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Side-by-side financial comparison of Cintas (CTAS) and CarMax (KMX). Click either name above to swap in a different company.
Cintas is the larger business by last-quarter revenue ($6.4B vs $5.8B, roughly 1.1× CarMax). Cintas runs the higher net margin — 7.8% vs 1.1%, a 6.7% gap on every dollar of revenue. On growth, Cintas posted the faster year-over-year revenue change (8.9% vs -6.9%). Cintas produced more free cash flow last quarter ($1.3B vs $1.1B). Over the past eight quarters, Cintas's revenue compounded faster (61.2% CAGR vs 1.5%).
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.
CarMax, Inc. is a used vehicle retailer based in the United States. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. The company began as a side business of Circuit City Corporation, Inc., opening its first location in September 1993 in Richmond, Virginia. As of January 2025, CarMax operates 253 locations.
CTAS vs KMX — Head-to-Head
Income Statement — Q4 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.4B | $5.8B |
| Net Profit | $502.5M | $62.2M |
| Gross Margin | 83.1% | 10.2% |
| Operating Margin | 10.3% | — |
| Net Margin | 7.8% | 1.1% |
| Revenue YoY | 8.9% | -6.9% |
| Net Profit YoY | 8.4% | -50.4% |
| EPS (diluted) | $1.24 | $0.43 |
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 | $6.4B | — | ||
| Q4 25 | $2.8B | $5.8B | ||
| Q3 25 | $2.7B | $6.6B | ||
| Q2 25 | $2.7B | $7.5B | ||
| Q1 25 | $2.6B | $6.0B | ||
| Q4 24 | $2.6B | $6.2B | ||
| Q3 24 | $2.5B | $7.0B | ||
| Q2 24 | $2.5B | $7.1B |
| Q1 26 | $502.5M | — | ||
| Q4 25 | $495.3M | $62.2M | ||
| Q3 25 | $491.1M | $95.4M | ||
| Q2 25 | $448.3M | $210.4M | ||
| Q1 25 | $463.5M | $89.9M | ||
| Q4 24 | $448.5M | $125.4M | ||
| Q3 24 | $452.0M | $132.8M | ||
| Q2 24 | $414.3M | $152.4M |
| Q1 26 | 83.1% | — | ||
| Q4 25 | 50.4% | 10.2% | ||
| Q3 25 | 50.3% | 10.9% | ||
| Q2 25 | 49.7% | 11.8% | ||
| Q1 25 | 50.6% | 11.1% | ||
| Q4 24 | 49.8% | 10.9% | ||
| Q3 24 | 50.1% | 10.8% | ||
| Q2 24 | — | 11.1% |
| Q1 26 | 10.3% | — | ||
| Q4 25 | 23.4% | — | ||
| Q3 25 | 22.7% | — | ||
| Q2 25 | 22.4% | — | ||
| Q1 25 | 23.4% | 2.0% | ||
| Q4 24 | 23.1% | 2.7% | ||
| Q3 24 | 22.4% | 2.5% | ||
| Q2 24 | 22.2% | 2.9% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 17.7% | 1.1% | ||
| Q3 25 | 18.1% | 1.4% | ||
| Q2 25 | 16.8% | 2.8% | ||
| Q1 25 | 17.8% | 1.5% | ||
| Q4 24 | 17.5% | 2.0% | ||
| Q3 24 | 18.1% | 1.9% | ||
| Q2 24 | 16.8% | 2.1% |
| Q1 26 | $1.24 | — | ||
| Q4 25 | $1.21 | $0.43 | ||
| Q3 25 | $1.20 | $0.64 | ||
| Q2 25 | $1.08 | $1.38 | ||
| Q1 25 | $1.13 | $0.58 | ||
| Q4 24 | $1.09 | $0.81 | ||
| Q3 24 | $1.10 | $0.85 | ||
| Q2 24 | $4.00 | $0.97 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $183.2M | $204.9M |
| Total DebtLower is stronger | — | $16.6B |
| Stockholders' EquityBook value | $4.8B | $6.1B |
| Total Assets | — | $25.6B |
| Debt / EquityLower = less leverage | — | 2.74× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $183.2M | — | ||
| Q4 25 | $200.8M | $204.9M | ||
