What move does the options market price into Cintas's report?

Implied ±6.3%, either direction.

How often does Cintas move more than the options market prices?

2 of the last 6 reports moved at least as far as the implied move.

CTASNasdaqMen's & Boys' Furnishgs, Work Clothg, & Allied Garments

Cintas Corp (CTAS) earnings date, market-implied expected move, and options open interest by expiry

230.17

+6.43 · +2.87%

post 230.85 +0.30%

After hours17:23 ETdelayed

Open223.85Volume2.0MMkt cap$90.9BP/E44.48EPS5.19Div yield0.82%

Day223.75 – 230.85100%52-wk160.31 – 230.74100%

CTAS

Cintas Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±6.3%implied · straddle

214.58243.48

spot 229.03exp Dec 18ATM strike 230ATM straddle 17.00IV 27%

Nov 4 close

Expected move

Inputs

Next report

Dec 17

before open · in 43 days

est.Q2 FY27

Calendar

Next report

Last report

−3.44%

shaded = implied · ▲▼ = realized

Sep 23 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

+4.91%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

1,432 managers

Top fund weight

1.00%

CTAS weight · XLI

N-PORTJun 30 '26

11 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Cintas (CTAS) is expected to report on Dec 17 before open (estimated date).

Implied vs realized

8 reports

2 of 6≥ implied

avg implied: ±4.3%
avg realized: ±2.7%

Dec 19 '24Dec 19 '24confirmed—▼−10.57%—

Mar 26 '25Mar 26 '25confirmed±4.6%▲+5.82%×1.26

Jul 17 '25Jul 17 '25confirmed±4.3%▲+3.69%×0.85

Sep 24 '25Sep 24 '25confirmed±4.1%▼−0.27%×0.07

Q2 FY26Dec 18 '25confirmed±4.6%▲+1.34%×0.29

Q3 FY26Mar 25 '26confirmed±4.2%▼−0.72%×0.17

Q4 FY26Jul 15 '26confirmed±4.2%▲+4.36%×1.04

Q1 FY27Sep 23 '26confirmed—▼−3.44%—

quarterimplied−15%0+15%realized×

Q1 FY27—▼−3.44%—

Q4 FY26±4.2%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 10 expiries · Nov 3 close

0.29OI · 10 expiries · Nov 3 closeP/C open interest · Dec 18 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

4 nearer expiries

182+10%Nov 62d0.49371+68%0.49

92+21%Nov 139d0.22411+23%0.22

3,570+1%Nov 2016d1.023,502−1%1.02

89+68%Nov 2723d0.35251+13%0.35

6+50%Dec 430d6.001−50%6.00

6—Dec 1137d3.002—3.00

ExpiryPutsCallsP/C

4 nearer expiries

Nov 62d182+10%371+68%0.49

Nov 139d92+21%411+23%0.22

Nov 2016d3,570+1%3,502

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±6.3%

Funds 4

XLI±0.1%

VIG±0.0%

QQQ±0.0%

RSP±0.0%

Dashed = straddleMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ1 FY27

18.31%as filednet margin · revenue +3.74% QoQ · +10.88% YoY

Revenue

$3.0B+3.74% QoQ

Gross profit

$1.6B+4.95% QoQ

51.54% margin

Operating income

$712M+5.77% QoQ

23.62% margin

Pre-tax income

$690M+6.39% QoQ

Net income

$552M+7.97% QoQ

18.31% margin

Cost of revenue

$1.5B+2.49% QoQ

Operating expenses

$842M+4.26% QoQ

SG&A $827M

Other operating $14M

Other expense

$22M

Tax

$138M+0.50% QoQ

Revenue$3.0B+3.74%

Gross profit

$1.6B+4.95%

51.54% margin

Operating income

$712M+5.77%

23.62% margin

Pre-tax income

$690M+6.39%

Net income

$552M+7.97%

18.31% margin

Cost of revenue

$1.5B+2.49%

Operating expenses

$842M+4.26%

SG&A $827M

Other operating $14M

Other expense

$22M

Tax$138M+0.50%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Aug 31 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 4 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 17:15 ET

Intraday

Event sensitivity

PPI ×1.61· ±1.6% vs ±1.0% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±1.6%6 of 10×1.61

FOMCrate decision±1.2%13 of 24×1.24

PCEpersonal income & outlays±1.2%12 of 19×1.22

GDPgross domestic product±1.1%11 of 19×1.16

NFPjobs report±1.1%4 of 10×1.12

CPROFcorporate profits±1.0%5 of 12×1.00

CPIconsumer prices±0.8%7 of 10×0.78

Bar = avg |move| to ±2% · tick = ±1.0% avg day · ×base = |move| ÷ ±1.0% · min 6 releases

Earnings history

EPS 1.36 · consensus —

Quarter	Reported	EPS	Consensus
Q1 FY27	Sep 23 '26 · confirmed	1.36	—
Q4 FY26	Jul 15 '26 · confirmed	1.28	—
Q3 FY26	Mar 25 '26 · confirmed	1.24	—
Q2 FY26	Dec 18 '25 · confirmed	1.21	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod