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Side-by-side financial comparison of Corpay (CPAY) and Schneider National, Inc. (SNDR). Click either name above to swap in a different company.
Schneider National, Inc. 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 1.6%, a 19.6% gap on every dollar of revenue. On growth, Corpay posted the faster year-over-year revenue change (20.7% vs 4.5%). Corpay produced more free cash flow last quarter ($760.3M vs $145.5M). Over the past eight quarters, Corpay's revenue compounded faster (15.5% CAGR vs 3.0%).
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.
Schneider National, Inc. is an American transportation company that provides truckload, intermodal, and logistics services. Schneider's services include regional, long-haul, expedited, dedicated, bulk, intermodal, brokerage, cross-dock logistics, pool point distribution, supply chain management, and port logistics.
CPAY vs SNDR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.4B |
| Net Profit | $264.5M | $22.1M |
| Gross Margin | — | — |
| Operating Margin | 45.2% | 2.6% |
| Net Margin | 21.2% | 1.6% |
| Revenue YoY | 20.7% | 4.5% |
| Net Profit YoY | 7.5% | -32.2% |
| EPS (diluted) | $3.74 | $0.13 |
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 | $1.5B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $1.0B | $1.3B | ||
| Q2 24 | $975.7M | $1.3B | ||
| Q1 24 | $935.3M | $1.3B |
| Q4 25 | $264.5M | $22.1M | ||
| Q3 25 | $277.9M | $19.4M | ||
| Q2 25 | $284.2M | $36.0M | ||
| Q1 25 | $243.2M | $26.1M | ||
| Q4 24 | $246.0M | $32.6M | ||
| Q3 24 | $276.4M | $30.6M | ||
| Q2 24 | $251.6M | $35.3M | ||
| Q1 24 | $229.8M | $18.5M |
| Q4 25 | 45.2% | 2.6% | ||
| Q3 25 | 44.6% | 2.4% | ||
| Q2 25 | 43.5% | 3.9% | ||
| Q1 25 | 42.5% | 3.0% | ||
| Q4 24 | 47.2% | 3.2% | ||
| Q3 24 | 45.5% | 3.3% | ||
| Q2 24 | 44.4% | 3.9% | ||
| Q1 24 | 42.5% | 2.2% |
| Q4 25 | 21.2% | 1.6% | ||
| Q3 25 | 23.7% | 1.3% | ||
| Q2 25 | 25.8% | 2.5% | ||
| Q1 25 | 24.2% | 1.9% | ||
| Q4 24 | 23.8% | 2.4% | ||
| Q3 24 | 26.9% | 2.3% | ||
| Q2 24 | 25.8% | 2.7% | ||
| Q1 24 | 24.6% | 1.4% |
| Q4 25 | $3.74 | $0.13 | ||
| Q3 25 | $3.91 | $0.11 | ||
| Q2 25 | $3.98 | $0.20 | ||
| Q1 25 | $3.40 | $0.15 | ||
| Q4 24 | $3.43 | $0.19 | ||
| Q3 24 | $3.90 | $0.17 | ||
| Q2 24 | $3.52 | $0.20 | ||
| Q1 24 | $3.12 | $0.10 |
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 | $41.8M |
| Total DebtLower is stronger | $10.0B | $390.9M |
| Stockholders' EquityBook value | $3.9B | $3.0B |
| Total Assets | $26.4B | $4.8B |
| Debt / EquityLower = less leverage | 2.58× | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4B | $41.8M | ||
| Q3 25 | $2.0B | $235.7M | ||
| Q2 25 | $2.2B | $205.1M | ||
| Q1 25 | $1.6B | $154.3M | ||
