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Side-by-side financial comparison of Cintas (CTAS) and PENN Entertainment, Inc. (PENN). Click either name above to swap in a different company.

Cintas is the larger business by last-quarter revenue ($2.8B vs $1.8B, roughly 1.6× PENN Entertainment, Inc.). Cintas runs the higher net margin — 17.7% vs -0.2%, a 17.8% gap on every dollar of revenue. On growth, Cintas posted the faster year-over-year revenue change (9.3% vs 6.4%). Over the past eight quarters, Cintas's revenue compounded faster (7.9% CAGR vs 3.4%).

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.

Penn Entertainment, Inc., formerly Penn National Gaming, is an American entertainment company and operator of integrated entertainment, sports content, and casino gambling. It operates 43 properties in 20 states, under brands including Hollywood Casino, Ameristar, and Boomtown. It also owns the Canadian digital media company Score Media and Gaming.

CTAS vs PENN — Head-to-Head

Bigger by revenue
CTAS
CTAS
1.6× larger
CTAS
$2.8B
$1.8B
PENN
Growing faster (revenue YoY)
CTAS
CTAS
+2.9% gap
CTAS
9.3%
6.4%
PENN
Higher net margin
CTAS
CTAS
17.8% more per $
CTAS
17.7%
-0.2%
PENN
Faster 2-yr revenue CAGR
CTAS
CTAS
Annualised
CTAS
7.9%
3.4%
PENN

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
CTAS
CTAS
PENN
PENN
Revenue
$2.8B
$1.8B
Net Profit
$495.3M
$-2.8M
Gross Margin
50.4%
Operating Margin
23.4%
5.5%
Net Margin
17.7%
-0.2%
Revenue YoY
9.3%
6.4%
Net Profit YoY
10.4%
EPS (diluted)
$1.21
$-0.02

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.

Revenue
CTAS
CTAS
PENN
PENN
Q1 26
$1.8B
Q4 25
$2.8B
$1.8B
Q3 25
$2.7B
$1.7B
Q2 25
$2.7B
$1.8B
Q1 25
$2.6B
$1.7B
Q4 24
$2.6B
$1.7B
Q3 24
$2.5B
$1.6B
Q2 24
$2.5B
$1.7B
Net Profit
CTAS
CTAS
PENN
PENN
Q1 26
$-2.8M
Q4 25
$495.3M
$-72.9M
Q3 25
$491.1M
$-864.6M
Q2 25
$448.3M
$-17.4M
Q1 25
$463.5M
$111.8M
Q4 24
$448.5M
$-133.3M
Q3 24
$452.0M
$-36.7M
Q2 24
$414.3M
$-26.8M
Gross Margin
CTAS
CTAS
PENN
PENN
Q1 26
Q4 25
50.4%
Q3 25
50.3%
Q2 25
49.7%
Q1 25
50.6%
Q4 24
49.8%
Q3 24
50.1%
Q2 24
Operating Margin
CTAS
CTAS
PENN
PENN
Q1 26
5.5%
Q4 25
23.4%
-1.0%
Q3 25
22.7%
-45.2%
Q2 25
22.4%
4.4%
Q1 25
23.4%
2.6%
Q4 24
23.1%
-2.9%
Q3 24
22.4%
4.1%
Q2 24
22.2%
4.5%
Net Margin
CTAS
CTAS
PENN
PENN
Q1 26
-0.2%
Q4 25
17.7%
-4.0%
Q3 25
18.1%
-50.3%
Q2 25
16.8%
-1.0%
Q1 25
17.8%
6.7%
Q4 24
17.5%
-8.0%
Q3 24
18.1%
-2.2%
Q2 24
16.8%
-1.6%
EPS (diluted)
CTAS
CTAS
PENN
PENN
Q1 26
$-0.02
Q4 25
$1.21
$-0.36
Q3 25
$1.20
$-6.03
Q2 25
$1.08
$-0.12
Q1 25
$1.13
$0.68
Q4 24
$1.09
$-0.87
Q3 24
$1.10
$-0.24
Q2 24
$4.00
$-0.18

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CTAS
CTAS
PENN
PENN
Cash + ST InvestmentsLiquidity on hand
$200.8M
$708.0M
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.

