Loading…
Largest US provider of uniform rental/facility services plus fire safety and first-aid/safety products to businesses.
Largest US provider of uniform rental/facility services plus fire safety and first-aid/safety products to businesses.
Rents uniforms, mats and restroom supplies on multi-year contracts with weekly service, so more customers on the same truck route lifts profit. First-aid, safety and fire-inspection services are sold to those same customers. It added scale with the 2017 purchase of G&K Services.
Moat: wide (scale, distribution, switching costs). Dense route-delivery network and multi-year service contracts create switching costs and route-density cost advantages.
Headquarters: Cincinnati, Ohio, USA · Founded: 1929 · Employees: 48,100
Size Cintas (CTAS) is a United States Industrials company (Miscellaneous Commercial Services) with a market value of $88.3B, the 148th largest of 3,117 United States companies the cockpit tracks. Shares closed at $222.36 on 6 Nov 2026.
Performance Over six months the shares gained 33.5%, against +15.7% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 6 in its peer set.
Growth Revenue grew 9.5% over the last twelve months (peer median +4.9%); the operating margin is 23.6% (peer median 20.8%).
Valuation It trades at 38.9× forward earnings against a peer median of 22.5× (most expensive of 7).
Price implies For today's price to make sense, revenue must grow about 18% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is +9 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 19.0 points above its cost of capital (9.1% WACC).
Credit Cintas has 4 bonds outstanding ($2.44B), rated A- by the agencies and trading like A+ at a weighted spread of 53 bp.
Short interest Short interest is 2.8% of the free float (15 Oct 2026).
Next results Next results expected around 17 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $11.6B | $11.3B | $10.3B | $9.60B | $8.82B |
| Revenue growth | — | +9% | +8% | +9% | — |
| Gross profit | $5.70B | $5.51B | $4.98B | $4.51B | $4.17B |
| EBITDA | $3.24B | $3.13B | $2.85B | $2.53B | $2.21B |
| Net income | $2.05B | $1.99B | $1.81B | $1.57B | $1.34B |
| Free cash flow | $2.03B | $1.87B | $1.76B | $1.66B | $1.27B |
| Capital expenditure | $401M | $395M | $409M | $409M | $331M |
| Total debt | $2.71B | $2.71B | $2.65B | $2.67B | $2.67B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Cintas CTAS | $88.3B | +34% | +10% | 24% | 38.9× | 18.2% |
| UniFirst UNF | $4.10B | -7% | +4% | 5% | 27.9× | 18.9% |
| Vestis VSTS | $1.88B | +54% | 0% | 4% | 20.0× | 15.8% |
| Aramark ARMK | $13.9B | +17% | +11% | 4% | 19.8× | 16.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CTAS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.6% | +12.3% | 4th highest of 7 |
| 6-month return | +33.5% | +15.7% | highest of 6 |
| Distance from 52-week high | -4.8% | -13.3% | 2nd highest of 7 |
| Revenue growth (TTM) | +9.5% | +4.9% | 2nd highest of 7 |
| Operating margin | 23.6% | 20.8% | 4th highest of 7 |
| Forward P/E | 38.9× | 22.5× | most expensive of 7 |
| Growth the price implies (Req g, 7 yrs) | 18.2% | 10.8% | 3rd most demanding of 7 |
| Growth delivered (Del g) | +9.6% | +5.3% | 2nd highest of 7 |
| Hurdle (Req g minus delivered) | +8.6 pp | +2.2 pp | 3rd most demanding of 7 |
| ROIC minus cost of capital | +19.0 pp | +10.0 pp | highest of 6 |
| EV / EBITDA | 28.0× | 14.0× | most expensive of 7 |
| Net debt / EBITDA | 0.8× | 1.9× | 3rd least indebted of 7 |
| Bond spread | 53 bp | 96 bp | tightest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Cintas CTAS | United States | $88.3B | +34% | +10% | 24% | 38.9× | 18.2% | +9.6% |
| Relx REL.L | United Kingdom | $70.4B | +23% | +2% | 32% | 21.3× | 1.8% | +6.2% |
| Vylor VYLR | United States | $46.8B | n/a | +3% | 15% | 25.6× | 26.2% | +2.9% |
| Experian EXPN.L | United Kingdom | $36.1B | +16% | +7% | 25% | 20.5× | 14.6% | +8.9% |
| Universal Music UMG.AS | Netherlands | $35.3B | -15% | +5% | 16% | 16.9× | 7.1% | +11.0% |
| Adyen ADYEN.AS | Netherlands | $32.0B | 0% | +17% | 42% | 23.7× | 18.9% | -6.0% |
| Sgs SGSN.SW | Switzerland | $24.8B | +21% | +5% | 15% | 24.5× | 3.1% | +4.4% |
Cintas has 4 bonds outstanding with $2.44B face value. The agencies rate it A-; its bonds trade like A+. Weighted yield 5.13%, a spread of 53 bp over government bonds.