Cintas Corporation (CTAS) financial statements: income statement, balance sheet and cash flow

Cintas Corporation's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (May 31, 2026 · FY), Cintas Corporation reported revenue of $11.3B (+8.9% year on year) and net income of $2.0B (+10.4% year on year).

Income statement

Cintas Corporation income statement, fiscal years

Line item	May 31, 2026 · FY	May 31, 2025 · FY	May 31, 2024 · FY	May 31, 2023 · FY
Revenue	$11.3B	$10.3B	$9.6B	$8.8B
Cost of sales	$5.6B	$5.2B	$4.9B	$4.6B
Selling and administrative expenses	$3.1B	$2.8B	$2.6B	$2.4B
UniFirst Corporation transaction expenses	$15.1M	—	—	—
Operating income	$2.6B	$2.4B	$2.1B	$1.8B
Interest income	($5.1M)	($5.6M)	($5.7M)	($1.7M)
Interest expense	$106.3M	$101.1M	$100.7M	$111.2M
Income before income taxes	$2.5B	$2.3B	$2.0B	$1.7B
Income taxes	$505.4M	$451.9M	$402.0M	$345.1M
Net income	$2.0B	$1.8B	$1.6B	$1.3B
Basic earnings per share (in dollars per share)	$4.97	$4.48	$15.40	$13.21
Diluted earnings per share (in dollars per share)	$4.91	$4.40	$15.15	$12.99
Dividends declared and paid per share (in dollars per share)	$1.80	$1.56	$5.40	$4.60

Cintas Corporation income statement, quarters

Line item	Aug 31, 2026 · Q1	Feb 28, 2026 · Q3	Nov 30, 2025 · Q2	Aug 31, 2025 · Q1
Total revenue	$3.0B	$2.8B	$2.8B	$2.7B
Cost of revenue	$1.5B	$1.4B	$1.4B	$1.4B
Selling and administrative expenses	$827.2M	$788.6M	$756.8M	$748.7M
UniFirst Corporation transaction expenses	$14.4M	—	—	—
Operating income	$711.9M	$659.9M	$655.7M	$617.9M
Interest income	($2.6M)	($805.0K)	($866.0K)	($2.2M)
Interest expense	$24.7M	$28.2M	$28.1M	$24.2M
Income before income taxes	$689.8M	$632.5M	$628.5M	$595.9M
Income taxes	$138.1M	$130.0M	$133.2M	$104.8M
Net income	$551.7M	$502.5M	$495.3M	$491.1M
Basic earnings per share (in dollars per share)	$1.37	$1.25	$1.23	$1.21
Diluted earnings per share (in dollars per share)	$1.36	$1.24	$1.21	$1.20
Dividends declared per share (in dollars per share)	$0.52	$0.45	$0.45	$0.45

Balance sheet

Cintas Corporation balance sheet, fiscal years

Line item	May 31, 2026 · FY	May 31, 2025 · FY	May 31, 2024 · FY	May 31, 2023 · FY
Cash and cash equivalents	$289.0M	$264.0M	$342.0M	$124.1M
Accounts receivable, principally trade, less allowance of $31,648 and $26,357, respectively	$1.6B	$1.4B	$1.2B	$1.2B
Inventories, net	$446.4M	$447.4M	$410.2M	$506.6M
Uniforms and other rental items in service	$1.3B	$1.1B	$1.0B	$1.0B
Prepaid expenses and other current assets	$286.2M	$170.0M	$148.7M	$142.8M
Total current assets	$3.9B	$3.4B	$3.2B	$2.9B
Property and equipment, net	$1.7B	$1.7B	$1.5B	$1.4B
Investments	$438.7M	$339.5M	$302.2M	$247.2M
Goodwill	$3.5B	$3.4B	$3.2B	$3.1B
Service contracts, net	$287.9M	$309.8M	$321.9M	$346.6M
Operating lease right-of-use assets, net	$271.1M	$224.4M	$188.0M	$178.5M
Other assets, net	$393.8M	$462.6M	$425.0M	$383.0M
Total assets	$10.5B	$9.8B	$9.2B	$8.5B
Accounts payable	$461.2M	$485.1M	$339.2M	$302.3M
Accrued compensation and related liabilities	$237.0M	$229.5M	$214.1M	$239.1M
Accrued liabilities	$889.2M	$875.1M	$761.3M	$632.5M
Income taxes, current	$44.1M	$4.0M	$18.6M	$0
Operating lease liabilities, current	$56.5M	$50.7M	$45.7M	$43.7M
Debt due within one year	$999.0M	$0	$449.6M	$0
Total current liabilities	$2.7B	$1.6B	$1.8B	$1.2B
Debt due after one year	$1.4B	$2.4B	$2.0B	$2.5B
Deferred income taxes	$537.9M	$471.7M	$475.5M	$498.4M
Operating lease liabilities	$221.4M	$178.7M	$146.8M	$138.3M
Accrued liabilities	$513.9M	$420.8M	$375.7M	$329.3M
Total long-term liabilities	$2.7B	$3.5B	$3.0B	$3.5B
Preferred stock, no par value: 100 shares authorized, none outstanding	0	0	0	0
Common stock, no par value, and paid-in capital: 1,700,000 shares authorized 2026: 779,537 shares issued and 400,147 shares outstanding 2025: 776,936 shares issued and 402,948 shares outstanding	2.9B	2.6B	2.3B	2.0B
Retained earnings	$13.1B	$11.8B	$10.6B	$9.6B
Treasury stock: 2026: 379,390 shares 2025: 373,988 shares	-10.9B	-9.8B	-8.7B	-7.8B
Accumulated other comprehensive income	$84.5M	$84.4M	$91.2M	$77.8M
Total shareholders' equity	$5.1B	$4.7B	$4.3B	$3.9B
Total liabilities and shareholders' equity	$10.5B	$9.8B	$9.2B	$8.5B

Cintas Corporation balance sheet, quarters

Line item	Aug 31, 2026	Feb 28, 2026	Nov 30, 2025	Aug 31, 2025
Cash and cash equivalents	$243.6M	$183.2M	$200.8M	$138.1M
Accounts receivable, net	$1.6B	$1.5B	$1.5B	$1.4B
Inventories, net	$433.3M	$450.5M	$447.6M	$449.7M
Uniforms and other rental items in service	$1.3B	$1.2B	$1.2B	$1.2B
Prepaid expenses and other current assets	$357.3M	$185.6M	$193.8M	$194.7M
Total current assets	$3.9B	$3.6B	$3.5B	$3.4B
Property and equipment, net	$1.8B	$1.7B	$1.7B	$1.7B
Investments	$448.9M	$407.1M	$386.3M	$369.5M
Goodwill	$3.5B	$3.5B	$3.5B	$3.4B
Service contracts, net	$273.0M	$286.7M	$297.7M	$298.0M
Operating lease right-of-use assets, net	$274.6M	$255.3M	$254.1M	$244.1M
Other assets, net	$407.5M	$465.7M	$468.3M	$462.4M
Total assets	$10.7B	$10.2B	$10.1B	$9.8B
Accounts payable	$506.5M	$481.0M	$503.3M	$462.3M
Accrued compensation and related liabilities	$159.2M	$210.0M	$167.9M	$135.2M
Accrued liabilities	$841.2M	$831.0M	$797.7M	$779.7M
Income taxes, current	$140.1M	$11.2M	$3.7M	$79.0M
Operating lease liabilities, current	$58.4M	$54.1M	$52.7M	$51.7M
Total debt due within one year	$999.3M	$229.5M	$550.8M	—
Total current liabilities	$2.7B	$1.8B	$2.1B	$1.5B
Debt due after one year	$1.4B	$2.4B	$2.4B	$2.4B
Deferred income taxes	$548.9M	$507.6M	$495.3M	$484.4M
Operating lease liabilities	$224.2M	$207.3M	$207.1M	$197.8M
Accrued liabilities	$540.9M	$486.3M	$472.6M	$466.2M
Total long-term liabilities	$2.7B	$3.6B	$3.6B	$3.6B
Preferred stock	$0	$0	$0	$0
Common stock	$2.9B	$2.8B	$2.7B	$2.7B
Retained earnings	$13.4B	$12.7B	$12.4B	$12.1B
Treasury stock	($11.2B)	($10.8B)	($10.8B)	($10.1B)
Accumulated other comprehensive income	$90.7M	$76.2M	$67.7M	$79.9M
Total shareholders’ equity	$5.2B	$4.8B	$4.5B	$4.8B
Total liabilities and shareholders' equity	$10.7B	$10.2B	$10.1B	$9.8B

Cash flow statement

Cintas Corporation cash flow statement, fiscal years

Line item	May 31, 2026 · FY	May 31, 2025 · FY	May 31, 2024 · FY	May 31, 2023 · FY
Net income	$2.0B	$1.8B	$1.6B	$1.3B
Depreciation	$318.6M	$303.4M	$280.9M	$257.0M
Amortization of intangible assets and capitalized contract costs	$194.2M	$190.8M	$161.5M	$152.1M
Stock-based compensation	$128.1M	$128.3M	$117.0M	$103.6M
Gain on sale of property and equipment	$0	($19.3M)	$0	$0
Deferred income taxes	$58.1M	($5.8M)	($28.9M)	$23.2M
Accounts receivable, net	($135.2M)	($174.1M)	($91.4M)	($151.8M)
Inventories, net	$2.3M	($33.9M)	$95.8M	($35.7M)
Uniforms and other rental items in service	($137.6M)	($93.6M)	($22.8M)	($98.3M)
Prepaid expenses and other current assets and capitalized contract costs	($174.0M)	($180.8M)	($117.7M)	($132.2M)
Accounts payable	($24.1M)	$144.0M	$36.9M	$53.4M
Accrued compensation and related liabilities	$7.2M	$17.8M	($27.0M)	$2.7M
Accrued liabilities and other	($371.0K)	$92.4M	$97.8M	$41.3M
Income taxes, current	$39.2M	($15.3M)	$6.2M	$34.2M
Net cash provided by operating activities	$2.3B	$2.2B	$2.1B	$1.6B
Capital expenditures	($395.1M)	($408.9M)	($409.5M)	($331.1M)
Purchases of investments	($8.3M)	($7.2M)	($7.5M)	($4.6M)
Proceeds from sale of property and equipment	$0	$24.0M	—	—
Acquisitions of businesses, net of cash acquired	($164.5M)	($232.9M)	($186.8M)	($46.4M)
Other, net	($523.0K)	$1.4M	($4.8M)	($6.6M)
Net cash used in investing activities	($568.4M)	($623.6M)	($608.6M)	($388.7M)
Proceeds from issuance of debt	$0	$398.1M	$0	$0
Debt issuance costs	($7.3M)	($1.2M)	—	—
Repayment of debt	$0	($450.0M)	($13.4M)	($50.0M)
Proceeds from exercise of stock-based compensation awards	3.8M	896.0K	1.4M	3.0M
Dividends paid	($701.5M)	($611.6M)	($530.9M)	($449.9M)
Repurchase of common stock	($952.1M)	($934.8M)	($700.0M)	($398.9M)
Other, net	($25.0M)	($20.4M)	($10.5M)	($15.9M)
Net cash used in financing activities	($1.7B)	($1.6B)	($1.3B)	($1.2B)
Effect of exchange rate changes on cash and cash equivalents	($735.0K)	($1.3M)	$206.0K	($2.6M)
Net increase (decrease) in cash and cash equivalents	$25.0M	($78.0M)	$217.9M	$33.7M
Cash and cash equivalents at beginning of year	$264.0M	$342.0M	$124.1M	$90.5M
Cash and cash equivalents at end of year	$289.0M	$264.0M	$342.0M	$124.1M

Cintas Corporation cash flow statement, quarters

Line item	Aug 31, 2026 · Q1	Feb 28, 2026 · YTD	Nov 30, 2025 · YTD	Aug 31, 2025 · Q1
Net income	$551.7M	$1.5B	$986.5M	$491.1M
Depreciation	$78.9M	$237.0M	$156.9M	$77.6M
Amortization	$48.4M	$145.1M	$96.6M	$48.3M
Stock-based compensation	$31.0M	$97.0M	$62.7M	$30.3M
Deferred income taxes	$9.1M	$37.9M	$25.6M	$13.5M
Accounts receivable, net	($32.7M)	($124.8M)	($68.3M)	($3.6M)
Inventories, net	$12.8M	($3.4M)	($719.0K)	($2.4M)
Uniforms and other rental items in service	($33.9M)	($101.9M)	($76.8M)	($34.8M)
Prepaid expenses and other current assets and capitalized contract costs	($108.9M)	($138.2M)	($103.7M)	($62.4M)
Accounts payable	$46.5M	($4.2M)	$19.4M	($22.5M)
Accrued compensation and related liabilities	($77.8M)	($19.6M)	($61.3M)	($94.3M)
Accrued liabilities and other	($49.3M)	($53.0M)	($90.4M)	($101.1M)
Income taxes, current	$96.5M	$6.2M	($588.0K)	$74.6M
Net cash provided by operating activities	$572.3M	$1.6B	$945.7M	$414.5M
Capital expenditures	($107.5M)	($299.1M)	($208.2M)	($102.0M)
Purchases of investments	($7.2M)	($8.3M)	($6.5M)	($6.5M)
Acquisitions of businesses, net of cash acquired	($3.9M)	($102.7M)	($93.2M)	($7.6M)
Other, net	$1.3M	($88.0K)	($1.1M)	($130.0K)
Net cash used in investing activities	($117.4M)	($410.2M)	($309.1M)	($116.2M)
Proceeds from exercise of stock-based compensation awards	159.0K	3.2M	3.1M	2.7M
Dividends paid	($180.7M)	($520.9M)	($340.1M)	($157.8M)
Repurchase of common stock	($315.7M)	($933.2M)	($901.7M)	($266.1M)
Other, net	($3.9M)	($17.5M)	($11.1M)	($2.8M)
Net cash used in financing activities	($500.2M)	($1.2B)	($699.0M)	($424.0M)
Effect of exchange rate changes on cash and cash equivalents	($215.0K)	$1.2M	($742.0K)	($83.0K)
Net decrease in cash and cash equivalents	($45.4M)	($80.8M)	($63.1M)	($125.8M)
Cash and cash equivalents at beginning of period	$289.0M	$264.0M	$264.0M	$264.0M
Cash and cash equivalents at end of period	$243.6M	$183.2M	$200.8M	$138.1M

Cintas Corporation score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.