Copart (CPRT) FY2024 results: revenue $4.2 billion, up 9.5% on the year
Copart Inc. (CPRT) reported revenue of $4.2 billion for fiscal 2024, the year ended 31 July 2024, up 9.5% on the year before. Net income was $1.4 billion, up 10.1%, and diluted earnings per share $1.40. The figures are the company's own, from the 10-K it filed with the SEC on 30 September 2024.
Revenue
$4.2 billion
+9.5% on the year
FY2017FY2024
Operating margin
37.1%
38.4% a year earlier
FY2017FY2024
Net income
$1.4 billion
+10.1% on the year
FY2017FY2024
Diluted EPS
$1.40
+9.4% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,473
1,364
1,177
+7.9%
Capital expenditure
511
517
337
-1.1%
Free cash flow
962
848
839
+13.5%
Free cash flow margin
22.7%
21.9%
24.0%
Cash from investing
-940
-1,892
-442
Cash from financing
19.3
66.6
-383
-71.1%
Depreciation and amortisation
190
159
138
+19.0%
Share-based compensation
35.2
39.7
39.0
-11.2%
Buybacks
0.0
n/a
n/a
Diluted shares, weighted
975m
967m
965m
+0.8%
Shares outstanding at period end
963m
957m
952m
+0.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
7,524
5,987
4,626
+25.7%
Redeemable equity
24.5
0.0
0.0
Debt
0.0
11.0
2.0
Operating lease liabilities
97.4
88.1
95.7
+10.6%
Finance lease liabilities
0.0
0.0
0.0
Other liabilities
782
651
586
+20.0%
Total liabilities and equity
8,428
6,738
5,309
+25.1%
Fixed assets
3,176
2,844
2,486
+11.7%
Goodwill
514
394
402
+30.3%
Intangible assets
74.1
62.7
54.7
+18.2%
Securities held for sale or to maturity
1,908
1,407
0.0
+35.7%
Cash and equivalents
1,514
957
1,384
+58.1%
Receivables
786
702
579
+11.9%
Inventory
43.6
40.0
58.8
+9.2%
Other assets
412
331
345
+24.7%
Total assets
8,428
6,738
5,309
+25.1%
10-K for the year ended 31 July 2024, filed 30 September 2024: the filing.