Corpay Inc - Understand $cpay stock

$CPAY Market Cap: $21.35 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$3.819B

TTM

Gross Margin

78.3%

TTM

Net Earnings

$1.009B

TTM

Current Assets

$7.976B

Q2 2024

Current Liabilities

$7.843B

Q2 2024

Current Ratio

101.7%

Q2 2024

Total Assets

$16.20B

Q2 2024

Total Liabilities

$13.42B

Q2 2024

Book Value

$2.776B

Q2 2024

Cash

$1.358B

Q2 2024

P/E

21.16

Sep 13, 2024 EST

Free Cash Flow

$1.684B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$3.758B	$3.427B	$2.834B	$2.389B	$2.649B	$2.433B	$2.250B	$1.832B	$1.703B	$1.199B	$895.2M	$707.5M	$519.6M	$433.8M	$354.1M	$341.1M	$264.1M	$186.2M
YoY Change	9.65%	20.94%	18.62%	-9.81%	8.85%	8.18%	22.82%	7.56%	41.98%	33.98%	26.52%	36.17%	19.77%	22.52%	3.81%	29.16%	41.84%	29.94%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$3.758B	$3.427B	$2.834B	$2.389B	$2.649B	$2.433B	$2.250B	$1.832B	$1.703B	$1.199B	$895.2M	$707.5M	$519.6M	$433.8M	$354.1M	$341.1M	$264.1M	$186.2M
Cost Of Revenue	$819.9M				$0.00	$0.00	$96.80M	$91.60M	$84.10M	$13.20M	$7.100M	$4.700M	$51.20M	$49.10M	$39.70M	$38.50M	$39.40M	$32.80M
Gross Profit	$2.938B				$2.649B	$2.434B	$2.153B	$1.740B	$1.619B	$1.186B	$888.1M	$702.8M	$468.4M	$384.8M	$314.4M	$302.5M	$224.7M	$153.4M
Gross Profit Margin	78.18%				100.0%	100.0%	95.7%	95.0%	95.06%	98.9%	99.21%	99.34%	90.15%	88.7%	88.79%	88.68%	85.08%	82.38%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Selling, General & Admin	$943.6M	$893.2M	$747.9M	$567.4M	$612.0M	$571.8M	$558.4M	$415.1M	$406.8M	$281.5M	$199.6M	$156.6M	$121.4M	$110.9M	$140.0M	$122.8M	$98.70M	$69.00M
YoY Change	5.64%	19.42%	31.82%	-7.29%	7.04%	2.39%	34.53%	2.03%	44.51%	41.01%	27.52%	28.99%	9.48%	-20.81%	14.01%	24.42%	43.04%	30.93%
% of Gross Profit	32.12%				23.11%	23.5%	25.94%	23.86%	25.13%	23.73%	22.48%	22.27%	25.91%	28.81%	44.53%	40.6%	43.93%	44.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$336.6M	$92.00M	$75.60M	$65.20M	$62.80M	$52.90M	$46.60M	$36.46M	$30.50M	$21.10M	$16.89M	$14.12M	$11.45M	$11.26M	$23.50M	$20.60M	$17.70M	$12.60M
YoY Change	265.87%	21.69%	15.95%	3.82%	18.71%	13.52%	27.83%	19.53%	44.55%	24.96%	19.62%	23.27%	1.69%	-52.08%	14.08%	16.38%	40.48%	70.27%
% of Gross Profit	11.46%				2.37%	2.17%	2.16%	2.1%	1.88%	1.78%	1.9%	2.01%	2.44%	2.93%	7.47%	6.81%	7.88%	8.21%
Operating Expenses	$1.281B	$893.2M	$747.9M	$567.4M	$612.0M	$571.8M	$558.4M	$415.1M	$406.8M	$281.5M	$199.6M	$156.6M	$121.4M	$110.9M	$168.3M	$150.1M	$118.9M	$81.60M
YoY Change	43.41%	19.42%	31.82%	-7.29%	7.04%	2.39%	34.53%	2.03%	44.51%	41.01%	27.52%	28.99%	9.48%	-34.13%	12.13%	26.24%	45.71%	35.55%
Operating Profit	$1.657B	$1.447B	$1.243B	$972.3M	$1.231B	$1.091B	$883.8M	$754.2M	$667.5M	$565.4M	$420.6M	$324.9M	$226.3M	$170.5M	$146.1M	$152.4M	$105.8M	$71.80M
YoY Change	14.53%	16.42%	27.8%	-21.05%	12.9%	23.42%	17.19%	12.98%	18.05%	34.43%	29.45%	43.56%	32.75%	16.7%	-4.13%	44.05%	47.35%	21.9%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Interest Expense	-$348.5M	-$166.0M	-$73.00M	$122.9M	-$64.70M	-$145.7M	-$160.3M	-$108.3M	-$129.0M	-$37.40M	-$16.50M	$13.02M	$13.38M	$20.53M	-$17.40M	-$20.30M	-$19.70M	-$11.90M
YoY Change	109.88%	127.47%	-159.39%	-289.95%	-55.59%	-9.11%	48.01%	-16.05%	244.92%	126.67%	-226.76%	-2.69%	-34.85%	-218.0%	-14.29%	3.05%	65.55%	56.58%
% of Operating Profit	-21.03%	-11.48%	-5.87%	12.64%	-5.25%	-13.36%	-18.14%	-14.36%	-19.32%	-6.61%	-3.92%	4.01%	5.91%	12.04%	-11.91%	-13.32%	-18.62%	-16.57%
