COPART INC Segments Disclosure
Year Ended July 31, 2025 | ||||||||||||||||||||
| (In thousands) | United States | International | Total | |||||||||||||||||
| Service revenues | $ | 3,451,558 | $ | 517,104 | $ | 3,968,662 | ||||||||||||||
| Vehicle sales | 403,546 | 274,750 | 678,296 | |||||||||||||||||
| Total service revenues and vehicle sales | 3,855,104 | 791,854 | 4,646,958 | |||||||||||||||||
| Facility operations | 1,646,183 | 298,135 | 1,944,318 | |||||||||||||||||
| Cost of vehicle sales | 378,100 | 224,897 | 602,997 | |||||||||||||||||
| General and administrative | 349,935 | 52,994 | 402,929 | |||||||||||||||||
| Operating income | $ | 1,480,886 | $ | 215,828 | $ | 1,696,714 | ||||||||||||||
| Depreciation and amortization, excluding debt costs | $ | 184,026 | $ | 31,823 | $ | 215,849 | ||||||||||||||
| Interest income | 168,641 | 10,268 | 178,909 | |||||||||||||||||
| Capital expenditures, including acquisitions | 490,965 | 79,248 | 570,213 | |||||||||||||||||
| Total assets | 8,834,063 | 1,256,839 | 10,090,902 | |||||||||||||||||
| Goodwill | 390,422 | 127,357 | 517,779 | |||||||||||||||||
Year Ended July 31, 2024 | ||||||||||||||||||||
| (In thousands) | United States | International | Total | |||||||||||||||||
| Service revenues | $ | 3,126,102 | $ | 434,900 | $ | 3,561,002 | ||||||||||||||
| Vehicle sales | 338,633 | 337,188 | 675,821 | |||||||||||||||||
| Total service revenues and vehicle sales | 3,464,735 | 772,088 | 4,236,823 | |||||||||||||||||
| Facility operations | 1,440,707 | 269,377 | 1,710,084 | |||||||||||||||||
| Cost of vehicle sales | 313,449 | 306,038 | 619,487 | |||||||||||||||||
| General and administrative | 282,545 | 52,684 | 335,229 | |||||||||||||||||
| Operating income | $ | 1,428,034 | $ | 143,989 | $ | 1,572,023 | ||||||||||||||
| Depreciation and amortization, excluding debt costs | $ | 161,685 | $ | 28,076 | $ | 189,761 | ||||||||||||||
| Interest income | 140,728 | 4,945 | 145,673 | |||||||||||||||||
| Capital expenditures, including acquisitions | 491,497 | 113,906 | 605,403 | |||||||||||||||||
| Total assets | 7,386,103 | 1,041,661 | 8,427,764 | |||||||||||||||||
| Goodwill | 390,421 | 123,488 | 513,909 | |||||||||||||||||
Year Ended July 31, 2023 | ||||||||||||||||||||
| (In thousands) | United States | International | Total | |||||||||||||||||
| Service revenues | $ | 2,841,641 | $ | 356,487 | $ | 3,198,128 | ||||||||||||||
| Vehicle sales | 348,007 | 323,383 | 671,390 | |||||||||||||||||
| Total service revenues and vehicle sales | 3,189,648 | 679,870 | 3,869,518 | |||||||||||||||||
| Facility operations | 1,292,527 | 225,502 | 1,518,029 | |||||||||||||||||
| Cost of vehicle sales | 326,764 | 287,734 | 614,498 | |||||||||||||||||
| General and administrative | 202,260 | 48,162 | 250,422 | |||||||||||||||||
| Operating income | $ | 1,368,097 | $ | 118,472 | $ | 1,486,569 | ||||||||||||||
| Depreciation and amortization, excluding debt costs | $ | 135,804 | $ | 23,674 | $ | 159,478 | ||||||||||||||
| Interest income | 64,082 | 1,846 | 65,928 | |||||||||||||||||
| Capital expenditures, including acquisitions | 373,190 | 143,446 | 516,636 | |||||||||||||||||
| Total assets | 5,825,064 | 912,815 | 6,737,879 | |||||||||||||||||
| Goodwill | 270,269 | 124,020 | 394,289 | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Sep 26, 2025 | Showing above |
| 2024 | Sep 30, 2024 | |
| 2023 | Sep 28, 2023 | |
| 2022 | Sep 27, 2022 | |
| 2021 | Sep 27, 2021 | |
| 2020 | Sep 28, 2020 | |
| 2019 | Sep 30, 2019 | |
| 2018 | Oct 1, 2018 | |
| 2017 | Sep 28, 2017 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.