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Side-by-side financial comparison of Cintas (CTAS) and RYDER SYSTEM INC (R). Click either name above to swap in a different company.
RYDER SYSTEM INC is the larger business by last-quarter revenue ($3.1B vs $2.8B, roughly 1.1× Cintas). Cintas runs the higher net margin — 17.7% vs 3.0%, a 14.7% gap on every dollar of revenue. On growth, Cintas posted the faster year-over-year revenue change (9.3% vs 1.0%). Cintas produced more free cash flow last quarter ($425.0M vs $273.0M). Over the past eight quarters, Cintas's revenue compounded faster (7.9% CAGR vs -0.9%).
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.
Ryder System, Inc. is an American transportation and logistics company, specializing in truck rental and leasing, fleet management, supply chain management, and transportation management. It also offers full-service leasing, rental and maintenance, used vehicle sales, transportation management, professional drivers, e-commerce fulfillment, and last-mile delivery services. The company is headquartered in Coral Gables, Florida, and operates in the United States and United Kingdom.
CTAS vs R — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.8B | $3.1B |
| Net Profit | $495.3M | $93.0M |
| Gross Margin | 50.4% | — |
| Operating Margin | 23.4% | — |
| Net Margin | 17.7% | 3.0% |
| Revenue YoY | 9.3% | 1.0% |
| Net Profit YoY | 10.4% | -5.1% |
| EPS (diluted) | $1.21 | $2.34 |
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 | — | $3.1B | ||
| Q4 25 | $2.8B | $3.2B | ||
| Q3 25 | $2.7B | $3.2B | ||
| Q2 25 | $2.7B | $3.2B | ||
| Q1 25 | $2.6B | $3.1B | ||
| Q4 24 | $2.6B | $3.2B | ||
| Q3 24 | $2.5B | $3.2B | ||
| Q2 24 | $2.5B | $3.2B |
| Q1 26 | — | $93.0M | ||
| Q4 25 | $495.3M | $132.0M | ||
| Q3 25 | $491.1M | $138.0M | ||
| Q2 25 | $448.3M | $131.0M | ||
| Q1 25 | $463.5M | $98.0M | ||
| Q4 24 | $448.5M | $135.0M | ||
| Q3 24 | $452.0M | $142.0M | ||
| Q2 24 | $414.3M | $127.0M |
| 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 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 23.4% | 5.6% | ||
| Q3 25 | 22.7% | 6.0% | ||
| Q2 25 | 22.4% | 5.8% | ||
| Q1 25 | 23.4% | 4.3% | ||
| Q4 24 | 23.1% | 5.7% | ||
| Q3 24 | 22.4% | 5.9% | ||
| Q2 24 | 22.2% | 5.6% |
| Q1 26 | — | 3.0% | ||
| Q4 25 | 17.7% | 4.2% | ||
| Q3 25 | 18.1% | 4.4% | ||
| Q2 25 | 16.8% | 4.1% | ||
| Q1 25 | 17.8% | 3.1% | ||
| Q4 24 | 17.5% | 4.2% | ||
| Q3 24 | 18.1% | 4.5% | ||
| Q2 24 | 16.8% | 4.0% |
| Q1 26 | — | $2.34 | ||
| Q4 25 | $1.21 | $3.22 | ||
| Q3 25 | $1.20 | $3.32 | ||
| Q2 25 | $1.08 | $3.13 | ||
| Q1 25 | $1.13 | $2.27 | ||
| Q4 24 | $1.09 | $3.09 | ||
| Q3 24 | $1.10 | $3.24 | ||
| Q2 24 | $4.00 | $2.84 |
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 | $182.0M |
| Total DebtLower is stronger | $2.4B | — |
| Stockholders' EquityBook value | $4.5B | $2.9B |
| Total Assets | $10.1B | — |
| Debt / EquityLower = less leverage | 0.54× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $182.0M | ||
| Q4 25 | $200.8M | $198.0M | ||
| Q3 25 | $138.1M | $189.0M | ||
| Q2 25 | $264.0M | $180.0M | ||
| Q1 25 | $243.4M | $151.0M | ||
| Q4 24 | $122.4M | $154.0M | ||
| Q3 24 | $101.4M | $162.0M | ||
| Q2 24 | $342.0M | $164.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $6.8B | ||
| Q3 25 | $2.4B | $7.3B | ||
| Q2 25 | $2.4B | $7.0B | ||
| Q1 25 | $2.0B | $6.7B | ||
| Q4 24 | $2.0B | $6.7B | ||
| Q3 24 | $2.0B | $6.6B | ||
| Q2 24 | $2.0B | $6.5B |
| Q1 26 | — | $2.9B | ||
| Q4 25 | $4.5B | $3.1B | ||
| Q3 25 | $4.8B | $3.1B | ||
| Q2 25 | $4.7B | $3.1B | ||
| Q1 25 | $4.6B | $3.0B | ||
| Q4 24 | $4.3B | $3.1B | ||
| Q3 24 | $4.0B | $3.1B | ||
| Q2 24 | $4.3B | $3.1B |
| Q1 26 | — | — | ||
| Q4 25 | $10.1B | $16.4B | ||
| Q3 25 | $9.8B | $16.5B | ||
| Q2 25 | $9.8B | $16.5B | ||
| Q1 25 | $9.6B | $16.4B | ||
| Q4 24 | $9.4B | $16.7B | ||
| Q3 24 | $9.1B | $16.5B | ||
| Q2 24 | $9.2B | $16.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.54× | 2.24× | ||
| Q3 25 | 0.51× | 2.35× | ||
| Q2 25 | 0.52× | 2.27× | ||
| Q1 25 | 0.44× | 2.21× | ||
| Q4 24 | 0.47× | 2.14× | ||
| Q3 24 | 0.50× | 2.17× | ||
| Q2 24 | 0.47× | 2.09× |
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 | $583.0M |
| Free Cash FlowOCF − Capex | $425.0M | $273.0M |
| FCF MarginFCF / Revenue | 15.2% | 8.7% |
| Capex IntensityCapex / Revenue | 3.8% | 13.7% |
| Cash ConversionOCF / Net Profit | 1.07× | 6.27× |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | $595.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $583.0M | ||
| Q4 25 | $531.2M | $749.0M | ||
| Q3 25 | $414.5M | $442.0M | ||
| Q2 25 | $635.7M | $752.0M | ||
| Q1 25 | $622.0M | $651.0M | ||
| Q4 24 | $441.4M | $558.0M | ||
| Q3 24 | $466.7M | $629.0M | ||
| Q2 24 | $693.0M | $552.0M |
| Q1 26 | — | $273.0M | ||
| Q4 25 | $425.0M | $344.0M | ||
| Q3 25 | $312.5M | $-85.0M | ||
| Q2 25 | $521.1M | $63.0M | ||
| Q1 25 | $522.1M | $137.0M | ||
| Q4 24 | $340.0M | $-201.0M | ||
| Q3 24 | $373.8M | $30.0M | ||
| Q2 24 | $591.1M | $-87.0M |
| Q1 26 | — | 8.7% | ||
| Q4 25 | 15.2% | 10.8% | ||
| Q3 25 | 11.5% | -2.7% | ||
| Q2 25 | 19.5% | 2.0% | ||
| Q1 25 | 20.0% | 4.4% | ||
| Q4 24 | 13.3% | -6.3% | ||
| Q3 24 | 14.9% | 0.9% | ||
| Q2 24 | 23.9% | -2.7% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 3.8% | 12.8% | ||
| Q3 25 | 3.8% | 16.6% | ||
| Q2 25 | 4.3% | 21.6% | ||
| Q1 25 | 3.8% | 16.4% | ||
| Q4 24 | 4.0% | 23.8% | ||
| Q3 24 | 3.7% | 18.9% | ||
| Q2 24 | 4.1% | 20.1% |
| Q1 26 | — | 6.27× | ||
| Q4 25 | 1.07× | 5.67× | ||
| Q3 25 | 0.84× | 3.20× | ||
| Q2 25 | 1.42× | 5.74× | ||
| Q1 25 | 1.34× | 6.64× | ||
| Q4 24 | 0.98× | 4.13× | ||
| Q3 24 | 1.03× | 4.43× | ||
| Q2 24 | 1.67× | 4.35× |
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% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
