CPRT Copart, Inc. - Common Stock

NASDAQ · Commercial Services & Supplies · View on SEC EDGAR ↗
$33.36
Price · Aug 19, 2026
Fundamentals as of May 29, 2026

About Copart, Inc. - Common Stock Company overview from Wikipedia

Copart, Inc. is a multinational provider of online vehicle auction and remarketing services to automotive resellers such as insurance, rental car, fleet, and finance companies in 11 countries: the US, Canada, the UK, Germany, Ireland, Brazil, Spain, UAE, Bahrain, Oman, and Finland. Headquartered in Dallas, Texas, Copart has more than 200 physical locations, where it houses more than 10,000 acres of vehicle inventory. Copart sells used, wholesale and repairable vehicles in weekly and bi-weekly online auctions to buyers ranging from consumers to automotive businesses. Copart provides vehicle sellers with a range of services to process and sell repairable and clean title vehicles over the internet, using its patented virtual auction technology, named VB3, as well as others of its auction-related brands.

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Copart, Inc. is a multinational provider of online vehicle auction and remarketing services to automotive resellers such as insurance, rental car, fleet, and finance companies in 11 countries: the US, Canada, the UK, Germany, Ireland, Brazil, Spain, UAE, Bahrain, Oman, and Finland. Headquartered in Dallas, Texas, Copart has more than 200 physical locations, where it houses more than 10,000 acres of vehicle inventory. Copart sells used, wholesale and repairable vehicles in weekly and bi-weekly online auctions to buyers ranging from consumers to automotive businesses. Copart provides vehicle sellers with a range of services to process and sell repairable and clean title vehicles over the internet, using its patented virtual auction technology, named VB3, as well as others of its auction-related brands.

Copart is a public company traded on the NASDAQ under the ticker symbol CPRT and has been named to Fortune's 2020 Future 50 companies, 100 Fastest-Growing Companies, and the Fortune 500 list.

History

Copart was founded in 1982 by then 34-year-old Willis J. Johnson in Vallejo, California.

Johnson began expanding Copart in the early 1990s through private loans and equity. By the early '90s, the company had grown to four locations in northern California; and by March 1994, it had added another eight new facilities in Oregon, Washington, and Texas, culminating in the acquisition of the largest volume seller of salvage in the United States, North Texas Salvage Pool of Dallas, Texas.

That decade, Willis Johnson began developing Copart's information technology. The first main step in this process was the creation of the Copart Auction System (CAS) in 1997, which was designed to unify and support the growing business as well as allow Copart facilities and sellers to access information, generate reports, and increase operating efficiencies. The next step came in 1998 with Copart's introduction of internet bidding—a departure from the industry standard of local physical auctions.

On March 17, 1994, Copart had its initial public offering (IPO) at $12 per share and debuted on the NASDAQ under the symbol "CPRT." Copart's IPO of 2.3 million shares of stock provided the company with the means to become a national company.

In May 1995, Copart began rapid expansion in the United States with the sizable acquisition of NER Auction Group, doubling its number of facilities around the country. Copart would continue to grow via acquisitions and founded six new locations from July 1995 to July 1996. With locations spread coast-to-coast in the United States, Copart shifted tactics and began to procure regional and national contracts with the nation's leading insurance companies to grow a nationwide chain of facilities. Copart has continued to acquire businesses, including National Powersport Auctions (NPA) in 2017.

By 2003, the company grew to 100 locations across the country and became the first to launch a completely online auction model. Currently, Copart has more than 200 locations in 11 countries. A Canada yard opening marked the first international expansion in 2003. By 2007, Copart grew its footprint overseas to the United Kingdom. In 2012, Copart began expanding to the United Arab Emirates, Brazil, Bahrain, Oman, Spain, Ireland and Germany. Copart also expanded into Finland in 2018 with the acquisition of Autovahinkokeskus (AVK). Additionally, the CashForCars.com brand launched in Canada in 2018, Germany in 2019 and the United Kingdom in 2020.

As Internet bidding grew in popularity, Copart developed its online auction platform, VB2, which it implemented in 2003. VB2 opened the sales process to registered buyers (Members) and sellers worldwide. In fiscal year 2004 in North America and fiscal year 2008 in the U.K., Copart discontinued all live auctions and began remarketing vehicles exclusively through VB2.

In 2012, Copart relocated its corporate headquarters from Fairfield, California, to Dallas, Texas. Copart's Dallas headquarters building, Copart Tower, consists of approximately 53,000 square feet (4,900 m2) of leased office space.

In 2013, Copart upgraded its VB2 technology to a new version dubbed VB3. This version supported the latest browsers, eliminated the need for plugins and supported mobile interactivity. Copart now sells more than four million vehicles each year through VB3 technology.

Products and operations

Copart's brands include BID4U, CashForCars.com, CrashedToys, DRIVE Auto Auctions, and National Powersport Auctions (NPA). Copart also sells additional services such as providing sale pricing estimates for salvage vehicles, providing transport to and from storage lots for vehicles being sold in its platforms, and assisting with vehicle title processing.

Copart derives the largest part, over 80%, of its revenue from service fees collected for use of its online auction platform. The majority of the remainder of revenue comes from the sale of vehicles it actually takes ownership of and then resells. The company has reported that approximately 88% of its service fee revenue and 63% of its vehicle sales revenue come from within the United States, with the remainder of revenue coming from outside the United States. The largest group of vehicle purchasers buying automobiles in Copart's auctions is vehicle dismantlers, while insurance companies make up the primary seller of vehicles listed in Copart auctions.

