CT

Cintas Corporation stock research

Feb 28, 2025

FY2025 Q3

Cintas (CTAS) Gross Margin — Quarter Ended Feb 28, 2025

For the quarter, revenue and cost of revenue were each reported at the same rounded amount, so gross profit equaled that amount and gross margin was above half. Compared to the preceding quarter, revenue and cost of revenue remained at the same rounded levels while gross margin improved; compared to the same quarter one year earlier, revenue was higher.

Gross margin takeaway

Quarter ended Feb 28, 2025 · FY2025 Q3

For the quarter, revenue and cost of revenue were each reported at the same rounded amount, so gross profit equaled that amount and gross margin was above half. Compared to the preceding quarter, revenue and cost of revenue remained at the same rounded levels while gross margin improved; compared to the same quarter one year earlier, revenue was higher.

  • The improvement in gross margin percentage from the prior quarter is the most notable change, occurring without any movement in the reported revenue or cost of revenue rounded figures.
  • Revenue was unchanged from the prior quarter at the same rounded level, and gross margin improved; year-over-year revenue was higher. Gross margin data for the year-ago quarter was not supplied.

Gross margin snapshot

The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.

Gross margin

50.6%

Gross profit

$1.3B

Revenue

$2.6B

Cost of revenue

$1.3B

Quarter-over-quarter change

+0.7 pts

Year-over-year change

n/a

Quarterly gross margin trend

A four-quarter view of the revenue and direct-cost bridge behind gross margin.

PeriodRevenueGross profitCost of revenueGross margin
Aug 31, 2024$2.5B$1.3B$1.2B50.1%
Nov 30, 2024$2.6B$1.3B$1.3B49.8%
Feb 28, 2025$2.6B$1.3B$1.3B50.6%

Quarterly comparisons

Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.

Previous-quarter change

Nov 30, 2024

+0.7 pts

Year-over-year change

Feb 29, 2024

n/a

What the margin says

Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.

The improvement in gross margin percentage from the prior quarter is the most notable change, occurring without any movement in the reported revenue or cost of revenue rounded figures.

Revenue was unchanged from the prior quarter at the same rounded level, and gross margin improved; year-over-year revenue was higher. Gross margin data for the year-ago quarter was not supplied.

Monitor operating cash flow trends, as the company describes them as a significant source of liquidity supporting operations and expansion.

CTAS Gross Margin — Quarter Ended Feb 28, 2025