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Side-by-side financial comparison of Corpay (CPAY) and Rockwell Automation (ROK). Click either name above to swap in a different company.
Rockwell Automation is the larger business by last-quarter revenue ($2.1B vs $1.2B, roughly 1.7× Corpay). Corpay runs the higher net margin — 21.2% vs 14.5%, a 6.7% gap on every dollar of revenue. On growth, Corpay posted the faster year-over-year revenue change (20.7% vs 11.9%). Corpay produced more free cash flow last quarter ($760.3M vs $170.0M). Over the past eight quarters, Corpay's revenue compounded faster (15.5% CAGR vs -0.5%).
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.
Rockwell Automation, Inc. is an American provider of industrial automation and digital transformation technologies headquartered in Milwaukee, Wisconsin. Its brands include Allen-Bradley, FactoryTalk software and LifecycleIQ Services. Rockwell Automation employs approximately 27,000 people and has customers in more than 100 countries worldwide.
CPAY vs ROK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $2.1B |
| Net Profit | $264.5M | $305.0M |
| Gross Margin | — | 48.3% |
| Operating Margin | 45.2% | 20.7% |
| Net Margin | 21.2% | 14.5% |
| Revenue YoY | 20.7% | 11.9% |
| Net Profit YoY | 7.5% | 65.8% |
| EPS (diluted) | $3.74 | $2.69 |
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 | $2.1B | ||
| Q3 25 | $1.2B | $2.3B | ||
| Q2 25 | $1.1B | $2.1B | ||
| Q1 25 | $1.0B | $2.0B | ||
| Q4 24 | $1.0B | $1.9B | ||
| Q3 24 | $1.0B | $2.0B | ||
| Q2 24 | $975.7M | $2.1B | ||
| Q1 24 | $935.3M | $2.1B |
| Q4 25 | $264.5M | $305.0M | ||
| Q3 25 | $277.9M | $138.0M | ||
| Q2 25 | $284.2M | $295.0M | ||
| Q1 25 | $243.2M | $252.0M | ||
| Q4 24 | $246.0M | $184.0M | ||
| Q3 24 | $276.4M | $239.1M | ||
| Q2 24 | $251.6M | $232.0M | ||
| Q1 24 | $229.8M | $266.2M |
| Q4 25 | — | 48.3% | ||
| Q3 25 | — | 69.4% | ||
| Q2 25 | — | 40.9% | ||
| Q1 25 | — | 40.5% | ||
| Q4 24 | — | 38.4% | ||
| Q3 24 | — | 37.9% | ||
| Q2 24 | — | 38.8% | ||
| Q1 24 | — | 39.2% |
| Q4 25 | 45.2% | 20.7% | ||
| Q3 25 | 44.6% | 2.7% | ||
| Q2 25 | 43.5% | 16.0% | ||
| Q1 25 | 42.5% | 14.9% | ||
| Q4 24 | 47.2% | 17.1% | ||
| Q3 24 | 45.5% | 13.5% | ||
| Q2 24 | 44.4% | 12.4% | ||
| Q1 24 | 42.5% | 14.6% |
| Q4 25 | 21.2% | 14.5% | ||
| Q3 25 | 23.7% | 6.0% | ||
| Q2 25 | 25.8% | 13.8% | ||
| Q1 25 | 24.2% | 12.6% | ||
| Q4 24 | 23.8% | 9.8% | ||
| Q3 24 | 26.9% | 11.7% | ||
| Q2 24 | 25.8% | 11.3% | ||
| Q1 24 | 24.6% | 12.5% |
| Q4 25 | $3.74 | $2.69 | ||
| Q3 25 | $3.91 | $1.24 | ||
| Q2 25 | $3.98 | $2.60 | ||
| Q1 25 | $3.40 | $2.22 | ||
| Q4 24 | $3.43 | $1.61 | ||
| Q3 24 | $3.90 | $2.09 | ||
| Q2 24 | $3.52 | $2.02 | ||
| Q1 24 | $3.12 | $2.31 |
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 | $444.0M |
| Total DebtLower is stronger | $10.0B | — |
