Cintas Corporation specializes in supplying professional uniforms and a range of essential business services primarily across the United States, Canada, and Latin ...
Cintas Corporation, headquartered in Cincinnati, Ohio, is a Fortune 500 company that helps businesses get Ready for the Workday. Founded in 1929 as Acme Industrial Laundry, it has grown into a leader in specialized business services. The company operates through three main segments: Uniform Rental and Facility Services, First Aid ...Cintas Corporation, headquartered in Cincinnati, Ohio, is a Fortune 500 company that helps businesses get Ready for the Workday. Founded in 1929 as Acme Industrial Laundry, it has grown into a leader in specialized business services. The company operates through three main segments: Uniform Rental and Facility Services, First Aid and Safety Services, and an All Other segment. The first segment provides rental and maintenance of uniforms, flame-resistant apparel, floor mats, mops, and industrial towels, as well as restroom sanitation supplies and direct sales of new uniforms. The First Aid and Safety segment offers comprehensive first aid programs, safety training, and fire suppression products. Cintas serves a diverse clientele from small businesses to large corporations, utilizing an extensive distribution network and local delivery routes. As of the latest TTM, Cintas has a market cap of approximately $80.9 billion, with revenue per share of $28.15 and net income per share of $5.00. The company maintains a strong gross profit margin of 50.7% and an operating margin of 23.1%, reflecting efficient operations. Cintas employs around 48,300 employee-partners across its locations. Under CEO Todd Schneider, the company continues to innovate, introducing products like the Safety Director and expanding through acquisitions such as Kamp Fire and Smartshred. With a focus on resourcefulness and innovation, Cintas aims to deliver exceptional service while maintaining financial stability, evidenced by a debt-to-equity ratio of 0.526 and an interest coverage ratio of 24.5. The company is committed to sustainability and community support, and its long-term growth is supported by a robust cash flow generation, with free cash flow per share of $4.70.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$11.3B
+8.9%
+2.2%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$2.0B
+10.4%
+1.7%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+50.5%
+1.0%
-0.0%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+23.1%
+1.4%
-0.2%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+17.8%
+1.3%
-0.5%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$1.9B
+7.1%
+15.6%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+16.7%
-1.7%
+13.0%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
52.6%
-7.1%
-13.6%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.43x
-31.4%
-27.7%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good day, everyone. Welcome to the Cintas Corporation announces fiscal 26 fourth quarter and full year results conference call. Today's call is being recorded. At this time, I would like to turn the call over to Mr. Jared S. Mattingley, vice president, treasurer, investor relations. Please go ahead, sir.
Jared S. Mattingley: Thank you, Ross, and thank you for joining us. With me are Todd Schneider, President and Chief Executive Officer Jim Rozakis, Executive Vice President and Chief Operating Officer and Scott A. Garula, Executive Vice President and Chief Financial Officer. We will discuss our fiscal 26 fourth quarter results After our commentary, we will open the call to questions from analysts. The Private Securities Litigation Reform Act of 2000 provides a safe harbor from civil litigation for forward looking statements. This conference call contains forward looking statements that reflect the company's current views as to future events and financial performance. These forward looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those we may discuss. I refer you to the discussion on these points contained in our most recent filings with the Securities and Exchange Commission. I will now turn the call over to Todd.
Todd Schneider: Thank you, Jared, and thank you all for joining us. On today's call, I will start with an overview of our fourth quarter and full year performance, and thoughts on the year ahead. Jim will provide further detail on segment performance and Scott will walk through additional financial details and assumptions for our fiscal 27 outlook. We are very pleased with our fourth quarter results to close out fiscal 26. We delivered robust top line growth, and strong profitability. Underscoring the strength of our value proposition across each of our businesses. In the fourth quarter, total revenue increased 8.9% to $2.91 billion Our organic revenue growth rate which adjusts for the impacts of acquisitions, in foreign currency exchange rate fluctuations, was 8.4%. We continue to execute at a high level across each of our business segments. Turning to profitability, gross margin for the fourth quarter was 51%, the same as the third quarter. Which was an all time high and up approximately 130 basis points from the prior year. Operating income as a percent of revenue was 23.2% and grew to $673 million an increase of 12.7% over the prior year. Adjusting for UniFirst related transaction expenses, adjusted operating income as a percent of revenue was 23.6% representing a year over year increase of roughly 120 basis points. Diluted earnings per share of 1.26 grew 15.6% over the prior year. Adjusted diluted earnings per share for the quarter were 1.29 an increase of 18.3% compared to $1.09 in last year's fourth quarter. These results conclude an outstanding fiscal year for Cintas. For the full year 2026, revenue was approximately $11.26 billion an 8.9% increase …