Among the vehicles sold by insurance companies, the majority are vehicles declared a total loss after an accident or as a result of damage from a natural disaster.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

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CPRT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$33.36
Market Cap
$32.14B
P/E (TTM)
20.9
EPS (TTM)
$1.59
Revenue (TTM)
$4.65B
Div Yield
ROE
18.6%
Debt/Equity
52W Range
$27 – $50

CPRT Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $4.65B
10-point trend, +266.3%
2016-07-31 2025-07-31
EPS $1.59
10-point trend, +43.2%
2016-07-31 2025-07-31
Free Cash Flow $1.23B
10-point trend, +676.1%
2016-07-31 2025-07-31
Margins 33.4%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
CPRT
Peer Median
P/E (TTM)
5-point trend, -24.8%
20.9
28.1
P/S (TTM)
5-point trend, +191.7%
6.9
2.0
P/B
5-point trend, +93.4%
3.5
2.9
Price / FCF
5-point trend, +116.0%
26.1

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
CPRT
Peer Median
Operating Margin
5-point trend, -13.5%
36.5%
Net Profit Margin
5-point trend, -3.9%
33.4%
4.6%
ROA
5-point trend, -28.2%
16.8%
4.4%
ROE
5-point trend, -32.8%
18.6%
8.4%
ROIC
5-point trend, -43.9%
15.1%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
CPRT
Peer Median
Current Ratio
5-point trend, +108.3%
8.4
1.8
Quick Ratio
5-point trend, -2.2%
1.1

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
CPRT
Peer Median
Revenue YoY
5-point trend, +72.6%
9.7%
Revenue CAGR 3Y
5-point trend, +72.6%
9.9%
Revenue CAGR 5Y
5-point trend, +72.6%
16.1%
EPS YoY
5-point trend, +63.9%
13.6%
Net Income YoY
5-point trend, +65.8%
13.9%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
CPRT
Peer Median
EPS (Diluted)
5-point trend, +63.9%
$1.59

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
CPRT
Peer Median

CPRT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 21 analysts
  • Strong Buy 5 23.8%
  • Buy 8 38.1%
  • Hold 7 33.3%
  • Sell 1 4.8%
  • Strong Sell 0 0.0%

12-Month Price Target

10 analysts · 2026-08-14
Median target $41.00 +22.9%
Mean target $40.30 +20.8%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.01%
Next Report
Sep 09, 2026
Period EPS Actual EPS Est Surprise
Sept. 30, 2026 $0.43 $0.41
June 30, 2026 $0.43 $0.41 0.02%
March 31, 2026 $0.36 $0.40 -0.04%
Dec. 31, 2025 $0.41 $0.40 0.01%
Sept. 30, 2025 $0.41 $0.37 0.04%
June 30, 2025 $0.42 $0.42 -0.01%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
CPRT $43.86B 28.5 9.7% 33.4% 18.6%
CTAS $68.53B 34.9 8.9% 17.8% 41.7% 50.7%
UNF 22.3 0.20% 6.1% 6.9%
OPLN $3.16B -31.0 8.2% 9.2% 13.4%
VSTS $666M -16.3 -2.5% -1.5% -4.6%
HCSG $1.33B 23.6 7.1% 3.2% 12.0%
LQDT $1.02B 31.5 31.2% 5.9% 14.1% 43.8%
ACVA $1.39B -20.6 19.2% -8.7% -15.1%
CVEO $261M -14.4 -6.3% -3.1% -9.8% 23.6%
BAER

