Cintas Corporation (CTAS) - Net Assets
Based on the latest financial reports, Cintas Corporation (CTAS) has net assets worth $5.14 Billion USD as of May 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.53 Billion) and total liabilities ($5.39 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 CTAS capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.14 Billion |
| % of Total Assets | 48.82% |
| Annual Growth Rate | 11.55% |
| 5-Year Change | 55.37% |
| 10-Year Change | 123.2% |
| Growth Volatility | 11.94 |
Cintas Corporation - Net Assets Trend (1986–2026)
This chart illustrates how Cintas Corporation's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see CTAS market cap overview.
Annual Net Assets for Cintas Corporation (1986–2026)
The table below shows the annual net assets of Cintas Corporation from 1986 to 2026. Also explore CTAS net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-05-31 | $5.14 Billion | +9.72% |
| 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 26801.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (May 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $13.07 Billion | 254.36% |
| Common Stock | $2.85 Billion | 55.47% |
| Other Comprehensive Income | $84.47 Million | 1.64% |
| Total Equity | $5.14 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 |
|---|---|
|
Infineon Technologies AG
F:IFX
|
$79.92 Billion |
|
Sherwin-Williams Co
NYSE:SHW
|
$80.12 Billion |
|
ING Group NV ADR
NYSE:ING
|
$80.23 Billion |
|
State Bank of India
F:SID
|
$80.31 Billion |
|
ADVANTEST ADR NEW/1 O.N.
F:VANA
|
$79.38 Billion |
|
Mondelez International Inc
NASDAQ:MDLZ
|
$79.26 Billion |
|
TOKYO ELECTRON ADR 1/4/ON
F:TKY0
|
$79.22 Billion |
|
ANZ Group Holdings Ltd
AU:ANZ
|
$79.08 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 2025 to 2026, total equity changed from 4,684,481,000 to 5,139,887,000, a change of 455,406,000 (9.7%).
- Net income of 1,999,968,000 contributed positively to equity growth.
- Dividend payments of 701,485,000 reduced retained earnings.
- Share repurchases of 952,104,000 reduced equity.
- Other comprehensive income increased equity by 78,000.
- Other factors increased equity by 108,949,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.00 Billion | +38.91% |
| Dividends Paid | $701.49 Million | -13.65% |
| Share Repurchases | $952.10 Million | -18.52% |
| Other Comprehensive Income | $78.00K | +0.0% |
| Other Changes | $108.95 Million | +2.12% |
| Total Change | $- | 9.72% |
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: 15.72x
- 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 1387.74x to 15.72x 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 | $198.95 | x |
| 1987-05-31 | $0.17 | $198.95 | x |
| 1988-05-31 | $0.21 | $198.95 | x |
| 1989-05-31 | $0.30 | $198.95 | x |
| 1990-05-31 | $0.31 | $198.95 | x |
| 1991-05-31 | $0.35 | $198.95 | x |
| 1992-05-31 | $0.40 | $198.95 | x |
| 1993-05-31 | $0.49 | $198.95 | x |
| 1994-05-31 | $0.55 | $198.95 | x |
| 1995-05-31 | $0.65 | $198.95 | x |
| 1996-05-31 | $0.72 | $198.95 | x |
| 1997-05-31 | $0.76 | $198.95 | x |
| 1998-05-31 | $1.00 | $198.95 | x |
| 1999-05-31 | $1.29 | $198.95 | x |
| 2000-05-31 | $1.54 | $198.95 | x |
| 2001-05-31 | $1.80 | $198.95 | x |
| 2002-05-31 | $2.07 | $198.95 | x |
| 2003-05-31 | $2.39 | $198.95 | x |
| 2004-05-31 | $2.67 | $198.95 | x |
| 2005-05-31 | $3.04 | $198.95 | x |
| 2006-05-31 | $3.10 | $198.95 | x |
| 2007-05-31 | $3.39 | $198.95 | x |
| 2008-05-31 | $3.61 | $198.95 | x |
| 2009-05-31 | $3.86 | $198.95 | x |
| 2010-05-31 | $4.14 | $198.95 | x |
| 2011-05-31 | $3.93 | $198.95 | x |
| 2012-05-31 | $4.11 | $198.95 | x |
| 2013-05-31 | $4.42 | $198.95 | x |
| 2014-05-31 | $4.51 | $198.95 | x |
| 2015-05-31 | $4.11 | $198.95 | x |
| 2016-05-31 | $4.19 | $198.95 | x |
| 2017-05-31 | $5.34 | $198.95 | x |
| 2018-05-31 | $6.87 | $198.95 | x |
| 2019-05-31 | $6.86 | $198.95 | x |
| 2020-05-31 | $7.56 | $198.95 | x |
| 2021-05-31 | $8.56 | $198.95 | x |
| 2022-05-31 | $7.84 | $198.95 | x |
| 2023-05-31 | $9.34 | $198.95 | x |
| 2024-05-31 | $10.44 | $198.95 | x |
| 2025-05-31 | $11.42 | $198.95 | x |
| 2026-05-31 | $12.65 | $198.95 | 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): 38.91%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.75%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 2.05x
- Recent ROE (38.91%) is above the historical average (20.51%), 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 |
| 2026 | 38.91% | 17.75% | 1.07x | 2.05x | $1.49 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: $840,176,293
- Average return on equity (ROE) among peers: 10.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cintas Corporation (CTAS) | $5.14 Billion | 17.44% | 1.05x | $79.61 Billion |
| ABM Industries Incorporated (ABM) | $71.20 Million | 6.88% | 1.14x | $2.93 Billion |
| Amentum Holdings Inc. (AMTM) | $4.62 Billion | 1.43% | 1.48x | $4.91 Billion |
| Rich Sparkle Holdings Limited Ordinary Shares (ANPA) | $5.65 Million | 2.35% | 0.50x | $36.40 Million |
| Aramark Holdings (ARMK) | $903.71 Million | 7.67% | 10.36x | $15.18 Billion |
| AZZ Incorporated (AZZ) | $87.27 Million | 8.97% | 0.62x | $4.00 Billion |
| Blacksky Technology Inc (BKSY) | $-18.30 Million | 0.00% | 0.00x | $874.97 Million |
| BUUU Group Limited Class A Ordinary Share (BUUU) | $485.37K | 58.45% | 2.81x | $242.62 Million |
| BrightView Holdings (BV) | $1.80 Billion | 3.11% | 0.88x | $1.02 Billion |
| Cass Information Systems Inc (CASS) | $229.03 Million | 8.37% | 9.46x | $613.37 Million |
| CBIZ Inc (CBZ) | $702.62 Million | 11.14% | 1.22x | $1.81 Billion |
About Cintas Corporation
Cintas Corporation provides corporate identity uniforms and other garments 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 offers rental and servicing of uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items.… Read more