Corpay, Inc. (CPAY) vs Rubrik, Inc. (RBRK)

Corpay, Inc. and Rubrik, Inc. are both Software Infrastructure companies. Corpay, Inc. is the larger, with a market value of $29.4B against $21.9B — 1.3× the size. Rubrik, Inc. has negative trailing earnings, so its P/E is not meaningful; Corpay, Inc. trades at 24.5×. Rubrik, Inc. grew revenue faster over the last twelve months: 42.5% against 21.2%. Corpay, Inc. has the higher net margin (23.5% vs −16.5%) and the higher return on invested capital (60,347.6% vs 0.00%). Across the 17 metrics below, Corpay, Inc. leads on 12 and Rubrik, Inc. on 5.

Valuation

Metric CPAY RBRK Software Infrastructure median
P/E 24.55 n/m 24.43
P/S 5.67 14.25 2.81
P/B 8.87 n/m 2.88
Price to free cash flow 22.24 76.77 17.94
EV/EBITDA 9.88 n/m 14.51
EV/Sales 5.03 13.85 2.91
Earnings yield 4.07% (1.18%) 0.00%
Free cash flow yield 4.50% 1.30% 0.49%

Profitability

Metric CPAY RBRK Software Infrastructure median
Gross margin 100.00% 80.21% 57.45%
Operating margin 43.87% (18.31%) 0.00%
Net margin 23.54% (16.50%) 0.00%
Free cash flow margin 25.49% 18.56% 0.00%
Return on equity 32.99% 47.83% 0.00%
Return on assets 5.15% (9.72%) 0.00%
Return on invested capital 60,347.59% 0.00% 0.00%

Growth

Metric CPAY RBRK Software Infrastructure median
Revenue growth (TTM) 21.22% 42.45% 14.28%
EPS growth (last fiscal year) 7.59% 76.20% 18.26%
Revenue growth, 5-year CAGR 13.65% — 16.15%
Net income growth, 5-year CAGR 8.69% — 0.00%

Health

Metric CPAY RBRK Software Infrastructure median
Debt to equity 1.82 (2.27) 0.02
Current ratio 0.95 1.64 1.53
Net debt to EBITDA (0.97) 2.75 0.05

Dividend

Metric CPAY RBRK Software Infrastructure median
Dividend yield — — 1.06%
Payout ratio — — 0.29

Size

Metric CPAY RBRK Software Infrastructure median
Market cap 29.35b 21.92b 661.51m

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