In 2003, the album was ranked number 158 on Rolling Stone magazine's list of The 500 Greatest Albums of All Time, maintaining the rating in a 2012 revised list. This was the last album until 1983's Too Low for Zero that Elton John and his classic band would play on together. Murray and Olsson, who had formed John's rhythm section since 1970, were sacked prior to the recording of the follow-up album Rock of the Westies, while Johnstone would leave in 1978. Though they would all appear on later albums, this was the last album of the 1970s with the original lineup of the Elton John Band (guitarist Davey Johnstone, bassist Dee Murray, and drummer Nigel Olsson). The album reportedly sold 1.4 million copies within four days of release, and it stayed in the top position in the chart for seven weeks. The album was certified gold before its release, and also reached Number One in its first week of release on the US Billboard 200, the first ever album to achieve both honors. It was released in May 1975 by MCA in America and DJM in the UK and was an instant commercial success.
The album is an autobiographical account of the early musical careers of Elton John (Captain Fantastic) and his long-term lyricist Bernie Taupin (the Brown Dirt Cowboy). Captain Fantastic and the Brown Dirt Cowboy is the ninth studio album by Elton John.