# Cintas Corp (CTAS) — Stock CV

Cintas Corp is a $80.4B consumer company. Revenue grew 9.5% over the last year, and it keeps 18¢ of every dollar of sales as profit. It trades at 40.2× earnings — around the middle of its own history.

> 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.

## Identity

- **Ticker**: CTAS
- **Sector**: Consumer Cyclical
- **Industry**: Men'S & Boys' Furnishgs, Work Clothg, & Allied Garments
- **Headquarters**: CINCINNATI, OH
- **Employees**: 48 100
- **Website**: https://www.cintas.com
- **Market cap**: $80.4B
- **Last price**: $202.41
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $11.6B
- **Net income**: $2.06B
- **Free cash flow**: $2.03B
- **P/E**: 40.2
- **Revenue growth (YoY)**: 9.5%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 34 |
| Growth | 52 |
| Profitability | 65 |
| Health | 37 |
| Quality | 97 |
| Moat | 88 |

## Qualifications (beginner checklist) — 9 of 10 passed

- [x] Revenue growing — +9.5% YoY
- [x] Profitable — $2.06B TTM
- [x] Profit growing — +14.7% YoY
- [x] Generates cash — $2.03B TTM
- [x] Debt under control — current ratio 1.43
- [x] Established company — $80.4B market cap
- [x] Proven track record — 11/11 profitable years
- [ ] Financially stable — health score 37/100
- [x] Pays a dividend — yield 0.87%
- [x] Valuation not extreme — P/E 40.2

## Experience (career milestones)

- **2026** — Cintas agreed to acquire UniFirst in a deal worth $5.5 billion
- **FY2026** — Best year on record: $2.00B net income
- **2025** — Cintas announced plans to acquire UniFirst Corporation after repeated rejections, first dating back…
- **FY2025** — Revenue crossed $10B: $10.3B for the year
- **2017** — Cintas made their largest acquisition with G&K Services for $2.2 billion
- **FY2016** — Profitable every year on record: 11 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $4.91B in first reported year
- **FY2016** — Positive free cash flow every year since: 11-year streak
- **2008** — Phillip Holloman became president and COO in 2008
- **2003** — Cintas acquired Kamp Fire Equipment, a distributor of fire safety products and services
- **1998** — Dick Farmer's son Scott Farmer, who has been employed at the company since 1981, became president and…
- **1997** — Cintas entered the First Aid & Safety business
- **1995** — Cintas expanded its uniform services into Canada with the acquisition of Cadet Uniform Service Ltd in 1995
- **1972** — The company changed its name to Cintas and then went public in 1983
- **1964** — The company became Acme Uniform and Towel Supply in 1964

## Strengths

- High gross margin (50.7%)
- Strong cash conversion — FCF is 17.6% of revenue
- Interest covered 26.0× by operating earnings
- Piotroski F-Score 8/9 — fundamentally strong checklist

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $7.85B | $1.24B | $1.30B |
| FY2023 | $8.82B | $1.35B | $1.27B |
| FY2024 | $9.60B | $1.57B | $1.67B |
| FY2025 | $10.3B | $1.81B | $1.76B |
| FY2026 | $11.3B | $2.00B | $1.88B |

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Source: https://stockcv.com/CTAS — derived from company filings; may be delayed or incomplete. Information, not investment advice.