Copart (CPRT) Financials

$45.11 +0.54 (+1.21%)

Closing price 10/3/2025 04:00 PM Eastern

Extended Trading

$45.22 +0.12 (+0.25%)

As of 10/3/2025 07:59 PM Eastern

Annual Income Statements for Copart

This table shows Copart's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	7/31/2015	7/31/2016	7/31/2017	7/31/2018	7/31/2019	7/31/2020	7/31/2021	7/31/2022	7/31/2023	7/31/2024	7/31/2025
Net Income / (Loss) Attributable to Common Shareholders	220	270	394	418	592	700	936	1,090	1,238	1,363	1,552
Consolidated Net Income / (Loss)	220	270	394	418	592	700	936	1,090	1,238	1,362	1,548
Net Income / (Loss) Continuing Operations	220	270	394	418	592	700	936	1,090	1,238	1,362	1,548
Total Pre-Tax Income	332	396	440	563	705	801	1,122	1,341	1,554	1,715	1,896
Total Operating Income	344	406	461	584	716	816	1,136	1,375	1,487	1,572	1,697
Total Gross Profit	483	545	632	762	898	1,233	1,343	2,191	3,255	3,617	4,044
Total Revenue	1,146	1,268	1,448	1,806	2,042	2,206	2,693	3,501	3,870	4,237	4,647
Operating Revenue	1,146	1,268	1,448	1,806	2,042	2,206	2,693	3,501	3,870	4,237	4,647
Total Cost of Revenue	663	724	816	1,043	1,144	972	1,349	1,309	614	619	603
Operating Cost of Revenue	663	724	816	1,043	1,144	972	1,349	1,309	614	619	603
Total Operating Expenses	139	138	171	178	182	417	207	816	1,768	2,045	2,347
Selling, General & Admin Expense	139	138	151	177	182	192	207	231	250	335	403
Other Operating Expenses / (Income)	-	-	-	-	-	225	-	585	1,518	1,710	1,944
Total Other Income / (Expense), net	-12	-11	-21	-22	-12	-15	-15	-34	68	143	199
Interest & Investment Income	0.82	1.45	1.41	1.29	-	-	-	-17	66	146	179
Other Income / (Expense), net	4.97	12	1.17	-2.76	6.06	3.61	5.67	-0.60	1.83	-3.10	20
Income Tax Expense	112	126	46	145	113	101	185	251	317	352	347
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	0.03	0.14	-	-	-	0.00	0.00	-0.67	-4.09
Basic Earnings per Share	$0.87	$1.18	$1.72	$1.80	$2.57	$3.00	$0.99	$1.15	$1.30	$1.42	$1.61
Weighted Average Basic Shares Outstanding	251.83M	228.85M	228.69M	231.79M	230.49M	233.20M	945.01M	949.68M	953.57M	960.74M	965.31M
Diluted Earnings per Share	$0.84	$1.11	$1.66	$1.73	$2.46	$2.93	$0.97	$1.13	$1.28	$1.40	$1.59
Weighted Average Diluted Shares Outstanding	262.85M	244.30M	237.02M	241.88M	240.45M	238.66M	961.16M	964.60M	966.65M	974.80M	977.56M
Weighted Average Basic & Diluted Shares Outstanding	125.60M	229.10M	229.20M	232.10M	240.45M	471.94M	240.29M	238.06M	957.36M	963.29M	967.73M

This table shows Copart's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025
Net Income / (Loss) Attributable to Common Shareholders	294	350	348	333	326	382	323	362	387	407	396
Consolidated Net Income / (Loss)	294	350	348	333	326	382	322	361	387	405	395
Net Income / (Loss) Continuing Operations	294	350	348	333	326	382	322	361	387	405	395
Total Pre-Tax Income	377	440	424	423	411	472	408	451	463	503	478
Total Operating Income	366	419	391	395	380	437	360	406	426	452	413
Total Gross Profit	427	483	1,072	873	873	964	1,073	1,009	1,016	1,042	978
Total Revenue	957	1,022	998	1,020	1,020	1,127	1,069	1,147	1,163	1,212	1,125
Operating Revenue	957	1,022	998	1,020	1,020	1,127	1,069	1,147	1,163	1,212	1,125
Total Cost of Revenue	530	538	-74	148	147	163	-4.06	138	148	170	147
Operating Cost of Revenue	530	538	-74	148	147	163	-4.06	138	148	170	147
Total Operating Expenses	61	65	681	477	493	527	714	602	589	590	565
Selling, General & Admin Expense	61	65	67	69	84	88	94	106	99	101	97
Other Operating Expenses / (Income)	-	-	-	409	409	439	-	497	490	490	468
Total Other Income / (Expense), net	12	22	33	28	31	35	49	45	37	51	66
Interest & Investment Income	-	-	-	32	34	36	-	46	41	43	50
Other Income / (Expense), net	-2.90	3.63	3.93	-4.07	-3.10	-1.31	5.39	-0.60	-3.91	8.48	16
Income Tax Expense	83	90	76	91	85	90	86	90	77	97	83
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	-	0.01	-0.11	-0.18	-0.39	-0.91	-0.86	-1.27	-1.05
Basic Earnings per Share	$0.31	$0.37	$0.36	$0.35	$0.34	$0.40	$0.34	$0.38	$0.40	$0.42	$0.41
Weighted Average Basic Shares Outstanding	952.75M	953.57M	953.57M	958.13M	960.53M	961.81M	960.74M	963.18M	964.75M	966.23M	965.31M
Diluted Earnings per Share	$0.30	$0.36	$0.36	$0.34	$0.33	$0.39	$0.34	$0.37	$0.40	$0.42	$0.41
Weighted Average Diluted Shares Outstanding	965.07M	967.38M	966.65M	971.68M	974.59M	976.45M	974.80M	976.51M	977.91M	978.09M	977.56M
Basic & Diluted Earnings per Share	-	-	$0.36	-	-	-	$0.34	-	-	-	$0.41
Weighted Average Basic & Diluted Shares Outstanding	476.59M	477.44M	957.36M	960.23M	961.46M	962.30M	963.29M	963.53M	966.09M	966.94M	967.73M

This table details how cash moves in and out of Copart's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	7/31/2015	7/31/2016	7/31/2017	7/31/2018	7/31/2019	7/31/2020	7/31/2021	7/31/2022	7/31/2023	7/31/2024	7/31/2025
Net Change in Cash & Equivalents	297	-300	54	64	-88	291	571	336	-427	557	1,266
Net Cash From Operating Activities	265	332	492	535	647	918	991	1,177	1,364	1,473	1,800
Net Cash From Continuing Operating Activities	265	332	492	535	647	918	991	1,177	1,364	1,473	1,800
Net Income / (Loss) Continuing Operations	220	270	394	418	592	700	936	1,090	1,238	1,362	1,548
Consolidated Net Income / (Loss)	220	270	394	418	592	700	936	1,090	1,238	1,362	1,548
Depreciation Expense	49	50	57	79	85	104	123	139	160	190	218
Non-Cash Adjustments To Reconcile Net Income	14	23	41	30	21	24	35	56	45	35	24
Changes in Operating Assets and Liabilities, net	-17	-10	-0.89	8.51	-51	89	-104	-108	-78	-115	9.12
Net Cash From Investing Activities	-82	-173	-336	-288	-356	-601	-465	-442	-1,892	-940	-587
Net Cash From Continuing Investing Activities	-82	-173	-336	-288	-356	-601	-465	-442	-1,892	-940	-587
Purchase of Property, Plant & Equipment	-79	-174	-172	-288	-374	-592	-463	-337	-517	-511	-569
Acquisitions	-4.50	0.00	-164	-8.79	-0.75	-12	-5.00	-107	0.00	0.00	-1.22
Purchase of Investments	0.00	-21	-	-	-	0.00	0.00	-377	-1,409	-4,096	-4,009
Sale of Property, Plant & Equipment	1.74	0.66	0.77	6.43	18	2.47	2.53	4.33	34	4.17	32
Divestitures	-	0.00	0.00	1.80	-	-	-	-	0.00	18	0.00
Sale and/or Maturity of Investments	0.00	21	-	-	-	0.00	0.00	375	0.00	3,645	3,960
Net Cash From Financing Activities	120	-448	-107	-182	-370	-27	41	-383	67	19	52
Net Cash From Continuing Financing Activities	120	-448	-107	-182	-370	-27	41	-383	67	19	52
Repayment of Debt	-351	-101	-7.00	-231	0.00	-2.81	0.00	-418	-34	-11	0.00
Issuance of Debt	699	93	-	-	-	-	0.00	0.00	44	0.00	0.00
Issuance of Common Equity	3.08	3.37	4.27	5.85	7.18	8.28	9.14	9.63	11	12	15
Other Financing Activities, net	2.78	-1.80	-104	43	-12	-33	32	26	45	18	37
Effect of Exchange Rate Changes	-6.18	-11	4.96	-0.14	-8.28	2.14	4.20	-16	34	4.96	2.01
Cash Interest Paid	18	24	23	20	19	20	20	19	2.61	3.13	2.02
Cash Income Taxes Paid	110	128	14	142	82	84	178	263	258	286	409

This table details how cash moves in and out of Copart's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025
Net Change in Cash & Equivalents	122	453	-1,157	1,624	-1,325	-167	424	2,184	-359	-972	414
Net Cash From Operating Activities	188	506	359	375	162	496	439	482	178	701	438
Net Cash From Continuing Operating Activities	188	506	359	375	162	496	439	482	178	701	438
Net Income / (Loss) Continuing Operations	294	350	348	333	326	382	322	361	387	405	395
Consolidated Net Income / (Loss)	294	350	348	333	326	382	322	361	387	405	395
Depreciation Expense	39	37	44	43	45	51	51	55	54	55	54
Non-Cash Adjustments To Reconcile Net Income	12	11	8.76	3.55	11	15	5.33	11	9.18	7.35	-3.40
Changes in Operating Assets and Liabilities, net	-156	108	-42	-4.19	-220	49	61	55	-272	234	-7.58
Net Cash From Investing Activities	-90	-86	-1,563	1,235	-1,483	-669	-24	1,702	-575	-1,687	-28
Net Cash From Continuing Investing Activities	-90	-86	-1,563	1,235	-1,483	-669	-24	1,702	-575	-1,687	-28
Purchase of Property, Plant & Equipment	-104	-90	-170	-162	-123	-88	-138	-237	-117	-128	-88
Acquisitions	-	-	-	0.00	-	-	-	-1.26	0.04	-	-0.01
Purchase of Investments	-1.99	-0.75	-1,407	-1.00	-1,411	-1,067	-1,616	0.00	-459	-1,562	-1,988
Sale of Property, Plant & Equipment	16	4.17	13	0.92	1.15	1.38	0.71	0.24	0.42	3.87	27
Sale and/or Maturity of Investments	-	-	-	1,380	50	485	1,730	1,940	-	-	2,020
Net Cash From Financing Activities	15	36	16	7.41	-0.96	4.44	8.38	2.14	36	6.46	7.93
Net Cash From Continuing Financing Activities	15	36	16	7.41	-0.96	4.44	8.38	2.14	36	6.46	7.93
Issuance of Common Equity	-	-	5.74	-	-	-0.00	6.45	-	-	-	7.28
Other Financing Activities, net	9.21	14	21	7.41	3.90	4.44	1.94	2.14	28	6.46	0.66
Effect of Exchange Rate Changes	8.61	-1.87	32	-	-	1.12	0.10	-	-	6.81	-3.98
Cash Interest Paid	0.64	0.88	1.03	0.10	1.94	-0.09	1.18	0.01	1.36	0.60	0.05
Cash Income Taxes Paid	93	73	86	9.07	179	78	19	81	196	42	90

This table presents Copart's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	7/31/2015	7/31/2016	7/31/2017	7/31/2018	7/31/2019	7/31/2020	7/31/2021	7/31/2022	7/31/2023	7/31/2024	7/31/2025
Total Assets	1,799	1,650	1,983	2,308	2,548	3,455	4,562	5,309	6,738	8,428	10,091
Total Current Assets	735	499	587	709	687	964	1,703	2,202	3,263	4,418	5,755
Cash & Equivalents	456	156	210	275	-	-	-	1,384	957	1,514	2,781
Short-Term Investments	-	-	-	-	-	-	-	0.00	1,407	1,908	2,009
Accounts Receivable	216	266	312	352	367	350	481	579	702	786	763
Inventories, net	8.61	10	10	17	21	20	45	59	40	44	40
Prepaid Expenses	20	18	18	17	17	15	14	19	26	34	46
Current Deferred & Refundable Income Taxes	9.49	20	6.42	15	20	27	20	50	6.57	0.00	0.58
Other Current Assets	25	29	31	34	77	74	94	112	124	133	116
Plant, Property, & Equipment, net	700	817	944	1,163	1,428	1,942	2,297	2,486	2,844	3,176	3,598
Total Noncurrent Assets	364	334	451	435	433	550	563	621	631	834	738
Goodwill	272	260	340	337	333	344	356	402	394	514	518
Intangible Assets	18	12	76	65	55	48	46	55	63	74	63
Other Noncurrent Operating Assets	45	38	34	33	44	158	161	164	174	246	158
Total Liabilities & Shareholders' Equity	1,799	1,650	1,983	2,308	2,548	3,455	4,562	5,309	6,738	8,428	10,091
Total Liabilities	834	875	884	727	769	966	1,033	683	750	879	883
Total Current Liabilities	213	279	302	277	282	356	421	441	493	629	683
Accounts Payable	147	192	208	271	271	319	370	399	441	518	592
Current Deferred Revenue	3.72	4.63	5.02	4.49	6.47	8.23	21	20	26	28	30
Current Deferred & Payable Income Tax Liabilities	8.28	5.63	6.56	0.67	3.48	3.71	7.76	0.00	4.37	61	41
Other Current Liabilities	-	-	-	-	0.00	-	22	22	21	21	20
Total Noncurrent Liabilities	621	597	582	449	487	514	612	242	258	251	200
Noncurrent Deferred Revenue	21	26	25	27	35	45	52	65	69	60	36
Noncurrent Deferred & Payable Income Tax Liabilities	5.32	3.82	3.19	20	49	72	64	80	89	94	81
Other Noncurrent Operating Liabilities	3.75	2.78	3.10	3.59	3.34	-	98	96	88	97	84
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	-	-	0.00	25	20
Total Equity & Noncontrolling Interests	964	774	1,099	1,581	1,778	2,490	3,529	4,626	5,987	7,524	9,187
Total Preferred & Common Equity	964	774	1,098	1,581	1,778	2,490	3,529	4,626	5,987	7,524	9,187
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	964	774	1,098	1,581	1,778	2,490	3,529	4,626	5,987	7,524	9,187
Common Stock	408	392	453	527	573	673	762	839	939	1,121	1,214
Retained Earnings	625	491	745	1,162	1,338	1,938	2,868	3,956	5,189	6,546	8,093
Accumulated Other Comprehensive Income / (Loss)	-69	-109	-101	-108	-133	-121	-101	-169	-141	-143	-120

This table presents Copart's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	10/31/2022	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025
Total Assets	5,594	5,932	6,350	6,738	7,334	7,599	8,011	8,428	8,869	9,187	9,672
Total Current Assets	2,365	2,639	3,001	3,263	3,585	3,748	4,149	4,418	4,733	4,967	5,359
Cash & Equivalents	1,539	1,661	2,114	957	2,582	1,257	1,090	1,514	3,698	3,339	2,366
Short-Term Investments	-	-	-	1,407	49	1,411	2,000	1,908	0.00	459	2,018
Accounts Receivable	629	765	694	702	756	846	823	786	802	883	758
Inventories, net	54	52	45	40	43	43	47	44	52	59	45
Prepaid Expenses	21	27	28	26	28	36	41	34	33	36	55
Other Current Assets	117	134	120	124	128	138	125	133	148	143	118
Plant, Property, & Equipment, net	2,582	2,656	2,711	2,844	2,944	3,043	3,073	3,176	3,363	3,463	3,569
Total Noncurrent Assets	647	637	638	631	805	807	788	834	773	758	744
Goodwill	395	404	407	394	501	511	511	514	514	510	519
Intangible Assets	52	51	50	63	82	84	77	74	73	68	66
Other Noncurrent Operating Assets	200	182	182	174	223	213	200	246	186	180	159
Total Liabilities & Shareholders' Equity	5,594	5,932	6,350	6,738	7,334	7,599	8,011	8,428	8,869	9,187	9,672
Total Liabilities	741	719	757	750	897	786	814	879	950	863	870
Total Current Liabilities	504	488	507	493	624	526	563	629	715	630	657
Accounts Payable	447	439	441	441	495	474	507	518	582	562	577
Current Deferred Revenue	19	24	26	26	27	26	29	28	26	27	30
Current Deferred & Payable Income Tax Liabilities	16	3.82	19	4.37	80	4.74	7.39	61	86	18	30
Other Current Liabilities	22	21	21	21	22	21	20	21	21	23	20
Total Noncurrent Liabilities	236	231	251	258	273	260	251	251	235	234	212
Noncurrent Deferred Revenue	65	65	66	69	70	71	67	60	44	44	37
Noncurrent Deferred & Payable Income Tax Liabilities	77	76	77	89	92	94	92	94	95	93	95
Other Noncurrent Operating Liabilities	92	87	86	88	101	94	91	97	95	97	81
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	0.00	25	25	25	25	24	23	22
Total Equity & Noncontrolling Interests	4,853	5,214	5,592	5,987	6,411	6,788	7,171	7,524	7,896	8,301	8,781
Total Preferred & Common Equity	4,853	5,214	5,592	5,987	6,411	6,788	7,171	7,524	7,896	8,301	8,781
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,853	5,214	5,592	5,987	6,411	6,788	7,171	7,524	7,896	8,301	8,781
Common Stock	850	875	902	939	1,068	1,087	1,103	1,121	1,134	1,180	1,196
Retained Earnings	4,202	4,495	4,843	5,189	5,521	5,845	6,225	6,546	6,907	7,293	7,699
Accumulated Other Comprehensive Income / (Loss)	-199	-157	-152	-141	-177	-145	-157	-143	-145	-172	-113

This table displays calculated financial ratios and metrics derived from Copart's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	7/31/2015	7/31/2016	7/31/2017	7/31/2018	7/31/2019	7/31/2020	7/31/2021	7/31/2022	7/31/2023	7/31/2024	7/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.50%	10.68%	14.15%	24.70%	13.08%	8.01%	22.08%	30.02%	10.53%	9.49%	9.68%
EBITDA Growth	19.95%	17.43%	11.17%	27.06%	22.29%	14.37%	36.93%	19.59%	8.93%	6.74%	9.96%
EBIT Growth	25.53%	19.65%	10.63%	25.76%	24.24%	13.45%	39.33%	20.34%	8.29%	5.41%	9.42%
NOPAT Growth	25.29%	21.79%	48.86%	5.08%	38.49%	18.60%	33.01%	17.83%	5.90%	5.51%	10.96%
Net Income Growth	23.00%	23.01%	45.83%	6.02%	41.55%	18.29%	33.80%	16.41%	13.54%	10.07%	13.65%
EPS Growth	23.00%	23.01%	49.55%	4.22%	42.20%	19.11%	33.80%	16.41%	13.54%	9.38%	13.57%
Operating Cash Flow Growth	0.95%	25.44%	47.99%	8.74%	20.85%	41.95%	7.95%	18.75%	15.94%	7.94%	22.22%
Free Cash Flow Firm Growth	115.19%	-23.01%	-12.05%	65.30%	26.18%	-44.01%	240.98%	25.40%	5.28%	-4.51%	44.50%
Invested Capital Growth	0.46%	9.21%	20.84%	12.15%	16.81%	26.95%	13.76%	12.67%	12.06%	13.54%	7.08%
Revenue Q/Q Growth	-0.45%	4.13%	3.28%	4.07%	4.79%	-0.76%	9.03%	4.00%	3.04%	1.71%	1.22%
EBITDA Q/Q Growth	2.26%	6.33%	-0.12%	6.40%	6.30%	2.35%	8.57%	1.69%	5.09%	-1.28%	3.57%
EBIT Q/Q Growth	3.22%	6.48%	-0.08%	4.46%	8.18%	1.91%	9.32%	1.39%	5.06%	-1.85%	3.85%
NOPAT Q/Q Growth	3.93%	9.31%	-2.48%	9.74%	8.43%	1.47%	10.41%	2.11%	3.57%	-2.89%	4.34%
Net Income Q/Q Growth	2.98%	10.96%	-3.37%	10.40%	7.99%	1.75%	10.69%	0.72%	7.29%	-1.84%	4.96%
EPS Q/Q Growth	2.98%	10.96%	-6.21%	6.14%	2.50%	-0.34%	10.69%	0.72%	7.29%	-2.78%	3.92%
Operating Cash Flow Q/Q Growth	2.61%	23.12%	4.25%	2.62%	5.77%	8.74%	-3.71%	7.70%	3.47%	5.79%	-0.04%
Free Cash Flow Firm Q/Q Growth	0.73%	78.04%	-52.86%	103.17%	8.93%	-27.67%	60.81%	-15.03%	10.35%	11.23%	7.65%
Invested Capital Q/Q Growth	2.75%	-1.61%	9.97%	3.01%	3.69%	6.24%	0.38%	5.44%	3.82%	0.49%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	42.18%	42.93%	43.65%	42.22%	43.99%	55.91%	49.88%	62.60%	60.77%	59.64%	87.02%
EBITDA Margin	34.75%	36.87%	35.91%	36.59%	39.56%	41.89%	46.99%	43.22%	42.59%	41.52%	41.63%
Operating Margin	30.05%	32.04%	31.86%	32.36%	35.09%	37.00%	42.21%	39.28%	38.42%	37.10%	36.51%
EBIT Margin	30.48%	32.96%	31.94%	32.21%	35.38%	37.17%	42.42%	39.26%	38.46%	37.03%	36.94%
Profit (Net Income) Margin	19.18%	21.31%	27.23%	23.15%	28.98%	31.73%	34.78%	31.14%	31.99%	32.15%	33.32%
Tax Burden Percent	66.19%	68.30%	89.58%	74.31%	83.93%	87.40%	83.48%	81.30%	79.63%	79.46%	81.68%
Interest Burden Percent	95.05%	94.70%	95.16%	96.72%	97.57%	97.70%	98.23%	97.57%	104.43%	109.28%	110.42%
Effective Tax Rate	33.81%	31.70%	10.42%	25.69%	16.07%	12.60%	16.52%	18.70%	20.37%	20.54%	18.32%
Return on Invested Capital (ROIC)	19.82%	23.02%	29.72%	26.90%	32.51%	31.53%	35.08%	36.52%	34.42%	32.19%	32.44%
ROIC Less NNEP Spread (ROIC-NNEP)	14.91%	20.87%	25.54%	20.99%	26.82%	21.11%	39.07%	39.24%	31.53%	28.27%	28.48%
Return on Net Nonoperating Assets (RNNOA)	2.52%	8.08%	12.37%	4.29%	2.72%	1.27%	-3.96%	-9.78%	-11.10%	-12.06%	-13.96%
Return on Equity (ROE)	22.34%	31.10%	42.10%	31.20%	35.23%	32.80%	31.12%	26.74%	23.32%	20.13%	18.48%
Cash Return on Invested Capital (CROIC)	19.36%	14.22%	10.85%	15.45%	17.00%	7.79%	22.20%	24.60%	23.05%	19.51%	25.60%
Operating Return on Assets (OROA)	21.14%	24.24%	25.46%	27.11%	29.76%	27.31%	28.49%	27.85%	24.71%	20.69%	18.54%
Return on Assets (ROA)	13.30%	15.68%	21.71%	19.49%	24.37%	23.32%	23.36%	22.09%	20.55%	17.97%	16.72%
Return on Common Equity (ROCE)	22.34%	31.10%	42.09%	31.19%	35.23%	32.80%	31.12%	26.74%	23.32%	20.09%	18.43%
Return on Equity Simple (ROE_SIMPLE)	22.79%	34.91%	35.91%	26.44%	33.27%	28.11%	26.54%	23.57%	20.67%	18.11%	0.00%
Net Operating Profit after Tax (NOPAT)	228	278	413	434	601	713	949	1,118	1,184	1,249	1,386
NOPAT Margin	19.89%	21.89%	28.54%	24.05%	29.45%	32.34%	35.23%	31.93%	30.59%	29.48%	29.82%
Net Nonoperating Expense Percent (NNEP)	4.91%	2.15%	4.19%	5.92%	5.68%	10.43%	-3.99%	-2.72%	2.89%	3.92%	3.96%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	15.09%
Cost of Revenue to Revenue	57.82%	57.07%	56.35%	57.78%	56.01%	44.09%	50.12%	37.40%	39.23%	40.36%	12.98%
SG&A Expenses to Revenue	12.13%	10.89%	10.45%	9.80%	8.91%	8.69%	7.68%	6.60%	6.47%	7.91%	8.67%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.13%	10.89%	11.79%	9.86%	8.91%	18.91%	7.68%	23.32%	22.35%	22.53%	50.51%
Earnings before Interest and Taxes (EBIT)	349	418	462	582	723	820	1,142	1,374	1,488	1,569	1,717
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	398	468	520	661	808	924	1,265	1,513	1,648	1,759	1,934
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.73	7.12	6.61	8.43	9.99	8.79	9.85	6.58	7.05	6.69	4.77
Price to Tangible Book Value (P/TBV)	6.76	10.98	10.64	11.31	12.78	10.43	11.12	7.30	7.63	7.26	5.09
Price to Revenue (P/Rev)	3.98	4.35	5.01	7.38	8.70	9.93	12.92	8.70	10.91	11.89	9.43
Price to Earnings (P/E)	20.74	20.41	18.40	31.90	30.02	31.28	37.14	27.93	34.10	36.95	28.23
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.82%	4.90%	5.44%	3.13%	3.33%	3.20%	2.69%	3.58%	2.93%	2.71%	3.54%
Enterprise Value to Invested Capital (EV/IC)	4.12	4.77	5.05	7.89	9.02	8.62	11.86	8.96	10.96	11.38	8.84
Enterprise Value to Revenue (EV/Rev)	4.14	4.73	5.30	7.45	8.80	9.89	12.67	8.30	10.30	11.08	8.41
Enterprise Value to EBITDA (EV/EBITDA)	11.92	12.83	14.77	20.37	22.25	23.61	26.97	19.21	24.18	26.69	20.19
Enterprise Value to EBIT (EV/EBIT)	13.59	14.36	16.60	23.14	24.88	26.61	29.88	21.15	26.77	29.93	22.75
Enterprise Value to NOPAT (EV/NOPAT)	20.83	21.62	18.58	30.99	29.90	30.58	35.97	26.00	33.66	37.60	28.19
Enterprise Value to Operating Cash Flow (EV/OCF)	17.91	18.05	15.60	25.15	27.80	23.76	34.44	24.70	29.21	31.89	21.70
Enterprise Value to Free Cash Flow (EV/FCFF)	21.32	35.00	50.90	53.98	57.15	123.85	56.83	38.60	50.26	62.03	35.71
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.67	0.83	0.58	0.25	0.23	0.16	0.11	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.61	0.73	0.50	0.25	0.23	0.16	0.11	0.00	0.00	0.00	0.00
Financial Leverage	0.17	0.39	0.48	0.20	0.10	0.06	-0.10	-0.25	-0.35	-0.43	-0.49
Leverage Ratio	1.68	1.98	1.94	1.60	1.45	1.41	1.33	1.21	1.14	1.12	1.11
Compound Leverage Factor	1.60	1.88	1.85	1.55	1.41	1.37	1.31	1.18	1.19	1.22	1.22
Debt to Total Capital	40.06%	45.27%	36.56%	20.19%	18.41%	13.75%	10.13%	0.04%	0.18%	0.00%	0.00%
Short-Term Debt to Total Capital	3.34%	5.38%	4.74%	0.06%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	36.72%	39.88%	31.81%	20.13%	18.36%	13.75%	10.13%	0.04%	0.18%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.33%	0.22%
Common Equity to Total Capital	59.94%	54.73%	63.41%	79.81%	81.59%	86.25%	89.87%	99.96%	99.82%	99.67%	99.78%
Debt to EBITDA	1.62	1.37	1.22	0.61	0.50	0.43	0.31	0.00	0.01	0.00	0.00
Net Debt to EBITDA	0.47	1.04	0.81	0.19	0.27	-0.09	-0.51	-0.91	-1.43	0.00	0.00
Long-Term Debt to EBITDA	1.48	1.21	1.06	0.60	0.50	0.43	0.31	0.00	0.01	0.00	0.00
Debt to NOPAT	2.83	2.31	1.53	0.92	0.67	0.56	0.42	0.00	0.01	0.00	0.00
Net Debt to NOPAT	0.83	1.75	1.02	0.29	0.36	-0.11	-0.69	-1.24	-1.99	0.00	0.00
Long-Term Debt to NOPAT	2.59	2.03	1.33	0.92	0.67	0.56	0.42	0.00	0.01	0.00	0.00
Altman Z-Score	5.39	5.96	7.12	13.55	16.52	16.02	22.83	29.69	36.62	37.11	32.52
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.03%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.18%	0.27%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.45	1.79	1.94	2.56	2.44	2.71	4.04	5.00	6.62	7.03	8.42
Quick Ratio	3.15	1.51	1.73	2.26	1.30	0.98	1.14	4.45	6.22	6.69	8.13
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	223	171	151	249	315	176	601	753	793	757	1,094
Operating Cash Flow to CapEx	342.41%	191.91%	287.06%	190.09%	181.89%	155.70%	215.19%	353.24%	282.61%	290.55%	335.05%
Free Cash Flow to Firm to Interest Expense	12.29	7.26	6.34	12.24	17.89	9.33	29.66	44.93	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	14.63	14.09	20.69	26.27	36.77	48.64	48.94	70.21	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	10.36	6.75	13.48	12.45	16.56	17.40	26.20	50.34	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.69	0.74	0.80	0.84	0.84	0.73	0.67	0.71	0.64	0.56	0.50
