Cintas management check
CTAS · Industrials · Diversified Support Services · CEO Todd M. Schneider
Filings as of
5 good · 2 to watch · 0 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2022 grew to $203, against $152 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.34 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.6% of net income$12.2m of reported pay in fiscal 2026, against $2.0bn of net income.
- Watch
Do they own the stock?
CEO stake ≈ 12 years of payThe CEO holds 727,006 shares, directly or through trusts (unvested awards not counted): about 12 years of pay. 2 insiders sold $2.7m in the last six months and none bought.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -0.9% a year over the last three fiscal years. Stock-based pay was 1.1% of revenue in the latest year.
- Good
Is leadership stable?
7 leadership filings in 3 yearsCEO in the pay table: Todd M. Schneider. 7 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Industrials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 92 | 55 | |
| Pay for performance | 67 | 86 | |
| CEO cost | 68 | 48 | |
| Skin in the game | 69 | 55 | |
| Dilution | 61 | 62 | |
| Stable leadership | 90 | 75 | |
| Clean books | 100 | 100 |
Closest peers
Others in Diversified Support Services, by management score. Cintas is 11th of 81 in its sector.
- 64DALDelta Air Lines79
- 73MASMasco78
- 77URIUnited Rentals78
- 78CTASCintas78
- 103LDOSLeidos76
- 411CPRTCopart52
Pay versus performance
From the proxy statement filed September 15, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2026 | Todd M. Schneider | $12.2m | $484k | $3.2m | $203 | $152 | $2.0bn |
| 2025 | Todd M. Schneider | $9.2m | $34.6m | $2.6m | $266 | $153 | $1.8bn |
| 2024 | Todd M. Schneider | $8.8m | $34.9m | $3.4m | $197 | $122 | $1.6bn |
| 2023 | Todd M. Schneider | $7.6m | $19.7m | $2.8m | $136 | $108 | $1.3bn |
| 2022 | Todd M. Schneider | $7.8m | $18.3m | $2.7m | $114 | $98 | $1.2bn |
The board says pay is tied most to adjusted diluted EPS. Its other key measures: Adjusted diluted EPS, Sales growth.
Insiders and the CEO's stake
Todd M. Schneider (CEO and Director) held 727,006 shares directly after their latest Form 4 on Aug 10, 2026, roughly $147.4m at that filing's price.
2 insiders sold $2.7m in the last six months and none bought.
- SoldMelanie W. BarstadDirector$1.9mJul 16, 2026
- SoldRonald W TysoeDirector$872kJul 22, 2026
Leadership and governance on file
- Aug 27, 2026Leadership change8-K 5.02
- Aug 3, 2026Leadership change8-K 5.02
- Apr 4, 2025Leadership change8-K 5.02
- Nov 1, 2024Leadership change8-K 5.02
- Jul 23, 2024Leadership change8-K 5.02
- Apr 9, 2024Leadership change8-K/A 5.02
- Jan 25, 2024Leadership change8-K 5.02
- Apr 11, 2023Leadership change8-K 5.02
- Apr 6, 2023Leadership change8-K 5.02
Latest shareholder vote results: Oct 31, 2025, including the say-on-pay vote.
Where the money went
Over 2021–2025: $7.2bn returned to owners in buybacks and dividends, 90% of net income, and $586.3m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $7.9bn | $8.8bn | $9.6bn | $10.3bn | $11.3bn |
| Net income | $1.2bn | $1.3bn | $1.6bn | $1.8bn | $2.0bn |
| Stock-based pay | $109.3m | $103.6m | $117.0m | $128.3m | $128.1m |
| Buybacks | $1.5bn | $398.9m | $700.0m | $934.8m | $952.1m |
| Dividends | $375.1m | $449.9m | $530.9m | $611.6m | $701.5m |
| Diluted shares | 106m | 414m | 413m | 410m | 406m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.