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Copart key statistics and ratios

In fiscal 2026, Copart had return on equity of 16.2% and a net margin of 31.8%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2010Jul 20102011Jul 20112012Jul 20122013Jul 20132014Jul 20142015Jul 20152016Jul 20162017Jul 20172018Jul 20182019Jul 20192020Jul 20202021Jul 20212022Jul 20222023Jul 20232024Jul 20242025Jul 20252026Jul 2026
Net margin19.6%19.1%19.7%17.2%15.4%19.2%21.3%27.2%23.1%29.0%31.7%34.8%31.1%32.0%32.2%33.4%31.8%
Return on equity13.9%20.3%32.6%27.2%20.2%22.3%31.1%42.1%77.7%67.4%32.8%31.1%26.7%23.3%20.2%18.6%16.2%
Return on assets12.3%14.4%16.3%14.5%12.6%13.3%15.7%21.7%19.5%24.4%23.3%23.4%22.1%20.5%18.0%16.8%14.8%
Effective tax rate36.7%36.9%34.5%35.0%33.8%33.8%31.7%10.4%25.7%16.1%12.6%16.5%18.7%20.4%20.5%18.3%19.3%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 2 checks passed · July 31, 2026
What it owns · $10.0bn
Short-term assets $5.6bnLonger-term assets $4.5bn
What it owes, and who funded it · $10.0bn
Short-term liabilities $704mLonger-term liabilities $210mShareholders' equity $9.1bn
  • Short-term assets cover short-term liabilities $5.6bn of assets due within a year against $704m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $5.6bn short-term assets against $210m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Copart's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

90 /100

Strong moat

How hard Copart's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 19.1% of total assets over 10 years.

  • Pricing power 15 / 20

    Gross margin has been a median 42.6%, moving by 1.7 percentage points (standard deviation) across 8 years.

  • Durability 20 / 20

    Operating margin has been a median 36.8%; its worst year was 31.9%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 21.7% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 75.1% over five years; stock-based pay has been a median 1.1% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (95 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: CPRT vs RBABCO vs CPRTCPRT vs RTO

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Figures from Copart's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Copart.