Copart

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

                    Revenue
                    FY2025
                
$4.6B
                    3y CAGR +9.9%
                    
                    P83
                    
                    +9.7%
                    
                    Net income
                    FY2025
                
$1.6B
                    Net margin +33.4%
                    
                    P100
                    
                    +13.9%
                    
                    Total assets
                    FY2025
                
$10.1B
                    ROA +15.4%
                    
                    P84
                    
                    +19.7%
                    
                    Operating cash flow
                    FY2025
                
$1.8B
                    FCF margin +26.5%
                    
                    P99
                    
                    +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

30 accounts · 5 years

Total assets $10.1B

Total liabilities $883.4M

Shareholders equity $9.2B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	59.8%	35.7%	24.7%	39.5%	38.9%
Accounts Receivable	16.4%	18.5%	18.1%	16.5%	17.9%
Inventory	0.9%	1.0%	1.0%	1.7%	1.7%
Prepaid Expenses	1.0%	0.8%	0.7%	0.5%	0.5%
Other Current Assets	2.5%	3.1%	3.4%	4.6%	4.3%
Total Current Assets	123.8%	104.3%	84.3%	62.9%	63.2%
Property,Plant and Equipment	77.4%	75.0%	73.5%	71.0%	85.3%
Operating Lease Assets	2.1%	2.7%	2.8%	3.3%	4.4%
Goodwill	11.1%	12.1%	10.2%	11.5%	13.2%
Intangible Assets	1.4%	1.7%	1.6%	1.6%	1.7%
Long Term Investments	43.2%	45.0%	36.4%	0.0%	—
Other Noncurrent Assets	1.2%	3.1%	1.7%	1.4%	1.6%
Total Assets	217.2%	198.9%	174.1%	151.6%	169.4%
Liabilities
Accounts Payable	12.7%	12.2%	11.4%	11.4%	13.7%
Accrued Liabilities	0.9%	1.4%	0.1%	0.0%	0.3%
Deferred Revenue	0.7%	0.7%	0.7%	0.6%	0.8%
Operating Lease Liabilities	0.4%	0.5%	0.6%	0.6%	0.8%
Total Current Liabilities	14.7%	14.8%	12.7%	12.6%	15.6%
Operating Lease Liabilities Noncurrent	1.8%	2.3%	2.3%	2.7%	3.6%
Deferred Tax Liabilities	1.7%	2.2%	2.3%	—	2.4%
Other Noncurrent Liabilities	0.8%	1.4%	1.8%	1.8%	1.9%
Total Liabilities	19.0%	20.8%	19.4%	19.5%	38.4%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	26.1%	26.5%	24.3%	23.9%	28.3%
Retained Earnings	174.2%	154.5%	134.1%	113.0%	106.5%
Accumulated Other Comprehensive Income	-2.6%	-3.4%	-3.6%	-4.8%	-3.7%
Total Stockholders Equity	197.7%	177.6%	154.7%	132.1%	131.1%
Temporary Equity and Other	0.4%	0.6%	0.0%	—	—
Total Liabilitiesand Equity	217.2%	198.9%	174.1%	151.6%	169.4%

Income Statement

Revenue, expense, and profitability

13 accounts · 5 years

Revenue $4.6B

Operating income $1.7B

Net income $1.6B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Selling,General and Administrative	8.7%	7.9%	6.5%	6.6%	7.7%
Expenses Other Operating Expenses	54.8%	55.0%	55.1%	54.1%	50.1%
Other Income Expense Operating Income	36.5%	37.1%	38.4%	39.3%	42.2%
Other Income Expense Other Income/expense	4.3%	3.4%	1.8%	-1.0%	-0.5%
Other Income Expense Income Before Tax	40.8%	40.5%	40.2%	38.3%	41.7%
Income Tax Income Tax Expense	7.5%	8.3%	8.2%	7.2%	6.9%
net Income Other Items Below Tax	0.1%	0.0%	0.0%	0.0%	—
net Income net Income	33.4%	32.2%	32.0%	31.1%	34.8%
net Income Comprehensive Income	33.9%	32.1%	32.7%	29.2%	35.5%
Earnings Per Share Basic Eps	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%
Earnings Per Share Weighted Average Shares Diluted	21.0%	23.0%	25.0%	27.6%	35.7%

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 5 years

Operating cash flow $1.8B

Investing cash flow $-587.4M

Financing cash flow $52.1M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	33.3%	32.2%	32.0%	31.1%	34.8%
Operating Activities Depreciation and Amortization	4.7%	4.5%	4.1%	4.0%	4.6%
Operating Activities Stock Based Compensation	0.8%	0.8%	1.0%	1.1%	1.5%
Operating Activities Deferred Income Taxes	-0.3%	-0.0%	0.3%	0.5%	-0.3%
Operating Activities Changes In Operating Assets and Liabilities	0.5%	-2.7%	-2.3%	-3.6%	-3.6%
Operating Activities Other Non Cash Items	-0.3%	-0.0%	0.1%	0.5%	-0.2%
Operating Activities net Cash From Operating Activities	38.7%	34.8%	35.3%	33.6%	36.8%
Investing Activities Capital Expenditures	-12.2%	-12.1%	-13.4%	-9.6%	-17.2%
Investing Activities Business Acquisitions	-0.0%	—	—	-3.0%	-0.2%
Investing Activities Purchases of Investments	-86.1%	-96.5%	-36.4%	-10.7%	0.0%
Investing Activities Proceeds From Sale of Investments	85.2%	86.0%	0.0%	10.7%	0.0%
Investing Activities Other Investing Activities	0.5%	0.3%	0.8%	0.0%	0.1%
Investing Activities net Cash From Investing Activities	-12.6%	-22.2%	-48.9%	-12.6%	-17.3%
Financing Activities Proceeds From Debt	0.0%	0.0%	1.1%	0.0%	0.0%
Financing Activities Repayment of Debt	-0.0%	-0.3%	-0.9%	-11.9%	-0.0%
Financing Activities Proceeds From Stock Issuance	1.2%	0.9%	1.6%	1.1%	1.8%
Financing Activities Tax Withholding On Stock Based Compensation	-0.1%	-0.2%	-0.1%	-0.1%	-0.2%
Financing Activities net Cash From Financing Activities	1.1%	0.5%	1.7%	-10.9%	1.5%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%	0.1%	0.9%	-0.4%	0.2%
Cash Reconciliation net Change In Cash	27.3%	13.1%	-11.0%	9.6%	21.2%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	—	—	—	—	—
Operating margin	+36.5%	+37.1%	+38.4%	+39.3%	+42.2%
Net margin	+33.4%	+32.2%	+32.0%	+31.1%	+34.8%
FCF margin	+26.5%	+22.7%	+21.9%	+24.0%	+19.6%
Growth
Revenue CAGR (3y)	+9.9%	+16.3%	+20.6%	+19.7%	+14.2%
Returns
ROE	+16.9%	+18.1%	+20.7%	+23.6%	+26.5%
ROA	+15.4%	+16.2%	+18.4%	+20.5%	+20.5%
ROIC	—	—	+23.5%	+34.5%	+33.0%
Liquidity
Current ratio	8.42x	7.03x	6.62x	5.00x	4.04x
Quick ratio	5.19x	3.66x	3.37x	4.45x	3.63x
Leverage
D/E	0.10x	0.12x	0.13x	0.15x	0.29x
Interest coverage	—	—	—	—	—
Efficiency
Asset turnover	0.46x	0.50x	0.57x	0.66x	0.59x
Cash conversion cycle	—	—	—	—	—

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