CPAY - Corpay, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$377.88
DETAILS
HIGH:
$406.00
LOW:
$340.00
MEDIAN:
$382.50
CONSENSUS:
$377.88
UPSIDE:
8.62%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||
| Revenue | 4,528.4 | 3,974.6 | 3,757.7 | 3,427.1 | 2,833.7 | 2,388.9 | 2,648.8 | 2,433.5 | 2,249.5 | 1,831.5 | 1,702.9 | 1,199.4 | 895.2 |
| Cost of Revenue | 1,362.5 | 869.1 | 819.9 | 764.7 | 559.8 | 596.4 | 530.7 | 487.7 | 429.6 | 355.4 | 331.1 | 173.3 | 134.0 |
| Gross Profit | 3,165.9 | 3,105.5 | 2,937.8 | 2,662.4 | 2,273.9 | 1,792.5 | 2,118.2 | 1,945.8 | 1,819.9 | 1,476.1 | 1,371.8 | 1,026.1 | 761.1 |
| Operating Expenses | |||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 1,212.0 | 997.8 | 943.6 | 893.2 | 747.9 | 567.4 | 612.0 | 571.8 | 671.5 | 519.4 | 406.8 | 281.5 | 193.6 |
| Other Expenses | 2.1 | 320.6 | 337.4 | 322.6 | 283.4 | 252.8 | 274.7 | 283.3 | 264.6 | 202.6 | 189.2 | 82.9 | 72.7 |
| Operating Expenses | 1,214.1 | 1,318.3 | 1,280.9 | 1,215.8 | 1,031.4 | 820.2 | 886.7 | 855.1 | 936.2 | 722.0 | 704.3 | 460.6 | 340.5 |
| Operating Income | |||||||||||||
| Operating Income | 1,951.8 | 1,787.2 | 1,656.9 | 1,446.6 | 1,242.6 | 972.3 | 1,231.4 | 1,090.7 | 883.8 | 754.2 | 667.5 | 565.4 | 420.6 |
| Interest Expense | 403.8 | 383.0 | 348.6 | 164.7 | 113.7 | 129.8 | 150.0 | 138.5 | 107.1 | 71.9 | 71.3 | 28.9 | 16.5 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||
| EBITDA | 2,338.8 | 2,119.2 | 2,010.2 | 1,762.6 | 1,506.7 | 1,267.1 | 1,502.1 | 1,508.2 | 1,265.3 | 918.1 | 800.8 | 654.2 | 492.8 |
| EBIT | 1,945.5 | 1,768.2 | 1,673.6 | 1,440.3 | 1,222.5 | 1,012.3 | 1,227.9 | 1,233.6 | 1,000.7 | 714.8 | 607.3 | 541.8 | 420.0 |
| Income Before Tax | 1,541.7 | 1,385.1 | 1,325.0 | 1,275.7 | 1,108.8 | 882.5 | 1,077.8 | 1,095.1 | 893.6 | 642.9 | 536.0 | 512.9 | 403.6 |
| Income Tax Expense | 469.7 | 381.4 | 343.1 | 321.3 | 269.3 | 178.3 | 182.7 | 283.6 | 153.4 | 190.5 | 173.6 | 144.2 | 119.1 |
| Net Income | 1,069.8 | 1,003.7 | 981.9 | 954.3 | 839.5 | 704.2 | 895.1 | 811.5 | 740.2 | 452.4 | 362.4 | 368.7 | 284.5 |
| Per Share Data | |||||||||||||
| EPS (Basic) | 15.25 | 14.27 | 13.42 | 12.62 | 10.23 | 8.38 | 10.36 | 9.14 | 8.12 | 4.89 | 3.85 | 4.24 | 3.36 |
| EPS (Diluted) | 15.03 | 13.97 | 13.20 | 12.42 | 9.99 | 8.12 | 9.94 | 8.81 | 7.91 | 4.75 | 3.85 | 4.24 | 3.36 |
| Shares Outstanding | 70.1 | 70.3 | 73.2 | 75.6 | 82.1 | 84.0 | 86.4 | 88.8 | 91.1 | 92.6 | 94.1 | 87.0 | 84.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 8,991.9 | 1,553.6 | 1,389.6 | 1,435.2 | 1,520.0 | 934.9 | 1,271.5 | 1,031.1 | 913.6 | 475.0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 3,994.0 | 2,090.5 | 2,161.6 | 2,064.7 | 1,793.3 | 1,366.8 | 1,569.0 | 1,425.8 | 1,420.0 | 1,202.0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 966.1 | 5,031.7 | 3,533.0 | 2,606.2 | 1,848.7 | 1,241.7 | 1,374.7 | 1,219.7 | 1,028.3 | 759.8 |
| Total Current Assets | 13,952.0 | 8,675.9 | 7,084.3 | 6,106.2 | 5,488.0 | 3,956.3 | 4,618.6 | 3,876.0 | 3,549.7 | 2,527.7 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 572.0 | 377.7 | 343.2 | 294.7 | 236.3 | 202.5 | 199.8 | 186.2 | 180.1 | 142.5 |
| Goodwill | 7,564.8 | 5,984.7 | 5,645.0 | 5,201.4 | 5,079.0 | 4,719.2 | 4,833.0 | 4,542.1 | 4,715.8 | 4,195.1 |
| Intangible Assets | 3,237.7 | 2,410.4 | 2,085.7 | 2,131.0 | 2,335.4 | 2,115.9 | 2,341.9 | 2,407.9 | 2,725.0 | 2,653.2 |
| Long-Term Investments | 943.8 | 60.1 | 69.5 | 74.3 | 52.0 | 7.5 | 30.4 | 42.7 | 32.9 | 36.2 |
| Other Non-Current Assets | 137.8 | 448.3 | 248.7 | 281.7 | 213.9 | 193.2 | 224.8 | 147.6 | 115.0 | 72.0 |
| Total Non-Current Assets | 12,456.1 | 9,281.2 | 8,392.0 | 7,983.1 | 7,916.6 | 7,238.3 | 7,630.0 | 7,326.5 | 7,768.7 | 7,099.0 |
| Total Assets | 26,408.1 | 17,957.0 | 15,476.3 | 14,089.3 | 13,404.7 | 11,194.6 | 12,248.5 | 11,202.5 | 11,318.4 | 9,626.7 |
| Current Liabilities | ||||||||||
| Account Payables | 1,564.5 | 1,570.4 | 1,625.0 | 1,568.9 | 1,406.3 | 1,054.5 | 1,249.6 | 1,117.6 | 1,437.3 | 1,151.4 |
| Short-Term Debt | 3,374.8 | 2,770.0 | 2,126.7 | 2,314.1 | 1,517.6 | 1,205.7 | 1,746.8 | 2,070.6 | 1,616.5 | 1,336.5 |
| Deferred Revenue | 0 | 3,266.1 | 2,397.3 | 1,505.0 | 1,788.7 | 1,175.3 | 1,007.6 | 926.7 | 732.2 | 530.8 |
| Other Current Liabilities | 9,097.3 | 656.4 | 320.6 | 303.5 | 208.6 | 250.1 | 183.5 | 118.7 | 71.0 | 38.8 |
| Total Current Liabilities | 14,296.7 | 8,707.9 | 6,825.8 | 6,043.5 | 5,290.4 | 3,968.3 | 4,463.1 | 4,495.2 | 4,095.5 | 3,296.3 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 6,656.2 | 5,226.1 | 4,596.2 | 4,722.8 | 4,460.0 | 3,097.6 | 3,289.9 | 2,748.4 | 2,902.1 | 2,521.7 |
| Deferred Tax Liabilities | 614.3 | 439.2 | 470.2 | 527.5 | 566.3 | 498.2 | 520.0 | 491.9 | 518.9 | 668.6 |
| Other Non-Current Liabilities | 527.0 | 437.9 | 301.8 | 254.0 | 221.4 | 275.1 | 263.9 | 126.7 | 125.3 | 56.1 |
| Total Non-Current Liabilities | 7,882.8 | 6,103.2 | 5,368.1 | 5,504.3 | 5,247.7 | 3,870.9 | 4,073.9 | 3,367.1 | 3,546.3 | 3,246.4 |
