Companies /Industrials

Cintas Corporation

NASDAQ: CTAS Specialty Business Services
$204.15
▼ $1.63 (−0.79%) today
Markets closed · 1:08am ET

Q3 2025 Earnings

Reported Mar 26, 2025, 8:31am ET · SEC source
$1.13
Beat +7.08%
EPS · est. $1.06
$2.6B
Beat +0.44%
Revenue · est. $2.6B
+4.9%
Beating market
CTAS vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−3%0+3%+6%Mar 26Mar 27report 8:31am ETearnings−1.2%+3.5%
−3%0+3%+6%Mar 26Mar 27earnings−1.2%+3.5%
CTAS +3.5%S&P 500 −1.2%
−3%0+3%+6%Mar 26Mar 27report 8:31am ETearnings−1.9%+3.5%
−3%0+3%+6%Mar 26Mar 27earnings−1.9%+3.5%
CTAS +3.5%NASDAQ −1.9%
−6%−3%0+3%Mar 25Apr 3report 8:31am ETearnings−5.3%+2.6%
−6%−3%0+3%Mar 25Apr 3earnings−5.3%+2.6%
CTAS +2.6%S&P 500 −5.3%
−8%−4%0+4%Mar 25Apr 3report 8:31am ETearnings−7.1%+2.6%
−8%−4%0+4%Mar 25Apr 3earnings−7.1%+2.6%
CTAS +2.6%NASDAQ −7.1%
+5.82%
Day of report
+0.75%
Next session
+1.93%
One week
+1.74%
30 days

S&P 500 over the same 30 days: −3.12%.

Did CTAS Beat Earnings? Q3 2025 Results

Cintas delivered a clean beat across the board in fiscal Q3 2025, posting diluted EPS of $1.13 against a consensus estimate of $1.06, a 7.08% positive surprise, while revenue of $2.61 billion edged past the $2.60 billion consensus by 0.44% and grew 8.4% year-over-year. The quarter's standout driver was meaningful margin expansion, with gross margin widening 120 basis points to 50.6% as both major business segments improved profitability, helping lift operating income 17.1% to $609.85 million. Broad-based segment strength reinforced the headline numbers, with First Aid and Safety Services leading growth at 14.9% to $301.76 million in revenue, while the core Uniform Rental and Facility Services business grew 7.7% to $2.02 billion. Management cited ongoing investments in technology and automation as contributors to operational efficiency and margin improvement. Looking ahead, Cintas raised its full-year diluted EPS guidance to $4.36 to $4.40 and narrowed its revenue range to $10.28 billion to $10.30 billion, though foreign currency headwinds are expected to shave roughly $16 million from second-half revenue.

Key Takeaways
  • Organic revenue growth of 7.9% in Q3 driven by strong customer demand
  • Gross margin expansion of 120 basis points to 50.6%
  • First Aid and Safety Services segment revenue growth of 14.9%
  • Acquisitions contributed 0.9% to revenue growth
  • $15.0 million gain on sale of property and equipment boosted operating income
  • Selling and administrative expense leverage despite 6.4% increase

“Cintas delivered strong revenue growth, operating margins and cash flow generation in the third quarter. Our results are a testament to superb execution by our employee-partners and the differentiated value proposition we offer to our customers in providing for their image, safety, cleanliness and compliance needs.”

Cintas CEO, on the earnings call

Forward Guidance & Outlook

Cintas updated its fiscal 2025 full-year guidance. Revenue expectations were narrowed to $10.280 billion–$10.305 billion (from $10.255 billion–$10.320 billion), with the top-end reduction of $15 million reflecting negative foreign currency impacts. The organic revenue growth rate range was raised at the low end to 7.4%–7.7% (from 7.0%–7.7%). Diluted EPS guidance was raised to $4.36–$4.40 (from $4.28–$4.34), representing 15.0%–16.1% growth versus fiscal 2024. Fiscal 2025 net interest expense is expected to be approximately $100 million, and the effective tax rate is expected to be 20.2%. Guidance assumes no future acquisitions, no future share buybacks, and no significant economic disruption or downturn. Foreign currency headwinds are expected to negatively impact second-half revenue by approximately 0.4% or $16 million.

CTAS YoY Financials

Revenue$2.6B
Gross Profit$1.3B
Operating Income$609.9M
Net Income$463.5M

CTAS Revenue by Segment

Uniform Rental and Facility Services$2.0B+7.7%
First Aid and Safety Services$301.8M+14.9%
All Other$286.3M

Figures from SEC filings and company reports. Not investment advice.