vs
Corpay（CPAY）与普尔斯马特（PSMT）财务数据对比。点击上方公司名可切换其他公司
普尔斯马特的季度营收约是Corpay的1.1倍（$1.4B vs $1.2B），Corpay净利率更高（21.2% vs 2.9%，领先18.3%），Corpay同比增速更快（20.7% vs 9.9%），Corpay自由现金流更多（$760.3M vs $32.6M），过去两年Corpay的营收复合增速更高（15.5% vs 3.5%）
Corpay总部位于美国佐治亚州亚特兰大，是专业的支付与支出管理服务提供商，旗下系统及服务可帮助客户高效管控采购、支付全流程的相关费用，核心业务覆盖车辆相关支出、住宿支出及企业支付三大领域。
PriceSmart（普尔斯马特）是一家美资会员制仓储商超运营商，业务覆盖中美洲、加勒比地区及南美洲。公司由Price Club的创立者索尔·普莱斯与罗伯特·普莱斯共同创办，罗伯特·普莱斯现任董事会主席。
CPAY vs PSMT — 直观对比
营收规模更大
PSMT
是对方的1.1倍
$1.2B
营收增速更快
CPAY
高出10.7%
9.9%
净利率更高
CPAY
高出18.3%
2.9%
自由现金流更多
CPAY
多$727.7M
$32.6M
两年增速更快
CPAY
近两年复合增速
3.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $264.5M | $40.2M |
| 毛利率 | — | 17.7% |
| 营业利润率 | 45.2% | 4.6% |
| 净利率 | 21.2% | 2.9% |
| 营收同比 | 20.7% | 9.9% |
| 净利润同比 | 7.5% | 7.3% |
| 每股收益（稀释后） | $3.74 | $1.29 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CPAYPSMT
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | $975.7M | $1.2B | ||
| Q1 24 | $935.3M | $1.3B |
净利润CPAYPSMT
| Q4 25 | $264.5M | $40.2M | ||
| Q3 25 | $277.9M | $31.5M | ||
| Q2 25 | $284.2M | $35.2M | ||
| Q1 25 | $243.2M | $43.8M | ||
| Q4 24 | $246.0M | $37.4M | ||
| Q3 24 | $276.4M | $29.1M | ||
| Q2 24 | $251.6M | $32.5M | ||
| Q1 24 | $229.8M | $39.3M |
毛利率CPAYPSMT
| Q4 25 | — | 17.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 17.1% | ||
| Q4 24 | — | 17.4% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率CPAYPSMT
| Q4 25 | 45.2% | 4.6% | ||
| Q3 25 | 44.6% | 4.0% | ||
| Q2 25 | 43.5% | 4.3% | ||
| Q1 25 | 42.5% | 4.8% | ||
| Q4 24 | 47.2% | 4.6% | ||
| Q3 24 | 45.5% | 4.0% | ||
| Q2 24 | 44.4% | 4.1% | ||
| Q1 24 | 42.5% | 4.9% |
净利率CPAYPSMT
| Q4 25 | 21.2% | 2.9% | ||
| Q3 25 | 23.7% | 2.4% | ||
| Q2 25 | 25.8% | 2.7% | ||
| Q1 25 | 24.2% | 3.2% | ||
| Q4 24 | 23.8% | 3.0% | ||
| Q3 24 | 26.9% | 2.4% | ||
| Q2 24 | 25.8% | 2.6% | ||
| Q1 24 | 24.6% | 3.0% |
每股收益（稀释后）CPAYPSMT
| Q4 25 | $3.74 | $1.29 | ||
| Q3 25 | $3.91 | $1.02 | ||
| Q2 25 | $3.98 | $1.14 | ||
| Q1 25 | $3.40 | $1.45 | ||
| Q4 24 | $3.43 | $1.21 | ||
| Q3 24 | $3.90 | $0.94 | ||
| Q2 24 | $3.52 | $1.08 | ||
| Q1 24 | $3.12 | $1.31 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $2.4B | $320.6M |
| 总债务越低越好 | $10.0B | $180.3M |
| 股东权益账面价值 | $3.9B | $1.3B |
| 总资产 | $26.4B | $2.4B |
| 负债/权益比越低杠杆越低 | 2.58× | 0.14× |
8季度趋势，按日历期对齐
现金及短期投资CPAYPSMT
| Q4 25 | $2.4B | $320.6M | ||
| Q3 25 | $2.0B | $314.2M | ||
| Q2 25 | $2.2B | $262.4M | ||
| Q1 25 | $1.6B | $247.3M | ||
| Q4 24 | $1.6B | $222.2M | ||
| Q3 24 | $1.3B | $225.5M | ||
| Q2 24 | $1.4B | $228.2M | ||
| Q1 24 | $1.3B | $264.2M |
总债务CPAYPSMT
| Q4 25 | $10.0B | $180.3M | ||
| Q3 25 | $8.1B | $186.6M | ||
| Q2 25 | $8.1B | $103.1M | ||
| Q1 25 | $8.2B | $107.1M | ||
| Q4 24 | $8.0B | $115.6M | ||
| Q3 24 | — | $130.4M | ||
| Q2 24 | — | $135.1M | ||
| Q1 24 | — | $140.0M |
股东权益CPAYPSMT
