CPAY Stock Analysis: Corpay | NYSE
Software - Infrastructure | NYSE, USA | Market Cap: 26.696m USD | 12M Return: 60.3% | US2199481068 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 173M
EPS Trend: 98.7%
Qual. Beats: 4
Rev. Trend: 95.8%
Qual. Beats: 4
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Corpay, Inc. (NYSE: CPAY) is a U.S.-based payments company that helps businesses and consumers manage and pay their expenses. Founded in 1986 and headquartered in Atlanta, Georgia, the company was formerly known as FLEETCOR Technologies, Inc. and rebranded to Corpay in June 2002. It operates through four segments: Corporate Payments, Vehicle Payments, Lodging Payments, and Other.
The companys offerings span vehicle payment solutions (fuel, tolls, parking, fleet maintenance, and long-haul transportation services), corporate payment solutions (cross-border payments, spend management, virtual cards, and purchasing/T&E cards), and lodging payment solutions for traveling employees, airline crews, cruise line passengers, and other workforce lodging needs. It also offers gifts and payroll cards, serving business, merchant, consumer, and payment network customers.
As a large-cap company in the Diversified Financial Services sub-industry, Corpay operates in the business-to-business (B2B) payments space, specializing in commercial card programs and fleet payment solutions that help companies automate and control employee and operational spending. Its business model is built on transaction-based revenue, earning fees on payment volume processed through its proprietary networks and partnerships with merchants and fuel retailers.
- Vehicle payments revenue sensitive to fuel prices and fleet mileage trends
- Cross-border payments growth tracks global corporate travel and FX volatility
- Acquisition strategy expands payments platform across new verticals and geographies
| Net Income: 1.14b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -3.63 > 1.0 |
| NWC/Revenue: -9.46% < 20% (prev 26.84%; Δ -36.30% < -1%) |
| CFO/TA 0.07 > 3% & CFO 1.85b > Net Income 1.14b |
| Net Debt (7.46b) to EBITDA (2.55b): 2.92 < 3 |
| Current Ratio: 0.97 > 1.5 & < 3 |
| Outstanding Shares: last quarter (66.3m) vs 12m ago -7.15% < -2% |
| Gross Margin: 73.34% > 18% (prev 78.12%; Δ -4.77% > 0.5%) |
| Asset Turnover: 20.64% > 50% (prev 20.41%; Δ 0.22% > 0%) |
| Interest Coverage Ratio: 4.82 > 6 (EBIT TTM 2.11b / Interest Expense TTM 437.9m) |
| A: -0.02 (Total Current Assets 16.5b - Total Current Liabilities 17.0b) / Total Assets 28.2b |
| B: 0.38 (Retained Earnings 10.9b / Total Assets 28.2b) |
| C: 0.09 (EBIT TTM 2.11b / Avg Total Assets 24.3b) |
| D: 0.14 (Book Value of Equity 3.54b / Total Liabilities 24.6b) |
| Altman-Z'' = 1.88 = BBB |
| DSRI: 0.97 (Receivables 4.96b/4.24b, Revenue 5.02b/4.17b) |
| GMI: 1.07 (GM 78.12% / 73.34%) |
| AQI: 0.88 (AQ_t 0.40 / AQ_t-1 0.45) |
| SGI: 1.20 (Revenue 5.02b / 4.17b) |
| TATA: -0.03 (NI 1.14b - CFO 1.85b) / TA 28.2b) |
| Beneish M = -2.92 (Cap -4..+1) = A |
As of November 05, 2026, the stock is trading at USD 418.60 with a total of 690,547 shares traded. Over the past week, the price has changed by +5.74%, over one month by +4.20%, over three months by +5.57% and over the past year by +60.28%.
Current recommended Stop Loss: 406.50 (which is 2.9% or 1.3 ATR below the current price).
Corpay has received a consensus analysts rating of 4.31. Therefore, it is recommended to buy CPAY.
