operating Profit after Tax (NOPAT)	405	395	417	430	473	469	482	465	509	517	524
Normalized NOPAT Margin	17.27%	16.62%	17.34%	17.42%	18.89%	18.30%	18.47%	17.45%	18.73%	18.46%	18.45%
Pre Tax Income Margin	20.34%	19.93%	20.62%	21.33%	21.45%	22.08%	22.48%	21.57%	21.92%	22.45%	22.26%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	20.39	18.79	20.40	22.74	21.90	22.18	24.63	24.83	25.57	23.36	23.39
NOPAT to Interest Expense	16.48	14.86	16.35	17.88	18.45	17.58	19.46	19.34	21.08	18.41	18.58
EBIT Less CapEx to Interest Expense	16.05	15.26	16.21	18.51	18.27	18.38	21.32	20.07	21.35	19.57	20.17
NOPAT Less CapEx to Interest Expense	12.14	11.33	12.15	13.64	14.82	13.78	16.16	14.58	16.86	14.62	15.36
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	34.01%	34.28%	33.98%	33.78%	33.66%	33.32%	33.25%	33.75%	34.09%	34.57%	35.04%
Augmented Payout Ratio	45.00%	67.33%	66.97%	78.32%	109.44%	87.54%	84.42%	85.33%	65.75%	96.99%	96.46%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, data-driven read on Cintas (CTAS) using the quarterly statements provided for the last four years. The focus is on trends in revenue, profitability, cash flow, and capital allocation that may matter to retail investors.

Revenue trend: Operating revenue has grown from about $2.19B in 2023 to roughly $2.80B by 2026 Q2, showing sustained top-line expansion over the period.
Profitability improvement: Net income continuing operations rose from about $315M in 2023 to approximately $495M in 2026 Q2, indicating stronger earnings generation.
Strong free cash flow: Recent quarters show robust free cash flow (net cash from continuing operating activities minus capital expenditures) around $0.42B–$0.52B, reflecting solid cash conversion alongside growth.
Liquidity growth: Cash and equivalents climbed to about $2.01B by 2026 Q2, up from about $1.22B in 2025 Q2, signaling improved liquidity.
Dividend returns: CTAS maintains a steady cash dividend per share (around $0.39–$0.45 per share in recent quarters), providing predictable returns to shareholders.
Capital return via buybacks: Large and recurring share repurchases in several quarters (for example, Q2 2026: roughly $0.64B, Q1 2026: about $0.27B, Q4 2025: about $0.26B) demonstrate an aggressive capital-return policy.
Balance sheet stability and leverage: Long-term debt in the latest period sits around $2.43B with total liabilities near $5.68B and equity around $4.46B, a profile that is generally manageable given ongoing cash flow generation.
Depreciation and amortization: D&A remains a non-cash headwind in earnings (Depreciation around $79.3M and Amortization around $48.2M in a representative quarter; plus non-cash adjustments around $32.3M), which supports ongoing capital budgeting but does not affect cash flow directly.
Working capital fluctuations: The net impact of changes in operating assets and liabilities varies by quarter (for example, Changes in Operating Assets and Liabilities, net can be negative in some quarters, such as -$123.974M in a recent period), contributing to CFO volatility.
Investing activity cadence: Acquisitions and other investing activities are typically modest (example: acquisitions around the tens of millions per quarter), indicating a measured approach to growth investments rather than aggressive, large-scale M&A.

05/11/26 09:09 AM ETAI Generated. May Contain Errors.

Cintas Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Cintas' fiscal year ends in May. Their fiscal year 2025 ended on May 31, 2025.

Cintas' net income appears to be on an upward trend, with a most recent value of $1.81 billion in 2025, rising from $430.62 million in 2015. The previous period was $1.57 billion in 2024. Check out Cintas' forecast to explore projected trends and price targets.

Cintas' total operating income in 2025 was $2.36 billion, based on the following breakdown:

Total Gross Profit: $5.17 billion
Total Operating Expenses: $2.81 billion

Over the last 10 years, Cintas' total revenue changed from $4.37 billion in 2015 to $10.34 billion in 2025, a change of 136.6%.

Cintas' total liabilities were at $5.14 billion at the end of 2025, a 5.9% increase from 2024, and a 127.5% increase since 2015.

In the past 10 years, Cintas' cash and equivalents has ranged from $90.47 million in 2022 to $493.64 million in 2021, and is currently $263.97 million as of their latest financial filing in 2025.

Over the last 10 years, Cintas' book value per share changed from 16.89 in 2015 to 11.60 in 2025, a change of -31.3%.

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Financial statements for NASDAQ:CTAS last updated on 4/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Cintas (CTAS) Financials

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