Screener / SEC EDGAR /CIK 0000723254 /10-K filed Jul 29, 2026, compared with Jul 28, 2025 /Numbers from the XBRL of the 10-Ks
Nasdaq Industrials · Apparel

Cintas CTAS

Compare with peers Embed
Cash returned and share count, year to May 31, 2026

Bought back $952.1M of its own shares, 7.4× what it paid in stock

XBRL, latest 10-K
Buybacks $952.1M cash paid for its own shares
Paid in stock to employees $128.1M stock-based compensation
Share count, 1 year -1.0% fewer shares: each share owns more
Share count, 3 years -1.8% diluted average shares

New shares against shares bought back

Dilution: new shares, stock pay and buybacks · S-3 and 424B, 3 years; 10-K

Shares offered

Since Nov 15, 2023: 1 registration of shares for a merger, units or notes; also 1 notes offering, 1 debt shelf.

“424B3 ny20069194x3_424b3.htm Filed Pursuant to Rule 424(b)(3) Registration No. 333-295330 LETTER TO SHAREHOLDERS OF UNIFIRST TRANSACTION PROPOSED - YOUR VOTE IS VERY IMPORTANT Dear Shareholders: On March 10, 2026, UniFirst Corporation ( “UniFirst”), Cintas Corporation (“Cintas”), Bruin Merger Sub I, Inc., a wholly owned subsidiary of Cintas (“Merger Sub Inc.”), and Bruin Merger Sub II, LLC, a wholly owned …”

424B3, May 11, 2026
Every offering filing

Paid in stock

$128.1M

stock-based pay, year to May 31, 2026; shares sold for $3.8M in cash

Bought back

$952.1M

cash paid for its own shares, year to May 31, 2026: 7.4× the stock pay

Diluted shares: 406.20M in the year to May 31, 2026 2026 -1.0%2025 -0.8%2024 0.0%2023 -2.0%

Change in the diluted weighted average share count from the fiscal year before, stock splits taken out. Bars use one scale for stock pay and buybacks. Prospectuses are read from their cover page; preliminary ones are left out. How

Net share count, 4 years

Shares, buybacks and stock pay, fiscal years 2022 to 2026 · 10-K XBRL

-3.8% shares
Share count -3.8% diluted average shares, 4 years to May 31, 2026, splits taken out
Bought back $3.0B cash paid for its own shares, summed over the 4 years
Paid in stock $477.0M stock-based compensation, and $9.1M received for shares sold, summed over the same years
Fiscal yearShares, changeBought backPaid in stockCash from shares sold
May 31, 2026 -1.0% $952.1M $128.1M $3.8M
May 31, 2025 -0.8% $934.8M $128.3M $900K
May 31, 2024 0.0% $700.0M $117.0M $1.4M
May 31, 2023 -2.0% $398.9M $103.6M $3.0M

Each year's change is the diluted weighted average share count against the year before, with stock splits taken out; the headline change compares the two ends of the span on one basis. Buybacks and stock pay are added up over the same years. Buybacks that only offset stock pay leave the count flat: both are shown, no verdict. How

Where the cash came from and where it went

FY2017 to FY2026, from the cash flow statements in the 10-Ks, added up

Operating cash flowDebt raisedShares soldOther, netCapital spendingAcquisitionsBuybacksDividendsDebt repaidAdded to cash Operating cash flow: $15.1B Operating cash flow $15.1B Debt raised: $3.7B Debt raised $3.7B Shares sold: $486.4M Shares sold $486.4M Other, net: $165.9M Other, net $165.9M Capital spending: $3.0B Capital spending $3.0B Acquisitions: $3.0B Acquisitions $3.0B Buybacks: $6.7B Buybacks $6.7B Dividends: $3.9B Dividends $3.9B Debt repaid: $2.7B Debt repaid $2.7B Added to cash: $149.7M Added to cash $149.7M

The same cash, step by step

Operating cash flow: $15.1B · NetCashProvidedByUsedInOperatingActivities, 0000723254-19-000021; NetCashProvidedByUsedInOperatingActivities, 0000723254-20-000025; NetCashProvidedByUsedInOperatingActivities, 0000723254-21-000021; NetCashProvidedByUsedInOperatingActivities, 0000723254-22-000019; NetCashProvidedByUsedInOperatingActivities, 0000723254-23-000025; NetCashProvidedByUsedInOperatingActivities, 0000723254-24-000036; NetCashProvidedByUsedInOperatingActivities, 0000723254-25-000017; NetCashProvidedByUsedInOperatingActivities, 0000723254-26-000028 +$15.1B
Operating cash flow
Debt raised: $3.7B · ProceedsFromIssuanceOfLongTermDebt, 0000723254-19-000021; ProceedsFromIssuanceOfLongTermDebt, 0000723254-20-000025; ProceedsFromIssuanceOfLongTermDebt, 0000723254-21-000021; ProceedsFromIssuanceOfLongTermDebt, 0000723254-22-000019; ProceedsFromIssuanceOfLongTermDebt, 0000723254-23-000025; ProceedsFromIssuanceOfLongTermDebt, 0000723254-24-000036; ProceedsFromIssuanceOfLongTermDebt, 0000723254-25-000017; ProceedsFromIssuanceOfLongTermDebt, 0000723254-26-000028 +$3.7B
Debt raised
Shares sold: $486.4M · ProceedsFromStockOptionsExercised, 0000723254-19-000021; ProceedsFromStockOptionsExercised, 0000723254-20-000025; ProceedsFromStockOptionsExercised, 0000723254-21-000021; ProceedsFromStockOptionsExercised, 0000723254-22-000019; ProceedsFromStockOptionsExercised, 0000723254-23-000025; ProceedsFromStockOptionsExercised, 0000723254-24-000036; ProceedsFromStockOptionsExercised, 0000723254-25-000017; ProceedsFromStockOptionsExercised, 0000723254-26-000028 +$486.4M
Shares sold
Other, net: $165.9M · investments bought and sold, other financing and investing lines, and exchange rates +$165.9M
Other, net
Capital spending: $3.0B · PaymentsToAcquirePropertyPlantAndEquipment, 0000723254-19-000021; PaymentsToAcquirePropertyPlantAndEquipment, 0000723254-20-000025; PaymentsToAcquirePropertyPlantAndEquipment, 0000723254-21-000021; PaymentsToAcquirePropertyPlantAndEquipment, 0000723254-22-000019; PaymentsToAcquirePropertyPlantAndEquipment, 0000723254-23-000025; PaymentsToAcquirePropertyPlantAndEquipment, 0000723254-24-000036; PaymentsToAcquirePropertyPlantAndEquipment, 0000723254-25-000017; PaymentsToAcquirePropertyPlantAndEquipment, 0000723254-26-000028 −$3.0B
Capital spending
Acquisitions: $3.0B · PaymentsToAcquireBusinessesNetOfCashAcquired, 0000723254-19-000021; PaymentsToAcquireBusinessesNetOfCashAcquired, 0000723254-20-000025; PaymentsToAcquireBusinessesNetOfCashAcquired, 0000723254-21-000021; PaymentsToAcquireBusinessesNetOfCashAcquired, 0000723254-22-000019; PaymentsToAcquireBusinessesNetOfCashAcquired, 0000723254-23-000025; PaymentsToAcquireBusinessesNetOfCashAcquired, 0000723254-24-000036; PaymentsToAcquireBusinessesNetOfCashAcquired, 0000723254-25-000017; PaymentsToAcquireBusinessesNetOfCashAcquired, 0000723254-26-000028 −$3.0B
Acquisitions
Buybacks: $6.7B · PaymentsForRepurchaseOfCommonStock, 0000723254-19-000021; PaymentsForRepurchaseOfCommonStock, 0000723254-20-000025; PaymentsForRepurchaseOfCommonStock, 0000723254-21-000021; PaymentsForRepurchaseOfCommonStock, 0000723254-22-000019; PaymentsForRepurchaseOfCommonStock, 0000723254-23-000025; PaymentsForRepurchaseOfCommonStock, 0000723254-24-000036; PaymentsForRepurchaseOfCommonStock, 0000723254-25-000017; PaymentsForRepurchaseOfCommonStock, 0000723254-26-000028 −$6.7B
Buybacks
Dividends: $3.9B · PaymentsOfDividendsCommonStock, 0000723254-19-000021; PaymentsOfDividendsCommonStock, 0000723254-20-000025; PaymentsOfDividendsCommonStock, 0000723254-21-000021; PaymentsOfDividendsCommonStock, 0000723254-22-000019; PaymentsOfDividendsCommonStock, 0000723254-23-000025; PaymentsOfDividendsCommonStock, 0000723254-24-000036; PaymentsOfDividendsCommonStock, 0000723254-25-000017; PaymentsOfDividendsCommonStock, 0000723254-26-000028 −$3.9B
Dividends
Debt repaid: $2.7B · RepaymentsOfLongTermDebt, 0000723254-19-000021; RepaymentsOfLongTermDebt, 0000723254-20-000025; RepaymentsOfLongTermDebt, 0000723254-21-000021; RepaymentsOfLongTermDebt, 0000723254-22-000019; RepaymentsOfLongTermDebt, 0000723254-23-000025; RepaymentsOfLongTermDebt, 0000723254-24-000036; RepaymentsOfLongTermDebt, 0000723254-25-000017; RepaymentsOfLongTermDebt, 0000723254-26-000028 −$2.7B
Debt repaid
Added to cash: $149.7M · CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000723254-19-000021; CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000723254-20-000025; CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000723254-21-000021; CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000723254-22-000019; CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000723254-23-000025; CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000723254-24-000036; CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000723254-25-000017; CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000723254-26-000028 −$149.7M
Added to cash

Came from

Operating cash flow
NetCashProvidedByUsedInOperatingActivities, 0000723254-19-000021; NetCashProvidedByUsedInOperatingActivities, 0000723254-20-000025; NetCashProvidedByUsedInOperatingActivities, 0000723254-21-000021; NetCashProvidedByUsedInOperatingActivities, 0000723254-22-000019; NetCashProvidedByUsedInOperatingActivities, 0000723254-23-000025; NetCashProvidedByUsedInOperatingActivities, 0000723254-24-000036; NetCashProvidedByUsedInOperatingActivities, 0000723254-25-000017; NetCashProvidedByUsedInOperatingActivities, 0000723254-26-000028
$15.1B
Debt raised
ProceedsFromIssuanceOfLongTermDebt, 0000723254-19-000021; ProceedsFromIssuanceOfLongTermDebt, 0000723254-20-000025; ProceedsFromIssuanceOfLongTermDebt, 0000723254-21-000021; ProceedsFromIssuanceOfLongTermDebt, 0000723254-22-000019; ProceedsFromIssuanceOfLongTermDebt, 0000723254-23-000025; ProceedsFromIssuanceOfLongTermDebt, 0000723254-24-000036; ProceedsFromIssuanceOfLongTermDebt, 0000723254-25-000017; ProceedsFromIssuanceOfLongTermDebt, 0000723254-26-000028
$3.7B
Shares sold
ProceedsFromStockOptionsExercised, 0000723254-19-000021; ProceedsFromStockOptionsExercised, 0000723254-20-000025; ProceedsFromStockOptionsExercised, 0000723254-21-000021; ProceedsFromStockOptionsExercised, 0000723254-22-000019; ProceedsFromStockOptionsExercised, 0000723254-23-000025; ProceedsFromStockOptionsExercised, 0000723254-24-000036; ProceedsFromStockOptionsExercised, 0000723254-25-000017; ProceedsFromStockOptionsExercised, 0000723254-26-000028
$486.4M
Other, net
investments bought and sold, other financing and investing lines, and exchange rates
$165.9M

