Cintas Corporation (CTAS)
Gross profit margin
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 5,174,160 | 5,021,920 | 4,849,850 | 4,714,700 | 4,604,140 | 4,519,170 | 4,405,930 | 4,286,830 | 4,173,370 | 4,030,785 | 3,894,909 | 3,757,600 | 3,632,246 | 3,545,101 | 3,456,463 | 3,391,206 | 3,314,651 | 3,163,421 | 3,178,300 | 3,210,807 |
| Revenue (ttm) | US$ in thousands | 10,340,180 | 10,143,470 | 9,940,480 | 9,755,880 | 9,596,620 | 9,410,150 | 9,193,970 | 8,991,650 | 8,815,770 | 8,605,990 | 8,376,540 | 8,123,960 | 7,854,460 | 7,615,430 | 7,431,950 | 7,266,720 | 7,116,350 | 6,900,270 | 6,933,860 | 7,020,560 |
| Gross profit margin | 50.04% | 49.51% | 48.79% | 48.33% | 47.98% | 48.02% | 47.92% | 47.68% | 47.34% | 46.84% | 46.50% | 46.25% | 46.24% | 46.55% | 46.51% | 46.67% | 46.58% | 45.84% | 45.84% | 45.73% |
May 31, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,174,160K ÷ $10,340,180K
= 50.04%
Cintas Corporation's gross profit margin has demonstrated a consistent upward trend over the analyzed period. Starting at 45.73% on August 31, 2020, the margin increased marginally in subsequent quarters, reflecting stable core profitability. Notably, the gross profit margin experienced modest fluctuations between approximately 45.8% and 46.7% from late 2020 through mid-2022, indicating operational stability with minor short-term variations.
From mid-2022 onward, the trend shows a gradual and sustained increase in gross profit margin, reaching approximately 47.92% on November 30, 2023. This upward trajectory continued through early 2024, attaining about 48.02% on February 29, 2024, and subsequently progressing to approximately 50.04% by May 2025. The steady rise suggests improvements in cost management, pricing strategies, or product mix that enhance gross profit efficiency.
Overall, the data indicates that Cintas has achieved a favorable and consistent enhancement in gross profit margin over the analyzed period, reflecting positively on the company's ability to control costs and optimize revenue generation at the gross profit level.
Peer comparison
May 31, 2025