CINTAS CORPCTAS

CINTAS CORP Segments Disclosure

10-KFiled Jul 28, 20253 min read
Operating Segment Information
Cintas’ reportable operating segments are Uniform Rental and Facility Services and First Aid and Safety Services. The Uniform Rental and Facility Services reportable operating segment consists of the rental and servicing of uniforms and other garments including flame resistant clothing, mats, mops and shop towels and other ancillary items. In addition to these rental items, restroom cleaning services and supplies, and the sale of items from our catalogs to our customers on route are included within this reportable operating segment. The First Aid and Safety Services reportable operating segment consists of first aid and safety products and services. The remainder of Cintas’ operating segments, which consists of the Fire Protection Services operating segment and the Uniform Direct Sale operating segment, is included in All Other.

Our CODM is the chief executive officer. The CODM is responsible for setting the Company's strategic direction, managing overall operations, and is the main point of communications between the Board and key operational personnel within the organization. The CODM evaluates each operating segment's performance primarily based on revenue and operating income, using this information to guide strategic decisions and allocate resources across the Company. The accounting policies of the operating segments are the same as those described in Note 1 entitled Significant Accounting Policies. Information related to the operations of Cintas' reportable operating segments and All Other is set forth below:
(In thousands)Uniform Rental
and Facility Services		First Aid
 and Safety Services		All
Other
Corporate (1)
Total
May 31, 2025     
Revenue$7,976,073 $1,218,090 $1,146,018 $— $10,340,181 
Cost of sales4,040,888 521,480 603,649 — 5,166,017 
Gross margin3,935,185 696,610 542,369 — 5,174,164 
Selling and administrative expenses2,061,795 401,882 350,761 — 2,814,438 
Operating income$1,873,390 $294,728 $191,608 $— $2,359,726 
Depreciation and amortization$385,360 $86,286 $22,537 $— $494,183 
Capital expenditures$301,624 $55,447 $51,813 $— $408,884 
Total assets$7,993,720 $810,188 $757,360 $263,973 $9,825,241 
May 31, 2024 
Revenue$7,465,199 $1,067,334 $1,064,082 $— $9,596,615 
Cost of sales3,865,071 474,678 570,450 — 4,910,199 
Gross margin3,600,128 592,656 493,632 — 4,686,416 
Selling and administrative expenses1,940,627 353,503 323,653 — 2,617,783 
Operating income$1,659,501 $239,153 $169,979 $— $2,068,633 
Depreciation and amortization$340,426 $81,342 $20,616 $— $442,384 
Capital expenditures$261,225 $100,025 $48,219 $— $409,469 
Total assets$7,503,043 $730,003 $593,756 $342,015 $9,168,817 
May 31, 2023 
Revenue$6,897,130 $951,496 $967,143 $— $8,815,769 
Cost of sales3,632,175 469,408 540,818 — 4,642,401 
Gross margin3,264,955 482,088 426,325 — 4,173,368 
Selling and administrative expenses1,786,198 301,398 283,108 — 2,370,704 
Operating income$1,478,757 $180,690 $143,217 $— $1,802,664 
Depreciation and amortization$326,185 $62,059 $20,918 $— $409,162 
Capital expenditures$227,436 $76,549 $27,124 $— $331,109 
Total assets$7,176,257 $703,226 $542,724 $124,149 $8,546,356 
(1)     Corporate assets represent the consolidated cash balance in all periods presented.

Historical Timeline

Fiscal YearFiled
2025Jul 28, 2025Showing above
2024Jul 25, 2024
2023Jul 27, 2023
2022Jul 27, 2022
2021Jul 28, 2021
2020Jul 29, 2020
2019Jul 26, 2019
2018Jul 27, 2018
2017Jul 31, 2017
2016Jul 29, 2016

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

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