Cintas (CTAS) financials

NASDAQ · Industrials · Specialty Business Services · 48,100 employees · CEO Todd Schneider

Price: $219.82 +0.80%
Market cap: $87.3B
Enterprise value: $89.8B
Last report: Q1 '27 filed 2026-10-07
Next report: 2026-12-17 EPS est. $1.36

Revenue (TTM)$11.6B+9.5% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)23.4%+0.5 pp vs a year agoOperating income $2.7B

Net income (TTM)$2.06B+11.3% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)$2.03B+19.9% vs a year agoCapex $401M

Diluted EPS (TTM)$5.07+12.4% vs a year agoSum of the last 4 quarters

Net cash-$2.47B+2.7% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $87.3B
Revenue: $11.6B
Revenue growth: +9%
Profit margin: 17.8%
P/E: 42.8×
P/S: 7.6×
EV / EBITDA: 27.9×
Free cash flow: $2.03B
Net income: $2.06B
Revenue estimate: $12.2B
Earnings: 2026-12-17
Dividend: $1.87

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-09-23): revenue beat by 1.0%, EPS beat by 3.0%Revenue $3.01B vs $2.98B expected (+1.0%); EPS $1.39 vs $1.35 (+3.0%).
Revenue growth accelerating: 10.9% year on yearQ1 '27 revenue $3.01B, against an average of 8.9% over the four quarters before.
Operating margin 23.4% (TTM), +0.5 pp on a year agoOperating income grew 11.8% while revenue grew 9.5%.
Capex 3.5% of revenue (a year ago 4.0%)$401M invested in the last 4 quarters (-4.1% on a year earlier). Free cash flow $2.03B = 98.7% of net income.
Returned $1.73B to shareholders = 84.9% of free cash flowBuybacks $1B (a year earlier $586M), dividends $724M, stock-based pay $129M (TTM).
Diluted share count down 1.2% in a year404M diluted shares in Q1 '27, 409M a year earlier.
Net debt $2.47BCash + short-term investments $244M, debt incl. leases $2.71B; a year ago net debt $2.54B.
First Aid And Safety Services Segment: revenue +16.1%, margin 25.6% (was 24.0%)Fastest-growing reported segment in Q1 '27: operating income $99.5M on revenue $389M (from the segment note of the filing).

Last quarter: Q1 '27

Quarter ended 2026-08-31. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q1 '27	Year ago	Change
Revenue	$3.01B	$2.72B	+10.9%
Gross margin	51.5%	50.3%	+1.3 pp
Operating income	$712M	$618M	+15.2%
Operating margin	23.6%	22.7%	+0.9 pp
Net income	$552M	$491M	+12.3%
Diluted EPS	$1.36	$1.20	+13.3%
Operating cash flow	$572M	$414M	+38.1%
Capex	$108M	$102M	+5.5%
Free cash flow	$465M	$313M	+48.7%
R&D	$0	$0	–
Stock-based compensation	$31M	$30.3M	+2.3%

Reported vs consensus

2026-09-23

	Actual	Consensus	vs consensus
Revenue	$3.01B	$2.98B	+1.0%
EPS (as estimated)	$1.39	$1.35	+3.0%

From the report of 2026-09-23 for Q1 '27: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by business line

stacked, quarterly

Segment	Q1 '27	y/y	Share	TTM	TTM y/y
Uniform Rental and Facility Services	$2.29B	+9.7%	76.1%	$8.83B	+8.5%
First Aid and Safety Services	$389M	+16.1%	12.9%	$1.45B	-6.9%
Fire Protection Services	$252M	+13.7%	8.4%	$960M	-7.7%
Uniform Direct Sales	$78.4M	+11.3%	2.6%	$330M	-17.3%

Revenue by region

share of total

Segment	Q1 '27	y/y	Share	TTM	TTM y/y	12 quarters
United Kingdom	$7.6M	–	100.0%	–	–

Segment profits

Operating income per reported segment, read from the segment note of each 10-Q / 10-K (the profit split most data feeds leave out).

Segments in Q1 '27

Segment	Revenue	y/y	Operating income	y/y	Margin	Margin a year ago	TTM operating income
Uniform Rental And Facility Services Segment	$2.29B	+9.7%	$575M	+15.0%	25.1%	23.9%	$2.15B
First Aid And Safety Services Segment	$389M	+16.1%	$99.5M	+23.9%	25.6%	24.0%	$373M
All other segments	–	–	$51.7M	+37.4%	–	–	$205M
Corporate (unallocated)	–	–	-$14.4M	–	–	–	-$29.5M

Operating income by segment

quarterly

Segment operating margin

quarterly

Fourth quarters are derived: the 10-K reports the full year, minus the three quarters of the 10-Qs.

