Cintas Corporation — Earnings Quality Grade F
CTAS · Industrials
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 50 days, change +3 days YoY
AR growth 13.9% exceeds revenue growth 7.7%
Revenue 7.7%, CFFO 4.7%. Cash follows revenue
Expense Quality
Inventory 9.3% vs COGS 5.2%. Normal
CapEx growth -0.1% vs revenue 7.7%. Normal
SG&A/Gross Profit = 54.4%. Normal
Gross margin 50.0%, change +1.2pp. Stable
Cash Flow Quality
CFFO/NI = 1.20. Profits backed by cash
FCF $1.8B, FCF/NI = 0.97
Accruals ratio = -3.6%. Low accruals
Cash $0.3B covers only 10% of debt $2.7B
Balance Sheet Health
Goodwill+Intangibles $3.7B = 79% of equity. Over 50%
Debt/EBITDA = 0.9x. Healthy
Other assets 15.3% vs revenue 7.7%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 5% YoY. Normal
Manipulation Score
M-Score = -2.54 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-08