CapEx
Copart CapEx decreased by 35.6% to $69.62M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 40.3%, from $116.64M to $69.62M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 5.3% CAGR.
Analysis
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
capital_expendituresHistorical Data
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $81.18M | $98.60M | $64.70M | $91.50M | $78.61M | $102.64M | $152.66M | $104.06M | $89.81M | $170.11M | $162.26M | $123.03M | $87.82M | $137.89M | $236.76M | $116.64M | $127.95M | $87.64M | $108.04M | $69.62M |
| QoQ Change | — | +21.5% | -34.4% | +41.4% | -14.1% | +30.6% | +48.7% | -31.8% | -13.7% | +89.4% | -4.6% | -24.2% | -28.6% | +57.0% | +71.7% | -50.7% | +9.7% | -31.5% | +23.3% | -35.6% |
| YoY Change | — | — | — | — | -3.2% | +4.1% | +136.0% | +13.7% | +14.2% | +65.7% | +6.3% | +18.2% | -2.2% | -18.9% | +45.9% | -5.2% | +45.7% | -36.4% | -54.4% | -40.3% |
Geographic Breakdown — International
| Segment | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| International | $39.17M | $15.63M | $18.57M | $26.10M | $20.87M | $7.56M | $24.72M | $41.28M |
| Total | $123.03M | $87.82M | $137.89M | $236.76M | $116.64M | $127.95M | $87.64M | $108.04M |
International was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
CapEx at Other Companies
Frequently Asked Questions
- What is Copart's capex?
- Copart (CPRT) reported capex of $69.62M in Q4 2025.
- How has Copart's capex changed year-over-year?
- Copart's capex decreased by 40.3% year-over-year, from $116.64M to $69.62M.
- What is the long-term trend for Copart's capex?
- Over 4 years (2021 to 2025), Copart's capex has grown at a 5.3% compound annual growth rate (CAGR), from $463.00M to $568.99M.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.