Corpay, Inc.

CPAY Technology Software Infrastructure

Corpay, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.5 billion, up 13.9% from fiscal 2024.

Revenue
+17.9%
EPS
+45.1%
Free cash flow
−71.0%
Total debt
+4.30%

Quarter to September 2026, against a year earlier

451.95 33.35 +7.97%
Market cap
$29.4B
P/E
24.5×
Fwd P/E
20.1×
Dividend yield
—
F-score
5/9
Altman Z
1.51
Beneish M
−2.44
Dividend safety
n/a

Corpay, Inc. (CPAY) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Corpay, Inc. (CPAY) trades at a price to free cash flow of 22.2×. Over the past ten years it has ranged from 9.6× (April 2023) to 31.7× (January 2018); the current reading is higher than 64% of that period. That is above the Software Infrastructure industry median of 17.9× and above the Technology sector median of 18.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 16.2× 20.50%
FY2024 13.5× 27.46%
FY2023 10.6× (53.92%)
FY2022 23.0× 35.65%
FY2021 16.9× 2.93%
FY2020 16.4× (28.12%)
FY2019 22.9× 14.06%
FY2018 20.1× (30.77%)
FY2017 29.0× 40.39%
FY2016 20.6× 11.80%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 19.1× 43.40%
Jun 2026 13.3× (11.11%)
Mar 2026 15.0× (7.68%)
Dec 2025 16.2× (8.29%)
43 more quarters

Against its own ten years

Low 9.6× High 31.7×
Ten-year median 19.4×
Current reading's percentile 64

Price to free cash flow against peers

Company Price to free cash flow
CRWV CoreWeave Inc. compare n/m
CPAY Corpay, Inc. 22.2×
VRSN VeriSign, Inc. compare 27.5×
TWLO Twilio Inc. compare 28.2×
OKTA Okta, Inc. compare 31.3×
GPN Global Payments Inc. compare 31.4×
MDB MongoDB, Inc. compare 37.4×
RBRK Rubrik, Inc. compare 76.8×
IOT Samsara Inc. compare 94.6×
Software Infrastructure industry median 17.9×
Technology sector median 18.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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