Cintas Corporation
- Open
- 204.50
- Day high
- 205.21
- Day low
- 200.04
- Prev close
- 205.28
- Volume
- 1.2M
- Mkt cap
- $81.4B
- P/E (TTM)
- 40.9
- EPS (TTM)
- $4.97
- P/B
- 15.8
- P/S
- 7.2
- Yield
- 0.88%
- Per share
- $1.80
- ▼Insiders net selling -$2.7M over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions mixed (13F)
Cintas Corporation (CTAS) is a Industrials company listed on NASDAQ. The stock is down 9% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4).
Cintas Corporation (CTAS) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 6 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CTAS earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Mar 25, 2026 | $1.24 | $1.24 | +0.0% | $2.8B | +0.7% |
| Dec 18, 2025 | $1.20 | $1.21 | +0.8% | $2.8B | +1.2% |
| Sep 24, 2025 | $1.19 | $1.20 | +0.8% | $2.7B | +0.7% |
| Mar 26, 2025 | $1.07 | $1.13 | +5.6% | $2.6B | +0.5% |
| Dec 19, 2024 | $1.01 | $1.09 | +7.9% | $2.6B | -0.0% |
| Sep 25, 2024 | $0.95 | $1.10 | +15.8% | $2.5B | +0.3% |
| Dec 21, 2023 | $0.87 | $0.90 | +3.4% | $2.4B | -0.1% |
| Jul 13, 2023 | $0.80 | $0.83 | +3.7% | $2.3B | +1.3% |
| Dec 21, 2022 | $0.76 | $0.78 | +2.6% | $2.2B | +2.3% |
| Jul 14, 2022 | $0.67 | $0.70 | +4.5% | $2.1B | +3.4% |
| Mar 23, 2022 | $0.62 | $0.67 | +8.1% | $2.0B | +2.9% |
| Dec 22, 2021 | $0.65 | $0.69 | +6.2% | $1.9B | +1.0% |
CTAS insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 30, 2026 | Barstad Melanie W.director | Grant | 148 | — |
| Jul 30, 2026 | Coletti Robert E.director | Grant | 116 | — |
| Jul 30, 2026 | CARNAHAN KAREN Ldirector | Grant | 134 | — |
| Jul 23, 2026 | TYSOE RONALD Wdirector | Sell | 4,363 | $199.90 |
| Jul 23, 2026 | TYSOE RONALD Wdirector | Tax | 685 | $199.90 |
| Jul 23, 2026 | TYSOE RONALD Wdirector | Option | 5,048 | $27.10 |
| Jul 20, 2026 | Barstad Melanie W.director | Tax | 1,406 | $203.44 |
| Jul 20, 2026 | Barstad Melanie W.director | Sell | 9,142 | $202.94 |
| Jul 20, 2026 | Barstad Melanie W.director | Option | 10,548 | $27.10 |
| Jul 6, 2026 | Garula Scottofficer: VP & CFO | Tax | 249 | $170.08 |
| Jun 17, 2026 | CARNAHAN KAREN Ldirector | Grant | 17 | — |
| Jun 17, 2026 | Barstad Melanie W.director | Grant | 12 | — |
| Jun 17, 2026 | TYSOE RONALD Wdirector | Grant | 100 | — |
| Jun 17, 2026 | Coletti Robert E.director | Grant | 29 | — |
| Apr 22, 2026 | TYSOE RONALD Wdirector | Option | 5,500 | $27.10 |
Source: CTAS SEC Form 4 filings, latest Jul 30, 2026. For informational purposes only — not investment advice.
See the full CTAS insider & 13F page →Cintas Corporation company profile
Overview
Cintas Corporation (NASDAQ:CTAS) is a leading provider of corporate identity uniforms and related business services founded in 1968 and headquartered in Cincinnati, Ohio. The company went public in 1983 and has grown from a small uniform rental business into a Fortune 500 company serving over one million businesses across North America. Cintas operates through a network of local facilities and delivery routes, providing essential business services to companies ranging from small service businesses to major corporations across diverse industries including healthcare, hospitality, education, and government sectors.
Business
Cintas operates in the specialty business services industry, providing outsourced business solutions that help companies maintain professional appearance, workplace safety, and operational efficiency. The company's core business revolves around renting, servicing, and delivering essential workplace items that businesses need but prefer not to manage internally. The company operates through three main business segments. The Uniform Rental and Facility Services segment represents approximately 75% of total revenue and includes uniform rental (48% of segment revenue), dust control services (19%), hygiene services (16%), shop towels (4%), linen services (10%), and catalog sales (3%). This segment involves renting work uniforms, flame-resistant clothing, floor mats, mops, and towels to businesses, then collecting, cleaning, and redistributing these items on regular routes - essentially functioning as an outsourced laundry and supply service. The First Aid and Safety Services segment, contributing roughly 11% of revenue, provides first aid cabinets, safety supplies, training services, and compliance programs. This business involves installing first aid stations at customer locations and regularly restocking them with medical supplies, bandages, and safety equipment while ensuring regulatory compliance. The Fire Protection Services and Uniform Direct Sale segment accounts for the remaining 14% of revenue, offering fire extinguishers, sprinkler systems, fire suppression equipment, and direct uniform sales. The fire protection business involves installing, inspecting, and maintaining fire safety equipment to ensure buildings meet safety codes and regulations.
Revenue model
Cintas operates on a rental and service subscription model where customers pay recurring fees for ongoing services rather than purchasing products outright. The primary revenue streams include weekly or monthly service fees for uniform rental programs, regular restocking fees for first aid cabinets, and maintenance contracts for fire protection equipment. The company's customers are primarily businesses that want to outsource non-core functions to focus on their main operations. Small to medium-sized businesses appreciate not having to manage uniform purchasing, cleaning, and replacement, while larger corporations benefit from standardized programs across multiple locations. The "no-program" market - businesses currently handling these services internally - represents a significant growth opportunity, with management estimating 16 million potential business customers in North America. Several factors influence Cintas's margins positively. Route density is crucial - as the company adds more customers along existing delivery routes, the fixed costs of trucks and drivers get spread across more stops, improving efficiency. Technology investments in routing optimization (SmartTruck), RFID tracking, and automated sorting help reduce labor costs and improve operational efficiency. The company also benefits from economies of scale in purchasing uniforms and supplies, negotiating better rates as volumes increase. Margin pressures can arise from fuel cost increases affecting delivery routes, labor wage inflation in manufacturing and service operations, and commodity price fluctuations for textiles and safety equipment. Competitive pricing pressure can limit the company's ability to pass through cost increases, particularly during periods of low inflation when customers resist price increases.
Competitive moat
Cintas possesses a moderately strong economic moat built primarily on switching costs and network effects. Once businesses establish uniform rental programs, switching providers involves significant operational disruption - retraining employees on new procedures, coordinating with new delivery schedules, and potentially changing uniform styles that employees and customers recognize. This creates meaningful customer stickiness, evidenced by strong retention rates mentioned in earnings calls. The company's route-based delivery network creates barriers to entry, as competitors need substantial upfront investment in facilities, trucks, and local market presence to effectively compete. Cintas's scale advantages in purchasing, technology development, and operational expertise make it difficult for smaller competitors to match service levels and pricing. However, the moat faces potential challenges. The uniform rental industry is relatively fragmented with numerous regional competitors, and the barriers to entry, while meaningful, are not insurmountable for determined competitors with sufficient capital. Technology disruption could potentially change how businesses approach these services, though the physical nature of uniform cleaning and delivery provides some protection. Additionally, economic downturns can pressure businesses to bring services in-house to reduce costs, though Cintas argues its value proposition becomes more compelling during tough times as companies seek to reduce overhead and focus on core operations.
Risks & safety
Cintas demonstrates a strong financial position with healthy cash generation and manageable debt levels, though trading at premium valuations. • **Solvency**: Current ratio of 1.72x indicates solid short-term liquidity; debt-to-equity ratio of 0.59x represents moderate leverage well within safe parameters • **Cash Flow**: Strong free cash flow generation of $522 million in Q3 2025, representing healthy 20% of revenue conversion • **Debt Service**: EBITDA of $740 million provides comfortable coverage for interest obligations • **Valuation Concerns**: Trading at 45x P/E ratio and 29x EV/EBITDA represents significant premium valuations that leave little room for execution missteps • **Growth Dependency**: High valuations require continued strong execution on growth and margin expansion initiatives • **Economic Sensitivity**: While defensive business model, premium valuation creates vulnerability during economic downturns or growth disappointments
Recent development
Over the past few years, Cintas has pursued several strategic initiatives focused on technology modernization and operational efficiency. The company has made substantial investments in its technology infrastructure, including implementing SAP systems across route-based segments, deploying SmartTruck routing optimization technology, and establishing partnerships with Google Cloud and Verizon to enhance data capabilities and customer service. The company has significantly expanded its focus on vertical markets, particularly healthcare, hospitality, education, and state/local government sectors, recognizing these as high-growth opportunities with specific service needs. This vertical strategy has driven strong organic growth, with First Aid and Safety Services consistently delivering double-digit growth rates exceeding 15% in recent quarters. Acquisition activity has accelerated, with the company spending $186.8 million on acquisitions in fiscal 2024 - the most since 2017. Management is actively pursuing both small tuck-in acquisitions and larger strategic deals across all route-based business segments, focusing primarily on North American opportunities in the fragmented market. The company has also emphasized cross-selling opportunities, leveraging its existing customer relationships to expand service offerings. This strategy has proven successful, with strong growth in customers adopting multiple service lines and improved customer lifetime value through expanded service penetration.
CTAS company profile · for informational purposes only — not investment advice.
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