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Side-by-side financial comparison of Cintas (CTAS) and Kyndryl Holdings, Inc. (KD). Click either name above to swap in a different company.
Kyndryl Holdings, Inc. is the larger business by last-quarter revenue ($3.8B vs $2.8B, roughly 1.3× Cintas). Cintas runs the higher net margin — 17.7% vs 0.5%, a 17.2% gap on every dollar of revenue. On growth, Cintas posted the faster year-over-year revenue change (9.3% vs 0.0%). Kyndryl Holdings, Inc. produced more free cash flow last quarter ($2.0B vs $425.0M). Over the past eight quarters, Cintas's revenue compounded faster (7.9% CAGR vs 0.4%).
Cintas Corporation is an American corporation headquartered in Mason, Ohio, which provides a range of products and services to businesses including uniforms, mats, mops, cleaning and restroom supplies, first aid and safety products, fire extinguishers and testing, and safety courses. Cintas is a publicly held company traded on the Nasdaq Global Select Market under the symbol CTAS and is a component of the S&P 500 Index.
Kyndryl Holdings, Inc. is an American multinational information technology infrastructure services provider, headquartered in New York City and created from the spin-off of IBM's infrastructure services business in 2021. The company designs, builds, manages and develops large-scale information systems. The company also has business advisory services. It is currently the world's largest IT infrastructure services provider, and the fifth-largest consulting provider.
CTAS vs KD — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.8B | $3.8B |
| Net Profit | $495.3M | $17.0M |
| Gross Margin | 50.4% | — |
| Operating Margin | 23.4% | 3.5% |
| Net Margin | 17.7% | 0.5% |
| Revenue YoY | 9.3% | 0.0% |
| Net Profit YoY | 10.4% | -75.0% |
| EPS (diluted) | $1.21 | $0.08 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $3.8B | ||
| Q4 25 | $2.8B | $3.9B | ||
| Q3 25 | $2.7B | $3.7B | ||
| Q2 25 | $2.7B | $3.7B | ||
| Q1 25 | $2.6B | $3.8B | ||
| Q4 24 | $2.6B | $3.7B | ||
| Q3 24 | $2.5B | $3.8B | ||
| Q2 24 | $2.5B | $3.7B |
| Q1 26 | — | $17.0M | ||
| Q4 25 | $495.3M | $57.0M | ||
| Q3 25 | $491.1M | $68.0M | ||
| Q2 25 | $448.3M | $56.0M | ||
| Q1 25 | $463.5M | $69.0M | ||
| Q4 24 | $448.5M | $215.0M | ||
| Q3 24 | $452.0M | $-43.0M | ||
| Q2 24 | $414.3M | $11.0M |
| Q1 26 | — | — | ||
| Q4 25 | 50.4% | 21.8% | ||
| Q3 25 | 50.3% | 21.5% | ||
| Q2 25 | 49.7% | 21.3% | ||
| Q1 25 | 50.6% | 21.7% | ||
| Q4 24 | 49.8% | 20.4% | ||
| Q3 24 | 50.1% | 19.9% | ||
| Q2 24 | — | 21.5% |
| Q1 26 | — | 3.5% | ||
| Q4 25 | 23.4% | 2.4% | ||
| Q3 25 | 22.7% | 2.6% | ||
| Q2 25 | 22.4% | 2.5% | ||
| Q1 25 | 23.4% | 3.1% | ||
| Q4 24 | 23.1% | 6.9% | ||
| Q3 24 | 22.4% | -0.1% | ||
| Q2 24 | 22.2% | 1.7% |
| Q1 26 | — | 0.5% | ||
| Q4 25 | 17.7% | 1.5% | ||
| Q3 25 | 18.1% | 1.8% | ||
| Q2 25 | 16.8% | 1.5% | ||
| Q1 25 | 17.8% | 1.8% | ||
| Q4 24 | 17.5% | 5.7% | ||
| Q3 24 | 18.1% | -1.1% | ||
| Q2 24 | 16.8% | 0.3% |
| Q1 26 | — | $0.08 | ||
| Q4 25 | $1.21 | $0.25 | ||
| Q3 25 | $1.20 | $0.29 | ||
| Q2 25 | $1.08 | $0.23 | ||
| Q1 25 | $1.13 | $0.30 | ||
| Q4 24 | $1.09 | $0.89 | ||
| Q3 24 | $1.10 | $-0.19 | ||
| Q2 24 | $4.00 | $0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $200.8M | $2.6B |
