Cintas provides uniforms, laundering, facility supplies, first-aid and safety products, and fire-protection services to more than one million businesses, mainly in the United States.
Loading the company summary…
A snapshot of what CINTAS CORP owns and owes at a point in time.
Read the company’s balance sheet in the original annual reports below.
Browse original filingsSee the original statement for its reporting period, currency, and unit.
3 reports in this collection
| Report period | Filed with SEC | Form | Source |
|---|---|---|---|
| May 31, 20240000723254-24-000036 | Jul 25, 2024 | 10-K | Open 10-Ksec.gov |
| May 31, 20250000723254-25-000017 | Jul 28, 2025 | 10-K | Open 10-Ksec.gov |
| May 31, 20260000723254-26-000028 | Jul 29, 2026 | 10-K | Open 10-Ksec.gov |
Dates describe the filing metadata. Figures and reporting periods should be checked against the original statement. SEC links open in a new tab.
Cintas entered fiscal 2027 with stronger sales and margins across its operating categories. Cash generation also improved, partly through payment timing, but shareholder distributions exceeded cash generated after capital spending. The proposed UniFirst acquisition remained unclosed on October 7, 2026, with regulatory approval, financing economics and target integration still material uncertainties.
Sources: 10-K · 2026-05-31 · 10-Q · 2026-08-31 · EX-99 · 2026-09-23 · 8-K · 2026-10-06 · EX-2.1 · 2026-03-10
More than 95% of revenue comes from recurring customer-site route services, and no customer accounts for more than 1% of revenue. Uniform Rental and Facility Services supplied 76.1% of the latest quarter’s revenue. Regular visits create opportunities to sell additional services; management attributes margin improvements to better rental-inventory utilization, sourcing and operating efficiency. Pricing, customer additions and retention also contribute, but their separate effects are not quantified.
Sources: 10-K · 2026-05-31 · 10-Q · 2026-08-31
For fiscal 2027’s first quarter ended August 31, 2026, revenue rose 10.9% to $3,013.981 million. One additional workday contributed 1.7 percentage points; company-defined organic growth was 8.9% after adjusting for workdays, acquisitions and currency, not a measure of volume alone. All operating categories improved profit. GAAP operating income reached $711.887 million and operating margin increased to 23.6% from 22.7%. Results were announced September 23 and included in the October 7 Form 10-Q.
GAAP net income rose 12.3% to $551.711 million, while diluted EPS rose 13.3% to $1.36, helped by fewer diluted shares. The tax rate increased to 20.0% from 17.6%; both periods included stock-compensation-related discrete tax effects. UniFirst transaction costs totaled $15.7 million: $14.4 million in operating expense and $1.3 million in interest expense. The release reported non-GAAP adjusted EPS of $1.39 excluding a $0.03 transaction-cost impact; that adjustment does not remove the transaction’s economic cost.
On September 23, management raised fiscal 2027 revenue guidance from $12.10–$12.25 billion to $12.15–$12.27 billion and adjusted diluted EPS guidance from $5.36–$5.50 to $5.45–$5.54. Revenue guidance excludes UniFirst, assumes no future acquisitions and constant exchange rates; reported growth of 7.9%–8.9% becomes 7.4%–8.5% after adjusting for the extra workday. EPS guidance excludes future buybacks, significant economic disruption and non-recurring transaction costs. Its comparison uses fiscal 2026 adjusted EPS of $4.94, not GAAP EPS of $4.91. Uncertain, potentially material transaction costs prevent a forecast GAAP reconciliation.
Sources: 10-Q · 2026-08-31 · EX-99 · 2026-09-23 · 8-K · 2026-09-23
Quarterly operating cash flow was $572.331 million versus $414.481 million, helped by payable, accrual and tax timing as well as earnings. After $107.532 million of capital expenditures, company-defined non-GAAP free cash flow was $464.799 million, below $496.410 million of cash dividends and repurchases. Rental assets and capitalized sales commissions also separate cash spending from expense recognition. Cash was $243.599 million on August 31; no later cash balance is supplied.
Cintas subsequently paid a $208.8 million dividend on September 15 and reported $494.0 million of post-August share purchases through October 7. The release’s $544.7 million of program purchases through September 22 overlaps both quarterly and subsequent purchases and is not an additional cash use. Noncash option settlements are excluded from cash repurchases.
