CTAS Cintas Corporation - Common Stock
$204.19
Price · Aug 19, 2026
Fundamentals as of Jul 29, 2026
52W Range
$161–$219
74% of range
Analyst Rating
HOLD
27 analysts
Price Target
$216
+6% upside
P/E (TTM)
41.6
ROE
41.7%
Net Profit Margin
17.8%
About Cintas Corporation - Common Stock Company overview from Wikipedia
Cintas Corporation is an American corporation headquartered in Mason, Ohio, which provides a range of products and services to businesses including uniforms, mats, mops, cleaning and restroom supplies, first aid and safety products, fire extinguishers and testing, and safety courses. Cintas is a publicly held company traded on the Nasdaq Global Select Market under the symbol CTAS and is a component of the S&P 500 Index.
Read more
Cintas Corporation () is an American corporation headquartered in Mason, Ohio, which provides a range of products and services to businesses including uniforms, mats, mops, cleaning and restroom supplies, first aid and safety products, fire extinguishers and testing, and safety courses. Cintas is a publicly held company traded on the Nasdaq Global Select Market under the symbol CTAS and is a component of the S&P 500 Index.
The company is one of the largest in the industry with 44,500 employees in 2023. In 2020, the company reported $7.09 billion in total revenue.
History
Early company years
Cintas Corporation began in 1929 as the Acme Industrial Laundry Company by Richard (Doc) Farmer and Amelia Farmer. They collected old, used rags from factories, laundered them, and sold them back to businesses. In the early 1940s, Doc's son Hershell, took over and replaced the old rags with shop towels, becoming a service company. By then, the company's name had changed to Acme Wiper and Industrial Laundry.
Hershell's son, Richard "Dick" Farmer, joined the family business in 1957 after graduating from Miami University in Oxford, Ohio. Acme had just 12 employees at the time. In 1959, Hershell handed the business over to Dick, allowing him to expand into uniform rental. The company became Acme Uniform and Towel Supply in 1964. Dick worked with Celanese Corporation, Graniteville, and Redkap to develop a 65/35 Polycotton fabric blend. In 1968, Dick Farmer founded the Satellite Corporation. He opened the first location in Cleveland and the companies merged in 1970. In 1972, the company changed its name to Cintas and then went public in 1983.
Cintas expanded its uniform services into Canada with the acquisition of Cadet Uniform Service Ltd in 1995. Bob Kohlhepp became CEO in 1996, while Dick Farmer became chairman of the board. In 1997, Cintas entered the First Aid & Safety business. In July 1998, Dick Farmer's son Scott Farmer, who has been employed at the company since 1981, became president and chief operating officer.
2000s to present
In 2002, Cintas acquired a number of companies, including uniform rental company Omni Services, and first-aid companies Petragon, American First Aid, and Respond Industries. Cintas has hosted an annual America's Best Restroom® Contest since 2002. In 2003, Cintas acquired Kamp Fire Equipment, a distributor of fire safety products and services.
UNITE HERE was the subject of a ruling that was subsequently upheld by the U.S. Court of Appeals for the Third Circuit. The court ruled that the labor union violated the privacy of thousands of Cintas employees in Pennsylvania, by illegally obtaining their license plate numbers in order to access their home addresses and other personal information. Another investigation involved the March 2007 death of a Tulsa, Oklahoma employee. Both unions and several Members of Congress called for stricter health and safety standards at Cintas laundry facilities.
Phillip Holloman became president and COO in 2008. Dick Farmer then became chairman emeritus, and Bob Kohlhepp became chairman of the board.
In 2015, Cintas acquired Zee Medical from McKesson Corporation for approximately $130 million. In 2016, CEO Scott Farmer became chairman of the board. In 2017, Cintas made their largest acquisition with G&K Services for $2.2 billion. Cintas has been included on the Fortune 500 list six years in a row, in 2018, 2019, 2020, 2021, 2022, and 2023. In 2021, Scott Farmer retired as CEO, retaining his position as executive chairman. Todd Schneider, former executive vice president and COO, was selected to replace Farmer.
On August 5, 2021, founder Dick Farmer died. In January 2025, Cintas announced plans to acquire UniFirst Corporation after repeated rejections, first dating back to February 2022. Discussions ceased in March after disagreements about the proposal. In March 2026, Cintas agreed to acquire UniFirst in a deal worth $5.5 billion.
=== Acquisition history ===
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
CTAS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$204.19
Market Cap
$81.71B
P/E (TTM)
41.6
EPS (TTM)
$4.91
Revenue (TTM)
$11.26B
Div Yield
0.86%
ROE
41.7%
Debt/Equity
0.5
52W Range
$161 – $219
CTAS Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$11.26B
2023-05-31
→
2026-05-31
EPS
$4.91
2023-05-31
→
2026-05-31
Free Cash Flow
$1.88B
2023-05-31
→
2026-05-31
Margins
17.8%
2023-05-31
→
2026-05-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
CTAS
Peer Median
P/E (TTM)
41.6
28.1
P/S (TTM)
7.3
2.0
P/B
15.9
2.9
EV / EBITDA
26.9
—
Price / FCF
43.4
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
CTAS
Peer Median
Gross Margin
50.7%
45.9%
Operating Margin
23.1%
—
Net Profit Margin
17.8%
4.6%
ROA
19.7%
4.4%
ROE
41.7%
8.4%
ROIC
27.5%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
CTAS
Peer Median
Debt / Equity
0.5
1327.4
Current Ratio
1.4
1.8
Quick Ratio
0.7
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
CTAS
Peer Median
Revenue YoY
8.9%
—
