What is the primary revenue source for Copart (CPRT)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze CPRT's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Copart's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Copart Makes Money: CPRT Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Watch

Revenue was roughly flat year over year while operating profit declined, pressuring profitability.

The largest revenue segment accounts for 85.38% of revenue, indicating concentration.

Revenue: USD 2.28B
Largest revenue segment share (Service): 85.38%
Income tax expense: USD 176.00M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Income tax expenseIncome tax expense · IncomeTaxExpenseBenefit
Largest revenue segment share (Service)Service · segment_value / revenue * 100
RevenueTotal service revenues and vehicle sales · RevenueFromContractWithCustomerIncludingAssessedTax

Assets

Where is the money tied up, and how is the company financed?

Neutral

Liabilities and shareholder equity jointly fund the asset base, with a broadly stable mix.

Cash and cash equivalents: USD 5.10B
Property, plant and equipment: USD 3.69B
Accounts receivable: USD 861.63M
Total liabilities: USD 787.73M
Shareholder equity: USD 9.79B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Property, plant and equipmentProperty, plant and equipment, net · PropertyPlantAndEquipmentNet
Shareholder equityEquity, including portion attributable to noncontrolling interest · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilitiesLiabilities · Liabilities
Accounts receivableAccounts receivable, after allowance for credit loss, current · AccountsReceivableNetCurrent
Cash and cash equivalentsCash, cash equivalents, restricted cash, and restricted cash equivalents · CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 87.85% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 754.45M
Operating cash flow: USD 662.75M
Cash conversion: 87.85%
Free cash flow: USD 485.09M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet income attributable to copart, inc. · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Steady

Dividends and net buybacks are covered by free cash flow, so cash genuinely reached shareholders.

Share repurchases: USD 218.18M
Stock issuance proceeds: USD 9.08M
Net shareholder return: USD 209.11M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)
Stock issuance proceedsProceeds from stock options exercised · ProceedsFromStockOptionsExercised · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?