Copart, Inc. (CPRT) Cash Flow Statement
Where CPRT’s cash came from and went, FY2026
July 31, 2026 · U.S. dollars- Cash from operations
- $1.60B −10.8% vs FY2025
- Capital expenditures
- $337.4M 7.2% of revenue
- Free cash flow
- $1.27B 27.2% margin
- Returned to shareholders
- $1.63B 129% of free cash flow
- Change in cash
- −$872.6M cash at year-end $1.91B
Cash from operations
$1.60B
Capital expenditures
−$337.4M
Acquisitions & other
−$540.2M
Share buybacks (net)
−$1.63B
Other financing
+$25.7M
Currency & other
+$7.3M
Change in cash
−$872.6M
Drawn to scale: where the cash came from and how it was used. Hover for values.
CPRT operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
CPRT cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $492.1MFY2017 | $1.60BFY2026 | +14.0%/yr | |
| Capital expenditures | $172.2MFY2017 | $337.4MFY2026 | +7.8%/yr | |
| Free cash flow | $319.9MFY2017 | $1.27BFY2026 | +16.5%/yr | |
| Free cash flow margin | 22.1%FY2017 | 27.2%FY2026 | +5.1 pts | |
| Operating cash flow / net income | 1.25FY2017 | 1.08FY2026 | −0.16 | |
| Stock-based compensation | $20.8MFY2017 | $38.8MFY2026 | +7.2%/yr | |
| Dividends paid | $0FY2017 | $4.7MFY2023 | — | |
| Share buybacks (net) | $135.4MFY2017 | $1.63BFY2026 | +31.9%/yr | |
| Capex / revenue | 11.9%FY2017 | 7.2%FY2026 | −4.7 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CPRT cash flow by activity
OperatingInvestingFinancingChange in cash
CPRT net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
CPRT cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $1.48B | $1.55B | $1.36B | $1.24B | $1.09B | $936.5M | $699.9M | $591.7M | $418.0M | $394.3M |
| Depreciation & amortization | $229.5M | $215.8M | $190.3M | $159.7M | $138.6M | $123.1M | $104.3M | $85.3M | $79.0M | $57.4M |
| Stock-based compensation | $38.8M | $38.0M | $35.2M | $39.7M | $39.0M | $40.9M | $23.3M | $23.4M | $23.2M | $20.8M |
| Change in working capital | −$207.6M | $22.6M | −$114.1M | −$88.3M | −$125.5M | −$95.8M | $66.2M | −$73.9M | −$8.2M | −$20.8M |
| Other non-cash items | $63.4M | −$25.0M | −$1.1M | $15.4M | $34.5M | −$13.8M | $21.4M | $20.1M | $23.0M | $40.3M |
| Cash from operating activities | $1.60B | $1.80B | $1.47B | $1.36B | $1.18B | $990.9M | $915.1M | $646.6M | $535.1M | $492.1M |
| Investing activities | ||||||||||
| Capital expenditures | −$337.4M | −$569.0M | −$511.0M | −$516.6M | −$337.4M | −$463.0M | −$603.7M | −$374.6M | −$296.7M | −$172.2M |
| Investments (net) | — | −$587.4M | −$940.1M | −$1.89B | −$442.3M | −$465.5M | −$601.2M | −$356.3M | $1.8M | −$3.6M |
| Acquisitions & other investing | −$540.2M | $569.0M | $511.0M | $516.6M | $337.4M | $463.0M | $603.7M | $374.6M | $6.4M | −$160.0M |
| Cash from investing activities | −$877.6M | −$587.4M | −$940.1M | −$1.89B | −$442.3M | −$465.5M | −$601.2M | −$356.3M | −$288.5M | −$335.8M |
| Financing activities | ||||||||||
| Dividends paid | — | — | — | −$4.7M | −$1.9M | −$6.1M | −$103.5M | — | −$235,000 | $0 |
| Share repurchases & issuance (net) | −$1.63B | — | −$6.6M | −$4.7M | −$1.9M | −$6.1M | −$103.5M | −$365.0M | −$1.1M | −$135.4M |
| Net borrowing (repayment) | — | −$49,000 | −$10.8M | $10.5M | −$417.3M | −$1.1M | −$2.8M | −$1.1M | −$231.0M | −$7.0M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $25.7M | $52.2M | $36.7M | $65.5M | $38.4M | $54.3M | $185.1M | −$4.2M | $50.3M | $35.5M |
| Cash from financing activities | −$1.61B | $52.1M | $19.3M | $66.6M | −$382.7M | $40.9M | −$24.6M | −$370.3M | −$182.0M | −$107.0M |
| Summary | ||||||||||
| Net change in cash | −$872.6M | $1.27B | $556.7M | −$426.8M | $336.0M | $570.5M | $291.4M | −$88.2M | $64.4M | $54.3M |
| Cash at end of period | $1.91B | $2.78B | $1.51B | $957.4M | $1.38B | $1.05B | $477.7M | $186.3M | $274.5M | $210.1M |
| Free cash flow | $1.27B | $1.23B | $961.6M | $847.6M | $839.2M | $527.9M | $314.2M | $272.0M | $238.4M | $319.9M |
| Free cash flow margin | 27.2% | 26.5% | 22.7% | 21.9% | 24.0% | 19.6% | 14.2% | 13.3% | 13.2% | 22.1% |
| Capex / revenue | 7.2% | 12.2% | 12.1% | 13.4% | 9.6% | 17.2% | 27.4% | 18.3% | 16.4% | 11.9% |
