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Side-by-side financial comparison of Corpay (CPAY) and Diversified Energy Co (DEC). Click either name above to swap in a different company.
Corpay is the larger business by last-quarter revenue ($1.2B vs $666.5M, roughly 1.9× Diversified Energy Co). Diversified Energy Co runs the higher net margin — 29.3% vs 21.2%, a 8.1% gap on every dollar of revenue. Corpay produced more free cash flow last quarter ($760.3M vs $280.0M).
Corpay, Inc., headquartered in Atlanta, Georgia, provides payments and spend management systems and services that control expense-related purchasing and payment processes. The company focuses on vehicle-related expenses, lodging expenses, and corporate payments.
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
CPAY vs DEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $666.5M |
| Net Profit | $264.5M | $195.5M |
| Gross Margin | — | — |
| Operating Margin | 45.2% | 37.6% |
| Net Margin | 21.2% | 29.3% |
| Revenue YoY | 20.7% | — |
| Net Profit YoY | 7.5% | — |
| EPS (diluted) | $3.74 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.2B | $666.5M | ||
| Q3 25 | $1.2B | $499.8M | ||
| Q2 25 | $1.1B | $600.3M | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $975.7M | — | ||
| Q1 24 | $935.3M | — |
| Q4 25 | $264.5M | $195.5M | ||
| Q3 25 | $277.9M | $171.1M | ||
| Q2 25 | $284.2M | $297.7M | ||
| Q1 25 | $243.2M | — | ||
| Q4 24 | $246.0M | — | ||
| Q3 24 | $276.4M | — | ||
| Q2 24 | $251.6M | — | ||
| Q1 24 | $229.8M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 45.2% | 37.6% | ||
| Q3 25 | 44.6% | 36.2% | ||
| Q2 25 | 43.5% | 48.5% | ||
| Q1 25 | 42.5% | — | ||
| Q4 24 | 47.2% | — | ||
| Q3 24 | 45.5% | — | ||
| Q2 24 | 44.4% | — | ||
| Q1 24 | 42.5% | — |
| Q4 25 | 21.2% | 29.3% | ||
| Q3 25 | 23.7% | 34.2% | ||
| Q2 25 | 25.8% | 49.6% | ||
| Q1 25 | 24.2% | — | ||
| Q4 24 | 23.8% | — | ||
| Q3 24 | 26.9% | — | ||
| Q2 24 | 25.8% | — | ||
| Q1 24 | 24.6% | — |
| Q4 25 | $3.74 | — | ||
| Q3 25 | $3.91 | $2.14 | ||
| Q2 25 | $3.98 | $3.67 | ||
| Q1 25 | $3.40 | — | ||
| Q4 24 | $3.43 | — | ||
| Q3 24 | $3.90 | — | ||
| Q2 24 | $3.52 | — | ||
| Q1 24 | $3.12 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.4B | $29.7M |
| Total DebtLower is stronger | $10.0B | $2.7B |
| Stockholders' EquityBook value | $3.9B | $984.1M |
| Total Assets | $26.4B | $6.2B |
| Debt / EquityLower = less leverage | 2.58× | 2.76× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4B | $29.7M | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.2B | $23.7M | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.3B | — |
| Q4 25 | $10.0B | $2.7B | ||
| Q3 25 | $8.1B | — | ||
| Q2 25 | $8.1B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $8.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.9B | $984.1M | ||
| Q3 25 | $4.1B | — | ||
| Q2 25 | $3.9B | $727.7M | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $3.3B | — |
| Q4 25 | $26.4B | $6.2B | ||
| Q3 25 | $19.7B | — | ||
| Q2 25 | $20.4B | $5.7B | ||
| Q1 25 | $18.5B | — | ||
| Q4 24 | $18.0B | — | ||
| Q3 24 | $17.6B | — | ||
| Q2 24 | $16.2B | — | ||
| Q1 24 | $15.8B | — |
| Q4 25 | 2.58× | 2.76× | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.07× | — | ||
| Q1 25 | 2.37× | — | ||
| Q4 24 | 2.56× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $812.7M | $464.6M |
| Free Cash FlowOCF − Capex | $760.3M | $280.0M |
| FCF MarginFCF / Revenue | 60.9% | 42.0% |
| Capex IntensityCapex / Revenue | 4.2% | 27.7% |
| Cash ConversionOCF / Net Profit | 3.07× | 2.38× |
| TTM Free Cash FlowTrailing 4 quarters | $1.3B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $812.7M | $464.6M | ||
| Q3 25 | $-378.9M | — | ||
| Q2 25 | $1.1B | $264.1M | ||
| Q1 25 | $-74.2M | — | ||
| Q4 24 | $648.7M | — | ||
| Q3 24 | $400.8M | — | ||
| Q2 24 | $540.9M | — | ||
| Q1 24 | $350.2M | — |
| Q4 25 | $760.3M | $280.0M | ||
| Q3 25 | $-429.8M | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $-118.9M | — | ||
| Q4 24 | $604.6M | — | ||
| Q3 24 | $355.0M | — | ||
| Q2 24 | $496.8M | — | ||
| Q1 24 | $309.0M | — |
| Q4 25 | 60.9% | 42.0% | ||
| Q3 25 | -36.7% | — | ||
| Q2 25 | 98.7% | — | ||
| Q1 25 | -11.8% | — | ||
| Q4 24 | 58.4% | — | ||
| Q3 24 | 34.5% | — | ||
| Q2 24 | 50.9% | — | ||
| Q1 24 | 33.0% | — |
| Q4 25 | 4.2% | 27.7% | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 4.8% | — | ||
| Q1 25 | 4.5% | — | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 4.4% | — | ||
| Q2 24 | 4.5% | — | ||
| Q1 24 | 4.4% | — |
| Q4 25 | 3.07× | 2.38× | ||
| Q3 25 | -1.36× | — | ||
| Q2 25 | 4.01× | 0.89× | ||
| Q1 25 | -0.30× | — | ||
| Q4 24 | 2.64× | — | ||
| Q3 24 | 1.45× | — | ||
| Q2 24 | 2.15× | — | ||
| Q1 24 | 1.52× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CPAY
| Vehicle Payments | $572.9M | 46% |
| Corporate Payments | $480.8M | 39% |
| Lodging Payments | $112.5M | 9% |
| Other Operating Segments | $82.1M | 7% |
DEC
Segment breakdown not available.