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: $2.43B
Capex: -$401M
Buybacks: -$1B
Dividends: -$724M
Acquisitions: -$161M
Net debt issued: $0
Stock-based compensation: $129M
Free cash flow: $2.03B
Returned to shareholders / FCF: 84.9%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	42.8×	39.7×	33.4× – 50.6×
EV / EBITDA	27.9×	25.8×	22.1× – 32.8×
EV / Sales	7.8×	6.8×	5.6× – 9.1×
Price / FCF	42.9×	39.9×	31.7× – 52.0×
Price / Book	16.9×	14.8×	12.4× – 19.5×
FCF yield	2.3%	2.6%	1.9% – 3.2%
Return on invested capital	23.8%	20.6%	17.8% – 23.4%
Return on equity	42.1%	37.2%	34.9% – 38.9%

Analysts

Consensus target $234.17 (+6.5%)
range $222.00 – $250.00 · rating Hold

Strong buy0

Buy12

Hold16

Sell2

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2027	$12.2B	+8.7%	$5.55	+12.9%	39.6×	13
FY2028	$13.2B	+7.5%	$6.18	+11.4%	35.6×	13
FY2029	$14.1B	+7.3%	$6.90	+11.7%	31.8×	6
FY2030	$15.1B	+7.1%	$7.67	+11.1%	28.7×	3
FY2031	$16.2B	+6.7%	$9.03	+17.8%	24.3×	3

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Every reported line

All 246 figures Cintas Corporation tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).

Line (SEC label)	Latest quarter	Year ago	y/y	Latest FY	Prior FY	y/y
	–	–	–	-$3.22M	–	–
	–	–	–	-0.1%	–	–
	–	–	–	$305M	–	–
	–	–	–	$18.9M	–	–
	–	–	–	$78.4M	–	–
Accounts Payable and Accrued Liabilities, Noncurrent	$541M	$466M	+16.0%	$514M	$421M	+22.1%
Accounts Payable, Current	$507M	$462M	+9.6%	$461M	$485M	-4.9%
Accounts Receivable, after Allowance for Credit Loss, Current	$1.59B	$1.42B	+11.7%	$1.56B	$1.42B	+9.7%
Accounts Receivable, Allowance for Credit Loss, Current	$31.6M2026-05-31	$26.4M	+20.1%	$31.6M	$26.4M	+20.1%
Accrued Income Taxes, Current	$140M	$79M	+77.5%	$44.1M	$4.03M	+992.5%
Accrued Insurance, Current	$219M2026-05-31	$208M	+5.1%	$219M	$208M	+5.1%
Accrued Liabilities, Current	$841M	$780M	+7.9%	$889M	$875M	+1.6%
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$3.06B2026-05-31	$2.84B	+7.7%	$3.06B	$2.84B	+7.7%
Accumulated Other Comprehensive Income (Loss), Net of Tax	$90.7M	$79.9M	+13.6%	$84.5M	$84.4M	+0.1%
Amortization	$48.4M	$48.3M	+0.1%	$194M	$191M	+1.8%
Amortization of Debt Issuance Costs	–	–	–	$4.8M	$3.5M	+37.1%
Amortization of Intangible Assets	$14.9M	$15.3M	-2.6%	$167M	$168M	-0.4%
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2.3M	1.4M	+64.3%	1.9M	1M	+90.0%
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$31M	$30.3M	+2.3%	$128M	$128M	-0.2%
Assets	$10.7B	$9.84B	+8.3%	$10.5B	$9.83B	+7.2%
Assets, Current	$3.93B	$3.38B	+16.5%	$3.85B	$3.44B	+12.1%
Assets, Fair Value Disclosure	$365M	–	–	$398M	$367M	+8.7%
Business Combination, Acquisition Related Costs	$14.4M	$0	–	$15.1M	$0	–
Capitalized Contract Cost, Amortization	$26.3M	$26.2M	+0.4%	$105M	$106M	-0.8%
Capitalized Contract Cost, Net, Current	$96.6M	$96.5M	+0.1%	$96M	$96.5M	-0.5%
Capitalized Contract Cost, Net, Noncurrent	$319M	$283M	+12.7%	$305M	$275M	+10.7%
Cash and Cash Equivalents, at Carrying Value	$244M	$138M	+76.3%	$289M	$264M	+9.5%
Cash and Cash Equivalents, Fair Value Disclosure	$244M	–	–	$289M	$264M	+9.5%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$244M	$138M	+76.3%	$289M	$264M	+9.5%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	-$45.4M	-$126M	+63.9%	$25M	-$78M	+132.1%
Common Stock, Dividends, Per Share, Declared	$0.52	$0.45	+15.6%	$1.80	$1.56	+15.4%
Common Stock, Shares Authorized	1.7B	1.7B	0.0%	1.7B	1.7B	0.0%
Common Stock, Shares, Issued	781M	778M	+0.3%	780M	777M	+0.3%
Common Stock, Shares, Outstanding	400M	403M	-0.9%	400M	403M	-0.7%
Common Stock, Value, Issued	$2.93B	$2.69B	+8.8%	$2.85B	$2.59B	+9.9%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$558M	$487M	+14.7%	$2B	$1.81B	+10.8%
Cost of Revenue	$1.46B	$1.35B	+8.1%	$5.56B	$5.17B	+7.6%
Current Federal Tax Expense (Benefit)	–	–	–	$334M	$353M	-5.2%
Current Foreign Tax Expense (Benefit)	–	–	–	$30.1M	$10.6M	+184.7%
Current Income Tax Expense (Benefit)	–	–	–	$446M	$460M	-3.1%
Current State and Local Tax Expense (Benefit)	–	–	–	$81.2M	$96.8M	-16.1%
Debt Instrument, Fair Value Disclosure	$2.4B	$2.43B	-1.2%	$2.43B	$2.4B	+0.9%
Debt Issuance Costs, Current, Net	$709K	–	–	$1.01M	$0	–
Debt Issuance Costs, Noncurrent, Net	$7M	$10.8M	-35.2%	$7.46M	$11.6M	-35.4%
Debt, Long-term and Short-term, Combined Amount	$2.44B	$2.44B	0.0%	$2.44B	$2.44B	0.0%
Debt, Weighted Average Interest Rate	4.1%2026-05-31	4.1%	0.0%	4.1%	4.1%	0.0%
Deferred Income Tax Expense (Benefit)	–	–	–	$59.6M	-$8.12M	+834.0%
Deferred Income Tax Liabilities, Net	$549M	$484M	+13.3%	$538M	$472M	+14.0%
Deferred Tax Assets, Gross	$362M2026-05-31	$338M	+6.9%	$362M	$338M	+6.9%
Deferred Tax Assets, Net of Valuation Allowance	$359M2026-05-31	$337M	+6.7%	$359M	$337M	+6.7%
Deferred Tax Assets, Operating Loss Carryforwards, Foreign	$2.43M2026-05-31	$1.63M	+49.0%	$2.43M	$1.63M	+49.0%
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits	$75M2026-05-31	$66.3M	+13.2%	$75M	$66.3M	+13.2%
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Allowance for Doubtful Accounts	$20.7M2026-05-31	$17.4M	+19.4%	$20.7M	$17.4M	+19.4%
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Other	$132M2026-05-31	$132M	-0.1%	$132M	$132M	-0.1%
Deferred Tax Assets, Valuation Allowance	$2.39M2026-05-31	$1.56M	+53.7%	$2.39M	$1.56M	+53.7%
Deferred Tax Liabilities, Gross	$897M2026-05-31	$809M	+11.0%	$897M	$809M	+11.0%
Deferred Tax Liabilities, Intangible Assets	$180M2026-05-31	$173M	+3.8%	$180M	$173M	+3.8%
Deferred Tax Liabilities, Net	$538M2026-05-31	$472M	+14.0%	$538M	$472M	+14.0%
Deferred Tax Liabilities, Property, Plant and Equipment	$198M2026-05-31	$163M	+21.2%	$198M	$163M	+21.2%
Defined Benefit Plan, Benefit Obligation	$44M2026-05-31	$63.7M	-30.9%	$44M	$63.7M	-30.9%

Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-08-31, 10-K 2026-05-31, 10-Q 2026-02-28, 10-Q 2025-11-30, 10-Q 2025-08-31, 10-K 2025-05-31, 10-Q 2025-02-28, 10-Q 2024-11-30, 10-Q 2024-08-31

Data as of 2026-11-01