Cintas Reports Fiscal 2025 Q4 and Full-Year Financial Results
Cintas Corporation , a leader in corporate uniform and business services, has reported robust financial results for the fourth quarter and full fiscal year ending May 31, 2025. The company saw steady revenue growth, increased profitability, and continued strategic investment—all of which underscore Cintas’ strong market position and ongoing commitment to delivering shareholder value.
Fourth Quarter Fiscal 2025 Performance
Revenue for the fourth quarter reached $2.67 billion, an 8.0% increase from $2.47 billion reported in the same period last year. Notably, this growth came despite one fewer workday in the quarter compared to fiscal Q4 2024. Adjusted for workday differences, same workday revenue increased by 9.6%. On an organic basis—excluding the effects of acquisitions, currency fluctuations, and calendar changes—the company achieved a solid 9.0% growth rate.
Gross margin for the quarter climbed to $1.33 billion from $1.22 billion, marking a 9.1% year-over-year increase. Gross margin as a percentage of revenue rose by 50 basis points to 49.7%, compared to 49.2% in the fourth quarter of fiscal 2024. The improvement reflects the benefits of scale, efficiency initiatives, and continued investment in technology and operations.
Operating income for the quarter was $597.5 million, up from $547.6 million a year ago, an increase of 9.1%. Operating margin also improved slightly, rising from 22.2% in Q4 FY24 to 22.4% in Q4 FY25.
Net income came in at $448.3 million, an 8.2% increase from $414.3 million reported in the same quarter the previous year. Diluted earnings per share (EPS) rose 9.0% year-over-year to $1.09, up from $1.00. These figures reflect the impact of the four-for-one stock split that Cintas completed on September 11, 2024. The company’s effective tax rate was 22.1%, up from 21.4% in Q4 FY24, with both periods influenced by discrete tax events, primarily related to stock-based compensation.
Full-Year Fiscal 2025 Results
For the full fiscal year, Cintas reported revenue of $10.34 billion, a 7.7% increase over the $9.60 billion posted in fiscal 2024. The year included two fewer workdays compared to fiscal 2024. On a same workday basis, annual revenue increased 8.6%, while organic revenue growth for the year stood at 8.0%.
Cintas reported full-year operating income of $2.36 billion, compared to $2.07 billion in fiscal 2024—a year-over-year increase of 14.1%. The operating margin reached 22.8%, up from 21.6%, reflecting ongoing operational improvements and disciplined cost management.
Diluted EPS for the year was $4.40, up from $3.79 in fiscal 2024, representing a 16.1% increase. This growth in earnings per share reflects not only improved profitability but also the impact of strategic share repurchases and the September 2024 stock split.
Cash Flow and Capital Allocation
Cintas generated $2.17 billion in operating cash flow in fiscal 2025, a year-over-year increase from $2.07 billion. Capital expenditures totaled $408.9 million, or approximately 4.0% of total revenue. This spending primarily supported ongoing investments in automation, facilities, fleet upgrades, and digital infrastructure to enhance customer service and internal productivity.
Acquisitions also played a role in Cintas’ growth strategy, with $232.9 million spent acquiring complementary businesses throughout the year. These acquisitions were carefully selected to expand market presence, strengthen existing service lines, and unlock new growth opportunities.
In addition, Cintas returned significant capital to shareholders in fiscal 2025. The company paid out $611.6 million in dividends, a 15.2% increase over fiscal 2024, reflecting continued confidence in cash flow generation and earnings sustainability. Under its authorized share repurchase program, Cintas bought back 3.8 million shares of its common stock at an average price of $179.07 per share, totaling $679.3 million.
Leadership Commentary
Todd M. Schneider, Cintas’ President and Chief Executive Officer, expressed pride in the company’s performance:
“Our fourth quarter and full year results underscore the enduring strength of the Cintas value proposition. We achieved strong organic revenue growth and set all-time highs in gross margin and operating margin, driven by strategic investments in the business and the unwavering dedication of our employee-partners. By staying focused on operational excellence and making thoughtful investments, we continue to position Cintas for long-term success while returning capital to shareholders.”
Schneider also emphasized the critical role of Cintas’ workforce—referred to internally as “employee-partners”—in delivering these results. Their commitment to service excellence and customer satisfaction remains a foundational element of the company’s business model.
Outlook and Strategy
Cintas continues to focus on expanding its market-leading position in uniform rental, facility services, first aid and safety products, and fire protection services. The company is pursuing a multi-pronged growth strategy, which includes:
- Organic Growth: By deepening existing customer relationships and acquiring new clients across multiple sectors.
- Operational Efficiency: Through technology adoption, logistics improvements, and supply chain optimization.
- Strategic Acquisitions: That broaden geographic reach and enhance service capabilities.
- Shareholder Returns: Through consistent dividend growth and opportunistic share repurchases.
Although macroeconomic uncertainties persist, Cintas’ strong balance sheet, recurring revenue model, and commitment to operational execution provide a stable foundation for continued growth in fiscal 2026 and beyond.
Cintas Corporation capped off fiscal 2025 with record financial results, delivering growth across key performance metrics and reinforcing its status as a reliable performer in the business services industry. The company’s ability to generate strong earnings, expand margins, and return capital to shareholders—despite calendar headwinds—demonstrates the resilience of its business model and the effectiveness of its long-term strategy.
With a strong foundation, clear vision, and disciplined execution, Cintas appears well-positioned to sustain its momentum in the coming fiscal year and continue creating value for its stakeholders.
