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Side-by-side financial comparison of Corpay (CPAY) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
Corpay is the larger business by last-quarter revenue ($1.2B vs $766.5M, roughly 1.6× SCANSOURCE, INC.). Corpay runs the higher net margin — 21.2% vs 2.2%, a 19.0% gap on every dollar of revenue. On growth, Corpay posted the faster year-over-year revenue change (20.7% vs 2.5%). Corpay produced more free cash flow last quarter ($760.3M vs $28.9M). Over the past eight quarters, Corpay's revenue compounded faster (15.5% CAGR vs 0.9%).
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.
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
CPAY vs SCSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $766.5M |
| Net Profit | $264.5M | $16.5M |
| Gross Margin | — | 13.4% |
| Operating Margin | 45.2% | 2.3% |
| Net Margin | 21.2% | 2.2% |
| Revenue YoY | 20.7% | 2.5% |
| Net Profit YoY | 7.5% | -3.3% |
| EPS (diluted) | $3.74 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $1.2B | $739.6M | ||
| Q2 25 | $1.1B | $812.9M | ||
| Q1 25 | $1.0B | $704.8M | ||
| Q4 24 | $1.0B | $747.5M | ||
| Q3 24 | $1.0B | $775.6M | ||
| Q2 24 | $975.7M | $746.1M | ||
| Q1 24 | $935.3M | $752.6M |
| Q4 25 | $264.5M | $16.5M | ||
| Q3 25 | $277.9M | $19.9M | ||
| Q2 25 | $284.2M | $20.1M | ||
| Q1 25 | $243.2M | $17.4M | ||
| Q4 24 | $246.0M | $17.1M | ||
| Q3 24 | $276.4M | $17.0M | ||
| Q2 24 | $251.6M | $16.1M | ||
| Q1 24 | $229.8M | $12.8M |
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 12.6% |
| Q4 25 | 45.2% | 2.3% | ||
| Q3 25 | 44.6% | 3.5% | ||
| Q2 25 | 43.5% | 3.3% | ||
| Q1 25 | 42.5% | 3.2% | ||
| Q4 24 | 47.2% | 2.5% | ||
| Q3 24 | 45.5% | 2.3% | ||
| Q2 24 | 44.4% | 2.9% | ||
| Q1 24 | 42.5% | 2.3% |
| Q4 25 | 21.2% | 2.2% | ||
| Q3 25 | 23.7% | 2.7% | ||
| Q2 25 | 25.8% | 2.5% | ||
| Q1 25 | 24.2% | 2.5% | ||
| Q4 24 | 23.8% | 2.3% | ||
| Q3 24 | 26.9% | 2.2% | ||
| Q2 24 | 25.8% | 2.2% | ||
| Q1 24 | 24.6% | 1.7% |
| Q4 25 | $3.74 | $0.75 | ||
| Q3 25 | $3.91 | $0.89 | ||
| Q2 25 | $3.98 | $0.87 | ||
| Q1 25 | $3.40 | $0.74 | ||
| Q4 24 | $3.43 | $0.70 | ||
| Q3 24 | $3.90 | $0.69 | ||
| Q2 24 | $3.52 | $0.66 | ||
| Q1 24 | $3.12 | $0.50 |
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 | $83.5M |
| Total DebtLower is stronger | $10.0B | — |
| Stockholders' EquityBook value | $3.9B | $910.9M |
| Total Assets | $26.4B | $1.7B |
| Debt / EquityLower = less leverage | 2.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4B | $83.5M | ||
| Q3 25 | $2.0B | $124.9M | ||
| Q2 25 | $2.2B | $126.2M | ||
| Q1 25 | $1.6B | $146.3M | ||
| Q4 24 | $1.6B | $110.5M | ||
| Q3 24 | $1.3B | $145.0M | ||
| Q2 24 | $1.4B | $185.5M | ||
| Q1 24 | $1.3B | $159.1M |
| Q4 25 | $10.0B | — | ||
| 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 | $910.9M | ||
| Q3 25 | $4.1B | $914.0M | ||
| Q2 25 | $3.9B | $906.4M | ||
| Q1 25 | $3.5B | $901.7M | ||
| Q4 24 | $3.1B | $900.7M | ||
| Q3 24 | $3.1B | $920.9M | ||
| Q2 24 | $2.8B | $924.3M | ||
| Q1 24 | $3.3B | $944.1M |
| Q4 25 | $26.4B | $1.7B | ||
| Q3 25 | $19.7B | $1.7B | ||
| Q2 25 | $20.4B | $1.8B | ||
| Q1 25 | $18.5B | $1.7B | ||
| Q4 24 | $18.0B | $1.7B | ||
| Q3 24 | $17.6B | $1.8B | ||
| Q2 24 | $16.2B | $1.8B | ||
| Q1 24 | $15.8B | $1.8B |
| Q4 25 | 2.58× | — | ||
| 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 | $30.8M |
| Free Cash FlowOCF − Capex | $760.3M | $28.9M |
| FCF MarginFCF / Revenue | 60.9% | 3.8% |
| Capex IntensityCapex / Revenue | 4.2% | 0.3% |
| Cash ConversionOCF / Net Profit | 3.07× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $1.3B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $812.7M | $30.8M | ||
| Q3 25 | $-378.9M | $23.2M | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $-74.2M | $66.1M | ||
| Q4 24 | $648.7M | $-6.2M | ||
| Q3 24 | $400.8M | $44.8M | ||
| Q2 24 | $540.9M | — | ||
| Q1 24 | $350.2M | $160.2M |
| Q4 25 | $760.3M | $28.9M | ||
| Q3 25 | $-429.8M | $20.8M | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $-118.9M | $64.6M | ||
| Q4 24 | $604.6M | $-8.2M | ||
| Q3 24 | $355.0M | $42.5M | ||
| Q2 24 | $496.8M | — | ||
| Q1 24 | $309.0M | $157.7M |
| Q4 25 | 60.9% | 3.8% | ||
| Q3 25 | -36.7% | 2.8% | ||
| Q2 25 | 98.7% | — | ||
| Q1 25 | -11.8% | 9.2% | ||
| Q4 24 | 58.4% | -1.1% | ||
| Q3 24 | 34.5% | 5.5% | ||
| Q2 24 | 50.9% | — | ||
| Q1 24 | 33.0% | 21.0% |
| Q4 25 | 4.2% | 0.3% | ||
| Q3 25 | 4.3% | 0.3% | ||
| Q2 25 | 4.8% | 0.3% | ||
| Q1 25 | 4.5% | 0.2% | ||
| Q4 24 | 4.3% | 0.3% | ||
| Q3 24 | 4.4% | 0.3% | ||
| Q2 24 | 4.5% | 0.2% | ||
| Q1 24 | 4.4% | 0.3% |
| Q4 25 | 3.07× | 1.87× | ||
| Q3 25 | -1.36× | 1.17× | ||
| Q2 25 | 4.01× | — | ||
| Q1 25 | -0.30× | 3.79× | ||
| Q4 24 | 2.64× | -0.36× | ||
| Q3 24 | 1.45× | 2.64× | ||
| Q2 24 | 2.15× | — | ||
| Q1 24 | 1.52× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
