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Copart (CPRT) Financials

Copart logo
$30.74 +0.44 (+1.45%)
Closing price 04:00 PM Eastern
Extended Trading
$30.86 +0.13 (+0.41%)
As of 06:04 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Copart

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

Quarterly Income Statements for Copart

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 333 326 382 323 362 387 407 396 404 351 402
Consolidated Net Income / (Loss)		 333 326 382 322 361 387 405 395 402 350 401
Net Income / (Loss) Continuing Operations		 333 326 382 322 361 387 405 395 402 350 401
Total Pre-Tax Income 		423 411 472 408 451 463 503 478 487 441 502
Total Operating Income		 395 380 437 360 406 426 452 413 431 389 464
Total Gross Profit		 873 873 964 1,073 1,009 1,016 1,042 978 1,013 971 1,077
Total Revenue		 1,020 1,020 1,127 1,069 1,147 1,163 1,212 1,125 1,155 1,122 1,237
Operating Revenue		 1,020 1,020 1,127 1,069 1,147 1,163 1,212 1,125 1,155 1,122 1,237
Total Cost of Revenue		 148 147 163 -4.06 138 148 170 147 142 150 160
Operating Cost of Revenue		 148 147 163 -4.06 138 148 170 147 142 150 160
Total Operating Expenses		 477 493 527 714 602 589 590 565 583 583 613
Selling, General & Admin Expense		 69 84 88 94 106 99 101 97 106 104 108
Other Operating Expenses / (Income)		 409 409 439 - 497 490 490 468 476 478 504
Total Other Income / (Expense), net		 28 31 35 49 45 37 51 66 56 52 38
Interest & Investment Income		 32 34 36 - 46 41 43 50 54 50 39
Other Income / (Expense), net		 -4.07 -3.10 -1.31 5.39 -0.60 -3.91 8.48 16 2.92 2.35 -1.00
Income Tax Expense		 91 85 90 86 90 77 97 83 85 91 101
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.01 -0.11 -0.18 -0.39 -0.91 -0.86 -1.27 -1.05 -1.50 -0.77 -1.01
Basic Earnings per Share		 $0.35 $0.34 $0.40 $0.34 $0.38 $0.40 $0.42 $0.41 $0.42 $0.36 $0.43
Weighted Average Basic Shares Outstanding		 958.13M 960.53M 961.81M 960.74M 963.18M 964.75M 966.23M 965.31M 967.65M 967.21M 936.29M
Diluted Earnings per Share		 $0.34 $0.33 $0.39 $0.34 $0.37 $0.40 $0.42 $0.41 $0.41 $0.36 $0.43
Weighted Average Diluted Shares Outstanding		 971.68M 974.59M 976.45M 974.80M 976.51M 977.91M 978.09M 977.56M 977.10M 975.09M 942.77M
Weighted Average Basic & Diluted Shares Outstanding		 960.23M 961.46M 962.30M 963.29M 963.53M 966.09M 966.94M 967.73M 968.02M 963.31M 925.81M