| Total Liabilities | 22,179.5 | 14,811.0 | 12,193.9 | 11,547.8 | 10,538.1 | 7,839.2 | 8,536.9 | 7,862.3 | 7,641.8 | 6,542.7 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Retained Earnings | 10,264.8 | 9,196.4 | 8,192.7 | 7,210.8 | 6,256.4 | 5,416.9 | 4,712.7 | 3,817.7 | 2,958.9 | 2,218.7 |
| Accumulated Other Comprehensive Income | (1,392.2) | (1,714.0) | (1,289.1) | (1,509.7) | (1,464.6) | (1,363.2) | (972.5) | (913.9) | (551.9) | (666.4) |
| Total Stockholders' Equity | 3,883.9 | 3,122.3 | 3,282.4 | 2,541.5 | 2,866.6 | 3,355.4 | 3,711.6 | 3,340.2 | 3,676.5 | 3,084.0 |
| Total Liabilities & Equity | 26,419.0 | 17,957.0 | 15,476.3 | 14,089.3 | 13,404.7 | 11,194.6 | 12,248.5 | 11,202.5 | 11,318.4 | 9,626.7 |
| Debt Metrics | ||||||||||
| Total Debt | 10,116.2 | 7,996.1 | 6,722.9 | 7,036.9 | 5,977.7 | 4,303.3 | 5,036.8 | 4,819.0 | 4,518.6 | 3,858.2 |
| Net Debt | 1,124.3 | 6,442.4 | 5,333.3 | 5,601.7 | 4,457.6 | 3,368.4 | 3,765.3 | 3,787.9 | 3,605.0 | 3,383.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 1,071.9 | 1,003.7 | 981.9 | 954.3 | 839.5 | 704.2 | 895.1 | 811.5 | 740.2 | 452.4 |
| Depreciation & Amortization | 393.3 | 351.1 | 336.6 | 322.3 | 284.2 | 254.8 | 274.2 | 274.6 | 264.6 | 198.1 |
| Stock-Based Compensation | 102.6 | 116.7 | 116.1 | 121.4 | 80.1 | 43.4 | 61.0 | 69.9 | 93.3 | 63.9 |
| Change in Working Capital | (162.4) | 447.9 | 593.9 | (752.5) | (77.9) | 321.5 | (189.5) | (184.7) | (103.5) | (61.8) |
| Other Non-Cash Items | 122.3 | 85.9 | 119.3 | 142.4 | 60.2 | 133.0 | 83.4 | (65.2) | (66.8) | 84.3 |
| Operating Cash Flow | 1,499.9 | 1,940.6 | 2,101.1 | 754.8 | 1,197.1 | 1,472.6 | 1,162.1 | 903.4 | 680.1 | 708.2 |
| Investing Activities | ||||||||||
| Capital Expenditure | (200.8) | (175.2) | (153.8) | (151.4) | (111.5) | (78.4) | (75.2) | (81.4) | (70.1) | (59.0) |
| Acquisitions | 1,933.8 | (636.4) | (231.3) | (216.9) | (602.1) | (80.8) | (448.3) | 77.9 | (388.8) | (1,332.0) |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 53.0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (505.7) | 4.1 | 4.4 | 0 | (2.3) | 0 | (0.3) | (22.8) | (39.0) | 1.4 |
| Investing Cash Flow | 1,227.4 | (807.5) | (380.7) | (368.3) | (715.9) | (106.2) | (523.7) | (26.3) | (497.8) | (1,389.6) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 1,977.7 | 1,271.2 | (322.4) | 1,055.2 | 1,690.6 | (700.7) | 218.6 | 329.2 | 622.1 | 923.4 |
| Stock Repurchased | (782.8) | (1,288.0) | (686.9) | (1,405.2) | (1,355.7) | (849.9) | (694.9) | (958.7) | (402.4) | (187.7) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 299.1 | (6.5) | (2.7) | (10.6) | (39.7) | (3.0) | (2.8) | (4.0) | (12.5) | (2.9) |
| Financing Cash Flow | 1,561.8 | 405.0 | (898.2) | (311.2) | 343.9 | (1,416.8) | (310.2) | (577.8) | 251.9 | 754.0 |
| Cash Position | ||||||||||
| Net Change in Cash | 4,535.6 | 1,314.8 | 852.4 | 38.5 | 774.1 | (198.6) | 310.3 | 234.0 | 487.1 | 29.1 |
| Cash at Beginning | 4,456.3 | 3,141.5 | 2,289.2 | 2,250.7 | 1,476.6 | 1,675.2 | 1,364.9 | 1,130.9 | 643.8 | 447.2 |
| Cash at End | 8,991.9 | 4,456.3 | 3,141.5 | 2,289.2 | 2,250.7 | 1,476.6 | 1,675.2 | 1,364.9 | 1,130.9 | 643.8 |
| Free Cash Flow | 1,299.1 | 1,765.4 | 1,947.3 | 603.4 | 1,085.5 | 1,394.2 | 1,086.9 | 822.0 | 610.0 | 649.2 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 4,528.4 | 3,974.6 | 3,757.7 | 3,427.1 | 2,833.7 | 2,388.9 | 2,648.8 | 2,433.5 | 2,249.5 | 1,831.5 | 1,702.9 | 1,199.4 | 895.2 |
| Gross Profit | 3,165.9 | 3,105.5 | 2,937.8 | 2,662.4 | 2,273.9 | 1,792.5 | 2,118.2 | 1,945.8 | 1,819.9 | 1,476.1 | 1,371.8 | 1,026.1 | 761.1 |
| Operating Income | 1,951.8 | 1,787.2 | 1,656.9 | 1,446.6 | 1,242.6 | 972.3 | 1,231.4 | 1,090.7 | 883.8 | 754.2 | 667.5 | 565.4 | 420.6 |
| Net Income | 1,069.8 | 1,003.7 | 981.9 | 954.3 | 839.5 | 704.2 | 895.1 | 811.5 | 740.2 | 452.4 | 362.4 | 368.7 | 284.5 |
| EPS (Diluted) | 15.03 | 13.97 | 13.20 | 12.42 | 9.99 | 8.12 | 9.94 | 8.81 | 7.91 | 4.75 | 3.85 | 4.24 | 3.36 |
| Balance Sheet | |||||||||||||
| Cash & Equivalents | 8,991.9 | 1,553.6 | 1,389.6 | 1,435.2 | 1,520.0 | 934.9 | 1,271.5 | 1,031.1 | 913.6 | 475.0 | |||
| Total Assets | 26,408.1 | 17,957.0 | 15,476.3 | 14,089.3 | 13,404.7 | 11,194.6 | 12,248.5 | 11,202.5 | 11,318.4 | 9,626.7 | |||
| Total Debt | 10,116.2 | 7,996.1 | 6,722.9 | 7,036.9 | 5,977.7 | 4,303.3 | 5,036.8 | 4,819.0 | 4,518.6 | 3,858.2 | |||
| Stockholders' Equity | 3,883.9 | 3,122.3 | 3,282.4 | 2,541.5 | 2,866.6 | 3,355.4 | 3,711.6 | 3,340.2 | 3,676.5 | 3,084.0 | |||
| Cash Flow | |||||||||||||
| Operating Cash Flow | 1,499.9 | 1,940.6 | 2,101.1 | 754.8 | 1,197.1 | 1,472.6 | 1,162.1 | 903.4 | 680.1 | 708.2 | |||
| Capital Expenditure | (200.8) | (175.2) | (153.8) | (151.4) | (111.5) | (78.4) | (75.2) | (81.4) | (70.1) | (59.0) | |||
| Free Cash Flow | 1,299.1 | 1,765.4 | 1,947.3 | 603.4 | 1,085.5 | 1,394.2 | 1,086.9 | 822.0 | 610.0 | 649.2 | |||