Went to

Capital spending
PaymentsToAcquirePropertyPlantAndEquipment, 0000723254-19-000021; PaymentsToAcquirePropertyPlantAndEquipment, 0000723254-20-000025; PaymentsToAcquirePropertyPlantAndEquipment, 0000723254-21-000021; PaymentsToAcquirePropertyPlantAndEquipment, 0000723254-22-000019; PaymentsToAcquirePropertyPlantAndEquipment, 0000723254-23-000025; PaymentsToAcquirePropertyPlantAndEquipment, 0000723254-24-000036; PaymentsToAcquirePropertyPlantAndEquipment, 0000723254-25-000017; PaymentsToAcquirePropertyPlantAndEquipment, 0000723254-26-000028
$3.0B
Acquisitions
PaymentsToAcquireBusinessesNetOfCashAcquired, 0000723254-19-000021; PaymentsToAcquireBusinessesNetOfCashAcquired, 0000723254-20-000025; PaymentsToAcquireBusinessesNetOfCashAcquired, 0000723254-21-000021; PaymentsToAcquireBusinessesNetOfCashAcquired, 0000723254-22-000019; PaymentsToAcquireBusinessesNetOfCashAcquired, 0000723254-23-000025; PaymentsToAcquireBusinessesNetOfCashAcquired, 0000723254-24-000036; PaymentsToAcquireBusinessesNetOfCashAcquired, 0000723254-25-000017; PaymentsToAcquireBusinessesNetOfCashAcquired, 0000723254-26-000028
$3.0B
Buybacks
PaymentsForRepurchaseOfCommonStock, 0000723254-19-000021; PaymentsForRepurchaseOfCommonStock, 0000723254-20-000025; PaymentsForRepurchaseOfCommonStock, 0000723254-21-000021; PaymentsForRepurchaseOfCommonStock, 0000723254-22-000019; PaymentsForRepurchaseOfCommonStock, 0000723254-23-000025; PaymentsForRepurchaseOfCommonStock, 0000723254-24-000036; PaymentsForRepurchaseOfCommonStock, 0000723254-25-000017; PaymentsForRepurchaseOfCommonStock, 0000723254-26-000028
$6.7B
Dividends
PaymentsOfDividendsCommonStock, 0000723254-19-000021; PaymentsOfDividendsCommonStock, 0000723254-20-000025; PaymentsOfDividendsCommonStock, 0000723254-21-000021; PaymentsOfDividendsCommonStock, 0000723254-22-000019; PaymentsOfDividendsCommonStock, 0000723254-23-000025; PaymentsOfDividendsCommonStock, 0000723254-24-000036; PaymentsOfDividendsCommonStock, 0000723254-25-000017; PaymentsOfDividendsCommonStock, 0000723254-26-000028
$3.9B
Debt repaid
RepaymentsOfLongTermDebt, 0000723254-19-000021; RepaymentsOfLongTermDebt, 0000723254-20-000025; RepaymentsOfLongTermDebt, 0000723254-21-000021; RepaymentsOfLongTermDebt, 0000723254-22-000019; RepaymentsOfLongTermDebt, 0000723254-23-000025; RepaymentsOfLongTermDebt, 0000723254-24-000036; RepaymentsOfLongTermDebt, 0000723254-25-000017; RepaymentsOfLongTermDebt, 0000723254-26-000028
$2.7B
Added to cash
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000723254-19-000021; CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000723254-20-000025; CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000723254-21-000021; CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000723254-22-000019; CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000723254-23-000025; CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000723254-24-000036; CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000723254-25-000017; CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0000723254-26-000028
$149.7M

Each number is a line of the cash flow statement as the company tagged it. "Other, net" is what those lines do not cover (investments bought and sold, other financing and investing lines, and exchange rates); Tickdelta does not estimate it.

Where the operating cash went, year by year

FY2017 to FY2026 · cash flow statements, 10-K XBRL

10 years
Operating cash, added up $15.1B 10 fiscal years, FY2017 to FY2026
Reinvested 40% capital spending and acquisitions, as a share of that cash
Returned to owners 70% buybacks and dividends, as a share of that cash
Debt repaid $2.7B gross repayments added up; debt that was refinanced counts each time
Fiscal yearOperating cashCapital spendingAcquisitionsBuybacksDividendsDebt repaid
May 31, 2026 $2.3B $395.1M$164.5M$952.1M$701.5M-
May 31, 2025 $2.2B $408.9M$232.9M$934.8M$611.6M$450.0M
May 31, 2024 $2.1B $409.5M$186.8M$700.0M$530.9M$13.4M
May 31, 2023 $1.6B $331.1M$46.4M$398.9M$449.9M$50.0M
May 31, 2022 $1.5B $240.7M$164.2M$1.5B$375.1M$1.2B
May 31, 2021 $1.4B $143.5M$10.0M$554.1M$451.3M-
May 31, 2020 $1.3B $230.3M$53.7M$464.5M$268.0M$200.0M
May 31, 2019 $1.1B $276.7M$9.8M$1.0B$220.8M-
May 31, 2018 $964.2M $271.7M$19.3M$127.3M$175.6M$550.0M
May 31, 2017 $763.9M $273.3M$2.1B$20.7M$142.4M$250.0M
Added up$15.1B $3.0B
20% of operating cash
$3.0B
20% of operating cash
$6.7B
44% of operating cash
$3.9B
26% of operating cash
$2.7B
18% of operating cash

Each bar is one fiscal year; its colours add up to what the cash flow statement says the company spent on each line, and the line across it is that year's operating cash flow. Spending above the line was paid from new debt, shares sold or cash on hand. A bar part links to the 10-K it comes from. A line the company did not report is left out, not estimated, so the shares are of operating cash only and can add up to more or less than 100%. Debt repaid is the gross amount, so refinanced debt is counted each time it is repaid. A reading aid, not a grade: Tickdelta does not say whether a split was good. Banks and insurers are left out.

