10-QPeriod: Q1 FY2026

CINTAS CORP Quarterly Report for Q1 Ended Aug 31, 2025

Filed October 8, 2025For Securities:CTAS

Summary

Cintas Corporation reported strong financial results for the three months ended August 31, 2025. Total revenue increased by 8.7% year-over-year to $2.72 billion, with organic growth contributing 7.8%. Both the Uniform Rental and Facility Services segment and the First Aid and Safety Services segment demonstrated robust revenue growth, indicating continued demand for Cintas' core offerings. Net income rose by 8.7% to $491.1 million, leading to a 9.1% increase in diluted earnings per share to $1.20. The company maintained healthy operating margins, with operating income growing to $617.9 million, representing 22.7% of revenue, up from 22.4% in the prior year. This improvement was driven by increased revenue, more efficient inventory management, and operating leverage. Cintas also continues to actively return capital to shareholders through dividends and share repurchases, although share repurchases were lower in the current quarter compared to the prior year.

Financial Highlights

48 data points
Beta

Revenue

$2.72B

50.3% Gross Margin

Net Income

$491.14M

18.1% Net Margin

EPS (Diluted)

$1.20

Total Assets

$9.84B

Cash & Equivalents

$138.14M

Free Cash Flow

$312.52M

Financial Statements
Beta
Revenue$2.72B
Cost of Revenue$1.35B
Gross Profit$1.37B
SG&A Expenses$748.70M
Operating Income$617.86M
Net Income$491.14M
EPS (Basic)$1.21
EPS (Diluted)$1.20
Shares Outstanding (Basic)403.29M
Shares Outstanding (Diluted)409.29M

Key Highlights

  • 1Total revenue for the quarter increased by 8.7% to $2.72 billion, demonstrating consistent top-line growth.
  • 2Net income grew by 8.7% to $491.1 million, translating to a 9.1% increase in diluted EPS to $1.20.
  • 3Uniform Rental and Facility Services revenue increased by 8.1%, driven by new business, increased penetration, and pricing.
  • 4First Aid and Safety Services revenue saw a significant 14.4% increase, highlighting strong performance in this segment.
  • 5Operating income margin improved slightly to 22.7% from 22.4% year-over-year, indicating efficient operations.
  • 6The company's debt-to-EBITDA ratio remains healthy, and Cintas was in compliance with all debt covenants.
  • 7Cash flows from operations provided $414.5 million, though slightly lower than the prior year, still indicating strong operational cash generation.

Frequently Asked Questions

Revenue growth was driven by an 8.7% increase in total revenue, with organic growth accounting for 7.8%. This growth was fueled by increases in new business, deeper penetration of additional products and services into existing customer relationships, and strategic price increases across both the Uniform Rental and Facility Services and First Aid and Safety Services segments.

Profitability improved as net income increased by 8.7% to $491.1 million. Operating income also rose to $617.9 million, with the operating margin expanding to 22.7% from 22.4% in the prior year. This improvement was attributed to more efficient in-service inventory usage, operating leverage from revenue growth, and improvements in selling and administrative expenses as a percentage of revenue in key segments.

Cintas maintains a strong liquidity position with $138.1 million in cash and cash equivalents and access to a $2.0 billion revolving credit facility. The company was in compliance with all debt covenants, and its debt-to-EBITDA ratio remains healthy. While cash flow from operations was slightly lower than the prior year due to working capital changes, it remains sufficient to fund operations and strategic initiatives.

The First Aid and Safety Services segment experienced a robust 14.4% revenue increase. This growth was propelled by new business acquisition, cross-selling of additional products and services to existing customers, price adjustments, and strong customer retention rates.