as of 10-01-2026 3:46pm EST
Cintas has roots dating back to 1929, when the Farmer family cleaned and resold dirty rags to manufacturing plants in Ohio. The firm has expanded its business organically and through acquisitions, and today Cintas acts as a one-stop outsourcing partner for businesses. Cintas will design, manufacture, collect, and clean every employee uniform for a small weekly sum, taking on the upfront capital expense itself. At the same stop, Cintas can also replace soiled or depleted mats, mops, trash liners, towels, first aid supplies, fire extinguishers, and cleaning products. Businesses value an outsourcing partner like Cintas as it simplifies operations and leaves noncore tasks with high regulatory standards in the hands of professionals.
| Founded: | 1968 | Country: | United States |
| Employees: | N/A | City: | CINCINNATI |
| Market Cap: | 79.9B | IPO Year: | 1994 |
| Target Price: | $218.31 | AVG Volume (30 days): | 1.8M |
| Analyst Decision: | Buy | Number of Analysts: | 20 |
| Dividend Yield: | Dividend Payout Frequency: | quarterly | |
| EPS: | 4.91 | EPS Growth: | 11.59 |
| 52 Week Low/High: | $161.16 - $219.16 | Next Earning Date: | 09-23-2026 |
| Revenue: | $6,892,303,000 | Revenue Growth: | N/A |
| Revenue Growth (this year): | 8.71% | Revenue Growth (next year): | 7.53% |
| P/E Ratio: | 40.12 | Index: | |
| Free Cash Flow: | 1.9B | FCF Growth: | +19.47% |
Director
Avg Cost/Share
$199.90
Shares
4,363
Total Value
$872,163.70
Owned After
22,448
SEC Form 4
Director
Avg Cost/Share
$202.94
Shares
9,142
Total Value
$1,855,277.48
Owned After
26,592
SEC Form 4
| Insider | Ticker | Relationship | Date | Transaction | Avg Cost | Shares | Total Value | Owned After | SEC Forms |
|---|---|---|---|---|---|---|---|---|---|
| TYSOE RONALD W | CTAS | Director | Jul 22, 2026 | Sell | $199.90 | 4,363 | $872,163.70 | 22,448 | |
| Barstad Melanie W. | CTAS | Director | Jul 16, 2026 | Sell | $202.94 | 9,142 | $1,855,277.48 | 26,592 |
SEC 8-K filings with transcript text
Sep 23, 2026 · 100% conf.
1D
-1.27%
$189.92
Act: +7.45%
5D
-2.05%
$188.43
20D
-1.53%
$189.42
2 ex992026-8x31.htm
Document
Exhibit 99
September 23, 2026
Cintas Corporation Announces
Fiscal 2027 First Quarter Results
CINCINNATI, September 23, 2026 -- Cintas Corporation (Nasdaq: CTAS) today reported results for its fiscal 2027 first quarter ended August 31, 2026. Revenue for the first quarter of fiscal 2027 was $3.01 billion compared to $2.72 billion in last year’s first quarter, an increase of 10.9%. The organic revenue growth rate for the first quarter of fiscal 2027, which adjusts for the impacts of acquisitions, foreign currency exchange rate fluctuations and workday differences, was 8.9%.
Gross margin for the first quarter of fiscal 2027 was $1.55 billion compared to $1.37 billion in last year’s first quarter, an increase of 13.7%. Gross margin as a percent of revenue was 51.5% for the first quarter of fiscal 2027, compared to 50.3% in last year's first quarter, an increase of 120 basis points.
Operating income for the first quarter of fiscal 2027 increased 15.2% to $711.9 million compared to $617.9 million in last year's first quarter. Operating income as a percent of revenue was 23.6% in the first quarter of fiscal 2027 compared to 22.7% in last year's first quarter. Operating income in the first quarter of fiscal 2027 included $14.4 million of transaction expenses related to the proposed UniFirst Corporation (UniFirst) acquisition.