Annual Cash Flow Statements for Copart

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

Quarterly Cash Flow Statements for Copart

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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026
Net Change in Cash & Equivalents		 1,624 -1,325 -167 424 2,184 -359 -972 414 2,453 -132 -1,748
Net Cash From Operating Activities		 375 162 496 439 482 178 701 438 535 128 584
Net Cash From Continuing Operating Activities		 375 162 496 439 482 178 701 438 535 128 584
Net Income / (Loss) Continuing Operations		 333 326 382 322 361 387 405 395 402 350 401
Consolidated Net Income / (Loss)		 333 326 382 322 361 387 405 395 402 350 401
Depreciation Expense		 43 45 51 51 55 54 55 54 54 56 59
Non-Cash Adjustments To Reconcile Net Income		 3.55 11 15 5.33 11 9.18 7.35 -3.40 10 11 11
Changes in Operating Assets and Liabilities, net		 -4.19 -220 49 61 55 -272 234 -7.58 69 -289 113
Net Cash From Investing Activities		 1,235 -1,483 -669 -24 1,702 -575 -1,687 -28 1,916 -58 -925
Net Cash From Continuing Investing Activities		 1,235 -1,483 -669 -24 1,702 -575 -1,687 -28 1,916 -58 -925
Purchase of Property, Plant & Equipment		 -162 -123 -88 -138 -237 -117 -128 -88 -108 -70 -81
Acquisitions		 0.00 - - - -1.26 0.04 - -0.01 -4.70 0.01 -0.05
Purchase of Investments		 -1.00 -1,411 -1,067 -1,616 0.00 -459 -1,562 -1,988 -3.89 0.15 -846
Sale of Property, Plant & Equipment		 0.92 1.15 1.38 0.71 0.24 0.42 3.87 27 7.93 1.78 1.37
Net Cash From Financing Activities		 7.41 -0.96 4.44 8.38 2.14 36 6.46 7.93 0.45 -206 -1,410
Net Cash From Continuing Financing Activities		 7.41 -0.96 4.44 8.38 2.14 36 6.46 7.93 0.45 -206 -1,410
Repurchase of Common Equity		 - - - - - - - - - - -1,414
Other Financing Activities, net		 7.41 3.90 4.44 1.94 2.14 28 6.46 0.66 0.45 6.43 4.51
Effect of Exchange Rate Changes		 - - 1.12 0.10 -2.63 - 6.81 -3.98 1.05 4.24 3.12
Cash Interest Paid		 0.10 1.94 -0.09 1.18 0.01 1.36 0.60 0.05 0.64 0.76 0.22
Cash Income Taxes Paid		 9.07 179 78 19 81 196 42 90 20 207 88

Annual Balance Sheets for Copart

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

Quarterly Balance Sheets for Copart

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 7/31/2023 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 10/31/2025 1/31/2026 4/30/2026
Total Assets		 6,738 7,334 7,599 8,011 8,428 8,869 9,187 9,672 10,581 10,595 9,649
Total Current Assets		 3,263 3,585 3,748 4,149 4,418 4,733 4,967 5,359 6,202 6,176 5,217
Cash & Equivalents		 957 2,582 1,257 1,090 1,514 3,698 3,339 2,366 5,234 5,102 3,354
Short-Term Investments		 1,407 49 1,411 2,000 1,908 0.00 459 2,018 9.86 0.00 846
Accounts Receivable		 702 756 846 823 786 802 883 758 760 862 794
Inventories, net		 40 43 43 47 44 52 59 45 40 42 50
Prepaid Expenses		 26 28 36 41 34 33 36 55 40 40 54
Current Deferred & Refundable Income Taxes		 6.57 0.42 17 23 0.00 - 48 - 0.57 0.82 0.72
Other Current Assets		 124 128 138 125 133 148 143 118 118 130 118
Plant, Property, & Equipment, net		 2,844 2,944 3,043 3,073 3,176 3,363 3,463 3,569 3,650 3,694 3,716
Total Noncurrent Assets		 631 805 807 788 834 773 758 744 728 725 716
Goodwill		 394 501 511 511 514 514 510 519 519 523 523
Intangible Assets		 63 82 84 77 74 73 68 66 60 57 54
Other Noncurrent Operating Assets		 174 223 213 200 246 186 180 159 150 144 140
Total Liabilities & Shareholders' Equity		 6,738 7,334 7,599 8,011 8,428 8,869 9,187 9,672 10,581 10,595 9,649
Total Liabilities		 750 897 786 814 879 950 863 870 962 788 858
Total Current Liabilities		 493 624 526 563 629 715 630 657 781 614 685
Accounts Payable		 441 495 474 507 518 582 562 577 607 549 598
Current Deferred Revenue		 26 27 26 29 28 26 27 30 30 31 33
Current Deferred & Payable Income Tax Liabilities		 4.37 80 4.74 7.39 61 86 18 30 125 17 38
Other Current Liabilities		 21 22 21 20 21 21 23 20 18 17 16
Total Noncurrent Liabilities		 258 273 260 251 251 235 234 212 181 174 172
Noncurrent Deferred Revenue		 69 70 71 67 60 44 44 37 13 6.79 5.31
Noncurrent Deferred & Payable Income Tax Liabilities		 89 92 94 92 94 95 93 95 86 88 90
Other Noncurrent Operating Liabilities		 88 101 94 91 97 95 97 81 82 79 77
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 19 18 17
Total Equity & Noncontrolling Interests		 5,987 6,411 6,788 7,171 7,524 7,896 8,301 8,781 9,600 9,789 8,774
Total Preferred & Common Equity		 5,987 6,411 6,788 7,171 7,524 7,896 8,301 8,781 9,600 9,789 8,774
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		 5,987 6,411 6,788 7,171 7,524 7,896 8,301 8,781 9,600 9,789 8,774
Common Stock		 939 1,068 1,087 1,103 1,121 1,134 1,180 1,196 1,225 1,242 1,207
Retained Earnings		 5,189 5,521 5,845 6,225 6,546 6,907 7,293 7,699 8,495 8,634 7,654
Accumulated Other Comprehensive Income / (Loss)		 -141 -177 -145 -157 -143 -145 -172 -113 -120 -87 -87

Annual Metrics And Ratios for Copart

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%

Quarterly Metrics And Ratios for Copart

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026
DEI Shares Outstanding		 - - - - - - - - - 968,017,684.00 963,308,388.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 968,017,684.00 963,308,388.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.36 0.42
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 14.22% 6.63% 10.32% 7.16% 12.39% 14.03% 7.49% 5.25% 0.72% - 2.09%
EBITDA Growth		 24.90% 5.12% 5.83% -5.22% 5.98% 12.95% 5.75% 16.03% 5.90% - 1.52%
EBIT Growth		 26.77% 3.91% 3.16% -7.51% 3.70% 12.08% 5.54% 17.44% 6.86% - 0.71%
NOPAT Growth		 26.98% 5.77% 6.16% -11.55% 4.71% 18.17% 2.87% 20.21% 9.35% - 1.96%
Net Income Growth		 35.26% 10.85% 9.04% -7.36% 8.61% 18.74% 6.08% 22.70% 11.36% - -0.97%
EPS Growth		 36.00% 10.00% 8.33% -5.56% 8.82% 21.21% 7.69% 20.59% 10.81% - 2.38%
Operating Cash Flow Growth		 20.44% -14.07% -1.88% 22.49% 28.52% 10.10% 41.22% -0.17% 10.99% - -16.65%
Free Cash Flow Firm Growth		 -351.57% -135.61% -176.10% -196.20% 57.23% 91.12% 120.63% 123.46% 348.89% - 280.77%
Invested Capital Growth		 15.09% 16.61% 17.30% 13.54% 10.65% 9.20% 7.60% 7.08% 3.64% - 3.92%
Revenue Q/Q Growth		 2.29% -0.03% 10.50% -5.17% 7.28% 1.44% 4.16% -7.15% 2.66% - 10.29%
EBITDA Q/Q Growth		 -0.97% -2.93% 15.32% -14.50% 10.73% 3.46% 7.97% -6.19% 1.06% - 16.97%
EBIT Q/Q Growth		 -0.82% -3.71% 15.68% -16.28% 11.19% 4.07% 8.93% -6.84% 1.18% - 18.47%
NOPAT Q/Q Growth		 -3.13% -3.06% 17.53% -19.85% 14.66% 9.40% 2.31% -6.34% 4.31% - 20.34%
Net Income Q/Q Growth		 -4.39% -2.11% 17.38% -15.68% 12.10% 7.02% 4.86% -2.47% 1.75% - 14.69%
EPS Q/Q Growth		 -5.56% -2.94% 18.18% -12.82% 8.82% 8.11% 5.00% -2.38% 0.00% - 19.44%
Operating Cash Flow Q/Q Growth		 4.65% -56.88% 206.75% -11.50% 9.80% -63.07% 293.47% -37.44% 22.07% - 358.19%
Free Cash Flow Firm Q/Q Growth		 -169.38% -52.66% 12.98% 17.23% 61.10% 68.31% 302.15% -5.86% 312.65% - 52.61%
Invested Capital Q/Q Growth		 4.99% 8.64% -0.94% 0.49% 2.31% 7.22% -2.39% 0.00% -0.97% - -2.42%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 85.51% 85.61% 46.62% 100.38% 87.95% 87.30% 85.99% 86.90% 87.75% - 87.04%
EBITDA Margin		 42.60% 41.36% 43.17% 38.92% 40.17% 40.97% 42.46% 42.90% 42.23% - 42.23%
Operating Margin		 38.75% 37.24% 38.78% 33.63% 35.43% 36.64% 37.26% 36.67% 37.29% - 37.53%
EBIT Margin		 38.35% 36.94% 38.67% 34.14% 35.38% 36.30% 37.97% 38.09% 37.54% - 37.45%
Profit (Net Income) Margin		 32.59% 31.91% 33.90% 30.14% 31.49% 33.23% 33.45% 35.14% 34.82% - 32.45%
Tax Burden Percent		 78.56% 79.25% 80.94% 78.88% 80.03% 83.48% 80.62% 82.63% 82.57% - 79.94%
Interest Burden Percent		 108.18% 109.01% 108.31% 111.92% 111.22% 109.65% 109.30% 111.63% 112.34% - 108.38%
Effective Tax Rate		 21.44% 20.75% 19.06% 21.12% 19.97% 16.52% 19.38% 17.37% 17.43% - 20.06%
Return on Invested Capital (ROIC)		 34.12% 31.12% 34.38% 28.97% 30.79% 31.79% 32.36% 32.96% 33.34% - 30.89%
ROIC Less NNEP Spread (ROIC-NNEP)		 33.06% 29.99% 33.29% 27.63% 29.65% 30.84% 31.25% 31.63% 32.30% - 30.19%
Return on Net Nonoperating Assets (RNNOA)		 -12.18% -10.79% -13.49% -11.79% -13.05% -13.17% -14.60% -15.50% -16.47% - -14.73%
Return on Equity (ROE)		 21.94% 20.33% 20.89% 17.18% 17.74% 18.62% 17.76% 17.46% 16.87% - 16.17%
Cash Return on Invested Capital (CROIC)		 21.02% 17.54% 17.89% 19.51% 21.33% 21.60% 23.84% 25.60% 29.37% - 26.71%
Operating Return on Assets (OROA)		 23.71% 22.17% 22.43% 19.07% 19.06% 19.49% 19.71% 19.12% 17.97% - 17.98%
Return on Assets (ROA)		 20.15% 19.15% 19.66% 16.84% 16.96% 17.84% 17.37% 17.63% 16.67% - 15.58%
Return on Common Equity (ROCE)		 21.89% 20.29% 20.85% 17.15% 17.68% 18.56% 17.71% 17.41% 16.83% - 16.13%
Return on Equity Simple (ROE_SIMPLE)		 20.66% 19.98% 19.35% 0.00% 17.62% 17.49% 16.80% 0.00% 0.00% - 0.00%
Net Operating Profit after Tax (NOPAT)		 311 301 354 284 325 356 364 341 356 308 371
NOPAT Margin		 30.44% 29.51% 31.39% 26.53% 28.36% 30.58% 30.04% 30.30% 30.79% - 30.00%
Net Nonoperating Expense Percent (NNEP)		 1.06% 1.13% 1.09% 1.34% 1.14% 0.95% 1.11% 1.32% 1.04% - 0.70%
Return On Investment Capital (ROIC_SIMPLE)		 - 4.44% - - - 4.29% 4.15% 3.71% 3.70% 3.15% 4.23%
Cost of Revenue to Revenue		 14.49% 14.39% 53.38% -0.38% 12.05% 12.70% 14.01% 13.10% 12.25% - 12.96%
SG&A Expenses to Revenue		 6.73% 8.26% 7.83% 8.80% 9.22% 8.54% 8.31% 8.63% 9.20% - 8.76%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Operating Expenses to Revenue		 46.76% 48.37% 7.83% 66.75% 52.52% 50.67% 48.73% 50.23% 50.46% - 49.51%
Earnings before Interest and Taxes (EBIT)		 391 377 436 365 406 422 460 429 434 391 463
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 435 422 487 416 461 477 515 483 488 447 522
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 6.50 6.80 7.28 6.69 6.28 6.72 6.71 4.77 4.34 - 3.64
Price to Tangible Book Value (P/TBV)		 7.15 7.45 7.93 7.26 6.78 7.23 7.19 5.09 4.61 - 3.89
Price to Revenue (P/Rev)		 10.43 11.36 12.54 11.89 11.36 12.39 12.84 9.43 8.94 - 6.88
Price to Earnings (P/E)		 31.46 34.01 37.61 36.95 35.60 38.38 39.87 28.23 26.11 - 20.54
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Earnings Yield		 3.18% 2.94% 2.66% 2.71% 2.81% 2.61% 2.51% 3.54% 3.83% - 4.87%
Enterprise Value to Invested Capital (EV/IC)		 10.24 10.49 11.97 11.38 10.87 11.50 12.36 8.84 8.32 - 6.04
Enterprise Value to Revenue (EV/Rev)		 9.78 10.71 11.80 11.08 10.52 11.55 11.89 8.41 7.82 - 5.97
Enterprise Value to EBITDA (EV/EBITDA)		 22.52 24.78 27.58 26.69 25.72 28.29 29.23 20.19 18.55 - 14.29
Enterprise Value to EBIT (EV/EBIT)		 24.87 27.43 30.75 29.93 28.99 31.95 33.03 22.75 20.86 - 16.14
Enterprise Value to NOPAT (EV/NOPAT)		 31.27 34.36 38.21 37.60 36.33 39.48 41.11 28.19 25.70 - 20.13
Enterprise Value to Operating Cash Flow (EV/OCF)		 27.36 31.03 35.31 31.89 29.06 32.61 30.32 21.70 19.65 - 16.44
Enterprise Value to Free Cash Flow (EV/FCFF)		 52.13 64.40 72.22 62.03 53.55 55.57 53.73 35.71 28.83 - 23.03
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
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
Financial Leverage		 -0.37 -0.36 -0.41 -0.43 -0.44 -0.43 -0.47 -0.49 -0.51 - -0.49
Leverage Ratio		 1.15 1.13 1.12 1.12 1.13 1.11 1.11 1.11 1.11 - 1.10
Compound Leverage Factor		 1.24 1.23 1.22 1.25 1.26 1.22 1.21 1.23 1.25 - 1.19
Debt to Total Capital		 0.15% 0.01% 0.01% 0.00% 0.00% 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%
