Cintas Corporation
In the published model solve dated 2026-Q2, anchored at $204.18, Cintas Corporation (CTAS) is priced for today's economics sustained for ~5.6 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• About 95% of revenue arrives as route servicing fees, collected stop by stop at more than one million customer locations, with no single customer accounting for more than one percent of the total. • The price capitalizes the business at roughly 33 dollars of enterprise value for every dollar of operating profit, a level that needs operating income to compound at close to the 28% pace its own returns on capital can fund, and to hold that for about six years, against organic growth running near
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1,392 institutional managers reported holding CTAS in 13F filings for the quarter ended 2026-03-31. Together they hold about 63% of the company; the top 10 hold 30%. 107 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 12.1M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (5.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CTAS has cut its share count 3.2% over the past five years, spending $4.49B on repurchases. It pays a dividend, and has for 15 years running, raised 3 years straight; the current rate is $1.56 a share annually. Cash returned over the past three years: $1.66B in dividends and $2.57B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at CTAS over the trailing three years: 2025: 1 buy totaling $267k. 14 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CTAS's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-28 | +0.7% | -4.3% |
| 2023-10-06 | -4.8% | +12.2% |
| 2024-01-09 | +7.5% | +7.2% |
| 2024-04-06 | +8.5% | +1.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CTAS's latest 8-K filings: 2026-08-27 (items 5.02); 2026-08-03 (items 5.02, 9.01); 2026-07-15 (items 2.02, 9.01); 2026-06-12 (items 8.01); 2026-03-31 (items 1.01, 1.02, 2.03, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.