COPART INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data COPART INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	1,448	1,806	2,042	2,206	2,693	3,501	3,870	4,237	4,647	4,666
Cost of revenue	138	196	256
Gross profit	1,310	1,609	1,786
General and administrative	151	177	182	192	207	231	250	335	403	431
Operating income	461	584	716	816	1,136	1,375	1,487	1,572	1,697	1,653
Interest expense	23.8	20.4	19.8	20.2
Interest income	1.41	1.29	2.23	1.36
Other non-operating income	-21.2	-21.8	-11.5	-15.3	-14.6	-34	67.8	143	199	182
Pre-tax income	440	563	705	801	1,122	1,341	1,554	1,715	1,896	1,835
Income tax	45.8	145	113	101	185	251	317	352	347	355
Net income to minority interests	0.03	0.14	0	0		0	0	-0.67	-4.09	-3.87
Net income	394	418	592	700	936	1,090	1,238	1,363	1,552	1,484
EBITDA	518	663	801	917	1,258	1,513	1,646	1,762	1,913	1,882
EPS, basic	0.43	0.45	0.64	0.75	0.99	1.15	1.30	1.42	1.61	1.56
EPS, diluted	0.41	0.43	0.61	0.73	0.97	1.13	1.28	1.40	1.59	1.55
Shares, basic (weighted)	919	932	927	938	945	950	954	961	965	950
Shares, diluted (weighted)	953	972	967	960	961	965	967	975	978	957

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	210	275	186	478	1,048	1,384	957	1,514	2,781	1,908
Receivables	312	352	367	350	481	579	702	786	763	809
Inventory	10.2	16.7	20.9	20.1	45	58.8	40	43.6	39.7	51.4
Other current assets	17.6	16.7	16.6	15.3	14.3	18.7	26.3	33.9	46.4	45
Total current assets	587	709	687	964	1,703	2,202	3,263	4,418	5,755	5,568
Property, plant and equipment	944	1,163	1,428	1,942	2,297	2,486	2,844	3,176	3,598	3,733
Lease right-of-use assets			0	118	119	116	108	116	99.7	83.7
Goodwill	340	337	333	344	356	402	394	514	518	511
Intangible assets	75.9	64.9	55.2	47.8	45.9	54.7	62.7	74.1	62.8	50.5
Other non-current assets	33.7	32.6	43.8	39.9	41.8	47.7	65.8	129	57.9	80.9
Total assets	1,983	2,308	2,548	3,455	4,562	5,309	6,738	8,428	10,091	10,028
Accounts payable	20.6	65.1	45.5	40.9	39.6	54.9	36.3	23.9	29.7	28.7
Deferred revenue	5.02	4.49	6.47	8.23	21	20.1	26.1	28.1	30.4	32.5
Short-term debt	82.2	1.15	1.14	0.75
Total current liabilities	302	277	282	356	421	441	493	629	683	704
Long-term debt	551	399	400	397	398	2	10.9	0
Lease liabilities			0	95.6	97.9	95.7	88.1	97.4	81.2	70.5
Other non-current liabilities	3.1	3.59	3.34	0.43
Total liabilities	884	727	769	966	1,033	683	750	879	883	914
Total debt	631	400	400	400	400	0	11	0
Paid-in capital	453	527	573	673	762	839	939	1,121	1,214	1,226
Retained earnings	745	1,162	1,338	1,938	2,868	3,956	5,189	6,546	8,093	7,981
Other comprehensive income	-101	-108	-133	-121	-101	-169	-141	-143	-120	-110
Shareholders' equity	1,099	1,581	1,778	2,490	3,529	4,626	5,987
Minority interests	0.53	0
Total equity	1,099	1,581	1,778	2,490	3,529	4,626	5,987	7,524	9,187	9,097
Total liabilities and equity	1,983	2,308	2,548	3,455	4,562	5,309	6,738	8,428	10,091	10,028
Shares outstanding	927	940	924	946	237	952	957	963	967	926

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	394	418	592	700	936	1,090	1,238	1,362	1,548	1,480
Depreciation and amortization	57	78.6	84.9	101	122	138	159	190	216	229
Stock-based compensation	20.8	23.2	23.4	23.3	40.9	39	39.7	35.2	38	38.8
Deferred income tax	19.9	16.7	23.2	23.1	-7.95	17	9.95	-0.85	-13.4	47.4
Change in receivables	-38.5	-40.3	-60.8	16	-128	-97.8	-123	-145	-34	-80.6
Change in inventory	1.29	-3.96	-4.72	1.35	-24.6	-10.9	26.5	-3.7	4.66	-11.4
Change in payables	4.27	53.3	11.1	41.6	44.6	36.3	18	59.5	69.6	32.5
Cash from operations	492	535	647	918	991	1,177	1,364	1,473	1,800	1,604
Capital expenditures	-172	-288	-374	-592	-463	-337	-517	-511	-569	-337
Acquisitions	-161	-8.79	-0.75	-11.7	-5	-107	0	17.7	-1.22	-5
Cash from investing	-336	-288	-356	-601	-465	-442	-1,892	-940	-587	-878
Debt issued	0	0
Debt repaid	0	0		0	0	-417	0	0
Stock issued	31.2	44.5	34.4	71.6	39	28.1	49.7	24.3	42.8	16.7
Share buybacks	0	0	-365	0	0			0	0	-1,633
Cash from financing	-107	-182	-370	-27.4	40.9	-383	66.6	19.3	52.1	-1,607
Exchange rate effect				2.14	4.2	-15.7	34.4	4.96	2.01	7.33
Net change in cash	54.3	64.4	-88.2	291	571	336	-427	557	1,266	-873
Free cash flow	320	247	273	326	528	839	848	962	1,231	1,267
Interest paid	23.2	20.3	19.3	19.7	19.7	18.5	2.61	3.13	2.02	1.87
Income taxes paid	14	142	82.4	83.8	178	263	258	286	409	398

Key metrics

Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $27.65 on October 5, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	35.4%	Operating income / revenue.
EBITDA margin	40.3%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	39.3%	Pre-tax income / revenue.
Net margin	31.8%	Net income / revenue.
FCF margin	27.2%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	34.4%	Cash from operations / revenue.
Effective tax rate	19.3%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	14.8%	Net income / average total assets.
Stock-based pay / revenue	0.8%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	7.2%	Capital expenditures / revenue.
D&A / revenue	4.9%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	0.4%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	6.4%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	11.6%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-2.6%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	3.6%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	7.8%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-1.6%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	4.6%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	8.4%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-4.4%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	6.2%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	9.6%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-2.5%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	6.6%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	9.8%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-10.8%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	5.6%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	10.1%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	3.0%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	14.3%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	19.1%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-0.6%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	14.2%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	17.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-2.1%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.1%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	7.91x	Current assets / current liabilities.
Quick ratio	3.86x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	2.71x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	9.1%	Total liabilities / total assets.
Working capital	$4.86B	Current assets - current liabilities.
Goodwill and intangibles / assets	5.6%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.46x	Revenue / average total assets.
Fixed asset turnover	1.27x	Revenue / average property, plant and equipment.
Receivables turnover	5.94x	Revenue / average receivables.
Days sales outstanding	61 days	365 x average receivables / revenue.
FCF conversion	85.4%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	21.0%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.55	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$1.56	Net income per basic share, as reported (split-adjusted).
Revenue per share	$4.88	Revenue / diluted weighted shares.
FCF per share	$1.32	Free cash flow / diluted weighted shares.
Operating cash flow per share	$1.68	Cash from operations / diluted weighted shares.
Cash per share	$2.06	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	128.8%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$25.60B	Share price x shares outstanding.
Enterprise value	$23.69B	Market cap + total debt - cash - short-term investments.
P/E	17.2x	Market cap / net income. Only when net income is positive.
P/S	5.49x	Market cap / revenue.
P/FCF	20.2x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	16.0x	Market cap / cash from operations, when positive.
EV/Sales	5.08x	Enterprise value / revenue.
EV/EBIT	14.3x	Enterprise value / operating income, when both are positive.
EV/EBITDA	12.6x	Enterprise value / EBITDA, when both are positive.
EV/FCF	18.7x	Enterprise value / free cash flow, when both are positive.
FCF yield	4.9%	Free cash flow / market cap.
Earnings yield	5.8%	Net income / market cap (the inverse of P/E).
Shareholder yield	6.4%	(Dividends paid + share buybacks) / market cap.
PEG	2.62x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was COPART INC's revenue in fiscal 2026?

COPART INC reported revenue of $4.67B for fiscal 2026, 0.4% higher than the year before.

Was COPART INC profitable in fiscal 2026?

Yes. Net income was $1.48B, a net margin of 31.8%.

How much free cash flow did COPART INC generate in fiscal 2026?

Cash from operations of $1.60B minus capital expenditures of $337.4M left free cash flow of $1.27B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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