| Q3 25 | $138.1M | $540.4M | ||
| Q2 25 | $264.0M | $262.8M | ||
| Q1 25 | $243.4M | $247.0M | ||
| Q4 24 | $122.4M | $271.9M | ||
| Q3 24 | $101.4M | $524.7M | ||
| Q2 24 | $342.0M | $218.9M |
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $16.6B | ||
| Q3 25 | $2.4B | $17.8B | ||
| Q2 25 | $2.4B | $18.0B | ||
| Q1 25 | $2.0B | $18.1B | ||
| Q4 24 | $2.0B | $18.1B | ||
| Q3 24 | $2.0B | $18.1B | ||
| Q2 24 | $2.0B | $18.2B |
| Q1 26 | $4.8B | — | ||
| Q4 25 | $4.5B | $6.1B | ||
| Q3 25 | $4.8B | $6.2B | ||
| Q2 25 | $4.7B | $6.3B | ||
| Q1 25 | $4.6B | $6.2B | ||
| Q4 24 | $4.3B | $6.2B | ||
| Q3 24 | $4.0B | $6.2B | ||
| Q2 24 | $4.3B | $6.2B |
| Q1 26 | — | — | ||
| Q4 25 | $10.1B | $25.6B | ||
| Q3 25 | $9.8B | $27.1B | ||
| Q2 25 | $9.8B | $27.4B | ||
| Q1 25 | $9.6B | $27.4B | ||
| Q4 24 | $9.4B | $27.3B | ||
| Q3 24 | $9.1B | $27.3B | ||
| Q2 24 | $9.2B | $27.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.54× | 2.74× | ||
| Q3 25 | 0.51× | 2.87× | ||
| Q2 25 | 0.52× | 2.86× | ||
| Q1 25 | 0.44× | 2.91× | ||
| Q4 24 | 0.47× | 2.92× | ||
| Q3 24 | 0.50× | 2.93× | ||
| Q2 24 | 0.47× | 2.95× |
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 | $1.6B | $1.3B |
| Free Cash FlowOCF − Capex | $1.3B | $1.1B |
| FCF MarginFCF / Revenue | 19.7% | 19.2% |
| Capex IntensityCapex / Revenue | 4.7% | 2.4% |
| Cash ConversionOCF / Net Profit | 3.12× | 20.14× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $1.9B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.6B | — | ||
| Q4 25 | $531.2M | $1.3B | ||
| Q3 25 | $414.5M | $785.5M | ||
| Q2 25 | $635.7M | $299.5M | ||
| Q1 25 | $622.0M | $146.4M | ||
| Q4 24 | $441.4M | $-23.4M | ||
| Q3 24 | $466.7M | $619.1M | ||
| Q2 24 | $693.0M | $-117.7M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $425.0M | $1.1B | ||
| Q3 25 | $312.5M | $654.0M | ||
| Q2 25 | $521.1M | $162.8M | ||
| Q1 25 | $522.1M | $18.8M | ||
| Q4 24 | $340.0M | $-150.6M | ||
| Q3 24 | $373.8M | $509.9M | ||
| Q2 24 | $591.1M | $-221.6M |
| Q1 26 | 19.7% | — | ||
| Q4 25 | 15.2% | 19.2% | ||
| Q3 25 | 11.5% | 9.9% | ||
| Q2 25 | 19.5% | 2.2% | ||
| Q1 25 | 20.0% | 0.3% | ||
| Q4 24 | 13.3% | -2.4% | ||
| Q3 24 | 14.9% | 7.3% | ||
| Q2 24 | 23.9% | -3.1% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 3.8% | 2.4% | ||
| Q3 25 | 3.8% | 2.0% | ||
| Q2 25 | 4.3% | 1.8% | ||
| Q1 25 | 3.8% | 2.1% | ||
| Q4 24 | 4.0% | 2.0% | ||
| Q3 24 | 3.7% | 1.6% | ||
| Q2 24 | 4.1% | 1.5% |
| Q1 26 | 3.12× | — | ||
| Q4 25 | 1.07× | 20.14× | ||
| Q3 25 | 0.84× | 8.24× | ||
| Q2 25 | 1.42× | 1.42× | ||
| Q1 25 | 1.34× | 1.63× | ||
| Q4 24 | 0.98× | -0.19× | ||
| Q3 24 | 1.03× | 4.66× | ||
| Q2 24 | 1.67× | -0.77× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTAS
Segment breakdown not available.
KMX
| Used Vehicles | $4.5B | 78% |
| Wholesale Vehicles | $1.1B | 19% |
| Other | $150.6M | 3% |
| Extendedprotectionplan Domain | $96.6M | 2% |
| Advertising Subscription Revenues Domain | $35.1M | 1% |
| Service Domain | $18.5M | 0% |
| Thirdpartyfinancefees Domain | $3.0M | 0% |
