Cintas Corporation (CTAS) - Net Assets
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. Check financial resilience of Cintas Corporation to evaluate the company's liquid asset resilience ratio.
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. Also explore total assets of Cintas Corporation for the complete picture of this company's asset base.
Annual Net Assets for Cintas Corporation (1986–2025)
The table below shows the annual net assets of Cintas Corporation from 1986 to 2025. For live valuation and market cap data, see Cintas Corporation stock valuation.
| 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 |
|---|---|
|
Vale S.A.
SA:VALE3
|
$68.00 Billion |
|
TC Energy Corp
TO:TRP
|
$68.30 Billion |
|
Barclays PLC
F:BCY2
|
$68.42 Billion |
|
China Telecom Corp Ltd
SHG:601728
|
$68.50 Billion |
|
Canadian National Railway Co
TO:CNR
|
$67.31 Billion |
|
Nippon Telegraph and Telephone Corporation
F:NLV
|
$67.23 Billion |
|
General Motors Company
NYSE:GM
|
$66.96 Billion |
|
Warner Bros Discovery Inc
NASDAQ:WBD
|
$66.91 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: 14.86x
- 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 1183.08x to 14.86x 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 | $169.61 | x |
| 1987-05-31 | $0.17 | $169.61 | x |
| 1988-05-31 | $0.21 | $169.61 | x |
| 1989-05-31 | $0.30 | $169.61 | x |
| 1990-05-31 | $0.31 | $169.61 | x |
| 1991-05-31 | $0.35 | $169.61 | x |
| 1992-05-31 | $0.40 | $169.61 | x |
| 1993-05-31 | $0.49 | $169.61 | x |
| 1994-05-31 | $0.55 | $169.61 | x |
| 1995-05-31 | $0.65 | $169.61 | x |
| 1996-05-31 | $0.72 | $169.61 | x |
| 1997-05-31 | $0.76 | $169.61 | x |
| 1998-05-31 | $1.00 | $169.61 | x |
| 1999-05-31 | $1.29 | $169.61 | x |
| 2000-05-31 | $1.54 | $169.61 | x |
| 2001-05-31 | $1.80 | $169.61 | x |
| 2002-05-31 | $2.07 | $169.61 | x |
| 2003-05-31 | $2.39 | $169.61 | x |
| 2004-05-31 | $2.67 | $169.61 | x |
| 2005-05-31 | $3.04 | $169.61 | x |
| 2006-05-31 | $3.10 | $169.61 | x |
| 2007-05-31 | $3.39 | $169.61 | x |
| 2008-05-31 | $3.61 | $169.61 | x |
| 2009-05-31 | $3.86 | $169.61 | x |
| 2010-05-31 | $4.14 | $169.61 | x |
| 2011-05-31 | $3.93 | $169.61 | x |
| 2012-05-31 | $4.11 | $169.61 | x |
| 2013-05-31 | $4.42 | $169.61 | x |
| 2014-05-31 | $4.51 | $169.61 | x |
| 2015-05-31 | $16.44 | $169.61 | x |
| 2016-05-31 | $4.19 | $169.61 | x |
| 2017-05-31 | $5.34 | $169.61 | x |
| 2018-05-31 | $27.47 | $169.61 | x |
| 2019-05-31 | $6.86 | $169.61 | x |
| 2020-05-31 | $7.56 | $169.61 | x |
| 2021-05-31 | $8.56 | $169.61 | x |
| 2022-05-31 | $7.84 | $169.61 | x |
| 2023-05-31 | $9.34 | $169.61 | x |
| 2024-05-31 | $10.44 | $169.61 | x |
| 2025-05-31 | $11.42 | $169.61 | 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: $541,411,172
- Average return on equity (ROE) among peers: -0.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cintas Corporation (CTAS) | $4.46 Billion | 17.44% | 1.27x | $67.83 Billion |
| ABM Industries Incorporated (ABM) | $61.90 Million | 11.47% | 1.78x | $2.47 Billion |
| Amentum Holdings Inc. (AMTM) | $415.22 Million | -75.55% | 14.44x | $6.26 Billion |
| Rich Sparkle Holdings Limited Ordinary Shares (ANPA) | $2.55 Million | 32.19% | 1.48x | $81.25 Million |
| Aramark Holdings (ARMK) | $3.72 Billion | 18.12% | 3.53x | $10.51 Billion |
| AZZ Incorporated (AZZ) | $375.91 Million | 15.85% | 1.54x | $4.12 Billion |
| Blacksky Technology Inc (BKSY) | $93.16 Million | -57.81% | 1.41x | $1.21 Billion |
| BUUU Group Limited Class A Ordinary Share (BUUU) | $1.34 Million | 62.16% | 0.93x | $210.15 Million |
| BrightView Holdings (BV) | $206.46 Million | -30.59% | 0.59x | $1.11 Billion |
| Cass Information Systems Inc (CASS) | $56.60 Million | 10.95% | 7.85x | $610.56 Million |
| CBIZ Inc (CBZ) | $480.02 Million | 8.35% | 1.33x | $1.52 Billion |
About 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