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.
Cintas Corporation (CTAS) reported trailing twelve months revenue of $11.03B as of February 2026, a 8.7% increase year-over-year. Quarterly revenue reached $2.84B, reflecting continued top-line momentum.
Cintas Corporation generated $1.94B in TTM net income, with quarterly EBITDA of $788.57M. The operating margin contracted from 23.4% to 23.2%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (23.2%) and net margin (17.7%) indicates moderate non-operating costs. Net margin has narrowed from 17.8% a year ago, reflecting increased costs or interest expense.
CTAS trades at a P/E of 41.5x (a premium multiple) and a P/S of 7.3x. The price-to-book ratio of 16.8x indicates a significant premium over book value.
The company generated $530.57M in free cash flow over the trailing twelve months, a 1.6% increase year-over-year, indicating cash generation ability. The balance sheet shows $10.23B in total assets with $2.43B in long-term debt against $4.79B in stockholders equity for a debt-to-equity ratio of 0.5. Data based on the most recent quarterly reports.
Competitive analysis based on 21 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.
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.
Data-driven red flags and warnings across 21 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.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation