Cintas Corporation (CTAS)

Net profit margin

		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	May 31, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019
Net income (ttm)	US$ in thousands	1,571,592	1,503,478	1,431,726	1,381,406	1,348,010	1,296,270	1,285,891	1,256,267	1,235,757	1,209,018	1,151,954	1,142,142	1,110,968	987,831	963,967	925,230	876,037	957,571	926,385	923,278
Revenue (ttm)	US$ in thousands	9,596,620	9,309,430	9,089,960	8,885,310	8,706,250	8,509,840	8,287,180	8,041,620	7,777,990	7,547,600	7,361,590	7,193,700	7,040,620	6,826,590	6,884,740	6,996,000	7,085,120	7,259,270	7,130,950	7,005,470
Net profit margin		16.38%	16.15%	15.75%	15.55%	15.48%	15.23%	15.52%	15.62%	15.89%	16.02%	15.65%	15.88%	15.78%	14.47%	14.00%	13.23%	12.36%	13.19%	12.99%	13.18%

May 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,571,592K ÷ $9,596,620K
= 16.38%

The net profit margin of Cintas Corporation has shown a generally positive trend over the past few quarters, ranging from 12.36% to 16.38%. This indicates that the company has been able to effectively manage its expenses relative to its revenue, resulting in consistent profitability. The average net profit margin over this period is approximately 15.25%.

It is worth noting that there was a slight decrease in the net profit margin from the previous quarter (Feb 29, 2024) to the most recent quarter (May 31, 2024). While this decrease is relatively small, it may be an area of focus for further analysis to understand any underlying factors affecting profitability in the current period. Overall, the consistent and relatively high net profit margins suggest that Cintas Corporation has been successful in controlling costs and generating profits.