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Statement
Assets, liabilities and equity aligned across the annual filing history, in USD millions.
Assets
+19.7% YoYReported for FY 2025
Liabilities
+0.5% YoYReported for FY 2025
Equity
+22.1% YoYReported for FY 2025
Equity mix
+1.7 ppEquity share of the capital base
Table view
Every figure is the balance as filed. Each filing badge opens the SEC index page for that fiscal year.
Structure
Assets plotted against the liabilities and equity stack, so you can see how the balance sheet is financed.
Liabilities and equity stack to the capital base; assets are the dashed reference line.
Composition
The same split read as a share of total capital rather than in absolute dollars.
Percentages are measured against total capital for each fiscal year.
Trend
How assets, liabilities and equity have moved across the annual balance sheet window.
Switching between bar and line keeps the selected year order.
Commentary
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Earlier AI snapshot · Generated May 31, 2026. The filing-backed figures above are the current source of truth.
Copart, Inc. shows a strong and steadily improving balance sheet over the five-year period. Total assets increased from about $4.6 billion in 2021 to $10.1 billion in 2025, more than doubling, which suggests substantial business growth and continued reinvestment. Stockholders’ equity also rose consistently from $3.5 billion to $9.2 billion, indicating that asset growth has been largely financed through internally generated capital rather than heavy leverage. In relative terms, equity has remained the dominant funding source, a sign of financial strength and conservatism. Liabilities stayed low overall and were fairly stable, moving from about $1.0 billion in 2021 down to around $683 million in 2022, then gradually rising to roughly $883 million in 2025. The 2021 liability level was notably higher than in later years, but even then leverage was modest compared with the asset base. For an industry like auto salvage and auction services, where asset-light models and strong cash generation can support expansion, Copart’s balance sheet looks particularly resilient. Overall, the company has expanded rapidly while maintaining a very conservative capital structure.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.