Copart, Inc.
CPRT Industrials Specialty Business Services
Copart, Inc.’s revenue for fiscal 2026 (year ended July 2026) was $4.7 billion, roughly unchanged from fiscal 2025. In the quarter to July 2026, revenue grew 2.43%, EPS fell 14.6% and free cash flow fell 27.0%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years.
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Copart, Inc. (CPRT) Altman Z-score
Copart, Inc.'s Altman Z-score for fiscal 2026 is 20.54, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 20.54 | (11.25) |
| FY2025 | 31.79 | (4.33) |
| FY2024 | 36.12 | (0.45) |
| FY2023 | 36.57 | 6.91 |
| FY2022 | 29.66 | 6.86 |
| FY2021 | 22.80 | 6.88 |
| FY2020 | 15.92 | (0.67) |
| FY2019 | 16.59 | 3.06 |
| FY2018 | 13.53 | 6.45 |
| FY2017 | 7.09 | 0.97 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.49 | — | 0.58 | |
| Retained earnings / total assets | 0.80 | — | 1.11 | |
| EBIT / total assets | 0.16 | — | 0.54 | |
| Market value of equity / total liabilities | 29.72 | — | 17.83 | |
| Sales / total assets | 0.47 | — | 0.47 | |
| Altman Z-score | Safe zone | 20.54 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 17.15 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| CPRT Copart, Inc. | 20.5× |
| CTAS Cintas Corporation compare | 11.4× |
| DLB Dolby Laboratories compare | 9.2× |
| ULS UL Solutions Inc. compare | 7.8× |
| UNF Unifirst Corporation compare | 5.7× |
| RELX RELX PLC compare | 3.9× |
| RTO Rentokil Initial PLC compare | 2.3× |
| ARMK Aramark compare | 2.2× |
| AMTM Amentum Holdings, Inc. compare | 1.9× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on CPRT
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement