Cintas’ QQ2 2026 results reflect continued strength in its recurring revenue model and disciplined cost management, delivering solid top-line momentum and margin expansion. Revenue reached $2.80 billion, with gross profit of $1.41 billion and a gross margin of approximately 50.4%. Operating income of $655.7 million produced an operating margin of 23.4%, while net income of $495.3 million translated to an ~17.7% net margin and diluted EPS of $1.21. The company generated $531.2 million of operating cash flow and $425.0 million of free cash flow, funding a sizable €635.6 million/$ constant- currency share repurchase program alongside a $182.3 million dividend payout. Net debt stood at about $3.04 billion with cash and cash equivalents of ~$200.8 million, underscoring a solid liquidity position and a track record of capital returns.
The quarter exhibits meaningful YoY improvements across key profitability metrics and a modest QoQ expansion, underscoring durable demand for Cintas’ uniform rental, facility services, and safety offerings. The balance sheet remains robust, with healthy current ratios and substantial goodwill/intangible assets reflecting scale and strategic acquisitions over time. The absence of formal forward guidance in the provided data introduces some uncertainty around near-term targets, but the operating cadence suggests meaningful leverage if volume and pricing power remain favorable.
Looking ahead, management commentary (where available) typically emphasizes contract-based recurring revenue, pricing discipline, and geographic expansion (US/Canada/Latin America) as key growth drivers. Investors should monitor contract wins, wage/inflationary pressures, input costs, and the pace of new account inflows as primary catalysts and risks to the outlook.