Cintas Corporation
Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels… Read more
Cintas Corporation (CTAS) - Net Assets
Latest net assets as of November 2025: $4.46 Billion USD
Based on the latest financial reports, Cintas Corporation (CTAS) has net assets worth $4.46 Billion USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.13 Billion) and total liabilities ($5.68 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.46 Billion |
| % of Total Assets | 43.97% |
| Annual Growth Rate | 11.6% |
| 5-Year Change | 27.02% |
| 10-Year Change | 154.22% |
| Growth Volatility | 12.09 |
Cintas Corporation - Net Assets Trend (1986–2025)
This chart illustrates how Cintas Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cintas Corporation (1986–2025)
The table below shows the annual net assets of Cintas Corporation from 1986 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-05-31 | $4.68 Billion | +8.53% |
| 2024-05-31 | $4.32 Billion | +11.71% |
| 2023-05-31 | $3.86 Billion | +16.80% |
| 2022-05-31 | $3.31 Billion | -10.29% |
| 2021-05-31 | $3.69 Billion | +13.99% |
| 2020-05-31 | $3.24 Billion | +7.74% |
| 2019-05-31 | $3.00 Billion | -0.46% |
| 2018-05-31 | $3.02 Billion | +30.99% |
| 2017-05-31 | $2.30 Billion | +24.97% |
| 2016-05-31 | $1.84 Billion | -4.65% |
| 2015-05-31 | $1.93 Billion | -11.88% |
| 2014-05-31 | $2.19 Billion | -0.39% |
| 2013-05-31 | $2.20 Billion | +2.92% |
| 2012-05-31 | $2.14 Billion | -7.10% |
| 2011-05-31 | $2.30 Billion | -9.13% |
| 2010-05-31 | $2.53 Billion | +7.04% |
| 2009-05-31 | $2.37 Billion | +5.03% |
| 2008-05-31 | $2.25 Billion | +3.99% |
| 2007-05-31 | $2.17 Billion | +3.71% |
| 2006-05-31 | $2.09 Billion | -0.66% |
| 2005-05-31 | $2.10 Billion | +11.45% |
| 2004-05-31 | $1.89 Billion | +14.68% |
| 2003-05-31 | $1.65 Billion | +15.63% |
| 2002-05-31 | $1.42 Billion | +15.63% |
| 2001-05-31 | $1.23 Billion | +18.07% |
| 2000-05-31 | $1.04 Billion | +19.68% |
| 1999-05-31 | $871.40 Million | +33.14% |
| 1998-05-31 | $654.50 Million | +27.73% |
| 1997-05-31 | $512.40 Million | +19.30% |
| 1996-05-31 | $429.50 Million | +17.90% |
| 1995-05-31 | $364.30 Million | +17.63% |
| 1994-05-31 | $309.70 Million | +16.91% |
| 1993-05-31 | $264.90 Million | +17.26% |
| 1992-05-31 | $225.90 Million | +21.71% |
| 1991-05-31 | $185.60 Million | +17.92% |
| 1990-05-31 | $157.40 Million | +17.55% |
| 1989-05-31 | $133.90 Million | +41.84% |
| 1988-05-31 | $94.40 Million | +21.49% |
| 1987-05-31 | $77.70 Million | +19.91% |
| 1986-05-31 | $64.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cintas Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 24176.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (May 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $11.80 Billion | 251.86% |
| Common Stock | $2.59 Billion | 55.36% |
| Other Comprehensive Income | $84.39 Million | 1.80% |
| Total Equity | $4.68 Billion | 100.00% |
Cintas Corporation Competitors by Market Cap
The table below lists competitors of Cintas Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EOG Resources Inc
NYSE:EOG
|
$65.92 Billion |
|
Natwest Group PLC
NYSE:NWG
|
$65.95 Billion |
|
AXA SA
OTCQX:AXAHF
|
$66.04 Billion |
|
The PNC Financial Services Group Inc
F:PNP
|
$66.17 Billion |
|
The Travelers Companies Inc
NYSE:TRV
|
$65.63 Billion |
|
National Grid plc
PINK:NGGTF
|
$65.35 Billion |
|
Nintendo Co. Ltd
PINK:NTDOF
|
$65.27 Billion |
|
Norfolk Southern Corporation
NYSE:NSC
|
$65.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cintas Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,316,372,000 to 4,684,481,000, a change of 368,109,000 (8.5%).
