Rents and launders uniforms, workwear, and workplace supplies like mats and first-aid kits to businesses across the US and Canada—think of it as a linen service for factory floors and hospitals.
Money comes from recurring rental contracts, with revenue of USD 2.73B in fiscal 2025, but margins are thin: gross margin 25.02% and net margin -0.20%, meaning it barely breaks even after costs.
Local delivery routes and long-term contracts create switching costs, but Cintas and UniFirst compete aggressively on price and service, squeezing margins and eroding pricing power.
Key events, in time order
None yet
None yet
No comments yet.
Facts and opinions separated · All items sourced · Not investment advice
