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Cintas
(NASDAQ:CTAS)
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Rating:80Outperform
Price Target:
$203.00
â–²(13.30% Upside)
Action:Reiterated
Date:03/26/26
The score is driven primarily by strong financial performance (growth, profitability, cash generation, and improved leverage) and a constructive earnings call with raised guidance. Offsetting factors are weak technical momentum (despite oversold readings) and a premium valuation with a modest dividend yield.
Positive Factors
Recurring route-based service model
Cintas’s core business is built on recurring route-based contracts that create predictable, high-retention revenue streams. Route density lowers delivery costs and raises switching costs, while bundled services (uniforms, facility, safety, fire) enable durable cross-sell and long-term customer relationships that support steady revenue over years.
Negative Factors
UniFirst acquisition execution and financing risk
The UniFirst deal is a large structural step that can reshape the business but brings execution, financing and approval risk. Bridge financing and integration raise near-term complexity and may increase leverage and distract management; successful realization of stated synergies and accretion depends on effective integration over years.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring route-based service model
Cintas’s core business is built on recurring route-based contracts that create predictable, high-retention revenue streams. Route density lowers delivery costs and raises switching costs, while bundled services (uniforms, facility, safety, fire) enable durable cross-sell and long-term customer relationships that support steady revenue over years.
Read all positive factors
Cintas Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down sales figures for each business unit, showing which areas contribute most to total revenue and indicating potential growth drivers or areas needing improvement.
Breaks down sales figures for each business unit, showing which areas contribute most to total revenue and indicating potential growth drivers or areas needing improvement.
Data provided by:
The Fly
The FlyCintas (CTAS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$72.56B
Dividend Yield0.88%
Average Volume (3M)2.26M
Price to Earnings (P/E)37.1
Beta (1Y)0.76
Revenue Growth8.71%
EPS Growth9.55%
CountryUS
Employees46,500
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)4.81
Shares Outstanding400,087,130
10 Day Avg. Volume2,531,003
30 Day Avg. Volume2,260,101
Financial Highlights & Ratios
PEG Ratio3.09
Price to Book (P/B)19.51
Price to Sales (P/S)8.84
P/FCF Ratio52.02
Enterprise Value/Market Cap0.97
Enterprise Value/Revenue6.40
Enterprise Value/Gross Profit12.72
Enterprise Value/Ebitda23.23
Forecast
1Y Price Target
$220.25Price Target Upside22.93% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)5.44
Revenue Forecast (FY)$12.07B
Cintas Business Overview & Revenue Model
Company Description
Cintas Corporation specializes in supplying professional uniforms and a range of essential business services primarily across the United States, Canada, and Latin America. The company's operations are divided into three main divisions: Uniform Ren...
How the Company Makes Money
Cintas makes money primarily through recurring service contracts that bundle products with ongoing delivery, maintenance, and compliance-related services. Its largest revenue stream is its Uniform Rental and Facility Services business, where custo...
Cintas Earnings Call Summary
Earnings Call Date:Mar 25, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jul 15, 2026
Earnings Call Sentiment Positive
The call presented a largely positive operating and financial performance: record revenue, strong organic growth, all-time high segment gross margins, raised full-year guidance, disciplined capital returns, and a strategically framed UniFirst acquisition. Headwinds and risks include fuel cost volatility, transaction-related one-time costs and approvals, ERP implementation timing in the Fire segment (potential margin headwind), and comparability effects from prior-year one-time items. On balance, the positives (revenue, margin expansion, guidance raise, capital discipline and strategic M&A) outweigh the highlighted risks.Positive Updates
Record Revenue and Strong Organic Growth
Total revenue of $2.84 billion, up 8.9% year-over-year; organic growth of 8.2% (adjusted for acquisitions and FX).
Negative Updates
Energy and Fuel Cost Risk
Energy costs were 1.7% of revenue for the quarter (flat YoY, +10 bps sequentially); management noted that a sustained 30% increase in fuel would add ~30 basis points of cost, and fuel volatility is contemplated in guidance but remains a risk.
Read all updates
Q3-2026 Updates
Positive
Negative
Record Revenue and Strong Organic Growth
Total revenue of $2.84 billion, up 8.9% year-over-year; organic growth of 8.2% (adjusted for acquisitions and FX).