Long-Term Debt to Total Capital		 0.15% 0.01% 0.01% 0.00% 0.00% 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%
Noncontrolling Interests to Total Capital		 0.39% 0.37% 0.35% 0.33% 0.30% 0.27% 0.24% 0.22% 0.20% - 0.20%
Common Equity to Total Capital		 99.46% 99.62% 99.65% 99.67% 99.70% 99.73% 99.76% 99.78% 99.80% - 99.80%
Debt to EBITDA		 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Debt to EBITDA		 -1.51 -1.52 -1.73 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Long-Term Debt to EBITDA		 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Debt to NOPAT		 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Debt to NOPAT		 -2.10 -2.11 -2.40 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Long-Term Debt to NOPAT		 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Altman Z-Score		 30.12 37.51 40.79 36.64 33.61 41.11 43.01 32.10 28.28 - 24.63
Noncontrolling Interest Sharing Ratio		 0.22% 0.21% 0.20% 0.18% 0.34% 0.32% 0.29% 0.27% 0.24% - 0.22%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 5.74 7.13 7.36 7.03 6.62 7.89 8.16 8.42 7.94 - 7.61
Quick Ratio		 5.42 6.68 6.95 6.69 6.29 7.43 7.83 8.13 7.68 - 7.29
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -190 -289 -252 -208 -81 -26 52 49 202 130 198
Operating Cash Flow to CapEx		 232.59% 132.74% 574.22% 320.19% 203.91% 153.26% 564.86% 726.64% 534.66% - 734.58%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 -2.04 0.00 0.00 0.00 0.00 0.00 - 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 4.30 0.00 0.00 0.00 0.00 0.00 - 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 2.96 0.00 0.00 0.00 0.00 0.00 - 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.62 0.60 0.58 0.56 0.54 0.54 0.52 0.50 0.48 - 0.48
Accounts Receivable Turnover		 5.77 5.04 5.49 5.70 5.60 5.21 5.81 6.00 5.96 - 5.98
Inventory Turnover		 23.67 15.99 49.13 40.91 35.79 33.40 37.43 14.48 13.07 - 12.74
Fixed Asset Turnover		 1.45 1.42 1.44 1.41 1.38 1.39 1.38 1.37 1.33 - 1.27
Accounts Payable Turnover		 2.42 1.66 4.75 3.57 3.16 3.28 3.15 1.09 1.02 - 1.02
Days Sales Outstanding (DSO)		 63.23 72.44 66.44 64.09 65.14 70.03 62.83 60.82 61.22 - 61.07
Days Inventory Outstanding (DIO)		 15.42 22.83 7.43 8.92 10.20 10.93 9.75 25.21 27.93 - 28.65
Days Payable Outstanding (DPO)		 150.56 219.67 76.77 102.34 115.64 111.14 115.79 335.94 358.04 - 357.67
Cash Conversion Cycle (CCC)		 -71.91 -124.40 -2.90 -29.33 -40.30 -30.19 -43.21 -249.91 -268.89 - -267.95
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 3,816 4,145 4,106 4,126 4,222 4,527 4,418 4,418 4,376 4,705 4,592
Invested Capital Turnover		 1.12 1.05 1.10 1.09 1.09 1.04 1.08 1.09 1.08 - 1.03
Increase / (Decrease) in Invested Capital		 500 590 606 492 406 381 312 292 154 179 173
Enterprise Value (EV)		 39,068 43,487 49,152 46,959 45,906 52,043 54,598 39,063 36,398 - 27,713
Market Capitalization		 41,664 46,130 52,217 50,357 49,580 55,817 58,961 43,831 41,622 - 31,895
Book Value per Share		 $6.70 $7.07 $7.46 $7.82 $8.20 $8.62 $9.09 $9.50 $9.92 $10.11 $9.11
Tangible Book Value per Share		 $6.09 $6.45 $6.85 $7.21 $7.59 $8.02 $8.48 $8.90 $9.32 $9.51 $8.51
