Cintas Corporation (CTAS)
NEUTRALFundamental
68
Preço
$204.33
Capitalização de Mercado
$83.00B
Parte 1 · Quanto vale a empresa
Visão Geral
Cintas supplies and launders work uniforms for other companies' employees, picking up worn items and dropping off clean ones on a set schedule through its own fleet of trucks and local service routes. It has extended this route-based model into related recurring services: restocking first-aid supplies, inspecting and testing fire extinguishers and alarm systems, and supplying floor mats, mops and restroom products, all delivered through the same customer relationship and delivery infrastructure.
Como gera receita
Almost all revenue is recurring: customers sign multi-year service agreements and pay a regular fee per delivery route visit, mostly for uniform rental and laundering. The First Aid and Safety, Fire Protection and Uniform Direct Sales lines add smaller, complementary revenue streams sold through the same field-service organization, so growth comes from adding new accounts, adding more services to existing accounts, and periodic price increases across the installed base.
Receita por segmento
Rental, laundering and delivery of work uniforms plus related facility items such as mats and restroom supplies.
Restocking of first-aid cabinets and safety supplies for customer worksites on a recurring service route.
Inspection, testing and maintenance of fire extinguishers, sprinklers and alarm systems required by local fire codes.
One-time sale, rather than rental, of uniforms and related items to customers who prefer to own rather than lease them.
Vantagem competitiva
Custos de mudança · AmplaOnce Cintas is embedded in a customer's weekly operations — sized uniforms for every employee, scheduled pickup and delivery routes, compliance recordkeeping — switching providers means redoing all of that logistics for uncertain benefit, so churn is low and contracts run for years. A dense local route network also gives Cintas a real cost advantage that a new entrant would need years to replicate.
O que impulsiona a procura
DefensivoUniform, safety and fire-protection services are largely tied to compliance and hygiene needs that businesses maintain even in a downturn, which has helped Cintas grow revenue through multiple recessions. Demand still correlates loosely with overall employment levels and the number of active business locations, so a sharp rise in unemployment or business closures would slow, though not reverse, growth.
Principais riscos
- Competitive pricing and service pressure — Increased competition, and rivals' reaction on price and service, could pressure Cintas's ability to win new accounts or retain pricing on renewals in its core uniform-rental business.
- Rising labor costs — Healthcare benefits, minimum wages, labor shortages and employee-classification regulation can all raise the cost of delivering rental and facility services, a labor-intensive route-based business.
- Energy and fuel cost volatility — A large truck fleet running daily delivery routes makes Cintas sensitive to fuel and energy price swings, which geopolitical events can amplify along with broader freight and distribution costs.
- Union organizing activity — The company cites the costs and possible effects of union organizing efforts among its workforce as a risk to its cost structure and operating flexibility.
Os argumentos a favor
Buyers argue that Cintas's route density and multi-decade customer relationships create switching costs few competitors can match, that cross-selling first aid, fire protection and facility services into the same uniform-rental accounts keeps expanding revenue per customer, and that demand for compliance-driven services has proven durable across many economic cycles.
Os argumentos contra
Sellers fear that a mature, already highly penetrated uniform-rental market leaves less room for the fast account growth of earlier decades, that rising labor and fuel costs squeeze margins in a business that depends on a large delivery workforce, and that renewed competitive price pressure could slow growth in the segment that still generates most of Cintas's revenue.
Written by the editors, published on 18 de agosto de 2026
Direct competitors
Who this company fights with for the same customers
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Balanço & Liquidez
Receita
$11.03B
Últimos 12 meses (até 28/02/2026)
Resultado Líquido
$1.94B
Últimos 12 meses (até 28/02/2026)
Fluxo de Caixa Livre
$1.76B
Capital Próprio Total
$4.68B
Passivo Total
$5.14B
Rácio de Liquidez
1.98
Cobertura de Juros
24.22
Dívida/EBITDA
1.02
Resultados Por Ação
Receita & Resultado Líquido
Fluxo de Caixa Livre
Decomposição dos Resultados
Demonstração histórica
Margens ao longo do tempo
A dívida ao longo do tempo
Quanto pesa a dívida
Grelha do crescimento
Crescimento — Receitas
Estimativa de Valor Justo
Valor Justo
$164.55
Preço Atual
$204.33
Margem de Segurança
-24.2%
Intervalo de Valor Justo
$114.22 - $214.89
Métodos de Estimativa
Métricas de Avaliação
Rácio P/E
43.85
ROE
38.7%
Rácio P/B
17.33
P/FCF
46.26
Margem Bruta
50.4%
ROIC
23.8%
Radar de Rentabilidade
Value Creation (Economic Moat)
ROIC
23.8%
WACC
9.3%
ROIC − WACC
+14.4 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Critérios de Análise Fundamental
Aprovado (20)
- EPS shows upward trend
- EPS CAGR 7.05%
- Price CAGR 21.58%
- ROIC 23.8%
- Gross Margin 50.4%
- Debt/Equity ratio
- Operating Margin 23.0%
- Positive Free Cash Flow
- CapEx intensity
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- ROE 41.8%
- Revenue Growth 5Y 9.6%
- Analyst Consensus 56% Buy
- Earnings Quality (OCF/NI) 1.14
- Share Dilution -0.7%
- Net Margin Trend 17.6% vs 17.5%
- Piotroski F-Score 9/9
Reprovado (7)
- P/FCF 46.26
- P/B Ratio 17.33
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
- Earnings Surprise avg -0.1%
- PEG Ratio 2.93
Indisponível (1)
- Dividend Payout NaN%
Piotroski F-Score
Saúde financeira sólida
Qualidade dos Resultados
Alta qualidade: resultados respaldados por caixa
Diluição de Ações
A recomprar ações. Favorável ao acionista
Governação
Equipa Executiva
| Nome | Cargo | Idade |
|---|---|---|
| Mr. Scott D. Farmer | Executive Chairman | 66 |
| Mr. Todd M. Schneider | CEO & Director | 57 |
| Mr. James N. Rozakis | President & COO | 47 |
| Mr. David Brock Denton | Executive VP, Secretary & General Counsel | 49 |
| Mr. Scott A. Garula | Executive VP & CFO | 53 |
| Mr. Jared S. Mattingley | VP, Treasurer, Investor Relations & Corporate Controller | - |
| Mr. Max Langenkamp | Senior Vice President of Human Resources | - |
| Mr. William L. Cronin | Senior VP & Assistant to CEO | - |
Risco de Auditoria
7
Risco do Conselho
10
Risco de Remuneração
3
Risco dos Direitos dos Acionistas
9
Parte 2 · O preço e o momento de entrar
Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.
Latest News
Recent headlines for CTAS, sourced from Markets Gazette.
- 6/15/2026POSITIVEHere's How Much $100 Invested In Cintas 15 Years Ago Would Be Worth Today
An investment of $100 in Cintas Corporation 15 years ago would have grown to approximately $2,370 today, representing a staggering 2,270% return. This performance significantly outpaces the S&P 500's return over the same period. Cintas, a provider of corporate identity uniforms and related services, has demonstrated exceptional long-term growth, driven by consistent demand for its essential business services and effective operational management. Investors who held CTAS stock have benefited from its robust financial performance and strategic market positioning.
- 3/25/2026POSITIVECintas Delivers Record Margins, Raises Outlook
Cintas Corporation announced record third-quarter operating margins, exceeding analyst expectations. The company reported earnings per share of $3.15, surpassing the $2.90 consensus estimate. Revenue also saw a healthy increase, driven by strong performance in its uniform rental and facility services segments. Despite a slight share price dip, the company raised its full-year earnings and revenue outlook, signaling robust business momentum. Investors will be watching the integration of the recently announced UniFirst acquisition, which is expected to further consolidate Cintas' market position and drive future growth.
- 3/25/2026NEUTRALTop Wall Street Forecasters Revamp Cintas Expectations Ahead Of Q3 Earnings
Cintas Corporation (NASDAQ:CTAS) is scheduled to release its third-quarter earnings on March 25th. Wall Street analysts are forecasting earnings per share of $1.24 and revenues of $2.82 billion. Despite these expectations, the company's shares experienced a 1.7% decline on Tuesday. This upcoming earnings report will be crucial for investors to assess Cintas's performance against analyst predictions and to gauge the market's reaction to any forward-looking guidance provided.
via Markets Gazette