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Side-by-side financial comparison of Corpay (CPAY) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.
Corpay is the larger business by last-quarter revenue ($1.2B vs $809.5M, roughly 1.5× Construction Partners, Inc.). Corpay runs the higher net margin — 21.2% vs 2.1%, a 19.1% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 20.7%). Corpay produced more free cash flow last quarter ($760.3M vs $47.1M). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% CAGR vs 15.5%).
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.
Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.
CPAY vs ROAD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $809.5M |
| Net Profit | $264.5M | $17.2M |
| Gross Margin | — | 15.0% |
| Operating Margin | 45.2% | 6.2% |
| Net Margin | 21.2% | 2.1% |
| Revenue YoY | 20.7% | 44.1% |
| Net Profit YoY | 7.5% | 663.9% |
| EPS (diluted) | $3.74 | $0.31 |
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 | $809.5M | ||
| Q3 25 | $1.2B | $899.8M | ||
| Q2 25 | $1.1B | $779.3M | ||
| Q1 25 | $1.0B | $571.6M | ||
| Q4 24 | $1.0B | $561.6M | ||
| Q3 24 | $1.0B | $538.2M | ||
| Q2 24 | $975.7M | $517.8M | ||
| Q1 24 | $935.3M | $371.4M |
| Q4 25 | $264.5M | $17.2M | ||
| Q3 25 | $277.9M | $56.6M | ||
| Q2 25 | $284.2M | $44.0M | ||
| Q1 25 | $243.2M | $4.2M | ||
| Q4 24 | $246.0M | $-3.1M | ||
| Q3 24 | $276.4M | $29.3M | ||
| Q2 24 | $251.6M | $30.9M | ||
| Q1 24 | $229.8M | $-1.1M |
| Q4 25 | — | 15.0% | ||
| Q3 25 | — | 17.7% | ||
| Q2 25 | — | 16.9% | ||
| Q1 25 | — | 12.5% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 16.1% | ||
| Q1 24 | — | 10.4% |
| Q4 25 | 45.2% | 6.2% | ||
| Q3 25 | 44.6% | 11.2% | ||
| Q2 25 | 43.5% | 10.6% | ||
| Q1 25 | 42.5% | 4.8% | ||
| Q4 24 | 47.2% | 2.5% | ||
| Q3 24 | 45.5% | 8.5% | ||
| Q2 24 | 44.4% | 8.8% | ||
| Q1 24 | 42.5% | 0.8% |
| Q4 25 | 21.2% | 2.1% | ||
| Q3 25 | 23.7% | 6.3% | ||
| Q2 25 | 25.8% | 5.7% | ||
| Q1 25 | 24.2% | 0.7% | ||
| Q4 24 | 23.8% | -0.5% | ||
| Q3 24 | 26.9% | 5.4% | ||
| Q2 24 | 25.8% | 6.0% | ||
| Q1 24 | 24.6% | -0.3% |
| Q4 25 | $3.74 | $0.31 | ||
| Q3 25 | $3.91 | $1.03 | ||
| Q2 25 | $3.98 | $0.79 | ||
| Q1 25 | $3.40 | $0.08 | ||
| Q4 24 | $3.43 | $-0.06 | ||
| Q3 24 | $3.90 | $0.55 | ||
| Q2 24 | $3.52 | $0.59 | ||
| Q1 24 | $3.12 | $-0.02 |
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 | $104.1M |
| Total DebtLower is stronger | $10.0B | — |
| Stockholders' EquityBook value | $3.9B | $969.1M |
| Total Assets | $26.4B | $3.4B |
| Debt / EquityLower = less leverage | 2.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4B | $104.1M | ||