| Q4 25 | $3.9B | $1.3B | ||
| Q3 25 | $4.1B | $1.2B | ||
| Q2 25 | $3.9B | $1.2B | ||
| Q1 25 | $3.5B | $1.2B | ||
| Q4 24 | $3.1B | $1.2B | ||
| Q3 24 | $3.1B | $1.1B | ||
| Q2 24 | $2.8B | $1.1B | ||
| Q1 24 | $3.3B | $1.1B |
总资产CPAYPSMT
| Q4 25 | $26.4B | $2.4B | ||
| Q3 25 | $19.7B | $2.3B | ||
| Q2 25 | $20.4B | $2.1B | ||
| Q1 25 | $18.5B | $2.1B | ||
| Q4 24 | $18.0B | $2.1B | ||
| Q3 24 | $17.6B | $2.0B | ||
| Q2 24 | $16.2B | $2.0B | ||
| Q1 24 | $15.8B | $2.0B |
负债/权益比CPAYPSMT
| Q4 25 | 2.58× | 0.14× | ||
| Q3 25 | 1.99× | 0.15× | ||
| Q2 25 | 2.07× | 0.08× | ||
| Q1 25 | 2.37× | 0.09× | ||
| Q4 24 | 2.56× | 0.10× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.13× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $812.7M | $71.2M |
| 自由现金流经营现金流 - 资本支出 | $760.3M | $32.6M |
| 自由现金流率自由现金流/营收 | 60.9% | 2.4% |
| 资本支出强度资本支出/营收 | 4.2% | 2.8% |
| 现金转化率经营现金流/净利润 | 3.07× | 1.77× |
| 过去12个月自由现金流最近4个季度 | $1.3B | $125.5M |
8季度趋势，按日历期对齐
经营现金流CPAYPSMT
| Q4 25 | $812.7M | $71.2M | ||
| Q3 25 | $-378.9M | $82.1M | ||
| Q2 25 | $1.1B | $52.8M | ||
| Q1 25 | $-74.2M | $87.9M | ||
| Q4 24 | $648.7M | $38.5M | ||
| Q3 24 | $400.8M | $41.8M | ||
| Q2 24 | $540.9M | $38.1M | ||
| Q1 24 | $350.2M | $86.6M |
自由现金流CPAYPSMT
| Q4 25 | $760.3M | $32.6M | ||
| Q3 25 | $-429.8M | $25.6M | ||
| Q2 25 | $1.1B | $14.0M | ||
| Q1 25 | $-118.9M | $53.2M | ||
| Q4 24 | $604.6M | $10.3M | ||
| Q3 24 | $355.0M | $15.2M | ||
| Q2 24 | $496.8M | $-308.0K | ||
| Q1 24 | $309.0M | $16.4M |
自由现金流率CPAYPSMT
| Q4 25 | 60.9% | 2.4% | ||
| Q3 25 | -36.7% | 1.9% | ||
| Q2 25 | 98.7% | 1.1% | ||
| Q1 25 | -11.8% | 3.9% | ||
| Q4 24 | 58.4% | 0.8% | ||
| Q3 24 | 34.5% | 1.2% | ||
| Q2 24 | 50.9% | -0.0% | ||
| Q1 24 | 33.0% | 1.3% |
资本支出强度CPAYPSMT
| Q4 25 | 4.2% | 2.8% | ||
| Q3 25 | 4.3% | 4.2% | ||
| Q2 25 | 4.8% | 2.9% | ||
| Q1 25 | 4.5% | 2.5% | ||
| Q4 24 | 4.3% | 2.2% | ||
| Q3 24 | 4.4% | 2.2% | ||
| Q2 24 | 4.5% | 3.1% | ||
| Q1 24 | 4.4% | 5.4% |
现金转化率CPAYPSMT
| Q4 25 | 3.07× | 1.77× | ||
| Q3 25 | -1.36× | 2.60× | ||
| Q2 25 | 4.01× | 1.50× | ||
| Q1 25 | -0.30× | 2.01× | ||
| Q4 24 | 2.64× | 1.03× | ||
| Q3 24 | 1.45× | 1.44× | ||
| Q2 24 | 2.15× | 1.17× | ||
| Q1 24 | 1.52× | 2.20× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CPAY
| Vehicle Payments | $572.9M | 46% |
| Corporate Payments | $480.8M | 39% |
| Lodging Payments | $112.5M | 9% |
| Other Operating Segments | $82.1M | 7% |
PSMT
| Fresh Foods | $454.9M | 33% |
| Caribbean Operations Segment | $396.5M | 29% |
| Colombia Operations Segment | $204.1M | 15% |
| Hardlines | $162.6M | 12% |
| Softlines | $99.8M | 7% |
| ship Income Member | $24.5M | 2% |
| Health Services | $14.5M | 1% |
| Other Revenue And Income | $4.2M | 0% |
| United States Operations Segment | $510.0K | 0% |
| Export Sales | $359.0K | 0% |
