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CTASCintas

Industrials · Apparel · Nasdaq
CTAS quote by TradingView
Headquarters
Cincinnati, OH
CEO
Todd M. Schneider
Next results
around Dec 17, 2026
Compare with peers → Embed
All key numbers (40, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)5.07Sales (ttm)11.6BNet income (ttm)2.1BSales growth+8.9%EPS growth+11.6%Sales Q/Q+10.9%
Free cash flow2.0BGross margin51.0%Oper. margin23.4%Net margin17.8%FCF margin17.6%ROE39.6%
ROA19.3%R&D / sales-Dividend1.80Debt/Eq0.27Curr. ratio1.45Cash243.6M
Op. cash flow (ttm)2.4BEBITDA3.1BEBITDA margin27.7%Net debt1.2BQuick ratio1.29Interest cover24.52
ROIC31.4%Payout ratio36.7%Tax rate20.2%Stock pay / sales1.1%Shares out.397.1MShares Y/Y-1.0%
Book / share13.11Cash / share0.61Sales / share29.11Asset turnover1.09Inventory turns12.45Days sales out.50
Sales 3Y CAGR+8.5%Sales 5Y CAGR+9.6%EPS 3Y CAGR+14.7%EPS 5Y CAGR+13.9%

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2026 against FY2025
  • Debt fell 41%$2.4B → $1.4B · Short-term + long-term debt at year end
What management wrote about it → · Every company →

CTAS against Industrials peers

Ten years, side by side → · All 83 →
GrowthProfitBalanceCleanInsiders
CTASPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 83 companies, the better end on the right. Hover a dot for the company.

Sales growth
+8.9%20th of 82 · median +4.8%
Net margin
17.8%17th of 82 · median 13.0%
Return on equity
39.6%16th of 77 · median 24.9%
Free cash flow margin
17.6%21st of 79 · median 13.0%
Debt / equity (less is better)
0.278th of 72 · median 0.72
CTAS and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
CTAS Cintas$11.6B +8.9%51.0%17.8%39.6%17.6%0.27
VRT Vertiv$13.1B +27.7%38.1%16.0%38.1%24.0%0.53
NSC Norfolk Southern$13.0B +0.5%-20.7%16.0%12.7%0.99
FIX Comfort Systems USA$12.5B +29.5%25.6%13.0%48.9%19.5%0.01
WAB Wabtec$12.2B +7.5%35.6%11.2%12.1%14.6%0.56
TDG TransDigm Group$10.0B +11.2%59.6%21.3%-19.3%-

From $7.9B of sales to $1.2B of profit

FY2022, from the 10-K income statement
Revenue to Gross profit: $3.6BRevenue to Cost of revenue: $4.2BGross profit to Operating profit: $1.6BGross profit to Operating expenses: $2.0BOperating profit to Net profit: $1.2BOperating profit to Tax & other: $351.6M Revenue: $7.9B Revenue$7.9B +10% Y/Y Gross profit: $3.6B · 46% margin Gross profit$3.6B46% margin +10% Y/Y Cost of revenue: $4.2B · 54% of revenue Cost of revenue$4.2B54% of revenue Operating profit: $1.6B · 20% margin Operating profit$1.6B20% margin +15% Y/Y Operating expenses: $2.0B · 26% of revenue Operating expenses$2.0B26% of revenue Net profit: $1.2B · 16% margin Net profit$1.2B16% margin +11% Y/Y Tax & other: $351.6M · 4% of revenue Tax & other$351.6M4% of revenue

Swipe sideways for the whole flow →

From $8.8B of sales to $1.3B of profit

FY2023, from the 10-K income statement and revenue by product
Uniform Rental and Facility Services to Revenue: $6.9BOther to Revenue: $1.9BRevenue to Gross profit: $4.2BRevenue to Cost of revenue: $4.6BGross profit to Operating profit: $1.8BGross profit to Operating expenses: $2.4BOperating profit to Net profit: $1.3BOperating profit to Tax & other: $454.7M Uniform Rental and Facility Services: $6.9B · 78% Uniform Rental and Faci…$6.9B78% Other: $1.9B · 22% Other$1.9B22% Revenue: $8.8B Revenue$8.8B +12% Y/Y Gross profit: $4.2B · 47% margin Gross profit$4.2B47% margin +15% Y/Y Cost of revenue: $4.6B · 53% of revenue Cost of revenue$4.6B53% of revenue Operating profit: $1.8B · 20% margin Operating profit$1.8B20% margin +14% Y/Y Operating expenses: $2.4B · 27% of revenue Operating expenses$2.4B27% of revenue Net profit: $1.3B · 15% margin Net profit$1.3B15% margin +9% Y/Y Tax & other: $454.7M · 5% of revenue Tax & other$454.7M5% of revenue