| Q3 25 | $2.0B | $156.1M | ||
| Q2 25 | $2.2B | $114.3M | ||
| Q1 25 | $1.6B | $101.9M | ||
| Q4 24 | $1.6B | $132.5M | ||
| Q3 24 | $1.3B | $74.7M | ||
| Q2 24 | $1.4B | $56.3M | ||
| Q1 24 | $1.3B | $48.0M |
| Q4 25 | $10.0B | — | ||
| Q3 25 | $8.1B | $1.6B | ||
| Q2 25 | $8.1B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $8.0B | — | ||
| Q3 24 | — | $515.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.9B | $969.1M | ||
| Q3 25 | $4.1B | $912.0M | ||
| Q2 25 | $3.9B | $853.3M | ||
| Q1 25 | $3.5B | $807.9M | ||
| Q4 24 | $3.1B | $811.1M | ||
| Q3 24 | $3.1B | $573.7M | ||
| Q2 24 | $2.8B | $552.9M | ||
| Q1 24 | $3.3B | $525.0M |
| Q4 25 | $26.4B | $3.4B | ||
| Q3 25 | $19.7B | $3.2B | ||
| Q2 25 | $20.4B | $2.9B | ||
| Q1 25 | $18.5B | $2.8B | ||
| Q4 24 | $18.0B | $2.6B | ||
| Q3 24 | $17.6B | $1.5B | ||
| Q2 24 | $16.2B | $1.4B | ||
| Q1 24 | $15.8B | $1.3B |
| Q4 25 | 2.58× | — | ||
| Q3 25 | 1.99× | 1.78× | ||
| Q2 25 | 2.07× | — | ||
| Q1 25 | 2.37× | — | ||
| Q4 24 | 2.56× | — | ||
| Q3 24 | — | 0.90× | ||
| 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 | $82.6M |
| Free Cash FlowOCF − Capex | $760.3M | $47.1M |
| FCF MarginFCF / Revenue | 60.9% | 5.8% |
| Capex IntensityCapex / Revenue | 4.2% | 4.4% |
| Cash ConversionOCF / Net Profit | 3.07× | 4.80× |
| TTM Free Cash FlowTrailing 4 quarters | $1.3B | $186.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $812.7M | $82.6M | ||
| Q3 25 | $-378.9M | $112.0M | ||
| Q2 25 | $1.1B | $83.0M | ||
| Q1 25 | $-74.2M | $55.6M | ||
| Q4 24 | $648.7M | $40.7M | ||
| Q3 24 | $400.8M | $95.9M | ||
| Q2 24 | $540.9M | $34.6M | ||
| Q1 24 | $350.2M | $18.2M |
| Q4 25 | $760.3M | $47.1M | ||
| Q3 25 | $-429.8M | $78.9M | ||
| Q2 25 | $1.1B | $46.4M | ||
| Q1 25 | $-118.9M | $14.2M | ||
| Q4 24 | $604.6M | $13.8M | ||
| Q3 24 | $355.0M | $78.4M | ||
| Q2 24 | $496.8M | $19.7M | ||
| Q1 24 | $309.0M | $-10.6M |
| Q4 25 | 60.9% | 5.8% | ||
| Q3 25 | -36.7% | 8.8% | ||
| Q2 25 | 98.7% | 5.9% | ||
| Q1 25 | -11.8% | 2.5% | ||
| Q4 24 | 58.4% | 2.5% | ||
| Q3 24 | 34.5% | 14.6% | ||
| Q2 24 | 50.9% | 3.8% | ||
| Q1 24 | 33.0% | -2.8% |
| Q4 25 | 4.2% | 4.4% | ||
| Q3 25 | 4.3% | 3.7% | ||
| Q2 25 | 4.8% | 4.7% | ||
| Q1 25 | 4.5% | 7.2% | ||
| Q4 24 | 4.3% | 4.8% | ||
| Q3 24 | 4.4% | 3.3% | ||
| Q2 24 | 4.5% | 2.9% | ||
| Q1 24 | 4.4% | 7.7% |
| Q4 25 | 3.07× | 4.80× | ||
| Q3 25 | -1.36× | 1.98× | ||
| Q2 25 | 4.01× | 1.88× | ||
| Q1 25 | -0.30× | 13.20× | ||
| Q4 24 | 2.64× | — | ||
| Q3 24 | 1.45× | 3.27× | ||
| Q2 24 | 2.15× | 1.12× | ||
| 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% |
ROAD
Segment breakdown not available.
