Copart (CPRT) Financials

$45.51 +0.18 (+0.40%)

Closing price 08/1/2025 04:00 PM Eastern

Extended Trading

$45.73 +0.22 (+0.48%)

As of 08/1/2025 07:58 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	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	220	270	394	418	592	700	936	1,090	1,238	1,363
Consolidated Net Income / (Loss)	220	270	394	418	592	700	936	1,090	1,238	1,362
Net Income / (Loss) Continuing Operations	220	270	394	418	592	700	936	1,090	1,238	1,362
Total Pre-Tax Income	332	396	440	563	705	801	1,122	1,341	1,554	1,715
Total Operating Income	344	406	461	584	716	816	1,136	1,375	1,487	1,572
Total Gross Profit	483	545	632	762	898	1,233	1,343	2,191	2,351	2,527
Total Revenue	1,146	1,268	1,448	1,806	2,042	2,206	2,693	3,501	3,870	4,237
Operating Revenue	1,146	1,268	1,448	1,806	2,042	2,206	2,693	3,501	3,870	4,237
Total Cost of Revenue	663	724	816	1,043	1,144	972	1,349	1,309	1,518	1,710
Operating Cost of Revenue	663	724	816	1,043	1,144	972	1,349	1,309	1,518	1,710
Total Operating Expenses	139	138	171	178	182	417	207	816	865	955
Selling, General & Admin Expense	139	138	151	177	182	192	207	231	250	335
Other Operating Expenses / (Income)	-	-	-	-	-	225	-	585	614	619
Total Other Income / (Expense), net	-12	-11	-21	-22	-12	-15	-15	-34	68	143
Interest Expense	18	24	24	20	18	19	20	17	0.00	0.00
Interest & Investment Income	0.82	1.45	1.41	1.29	-	-	-	-17	66	146
Other Income / (Expense), net	4.97	12	1.17	-2.76	6.06	3.61	5.67	-0.60	1.83	-3.10
Income Tax Expense	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	$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	251.83M	228.85M	228.69M	231.79M	230.49M	233.20M	945.01M	949.68M	953.57M	960.74M
Diluted Earnings per Share	$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	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	125.60M	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	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	7/31/2022	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
Net Income / (Loss) Attributable to Common Shareholders	264	246	294	350	348	333	326	382	323	362	387
Consolidated Net Income / (Loss)	264	246	294	350	348	333	326	382	322	361	387
Net Income / (Loss) Continuing Operations	264	246	294	350	348	333	326	382	322	361	387
Total Pre-Tax Income	303	313	377	440	424	423	411	472	408	451	463
Total Operating Income	325	312	366	419	391	395	380	437	360	406	426
Total Gross Profit	967	369	427	483	1,072	873	873	526	1,073	1,009	1,016
Total Revenue	883	893	957	1,022	998	1,020	1,020	1,127	1,069	1,147	1,163
Operating Revenue	883	893	957	1,022	998	1,020	1,020	1,127	1,069	1,147	1,163
Total Cost of Revenue	-83	524	530	538	-74	148	147	602	-4.06	138	148
Operating Cost of Revenue	-83	524	530	538	-74	148	147	602	-4.06	138	148
Total Operating Expenses	642	58	61	65	681	477	493	88	714	602	589
Selling, General & Admin Expense	57	58	61	65	67	69	84	88	94	106	99
Other Operating Expenses / (Income)	-	-	-	-	-	409	409	-	-	497	490
Total Other Income / (Expense), net	-21	1.60	12	22	33	28	31	35	49	45	37
Interest & Investment Income	-	-	-	-	-	32	34	-	-	46	41
Other Income / (Expense), net	-1.91	-2.82	-2.90	3.63	3.93	-4.07	-3.10	-1.31	5.39	-0.60	-3.91
Income Tax Expense	40	67	83	90	76	91	85	90	86	90	77
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
Basic Earnings per Share	$0.28	$0.26	$0.31	$0.37	$0.36	$0.35	$0.34	$0.40	$0.34	$0.38	$0.40
Weighted Average Basic Shares Outstanding	949.68M	952.20M	952.75M	953.57M	953.57M	958.13M	960.53M	961.81M	960.74M	963.18M	964.75M
Diluted Earnings per Share	$0.28	$0.25	$0.30	$0.36	$0.36	$0.34	$0.33	$0.39	$0.34	$0.37	$0.40
Weighted Average Diluted Shares Outstanding	964.60M	964.34M	965.07M	967.38M	966.65M	971.68M	974.59M	976.45M	974.80M	976.51M	977.91M
Weighted Average Basic & Diluted Shares Outstanding	238.06M	476.30M	476.59M	477.44M	957.36M	960.23M	961.46M	962.30M	963.29M	963.53M	966.09M

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	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	297	-300	54	64	-88	291	571	336	-427	557
Net Cash From Operating Activities	265	332	492	535	647	918	991	1,177	1,364	1,473
Net Cash From Continuing Operating Activities	265	332	492	535	647	918	991	1,177	1,364	1,473
Net Income / (Loss) Continuing Operations	220	270	394	418	592	700	936	1,090	1,238	1,362
Consolidated Net Income / (Loss)	220	270	394	418	592	700	936	1,090	1,238	1,362
Depreciation Expense	49	50	57	79	85	104	123	139	160	190
Non-Cash Adjustments To Reconcile Net Income	14	23	41	30	21	24	35	56	45	35
Changes in Operating Assets and Liabilities, net	-17	-10	-0.89	8.51	-51	89	-104	-108	-78	-115
Net Cash From Investing Activities	-82	-173	-336	-288	-356	-601	-465	-442	-1,892	-940
Net Cash From Continuing Investing Activities	-82	-173	-336	-288	-356	-601	-465	-442	-1,892	-940
Purchase of Property, Plant & Equipment	-79	-174	-172	-288	-374	-592	-463	-337	-517	-511
Acquisitions	-4.50	0.00	-164	-8.79	-0.75	-12	-5.00	-107	0.00	18
Purchase of Investments	0.00	-21	-	-	-	0.00	0.00	-377	-1,409	-4,096
Sale of Property, Plant & Equipment	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	21	-	-	-	0.00	0.00	375	0.00	3,645
Net Cash From Financing Activities	120	-448	-107	-182	-370	-27	41	-383	67	19
Net Cash From Continuing Financing Activities	120	-448	-107	-182	-370	-27	41	-383	67	19
Repayment of Debt	-351	-101	-7.00	-231	0.00	-2.81	0.00	-418	-34	-11
Issuance of Debt	699	93	-	-	-	-	0.00	0.00	44	0.00
Issuance of Common Equity	3.08	3.37	4.27	5.85	7.18	8.28	9.14	9.63	11	12
Other Financing Activities, net	2.78	-1.80	-104	43	-12	-33	32	26	45	18
Effect of Exchange Rate Changes	-6.18	-11	4.96	-0.14	-8.28	2.14	4.20	-16	34	4.96
Cash Interest Paid	18	24	23	20	19	20	20	19	2.61	3.13
Cash Income Taxes Paid	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	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	7/31/2022	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
Net Change in Cash & Equivalents	-71	155	122	453	-1,157	1,624	-1,325	-167	424	2,184	-359
Net Cash From Operating Activities	313	312	188	506	359	375	162	496	439	482	178
Net Cash From Continuing Operating Activities	313	312	188	506	359	375	162	496	439	482	178
Net Income / (Loss) Continuing Operations	264	246	294	350	348	333	326	382	322	361	387
Consolidated Net Income / (Loss)	264	246	294	350	348	333	326	382	322	361	387
Depreciation Expense	36	39	39	37	44	43	45	51	51	55	54
Non-Cash Adjustments To Reconcile Net Income	27	14	12	11	8.76	3.55	11	15	5.33	11	9.18
Changes in Operating Assets and Liabilities, net	-14	13	-156	108	-42	-4.19	-220	49	61	55	-272
Net Cash From Investing Activities	15	-152	-90	-86	-1,563	1,235	-1,483	-669	-24	1,702	-575
Net Cash From Continuing Investing Activities	15	-152	-90	-86	-1,563	1,235	-1,483	-669	-24	1,702	-575
Purchase of Property, Plant & Equipment	-103	-153	-104	-90	-170	-162	-123	-88	-138	-237	-117
Acquisitions	-106	0.00	-	-	-	0.00	-	-	-	-1.26	0.04
Purchase of Investments	-2.59	0.00	-1.99	-0.75	-1,407	-1.00	-1,411	-1,067	-1,616	0.00	-459
Sale of Property, Plant & Equipment	1.71	0.19	16	4.17	13	0.92	1.15	1.38	0.71	0.24	0.42
Net Cash From Financing Activities	-401	0.76	15	36	16	7.41	-0.96	4.44	8.38	2.14	36
Net Cash From Continuing Financing Activities	-401	0.76	15	36	16	7.41	-0.96	4.44	8.38	2.14	36
Other Financing Activities, net	11	0.76	9.21	14	21	7.41	3.90	4.44	1.94	2.14	28
Cash Interest Paid	4.05	0.06	0.64	0.88	1.03	0.10	1.94	-0.09	1.18	0.01	1.36
Cash Income Taxes Paid	68	5.70	93	73	86	9.07	179	78	19	81	196

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	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	1,799	1,650	1,983	2,308	2,548	3,455	4,562	5,309	6,738	8,428
Total Current Assets	735	499	587	709	687	964	1,703	2,202	3,263	4,418
Cash & Equivalents	456	156	210	275	-	-	-	1,384	957	1,514
Short-Term Investments	-	-	-	-	-	-	-	0.00	1,407	1,908
Accounts Receivable	216	266	312	352	367	350	481	579	702	786
Inventories, net	8.61	10	10	17	21	20	45	59	40	44
Prepaid Expenses	20	18	18	17	17	15	14	19	26	34
Current Deferred & Refundable Income Taxes	9.49	20	6.42	15	20	27	20	50	6.57	0.00
Other Current Assets	25	29	31	34	77	74	94	112	124	133
Plant, Property, & Equipment, net	700	817	944	1,163	1,428	1,942	2,297	2,486	2,844	3,176
Total Noncurrent Assets	364	334	451	435	433	550	563	621	631	834
Goodwill	272	260	340	337	333	344	356	402	394	514
Intangible Assets	18	12	76	65	55	48	46	55	63	74
Other Noncurrent Operating Assets	45	38	34	33	44	158	161	164	174	246
Total Liabilities & Shareholders' Equity	1,799	1,650	1,983	2,308	2,548	3,455	4,562	5,309	6,738	8,428
Total Liabilities	834	875	884	727	769	966	1,033	683	750	879
Total Current Liabilities	213	279	302	277	282	356	421	441	493	629
Accounts Payable	147	192	208	271	271	319	370	399	441	518
Current Deferred Revenue	3.72	4.63	5.02	4.49	6.47	8.23	21	20	26	28
Current Deferred & Payable Income Tax Liabilities	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	621	597	582	449	487	514	612	242	258	251
Noncurrent Deferred Revenue	21	26	25	27	35	45	52	65	69	60
Noncurrent Deferred & Payable Income Tax Liabilities	5.32	3.82	3.19	20	49	72	64	80	89	94
Other Noncurrent Operating Liabilities	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
Redeemable Noncontrolling Interest	-	-	-	-	-	-	-	-	0.00	25
Total Equity & Noncontrolling Interests	964	774	1,099	1,581	1,778	2,490	3,529	4,626	5,987	7,524
Total Preferred & Common Equity	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
Total Common Equity	964	774	1,098	1,581	1,778	2,490	3,529	4,626	5,987	7,524
Common Stock	408	392	453	527	573	673	762	839	939	1,121
Retained Earnings	625	491	745	1,162	1,338	1,938	2,868	3,956	5,189	6,546
Accumulated Other Comprehensive Income / (Loss)	-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	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	7/31/2022	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
Total Assets	5,309	5,594	5,932	6,350	6,738	7,334	7,599	8,011	8,428	8,869	9,187
Total Current Assets	2,202	2,365	2,639	3,001	3,263	3,585	3,748	4,149	4,418	4,733	4,967
Cash & Equivalents	1,384	1,539	1,661	2,114	957	2,582	1,257	1,090	1,514	3,698	3,339
Short-Term Investments	0.00	-	-	-	1,407	49	1,411	2,000	1,908	0.00	459
Accounts Receivable	579	629	765	694	702	756	846	823	786	802	883
Inventories, net	59	54	52	45	40	43	43	47	44	52	59
Prepaid Expenses	19	21	27	28	26	28	36	41	34	33	36
Current Deferred & Refundable Income Taxes	50	5.26	0.44	0.43	6.57	0.42	17	23	0.00	-	48
Other Current Assets	112	117	134	120	124	128	138	125	133	148	143
Plant, Property, & Equipment, net	2,486	2,582	2,656	2,711	2,844	2,944	3,043	3,073	3,176	3,363	3,463
Total Noncurrent Assets	621	647	637	638	631	805	807	788	834	773	758
Goodwill	402	395	404	407	394	501	511	511	514	514	510
Intangible Assets	55	52	51	50	63	82	84	77	74	73	68
Other Noncurrent Operating Assets	164	200	182	182	174	223	213	200	246	186	180
Total Liabilities & Shareholders' Equity	5,309	5,594	5,932	6,350	6,738	7,334	7,599	8,011	8,428	8,869	9,187
Total Liabilities	683	741	719	757	750	897	786	814	879	950	863
Total Current Liabilities	441	504	488	507	493	624	526	563	629	715	630
Accounts Payable	399	447	439	441	441	495	474	507	518	582	562
Current Deferred Revenue	20	19	24	26	26	27	26	29	28	26	27
Current Deferred & Payable Income Tax Liabilities	0.00	16	3.82	19	4.37	80	4.74	7.39	61	86	18
Other Current Liabilities	22	22	21	21	21	22	21	20	21	21	23
Total Noncurrent Liabilities	242	236	231	251	258	273	260	251	251	235	234
Noncurrent Deferred Revenue	65	65	65	66	69	70	71	67	60	44	44
Noncurrent Deferred & Payable Income Tax Liabilities	80	77	76	77	89	92	94	92	94	95	93
Other Noncurrent Operating Liabilities	96	92	87	86	88	101	94	91	97	95	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	25	25	25	24	23
Total Equity & Noncontrolling Interests	4,626	4,853	5,214	5,592	5,987	6,411	6,788	7,171	7,524	7,896	8,301
Total Preferred & Common Equity	4,626	4,853	5,214	5,592	5,987	6,411	6,788	7,171	7,524	7,896	8,301
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	4,626	4,853	5,214	5,592	5,987	6,411	6,788	7,171	7,524	7,896	8,301
Common Stock	839	850	875	902	939	1,068	1,087	1,103	1,121	1,134	1,180
Retained Earnings	3,956	4,202	4,495	4,843	5,189	5,521	5,845	6,225	6,546	6,907	7,293
Accumulated Other Comprehensive Income / (Loss)	-169	-199	-157	-152	-141	-177	-145	-157	-143	-145	-172