Revenue CAGR 3Y
8.5%
—
Revenue CAGR 5Y
9.6%
—
EPS YoY
11.6%
—
Net Income YoY
10.4%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
CTAS
Peer Median
Payout Ratio
35.1%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
0.86%
Payout Ratio
35.1%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| Aug. 14, 2026 | $0.5200 |
| May 15, 2026 | $0.4500 |
| Feb. 13, 2026 | $0.4500 |
| Nov. 14, 2025 | $0.4500 |
| Aug. 15, 2025 | $0.4500 |
| May 15, 2025 | $0.3900 |
| Feb. 14, 2025 | $0.3900 |
| Nov. 15, 2024 | $0.3900 |
| Aug. 15, 2024 | $0.3900 |
| May 14, 2024 | $0.3375 |
| Feb. 14, 2024 | $0.3375 |
| Nov. 14, 2023 | $0.3375 |
| Aug. 14, 2023 | $0.3375 |
| May 12, 2023 | $0.2875 |
| Feb. 14, 2023 | $0.2875 |
| Nov. 14, 2022 | $0.2875 |
| Aug. 12, 2022 | $0.2875 |
| May 13, 2022 | $0.2375 |
| Feb. 14, 2022 | $0.2375 |
| Nov. 12, 2021 | $0.2375 |
CTAS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
27 analysts
- Strong Buy 6 22.2%
- Buy 9 33.3%
- Hold 11 40.7%
- Sell 0 0.0%
- Strong Sell 1 3.7%
12-Month Price Target
16 analysts · 2026-08-15
Median
$219.50
Now
$204.19
Low
$175.00
High
$250.00
Median target
$219.50
+7.5%
Mean target
$216.31
+5.9%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.01%
Next Report
Sep 22, 2026
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.30 | $1.26 | 0.04% |
| March 31, 2026 | $1.24 | $1.26 | -0.02% |
| Dec. 31, 2025 | $1.21 | $1.22 | -0.01% |
| Sept. 30, 2025 | $1.20 | $1.21 | -0.01% |
| June 30, 2025 | $1.09 | $1.09 | -0.00% |
| March 31, 2025 | $1.13 | $1.08 | 0.05% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| CTAS | $68.53B | 34.9 | 8.9% | 17.8% | 41.7% | 50.7% |
| CPRT | $43.86B | 28.5 | 9.7% | 33.4% | 18.6% | — |
| UNF | — | 22.3 | 0.20% | 6.1% | 6.9% | — |
| OPLN | $3.16B | -31.0 | 8.2% | 9.2% | 13.4% | — |
| VSTS | $666M | -16.3 | -2.5% | -1.5% | -4.6% | — |
| HCSG | $1.33B | 23.6 | 7.1% | 3.2% | 12.0% | — |
| ACVA | $1.39B | -20.6 | 19.2% | -8.7% | -15.1% | — |
| LQDT | $1.02B | 31.5 | 31.2% | 5.9% | 14.1% | 43.8% |
| CVEO | $261M | -14.4 | -6.3% | -3.1% | -9.8% | 23.6% |
| BAER | — | — | — | — | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.26B | $10.34B | $9.60B | $8.82B | $7.85B | $7.12B | $7.09B | $6.89B | · | $5.32B | $4.80B | |
| Cost of Revenue | $5.56B | $5.17B | $4.91B | $4.64B | · | · | · | · | · | · | · | |
| Gross Profit | $5.71B | $5.17B | $4.69B | $4.17B | $3.63B | $3.31B | $3.23B | $3.13B | · | $2.38B | $2.10B | |
| SG&A Expense | $3.09B | $2.81B | $2.62B | $2.37B | $2.04B | $1.93B | $2.07B | $1.98B | · | $1.53B | $1.33B | |
| Operating Income | $2.61B | $2.36B | $2.07B | $1.80B | $1.59B | $1.39B | $1.16B | $1.13B | · | $774M | $769M | |
| Interest Expense | · | · | · | $111M | $89M | $98M | $105M | $102M | · | $87M | $65M | |
| Interest Income | $5M | $6M | $6M | $2M | $242.0K | $467.0K | $988.0K | $1M | · | $237.0K | $896.0K | |
| Pretax Income | $2.51B | $2.26B | $1.97B | $1.69B | $1.50B | $1.29B | $1.06B | $1.10B | · | $687M | $705M | |
| Income Tax | $505M | $452M | $402M | $345M | $263M | $177M | $182M | $220M | · | $230M | $257M | |
| Net Income | $2.00B | $1.81B | $1.57B | $1.35B | $1.24B | $1.11B | $876M | $885M | · | $481M | $694M | |
| EPS (Basic) | $4.97 | $4.48 | $3.85 | $3.30 | $11.92 | $10.52 | $8.36 | $8.25 | · | $4.49 | $6.30 | |
| EPS (Diluted) | $4.91 | $4.40 | $3.79 | $3.25 | $11.65 | $10.24 | $8.11 | $7.99 | · | $4.38 | $6.21 | |
| Shares (Basic) | 401,267,000 | 403,530,000 | 406,612,000 | 406,580,000 | 103,172,000 | 104,874,000 | 103,816,000 | 106,080,000 | · | 104,964,000 | 108,221,000 | |
| Shares (Diluted) | 406,197,000 | 410,286,000 | 413,468,000 | 413,508,000 | 105,523,000 | 107,707,000 | 107,012,000 | 109,495,000 | · | 107,783,000 | 109,956,000 | |
| EBITDA | $3.12B | $2.85B | $2.51B | $2.21B | $1.99B | $1.77B | $1.54B | $1.49B | · | $970M | $947M |
Balance Sheet 28
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $289M | $264M | $342M | $124M | $90M | $494M | $145M | $97M | · | $169M | $139M | |
| Short-term Investments | · | · | · | · | · | · | · | · | · | $22M | · | |
| Receivables | $1.56B | $1.42B | $1.24B | $1.15B | $1.01B | $902M | $870M | $910M | $818M | $736M | $546M | |
| Inventory | $446M | $447M | $410M | $507M | $472M | $482M | $409M | $335M | $269M | $278M | $249M | |
| Prepaid Expense | $286M | $170M | $149M | $143M | $125M | $134M | $115M | $103M | $96M | $30M | $26M | |
| Current Assets | $3.85B | $3.44B | $3.19B | $2.94B | $2.63B | $2.84B | $2.31B | $2.24B | $2.04B | $1.95B | $1.59B | |
| PP&E (Net) | $1.74B | $1.65B | $1.53B | $1.40B | $1.32B | $1.32B | $1.40B | $1.43B | · | $1.32B | $994M | |
| PP&E (Gross) | $4.80B | $4.49B | $4.12B | $3.76B | $3.54B | $3.37B | $3.31B | $3.19B | · | $2.84B | $2.41B | |
| Accum. Depreciation | $3.06B | $2.84B | $2.58B | $2.36B | $2.21B | $2.06B | $1.91B | $1.76B | · | $1.52B | $1.42B | |
| Goodwill | $3.54B | $3.40B | $3.21B | $3.06B | $3.04B | $2.91B | $2.87B | $2.84B | · | $2.78B | $1.28B | |
| Intangibles | $707M | $694M | $690M | $701M | $719M | $408M | $452M | $495M | · | $587M | $78M | |
| Other Non-current Assets | $394M | $463M | $425M | $383M | $344M | $310M | $261M | $240M | $217M | $32M | $14M | |
| Total Assets | $10.53B | $9.83B | $9.17B | $8.55B | $8.15B | $8.24B | $7.67B | $7.44B | $7.21B | $6.84B | $4.10B | |
| Accounts Payable | $461M | $485M | $339M | $302M | $252M | $231M | $231M | $226M | · | $177M | $111M | |
| Accrued Liabilities | $889M | $875M | $761M | $633M | $589M | $519M | $457M | $434M | · | $430M | $343M | |
| Short-term Debt | · | · | · | · | · | $0 | $0 | $312M | · | $50M | $0 | |
| Current Liabilities | $2.69B | $1.64B | $1.83B | $1.23B | $1.43B | $1.93B | $885M | $1.13B | · | $1.13B | $816M | |
| Capital Leases | $221M | $179M | $147M | $138M | $129M | $131M | $123M | · | · | · | · | |