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 16
Annual Income Statement data for CPRT
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +299.4% $4.65B $4.24B $3.87B $3.50B $2.69B $2.21B $2.04B $1.81B $1.45B $1.27B $1.15B $1.16B
Cost of Revenue 6-point trend, +46.4% · · · · · · $256M $196M $138M $141M $136M $174M
SG&A Expense 12-point trend, +144.9% $403M $335M $250M $231M $207M $192M $182M $177M $151M $138M $139M $165M
Operating Expenses 5-point trend, +89.6% $2.95B $2.66B $2.38B $2.13B $1.56B · · · · · · ·
Operating Income 12-point trend, +517.1% $1.70B $1.57B $1.49B $1.37B $1.14B $816M $716M $584M $461M $406M $344M $275M
Interest Expense 7-point trend, +130.7% · · · · · $20M $20M $20M $24M $24M $18M $9M
Interest Income 7-point trend, +176.8% · · · · · $1M $2M $1M $1M $1M $817.0K $491.0K
Other Non-op 12-point trend, +490.8% $20M $-3M $2M $-596.0K $6M $4M $6M $-3M $1M $12M $5M $3M
Pretax Income 12-point trend, +602.0% $1.90B $1.71B $1.55B $1.34B $1.12B $801M $705M $563M $440M $396M $332M $270M
Income Tax 12-point trend, +280.1% $347M $352M $317M $251M $185M $101M $113M $145M $46M $126M $112M $91M
Net Income 12-point trend, +768.8% $1.55B $1.36B $1.24B $1.09B $936M $700M $592M $418M $394M $270M $220M $179M
EPS (Basic) 12-point trend, +13.4% $1.61 $1.42 $1.30 $1.15 $0.99 $3.00 $2.57 $1.80 $1.72 $1.18 $0.87 $1.42
EPS (Diluted) 12-point trend, +16.9% $1.59 $1.40 $1.28 $1.13 $0.97 $2.93 $2.46 $1.73 $1.66 $1.11 $0.84 $1.36
Shares (Basic) 12-point trend, +668.0% 965,306,000 960,739,000 953,574,000 949,676,000 945,008,000 233,202,000 230,489,000 231,793,000 228,686,000 228,846,000 251,829,000 125,693,000
Shares (Diluted) 12-point trend, +644.9% 977,563,000 974,798,000 966,647,000 964,604,000 961,160,000 238,656,000 240,453,000 241,877,000 237,019,000 244,295,000 262,851,000 131,230,000
EBITDA 11-point trend, +386.3% $1.91B $1.76B $1.65B $1.51B $1.26B $917M $801M $663M $518M $455M $393M ·
Balance Sheet 26
Annual Balance Sheet data for CPRT
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 9-point trend, +772.4% · · · $1.38B $1.05B $478M $186M $275M $210M $156M $456M $159M
Receivables 12-point trend, +287.2% $763M $786M $702M $579M $481M $350M $367M $352M $312M $266M $216M $197M
Inventory 12-point trend, +446.4% $40M $44M $40M $59M $45M $20M $21M $17M $10M $10M $9M $7M
Prepaid Expense 12-point trend, +122.4% $46M $34M $26M $19M $14M $15M $17M $17M $18M $18M $20M $21M
Current Assets 12-point trend, +1295.8% $5.75B $4.42B $3.26B $2.20B $1.70B $964M $687M $709M $587M $499M $735M $412M
PP&E (Net) 12-point trend, +419.7% $3.60B $3.18B $2.84B $2.49B $2.30B $1.94B $1.43B $1.16B $944M $817M $700M $692M
PP&E (Gross) 12-point trend, +352.8% $4.88B $4.32B $3.82B $3.33B $3.03B $2.57B $1.97B $1.65B $1.40B $1.23B $1.12B $1.08B
Accum. Depreciation 12-point trend, +232.7% $1.28B $1.14B $978M $842M $731M $625M $538M $490M $452M $416M $415M $385M
Goodwill 12-point trend, +82.5% $518M $514M $394M $402M $356M $344M $333M $337M $340M $260M $272M $284M
Intangibles 12-point trend, +148.9% $63M $74M $63M $55M $46M $48M $55M $65M $76M $12M $18M $25M
Other Non-current Assets 12-point trend, +2.6% $58M $129M $66M $48M $42M $40M $44M $33M $34M $38M $45M $56M
Total Assets 12-point trend, +570.0% $10.09B $8.43B $6.74B $5.31B $4.56B $3.46B $2.55B $2.31B $1.98B $1.65B $1.80B $1.51B
Accounts Payable 12-point trend, +289.0% $592M $518M $441M $399M $370M $319M $271M $271M $208M $192M $147M $152M