| Q4 24 | $1.6B | $165.5M | ||
| Q3 24 | $1.3B | $231.6M | ||
| Q2 24 | $1.4B | $157.2M | ||
| Q1 24 | $1.3B | $124.2M |
| Q4 25 | $10.0B | $390.9M | ||
| Q3 25 | $8.1B | $509.8M | ||
| Q2 25 | $8.1B | $512.7M | ||
| Q1 25 | $8.2B | $565.8M | ||
| Q4 24 | $8.0B | $420.8M | ||
| Q3 24 | — | $124.7M | ||
| Q2 24 | — | $125.8M | ||
| Q1 24 | — | $96.6M |
| Q4 25 | $3.9B | $3.0B | ||
| Q3 25 | $4.1B | $3.0B | ||
| Q2 25 | $3.9B | $3.0B | ||
| Q1 25 | $3.5B | $3.0B | ||
| Q4 24 | $3.1B | $3.0B | ||
| Q3 24 | $3.1B | $3.0B | ||
| Q2 24 | $2.8B | $3.0B | ||
| Q1 24 | $3.3B | $2.9B |
| Q4 25 | $26.4B | $4.8B | ||
| Q3 25 | $19.7B | $5.0B | ||
| Q2 25 | $20.4B | $5.0B | ||
| Q1 25 | $18.5B | $5.0B | ||
| Q4 24 | $18.0B | $4.9B | ||
| Q3 24 | $17.6B | $4.6B | ||
| Q2 24 | $16.2B | $4.5B | ||
| Q1 24 | $15.8B | $4.6B |
| Q4 25 | 2.58× | 0.13× | ||
| Q3 25 | 1.99× | 0.17× | ||
| Q2 25 | 2.07× | 0.17× | ||
| Q1 25 | 2.37× | 0.19× | ||
| Q4 24 | 2.56× | 0.14× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.04× | ||
| Q1 24 | — | 0.03× |
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 | $186.0M |
| Free Cash FlowOCF − Capex | $760.3M | $145.5M |
| FCF MarginFCF / Revenue | 60.9% | 10.4% |
| Capex IntensityCapex / Revenue | 4.2% | 2.9% |
| Cash ConversionOCF / Net Profit | 3.07× | 8.42× |
| TTM Free Cash FlowTrailing 4 quarters | $1.3B | $285.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $812.7M | $186.0M | ||
| Q3 25 | $-378.9M | $184.2M | ||
| Q2 25 | $1.1B | $175.5M | ||
| Q1 25 | $-74.2M | $91.7M | ||
| Q4 24 | $648.7M | $199.5M | ||
| Q3 24 | $400.8M | $206.4M | ||
| Q2 24 | $540.9M | $182.6M | ||
| Q1 24 | $350.2M | $97.6M |
| Q4 25 | $760.3M | $145.5M | ||
| Q3 25 | $-429.8M | $56.2M | ||
| Q2 25 | $1.1B | $106.4M | ||
| Q1 25 | $-118.9M | $-22.7M | ||
| Q4 24 | $604.6M | $113.6M | ||
| Q3 24 | $355.0M | $98.7M | ||
| Q2 24 | $496.8M | $85.5M | ||
| Q1 24 | $309.0M | $-25.7M |
| Q4 25 | 60.9% | 10.4% | ||
| Q3 25 | -36.7% | 3.9% | ||
| Q2 25 | 98.7% | 7.5% | ||
| Q1 25 | -11.8% | -1.6% | ||
| Q4 24 | 58.4% | 8.5% | ||
| Q3 24 | 34.5% | 7.5% | ||
| Q2 24 | 50.9% | 6.5% | ||
| Q1 24 | 33.0% | -1.9% |
| Q4 25 | 4.2% | 2.9% | ||
| Q3 25 | 4.3% | 8.8% | ||
| Q2 25 | 4.8% | 4.9% | ||
| Q1 25 | 4.5% | 8.2% | ||
| Q4 24 | 4.3% | 6.4% | ||
| Q3 24 | 4.4% | 8.2% | ||
| Q2 24 | 4.5% | 7.4% | ||
| Q1 24 | 4.4% | 9.3% |
| Q4 25 | 3.07× | 8.42× | ||
| Q3 25 | -1.36× | 9.49× | ||
| Q2 25 | 4.01× | 4.88× | ||
| Q1 25 | -0.30× | 3.51× | ||
| Q4 24 | 2.64× | 6.12× | ||
| Q3 24 | 1.45× | 6.75× | ||
| Q2 24 | 2.15× | 5.17× | ||
| Q1 24 | 1.52× | 5.28× |
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% |
SNDR
| Transportation | $1.3B | 93% |
| Logistics Management | $52.3M | 4% |
| Other | $46.2M | 3% |
