Cintas Corporation (CTAS) Key Metrics
CTAS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $84.85B
- Enterprise value
- $79.16B
- P/E (TTM)
- 42.1 10-yr median 34.1
- Forward P/E
- 36.2
- PEG ratio
- 3.14
- Price / sales
- 7.3 10-yr median 5.4
- Price / book
- 15.4 10-yr median 11.5
- EV / EBITDA
- 26.1 10-yr median 22.6
- Dividend yield
- 0.97% $2.08 a year
- Beta
- 0.92
CTAS key metrics, FY2017–FY2026
Fiscal year ended May 31, 2026 · U.S. dollarsCTAS valuation Price multiples at each fiscal year-end price.
CTAS returns How much profit the business earns on the capital it uses.
CTAS per-share figures Results divided by the shares outstanding at year-end.
CTAS financial health Debt, liquidity and how easily interest is covered.
CTAS efficiency & capital use Working capital cycle and where the cash goes.
CTAS valuation history
CTAS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CTAS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CTAS cash returned to shareholders
CTAS price vs earnings per share
CTAS key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $69.57B | $92.93B | $70.08B | $48.81B | $42.03B | $38.08B | $26.53B | $24.29B | $20.01B | $13.57B |
| Enterprise value | $71.98B | $95.32B | $72.41B | $51.35B | $44.91B | $40.30B | $29.09B | $27.04B | $22.41B | $16.51B |
| P/E ratio | 34.8 | 51.3 | 44.6 | 36.2 | 34.0 | 34.3 | 30.3 | 27.4 | 23.8 | 28.2 |
| Price / sales | 6.2 | 9.0 | 7.3 | 5.5 | 5.4 | 5.4 | 3.7 | 3.5 | 3.1 | 2.5 |
| Price / book | 13.5 | 19.8 | 16.2 | 12.6 | 12.7 | 10.3 | 8.2 | 8.1 | 6.6 | 5.9 |
| Price / free cash flow | 37.0 | 52.9 | 42.0 | 38.5 | 32.4 | 31.3 | 25.0 | 30.7 | 28.9 | 27.7 |
| Price / operating cash flow | 30.6 | 42.9 | 33.7 | 30.5 | 27.3 | 28.0 | 20.5 | 22.7 | 20.8 | 17.8 |
| EV / sales | 6.4 | 9.2 | 7.5 | 5.8 | 5.7 | 5.7 | 4.1 | 3.9 | 3.5 | 3.1 |
| EV / EBITDA | 23.0 | 33.3 | 28.7 | 23.1 | 22.6 | 22.7 | 18.9 | 17.3 | 18.2 | 17.0 |
| EV / free cash flow | 38.3 | 54.3 | 43.3 | 40.5 | 34.6 | 33.1 | 27.4 | 34.2 | 32.4 | 33.7 |
| Earnings yield | 2.9% | 2.0% | 2.2% | 2.8% | 2.9% | 2.9% | 3.3% | 3.6% | 4.2% | 3.5% |
| Free cash flow yield | 2.7% | 1.9% | 2.4% | 2.6% | 3.1% | 3.2% | 4.0% | 3.3% | 3.5% | 3.6% |
| Dividend yield | 1.0% | 0.7% | 0.8% | 0.9% | 0.9% | 1.2% | 1.0% | 0.9% | 0.9% | 1.0% |
| Shareholder yield (dividends + buybacks) | 2.4% | 1.7% | 1.8% | 1.7% | 4.5% | 2.6% | 2.8% | 5.1% | 1.5% | 1.2% |
| Share price at fiscal year-end | $171.26 | $226.50 | $169.49 | $118.03 | $99.58 | $88.39 | $61.99 | $55.46 | $45.56 | $31.47 |
| Per share | ||||||||||
| Revenue per share | $27.73 | $25.20 | $23.21 | $21.32 | $18.61 | $16.52 | $16.55 | $15.74 | $14.75 | $12.35 |
| Earnings per share | $4.92 | $4.42 | $3.80 | $3.26 | $2.93 | $2.58 | $2.05 | $2.02 | $1.92 | $1.11 |
| Operating cash flow per share | $5.60 | $5.28 | $5.03 | $3.86 | $3.64 | $3.16 | $3.02 | $2.44 | $2.20 | $1.77 |
| Free cash flow per share | $4.63 | $4.28 | $4.04 | $3.06 | $3.07 | $2.83 | $2.48 | $1.81 | $1.58 | $1.14 |
| Cash per share | $0.71 | $0.64 | $0.83 | $0.30 | $0.21 | $1.15 | $0.34 | $0.22 | $0.32 | $0.44 |
| Book value per share | $12.65 | $11.42 | $10.44 | $9.34 | $7.84 | $8.56 | $7.56 | $6.86 | $6.87 | $5.34 |
| Tangible book value per share | $3.22 | $2.37 | $1.50 | $0.80 | −$0.56 | $0.66 | −$0.28 | −$0.84 | −$0.86 | −$2.55 |
| Dividends per share | $1.73 | $1.49 | $1.28 | $1.09 | $0.89 | $1.05 | $0.63 | $0.50 | $0.40 | $0.33 |
| Capex per share | $0.97 | $1.00 | $0.99 | $0.80 | $0.57 | $0.33 | $0.54 | $0.63 | $0.62 | $0.63 |
| Debt per share | $6.66 | $6.47 | $6.45 | $6.45 | $7.03 | $6.31 | $6.32 | $6.51 | $5.77 | $7.27 |
| Shares outstanding | 406.2M | 410.3M | 413.5M | 413.5M | 422.1M | 430.8M | 428.0M | 438.0M | 439.2M | 431.1M |
| Change in shares outstanding | −1.0% | −0.8% | −0.0% | −2.0% | −2.0% | +0.6% | −2.3% | −0.3% | +1.9% | −2.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 40.7% | 40.3% | 38.4% | 37.6% | 35.3% | 32.1% | 28.1% | 29.4% | 31.7% | 23.2% |
| Return on invested capital (ROIC) | 28.4% | 27.5% | 25.2% | 22.8% | 21.6% | 20.4% | 16.7% | 16.3% | 16.6% | 12.6% |
| Return on assets (ROA) | 19.7% | 18.8% | 17.2% | 15.6% | 14.6% | 13.4% | 11.2% | 12.1% | 12.0% | 8.5% |
| Return on tangible assets | 29.9% | 29.6% | 27.2% | 25.5% | 25.3% | 21.6% | 18.9% | 20.8% | 23.6% | 13.2% |
| Free cash flow margin | 16.7% | 17.0% | 17.4% | 14.4% | 16.5% | 17.1% | 15.0% | 11.5% | 10.7% | 9.2% |
| Income quality (OCF / net income) | 1.14 | 1.20 | 1.32 | 1.19 | 1.24 | 1.22 | 1.47 | 1.21 | 1.14 | 1.59 |
| Financial health | ||||||||||
| Total debt | $2.71B | $2.65B | $2.67B | $2.67B | $2.97B | $2.72B | $2.71B | $2.85B | $2.54B | $3.13B |
| Cash & short-term investments | $289.0M | $264.0M | $342.0M | $124.1M | $90.5M | $493.6M | $145.4M | $96.6M | $138.7M | $191.5M |
| Net debt | $2.42B | $2.39B | $2.33B | $2.54B | $2.88B | $2.22B | $2.56B | $2.75B | $2.40B | $2.94B |
| Debt / equity | 0.53 | 0.57 | 0.62 | 0.69 | 0.90 | 0.74 | 0.84 | 0.95 | 0.84 | 1.36 |
| Debt / assets | 0.26 | 0.27 | 0.28 | 0.30 | 0.35 | 0.32 | 0.34 | 0.37 | 0.36 | 0.45 |
| Net debt / EBITDA | 0.77 | 0.84 | 0.92 | 1.15 | 1.45 | 1.25 | 1.66 | 1.76 | 1.95 | 3.03 |
| Current ratio | 1.43 | 2.09 | 1.12 | 1.49 | 1.14 | 1.01 | 1.65 | 1.23 | 2.55 | 1.17 |
| Quick ratio | 1.27 | 1.82 | 0.90 | 1.08 | 0.81 | 0.76 | 1.19 | 0.93 | 1.28 | 0.92 |
| Interest coverage | 24.5 | 23.3 | 20.5 | 16.2 | 17.9 | 14.1 | 11.0 | 11.1 | 8.6 | 8.9 |
| Working capital | $1.17B | $1.79B | $221.9M | $604.0M | $198.7M | $19.7M | $577.9M | $254.8M | $1.20B | $187.9M |
| Invested capital | $7.56B | $7.07B | $6.64B | $6.41B | $6.19B | $5.91B | $5.80B | $5.76B | $5.41B | $5.24B |
| Tangible asset value | $1.31B | $974.4M | $619.6M | $330.2M | −$238.3M | $283.1M | −$120.0M | −$368.7M | −$376.1M | −$1.10B |
| Net current asset value | −$1.54B | −$1.70B | −$3.11B | −$3.13B | −$3.49B | −$2.91B | −$3.28B | −$3.25B | −$1.96B | −$3.42B |
| Graham number | $37.44 | $33.69 | $29.88 | $26.18 | $22.72 | $22.29 | $18.66 | $17.65 | $17.22 | $11.58 |
| Graham net-net per share | −$9.14 | −$8.75 | −$8.91 | −$9.00 | −$9.53 | −$7.98 | −$8.74 | −$8.40 | −$6.13 | −$8.87 |
| Capital allocation | ||||||||||
| Dividends paid | $701.5M | $611.6M | $530.9M | $449.9M | $375.1M | $451.3M | $268.0M | $220.8M | $175.6M | $142.4M |
| Share buybacks (net) | $952.1M | $934.8M | $700.0M | $398.9M | $1.53B | $554.1M | $464.5M | $1.02B | $127.3M | $20.7M |
| Dividend payout ratio | 35.1% | 33.7% | 33.8% | 33.4% | 30.4% | 40.6% | 30.6% | 24.9% | 20.8% | 29.6% |
| Dividends + buybacks / free cash flow | 87.9% | 88.0% | 73.7% | 67.0% | 146.6% | 82.6% | 69.0% | 156.4% | 43.7% | 33.3% |
| Capex / revenue | 3.5% | 4.0% | 4.3% | 3.8% | 3.1% | 2.0% | 3.3% | 4.0% | 4.2% | 5.1% |
| Capex / operating cash flow | 17.4% | 18.9% | 19.7% | 20.7% | 15.7% | 10.5% | 17.8% | 25.9% | 28.2% | 35.8% |
| Capex / depreciation | 0.77 | 0.83 | 0.93 | 0.81 | 0.60 | 0.37 | 0.61 | 0.77 | 0.97 | 1.39 |
| Stock-based compensation / revenue | 1.1% | 1.2% | 1.2% | 1.2% | 1.4% | 1.6% | 1.6% | 2.0% | 1.7% | 1.7% |
| R&D / revenue | — | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.4% | — |
| SG&A / revenue | 27.4% | 27.2% | 27.3% | 26.9% | 26.0% | 27.1% | 29.2% | 28.7% | 29.6% | 28.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 48.2 | 47.0 | 45.6 | 45.1 | 45.4 | 46.0 | 46.1 | 46.1 | 45.2 | 45.5 |
| Days of inventory on hand | 29.3 | 30.3 | 34.1 | 38.5 | 41.2 | 42.8 | 35.2 | 63.9 | 64.5 | 32.7 |
| Days payables outstanding | 31.0 | 29.1 | 23.8 | 21.8 | 20.8 | 22.2 | 21.7 | 21.4 | 20.1 | 17.9 |
| Cash conversion cycle (days) | 46.4 | 48.2 | 55.8 | 61.9 | 65.7 | 66.6 | 59.6 | 88.6 | 89.6 | 60.4 |
| Receivables turnover | 7.58 | 7.77 | 8.01 | 8.08 | 8.05 | 7.93 | 7.93 | 7.91 | 8.07 | 8.01 |
| Payables turnover | 11.78 | 12.53 | 15.31 | 16.77 | 17.51 | 16.47 | 16.85 | 17.07 | 18.20 | 20.44 |
| Inventory turnover | 12.47 | 12.05 | 10.71 | 9.49 | 8.85 | 8.54 | 10.36 | 5.71 | 5.66 | 11.16 |
| Asset turnover | 1.11 | 1.07 | 1.05 | 1.02 | 0.92 | 0.86 | 0.91 | 0.94 | 0.93 | 0.94 |
| Average receivables | $1.49B | $1.33B | $1.20B | $1.09B | $976.0M | $897.2M | $894.0M | $870.9M | $802.3M | $664.3M |
| Average payables | $473.1M | $412.1M | $320.7M | $276.9M | $241.1M | $230.9M | $228.5M | $220.5M | $196.1M | $144.0M |
| Average inventory | $446.9M | $428.8M | $458.4M | $489.4M | $477.0M | $445.3M | $371.7M | $658.6M | $630.4M | $263.8M |
| Intangibles / total assets | 36.4% | 37.8% | 39.0% | 40.0% | 42.1% | 39.8% | 42.1% | 44.2% | 48.8% | 48.3% |
Computed from CTAS's annual financial statements (latest annual report filed July 29, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CTAS valuation and financial ratios
At the end of fiscal 2026 (May 31, 2026), Cintas traded at 34.8 times earnings, against a 10-year median of 34.1. Based on the latest twelve months, the trailing P/E is 42.1 and the forward P/E is 36.2. Cintas earned a return on equity of 40.7% and a return on invested capital of 28.4% in fiscal 2026. It ended the year with $2.7 billion of debt and $289.0 million in cash and short-term investments, net debt of $2.4 billion. It returned $1.7 billion to shareholders: $701.5 million in dividends and $952.1 million in share buybacks, 88% of free cash flow. The share count fell 5.8% from 431.1M to 406.2M over 9 years.
See the CTAS income statement, the CTAS chart for price history, or the CTAS stock overview for the latest quote and news.
CTAS key metrics FAQ
What is Cintas's P/E ratio?
Cintas's trailing P/E ratio is 42.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 36.2. At the end of fiscal 2026 it was 34.8, compared with a 10-year median of 34.1.
What is Cintas's EV/EBITDA?
Cintas's enterprise value was 23.0 times EBITDA at the end of fiscal 2026 (enterprise value $72.0 billion, EBITDA $3.1 billion); the current EV/EBITDA is 26.1.
What is Cintas's return on equity?
Cintas's return on equity (ROE) was 40.7% in fiscal 2026: net income of $2.0 billion on average shareholders' equity of $4.9 billion.
What is Cintas's ROIC?
Cintas's return on invested capital was 28.4% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Cintas have?
Cintas had total debt of $2.7 billion at the end of fiscal 2026, a debt-to-equity ratio of 0.53 and $2.4 billion of net debt (0.77 times EBITDA).
What is Cintas's dividend yield?
Cintas's forward dividend yield is 0.97%. Cintas paid $701.5 million in dividends in fiscal 2026 ($1.73 per share), a payout ratio of 35.1%.
Does Cintas buy back its shares?
Yes. Cintas spent $952.1 million on net share repurchases in fiscal 2026 Shares outstanding changed −1.0% over the year, to 406.2M..
What is Cintas's free cash flow yield?
Cintas generated $1.9 billion of free cash flow in fiscal 2026, a free cash flow yield of 2.7% on its market value at year-end ($69.6 billion).
What is Cintas's current ratio?
Cintas's current ratio was 1.43 at the end of fiscal 2026: current assets were 1.43 times current liabilities.