| Deferred Tax | $538M | $472M | $476M | $498M | $474M | $387M | $389M | $438M | $417M | $469M | $259M | |
| Long-term Debt | $1.43B | $2.42B | $2.03B | $2.49B | $2.48B | $1.64B | $2.54B | $2.54B | · | $2.77B | $1.04B | |
| Total Debt | $2.43B | $2.42B | $2.48B | $2.49B | $2.80B | $2.54B | $2.54B | $3.16B | · | $3.18B | $1.30B | |
| Common Stock | $2.85B | $2.59B | $2.31B | $2.03B | $1.77B | $1.52B | $1.10B | $840M | · | $485M | $410M | |
| Retained Earnings | $13.07B | $11.80B | $10.62B | $9.60B | $8.72B | $7.88B | $7.30B | $6.69B | $6.03B | $5.17B | $4.81B | |
| Treasury Stock | $10.87B | $9.79B | $8.70B | $7.84B | $7.29B | $5.74B | $5.18B | $4.72B | · | $3.57B | $3.55B | |
| AOCI | $84M | $84M | $91M | $78M | $108M | $31M | $-153M | $-39M | · | $-3M | $-25M | |
| Stockholders' Equity | $5.14B | $4.68B | $4.32B | $3.86B | $3.31B | $3.69B | $3.24B | $3.00B | $3.21B | $2.30B | $1.84B | |
| Liabilities + Equity | $10.53B | $9.83B | $9.17B | $8.55B | $8.15B | $8.24B | $7.67B | $7.44B | $7.21B | $6.84B | $4.10B | |
| Shares Outstanding | 400,147,000 | 402,948,000 | 405,008,000 | 101,732,148 | 101,711,215 | 104,061,391 | 103,415,368 | 103,284,401 | · | 105,400,629 | 105,400,629 |
Cash Flow 18
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $513M | $494M | $442M | $409M | $400M | $388M | $379M | $360M | · | $197M | $165M | |
| Stock-based Comp | $128M | $128M | $117M | $104M | $109M | $112M | $115M | $139M | · | $89M | $79M | |
| Deferred Tax | $60M | $-8M | $-30M | $27M | $52M | $-42M | $-13M | $35M | · | $9M | $-48M | |
| Amort. of Intangibles | $167M | $168M | $159M | $150M | $148M | $142M | $141M | $134M | · | $23M | · | |
| Other Non-cash | $-424M | $-261M | $-21M | $-290M | $-259M | $-208M | $-66M | $-351M | · | $-11M | $-423M | |
| Operating Cash Flow | $2.28B | $2.17B | $2.07B | $1.59B | $1.54B | $1.36B | $1.29B | $1.07B | · | $764M | $466M | |
| CapEx | $395M | $409M | $409M | $331M | $241M | $143M | $230M | $277M | · | $273M | $275M | |
| Investing Cash Flow | $-568M | $-624M | $-603M | $-382M | $-403M | $-137M | $-285M | $-236M | · | $-2.31B | $128M | |
| Debt Issued | $0 | $398M | $0 | $0 | $1.19B | $0 | $0 | $200M | · | $1.93B | $0 | |
| Net Debt Issued | $0 | $-52M | $-13M | $-50M | $-9M | $0 | $-200M | $200M | · | $1.68B | $-16.0K | |
| Stock Repurchased | $952M | $935M | $700M | $399M | $1.53B | $554M | $465M | $1.02B | · | $21M | $780M | |
| Net Stock Activity | $-952M | $-935M | $-700M | $-399M | $-1.53B | $-554M | $-465M | $-1.02B | · | $-21M | $-780M | |
| Dividends Paid | $701M | $612M | $531M | $450M | $375M | $451M | $268M | $221M | · | $142M | $115M | |
| Financing Cash Flow | $-1.68B | $-1.62B | $-1.25B | $-1.17B | $-1.54B | $-880M | $-955M | $-873M | · | $1.58B | $-867M | |
| Net Change in Cash | $25M | $-78M | $218M | $34M | $-403M | $348M | $49M | $-42M | · | $30M | $-278M | |
| Taxes Paid | $402M | $455M | $423M | $292M | $208M | $246M | $160M | $173M | · | $270M | $453M | |
| Free Cash Flow | $1.88B | $1.76B | $1.67B | $1.27B | $1.30B | $1.22B | $1.06B | $791M | · | $491M | $190M | |
| Levered FCF | · | · | · | $1.18B | $1.22B | $1.13B | $974M | $710M | · | $433M | $149M |
Profitability 8
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 50.7% | 50.0% | 48.8% | 47.3% | 46.2% | 46.6% | -3097.3% | 45.4% | · | 44.7% | 43.4% | |
| Operating Margin | 23.1% | 22.8% | 21.6% | 20.4% | 20.2% | 19.5% | -1113.6% | 16.4% | · | 14.5% | 15.9% | |
| Net Margin | 17.8% | 17.5% | 16.4% | 15.3% | 15.7% | 15.6% | -839.1% | 12.8% | · | 9.0% | 14.1% | |
| Pretax Margin | 22.2% | 21.9% | 20.6% | 19.2% | 19.1% | 18.1% | -1013.6% | 16.0% | · | 12.9% | 14.6% | |
| EBITDA Margin | 27.7% | 27.6% | 26.2% | 25.1% | 25.3% | 24.9% | -1476.7% | 21.7% | · | 18.2% | 19.3% | |
| ROA | 19.7% | 18.6% | 17.3% | 15.8% | 15.2% | 13.4% | 11.2% | 11.9% | · | 8.6% | 16.6% | |
| ROE | 41.7% | 39.1% | 36.8% | 36.0% | 37.4% | 29.6% | 26.7% | 28.6% | · | 23.2% | 36.7% | |
| ROIC | 27.5% | 26.6% | 24.2% | 22.6% | 21.4% | 19.2% | 16.7% | 14.7% | · | 9.4% | 15.8% |
Liquidity & Solvency 5
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.4 | 2.1 | 1.7 | 2.4 | 1.8 | 1.5 | 2.6 | 2.0 | · | 1.7 | 1.9 | |
| Quick Ratio | 0.7 | 1.0 | 0.9 | 1.0 | 0.8 | 0.7 | 1.1 | 0.9 | · | 0.8 | 0.9 | |
| Debt / Equity | 0.5 | 0.5 | 0.6 | 0.6 | 0.8 | 0.7 | 0.8 | 1.1 | · | 1.4 | 0.7 | |
| LT Debt / Equity | 0.3 | 0.5 | 0.5 | 0.6 | 0.8 | 0.4 | 0.8 | 0.8 | · | 1.2 | 0.6 | |
| Interest Coverage | · | · | · | 16.2 | 17.9 | 14.1 | 11.0 | 11.1 | · | 8.9 | 12.1 |
Efficiency 3
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.1 | 1.1 | 1.1 | 1.0 | 1.0 | 0.9 | -0.0 | 0.9 | · | 1.0 | 1.2 | |
| Inventory Turnover | 12.4 | 12.0 | · | · | · | · | · | · | · | · | · | |
| Receivables Turnover | 7.6 | 7.8 | 8.0 | 8.2 | 8.2 | 8.0 | -0.1 | 8.0 | · | 8.3 | 9.3 |
Growth Rates 10
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 8.9% | 7.8% | 8.9% | 12.2% | 10.4% | 0.44% | · | · | · | · | · | |
| Revenue CAGR 3Y | 8.5% | 9.6% | 10.5% | 7.6% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 9.6% | 7.8% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 11.6% | 16.1% | 16.6% | -72.1% | 13.8% | 26.3% | · | · | · | · | · | |
| EPS CAGR 3Y | 14.7% | -27.7% | -28.2% | -26.3% | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -13.7% | -11.5% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 10.4% | 15.3% | 16.6% | 9.1% | 11.2% | 26.8% | · | · | · | · | · | |
| Net Income CAGR 3Y | 14.1% | 13.6% | 12.3% | 15.4% | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 12.5% | 15.7% | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 9.2% | 17.9% | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $11.26B | $10.34B | $9.60B | $8.82B | $7.85B | $7.12B | $7.09B | $6.89B | · | $5.32B | $4.80B | |
| Net Income TTM | $2.00B | $1.81B | $1.57B | $1.35B | $1.24B | $1.11B | $876M | $885M | · | $481M | $694M | |
| Market Cap | $68.53B | $91.27B | $17.16B | $12.01B | $10.13B | $9.20B | $6.41B | $5.73B | · | $3.28B | $2.47B | |
| Enterprise Value | $70.67B | $93.43B | $19.29B | $14.37B | $12.83B | $11.25B | $8.81B | $8.79B | · | $6.29B | $3.63B | |
| P/E | 34.9 | 51.5 | 44.7 | 36.3 | 8.5 | 8.6 | 7.6 | 6.9 | · | 7.2 | 3.8 | |
| P/S | 6.1 | 8.8 | 1.8 | 1.4 | 1.3 | 1.3 | 0.9 | 0.8 | · | 0.6 | 0.5 | |
| P/B | 13.3 | 19.5 | 4.0 | 3.1 | 3.1 | 2.5 | 2.0 | 1.9 | · | 1.4 | 1.3 | |
| P / Tangible Book | 77.1 | 154.7 | 41.5 | 112.1 | · | 25.1 | · | · | · | · | · | |
| P / Cash Flow | 30.1 | 42.1 | 8.3 | 7.5 | 6.6 | 6.8 | 5.0 | 5.4 | · | 4.3 | 5.3 | |
| P / FCF | 36.4 | 51.9 | 10.3 | 9.5 | 7.8 | 7.6 | 6.0 | 7.2 | · | 6.7 | 13.0 | |
| EV / EBITDA | 22.7 | 32.7 | 7.7 | 6.5 | 6.5 | 6.3 | 5.7 | 5.9 | · | 6.5 | 3.8 | |
| EV / FCF | 37.6 | 53.2 | 11.6 | 11.3 | 9.9 | 9.2 | 8.3 | 11.1 | · | 12.8 | 19.1 | |
| EV / Revenue | 6.3 | 9.0 | 2.0 | 1.6 | 1.6 | 1.6 | 1.2 | 1.3 | · | 1.2 | 0.8 | |
| Dividend Yield | 1.0% | 0.67% | 3.1% | 3.8% | 3.7% | 4.9% | 4.2% | 3.9% | · | 4.3% | 4.7% | |
| Earnings Yield | 2.9% | 1.9% | 2.2% | 2.8% | 11.7% | 11.6% | 13.1% | 14.4% | · | 13.9% | 26.2% | |
| Payout Ratio | 35.1% | 33.8% | 33.8% | 33.4% | 30.4% | 40.6% | 30.6% | 24.9% | · | 29.6% | 16.6% | |
| Annual Payout | $701M | $612M | $531M | $450M | $375M | $451M | $268M | $221M | · | $142M | $115M |
Income Statement 15
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.91B | $2.84B | $2.80B | $2.72B | $2.67B | $2.61B | $2.56B | $2.50B | $2.47B | $2.41B | $2.38B | $2.34B | $2.28B | $2.19B | $2.17B | $2.17B | |
| Cost of Revenue | $1.42B | $1.39B | $1.39B | $1.35B | $1.34B | $1.29B | $1.29B | $1.25B | · | · | · | · | · | · | · | · | |
| Gross Profit | $1.48B | $1.45B | $1.41B | $1.37B | $1.33B | $1.32B | $1.28B | $1.25B | · | · | · | · | · | · | · | · | |
| SG&A Expense | $792M | $789M | $757M | $749M | $729M | $709M | $685M | $691M | $668M | $667M | $642M | $641M | $618M | $587M | $578M | $588M | |
| Operating Income | $673M | $660M | $656M | $618M | $597M | $610M | $591M | $561M | $548M | $521M | $500M | $501M | $471M | $447M | $445M | $440M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $26M | $27M | $25M | · | $29M | $29M | $28M | |
| Interest Income | $1M | $805.0K | $866.0K | $2M | $2M | $1M | $962.0K | $1M | $4M | $930.0K | $769.0K | $422.0K | $844.0K | $373.0K | $344.0K | $155.0K | |
| Pretax Income | $648M | $632M | $629M | $596M | $575M | $586M | $566M | $537M | $527M | $496M | $474M | $476M | $446M | $418M | $416M | $413M | |
| Income Tax | $137M | $130M | $133M | $105M | $127M | $123M | $117M | $85M | $113M | $99M | $99M | $91M | $100M | $93M | $92M | $61M | |
| Net Income | $511M | $502M | $495M | $491M | $448M | $463M | $448M | $452M | $414M | $398M | $375M | $385M | $346M | $326M | $324M | $352M | |
| EPS (Basic) | $1.28 | $1.25 | $1.23 | $1.21 | $1.11 | $1.14 | $1.11 | $1.12 | $1.01 | $0.98 | $0.92 | $0.94 | $-6.52 | $3.19 | $3.18 | $3.45 | |
| EPS (Diluted) | $1.26 | $1.24 | $1.21 | $1.20 | $1.08 | $1.13 | $1.09 | $1.10 | $1.00 | $0.96 | $0.90 | $0.93 | $-6.40 | $3.14 | $3.12 | $3.39 | |
| Shares (Basic) | -803,549,000 | 400,040,000 | 401,484,000 | 403,292,000 | -807,202,000 | 403,769,000 | 403,581,000 | 403,382,000 | -813,547,000 | 405,910,000 | 406,669,000 | 407,580,000 | 101,801,000 | 101,714,000 | 101,637,000 | 101,428,000 | |
| Shares (Diluted) | -814,247,000 | 404,717,000 | 406,433,000 | 409,294,000 | -821,184,000 | 410,307,000 | 410,667,000 | 410,496,000 | -826,633,000 | 412,746,000 | 413,066,000 | 414,289,000 | 103,397,000 | 103,418,000 | 103,356,000 | 103,337,000 | |
| EBITDA | · | $660M | $656M | $744M | · | $610M | $591M | $561M | · | $521M | $500M | $501M | · | $447M | $445M | $440M |
Balance Sheet 26
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $289M | $183M | $201M | $138M | $264M | $243M | $122M | $101M | $342M | $128M | $86M | $88M | · | $89M | $90M | $75M | |
| Receivables | $1.56B | $1.54B | $1.48B | $1.42B | $1.42B | $1.40B | $1.37B | $1.29B | $1.24B | $1.26B | $1.27B | $1.20B | · | $1.13B | $1.14B | $1.08B | |
| Inventory | $446M | $451M | $448M | $450M | $447M | $421M | $395M | $399M | $410M | $451M | $475M | $498M | · | $531M | $515M | $474M | |
| Prepaid Expense | $286M | $186M | $194M | $195M | $170M | $179M | $178M | $188M | $149M | $164M | $167M | $182M | · | $155M | $153M | $163M | |
| Current Assets | $3.85B | $3.60B | $3.54B | $3.38B | $3.44B | $3.34B | $3.17B | $3.04B | $3.19B | $3.03B | $3.04B | $2.99B | · | $2.91B | $2.89B | $2.75B | |
| PP&E (Net) | $1.74B | $1.72B | $1.70B | $1.68B | $1.65B | $1.61B | $1.59B | $1.55B | $1.53B | $1.51B | $1.46B | $1.44B | · | $1.36B | $1.34B | $1.33B | |
| PP&E (Gross) | $4.80B | · | · | · | $4.49B | · | · | · | $4.12B | · | · | · | · | · | · | · | |
| Accum. Depreciation | $3.06B | · | · | · | $2.84B | · | · | · | $2.58B | · | · | · | · | · | · | · | |
| Goodwill | $3.54B | $3.50B | $3.48B | $3.41B | $3.40B | $3.35B | $3.32B | $3.22B | $3.21B | $3.21B | $3.12B | $3.10B | $3.06B | $3.04B | $3.04B | $3.04B | |
| Intangibles | $707M | $691M | $698M | $689M | $694M | $692M | $699M | $683M | · | $703M | $693M | $700M | · | $706M | $710M | $715M | |
| Other Non-current Assets | $394M | $466M | $468M | $462M | $463M | $444M | $435M | $419M | $425M | $413M | $414M | $399M | · | $377M | $368M | $353M | |
| Total Assets | $10.53B | $10.23B | $10.13B | $9.84B | $9.83B | $9.61B | $9.37B | $9.07B | $9.17B | $8.98B | $8.81B | $8.72B | $8.55B | $8.47B | $8.43B | $8.26B | |
| Accounts Payable | $461M | $481M | $503M | $462M | $485M | $408M | $418M | $396M | $339M | $308M | $317M | $315M | · | $282M | $311M | $292M | |
