Copart (CPRT) financial statements
Copart reported revenue of $4.7B in fiscal 2026, up 13.9% a year over 9 years.
Net income was $1.5B and the operating margin 35.4%, against 31.9% in 2017.
Free cash flow was $1.3B, and the company returned $1.6B in net buybacks.
The diluted share count fell 75% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Copart's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.8B | $2.0B | $2.2B | $2.7B | $3.5B | $3.9B | $4.2B | $4.6B | $4.7B |
| Cost of revenue | $138M | $196M | $256M | — | — | — | — | — | — | — |
| Gross profit | $1.3B | $1.6B | $1.8B | — | — | — | — | — | — | — |
| Selling, general and admin | $151M | $177M | $182M | $192M | $207M | $231M | $250M | $335M | $403M | $431M |
| Operating income | $461M | $584M | $716M | $816M | $1.1B | $1.4B | $1.5B | $1.6B | $1.7B | $1.7B |
| Interest expense | $24M | $20M | $20M | $20M | — | — | — | — | — | — |
| Pre-tax income | $440M | $563M | $705M | $801M | $1.1B | $1.3B | $1.6B | $1.7B | $1.9B | $1.8B |
| Income tax | $46M | $145M | $113M | $101M | $185M | $251M | $317M | $352M | $347M | $355M |
| Net income | $394M | $418M | $592M | $700M | $936M | $1.1B | $1.2B | $1.4B | $1.6B | $1.5B |
| EPS (diluted) | $0.10 | $0.11 | $0.15 | $0.18 | $0.97 | $1.13 | $1.28 | $1.40 | $1.59 | $1.55 |
| Diluted shares | 3.79B | 3.87B | 3.85B | 3.82B | 961M | 965M | 967M | 975M | 978M | 957M |
| 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% |
| Net margin | 27.2% | 23.1% | 29.0% | 31.7% | 34.8% | 31.1% | 32.0% | 32.2% | 33.4% | 31.8% |
Balance sheet
Fiscal years, from Copart's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $210M | $275M | $186M | $478M | $1.0B | $1.4B | $957M | $1.5B | $2.8B | $1.9B |
| Receivables | $312M | $352M | $367M | $350M | $481M | $579M | $702M | $786M | $763M | $809M |
| Inventory | $10M | $17M | $21M | $20M | $45M | $59M | $40M | $44M | $40M | $51M |
| Total current assets | $587M | $709M | $687M | $964M | $1.7B | $2.2B | $3.3B | $4.4B | $5.8B | $5.6B |
| Property, plant and equipment | $944M | $1.2B | $1.4B | $1.9B | $2.3B | $2.5B | $2.8B | $3.2B | $3.6B | $3.7B |
| Goodwill | $340M | $337M | $333M | $344M | $356M | $402M | $394M | $514M | $518M | $511M |
| Total assets | $2.0B | $2.3B | $2.5B | $3.5B | $4.6B | $5.3B | $6.7B | $8.4B | $10.1B | $10.0B |
| Total current liabilities | $302M | $277M | $282M | $356M | $421M | $441M | $493M | $629M | $683M | $704M |
| Long-term debt | $551M | $399M | $400M | $397M | $398M | $2M | $11M | $0 | — | — |
| 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 |
| Net debt | $341M | $124M | $214M | -$81M | -$651M | -$1.4B | -$946M | -$1.5B | -$2.8B | -$1.9B |
Cash flow
Fiscal years, from Copart's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $492M | $535M | $647M | $918M | $991M | $1.2B | $1.4B | $1.5B | $1.8B | $1.6B |
| Capital spending | $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 |
| Stock-based compensation | $21M | $23M | $23M | $23M | $41M | $39M | $40M | $35M | $38M | $39M |
| Share buybacks (net) | $0 | $0 | -$365M | $0 | $0 | — | — | $0 | $0 | -$1.6B |
| Net borrowing | $0 | $0 | — | $0 | $0 | -$417M | $0 | $0 | — | — |
| Free cash flow margin | 22.1% | 13.7% | 13.4% | 14.8% | 19.6% | 24.0% | 21.9% | 22.7% | 26.5% | 27.2% |
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Open CPRT in InvestinglyQuestions
What was Copart's revenue in 2026?
$4.7B in fiscal 2026, from its 10-K filing.
How much free cash flow does Copart generate?
$1.3B in fiscal 2026 (operating cash flow minus capital spending).
From Copart's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.