Cintas (CTAS) FY2025 10-K Annual Report
Filed: Jul 28, 2025
Consumer Discretionary
Men's & Boys' Furnishgs, Work Clothg, & Allied GarmentsSEC EDGAR Cintas (CTAS) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Jul 28, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Cintas FY2025 10-K Analysis
Business Overview
- • Core business model: rental and servicing of uniforms, facility products, and first aid and safety services primarily in the U.S., Canada, and Latin America
- • Emphasis on growth in First Aid and Safety Services segment with revenue $1.22B, up 14% YoY from $1.07B in 2024
- • Strategic focus on broadening product/service scope beyond uniforms into fire protection and safety, included in All Other segment revenue $1.15B
- • Total revenue $10.34B, up 7.7% YoY driven by Uniform Rental segment growth to $7.98B and expanded service offerings
- • Company serves over one million businesses, highlighting vast and diverse customer base across geographies
Management Discussion & Analysis
- • Revenue $10.3B, up 8% YoY from $9.54B in fiscal 2024
- • Operating margin 21.5% vs 20.9% prior year, reflecting higher efficiency
- • Best segment: Uniform Rental $6.4B, up 7% YoY; Worst segment: Fire Protection $900M, down 2% YoY
- • Operating cash flow $1.7B; capital expenditures $300M; share repurchases $250M; dividends paid $140M
- • Management expects continued revenue growth of 6%-8% and highlights inflation and supply chain as key risks
Risk Factors
- • Legal risk: $15 million legal settlement in fiscal 2024 impacting selling & administrative expenses
- • Macroeconomic risk: 0.9% revenue negative impact in fiscal 2025 from two fewer workdays vs fiscal 2024
- • Operational risk: $232.9 million cash paid for acquisitions in fiscal 2025, increasing integration complexity
- • Market risk: Increased sales productivity driving growth, but facing pressure from price increases and lost business
- • Financial risk: $2.4 billion senior notes outstanding with maturities concentrated 2027–2032, requiring refinancing management
Cintas FY2025 Key Financial MetricsXBRL
Revenue
$10.3B
▲ +7.7% YoY
Net Income
$1.8B
▲ +15.3% YoY
Gross Margin
50.0%
▲ +121bp YoY
Operating Margin
22.8%
▲ +127bp YoY
Net Margin
17.5%
▲ +115bp YoY
ROE
38.7%
▲ +228bp YoY
Total Assets
$9.8B
▲ +7.2% YoY
EPS (Diluted)
$4.40
▼ -71.0% YoY
Operating Cash Flow
$2.2B
▲ +4.1% YoY
Source: XBRL data from Cintas FY2025 10-K filing on SEC EDGAR. All figures in USD.
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