Corpay Inc is a corporate payments company that helps businesses and consumers manage and pay their expenses. The company offers payment and spend management solutions, including accounts payable automation, cross-border payments, commercial card programs, vehicle payment solutions, and lodging payment services.
It is a $26.1B technology company. Revenue grew 20.4% over the last year, it keeps 23¢ of every dollar of sales as profit, and its net debt equals ~3.3 years of free cash flow. It trades at 22.9× earnings — around the middle of its own history.
- Website
- corpay.com
- Location
- Atlanta, GA
- Employees
- 11 800
- Sector
- Technology
- Founded
- 1986
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong growth, profitability, quality and moat; Health lags behind.
Valuation64
- P/E vs own history46th pct · 12/25
- FCF yield6.3% · 20/25
- P/S5.2x · 12/25
- EV/EBITDA12.8x · 20/25
Growth77
- Revenue CAGR12.4% · 20/25
- Net income CAGR6.2% · 12/25
- EPS CAGR ~5Y10.8% · 20/25
- Fwd implied growth57.8% · 25/25
Profitability87
- ROIC11.4% · 12/25
- ROE30.4% · 25/25
- Net margin22.6% · 25/25
- Operating margin43.6% · 25/25
Health39
- Altman Z1.40 · 3/25
- Current ratio0.97 · 6/25
- Interest coverage6.2x · 18/25
- Net cash / debtD/A 21% · 12/25
Quality77
- Piotroski F5/9 · 15/25
- Beneish M-2.07 · 12/25
- FCF conversion144% · 25/25
- Margin stabilityσ 2.0% · 25/25
Moat100
- ROIC >12% years5/5 yrs · 25/25
- Median gross margin78.2% · 25/25
- FCF-positive years5/5 yrs · 25/25
- Worst-year net marginworst 23.6% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$1.07B net income
- 2024MilestoneThe company changed its name to Corpay
- FY2021FinancialProfitable every year on record5 consecutive profitable years in our data
- FY2021FinancialRevenue already above $1B$2.83B in first reported year
- FY2021FinancialPositive free cash flow every year since5-year streak
- 2010IPOFleetcor became a public company via an initial public offering, raising $335 million
- 1986FoundedThe predecessor of the company was founded in 1986
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (79.0%)
- Strongly profitable — 22.6% net margin
- Revenue growing 20.4% year over year
- Strong cash conversion — FCF is 32.6% of revenue
- Interest covered 6.2× by operating earnings
Watch-outs
- Altman Z-Score 1.40 — elevated financial-distress risk
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+20.4% YoY
- Profitable — makes more than it spends$1.13B TTM
- Profit growing — earnings are higher than last year+6.7% YoY
- Generates cash — cash left after running and investing$1.64B TTM
- Debt under control — could handle its obligations~3.3y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$26.1B market cap
- Not printing shares — share count not ballooning — you keep your slice-15.4% shares over ~5y
- Proven track record — years of profitability behind it5/5 profitable years
- Financially stable — balance sheet not near distressAltman Z 1.4 — distress
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 22.9
Peer comparisonCorpay, Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| CPAY this company | $26.1B | 22.9 | +20.4% | 22.6% | Mixed |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: CPAY vs NVDA · CPAY vs AAPL · CPAY vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/CPAY
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of CPAY on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $397.92 · market cap $26.1B.