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Copart Inc Financials

CPRT
Source SEC Filings (10-K/10-Q) Updated Mar 3, 2026 Currency USD FYE July

This page shows Copart Inc (CPRT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 81 / 100
Financial Profile 81/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
100

Copart Inc has an operating margin of 36.5%, meaning the company retains $37 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 37.1% the prior year.

Growth
49

Copart Inc's revenue grew 9.7% year-over-year to $4.6B, a solid pace of expansion. This earns a growth score of 49/100.

Leverage
100

Copart Inc carries a low D/E ratio of 0.10, meaning only $0.10 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
100

With a current ratio of 7.94, Copart Inc holds $7.94 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow
91

Copart Inc converts 26.5% of revenue into free cash flow ($1.2B). This strong cash generation earns a score of 91/100.

Returns
47

Copart Inc's ROE of 16.2% shows moderate profitability relative to equity, earning a score of 47/100. This is down from 17.3% the prior year.

Altman Z-Score Safe
22.44

Copart Inc scores 22.44, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($31.6B) relative to total liabilities ($961.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
4/9

Copart Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
1.16x

For every $1 of reported earnings, Copart Inc generates $1.16 in operating cash flow ($1.8B OCF vs $1.6B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$4.6B
YoY+9.7%
5Y CAGR+16.1%
10Y CAGR+15.0%

Copart Inc generated $4.6B in revenue in fiscal year 2025. This represents an increase of 9.7% from the prior year.

EBITDA
$1.9B
YoY+8.6%
5Y CAGR+15.8%
10Y CAGR+17.2%

Copart Inc's EBITDA was $1.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.6% from the prior year.

Net Income
$1.6B
YoY+13.9%
5Y CAGR+17.3%
10Y CAGR+21.6%

Copart Inc reported $1.6B in net income in fiscal year 2025. This represents an increase of 13.9% from the prior year.

EPS (Diluted)
$1.59
YoY+13.6%

Copart Inc earned $1.59 per diluted share (EPS) in fiscal year 2025. This represents an increase of 13.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$1.2B
YoY+28.0%
5Y CAGR+30.4%
10Y CAGR+20.8%

Copart Inc generated $1.2B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 28.0% from the prior year.

Cash & Debt
$5.2B
YoY+41.5%
5Y CAGR+53.9%
10Y CAGR+27.2%

Copart Inc held $5.2B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
968M
YoY+0.5%

Copart Inc had 968M shares outstanding in fiscal year 2025. This represents an increase of 0.5% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
36.5%
YoY-0.6pp
5Y CAGR-0.5pp
10Y CAGR+6.5pp

Copart Inc's operating margin was 36.5% in fiscal year 2025, reflecting core business profitability. This is down 0.6 percentage points from the prior year.

Net Margin
33.4%
YoY+1.2pp
5Y CAGR+1.7pp
10Y CAGR+14.2pp

Copart Inc's net profit margin was 33.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.2 percentage points from the prior year.

Return on Equity
16.2%
YoY-1.1pp
5Y CAGR-9.6pp
10Y CAGR-5.4pp

Copart Inc's ROE was 16.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.1 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$569.0M
YoY+11.4%
5Y CAGR-0.8%
10Y CAGR+21.8%

Copart Inc invested $569.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 11.4% from the prior year.

CPRT Income Statement

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Revenue $952.1M-15.1% $1.1B-2.9% $1.2B+2.7% $1.1B-7.1% $1.2B+4.2% $1.2B+1.4% $1.1B+7.3% $1.1B
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $104.1M0.0% $104.1M-2.1% $106.3M+9.4% $97.1M-3.6% $100.7M+1.4% $99.3M-6.0% $105.7M+12.4% $94.0M
Operating Income $388.7M0.0% $388.7M-9.7% $430.7M+4.4% $412.6M-8.6% $451.5M+5.9% $426.2M+4.9% $406.4M+13.0% $359.5M
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax $91.1M0.0% $91.1M+7.3% $84.9M+2.2% $83.1M-14.7% $97.5M+27.4% $76.5M-15.1% $90.1M+4.5% $86.2M
Net Income $350.7M0.0% $350.7M-13.1% $403.7M+1.9% $396.4M-2.5% $406.6M+5.0% $387.4M+7.0% $362.1M+12.3% $322.6M
EPS (Diluted) $0.360.0% $0.36-12.2% $0.41 N/A $0.42+5.0% $0.40+8.1% $0.37 N/A

