Copart

Industrials Diversified Support Services Dallas, Texas Last filing Sep 26, 2025 · FY2025

                    Revenue
                    FY2025
                
$4.6B
                    3y CAGR +9.9%
                    
                    P81
                    
                    +9.7%
                    
                    Net income
                    FY2025
                
$1.6B
                    Net margin +33.4%
                    
                    P99
                    
                    +13.9%
                    
                    Total assets
                    FY2025
                
$10.1B
                    ROA +15.4%
                    
                    P85
                    
                    +19.7%
                    
                    Operating cash flow
                    FY2025
                
$1.8B
                    FCF margin +26.5%
                    
                    P97
                    
                    +22.2%

17 yrs · FY2009–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

27 accounts · 10 years

Total assets $10.1B

Total liabilities $883.4M

Shareholders equity $9.2B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	27.6%	18.0%	14.2%	26.1%	23.0%	13.8%	7.3%	11.9%	10.6%	9.4%
Accounts Receivable	7.6%	9.3%	10.4%	10.9%	10.5%	10.1%	14.4%	15.2%	15.7%	16.1%
Inventory	0.4%	0.5%	0.6%	1.1%	1.0%	0.6%	0.8%	0.7%	0.5%	0.6%
Prepaid Expenses	0.5%	0.4%	0.4%	0.4%	0.3%	0.4%	0.7%	0.7%	0.9%	1.1%
Other Current Assets	0.6%	—	—	—	—	—	—	—	—	—
Total Current Assets	57.0%	52.4%	48.4%	41.5%	37.3%	27.9%	27.0%	30.7%	29.6%	30.3%
Property,Plant and Equipment	35.7%	37.7%	42.2%	46.8%	50.3%	56.2%	56.0%	50.4%	47.6%	49.5%
Operating Lease Assets	1.0%	1.4%	1.6%	2.2%	2.6%	3.4%	0.0%	—	—	—
Goodwill	5.1%	6.1%	5.9%	7.6%	7.8%	9.9%	13.1%	14.6%	17.2%	15.8%
Intangible Assets	0.6%	0.9%	0.9%	1.0%	1.0%	1.4%	2.2%	2.8%	3.8%	0.7%
Other Noncurrent Assets	0.6%	1.5%	1.0%	0.9%	0.9%	1.2%	1.7%	1.4%	1.7%	2.3%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	5.9%	0.3%	0.5%	1.0%	0.9%	1.2%	1.8%	2.8%	1.0%	1.8%
Accrued Liabilities	5.9%	1.0%	1.0%	0.5%	0.7%	0.8%	1.2%	1.4%	2.5%	2.2%
Deferred Revenue	0.3%	—	—	—	—	—	—	—	—	—
Total Current Liabilities	6.8%	7.5%	7.3%	8.3%	9.2%	10.3%	11.1%	12.0%	15.2%	16.9%
Long Term Debt	0.0%	—	0.2%	0.0%	8.8%	11.6%	15.7%	17.3%	31.8%	38.7%
Deferred Tax Liabilities	0.8%	—	—	—	—	—	—	—	—	—
Total Liabilities	8.8%	10.4%	11.1%	12.9%	22.6%	27.9%	30.2%	31.5%	44.6%	53.1%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	12.0%	13.3%	13.9%	15.8%	16.7%	19.5%	22.5%	22.8%	22.9%	23.8%
Retained Earnings	80.2%	77.7%	77.0%	74.5%	62.9%	56.1%	52.5%	50.4%	37.6%	29.8%
Accumulated Other Comprehensive Income	-1.2%	-1.7%	-2.1%	-3.2%	-2.2%	-3.5%	-5.2%	-4.7%	-5.1%	-6.6%
Noncontrolling Interest	0.2%	0.3%	0.0%	0.0%	0.0%	—	—	—	—	—
Total Stockholders Equity	91.0%	89.3%	88.9%	87.1%	77.4%	72.1%	69.8%	68.5%	55.4%	46.9%
Total Liabilitiesand Equity	100.0%	99.7%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

17 accounts · 10 years

Revenue $4.6B

Operating income $1.7B

Net income $1.6B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	46.1%	50.3%	57.4%	65.9%	59.0%	15.2%	21.3%	78.2%	73.0%	76.9%
Expenses Cost of Revenue	6.0%	7.4%	9.1%	11.0%	7.6%	6.5%	10.0%	8.5%	6.9%	8.5%
Expenses Selling,General and Administrative	4.0%	4.0%	3.7%	4.4%	4.5%	5.5%	7.1%	7.7%	7.6%	8.4%
Expenses Depreciation and Amortization	1.9%	2.0%	2.1%	2.3%	2.3%	2.4%	2.6%	2.5%	2.0%	2.1%
Expenses Share Based Compensation	0.4%	—	—	—	—	—	—	—	—	—
Expenses Operating Expenses	29.2%	—	—	—	—	—	—	—	—	—
Other Income Expense Operating Income	16.8%	18.7%	22.1%	25.9%	24.9%	23.6%	28.1%	25.3%	23.3%	24.6%
Other Income Expense Interest Expense	0.0%	0.0%	0.0%	0.0%	0.0%	0.6%	0.8%	0.9%	1.2%	1.4%
Other Income Expense Other Income/expense	0.2%	-0.0%	0.0%	-0.0%	0.1%	0.1%	0.2%	-0.1%	0.1%	0.7%
Other Income Expense Income Before Tax	18.8%	20.3%	23.1%	25.3%	24.6%	23.2%	27.7%	24.4%	22.2%	24.0%
Income Tax Income Tax Expense	3.4%	4.2%	4.7%	4.7%	4.1%	2.9%	4.4%	6.3%	2.3%	7.6%
net Income net Income	15.4%	16.2%	18.4%	20.5%	20.5%	20.3%	23.2%	18.1%	19.9%	16.4%
net Income Comprehensive Income	15.6%	16.1%	18.8%	19.2%	21.0%	20.6%	22.3%	17.8%	20.3%	13.9%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	9.6%	11.4%	14.2%	17.9%	20.7%	6.7%	9.0%	10.0%	11.5%	13.9%
Earnings Per Share Weighted Average Shares Diluted	9.7%	11.6%	14.3%	18.2%	21.1%	6.9%	9.4%	10.5%	12.0%	14.8%