Sources: 10-Q · 2026-08-31 · EX-99 · 2026-09-23 · 10-K · 2026-05-31
At August 31, senior-note principal was approximately $2,436.6 million, compared with $2,428.845 million after issuance-cost deductions; operating-lease liabilities were separately $282.529 million. Principal maturities include $1 billion in fiscal 2027 and $400 million in fiscal 2028. The $2 billion revolver established March 27, 2026, maturing March 27, 2031, and the commercial-paper program were undrawn at August 31. That capacity is not cash. Cintas reported covenant compliance, but numerical headroom is not established.
Management expects approximately $2.8 billion of additional acquisition debt if the transaction proceeds. One tranche of the original March 10 $2.85 billion bridge was replaced by the revolver, so those facilities cannot be added as independent funding. Financing is not a merger closing condition: Cintas must pursue financing and qualifying substitutes, fund consideration, and arrange target debt payoff and letter-of-credit replacement. Final availability, pricing, payoff and post-quarter borrowing are unverified. The September forecast of approximately $103 million in fiscal 2027 net interest expressly excludes UniFirst acquisition funding and future-buyback financing; it is not a combined-company interest forecast.
Sources: 10-K · 2026-05-31 · 10-Q · 2026-08-31 · 8-K · 2026-03-10 · EX-2.1 · 2026-03-10 · EX-99 · 2026-09-23
The March 10 agreement, filed March 11, provides $155 cash plus 0.7720 Cintas shares for each eligible UniFirst share. The approximately $5.5 billion valuation is neither fixed cash consideration nor completed purchase accounting. Target shareholders approved the agreement June 11, but the deal remained unclosed on October 7. Canadian response certification on September 29 and FTC substantial-compliance certification on October 2 were not regulatory clearances. The October 2 timing agreement prohibits closing before December 11 unless the FTC first gives written notice closing its investigation. Management’s year-end closing expectation remains conditional.
The separate contractual outside date is January 10, 2027, conditionally extendable to May 10 and September 10. Cintas is not required to accept divestitures or other regulatory remedies. Its $350 million reverse termination fee applies only under specified triggers and UniFirst’s election mechanism, not as a universal liability cap; UniFirst’s $213.3 million fee has separate triggers. Interim operating restrictions, transaction expenses and financing-cooperation reimbursement remain relevant even before closing. Conditional employee protections and six-year indemnity and insurance obligations add potential post-closing costs. Disclosure schedules and detailed financing documents are unavailable, preventing a complete quantification of exceptions and costs; no verified synergy, accretion or return estimate is presented.
UniFirst’s access- and change-management control weakness affected systems supporting revenue, receivables, inventory and merchandise in service. Its fiscal 2025 control audit was adverse, although the financial-statement opinion was unqualified and no resulting misstatements were identified. Controls remained ineffective at May 30, 2026; the July 8 report deferred some inventory-related testing into fiscal 2027. Later remediation completion is unestablished, and October’s warning is not a fresh effectiveness assessment. Target quarterly operating income fell 52.2%, reflecting transaction and ERP costs plus payroll, selling and healthcare pressures; a separate $3.1 million tax benefit supported earnings. Year-to-date operating cash flow fell 29.1%.
At May 30, UniFirst also reported $30.547 million of environmental accruals and $19.309 million of nuclear retirement obligations. Its disputed Mexican assessment exceeded $84.7 million, with no recorded liability and no estimable loss range. These remain target exposures, not consolidated Cintas liabilities. Cintas separately faces labor, tariff, environmental, insurance-estimation and cyber risks. Its annual report acknowledged nonordinary litigation and an unexplained legal-reserve decline; neither settlement nor disappearance of exposure is established.
Sources: 8-K · 2026-03-10 · EX-2.1 · 2026-03-10 · 10-Q · 2026-05-30 · 8-K · 2026-10-06 · 10-Q · 2026-08-31 · 10-K · 2025-08-30 · 10-K · 2026-05-31
Jim Rozakis became President and COO effective August 1, 2026, as disclosed August 3; Todd Schneider remained CEO. An August 27 filing reported that director Melanie Barstad would not seek re-election but would serve until the 2026 annual meeting. It did not establish an immediate departure.
Sources: 8-K · 2026-08-03 · 8-K · 2026-08-26
USD 11.264761 bn
FY2026 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2026 | USD 11.264761 bn | 8.9% |
| 2025 | USD 10.340181 bn | 7.7% |
| 2024 | USD 9.596615 bn | — |
Consolidated revenue, net of taxes collected for governments.
Sources: 10-K · 2026-05-31
Reading times are estimates for the English text. Financial tables and charts may take additional time.
