Cintas Corporation (CTAS)
Net profit margin
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,571,590 | 1,348,010 | 1,235,760 | 1,110,970 | 876,037 |
| Revenue | US$ in thousands | 9,596,620 | 8,706,250 | 7,777,990 | 7,040,630 | 7,085,120 |
| Net profit margin | 16.38% | 15.48% | 15.89% | 15.78% | 12.36% |
May 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $1,571,590K ÷ $9,596,620K
= 16.38%
The net profit margin of Cintas Corporation has shown a positive trend over the past five years. In the most recent fiscal year ending on May 31, 2024, the net profit margin improved to 16.38%, indicating that the company earned $0.16 in profit for every dollar of revenue generated. This represents an increase from the previous year's net profit margin of 15.48% and continues the overall upward trajectory observed since May 31, 2020. The consistent improvement in net profit margin suggests effective cost management and operational efficiency within Cintas Corporation, ultimately leading to higher profitability.
Peer comparison
May 31, 2024