Copart (CPRT) Financials

$48.96 +1.28 (+2.68%)

Closing price 04:00 PM Eastern

Extended Trading

$48.59 -0.37 (-0.76%)

As of 05:15 PM Eastern

Annual Income Statements for Copart

This table shows Copart's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	7/31/2014	7/31/2015	7/31/2016	7/31/2017	7/31/2018	7/31/2019	7/31/2020	7/31/2021	7/31/2022	7/31/2023	7/31/2024
Net Income / (Loss) Attributable to Common Shareholders	179	220	270	394	418	592	700	936	1,090	1,238	1,363
Consolidated Net Income / (Loss)	179	220	270	394	418	592	700	936	1,090	1,238	1,362
Net Income / (Loss) Continuing Operations	179	220	270	394	418	592	700	936	1,090	1,238	1,362
Total Pre-Tax Income	270	332	396	440	563	705	801	1,122	1,341	1,554	1,715
Total Operating Income	275	344	406	461	584	716	816	1,136	1,375	1,487	1,572
Total Gross Profit	469	483	545	632	762	898	1,233	1,343	2,191	2,351	2,527
Total Revenue	1,163	1,146	1,268	1,448	1,806	2,042	2,206	2,693	3,501	3,870	4,237
Operating Revenue	1,163	1,146	1,268	1,448	1,806	2,042	2,206	2,693	3,501	3,870	4,237
Total Cost of Revenue	695	663	724	816	1,043	1,144	972	1,349	1,309	1,518	1,710
Operating Cost of Revenue	695	663	724	816	1,043	1,144	972	1,349	1,309	1,518	1,710
Total Operating Expenses	194	139	138	171	178	182	417	207	816	865	955
Selling, General & Admin Expense	165	139	138	151	177	182	192	207	231	250	335
Other Operating Expenses / (Income)	-	-	-	-	-	-	225	-	585	614	619
Total Other Income / (Expense), net	-4.90	-12	-11	-21	-22	-12	-15	-15	-34	68	143
Interest Expense	8.77	18	24	24	20	18	19	20	17	0.00	0.00
Interest & Investment Income	0.49	0.82	1.45	1.41	1.29	-	-	-	-17	66	146
Other Income / (Expense), net	3.38	4.97	12	1.17	-2.76	6.06	3.61	5.67	-0.60	1.83	-3.10
Income Tax Expense	91	112	126	46	145	113	101	185	251	317	352
Net Income / (Loss) Attributable to Noncontrolling Interest	-	0.00	0.00	0.03	0.14	-	-	-	0.00	0.00	-0.67
Basic Earnings per Share	$1.42	$0.87	$1.18	$1.72	$1.80	$2.57	$3.00	$0.99	$1.15	$1.30	$1.42
Weighted Average Basic Shares Outstanding	125.69M	251.83M	228.85M	228.69M	231.79M	230.49M	233.20M	945.01M	949.68M	953.57M	960.74M
Diluted Earnings per Share	$1.36	$0.84	$1.11	$1.66	$1.73	$2.46	$2.93	$0.97	$1.13	$1.28	$1.40
Weighted Average Diluted Shares Outstanding	131.23M	262.85M	244.30M	237.02M	241.88M	240.45M	238.66M	961.16M	964.60M	966.65M	974.80M
Weighted Average Basic & Diluted Shares Outstanding	125.80M	125.60M	229.10M	229.20M	232.10M	240.45M	471.94M	240.29M	238.06M	957.36M	963.29M

This table shows Copart's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	10/31/2022	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025
Net Income / (Loss) Attributable to Common Shareholders	246	294	350	348	333	326	382	323	362	387	407
Consolidated Net Income / (Loss)	246	294	350	348	333	326	382	322	361	387	405
Net Income / (Loss) Continuing Operations	246	294	350	348	333	326	382	322	361	387	405
Total Pre-Tax Income	313	377	440	424	423	411	472	408	451	463	503
Total Operating Income	312	366	419	391	395	380	437	360	406	426	452
Total Gross Profit	369	427	483	1,072	873	873	964	1,073	1,009	1,016	1,042
Total Revenue	893	957	1,022	998	1,020	1,020	1,127	1,069	1,147	1,163	1,212
Operating Revenue	893	957	1,022	998	1,020	1,020	1,127	1,069	1,147	1,163	1,212
Total Cost of Revenue	524	530	538	-74	148	147	163	-4.06	138	148	170
Operating Cost of Revenue	524	530	538	-74	148	147	163	-4.06	138	148	170
Total Operating Expenses	58	61	65	681	477	493	527	714	602	589	590
Selling, General & Admin Expense	58	61	65	67	69	84	88	94	106	99	101
Other Operating Expenses / (Income)	-	-	-	-	409	409	439	-	497	490	490
Total Other Income / (Expense), net	1.60	12	22	33	28	31	35	49	45	37	51
Interest & Investment Income	-	-	-	-	32	34	36	-	46	41	43
Other Income / (Expense), net	-2.82	-2.90	3.63	3.93	-4.07	-3.10	-1.31	5.39	-0.60	-3.91	8.48
Income Tax Expense	67	83	90	76	91	85	90	86	90	77	97
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	0.00	-	0.01	-0.11	-0.18	-0.39	-0.91	-0.86	-1.27
Basic Earnings per Share	$0.26	$0.31	$0.37	$0.36	$0.35	$0.34	$0.40	$0.34	$0.38	$0.40	$0.42
Weighted Average Basic Shares Outstanding	952.20M	952.75M	953.57M	953.57M	958.13M	960.53M	961.81M	960.74M	963.18M	964.75M	966.23M
Diluted Earnings per Share	$0.25	$0.30	$0.36	$0.36	$0.34	$0.33	$0.39	$0.34	$0.37	$0.40	$0.42
Weighted Average Diluted Shares Outstanding	964.34M	965.07M	967.38M	966.65M	971.68M	974.59M	976.45M	974.80M	976.51M	977.91M	978.09M
Weighted Average Basic & Diluted Shares Outstanding	476.30M	476.59M	477.44M	957.36M	960.23M	961.46M	962.30M	963.29M	963.53M	966.09M	966.94M

This table details how cash moves in and out of Copart's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	7/31/2014	7/31/2015	7/31/2016	7/31/2017	7/31/2018	7/31/2019	7/31/2020	7/31/2021	7/31/2022	7/31/2023	7/31/2024
Net Change in Cash & Equivalents	95	297	-300	54	64	-88	291	571	336	-427	557
Net Cash From Operating Activities	263	265	332	492	535	647	918	991	1,177	1,364	1,473
Net Cash From Continuing Operating Activities	263	265	332	492	535	647	918	991	1,177	1,364	1,473
Net Income / (Loss) Continuing Operations	179	220	270	394	418	592	700	936	1,090	1,238	1,362
Consolidated Net Income / (Loss)	179	220	270	394	418	592	700	936	1,090	1,238	1,362
Depreciation Expense	54	49	50	57	79	85	104	123	139	160	190
Non-Cash Adjustments To Reconcile Net Income	49	14	23	41	30	21	24	35	56	45	35
Changes in Operating Assets and Liabilities, net	-18	-17	-10	-0.89	8.51	-51	89	-104	-108	-78	-115
Net Cash From Investing Activities	-92	-82	-173	-336	-288	-356	-601	-465	-442	-1,892	-940
Net Cash From Continuing Investing Activities	-92	-82	-173	-336	-288	-356	-601	-465	-442	-1,892	-940
Purchase of Property, Plant & Equipment	-82	-79	-174	-172	-288	-374	-592	-463	-337	-517	-511
Acquisitions	-14	-4.50	0.00	-164	-8.79	-0.75	-12	-5.00	-107	0.00	18
Purchase of Investments	0.00	0.00	-21	-	-	-	0.00	0.00	-377	-1,409	-4,096
Sale of Property, Plant & Equipment	3.71	1.74	0.66	0.77	6.43	18	2.47	2.53	4.33	34	4.17
Sale and/or Maturity of Investments	0.00	0.00	21	-	-	-	0.00	0.00	375	0.00	3,645
Net Cash From Financing Activities	-77	120	-448	-107	-182	-370	-27	41	-383	67	19
Net Cash From Continuing Financing Activities	-77	120	-448	-107	-182	-370	-27	41	-383	67	19
Repayment of Debt	-75	-351	-101	-7.00	-231	0.00	-2.81	0.00	-418	-34	-11
Issuance of Debt	0.00	699	93	-	-	-	-	0.00	0.00	44	0.00
Issuance of Common Equity	2.34	3.08	3.37	4.27	5.85	7.18	8.28	9.14	9.63	11	12
Other Financing Activities, net	-3.59	2.78	-1.80	-104	43	-12	-33	32	26	45	18
Effect of Exchange Rate Changes	1.37	-6.18	-11	4.96	-0.14	-8.28	2.14	4.20	-16	34	4.96
Cash Interest Paid	8.77	18	24	23	20	19	20	20	19	2.61	3.13
Cash Income Taxes Paid	83	110	128	14	142	82	84	178	263	258	286

This table details how cash moves in and out of Copart's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	10/31/2022	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025
Net Change in Cash & Equivalents	155	122	453	-1,157	1,624	-1,325	-167	424	2,184	-359	-972
Net Cash From Operating Activities	312	188	506	359	375	162	496	439	482	178	701
Net Cash From Continuing Operating Activities	312	188	506	359	375	162	496	439	482	178	701
Net Income / (Loss) Continuing Operations	246	294	350	348	333	326	382	322	361	387	405
Consolidated Net Income / (Loss)	246	294	350	348	333	326	382	322	361	387	405
Depreciation Expense	39	39	37	44	43	45	51	51	55	54	55
Non-Cash Adjustments To Reconcile Net Income	14	12	11	8.76	3.55	11	15	5.33	11	9.18	7.35
Changes in Operating Assets and Liabilities, net	13	-156	108	-42	-4.19	-220	49	61	55	-272	234
Net Cash From Investing Activities	-152	-90	-86	-1,563	1,235	-1,483	-669	-24	1,702	-575	-1,687
Net Cash From Continuing Investing Activities	-152	-90	-86	-1,563	1,235	-1,483	-669	-24	1,702	-575	-1,687
Purchase of Property, Plant & Equipment	-153	-104	-90	-170	-162	-123	-88	-138	-237	-117	-128
Purchase of Investments	0.00	-1.99	-0.75	-1,407	-1.00	-1,411	-1,067	-1,616	0.00	-459	-1,562
Sale of Property, Plant & Equipment	0.19	16	4.17	13	0.92	1.15	1.38	0.71	0.24	0.42	3.87
Net Cash From Financing Activities	0.76	15	36	16	7.41	-0.96	4.44	8.38	2.14	36	6.46
Net Cash From Continuing Financing Activities	0.76	15	36	16	7.41	-0.96	4.44	8.38	2.14	36	6.46
Other Financing Activities, net	0.76	9.21	14	21	7.41	3.90	4.44	1.94	2.14	28	6.46
Effect of Exchange Rate Changes	-4.69	8.61	-1.87	32	-	-	1.12	0.10	-	-	6.81
Cash Interest Paid	0.06	0.64	0.88	1.03	0.10	1.94	-0.09	1.18	0.01	1.36	0.60
Cash Income Taxes Paid	5.70	93	73	86	9.07	179	78	19	81	196	42

This table presents Copart's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	7/31/2014	7/31/2015	7/31/2016	7/31/2017	7/31/2018	7/31/2019	7/31/2020	7/31/2021	7/31/2022	7/31/2023	7/31/2024
Total Assets	1,507	1,799	1,650	1,983	2,308	2,548	3,455	4,562	5,309	6,738	8,428
Total Current Assets	412	735	499	587	709	687	964	1,703	2,202	3,263	4,418
Cash & Equivalents	159	456	156	210	275	-	-	-	1,384	957	1,514
Short-Term Investments	-	-	-	-	-	-	-	-	0.00	1,407	1,908
Accounts Receivable	197	216	266	312	352	367	350	481	579	702	786
Inventories, net	7.26	8.61	10	10	17	21	20	45	59	40	44
Prepaid Expenses	21	20	18	18	17	17	15	14	19	26	34
Other Current Assets	24	25	29	31	34	77	74	94	112	124	133
Plant, Property, & Equipment, net	692	700	817	944	1,163	1,428	1,942	2,297	2,486	2,844	3,176
Total Noncurrent Assets	402	364	334	451	435	433	550	563	621	631	834
Goodwill	284	272	260	340	337	333	344	356	402	394	514
Intangible Assets	25	18	12	76	65	55	48	46	55	63	74
Other Noncurrent Operating Assets	56	45	38	34	33	44	158	161	164	174	246
Total Liabilities & Shareholders' Equity	1,507	1,799	1,650	1,983	2,308	2,548	3,455	4,562	5,309	6,738	8,428
Total Liabilities	503	834	875	884	727	769	966	1,033	683	750	879
Total Current Liabilities	244	213	279	302	277	282	356	421	441	493	629
Accounts Payable	152	147	192	208	271	271	319	370	399	441	518
Current Deferred Revenue	4.17	3.72	4.63	5.02	4.49	6.47	8.23	21	20	26	28
Current Deferred & Payable Income Tax Liabilities	8.28	8.28	5.63	6.56	0.67	3.48	3.71	7.76	0.00	4.37	61
Other Current Liabilities	-	-	-	-	-	0.00	-	22	22	21	21
Total Noncurrent Liabilities	259	621	597	582	449	487	514	612	242	258	251
Noncurrent Deferred Revenue	24	21	26	25	27	35	45	52	65	69	60
Noncurrent Deferred & Payable Income Tax Liabilities	7.37	5.32	3.82	3.19	20	49	72	64	80	89	94
Other Noncurrent Operating Liabilities	4.65	3.75	2.78	3.10	3.59	3.34	-	98	96	88	97
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	-	-	-	0.00	25
Total Equity & Noncontrolling Interests	1,003	964	774	1,099	1,581	1,778	2,490	3,529	4,626	5,987	7,524
Total Preferred & Common Equity	1,003	964	774	1,098	1,581	1,778	2,490	3,529	4,626	5,987	7,524
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,003	964	774	1,098	1,581	1,778	2,490	3,529	4,626	5,987	7,524
Common Stock	405	408	392	453	527	573	673	762	839	939	1,121
Retained Earnings	619	625	491	745	1,162	1,338	1,938	2,868	3,956	5,189	6,546
Accumulated Other Comprehensive Income / (Loss)	-20	-69	-109	-101	-108	-133	-121	-101	-169	-141	-143

This table presents Copart's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	10/31/2022	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025
Total Assets	5,594	5,932	6,350	6,738	7,334	7,599	8,011	8,428	8,869	9,187	9,672
Total Current Assets	2,365	2,639	3,001	3,263	3,585	3,748	4,149	4,418	4,733	4,967	5,359
Cash & Equivalents	1,539	1,661	2,114	957	2,582	1,257	1,090	1,514	3,698	3,339	2,366
Short-Term Investments	-	-	-	1,407	49	1,411	2,000	1,908	0.00	459	2,018
Accounts Receivable	629	765	694	702	756	846	823	786	802	883	758
Inventories, net	54	52	45	40	43	43	47	44	52	59	45
Prepaid Expenses	21	27	28	26	28	36	41	34	33	36	55
Other Current Assets	117	134	120	124	128	138	125	133	148	143	118
Plant, Property, & Equipment, net	2,582	2,656	2,711	2,844	2,944	3,043	3,073	3,176	3,363	3,463	3,569
Total Noncurrent Assets	647	637	638	631	805	807	788	834	773	758	744
Goodwill	395	404	407	394	501	511	511	514	514	510	519
Intangible Assets	52	51	50	63	82	84	77	74	73	68	66
Other Noncurrent Operating Assets	200	182	182	174	223	213	200	246	186	180	159
Total Liabilities & Shareholders' Equity	5,594	5,932	6,350	6,738	7,334	7,599	8,011	8,428	8,869	9,187	9,672
Total Liabilities	741	719	757	750	897	786	814	879	950	863	870
Total Current Liabilities	504	488	507	493	624	526	563	629	715	630	657
Accounts Payable	447	439	441	441	495	474	507	518	582	562	577
Current Deferred Revenue	19	24	26	26	27	26	29	28	26	27	30
Current Deferred & Payable Income Tax Liabilities	16	3.82	19	4.37	80	4.74	7.39	61	86	18	30
Other Current Liabilities	22	21	21	21	22	21	20	21	21	23	20
Total Noncurrent Liabilities	236	231	251	258	273	260	251	251	235	234	212
Noncurrent Deferred Revenue	65	65	66	69	70	71	67	60	44	44	37
Noncurrent Deferred & Payable Income Tax Liabilities	77	76	77	89	92	94	92	94	95	93	95
Other Noncurrent Operating Liabilities	92	87	86	88	101	94	91	97	95	97	81
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	0.00	25	25	25	25	24	23	22
Total Equity & Noncontrolling Interests	4,853	5,214	5,592	5,987	6,411	6,788	7,171	7,524	7,896	8,301	8,781
Total Preferred & Common Equity	4,853	5,214	5,592	5,987	6,411	6,788	7,171	7,524	7,896	8,301	8,781
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,853	5,214	5,592	5,987	6,411	6,788	7,171	7,524	7,896	8,301	8,781
Common Stock	850	875	902	939	1,068	1,087	1,103	1,121	1,134	1,180	1,196
Retained Earnings	4,202	4,495	4,843	5,189	5,521	5,845	6,225	6,546	6,907	7,293	7,699
Accumulated Other Comprehensive Income / (Loss)	-199	-157	-152	-141	-177	-145	-157	-143	-145	-172	-113

This table displays calculated financial ratios and metrics derived from Copart's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	7/31/2014	7/31/2015	7/31/2016	7/31/2017	7/31/2018	7/31/2019	7/31/2020	7/31/2021	7/31/2022	7/31/2023	7/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.19%	-1.50%	10.68%	14.15%	24.70%	13.08%	8.01%	22.08%	30.02%	10.53%	9.49%
EBITDA Growth	-3.26%	19.95%	17.43%	11.17%	27.06%	22.29%	14.37%	36.93%	19.59%	8.93%	6.74%
EBIT Growth	-2.86%	25.53%	19.65%	10.63%	25.76%	24.24%	13.45%	39.33%	20.34%	8.29%	5.41%
NOPAT Growth	-1.13%	25.29%	21.79%	48.86%	5.08%	38.49%	18.60%	33.01%	17.83%	5.90%	5.51%
Net Income Growth	-0.74%	23.00%	23.01%	45.83%	6.02%	41.55%	18.29%	33.80%	16.41%	13.54%	10.07%
EPS Growth	-2.16%	23.00%	23.01%	49.55%	4.22%	42.20%	19.11%	33.80%	16.41%	13.54%	9.38%
Operating Cash Flow Growth	31.74%	0.95%	25.44%	47.99%	8.74%	20.85%	41.95%	7.95%	18.75%	15.94%	7.94%
Free Cash Flow Firm Growth	473.70%	115.19%	-23.01%	-12.05%	65.30%	26.18%	-44.01%	240.98%	25.40%	5.28%	-4.51%
Invested Capital Growth	7.34%	0.46%	9.21%	20.84%	12.15%	16.81%	26.95%	13.76%	12.67%	12.06%	13.54%
Revenue Q/Q Growth	2.08%	-0.45%	4.13%	3.28%	4.07%	4.79%	-0.76%	9.03%	4.00%	3.04%	1.71%
EBITDA Q/Q Growth	3.21%	2.26%	6.33%	-0.12%	6.40%	6.30%	2.35%	8.57%	1.69%	5.09%	-1.28%
EBIT Q/Q Growth	4.28%	3.22%	6.48%	-0.08%	4.46%	8.18%	1.91%	9.32%	1.39%	5.06%	-1.85%
NOPAT Q/Q Growth	6.12%	3.93%	9.31%	-2.48%	9.74%	8.43%	1.47%	10.41%	2.11%	3.57%	-2.89%
Net Income Q/Q Growth	5.76%	2.98%	10.96%	-3.37%	10.40%	7.99%	1.75%	10.69%	0.72%	7.29%	-1.84%
EPS Q/Q Growth	1.49%	2.98%	10.96%	-6.21%	6.14%	2.50%	-0.34%	10.69%	0.72%	7.29%	-2.78%
Operating Cash Flow Q/Q Growth	83.98%	2.61%	23.12%	4.25%	2.62%	5.77%	8.74%	-3.71%	7.70%	3.47%	5.79%
Free Cash Flow Firm Q/Q Growth	518.94%	0.73%	78.04%	-52.86%	103.17%	8.93%	-27.67%	60.81%	-15.03%	10.35%	11.23%
Invested Capital Q/Q Growth	2.12%	2.75%	-1.61%	9.97%	3.01%	3.69%	6.24%	0.38%	5.44%	3.82%	0.49%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	40.27%	42.18%	42.93%	43.65%	42.22%	43.99%	55.91%	49.88%	62.60%	60.77%	59.64%
EBITDA Margin	28.54%	34.75%	36.87%	35.91%	36.59%	39.56%	41.89%	46.99%	43.22%	42.59%	41.52%
Operating Margin	23.63%	30.05%	32.04%	31.86%	32.36%	35.09%	37.00%	42.21%	39.28%	38.42%	37.10%
EBIT Margin	23.92%	30.48%	32.96%	31.94%	32.21%	35.38%	37.17%	42.42%	39.26%	38.46%	37.03%
Profit (Net Income) Margin	15.36%	19.18%	21.31%	27.23%	23.15%	28.98%	31.73%	34.78%	31.14%	31.99%	32.15%
Tax Burden Percent	66.17%	66.19%	68.30%	89.58%	74.31%	83.93%	87.40%	83.48%	81.30%	79.63%	79.46%
Interest Burden Percent	97.03%	95.05%	94.70%	95.16%	96.72%	97.57%	97.70%	98.23%	97.57%	104.43%	109.28%
Effective Tax Rate	33.83%	33.81%	31.70%	10.42%	25.69%	16.07%	12.60%	16.52%	18.70%	20.37%	20.54%
Return on Invested Capital (ROIC)	16.41%	19.82%	23.02%	29.72%	26.90%	32.51%	31.53%	35.08%	36.52%	34.42%	32.19%
ROIC Less NNEP Spread (ROIC-NNEP)	14.97%	14.91%	20.87%	25.54%	20.99%	26.82%	21.11%	39.07%	39.24%	31.53%	28.27%
Return on Net Nonoperating Assets (RNNOA)	3.83%	2.52%	8.08%	12.37%	4.29%	2.72%	1.27%	-3.96%	-9.78%	-11.10%	-12.06%
Return on Equity (ROE)	20.24%	22.34%	31.10%	42.10%	31.20%	35.23%	32.80%	31.12%	26.74%	23.32%	20.13%
Cash Return on Invested Capital (CROIC)	9.34%	19.36%	14.22%	10.85%	15.45%	17.00%	7.79%	22.20%	24.60%	23.05%	19.51%
Operating Return on Assets (OROA)	19.59%	21.14%	24.24%	25.46%	27.11%	29.76%	27.31%	28.49%	27.85%	24.71%	20.69%
Return on Assets (ROA)	12.58%	13.30%	15.68%	21.71%	19.49%	24.37%	23.32%	23.36%	22.09%	20.55%	17.97%
Return on Common Equity (ROCE)	20.24%	22.34%	31.10%	42.09%	31.19%	35.23%	32.80%	31.12%	26.74%	23.32%	20.09%
Return on Equity Simple (ROE_SIMPLE)	17.81%	22.79%	34.91%	35.91%	26.44%	33.27%	28.11%	26.54%	23.57%	20.67%	18.11%
Net Operating Profit after Tax (NOPAT)	182	228	278	413	434	601	713	949	1,118	1,184	1,249
NOPAT Margin	15.64%	19.89%	21.89%	28.54%	24.05%	29.45%	32.34%	35.23%	31.93%	30.59%	29.48%
Net Nonoperating Expense Percent (NNEP)	1.44%	4.91%	2.15%	4.19%	5.92%	5.68%	10.43%	-3.99%	-2.72%	2.89%	3.92%
Cost of Revenue to Revenue	59.73%	57.82%	57.07%	56.35%	57.78%	56.01%	44.09%	50.12%	37.40%	39.23%	40.36%
SG&A Expenses to Revenue	14.14%	12.13%	10.89%	10.45%	9.80%	8.91%	8.69%	7.68%	6.60%	6.47%	7.91%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	16.64%	12.13%	10.89%	11.79%	9.86%	8.91%	18.91%	7.68%	23.32%	22.35%	22.53%
Earnings before Interest and Taxes (EBIT)	278	349	418	462	582	723	820	1,142	1,374	1,488	1,569
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	332	398	468	520	661	808	924	1,265	1,513	1,648	1,759
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.19	4.73	7.12	6.61	8.43	9.99	8.79	9.85	6.58	7.05	6.69
Price to Tangible Book Value (P/TBV)	6.06	6.76	10.98	10.64	11.31	12.78	10.43	11.12	7.30	7.63	7.26
Price to Revenue (P/Rev)	3.62	3.98	4.35	5.01	7.38	8.70	9.93	12.92	8.70	10.91	11.89
Price to Earnings (P/E)	23.55	20.74	20.41	18.40	31.90	30.02	31.28	37.14	27.93	34.10	36.95
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.25%	4.82%	4.90%	5.44%	3.13%	3.33%	3.20%	2.69%	3.58%	2.93%	2.71%
Enterprise Value to Invested Capital (EV/IC)	3.79	4.12	4.77	5.05	7.89	9.02	8.62	11.86	8.96	10.96	11.38
Enterprise Value to Revenue (EV/Rev)	3.74	4.14	4.73	5.30	7.45	8.80	9.89	12.67	8.30	10.30	11.08
Enterprise Value to EBITDA (EV/EBITDA)	13.11	11.92	12.83	14.77	20.37	22.25	23.61	26.97	19.21	24.18	26.69
Enterprise Value to EBIT (EV/EBIT)	15.64	13.59	14.36	16.60	23.14	24.88	26.61	29.88	21.15	26.77	29.93
Enterprise Value to NOPAT (EV/NOPAT)	23.92	20.83	21.62	18.58	30.99	29.90	30.58	35.97	26.00	33.66	37.60
Enterprise Value to Operating Cash Flow (EV/OCF)	16.57	17.91	18.05	15.60	25.15	27.80	23.76	34.44	24.70	29.21	31.89
Enterprise Value to Free Cash Flow (EV/FCFF)	42.05	21.32	35.00	50.90	53.98	57.15	123.85	56.83	38.60	50.26	62.03
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.30	0.67	0.83	0.58	0.25	0.23	0.16	0.11	0.00	0.00	0.00
Long-Term Debt to Equity	0.22	0.61	0.73	0.50	0.25	0.23	0.16	0.11	0.00	0.00	0.00
Financial Leverage	0.26	0.17	0.39	0.48	0.20	0.10	0.06	-0.10	-0.25	-0.35	-0.43
Leverage Ratio	1.61	1.68	1.98	1.94	1.60	1.45	1.41	1.33	1.21	1.14	1.12
Compound Leverage Factor	1.56	1.60	1.88	1.85	1.55	1.41	1.37	1.31	1.18	1.19	1.22
Debt to Total Capital	23.19%	40.06%	45.27%	36.56%	20.19%	18.41%	13.75%	10.13%	0.04%	0.18%	0.00%
Short-Term Debt to Total Capital	6.10%	3.34%	5.38%	4.74%	0.06%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	17.09%	36.72%	39.88%	31.81%	20.13%	18.36%	13.75%	10.13%	0.04%	0.18%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.33%
Common Equity to Total Capital	76.81%	59.94%	54.73%	63.41%	79.81%	81.59%	86.25%	89.87%	99.96%	99.82%	99.67%
Debt to EBITDA	0.91	1.62	1.37	1.22	0.61	0.50	0.43	0.31	0.00	0.01	0.00
Net Debt to EBITDA	0.43	0.47	1.04	0.81	0.19	0.27	-0.09	-0.51	-0.91	-1.43	0.00
Long-Term Debt to EBITDA	0.67	1.48	1.21	1.06	0.60	0.50	0.43	0.31	0.00	0.01	0.00
Debt to NOPAT	1.66	2.83	2.31	1.53	0.92	0.67	0.56	0.42	0.00	0.01	0.00
Net Debt to NOPAT	0.79	0.83	1.75	1.02	0.29	0.36	-0.11	-0.69	-1.24	-1.99	0.00
Long-Term Debt to NOPAT	1.23	2.59	2.03	1.33	0.92	0.67	0.56	0.42	0.00	0.01	0.00
Altman Z-Score	7.11	5.39	5.96	7.12	13.55	16.52	16.02	22.83	29.69	36.62	37.11
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.03%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.18%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.69	3.45	1.79	1.94	2.56	2.44	2.71	4.04	5.00	6.62	7.03
Quick Ratio	1.46	3.15	1.51	1.73	2.26	1.30	0.98	1.14	4.45	6.22	6.69
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	103	223	171	151	249	315	176	601	753	793	757
Operating Cash Flow to CapEx	337.51%	342.41%	191.91%	287.06%	190.09%	181.89%	155.70%	215.19%	353.24%	282.61%	290.55%
Free Cash Flow to Firm to Interest Expense	11.80	12.29	7.26	6.34	12.24	17.89	9.33	29.66	44.93	0.00	0.00
Operating Cash Flow to Interest Expense	29.95	14.63	14.09	20.69	26.27	36.77	48.64	48.94	70.21	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	21.08	10.36	6.75	13.48	12.45	16.56	17.40	26.20	50.34	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.82	0.69	0.74	0.80	0.84	0.84	0.73	0.67	0.71	0.64	0.56
