Cintas Corporation

CTAS · Consumer Discretionary · $81.6B mkt cap · FY2025 filings · Wide moat

On the watchlist

Wide moat

The four filters

Pricing power77

Median gross margin 45.9% over 10y, very stable.

Returns on capital96

Median ROIC 19.0%, above the 9% hurdle in 100% of years.

Balance-sheet safety90

Net debt/EBITDA 0.8x, interest coverage 23x.

Capital discipline88

Owner earnings +11.8%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

218% above value

Owner earnings (normalized): $1.4B
Est. intrinsic value / share: $63.70
Recent price: $202.47
Discount to value: 218% above value

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell CTAS. See the disclaimer.