Read all positive updates
Company Guidance
Cintas raised its fiscal 2026 guidance to revenue of $11.21 billion–$11.24 billion (growth of 8.4%–8.7%) and adjusted diluted EPS of $4.86–$4.90 (growth of 10.5%–11.4%); the adjusted EPS range excludes estimated nonrecurring UniFirst transaction costs (expected to reduce FY26 diluted EPS by roughly $0.03–$0.04), and those transaction costs will be reported as a separate line beginning in Q4. Additional guidance assumptions: fiscal 2026 net interest expense of approximately $101 million, an effective tax rate of 20%, constant foreign exchange, no assumed future acquisitions, the same number of workdays by quarter as FY2025, and no inclusion of future share buybacks or major economic disruptions; at closing leverage is expected to be about 1.5x debt‑to‑EBITDA.Cintas Financial Statement Overview
Summary
Income Statement
90
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
89
Very Positive
| Breakdown | TTM | May 2025 | May 2024 | May 2023 | May 2022 | May 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.03B | 10.34B | 9.60B | 8.82B | 7.85B | 7.12B |
| Gross Profit | 5.55B | 5.17B | 4.69B | 4.17B | 3.63B | 3.31B |
| EBITDA | 3.04B | 2.86B | 2.52B | 2.22B | 1.99B | 1.77B |
| Net Income | 1.94B | 1.81B | 1.57B | 1.35B | 1.24B | 1.11B |
Balance Sheet | ||||||
| Total Assets | 10.23B | 9.83B | 9.48B | 8.83B | 8.43B | 8.56B |
| Cash, Cash Equivalents and Short-Term Investments | 183.20M | 263.97M | 342.01M | 124.15M | 90.47M | 493.64M |
| Total Debt | 2.92B | 2.65B | 2.67B | 2.67B | 2.97B | 2.72B |
| Total Liabilities | 5.45B | 5.14B | 5.16B | 4.96B | 5.12B | 4.87B |
| Stockholders Equity | 4.79B | 4.68B | 4.32B | 3.86B | 3.31B | 3.69B |
Cash Flow | ||||||
| Free Cash Flow | 1.79B | 1.76B | 1.67B | 1.27B | 1.30B | 1.22B |
| Operating Cash Flow | 2.20B | 2.17B | 2.08B | 1.60B | 1.54B | 1.36B |
| Investing Cash Flow | -559.42M | -623.64M | -608.63M | -388.67M | -402.63M | -137.22M |
| Financing Cash Flow | -1.71B | -1.62B | -1.25B | -1.17B | -1.54B | -879.87M |
Cintas Technical Analysis
Positive
179.17
Price Trends
172.39
Positive
179.26
Negative
184.37
Negative
Market Momentum
0.47
Negative
56.33
Neutral
81.16
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CTAS, the sentiment is Positive. The current price of 179.17 is above the 20-day moving average (MA) of 174.35, above the 50-day MA of 172.39, and below the 200-day MA of 184.37, indicating a neutral trend. The MACD of 0.47 indicates Negative momentum. The RSI at 56.33 is Neutral, neither overbought nor oversold. The STOCH value of 81.16 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CTAS.
Cintas Risk Analysis
Cintas disclosed 18 risk factors in its most recent earnings report. Cintas reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Cintas Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $72.56B | 37.06 | 41.47% | 0.88% | 8.71% | 9.55% | |
70 Outperform | $79.75B | 38.00 | 21.70% | 1.01% | 4.90% | 0.42% | |
67 Neutral | $2.59B | 17.01 | 8.94% | 2.20% | 6.53% | 107.41% | |
67 Neutral | $4.75B | 40.84 | 6.24% | 0.71% | 1.41% | -22.01% | |
65 Neutral | $14.80B | 41.18 | 11.23% | 1.14% | 10.15% | 3.07% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $1.89B | -105.59 | -1.96% | 2.09% | -0.84% | 29.88% |
* Industrials Sector Average
CTAS
Cintas
178.24
-37.25
-17.29%
ABM
ABM Industries
44.40
-2.57
-5.47%
ECL
Ecolab
283.72
14.81
5.51%
UNF
UniFirst
270.36
101.82
60.41%
ARMK
ARAMARK Holdings
56.00
14.03
33.44%
VSTS
Vestis Corporation
13.59
7.72
131.52%
Cintas Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Cintas Announces UniFirst Acquisition and Strong Quarterly Growth
Positive
Mar 11, 2026
On March 10, 2026, Cintas agreed to acquire rival UniFirst in a cash-and-stock deal valuing UniFirst at about $5.5 billion, with shareholders receiving $155 in cash and 0.7720 Cintas shares per UniFirst share. The transaction, unanimously approved...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.