Cash + ST Investments
CTAS
CTAS
PENN
PENN
Q1 26
$708.0M
Q4 25
$200.8M
$686.6M
Q3 25
$138.1M
$660.1M
Q2 25
$264.0M
$671.6M
Q1 25
$243.4M
$591.6M
Q4 24
$122.4M
$706.6M
Q3 24
$101.4M
$834.0M
Q2 24
$342.0M
$877.6M
Total Debt
CTAS
CTAS
PENN
PENN
Q1 26
Q4 25
$2.4B
$2.9B
Q3 25
$2.4B
$2.9B
Q2 25
$2.4B
$2.8B
Q1 25
$2.0B
$2.6B
Q4 24
$2.0B
$2.8B
Q3 24
$2.0B
$2.8B
Q2 24
$2.0B
$2.8B
Stockholders' Equity
CTAS
CTAS
PENN
PENN
Q1 26
Q4 25
$4.5B
$1.8B
Q3 25
$4.8B
$2.0B
Q2 25
$4.7B
$3.0B
Q1 25
$4.6B
$3.0B
Q4 24
$4.3B
$2.9B
Q3 24
$4.0B
$3.1B
Q2 24
$4.3B
$3.1B
Total Assets
CTAS
CTAS
PENN
PENN
Q1 26
Q4 25
$10.1B
$14.3B
Q3 25
$9.8B
$14.3B
Q2 25
$9.8B
$15.2B
Q1 25
$9.6B
$15.1B
Q4 24
$9.4B
$15.3B
Q3 24
$9.1B
$15.5B
Q2 24
$9.2B
$15.5B
Debt / Equity
CTAS
CTAS
PENN
PENN
Q1 26
Q4 25
0.54×
1.58×
Q3 25
0.51×
1.46×
Q2 25
0.52×
0.94×
Q1 25
0.44×
0.89×
Q4 24
0.47×
0.98×
Q3 24
0.50×
0.91×
Q2 24
0.47×
0.91×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CTAS
CTAS
PENN
PENN
Operating Cash FlowLast quarter
$531.2M
Free Cash FlowOCF − Capex
$425.0M
FCF MarginFCF / Revenue
15.2%
Capex IntensityCapex / Revenue
3.8%
5.3%
Cash ConversionOCF / Net Profit
1.07×
TTM Free Cash FlowTrailing 4 quarters
$1.8B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTAS
CTAS
PENN
PENN
Q1 26
Q4 25
$531.2M
$107.2M
Q3 25
$414.5M
$180.9M
Q2 25
$635.7M
$178.2M
Q1 25
$622.0M
$41.9M
Q4 24
$441.4M
$102.9M
Q3 24
$466.7M
$174.7M
Q2 24
$693.0M
$150.4M
Free Cash Flow
CTAS
CTAS
PENN
PENN
Q1 26
Q4 25
$425.0M
$-83.2M
Q3 25
$312.5M
$8.2M
Q2 25
$521.1M
$18.8M
Q1 25
$522.1M
$-83.3M
Q4 24
$340.0M
$-118.1M
Q3 24
$373.8M
$42.6M
Q2 24
$591.1M
$62.2M
FCF Margin
CTAS
CTAS
PENN
PENN
Q1 26
Q4 25
15.2%
-4.6%
Q3 25
11.5%
0.5%
Q2 25
19.5%
1.1%
Q1 25
20.0%
-5.0%
Q4 24
13.3%
-7.1%
Q3 24
14.9%
2.6%
Q2 24
23.9%
3.7%
Capex Intensity
CTAS
CTAS
PENN
PENN
Q1 26
5.3%
Q4 25
3.8%
10.5%
Q3 25
3.8%
10.1%
Q2 25
4.3%
9.0%
Q1 25
3.8%
7.5%
Q4 24
4.0%
13.2%
Q3 24
3.7%
8.1%
Q2 24
4.1%
5.3%
Cash Conversion
CTAS
CTAS
PENN
PENN
Q1 26
Q4 25
1.07×
Q3 25
0.84×
Q2 25
1.42×
Q1 25
1.34×
0.37×
Q4 24
0.98×
Q3 24
1.03×
Q2 24
1.67×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CTAS
CTAS

Uniform Rental And Facility Services Segment$2.2B77%
First Aid And Safety Services Segment$342.2M12%
Fire Protection Services$222.5M8%
Uniform Direct Sales$79.8M3%

PENN
PENN

Northeast segment (1)$687.1M39%
Interactive (5)$358.3M20%
Midwest segment (4)$305.9M17%
South segment (2)$281.3M16%
West segment (3)$145.8M8%

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