Corpay, Inc. (CPAY) vs F5, Inc. (FFIV)

Corpay, Inc. and F5, Inc. are both Software Infrastructure companies. Corpay, Inc. and F5, Inc. are of similar size ($26.3B and $25.3B). Corpay, Inc. trades at the lower P/E: 23.9× against 34.9×. Corpay, Inc. grew revenue faster over the last twelve months: 20.4% against 9.41%. Corpay, Inc. has the higher net margin (22.6% vs 22.0%) and the lower return on invested capital (0.00% vs 22.6%). Across the 22 metrics below, Corpay, Inc. leads on 15 and F5, Inc. on 7.

Valuation

Metric CPAY FFIV Software Infrastructure median
P/E 23.94 34.89 28.02
P/S 5.20 7.59 3.07
P/B 7.27 6.52 3.36
Price to free cash flow 15.93 26.58 17.12
EV/EBITDA 8.27 26.78 14.91
EV/Sales 4.39 7.36 3.03
Earnings yield 4.18% 2.87% 0.13%
Free cash flow yield 6.28% 3.76% 1.15%

Profitability

Metric CPAY FFIV Software Infrastructure median
Gross margin 100.00% 81.87% 61.23%
Operating margin 43.74% 24.54% 0.00%
Net margin 22.58% 21.95% 0.00%
Free cash flow margin 32.63% 29.30% 1.67%
Return on equity 30.01% 19.83% 0.59%
Return on assets 4.66% 11.23% 0.00%
Return on invested capital 0.00% 22.56% 0.00%

Growth

Metric CPAY FFIV Software Infrastructure median
Revenue growth (TTM) 20.36% 9.41% 13.41%
EPS growth (last fiscal year) 7.59% 23.56% —
Revenue growth, 5-year CAGR 13.65% 5.61% 15.81%
Net income growth, 5-year CAGR 8.69% 17.63% 0.00%

Health

Metric CPAY FFIV Software Infrastructure median
Debt to equity 1.70 0.00 0.06
Current ratio 0.97 1.66 1.55
Net debt to EBITDA (0.97) (0.65) 0.08

Dividend

Metric CPAY FFIV Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric CPAY FFIV Software Infrastructure median
Market cap 26.28b 25.29b 835.96m

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