CTAS - Cintas Corp Stock Price Quote - NASDAQ | Morningstar

Skip to Content

Is it the right time to buy or sell?

Find out with Morningstar Investor

Is it the right time to buy or sell?

Find out with Morningstar Investor

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Cintas Improves Margins in Third Quarter; We Increase FVE to $283 Due to Raised Guidance

Senior Analyst Joshua Aguilar

Joshua Aguilar Senior Analyst

Business Strategy and Outlook

| Joshua Aguilar | Mar 24, 2022

Cintas is the dominant provider in the $16 billion U.S. uniform rental/sales and related ancillary-services industry. It enjoys a roughly 43% market share, and no singular end market comprises a significant portion of total revenue. Despite its already impressive position, we expect Cintas will grow over the next 10 years. The firm constantly considers new product lines while emphasizing cross-selling to its existing customers. About 60% of its annual sales growth derives from new client wins, and at $4 billion-$5 billion, the remaining unvended market remains sizable, and the G&K acquisition added 170,000 uniform rental clients to Cintas' book of business.

Unlock Our Full Analysis With Morningstar Investor

Cintas Corp's Company Profile

Business Description

In its core uniform and facility services unit (80% of sales), Cintas provides uniform rental programs to businesses across the size spectrum, mostly in North America. The firm is by far the largest provider in the industry. Facilities products generally include the rental and sale of entrance mat, mops, shop towels, hand sanitizers, and restroom supplies. Cintas also runs a first aid and safety services business (11% of sales), a fire protection services business (6% of sales), and a uniform direct sales business (3% of sales).

Contact

6800 Cintas Boulevard, P.O. Box 625737
Cincinnati, OH, 45262-5737

T +1 513 459-1200

Sector Industrials

Industry Specialty Business Services

Most Recent Earnings Feb 28, 2022

Fiscal Year End May 31, 2022

Stock Type Cyclical

Employees 40,000

Cintas Corp's Related News

The Week Ahead: Heavy Hitters Cintas, FedEx, and Nike to Report

Packaged food companies to announce earnings, and data on personal income and spending for November will be released.

Charlotte Frank

10 Scary Stocks

These are the most overpriced stocks in our coverage universe today.

Susan Dziubinski

3 Unrated Large-Cap Dividend ETFs for Your Radar

The menu of dividend ETFs features something for every palate.

11 Stocks to Sell

These names are among the most expensive in our coverage universe.

Susan Dziubinski

7 Wide-Moat Stocks to Avoid--For Now

These large companies have sustainable competitive advantages, but their stocks are too pricey for our taste.

Susan Dziubinski

Stock Analyst Update

No Surprises From Cintas

The wide-moat company's impressive operational execution persists in terms of adding new programmers and boosting account penetration with ancillary services.

Stock Analyst Update

Cintas: Integration Will Be Dominant Theme, Short-Term

The G&K Services acquisition offers upside potential to our fair value on this wide-moat uniform rental specialist.

An Upgrade for This Leader in Uniform Rental

Although the current stock price is steep, wide-moat Cintas benefits from scale-based cost advantages and strong network infrastructure.

Credit Insights

The Rumors Were True: Eurogroup Agrees to Provide Loans to Recapitalize Spanish Banks

We continue to favor U.S. corporate bonds over European corporate bonds.

Stock Strategist Industry Reports

AMN Healthcare Still a Healthy Opportunity

Anemic conditions don't derail our upbeat thesis that this staffing firm remains a top pick in the employment services industry.

Credit Insights

New Issue Corporate Bond Market Reaches a Frenzied Pace

The draw of low interest rates combined with tight credit spreads keeps issuers coming back to the market for more.

How First Eagle Mixes Moats with Cigar Butts

First Eagle's Abhay Deshpande on the strategy behind portfolio holdings that fit the mold of Graham's cigar butts and others that are more Buffett-like.

John Coumarianos

Stock Strategist Industry Reports

Our Top Pick for a Recovering Job Market

We think one hidden gem could give investors a sweet payday.

Meet Our Newest Fund Analyst Pick

Find out why this fund's recent attention is well-deserved.

Investing Specialists

Peak Oil: Who Wins, Who Loses?

What increased oil scarcity means for E&P companies, alternative energy, transportation, utilities, labor, and even Coke and Pepsi.

Two New Wide Moat Firms, Two Downgrades

Morningstar's Pat Dorsey outlines recent changes to our wide moat stock list. See who made the cut and who dropped off.

Put These Top Managers to Work for You

How to employ our Fund Manager of the Decade nominees wisely.

John Coumarianos

A Uniform Route to a Wide-Moat Business

Cintas CFO Bill Gale on how the company navigated the downturn, adjusted to a service-oriented client base, and consistently manages better margins than its rivals.

Bigger Fish on Sale in the Recession

Morningstar 2008 Manager of the Year Charlie Dreifus discusses going up the market-cap ladder for three picks during the severe market downturn.

John Coumarianos

Quarter-End Insights

Our Take on the Second Quarter

As the rally eases off the gas pedal, we take stock of winners, losers, valuations, and the opportunities remaining.

John Coumarianos

Transparency is our policy. Learn how it impacts everything we do.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

How we make money

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your personal data

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

Verify your identity, personalize the content you receive, or create and administer your account.
Provide specific products and services to you, such as portfolio management or data aggregation.
Develop and improve features of our offerings.
Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

How we approach editorial content

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.