Cintas (CTAS) 10-K Summary — Year Ended May 31, 2023

The filing details the company's operations and financial results for the most recent annual period. Revenue grew compared to the prior year, while operating income and net income remained substantial.

Key takeaway

Year ended May 31, 2023 · FY2025 10-K

Financial snapshot

Selected annual figures reported with the filing, shown separately from the narrative summary.

Annual revenue

$8.8B

Revenue reported for the fiscal year.

Operating income

$1.8B

Income from operations reported for the year.

Net income

$1.3B

Net income reported for the year.

Operating cash flow

$1.6B

Cash generated by operating activities.

Annual revenue trend

Reported annual revenue and its change from the preceding fiscal year.

Period ended	Revenue	Year-over-year change
May 31, 2021	$7.1B	n/a
May 31, 2022	$7.9B	+10.4%
May 31, 2023	$8.8B	+12.2%

Business overview

The filing's business section (Item 1) describes the company's operations, but the provided context does not contain the specific details. The company is known for its uniform rental and facility services.

Financial performance

Revenue increased from the previous year, and operating income and net income were reported at positive levels. Operating cash flow provided a strong source of liquidity.

Material risks

The filing identifies risk factors in Item 1A, including those common to its industry and operations. These risks encompass economic conditions, competition, and supply chain disruptions.

Liquidity and capital

Operating cash flows historically serve as a primary liquidity source, supplemented by a revolving credit facility. Cash is used for operations, expansion, dividends, and share repurchases.

What to watch

The trajectory of operating cash flow relative to investing and financing activities should be monitored in the next filing.