Summary of Cintas Corporation

Business Overview

• Type of Business: Cintas is a provider of corporate identity products and services, primarily in the U.S., with operations also in Canada and Latin America.
• Core Offerings:
  • Uniform rental and sales (including flame-resistant clothing)
  • Mats, mops, shop towels
  • Restroom supplies and sanitation services
  • Workplace water services
  • First aid and safety products
  • Safety training services
  • Fire protection equipment (fire extinguishers, sprinkler systems, alarm testing)
• Brand Promise: Helps over one million businesses "get READY™" to operate confidently each day by maintaining facilities and employee safety, cleanliness, and professional image.

Business Segments

• Uniform Rental and Facility Services
  • Rental and servicing of uniforms, flame-resistant clothing, mats, mops, towels, restroom supplies, and ancillary items.
  • Includes restroom cleaning and supplies, and catalog sales.
• First Aid and Safety Services
  • First aid products and services, workplace water services.
• All Other Operations
  • Fire Protection Services (fire extinguishers, sprinkler systems, alarm testing)
  • Uniform Direct Sales (selling uniforms directly, outside of rental service)

Key Metrics (Fiscal Year 2025)

• Total Revenue: $10.34 billion
  • Uniform Rental and Facility Services: $7.98 billion
  • First Aid and Safety Services: $1.22 billion
  • All Other: $1.15 billion
• Number of Customers: Over one million businesses of all types and sizes
• Employees: Approximately 48,300 worldwide
• Outstanding Shares: 402,977,926 shares
• Market Capitalization (as of Nov 30, 2024): ~$91.1 billion (based on share price of $225.79)
• Revenue Growth: 7.7% increase from prior year (organic growth of 8.0%)

Financial Highlights

• Net Income (Fiscal Year 2025): approximately $1.81 billion
• Diluted Earnings Per Share: $4.40 (up from $3.79 in 2024)
• Profitability: Operating income margin around 22.8%
• Dividends:
  • Declared quarterly dividends of $0.39 per share in FY2025
  • Total dividends paid in FY2025: approximately $632 million

Operational Details

• Facilities and Distribution:
  • Facilities: 478 operational facilities + 12 distribution centers + 5 manufacturing facilities
  • Delivery Routes: About 12,100 local delivery routes
  • Vehicles: Roughly 22,900 leased or owned vehicles
• Supply Chain & Sourcing:
  • Sources finished products from many outside suppliers
  • Operates five manufacturing facilities
  • Sourcing is global, with a focus on responsible sourcing and supplier standards
• Regulatory & Environmental:
  • Subject to environmental laws (Clean Water Act, Clean Air Act, etc.)
  • Committed to environmental sustainability, with annual water treatment and waste removal expenditures (~$29 million in FY2025)
• Cybersecurity & Data Security:
  • Practices extensive cybersecurity measures
  • Regularly assesses third-party vendors for cybersecurity risks
  • Managed by a dedicated Chief Information Security Officer (CISO)

Growth & Strategy

• Focus on increasing penetration among existing customers and expanding into new market segments.
• Geographic expansion and strategic acquisitions support growth.
• Consistent focus on safety, environmental responsibility, technology investments, and employee development.

In summary:
Cintas is a leading service provider specializing in uniform rental and related business services, with over one million corporate clients, nearly 50,000 employees, and annual revenues exceeding $10 billion. It operates through two main segments—uniform/facility services and first aid/safety services—delivering products and services designed to help businesses operate safely, professionally, and efficiently.