Buybacks, dividends and share count

Year by year · XBRL, each 10-K

Fiscal year toBuybacksDividendsDiluted shares
May 31, 2026$952.1M $701.5M 406.20M
May 31, 2025$934.8M $611.6M 410.29M
May 31, 2024$700.0M $530.9M 413.47M
May 31, 2023$398.9M $449.9M 413.51M
May 31, 2022$1.5B $375.1M 105.52M

From the XBRL of the 10-Ks (cash flow statement and diluted weighted average shares); each year as reported in the latest 10-K that includes it. Concepts: buybacks = PaymentsForRepurchaseOfCommonStock; dividends = PaymentsOfDividendsCommonStock; sbc = ShareBasedCompensation; issuance = ProceedsFromStockOptionsExercised; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.

Dividend per share, year by year

Dividends · declared per share, each 10-K; cash paid, cash flow statement

Per share, FY2026 $1.80 declared in the fiscal year to May 31, 2026
Against the year before ▲+15.4% dividend per share
Years in a row raised 4 to FY2026, per share
Cash paid out $701.5M cash flow statement, FY2026
Years paid in a row 10+ fiscal years, to FY2026, every year on file, dividend per share above zero
Growth a year, FY2017 to FY2026 +20.6% $0.3325 to $1.80 per share, 9 years

Declared since the 10-K: Aug 31, 2026 $0.52

Fiscal year toPer shareAgainst year beforeCash paid out
May 31, 2026 $1.80 ▲+15.4% $701.5M
May 31, 2025 $1.56 ▲+15.6% $611.6M
May 31, 2024 $1.35 ▲+17.4% $530.9M
May 31, 2023 $1.15 ▲+21.1% $449.9M
May 31, 2022 $0.95 ▼-24.2% $375.1M
May 31, 2021 $1.2525 ▲+96.5% -
May 31, 2020 $0.6375 ▲+24.4% -
May 31, 2019 $0.5125 ▲+26.5% -

Dividend per share as the company tagged it (CommonStockDividendsPerShareDeclared), from the latest 10-K that reports each year, so a stock split is already in it. A change is left blank when the year before is missing or the jump is more than five times.

Buybacks month by month, and what is left to buy

Share buybacks · 10-Q, Part II Item 2, latest 4 quarters

“On July 23, 2024, Cintas announced that the Board authorized a $1.0 billion share buyback program which does not have an expiration date.”

10-Q, Part II Item 2

“On October 28, 2025, Cintas announced that the Board authorized a new $1.0 billion share buyback program, which does not have an expiration date.”

10-Q, Part II Item 2

The monthly table could not be read from the text of these 10-Qs: open the latest 10-Q, Part II Item 2.

What it paid for each share it bought back

Price paid · 10-K, statement of shareholders' equity

Cheapest year $8.53 fiscal year to May 31, 2012
Dearest year $13.58 fiscal year to May 31, 2014
Average over these years $10.36 $959.0M spent

What CTAS paid on average for each share it bought back, each fiscal year: dollars spent divided by shares bought, both from the 10-K.

Fiscal year toShares boughtSpentAverage price
May 31, 2014 26.66M$362.0M $13.58
May 31, 2013 20.30M$207.9M $10.24
May 31, 2012 45.60M$389.1M $8.53

Shares and dollars from the statement of shareholders' equity (the cash flow line also counts shares withheld for taxes, so it is not used). Share counts filed before a stock split are put on today's count. A year where the 10-K does not tag both numbers is left out. The latest year with both numbers tagged is 2014.

What the 10-Ks show for each CEO's years

Each CEO's years · the CEO of each fiscal year as named in the proxy's pay versus performance table

Todd M. Schneider

FY2022 to FY2026 · 5 years in the table
Operating cash flow
$9.6B
Capital spending
$1.8B
Acquisitions
$794.9M
Buybacks
$4.5B
Dividends
$2.7B
Stock-based pay
$586.3M
Diluted shares since FY2021
-5.7%
Revenue since FY2021
+58%
Debt since FY2021
-$213.7M
CEO pay (reported)
$45.6M
The proxy that names the CEO

Sources

The cash flow statement, dividends per share and diluted share count in each 10-K's XBRL; Part II Item 2 of each 10-Q for monthly buybacks; offering prospectuses (S-3, 424B) for new shares; Form D data sets for private raises.

Also

CEO pay: what the CEO was paid over the same years.

Work with it

Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/CTAS/export.csv") into a cell.

Next:CEO pay