| Operating cash flow / net income | 1.08 | 1.16 | 1.08 | 1.10 | 1.08 | 1.06 | 1.31 | 1.09 | 1.28 | 1.25 |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $326.8M | $401.4M | $350.0M | $402.2M | $395.3M | $405.3M | $386.5M | $361.2M | $322.2M | $381.9M | $325.6M | $332.5M |
| Depreciation & amortization | $69.7M | $59.1M | $55.5M | $54.2M | $54.1M | $54.5M | $54.3M | $54.9M | $51.1M | $50.7M | $45.3M | $43.4M |
| Stock-based compensation | $9.8M | $9.5M | $10.2M | $9.3M | $9.1M | $9.2M | $9.3M | $10.4M | $8.5M | $9.0M | $9.4M | $8.3M |
| Change in working capital | −$92.0M | $110.6M | −$289.6M | $63.4M | $5.9M | $233.6M | −$270.2M | $53.1M | $58.4M | $49.9M | −$219.2M | −$3.2M |
| Other non-cash items | $43.2M | $3.7M | $1.4M | $6.1M | −$26.0M | −$1.8M | −$1.8M | $2.7M | −$967,000 | $4.7M | $744,000 | −$5.8M |
| Cash from operating activities | $357.5M | $584.2M | $127.5M | $535.3M | $438.5M | $700.9M | $178.1M | $482.3M | $439.2M | $496.3M | $161.8M | $375.2M |
| Investing activities | ||||||||||||
| Capital expenditures | −$78.8M | −$80.9M | −$69.6M | −$108.0M | −$87.6M | −$128.0M | −$116.6M | −$236.8M | −$137.9M | −$87.8M | −$123.0M | −$162.3M |
| Investments (net) | — | −$845.6M | $10.0M | $1.92B | −$28.4M | −$1.69B | −$574.7M | $1.70B | −$23.6M | −$668.8M | −$1.48B | $1.24B |
| Acquisitions & other investing | −$1.73B | $1.3M | $1.9M | $108.0M | $87.6M | $128.0M | $116.6M | $236.8M | $137.9M | $87.8M | $123.0M | $162.3M |
| Cash from investing activities | −$1.81B | −$925.2M | −$57.7M | $1.92B | −$28.4M | −$1.69B | −$574.7M | $1.70B | −$23.6M | −$668.8M | −$1.48B | $1.24B |
| Financing activities | ||||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | −$7.4M |
| Share repurchases & issuance (net) | −$1,000 | −$1.41B | −$218.2M | −$218.2M | — | $0 | — | — | −$1.9M | −$2.4M | −$1.5M | −$711,000 |
| Net borrowing (repayment) | — | −$5,000 | −$1,000 | −$5,000 | −$5,000 | −$4,000 | −$40,000 | $0 | — | — | — | −$5,000 |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $9.9M | $4.5M | $12.4M | $218.6M | $7.9M | $6.5M | $35.6M | $2.1M | $10.3M | $6.9M | $494,000 | $15.5M |
| Cash from financing activities | $9.9M | −$1.41B | −$205.8M | $450,000 | $7.9M | $6.5M | $35.6M | $2.1M | $8.4M | $4.4M | −$959,000 | $7.4M |
| Summary | ||||||||||||
| Net change in cash | −$1.45B | −$1.75B | −$131.8M | $2.45B | $414.0M | −$972.4M | −$359.2M | $2.18B | $424.1M | −$167.0M | −$1.32B | $1.62B |
| Cash at end of period | $1.91B | $3.35B | $5.10B | $5.23B | $2.78B | $2.37B | $3.34B | $3.70B | $1.51B | $1.09B | $1.26B | $2.58B |
| Free cash flow | $278.7M | $503.3M | $57.9M | $427.2M | $350.8M | $572.9M | $61.5M | $245.5M | $301.3M | $408.5M | $38.8M | $213.0M |
| Free cash flow margin | 24.2% | 40.7% | 5.2% | 37.0% | 31.2% | 47.3% | 5.3% | 21.4% | 28.2% | 36.2% | 3.8% | 20.9% |
| Capex / revenue | 6.8% | 6.5% | 6.2% | 9.4% | 7.8% | 10.6% | 10.0% | 20.6% | 12.9% | 7.8% | 12.1% | 15.9% |
| Operating cash flow / net income | 1.09 | 1.46 | 0.36 | 1.33 | 1.11 | 1.73 | 0.46 | 1.34 | 1.36 | 1.30 | 0.50 | 1.13 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
CPRT cash generation
In fiscal 2026 (ended July 31, 2026), Copart generated $1.6 billion of cash from operations (down 10.8%) and spent $337.4 million on capital expenditures, leaving free cash flow of $1.3 billion, 27.2% of revenue. It returned $1.6 billion to shareholders through dividends ($0) and net share buybacks ($1.6 billion). Cash and equivalents fell by $872.6 million over the year.
Related: CPRT income statement, CPRT balance sheet. See the CPRT stock overview for the latest quote and news.
CPRT cash flow FAQ
What is Copart's free cash flow?
Copart's free cash flow was $1.3 billion in fiscal 2026: $1.6 billion of operating cash flow minus $337.4 million of capital expenditures It was $1.2 billion a year earlier..
How much cash does Copart generate from operations?
Copart generated $1.6 billion of cash from operating activities in fiscal 2026, 1.08 times its net income of $1.5 billion.
How much does Copart spend on capital expenditures?
Copart spent $337.4 million on capital expenditures in fiscal 2026, 7.2% of revenue, compared with $569.0 million the year before.
How much stock does Copart buy back?
Copart spent $1.6 billion on net share repurchases in fiscal 2026.