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 revenue.

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	59.8%	35.7%	24.7%
Accounts Receivable	16.4%	18.5%	18.1%
Inventory	0.9%	1.0%	1.0%
Prepaid Expenses	1.0%	0.8%	0.7%
Other Current Assets	1.2%	—	—
Total Current Assets	123.8%	104.3%	84.3%
Property,Plant and Equipment	77.4%	75.0%	73.5%
Operating Lease Assets	2.1%	2.7%	2.8%
Goodwill	11.1%	12.1%	10.2%
Intangible Assets	1.4%	1.7%	1.6%
Other Noncurrent Assets	1.2%	3.1%	1.7%
Total Assets	217.2%	198.9%	174.1%
Liabilities
Accounts Payable	12.7%	0.6%	0.9%
Accrued Liabilities	12.7%	2.0%	1.7%
Deferred Revenue	0.7%	—	—
Total Current Liabilities	14.7%	14.8%	12.7%
Long Term Debt	0.0%	—	0.3%
Deferred Tax Liabilities	1.7%	—	—
Total Liabilities	19.0%	20.8%	19.4%
Equity
Preferred Stock	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	26.1%	26.5%	24.3%
Retained Earnings	174.2%	154.5%	134.1%
Accumulated Other Comprehensive Income	-2.6%	-3.4%	-3.6%
Noncontrolling Interest	0.4%	0.6%	0.0%
Total Stockholders Equity	197.7%	177.6%	154.7%
Total Liabilitiesand Equity	217.2%	198.3%	174.1%

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	100.0%	100.0%	100.0%
Expenses Cost of Revenue	13.0%	14.6%	15.9%
Expenses Selling,General and Administrative	8.7%	7.9%	6.5%
Expenses Depreciation and Amortization	4.1%	4.0%	3.6%
Expenses Share Based Compensation	0.8%	—	—
Expenses Operating Expenses	63.5%	—	—
Other Income Expense Operating Income	36.5%	37.1%	38.4%
Other Income Expense Interest Expense	0.0%	0.0%	0.0%
Other Income Expense Other Income/expense	0.4%	-0.1%	0.0%
Other Income Expense Income Before Tax	40.8%	40.5%	40.2%
Income Tax Income Tax Expense	7.5%	8.3%	8.2%
net Income net Income	33.4%	32.2%	32.0%
net Income Comprehensive Income	33.9%	32.1%	32.7%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	20.8%	22.7%	24.6%
Earnings Per Share Weighted Average Shares Diluted	21.0%	23.0%	25.0%

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	33.4%	32.2%	32.0%
Operating Activities Depreciation and Amortization	4.1%	4.0%	3.6%
Operating Activities Stock Based Compensation	0.8%	—	—
Operating Activities Deferred Income Taxes	-0.3%	-0.0%	0.3%
Operating Activities Changes In Operating Assets and Liabilities	0.5%	8.3%	5.0%
Operating Activities net Cash From Operating Activities	38.7%	34.8%	35.3%
Investing Activities Capital Expenditures	12.2%	12.1%	13.4%
Investing Activities Business Acquisitions	0.0%	—	—
Investing Activities Purchases of Investments	86.1%	96.5%	36.4%
Investing Activities Proceeds From Sale of Investments	85.2%	86.0%	0.0%
Investing Activities net Cash From Investing Activities	-12.6%	-22.2%	-48.9%
Financing Activities Proceeds From Debt	0.0%	—	—
Financing Activities Repayment of Debt	0.0%	—	—
Financing Activities Proceeds From Stock Issuance	0.9%	—	—
Financing Activities Tax Withholding On Stock Based Compensation	0.1%	0.2%	0.1%
Financing Activities net Cash From Financing Activities	1.1%	0.5%	1.7%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%	—	—
Cash Reconciliation net Change In Cash	27.3%	13.1%	-11.0%
Cash Reconciliation Cash At Beginning of Period	59.8%	35.7%	24.7%
Cash Reconciliation Cash At End of Period	59.8%	35.7%	24.7%

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

Valuation

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FY2025 fundamentals · no price

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