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Software - Application · Technology · Fiscal year ends Feb 28 · Reports in ZAR
Karooooo reported revenue of ZAR 5.5B in the fiscal year ended Feb 2026, up 20.0% from the year before. Operating income was ZAR 1.4B, an operating margin of 25.8%, and net income was ZAR 1B. Operating cash flow of ZAR 2B less capital expenditure of ZAR 1.2B left free cash flow of ZAR 809M. It held more cash than debt (net cash ZAR 705M).
Ranks among the 79 software - application companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Feb 2022 | Feb 2023 | Feb 2024 | Feb 2025 | Feb 2026 |
|---|---|---|---|---|---|
| Revenue | 2,746 | 3,507 | 4,206 | 4,567 | 5,479 |
| Cost of revenue | 923 | 1,235 | 1,515 | 1,364 | 1,755 |
| Gross profit | 1,824 | 2,272 | 2,691 | 3,203 | 3,724 |
| Research & development | 149 | 177 | 212 | 227 | 261 |
| Selling, general & admin | 555 | 705 | 838 | 945 | 1,097 |
| Operating income | 699 | 882 | 1,043 | 1,312 | 1,415 |
| Interest expense | 12.3 | 10.1 | 15.8 | 50.9 | 77.9 |
| Pre-tax income | 682 | 894 | 1,066 | 1,247 | 1,360 |
| Income tax | 205 | 285 | 312 | 310 | 349 |
| Net income | 477 | 609 | 754 | 937 | 1,011 |
| Diluted EPS | 15.24 | 19.29 | 23.85 | 29.81 | 32.17 |
| Diluted shares | 29.5 | 31.0 | 30.9 | 30.9 | 30.9 |
| Fiscal year | Feb 2022 | Feb 2023 | Feb 2024 | Feb 2025 | Feb 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | 718 | 966 | 460 | 1,043 | 1,154 |
| Receivables | 334 | 409 | 985 | 597 | 586 |
| Inventory | 25.4 | 79.2 | 6.6 | 3.8 | 5.7 |
| Current assets | 1,115 | 1,463 | 1,460 | 1,657 | 1,761 |
| Net PP&E | 1,391 | 1,592 | 2,033 | 2,508 | 3,151 |
| Goodwill | 186 | 212 | 227 | 175 | 167 |
| Total assets | 3,090 | 3,752 | 4,307 | 5,079 | 5,794 |
| Payables | 282 | 374 | 446 | 470 | 586 |
| Current liabilities | 624 | 789 | 940 | 1,452 | 1,668 |
| Short-term debt | – | – | 6.5 | 283 | 49.7 |
| Long-term debt | 13.7 | 0.0 | 41.6 | 31.6 | 399 |
| Total liabilities | 915 | 1,060 | 1,305 | 1,834 | 2,467 |
| Shareholders' equity | 2,151 | 2,661 | 2,962 | 3,202 | 3,282 |
| Fiscal year | Feb 2022 | Feb 2023 | Feb 2024 | Feb 2025 | Feb 2026 |
|---|---|---|---|---|---|
| Operating cash flow | 932 | 1,127 | 955 | 1,933 | 1,967 |
| Capital expenditure | 553 | 580 | 876 | 1,022 | 1,158 |
| Free cash flow | 379 | 547 | 78.7 | 911 | 809 |
| Depreciation & amortisation | 497 | 545 | 648 | 663 | 871 |
| Acquisitions | 66.6 | – | 5.1 | – | – |
| Dividends paid | 6.7 | 331 | 500 | 612 | 694 |
| Fiscal year | Feb 2022 | Feb 2023 | Feb 2024 | Feb 2025 | Feb 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 27.7% | 19.9% | 8.6% | 20.0% |
| Operating income growth (YoY) | – | 26.1% | 18.2% | 25.9% | 7.8% |
| EPS growth (YoY) | – | 26.6% | 23.6% | 25.0% | 7.9% |
| Gross margin | 66.4% | 64.8% | 64.0% | 70.1% | 68.0% |
| Operating margin | 25.5% | 25.1% | 24.8% | 28.7% | 25.8% |
| Net margin | 17.4% | 17.4% | 17.9% | 20.5% | 18.5% |
| Return on equityBlank when equity is negative | 22.2% | 22.9% | 25.5% | 29.3% | 30.8% |
| ROCEEBIT ÷ (assets − current liabilities) | 28.4% | 29.8% | 31.0% | 36.2% | 34.3% |
| Free cash flow margin | 13.8% | 15.6% | 1.9% | 19.9% | 14.8% |
| Cash conversion (CFO ÷ net income) | 1.95x | 1.85x | 1.27x | 2.06x | 1.95x |
| Receivable days | 44 | 43 | 86 | 48 | 39 |
| Inventory days | 10 | 23 | 2 | 1 | 1 |
| Payable days | 112 | 111 | 108 | 126 | 122 |
| Interest cover | 56.7x | 87.4x | 65.9x | 25.8x | 18.2x |
| Debt ÷ equity | 0.01x | 0.00x | 0.02x | 0.10x | 0.14x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −704 | −966 | −411 | −728 | −705 |
| Current ratio | 1.79x | 1.85x | 1.55x | 1.14x | 1.06x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.