The facilities services leader continues to climb the rankings among the world’s biggest corporations, reflecting its continued growth and success
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.
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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.
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Contacts
Cintas Media Contact:
Michelle Goret, Cintas Vice President of Corporate Affairs | goretm@cintas.com, 513-972-4155
