Cintas Corporation rises on 2023 Forbes Global 2000 list
CINCINNATI – Cintas Corporation (Nasdaq: CTAS) has been named to 2023 Forbes’ Global 2000 list, which ranks the largest companies in the world. In 2023, Cintas was ranked No. 884 on the Global 2000 list, rising from No. 976 in 2022.
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 an intentionally strong culture, and it’s the foundation on which we grow our business,” said Todd Schneider, Cintas President and CEO. “We’re proud of the fact that we’ve grown our sales and profits 52 of the past 54 years. Our focus on delivering unmatched value and exceeding the expectations of our customers, our employee-partners and our shareholders has helped us grow a business that’s among the largest and most successful in the world.”
To create its 20th anniversary 2023 Global 2000 list, Forbes used the most recent 12 months of companies’ financial data that was available through May 5, 2023.
Cintas’ fiscal year begins on June 1, resulting in the company’s fiscal year 2022 fourth quarter, and its first, second and third quarters of fiscal year 2023 constituting Forbes’ data sample. Using those four quarters, Forbes calculated Cintas’ qualifying data as $8.61 billion in sales, $1.3 billion in profit, $8.47 billion in assets and a $47.43 billion market value for the previous 12 months ending May 5, 2023.
Cintas officially closed its fiscal year 2023 on May 31, 2023, and reported revenues of $8.82 billion, an increase of 12.2% over fiscal year 2022 revenues of $7.85 billion. Operating income for fiscal 2023 was $1.80 billion compared to $1.59 billion for fiscal 2022, an increase of 13.6%.
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.