Corpay, Inc. (CPAY)

FairStock Score: 53/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Corpay as a payments business with embedded fleet, vehicle, lodging, and corporate expense workflows, which can create switching costs and recurring transaction volume. FairStock's computed Lynch category is STALWART: profit growth of 8.7% a year and revenue growth of 13.6% over five years. The filed record shows FY2025 revenue of $4.5B, net income of $1.1B and diluted EPS of $15.03, versus FY2024 revenue of $4.0B, net income of $1.0B and EPS of $13.97. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $1.3B, net income $248.3M and EPS $3.70; in fiscal Q2 2025 revenue was $1.1B, net income $284.2M and EPS $3.98, so sales rose while profit fell. Cash generation is real: trailing FCF is $1.6B, a 6.2% FCF yield on the $26.2B market cap. But at the 2026-10-26 close of $399.72, FairStock's P/E is 24.33, P/B 7.41, EV/EBITDA 13.43, PEG 3.30, Graham Number $141.22 and margin of safety -189.24%. ROE is high at 29.22%, yet ROCE is only 6.32% and D/E is 2.75; Altman Z of 1.28 and Piotroski 7/9 point to leverage and some improving signals. I see a decent business with cash flow, but the price offers no Graham-style cushion and profit conversion needs watching.

In plain English: Corpay helps businesses and consumers manage and pay expenses, especially vehicle, fleet, lodging and corporate payments. It is profitable and produces strong cash flow, but it carries a lot of debt and recent profit was lower even as sales grew. At the recent price, the shares look expensive compared with the company's assets and a cautious estimate of value.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer