Cintas Corp (CTAS)
Industrials · Diversified Support Services · US stock · S&P 500 component
$224.04
▲ +3.89 (1.77%)
Fair valueFair
$193 −13.7% to fair value
$97fair band $165–$234$290
Day's range
$221.31 – $225.43
52-week range
$161.16 – $225.43
About Cintas Corp
Cintas provides uniform rental and corporate identity programs, along with facility services such as floor mats, restroom supplies, first aid and safety products, and fire protection. It serves businesses of many sizes through route-based delivery. The company earns money from recurring rental and service contracts, which give it a stable base of income, and from selling some products directly. Employment levels among customers influence demand.
The company reported twelve-month revenue of $11.6 billion, which expanded at 8.5% a year across the last three years. It earned an operating margin of 23.4%, and it generated a return on invested capital of 28%. Leverage, measured as net debt to EBITDA, is 0.8 times. The dividend yield is 0.8%. The site's X-Ray Score is 57 out of 100.
Price chart
52-wk range $161.16 – $225.43Volume 2,263,095Daily, split-adjusted
Vitals
Market cap$90.6B
52-week range$161.16 – $225.43
Volume (last day)2,263,095
P/E (TTM)44.1
EBIT / EV yield2.9%
Free-cash-flow yield2.2%
Dividend yield0.8%
Revenue (TTM)$11.6B
Net income (TTM)$2.1B
Operating margin23.4%
Return on capital27.9%
Debt incl. leases$2.7B
Cash & securities$244M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$193middle half of models $167 – $225
Fair
−13.7% to fair value
Average of the 15 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $224
Undervalued < $165Fair $165 – $234Overvalued > $234
P/E multiple
$224
P/B multiple
$220
P/S multiple
$213
EV/EBITDA multiple
$211
EV/EBIT multiple
$211
EV/revenue multiple
$214
10-year DCF, EBITDA exit
$228
5-year DCF, EBITDA exit
$239
10-year DCF, revenue exit
$226
5-year DCF, revenue exit
$237
10-year DCF, growth exit
$112
5-year DCF, growth exit
$104
Dividend discount, stable
$123
Dividend discount, multi-stage
$225
Earnings power value
$113
Growth the price implies
21.7%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Strong business at a fair price
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
19/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield2.9%
Free-cash-flow yield2.2%
Fair value vs price0.9×
Growth
Strong
70/100
Growing faster than most of its sector.
See the numbers →
Revenue growth (3y)8.5%
EPS growth (3y)14.7%
Growth consistency100%
Profitability
Strong
76/100
Earns high returns on the capital it uses.
See the numbers →
Return on invested capital27.9%
Operating margin23.4%
Gross profitability55.3%
Financial health
Strong
77/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score8 / 9
Net debt / EBITDA0.8×
Interest cover25.3×
Dividends
Weak
44/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield0.8%
Dividends vs free cash flow37%
Dividend growth16.0%
Quarterly results: last 6 quarters
+8.0%
May '25
+8.7%
Aug '25
+9.3%
Nov '25
+8.9%
Feb '26
+8.9%
May '26
+10.9%
Aug '26
Revenue against the same quarter a year earlier. Latest quarter revenue $3.0B, diluted EPS $1.36.
Compare with peers
LDOS Leidos Holdings, Inc.67 CPRT Copart Inc65Other Diversified Support Services companies by X-Ray Score.
SWOT analysis: Cintas Corp
Strengthsinside the company
- Return on invested capital is 27.9%, against a median of 14.9% for sector peers.
- Operating margin of 23.4% is well above the 17.5% median of sector peers, a sign of pricing power or lower costs.
- Earnings per share have compounded at 14.7% a year over three years.
- Operating profit covers interest 25x, so debt costs are a small drag.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- Trades at 44.0x earnings, 54% above the 28.5x median of sector peers, so the price already assumes better results.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare CTAS with peers and sector
Medians of 80 Industrials peers and of 80 Industrials stocks in our universe.
Largest peers (X-Ray Score): CAT 43, GE 49, RTX 51, GEV 50, UNP 45, DE 43.
