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Copart Inc Financials

CPRT
Trailing 12 months to April 30, 2026
Revenue $4.6B +1.0% YoY
Net Income $1.6B +5.0% YoY
EPS (Diluted) $1.61 +5.9% YoY
Free Cash Flow $1.3B +13.4% YoY
Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Apr 30, 2026 Reported Currency USD FYE July

Copart Inc (CPRT) reported $4.6B in revenue over the twelve months to Apr 30, 2026, up 1.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI CPRT FY2025

Cash-funded expansion is Copart’s dominant mechanic: rising free cash flow finances growth while leverage stays peripheral and margins gradually compress.

Operating margin narrowed while FCF margin expanded across the period, indicating that reported profitability and cash-generation efficiency are moving in different directions. The business is therefore converting a larger share of sales into discretionary cash even as each revenue dollar produces less operating profit.

Revenue expanded substantially while operating margin compressed from 42.2% to 36.5%, suggesting growth is not being accompanied by the same level of operating conversion. Operating income still reached $1.7B while SG&A reached $402.9M, so expansion is adding profit dollars despite heavier overhead.

Free cash flow covered reinvestment comfortably in FY2025: $1.2B of free cash flow versus $569M of capital expenditures. Cash reached $2.8B against $883M of total liabilities, leaving the balance sheet increasingly supported by retained cash rather than borrowing.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 86 / 100
Financial Health Score 86/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Copart Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
98

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 98/100, reflecting efficient cost management and pricing power. This is down from 37.1% the prior year.

Growth
64

Copart Inc's revenue grew 9.7% year-over-year to $4.6B, a solid pace of expansion. This earns a growth score of 64/100.

Leverage
80

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 80/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
96

With a current ratio of 8.42, Copart Inc holds $8.42 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 96/100.

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
88

Copart Inc earns a strong 16.9% return on equity (ROE), meaning it generates $17 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 88/100. This is down from 18.1% the prior year.

Altman Z-Score Safe
23.49

Copart Inc scores 23.49, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($30.5B) relative to total liabilities ($883.4M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
4/7

Copart Inc passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 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
$2.8B
YoY+83.6%
5Y CAGR+42.2%
10Y CAGR+19.8%

Copart Inc held $2.8B in cash as of fiscal year 2025; long-term debt is not reported for that period.

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.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

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
16.9%
YoY-1.2pp
5Y CAGR-11.2pp
10Y CAGR-5.9pp

Copart Inc's ROE was 16.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.2 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Capital Allocation

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.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

CPRT Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

CPRT quarterly income statement
MetricQ3'26Q2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24
Revenue$1.2B+10.3%$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
SG&A Expenses$108.3M+4.0%$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$464.3M+19.4%$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
Income Tax$100.7M+10.6%$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$402.4M+14.7%$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)$0.43+19.4%$0.36-12.2%$0.410.0%$0.41-2.4%$0.42+5.0%$0.40+8.1%$0.37+12.1%$0.33

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Interest Expense.

CPRT Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

CPRT quarterly balance sheet
MetricQ3'26Q2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24
Total Assets$9.6B-8.9%$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$5.2B-15.5%$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$3.4B-34.3%$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$49.6M+18.5%$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$794.5M-7.8%$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$522.7M-0.1%$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$857.6M+8.9%$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$685.3M+11.6%$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 DebtN/AN/AN/AN/AN/AN/AN/A$0
Total Equity$8.8B-10.4%$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$7.7B-11.3%$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

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

CPRT quarterly cash flow statement
MetricQ3'26Q2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24
Operating Cash Flow$584.2M+358.2%$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$80.9M+16.2%$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$503.3M+769.5%$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-$925.2M-1503.8%-$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-$1.4B-585.0%-$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
Share Buybacks$1.4BN/AN/AN/AN/AN/AN/AN/A

Not reported in any period shown, so not listed: Dividends Paid.

CPRT Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

CPRT quarterly financial ratios
MetricQ3'26Q2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24
Operating Margin37.5%+2.9pp34.6%-2.6pp37.3%+0.6pp36.7%-0.6pp37.3%+0.6pp36.6%+1.2pp35.4%+1.8pp33.6%
Net Margin32.5%+1.3pp31.3%-3.7pp34.9%-0.3pp35.2%+1.7pp33.6%+0.3pp33.3%+1.7pp31.6%+1.4pp30.2%
Return on Equity4.6%+1.0pp3.6%-0.6pp4.2%-0.1pp4.3%-0.3pp4.6%0.0pp4.7%+0.1pp4.6%+0.3pp4.3%
Return on Assets4.2%+0.9pp3.3%-0.5pp3.8%-0.1pp3.9%-0.3pp4.2%0.0pp4.2%+0.1pp4.1%+0.3pp3.8%
Current Ratio7.61-2.4x10.06+2.1x7.94-0.5x8.42+0.3x8.16+0.3x7.89+1.3x6.62-0.4x7.03
Debt-to-Equity0.100.0x0.080.0x0.100.0x0.100.0x0.100.0x0.100.0x0.12+0.1x0.00
FCF Margin40.7%+35.5pp5.2%-31.8pp37.0%+5.8pp31.2%-20.8pp52.0%+51.7pp0.4%-21.1pp21.4%-6.8pp28.2%

Not reported in any period shown, so not listed: Gross Margin.

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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%.

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 16.9% 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 $10.1B 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 8.42 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 15.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Copart Inc (CPRT) has an Altman Z-Score of 23.49, 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 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 86 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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