Report published September 23, 2026

Cintas Corp. F1Q First Take: Beat-and-Raise Quarter Lifted by Accelerating Organic Revenue Growth and Record Margins – Goldman Sachs Equity Research

Goldman Sachs · September 23, 2026

Cintas reported strong F1Q 2027 results exceeding consensus on both revenue ($3,014M, +8.9% organic) and EPS ($1.39 vs. $1.35 consensus), while expanding operating margins to a record 23.6%. Following the performance, management raised full-year F2027 revenue and EPS guidance.

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Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Key Takeaways

1.Cintas delivered an F1Q beat across the board, with revenue of $3,014.0M (+10.9% y/y, 8.9% organic) and EPS of $1.39 surpassing both Goldman Sachs and FactSet consensus expectations.
2.Operating margins expanded 90 bps y/y to reach a record 23.6%, supported by value-based pricing and productivity gains despite incurring $14.4M in acquisition-related transaction expenses.
3.Full-year F2027 guidance was raised for both revenue (to $12,150–$12,270M, implying 8.4% midpoint growth) and EPS (to $5.45–$5.54, with midpoint up to $5.50).

Actuals vs GS and FactSet estimates
Guidance vs Street
Valuation
Risks

Report data

Exhibit 1: F1Q Actuals vs GS and FactSet Estimates — as of September 22, 2026.

Metric	Estimate	Context
F1Q Actual Revenue	3014.0 USD Millions	Actual revenue vs. GS estimate of $2,989.3M and FactSet consensus of $2,983.9M
F1Q Organic Revenue Growth	8.9%	Accelerated from 8.4% in the prior quarter and ahead of GS estimate of 8.6%
F1Q Adjusted Operating Margin	23.6%	Record operating margin including $14.4mn transaction expenses
F1Q Diluted EPS	1.39 USD	Outperformed GS estimate of $1.33 and consensus of $1.35
12-month Price Target	231.00 USD	Based on 25.0x NTM +1 YR EBITDA estimate of $3,778mn

Source: FactSet, Company data, Goldman Sachs Global Investment Research; Company data; Goldman Sachs Global Investment Research. This is a dated model snapshot, not a live forecast.