Current Liabilities 12-point trend, +179.7% $683M $629M $493M $441M $421M $356M $282M $277M $302M $279M $213M $244M
Capital Leases 7-point trend, +81224000.00 $81M $97M $88M $96M $98M $96M $0 · · · · ·
Deferred Tax 12-point trend, +993.7% $81M $94M $89M $80M $64M $72M $49M $20M $3M $4M $5M $7M
Other Non-current Liabilities 7-point trend, -90.8% · · · · · $430.0K $3M $4M $3M $3M $4M $5M
Total Liabilities 12-point trend, +75.5% $883M $879M $750M $683M $1.03B $966M $769M $727M $884M $875M $834M $503M
Long-term Debt 9-point trend, -98.3% · · $11M $0 $400M $400M $400M $400M $631M $638M $644M ·
Common Stock 11-point trend, +708.3% $97.0K $96.0K $96.0K $96.0K $24.0K $24.0K $23.0K $23.0K $23.0K $22.0K $12.0K ·
Paid-in Capital 8-point trend, +105.6% · · · $839M $762M $673M $573M $527M $453M $392M $408M ·
Retained Earnings 12-point trend, +1207.4% $8.09B $6.55B $5.19B $3.96B $2.87B $1.94B $1.34B $1.16B $745M $491M $625M $619M
AOCI 12-point trend, -499.6% $-120M $-143M $-141M $-169M $-101M $-121M $-133M $-108M $-101M $-109M $-69M $-20M
Stockholders' Equity 12-point trend, +815.5% $9.19B $7.52B $5.99B $4.63B $3.53B $2.49B $1.78B $1.58B $1.10B $774M $964M $1.00B
Liabilities + Equity 12-point trend, +569.7% $10.09B $8.43B $6.74B $5.31B $4.56B $3.46B $2.55B $2.31B $1.98B $1.65B $1.80B $1.51B
Shares Outstanding 12-point trend, +667.0% 967,478,690 962,967,011 957,344,162 952,163,896 948,057,092 941,261,348 229,790,268 233,898,841 230,488,296 220,244,120 120,156,340 126,143,366
Cash Flow 17
Annual Cash Flow data for CPRT
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +301.8% $216M $190M $159M $138M $122M $101M $85M $79M $57M $49M $47M $54M
Stock-based Comp 12-point trend, +72.0% $38M $35M $40M $39M $41M $23M $23M $23M $21M $21M $18M $22M
Deferred Tax 12-point trend, -24.0% $-13M $-847.0K $10M $17M $-8M $23M $23M $17M $20M $6M $4M $-11M
Amort. of Intangibles 12-point trend, +101.4% $14M $13M $12M $8M $7M $9M $10M $14M $7M $6M $7M $7M
Other Non-cash 11-point trend, +126.4% $7M $-115M $-83M $-107M $-101M $70M $-77M $-1M $90.0K $-13M $-26M ·
Operating Cash Flow 12-point trend, +585.4% $1.80B $1.47B $1.36B $1.18B $991M $918M $647M $535M $492M $332M $265M $263M
CapEx 12-point trend, +598.1% $569M $511M $517M $337M $463M $592M $374M $288M $172M $174M $79M $82M
Investing Cash Flow 9-point trend, -74.9% $-587M $-940M $-1.89B $-442M $-465M $-601M $-356M $-288M $-336M · · ·
Debt Issued 5-point trend, +0.00 · · · · · · · $0 $0 $93M $699M $0
Net Debt Issued 7-point trend, -100.0% · $0 $0 $-417M · · · $0 $0 $-244M $349M ·
Stock Repurchased 8-point trend, -100.0% · · · · $0 $0 $365M $0 $0 $443M $233M $572.0K
Net Stock Activity 7-point trend, +100.0% · · · · $0 $0 $-365M $0 $0 $-458M $-237M ·
Financing Cash Flow 9-point trend, +148.7% $52M $19M $67M $-383M $41M $-27M $-370M $-182M $-107M · · ·
Net Change in Cash 12-point trend, +1232.6% $1.27B $557M $-427M $336M $571M $291M $-88M $64M $54M $-300M $297M $95M
Taxes Paid 5-point trend, +129.5% $409M $286M $258M $263M $178M · · · · · · ·
Free Cash Flow 11-point trend, +562.0% $1.23B $962M $848M $839M $528M $326M $273M $247M $320M $159M $186M ·
Levered FCF 6-point trend, +77.2% · · · · · $308M $256M $232M $299M $142M $174M ·
Profitability 7
Annual Profitability data for CPRT
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 9-point trend, +21.5% 36.5% 37.1% 38.4% 39.3% 42.2% · · 32.4% 31.9% 32.0% 30.0% ·
Net Margin 9-point trend, +74.2% 33.4% 32.2% 32.0% 31.1% 34.8% · · 23.1% 27.2% 21.3% 19.2% ·
Pretax Margin 9-point trend, +40.8% 40.8% 40.5% 40.2% 38.3% 41.7% · · 31.1% 30.4% 31.2% 29.0% ·
EBITDA Margin 9-point trend, +19.9% 41.2% 41.6% 42.5% 43.2% 46.7% · · 36.7% 35.8% 35.9% 34.3% ·
ROA 11-point trend, +26.1% 16.8% 18.0% 20.5% 22.1% 23.4% 23.3% 24.4% 19.5% 21.7% 15.7% 13.3% ·
ROE 11-point trend, -16.8% 18.6% 20.2% 22.1% 24.3% 27.6% 29.3% 34.8% 31.2% 42.1% 31.1% 22.3% ·
ROIC 11-point trend, -36.1% 15.1% 16.6% 19.8% 24.2% 26.9% 28.6% 33.8% 27.5% 37.6% 35.8% 23.6% ·
Liquidity & Solvency 3
Annual Liquidity & Solvency data for CPRT
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 11-point trend, +144.4% 8.4 7.0 6.6 5.0 4.0 2.7 2.4 2.6 1.9 1.8 3.4 ·
Quick Ratio 11-point trend, -64.6% 1.1 1.3 1.4 1.3 1.1 1.0 2.0 2.3 1.7 1.5 3.2 ·
Interest Coverage 6-point trend, +112.3% · · · · · 40.3 36.2 28.7 19.4 17.2 19.0 ·
Efficiency 3
Annual Efficiency data for CPRT
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 9-point trend, -27.6% 0.5 0.6 0.6 0.7 0.7 · · 0.8 0.8 0.7 0.7 ·
Inventory Turnover 5-point trend, -21.1% · · · · · · 13.6 14.6 13.4 14.8 17.2 ·
Receivables Turnover 9-point trend, +8.0% 6.0 5.7 6.0 6.6 6.5 · · 5.4 5.0 5.3 5.6 ·
Per Share 5
Annual Per Share data for CPRT
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 11-point trend, +18.3% $9.50 $7.81 $6.25 $19.43 $14.89 $10.58 $7.74 $6.76 $4.77 $7.03 $8.03 ·
Revenue / Share 9-point trend, -45.5% $4.75 $4.35 $4.00 $14.52 $11.21 · · $7.47 $6.11 $10.38 $8.72 ·
Cash Flow / Share 11-point trend, -8.7% $1.84 $1.51 $1.41 $4.88 $4.12 $3.85 $2.69 $2.21 $2.08 $2.72 $2.02 ·
Cash / Share 5-point trend, -78.6% · · · · · · $0.81 $1.17 $0.91 $1.42 $3.80 ·
EPS (TTM) 12-point trend, +16.9% $1.59 $1.40 $1.28 $1.13 $0.97 $2.93 $2.46 $1.73 $1.66 $1.11 $0.84 $1.36
Growth Rates 9
Annual Growth Rates data for CPRT
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -56.2% 9.7% 9.5% 10.5% 30.0% 22.1% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -52.0% 9.9% 16.3% 20.6% · · · · · · · · ·
Revenue CAGR 5Y 16.1% · · · · · · · · · · ·
EPS YoY 5-point trend, +120.3% 13.6% 9.4% 13.3% 16.5% -66.9% · · · · · · ·
EPS CAGR 3Y 3-point trend, +150.0% 12.1% 13.0% -24.1% · · · · · · · · ·
EPS CAGR 5Y -11.5% · · · · · · · · · · ·
Net Income YoY 5-point trend, -58.9% 13.9% 10.1% 13.5% 16.4% 33.8% · · · · · · ·
Net Income CAGR 3Y 3-point trend, -40.2% 12.5% 13.3% 20.9% · · · · · · · · ·
Net Income CAGR 5Y 17.3% · · · · · · · · · · ·
Valuation (TTM) 10
Annual Valuation (TTM) data for CPRT
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +299.4% $4.65B $4.24B $3.87B $3.50B $2.69B $2.21B $2.04B $1.81B $1.45B $1.27B $1.15B $1.16B
Net Income TTM 12-point trend, +768.8% $1.55B $1.36B $1.24B $1.09B $936M $700M $592M $418M $394M $270M $220M $179M
Market Cap 11-point trend, +8004.2% $43.86B $50.39B $42.31B $7.62B $8.71B $5.49B $4.45B $3.36B $1.81B $694M $541M ·
P/E 12-point trend, +829.3% 28.5 37.4 34.5 28.3 37.9 8.0 7.9 8.3 4.7 5.7 5.4 3.1
P/S 11-point trend, +1898.6% 9.4 11.9 10.9 2.2 3.2 2.5 2.2 1.9 1.3 0.5 0.5 ·
P/B 11-point trend, +750.8% 4.8 6.7 7.1 1.6 2.5 2.2 2.5 2.1 1.7 0.9 0.6 ·
P / Tangible Book 6-point trend, +94.9% 5.1 7.3 7.7 1.8 2.8 2.6 · · · · · ·
P / Cash Flow 11-point trend, +1093.6% 24.4 34.2 31.0 6.5 8.8 6.0 6.9 6.3 3.7 2.1 2.0 ·
P / FCF 11-point trend, +1124.3% 35.6 52.4 49.9 9.1 16.5 16.8 16.3 13.6 5.7 4.4 2.9 ·
Earnings Yield 12-point trend, -89.2% 3.5% 2.7% 2.9% 3.5% 2.6% 12.6% 12.7% 12.1% 21.1% 17.6% 18.6% 32.6%

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-07-312024-07-312023-07-312022-07-312021-07-31
Revenue $4.65B$4.24B$3.87B$3.50B$2.69B
Operating Margin % 36.5%37.1%38.4%39.3%42.2%
Net Income $1.55B$1.36B$1.24B$1.09B$936M
Diluted EPS $1.59$1.40$1.28$1.13$0.97
Balance Sheet
2025-07-312024-07-312023-07-312022-07-312021-07-31
Current Ratio 8.47.06.65.04.0
Quick Ratio 1.11.31.41.31.1
Cash Flow
2025-07-312024-07-312023-07-312022-07-312021-07-31
Free Cash Flow $1.23B$962M$848M$839M$528M

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

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Institutional owners (13F) 1,178 filers · $14.6B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
129 (-6 vs prior Q) 134 (-18 vs prior Q) 383 (0 vs prior Q) 394 (-35 vs prior Q) +125.5M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD CAPITAL MANAGEMENT LLC $1,616,167,909 57,331,249 11.04% Shares
STATE STREET CORP $1,094,544,406 38,827,400 7.48% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $1,091,977,058 38,736,327 7.46% Shares
GEODE CAPITAL MANAGEMENT, LLC $687,853,760 24,494,946 4.70% Shares
Capital World Investors $442,282,333 15,689,549 3.02% Shares
NORGES BANK $406,635,394 14,424,810 2.78% Shares
TWO SIGMA INVESTMENTS, LP $353,776,550 12,549,718 2.42% Shares
Madison Investment Advisors, LLC $253,685,743 4,420,382 1.73% Shares
VAN ECK ASSOCIATES CORP $233,969,135 8,299,721 1.60% Shares
AKRE CAPITAL MANAGEMENT LLC $225,119,928 7,985,808 1.54% Shares
PineStone Asset Management Inc. $223,087,400 7,913,707 1.52% Shares
FIRST TRUST ADVISORS LP $221,285,797 7,849,799 1.51% Shares
Fiera Capital Corp $181,315,994 6,431,926 1.24% Shares
BANK OF AMERICA CORP /DE/ $153,275,739 5,437,238 1.05% Shares
JARISLOWSKY, FRASER Ltd $139,963,503 3,112,375 0.96% Shares
VANGUARD FIDUCIARY TRUST CO $139,868,462 4,961,634 0.96% Shares
MILLENNIUM MANAGEMENT LLC $131,207,423 4,654,396 0.90% Shares
Focus Partners Wealth $122,308,294 4,338,727 0.84% Shares
Capital Research Global Investors $121,667,612 4,316,135 0.83% Shares
GOLDMAN SACHS GROUP INC $118,488,772 4,203,220 0.81% Shares
TD Asset Management Inc $118,177,441 4,192,176 0.81% Shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC $116,988,077 4,149,985 0.80% Shares
1832 Asset Management L.P. $115,661,540 4,102,928 0.79% Shares
BOSTON FINANCIAL MANGEMENT LLC $114,842,957 2,001,097 0.78% Shares
Madison Asset Management, LLC $113,139,430 4,013,460 0.77% Shares
DIMENSIONAL FUND ADVISORS LP $110,978,333 3,936,798 0.76% Shares
BARCLAYS PLC $100,086,226 3,550,416 0.68% Shares
WORLDQUANT MILLENNIUM ADVISORS LLC $99,252,592 3,520,844 0.68% Shares
Discerene Group LP $95,207,272 3,377,342 0.65% Shares
Epoch Investment Partners, Inc. $94,732,157 3,360,488 0.65% Shares
Assenagon Asset Management S.A. $93,399,728 3,313,222 0.64% Shares
BNP PARIBAS FINANCIAL MARKETS $90,010,275 3,192,986 0.62% Shares
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC $89,079,780 3,159,978 0.61% Shares
Squarepoint Ops LLC $82,182,251 2,915,298 0.56% Shares
Caisse de depot et placement du Quebec $81,533,542 2,892,286 0.56% Shares
Qube Research & Technologies Ltd $80,234,265 2,846,196 0.55% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $77,781,355 2,759,193 0.53% Shares
LONDON CO OF VIRGINIA $73,491,465 2,607,002 0.50% Shares
BlackRock, Inc. $71,947,336 2,552,229 0.49% Shares
Swiss National Bank $70,847,108 2,513,200 0.48% Shares
FLOSSBACH VON STORCH SE $70,511,844 2,501,307 0.48% Shares
YCG, LLC $70,437,029 2,498,653 0.48% Shares
Maren Capital LLC $70,379,549 2,496,614 0.48% Shares