| Stockholders' EquityBook value | $3.9B | $3.7B |
| Total Assets | $26.4B | $11.2B |
| Debt / EquityLower = less leverage | 2.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4B | $444.0M | ||
| Q3 25 | $2.0B | $468.0M | ||
| Q2 25 | $2.2B | $495.0M | ||
| Q1 25 | $1.6B | $456.0M | ||
| Q4 24 | $1.6B | $477.0M | ||
| Q3 24 | $1.3B | $471.3M | ||
| Q2 24 | $1.4B | $407.0M | ||
| Q1 24 | $1.3B | $470.5M |
| Q4 25 | $10.0B | — | ||
| Q3 25 | $8.1B | $2.6B | ||
| Q2 25 | $8.1B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $8.0B | — | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.9B | $3.7B | ||
| Q3 25 | $4.1B | $3.7B | ||
| Q2 25 | $3.9B | $3.5B | ||
| Q1 25 | $3.5B | $3.4B | ||
| Q4 24 | $3.1B | $3.4B | ||
| Q3 24 | $3.1B | $3.5B | ||
| Q2 24 | $2.8B | $3.3B | ||
| Q1 24 | $3.3B | $3.5B |
| Q4 25 | $26.4B | $11.2B | ||
| Q3 25 | $19.7B | $11.2B | ||
| Q2 25 | $20.4B | $11.2B | ||
| Q1 25 | $18.5B | $11.0B | ||
| Q4 24 | $18.0B | $10.9B | ||
| Q3 24 | $17.6B | $11.2B | ||
| Q2 24 | $16.2B | $11.2B | ||
| Q1 24 | $15.8B | $11.4B |
| Q4 25 | 2.58× | — | ||
| Q3 25 | 1.99× | 0.72× | ||
| Q2 25 | 2.07× | — | ||
| Q1 25 | 2.37× | — | ||
| Q4 24 | 2.56× | — | ||
| Q3 24 | — | 0.73× | ||
| 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 | $234.0M |
| Free Cash FlowOCF − Capex | $760.3M | $170.0M |
| FCF MarginFCF / Revenue | 60.9% | 8.1% |
| Capex IntensityCapex / Revenue | 4.2% | 3.0% |
| Cash ConversionOCF / Net Profit | 3.07× | 0.77× |
| TTM Free Cash FlowTrailing 4 quarters | $1.3B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $812.7M | $234.0M | ||
| Q3 25 | $-378.9M | $454.0M | ||
| Q2 25 | $1.1B | $527.0M | ||
| Q1 25 | $-74.2M | $199.0M | ||
| Q4 24 | $648.7M | $364.0M | ||
| Q3 24 | $400.8M | $432.3M | ||
| Q2 24 | $540.9M | $279.1M | ||
| Q1 24 | $350.2M | $119.8M |
| Q4 25 | $760.3M | $170.0M | ||
| Q3 25 | $-429.8M | — | ||
| Q2 25 | $1.1B | $489.0M | ||
| Q1 25 | $-118.9M | $171.0M | ||
| Q4 24 | $604.6M | $293.0M | ||
| Q3 24 | $355.0M | — | ||
| Q2 24 | $496.8M | $238.4M | ||
| Q1 24 | $309.0M | $68.6M |
| Q4 25 | 60.9% | 8.1% | ||
| Q3 25 | -36.7% | — | ||
| Q2 25 | 98.7% | 22.8% | ||
| Q1 25 | -11.8% | 8.5% | ||
| Q4 24 | 58.4% | 15.6% | ||
| Q3 24 | 34.5% | — | ||
| Q2 24 | 50.9% | 11.6% | ||
| Q1 24 | 33.0% | 3.2% |
| Q4 25 | 4.2% | 3.0% | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 4.8% | 1.8% | ||
| Q1 25 | 4.5% | 1.4% | ||
| Q4 24 | 4.3% | 3.8% | ||
| Q3 24 | 4.4% | — | ||
| Q2 24 | 4.5% | 2.0% | ||
| Q1 24 | 4.4% | 2.4% |
| Q4 25 | 3.07× | 0.77× | ||
| Q3 25 | -1.36× | 3.29× | ||
| Q2 25 | 4.01× | 1.79× | ||
| Q1 25 | -0.30× | 0.79× | ||
| Q4 24 | 2.64× | 1.98× | ||
| Q3 24 | 1.45× | 1.81× | ||
| Q2 24 | 2.15× | 1.20× | ||
| Q1 24 | 1.52× | 0.45× |
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% |
ROK
| Productsand Solutions | $1.9B | 89% |
| Lifecycle Services Segment | $259.0M | 12% |