- StrongBuy: 8
- Buy: 5
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 460.7 | 10.1% |
P/E Trailing = 24.8825
P/E Forward = 13.2979
P/S = 5.3174
P/B = 7.5874
P/EG = 0.7821
Revenue TTM = 5.02b USD
EBIT TTM = 2.11b USD
EBITDA TTM = 2.55b USD
Long Term Debt = 6.10b USD (from longTermDebt, last quarter)
Short Term Debt = 4.53b USD (from shortTermDebt, last quarter)
Debt = 10.6b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 7.46b USD (calculated: Debt 10.6b - CCE 3.16b)
Enterprise Value = 34.2b USD (26.7b + Debt 10.6b - CCE 3.16b)
Interest Coverage Ratio = 4.82 (Ebit TTM 2.11b / Interest Expense TTM 437.9m)
EV/FCF = 20.85x (Enterprise Value 34.2b / FCF TTM 1.64b)
FCF Yield = 4.80% (FCF TTM 1.64b / Enterprise Value 34.2b)
FCF Margin = 32.63% (FCF TTM 1.64b / Revenue TTM 5.02b)
Net Margin = 22.72% (Net Income TTM 1.14b / Revenue TTM 5.02b)
Gross Margin = 73.34% ((Revenue TTM 5.02b - Cost of Revenue TTM 1.34b) / Revenue TTM)
Gross Margin QoQ = 79.45% (prev 72.68%)
Tobins Q-Ratio = 1.21 (Enterprise Value 34.2b / Total Assets 28.2b)
Interest Expense / Debt = 4.12% (Interest Expense 437.9m / Debt 10.6b)
Taxrate = 31.20% (521.3m / 1.67b)
NOPAT = 1.45b (EBIT 2.11b * (1 - 31.20%))
Current Ratio = 0.97 (Total Current Assets 16.5b / Total Current Liabilities 17.0b)
Debt / Equity = 3.00 (Debt 10.6b / totalStockholderEquity, last quarter 3.54b)
Debt / EBITDA = 2.92 (Net Debt 7.46b / EBITDA 2.55b)
Debt / FCF = 4.55 (Net Debt 7.46b / FCF TTM 1.64b)
Total Stockholder Equity = 3.75b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.69% (Net Income 1.14b / Total Assets 28.2b)
RoE = 30.40% (Net Income TTM 1.14b / Total Stockholder Equity 3.75b)
RoCE = 21.41% (EBIT 2.11b / Capital Employed (Equity 3.75b + L.T.Debt 6.10b))
RoIC = 9.34% (NOPAT 1.45b / Invested Capital 15.5b)
WACC = 7.60% (E(26.7b)/V(37.3b) * Re(9.49%) + D(10.6b)/V(37.3b) * Rd(4.12%) * (1-Tc(0.31)))
Discount Rate = 9.49% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -84.61 | Cagr: -4.49%
[DCF] Terminal Value 73.10% ; FCFF base≈1.75b ; Y1≈1.54b ; Y5≈1.24b
[DCF] Fair Price = 190.3 (EV 20.0b - Net Debt 7.46b = Equity 12.5b / Shares 65.7m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 98.73 | EPS CAGR: 13.51% | SUE: 3.76 | # QB: 4
Revenue Correlation: 95.78 | Revenue CAGR: 11.23% | SUE: 1.72 | # QB: 4
EPS current Quarter (2026-09-30): EPS=7.20 | Chg30d=+0.21% | Revisions=+29% | Analysts=16
EPS current Year (2026-12-31): EPS=27.43 | Chg30d=+0.13% | Revisions=+40% | GrowthEPS=+28.3% | GrowthRev=+17.5%
EPS next Year (2027-12-31): EPS=31.59 | Chg30d=+0.45% | Revisions=+22% | GrowthEPS=+15.2% | GrowthRev=+8.6%
[Analyst] Revisions Ratio: +40% (up=9, down=3)