Copart Inc Financials
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
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
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.
Copart Inc's revenue grew 9.7% year-over-year to $4.6B, a solid pace of expansion. This earns a growth score of 56/100.
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.
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.
Copart Inc converts 26.5% of revenue into free cash flow ($1.2B). This strong cash generation earns a score of 100/100.
Copart Inc earns a strong 16.2% return on equity (ROE), meaning it generates $16 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 65/100. This is down from 17.3% the prior year.
Copart Inc scores 25.44, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($36.4B) relative to total liabilities ($961.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
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.
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
Copart Inc generated $4.6B in revenue in fiscal year 2025. This represents an increase of 9.7% from the prior year.
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.
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.
Copart Inc reported $1.6B in net income in fiscal year 2025. This represents an increase of 13.9% from the prior year.
Copart Inc earned $1.59 per diluted share (EPS) in fiscal year 2025. This represents an increase of 13.6% from the prior year.
Copart Inc held $5.2B in cash against $0 in long-term debt as of fiscal year 2025.
Copart Inc had 968M shares outstanding in fiscal year 2025. This represents an increase of 0.5% from the prior year.
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.
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.
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.
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 | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q2'24 | Q3'24 | Q1'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B-4.7% | $1.2B+4.2% | $1.2B+1.4% | $1.1B+12.4% | $1.0B-9.5% | $1.1B+10.5% | $1.0B+6.7% | $956.7M |
| 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 | $106.3M+5.5% | $100.7M+1.4% | $99.3M-6.0% | $105.7M+25.5% | $84.3M-4.6% | $88.3M+28.6% | $68.6M+12.6% | $61.0M |
| Operating Income | $430.7M-4.6% | $451.5M+5.9% | $426.2M+4.9% | $406.4M+7.0% | $379.9M-13.1% | $437.2M+10.6% | $395.4M+8.2% | $365.5M |
| Interest Expense | N/A | N/A | N/A | N/A | $34.0M-6.2% | $36.2M+13.2% | $32.0M+121.0% | $14.5M |
| Income Tax | $84.9M-12.9% | $97.5M+27.4% | $76.5M-15.1% | $90.1M+5.8% | $85.2M-5.3% | $90.0M-0.9% | $90.8M+8.8% | $83.4M |
| Net Income | $403.7M-0.7% | $406.6M+5.0% | $387.4M+7.0% | $362.1M+11.2% | $325.6M-14.8% | $382.3M+15.0% | $332.5M+13.2% | $293.7M |
| EPS (Diluted) | $0.41-2.4% | $0.42+5.0% | $0.40+8.1% | $0.37+12.1% | $0.33-15.4% | $0.39+14.7% | $0.34+13.3% | $0.30 |
CPRT Balance Sheet
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q2'24 | Q3'24 | Q1'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.6B+9.4% | $9.7B+5.3% | $9.2B+3.6% | $8.9B+5.2% | $8.4B+5.2% | $8.0B+9.2% | $7.3B+8.8% | $6.7B |
| Current Assets | $6.2B+15.7% | $5.4B+7.9% | $5.0B+4.9% | $4.7B+7.1% | $4.4B+6.5% | $4.1B+15.7% | $3.6B+9.9% | $3.3B |
| Cash & Equivalents | $5.2B+121.2% | $2.4B-29.1% | $3.3B-9.7% | $3.7B+144.2% | $1.5B+38.9% | $1.1B-57.8% | $2.6B+169.6% | $957.4M |
| Inventory | $40.4M-9.2% | $44.5M-24.7% | $59.1M+12.7% | $52.4M+20.1% | $43.6M-6.7% | $46.8M+9.7% | $42.6M+6.6% | $40.0M |
| Accounts Receivable | $759.7M+0.2% | $757.8M-14.1% | $882.7M+10.1% | $801.8M+2.0% | $785.9M-4.5% | $822.6M+8.9% | $755.6M+7.6% | $702.0M |
| Goodwill | $518.8M0.0% | $518.6M+1.8% | $509.7M-0.9% | $514.5M+0.1% | $513.9M+0.5% | $511.4M+2.1% | $500.9M+27.0% | $394.3M |
| Total Liabilities | $961.9M+10.6% | $869.5M+0.7% | $863.3M-9.1% | $949.5M+8.0% | $879.2M+8.0% | $814.4M-9.2% | $897.1M+19.5% | $750.4M |
| Current Liabilities | $781.2M+18.9% | $657.1M+4.4% | $629.6M-11.9% | $714.9M+13.7% | $628.6M+11.6% | $563.4M-9.8% | $624.4M+26.7% | $492.8M |
| Long-Term Debt | N/A | N/A | N/A | N/A | $0-100.0% | $427K-95.5% | $9.5M-14.0% | $11.0M |
| Total Equity | $9.6B+9.3% | $8.8B+5.8% | $8.3B+5.1% | $7.9B+4.9% | $7.5B+4.9% | $7.2B+11.9% | $6.4B+7.1% | $6.0B |
