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Copart

CPRT Nasdaq Diversified Support Services Financials FY2017–FY2026

Copart's revenue rose 0.4% to $4.7 billion in fiscal 2026. Its operating margin was 35.4%, down from 36.5% a year earlier. Free cash flow was $1.3 billion, up 3.0%. It paid out $1.6 billion in dividends and buybacks, 129% of free cash flow. The diluted share count fell 2.1%.

Last close · Oct 23, 2026

$29.00

0.3%
Value it Compare
Revenue Total sales reported in the income statement.
$4.7B
0.4% vs prior year
Operating margin Operating income as a share of revenue.
35.4%
1.1 pts
Net income Profit after all expenses, interest and tax.
$1.5B
4.4%
Free cash flow Cash from operations minus capital spending.
$1.3B
3.0%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
19.6%
2.7 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$27.8B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
18.7x

About these figures. Share counts and per-share figures for earlier years are restated for a stock split (4-for-1), so every year is on today's share basis.

What Copart does

No business description yet.

Legal name
COPART, INC.
Fiscal year ends
July 31, 2026
Latest annual report
—
Accession · CIK
0001193125-26-405731
0000900075

Revenue and margins

Copart had $4.7B of revenue in fiscal 2026, up 0.4% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2017 to 2026, diluted EPS grew 15.9% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $1.3B in fiscal 2026, 27.2% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Copart returned $1.6B to shareholders in fiscal 2026, 129% of free cash flow. The diluted share count fell 2.1%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Copart yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of $1.9B and divides by 956.9M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 18.7x · peers 21.5x · sector 26.0x.

Balance sheet

Cash, debt and the ratios that show how comfortably Copart can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $1.4B$957M$1.5B$2.8B$1.9B
Debt incl. finance leases $0.0M$11.0M$0.0M$2.7M$2.7M
Net debt / EBITDA −0.9x−0.6x−0.9x−1.5x−1.0x
Debt / equity 0.0x0.0x0.0x0.0x0.0x
Interest coverage 74.2x568.7x502.7x840.4x885.6x
Current ratio 5.0x6.6x7.0x8.4x7.9x
Quick ratio 4.9x6.5x7.0x8.4x7.8x
Total assets $5.3B$6.7B$8.4B$10.1B$10.0B
Total liabilities $683M$750M$879M$883M$914M
Shareholders' equity $4.6B$6.0B$7.5B$9.2B$9.1B
Net debt (− = net cash) −$1.4B−$946M−$1.5B−$2.8B−$1.9B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$9.4M

4 insiders

Of sales under plans

29%

$2.7M

DateInsiderTradeSharesPriceValueFiling
Oct 15, 2026 Diane M MorefieldDirector Sold 20,000 $27.66 $0.6M Form 4
Jul 28, 2026 Jeffrey LiawChief Executive Officer Sold plan 27,745 $30.49 $0.8M Form 4
Jul 13, 2026 Daniel J EnglanderDirector Sold 80,000 $27.55 $2.2M Form 4
Apr 15, 2026 Jeffrey LiawChief Executive Officer Sold plan 26,213 $33.18 $0.9M Form 4
Jan 15, 2026 Jeffrey LiawChief Executive Officer Sold plan 25,137 $40.17 $1.0M Form 4
Nov 25, 2025 Thomas N TryforosDirector Sold 100,000 $39.07 $3.9M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✕ ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✕ ✕
Current ratio rose ✓ ✓ ✕
Share count didn't rise ✕ ✕ ✓
Gross margin rose — — —
Revenue rose relative to assets ✕ ✕ ✕
F-score 5 / 84 / 84 / 8
Accruals ratio −1.4%−2.7%−1.2%
Altman Z'' 15.7217.9617.34

