Cintas Corporation (CTAS)

Pretax margin

May 31, 2025 Feb 28, 2025 Nov 30, 2024 Aug 31, 2024 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
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 2,264,202 2,215,926 2,125,688 2,033,863 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 1,104,524
Revenue (ttm) US$ in thousands 10,340,180 10,143,470 9,940,480 9,755,880 9,596,620 9,410,150 9,193,970 8,991,650 8,815,770 8,605,990 8,376,540 8,123,960 7,854,460 7,615,430 7,431,950 7,266,720 7,116,350 6,900,270 6,933,860 7,020,560
Pretax margin 21.90% 21.85% 21.38% 20.85% 20.57% 20.11% 19.74% 19.54% 19.21% 18.93% 19.05% 18.94% 19.08% 19.03% 18.38% 18.37% 18.10% 16.48% 16.22% 15.73%

May 31, 2025 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,264,202K ÷ $10,340,180K
= 21.90%

The pretax margin of Cintas Corporation has demonstrated a consistent upward trend across the analyzed periods. Starting at 15.73% as of August 31, 2020, the margin increased steadily over time, reaching 21.90% by May 31, 2025. This progression indicates ongoing improvements in the company's profitability before taxes. Notably, the margin experienced incremental increases, with minor fluctuations, reflecting a generally positive trajectory in operating efficiency and profit generation relative to sales. The gradual rise from approximately 15.7% to nearly 22% over nearly five years underscores an effective enhancement of cost management, pricing strategies, or both, contributing to improved financial performance. The continuous growth in pretax margin suggests that Cintas Corporation has been successful in increasing its profitability margins within the specified period.