Cintas Corporation (CTAS)
Pretax margin
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,973,640 | 1,693,150 | 1,498,770 | 1,287,750 | 1,057,970 |
| Revenue | US$ in thousands | 9,596,620 | 8,706,250 | 7,777,990 | 7,040,630 | 7,085,120 |
| Pretax margin | 20.57% | 19.45% | 19.27% | 18.29% | 14.93% |
May 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,973,640K ÷ $9,596,620K
= 20.57%
The pretax margin of Cintas Corporation has shown a generally positive trend over the past five years. The company's pretax margin increased from 14.93% in May 2020 to 20.57% in May 2024, indicating an improving profitability before accounting for taxes. This signifies that the company has been successful in effectively controlling its operational costs and generating higher revenues relative to its expenses over the years. Consistent growth in pretax margin reflects Cintas Corporation's operational efficiency and ability to generate stronger earnings from its core business activities. It suggests that the company has been effectively managing its operations and is on a sustainable path toward profitability.
Peer comparison
May 31, 2024