- Net income of 1,812,281,000 contributed positively to equity growth.
- Dividend payments of 611,627,000 reduced retained earnings.
- Share repurchases of 934,800,000 reduced equity.
- Other comprehensive income decreased equity by 6,812,000.
- Other factors increased equity by 109,067,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.81 Billion | +38.69% |
| Dividends Paid | $611.63 Million | -13.06% |
| Share Repurchases | $934.80 Million | -19.96% |
| Other Comprehensive Income | $-6.81 Million | -0.15% |
| Other Changes | $109.07 Million | +2.33% |
| Total Change | $- | 8.53% |
Book Value vs Market Value Analysis
This analysis compares Cintas Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 16.88x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 1344.42x to 16.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-05-31 | $0.14 | $192.74 | x |
| 1987-05-31 | $0.17 | $192.74 | x |
| 1988-05-31 | $0.21 | $192.74 | x |
| 1989-05-31 | $0.30 | $192.74 | x |
| 1990-05-31 | $0.31 | $192.74 | x |
| 1991-05-31 | $0.35 | $192.74 | x |
| 1992-05-31 | $0.40 | $192.74 | x |
| 1993-05-31 | $0.49 | $192.74 | x |
| 1994-05-31 | $0.55 | $192.74 | x |
| 1995-05-31 | $0.65 | $192.74 | x |
| 1996-05-31 | $0.72 | $192.74 | x |
| 1997-05-31 | $0.76 | $192.74 | x |
| 1998-05-31 | $1.00 | $192.74 | x |
| 1999-05-31 | $1.29 | $192.74 | x |
| 2000-05-31 | $1.54 | $192.74 | x |
| 2001-05-31 | $1.80 | $192.74 | x |
| 2002-05-31 | $2.07 | $192.74 | x |
| 2003-05-31 | $2.39 | $192.74 | x |
| 2004-05-31 | $2.67 | $192.74 | x |
| 2005-05-31 | $3.04 | $192.74 | x |
| 2006-05-31 | $3.10 | $192.74 | x |
| 2007-05-31 | $3.39 | $192.74 | x |
| 2008-05-31 | $3.61 | $192.74 | x |
| 2009-05-31 | $3.86 | $192.74 | x |
| 2010-05-31 | $4.14 | $192.74 | x |
| 2011-05-31 | $3.93 | $192.74 | x |
| 2012-05-31 | $4.11 | $192.74 | x |
| 2013-05-31 | $4.42 | $192.74 | x |
| 2014-05-31 | $4.51 | $192.74 | x |
| 2015-05-31 | $16.44 | $192.74 | x |
| 2016-05-31 | $4.19 | $192.74 | x |
| 2017-05-31 | $5.34 | $192.74 | x |
| 2018-05-31 | $27.47 | $192.74 | x |
| 2019-05-31 | $6.86 | $192.74 | x |
| 2020-05-31 | $7.56 | $192.74 | x |
| 2021-05-31 | $8.56 | $192.74 | x |
| 2022-05-31 | $7.84 | $192.74 | x |
| 2023-05-31 | $9.34 | $192.74 | x |
| 2024-05-31 | $10.44 | $192.74 | x |
| 2025-05-31 | $11.42 | $192.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cintas Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 38.69%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.53%
- • Asset Turnover: 1.05x
- • Equity Multiplier: 2.10x
- Recent ROE (38.69%) is above the historical average (20.05%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 17.44% | 9.14% | 0.95x | 2.02x | $4.82 Million |
| 1987 | 17.89% | 8.51% | 1.01x | 2.08x | $6.13 Million |
| 1988 | 18.22% | 8.41% | 1.14x | 1.91x | $7.76 Million |
| 1989 | 16.50% | 9.07% | 1.14x | 1.60x | $8.71 Million |
| 1990 | 16.90% | 9.35% | 1.12x | 1.61x | $10.86 Million |
| 1991 | 16.92% | 9.74% | 1.05x | 1.65x | $12.84 Million |
| 1992 | 17.35% | 9.76% | 1.11x | 1.60x | $16.61 Million |
