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Side-by-side financial comparison of Corpay (CPAY) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.1× Corpay). Corpay runs the higher net margin — 21.2% vs 3.1%, a 18.0% gap on every dollar of revenue. On growth, Corpay posted the faster year-over-year revenue change (20.7% vs 2.6%). Corpay produced more free cash flow last quarter ($760.3M vs $257.7M). Over the past eight quarters, Corpay's revenue compounded faster (15.5% CAGR vs 2.7%).
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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
CPAY vs SEE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.4B |
| Net Profit | $264.5M | $43.8M |
| Gross Margin | — | 28.6% |
| Operating Margin | 45.2% | 11.4% |
| Net Margin | 21.2% | 3.1% |
| Revenue YoY | 20.7% | 2.6% |
| Net Profit YoY | 7.5% | 700.0% |
| EPS (diluted) | $3.74 | $0.30 |
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 | $1.4B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $1.0B | $1.4B | ||
| Q3 24 | $1.0B | $1.3B | ||
| Q2 24 | $975.7M | $1.3B | ||
| Q1 24 | $935.3M | $1.3B |
| Q4 25 | $264.5M | $43.8M | ||
| Q3 25 | $277.9M | $255.1M | ||
| Q2 25 | $284.2M | $93.1M | ||
| Q1 25 | $243.2M | $113.5M | ||
| Q4 24 | $246.0M | $-7.3M | ||
| Q3 24 | $276.4M | $91.7M | ||
| Q2 24 | $251.6M | $98.3M | ||
| Q1 24 | $229.8M | $82.0M |
| Q4 25 | — | 28.6% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 30.7% | ||
| Q1 25 | — | 30.9% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 30.1% | ||
| Q2 24 | — | 31.2% | ||
| Q1 24 | — | 30.3% |
| Q4 25 | 45.2% | 11.4% | ||
| Q3 25 | 44.6% | 13.8% | ||
| Q2 25 | 43.5% | 15.0% | ||
| Q1 25 | 42.5% | 14.5% | ||
| Q4 24 | 47.2% | 11.7% | ||
| Q3 24 | 45.5% | 13.9% | ||
| Q2 24 | 44.4% | 15.4% | ||
| Q1 24 | 42.5% | 14.0% |
| Q4 25 | 21.2% | 3.1% | ||
| Q3 25 | 23.7% | 19.0% | ||
| Q2 25 | 25.8% | 7.0% | ||
| Q1 25 | 24.2% | 9.0% | ||
| Q4 24 | 23.8% | -0.5% | ||
| Q3 24 | 26.9% | 6.9% | ||
| Q2 24 | 25.8% | 7.4% | ||
| Q1 24 | 24.6% | 6.2% |
| Q4 25 | $3.74 | $0.30 | ||
| Q3 25 | $3.91 | $1.73 | ||
| Q2 25 | $3.98 | $0.63 | ||
| Q1 25 | $3.40 | $0.77 | ||
| Q4 24 | $3.43 | $-0.05 | ||
| Q3 24 | $3.90 | $0.63 | ||
| Q2 24 | $3.52 | $0.67 | ||
| Q1 24 | $3.12 | $0.56 |
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 | $344.0M |
| Total DebtLower is stronger | $10.0B | $3.3B |
| Stockholders' EquityBook value | $3.9B | $1.2B |
| Total Assets | $26.4B | $7.0B |
| Debt / EquityLower = less leverage | 2.58× | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4B | $344.0M | ||
| Q3 25 | $2.0B | $282.5M | ||
| Q2 25 | $2.2B | $354.4M | ||
| Q1 25 | $1.6B | $335.2M | ||
| Q4 24 | $1.6B | $371.8M | ||
| Q3 24 | $1.3B | $386.0M | ||
| Q2 24 | $1.4B | $388.6M | ||
| Q1 24 | $1.3B | $352.8M |
| Q4 25 | $10.0B | $3.3B | ||
| Q3 25 | $8.1B | $4.0B | ||
| Q2 25 | $8.1B | $4.0B | ||
| Q1 25 | $8.2B | $4.2B | ||
| Q4 24 | $8.0B | $4.2B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $3.9B | $1.2B | ||
| Q3 25 | $4.1B | $1.2B | ||
| Q2 25 | $3.9B | $953.1M | ||
| Q1 25 | $3.5B | $797.9M | ||
| Q4 24 | $3.1B | $624.5M | ||
| Q3 24 | $3.1B | $771.2M | ||
| Q2 24 | $2.8B | $650.1M | ||
| Q1 24 | $3.3B | $598.3M |
| Q4 25 | $26.4B | $7.0B | ||
| Q3 25 | $19.7B | $7.1B | ||
| Q2 25 | $20.4B | $7.2B | ||
| Q1 25 | $18.5B | $7.0B | ||
| Q4 24 | $18.0B | $7.0B | ||
| Q3 24 | $17.6B | $7.3B | ||
| Q2 24 | $16.2B | $7.3B | ||
| Q1 24 | $15.8B | $7.2B |
| Q4 25 | 2.58× | 2.65× | ||
| Q3 25 | 1.99× | 3.34× | ||
| Q2 25 | 2.07× | 4.18× | ||
| Q1 25 | 2.37× | 5.26× | ||
| Q4 24 | 2.56× | 6.72× | ||
| Q3 24 | — | 5.62× | ||
| Q2 24 | — | 6.81× | ||
| Q1 24 | — | 7.49× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | $760.3M | $257.7M |
| FCF MarginFCF / Revenue | 60.9% | 18.5% |
| Capex IntensityCapex / Revenue | 4.2% | 2.6% |
| Cash ConversionOCF / Net Profit | 3.07× | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | $1.3B | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $812.7M | $293.6M | ||
| Q3 25 | $-378.9M | $165.9M | ||
| Q2 25 | $1.1B | $136.6M | ||
| Q1 25 | $-74.2M | $31.9M | ||
| Q4 24 | $648.7M | $244.2M | ||
| Q3 24 | $400.8M | $170.5M | ||
| Q2 24 | $540.9M | $188.2M | ||
| Q1 24 | $350.2M | $125.1M |
| Q4 25 | $760.3M | $257.7M | ||
| Q3 25 | $-429.8M | $119.6M | ||
| Q2 25 | $1.1B | $93.2M | ||
| Q1 25 | $-118.9M | $-12.0M | ||
| Q4 24 | $604.6M | $185.1M | ||
| Q3 24 | $355.0M | $115.2M | ||
| Q2 24 | $496.8M | $129.5M | ||
| Q1 24 | $309.0M | $78.0M |
| Q4 25 | 60.9% | 18.5% | ||
| Q3 25 | -36.7% | 8.9% | ||
| Q2 25 | 98.7% | 7.0% | ||
| Q1 25 | -11.8% | -0.9% | ||
| Q4 24 | 58.4% | 13.6% | ||
| Q3 24 | 34.5% | 8.6% | ||
| Q2 24 | 50.9% | 9.7% | ||
| Q1 24 | 33.0% | 5.9% |
| Q4 25 | 4.2% | 2.6% | ||
| Q3 25 | 4.3% | 3.4% | ||
| Q2 25 | 4.8% | 3.3% | ||
| Q1 25 | 4.5% | 3.5% | ||
| Q4 24 | 4.3% | 4.4% | ||
| Q3 24 | 4.4% | 4.1% | ||
| Q2 24 | 4.5% | 4.4% | ||
| Q1 24 | 4.4% | 3.6% |
| Q4 25 | 3.07× | 6.70× | ||
| Q3 25 | -1.36× | 0.65× | ||
| Q2 25 | 4.01× | 1.47× | ||
| Q1 25 | -0.30× | 0.28× | ||
| Q4 24 | 2.64× | — | ||
| Q3 24 | 1.45× | 1.86× | ||
| Q2 24 | 2.15× | 1.91× | ||
| Q1 24 | 1.52× | 1.53× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
