NASDAQ: CTAS
Cintas
Industrials · Men's & Boys' Furnishgs, Work Clothg, & Allied Garments
52-week range
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Aug 31, 2026. Hover or tap a column for another year.$80.1B
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| Period | Market cap |
|---|---|
| FY2017, ended May 31, 2017 | $13.3B |
| FY2018, ended May 31, 2018 | $19.4B |
| FY2019, ended May 31, 2019 | $22.7B |
| FY2020, ended May 31, 2020 | $25.7B |
| FY2021, ended May 31, 2021 | $36.4B |
| FY2022, ended May 31, 2022 | $40.3B |
| FY2023, ended May 31, 2023 | $48.0B |
| FY2024, ended May 31, 2024 | $68.3B |
| FY2025, ended May 31, 2025 | $91.3B |
| FY2026, ended May 31, 2026 | $68.5B |
| Trailing 12 months to Aug 31, 2026 (through Q1 FY2027) | $80.1B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Aug 31, 2026. Hover or tap a column for another year.$11.6B
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| Period | Revenue |
|---|---|
| FY2017, ended May 31, 2017 | $5.32B |
| FY2018, ended May 31, 2018 | $6.48B |
| FY2019, ended May 31, 2019 | $6.89B |
| FY2020, ended May 31, 2020 | $7.09B |
| FY2021, ended May 31, 2021 | $7.12B |
| FY2022, ended May 31, 2022 | $7.85B |
| FY2023, ended May 31, 2023 | $8.82B |
| FY2024, ended May 31, 2024 | $9.60B |
| FY2025, ended May 31, 2025 | $10.3B |
| FY2026, ended May 31, 2026 | $11.3B |
| Trailing 12 months to Aug 31, 2026 (through Q1 FY2027) | $11.6B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Aug 31, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2017, ended May 31, 2017 | $481M | $491M |
| FY2018, ended May 31, 2018 | $843M | $692M |
| FY2019, ended May 31, 2019 | $885M | $791M |
| FY2020, ended May 31, 2020 | $876M | $1.06B |
| FY2021, ended May 31, 2021 | $1.11B | $1.22B |
| FY2022, ended May 31, 2022 | $1.24B | $1.30B |
| FY2023, ended May 31, 2023 | $1.35B | $1.26B |
| FY2024, ended May 31, 2024 | $1.57B | $1.66B |
| FY2025, ended May 31, 2025 | $1.81B | $1.76B |
| FY2026, ended May 31, 2026 | $2.00B | $1.88B |
| Trailing 12 months to Aug 31, 2026 (through Q1 FY2027) | $2.06B | $2.03B |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Aug 31, 2026. Hover or tap a column for another year.$244M
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| Period | Cash and cash equivalents |
|---|---|
| FY2017, ended May 31, 2017 | $169M |
| FY2018, ended May 31, 2018 | $139M |
| FY2019, ended May 31, 2019 | $96.6M |
| FY2020, ended May 31, 2020 | $145M |
| FY2021, ended May 31, 2021 | $494M |
| FY2022, ended May 31, 2022 | $90.5M |
| FY2023, ended May 31, 2023 | $124M |
| FY2024, ended May 31, 2024 | $342M |
| FY2025, ended May 31, 2025 | $264M |
| FY2026, ended May 31, 2026 | $289M |
| Trailing 12 months to Aug 31, 2026 (through Q1 FY2027) | $244M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Aug 31, 2026. Hover or tap a column for another year.$1.43B
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| Period | Total debt |
|---|---|
| FY2017, ended May 31, 2017 | $2.82B |
| FY2018, ended May 31, 2018 | $2.54B |
| FY2019, ended May 31, 2019 | $2.85B |
| FY2020, ended May 31, 2020 | $2.54B |
| FY2021, ended May 31, 2021 | $1.64B |
| FY2022, ended May 31, 2022 | $2.48B |
| FY2023, ended May 31, 2023 | $2.49B |
| FY2024, ended May 31, 2024 | $2.03B |
| FY2025, ended May 31, 2025 | $2.42B |
| FY2026, ended May 31, 2026 | $1.43B |
| Trailing 12 months to Aug 31, 2026 (through Q1 FY2027) | $1.43B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 5.8% since 2017.Figures shown are for the trailing 12 months to Aug 31, 2026. Hover or tap a column for another year.397M
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| Period | Shares outstanding |
|---|---|
| FY2017, ended May 31, 2017 | 422M |
| FY2018, ended May 31, 2018 | 425M |
| FY2019, ended May 31, 2019 | 410M |
| FY2020, ended May 31, 2020 | 414M |
| FY2021, ended May 31, 2021 | 412M |
| FY2022, ended May 31, 2022 | 405M |
| FY2023, ended May 31, 2023 | 407M |
| FY2024, ended May 31, 2024 | 403M |
| FY2025, ended May 31, 2025 | 403M |
| FY2026, ended May 31, 2026 | 400M |
| Trailing 12 months to Aug 31, 2026 (through Q1 FY2027) | 397M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Aug 31, 2026. Hover or tap a column for another year.Net: $873M more bought back than issued
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2017, ended May 31, 2017 | $20.7M | $88.9M |
| FY2018, ended May 31, 2018 | $127M | $113M |
| FY2019, ended May 31, 2019 | $1.02B | $139M |
| FY2020, ended May 31, 2020 | $465M | $115M |
| FY2021, ended May 31, 2021 | $554M | $112M |
| FY2022, ended May 31, 2022 | $1.53B | $109M |
| FY2023, ended May 31, 2023 | $399M | $104M |
| FY2024, ended May 31, 2024 | $700M | $117M |
| FY2025, ended May 31, 2025 | $935M | $128M |
| FY2026, ended May 31, 2026 | $952M | $128M |
| Trailing 12 months to Aug 31, 2026 (through Q1 FY2027) | $1.00B | $129M |
Revenue (TTM)
$11.6B
+9.5% YoY
Net income (TTM)
$2.06B
+11.3% YoY
Cash
$244M
+76.3% YoY
Total debt
$1.43B
−41.1% YoY
Valuation
At current price- Market Cap
- $87.3B
- P/E
- 42.4×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 7.6×
- Price / Book
- 16.8×
- EV / EBITDA
- 27.5×
Growth
Trailing 12 months- Revenue (TTM)
- $11.6B
- Revenue Growth YoY
- 9.5%
- Revenue CAGR 3Y
- 8.5%
- Revenue CAGR 5Y
- 9.6%
- EPS Growth YoY
- 12.7%
- Net Income Growth YoY
- 11.3%
Profitability
Trailing 12 months- Gross Margin
- 51.0%
- Operating Margin
- 23.4%
- Net Margin
- 17.8%
- FCF Margin
- 17.6%
- Return on Equity
- 41.4%
Earnings
Trailing 12 months- Net Income
- $2.06B
- EPS (diluted)
- $5.07
- EBITDA
- $3.21B
- Operating Income
- $2.70B
Balance Sheet
As of Aug 31, 2026- Cash and cash equivalents
- $244M
- Total Debt
- $1.43B
- Net Debt
- $1.19B
- Total Assets
- $10.7B
- Total Liabilities
- $5.45B
- Shareholders' Equity
- $5.20B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $2.43B
- Capital Expenditure
- $401M
- Free Cash Flow
- $2.03B
Dividends and risk
Last 12 months- Dividend Yield
- 0.9%
- Dividend / Share
- $1.87
- Beta (5Y)
- 0.92
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 9.5% year over year, at $11.6B.
Note
Net margin of 17.8% over the last 12 months.
Note
Net debt of $1.19B is 0.4× EBITDA, a manageable load.
Strength
Turns 17.6% of revenue into free cash flow.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-Q for the quarter ended Aug 31, 2026 · filed Oct 7, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2026 · 10-K64Mildly positive
10-K for the fiscal year ended May 31, 2026
Filed Jul 29, 2026 · Read the filing on EDGAR
- Cintas agreed to buy rival UniFirst for about $5.5 billion in cash and shares. The deal still needs regulatory approval.
