Cintas Corporation (CTAS)
Fair bewertetFundamental
70
Kurs
$195.06
Marktkapitalisierung
$78.98B
Teil 1 · Was das Unternehmen wert ist
Übersicht
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.
Wie das Geld verdient wird
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.
Umsatz nach Segment
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.
Wettbewerbsvorteil
Wechselkosten · BreitOnce 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.
Was die Nachfrage antreibt
DefensivUniform, 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.
Wichtigste Risiken
- 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.
Die Argumente dafür
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.
Die Argumente dagegen
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. August 2026
Direct competitors
Who this company fights with for the same customers
Generated on 18. September 2026 with claude-haiku-4-5 — shared with all users
Through its fire and life-safety inspection, testing and maintenance business, APi Group competes with Cintas Fire Protection Services for recurring extinguisher, sprinkler and alarm service contracts at commercial buildings.
UniFirst runs the same route-based uniform rental and workwear laundering programs for industrial, service and healthcare businesses across North America, and names Cintas as its principal competitor in its own annual report.
Spun off from Aramark in 2023, Vestis is the other large North American uniform rental and workplace supplies operator, chasing the same multi-site contracts for garments, mats, mops and restroom supplies.
Alsco is the large family-owned uniform and linen rental company operating in more than 25 US states and Canada, and bids for the same route-serviced garment and facility-services accounts.
Mission Linen Supply is a privately held regional rival in the western United States offering uniform, linen and restroom-supply routes to the same small and mid-sized commercial customers.
Bilanz & Liquidität
Umsatz
$11.03B
Letzte 12 Monate (bis 28.2.2026)
Nettogewinn
$1.94B
Letzte 12 Monate (bis 28.2.2026)
Freier Cashflow
$1.76B
Gesamtes Eigenkapital
$4.68B
Gesamtverbindlichkeiten
$5.14B
Current Ratio
1.98
Zinsdeckungsgrad
24.22
Schulden/EBITDA
1.02
Gewinn je Aktie
Umsatz & Nettogewinn
Freier Cashflow
Ertragsaufschlüsselung
Historische Aufstellung
Margen im Zeitverlauf
Verschuldung im Zeitverlauf
Wie schwer die Schulden wiegen
Wachstumsraster
Wachstum — Umsatz
Innerer-Wert-Schätzung
Innerer Wert
$165.00
Aktueller Kurs
$195.06
Sicherheitsmarge
-18.2%
Innerer-Wert-Spanne
$115.43 - $214.57
Streubreite zwischen den verwendeten Bewertungsmethoden, kein statistisch kalibriertes Konfidenzintervall.
Bewertungsmethoden
Bewertungskennzahlen
P/E-Verhältnis
41.24
ROE
38.7%
P/B-Verhältnis
16.30
P/FCF
43.51
Bruttomarge
50.4%
ROIC
23.8%
Rentabilitäts-Radar
Wertschöpfung (Wettbewerbsvorteil)
ROIC
23.8%
WACC
9.2%
ROIC − WACC
+14.6 pp
Der ROIC übersteigt die Kapitalkosten: Das Unternehmen schafft Wert für die Aktionäre.
Fundamentalanalyse-Kriterien
Bestanden (20)
- EPS shows upward trend
- EPS CAGR 7.05%
- Price CAGR 20.85%
- 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
Nicht bestanden (7)
- P/FCF 43.51
- P/B Ratio 16.30
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
- Earnings Surprise avg 0.2%
- PEG Ratio 2.86
Nicht verfügbar (1)
- Dividend Payout NaN%
Piotroski F-Score
Starke finanzielle Gesundheit
Gewinnqualität
Hohe Qualität: Gewinne durch Cashflow gedeckt
Aktienverwässerung
Aktienrückkäufe. Aktionärsfreundlich
Institutionelle Beteiligungen
Unternehmensführung
Führungsteam
| Name | Position | Alter |
|---|---|---|
| Mr. Scott D. Farmer | Executive Chairman | 66 |
| Mr. Todd M. Schneider | CEO & Director | 57 |
| Mr. James N. Rozakis | President & COO | 47 |
| 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 | - |
Prüfungsrisiko
7
Vorstandsrisiko
10
Vergütungsrisiko
3
Aktionärsrechterisiko
9
Teil 2 · Der Preis und der Einstiegszeitpunkt
Dieser Teil sagt nicht, ob das Unternehmen etwas taugt: Er hilft bei der Wahl des Kaufzeitpunkts, nachdem die Fundamentaldaten überzeugt haben. Enthalten: technische Analyse, Potenzial, historische Drawdowns, Gamma-Exposure.
Dokumente
- Dokument ansehen
Jahresbericht (10-K)
Ein jährlicher Überblick über das Geschäft, die Finanzergebnisse und die Risiken des Unternehmens.
Eingereicht am 2026-07-29
- Dokument ansehen
Quartalsbericht (10-Q)
Ein Update zur finanziellen Entwicklung der letzten drei Monate.
Eingereicht am 2026-04-07
- Dokument ansehen
Ad-hoc-Meldung (8-K)
Eine Mitteilung über ein wichtiges Ereignis, etwa einen Führungswechsel oder eine bedeutende Ankündigung.
Eingereicht am 2026-09-23
via SEC EDGAR
Ertragshistorie
via SEC EDGAR
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