Copart, Inc. (CPRT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 27	$0.38	$0.35	-7.9%	—	—	—
Q1 27	$0.41	$0.43	+4.9%	—	—	—
Q4 26	$0.39	$0.36	-7.7%	—	—	—
Q3 26	$0.39	$0.41	+5.1%	—	—	—
Q2 26	$0.36	$0.41	+13.9%	—	—	—
Q1 26	$0.42	$0.42	0.0%	—	—	—
Q4 25	$0.37	$0.4	+8.1%	—	—	—
Q3 25	$0.37	$0.37	0.0%	—	—	—
Q2 25	$0.37	$0.33	-10.8%	—	—	—
Q1 25	$0.39	$0.39	0.0%	—	—	—
Q4 24	$0.34	$0.33	-2.9%	—	—	—
Q3 24	$0.33	$0.34	+3.0%	—	—	—
Q2 24	$0.32	$0.34	+6.3%	—	—	—
Q1 24	$0.64	$0.72	+12.5%	—	—	—
Q4 23	$0.58	$0.61	+5.2%	—	—	—
Q3 23	$0.56	$0.51	-8.9%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.61	—	—	$4.6B	—
FY24	—	$1.42	—	—	$4.2B	—
FY23	—	$1.3	—	—	$3.9B	—
FY22	—	$1.15	—	—	$3.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.3B	$1.4B	$1.8B	$2B	$2.2B	$2.7B	$3.5B	$3.9B	$4.2B	$4.6B
YoY change	+10.7%	+14.2%	+24.7%	+13.1%	+8.01%	+22.1%	+30%	+10.5%	+9.49%	+9.68%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.3B	1.4B	1.8B	2B	2.2B	2.7B	3.5B	3.9B	4.2B	4.6B
Cost of revenue	723.9M	816M	1B	1.1B	1.2B	1.3B	1.9B	2.1B	2.3B	2.5B
Gross profit	544.6M	632M	762.4M	898.3M	1B	1.3B	1.6B	1.7B	1.9B	2.1B
Gross margin	42.9%	43.6%	42.2%	44%	45.7%	49.9%	45.9%	44.9%	45%	45.2%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	138.1M	151.4M	176.9M	181.9M	191.7M	206.7M	231.2M	250.4M	335.2M	402.9M
Operating expenses	138.1M	151.4M	176.9M	181.9M	191.7M	206.7M	231.2M	250.4M	335.2M	402.9M
Operating income	406.5M	480.7M	585.5M	716.5M	816.1M	1.1B	1.4B	1.5B	1.6B	1.7B
Operating margin	32%	33.2%	32.4%	35.1%	37%	42.2%	39.3%	38.4%	37.1%	36.5%
Non-operating income, net	11.6M	-18.2M	-3.9M	6.1M	3.6M	5.7M	-17.4M	1.8M	-3.1M	20M
Pretax income	395.9M	440.1M	562.5M	705M	800.8M	1.1B	1.3B	1.6B	1.7B	1.9B
Income tax	125.5M	45.8M	144.5M	113.3M	100.9M	185.4M	250.8M	316.6M	352.3M	347.2M
Net income	270.4M	394.3M	418M	591.7M	699.9M	936.5M	1.1B	1.2B	1.4B	1.5B
Net margin	21.3%	27.2%	23.1%	29%	31.7%	34.8%	31.1%	32%	32.2%	33.3%
EBITDA	469.1M	540.7M	663M	807.9M	924M	1.3B	1.5B	1.6B	1.8B	1.9B
EPS	0.29	0.43	0.45	0.64	0.75	0.99	1.15	1.3	1.42	1.61
Diluted EPS	0.28	0.41	0.43	0.61	0.73	0.97	1.13	1.28	1.4	1.59

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	997.6M	1B	1B	1.1B	1.1B	1.1B	1.2B	1.2B	1.1B	1.2B	1.1B	1.2B
Cost of revenue	540M	556.4M	556M	601.8M	615.4M	634.7M	637.8M	659.4M	615.4M	618M	628.9M	664.5M
Gross profit	457.6M	464M	464.2M	525.5M	453.6M	512.1M	525.6M	552.3M	509.7M	537M	492.8M	572.6M
Gross margin	45.9%	45.5%	45.5%	46.6%	42.4%	44.7%	45.2%	45.6%	45.3%	46.5%	43.9%	46.3%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	67M	68.6M	84.3M	88.3M	94M	105.7M	99.3M	100.7M	97.1M	106.3M	104.1M	108.3M
Operating expenses	67M	68.6M	84.3M	88.3M	94M	105.7M	99.3M	100.7M	97.1M	106.3M	104.1M	108.3M
Operating income	390.6M	395.4M	379.9M	437.2M	359.5M	406.4M	426.2M	451.5M	412.6M	430.7M	388.7M	464.3M
Operating margin	39.2%	38.7%	37.2%	38.8%	33.6%	35.4%	36.6%	37.3%	36.7%	37.3%	34.7%	37.5%
Non-operating income, net	3.9M	-4.1M	-3.1M	-1.3M	5.4M	-596K	-3.9M	8.5M	16M	2.9M	2.4M	-1M
Pretax income	423.7M	423.3M	410.8M	472.1M	408.4M	451.3M	463.1M	502.8M	478.4M	487.1M	441M	502.1M
Income tax	75.9M	90.8M	85.2M	90M	86.2M	90.1M	76.5M	97.5M	83.1M	84.9M	91.1M	100.7M
Net income	347.8M	332.5M	325.5M	382.1M	322.2M	361.2M	386.5M	405.3M	395.3M	402.2M	350M	401.4M
Net margin	34.9%	32.6%	31.9%	33.9%	30.1%	31.5%	33.2%	33.5%	35.1%	34.8%	31.2%	32.4%
EBITDA	435M	438.7M	425M	487.9M	410.6M	461.2M	480.5M	506.1M	466.7M	484.9M	444.2M	523.4M
EPS	0.36	0.35	0.34	0.4	0.34	0.38	0.4	0.42	0.41	0.42	0.36	0.43
Diluted EPS	0.36	0.34	0.33	0.39	0.33	0.37	0.4	0.42	0.41	0.41	0.36	0.43

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	5.8B	7.2B	13.3B	17.9B	21.7B	34.7B	30.4B	42.1B	50.3B	43.8B	28.5B
Enterprise value	6.3B	7.6B	13.4B	18.1B	21.8B	34.2B	29.1B	39.9B	47B	39.1B	25.6B
Shares outstanding	915.4M	914.7M	927.2M	922M	932.8M	945M	949.7M	953.6M	960.7M	965.3M	965.3M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	21.3	18.3	31.8	30.2	31.1	37.1	27.9	34	36.9	28.3	19.1
P/S	4.55	4.97	7.37	8.75	9.86	12.9	8.69	10.9	11.9	9.42	6.14
P/B	7.45	6.55	8.41	10	8.74	9.84	6.58	7.04	6.66	4.75	3.24
EV/EBITDA	13.3	14.1	20.3	22.4	23.6	27.2	19	24.2	26.7	20.4	13
EV/Sales	4.93	5.27	7.44	8.86	9.88	12.7	8.33	10.3	11.1	8.41	5.51
Earnings yield	4.68%	5.47%	3.14%	3.31%	3.22%	2.7%	3.58%	2.94%	2.71%	3.54%	5.24%
FCF yield	2.75%	4.44%	1.86%	1.53%	1.5%	1.52%	2.76%	2.01%	1.91%	2.81%	3.51%
PEG	—	—	—	—	—	—	—	—	—	—	8.02

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	42.9%	43.6%	42.2%	44%	45.7%	49.9%	45.9%	44.9%	45%	45.2%	46.3%
Operating margin	32%	33.2%	32.4%	35.1%	37%	42.2%	39.3%	38.4%	37.1%	36.5%	37.5%
Net margin	21.3%	27.2%	23.1%	29%	31.7%	34.8%	31.1%	32%	32.2%	33.3%	33.5%
ROE	34.9%	35.9%	26.4%	33.3%	28.1%	26.5%	23.6%	20.7%	18%	16.8%	17.6%
ROA	16.4%	19.9%	18.1%	23.2%	20.3%	20.5%	20.5%	18.4%	16.2%	15.3%	11.3%
ROIC	22%	28.3%	25.5%	30.2%	28.2%	31.6%	33.3%	31.6%	29.4%	30.6%	29.4%
Return on tangible assets	24.4%	34.3%	27.8%	33.4%	26.2%	24.9%	24.8%	21.3%	18.8%	17.3%	18.2%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.79	1.94	2.56	2.44	2.71	4.04	5	6.62	7.03	8.42	7.61
Quick ratio	1.75	1.91	2.5	2.36	2.65	3.94	4.86	6.54	6.96	8.36	7.54
Debt / equity	0.83	0.58	0.25	0.23	0.21	0.15	0.03	0.02	0.02	0.01	0.01
Debt / assets	0.39	0.32	0.17	0.16	0.15	0.11	0.02	0.02	0.01	0.01	0.01
Net debt / EBITDA	1.03	0.78	0.19	0.27	0.04	-0.42	-0.83	-1.36	-1.87	-2.45	-2.14
Interest coverage	17.8	19.5	28.6	41.1	43.4	56.1	82.4	—	—	—	—
Effective tax rate	31.7%	10.4%	25.7%	16.1%	12.6%	16.5%	18.7%	20.4%	20.5%	18.3%	18.9%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	1.39	1.58	1.95	2.21	2.36	2.85	3.69	4.06	4.41	4.81	4.83
EPS (basic)	0.29	0.43	0.45	0.64	0.75	0.99	1.15	1.3	1.42	1.61	1.61
EPS (diluted)	0.28	0.41	0.43	0.61	0.73	0.97	1.13	1.28	1.4	1.59	1.61
Book value per share	0.85	1.2	1.71	1.93	2.67	3.73	4.87	6.28	7.86	9.54	9.48
FCF per share	0.17	0.35	0.27	0.3	0.35	0.56	0.88	0.89	1	1.27	1.42
Cash per share	0.17	0.23	0.3	0.2	0.51	1.11	1.46	2.48	3.56	4.96	4.54
Capex per share	0.19	0.19	0.3	0.39	0.63	0.49	0.35	0.51	0.53	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	13.7%	11.8%	15.6%	17.4%	26.7%	17.1%	9.52%	12.5%	12%	—	—
Capex / operating cash flow	52.8%	36.5%	52.8%	54.6%	65%	47%	28.6%	34.6%	33.8%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Yield

—

trailing twelve months

Frequency

Weekly

Last dividend

$0.00

ex-dividend Jun 11, 2014

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 11, 2014	$0.00
Jun 5, 2014	$0.00
May 20, 2014	$0.00
May 16, 2014	$0.00
Apr 2, 2014	$0.00

Split history

Date	Ratio
Aug 22, 2023	2:1
Nov 4, 2022	2:1
Apr 11, 2017	2:1
Apr 10, 2017	2:1
Mar 29, 2012	2:1
Jan 22, 2002	3:2

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$997.6M	$1B	$1B	$1.1B	$1.1B	$1.1B	$1.2B	$1.2B	$1.1B	$1.2B	$1.1B	$1.2B
YoY change	+12.9%	+14.2%	+6.63%	+10.3%	+7.16%	+12.4%	+14%	+7.49%	+5.25%	+0.72%	-3.58%	+2.09%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	155.8M	210.1M	274.5M	186.3M	477.7M	1B	1.4B	2.4B	3.4B	4.8B
Receivables	86.5M	110.2M	125.3M	89.3M	94.3M	97.2M	137.2M	157.1M	173.7M	201M
Inventory	10.4M	10.2M	16.7M	20.9M	20.1M	45M	58.8M	40M	43.6M	39.7M
Total current assets	499.3M	587.3M	709.1M	687.2M	963.8M	1.7B	2.2B	3.3B	4.4B	5.8B
Property, plant & equipment	327.2M	388.5M	552.5M	741.1M	1.1B	1.3B	1.4B	1.6B	1.8B	2B
Goodwill & intangibles	543.9M	832.4M	804.3M	777M	782.8M	803.2M	913.3M	914M	1.2B	1.2B
Total assets	1.6B	2B	2.3B	2.5B	3.5B	4.6B	5.3B	6.7B	8.4B	10.1B
Accounts payable	77M	71.2M	133.7M	113.9M	132.9M	163.2M	187.2M	180M	193.3M	214.4M
Short-term debt	76.2M	82.2M	1.2M	1.1M	25.6M	22.5M	21.8M	21.5M	21.3M	19.9M
Total current liabilities	278.8M	302.2M	277.3M	282M	356M	421M	440.9M	492.8M	628.6M	683.3M
Long-term debt	564.3M	550.9M	398.7M	400.1M	493.1M	495.6M	97.7M	99M	97.4M	83.9M
Total liabilities	875.4M	883.9M	726.6M	769.2M	965.7M	1B	683.3M	750.4M	879.2M	883.4M
Shareholders' equity	774.5M	1.1B	1.6B	1.8B	2.5B	3.5B	4.6B	6B	7.5B	9.2B
Total debt	640.5M	633M	399.9M	401.2M	518.6M	518.1M	119.5M	120.5M	118.7M	103.7M
Net debt	484.6M	422.9M	125.4M	214.9M	40.9M	-530.2M	-1.3B	-836.9M	-1.4B	-2.7B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	2.4B	2.6B	2.7B	3.1B	3.4B	3.7B	3.8B	4.4B	4.8B	5.2B	5.1B	4.2B
Receivables	157.1M	171.5M	176.5M	193.3M	173.7M	204.5M	206M	188.1M	201M	759.7M	861.6M	794.5M
Inventory	40M	42.6M	42.8M	46.8M	43.6M	52.4M	59.1M	44.5M	39.7M	40.4M	41.9M	49.6M
Total current assets	3.3B	3.6B	3.7B	4.1B	4.4B	4.7B	5B	5.4B	5.8B	6.2B	6.2B	5.2B
Property, plant & equipment	1.6B	1.7B	1.7B	1.7B	1.8B	1.9B	2B	2B	2B	3.7B	3.8B	3.8B
Goodwill & intangibles	914M	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B
Total assets	6.7B	7.3B	7.6B	8B	8.4B	8.9B	9.2B	9.7B	10.1B	10.6B	10.6B	9.6B
Accounts payable	180M	495.2M	473.9M	506.8M	193.3M	582.2M	562.2M	576.9M	214.4M	607.4M	549.2M	598.3M
Short-term debt	21.5M	21.9M	21.2M	20.5M	21.3M	21.4M	22.7M	19.8M	19.9M	17.9M	16.7M	15.8M
Total current liabilities	492.8M	624.4M	526M	563.4M	628.6M	714.9M	629.6M	657.1M	683.3M	781.2M	613.9M	685.3M
Long-term debt	99M	110.9M	94.3M	91.6M	97.4M	95.4M	96.7M	81.3M	83.9M	82.1M	79.4M	77.3M
Total liabilities	750.4M	897.1M	785.8M	814.4M	879.2M	949.5M	863.3M	869.5M	883.4M	961.9M	787.7M	857.6M
Shareholders' equity	6B	6.4B	6.8B	7.2B	7.5B	7.9B	8.3B	8.8B	9.2B	9.6B	9.8B	8.8B
Total debt	120.5M	132.9M	115.6M	112M	118.7M	116.9M	119.4M	101.1M	103.7M	99.9M	96.1M	93.1M
Net debt	-836.9M	-2.4B	-1.1B	-978M	-1.4B	-3.6B	-3.2B	-2.3B	-2.7B	-5.1B	-5B	-3.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	270.4M	394.3M	418M	591.7M	699.9M	936.5M	1.1B	1.2B	1.4B	1.5B
Depreciation & amortization	49.6M	57.4M	79M	85.3M	104.3M	123.1M	138.6M	159.7M	190.3M	217.8M
Stock-based compensation	20.9M	20.8M	23.2M	23.4M	23.3M	40.9M	39M	39.7M	35.2M	38M
Change in working capital	-18.2M	-22.2M	-4.3M	-72.3M	55.9M	-111.9M	-120.4M	-50.2M	-89.6M	59.1M
Operating cash flow	328.4M	470.2M	532.6M	651.3M	906.5M	980.7M	1.2B	1.4B	1.5B	1.8B
Capital expenditure	-173.3M	-171.4M	-281.5M	-355.5M	-589.5M	-460.5M	-333.1M	-482.7M	-506.8M	—
Investing cash flow	-172.8M	-335.7M	-288.5M	-356.3M	-601.2M	-465.5M	-442.3M	-1.9B	-940.1M	-50.3M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-442.9M	0	0	-365M	0	0	—	—	—	—
Financing cash flow	-465.1M	-142.4M	-232.3M	-411.9M	-107.3M	-7.3M	-420.4M	-28.1M	-28.2M	-5.3M
Net change in cash	-309.4M	-7.9M	11.8M	-116.8M	197.9M	507.9M	301.6M	-523.3M	529.1M	1.7B
Free cash flow	158.6M	319.9M	247.2M	272.8M	325.9M	527.9M	839.2M	847.6M	961.6M	1.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	347.8M	332.5M	325.5M	382.1M	322.2M	361.2M	386.5M	405.3M	395.3M	402.2M	350M	401.4M
Depreciation & amortization	44.4M	43.4M	45.1M	50.7M	51.1M	54.9M	54.3M	54.5M	54.1M	54.2M	55.5M	59.1M
Stock-based compensation	9.3M	8.3M	9.4M	9M	8.5M	10.4M	9.3M	9.2M	9.1M	9.3M	10.2M	9.5M
Change in working capital	-28.5M	-39.4M	-150.6M	55.8M	44.6M	-14.8M	-149M	235.6M	-12.7M	-6M	-171.2M	107.3M
Operating cash flow	386.1M	343.8M	228.3M	496.6M	428.6M	413.4M	299.4M	704.6M	438.5M	535.3M	127.5M	584.2M
Capital expenditure	-156.7M	-161.3M	-121.9M	-86.4M	-137.2M	-236.5M	-116.2M	-124.1M	—	—	—	—
Investing cash flow	-1.6B	1.2B	-71.9M	-668.8M	-23.6M	1.7B	-116.2M	-1.7B	31.9M	2B	10.2M	-845.6M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	-1.4B
Financing cash flow	-46.5M	-716K	-12.3M	-2.4M	-2M	-720K	-1.8M	-878K	-1.9M	-1.3M	-2.4M	-1.4B
Net change in cash	-1.2B	1.6B	144.2M	-174.7M	403.1M	2.1B	181.5M	-982.8M	468.5M	2.6B	135.3M	-1.7B
Free cash flow	188.5M	213M	38.8M	408.5M	301.3M	245.5M	61.5M	572.9M	350.8M	427.2M	57.9M	503.3M

Copart, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement