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

Balance Sheet

Assets, liabilities, and equity

27 accounts · 3 years

Total assets $10.1B

Total liabilities $883.4M

Shareholders equity $9.2B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	$2.8B 83.6%	$1.5B 58.1%	$957.4M
Accounts Receivable	$762.8M -2.9%	$785.9M 11.9%	$702.0M
Inventory	$39.7M -9.1%	$43.6M 9.2%	$40.0M
Prepaid Expenses	$46.4M 36.9%	$33.9M 28.7%	$26.3M
Other Current Assets	$57.9M	—	—
Total Current Assets	$5.8B 30.2%	$4.4B 35.4%	$3.3B
Property,Plant and Equipment	$3.6B 13.3%	$3.2B 11.7%	$2.8B
Operating Lease Assets	$99.7M -14.3%	$116.3M 7.5%	$108.1M
Goodwill	$517.8M 0.8%	$513.9M 30.3%	$394.3M
Intangible Assets	$62.8M -15.2%	$74.1M 18.2%	$62.7M
Other Noncurrent Assets	$57.9M -55.3%	$129.4M 96.7%	$65.8M
Total Assets	$10.1B 19.7%	$8.4B 25.1%	$6.7B
Liabilities
Accounts Payable	$591.8M 2374.2%	$23.9M -34.1%	$36.3M
Accrued Liabilities	$591.8M 591.5%	$85.6M 27.6%	$67.1M
Deferred Revenue	$30.4M	—	—
Total Current Liabilities	$683.3M 8.7%	$628.6M 27.6%	$492.8M
Long Term Debt	$0	—	$11.0M
Deferred Tax Liabilities	$80.6M	—	—
Total Liabilities	$883.4M 0.5%	$879.2M 17.2%	$750.4M
Equity
Preferred Stock	$0	$0	$0
Common Stock	$97.0K 1.0%	$96.0K 0.0%	$96.0K
Additional Paid In Capital	$1.2B 8.3%	$1.1B 19.4%	$938.9M
Retained Earnings	$8.1B 23.6%	$6.5B 26.1%	$5.2B
Accumulated Other Comprehensive Income	$-120.3M 15.9%	$-143.0M -1.4%	$-141.0M
Noncontrolling Interest	$20.5M -16.6%	$24.5M	$0
Total Stockholders Equity	$9.2B 22.1%	$7.5B 25.7%	$6.0B
Total Liabilitiesand Equity	$10.1B 20.1%	$8.4B 24.7%	$6.7B

Income Statement

Revenue, expense, and profitability

17 accounts · 3 years

Revenue $4.6B

Operating income $1.7B

Net income $1.6B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	$4.6B 9.7%	$4.2B 9.5%	$3.9B
Expenses Cost of Revenue	$603.0M -2.7%	$619.5M 0.8%	$614.5M
Expenses Selling,General and Administrative	$402.9M 20.2%	$335.2M 33.9%	$250.4M
Expenses Depreciation and Amortization	$188.9M 12.6%	$167.7M 19.9%	$139.9M
Expenses Share Based Compensation	$38.0M	—	—
Expenses Operating Expenses	$3.0B	—	—
Other Income Expense Operating Income	$1.7B 7.9%	$1.6B 5.7%	$1.5B
Other Income Expense Interest Expense	$249.0K	$0 -100.0%	$1.0K
Other Income Expense Other Income/expense	$20.0M 744.8%	$-3.1M -269.0%	$1.8M
Other Income Expense Income Before Tax	$1.9B 10.6%	$1.7B 10.3%	$1.6B
Income Tax Income Tax Expense	$347.2M -1.4%	$352.3M 11.3%	$316.6M
net Income net Income	$1.6B 13.9%	$1.4B 10.1%	$1.2B
net Income Comprehensive Income	$1.6B 15.7%	$1.4B 7.5%	$1.3B
Earnings Per Share Basic Eps	$2 13.4%	$1 9.2%	$1
Earnings Per Share Diluted Eps	$2 13.6%	$1 9.4%	$1
Earnings Per Share Weighted Average Shares Basic	$965.3M 0.5%	$960.7M 0.8%	$953.6M
Earnings Per Share Weighted Average Shares Diluted	$977.6M 0.3%	$974.8M 0.8%	$966.6M

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 3 years

Operating cash flow $1.8B

Investing cash flow $-587.4M

Financing cash flow $52.1M

Account	2025	2024	2023
CashFlow
Operating Activities net Income	$1.6B 13.9%	$1.4B 10.1%	$1.2B
Operating Activities Depreciation and Amortization	$188.9M 12.6%	$167.7M 19.9%	$139.9M
Operating Activities Stock Based Compensation	$38.0M	—	—
Operating Activities Deferred Income Taxes	$-13.4M -1486.8%	$-847.0K -108.5%	$9.9M
Operating Activities Changes In Operating Assets and Liabilities	$23.7M -93.3%	$353.1M 80.7%	$195.4M
Operating Activities net Cash From Operating Activities	$1.8B 22.2%	$1.5B 7.9%	$1.4B
Investing Activities Capital Expenditures	$569.0M 11.4%	$511.0M -1.1%	$516.6M
Investing Activities Business Acquisitions	$1.2M	—	—
Investing Activities Purchases of Investments	$4.0B -2.1%	$4.1B 190.6%	$1.4B
Investing Activities Proceeds From Sale of Investments	$4.0B 8.6%	$3.6B	$0
Investing Activities net Cash From Investing Activities	$-587.4M 37.5%	$-940.1M 50.3%	$-1.9B
Financing Activities Proceeds From Debt	$0	—	—
Financing Activities Repayment of Debt	$0	—	—
Financing Activities Proceeds From Stock Issuance	$42.8M	—	—
Financing Activities Tax Withholding On Stock Based Compensation	$5.3M -19.5%	$6.6M 39.3%	$4.7M
Financing Activities net Cash From Financing Activities	$52.1M 170.4%	$19.3M -71.1%	$66.6M
Cash Reconciliation Effect of Exchange Rate On Cash	$2.0M	—	—
Cash Reconciliation net Change In Cash	$1.3B 127.5%	$556.7M 230.4%	$-426.8M
Cash Reconciliation Cash At Beginning of Period	$2.8B 83.6%	$1.5B 58.1%	$957.4M
Cash Reconciliation Cash At End of Period	$2.8B 83.6%	$1.5B 58.1%	$957.4M

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+87.0%	+85.4%	+84.1%
Operating margin	+36.5%	+37.1%	+38.4%
Net margin	+33.4%	+32.2%	+32.0%
FCF margin	+26.5%	+22.7%	+21.9%
Growth
Revenue CAGR (3y)	+9.9%	+16.3%	+94.5%
Returns
ROE	+16.9%	+18.1%	+20.7%
ROA	+15.4%	+16.2%	+18.4%
ROIC	+21.6%	—	+23.5%
Liquidity
Current ratio	8.42x	7.03x	6.62x
Quick ratio	5.19x	3.66x	3.37x
Leverage
D/E	0.10x	0.12x	0.13x
Interest coverage	6814.11x	—	1486569.00x
Efficiency
Asset turnover	0.46x	0.50x	0.57x
Cash conversion cycle	-274d	+79d	+68d

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