CPRT COPART INC

Overview and Growth

COPART INC generated $4.67B of revenue in fiscal 2026, with net income of $1.48B and an operating cash inflow of $1.60B. At $4.67B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $4.65B in fiscal 2025, revenue recorded a 0.4% year-over-year increase. Diluted earnings per share were $1.55, translating the period’s attributable earnings into the amount reported for each diluted share. Against diluted EPS of $1.59 in fiscal 2025, the current result was 2.5% lower. The company employed $10.03B of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.47x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The reported operating result was $1.65B, capturing profitability after direct costs and the operating expenses reflected in the statements. The operating result equaled 35.4% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. The bottom-line result was net income of $1.48B, after the operating, financing, tax, and other items recognized for the period. Net margin was 31.8%, meaning that this portion of revenue remained as net income after all recognized expenses. The earnings statement records $1.83B of pretax income, the profit base against which the reported tax provision can be assessed. Pretax income represented 39.3% of revenue, placing earnings before tax in the context of the company’s operating scale. Income tax expense totaled $354.58M, providing the reported tax component that separates pretax and after-tax earnings. Relative to pretax income, the tax provision measured 19.3%, quantifying the portion of pre-tax earnings paid in income tax. Net income equaled 16.3% of period-end equity, showing the earnings generated on shareholders’ book capital. Net income represented 14.8% of period-end assets, placing the company’s bottom-line result against the total resource base employed.

Liquidity and Capital Structure

At period end, the $10.03B asset base was financed through $913.93M of liabilities and $9.10B of equity. Current assets were $5.57B against $703.74M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 7.91x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $1.91B in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 271.1% of current liabilities, showing how much near-term coverage came from cash alone. Liabilities represented 9.1% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 19.0%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 0.6% lower than fiscal 2025 assets of $10.09B, measuring the company’s own balance-sheet change. Book equity was 1.0% lower than fiscal 2025 equity of $9.19B, showing how shareholder capital changed year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $1.60B, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Against net income, operating cash flow measured 1.08x, showing the relationship between accrual earnings and operating cash. Capital spending was $337.36M, absorbing part of the cash generated from operations before free cash flow. Capital spending absorbed 21.0% of operating cash flow, quantifying the share of cash from operations directed to investment. After capital spending, free cash flow was $1.27B, leaving cash available for debt reduction, shareholder returns, or further investment. Relative to revenue, free cash flow equaled 27.2%, showing how much sales converted into cash after investment. Measured against total assets, free cash flow represented 12.6%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Jul 31, 2026. Analysis generated Oct 21, 2026.