CTAS

MKT CAP:$70B

Cintas Corporation

Market Cap

$70B

Industrials·Specialty Business Services·🇺🇸 United States·NASDAQ

Industrials·Specialty·🇺🇸·NASDAQ

Stock Price

$174.93-$9.95 (-5.38%)

Apr 24, 2026

Company Details

Cintas Corporation provides corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and Al...

CEO

Todd Schneider

IPO Date

Aug 19, 1983

Website

www.cintas.com

Key Metrics TTM

Revenue

$11.0B

+8.7% YoY

Net Income

$1.9B

EPS (Diluted)

$4.74

Free Cash Flow

$1.8B

Revenue / Share

$27.10

Gross Margin

12.0%

Operating Margin

23.0%

Net Margin

17.6%

FCF Margin

16.2%

P/S

6.4x

P/E

36.4x

Earnings Reports

Q3 2026

Mar 25, 2026

$2.8B+8.9%EPS $1.24

Q2 2026

Jan 7, 2026

$2.8B+9.3%EPS $1.21

Q1 2026

Oct 8, 2025

$2.7B+8.7%EPS $1.20

FY 2025

Jul 28, 2025

$10.3B+7.7%EPS $4.40

Q4 2025

Jul 28, 2025

$2.7B+8.0%EPS $1.09

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 22	$2.1B	$946M	$404M
Q1 23	$2.2B	$1.0B	$440M
Q2 23	$2.2B	$1.0B	$445M
Q3 23	$2.2B	$1.0B	$447M
Q4 23	$2.3B	$1.1B	$471M
Q1 24	$2.3B	$1.1B	$501M
Q2 24	$2.4B	$1.1B	$500M
Q3 24	$2.4B	$1.1B	$521M
Q4 24	$2.5B	$1.2B	$548M
Q1 25	$2.5B	$1.3B	$561M
Q2 25	$2.6B	$1.3B	$591M
Q3 25	$2.6B	$1.3B	$610M
Q4 25	$2.7B	$1.3B	$597M
Q1 26	$2.7B	$1.4B	$618M
Q2 26	$2.8B	$1.4B	$656M
Q3 26	$2.8B	-$2.8B	$660M

Valuation

Quarter	P/S	P/E
Q4 22	5.1x	32.6x
Q1 23	5.2x	33.6x
Q2 23	5.5x	35.9x
Q3 23	5.2x	34.3x
Q4 23	5.6x	36.6x
Q1 24	5.7x	36.8x
Q2 24	6.1x	39.4x
Q3 24	6.8x	42.8x
Q4 24	7.1x	43.3x
Q1 25	8.2x	48.8x
Q2 25	9.0x	52.5x
Q3 25	8.2x	47.1x
Q4 25	8.8x	50.5x
Q1 26	8.1x	46.2x
Q2 26	6.9x	39.4x
Q3 26	7.3x	41.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	$551M	$476M
Q1 23	$298M	$228M
Q2 23	$321M	$245M
Q3 23	$425M	$347M
Q4 23	$554M	$447M
Q1 24	$337M	$230M
Q2 24	$393M	$299M
Q3 24	$657M	$550M
Q4 24	$693M	$591M
Q1 25	$467M	$374M
Q2 25	$441M	$340M
Q3 25	$622M	$522M
Q4 25	$636M	$521M
Q1 26	$414M	$313M
Q2 26	$531M	$425M
Q3 26	$621M	$531M

Capital Expenditures

Quarter	CapEx
Q4 22	$75M
Q1 23	$70M
Q2 23	$76M
Q3 23	$78M
Q4 23	$107M
Q1 24	$107M
Q2 24	$94M
Q3 24	$107M
Q4 24	$102M
Q1 25	$93M
Q2 25	$101M
Q3 25	$100M
Q4 25	$115M
Q1 26	$102M
Q2 26	$106M
Q3 26	$91M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	+13.0%	+12.9%
Q1 23	+14.2%	+14.9%
Q2 23	+13.1%	+12.3%
Q3 23	+11.7%	+12.3%
Q4 23	+10.1%	+8.6%
Q1 24	+8.1%	+6.7%
Q2 24	+9.3%	+8.5%
Q3 24	+9.9%	+8.2%
Q4 24	+8.2%	+6.0%
Q1 25	+6.8%	+5.4%
Q2 25	+7.8%	+4.9%
Q3 25	+8.4%	+6.0%
Q4 25	+8.0%	+7.6%
Q1 26	+8.7%	+8.2%
Q2 26	+9.3%	+8.8%
Q3 26	+8.9%	+9.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$26M	1.2%
Q1 23	$26M	1.2%
Q2 23	$25M	1.2%
Q3 23	$24M	1.1%
Q4 23	$28M	1.2%
Q1 24	$30M	1.3%
Q2 24	$23M	1.0%
Q3 24	$31M	1.3%
Q4 24	$32M	1.3%
Q1 25	$33M	1.3%
Q2 25	$32M	1.3%
Q3 25	$32M	1.2%
Q4 25	$31M	1.2%
Q1 26	$30M	1.1%
Q2 26	$32M	1.2%
Q3 26	$34M	1.2%

