Corpay vs Shift4 Payments
Corpay and Shift4 Payments are similar in size: $4.53bn and $4.18bn of revenue in their latest fiscal years. Shift4 Payments grew faster (25.5% against 13.9%). Corpay kept more of each dollar of sales as profit: a net margin of 23.6% against 2.8%.
| Latest fiscal year | CorpayCPAY, 2025 | Shift4 PaymentsFOUR, 2025 |
|---|---|---|
| Revenue | $4.53bn | $4.18bn |
| Revenue growth | 13.9% | 25.5% |
| Net income | $1.07bn | $119m |
| Operating margin | — | 8.4% |
| Net margin | 23.6% | 2.8% |
| Return on equity | 30.5% | 10.6% |
| Free cash flow | $1.30bn | $624m |
| Cash | $2.41bn | $964m |
| Total debt | $10.00bn | $4.59bn |
| Debt to equity | — | 318.2% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $783m | $453m |
| Employees | 11,200 | 6,300 |
| Market value | $26.76bn | $55.4m |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 80 (Strong) | 17 (Weak) |
| Insider trades, 12 months | 1 buys, 45 sales | 6 buys, 4 sales |