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 10 years

Operating cash flow $1.8B

Investing cash flow $-587.4M

Financing cash flow $52.1M

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	15.4%	16.2%	18.4%	20.5%	20.5%	20.3%	23.2%	18.1%	19.9%	16.4%
Operating Activities Depreciation and Amortization	1.9%	2.0%	2.1%	2.3%	2.3%	2.4%	2.6%	2.5%	2.0%	2.1%
Operating Activities Stock Based Compensation	0.4%	—	—	—	—	—	—	—	—	—
Operating Activities Deferred Income Taxes	-0.1%	-0.0%	0.1%	0.3%	-0.2%	0.7%	0.9%	0.7%	1.0%	0.3%
Operating Activities Changes In Operating Assets and Liabilities	0.2%	4.2%	2.9%	3.4%	4.4%	1.4%	4.3%	4.5%	1.3%	7.3%
Operating Activities net Cash From Operating Activities	17.8%	17.5%	20.2%	22.2%	21.7%	26.6%	25.4%	23.2%	24.8%	—
Investing Activities Capital Expenditures	5.6%	6.1%	7.7%	6.4%	10.1%	17.1%	14.7%	12.5%	8.7%	10.5%
Investing Activities Business Acquisitions	0.0%	—	—	—	—	—	—	—	—	—
Investing Activities Purchases of Investments	39.7%	48.5%	20.9%	7.1%	0.0%	0.0%	0.0%	0.0%	0.2%	0.0%
Investing Activities Proceeds From Sale of Investments	39.2%	43.2%	0.0%	7.1%	0.0%	0.0%	—	—	—	—
Investing Activities net Cash From Investing Activities	-5.8%	-11.2%	-28.1%	-8.3%	-10.2%	-17.4%	-14.0%	-12.5%	-16.9%	-10.5%
Financing Activities Proceeds From Debt	0.0%	—	—	—	—	—	—	—	—	—
Financing Activities Repayment of Debt	0.0%	—	—	—	—	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	0.4%	—	—	—	—	—	—	—	—	—
Financing Activities Tax Withholding On Stock Based Compensation	0.1%	0.1%	0.1%	0.0%	0.1%	3.0%	1.8%	0.0%	6.8%	0.9%
Financing Activities net Cash From Financing Activities	0.5%	0.2%	1.0%	-7.2%	0.9%	-0.8%	-14.5%	-7.9%	-5.4%	—
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%	—	—	—	—	—	—	—	—	—
Cash Reconciliation net Change In Cash	12.6%	6.6%	-6.3%	6.3%	12.5%	8.4%	-3.5%	2.8%	2.7%	-18.2%
Cash Reconciliation Cash At Beginning of Period	27.6%	18.0%	14.2%	26.1%	23.0%	13.8%	7.3%	11.9%	10.6%	9.4%
Cash Reconciliation Cash At End of Period	27.6%	18.0%	14.2%	26.1%	23.0%	13.8%	7.3%	11.9%	10.6%	9.4%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+87.0%	+85.4%	+84.1%	+83.3%	+87.1%	+57.1%	+52.9%	+89.1%	+90.5%	+88.9%
Operating margin	+36.5%	+37.1%	+38.4%	+39.3%	+42.2%	+155.3%	+132.1%	+32.4%	+31.9%	+32.0%
Net margin	+33.4%	+32.2%	+32.0%	+31.1%	+34.8%	+133.1%	+109.1%	+23.1%	+27.2%	+21.3%
FCF margin	+26.5%	+22.7%	+21.9%	+24.0%	+19.6%	+62.0%	+50.3%	+13.7%	+22.1%	—
Growth
Revenue CAGR (3y)	+9.9%	+16.3%	+94.5%	+86.2%	+14.2%	-28.7%	-24.7%	+16.4%	+7.6%	—
Returns
ROE	+16.9%	+18.1%	+20.7%	+23.6%	+26.5%	+28.1%	+33.3%	+26.4%	+35.9%	+34.9%
ROA	+15.4%	+16.2%	+18.4%	+20.5%	+20.5%	+20.3%	+23.2%	+18.1%	+19.9%	+16.4%
ROIC	+21.6%	—	+23.5%	+34.5%	+32.9%	+29.6%	+30.2%	+25.4%	+25.8%	+20.8%
Liquidity
Current ratio	8.42x	7.03x	6.62x	5.00x	4.04x	2.71x	2.44x	2.56x	1.94x	1.79x
Quick ratio	5.19x	3.66x	3.37x	4.45x	3.63x	2.33x	1.96x	2.26x	1.73x	1.51x
Leverage
D/E	0.10x	0.12x	0.13x	0.15x	0.29x	0.39x	0.43x	0.46x	0.80x	1.13x
Interest coverage	6814.11x	—	1486569.00x	274999.40x	17483.48x	40.34x	36.17x	28.69x	19.40x	17.22x
Efficiency
Asset turnover	0.46x	0.50x	0.57x	0.66x	0.59x	0.15x	0.21x	0.78x	0.73x	0.77x
Cash conversion cycle	-274d	+79d	+68d	+63d	+71d	+209d	+212d	-19d	+51d	+26d

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