Swipe sideways for the whole flow →

From $9.6B of sales to $1.6B of profit

FY2024, from the 10-K income statement and revenue by product
Uniform Rental and Facility Services to Revenue: $7.5BOther to Revenue: $2.1BRevenue to Gross profit: $4.7BRevenue to Cost of revenue: $4.9BGross profit to Operating profit: $2.1BGross profit to Operating expenses: $2.6BOperating profit to Net profit: $1.6BOperating profit to Tax & other: $497.0M Uniform Rental and Facility Services: $7.5B · 78% Uniform Rental and Faci…$7.5B78% Other: $2.1B · 22% Other$2.1B22% Revenue: $9.6B Revenue$9.6B +9% Y/Y Gross profit: $4.7B · 49% margin Gross profit$4.7B49% margin +12% Y/Y Cost of revenue: $4.9B · 51% of revenue Cost of revenue$4.9B51% of revenue Operating profit: $2.1B · 22% margin Operating profit$2.1B22% margin +15% Y/Y Operating expenses: $2.6B · 27% of revenue Operating expenses$2.6B27% of revenue Net profit: $1.6B · 16% margin Net profit$1.6B16% margin +17% Y/Y Tax & other: $497.0M · 5% of revenue Tax & other$497.0M5% of revenue

Swipe sideways for the whole flow →

From $10.3B of sales to $1.8B of profit

FY2025, from the 10-K income statement and revenue by product
Uniform Rental and Facility Services to Revenue: $8.0BOther to Revenue: $2.4BRevenue to Gross profit: $5.2BRevenue to Cost of revenue: $5.2BGross profit to Operating profit: $2.4BGross profit to Operating expenses: $2.8BOperating profit to Net profit: $1.8BOperating profit to Tax & other: $547.4M Uniform Rental and Facility Services: $8.0B · 77% Uniform Rental and Faci…$8.0B77% Other: $2.4B · 23% Other$2.4B23% Revenue: $10.3B Revenue$10.3B +8% Y/Y Gross profit: $5.2B · 50% margin Gross profit$5.2B50% margin +10% Y/Y Cost of revenue: $5.2B · 50% of revenue Cost of revenue$5.2B50% of revenue Operating profit: $2.4B · 23% margin Operating profit$2.4B23% margin +14% Y/Y Operating expenses: $2.8B · 27% of revenue Operating expenses$2.8B27% of revenue Net profit: $1.8B · 18% margin Net profit$1.8B18% margin +15% Y/Y Tax & other: $547.4M · 5% of revenue Tax & other$547.4M5% of revenue

Swipe sideways for the whole flow →

From $11.3B of sales to $2.0B of profit

FY2026, from the 10-K income statement and revenue by product
Uniform Rental and Facility Services to Revenue: $8.6BOther to Revenue: $2.6BRevenue to Gross profit: $5.7BRevenue to Cost of revenue: $5.6BGross profit to Operating profit: $2.6BGross profit to Operating expenses: $3.1BOperating profit to Net profit: $2.0BOperating profit to Tax & other: $606.5M Uniform Rental and Facility Services: $8.6B · 77% Uniform Rental and Faci…$8.6B77% Other: $2.6B · 23% Other$2.6B23% Revenue: $11.3B Revenue$11.3B +9% Y/Y Gross profit: $5.7B · 51% margin Gross profit$5.7B51% margin +10% Y/Y Cost of revenue: $5.6B · 49% of revenue Cost of revenue$5.6B49% of revenue Operating profit: $2.6B · 23% margin Operating profit$2.6B23% margin +10% Y/Y Operating expenses: $3.1B · 28% of revenue Operating expenses$3.1B28% of revenue Net profit: $2.0B · 18% margin Net profit$2.0B18% margin +10% Y/Y Tax & other: $606.5M · 5% of revenue Tax & other$606.5M5% of revenue