Bowie Capital Management, LLC $65,213,251 2,313,347 0.45% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $63,639,658 2,257,526 0.43% Shares
BLAIR WILLIAM & CO/IL $60,436,623 2,143,903 0.41% Shares
CITADEL ADVISORS LLC $58,588,433 2,078,341 0.40% Shares
WELLINGTON MANAGEMENT GROUP LLP $58,332,721 2,069,270 0.40% Shares
Sumitomo Mitsui Trust Group, Inc. $57,782,509 2,049,752 0.39% Shares
Trexquant Investment LP $57,186,685 2,028,616 0.39% Shares
MCDONALD CAPITAL INVESTORS INC/CA $57,047,793 2,023,689 0.39% Shares
Vanguard Global Advisers, LLC $53,853,725 1,910,384 0.37% Shares
Legal & General Group Plc $53,811,862 1,908,899 0.37% Shares
CAPTRUST FINANCIAL ADVISORS $51,100,915 1,812,732 0.35% Shares
JONES FINANCIAL COMPANIES LLLP $51,087,238 1,672,250 0.35% Shares
VANGUARD ASSET MANAGEMENT, Ltd $49,478,947 1,755,195 0.34% Shares
Point72 Asset Management, L.P. $48,557,529 1,722,509 0.33% Shares
Quantinno Capital Management LP $45,780,009 1,623,980 0.31% Shares
CANADA PENSION PLAN INVESTMENT BOARD $45,318,103 1,607,595 0.31% Shares
California Public Employees Retirement System $44,807,469 1,589,481 0.31% Shares
RHUMBLINE ADVISERS $44,413,654 1,575,515 0.30% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $43,481,177 1,309,674 0.30% Shares
SNYDER CAPITAL MANAGEMENT L P $43,479,833 1,542,385 0.30% Shares
HighTower Advisors, LLC $42,964,010 1,524,087 0.29% Shares
ENVESTNET ASSET MANAGEMENT INC $42,893,279 1,521,578 0.29% Shares
National Pension Service $42,522,557 1,508,427 0.29% Shares
Port Capital LLC $40,786,532 1,446,844 0.28% Shares
MARSHALL WACE, LLP $39,194,051 1,390,353 0.27% Shares
D. E. Shaw & Co., Inc. $38,845,594 1,377,992 0.27% Shares
Gotham Asset Management, LLC $37,822,326 1,341,693 0.26% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $37,366,099 1,325,509 0.26% Shares
TWO SIGMA ADVISERS, LP $36,930,195 943,300 0.25% Shares
ALLIANCEBERNSTEIN L.P. $36,080,299 1,086,756 0.25% Shares
JENSEN INVESTMENT MANAGEMENT INC $35,059,198 1,243,675 0.24% Shares
Kimelman & Baird, LLC $34,761,264 1,233,106 0.24% Shares
BNP PARIBAS ASSET MANAGEMENT Holding S.A. $34,516,738 1,224,432 0.24% Shares
CIBC Private Wealth Group LLC $34,271,682 762,101 0.23% Shares
Douglass Winthrop Advisors, LLC $33,832,764 1,200,169 0.23% Shares
Man Group plc $33,293,828 1,181,051 0.23% Shares
Voleon Capital Management LP $32,307,911 1,146,077 0.22% Shares
NORDEA INVESTMENT MANAGEMENT AB $31,923,793 1,133,255 0.22% Shares
FIRST MANHATTAN CO. LLC. $30,993,044 1,099,434 0.21% Shares
Clearbridge Investments, LLC $30,820,747 1,093,322 0.21% Shares
AVENIR CORP $30,476,857 1,081,123 0.21% Shares
Seilern Investment Management Ltd $29,675,528 1,052,697 0.20% Shares
OFI INVEST ASSET MANAGEMENT $29,588,035 1,200,000 0.20% Shares
Public Sector Pension Investment Board $28,669,568 1,017,012 0.20% Shares
ProShare Advisors LLC $28,099,257 996,781 0.19% Shares
Life Cycle Investment Partners Ltd $27,245,945 966,511 0.19% Shares
DF DENT & CO INC $25,429,163 902,063 0.17% Shares
Korea Investment CORP $25,284,795 896,942 0.17% Shares
TUDOR INVESTMENT CORP ET AL $25,227,795 894,920 0.17% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $24,328,365 863,014 0.17% Shares
Prevatt Capital Ltd $23,679,600 840,000 0.16% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $23,521,736 834,400 0.16% Put option
Daiwa Securities Group Inc. $22,674,598 804,349 0.15% Shares
ADAGE CAPITAL PARTNERS GP, L.L.C. $22,267,281 789,900 0.15% Shares
Lionstone Capital Management LLC $21,883,897 776,300 0.15% Shares
AVIVA PLC $21,826,248 774,255 0.15% Shares
JANE STREET GROUP, LLC $21,239,756 753,450 0.15% Shares

Company insiders 36 insiders · 23 officers · 15 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Jeffrey Liaw Chief Executive Officer July 28, 2026 M 99,641 0 1 $-845,945
Jayson A Adair Chief Executive Officer Oct. 23, 2018 G 4,769,566 0 0 $0
Leah C Stearns Chief Financial Officer Aug. 16, 2026 A 0 0 $0
Jane Pocock President Aug. 16, 2026 A 0 0 $0
Vincent W Mitz President Sept. 28, 2017 S 47,660 0 0 $0
Sean Eldridge SVP, Chief Operating Officer Sept. 23, 2016 M 832 0 0 $0
Russell Lowy Chief Operating Officer March 15, 2013 S 0 0 0 $0
Willis J Johnson Chairman of the Board Feb. 27, 2023 G 24,993,518 0 0 $0
William E Franklin Executive Vice President July 15, 2019 M 17,967 0 0 $0
Vikrant Bhatia EVP Strategic Initiatives Dec. 20, 2016 S 3,181 0 0 $0
Robert H. Vannuccini Senior Vice President, Sales July 14, 2016 M 3,617 0 0 $0
Paul A Styer Sr VP, Secretary, Gen Csl July 5, 2016 S 70,718 0 0 $0
Rama Prasad SVP, Chief Technology Officer July 10, 2015 A 5,675 0 0 $0
John Lindle SVP Strategic Growth July 10, 2015 A 14,350 0 0 $0
Bruce William Bishop SVP Finance March 9, 2015 A 1,000 0 0 $0
Matthew M. Burgener SVP Marketing June 5, 2014 M 0 0 0 $0
Anthony F Cristello SVP Business Development Jan. 14, 2014 A 0 0 $0
Vincent Phillips SVP, CIO Jan. 14, 2014 A 0 0 $0
Simon Rote V.P. of Finance Jan. 14, 2014 A 10,130 0 0 $0
Thomas Wylie Senior Vice President Nov. 29, 2012 M 1,723 0 0 $0
David L Bauer Senior Vice President March 10, 2011 M 61,830 0 0 $0
Greg A. Tucker SVP Process Improvement March 19, 2010 P 2,000 0 0 $0
Gerald Waters Senior Vice President July 12, 2005 S 20,223 0 0 $0
Daniel J Englander Director July 13, 2026 J 235,352 0 1 $-2,204,000
Diane M Morefield Director July 8, 2026 M 50,000 0 0 $0
Thomas N Tryforos Director Sept. 15, 2025 M 0 0 1 $-10,879,054
Matt Blunt Director Feb. 22, 2023 M 0 0 0 $0
Stephen Fisher Director Dec. 3, 2021 A 0 0 $0
Steven D Cohan Director Dec. 3, 2021 A 24 0 0 $0
James E Meeks Director Dec. 3, 2021 A 0 0 0 $0
Thomas W. Smith Director Dec. 2, 2010 A 50,517 0 0 $0
James J Grosfeld Director July 2, 2007 D 4,300,000 0 0 $0
Harold Blumenstein Director Dec. 27, 2006 S 550,528 0 0 $0
VANNINI JONATHAN Director June 7, 2006 S 0 0 0 $0
Marvin L Schmidt Director Dec. 14, 2004 S 1,312,325 0 0 $0
David Joel Berger Aug. 13, 2026 A 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 10 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
A. Jayson Adair (2) ×3 filings Sept. 30, 2016 Initial filing Passive investment SEC
Undisclosed reporting person Dec. 10, 2008 Initial filing SEC
Undisclosed reporting person Oct. 15, 2008 Initial filing SEC
Undisclosed reporting person March 12, 2008 Initial filing SEC
Undisclosed reporting person Dec. 17, 2007 Initial filing Passive investment SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Sept. 30, 2005 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Nov. 1, 2004 Initial filing Passive investment SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person June 1, 2001 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person May 7, 2001 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person March 19, 2001 Initial filing SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 188 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
EQTY · Valued Advisers Trust 2.28% 902,817 NS April 30, 2026 N-PORT
GFGF · EA Series Trust 2.18% 24,740 NS May 29, 2026 N-PORT
YALL · Tidal Trust I 2.12% 62,781 NS May 31, 2026 N-PORT
FGSI · First Trust Exchange-Traded Fund IV 2.02% 1,821 NS April 30, 2026 N-PORT
TMFX · RBB Fund, Inc. 1.54% 15,056 NS May 31, 2026 N-PORT
FDND · First Trust Exchange-Traded Fund IV 1.38% 4,004 NS April 30, 2026 N-PORT
RSPN · Invesco Exchange-Traded Fund Trust 1.06% 384,760 SH Aug. 8, 2026 Daily
JGRW · Trust for Professional Managers 1.05% 30,800 NS May 31, 2026 N-PORT
QQQG · Pacer Funds Trust 0.94% 3,199 NS April 30, 2026 N-PORT
QQQE · Direxion Shares ETF Trust 0.91% 333,183 NS April 30, 2026 N-PORT
WEBL · Direxion Shares ETF Trust 0.90% 30,598 NS April 30, 2026 N-PORT
CGMM · Capital Group Equity ETF Trust I 0.87% 739,671 NS May 31, 2026 N-PORT
FXD · First Trust Exchange-Traded AlphaDE… 0.82% 65,809 NS April 30, 2026 N-PORT
LCLG · Advisors Series Trust 0.72% 22,152 NS April 30, 2026 N-PORT
YOKE · EA Series Trust 0.72% 48,848 NS April 30, 2026 N-PORT
LGRO · ALPS ETF Trust 0.70% 28,850 NS May 31, 2026 N-PORT
SXQG · EXCHANGE TRADED CONCEPTS TRUST 0.61% 12,547 NS May 31, 2026 N-PORT
ESLG · Strategy Shares 0.57% 3,335 NS April 30, 2026 N-PORT
COWG · Pacer Funds Trust 0.54% 356,756 NS April 30, 2026 N-PORT
VOT · VANGUARD INDEX FUNDS 0.54% 6,642,341 SH Aug. 8, 2026 Daily
FLAG · Global X Funds 0.53% 265 NS April 30, 2026 N-PORT
QNXT · iShares Trust 0.50% 4,842 SH Aug. 8, 2026 Daily
CVAR · ETF Opportunities Trust 0.49% 5,760 NS April 30, 2026 N-PORT
TEXN · iShares Trust 0.44% 2,547 SH Aug. 8, 2026 Daily
FIDU · FIDELITY COVINGTON TRUST 0.44% 272,843 NS April 30, 2026 N-PORT
CGGO · Capital Group Global Growth Equity … 0.42% 1,463,455 NS May 31, 2026 N-PORT
IYC · iShares Trust 0.42% 175,912 SH Aug. 8, 2026 Daily
QQWZ · Pacer Funds Trust 0.41% 5,772 NS April 30, 2026 N-PORT
COWZ · Pacer Funds Trust 0.41% 2,244,162 NS April 30, 2026 N-PORT
DUSL · Direxion Shares ETF Trust 0.38% 6,252 NS April 30, 2026 N-PORT
ACVF · ETF Opportunities Trust 0.37% 16,230 NS April 30, 2026 N-PORT
JSTC · Tidal Trust I 0.35% 36,193 NS May 31, 2026 N-PORT
FTA · First Trust Exchange-Traded AlphaDE… 0.35% 135,945 NS April 30, 2026 N-PORT
VIS · VANGUARD WORLD FUND 0.34% 1,081,677 SH Aug. 8, 2026 Daily
FQAL · FIDELITY COVINGTON TRUST 0.34% 140,121 NS April 30, 2026 N-PORT
UXI · ProShares Trust 0.34% 2,942 NS May 31, 2026 N-PORT
HEQQ · J.P. Morgan Exchange-Traded Fund Tr… 0.33% 3,152 NS April 30, 2026 N-PORT
FEX · First Trust Exchange-Traded AlphaDE… 0.33% 148,012 NS April 30, 2026 N-PORT
SOVF · Elevation Series Trust 0.32% 9,218 NS April 30, 2026 N-PORT
SZNE · Pacer Funds Trust 0.28% 1,148 NS April 30, 2026 N-PORT
NULC · Nushares ETF Trust 0.27% 4,612 NS April 30, 2026 N-PORT
IEDI · iShares U.S. ETF Trust 0.26% 2,561 SH Aug. 8, 2026 Daily
EXI · iShares Trust 0.25% 125,528 SH Aug. 8, 2026 Daily
IWS · iShares Trust 0.24% 1,331,279 SH Aug. 8, 2026 Daily
VO · VANGUARD INDEX FUNDS 0.24% 18,788,866 SH Aug. 8, 2026 Daily
BFOR · ALPS ETF Trust 0.22% 14,523 NS May 31, 2026 N-PORT
SPXD · DBX ETF Trust 0.21% 424 NS May 31, 2026 N-PORT
IMCG · iShares Trust 0.20% 274,051 SH Aug. 8, 2026 Daily
JQUA · J.P. Morgan Exchange-Traded Fund Tr… 0.19% 438,622 NS April 30, 2026 N-PORT
GSEW · Goldman Sachs ETF Trust 0.19% 104,271 NS May 31, 2026 N-PORT