Accounts Receivable Turnover	5.55	5.26	5.01	5.44	5.68	6.15	6.48	6.61	6.04	5.70	6.00
Inventory Turnover	83.51	76.19	79.41	77.58	60.71	47.41	41.49	25.24	30.74	40.91	14.48
Fixed Asset Turnover	1.65	1.67	1.64	1.71	1.58	1.31	1.27	1.46	1.45	1.41	1.37
Accounts Payable Turnover	4.42	4.26	4.07	4.35	4.22	3.30	3.92	3.41	3.62	3.57	1.09
Days Sales Outstanding (DSO)	65.71	69.34	72.86	67.05	64.25	59.37	56.31	55.22	60.40	64.09	60.82
Days Inventory Outstanding (DIO)	4.37	4.79	4.60	4.70	6.01	7.70	8.80	14.46	11.87	8.92	25.21
Days Payable Outstanding (DPO)	82.51	85.68	89.64	83.85	86.47	110.62	93.10	107.15	100.97	102.34	335.94
Cash Conversion Cycle (CCC)	-12.42	-11.54	-12.18	-12.09	-16.21	-43.55	-27.98	-37.48	-28.70	-29.33	-249.91
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,153	1,259	1,522	1,706	1,993	2,530	2,879	3,243	3,634	4,126	4,418
Invested Capital Turnover	1.00	1.05	1.04	1.12	1.10	0.98	1.00	1.14	1.13	1.09	1.09
Increase / (Decrease) in Invested Capital	5.23	106	262	185	287	537	348	365	391	492	292
Enterprise Value (EV)	4,747	6,002	7,677	13,456	17,978	21,812	34,126	29,064	39,848	46,959	39,063
Market Capitalization	4,559	5,517	7,253	13,330	17,763	21,893	34,777	30,446	42,201	50,357	43,831
Book Value per Share	$7.62	$7.08	$4.77	$6.81	$7.76	$10.60	$14.92	$19.46	$12.54	$7.82	$9.50
Tangible Book Value per Share	$5.33	$4.59	$2.96	$5.08	$6.07	$8.94	$13.22	$17.54	$11.58	$7.21	$8.90
Total Capital	1,609	1,415	1,732	1,981	2,180	2,886	3,927	4,628	5,998	7,549	9,207
Total Debt	645	640	633	400	401	397	398	2.00	11	0.00	0.00
Total Long-Term Debt	591	564	551	399	400	397	398	2.00	11	0.00	0.00
Net Debt	189	485	423	125	215	-81	-651	-1,382	-2,353	-3,422	-4,789
Capital Expenditures (CapEx)	77	173	171	281	356	590	460	333	483	507	537
Debt-free, Cash-free Net Working Capital (DFCFNWC)	119	141	157	158	220	130	233	377	406	367	282
Debt-free Net Working Capital (DFNWC)	575	297	367	433	406	608	1,282	1,762	2,770	3,790	5,071
Net Working Capital (NWC)	521	221	285	432	405	608	1,282	1,762	2,770	3,790	5,071
Net Nonoperating Expense (NNE)	8.16	7.24	19	16	9.67	13	12	28	-54	-113	-162
Net Nonoperating Obligations (NNO)	189	485	423	125	215	41	-651	-1,382	-2,353	-3,422	-4,789
Total Depreciation and Amortization (D&A)	49	50	57	79	85	104	123	139	160	190	218
Debt-free, Cash-free Net Working Capital to Revenue	10.39%	11.10%	10.85%	8.78%	10.77%	5.89%	8.67%	10.78%	10.49%	8.67%	6.07%
Debt-free Net Working Capital to Revenue	50.18%	23.39%	25.36%	23.98%	19.90%	27.55%	47.60%	50.32%	71.58%	89.44%	109.13%
Net Working Capital to Revenue	45.50%	17.39%	19.69%	23.92%	19.84%	27.55%	47.60%	50.32%	71.58%	89.44%	109.13%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.22	$0.30	$0.43	$0.45	$0.64	$0.75	$0.99	$1.15	$1.30	$1.42	$1.61
Adjusted Weighted Average Basic Shares Outstanding	1.01B	915.38M	914.74M	927.17M	921.96M	932.81M	945.01M	949.68M	953.57M	960.74M	965.31M
Adjusted Diluted Earnings per Share	$0.21	$0.28	$0.42	$0.43	$0.62	$0.73	$0.98	$1.13	$1.28	$1.40	$1.59
Adjusted Weighted Average Diluted Shares Outstanding	1.05B	977.18M	948.08M	967.51M	961.81M	954.62M	961.16M	964.60M	966.65M	974.80M	977.56M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	961.50M	913.29M	923.09M	935.66M	929.00M	1.89B	948.40M	952.23M	957.36M	963.29M	967.73M
Normalized Net Operating Profit after Tax (NOPAT)	228	278	431	435	601	713	949	1,118	1,184	1,249	1,386
Normalized NOPAT Margin	19.89%	21.89%	29.74%	24.09%	29.45%	32.34%	35.23%	31.93%	30.59%	29.48%	29.82%
Pre Tax Income Margin	28.97%	31.21%	30.39%	31.15%	34.52%	36.31%	41.67%	38.30%	40.17%	40.47%	40.79%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	19.28	17.71	19.45	28.55	41.09	43.44	56.41	82.01	0.00	0.00	0.00
NOPAT to Interest Expense	12.58	11.76	17.38	21.32	34.20	37.80	46.85	66.70	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	15.01	10.37	12.24	14.73	20.87	12.20	33.67	62.13	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	8.31	4.42	10.17	7.50	13.98	6.56	24.11	46.82	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	106.23%	163.80%	0.00%	0.06%	61.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Copart's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.29%	8.71%	12.93%	14.22%	6.63%	10.32%	7.16%	12.39%	14.03%	7.49%	5.25%
EBITDA Growth	5.61%	11.92%	22.21%	24.90%	5.12%	5.83%	-5.22%	5.98%	12.95%	5.75%	16.03%
EBIT Growth	4.66%	12.95%	22.19%	26.77%	3.91%	3.16%	-7.51%	3.70%	12.08%	5.54%	17.44%
NOPAT Growth	-2.46%	18.62%	13.59%	26.98%	5.77%	6.16%	-11.55%	4.71%	18.17%	2.87%	20.21%
Net Income Growth	2.18%	25.77%	31.87%	35.26%	10.85%	9.04%	-7.36%	8.61%	18.74%	6.08%	22.70%
EPS Growth	2.18%	25.77%	31.87%	36.00%	10.00%	8.33%	-5.56%	8.82%	21.21%	7.69%	20.59%
Operating Cash Flow Growth	40.49%	21.21%	14.62%	20.44%	-14.07%	-1.88%	22.49%	28.52%	10.10%	41.22%	-0.17%
Free Cash Flow Firm Growth	1.89%	-225.76%	14.72%	-351.57%	-135.61%	-176.10%	-196.20%	57.23%	91.12%	120.63%	123.46%
Invested Capital Growth	12.95%	13.80%	12.06%	15.09%	16.61%	17.30%	13.54%	10.65%	9.20%	7.60%	7.08%
Revenue Q/Q Growth	7.09%	6.81%	-2.37%	2.29%	-0.03%	10.50%	-5.17%	7.28%	1.44%	4.16%	-7.15%
EBITDA Q/Q Growth	15.34%	14.55%	-4.54%	-0.97%	-2.93%	15.32%	-14.50%	10.73%	3.46%	7.97%	-6.19%
EBIT Q/Q Growth	17.48%	16.53%	-6.63%	-0.82%	-3.71%	15.68%	-16.28%	11.19%	4.07%	8.93%	-6.84%
NOPAT Q/Q Growth	16.38%	17.09%	-3.81%	-3.13%	-3.06%	17.53%	-19.85%	14.66%	9.40%	2.31%	-6.34%
Net Income Q/Q Growth	19.45%	19.33%	-0.76%	-4.39%	-2.11%	17.38%	-15.68%	12.10%	7.02%	4.86%	-2.47%
EPS Q/Q Growth	19.45%	19.33%	-0.76%	-5.56%	-2.94%	18.18%	-12.82%	8.82%	8.11%	5.00%	-2.38%
Operating Cash Flow Q/Q Growth	-39.57%	168.65%	-29.11%	4.65%	-56.88%	206.75%	-11.50%	9.80%	-63.07%	293.47%	-37.44%
Free Cash Flow Firm Q/Q Growth	-192.59%	25.74%	22.85%	-169.38%	-52.66%	12.98%	17.23%	61.10%	68.31%	302.15%	-5.86%
Invested Capital Q/Q Growth	7.22%	-1.52%	3.82%	4.99%	8.64%	-0.94%	0.49%	2.31%	7.22%	-2.39%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.58%	47.31%	107.47%	85.51%	85.61%	46.62%	100.38%	87.95%	87.30%	85.99%	86.90%
EBITDA Margin	41.95%	45.00%	44.00%	42.60%	41.36%	43.17%	38.92%	40.17%	40.97%	42.46%	42.90%
Operating Margin	38.21%	41.00%	39.16%	38.75%	37.24%	38.78%	33.63%	35.43%	36.64%	37.26%	36.67%
EBIT Margin	37.90%	41.35%	39.55%	38.35%	36.94%	38.67%	34.14%	35.38%	36.30%	37.97%	38.09%
Profit (Net Income) Margin	30.70%	34.29%	34.86%	32.59%	31.91%	33.90%	30.14%	31.49%	33.23%	33.45%	35.14%
Tax Burden Percent	77.88%	79.57%	82.08%	78.56%	79.25%	80.94%	78.88%	80.03%	83.48%	80.62%	82.63%
Interest Burden Percent	103.99%	104.23%	107.39%	108.18%	109.01%	108.31%	111.92%	111.22%	109.65%	109.30%	111.63%
Effective Tax Rate	22.12%	20.43%	17.92%	21.44%	20.75%	19.06%	21.12%	19.97%	16.52%	19.38%	17.37%
Return on Invested Capital (ROIC)	32.62%	37.25%	36.17%	34.12%	31.12%	34.38%	28.97%	30.79%	31.79%	32.36%	32.96%
ROIC Less NNEP Spread (ROIC-NNEP)	31.92%	36.24%	34.71%	33.06%	29.99%	33.29%	27.63%	29.65%	30.84%	31.25%	31.63%
Return on Net Nonoperating Assets (RNNOA)	-8.93%	-12.27%	-12.22%	-12.18%	-10.79%	-13.49%	-11.79%	-13.05%	-13.17%	-14.60%	-15.50%
Return on Equity (ROE)	23.69%	24.98%	23.95%	21.94%	20.33%	20.89%	17.18%	17.74%	18.62%	17.76%	17.46%
Cash Return on Invested Capital (CROIC)	20.39%	21.85%	23.05%	21.02%	17.54%	17.89%	19.51%	21.33%	21.60%	23.84%	25.60%
Operating Return on Assets (OROA)	25.16%	26.33%	25.41%	23.71%	22.17%	22.43%	19.07%	19.06%	19.49%	19.71%	19.12%
Return on Assets (ROA)	20.37%	21.84%	22.40%	20.15%	19.15%	19.66%	16.84%	16.96%	17.84%	17.37%	17.63%
Return on Common Equity (ROCE)	23.69%	24.98%	23.95%	21.89%	20.29%	20.85%	17.15%	17.68%	18.56%	17.71%	17.41%
Return on Equity Simple (ROE_SIMPLE)	20.75%	20.63%	0.00%	20.66%	19.98%	19.35%	0.00%	17.62%	17.49%	16.80%	0.00%
Net Operating Profit after Tax (NOPAT)	285	333	321	311	301	354	284	325	356	364	341
NOPAT Margin	29.75%	32.62%	32.14%	30.44%	29.51%	31.39%	26.53%	28.36%	30.58%	30.04%	30.30%
Net Nonoperating Expense Percent (NNEP)	0.69%	1.02%	1.45%	1.06%	1.13%	1.09%	1.34%	1.14%	0.95%	1.11%	1.32%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	4.44%	-	-	-	4.29%	4.15%	3.71%
Cost of Revenue to Revenue	55.42%	52.69%	-7.47%	14.49%	14.39%	53.38%	-0.38%	12.05%	12.70%	14.01%	13.10%
SG&A Expenses to Revenue	6.37%	6.31%	6.71%	6.73%	8.26%	7.83%	8.80%	9.22%	8.54%	8.31%	8.63%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.37%	6.31%	68.31%	46.76%	48.37%	7.83%	66.75%	52.52%	50.67%	48.73%	50.23%
Earnings before Interest and Taxes (EBIT)	363	423	395	391	377	436	365	406	422	460	429
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	401	460	439	435	422	487	416	461	477	515	483
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.09	6.74	7.05	6.50	6.80	7.28	6.69	6.28	6.72	6.71	4.77
Price to Tangible Book Value (P/TBV)	6.67	7.34	7.63	7.15	7.45	7.93	7.26	6.78	7.23	7.19	5.09
Price to Revenue (P/Rev)	8.64	10.03	10.91	10.43	11.36	12.54	11.89	11.36	12.39	12.84	9.43
Price to Earnings (P/E)	29.33	32.66	34.10	31.46	34.01	37.61	36.95	35.60	38.38	39.87	28.23
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.41%	3.06%	2.93%	3.18%	2.94%	2.66%	2.71%	2.81%	2.61%	2.51%	3.54%
Enterprise Value to Invested Capital (EV/IC)	8.46	10.16	10.96	10.24	10.49	11.97	11.38	10.87	11.50	12.36	8.84
Enterprise Value to Revenue (EV/Rev)	8.19	9.48	10.30	9.78	10.71	11.80	11.08	10.52	11.55	11.89	8.41
Enterprise Value to EBITDA (EV/EBITDA)	19.79	22.69	24.18	22.52	24.78	27.58	26.69	25.72	28.29	29.23	20.19
Enterprise Value to EBIT (EV/EBIT)	21.97	25.12	26.77	24.87	27.43	30.75	29.93	28.99	31.95	33.03	22.75
Enterprise Value to NOPAT (EV/NOPAT)	27.56	31.13	33.66	31.27	34.36	38.21	37.60	36.33	39.48	41.11	28.19
Enterprise Value to Operating Cash Flow (EV/OCF)	24.45	26.99	29.21	27.36	31.03	35.31	31.89	29.06	32.61	30.32	21.70
Enterprise Value to Free Cash Flow (EV/FCFF)	44.00	49.53	50.26	52.13	64.40	72.22	62.03	53.55	55.57	53.73	35.71
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.28	-0.34	-0.35	-0.37	-0.36	-0.41	-0.43	-0.44	-0.43	-0.47	-0.49
Leverage Ratio	1.19	1.19	1.14	1.15	1.13	1.12	1.12	1.13	1.11	1.11	1.11
Compound Leverage Factor	1.24	1.24	1.22	1.24	1.23	1.22	1.25	1.26	1.22	1.21	1.23
Debt to Total Capital	0.04%	0.40%	0.18%	0.15%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.04%	0.40%	0.18%	0.15%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.39%	0.37%	0.35%	0.33%	0.30%	0.27%	0.24%	0.22%
Common Equity to Total Capital	99.96%	99.60%	99.82%	99.46%	99.62%	99.65%	99.67%	99.70%	99.73%	99.76%	99.78%
Debt to EBITDA	0.00	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-1.09	-1.33	-1.43	-1.51	-1.52	-1.73	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.02	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-1.52	-1.83	-1.99	-2.10	-2.11	-2.40	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.02	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	28.80	32.20	36.08	30.12	37.51	40.79	36.64	33.61	41.11	43.01	32.10
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.22%	0.21%	0.20%	0.18%	0.34%	0.32%	0.29%	0.27%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.41	5.92	6.62	5.74	7.13	7.36	7.03	6.62	7.89	8.16	8.42
Quick Ratio	4.98	5.54	6.22	5.42	6.68	6.95	6.69	6.29	7.43	7.83	8.13
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-123	-91	-70	-190	-289	-252	-208	-81	-26	52	49
Operating Cash Flow to CapEx	214.18%	590.62%	228.83%	232.59%	132.74%	574.22%	320.19%	203.91%	153.26%	564.86%	726.64%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-1.91	0.00	0.00	0.00	-2.04	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	9.75	0.00	0.00	0.00	4.30	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	5.49	0.00	0.00	0.00	2.96	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.66	0.64	0.64	0.62	0.60	0.58	0.56	0.54	0.54	0.52	0.50
Accounts Receivable Turnover	5.26	5.87	6.04	5.77	5.04	5.49	5.70	5.60	5.21	5.81	6.00
Inventory Turnover	39.21	41.07	30.74	23.67	15.99	49.13	40.91	35.79	33.40	37.43	14.48
Fixed Asset Turnover	1.46	1.47	1.45	1.45	1.42	1.44	1.41	1.38	1.39	1.38	1.37
Accounts Payable Turnover	5.10	4.99	3.62	2.42	1.66	4.75	3.57	3.16	3.28	3.15	1.09
Days Sales Outstanding (DSO)	69.35	62.19	60.40	63.23	72.44	66.44	64.09	65.14	70.03	62.83	60.82
Days Inventory Outstanding (DIO)	9.31	8.89	11.87	15.42	22.83	7.43	8.92	10.20	10.93	9.75	25.21
Days Payable Outstanding (DPO)	71.51	73.19	100.97	150.56	219.67	76.77	102.34	115.64	111.14	115.79	335.94
Cash Conversion Cycle (CCC)	7.15	-2.11	-28.70	-71.91	-124.40	-2.90	-29.33	-40.30	-30.19	-43.21	-249.91
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,555	3,501	3,634	3,816	4,145	4,106	4,126	4,222	4,527	4,418	4,418
Invested Capital Turnover	1.10	1.14	1.13	1.12	1.05	1.10	1.09	1.09	1.04	1.08	1.09
Increase / (Decrease) in Invested Capital	407	425	391	500	590	606	492	406	381	312	292
Enterprise Value (EV)	30,067	35,583	39,848	39,068	43,487	49,152	46,959	45,906	52,043	54,598	39,063
Market Capitalization	31,726	37,675	42,201	41,664	46,130	52,217	50,357	49,580	55,817	58,961	43,831
Book Value per Share	$10.95	$11.73	$12.54	$6.70	$7.07	$7.46	$7.82	$8.20	$8.62	$9.09	$9.50
Tangible Book Value per Share	$9.99	$10.78	$11.58	$6.09	$6.45	$6.85	$7.21	$7.59	$8.02	$8.48	$8.90
Total Capital	5,216	5,615	5,998	6,446	6,813	7,197	7,549	7,920	8,324	8,803	9,207
Total Debt	1.95	22	11	9.46	0.45	0.43	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	1.95	22	11	9.46	0.45	0.43	0.00	0.00	0.00	0.00	0.00
Net Debt	-1,659	-2,092	-2,353	-2,621	-2,668	-3,090	-3,422	-3,698	-3,797	-4,384	-4,789
Capital Expenditures (CapEx)	88	86	157	161	122	86	137	237	116	124	60
Debt-free, Cash-free Net Working Capital (DFCFNWC)	490	380	406	330	554	495	367	320	540	318	282
Debt-free Net Working Capital (DFNWC)	2,151	2,494	2,770	2,960	3,222	3,586	3,790	4,018	4,337	4,702	5,071
Net Working Capital (NWC)	2,151	2,494	2,770	2,960	3,222	3,586	3,790	4,018	4,337	4,702	5,071
Net Nonoperating Expense (NNE)	-9.02	-17	-27	-22	-24	-28	-39	-36	-31	-41	-54
Net Nonoperating Obligations (NNO)	-1,659	-2,092	-2,353	-2,621	-2,668	-3,090	-3,422	-3,698	-3,797	-4,384	-4,789
Total Depreciation and Amortization (D&A)	39	37	44	43	45	51	51	55	54	55	54
Debt-free, Cash-free Net Working Capital to Revenue	13.34%	10.13%	10.49%	8.26%	13.66%	11.89%	8.67%	7.34%	11.98%	6.92%	6.07%
Debt-free Net Working Capital to Revenue	58.56%	66.42%	71.58%	74.08%	79.37%	86.08%	89.44%	92.09%	96.24%	102.42%	109.13%
Net Working Capital to Revenue	58.56%	66.42%	71.58%	74.08%	79.37%	86.08%	89.44%	92.09%	96.24%	102.42%	109.13%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.31	$0.37	$0.18	$0.35	$0.34	$0.40	$0.34	$0.38	$0.40	$0.42	$0.41
Adjusted Weighted Average Basic Shares Outstanding	952.75M	953.57M	1.91B	958.13M	960.53M	961.81M	960.74M	963.18M	964.75M	966.23M	965.31M
Adjusted Diluted Earnings per Share	$0.31	$0.36	$0.18	$0.34	$0.33	$0.39	$0.34	$0.37	$0.40	$0.42	$0.41
Adjusted Weighted Average Diluted Shares Outstanding	965.07M	967.38M	1.93B	971.68M	974.59M	976.45M	974.80M	976.51M	977.91M	978.09M	977.56M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.18	$0.00	$0.00	$0.00	$0.34	$0.00	$0.00	$0.00	$0.41
Adjusted Weighted Average Basic & Diluted Shares Outstanding	953.19M	954.88M	1.91B	960.23M	961.46M	962.30M	963.29M	963.53M	966.09M	966.94M	967.73M
Normalized Net Operating Profit after Tax (NOPAT)	285	333	321	311	301	354	284	325	356	364	341
Normalized NOPAT Margin	29.75%	32.62%	32.14%	30.44%	29.51%	31.39%	26.53%	28.36%	30.58%	30.04%	30.30%
Pre Tax Income Margin	39.42%	43.10%	42.47%	41.48%	40.26%	41.88%	38.21%	39.35%	39.80%	41.50%	42.52%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	10.73	0.00	0.00	0.00	3.57	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	8.72	0.00	0.00	0.00	2.78	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	6.47	0.00	0.00	0.00	2.23	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	4.46	0.00	0.00	0.00	1.43	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Copart Inc. (NASDAQ: CPRT) has demonstrated consistent growth and financial stability over the past four years, as reflected in its quarterly financial statements from Q3 2022 through Q4 2025. Here are the key trends and noteworthy points from the income statements, cash flow statements, and balance sheets:

Revenue Growth: Operating revenue increased steadily from approximately $893 million in Q1 2023 to over $1.2 billion by Q3 2025, showing solid top-line expansion.
Strong Profitability: Net income attributable to common shareholders rose from $245.8 million in Q1 2023 to nearly $406.6 million in Q3 2025, with diluted earnings per share improving from $0.25 to $0.42 over the same period.
Healthy Gross Margins: Gross profit remained robust, generally exceeding $900 million quarterly, with gross margins supported by controlled cost of revenue.
Operating Expenses Management: Selling, General & Administrative (SG&A) expenses and other operating expenses increased but remained proportionate to growing revenue, indicating operational scalability.
Cash Flow From Operations: Consistently strong net cash from operating activities, peaking at $700.9 million in Q3 2025, supports ongoing business investment and shareholder returns.
Solid Balance Sheet: Total assets grew from approximately $5.6 billion in Q1 2023 to about $9.7 billion by Q3 2025, alongside equity growth to $8.8 billion, reflecting strong shareholder value creation.
Liquidity Position: Cash and equivalents increased significantly from $1.5 billion in Q4 2022 to over $3.3 billion in Q2 2025 before moderately adjusting to $2.3 billion in Q3 2025, indicating sufficient liquidity to fund operations and investments.
Investment Activities: Acquisitions and plant, property & equipment purchases indicate ongoing investment in infrastructure and potential growth opportunities.
Fluctuating Investment Purchases and Sales: The company has significant activity in purchasing and selling investments, which affects cash flow volatility but can be strategic portfolio management.
Rising Other Operating Expenses: Other operating expenses showed an increase in absolute terms, reaching nearly $490 million in Q3 and Q4 of 2025. Monitoring this for operational efficiency is warranted.