Accounts Receivable Turnover	6.13	5.55	5.26	5.01	5.44	5.68	6.15	6.48	6.61	6.04	5.70
Inventory Turnover	77.23	83.51	76.19	79.41	77.58	60.71	47.41	41.49	25.24	30.74	40.91
Fixed Asset Turnover	1.70	1.65	1.67	1.64	1.71	1.58	1.31	1.27	1.46	1.45	1.41
Accounts Payable Turnover	4.81	4.42	4.26	4.07	4.35	4.22	3.30	3.92	3.41	3.62	3.57
Days Sales Outstanding (DSO)	59.56	65.71	69.34	72.86	67.05	64.25	59.37	56.31	55.22	60.40	64.09
Days Inventory Outstanding (DIO)	4.73	4.37	4.79	4.60	4.70	6.01	7.70	8.80	14.46	11.87	8.92
Days Payable Outstanding (DPO)	75.85	82.51	85.68	89.64	83.85	86.47	110.62	93.10	107.15	100.97	102.34
Cash Conversion Cycle (CCC)	-11.56	-12.42	-11.54	-12.18	-12.09	-16.21	-43.55	-27.98	-37.48	-28.70	-29.33
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,148	1,153	1,259	1,522	1,706	1,993	2,530	2,879	3,243	3,634	4,126
Invested Capital Turnover	1.05	1.00	1.05	1.04	1.12	1.10	0.98	1.00	1.14	1.13	1.09
Increase / (Decrease) in Invested Capital	78	5.23	106	262	185	287	537	348	365	391	492
Enterprise Value (EV)	4,352	4,747	6,002	7,677	13,456	17,978	21,812	34,126	29,064	39,848	46,959
Market Capitalization	4,207	4,559	5,517	7,253	13,330	17,763	21,893	34,777	30,446	42,201	50,357
Book Value per Share	$7.96	$7.62	$7.08	$4.77	$6.81	$7.76	$10.60	$14.92	$19.46	$12.54	$7.82
Tangible Book Value per Share	$5.51	$5.33	$4.59	$2.96	$5.08	$6.07	$8.94	$13.22	$17.54	$11.58	$7.21
Total Capital	1,306	1,609	1,415	1,732	1,981	2,180	2,886	3,927	4,628	5,998	7,549
Total Debt	303	645	640	633	400	401	397	398	2.00	11	0.00
Total Long-Term Debt	223	591	564	551	399	400	397	398	2.00	11	0.00
Net Debt	144	189	485	423	125	215	-81	-651	-1,382	-2,353	-3,422
Capital Expenditures (CapEx)	78	77	173	171	281	356	590	460	333	483	507
Debt-free, Cash-free Net Working Capital (DFCFNWC)	89	119	141	157	158	220	130	233	377	406	367
Debt-free Net Working Capital (DFNWC)	248	575	297	367	433	406	608	1,282	1,762	2,770	3,790
Net Working Capital (NWC)	168	521	221	285	432	405	608	1,282	1,762	2,770	3,790
Net Nonoperating Expense (NNE)	3.24	8.16	7.24	19	16	9.67	13	12	28	-54	-113
Net Nonoperating Obligations (NNO)	144	189	485	423	125	215	41	-651	-1,382	-2,353	-3,422
Total Depreciation and Amortization (D&A)	54	49	50	57	79	85	104	123	139	160	190
Debt-free, Cash-free Net Working Capital to Revenue	7.65%	10.39%	11.10%	10.85%	8.78%	10.77%	5.89%	8.67%	10.78%	10.49%	8.67%
Debt-free Net Working Capital to Revenue	21.29%	50.18%	23.39%	25.36%	23.98%	19.90%	27.55%	47.60%	50.32%	71.58%	89.44%
Net Working Capital to Revenue	14.44%	45.50%	17.39%	19.69%	23.92%	19.84%	27.55%	47.60%	50.32%	71.58%	89.44%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.18	$0.22	$0.30	$0.43	$0.45	$0.64	$0.75	$0.99	$1.15	$1.30	$1.42
Adjusted Weighted Average Basic Shares Outstanding	1.01B	1.01B	915.38M	914.74M	927.17M	921.96M	932.81M	945.01M	949.68M	953.57M	960.74M
Adjusted Diluted Earnings per Share	$0.17	$0.21	$0.28	$0.42	$0.43	$0.62	$0.73	$0.98	$1.13	$1.28	$1.40
Adjusted Weighted Average Diluted Shares Outstanding	1.05B	1.05B	977.18M	948.08M	967.51M	961.81M	954.62M	961.16M	964.60M	966.65M	974.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.01B	961.50M	913.29M	923.09M	935.66M	929.00M	1.89B	948.40M	952.23M	957.36M	963.29M
Normalized Net Operating Profit after Tax (NOPAT)	201	228	278	431	435	601	713	949	1,118	1,184	1,249
Normalized NOPAT Margin	17.29%	19.89%	21.89%	29.74%	24.09%	29.45%	32.34%	35.23%	31.93%	30.59%	29.48%
Pre Tax Income Margin	23.21%	28.97%	31.21%	30.39%	31.15%	34.52%	36.31%	41.67%	38.30%	40.17%	40.47%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	31.74	19.28	17.71	19.45	28.55	41.09	43.44	56.41	82.01	0.00	0.00
NOPAT to Interest Expense	20.75	12.58	11.76	17.38	21.32	34.20	37.80	46.85	66.70	0.00	0.00
EBIT Less CapEx to Interest Expense	22.87	15.01	10.37	12.24	14.73	20.87	12.20	33.67	62.13	0.00	0.00
NOPAT Less CapEx to Interest Expense	11.88	8.31	4.42	10.17	7.50	13.98	6.56	24.11	46.82	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.32%	106.23%	163.80%	0.00%	0.06%	61.69%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Copart's official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	10/31/2022	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.27%	10.29%	8.71%	12.93%	14.22%	6.63%	10.32%	7.16%	12.39%	14.03%	7.49%
EBITDA Growth	-4.13%	5.61%	11.92%	22.21%	24.90%	5.12%	5.83%	-5.22%	5.98%	12.95%	5.75%
EBIT Growth	-6.72%	4.66%	12.95%	22.19%	26.77%	3.91%	3.16%	-7.51%	3.70%	12.08%	5.54%
NOPAT Growth	-7.28%	-2.46%	18.62%	13.59%	26.98%	5.77%	6.16%	-11.55%	4.71%	18.17%	2.87%
Net Income Growth	-5.57%	2.18%	25.77%	31.87%	35.26%	10.85%	9.04%	-7.36%	8.61%	18.74%	6.08%
EPS Growth	-5.57%	2.18%	25.77%	31.87%	36.00%	10.00%	8.33%	-5.56%	8.82%	21.21%	7.69%
Operating Cash Flow Growth	-0.31%	40.49%	21.21%	14.62%	20.44%	-14.07%	-1.88%	22.49%	28.52%	10.10%	41.22%
Free Cash Flow Firm Growth	82.97%	1.89%	-225.76%	14.72%	-351.57%	-135.61%	-176.10%	-196.20%	57.23%	91.12%	120.63%
Invested Capital Growth	9.46%	12.95%	13.80%	12.06%	15.09%	16.61%	17.30%	13.54%	10.65%	9.20%	7.60%
Revenue Q/Q Growth	1.13%	7.09%	6.81%	-2.37%	2.29%	-0.03%	10.50%	-5.17%	7.28%	1.44%	4.16%
EBITDA Q/Q Growth	-3.10%	15.34%	14.55%	-4.54%	-0.97%	-2.93%	15.32%	-14.50%	10.73%	3.46%	7.97%
EBIT Q/Q Growth	-4.40%	17.48%	16.53%	-6.63%	-0.82%	-3.71%	15.68%	-16.28%	11.19%	4.07%	8.93%
NOPAT Q/Q Growth	-13.35%	16.38%	17.09%	-3.81%	-3.13%	-3.06%	17.53%	-19.85%	14.66%	9.40%	2.31%
Net Income Q/Q Growth	-6.78%	19.45%	19.33%	-0.76%	-4.39%	-2.11%	17.38%	-15.68%	12.10%	7.02%	4.86%
EPS Q/Q Growth	-6.78%	19.45%	19.33%	-0.76%	-5.56%	-2.94%	18.18%	-12.82%	8.82%	8.11%	5.00%
Operating Cash Flow Q/Q Growth	-0.41%	-39.57%	168.65%	-29.11%	4.65%	-56.88%	206.75%	-11.50%	9.80%	-63.07%	293.47%
Free Cash Flow Firm Q/Q Growth	49.13%	-192.59%	25.74%	22.85%	-169.38%	-52.66%	12.98%	17.23%	61.10%	68.31%	302.15%
Invested Capital Q/Q Growth	2.22%	7.22%	-1.52%	3.82%	4.99%	8.64%	-0.94%	0.49%	2.31%	7.22%	-2.39%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	41.36%	44.58%	47.31%	107.47%	85.51%	85.61%	46.62%	100.38%	87.95%	87.30%	85.99%
EBITDA Margin	38.95%	41.95%	45.00%	44.00%	42.60%	41.36%	43.17%	38.92%	40.17%	40.97%	42.46%
Operating Margin	34.87%	38.21%	41.00%	39.16%	38.75%	37.24%	38.78%	33.63%	35.43%	36.64%	37.26%
EBIT Margin	34.55%	37.90%	41.35%	39.55%	38.35%	36.94%	38.67%	34.14%	35.38%	36.30%	37.97%
Profit (Net Income) Margin	27.52%	30.70%	34.29%	34.86%	32.59%	31.91%	33.90%	30.14%	31.49%	33.23%	33.45%
Tax Burden Percent	78.52%	77.88%	79.57%	82.08%	78.56%	79.25%	80.94%	78.88%	80.03%	83.48%	80.62%
Interest Burden Percent	101.43%	103.99%	104.23%	107.39%	108.18%	109.01%	108.31%	111.92%	111.22%	109.65%	109.30%
Effective Tax Rate	21.48%	22.12%	20.43%	17.92%	21.44%	20.75%	19.06%	21.12%	19.97%	16.52%	19.38%
Return on Invested Capital (ROIC)	30.93%	32.62%	37.25%	36.17%	34.12%	31.12%	34.38%	28.97%	30.79%	31.79%	32.36%
ROIC Less NNEP Spread (ROIC-NNEP)	30.83%	31.92%	36.24%	34.71%	33.06%	29.99%	33.29%	27.63%	29.65%	30.84%	31.25%
Return on Net Nonoperating Assets (RNNOA)	-8.21%	-8.93%	-12.27%	-12.22%	-12.18%	-10.79%	-13.49%	-11.79%	-13.05%	-13.17%	-14.60%
Return on Equity (ROE)	22.73%	23.69%	24.98%	23.95%	21.94%	20.33%	20.89%	17.18%	17.74%	18.62%	17.76%
Cash Return on Invested Capital (CROIC)	25.59%	20.39%	21.85%	23.05%	21.02%	17.54%	17.89%	19.51%	21.33%	21.60%	23.84%
Operating Return on Assets (OROA)	23.56%	25.16%	26.33%	25.41%	23.71%	22.17%	22.43%	19.07%	19.06%	19.49%	19.71%
Return on Assets (ROA)	18.76%	20.37%	21.84%	22.40%	20.15%	19.15%	19.66%	16.84%	16.96%	17.84%	17.37%
Return on Common Equity (ROCE)	22.73%	23.69%	24.98%	23.95%	21.89%	20.29%	20.85%	17.15%	17.68%	18.56%	17.71%
Return on Equity Simple (ROE_SIMPLE)	22.16%	20.75%	20.63%	0.00%	20.66%	19.98%	19.35%	0.00%	17.62%	17.49%	16.80%
Net Operating Profit after Tax (NOPAT)	245	285	333	321	311	301	354	284	325	356	364
NOPAT Margin	27.38%	29.75%	32.62%	32.14%	30.44%	29.51%	31.39%	26.53%	28.36%	30.58%	30.04%
Net Nonoperating Expense Percent (NNEP)	0.11%	0.69%	1.02%	1.45%	1.06%	1.13%	1.09%	1.34%	1.14%	0.95%	1.11%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	4.44%	-	-	-	4.29%	4.15%
Cost of Revenue to Revenue	58.64%	55.42%	52.69%	-7.47%	14.49%	14.39%	53.38%	-0.38%	12.05%	12.70%	14.01%
SG&A Expenses to Revenue	6.49%	6.37%	6.31%	6.71%	6.73%	8.26%	7.83%	8.80%	9.22%	8.54%	8.31%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.49%	6.37%	6.31%	68.31%	46.76%	48.37%	7.83%	66.75%	52.52%	50.67%	48.73%
Earnings before Interest and Taxes (EBIT)	309	363	423	395	391	377	436	365	406	422	460
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	348	401	460	439	435	422	487	416	461	477	515
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.64	6.09	6.74	7.05	6.50	6.80	7.28	6.69	6.28	6.72	6.71
Price to Tangible Book Value (P/TBV)	6.21	6.67	7.34	7.63	7.15	7.45	7.93	7.26	6.78	7.23	7.19
Price to Revenue (P/Rev)	7.64	8.64	10.03	10.91	10.43	11.36	12.54	11.89	11.36	12.39	12.84
Price to Earnings (P/E)	25.46	29.33	32.66	34.10	31.46	34.01	37.61	36.95	35.60	38.38	39.87
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.93%	3.41%	3.06%	2.93%	3.18%	2.94%	2.66%	2.71%	2.81%	2.61%	2.51%
Enterprise Value to Invested Capital (EV/IC)	7.80	8.46	10.16	10.96	10.24	10.49	11.97	11.38	10.87	11.50	12.36
Enterprise Value to Revenue (EV/Rev)	7.21	8.19	9.48	10.30	9.78	10.71	11.80	11.08	10.52	11.55	11.89
Enterprise Value to EBITDA (EV/EBITDA)	17.25	19.79	22.69	24.18	22.52	24.78	27.58	26.69	25.72	28.29	29.23
Enterprise Value to EBIT (EV/EBIT)	19.11	21.97	25.12	26.77	24.87	27.43	30.75	29.93	28.99	31.95	33.03
Enterprise Value to NOPAT (EV/NOPAT)	23.53	27.56	31.13	33.66	31.27	34.36	38.21	37.60	36.33	39.48	41.11
Enterprise Value to Operating Cash Flow (EV/OCF)	21.98	24.45	26.99	29.21	27.36	31.03	35.31	31.89	29.06	32.61	30.32
Enterprise Value to Free Cash Flow (EV/FCFF)	31.83	44.00	49.53	50.26	52.13	64.40	72.22	62.03	53.55	55.57	53.73
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.27	-0.28	-0.34	-0.35	-0.37	-0.36	-0.41	-0.43	-0.44	-0.43	-0.47
Leverage Ratio	1.22	1.19	1.19	1.14	1.15	1.13	1.12	1.12	1.13	1.11	1.11
Compound Leverage Factor	1.23	1.24	1.24	1.22	1.24	1.23	1.22	1.25	1.26	1.22	1.21
Debt to Total Capital	0.04%	0.04%	0.40%	0.18%	0.15%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.04%	0.04%	0.40%	0.18%	0.15%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.39%	0.37%	0.35%	0.33%	0.30%	0.27%	0.24%
Common Equity to Total Capital	99.96%	99.96%	99.60%	99.82%	99.46%	99.62%	99.65%	99.67%	99.70%	99.73%	99.76%
Debt to EBITDA	0.00	0.00	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-1.03	-1.09	-1.33	-1.43	-1.51	-1.52	-1.73	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.02	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-1.40	-1.52	-1.83	-1.99	-2.10	-2.11	-2.40	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.02	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	24.45	28.80	32.20	36.08	30.12	37.51	40.79	36.64	33.61	41.11	43.01
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.22%	0.21%	0.20%	0.18%	0.34%	0.32%	0.29%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.69	5.41	5.92	6.62	5.74	7.13	7.36	7.03	6.62	7.89	8.16
Quick Ratio	4.30	4.98	5.54	6.22	5.42	6.68	6.95	6.69	6.29	7.43	7.83
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-42	-123	-91	-70	-190	-289	-252	-208	-81	-26	52
Operating Cash Flow to CapEx	204.34%	214.18%	590.62%	228.83%	232.59%	132.74%	574.22%	320.19%	203.91%	153.26%	564.86%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-1.91	0.00	0.00	0.00	-2.04	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	9.75	0.00	0.00	0.00	4.30	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	5.49	0.00	0.00	0.00	2.96	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.68	0.66	0.64	0.64	0.62	0.60	0.58	0.56	0.54	0.54	0.52
Accounts Receivable Turnover	6.02	5.26	5.87	6.04	5.77	5.04	5.49	5.70	5.60	5.21	5.81
Inventory Turnover	39.07	39.21	41.07	30.74	23.67	15.99	49.13	40.91	35.79	33.40	37.43
Fixed Asset Turnover	1.46	1.46	1.47	1.45	1.45	1.42	1.44	1.41	1.38	1.39	1.38
Accounts Payable Turnover	4.65	5.10	4.99	3.62	2.42	1.66	4.75	3.57	3.16	3.28	3.15
Days Sales Outstanding (DSO)	60.67	69.35	62.19	60.40	63.23	72.44	66.44	64.09	65.14	70.03	62.83
Days Inventory Outstanding (DIO)	9.34	9.31	8.89	11.87	15.42	22.83	7.43	8.92	10.20	10.93	9.75
Days Payable Outstanding (DPO)	78.57	71.51	73.19	100.97	150.56	219.67	76.77	102.34	115.64	111.14	115.79
Cash Conversion Cycle (CCC)	-8.55	7.15	-2.11	-28.70	-71.91	-124.40	-2.90	-29.33	-40.30	-30.19	-43.21
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,315	3,555	3,501	3,634	3,816	4,145	4,106	4,126	4,222	4,527	4,418
Invested Capital Turnover	1.13	1.10	1.14	1.13	1.12	1.05	1.10	1.09	1.09	1.04	1.08
Increase / (Decrease) in Invested Capital	287	407	425	391	500	590	606	492	406	381	312
Enterprise Value (EV)	25,844	30,067	35,583	39,848	39,068	43,487	49,152	46,959	45,906	52,043	54,598
Market Capitalization	27,381	31,726	37,675	42,201	41,664	46,130	52,217	50,357	49,580	55,817	58,961
Book Value per Share	$20.39	$10.95	$11.73	$12.54	$6.70	$7.07	$7.46	$7.82	$8.20	$8.62	$9.09
Tangible Book Value per Share	$18.51	$9.99	$10.78	$11.58	$6.09	$6.45	$6.85	$7.21	$7.59	$8.02	$8.48
Total Capital	4,855	5,216	5,615	5,998	6,446	6,813	7,197	7,549	7,920	8,324	8,803
Total Debt	1.97	1.95	22	11	9.46	0.45	0.43	0.00	0.00	0.00	0.00
Total Long-Term Debt	1.97	1.95	22	11	9.46	0.45	0.43	0.00	0.00	0.00	0.00
Net Debt	-1,537	-1,659	-2,092	-2,353	-2,621	-2,668	-3,090	-3,422	-3,698	-3,797	-4,384
Capital Expenditures (CapEx)	152	88	86	157	161	122	86	137	237	116	124
Debt-free, Cash-free Net Working Capital (DFCFNWC)	321	490	380	406	330	554	495	367	320	540	318
Debt-free Net Working Capital (DFNWC)	1,860	2,151	2,494	2,770	2,960	3,222	3,586	3,790	4,018	4,337	4,702
Net Working Capital (NWC)	1,860	2,151	2,494	2,770	2,960	3,222	3,586	3,790	4,018	4,337	4,702
Net Nonoperating Expense (NNE)	-1.26	-9.02	-17	-27	-22	-24	-28	-39	-36	-31	-41
Net Nonoperating Obligations (NNO)	-1,537	-1,659	-2,092	-2,353	-2,621	-2,668	-3,090	-3,422	-3,698	-3,797	-4,384
Total Depreciation and Amortization (D&A)	39	39	37	44	43	45	51	51	55	54	55
Debt-free, Cash-free Net Working Capital to Revenue	8.95%	13.34%	10.13%	10.49%	8.26%	13.66%	11.89%	8.67%	7.34%	11.98%	6.92%
Debt-free Net Working Capital to Revenue	51.90%	58.56%	66.42%	71.58%	74.08%	79.37%	86.08%	89.44%	92.09%	96.24%	102.42%
Net Working Capital to Revenue	51.90%	58.56%	66.42%	71.58%	74.08%	79.37%	86.08%	89.44%	92.09%	96.24%	102.42%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.26	$0.31	$0.37	$0.18	$0.35	$0.34	$0.40	$0.34	$0.38	$0.40	$0.42
Adjusted Weighted Average Basic Shares Outstanding	952.20M	952.75M	953.57M	1.91B	958.13M	960.53M	961.81M	960.74M	963.18M	964.75M	966.23M
Adjusted Diluted Earnings per Share	$0.26	$0.31	$0.36	$0.18	$0.34	$0.33	$0.39	$0.34	$0.37	$0.40	$0.42
Adjusted Weighted Average Diluted Shares Outstanding	964.34M	965.07M	967.38M	1.93B	971.68M	974.59M	976.45M	974.80M	976.51M	977.91M	978.09M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.18	$0.00	$0.00	$0.00	$0.34	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	952.60M	953.19M	954.88M	1.91B	960.23M	961.46M	962.30M	963.29M	963.53M	966.09M	966.94M
Normalized Net Operating Profit after Tax (NOPAT)	245	285	333	321	311	301	354	284	325	356	364
Normalized NOPAT Margin	27.38%	29.75%	32.62%	32.14%	30.44%	29.51%	31.39%	26.53%	28.36%	30.58%	30.04%
Pre Tax Income Margin	35.05%	39.42%	43.10%	42.47%	41.48%	40.26%	41.88%	38.21%	39.35%	39.80%	41.50%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	10.73	0.00	0.00	0.00	3.57	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	8.72	0.00	0.00	0.00	2.78	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	6.47	0.00	0.00	0.00	2.23	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	4.46	0.00	0.00	0.00	1.43	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Key Financial Trends