| Accrued Liabilities | $889M | $831M | $798M | $780M | $875M | $825M | $754M | $717M | $761M | $721M | $619M | $592M | · | $611M | $556M | $544M | |
| Current Liabilities | $2.69B | $1.82B | $2.08B | $1.51B | $1.64B | $1.94B | $2.01B | $1.98B | $1.83B | $1.27B | $1.36B | $1.17B | · | $1.39B | $1.55B | $1.60B | |
| Capital Leases | $221M | $207M | $207M | $198M | $179M | $166M | $142M | $149M | $147M | $146M | $139M | $141M | · | $139M | $137M | $134M | |
| Deferred Tax | $538M | $508M | $495M | $484M | $472M | $467M | $477M | $474M | $476M | $481M | $497M | $500M | · | $497M | $493M | $488M | |
| Long-term Debt | $1.43B | $2.43B | $2.43B | $2.43B | $2.42B | $2.03B | $2.03B | $2.03B | $2.03B | $2.47B | $2.47B | $2.48B | · | $2.49B | $2.49B | $2.48B | |
| Total Debt | · | $2.66B | $2.98B | $2.43B | · | $2.48B | $2.66B | $2.64B | · | $2.47B | $2.68B | $2.48B | · | $2.74B | $2.92B | $2.99B | |
| Common Stock | $2.85B | $2.81B | $2.74B | $2.69B | $2.59B | $2.53B | $2.47B | $2.42B | $2.31B | $2.25B | $2.18B | $2.12B | · | · | · | · | |
| Retained Earnings | $13.07B | $12.74B | $12.42B | $12.11B | $11.80B | $11.51B | $11.20B | $10.91B | $10.62B | $10.34B | $10.08B | $9.84B | · | $9.37B | $9.16B | $8.95B | |
| Treasury Stock | $10.87B | $10.84B | $10.78B | $10.13B | $9.79B | $9.50B | $9.45B | $9.39B | $8.70B | $8.44B | $8.36B | $7.98B | · | $7.79B | $7.75B | $7.69B | |
| AOCI | $84M | $76M | $68M | $80M | $84M | $57M | $69M | $83M | $91M | $86M | $93M | $87M | · | $76M | $84M | $88M | |
| Stockholders' Equity | $5.14B | $4.79B | $4.46B | $4.76B | $4.68B | $4.59B | $4.29B | $4.02B | $4.32B | $4.23B | $3.99B | $4.08B | $3.86B | $3.63B | $3.43B | $3.23B | |
| Liabilities + Equity | $10.53B | $10.23B | $10.13B | $9.84B | $9.83B | $9.61B | $9.37B | $9.07B | $9.17B | $8.98B | $8.81B | $8.72B | · | $8.47B | $8.43B | $8.26B | |
| Shares Outstanding | 400,147,000 | 400,015,000 | 399,855,000 | 402,950,000 | 402,948,000 | 403,669,000 | 403,496,000 | 403,258,000 | 405,008,000 | 101,444,090 | 101,347,603 | 101,927,462 | · | 101,672,333 | 101,601,032 | 101,532,642 |
Cash Flow 15
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $131M | $129M | $128M | $126M | $126M | $126M | $122M | $120M | · | · | · | · | · | · | · | · | |
| Stock-based Comp | $31M | $34M | $32M | $30M | $31M | $32M | $32M | $33M | $32M | $31M | $23M | $30M | $28M | $24M | $25M | $26M | |
| Amort. of Intangibles | $42M | $42M | $41M | $42M | $42M | $43M | $42M | $41M | $41M | $40M | $39M | $38M | $38M | $38M | $37M | $36M | |
| Other Non-cash | · | · | · | $-233M | · | · | · | · | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $709M | $621M | $531M | $414M | $640M | $617M | $438M | $460M | $682M | $657M | $393M | $337M | $542M | $425M | $321M | $298M | |
| CapEx | $96M | $91M | $106M | $102M | $115M | $100M | $101M | $93M | $102M | $107M | $94M | $107M | $107M | $78M | $76M | $70M | |
| Investing Cash Flow | $-158M | $-101M | $-193M | $-116M | $-149M | $-125M | $-235M | $-109M | $-100M | $-221M | $-112M | $-170M | $-113M | $-97M | $-85M | $-87M | |
| Net Debt Issued | · | · | · | · | · | · | · | $0 | · | · | · | $-10M | · | · | · | $0 | |
| Stock Repurchased | $19M | $32M | $636M | $266M | $257M | $27M | $37M | $615M | $232M | $45M | $350M | $73M | $28M | $22M | $28M | $320M | |
| Net Stock Activity | · | · | · | $-266M | · | · | · | $-615M | · | · | · | $-73M | · | · | · | $-320M | |
| Dividends Paid | $181M | $181M | $182M | $158M | $158M | $158M | $157M | $138M | $138M | $137M | $138M | $118M | $117M | $117M | $117M | $98M | |
| Financing Cash Flow | $-443M | $-540M | $-275M | $-424M | $-473M | $-369M | $-181M | $-591M | $-368M | $-394M | $-283M | $-202M | $-392M | $-328M | $-220M | $-226M | |
| Net Change in Cash | $106M | $-18M | $63M | $-126M | $21M | $121M | $21M | $-241M | $214M | $43M | $-3M | $-36M | $36M | $-1M | $15M | $-16M | |
| Free Cash Flow | · | · | · | $313M | · | · | · | $374M | · | · | · | $230M | · | · | · | $228M | |
| Levered FCF | · | · | · | · | · | · | · | · | · | · | · | $210M | · | · | · | $205M |
Profitability 8
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | 51.0% | 50.4% | 50.3% | · | · | · | · | · | · | · | · | · | · | · | · | |
| Operating Margin | · | 23.2% | 23.4% | 22.7% | · | 23.4% | 23.1% | 22.4% | · | 21.6% | 21.0% | 21.4% | · | 20.4% | 20.5% | 20.3% | |
| Net Margin | · | 17.7% | 17.7% | 18.1% | · | 17.8% | 17.5% | 18.1% | · | 16.5% | 15.8% | 16.4% | · | 14.9% | 14.9% | 16.2% | |
| Pretax Margin | · | 22.3% | 22.4% | 21.9% | · | 22.5% | 22.1% | 21.4% | · | 20.6% | 19.9% | 20.3% | · | 19.1% | 19.1% | 19.0% | |
| EBITDA Margin | · | 23.2% | 23.4% | 27.4% | · | 23.4% | 23.1% | 22.4% | · | 21.6% | 21.0% | 21.4% | · | 20.4% | 20.5% | 20.3% | |
| ROA | · | 5.1% | 5.1% | 5.2% | · | 5.0% | 4.9% | 5.1% | · | 4.6% | 4.3% | 4.5% | · | 3.9% | 3.9% | 4.4% | |
| ROE | · | 10.7% | 11.3% | 11.2% | · | 10.5% | 10.8% | 11.2% | · | 10.1% | 10.1% | 10.5% | · | 9.4% | 9.3% | 10.8% | |
| ROIC | · | 7.0% | 7.0% | 7.1% | · | 6.8% | 6.8% | 7.1% | · | 6.2% | 5.9% | 6.2% | · | 5.5% | 5.5% | 6.0% |
Liquidity & Solvency 5
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | 2.0 | 1.7 | 2.2 | · | 1.7 | 1.6 | 1.5 | · | 2.4 | 2.2 | 2.6 | · | 2.1 | 1.9 | 1.7 | |
| Quick Ratio | · | 1.0 | 0.8 | 1.0 | · | 0.8 | 0.7 | 0.7 | · | 1.1 | 1.0 | 1.1 | · | 0.9 | 0.8 | 0.7 | |
| Debt / Equity | · | 0.6 | 0.7 | 0.5 | · | 0.5 | 0.6 | 0.7 | · | 0.6 | 0.7 | 0.6 | · | 0.8 | 0.9 | 0.9 | |
| LT Debt / Equity | · | 0.5 | 0.5 | 0.5 | · | 0.4 | 0.5 | 0.5 | · | 0.6 | 0.6 | 0.6 | · | 0.7 | 0.7 | 0.8 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 20.4 | 18.8 | 20.4 | · | 15.5 | 15.4 | 15.9 |
Efficiency 3
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | |
| Inventory Turnover | · | 3.2 | 3.3 | 3.2 | · | · | · | · | · | · | · | · | · | · | · | · | |
| Receivables Turnover | · | 1.9 | 2.0 | 2.0 | · | 2.0 | 1.9 | 2.0 | · | 2.0 | 2.0 | 2.1 | · | 2.0 | 2.1 | 2.2 |
Valuation (TTM) 15
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | · | $10.97B | $10.69B | $10.39B | · | $10.08B | $9.85B | $9.63B | · | $9.32B | $9.08B | $8.87B | · | $8.49B | $8.22B | $7.95B | |
| Net Income TTM | · | $1.95B | $1.90B | $1.86B | · | $1.76B | $1.67B | $1.61B | · | $1.48B | $1.41B | $1.39B | · | $1.32B | $1.29B | $1.29B | |
| Market Cap | · | $80.46B | $74.38B | $84.60B | · | $83.76B | $91.11B | $81.17B | · | $15.94B | $14.02B | $12.85B | · | $11.15B | $11.73B | $10.33B | |
| Enterprise Value | · | $82.93B | $77.16B | $86.89B | · | $86.00B | $93.64B | $83.71B | · | $18.29B | $16.62B | $15.24B | · | $13.79B | $14.56B | $13.24B | |
| P/E | · | 42.1 | 40.2 | 46.5 | · | 48.5 | 55.8 | 51.7 | · | 26.5 | 17.1 | 11.9 | · | 8.7 | 9.4 | 8.3 | |
| P/S | · | 7.3 | 7.0 | 8.1 | · | 8.3 | 9.3 | 8.4 | · | 1.7 | 1.5 | 1.4 | · | 1.3 | 1.4 | 1.3 | |
| P/B | · | 16.8 | 16.7 | 17.8 | · | 18.2 | 21.2 | 20.2 | · | 3.8 | 3.5 | 3.2 | · | 3.1 | 3.4 | 3.2 | |
| P / Tangible Book | · | 134.5 | 271.2 | 129.0 | · | 153.3 | 336.4 | 704.8 | · | 50.1 | 77.3 | 47.1 | · | · | · | · | |
| P / Cash Flow | · | · | · | 204.1 | · | · | · | 173.9 | · | · | · | 38.1 | · | · | · | 34.6 | |
| P / FCF | · | · | · | 270.7 | · | · | · | 217.1 | · | · | · | 55.8 | · | · | · | 45.3 | |
| EV / EBITDA | · | 125.7 | 117.7 | 116.8 | · | 141.0 | 158.3 | 149.2 | · | 35.1 | 33.3 | 30.4 | · | 30.9 | 32.7 | 30.1 | |
| EV / FCF | · | · | · | 278.0 | · | · | · | 223.9 | · | · | · | 66.2 | · | · | · | 58.1 | |
| EV / Revenue | · | 7.6 | 7.2 | 8.4 | · | 8.5 | 9.5 | 8.7 | · | 2.0 | 1.8 | 1.7 | · | 1.6 | 1.8 | 1.7 | |
| Earnings Yield | · | 2.4% | 2.5% | 2.1% | · | 2.1% | 1.8% | 1.9% | · | 3.8% | 5.9% | 8.4% | · | 11.5% | 10.6% | 12.0% | |
| Payout Ratio | · | · | · | 32.1% | · | · | · | 30.6% | · | · | · | 30.5% | · | · | · | 27.8% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2026-05-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | |
|---|---|---|---|---|---|
| Revenue | $11.26B | $10.34B | — | — | — |
| Gross Margin % | 50.7% | 50.0% | — | — | — |
| Operating Margin % | 23.1% | 22.8% | — | — | — |
| Net Income | $2.00B | $1.81B | — | — | — |
| Diluted EPS | $4.91 | $4.40 | — | — | — |
Balance Sheet
| 2026-05-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.5 | 0.5 | — | — | — |
| Current Ratio | 1.4 | 2.1 | — | — | — |
| Quick Ratio | 0.7 | 1.0 | — | — | — |
Cash Flow
| 2026-05-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $1.88B | $1.76B | — | — | — |
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Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
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Institutional owners (13F) 1,572 filers · $29.0B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 142 (-7 vs prior Q) | 129 (-10 vs prior Q) | 504 (-47 vs prior Q) | 566 (+19 vs prior Q) | +41.1M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $3,777,577,147 | 22,210,590 | 13.04% | Shares |
| STATE STREET CORP | $2,690,381,396 | 15,818,329 | 9.28% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2,287,088,040 | 13,447,131 | 7.89% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $1,443,141,503 | 8,467,336 | 4.98% | Shares |
| NORGES BANK | $741,838,616 | 4,361,704 | 2.56% | Shares |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ | $723,262,989 | 4,252,487 | 2.50% | Shares |
| FMR LLC | $643,407,196 | 3,782,968 | 2.22% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $467,782,589 | 2,750,368 | 1.61% | Shares |
| Impax Asset Management Group plc | $410,456,170 | 2,413,313 | 1.42% | Shares |
| TWO SIGMA INVESTMENTS, LP | $401,548,165 | 2,360,937 | 1.39% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $371,172,047 | 2,182,338 | 1.28% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $332,357,750 | 1,954,126 | 1.15% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $311,726,669 | 1,832,824 | 1.08% | Shares |
| Pictet Asset Management Holding SA | $297,026,069 | 1,746,548 | 1.02% | Shares |
| KING LUTHER CAPITAL MANAGEMENT CORP | $284,838,419 | 1,674,732 | 0.98% | Shares |
| MILLENNIUM MANAGEMENT LLC | $280,018,692 | 1,646,394 | 0.97% | Shares |
| GOLDMAN SACHS GROUP INC | $279,468,823 | 1,643,161 | 0.96% | Shares |
| AMERICAN CENTURY COMPANIES INC | $242,632,216 | 1,426,577 | 0.84% | Shares |
| TWO SIGMA ADVISERS, LP | $241,481,880 | 1,284,000 | 0.83% | Shares |
| ProShare Advisors LLC | $227,415,157 | 1,337,107 | 0.78% | Shares |
| Alecta Tjanstepension Omsesidigt | $216,898,775 | 1,275,500 | 0.75% | Shares |
| Assenagon Asset Management S.A. | $207,089,918 | 1,217,603 | 0.71% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $201,436,799 | 1,184,365 | 0.70% | Shares |
| ALLIANCEBERNSTEIN L.P. | $195,154,070 | 1,153,802 | 0.67% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $190,984,966 | 1,134,115 | 0.66% | Shares |
| BLAIR WILLIAM & CO/IL | $180,885,157 | 1,063,530 | 0.62% | Shares |
| COMGEST GLOBAL INVESTORS S.A.S. | $178,404,906 | 1,048,947 | 0.62% | Shares |
| Clearbridge Investments, LLC | $165,804,175 | 974,860 | 0.57% | Shares |
| Swiss National Bank | $163,140,736 | 959,200 | 0.56% | Shares |
| AMERIPRISE FINANCIAL INC | $159,585,721 | 938,263 | 0.55% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $157,179,772 | 924,152 | 0.54% | Shares |
| MORGAN STANLEY | $154,371,411 | 907,640 | 0.53% | Shares |
| National Pension Service | $153,624,420 | 903,248 | 0.53% | Shares |
| PNC Financial Services Group, Inc. | $145,884,759 | 857,742 | 0.50% | Shares |
| Bahl & Gaynor LLC | $143,990,748 | 846,606 | 0.50% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $143,322,504 | 842,677 | 0.49% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $140,303,414 | 824,926 | 0.48% | Shares |
| VANGUARD GROUP INC | $139,837,380 | 743,539 | 0.48% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $137,953,754 | 811,115 | 0.48% | Shares |
| BlackRock, Inc. | $133,044,740 | 782,248 | 0.46% | Shares |
| BANK OF MONTREAL /CAN/ | $129,389,040 | 760,754 | 0.45% | Shares |
| CHILTON INVESTMENT CO INC. | $128,651,743 | 756,419 | 0.44% | Shares |
| Legal & General Group Plc | $128,449,177 | 755,228 | 0.44% | Shares |
| Vanguard Global Advisers, LLC | $124,727,998 | 733,349 | 0.43% | Shares |
| Squarepoint Ops LLC | $116,125,181 | 682,768 | 0.40% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $113,549,490 | 667,624 | 0.39% | Shares |
| RHUMBLINE ADVISERS | $112,182,082 | 659,585 | 0.39% | Shares |
| CITADEL ADVISORS LLC | $108,466,819 | 637,740 | 0.37% | Shares |
| California Public Employees Retirement System | $105,111,651 | 618,013 | 0.36% | Shares |
| BANK OF AMERICA CORP /DE/ | $101,625,862 | 597,518 | 0.35% | Shares |
| Liontrust Investment Partners LLP | $100,985,879 | 536,959 | 0.35% | Shares |
| Stonehage Fleming Financial Services Holdings Ltd | $95,340,384 | 560,562 | 0.33% | Shares |
| Quantinno Capital Management LP | $95,126,368 | 559,303 | 0.33% | Shares |
| FIFTH THIRD BANCORP | $94,355,384 | 554,771 | 0.33% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $91,867,884 | 543,147 | 0.32% | Shares |
| Bank Pictet & Cie (Europe) AG | $87,452,415 | 514,184 | 0.30% | Shares |
| Rathbones Group PLC | $85,984,624 | 505,554 | 0.30% | Shares |
| BARCLAYS PLC | $79,808,338 | 469,240 | 0.28% | Shares |
| WORLDQUANT MILLENNIUM ADVISORS LLC | $77,914,668 | 458,106 | 0.27% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $75,766,218 | 445,474 | 0.26% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $70,862,641 | 416,643 | 0.24% | Shares |
| DAVENPORT & Co LLC | $68,519,614 | 403,479 | 0.24% | Shares |
| PFA Pension, Forsikringsaktieselskab | $67,393,604 | 396,246 | 0.23% | Shares |
| RAYMOND JAMES FINANCIAL INC | $66,691,159 | 392,116 | 0.23% | Shares |
| UBS Group AG | $66,533,425 | 391,189 | 0.23% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $64,739,932 | 380,644 | 0.22% | Shares |
| Williams Jones Wealth Management, LLC. | $64,385,825 | 378,562 | 0.22% | Shares |
| LPL Financial LLC | $62,820,747 | 369,360 | 0.22% | Shares |
| TimesSquare Capital Management, LLC | $61,852,807 | 365,690 | 0.21% | Shares |
| Bristol Gate Capital Partners Inc. | $61,696,839 | 362,750 | 0.21% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $61,258,734 | 360,176 | 0.21% | Shares |
| EULAV Asset Management | $59,806,107 | 351,635 | 0.21% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $59,502,658 | 349,851 | 0.21% | Shares |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO | $59,204,508 | 348,098 | 0.20% | Shares |
| Texas Yale Capital Corp. | $58,499,016 | 343,950 | 0.20% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $58,235,392 | 342,400 | 0.20% | Put option |
| JANE STREET GROUP, LLC | $57,657,120 | 339,000 | 0.20% | Call option |
| JENSEN INVESTMENT MANAGEMENT INC | $56,743,790 | 333,630 | 0.20% | Shares |
| AXIOM INVESTORS LLC /DE | $55,493,702 | 326,280 | 0.19% | Shares |
| FULLER & THALER ASSET MANAGEMENT, INC. | $55,174,086 | 324,401 | 0.19% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $52,936,550 | 311,245 | 0.18% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $52,720,796 | 308,407 | 0.18% | Shares |
| NICHOLAS COMPANY, INC. | $51,948,045 | 305,433 | 0.18% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $51,906,035 | 305,186 | 0.18% | Shares |
| Hudson Way Capital Management LLC | $51,248,336 | 301,319 | 0.18% | Shares |
| NEOS Investment Management LLC | $50,135,163 | 294,774 | 0.17% | Shares |
| Qube Research & Technologies Ltd | $50,085,669 | 294,483 | 0.17% | Shares |
| AVIVA PLC | $49,867,796 | 293,202 | 0.17% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $49,859,632 | 293,154 | 0.17% | Shares |
| APG Asset Management N.V. | $49,218,769 | 330,855 | 0.17% | Shares |
| Fenimore Asset Management Inc | $48,253,397 | 283,710 | 0.17% | Shares |
| BANK OF NOVA SCOTIA | $47,069,810 | 276,751 | 0.16% | Shares |
| COMPASS CAPITAL MANAGEMENT, INC | $46,518,581 | 273,510 | 0.16% | Shares |
| Vest Financial, LLC | $46,191,007 | 271,584 | 0.16% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $44,635,965 | 262,441 | 0.15% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $44,091,029 | 259,237 | 0.15% | Shares |
| Congress Wealth Management LLC / DE / | $42,210,590 | 189,394 | 0.15% | Shares |
| Mirae Asset Global Investments Co., Ltd. | $41,737,802 | 245,401 | 0.14% | Shares |
| CITADEL ADVISORS LLC | $41,669,600 | 245,000 | 0.14% | Put option |
| CALEDONIA INVESTMENTS PLC | $40,641,950 | 239,000 | 0.14% | Shares |
Company insiders 30 insiders · 7 officers · 18 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Michael J. Hansen | VP & CFO | Aug. 12, 2024 A | 41,791 | 0 | 0 | $0 |
| William C Gale | Sr. VP & CFO | Dec. 23, 2014 S | 118,053 | 0 | 0 | $0 |
| James Phillip Holloman | President and COO | July 31, 2018 F | 140,971 | 0 | 0 | $0 |
| Michael Lawrence Thompson | Executive Vice President & CAO | Aug. 10, 2023 A | 31,860 | 0 | 0 | $0 |
| Paul F. Adler | Treasurer | July 24, 2018 A | 16,169 | 0 | 0 | $0 |
| Thomas E Frooman | VP, Secretary & Gen. Counsel | July 24, 2018 A | 99,054 | 0 | 0 | $0 |
| Robert J Kohlhepp | Chairman of the Board | Nov. 24, 2014 J | 0 | 0 | 0 | $0 |
| Robert E. Coletti | Director | July 28, 2026 A | 26,744 | 0 | 0 | $0 |
| Melanie W. Barstad | Director | July 28, 2026 A | 26,592 | 0 | 1 | $-1,855,277 |
| Karen L Carnahan | Director | July 28, 2026 A | 25,256 | 0 | 0 | $0 |
| Ronald W Tysoe | Director | July 22, 2026 M | 22,448 | 0 | 2 | $-1,706,771 |
| Beverly K Carmichael | Director | Oct. 29, 2025 A | 1,340 | 0 | 0 | $0 |
| Martin Mucci | Director | Oct. 29, 2025 A | 3,124 | 0 | 0 | $0 |
| Joseph Scaminace | Director | Oct. 29, 2025 A | 43,596 | 0 | 0 | $0 |
| Gerald S Adolph | Director | July 24, 2024 M | 31,452 | 0 | 0 | $0 |
| John F Barrett | Director | May 14, 2024 M | 19,428 | 0 | 0 | $0 |
| James J Johnson | Director | Oct. 17, 2017 A | 9,200 | 0 | 0 | $0 |
| FARMER RICHARD T | Director | Aug. 10, 2015 J | 3,947,200 | 0 | 0 | $0 |
| David Phillips | Director | Oct. 18, 2011 A | 8,124 | 0 | 0 | $0 |
| Joyce Hergenhan | Director | Oct. 20, 2009 A | 5,639 | 0 | 0 | $0 |
| Gerald V Dirvin | Director | Oct. 20, 2009 A | 28,881 | 0 | 0 | $0 |
| Paul R Carter | Director | Oct. 20, 2009 A | 6,639 | 0 | 0 | $0 |
| Roger L Howe | Director | Oct. 23, 2007 A | 739,212 | 0 | 0 | $0 |
| Robert J Herbold | Director | Oct. 18, 2005 A | 1,000 | 0 | 0 | $0 |
| Summer Hill Partners, LLLP | 10% owner | Oct. 31, 2014 J | 9,376,387 | 0 | 0 | $0 |
| Scott Garula | — | Aug. 10, 2026 F | 105,495 | 0 | 0 | $0 |
| Jim Rozakis | — | Aug. 10, 2026 F | 282,322 | 0 | 0 | $0 |
| David Brock Denton | — | Aug. 10, 2026 A | 28,096 | 0 | 0 | $0 |
| Todd M. Schneider | — | Aug. 10, 2026 F | 691,407 | 0 | 0 | $0 |
| Scott D Farmer | — | Aug. 10, 2026 F | 87,899 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Cintas Corp | March 16, 2026 | 18.70% | Initial filing | M&A / sale | SEC |
| Scott D. Farmer, Summer Hill Partners, LLLP –, Summer Hill Partners II, LLC –, Summer Hill Partners IV, LLC – ×9 filings | May 3, 2022 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 207 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| UPGD · Invesco Exchange-Traded Fund Trust | 2.21% | 13,237 SH | Aug. 8, 2026 | Daily |
| AMID · EA Series Trust | 2.11% | 12,933 NS | May 29, 2026 | N-PORT |
| LCLG · Advisors Series Trust | 1.76% | 10,177 NS | April 30, 2026 | N-PORT |
| QNXT · iShares Trust | 1.50% | 2,093 SH | Aug. 8, 2026 | Daily |
| JGRW · Trust for Professional Managers | 1.49% | 8,330 NS | May 31, 2026 | N-PORT |
| KNG · First Trust Exchange-Traded Fund IV | 1.44% | 278,164 NS | April 30, 2026 | N-PORT |
| YALL · Tidal Trust I | 1.43% | 8,107 NS | May 31, 2026 | N-PORT |
| NOBL · ProShares Trust | 1.42% | 920,343 NS | May 31, 2026 | N-PORT |
| ZECP · Zacks Trust | 1.37% | 27,343 NS | May 31, 2026 | N-PORT |
| RSPN · Invesco Exchange-Traded Fund Trust | 1.26% | 66,897 SH | Aug. 8, 2026 | Daily |
| SXQG · EXCHANGE TRADED CONCEPTS TRUST | 1.21% | 4,760 NS | May 31, 2026 | N-PORT |
| VFQY · VANGUARD WELLINGTON FUND | 1.19% | 33,101 SH | Aug. 8, 2026 | Daily |
| SPLV · Invesco Exchange-Traded Fund Trust … | 1.19% | 419,390 SH | Aug. 8, 2026 | Daily |
| FMAG · FIDELITY COVINGTON TRUST | 1.09% | 15,869 NS | April 30, 2026 | N-PORT |
| FLAG · Global X Funds | 1.08% | 102 NS | April 30, 2026 | N-PORT |
| TMFE · RBB Fund, Inc. | 1.03% | 5,118 NS | May 31, 2026 | N-PORT |
| IMCG · iShares Trust | 0.93% | 186,803 SH | Aug. 8, 2026 | Daily |
| HUSV · First Trust Exchange-Traded Fund III | 0.92% | 3,826 NS | April 30, 2026 | N-PORT |
| VFMV · VANGUARD WELLINGTON FUND | 0.90% | 22,082 SH | Aug. 8, 2026 | Daily |
| FIDU · FIDELITY COVINGTON TRUST | 0.90% | 106,746 NS | April 30, 2026 | N-PORT |
| QQQE · Direxion Shares ETF Trust | 0.88% | 61,048 NS | April 30, 2026 | N-PORT |
| IEDI · iShares U.S. ETF Trust | 0.87% | 1,229 SH | Aug. 8, 2026 | Daily |
| ALTL · Pacer Funds Trust | 0.84% | 4,633 NS | April 30, 2026 | N-PORT |
| GROZ · Zacks Trust | 0.82% | 4,355 NS | May 31, 2026 | N-PORT |
| IYJ · iShares Trust | 0.80% | 77,559 SH | Aug. 8, 2026 | Daily |
| VIS · VANGUARD WORLD FUND | 0.77% | 412,954 SH | Aug. 8, 2026 | Daily |
| DUSL · Direxion Shares ETF Trust | 0.77% | 2,387 NS | April 30, 2026 | N-PORT |
| UXI · ProShares Trust | 0.68% | 1,124 NS | May 31, 2026 | N-PORT |
| EXI · iShares Trust | 0.66% | 47,943 SH | Aug. 8, 2026 | Daily |
| VOT · VANGUARD INDEX FUNDS | 0.63% | 1,302,778 SH | Aug. 8, 2026 | Daily |
| SPHQ · Invesco Exchange-Traded Fund Trust | 0.63% | 609,240 SH | Aug. 8, 2026 | Daily |
| QUAL · iShares Trust | 0.62% | 1,463,918 SH | Aug. 8, 2026 | Daily |
| VUSE · ETF Series Solutions | 0.61% | 24,441 NS | May 31, 2026 | N-PORT |
| ACIO · ETF Series Solutions | 0.55% | 71,372 NS | April 30, 2026 | N-PORT |
| ADME · ETF Series Solutions | 0.54% | 8,226 NS | April 30, 2026 | N-PORT |
| HQGO · Lattice Strategies Trust | 0.53% | 1,463 NS | April 30, 2026 | N-PORT |
| RILA · Spinnaker ETF Series | 0.53% | 1,268 NS | April 30, 2026 | N-PORT |
| FEUS · FlexShares Trust | 0.49% | 3,078 NS | April 30, 2026 | N-PORT |
| DUHP · Dimensional ETF Trust | 0.48% | 308,968 NS | April 30, 2026 | N-PORT |
| IMCB · iShares Trust | 0.47% | 39,531 SH | Aug. 8, 2026 | Daily |
| FQAL · FIDELITY COVINGTON TRUST | 0.46% | 35,658 NS | April 30, 2026 | N-PORT |
| FDLO · FIDELITY COVINGTON TRUST | 0.45% | 35,747 NS | April 30, 2026 | N-PORT |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.40% | 95,252 SH | Aug. 8, 2026 | Daily |
| XOEF · iShares Trust | 0.38% | 426 SH | Aug. 8, 2026 | Daily |
| QCLR · Global X Funds | 0.36% | 82 NS | April 30, 2026 | N-PORT |
| QQQ · Invesco QQQ Trust, Series 1 | 0.35% | 8,486,005 SH | Aug. 8, 2026 | Daily |
| QQQM · Invesco Exchange-Traded Fund Trust … | 0.35% | 1,799,020 SH | Aug. 8, 2026 | Daily |
| FBUF · Fidelity Greenwood Street Trust | 0.35% | 381 NS | April 30, 2026 | N-PORT |
| QYLD · Global X Funds | 0.35% | 167,300 NS | April 30, 2026 | N-PORT |
| QRMI · Global X Funds | 0.35% | 326 NS | April 30, 2026 | N-PORT |