Net income was $551.7 million for the first quarter of fiscal 2027 compared to $491.1 million in last year's first quarter, an increase of 12.3%. The first quarter of fiscal 2027 effective tax rate was 20.0% compared to 17.6% in last year's first quarter. The tax rates in both quarters were impacted by certain discrete items, primarily the tax accounting impact for stock-based compensation. First quarter of fiscal 2027 diluted earnings per share (EPS) was $1.36 compared to $1.20 in last year's first quarter, an increase of 13.3%. Excluding the UniFirst non-recurring transaction expenses, which had a $0.03 impact on diluted EPS, adjusted diluted EPS was $1.39 for the first quarter, an increase of 15.8% over the prior year.
Reflecting our commitment to return capital to our shareholders, on September 15, 2026, Cintas paid an aggregate quarterly dividend of $208.8 million to shareholders. During the first quarter of fiscal 2027 and through September 22, 2026, Cintas purchased shares of Cintas common stock under our share buyback programs, for a total purchase price of $544.7 million.
Todd M. Schneider, Cintas’ Chief Executive Officer, stated “We are pleased with our start to fiscal 2027. Our employee-partners delivered another strong quarter, producing record revenue and record operating margin. Organic revenue growth of 8.9% and a record gross margin reflect the value we continue to provide our customers and the impact of our ongoing investments in technology, capacity and talent. These results demonstrate the strength of our business model and our ability to help customers operate their facilities in a clean, safe and professional manner."
Mr. Schneider continued, "We continue to engage with the U.S. Federal Trade Commission as it reviews our transaction with UniFirst. We remain excited about the substantial value we expect to create for shareholders and customers through the transaction, and we look forward to welcoming the UniFirst Team Partners to Cintas once the transaction is complete, which we expect to occur prior to the end of calendar 2026."
Mr. Schneider concluded, "As we look forward to what lies ahead for fiscal 2027, we are raising our full fiscal year financial guidance. We are raising our annual revenue expectations from a range of $12.10 billion to $12.25 billion to a range of $12.15 billion to $12.27 billion, and we are raising our adjusted diluted EPS expectations from a range of $5.36 to $5.50 to a range of $5.45 to $5.54. The adjusted diluted EPS guide does not include the impact of non-recurring transaction expenses related to the UniFirst acquisition."
Initial Guidance
Fiscal 2027
Updated Guidance
Fiscal 2027
(In millions)Fiscal 2026Low end of RangeGrowth vs. 2026High end of RangeGrowth vs. 2026Low end of RangeGrowth vs. 2026High end of RangeGrowth vs. 2026
Total revenue$11,264.8 $12,100.0 7.4%$12,250.0 8.7%$12,150.0 7.9%$12,270.0 8.9%
Workdays in the period260261261261261
Workday adjusted revenue growth$11,264.8 $12,053.6 7.0%$12,203.1 8.3%$12,103.4 7.4%$12,223.0 8.5%
Please note the following regarding the annual revenue guidance:
•Fiscal year 2027 has one more workday than fiscal year 2026.
•Guidance excludes expected impacts from the proposed UniFirst acquisition.
•Guidance does not assume any future acquisitions.
•Guidance assumes a constant foreign currency exchange rate.
Initial Guidance
Fiscal 2027
Updated Guidance
Fiscal 2027
Fiscal
Jul 15, 2026 · 100% conf.
1D
-1.27%
$189.92
Act: +7.45%
5D
-2.05%
$188.43
20D
-1.53%
$189.42
2 ex992026-5x31.htm
Document
Exhibit 99
July 15, 2026
Cintas Corporation Announces
Fiscal 2026 Fourth Quarter and Full Year Results
CINCINNATI, July 15, 2026 -- Cintas Corporation (Nasdaq: CTAS) today reported results for its fiscal 2026 fourth quarter ended May 31, 2026. Revenue for the fourth quarter of fiscal 2026 was $2.91 billion compared to $2.67 billion in last year’s fourth quarter, an increase of 8.9%. The organic revenue growth rate for the fourth quarter of fiscal 2026, which adjusts for the impacts of acquisitions and foreign currency exchange rate fluctuations, was 8.4%.
Gross margin for the fourth quarter of fiscal 2026 was $1.48 billion compared to $1.33 billion in last year’s fourth quarter, an increase of 11.6%. Gross margin as a percent of revenue was 51.0% for the fourth quarter of fiscal 2026, equal to the all-time high, compared to 49.7% in last year's fourth quarter, an increase of 130 basis points.
Operating income for the fourth quarter of fiscal 2026 increased 12.7% to $673.0 million compared to $597.5 million in last year's fourth quarter. Operating income as a percent of revenue was 23.2% in the fourth quarter of fiscal 2026 compared to 22.4% in last year's fourth quarter. Operating income in the fourth quarter of fiscal 2026 included $14.0 million of transaction expenses related to the UniFirst acquisition.
Net income increased to $511.0 million for the fourth quarter of fiscal 2026 compared to $448.3 million in last year's fourth quarter, an increase of 14.0%. The fourth quarter of fiscal 2026 effective tax rate was 21.2% compared to 22.1% in last year's fourth quarter. The tax rates in both quarters were impacted by certain discrete items, primarily the tax accounting impact for stock-based compensation. Fourth quarter of fiscal 2026 diluted earnings per share (EPS) was $1.26 compared to $1.09 in last year's fourth quarter, an increase of 15.6%. Excluding the UniFirst transaction expenses, which had a $0.03 impact on diluted EPS, adjusted diluted EPS was $1.29 for the fourth quarter, an increase of 18.3% over the prior year.
For the fiscal year ended May 31, 2026, revenue increased to $11.26 billion compared to $10.34 billion for fiscal 2025, an increase of 8.9%. The organic revenue growth rate for fiscal 2026 was 8.3%. Gross margin as a percent of revenue was 50.7% for fiscal 2026, an all-time high, compared to 50.0% for fiscal 2025. Operating income for fiscal 2026 increased to $2.61 billion compared to $2.36 billion for fiscal 2025, an increase of 10.5%. Operating income as a percent of revenue was 23.1% in fiscal 2026 compared to 22.8% in fiscal 2025. Operating income for the fiscal year ended May 31, 2026 included $15.1 million of transaction expenses related to the UniFirst acquisition. Diluted EPS for fiscal 2026 was $4.91 compared to $4.40 in fiscal 2025, an increase of 11.6%. Excluding the UniFirst transaction expenses, which had a $0.03 impact on diluted EPS, adjusted diluted EPS was $4.94 for the year, an increase of 12.3% over the prior year.
Cash flow from operating activities increased to $2.28 billion in fiscal 2026 compared to $2.17 billion in fiscal 2025. Cintas spent $395.1 million on capital expenditures in fiscal 2026, which is 3.5% of revenue. We acquired businesses for a total of $164.5 million in fiscal 2026. On June 15, 2026, Cintas paid an aggregate quarterly dividend of $180.7 million to shareholders. During fiscal 2026, Cintas returned $1.65 billion in capital to its shareholders in the form of share buybacks and dividends.
Todd M. Schneider, Cintas’ President and Chief Executive Officer, stated “These results conclude an outstanding year for Cintas. We delivered record revenues and operating margins. Our 8.3% organic revenue growth demonstrates our ability to deliver strong results in a dynamic macro environment. Our all-time high gross margin reflects the outstanding performance of our employee-partners and the clear impact of our investments in technology, capacity and talent. These results continue to showcase the strength and resilience of Cintas' value proposition."
Mr. Schneider continued, "On June 11, 2026, UniFirst shareholders voted to approve the acquisition, and we and UniFirst each received a request for additional information (the "second request") from the U.S. Federal Trade Commission. Both of these developments were expected. We are excited about the substantial value we expect to create for shareholders and customers through the UniFirst transaction, and we look forward to welcoming UniFirst
Team Partners to Cintas once the transaction is complete. We still expect the acquisition to close in the second half of calendar 2026."
Mr. Schneider concluded, "For fiscal 2027, revenue is expected to be in the range of $12.10 billion to $12.25 billion, and our adjusted diluted EPS is expected to be in the range of $5.36 to $5.50."
Fiscal 2027Fiscal 2027
(In millions)Fiscal 2026Low end of Rang
Mar 25, 2026
2 ex992026-2x28.htm
Document
Exhibit 99
March 25 2026
Cintas Corporation Announces
Fiscal 2026 Third Quarter Results
CINCINNATI, March 25 2026 -- Cintas Corporation (Nasdaq: CTAS) today reported results for its fiscal 2026 third quarter ended February 28, 2026. Revenue for the third quarter of fiscal 2026 was $2.84 billion compared to $2.61 billion in last year’s third quarter, an increase of 8.9%. The organic revenue growth rate for the third quarter of fiscal 2026, which adjusts for the impacts of acquisitions and foreign currency exchange rate fluctuations, was 8.2%.
Gross margin for the third quarter of fiscal 2026 was $1.45 billion compared to $1.32 billion in last year’s third quarter, an increase of 9.8%. Gross margin as a percent of revenue was 51.0% for the third quarter of fiscal 2026, an all-time high, compared to 50.6% in last year's third quarter, an increase of 40 basis points.
Operating income for the third quarter of fiscal 2026 increased 8.2% to $659.9 million compared to $609.9 million in last year's third quarter. Operating income as a percent of revenue was 23.2% in the third quarter of fiscal 2026 compared to 23.4% in last year's third quarter. Operating income for last year's third quarter benefited from a $15.0 million gain on the sale of property and equipment, which was recorded in selling and administrative expenses.
Net income was $502.5 million for the third quarter of fiscal 2026 compared to $463.5 million in last year's third quarter, an increase of 8.4%. The third quarter of fiscal 2026 effective tax rate was 20.6% compared to 21.0% in last year's third quarter. The tax rates in both quarters were impacted by certain discrete items, primarily the tax accounting impact for stock-based compensation. Third quarter of fiscal 2026 diluted earnings per share (EPS) was $1.24 compared to $1.13 in last year's third quarter, an increase of 9.7%.
On March 13, 2026, Cintas paid an aggregate quarterly dividend of $180.0 million to shareholders. During the first nine months of fiscal 2026, Cintas has returned $1.45 billion in capital to its shareholders in the form of share buybacks and dividends.
Todd M. Schneider, Cintas’ President and Chief Executive Officer, stated “We delivered another successful quarter with record revenues and strong operating margins. Our 8.2% organic growth and all-time high gross margins in each of our three route-based businesses reflect the outstanding performance of our employee-partners and the clear impact of our investments in technology, capacity and talent. These results continue to showcase the strength and resilience of Cintas' value proposition."
Mr. Schneider concluded, "On March 10, 2026, Cintas entered into an agreement to acquire UniFirst Corporation. We are excited about the substantial value we expect to create for shareholders and customers through the UniFirst transaction and we look forward to welcoming UniFirst Team Partners to Cintas once we complete the transaction. As we enter into the final quarter of fiscal 2026, we are raising our full fiscal year financial guidance. We are raising our annual revenue expectations to a range of $11.21 billion to $11.24 billion and raising our adjusted diluted EPS to a range of $4.86 to $4.90. The adjusted EPS guide does not include the impact of non-recurring transaction expenses related to the UniFirst acquisition. Our diversified customer base, proven track record of execution and world-class employee-partners position us exceptionally well for continued growth. We remain committed to our balanced capital allocation strategy and delivering value for our shareholders and our customers."
Please note the following regarding the annual revenue guidance:
•Both fiscal year 2026 and fiscal year 2025 have the same number of workdays for the year and by quarter.
•Guidance excludes expected impacts from the pending UniFirst acquisition.
•Guidance does not assume any future acquisitions.
•Guidance assumes a constant foreign currency exchange rate.
Please note the following regarding the adjusted diluted EPS guidance:
•Fiscal year 2026 interest, net is expected to be approximately $101.0 million compared to $95.5 million in fiscal year 2025, primarily as a result of refinancing senior notes at a higher interest rate in the fourth quarter of fiscal 2025, as well as higher variable rate interest expense from commercial paper as a result of buyback activity during fiscal 2026. Expected interest, net may change as a result of debt activity or issuance of commercial paper related to future share buybacks or acquisition activity.
•Fiscal year 2026 effective tax rate is expected to be 20.0%, which is the same as fiscal year 2025.
•Our adjusted diluted EPS guidance does not include the impact of future share buybacks or significant economic disruptions or downturn.
•Adjusted diluted EPS guidance excludes estimated non-recurring transaction costs related to the UniFi
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