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Copart CPRT $27.8B 0.4% 35.4% 27.2% 19.6% 18.7x 4
RB Global RBA $15.7B 7.2% 15.5% 15.7% 7.6% 36.3x 6 Compare →
Science Applications Intl SAIC $6.2B −2.9% 7.2% 8.0% 12.8% 17.0x 7 Compare →
KBR KBR $5.0B 1.0% 10.0% 6.6% 15.8% 11.8x 7 Compare →
CACI International CACI $14.1B 10.9% 9.6% 8.2% 8.8% 26.0x 5 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $1.4B $1.8B $2.0B $2.2B $2.7B $3.5B $3.9B $4.2B $4.6B $4.7B
Gross profit $1.3B $1.6B $1.8B — — — — — — —
Operating income $461M $584M $717M $816M $1.1B $1.4B $1.5B $1.6B $1.7B $1.7B
Interest expense $23.8M $20.4M $19.8M $20.2M $19.7M $18.5M $2.6M $3.1M $2.0M $1.9M
Pretax income $440M $563M $705M $801M $1.1B $1.3B $1.6B $1.7B $1.9B $1.8B
Income tax $45.8M $145M $113M $101M $185M $251M $317M $352M $347M $355M
Net income $394M $418M $592M $700M $937M $1.1B $1.2B $1.4B $1.6B $1.5B
Diluted EPS $0.41 $0.43 $0.61 $0.73 $0.97 $1.13 $1.28 $1.40 $1.59 $1.55
Diluted shares 0.95B 0.97B 0.96B 0.95B 0.96B 0.96B 0.97B 0.97B 0.98B 0.96B
Cash flow
Cash from operations $492M $535M $647M $918M $991M $1.2B $1.4B $1.5B $1.8B $1.6B
Capital expenditure $172M $288M $374M $592M $463M $337M $517M $511M $569M $337M
Free cash flow $320M $247M $273M $326M $528M $839M $848M $962M $1.2B $1.3B
Depreciation and amortization $57.0M $78.6M $84.9M $101M $122M $138M $160M $190M $216M $229M
Stock-based compensation $20.8M $23.2M $23.4M $23.3M $40.9M $39.0M $39.7M $35.2M $38.0M $38.8M
Acquisitions $161M $8.8M $0.7M $11.7M $5.0M $107M $0.0M $17.7M $1.2M $5.0M
Share buybacks $0.0M $0.0M $365M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $1.6B
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $0.0M $0.0M $365M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $1.6B
Balance sheet
Cash and short-term investments $210M $275M $186M $478M $1.0B $1.4B $957M $1.5B $2.8B $1.9B
Total debt $631M $400M $400M $400M $400M $0.0M $11.0M $0.0M $0.0M $0.0M
Finance lease liabilities $0.0M $0.0M $0.0M $1.3M $0.6M $0.0M $0.0M $0.0M $2.7M $2.7M
Current assets $587M $709M $687M $964M $1.7B $2.2B $3.3B $4.4B $5.8B $5.6B
Current liabilities $302M $277M $282M $356M $421M $441M $493M $629M $683M $704M
Inventory $10.2M $16.7M $20.9M $20.1M $45.0M $58.8M $40.0M $43.6M $39.7M $51.4M
Property and equipment, net $944M $1.2B $1.4B $1.9B $2.3B $2.5B $2.8B $3.2B $3.6B $3.7B
Total assets $2.0B $2.3B $2.5B $3.5B $4.6B $5.3B $6.7B $8.4B $10.1B $10.0B
Total liabilities $884M $727M $769M $966M $1.0B $683M $750M $879M $883M $914M
Shareholders' equity $1.1B $1.6B $1.8B $2.5B $3.5B $4.6B $6.0B $7.5B $9.2B $9.1B
Margins
Gross margin 90.5% 89.1% 87.5% — — — — — — —
Operating margin 31.9% 32.4% 35.1% 37.0% 42.2% 39.3% 38.4% 37.1% 36.5% 35.4%
EBITDA margin 35.8% 36.7% 39.3% 41.6% 46.7% 43.2% 42.5% 41.6% 41.2% 40.3%
Net margin 27.2% 23.1% 29.0% 31.7% 34.8% 31.1% 32.0% 32.2% 33.4% 31.8%
FCF margin 22.1% 13.7% 13.4% 14.8% 19.6% 24.0% 21.9% 22.7% 26.5% 27.2%
Returns
Return on capital 29.8% 26.9% 32.5% 32.4% 35.8% 36.5% 28.6% 22.6% 22.3% 19.6%
Return on capital employed 30.2% 31.5% 33.4% 30.4% 31.4% 30.5% 26.8% 22.4% 19.7% 17.6%
Return on equity 42.1% 31.2% 35.2% 32.8% 31.1% 26.7% 23.3% 20.2% 18.6% 16.2%
Return on assets 21.7% 19.5% 24.4% 23.3% 23.4% 22.1% 20.6% 18.0% 16.8% 14.8%
Growth
Revenue growth 14.2% 24.7% 13.1% 8.0% 22.1% 30.0% 10.5% 9.5% 9.7% 0.4%
Net income growth 45.8% 6.0% 41.6% 18.3% 33.8% 16.4% 13.5% 10.1% 13.9% −4.4%
EPS growth 49.6% 4.2% 42.2% 19.1% 32.4% 16.5% 13.3% 9.4% 13.6% −2.5%
FCF growth 101.7% −22.7% 10.4% 19.5% 62.0% 59.0% 1.0% 13.5% 28.0% 3.0%
Share count change −3.0% 2.1% −0.6% −0.8% 0.7% 0.4% 0.2% 0.8% 0.3% −2.1%
Financial health
Net debt / EBITDA 0.8x 0.2x 0.3x −0.1x −0.5x −0.9x −0.6x −0.9x −1.5x −1.0x
Debt / equity 0.6x 0.3x 0.2x 0.2x 0.1x 0.0x 0.0x 0.0x 0.0x 0.0x
Interest coverage 19.4x 28.7x 36.2x 40.3x 57.6x 74.2x 568.7x 502.7x 840.4x 885.6x
Current ratio 1.9x 2.6x 2.4x 2.7x 4.0x 5.0x 6.6x 7.0x 8.4x 7.9x
Quick ratio 1.9x 2.5x 2.4x 2.7x 3.9x 4.9x 6.5x 7.0x 8.4x 7.8x
Capital allocation
Capex / revenue 11.9% 15.9% 18.3% 26.8% 17.2% 9.6% 13.4% 12.1% 12.2% 7.2%
Stock comp / revenue 1.4% 1.3% 1.2% 1.1% 1.5% 1.1% 1.0% 0.8% 0.8% 0.8%
Payouts / FCF 0.0% 0.0% 133.8% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 128.8%
Quality scores
Piotroski F-score 9.0 6.0 6.0 7.0 5.0 5.0 4.0 5.0 4.0 4.0
Altman Z'' 5.0 6.9 7.1 7.3 9.2 13.5 15.1 15.7 18.0 17.3
Accruals ratio −5.4% −5.5% −2.3% −7.3% −1.4% −1.8% −2.1% −1.4% −2.7% −1.2%

Source: SEC EDGAR XBRL filings (CIK 0000900075). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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