| Metric | CTAS | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 57 | 50 | 50 |
| Valuation | 19 | 48 | 48 |
| Growth | 70 | 50 | 50 |
| Profitability | 76 | 50 | 50 |
| Financial health | 76 | 49 | 49 |
| Dividends | 44 | 53 | 53 |
Sector leaders: highest X-Ray Score in Industrials
CTAS ranks #21 of 81 in Industrials by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for CTAS
Each factor is rated by where CTAS stands among the 81 Industrials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 12 Good · 5 Average · 6 Bad of 23
Growth: 3 · 0 · 0
Profitability: 5 · 0 · 0
Financial strength: 2 · 2 · 0
Valuation: 0 · 0 · 5
Cash flow: 1 · 2 · 1
Efficiency: 1 · 1 · 0
| Factor | CTAS | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +8.5% | Good beats 69% | +5.6% | – | – |
| Revenue growth, last year | +8.9% | Good beats 78% | +4.5% | +8.9% | ≈ In line |
| EPS growth, 3 years a year | +14.7% | Good beats 72% | +5.7% | – | – |
| Profitability | |||||
| Gross margin | 51.0% | Good beats 82% | 38.0% | 48.8% | ≈ In line |
| Operating margin | 23.4% | Good beats 80% | 17.5% | 21.6% | ≈ In line |
| Net margin | 17.8% | Good beats 78% | 12.8% | 16.4% | ≈ In line |
| Return on invested capital | 27.9% | Good beats 80% | 14.9% | – | – |
| Return on equity | 39.6% | Good beats 81% | 23.7% | 37.4% | ≈ In line |
| Financial strength | |||||
| Net debt / EBITDA | 0.8x | Good beats 79% | 1.8x | 0.8x | ≈ In line |
| Interest cover | 25.3x | Average beats 52% | 21.4x | 20.5x | ▲ Better |
| Current ratio | 1.45 | Average beats 62% | 1.25 | 1.84 | ▼ Worse |
| Piotroski F-score | 8 / 9 | Good beats 86% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 44.0x | Bad beats 12% | 28.9x | 40.4x | ≈ In line |
| Price / book | 17.4x | Bad beats 10% | 6.2x | 14.9x | ▼ Worse |
| Price / sales | 7.8x | Bad beats 7% | 3.5x | 6.7x | ▼ Worse |
| EV / EBITDA | 28.9x | Bad beats 12% | 18.5x | 25.9x | ▼ Worse |
| Free cash flow yield | 2.2% | Bad beats 10% | 3.8% | 2.5% | ≈ In line |
| Cash flow | |||||
| Free cash flow margin | 17.6% | Good beats 70% | 13.8% | 16.7% | ≈ In line |
| Cash from operations / net income | 1.18 | Bad beats 25% | 1.39 | 1.20 | ≈ In line |
| Free cash flow growth, 3 years a year | +14.4% | Average beats 49% | +14.5% | – | – |
| Accruals (lower is better) | −3.5% | Average beats 56% | −3.2% | – | – |
| Efficiency | |||||
| Inventory turnover | 13.1x | Good beats 81% | 4.0x | 11.8x | ▲ Better |
| Days sales outstanding | 50 days | Average beats 65% | 57 days | 48 days | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 9 Good · ● 4 Average · ● 3 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldBad
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Average
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioAverage
Net debt / EBITDAGood
Interest coverAverage
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalGood
Operating marginGood
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 58/100.
Financials
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $7.9B | $8.8B | $9.6B | $10.3B | $11.3B |
| Operating income | $1.6B | $1.8B | $2.1B | $2.4B | $2.6B |
| Net income | $1.2B | $1.3B | $1.6B | $1.8B | $2.0B |
| Operating cash flow | $1.5B | $1.6B | $2.1B | $2.2B | $2.3B |
| Operating margin | 20.2% | 20.4% | 21.6% | 22.8% | 23.1% |
| Free cash flow | $1.3B | $1.3B | $1.7B | $1.8B | $1.9B |
| Diluted EPS | $11.65 | $3.25 | $3.79 | $4.40 | $4.91 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
12 bullish · 0 neutral · 4 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 212.3 | Bullish |
| EMA 10 | 213.3 | Bullish |
| SMA 20 | 204.7 | Bullish |
| EMA 20 | 208.1 | Bullish |
| SMA 50 | 202.2 | Bullish |
| EMA 50 | 202.5 | Bullish |
| SMA 100 | 194.8 | Bullish |
| EMA 100 | 197.1 | Bullish |
| SMA 200 | 188.8 | Bullish |
| EMA 200 | 193.3 | Bullish |
Oscillators (daily)
| RSI (14) | 78.42 | Bearish |
| MACD (12, 26) | 5.43 | Bullish |
| Momentum (12) | 14.33 | Bullish |
| Stochastic %K (14) | 95.84 | Bearish |
| Williams %R (14) | -4.16 | Bearish |
| CCI (20) | 167.0 | Bearish |
Pivot points (classic, last session)
S3 217.6 | S2 219.5 | S1 221.8 | Pivot 223.6 | R1 225.9 | R2 227.7 | R3 230.0 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.87 USD
Yield on today's price
0.83%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.5200 | |
| 0.4500 | |
| 0.4500 | |
| 0.4500 | |
| 0.4500 | |
| 0.3900 | |
| 0.3900 | |
| 0.3900 | |
| 1.5600 | |
| 1.3500 | |
| 1.3500 | |
| 1.3500 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold CTAS
| ETF | Share of the fund |
|---|---|
| KNG FT Cboe Vest S&P 500 Dividend Aristocr... | 1.54% |
| NOBL ProShares S&P 500 Dividend Aristocrats | 1.42% |
| RSPN Invesco S&P 500 Equal Weight Industria... | 1.34% |
| QQQE Direxion NASDAQ-100 Equal Weighted Ind... | 1.22% |
| SPLV Invesco S&P 500 Low Volatility | 1.05% |
| XLI Industrial Select Sector SPDR | 1.00% |
| FIDU Fidelity MSCI Industrials Index | 0.99% |
| VIS Vanguard Industrials | 0.87% |
The eight funds with the largest weight in CTAS among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
CTAS stock splits
CTAS has split its stock 5 times since 1991. The latest was a 4-for-1 split on 12 Sep 2024.
Full CTAS stock split history →CTAS SEC filings
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Other events
8-KSEC EDGAR
Results of operations
DEF 14ASEC EDGAR
Proxy statement
8-KSEC EDGAR
Director or officer change
8-KSEC EDGAR
Director or officer change
10-KSEC EDGAR
Annual report
8-KSEC EDGAR
Results of operations
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.