Other Income/Expense, Net	$16.62M	-$171.0M	-$133.7M	-$89.74M	-$153.6M	$4.427M	$9.830M	-$111.2M	-$131.5M	-$52.51M	-$17.06M	-$1.121M	$589.0K	$1.319M	$900.0K	$2.500M	$1.600M	$0.00
YoY Change	-109.72%	27.84%	49.04%	-41.58%	-3569.87%	-54.96%	-108.84%	-15.43%	150.5%	207.72%	1422.12%	-290.32%	-55.34%	46.56%	-64.0%	56.25%		-100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Pretax Income	$1.325B	$1.276B	$1.109B	$882.5M	$1.078B	$1.095B	$893.6M	$642.9M	$536.0M	$512.9M	$403.6M	$310.8M	$210.9M	$151.3M	$129.6M	$134.7M	$87.60M	$59.90M
YoY Change	3.87%	15.05%	25.64%	-18.12%	-1.58%	22.55%	38.99%	19.95%	4.5%	27.1%	29.85%	47.38%	39.4%	16.73%	-3.79%	53.77%	46.24%	21.26%
Income Tax	$343.1M	$321.3M	$269.3M	$178.3M	$182.7M	$283.6M	$153.4M	$190.5M	$173.6M	$144.2M	$119.1M	$94.59M	$63.54M	$43.38M	$40.60M	$37.40M	$26.00M	$22.00M
% Of Pretax Income	25.9%	25.19%	24.29%	20.2%	16.96%	25.9%	17.17%	29.64%	32.38%	28.12%	29.5%	30.44%	30.13%	28.68%	31.33%	27.77%	29.68%	36.73%
Net Earnings	$981.9M	$954.3M	$839.5M	$704.2M	$895.1M	$811.5M	$740.2M	$452.4M	$362.4M	$368.7M	$284.5M	$216.2M	$147.3M	$107.9M	$89.10M	$97.30M	$61.60M	$38.00M
YoY Change	2.89%	13.68%	19.21%	-21.32%	10.3%	9.63%	63.62%	24.82%	-1.7%	29.6%	31.59%	46.74%	36.55%	21.1%	-8.43%	57.95%	62.11%	23.78%
Net Earnings / Revenue	26.13%	27.85%	29.63%	29.48%	33.79%	33.35%	32.9%	24.7%	21.28%	30.74%	31.78%	30.56%	28.36%	24.87%	25.16%	28.53%	23.32%	20.41%
Basic Earnings Per Share	$13.42	$12.62	$10.23	$8.38	$10.36	$9.14	$8.12	$4.89	$3.94	$4.37	$3.48	$2.59	$1.83	$3.00
Diluted Earnings Per Share	$13.20	$12.42	$9.99	$8.12	$9.94	$8.81	$7.91	$4.75	$3.85	$4.24	$3.36	$2.52	$1.76	$1.34	$1.129M	$1.353M	$859.1K	$569.7K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Cash & Short-Term Investments	$1.390B	$1.435B	$1.520B	$935.0M	$1.271B	$1.031B	$914.0M	$475.0M	$447.0M	$477.0M	$338.0M	$284.0M	$285.0M	$115.0M	$85.00M	$70.00M
YoY Change	-3.17%	-5.58%	62.57%	-26.44%	23.28%	12.8%	92.42%	6.26%	-6.29%	41.12%	19.01%	-0.35%	147.83%	35.29%	21.43%
Cash & Equivalents	$1.390B	$1.435B	$1.520B	$935.0M	$1.271B	$1.031B	$914.0M	$475.0M	$447.0M	$477.0M	$338.0M	$284.0M	$285.0M	$115.0M	$85.00M	$70.00M
Short-Term Investments
Other Short-Term Assets	$1.905B	$1.323B	$1.057B	$955.0M	$807.0M	$533.0M	$405.0M	$260.0M	$244.0M	$312.0M	$93.00M	$88.00M	$77.00M	$100.0M	$99.00M	$110.0M
YoY Change	44.0%	25.21%	10.65%	18.34%	51.41%	31.6%	55.77%	6.56%	-21.79%	235.48%	5.68%	14.29%	-23.0%	1.01%	-10.0%
Inventory
Prepaid Expenses
Receivables	$2.124B	$2.065B	$1.793B	$1.367B	$1.569B	$1.426B	$1.420B	$1.202B	$639.0M	$674.0M	$573.0M	$525.0M	$482.0M	$260.0M	$163.0M	$158.0M
Other Receivables	$1.307B	$1.287B	$1.118B	$700.0M	$971.0M	$886.0M	$811.0M	$591.0M	$614.0M	$675.0M	$349.0M	$298.0M	$280.0M	$144.0M	$0.00	$0.00
Total Short-Term Assets	$6.726B	$6.110B	$5.488B	$3.956B	$4.619B	$3.876B	$3.550B	$2.528B	$1.945B	$2.137B	$1.354B	$1.195B	$1.124B	$619.0M	$347.0M	$338.0M
YoY Change	10.08%	11.33%	38.73%	-14.35%	19.17%	9.18%	40.43%	29.97%	-8.98%	57.83%	13.31%	6.32%	81.58%	78.39%	2.66%
Property, Plant & Equipment	$343.2M	$294.7M	$321.1M	$279.0M	$256.0M	$186.0M	$180.0M	$143.0M	$81.00M	$74.00M	$54.00M	$45.00M	$33.00M	$27.00M	$27.00M	$20.00M
YoY Change	16.44%	-8.22%	15.08%	8.98%	37.63%	3.33%	25.87%	76.54%	9.46%	37.04%	20.0%	36.36%	22.22%	0.0%	35.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$69.52M	$74.28M	$52.02M	$7.000M	$30.00M	$43.00M	$33.00M	$36.00M	$77.00M	$142.0M
YoY Change	-6.41%	42.8%	643.09%	-76.67%	-30.23%	30.3%	-8.33%	-53.25%	-45.77%