| 1993 | 16.95% | 9.92% | 1.00x | 1.71x | $18.41 Million |
| 1994 | 16.86% | 9.98% | 1.04x | 1.62x | $21.23 Million |
| 1995 | 17.21% | 10.19% | 1.03x | 1.64x | $26.27 Million |
| 1996 | 17.51% | 10.30% | 1.09x | 1.56x | $32.25 Million |
| 1997 | 17.72% | 10.81% | 1.10x | 1.49x | $39.56 Million |
| 1998 | 18.78% | 10.26% | 1.18x | 1.56x | $57.45 Million |
| 1999 | 15.94% | 7.93% | 1.24x | 1.62x | $51.76 Million |
| 2000 | 18.54% | 10.17% | 1.20x | 1.52x | $89.10 Million |
| 2001 | 18.07% | 10.30% | 1.23x | 1.42x | $99.32 Million |
| 2002 | 16.45% | 10.31% | 0.90x | 1.77x | $91.88 Million |
| 2003 | 15.14% | 9.28% | 1.04x | 1.57x | $84.62 Million |
| 2004 | 14.42% | 9.67% | 1.00x | 1.49x | $83.41 Million |
| 2005 | 14.28% | 9.80% | 1.00x | 1.45x | $90.10 Million |
| 2006 | 15.67% | 9.61% | 0.99x | 1.64x | $118.38 Million |
| 2007 | 15.43% | 9.02% | 1.04x | 1.65x | $117.76 Million |
| 2008 | 14.88% | 8.52% | 1.03x | 1.69x | $109.99 Million |
| 2009 | 9.56% | 6.00% | 1.01x | 1.57x | $-10.38 Million |
| 2010 | 8.51% | 6.08% | 0.89x | 1.57x | $-37.78 Million |
| 2011 | 10.73% | 6.48% | 0.88x | 1.89x | $16.72 Million |
| 2012 | 13.91% | 7.26% | 0.99x | 1.95x | $83.72 Million |
| 2013 | 14.33% | 7.31% | 0.99x | 1.97x | $95.29 Million |
| 2014 | 17.08% | 8.23% | 1.02x | 2.03x | $155.16 Million |
| 2015 | 22.28% | 9.62% | 1.07x | 2.17x | $237.37 Million |
| 2016 | 37.64% | 14.14% | 1.16x | 2.30x | $509.25 Million |
| 2017 | 20.87% | 9.03% | 0.76x | 3.06x | $250.43 Million |
| 2018 | 27.93% | 13.01% | 0.93x | 2.31x | $540.93 Million |
| 2019 | 29.47% | 12.84% | 0.90x | 2.54x | $584.71 Million |
| 2020 | 27.08% | 12.36% | 0.89x | 2.47x | $552.52 Million |
| 2021 | 30.13% | 15.61% | 0.83x | 2.32x | $742.18 Million |
| 2022 | 37.35% | 15.73% | 0.93x | 2.55x | $904.94 Million |
| 2023 | 34.89% | 15.29% | 1.00x | 2.28x | $961.61 Million |
| 2024 | 36.41% | 16.38% | 1.01x | 2.20x | $1.14 Billion |
| 2025 | 38.69% | 17.53% | 1.05x | 2.10x | $1.34 Billion |
Industry Comparison
This section compares Cintas Corporation's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $732,736,900
- Average return on equity (ROE) among peers: 13.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cintas Corporation (CTAS) | $4.46 Billion | 17.44% | 1.27x | $65.89 Billion |
| All American Pet Co (AAPT) | $-3.37 Million | 0.00% | 0.00x | $0.97 |
| ABM Industries Incorporated (ABM) | $71.20 Million | 6.88% | 1.14x | $2.27 Billion |
| ADM Endeavors Inc (ADMQ) | $779.30K | 48.16% | 0.85x | $3.87 Million |
| Amentum Holdings Inc. (AMTM) | $3.30 Billion | -2.56% | 0.28x | $4.17 Billion |
| Anacomp Inc (ANMP) | $-561.00K | 0.00% | 0.00x | $976.94K |
| Rich Sparkle Holdings Limited Ordinary Shares (ANPA) | $901.42K | 90.05% | 4.47x | $31.42 Million |
| Applus Services S.A (APLUF) | $642.95 Million | 7.56% | 2.78x | $16.82 Million |
| ARC Document Solutions Inc (ARC) | $155.72 Million | 5.29% | 0.99x | $110.98 Million |
| Aramark Holdings (ARMK) | $3.04 Billion | 18.68% | 3.51x | $10.51 Billion |
| Atento S.A. (ATTOF) | $119.09 Million | -39.30% | 8.96x | $945.48 |