Stock Analysis on Net
Stock Analysis on Net

Cintas Corp. (NASDAQ:CTAS)

Common-Size Income Statement

Cintas Corp., common-size consolidated income statement

Microsoft Excel
12 months ended: May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021 May 31, 2020 May 31, 2019
Uniform rental and facility services 77.79 78.24 79.28 79.95 79.65 80.56
Other 22.21 21.76 20.72 20.05 20.35 19.44
Revenue 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of uniform rental and facility services -40.28 -41.20 -42.22 -41.92 -43.12 -43.93
Cost of other -10.89 -11.46 -11.53 -11.50 -11.24 -10.68
Cost of revenue -51.17% -52.66% -53.76% -53.42% -54.36% -54.61%
Gross margin 48.83% 47.34% 46.24% 46.58% 45.64% 45.39%
Selling and administrative expenses -27.28 -26.89 -26.03 -27.11 -29.23 -28.74
G&K Services, Inc. integration expenses 0.00 0.00 0.00 0.00 0.00 -0.21
Operating income 21.56% 20.45% 20.21% 19.47% 16.41% 16.45%
Gain on sale of a cost method investment 0.00 0.00 0.00 0.00 0.00 1.01
Interest income 0.06 0.02 0.00 0.01 0.01 0.02
Interest expense -1.05 -1.26 -1.13 -1.38 -1.49 -1.48
Income before income taxes 20.57% 19.21% 19.08% 18.10% 14.94% 15.99%
Income taxes -4.19 -3.92 -3.35 -2.48 -2.57 -3.19
Income from continuing operations 16.38% 15.29% 15.73% 15.61% 12.37% 12.81%
Income (loss) from discontinued operations, net of tax 0.00 0.00 0.00 0.00 0.00 0.03
Net income 16.38% 15.29% 15.73% 15.61% 12.36% 12.84%

Based on: 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Cintas Corp. operating income as a percentage of revenue increased from 2022 to 2023 and from 2023 to 2024.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Cintas Corp. income before income taxes as a percentage of revenue increased from 2022 to 2023 and from 2023 to 2024.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Cintas Corp. net income as a percentage of revenue decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.