Press release
Cintas Moves Up in the Rankings for the 2024 Forbes Global 2000
The facilities services leader continues to climb the rankings among the world’s biggest corporations, reflecting its continued growth and success
About this update from Cintas Corporation
[{"type":"text","content":"\nThe facilities services leader continues to climb the rankings among the world’s biggest corporations, reflecting its continued growth and success\n\n\n CINCINNATI--(BUSINESS WIRE)--\nCintas Corporation (Nasdaq: CTAS) has been named to the 2024 Forbes Global 2000 list, which ranks the largest companies in the world. Cintas improved its position to No. 839 on the Global 2000 list, rising from No. 884 in 2023. Cintas has grown its sales and profits in 53 of the past 55 years.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240724511264/en/Cintas improved its position to No. 839 on the Global 2000 list, rising from No. 884 in 2023. (Photo: Business Wire)\nTo determine its Global 2000 ranking, Forbes uses data from FactSet Research Systems to screen the largest public global companies using four criteria: sales, profits, assets, and market value.\n\n\n“We have been able to grow and develop our business because of the intentional culture we have fostered at the heart of everything we do,” said Todd Schneider, Cintas President and CEO. “Our employee-partners exemplify this culture, driving us to consistently exceed our customers' expectations. We’re proud to see our position improve on this list and be recognized among the largest and most successful in the world.”\n\n\nTo create its 2024 Global 2000 list, Forbes used the most recent 12 months of companies’ financial data that was available through May 17, 2024.\n\n\nCintas’ fiscal year begins on June 1, resulting in the company’s fiscal year 2023 fourth quarter, and its first, second and third quarters of fiscal year 2024 constituting Forbes’ data sample. Using those four quarters, Forbes calculated Cintas’ qualifying data as $9.41 billion in sales, $1.5 billion in profit, $8.98 billion in assets and a $70.23 billion market value for the previous 12 months ending May 17, 2023.\n\n\nCintas officially closed its fiscal year 2024 on May 31, 2024, and reported revenues of $9.60 billion, an increase of 8.9% over fiscal year 2023 revenues of $8.82 billion. Operating income for fiscal 2024 was $2.07 billion compared to $1.80 billion for fiscal 2023, an increase of 14.8%.\n\n\nAbout Cintas Corporation\n\n\nCintas Corporation helps more than one million businesses of all types and sizes get Ready™ to open their doors with confi...