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Side-by-side financial comparison of Corpay (CPAY) and StoneX Group Inc. (SNEX). Click either name above to swap in a different company.
Corpay is the larger business by last-quarter revenue ($1.2B vs $1.2B, roughly 1.0× StoneX Group Inc.). Corpay runs the higher net margin — 21.2% vs 11.6%, a 9.6% gap on every dollar of revenue. On growth, StoneX Group Inc. posted the faster year-over-year revenue change (81.0% vs 20.7%). Corpay produced more free cash flow last quarter ($760.3M vs $-1.3B). Over the past eight quarters, StoneX Group Inc.'s revenue compounded faster (53.5% 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.
StoneX Group Inc. is an American financial services company. The company operates in six areas: commercial hedging, global payments, securities, physical commodities, foreign exchange and clearing and execution services (CES).
CPAY vs SNEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.2B |
| Net Profit | $264.5M | $139.0M |
| Gross Margin | — | — |
| Operating Margin | 45.2% | 15.4% |
| Net Margin | 21.2% | 11.6% |
| Revenue YoY | 20.7% | 81.0% |
| Net Profit YoY | 7.5% | 63.3% |
| EPS (diluted) | $3.74 | $2.50 |
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 | $1.2B | ||
| Q3 25 | $1.2B | $32.7B | ||
| Q2 25 | $1.1B | $851.2M | ||
| Q1 25 | $1.0B | $820.4M | ||
| Q4 24 | $1.0B | $663.1M | ||
| Q3 24 | $1.0B | $31.1B | ||
| Q2 24 | $975.7M | $571.8M | ||
| Q1 24 | $935.3M | $509.2M |
| Q4 25 | $264.5M | $139.0M | ||
| Q3 25 | $277.9M | $85.7M | ||
| Q2 25 | $284.2M | $63.4M | ||
| Q1 25 | $243.2M | $71.7M | ||
| Q4 24 | $246.0M | $85.1M | ||
| Q3 24 | $276.4M | $76.7M | ||
| Q2 24 | $251.6M | $61.9M | ||
| Q1 24 | $229.8M | $53.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 45.2% | 15.4% | ||
| Q3 25 | 44.6% | 0.3% | ||
| Q2 25 | 43.5% | -1.3% | ||
| Q1 25 | 42.5% | -1.0% | ||
| Q4 24 | 47.2% | -3.2% | ||
| Q3 24 | 45.5% | -0.0% | ||
| Q2 24 | 44.4% | -4.7% | ||
| Q1 24 | 42.5% | -2.5% |
| Q4 25 | 21.2% | 11.6% | ||
| Q3 25 | 23.7% | 0.3% | ||
| Q2 25 | 25.8% | 7.4% | ||
| Q1 25 | 24.2% | 8.7% | ||
| Q4 24 | 23.8% | 12.8% | ||
| Q3 24 | 26.9% | 0.2% | ||
| Q2 24 | 25.8% | 10.8% | ||
| Q1 24 | 24.6% | 10.4% |
| Q4 25 | $3.74 | $2.50 | ||
| Q3 25 | $3.91 | $0.72 | ||
| Q2 25 | $3.98 | $1.22 | ||
| Q1 25 | $3.40 | $1.41 | ||
| Q4 24 | $3.43 | $1.69 | ||
| Q3 24 | $3.90 | $2.32 | ||
| Q2 24 | $3.52 | $1.25 | ||
| Q1 24 | $3.12 | $1.09 |
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 | $1.6B |
| Total DebtLower is stronger | $10.0B | — |
| Stockholders' EquityBook value | $3.9B | $2.5B |
| Total Assets | $26.4B | $47.8B |
| Debt / EquityLower = less leverage | 2.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4B | $1.6B | ||
| Q3 25 | $2.0B | $1.6B | ||
| Q2 25 | $2.2B | $1.3B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.6B | $1.4B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.3B | $1.3B |
| 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 | $2.5B | ||
| Q3 25 | $4.1B | $2.4B | ||
| Q2 25 | $3.9B | $2.0B | ||
| Q1 25 | $3.5B | $1.9B | ||
| Q4 24 | $3.1B | $1.8B | ||
| Q3 24 | $3.1B | $1.7B | ||
| Q2 24 | $2.8B | $1.6B | ||
| Q1 24 | $3.3B | $1.5B |
| Q4 25 | $26.4B | $47.8B | ||
| Q3 25 | $19.7B | $45.3B | ||
| Q2 25 | $20.4B | $34.3B | ||
| Q1 25 | $18.5B | $31.3B | ||
| Q4 24 | $18.0B | $29.6B | ||
| Q3 24 | $17.6B | $27.5B | ||
| Q2 24 | $16.2B | $25.9B | ||
| Q1 24 | $15.8B | $25.7B |
| 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 | $-1.3B |
| Free Cash FlowOCF − Capex | $760.3M | $-1.3B |
| FCF MarginFCF / Revenue | 60.9% | -106.4% |
| Capex IntensityCapex / Revenue | 4.2% | 1.3% |
| Cash ConversionOCF / Net Profit | 3.07× | -9.08× |
| TTM Free Cash FlowTrailing 4 quarters | $1.3B | $3.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $812.7M | $-1.3B | ||
| Q3 25 | $-378.9M | $3.5B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $-74.2M | $-154.5M | ||
| Q4 24 | $648.7M | $-477.8M | ||
| Q3 24 | $400.8M | $192.6M | ||
| Q2 24 | $540.9M | $-622.1M | ||
| Q1 24 | $350.2M | $784.0M |
| Q4 25 | $760.3M | $-1.3B | ||
| Q3 25 | $-429.8M | $3.5B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $-118.9M | $-169.8M | ||
| Q4 24 | $604.6M | $-491.4M | ||
| Q3 24 | $355.0M | $175.9M | ||
| Q2 24 | $496.8M | $-640.5M | ||
| Q1 24 | $309.0M | $766.6M |
| Q4 25 | 60.9% | -106.4% | ||
| Q3 25 | -36.7% | 10.7% | ||
| Q2 25 | 98.7% | 173.3% | ||
| Q1 25 | -11.8% | -20.7% | ||
| Q4 24 | 58.4% | -74.1% | ||
| Q3 24 | 34.5% | 0.6% | ||
| Q2 24 | 50.9% | -112.0% | ||
| Q1 24 | 33.0% | 150.5% |
| Q4 25 | 4.2% | 1.3% | ||
| Q3 25 | 4.3% | 0.1% | ||
| Q2 25 | 4.8% | 1.9% | ||
| Q1 25 | 4.5% | 1.9% | ||
| Q4 24 | 4.3% | 2.1% | ||
| Q3 24 | 4.4% | 0.1% | ||
| Q2 24 | 4.5% | 3.2% | ||
| Q1 24 | 4.4% | 3.4% |
| Q4 25 | 3.07× | -9.08× | ||
| Q3 25 | -1.36× | 41.18× | ||
| Q2 25 | 4.01× | 23.52× | ||
| Q1 25 | -0.30× | -2.15× | ||
| Q4 24 | 2.64× | -5.61× | ||
| Q3 24 | 1.45× | 2.51× | ||
| Q2 24 | 2.15× | -10.05× | ||
| Q1 24 | 1.52× | 14.76× |
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% |
SNEX
Segment breakdown not available.
