US · USD

CTAS

Cintas Corporation

US$195.60+0.28% (US$0.54)
Day's range
US$194.56 – US$196.62
Day's volume
US$355.9m
52-week range
US$162.68 – US$215.97

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CTAS in numbers

Market cap
US$78.3bn
P/E
39.14
P/B
15.23
Dividend yield (12m)
0.96%
Net debt/EBITDA
0.69

The 12-month dividend yield of CTAS is 0.96%, above its 5-year average of 0.84%.

CTAS price history

02/10/202501/10/2026
Compare with

CTAS risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+7.80%+58.40%+89.28%
Volatility (annualised)27.87%25.19%23.93%
Largest drawdown-15.91%-24.82%-24.82%
Positive months6/1221/3633/60

How much did investing in CTAS return?

US$1,000.00 invested on 01/09/2021 would be worth US$2,147.60 today.

Value today in CTAS
US$2,147.60
Return over the period
+114.76%
Return per year
+16.52%
In the S&P 500
US$1,776.31

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

CTAS fundamentals

Valuation

  • P/E
    39.14
  • P/B
    15.23
  • EV/EBITDA
    25.78
  • EV/EBIT
    30.85
  • EV/Revenue
    7.14
  • P/EBIT
    30.03
  • P/S
    6.95
  • P/OCF
    34.39
  • P/FCF
    41.61
  • Earnings yield
    3.24%
  • PEG ratio
    —
  • Earnings per share
    US$5.00
  • Book value per share
    US$12.84

Debt

  • Net debt
    US$2.1bn
  • Net debt/EBITDA
    0.69
  • Net debt/Equity
    0.42
  • Debt/Equity
    0.47
  • Current ratio
    1.43
  • Quick ratio
    1.27
  • Cash ratio
    0.11

Efficiency

  • Gross margin
    50.67%
  • EBITDA margin
    27.69%
  • Operating margin
    23.14%
  • Net margin
    17.75%
  • Asset turnover
    1.07

Profitability

  • ROE
    38.91%
  • ROA
    18.99%
  • ROIC
    28.59%
  • Payout
    37.42%

Growth

  • Revenue CAGR (5 years)
    9.62%
  • Earnings CAGR (5 years)
    12.48%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is CTAS's fair price?

Two classic value formulas, with today's numbers. The current price is US$195.60.

Graham's fair price
US$38.00
80.57% below the price

√(22.50 × US$5.00 × US$12.84)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$20.95
89.29% below the price

US$1.26 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

CTAS indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20262025202420232022202120202019
P/E39.1441.8211.7145.4936.9841.0741.7631.16
P/B15.2316.184.2715.8713.8112.3711.319.18
EV/EBITDA25.7827.318.1828.7924.3626.8925.2820.59
Dividend yield0.73%0.89%0.80%0.83%0.93%0.77%0.79%0.95%
Earnings per shareUS$5.00US$4.50US$15.60US$13.25US$12.21US$10.79US$8.46US$8.64
Book value per shareUS$12.84US$11.62US$42.83US$37.98US$32.69US$35.82US$31.26US$29.30
ROE38.91%38.69%36.41%34.89%37.35%30.13%27.08%29.47%
ROIC28.59%27.59%25.54%23.05%21.77%20.84%17.10%14.68%
Gross margin50.67%50.04%48.83%47.34%46.24%46.58%45.64%45.39%
EBITDA margin27.69%27.60%26.17%25.09%25.30%24.92%21.76%21.67%
Net margin17.75%17.53%16.38%15.29%15.73%15.61%12.36%12.84%
Net debt/EBITDA0.690.760.851.071.361.151.552.13

CTAS financial statements

Line202620252024202320222021
Net revenueUS$11.3bnUS$10.3bnUS$9.6bnUS$8.8bnUS$7.9bnUS$7.1bn
Cost of sales-US$5.6bn-US$5.2bn-US$4.9bn-US$4.6bn——
Gross profitUS$5.7bnUS$5.2bnUS$4.7bnUS$4.2bnUS$3.6bnUS$3.3bn
EBITDAUS$3.1bnUS$2.9bnUS$2.5bnUS$2.2bnUS$2bnUS$1.8bn
EBITUS$2.6bnUS$2.4bnUS$2.1bnUS$1.8bnUS$1.6bnUS$1.4bn
Net finance result——————
Profit before taxUS$2.5bnUS$2.3bnUS$2bnUS$1.7bnUS$1.5bnUS$1.3bn
Income tax-US$505.4m-US$451.9m-US$402m-US$345.1m-US$263m-US$176.8m
Net incomeUS$2bnUS$1.8bnUS$1.6bnUS$1.3bnUS$1.2bnUS$1.1bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does CTAS pay dividends?

Dividend yield per year

  • 1.04%2017
  • 1.22%2018
  • 0.95%2019
  • 0.79%2020
  • 0.77%2021
  • 0.93%2022
  • 0.83%2023
  • 0.80%2024
  • 0.89%2025
  • 0.73%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend13/08/202615/09/2026US$0.52
Dividend14/05/202615/06/2026US$0.45
Dividend12/02/202613/03/2026US$0.45
Dividend13/11/202515/12/2025US$0.45
Dividend14/08/202515/09/2025US$0.45
Dividend14/05/202513/06/2025US$0.39
Dividend13/02/202514/03/2025US$0.39
Dividend14/11/202413/12/2024US$0.39
Dividend14/08/202403/09/2024US$0.39
Dividend13/05/202414/06/2024US$0.34
Dividend13/02/202415/03/2024US$0.34
Dividend13/11/202315/12/2023US$0.34
See all 28 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend11/08/202315/09/2023US$0.34
Dividend11/05/202315/06/2023US$0.29
Dividend13/02/202315/03/2023US$0.29
Dividend11/11/202215/12/2022US$0.29
Dividend11/08/202215/09/2022US$0.29
Dividend12/05/202215/06/2022US$0.24
Dividend11/02/202215/03/2022US$0.24
Dividend11/11/202115/12/2021US$0.24
Dividend11/08/202115/09/2021US$0.24
Dividend12/05/202115/06/2021US$0.19
Dividend10/02/202115/03/2021US$0.19
Dividend04/11/202004/12/2020US$0.70
Dividend06/11/201906/12/2019US$0.64
Dividend07/11/201807/12/2018US$0.51
Dividend08/11/201708/12/2017US$0.41
Dividend01/11/201602/12/2016US$0.33

About Cintas

Sector
Manufacturing

Questions about CTAS

How much is CTAS today?

CTAS is at US$195.60 (0.28% on the day), last traded on 01/10/2026.

How much did CTAS pay in dividends in 2025?

CTAS paid US$1.68 per share in 2025, a dividend yield of 0.89%.

What are the P/E and P/B of CTAS?

CTAS trades at a P/E of 39.14 and a P/B of 15.23.

How much did CTAS return in 12 months?

CTAS returned 7.80% in 12 months, with annualised volatility of 27.87% and a largest drawdown of -15.91%.