Cintas (CTAS) FY2025 results: revenue $10.3 billion, up 7.7% on the year
Cintas Corp. (CTAS) reported revenue of $10.3 billion for fiscal 2025, the year ended 31 May 2025, up 7.7% on the year before. Net income was $1.8 billion, up 15.3%, and diluted earnings per share $4.40. The figures are the company's own, from the 10-K it filed with the SEC on 28 July 2025.
Revenue
$10.3 billion
+7.7% on the year
FY2018FY2025
Operating margin
22.8%
21.6% a year earlier
FY2018FY2025
Net income
$1.8 billion
+15.3% on the year
FY2018FY2025
Diluted EPS
$4.40
+16.2% on the year
FY2018FY2025
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
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
2,166
2,068
1,586
+4.7%
Capital expenditure
409
409
331
-0.1%
Free cash flow
1,757
1,659
1,255
+5.9%
Free cash flow margin
17.0%
17.3%
14.2%
Cash from investing
-624
-603
-382
Cash from financing
-1,619
-1,248
-1,167
Depreciation and amortisation
494
442
409
+11.7%
Share-based compensation
128
117
104
+9.7%
Buybacks
935
700
399
+33.5%
Dividends paid
612
531
450
+15.2%
Dividend per share
$1.56
$1.35
$1.15
+15.6%
Diluted shares, weighted
410m
413m
414m
-0.8%
Shares outstanding at period end
403m
405m
407m
-0.5%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
4,684
4,316
3,864
+8.5%
Debt
2,437
2,487
2,500
-2.0%
Operating lease liabilities
179
147
138
+21.7%
Other liabilities
2,525
2,219
2,044
+13.8%
Total liabilities and equity
9,825
9,169
8,546
+7.2%
Fixed assets
1,652
1,534
1,396
+7.7%
Goodwill
3,400
3,212
3,056
+5.8%
Intangible assets
694
690
701
+0.6%
Cash and equivalents
264
342
124
-22.8%
Receivables
1,417
1,244
1,153
+13.9%
Inventory
447
410
507
+9.1%
Other assets
1,949
1,736
1,609
+12.3%
Total assets
9,825
9,169
8,546
+7.2%
10-K for the year ended 31 May 2025, filed 28 July 2025: the filing.