| Retained Earnings | $8.5B+10.4% | $7.7B+5.6% | $7.3B+5.6% | $6.9B+5.5% | $6.5B+5.2% | $6.2B+12.8% | $5.5B+6.4% | $5.2B |
CPRT Cash Flow Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q2'24 | Q3'24 | Q1'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $535.3M-23.6% | $700.9M+293.5% | $178.1M-63.1% | $482.3M+9.8% | $439.2M-11.5% | $496.3M+32.3% | $375.2M+4.6% | $358.6M |
| Capital Expenditures | $108.0M+53.3% | $70.5M-59.5% | $174.1M-26.5% | $236.8M+71.7% | $137.9M+57.0% | $87.8M-45.9% | $162.3M-4.6% | $170.1M |
| Free Cash Flow | $427.2M-32.2% | $630.4M+15477.1% | $4.0M-98.4% | $245.5M-18.5% | $301.3M-26.2% | $408.5M+91.8% | $213.0M+13.0% | $188.5M |
| Investing Cash Flow | $1.9B+213.6% | -$1.7B-193.5% | -$574.7M-133.8% | $1.7B+7317.4% | -$23.6M+96.5% | -$668.8M-154.1% | $1.2B+179.0% | -$1.6B |
| Financing Cash Flow | $450K-93.0% | $6.5M-81.8% | $35.6M+1564.8% | $2.1M-74.5% | $8.4M+88.8% | $4.4M-40.0% | $7.4M-52.5% | $15.6M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CPRT Financial Ratios
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q2'24 | Q3'24 | Q1'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 37.3%+0.0pp | 37.3%+0.6pp | 36.6%+1.2pp | 35.4%-1.8pp | 37.2%-1.5pp | 38.8%+0.0pp | 38.8%+0.5pp | 38.2% |
| Net Margin | 34.9%+1.4pp | 33.6%+0.3pp | 33.3%+1.7pp | 31.6%-0.4pp | 31.9%-2.0pp | 33.9%+1.3pp | 32.6%+1.9pp | 30.7% |
| Return on Equity | 4.2%-0.4pp | 4.6%-0.0pp | 4.7%+0.1pp | 4.6%-0.2pp | 4.8%-0.5pp | 5.3%+0.1pp | 5.2%-0.4pp | 5.6% |
| Return on Assets | 3.8%-0.4pp | 4.2%-0.0pp | 4.2%+0.1pp | 4.1%-0.2pp | 4.3%-0.5pp | 4.8%+0.2pp | 4.5%-0.4pp | 5.0% |
| Current Ratio | 7.94-0.2 | 8.16+0.3 | 7.89+1.3 | 6.62-0.4 | 7.03-0.3 | 7.36+1.6 | 5.74-0.9 | 6.62 |
| Debt-to-Equity | 0.100.0 | 0.100.0 | 0.10-0.0 | 0.12+0.1 | 0.000.0 | 0.000.0 | 0.000.0 | 0.00 |
| FCF Margin | 37.0%-15.0pp | 52.0%+51.7pp | 0.4%-21.1pp | 21.4%+17.6pp | 3.8%-32.4pp | 36.2%+15.4pp | 20.9%+12.1pp | 8.8% |
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Frequently Asked Questions
What is Copart Inc's annual revenue?
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.
How fast is Copart Inc's revenue growing?
Copart Inc (CPRT) revenue grew by 9.7% year-over-year, from $4.2B to $4.6B in fiscal year 2025.
Is Copart Inc profitable?
Yes, Copart Inc (CPRT) reported a net income of $1.6B in fiscal year 2025, with a net profit margin of 33.4%.
What is Copart Inc's earnings per share (EPS)?
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.
What is Copart Inc's EBITDA?
Copart Inc (CPRT) had EBITDA of $1.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Copart Inc's operating margin?
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.
What is Copart Inc's net profit margin?
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.
What is Copart Inc's return on equity (ROE)?
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.
What is Copart Inc's free cash flow?
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.
What is Copart Inc's operating cash flow?
Copart Inc (CPRT) generated $1.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Copart Inc's total assets?
Copart Inc (CPRT) had $10.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Copart Inc's capital expenditures?
Copart Inc (CPRT) invested $569.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How many shares does Copart Inc have outstanding?
Copart Inc (CPRT) had 968M shares outstanding as of fiscal year 2025.
What is Copart Inc's current ratio?
Copart Inc (CPRT) had a current ratio of 7.94 as of fiscal year 2025, which is generally considered healthy.
What is Copart Inc's debt-to-equity ratio?
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.
What is Copart Inc's return on assets (ROA)?
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.
What is Copart Inc's Altman Z-Score?
Copart Inc (CPRT) has an Altman Z-Score of 25.44, 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.
What is Copart Inc's Piotroski F-Score?
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.
Are Copart Inc's earnings high quality?
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.
How financially healthy is Copart Inc?
Copart Inc (CPRT) scores 87 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.