CPRT Balance Sheet

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Total Assets $10.6B0.0% $10.6B+0.1% $10.6B+4.9% $10.1B+4.3% $9.7B+5.3% $9.2B+3.6% $8.9B+5.2% $8.4B
Current Assets $6.2B0.0% $6.2B-0.4% $6.2B+7.8% $5.8B+7.4% $5.4B+7.9% $5.0B+4.9% $4.7B+7.1% $4.4B
Cash & Equivalents $5.1B0.0% $5.1B-2.5% $5.2B+88.2% $2.8B+17.5% $2.4B-29.1% $3.3B-9.7% $3.7B+144.2% $1.5B
Inventory $41.9M0.0% $41.9M+3.6% $40.4M+1.9% $39.7M-10.9% $44.5M-24.7% $59.1M+12.7% $52.4M+20.1% $43.6M
Accounts Receivable $861.6M0.0% $861.6M+13.4% $759.7M-0.4% $762.8M+0.7% $757.8M-14.1% $882.7M+10.1% $801.8M+2.0% $785.9M
Goodwill $523.5M0.0% $523.5M+0.9% $518.8M+0.2% $517.8M-0.2% $518.6M+1.8% $509.7M-0.9% $514.5M+0.1% $513.9M
Total Liabilities $787.7M0.0% $787.7M-18.1% $961.9M+8.9% $883.4M+1.6% $869.5M+0.7% $863.3M-9.1% $949.5M+8.0% $879.2M
Current Liabilities $613.9M0.0% $613.9M-21.4% $781.2M+14.3% $683.3M+4.0% $657.1M+4.4% $629.6M-11.9% $714.9M+13.7% $628.6M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A $0
Total Equity $9.8B0.0% $9.8B+2.0% $9.6B+4.5% $9.2B+4.6% $8.8B+5.8% $8.3B+5.1% $7.9B+4.9% $7.5B
Retained Earnings $8.6B0.0% $8.6B+1.6% $8.5B+5.0% $8.1B+5.1% $7.7B+5.6% $7.3B+5.6% $6.9B+5.5% $6.5B

CPRT Cash Flow Statement

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Operating Cash Flow $180.5M+41.6% $127.5M-76.2% $535.3M+22.1% $438.5M-37.4% $700.9M+293.5% $178.1M-63.1% $482.3M+9.8% $439.2M
Capital Expenditures -$59.1M-184.9% $69.6M-35.6% $108.0M+23.3% $87.6M+24.4% $70.5M-59.5% $174.1M-26.5% $236.8M+71.7% $137.9M
Free Cash Flow $121.4M+109.7% $57.9M-86.5% $427.2M+21.8% $350.8M-44.3% $630.4M+15477.1% $4.0M-98.4% $245.5M-18.5% $301.3M
Investing Cash Flow $156.4M+371.1% -$57.7M-103.0% $1.9B+6847.8% -$28.4M+98.3% -$1.7B-193.5% -$574.7M-133.8% $1.7B+7317.4% -$23.6M
Financing Cash Flow -$207.5M-0.8% -$205.8M-45839.1% $450K-94.3% $7.9M+22.8% $6.5M-81.8% $35.6M+1564.8% $2.1M-74.5% $8.4M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $218.2M N/A N/A N/A N/A N/A N/A N/A

CPRT Financial Ratios

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin 40.8%+6.2pp 34.6%-2.6pp 37.3%+0.6pp 36.7%-0.6pp 37.3%+0.6pp 36.6%+1.2pp 35.4%+1.8pp 33.6%
Net Margin 36.8%+5.6pp 31.3%-3.7pp 34.9%-0.3pp 35.2%+1.7pp 33.6%+0.3pp 33.3%+1.7pp 31.6%+1.4pp 30.2%
Return on Equity 3.6%0.0pp 3.6%-0.6pp 4.2%-0.1pp 4.3%-0.3pp 4.6%-0.0pp 4.7%+0.1pp 4.6%+0.3pp 4.3%
Return on Assets 3.3%0.0pp 3.3%-0.5pp 3.8%-0.1pp 3.9%-0.3pp 4.2%-0.0pp 4.2%+0.1pp 4.1%+0.3pp 3.8%
Current Ratio 10.060.0 10.06+2.1 7.94-0.5 8.42+0.3 8.16+0.3 7.89+1.3 6.62-0.4 7.03
Debt-to-Equity 0.080.0 0.08-0.0 0.100.0 0.100.0 0.100.0 0.10-0.0 0.12+0.1 0.00
FCF Margin 12.8%+7.6pp 5.2%-31.8pp 37.0%+5.8pp 31.2%-20.8pp 52.0%+51.7pp 0.4%-21.1pp 21.4%-6.8pp 28.2%

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Frequently Asked Questions

Copart Inc (CPRT) reported $4.6B in total revenue for fiscal year 2025. This represents a 9.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Copart Inc (CPRT) revenue grew by 9.7% year-over-year, from $4.2B to $4.6B in fiscal year 2025.

Yes, Copart Inc (CPRT) reported a net income of $1.6B in fiscal year 2025, with a net profit margin of 33.4%.

Copart Inc (CPRT) reported diluted earnings per share of $1.59 for fiscal year 2025. This represents a 13.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Copart Inc (CPRT) had EBITDA of $1.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Copart Inc (CPRT) had an operating margin of 36.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Copart Inc (CPRT) had a net profit margin of 33.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Copart Inc (CPRT) has a return on equity of 16.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Copart Inc (CPRT) generated $1.2B in free cash flow during fiscal year 2025. This represents a 28.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Copart Inc (CPRT) generated $1.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Copart Inc (CPRT) had $10.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Copart Inc (CPRT) invested $569.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Copart Inc (CPRT) had 968M shares outstanding as of fiscal year 2025.

Copart Inc (CPRT) had a current ratio of 7.94 as of fiscal year 2025, which is generally considered healthy.

Copart Inc (CPRT) had a debt-to-equity ratio of 0.10 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Copart Inc (CPRT) had a return on assets of 14.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Copart Inc (CPRT) has an Altman Z-Score of 22.44, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Copart Inc (CPRT) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Copart Inc (CPRT) has an earnings quality ratio of 1.16x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Copart Inc (CPRT) scores 81 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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