Industrials · Diversified Support Services · US stock · price as of 16 Oct 2026
Key indicators
Price
$213.69
52-week range
$160.31 – $218.60
Market cap
$86.4B
P/E (trailing)
42.0×
EV / EBITDA
27.6×
Free-cash-flow yield
2.4%
Dividend yield
0.9%
Revenue (last 12 months)
$11.6B
Revenue growth (3y a year)
8.5%
Operating margin
23.4%
Return on invested capital
27.9%
Net debt / EBITDA
0.8×
Fair value
Blended fair value$147.24 range $139 – $158
Versus priceOvervalued−31% to fair value
Peer multiples
$139.43
Fundamentals-adjusted multiple
$142.91
10-year DCF (market-scaled)
$159.39
Earnings power value (floor, not blended)
$51.86
Model uncertainty
Medium
X-Ray Score
57/ 100 · High confidence · ahead of 69% of sector peers
Valuation16
Growth70
Profitability76
Financial health76
Dividends44
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Cintas provides uniform rental and corporate identity programs, along with facility services such as floor mats, restroom supplies, first aid and safety products, and fire protection. It serves businesses of many sizes through route-based delivery. The company earns money from recurring rental and service contracts, which give it a stable base of income, and from selling some products directly. Employment levels among customers influence demand.
The company reported twelve-month revenue of $11.6 billion, which expanded at 8.5% a year across the last three years. It earned an operating margin of 23.4%, and it generated a return on invested capital of 28%. Leverage, measured as net debt to EBITDA, is 0.8 times. The dividend yield is 0.9%.
StocksXray gives Cintas Corp an X-Ray Score of 57 out of 100 (high confidence), ahead of 69% of the S&P 500 stocks in its sector. Its strongest lens is financial health (76) and its weakest is valuation (16).
Our fair value blend is $147.24 (range $139.04 to $158.28). At $213.69 the stock trades 45% above that blend, so the label is "Overvalued" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Cintas Corp (CTAS)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2022
FY2023
FY2024
FY2025
FY2026
Now
Price
$95.74
$114.65
$166.20
$223.79
$170.82
$213.69
Market cap
$10.1B
$47.4B
$68.7B
$91.8B
$69.4B
$86.4B
P/E
8.2×
35.3×
43.9×
50.9×
34.8×
42.0×
EV / revenue
1.6×
5.6×
7.4×
9.1×
6.3×
7.7×
EV / EBITDA
6.4×
22.5×
28.2×
32.9×
22.9×
27.6×
Price / free cash flow
7.8×
37.8×
41.4×
52.3×
36.9×
42.5×
Free-cash-flow yield
12.8%
2.6%
2.4%
1.9%
2.7%
2.4%
Price / book
3.1×
12.3×
15.9×
19.6×
13.5×
16.6×
Dividend yield
3.97%
1.00%
0.81%
0.70%
1.05%
0.88%
Fundamentals checklist ● 9 Good · ● 4 Average · ● 3 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−3.5%Average
Free-cash-flow yield2.4%Bad
Risk models
Altman Z score7.6×Good
Piotroski F-Score8 of 9Good
Growth
EPS growth (3y)14.7%Good
Free-cash-flow growth (3y)14.4%Average
Revenue growth (3y)8.5%Good
Growth consistency100%Good
Balance sheet
Current ratio1.5×Average
Net debt / EBITDA0.8×Good
Interest cover25.3×Average
Valuation
Fair value vs price0.7×Bad
EBIT / EV yield3.0%Bad
Profitability
Return on invested capital27.9%Good
Operating margin23.4%Good
Gross profitability55.3%Good
XStocksXray
Cintas Corp (CTAS)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY22
FY23
FY24
FY25
FY26
LTM
Revenue
7,854
8,816
9,597
10,340
11,265
11,561
Gross profit
3,632
4,173
4,686
5,174
5,708
5,895
Operating income
1,587
1,803
2,069
2,360
2,607
2,701
Net income
1,236
1,348
1,572
1,812
2,000
2,061
Diluted EPS ($)
11.65
3.25
3.79
4.40
4.91
5.08
Free cash flow
1,297
1,255
1,659
1,757
1,881
2,033
Gross margin
46.2%
47.3%
48.8%
50.0%
50.7%
51.0%
Operating margin
20.2%
20.4%
21.6%
22.8%
23.1%
23.4%
Net margin
15.7%
15.3%
16.4%
17.5%
17.8%
17.8%
Balance sheet
FY22
FY23
FY24
FY25
FY26
LTM
Total assets
8,147
8,546
9,169
9,825
10,529
10,653
Cash
90
124
342
264
289
244
Total debt
2,796
2,486
2,476
2,425
2,428
2,429
Equity
3,308
3,864
4,316
4,684
5,140
5,205
Dividend per share ($)
3.80
1.15
1.35
1.56
1.80
1.87
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.