OpEx Breakdown

Quarter	R&D	SG&A
Q4 22	—	$542M
Q1 23	—	$588M
Q2 23	—	$578M
Q3 23	—	$587M
Q4 23	—	$618M
Q1 24	—	$641M
Q2 24	—	$642M
Q3 24	—	$626M
Q4 24	$27M	$626M
Q1 25	—	$691M
Q2 25	—	$685M
Q3 25	—	$709M
Q4 25	$31M	$729M
Q1 26	—	$749M
Q2 26	—	$757M
Q3 26	—	$789M

Revenue Segments

Quarter	Fire Protection Services	First Aid and Safety Services	Uniform Direct Sales	Uniform Rental and Facility Services	Other Products And Services
Q4 22	$147M	$218M	$79M	$1.6B	—
Q1 23	$152M	$234M	$83M	$1.7B	—
Q2 23	$147M	$236M	$82M	$1.7B	—
Q3 23	$156M	$232M	$86M	$1.7B	—
Q4 23	$174M	$250M	$88M	$1.8B	—
Q1 24	$174M	$261M	$80M	$1.8B	—
Q2 24	$174M	$266M	$86M	$1.9B	—
Q3 24	$182M	$263M	$85M	$1.9B	—
Q1 25	—	—	—	$1.9B	$568M
Q2 25	$194M	$299M	$78M	$2.0B	—
Q3 25	$204M	$302M	$82M	$2.0B	—
Q1 26	$222M	$335M	$70M	$2.1B	—
Q2 26	$223M	$342M	$80M	$2.2B	—
Q3 26	$232M	$347M	$85M	$2.2B	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$90M	$0	$90M
Q1 23	$75M	$0	$75M
Q2 23	$90M	$0	$90M
Q3 23	$89M	$0	$89M
Q4 23	$124M	$0	$124M
Q1 24	$88M	$0	$88M
Q2 24	$86M	$0	$86M
Q3 24	$128M	$0	$128M
Q4 24	$342M	$0	$342M
Q1 25	$101M	$0	$101M
Q2 25	$122M	$0	$122M
Q3 25	$243M	$0	$243M
Q4 25	$264M	$0	$264M
Q1 26	$138M	$0	$138M
Q2 26	$201M	$0	$201M
Q3 26	$183M	$0	$183M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 22	418M	-1.1%	-3.1%
Q1 23	413M	-1.0%	-2.5%
Q2 23	413M	+0.0%	-2.6%
Q3 23	414M	+0.1%	-2.1%
Q4 23	414M	0.0%	-1.0%
Q1 24	414M	+0.1%	+0.2%
Q2 24	413M	-0.3%	-0.1%
Q3 24	413M	-0.1%	-0.2%
Q4 24	413M	+0.1%	-0.1%
Q1 25	410M	-0.7%	-0.9%
Q2 25	411M	+0.0%	-0.6%
Q3 25	410M	-0.1%	-0.6%
Q4 25	410M	-0.2%	-0.9%
Q1 26	409M	-0.1%	-0.3%
Q2 26	406M	-0.7%	-1.0%
Q3 26	407M	+0.1%	-0.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 22	$48.2K	43K
Q1 23	$50.4K	43K
Q2 23	$50.6K	43K
Q3 23	$50.9K	43K
Q4 23	$51.3K	45K
Q1 24	$52.6K	45K
Q2 24	$53.4K	45K
Q3 24	$54.1K	45K
Q4 24	$53.1K	47K
Q1 25	$53.8K	47K
Q2 25	$55.1K	47K
Q3 25	$56.1K	47K
Q4 25	$55.2K	48K
Q1 26	$56.3K	48K
Q2 26	$58.0K	48K
Q3 26	$58.8K	48K

Revenue / Employee