Other Assets	$254.3M	$281.7M	$129.2M	$116.0M	$169.0M	$148.0M	$115.0M	$72.00M	$58.00M	$72.00M	$101.0M	$91.00M	$46.00M	$43.00M	$47.00M	$52.00M
YoY Change	-9.73%	118.13%	11.34%	-31.36%	14.19%	28.7%	59.72%	24.14%	-19.44%	-28.71%	10.99%	97.83%	6.98%	-8.51%	-9.62%
Total Long-Term Assets	$8.424B	$7.983B	$7.917B	$7.239B	$7.630B	$7.326B	$7.768B	$7.099B	$5.945B	$6.388B	$2.578B	$1.527B	$1.225B	$865.0M	$863.0M	$591.0M
YoY Change	5.52%	0.84%	9.36%	-5.12%	4.15%	-5.69%	9.42%	19.41%	-6.93%	147.79%	68.83%	24.65%	41.62%	0.23%	46.02%
Total Assets	$15.15B	$14.09B	$13.40B	$11.20B	$12.25B	$11.20B	$11.32B	$9.627B	$7.890B	$8.525B	$3.932B	$2.722B	$2.349B	$1.484B	$1.210B	$929.0M
YoY Change
Accounts Payable	$1.628B	$1.569B	$1.406B	$1.054B	$1.250B	$1.118B	$1.437B	$1.151B	$670.0M	$717.0M	$467.0M	$419.0M	$479.0M	$178.0M	$176.0M	$131.0M
YoY Change	3.79%	11.56%	33.43%	-15.68%	11.81%	-22.2%	24.85%	71.79%	-6.56%	53.53%	11.46%	-12.53%	169.1%	1.14%	34.35%
Accrued Expenses	$315.3M	$351.9M	$389.4M	$300.0M	$222.0M	$176.0M	$175.0M	$134.0M	$151.0M	$149.0M	$52.00M	$76.00M	$42.00M	$23.00M	$47.00M	$35.00M
YoY Change	-10.42%	-9.61%	29.78%	35.14%	26.14%	0.57%	30.6%	-11.26%	1.34%	186.54%	-31.58%	80.95%	82.61%	-51.06%	34.29%
Deferred Revenue
YoY Change
Short-Term Debt	$1.307B	$1.287B	$1.118B	$700.0M	$971.0M	$886.0M	$811.0M	$591.0M	$614.0M	$675.0M	$0.00	$298.0M	$280.0M	$144.0M	$0.00	$0.00
YoY Change	1.55%	15.12%	59.71%	-27.91%	9.59%	9.25%	37.23%	-3.75%	-9.04%		-100.0%	6.43%	94.44%
Long-Term Debt Due	$819.7M	$1.027B	$399.6M	$506.0M	$776.0M	$1.185B	$806.0M	$746.0M	$261.0M	$750.0M	$662.0M	$162.0M	$146.0M	$12.00M	$23.00M	$11.00M
YoY Change	-20.18%	157.0%	-21.02%	-34.79%	-34.51%	47.02%	8.04%	185.82%	-65.2%	13.29%	308.64%	10.96%	1116.67%	-47.83%	109.09%
Total Short-Term Liabilities	$6.468B	$6.043B	$5.290B	$3.968B	$4.463B	$4.495B	$4.096B	$3.296B	$2.247B	$2.897B	$1.909B	$1.142B	$1.127B	$461.0M	$321.0M	$255.0M
YoY Change	7.02%	14.24%	33.33%	-11.09%	-0.71%	9.74%	24.27%	46.68%	-22.44%	51.75%	67.16%	1.33%	144.47%	43.61%	25.88%
Long-Term Debt	$4.596B	$4.723B	$4.460B	$3.127B	$3.290B	$2.748B	$2.902B	$2.522B	$2.060B	$2.169B	$475.0M	$485.0M	$278.0M	$314.0M	$329.0M	$360.0M
YoY Change	-2.68%	5.89%	42.63%	-4.95%	19.72%	-5.31%	15.07%	22.43%	-5.03%	356.63%	-2.06%	74.46%	-11.46%	-4.56%	-8.61%
Other Long-Term Liabilities	$307.4M	$254.0M	$221.4M	$246.0M	$264.0M	$127.0M	$125.0M	$56.00M	$39.00M	$41.00M	$55.00M
YoY Change	21.01%	14.73%	-10.0%	-6.82%	107.87%	1.6%	123.21%	43.59%	-4.88%	-25.45%
Total Long-Term Liabilities	$4.904B	$4.977B	$4.681B	$3.373B	$3.554B	$2.875B	$3.027B	$2.578B	$2.099B	$2.210B	$530.0M	$485.0M	$278.0M	$314.0M	$329.0M	$360.0M
YoY Change	-1.47%	6.31%	38.79%	-5.09%	23.62%	-5.02%	17.42%	22.82%	-5.02%	316.98%	9.28%	74.46%	-11.46%	-4.56%	-8.61%
Total Liabilities	$11.87B	$11.55B	$10.54B	$7.839B	$8.537B	$7.862B	$7.642B	$6.543B	$5.060B	$5.906B	$2.688B	$1.808B	$1.538B	$858.0M	$735.0M	$656.0M
YoY Change	2.73%	9.62%	34.43%	-8.18%	8.59%	2.88%	16.8%	29.31%	-14.32%	119.72%	48.67%	17.56%	79.25%	16.73%	12.04%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	73.16M shares	75.60M shares	82.06M shares	84.01M shares	86.40M shares	88.75M shares	91.13M shares	92.60M shares	92.02M shares	84.32M shares	81.79M shares	83.33M shares	80.61M shares	35.43K shares
Diluted Shares Outstanding	74.39M shares	76.86M shares	84.06M shares	86.72M shares	90.07M shares	92.15M shares	93.59M shares	95.21M shares	94.14M shares	86.98M shares	84.66M shares	85.74M shares	83.65M shares	80.75K shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $21.346 Billion