Copart Inc. (NASDAQ: CPRT) has demonstrated strong financial performance and steady growth over the past four years through recent quarterly results ending Q3 2025. Here are the key takeaways from the analysis of Copart's income statements, cash flow statements, and balance sheets:

Consistent Revenue Growth: Copart's operating revenue increased from approximately $893 million in Q1 2023 to $1.21 billion in Q3 2025, showing a solid top-line growth trajectory.
Increasing Net Income: Net income rose steadily from $245.8 million in Q1 2023 to $405.3 million in Q3 2025, indicating improving profitability.
Strong Gross Profit Margins: Gross profit remained high and stable, with Q3 2025 gross profit at $1.04 billion on $1.21 billion revenue, suggesting effective cost controls and pricing power.
Operating Expenses Managed: Despite growth, selling, general & administrative expenses have remained proportionate or slightly improved relative to revenues, supporting operational efficiency.
Robust Operating Cash Flow: Net cash from continuing operating activities was $700.9 million in Q3 2025, up significantly from $311.6 million in Q1 2023, indicating strong cash generation capabilities.
Capital Expenditures: Property, plant, and equipment purchases averaged around $100-$200 million quarterly, indicating ongoing investments to support growth, but slightly reducing free cash flow.
Investment Activities: Large purchases of investments (e.g., over $1.5 billion in Q3 2025 and significant sales in prior quarters) suggest active portfolio management or liquidity adjustments, with mixed effects on cash flow.
Healthy Balance Sheet: Total assets increased from about $5.6 billion in Q1 2023 to $9.7 billion in Q3 2025. Equity also grew consistently, reaching $8.78 billion, indicating strong capitalization.
Low Debt Levels: Long-term debt remains quite low relative to equity (often under $50 million), suggesting conservative use of leverage, although debt levels slightly fluctuate quarter to quarter.
Stable Earnings Per Share (EPS) Growth: Diluted EPS grew from $0.25 in Q1 2023 to $0.42 in Q3 2025, reflecting both net income growth and share count stability.

Overall, Copart exhibits strong revenue growth, improving profitability, excellent cash flow generation, and a healthy balance sheet with low leverage. The company is investing steadily in fixed assets while managing expenses well. These factors support a positive outlook for continued operational and financial performance.

08/22/25 01:48 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Copart's Financials

When does Copart's financial year end?

According to the most recent income statement we have on file, Copart's fiscal year ends in July. Their fiscal year 2024 ended on July 31, 2024.

How has Copart's net income changed over the last 10 years?

Copart's net income appears to be on an upward trend, with a most recent value of $1.36 billion in 2024, rising from $178.69 million in 2014. The previous period was $1.24 billion in 2023. See where experts think Copart is headed by visiting Copart's forecast page.

What is Copart's operating income?

Copart's total operating income in 2024 was $1.57 billion, based on the following breakdown:

Total Gross Profit: $2.53 billion
Total Operating Expenses: $954.72 million

How has Copart's revenue changed over the last 10 years?

Over the last 10 years, Copart's total revenue changed from $1.16 billion in 2014 to $4.24 billion in 2024, a change of 264.1%.

How much debt does Copart have?

Copart's total liabilities were at $879.21 million at the end of 2024, a 17.2% increase from 2023, and a 74.7% increase since 2014.

How much cash does Copart have?

In the past 10 years, Copart's cash and equivalents has ranged from $0.00 in 2019 to $1.51 billion in 2024, and is currently $1.51 billion as of their latest financial filing in 2024.

How has Copart's book value per share changed over the last 10 years?

Over the last 10 years, Copart's book value per share changed from 7.96 in 2014 to 7.82 in 2024, a change of -1.8%.

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This page (NASDAQ:CPRT) was last updated on 8/22/2025 by MarketBeat.com Staff

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Copart (CPRT) Financials

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