CTASCINTAS CORP
Men's & Boys' Furnishgs, Work Clothg, & Allied Garments
- Revenue
- $11.3B
- 8.9% YoY
- Operating margin
- 23.1%
- 1.4% YoY
- EBITDA
- $3.1B
- 9.3% YoY
- Market cap
- $87.8B
- Employees
- —
- Net debt / EBITDA
- 0.7×
- $2.2B net debt
- AI in 10-K
- 5.7
- mentions per 10K words
Takeover score 0 of 13
Fixable underperformance 0 of 7
- TSR below peersNo0 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$9M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo114% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo73% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo33% of assetsOver 40% of assets
- Shareholder dissentNo96% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo5.7 per 10K words · 85th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo0.7× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedNo$87.8B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$4M netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $7.9B | $8.8B | $9.6B | $10.3B | $11.3B | 8.9% |
| Operating income | $1.6B | $1.8B | $2.1B | $2.4B | $2.6B | 10% |
| Net income | $1.2B | $1.3B | $1.6B | $1.8B | $2.0B | 10% |
| Operating cash flow | $1.5B | $1.6B | $2.1B | $2.2B | $2.3B | 5.1% |
| Capex | $241M | $331M | $409M | $409M | $395M | 3.4% |
| Stock-based comp | $109M | $104M | $117M | $128M | $128M | 0.2% |
| Buybacks | $1.5B | $399M | $700M | $935M | $952M | 1.9% |
| Dividends | $375M | $450M | $531M | $612M | $701M | 15% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| May 3, 2022 | FARMER SCOTT D | SC 13D/A | 24.1% | Passive |
| Dec 28, 2020 | FARMER SCOTT D | SC 13D/A | 13.8% | Passive |
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $4M · 3
- Net
- −$4M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $12M | $484K | 203 | 152 |
| FY2025 | $9M | $35M | 266 | 153 |
| FY2024 | $9M | $35M | 197 | 122 |
| FY2023 | $8M | $20M | 136 | 108 |
| FY2022 | $8M | $18M | 114 | 98 |