Cintas Corporation (CTAS)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,973,635 | 1,892,365 | 1,814,531 | 1,757,027 | 1,693,148 | 1,628,731 | 1,595,996 | 1,539,020 | 1,498,768 | 1,449,309 | 1,365,681 | 1,334,832 | 1,287,749 | 1,137,434 | 1,124,487 | 1,104,201 | 1,057,968 | 1,165,138 | 1,130,048 | 1,142,344 |
| 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 |
| Pretax margin | 20.57% | 20.33% | 19.96% | 19.77% | 19.45% | 19.14% | 19.26% | 19.14% | 19.27% | 19.20% | 18.55% | 18.56% | 18.29% | 16.66% | 16.33% | 15.78% | 14.93% | 16.05% | 15.85% | 16.31% |
May 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,973,635K ÷ $9,596,620K
= 20.57%
The pretax margin of Cintas Corporation has shown a generally positive trend over the periods provided. The pretax margin represents the percentage of each dollar of revenue that the company retains as profit before taxes.
From August 2019 to May 2024, the pretax margin has ranged from 14.93% to 20.57%, indicating the company's ability to efficiently control costs and generate profits from its operations. The upward trend in the pretax margin suggests that the company has been improving its operational efficiency and profitability over time.
The highest pretax margin was recorded in May 2024 at 20.57%, while the lowest was observed in August 2019 at 14.93%. This indicates a significant improvement in profitability over the period analyzed.
Overall, the increasing trend in the pretax margin of Cintas Corporation reflects the company's effective cost management, revenue growth, and operational performance, positioning it well for sustainable profitability in the future.
Peer comparison
May 31, 2024