CTAS
Cintas Corporation
CTAS's fundamentals are strong: it turned 18% of its revenue into free cash flow and revenue grew 9.5%. At 45x earnings, it's trading above its usual 39x. Analysts expect earnings growth.
CTAS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Healthy |
CTAS's revenue, profitability, cash flow and balance sheet are all currently healthy.
CTAS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 35x | $179 | -21% |
| Fair | 39x | $198 | -13% |
| Forward | 40x | $228 | — |
| Current | 45x | $228 | — |
| Expensive | 47x | $239 | +4.9% |
Historical ranges are pointers, not guarantees.
CTAS's PE is in its expensive range at 45x. If earnings grow as analysts expect, today's price would be 40x next year's earnings, in its fair range.
CTAS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Moderate | |
| High |
Analysts expect earnings and revenue growth for CTAS, with profitability improving.
CTAS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.71 | +13% |
| Q3 2026 | $5.07 | +13% |
| Q2 2026 | $4.91 | +12% |
| Q1 2026 | $4.73 | +9.5% |
| Q4 2025 | $4.62 | +11% |
| Q3 2025 | $4.50 | +14% |
| Q2 2025 | $4.40 | +16% |
| Q1 2025 | $4.32 | +19% |
| Q4 2024 | $4.15 | +20% |
CTAS's earnings per share have climbed steadily: $5.07 over the past year, up 13% from the year before, and higher year over year every quarter since late 2020.
CTAS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3B | +11% |
| Q2 2026 | $2.9B | +8.9% |
| Q1 2026 | $2.8B | +8.9% |
| Q4 2025 | $2.8B | +9.3% |
| Q3 2025 | $2.7B | +8.7% |
| Q2 2025 | $2.7B | +8% |
| Q1 2025 | $2.6B | +8.4% |
| Q4 2024 | $2.6B | +7.8% |
CTAS's revenue has grown year over year for 22 quarters in a row: $3B last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 24% | +0.9 points |
| Q2 2026 | 23% | +0.8 points |
| Q1 2026 | 23% | -0.2 points |
| Q4 2025 | 23% | +0.3 points |
| Q3 2025 | 23% | +0.3 points |
| Q2 2025 | 22% | +0.2 points |
| Q1 2025 | 23% | +1.7 points |
| Q4 2024 | 23% | +2.1 points |
CTAS's operating margin was 24% last quarter, up 0.9 points from the same quarter a year ago, near the top of its range since 2019.
CTAS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $464.8M | +49% |
| Q2 2026 | $613.1M | +18% |
| Q1 2026 | $530.6M | +1.6% |
| Q4 2025 | $425M | +25% |
| Q3 2025 | $312.5M | -16% |
| Q2 2025 | $521.1M | -12% |
| Q1 2025 | $522.1M | -5.1% |
| Q4 2024 | $340M | +14% |
CTAS's free cash flow has been positive every quarter for seven years: $2B over the past year, up 20% from the year before.
CTAS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -1.9M shares |
| 1 year | -1.2% | -5M shares |
| 3 years | -2.4% | -10M shares |
| 5 years | -4.6% | -19.5M shares |
| Available history | -5.8% | -25.1M shares |
CTAS has 404M diluted shares, down 1.2% from a year ago, with $1B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $315.7M |
| Q2 2026 | $18.9M |
| Q1 2026 | $31.6M |
| Q4 2025 | $635.6M |
| Q3 2025 | $266.1M |
| Q2 2025 | $256.7M |
| Q1 2025 | $26.6M |
| Q4 2024 | $36.7M |
CTAS spent $1B buying back its own shares over the past year, up 71% from the year before.
CTAS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.7x | Very low |
| Q2 2026 | 0.7x | Very low |
| Q1 2026 | 0.8x | Very low |
| Q4 2025 | 0.9x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.8x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Very low |
CTAS's net debt is less than a year of its operating earnings (EBITDA).
CTAS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 68.7 | Neutral |
| Stochastic | 80.2 | Overbought |
CTAS's weekly RSI is 69 (neutral) and its Stochastic is 80 (overbought).
CTAS PE vs Industrials Sector
| Metric | CTAS | Sector median | Relative |
|---|---|---|---|
| PE | 45x | 24x | 87% above |
| PE % | 77 | 58 | 19 pts above |
CTAS is trading at 45x earnings, a 87% premium to the Industrials sector's median of 24x.
CTAS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $212.9 | 6.9% above |
| 20 week MA | $204.5 | 11% above |
| 50 week MA | $191.7 | 19% above |
| 100 week MA | $198.1 | 15% above |
| 200 week MA | $175.2 | 30% above |
CTAS is in an uptrend: it's above all five of its weekly moving averages, and 30% above its 200-week average.
CTAS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $67.3 | $84.6 | +26% |
| 2021 | $84.6 | $108.8 | +29% |
| 2022 | $108.8 | $114.3 | +5.1% |
| 2023 | $114.3 | $150.7 | +32% |
| 2024 | $150.7 | $183.4 | +22% |
| 2025 | $183.4 | $191.1 | +4.2% |
| 2026 YTD | $191.1 | $227.5 | +19% |
CTAS has finished every year since 2020 higher, and it's up 19% so far in 2026.