Cintas Historical Income Statement
| CTAS Stock | USD 685.85 3.37 0.49% |
Historical analysis of Cintas income statement accounts such as Interest Expense of 134.3 M, Selling General Administrative of 2.9 B or Total Revenue of 10.6 B can show how well Cintas performed in making a profits. Evaluating Cintas income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Cintas's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Cintas latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Cintas is a good buy for the upcoming year.
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About Cintas Income Statement Analysis
Cintas Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Cintas shareholders. The income statement also shows Cintas investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Cintas Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Cintas generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Cintas minus its cost of goods sold. It is profit before Cintas operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Cintas. It is also known as Cintas overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Most accounts from Cintas' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Cintas current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cintas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Cintas Stock please use our How to Invest in Cintas guide.At this time, Cintas' EBITDA is comparatively stable compared to the past year. Cost Of Revenue is likely to gain to about 5.6 B in 2024, whereas Net Income From Continuing Ops is likely to drop slightly above 811.7 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.6B | 4.2B | 4.8B | 5.0B | Total Revenue | 7.9B | 8.8B | 10.1B | 10.6B |
Cintas income statement Correlations
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Cintas Account Relationship Matchups
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Cintas income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 380.0M | 388.4M | 399.9M | 410.9M | 472.5M | 496.1M | |
| Interest Expense | 105.4M | 98.2M | 88.8M | 111.2M | 127.9M | 134.3M | |
| Selling General Administrative | 2.1B | 1.9B | 2.0B | 2.4B | 2.7B | 2.9B | |
| Total Revenue | 7.1B | 7.1B | 7.9B | 8.8B | 10.1B | 10.6B | |
| Gross Profit | 3.2B | 3.3B | 3.6B | 4.2B | 4.8B | 5.0B | |
| Other Operating Expenses | 5.9B | 5.7B | 6.3B | 7.0B | 8.1B | 8.5B | |
| Operating Income | 1.2B | 1.4B | 1.6B | 1.8B | 2.1B | 2.2B | |
| Ebit | 1.2B | 1.4B | 1.6B | 1.8B | 2.1B | 2.2B | |
| Ebitda | 1.5B | 1.8B | 2.0B | 2.2B | 2.5B | 2.7B | |
| Cost Of Revenue | 3.9B | 3.8B | 4.2B | 4.6B | 5.3B | 5.6B | |
| Total Operating Expenses | 2.1B | 1.9B | 2.0B | 2.4B | 2.7B | 2.9B | |
| Income Before Tax | 1.1B | 1.3B | 1.5B | 1.7B | 1.9B | 2.0B | |
| Total Other Income Expense Net | (104.4M) | (97.7M) | (88.6M) | (109.5M) | (98.6M) | (93.6M) | |
| Net Income | 876.0M | 1.1B | 1.2B | 1.3B | 1.6B | 1.6B | |
| Income Tax Expense | 181.9M | 176.8M | 263.0M | 345.1M | 396.9M | 416.8M | |
| Net Income Applicable To Common Shares | 876.0M | 1.1B | 1.2B | 1.3B | 1.6B | 1.6B | |
| Net Income From Continuing Ops | 876.4M | 1.1B | 1.2B | 1.3B | 1.6B | 811.7M | |
| Research Development | 21.5M | 22.3M | 23.5M | 24.5M | 28.2M | 29.6M | |
| Non Operating Income Net Other | 988K | 467K | 242K | 1.7M | 1.5M | 1.5M | |
| Tax Provision | 181.9M | 176.8M | 263.0M | 345.1M | 396.9M | 240.6M | |
| Interest Income | 988K | 467K | 242K | 1.7M | 1.5M | 1.5M | |
| Net Interest Income | (104.4M) | (97.7M) | (88.6M) | (109.5M) | (98.6M) | (103.5M) | |
| Reconciled Depreciation | 379.1M | 388.0M | 399.7M | 409.2M | 470.5M | 379.0M |
Pair Trading with Cintas
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cintas position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cintas will appreciate offsetting losses from the drop in the long position's value.Moving together with Cintas Stock
| 0.82 | BV | BrightView Holdings Fiscal Year End 21st of November 2024 | PairCorr |
Moving against Cintas Stock
| 0.76 | DLHC | DLH Holdings Corp Fiscal Year End 4th of December 2024 | PairCorr |
| 0.66 | LZ | LegalZoom | PairCorr |
| 0.58 | DRVN | Driven Brands Holdings | PairCorr |
| 0.42 | VCIG | VCI Global Limited | PairCorr |
The ability to find closely correlated positions to Cintas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cintas when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cintas - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cintas to buy it.
The correlation of Cintas is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cintas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cintas moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cintas can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Cintas Stock Analysis
When running Cintas' price analysis, check to measure Cintas' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cintas is operating at the current time. Most of Cintas' value examination focuses on studying past and present price action to predict the probability of Cintas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cintas' price. Additionally, you may evaluate how the addition of Cintas to your portfolios can decrease your overall portfolio volatility.