About Corpay Inc

Corpay Inc is a US-based company operating in Financial Services industry. The company is headquartered in Atlanta, Georgia and currently employs 10,500 full-time employees. The company went IPO on 2010-12-15. Corpay, Inc., formerly FLEETCOR Technologies, Inc., is a corporate payments company. The company helps businesses and consumers pay expenses. Its suite of payment solutions helps its customers manage vehicle-related expenses, such as fueling and parking; travel expenses, such as hotel bookings, and payables, such as paying vendors. Its solutions include AP Automation, Cross-Border and Commercial Cards. Its AP Automation solutions include procure-to-pay, payment automation and integrations. Its Procure-to-Pay optimizes accounts payable workflows with scheduled payments, automated approvals and real-time tracking, and enables cash flow management and financial decisions. Its trading platform and integrated payment solutions, which can be customized as per client’s business requirements. Its Multi-Card is a payment method that offers a tailored solution designed for the client’s business transactions. Its ExpenseTrack platform offers real-time automation, robust security and customized reporting.

Industry: Services-Business Services, NEC Peers: Block Inc Broadridge Financial Solutions Inc Fidelity National Information Services Inc Concentrix Corp Global Payments Inc Jack Henry & Associates Inc Paychex Inc SS&C Technologies Holdings Inc Toast Inc Visa Inc