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	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	-1.50%	10.68%	14.15%	24.70%	13.08%	8.01%	22.08%	30.02%	10.53%	9.49%
EBITDA Growth	19.95%	17.43%	11.17%	27.06%	22.29%	14.37%	36.93%	19.59%	8.93%	6.74%
EBIT Growth	25.53%	19.65%	10.63%	25.76%	24.24%	13.45%	39.33%	20.34%	8.29%	5.41%
NOPAT Growth	25.29%	21.79%	48.86%	5.08%	38.49%	18.60%	33.01%	17.83%	5.90%	5.51%
Net Income Growth	23.00%	23.01%	45.83%	6.02%	41.55%	18.29%	33.80%	16.41%	13.54%	10.07%
EPS Growth	23.00%	23.01%	49.55%	4.22%	42.20%	19.11%	33.80%	16.41%	13.54%	9.38%
Operating Cash Flow Growth	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	115.19%	-23.01%	-12.05%	65.30%	26.18%	-44.01%	240.98%	25.40%	5.28%	-4.51%
Invested Capital Growth	0.46%	9.21%	20.84%	12.15%	16.81%	26.95%	13.76%	12.67%	12.06%	13.54%
Revenue Q/Q Growth	-0.45%	4.13%	3.28%	4.07%	4.79%	-0.76%	9.03%	4.00%	3.04%	1.71%
EBITDA Q/Q Growth	2.26%	6.33%	-0.12%	6.40%	6.30%	2.35%	8.57%	1.69%	5.09%	-1.28%
EBIT Q/Q Growth	3.22%	6.48%	-0.08%	4.46%	8.18%	1.91%	9.32%	1.39%	5.06%	-1.85%
NOPAT Q/Q Growth	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	2.98%	10.96%	-3.37%	10.40%	7.99%	1.75%	10.69%	0.72%	7.29%	-1.84%
EPS Q/Q Growth	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	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	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	2.75%	-1.61%	9.97%	3.01%	3.69%	6.24%	0.38%	5.44%	3.82%	0.49%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	42.18%	42.93%	43.65%	42.22%	43.99%	55.91%	49.88%	62.60%	60.77%	59.64%
EBITDA Margin	34.75%	36.87%	35.91%	36.59%	39.56%	41.89%	46.99%	43.22%	42.59%	41.52%
Operating Margin	30.05%	32.04%	31.86%	32.36%	35.09%	37.00%	42.21%	39.28%	38.42%	37.10%
EBIT Margin	30.48%	32.96%	31.94%	32.21%	35.38%	37.17%	42.42%	39.26%	38.46%	37.03%
Profit (Net Income) Margin	19.18%	21.31%	27.23%	23.15%	28.98%	31.73%	34.78%	31.14%	31.99%	32.15%
Tax Burden Percent	66.19%	68.30%	89.58%	74.31%	83.93%	87.40%	83.48%	81.30%	79.63%	79.46%
Interest Burden Percent	95.05%	94.70%	95.16%	96.72%	97.57%	97.70%	98.23%	97.57%	104.43%	109.28%
Effective Tax Rate	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)	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)	14.91%	20.87%	25.54%	20.99%	26.82%	21.11%	39.07%	39.24%	31.53%	28.27%
Return on Net Nonoperating Assets (RNNOA)	2.52%	8.08%	12.37%	4.29%	2.72%	1.27%	-3.96%	-9.78%	-11.10%	-12.06%
Return on Equity (ROE)	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)	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)	21.14%	24.24%	25.46%	27.11%	29.76%	27.31%	28.49%	27.85%	24.71%	20.69%
Return on Assets (ROA)	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)	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)	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)	228	278	413	434	601	713	949	1,118	1,184	1,249
NOPAT Margin	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)	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	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	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%
Operating Expenses to Revenue	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)	349	418	462	582	723	820	1,142	1,374	1,488	1,569
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	398	468	520	661	808	924	1,265	1,513	1,648	1,759
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	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)	6.76	10.98	10.64	11.31	12.78	10.43	11.12	7.30	7.63	7.26
Price to Revenue (P/Rev)	3.98	4.35	5.01	7.38	8.70	9.93	12.92	8.70	10.91	11.89
Price to Earnings (P/E)	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%
Earnings Yield	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)	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)	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)	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)	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)	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)	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)	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	0.67	0.83	0.58	0.25	0.23	0.16	0.11	0.00	0.00	0.00
Long-Term Debt to Equity	0.61	0.73	0.50	0.25	0.23	0.16	0.11	0.00	0.00	0.00
Financial Leverage	0.17	0.39	0.48	0.20	0.10	0.06	-0.10	-0.25	-0.35	-0.43
Leverage Ratio	1.68	1.98	1.94	1.60	1.45	1.41	1.33	1.21	1.14	1.12
Compound Leverage Factor	1.60	1.88	1.85	1.55	1.41	1.37	1.31	1.18	1.19	1.22
Debt to Total Capital	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	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	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%
Noncontrolling Interests to Total Capital	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	59.94%	54.73%	63.41%	79.81%	81.59%	86.25%	89.87%	99.96%	99.82%	99.67%
Debt to EBITDA	1.62	1.37	1.22	0.61	0.50	0.43	0.31	0.00	0.01	0.00
Net Debt to EBITDA	0.47	1.04	0.81	0.19	0.27	-0.09	-0.51	-0.91	-1.43	0.00
Long-Term Debt to EBITDA	1.48	1.21	1.06	0.60	0.50	0.43	0.31	0.00	0.01	0.00
Debt to NOPAT	2.83	2.31	1.53	0.92	0.67	0.56	0.42	0.00	0.01	0.00
Net Debt to NOPAT	0.83	1.75	1.02	0.29	0.36	-0.11	-0.69	-1.24	-1.99	0.00
Long-Term Debt to NOPAT	2.59	2.03	1.33	0.92	0.67	0.56	0.42	0.00	0.01	0.00
Altman Z-Score	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%	0.03%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.18%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.45	1.79	1.94	2.56	2.44	2.71	4.04	5.00	6.62	7.03
Quick Ratio	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)	223	171	151	249	315	176	601	753	793	757
Operating Cash Flow to CapEx	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	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	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	10.36	6.75	13.48	12.45	16.56	17.40	26.20	50.34	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.69	0.74	0.80	0.84	0.84	0.73	0.67	0.71	0.64	0.56
Accounts Receivable Turnover	5.55	5.26	5.01	5.44	5.68	6.15	6.48	6.61	6.04	5.70
Inventory Turnover	83.51	76.19	79.41	77.58	60.71	47.41	41.49	25.24	30.74	40.91
Fixed Asset Turnover	1.65	1.67	1.64	1.71	1.58	1.31	1.27	1.46	1.45	1.41
Accounts Payable Turnover	4.42	4.26	4.07	4.35	4.22	3.30	3.92	3.41	3.62	3.57
Days Sales Outstanding (DSO)	65.71	69.34	72.86	67.05	64.25	59.37	56.31	55.22	60.40	64.09
Days Inventory Outstanding (DIO)	4.37	4.79	4.60	4.70	6.01	7.70	8.80	14.46	11.87	8.92
Days Payable Outstanding (DPO)	82.51	85.68	89.64	83.85	86.47	110.62	93.10	107.15	100.97	102.34
Cash Conversion Cycle (CCC)	-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	1,153	1,259	1,522	1,706	1,993	2,530	2,879	3,243	3,634	4,126
Invested Capital Turnover	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	5.23	106	262	185	287	537	348	365	391	492
Enterprise Value (EV)	4,747	6,002	7,677	13,456	17,978	21,812	34,126	29,064	39,848	46,959
Market Capitalization	4,559	5,517	7,253	13,330	17,763	21,893	34,777	30,446	42,201	50,357
Book Value per Share	$7.62	$7.08	$4.77	$6.81	$7.76	$10.60	$14.92	$19.46	$12.54	$7.82
Tangible Book Value per Share	$5.33	$4.59	$2.96	$5.08	$6.07	$8.94	$13.22	$17.54	$11.58	$7.21
Total Capital	1,609	1,415	1,732	1,981	2,180	2,886	3,927	4,628	5,998	7,549
Total Debt	645	640	633	400	401	397	398	2.00	11	0.00
Total Long-Term Debt	591	564	551	399	400	397	398	2.00	11	0.00
Net Debt	189	485	423	125	215	-81	-651	-1,382	-2,353	-3,422
Capital Expenditures (CapEx)	77	173	171	281	356	590	460	333	483	507
Debt-free, Cash-free Net Working Capital (DFCFNWC)	119	141	157	158	220	130	233	377	406	367
Debt-free Net Working Capital (DFNWC)	575	297	367	433	406	608	1,282	1,762	2,770	3,790
Net Working Capital (NWC)	521	221	285	432	405	608	1,282	1,762	2,770	3,790
Net Nonoperating Expense (NNE)	8.16	7.24	19	16	9.67	13	12	28	-54	-113
Net Nonoperating Obligations (NNO)	189	485	423	125	215	41	-651	-1,382	-2,353	-3,422
Total Depreciation and Amortization (D&A)	49	50	57	79	85	104	123	139	160	190
Debt-free, Cash-free Net Working Capital to Revenue	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	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	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	$0.22	$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	915.38M	914.74M	927.17M	921.96M	932.81M	945.01M	949.68M	953.57M	960.74M
Adjusted Diluted Earnings per Share	$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	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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	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)	228	278	431	435	601	713	949	1,118	1,184	1,249
Normalized NOPAT Margin	19.89%	21.89%	29.74%	24.09%	29.45%	32.34%	35.23%	31.93%	30.59%	29.48%
Pre Tax Income Margin	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	19.28	17.71	19.45	28.55	41.09	43.44	56.41	82.01	0.00	0.00
NOPAT to Interest Expense	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	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	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%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	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	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	7/31/2022	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
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.00%	10.27%	10.29%	8.71%	12.93%	14.22%	6.63%	10.32%	7.16%	12.39%	14.03%
EBITDA Growth	7.53%	-4.13%	5.61%	11.92%	22.21%	24.90%	5.12%	5.83%	-5.22%	5.98%	12.95%
EBIT Growth	6.19%	-6.72%	4.66%	12.95%	22.19%	26.77%	3.91%	3.16%	-7.51%	3.70%	12.08%
NOPAT Growth	9.37%	-7.28%	-2.46%	18.62%	13.59%	26.98%	5.77%	6.16%	-11.55%	4.71%	18.17%
Net Income Growth	3.03%	-5.57%	2.18%	25.77%	31.87%	35.26%	10.85%	9.04%	-7.36%	8.61%	18.74%
EPS Growth	3.03%	-5.57%	2.18%	25.77%	31.87%	36.00%	10.00%	8.33%	-5.56%	8.82%	21.21%
Operating Cash Flow Growth	36.79%	-0.31%	40.49%	21.21%	14.62%	20.44%	-14.07%	-1.88%	22.49%	28.52%	10.10%
Free Cash Flow Firm Growth	8.40%	82.97%	1.89%	-225.76%	14.72%	-351.57%	-135.61%	-176.10%	-196.20%	57.23%	91.12%
Invested Capital Growth	12.67%	9.46%	12.95%	13.80%	12.06%	15.09%	16.61%	17.30%	13.54%	10.65%	9.20%
Revenue Q/Q Growth	-6.02%	1.13%	7.09%	6.81%	-2.37%	2.29%	-0.03%	10.50%	-5.17%	7.28%	1.44%
EBITDA Q/Q Growth	-12.57%	-3.10%	15.34%	14.55%	-4.54%	-0.97%	-2.93%	15.32%	-14.50%	10.73%	3.46%
EBIT Q/Q Growth	-13.69%	-4.40%	17.48%	16.53%	-6.63%	-0.82%	-3.71%	15.68%	-16.28%	11.19%	4.07%
NOPAT Q/Q Growth	0.45%	-13.35%	16.38%	17.09%	-3.81%	-3.13%	-3.06%	17.53%	-19.85%	14.66%	9.40%
Net Income Q/Q Growth	-5.34%	-6.78%	19.45%	19.33%	-0.76%	-4.39%	-2.11%	17.38%	-15.68%	12.10%	7.02%
EPS Q/Q Growth	-5.34%	-6.78%	19.45%	19.33%	-0.76%	-5.56%	-2.94%	18.18%	-12.82%	8.82%	8.11%
