CTASNasdaqMen's & Boys' Furnishgs, Work Clothg, & Allied GarmentsFiscal year ends May 31
CINTAS CORP
Financials through Q1 FY2027, quarter ended Aug 31, 2026Last filing: 10-Q on Oct 7, 2026
$212.30−1.39 (-0.65%)
Close on Oct 19, 2026
- Market cap
- $85.83B
- P/E (TTM)
- 41.9
- Dividend yield
- 0.85%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
50.7%+4.1 pts over 5 years
Operating margin
23.1%+3.7 pts over 5 years
Net margin
17.8%+2.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.9% | +8.5% | +9.6% | +8.9% | |
| Gross profit | +10.3% | +11.0% | +11.5% | +10.5% | |
| Operating income | +10.5% | +13.1% | +13.5% | +13.0% | |
| Net income | +10.4% | +14.1% | +12.5% | +11.2% | |
| EPS, diluted | +11.6% | +14.7% | +13.9% | +12.2% | |
| Free cash flow | +7.1% | +14.4% | +9.1% | +25.7% | |
| Dividend per share | +15.4% | +16.1% | +7.5% | +21.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 23.2% | 32.1% | 40.7% | |
| Return on assets | 8.8% | 14.0% | 19.7% | |
| Current ratio | 1.73 | 1.47 | 1.43 | |
| Debt to equity | 1.36 | 0.69 | 0.47 | |
| Net debt to EBITDA | 3.06× | 1.15× | 0.69× | |
| Interest coverage | 8.9× | 14.1× | 24.5× | |
| Inventory turnover | 11.2× | 8.5× | 12.4× | |
| Capex to revenue | 5.1% | 2.0% | 3.5% | |
| Diluted shares | 431M | 431M | 406M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Cintas generated $9.63B from operations and spent $8.97B on capital expenditure, dividends and share buybacks. 20% of that went back into the business.
Generated
$9.63B
Used
$8.97B
Capital expenditure$1.79B20%Dividends$2.67B30%Share buybacks$4.51B50%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin17.8%
×Asset turnover1.11×
×Equity multiplier2.07×
=Return on equity, FY202640.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 17.8% | 1.11× | 2.07× | 40.7% |
| FY2025 | 17.5% | 1.09× | 2.11× | 40.3% |
| FY2024 | 16.4% | 1.08× | 2.17× | 38.4% |
| FY2023 | 15.3% | 1.06× | 2.33× | 37.6% |
| FY2022 | 15.7% | 0.96× | 2.34× | 35.3% |
| FY2021 | 15.6% | 0.89× | 2.30× | 32.1% |
| FY2020 | 12.4% | 0.94× | 2.42× | 28.1% |
| FY2019 | 12.8% | 0.96× | 2.39× | 29.4% |
| FY2018 | 13.0% | 0.94× | 2.59× | 31.7% |
| FY2017 | 9.0% | 0.97× | 2.64× | 23.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
8of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$2.00B
- Cash generatingOperating cash flow above zero$2.28B
- Return on assets improvedROA up on the prior year19.8% → 20.4%
- Earnings backed by cashOperating cash flow above net income$2.28B vs $2.00B
- Less leverageLong-term debt to assets fell24.7% → 13.6%
- Better liquidityCurrent ratio rose2.09 → 1.43
- No dilutionShare count did not rise410M → 406M
- Gross margin improvedGross margin up on the prior year50.04% → 50.67%
- More efficientAsset turnover rose1.13 → 1.15