| Total DebtLower is stronger | $2.4B | — |
| Stockholders' EquityBook value | $4.5B | — |
| Total Assets | $10.1B | — |
| Debt / EquityLower = less leverage | 0.54× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.6B | ||
| Q4 25 | $200.8M | $1.3B | ||
| Q3 25 | $138.1M | $1.3B | ||
| Q2 25 | $264.0M | $1.5B | ||
| Q1 25 | $243.4M | $1.8B | ||
| Q4 24 | $122.4M | $1.5B | ||
| Q3 24 | $101.4M | $1.3B | ||
| Q2 24 | $342.0M | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $2.3B | ||
| Q3 25 | $2.4B | $3.0B | ||
| Q2 25 | $2.4B | $3.0B | ||
| Q1 25 | $2.0B | $3.0B | ||
| Q4 24 | $2.0B | $3.1B | ||
| Q3 24 | $2.0B | $3.1B | ||
| Q2 24 | $2.0B | $3.1B |
| Q1 26 | — | — | ||
| Q4 25 | $4.5B | $1.2B | ||
| Q3 25 | $4.8B | $1.2B | ||
| Q2 25 | $4.7B | $1.2B | ||
| Q1 25 | $4.6B | $1.2B | ||
| Q4 24 | $4.3B | $1.1B | ||
| Q3 24 | $4.0B | $1.1B | ||
| Q2 24 | $4.3B | $996.0M |
| Q1 26 | — | — | ||
| Q4 25 | $10.1B | $11.3B | ||
| Q3 25 | $9.8B | $11.2B | ||
| Q2 25 | $9.8B | $11.5B | ||
| Q1 25 | $9.6B | $10.5B | ||
| Q4 24 | $9.4B | $9.9B | ||
| Q3 24 | $9.1B | $10.4B | ||
| Q2 24 | $9.2B | $10.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.54× | 1.92× | ||
| Q3 25 | 0.51× | 2.45× | ||
| Q2 25 | 0.52× | 2.44× | ||
| Q1 25 | 0.44× | 2.50× | ||
| Q4 24 | 0.47× | 2.81× | ||
| Q3 24 | 0.50× | 2.92× | ||
| Q2 24 | 0.47× | 3.12× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $531.2M | $948.0M |
| Free Cash FlowOCF − Capex | $425.0M | $2.0B |
| FCF MarginFCF / Revenue | 15.2% | 53.8% |
| Capex IntensityCapex / Revenue | 3.8% | 16.1% |
| Cash ConversionOCF / Net Profit | 1.07× | 55.76× |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $948.0M | ||
| Q4 25 | $531.2M | $428.0M | ||
| Q3 25 | $414.5M | $146.0M | ||
| Q2 25 | $635.7M | $-124.0M | ||
| Q1 25 | $622.0M | $581.0M | ||
| Q4 24 | $441.4M | $260.0M | ||
| Q3 24 | $466.7M | $149.0M | ||
| Q2 24 | $693.0M | $-48.0M |
| Q1 26 | — | $2.0B | ||
| Q4 25 | $425.0M | $208.0M | ||
| Q3 25 | $312.5M | $17.0M | ||
| Q2 25 | $521.1M | $-267.0M | ||
| Q1 25 | $522.1M | $341.0M | ||
| Q4 24 | $340.0M | $151.0M | ||
| Q3 24 | $373.8M | $15.0M | ||
| Q2 24 | $591.1M | $-170.0M |
| Q1 26 | — | 53.8% | ||
| Q4 25 | 15.2% | 5.4% | ||
| Q3 25 | 11.5% | 0.5% | ||
| Q2 25 | 19.5% | -7.1% | ||
| Q1 25 | 20.0% | 9.0% | ||
| Q4 24 | 13.3% | 4.0% | ||
| Q3 24 | 14.9% | 0.4% | ||
| Q2 24 | 23.9% | -4.5% |
| Q1 26 | — | 16.1% | ||
| Q4 25 | 3.8% | 5.7% | ||
| Q3 25 | 3.8% | 3.5% | ||
| Q2 25 | 4.3% | 3.8% | ||
| Q1 25 | 3.8% | 6.3% | ||
| Q4 24 | 4.0% | 2.9% | ||
| Q3 24 | 3.7% | 3.6% | ||
| Q2 24 | 4.1% | 3.3% |
| Q1 26 | — | 55.76× | ||
| Q4 25 | 1.07× | 7.51× | ||
| Q3 25 | 0.84× | 2.15× | ||
| Q2 25 | 1.42× | -2.21× | ||
| Q1 25 | 1.34× | 8.42× | ||
| Q4 24 | 0.98× | 1.21× | ||
| Q3 24 | 1.03× | — | ||
| Q2 24 | 1.67× | -4.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTAS
| Uniform Rental And Facility Services Segment | $2.2B | 77% |
| First Aid And Safety Services Segment | $342.2M | 12% |
| Fire Protection Services | $222.5M | 8% |
| Uniform Direct Sales | $79.8M | 3% |
KD
| Principal Markets | $1.3B | 34% |
| United States | $1.0B | 27% |
| Strategic Markets | $916.0M | 24% |
| Japan | $556.0M | 15% |
