CINTAS CORPCTAS
CINTAS CORP Financial Overview 2021–2025
By the close of FY2025, Cintas extracted a 50.0% gross margin on $10.3 billion in total revenue, proving its pricing power easily absorbed inflationary cost pressures. The core investment thesis is clear: relentless operational leverage and high-margin diversification have transformed this uniform rental provider into a highly profitable cash-compounding machine.
The company's top line grew steadily from $7.1 billion in FY2021 to $10.3 billion in FY2025. This expansion was consistently fueled by the First Aid and Safety Services segment, which posted a 14.1% revenue jump in the latest fiscal year. Profitability scaled even faster as net income reached $1.81 billion in FY2025. Cintas backs this earnings growth with tangible liquidity, generating $2.17 billion in operating cash flow over the same period. Management directly rewarded shareholders with this cash, funneling $934.8 million into stock repurchases and $611.6 million into dividends during FY2025 alone, and later executed a 4-for-1 stock split in September 2024 to manage its rising equity value.
The market has aggressively priced in this consistent execution. At the end of FY2025, Cintas reached a $91.3 billion market cap. Shares closed the fiscal year at $226.50, commanding a premium 51.5x price-to-earnings multiple against its $4.40 in per-share earnings.
Recent Developments (Q1 and Q2 2026)
In December 2025, Cintas proposed an all-cash acquisition of UniFirst Corporation for $275.00 per share. This move follows robust performance, as total revenue expanded 9.0% year-over-year to $5.52 billion in H1 2026. Top-line sales grew to $2.80 billion during Q2 2026—a 9.3% year-over-year gain. Operating leverage remains exceptional; net income climbed 9.5% to $986.5 million during H1 2026, supported by a 22.7% operating margin reported in Q1 2026. The company also executed $901.7 million in share repurchases by the end of Q2 2026.
Bulls see the UniFirst buyout driving significant long-term synergies across a highly efficient core business. Conversely, bears fear integration risks and earnings dilution if the deal faces antitrust scrutiny. Valuations have compressed slightly, with shares trading at 42.4x earnings at a $75.2 billion market cap as of January 6, 2026.
What to watch: progress on the UniFirst acquisition; sequential changes in operating margins amid integration planning.
Rev
$10.34B
FY2025
NI
$1.81B
FY2025
EPS
$4.48
FY2025
OCF
$2.17B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
Recent SEC Filings
CINTAS CORP 8-K Report, Corporate Update (Dec 22, 2025)
Cintas Corporation (CTAS) has announced a significant development in its strategic growth initiatives by submitting a proposal to acquire UniFirst Corporation for $275.00 per share in cash. This all-cash offer aims to acquire all outstanding common and class B shares of UniFirst, signaling a potentially transformative move for Cintas in the uniform rental and facility services industry. While the proposal is a strong indication of Cintas' intent, investors should note that this is an initial offer and the transaction is subject to various conditions and risks. The company has included a forward-looking statements section highlighting potential challenges such as the possibility of the transaction not being consummated, integration risks, and the impact on Cintas' earnings per share. Investors are advised to monitor future filings for updates and to consider the potential synergies and integration costs associated with such a significant acquisition.
CINTAS CORP 8-K Report, Financial Results (Dec 18, 2025)
Cintas Corporation (CTAS) has filed an 8-K report on December 17, 2025, primarily to disclose its financial results for the quarter ended November 30, 2025. This filing includes a press release, furnished as Exhibit 99, which contains the detailed financial performance for the period. Investors should review this press release for key metrics such as revenue, earnings per share, and any forward-looking guidance provided by the company. The primary purpose of this 8-K is to make the company's quarterly financial announcements publicly available in compliance with SEC regulations. While the 8-K itself is brief, it serves as the official gateway to the more comprehensive financial information released by Cintas. Investors are encouraged to access and analyze the press release for a thorough understanding of the company's current operational and financial standing, as well as management's outlook.
CINTAS CORP 8-K Report, Shareholder Vote Results (Oct 31, 2025)
Cintas Corporation (CTAS) has filed an 8-K report detailing the outcomes of its 2025 Annual Meeting of Shareholders, held on October 28, 2025. The report primarily focuses on the voting results of several key proposals presented to the shareholders. Notably, all incumbent directors were overwhelmingly re-elected, demonstrating strong shareholder confidence in the current leadership and governance structure of the company. Additionally, shareholders approved an advisory resolution on executive compensation and ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2026, indicating continued support for the company's financial oversight and compensation practices. However, a significant outcome was the rejection of a shareholder proposal aimed at enabling shareholders to call for a special meeting. This proposal did not receive majority support, suggesting that the current governance mechanisms and board discretion are preferred by the majority of shareholders over increased shareholder-initiated actions. Overall, the meeting results reflect solid backing for Cintas's management and audit functions, while indicating a preference for maintaining the status quo regarding certain shareholder rights proposals.
CINTAS CORP 8-K Report, Financial Results (Sep 24, 2025)
Cintas Corporation (CTAS) filed an 8-K on September 24, 2025, primarily to report its financial results for the fiscal quarter ended August 31, 2025. The press release announcing these results, furnished as an exhibit, is the key piece of information for investors in this filing. While the 8-K itself doesn't contain the detailed financial figures, it directs investors to the press release for comprehensive data on the company's performance during the reported period. Investors should review the press release for specific details on revenue, profitability, earnings per share, and any forward-looking guidance provided by Cintas management. This information will be crucial for assessing the company's operational health, its ability to meet market expectations, and its future growth prospects. The filing serves as a formal notification of the release of this important financial update.
CINTAS CORP 8-K Report, Financial Results (Jul 17, 2025)
Cintas Corporation (CTAS) has filed an 8-K report on July 17, 2025, primarily announcing its financial results for the fourth quarter and full fiscal year ended May 31, 2025. This filing includes a press release that details the company's performance during this period, offering key insights into its operational and financial condition. Investors should refer to the furnished press release (Exhibit 99) for a comprehensive understanding of Cintas's recent financial achievements, including revenue, profitability, and any forward-looking statements or guidance provided by management.
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