Copart Inc (CPRT)
Pretax margin
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,895,581 | 1,825,600 | 1,794,908 | 1,742,610 | 1,714,601 | 1,729,866 | 1,698,184 | 1,664,534 | 1,554,328 | 1,434,104 | 1,363,279 | 1,328,231 | 1,340,954 | 1,336,530 | 1,290,460 | 1,200,857 | 1,121,846 | 1,024,685 | 892,950 | 845,572 |
| Revenue (ttm) | US$ in thousands | 4,646,970 | 4,590,870 | 4,506,410 | 4,363,240 | 4,236,830 | 4,165,421 | 4,059,991 | 3,996,565 | 3,869,517 | 3,755,314 | 3,673,425 | 3,584,161 | 3,500,921 | 3,366,163 | 3,160,132 | 2,909,703 | 2,692,511 | 2,469,540 | 2,285,990 | 2,244,099 |
| Pretax margin | 40.79% | 39.77% | 39.83% | 39.94% | 40.47% | 41.53% | 41.83% | 41.65% | 40.17% | 38.19% | 37.11% | 37.06% | 38.30% | 39.70% | 40.84% | 41.27% | 41.67% | 41.49% | 39.06% | 37.68% |
July 31, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,895,581K ÷ $4,646,970K
= 40.79%
The pretax margin of Copart Inc exhibits a generally upward trajectory over the analyzed period, demonstrating notable fluctuations within a relatively narrow range. Starting from 37.68% as of October 31, 2020, the pretax margin increased to a peak of approximately 41.83% by January 31, 2024. The margin experienced periodic declines and recoveries, reflecting underlying variations in profitability before taxes.
Throughout this period, the margin exhibited a gradual upward trend, with occasional dips such as the 38.30% observed at July 31, 2022, and the decline to 37.06% seen at October 31, 2022. Conversely, periods of strengthening are observed, culminating in the highest margin of 41.83% in January 2024. Subsequently, the ratio fluctuated around the 40% mark, with slight decreases toward October 31, 2024, and partial recovery into early 2025.
Overall, the data indicates that Copart Inc has maintained a relatively stable and improving pretax profitability margin over the analyzed timeframe, reflecting effective management of operating costs and revenue generation in a competitive environment. The margins have not demonstrated substantial volatility, suggesting consistent operational efficiency and resilience in its core business activities.