Cintas (CTAS) FY2024 results: revenue $9.6 billion, up 8.9% on the year
Cintas Corp. (CTAS) reported revenue of $9.6 billion for fiscal 2024, the year ended 31 May 2024, up 8.9% on the year before. Net income was $1.6 billion, up 16.6%, and diluted earnings per share $3.79. The figures are the company's own, from the 10-K it filed with the SEC on 25 July 2024.
Revenue
$9.6 billion
+8.9% on the year
FY2017FY2024
Operating margin
21.6%
20.4% a year earlier
FY2017FY2024
Net income
$1.6 billion
+16.6% on the year
FY2017FY2024
Diluted EPS
$3.79
+16.6% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,068
1,586
1,538
+30.4%
Capital expenditure
409
331
241
+23.7%
Free cash flow
1,659
1,255
1,297
+32.2%
Free cash flow margin
17.3%
14.2%
16.5%
Cash from investing
-603
-382
-403
Cash from financing
-1,248
-1,167
-1,538
Depreciation and amortisation
442
409
400
+8.1%
Share-based compensation
117
104
109
+12.9%
Buybacks
700
399
1,526
+75.5%
Dividends paid
531
450
375
+18.0%
Dividend per share
$1.35
$1.15
$0.95
+17.4%
Diluted shares, weighted
413m
414m
422m
-0.0%
Shares outstanding at period end
405m
407m
407m
-0.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
4,316
3,864
3,308
+11.7%
Debt
2,487
2,500
2,811
-0.5%
Operating lease liabilities
147
138
129
+6.2%
Other liabilities
2,219
2,044
1,899
+8.6%
Total liabilities and equity
9,169
8,546
8,147
+7.3%
Fixed assets
1,534
1,396
1,324
+9.9%
Goodwill
3,212
3,056
3,043
+5.1%
Intangible assets
690
701
719
-1.5%
Cash and equivalents
342
124
90.5
+175.5%
Receivables
1,244
1,153
1,006
+7.9%
Inventory
410
507
472
-19.0%
Other assets
1,736
1,609
1,493
+7.8%
Total assets
9,169
8,546
8,147
+7.3%
10-K for the year ended 31 May 2024, filed 25 July 2024: the filing.