Operating Cash Flow Q/Q Growth	-25.04%	-0.41%	-39.57%	168.65%	-29.11%	4.65%	-56.88%	206.75%	-11.50%	9.80%	-63.07%
Free Cash Flow Firm Q/Q Growth	-213.77%	49.13%	-192.59%	25.74%	22.85%	-169.38%	-52.66%	12.98%	17.23%	61.10%	68.31%
Invested Capital Q/Q Growth	5.44%	2.22%	7.22%	-1.52%	3.82%	4.99%	8.64%	-0.94%	0.49%	2.31%	7.22%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	109.44%	41.36%	44.58%	47.31%	107.47%	85.51%	85.61%	46.62%	100.38%	87.95%	87.30%
EBITDA Margin	40.66%	38.95%	41.95%	45.00%	44.00%	42.60%	41.36%	43.17%	38.92%	40.17%	40.97%
Operating Margin	36.77%	34.87%	38.21%	41.00%	39.16%	38.75%	37.24%	38.78%	33.63%	35.43%	36.64%
EBIT Margin	36.55%	34.55%	37.90%	41.35%	39.55%	38.35%	36.94%	38.67%	34.14%	35.38%	36.30%
Profit (Net Income) Margin	29.85%	27.52%	30.70%	34.29%	34.86%	32.59%	31.91%	33.90%	30.14%	31.49%	33.23%
Tax Burden Percent	86.91%	78.52%	77.88%	79.57%	82.08%	78.56%	79.25%	80.94%	78.88%	80.03%	83.48%
Interest Burden Percent	93.99%	101.43%	103.99%	104.23%	107.39%	108.18%	109.01%	108.31%	111.92%	111.22%	109.65%
Effective Tax Rate	13.09%	21.48%	22.12%	20.43%	17.92%	21.44%	20.75%	19.06%	21.12%	19.97%	16.52%
Return on Invested Capital (ROIC)	36.55%	30.93%	32.62%	37.25%	36.17%	34.12%	31.12%	34.38%	28.97%	30.79%	31.79%
ROIC Less NNEP Spread (ROIC-NNEP)	38.37%	30.83%	31.92%	36.24%	34.71%	33.06%	29.99%	33.29%	27.63%	29.65%	30.84%
Return on Net Nonoperating Assets (RNNOA)	-9.56%	-8.21%	-8.93%	-12.27%	-12.22%	-12.18%	-10.79%	-13.49%	-11.79%	-13.05%	-13.17%
Return on Equity (ROE)	26.98%	22.73%	23.69%	24.98%	23.95%	21.94%	20.33%	20.89%	17.18%	17.74%	18.62%
Cash Return on Invested Capital (CROIC)	24.60%	25.59%	20.39%	21.85%	23.05%	21.02%	17.54%	17.89%	19.51%	21.33%	21.60%
Operating Return on Assets (OROA)	25.93%	23.56%	25.16%	26.33%	25.41%	23.71%	22.17%	22.43%	19.07%	19.06%	19.49%
Return on Assets (ROA)	21.18%	18.76%	20.37%	21.84%	22.40%	20.15%	19.15%	19.66%	16.84%	16.96%	17.84%
Return on Common Equity (ROCE)	26.98%	22.73%	23.69%	24.98%	23.95%	21.89%	20.29%	20.85%	17.15%	17.68%	18.56%
Return on Equity Simple (ROE_SIMPLE)	0.00%	22.16%	20.75%	20.63%	0.00%	20.66%	19.98%	19.35%	0.00%	17.62%	17.49%
Net Operating Profit after Tax (NOPAT)	282	245	285	333	321	311	301	354	284	325	356
NOPAT Margin	31.95%	27.38%	29.75%	32.62%	32.14%	30.44%	29.51%	31.39%	26.53%	28.36%	30.58%
Net Nonoperating Expense Percent (NNEP)	-1.82%	0.11%	0.69%	1.02%	1.45%	1.06%	1.13%	1.09%	1.34%	1.14%	0.95%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	4.44%	-	-	-	4.29%
Cost of Revenue to Revenue	-9.44%	58.64%	55.42%	52.69%	-7.47%	14.49%	14.39%	53.38%	-0.38%	12.05%	12.70%
SG&A Expenses to Revenue	6.43%	6.49%	6.37%	6.31%	6.71%	6.73%	8.26%	7.83%	8.80%	9.22%	8.54%
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	72.67%	6.49%	6.37%	6.31%	68.31%	46.76%	48.37%	7.83%	66.75%	52.52%	50.67%
Earnings before Interest and Taxes (EBIT)	323	309	363	423	395	391	377	436	365	406	422
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	359	348	401	460	439	435	422	487	416	461	477
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.58	5.64	6.09	6.74	7.05	6.50	6.80	7.28	6.69	6.28	6.72
Price to Tangible Book Value (P/TBV)	7.30	6.21	6.67	7.34	7.63	7.15	7.45	7.93	7.26	6.78	7.23
Price to Revenue (P/Rev)	8.70	7.64	8.64	10.03	10.91	10.43	11.36	12.54	11.89	11.36	12.39
Price to Earnings (P/E)	27.93	25.46	29.33	32.66	34.10	31.46	34.01	37.61	36.95	35.60	38.38
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	3.58%	3.93%	3.41%	3.06%	2.93%	3.18%	2.94%	2.66%	2.71%	2.81%	2.61%
Enterprise Value to Invested Capital (EV/IC)	8.96	7.80	8.46	10.16	10.96	10.24	10.49	11.97	11.38	10.87	11.50
Enterprise Value to Revenue (EV/Rev)	8.30	7.21	8.19	9.48	10.30	9.78	10.71	11.80	11.08	10.52	11.55
Enterprise Value to EBITDA (EV/EBITDA)	19.21	17.25	19.79	22.69	24.18	22.52	24.78	27.58	26.69	25.72	28.29
Enterprise Value to EBIT (EV/EBIT)	21.15	19.11	21.97	25.12	26.77	24.87	27.43	30.75	29.93	28.99	31.95
Enterprise Value to NOPAT (EV/NOPAT)	26.00	23.53	27.56	31.13	33.66	31.27	34.36	38.21	37.60	36.33	39.48
Enterprise Value to Operating Cash Flow (EV/OCF)	24.70	21.98	24.45	26.99	29.21	27.36	31.03	35.31	31.89	29.06	32.61
Enterprise Value to Free Cash Flow (EV/FCFF)	38.60	31.83	44.00	49.53	50.26	52.13	64.40	72.22	62.03	53.55	55.57
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	-0.25	-0.27	-0.28	-0.34	-0.35	-0.37	-0.36	-0.41	-0.43	-0.44	-0.43
Leverage Ratio	1.21	1.22	1.19	1.19	1.14	1.15	1.13	1.12	1.12	1.13	1.11
Compound Leverage Factor	1.14	1.23	1.24	1.24	1.22	1.24	1.23	1.22	1.25	1.26	1.22
Debt to Total Capital	0.04%	0.04%	0.04%	0.40%	0.18%	0.15%	0.01%	0.01%	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%	0.04%	0.40%	0.18%	0.15%	0.01%	0.01%	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%	0.00%	0.39%	0.37%	0.35%	0.33%	0.30%	0.27%
Common Equity to Total Capital	99.96%	99.96%	99.96%	99.60%	99.82%	99.46%	99.62%	99.65%	99.67%	99.70%	99.73%
Debt to EBITDA	0.00	0.00	0.00	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-0.91	-1.03	-1.09	-1.33	-1.43	-1.51	-1.52	-1.73	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.02	0.01	0.01	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-1.24	-1.40	-1.52	-1.83	-1.99	-2.10	-2.11	-2.40	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.02	0.01	0.01	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	29.04	24.45	28.80	32.20	36.08	30.12	37.51	40.79	36.64	33.61	41.11
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.22%	0.21%	0.20%	0.18%	0.34%	0.32%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.00	4.69	5.41	5.92	6.62	5.74	7.13	7.36	7.03	6.62	7.89
Quick Ratio	4.45	4.30	4.98	5.54	6.22	5.42	6.68	6.95	6.69	6.29	7.43
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-83	-42	-123	-91	-70	-190	-289	-252	-208	-81	-26
Operating Cash Flow to CapEx	309.96%	204.34%	214.18%	590.62%	228.83%	232.59%	132.74%	574.22%	320.19%	203.91%	153.26%
Free Cash Flow to Firm to Interest Expense	-30.26	0.00	0.00	0.00	-1.91	0.00	0.00	0.00	-2.04	0.00	0.00
Operating Cash Flow to Interest Expense	114.72	0.00	0.00	0.00	9.75	0.00	0.00	0.00	4.30	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	77.71	0.00	0.00	0.00	5.49	0.00	0.00	0.00	2.96	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.71	0.68	0.66	0.64	0.64	0.62	0.60	0.58	0.56	0.54	0.54
Accounts Receivable Turnover	6.61	6.02	5.26	5.87	6.04	5.77	5.04	5.49	5.70	5.60	5.21
Inventory Turnover	25.24	39.07	39.21	41.07	30.74	23.67	15.99	49.13	40.91	35.79	33.40
Fixed Asset Turnover	1.46	1.46	1.46	1.47	1.45	1.45	1.42	1.44	1.41	1.38	1.39
Accounts Payable Turnover	3.41	4.65	5.10	4.99	3.62	2.42	1.66	4.75	3.57	3.16	3.28
Days Sales Outstanding (DSO)	55.22	60.67	69.35	62.19	60.40	63.23	72.44	66.44	64.09	65.14	70.03
Days Inventory Outstanding (DIO)	14.46	9.34	9.31	8.89	11.87	15.42	22.83	7.43	8.92	10.20	10.93
Days Payable Outstanding (DPO)	107.15	78.57	71.51	73.19	100.97	150.56	219.67	76.77	102.34	115.64	111.14
Cash Conversion Cycle (CCC)	-37.48	-8.55	7.15	-2.11	-28.70	-71.91	-124.40	-2.90	-29.33	-40.30	-30.19
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,243	3,315	3,555	3,501	3,634	3,816	4,145	4,106	4,126	4,222	4,527
Invested Capital Turnover	1.14	1.13	1.10	1.14	1.13	1.12	1.05	1.10	1.09	1.09	1.04
Increase / (Decrease) in Invested Capital	365	287	407	425	391	500	590	606	492	406	381
Enterprise Value (EV)	29,064	25,844	30,067	35,583	39,848	39,068	43,487	49,152	46,959	45,906	52,043
Market Capitalization	30,446	27,381	31,726	37,675	42,201	41,664	46,130	52,217	50,357	49,580	55,817
Book Value per Share	$19.46	$20.39	$10.95	$11.73	$12.54	$6.70	$7.07	$7.46	$7.82	$8.20	$8.62
Tangible Book Value per Share	$17.54	$18.51	$9.99	$10.78	$11.58	$6.09	$6.45	$6.85	$7.21	$7.59	$8.02
Total Capital	4,628	4,855	5,216	5,615	5,998	6,446	6,813	7,197	7,549	7,920	8,324
Total Debt	2.00	1.97	1.95	22	11	9.46	0.45	0.43	0.00	0.00	0.00
Total Long-Term Debt	2.00	1.97	1.95	22	11	9.46	0.45	0.43	0.00	0.00	0.00
Net Debt	-1,382	-1,537	-1,659	-2,092	-2,353	-2,621	-2,668	-3,090	-3,422	-3,698	-3,797
Capital Expenditures (CapEx)	101	152	88	86	157	161	122	86	137	237	116
Debt-free, Cash-free Net Working Capital (DFCFNWC)	377	321	490	380	406	330	554	495	367	320	540
Debt-free Net Working Capital (DFNWC)	1,762	1,860	2,151	2,494	2,770	2,960	3,222	3,586	3,790	4,018	4,337
Net Working Capital (NWC)	1,762	1,860	2,151	2,494	2,770	2,960	3,222	3,586	3,790	4,018	4,337
Net Nonoperating Expense (NNE)	19	-1.26	-9.02	-17	-27	-22	-24	-28	-39	-36	-31
Net Nonoperating Obligations (NNO)	-1,382	-1,537	-1,659	-2,092	-2,353	-2,621	-2,668	-3,090	-3,422	-3,698	-3,797
Total Depreciation and Amortization (D&A)	36	39	39	37	44	43	45	51	51	55	54
Debt-free, Cash-free Net Working Capital to Revenue	10.78%	8.95%	13.34%	10.13%	10.49%	8.26%	13.66%	11.89%	8.67%	7.34%	11.98%
Debt-free Net Working Capital to Revenue	50.32%	51.90%	58.56%	66.42%	71.58%	74.08%	79.37%	86.08%	89.44%	92.09%	96.24%
Net Working Capital to Revenue	50.32%	51.90%	58.56%	66.42%	71.58%	74.08%	79.37%	86.08%	89.44%	92.09%	96.24%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.07	$0.26	$0.31	$0.37	$0.18	$0.35	$0.34	$0.40	$0.34	$0.38	$0.40
Adjusted Weighted Average Basic Shares Outstanding	3.80B	952.20M	952.75M	953.57M	1.91B	958.13M	960.53M	961.81M	960.74M	963.18M	964.75M
Adjusted Diluted Earnings per Share	$0.07	$0.26	$0.31	$0.36	$0.18	$0.34	$0.33	$0.39	$0.34	$0.37	$0.40
Adjusted Weighted Average Diluted Shares Outstanding	3.86B	964.34M	965.07M	967.38M	1.93B	971.68M	974.59M	976.45M	974.80M	976.51M	977.91M
Adjusted Basic & Diluted Earnings per Share	$0.07	$0.00	$0.00	$0.00	$0.18	$0.00	$0.00	$0.00	$0.34	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	952.23M	952.60M	953.19M	954.88M	1.91B	960.23M	961.46M	962.30M	963.29M	963.53M	966.09M
Normalized Net Operating Profit after Tax (NOPAT)	282	245	285	333	321	311	301	354	284	325	356
Normalized NOPAT Margin	31.95%	27.38%	29.75%	32.62%	32.14%	30.44%	29.51%	31.39%	26.53%	28.36%	30.58%
Pre Tax Income Margin	34.35%	35.05%	39.42%	43.10%	42.47%	41.48%	40.26%	41.88%	38.21%	39.35%	39.80%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	118.40	0.00	0.00	0.00	10.73	0.00	0.00	0.00	3.57	0.00	0.00
NOPAT to Interest Expense	103.51	0.00	0.00	0.00	8.72	0.00	0.00	0.00	2.78	0.00	0.00
EBIT Less CapEx to Interest Expense	81.39	0.00	0.00	0.00	6.47	0.00	0.00	0.00	2.23	0.00	0.00
NOPAT Less CapEx to Interest Expense	66.50	0.00	0.00	0.00	4.46	0.00	0.00	0.00	1.43	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 steady financial growth over the past four years, with consistent increases in revenue, net income, and equity reflecting strong operational performance and effective capital management.

Revenue Growth: Operating revenue increased from approximately $893 million in Q1 2023 to about $1.16 billion in Q2 2025, reflecting robust top-line growth.
Net Income Growth: Net income rose from $245.8 million in Q1 2023 to $386.5 million in Q2 2025, showing a significant improvement in profitability.
Consistent Earnings per Share (EPS) Increase: Diluted EPS grew from $0.25 in Q1 2023 to $0.40 in Q2 2025, indicating value creation for shareholders.
Strong Gross Profit Margins: Gross profit remained healthy, with $1.01 billion in Q2 2025 compared to $872 million in Q1 2023, supporting overall profitability.
Growing Equity Base: Total common equity increased from roughly $4.85 billion in Q1 2023 to $8.3 billion in Q2 2025, indicating retained earnings accumulation and financial strength.
Operating Cash Flow Stability: Net cash from continuing operating activities showed resilience, maintaining positive inflows, such as $178 million in Q2 2025 and $375 million in Q1 2023, crucial for funding investments and operations.
Moderate Increase in Operating Expenses: Despite revenue growth, selling, general & admin expenses grew moderately, indicating operational efficiency.
Investments and Capital Expenditures: Significant investments in property, plant, and equipment (e.g., $116 million in Q2 2025) and substantial purchase of investments impact cash flow and suggest efforts toward expansion or upgrading assets.
Changes in Working Capital: Negative cash impact from changes in operating assets and liabilities (e.g., -$271 million in Q2 2025) suggests working capital management challenges or growth-related inventory/accounts receivable changes.
Volatility in Other Operating Expenses: Other operating expenses are high (e.g., $490 million in Q2 2025), which may pressure operating income if not carefully managed.

Summary: Over the last four years, Copart has demonstrated strong revenue and earnings growth, supported by expanding shareholder equity and consistent cash flow generation from operations. The company has efficiently managed expenses relative to revenue growth, leading to substantial EPS improvements. Investments in assets suggest a focus on future growth, although the significant “other operating expenses” line item warrants monitoring for potential impact on margins. Changes in working capital have caused fluctuations in cash flow, which may reflect growth phase operational adjustments.

08/02/25 05:26 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Copart's Financials

When does Copart's fiscal year end?

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

How has Copart's net income changed over the last 9 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 $219.78 million in 2015. The previous period was $1.24 billion in 2023. View Copart's forecast to see where analysts expect Copart to go next.

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 9 years?

Over the last 9 years, Copart's total revenue changed from $1.15 billion in 2015 to $4.24 billion in 2024, a change of 269.7%.

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 5.4% increase since 2015.

How much cash does Copart have?

In the past 9 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 9 years?

Over the last 9 years, Copart's book value per share changed from 7.62 in 2015 to 7.82 in 2024, a change of 2.6%.

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This page (NASDAQ:CPRT) was last updated on 8/2/2025 by MarketBeat.com Staff

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Copart (CPRT) Financials

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Copart (CPRT) Financials

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