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).
Copart’s high-margin, cash-rich self-funding model turns profit into cash faster than reinvestment, steadily building an almost debt-free balance sheet.
Over the past four annual periods, ROE and ROA trended lower even as net income and operating cash flow kept rising, a combination that can look like weakening efficiency but here points to balance-sheet expansion instead. Cash reached$5.23B while liabilities stayed near$962M , so a much larger and safer capital base is mechanically diluting return ratios.
The core operation shows strong cash conversion: operating cash flow of
Even with operating margin easing from
Financial Health Signals
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.
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 97/100, 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 64/100.
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 81/100, 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 95/100.
Copart Inc converts 26.5% of revenue into free cash flow ($1.2B). This strong cash generation earns a score of 91/100.
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 87/100. This is down from 17.3% the prior year.
Copart Inc scores 18.60, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($25.5B) relative to total liabilities ($961.9M). 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.
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.
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
Earnings & Revenue
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 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.
Cash & Balance Sheet
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 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.
Margins & Returns
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.
Capital Allocation
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 | $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 |
| 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 | $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 |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 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% | $0.41 | 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 | $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 Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/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
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $1.4B | 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 | 37.5%+2.9pp | 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 | 32.5%+1.3pp | 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 | 4.6%+1.0pp | 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 | 4.2%+0.9pp | 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 | 7.61-2.4 | 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 | 0.10+0.0 | 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 | 40.7%+35.5pp | 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
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 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.
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 18.60, 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 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.
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 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.