- Revenue rose 8.9% to $11.3 billion (8.3% organic growth), and net income rose 10.4% to $2.0 billion as margins widened.
- First Aid and Safety revenue grew 14.3% and its operating profit rose 19.9%, so it is still the fastest-growing segment.
- The deal is expected to add about $2.8 billion of debt, taking total debt to about $5.2 billion. Bridge financing of $2.85 billion has been arranged.
Business momentum
Improving
“Net income for fiscal 2026 of $2,000.0 million was a 10.4% increase compared to fiscal 2025.”
Outlook
Neutral
“We expect our cash flows from operating activities to remain sufficient to provide us with adequate levels of liquidity.”
Financial stress
Low
“As of both May 31, 2026 and 2025, there was no commercial paper outstanding and no borrowings on our revolving credit facility.”
Tone against the previous report
About the same
Red flags
None found in this report.
Positives
Steady organic growth all year
“Revenue increased organically by 8.3% primarily as a result of increased sales volume.”
Wider gross margin
“the cost of uniform rental and facility services improved from 50.7% in fiscal 2025, to 50.0% in fiscal 2026, primarily due to more efficient use of in-service inventory and production efficiency gains.”
Strong First Aid and Safety profit growth
“Operating income for the First Aid and Safety Services reportable operating segment was $353.4 million in fiscal 2026, an increase of $58.7 million, or 19.9%, compared to fiscal 2025.”
Concerns
$1 billion of notes due within a year
“Senior notes 3.70% 2017 2027 $ 1,000,000 $ —”
Deal costs have started to show up in results
“the Company incurred $16.1 million in transaction expenses in fiscal 2026 which relate primarily to legal and professional services, regulatory fees and financing fees.”
Shareholders will be diluted by new shares issued for the deal
“the dilution caused by Cintas' issuance of additional shares of its capital stock in connection with the Transaction”
New risks since the previous report
UniFirst deal may fail or bring costs, including a $350 million fee
“under certain circumstances, the obligation to pay UniFirst a termination fee of $350.0 million.”
Much higher debt after the acquisition
“we expect to incur approximately $2.8 billion in additional indebtedness and, if incurred, would have consolidated indebtedness of approximately $5.2 billion”
Combining with UniFirst may be hard and savings may fall short
“The integration of UniFirst's business into our operations will be a complex, costly and time-consuming process and may result in significant challenges”
Merger agreement limits how Cintas can run its business before the deal closes
“Under the terms of the Merger Agreement, we are subject to certain restrictions on the conduct of its respective business prior to completing the Transaction.”
Risks from Cintas's growing use of AI
“AI systems may produce inaccurate, incomplete, biased, misleading or otherwise flawed outputs, including decisions or recommendations that adversely affect our operations”
Biggest risks named
- UniFirst deal approval, completion and integration
- Higher debt and borrowing costs after the acquisition
- Economic slowdown reducing demand
- Rising labour, fuel and material costs, including tariffs
- Cyberattacks and risks from using AI
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +6 | |
| Outlook | 0 | |
| Tone against the previous report | 0 | |
| Financial stress | 0 | |
| Red flags | 0 | |
| New risks | −2 | |
| Score | 64 | |
Written by AI (Claude Opus 5.5) from the report’s text. 14 of 14 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-Q | Oct 7, 2026 | Pro | |||
| 10-K | Jul 29, 2026 | 64 | Improving | None | |
| 10-K | Jul 28, 2025 | 65 | Improving | None | |
| 10-K | Jul 25, 2024 | 63 | Improving | 1 minor | |
| 10-K | Jul 27, 2023 | 66 | Improving | None | |
| 10-K | Jul 27, 2022 | 67 | Improving | None | |
| 10-K | Jul 28, 2021 | 73 | Strong improvement | None | |
| 10-K | Jul 29, 2020 | 52 | Stable | 2 minor | |
| 10-K | Jul 26, 2019 | 71 | Strong improvement | None | |
| 10-K | Jul 27, 2018 | 73 | Strong improvement | None |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q1 FY2027 (period ended Aug 31, 2026), filed Oct 7, 2026. View filings on SEC EDGAR