Cintas Moves Up in the Rankings for the 2024 Forbes Global 2000

Rhea-AI Summary

Cintas (Nasdaq: CTAS) has climbed to No. 839 on the 2024 Forbes Global 2000 list, up from No. 884 in 2023. This ranking reflects Cintas' continued growth and success, with the company increasing sales and profits in 53 of the past 55 years. Forbes used data from FactSet Research Systems to evaluate companies based on sales, profits, assets, and market value.

For the ranking period, Cintas reported $9.41 billion in sales, $1.5 billion in profit, $8.98 billion in assets, and a $70.23 billion market value. The company's fiscal year 2024, which ended May 31, 2024, saw revenues of $9.60 billion, an 8.9% increase from the previous year. Operating income for fiscal 2024 reached $2.07 billion, a 14.8% increase from fiscal 2023.

Positive

• Improved ranking on Forbes Global 2000 list from 884 to 839
• Reported $9.60 billion in revenue for fiscal year 2024, an 8.9% increase
• Operating income increased by 14.8% to $2.07 billion in fiscal 2024
• Consistent growth with sales and profits increasing in 53 of the past 55 years

Negative

• None.

The facilities services leader continues to climb the rankings among the world’s biggest corporations, reflecting its continued growth and success

CINCINNATI--(BUSINESS WIRE)-- Cintas Corporation (Nasdaq: CTAS) has been named to the 2024 Forbes Global 2000 list, which ranks the largest companies in the world. Cintas improved its position to No. 839 on the Global 2000 list, rising from No. 884 in 2023. Cintas has grown its sales and profits in 53 of the past 55 years.

Cintas improved its position to No. 839 on the Global 2000 list, rising from No. 884 in 2023. (Photo: Business Wire)

To determine its Global 2000 ranking, Forbes uses data from FactSet Research Systems to screen the largest public global companies using four criteria: sales, profits, assets, and market value.

“We have been able to grow and develop our business because of the intentional culture we have fostered at the heart of everything we do,” said Todd Schneider, Cintas President and CEO. “Our employee-partners exemplify this culture, driving us to consistently exceed our customers' expectations. We’re proud to see our position improve on this list and be recognized among the largest and most successful in the world.”

To create its 2024 Global 2000 list, Forbes used the most recent 12 months of companies’ financial data that was available through May 17, 2024.

Cintas’ fiscal year begins on June 1, resulting in the company’s fiscal year 2023 fourth quarter, and its first, second and third quarters of fiscal year 2024 constituting Forbes’ data sample. Using those four quarters, Forbes calculated Cintas’ qualifying data as $9.41 billion in sales, $1.5 billion in profit, $8.98 billion in assets and a $70.23 billion market value for the previous 12 months ending May 17, 2023.

Cintas officially closed its fiscal year 2024 on May 31, 2024, and reported revenues of $9.60 billion, an increase of 8.9% over fiscal year 2023 revenues of $8.82 billion. Operating income for fiscal 2024 was $2.07 billion compared to $1.80 billion for fiscal 2023, an increase of 14.8%.

About Cintas Corporation

Cintas Corporation helps more than one million businesses of all types and sizes get Ready™ to open their doors with confidence every day by providing products and services that help keep their customers’ facilities and employees clean, safe, and looking their best. With offerings including uniforms, mats, mops, towels, restroom supplies, workplace water services, first aid and safety products, eye-wash stations, safety training, fire extinguishers, sprinkler systems and alarm service, Cintas helps customers get Ready for the Workday®. Headquartered in Cincinnati, Cintas is a publicly held Fortune 500 company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of both the Standard & Poor’s 500 Index and Nasdaq-100 Index.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240724511264/en/

Cintas Media Contact:

Michelle Goret, Cintas Vice President of Corporate Affairs | goretm@cintas.com, 513-972-4155

Source: Cintas Corporation

FAQ

What is Cintas 's new ranking on the 2024 Forbes Global 2000 list?

Cintas (CTAS) improved its position to No. 839 on the 2024 Forbes Global 2000 list, up from No. 884 in 2023.

How much did Cintas 's revenue grow in fiscal year 2024?

Cintas (CTAS) reported revenues of $9.60 billion for fiscal year 2024, representing an 8.9% increase over the previous year's $8.82 billion.

What was Cintas 's operating income for fiscal year 2024?

Cintas (CTAS) reported an operating income of $2.07 billion for fiscal year 2024, a 14.8% increase from $1.80 billion in fiscal year 2023.

How does Forbes determine the Global 2000 ranking for companies like Cintas?

Forbes uses data from FactSet Research Systems to evaluate companies based on four criteria: sales, profits, assets, and market value for the most recent 12 months of available financial data.