Cintas Corporation (CTAS)
Operating profit margin
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,068,630 | 1,802,660 | 1,587,370 | 1,385,490 | 1,162,700 |
| Revenue | US$ in thousands | 9,596,620 | 8,706,250 | 7,777,990 | 7,040,630 | 7,085,120 |
| Operating profit margin | 21.56% | 20.71% | 20.41% | 19.68% | 16.41% |
May 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,068,630K ÷ $9,596,620K
= 21.56%
The operating profit margin of Cintas Corporation has exhibited a consistent and favorable trend over the past five years, reflecting the company's ability to efficiently generate profits from its operations. The margin increased from 16.41% in 2020 to 21.56% in 2024, indicating a steady improvement in the company's operational efficiency and cost management. This upward trajectory suggests that Cintas has been effectively controlling its operating expenses while growing its revenue, leading to higher profitability ratios. Overall, the rising trend in the operating profit margin signifies positive performance and financial health for Cintas Corporation.
Peer comparison
May 31, 2024