Cintas Corporation (0HYJ.L) Q1 2026 Earnings Report

Cintas delivered a solid start to fiscal Q1 2026 with resilient demand across its core Uniform Rental and Facility Services segments. Revenue of $2,718.12 million rose 8.66% year-over-year and 1.89% quarter-over-quarter, while profitability remained robust, with operating income of $617.86 million and an operating margin of 22.73%. Net income reached $491.14 million, translating to a net margin of 18.07% and EPS of $1.21 (diluted $1.20). The company generated meaningful free cash flow, delivering $312.52 million of free cash flow and $414.48 million of operating cash flow, while maintaining disciplined capital allocation through modest capex and share repurchases alongside dividend payments. On the balance sheet, Cintas holds a strong liquid position with cash of $138.14 million, total assets of $9.08 billion, and total liabilities of $3.57 billion. Net debt stood at approximately $2.54 billion, against EBITDA of $617.86 million, implying a net debt to EBITDA around 4.1x on a trailing basis. The quarter benefited from positive top-line momentum and continued operating discipline, but non-cash items and ongoing investment needs warrant monitoring. The absence of explicit forward guidance in the provided data means the Outlook is inferred from run-rate trends, balance sheet strength, and cash-flow generation.