Total Capital		 6,446 6,813 7,197 7,549 7,920 8,324 8,803 9,207 9,619 9,807 8,791
Total Debt		 9.46 0.45 0.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 9.46 0.45 0.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -2,621 -2,668 -3,090 -3,422 -3,698 -3,797 -4,384 -4,789 -5,243 -5,102 -4,200
Capital Expenditures (CapEx)		 161 122 86 137 237 116 124 60 100 68 80
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 330 554 495 367 320 540 318 282 177 460 332
Debt-free Net Working Capital (DFNWC)		 2,960 3,222 3,586 3,790 4,018 4,337 4,702 5,071 5,421 5,562 4,531
Net Working Capital (NWC)		 2,960 3,222 3,586 3,790 4,018 4,337 4,702 5,071 5,421 5,562 4,531
Net Nonoperating Expense (NNE)		 -22 -24 -28 -39 -36 -31 -41 -54 -47 -42 -30
Net Nonoperating Obligations (NNO)		 -2,621 -2,668 -3,090 -3,422 -3,698 -3,797 -4,384 -4,789 -5,243 -5,102 -4,200
Total Depreciation and Amortization (D&A)		 43 45 51 51 55 54 55 54 54 56 59
Debt-free, Cash-free Net Working Capital to Revenue		 8.26% 13.66% 11.89% 8.67% 7.34% 11.98% 6.92% 6.07% 3.81% - 7.15%
Debt-free Net Working Capital to Revenue		 74.08% 79.37% 86.08% 89.44% 92.09% 96.24% 102.42% 109.13% 116.45% - 97.68%
Net Working Capital to Revenue		 74.08% 79.37% 86.08% 89.44% 92.09% 96.24% 102.42% 109.13% 116.45% - 97.68%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.35 $0.34 $0.40 $0.34 $0.38 $0.40 $0.42 $0.41 $0.42 $0.36 $0.43
Adjusted Weighted Average Basic Shares Outstanding		 958.13M 960.53M 961.81M 960.74M 963.18M 964.75M 966.23M 965.31M 967.65M 967.21M 936.29M
Adjusted Diluted Earnings per Share		 $0.34 $0.33 $0.39 $0.34 $0.37 $0.40 $0.42 $0.41 $0.41 $0.36 $0.43
Adjusted Weighted Average Diluted Shares Outstanding		 971.68M 974.59M 976.45M 974.80M 976.51M 977.91M 978.09M 977.56M 977.10M 975.09M 942.77M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.34 $0.00 $0.00 $0.00 $0.41 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 960.23M 961.46M 962.30M 963.29M 963.53M 966.09M 966.94M 967.73M 968.02M 963.31M 925.81M
Normalized Net Operating Profit after Tax (NOPAT)		 311 301 354 284 325 356 364 341 356 308 371
Normalized NOPAT Margin		 30.44% 29.51% 31.39% 26.53% 28.36% 30.58% 30.04% 30.30% 30.79% - 30.00%
Pre Tax Income Margin		 41.48% 40.26% 41.88% 38.21% 39.35% 39.80% 41.50% 42.52% 42.17% - 40.59%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 3.57 0.00 0.00 0.00 0.00 0.00 - 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 2.78 0.00 0.00 0.00 0.00 0.00 - 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 2.23 0.00 0.00 0.00 0.00 0.00 - 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 1.43 0.00 0.00 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%
Augmented Payout Ratio		 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’s latest results continue to show a very strong balance sheet and solid profitability, but cash generation was weaker in Q2 2026 than in the prior quarter. Over the last several years, the company has grown revenue steadily, maintained high margins, and built up a large cash position. The main near-term watch items are the recent drop in operating cash flow, the growing share count, and the large amount of capital tied up in investments and receivables.

  • Revenue remains on an upward long-term trend. Q2 2026 revenue was $1.12 billion, up from $1.02 billion in Q2 2025 and above Q2 2024 levels, showing continued top-line growth.
  • Profitability is still strong. Q2 2026 net income attributable to common shareholders was $350.7 million, with diluted EPS of $0.36.
  • Gross margin remains very attractive. In Q2 2026, gross profit was $971.2 million on revenue of $1.12 billion, reflecting Copart’s efficient operating model.
  • The balance sheet is exceptionally liquid. As of Q2 2026, Copart held $5.10 billion in cash and equivalents and had no short-term debt burden shown on the balance sheet.
  • Shareholders’ equity continues to grow. Total common equity rose to $9.79 billion in Q2 2026 from $7.52 billion in Q4 2024 and $4.85 billion in Q3 2023.
  • Long-term retained earnings growth is impressive. Retained earnings reached $8.63 billion in Q2 2026, highlighting years of cumulative profitability.
  • Operating cash flow was positive. Q2 2026 operating cash flow was $127.5 million, which is still healthy despite a quarter-over-quarter decline.
  • Copart continues to invest heavily in its asset base. Net PP&E climbed to $3.69 billion in Q2 2026, up from $3.18 billion at Q4 2024, suggesting ongoing capacity expansion.
  • Accounts receivable is significant and has been rising. Receivables were $861.6 million in Q2 2026 versus $801.8 million in Q1 2025, so collections are worth monitoring.
  • The company keeps a large portfolio of investments. While this supports liquidity, it also means a meaningful portion of cash is not sitting idle in operating accounts.
  • Balance sheet composition includes sizeable goodwill and intangibles. Goodwill was $523.5 million and intangibles were $57.3 million in Q2 2026, which is manageable but still an area to watch.
  • Operating cash flow fell sharply from the prior quarter. Q2 2026 operating cash flow of $127.5 million was far below Q1 2026’s $535.3 million and Q4 2025’s $438.5 million.
  • Working capital consumed a lot of cash in Q2 2026. Changes in operating assets and liabilities reduced cash flow by $288.9 million.
  • Net cash declined in the quarter. Copart’s cash and equivalents decreased by $131.8 million in Q2 2026.
  • Investing outflows remain large. Q2 2026 investing cash flow was -$57.7 million, and the company has historically spent heavily on investments and PP&E.
  • Share dilution is ongoing. Diluted weighted-average shares rose to 975.1 million in Q2 2026 from 963.3 million in Q2 2025, which can pressure per-share growth.

Bottom line: Copart looks financially durable and highly profitable, with a fortress-like balance sheet and a long record of growth. However, investors should watch whether the latest weakness in operating cash flow is temporary or the start of a softer cash conversion trend.

06/16/26 03:55 PM ETAI Generated. May Contain Errors.

Copart Financials - Frequently Asked Questions

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

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 Copart's forecast for analyst expectations on what's next for the company.

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

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%.

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.

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.

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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Financial statements for NASDAQ:CPRT last updated on 6/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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