Cintas CorporationCTAS
NasdaqGS•Industrials•Specialty Business Services
Cintas Corporation engages in the provision of 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 All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms. In addition, the company offers first aid and safety services, and fire protection products and services. It provides its products and services through its distribution network and local delivery routes, or local representatives to small service and manufacturing companies, as well as major corporations. The company was founded in 1968 and is based in Cincinnati, Ohio. Cintas Corporation was formerly a subsidiary of Cintas Corporation.
as of February 2026
Are revenues and earnings expanding?
$11.03B in TTM revenue grew 8.7% YoY, reaching $2.84B last quarter. TTM EBITDA of $3.06B on operating income of $659.90M shows growth is flowing through. Net income of $1.94B TTM confirms the company is converting revenue into profit. Revenue is growing at a healthy pace — a signal to hold.
Is revenue turning into profit effectively?
Op. margin of 23.2% is down 0.1% YoY — costs are rising relative to revenue. Net margin at 17.7%. ROE of 40.5% shows the company generates solid returns on shareholder equity.
Is the stock cheap or expensive?
At 36.0x P/E, the stock trades at a premium — the market expects above-average growth. P/S of 6.3x and P/B of 14.6x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.
Is the company financially stable?
With $10.23B in assets and $2.43B in long-term debt, the D/E of 0.5 shows a conservative capital structure — the company has a strong financial cushion to weather downturns.
Is the business self-funding?
FCF of $530.57M. The FCF / Net Income ratio of 0.3x indicates partial cash conversion — earnings quality needs attention. Cash reserves of $183.20M provide financial flexibility. Share count is stable — no dilution or buyback activity.
Competitive analysis based on 63 quarters of fundamental data
Operating margins are stable at ~22.9%, suggesting durable pricing power and cost discipline.
Consistently high ROE averaging 39.6% suggests a durable competitive advantage and efficient capital allocation.
Data-driven red flags and warnings across 63 quarters
Margins are stable or improving at ~22.9% — no sign of cost or pricing stress.
FCF covers net income by 1.0x on average — earnings are well-supported by cash generation.
D/E ratio is 0.5 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
8 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (7 of 7 quarters up), with ~14.9% growth over the period. Strong demand durability.