Overall, Copart exhibits a robust financial profile with consistent revenue and earnings growth, strong cash generation, and a solid balance sheet. Investors should watch efforts to control operating expenses and the impact of investment activities on cash flow for future quarters.

10/04/25 04:42 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Copart's Financials

When does Copart's financial year end?

According to the most recent income statement we have on file, Copart's fiscal year ends in July. Their fiscal year 2025 ended on July 31, 2025.

How has Copart's net income changed over the last 10 years?

Copart's net income appears to be on an upward trend, with a most recent value of $1.55 billion in 2025, rising from $219.78 million in 2015. The previous period was $1.36 billion in 2024. See where experts think Copart is headed by visiting Copart's forecast page.

What is Copart's operating income?

Copart's total operating income in 2025 was $1.70 billion, based on the following breakdown:

Total Gross Profit: $4.04 billion
Total Operating Expenses: $2.35 billion

How has Copart's revenue changed over the last 10 years?

Over the last 10 years, Copart's total revenue changed from $1.15 billion in 2015 to $4.65 billion in 2025, a change of 305.5%.

How much debt does Copart have?

Copart's total liabilities were at $883.41 million at the end of 2025, a 0.5% increase from 2024, and a 5.9% increase since 2015.

How much cash does Copart have?

In the past 10 years, Copart's cash and equivalents has ranged from $0.00 in 2019 to $2.78 billion in 2025, and is currently $2.78 billion as of their latest financial filing in 2025.

How has Copart's book value per share changed over the last 10 years?

Over the last 10 years, Copart's book value per share changed from 7.62 in 2015 to 9.50 in 2025, a change of 24.6%.

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This page (NASDAQ:CPRT) was last updated on 10/4/2025 by MarketBeat.com Staff

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