Swipe sideways for the whole flow →

Where each $100 of sales went

FY2022
FY2023
FY2024
FY2025
FY2026
  • Cost of revenue
  • Sales, admin & other
  • Tax & other
  • Net profit

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →

Profitability

4 of 4
  • ✓
    Net margin above the peer median17.8% vs 13.0%
  • ✓
    Gross margin up over 5 years46.6% → 50.7%
  • ✓
    Return on equity above 15%39.6%
  • ✓
    A profit in every one of 10 years
Net margin, FY2017 to FY2026: 9.0% → 17.8%

Balance sheet

4 of 4
  • ✓
    Interest covered more than 5 timesOperating income is 24.5× interest expense
  • ✓
    Debt smaller than equityDebt / equity 0.27 on the latest balance sheet (peer median 0.72)
  • ✓
    Current assets cover current liabilitiesCurrent ratio 1.45
  • ✓
    Net debt under 3 years of free cash flow$1.2B net debt, 0.6 years
Debt / equity at each year end, FY2017 to FY2026: 1.23 → 0.28
What the debt is made of ↓

Cash and shareholders

4 of 4
  • ✓
    Free cash flow positive in every one of 10 years$1.9B last year
  • ✓
    Share count down over 5 years−5.7%
  • ✓
    Dividend per share up over 5 years$1.25 → $1.80
  • ✓
    Cash from operations above net income$2.3B vs $2.0B
Free cash flow, FY2017 to FY2026: 490.6M → 1.9B

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

What the debt is made of, and when it is due

balance sheet of Aug 31, 2026 · schedule of May 31, 2026
Debt: $1.4B Debt$1.4B Long-term debt: $430.3M · 30% Long-term debt$430.3M · 30% Due within a year: $999.3M · 70% Due within a year$999.3M · 70% Next 12 months: $1.0B · 70% Next 12 months$1.0B · 70% Year 2: $400.0M · 28% Year 2$400.0M · 28%

The debt note's own lines, 2026-05-31

Line, as the company names itKindRateFixed or floatingAmount
Senior Notes, 4.00%, 2032 Maturity (Senior Notes)Notes and bonds4.00%not stated$800.0M
Senior Notes, 4.20%, 2028 Maturity (Senior Notes)Notes and bonds4.20%not stated$400.0M
Senior Notes, 6.15%, 2037 Maturity (Senior Notes)Notes and bonds6.15%not stated$236.6M

From the debt note in the 10-K's XBRL (0000723254-26-000028), as the company tags it: by issue, by year, by currency or by kind. Lines from two ways of cutting the same debt can overlap, so they are not added up. Fixed or floating is read from the line's own name only; "not stated" when it says neither.

Left: the debt lines on the balance sheet (XBRL). Right: the principal due each year, from the debt note's maturity schedule; it can differ a little from the balance sheet, which shows the debt net of discounts and fees. Leases are not counted. The full schedule →

Revenue and net income, FY2017 to FY2026

Revenue 11.3B Net income 2.0B
FY2017 revenue 5.3B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000723254-19-000021 FY2017 net income 480.7M · NetIncomeLoss, 0000723254-19-000021 5.3B FY2017 FY2018 revenue 6.5B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000723254-20-000025 FY2018 net income 842.6M · NetIncomeLoss, 0000723254-20-000025 6.5B FY2018 FY2019 revenue 6.9B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000723254-21-000021 FY2019 net income 885.0M · NetIncomeLoss, 0000723254-21-000021 6.9B FY2019 FY2020 revenue 7.1B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000723254-22-000019 FY2020 net income 876.0M · NetIncomeLoss, 0000723254-22-000019 7.1B FY2020 FY2021 revenue 7.1B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000723254-23-000025 FY2021 net income 1.1B · NetIncomeLoss, 0000723254-23-000025 7.1B FY2021 FY2022 revenue 7.9B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000723254-24-000036 FY2022 net income 1.2B · NetIncomeLoss, 0000723254-24-000036 7.9B FY2022 FY2023 revenue 8.8B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000723254-25-000017 FY2023 net income 1.3B · NetIncomeLoss, 0000723254-25-000017 8.8B FY2023 FY2024 revenue 9.6B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000723254-26-000028 FY2024 net income 1.6B · NetIncomeLoss, 0000723254-26-000028 9.6B FY2024 FY2025 revenue 10.3B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000723254-26-000028 FY2025 net income 1.8B · NetIncomeLoss, 0000723254-26-000028 10.3B FY2025 FY2026 revenue 11.3B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000723254-26-000028 FY2026 net income 2.0B · NetIncomeLoss, 0000723254-26-000028 11.3B FY2026

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

CTAS's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly
Revenue11.3B
FY2017: 5.3BFY2018: 6.5BFY2019: 6.9BFY2020: 7.1BFY2021: 7.1BFY2022: 7.9BFY2023: 8.8BFY2024: 9.6BFY2025: 10.3BFY2026: 11.3B FY2018FY2020FY2022FY2024FY2026
Net income2.0B
FY2017: 480.7MFY2018: 842.6MFY2019: 885.0MFY2020: 876.0MFY2021: 1.1BFY2022: 1.2BFY2023: 1.3BFY2024: 1.6BFY2025: 1.8BFY2026: 2.0B FY2018FY2020FY2022FY2024FY2026
Free cash flow1.9B
FY2017: 490.6MFY2018: 692.5MFY2019: 791.1MFY2020: 1.1BFY2021: 1.2BFY2022: 1.3BFY2023: 1.3BFY2024: 1.7BFY2025: 1.8BFY2026: 1.9B FY2018FY2020FY2022FY2024FY2026
EPS (diluted)4.91
FY2017: 1.09FY2018: 1.89FY2019: 2.00FY2020: 2.03FY2021: 2.56FY2022: 2.91FY2023: 3.25FY2024: 3.79FY2025: 4.40FY2026: 4.91 FY2018FY2020FY2022FY2024FY2026
Dividend per share1.80
FY2017: 0.33FY2018: 0.41FY2019: 0.51FY2020: 0.64FY2021: 1.25FY2022: 0.95FY2023: 1.15FY2024: 1.35FY2025: 1.56FY2026: 1.80 FY2018FY2020FY2022FY2024FY2026
Diluted shares406.2M
FY2017: 431.1MFY2018: 439.2MFY2019: 438.0MFY2020: 428.0MFY2021: 430.8MFY2022: 422.1MFY2023: 413.5MFY2024: 413.5MFY2025: 410.3MFY2026: 406.2M FY2018FY2020FY2022FY2024FY2026

Revenue by business segment

year to May 31, 2026
RevenueSharevs year before
Uniform Rental and Facility Services 8.6B76.5% +8.1%
First Aid and Safety Services 1.4B12.4% +14.3%
All Other Segments 1.3B11.1% +9.2%
Fire Protection Services 929.1M8.2% +13.7%
Uniform Direct Sales 322.1M2.9% -2.0%

10-K 0000723254-26-000028, segment and revenue notes (XBRL).

Revenue by product or service

year to May 31, 2026
RevenueSharevs year before
Uniform Rental and Facility Services 8.6B76.5% +8.1%
Other 2.6B23.5% +11.8%

10-K 0000723254-26-000028, segment and revenue notes (XBRL).

Income statement

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue5.3B6.5B6.9B7.1B7.1B7.9B8.8B9.6B10.3B11.3B
Cost of revenue------4.6B4.9B5.2B5.6B
Gross profit2.4B2.9B3.1B3.2B3.3B3.6B4.2B4.7B5.2B5.7B
SG&A1.5B1.9B2.0B2.1B1.9B2.0B2.4B2.6B2.8B3.1B
Operating income773.7M949.8M1.1B1.2B1.4B1.6B1.8B2.1B2.4B2.6B
Interest expense86.5M110.2M101.7M105.4M98.2M88.8M111.2M100.7M101.1M106.3M
Pretax income687.4M841.0M1.1B1.1B1.3B1.5B1.7B2.0B2.3B2.5B
Income tax230.1M57.1M219.8M181.9M176.8M263.0M345.1M402.0M451.9M505.4M
Net income480.7M842.6M885.0M876.0M1.1B1.2B1.3B1.6B1.8B2.0B
EPS (diluted)1.091.892.002.032.562.913.253.794.404.91
Diluted shares431.1M439.2M438.0M428.0M430.8M422.1M413.5M413.5M410.3M406.2M
Depreciation & amortization196.6M279.4M360.1M379.1M388.0M399.7M409.2M442.4M494.2M512.8M
EBITDA970.3M1.2B1.5B1.5B1.8B2.0B2.2B2.5B2.9B3.1B
Gross margin44.7%44.9%45.4%45.6%46.6%46.2%47.3%48.8%50.0%50.7%
Operating margin14.5%14.7%16.4%16.4%19.5%20.2%20.4%21.6%22.8%23.1%
Net margin9.0%13.0%12.8%12.4%15.6%15.7%15.3%16.4%17.5%17.8%
Revenue growth-+21.7%+6.4%+2.8%+0.4%+10.4%+12.2%+8.9%+7.7%+8.9%
EPS growth-+72.6%+5.7%+1.5%+26.3%+13.8%+11.6%+16.6%+16.1%+11.6%

Balance sheet

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash169.3M138.7M96.6M145.4M493.6M90.5M124.1M342.0M264.0M289.0M
Short-term investments22.2M0--------
Receivables736.0M804.6M910.1M870.4M901.7M1.0B1.2B1.2B1.4B1.6B
Inventory278.2M280.3M334.6M408.9M481.8M472.1M506.6M410.2M447.4M446.4M
Current assets2.0B2.0B2.2B2.3B2.8B2.6B2.9B3.2B3.4B3.9B
Property & equipment1.3B1.4B1.4B1.4B1.3B1.3B1.4B1.5B1.7B1.7B
Goodwill2.8B2.8B2.8B2.9B2.9B3.0B3.1B3.2B3.4B3.5B
Total assets6.8B7.0B7.4B7.7B8.2B8.1B8.5B9.2B9.8B10.5B
Accounts payable177.1M215.1M226.0M231.0M230.8M251.5M302.3M339.2M485.1M461.2M
Current liabilities1.1B775.9M1.1B885.2M1.9B1.4B1.2B1.8B1.6B2.7B
Total debt2.8B2.5B2.7B2.5B1.6B2.5B2.5B2.0B2.4B1.4B
Shareholders' equity2.3B3.0B3.0B3.2B3.7B3.3B3.9B4.3B4.7B5.1B
Retained earnings5.2B5.8B6.7B7.3B7.9B8.7B9.6B10.6B11.8B13.1B

Cash flow

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow763.9M964.2M1.1B1.3B1.4B1.5B1.6B2.1B2.2B2.3B
Capital spending273.3M271.7M276.7M230.3M143.5M240.7M331.1M409.5M408.9M395.1M
Free cash flow490.6M692.5M791.1M1.1B1.2B1.3B1.3B1.7B1.8B1.9B
Stock-based pay (added back)88.9M112.8M139.2M115.4M112.0M109.3M103.6M117.0M128.3M128.1M
Dividends paid142.4M175.6M220.8M268.0M451.3M375.1M449.9M530.9M611.6M701.5M
Buybacks20.7M127.3M1.0B464.5M554.1M1.5B398.9M700.0M934.8M952.1M
Acquisitions2.1B19.3M9.8M53.7M10.0M164.2M46.4M186.8M232.9M164.5M
Debt raised1.9B0200.0M001.2B00398.1M0
Debt repaid250.0M550.0M0200.0M01.2B50.0M13.4M450.0M0
Investing cash flow-2.3B-135.7M-235.6M-285.4M-137.2M-402.6M-381.6M-603.3M-623.6M-568.4M
Financing cash flow1.6B-864.1M-873.3M-955.2M-879.9M-1.5B-1.2B-1.2B-1.6B-1.7B
Dividend per share0.330.410.510.641.250.951.151.351.561.80

Stock-based pay and leases

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Stock-based pay (expense)88.9M112.8M139.2M115.4M112.0M109.3M103.6M117.0M128.3M128.1M
Stock-based pay / revenue1.7%1.7%2.0%1.6%1.6%1.4%1.2%1.2%1.2%1.1%
Operating lease cost-70.0M69.7M70.4M71.0M74.5M79.8M83.2M91.1M101.2M
Operating lease cash paid---50.8M49.3M49.6M49.9M51.8M57.0M65.7M
Right-of-use assets---160.0M168.5M170.0M178.5M188.0M224.4M271.1M
Operating lease liabilities---165.7M174.6M172.9M182.0M192.6M229.5M277.9M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

Work on CTAS in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/CTAS/export.csv") into a cell.