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Corpay CPAY Net debt / EBITDA

Net debt / EBITDA at other companies

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American ExpressAXP
0.3×+0.3×
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U.S. BancorpUSB
1.2×+0.1×
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Fidelity National Information ServicesFIS
5.2×+2.6×
Affirm Holdings, Inc. logo
Affirm Holdings, Inc.AFRM
9.4×-788×
Global Payments logo
Global PaymentsGPN
5.2×+1.7×
PayPal Holdings, Inc. logo
PayPal Holdings, Inc.PYPL
-1.8×-2.6×

Other financials

Income statement

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Revenue$1.3B+25.4%
Operating income$636.2M+48.9%
Net income$350.1M+43.9%
EPS (diluted)$5.07+49.1%

Balance sheet

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Cash & equivalents$2.5B+63.2%
Total debt$10.4B+26.8%
Total equity$3.5B+1.6%
Total assets$26.7B+43.8%

Cash flow

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Operating cash flow-$56.6M+23.6%
CapEx$51.1M+14.1%
Free cash flow-$107.7M+9.4%

Valuation

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Market cap$23.09B-19.2%
Enterprise value$30.92B-11.2%
P/E19.6×-8.5×
P/S4.8×-2.2×

Profitability

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Operating margin46.1%+1.1pp
Net margin24.6%-0.6pp

Returns & leverage

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Return on equity33.8%+3.5pp
Debt / equity+0.6×
Current ratio-0.1×

Where this comes from

Calculated from Corpay’s reported figures.

Based on the most recent quarter.

The official record: Corpay’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Corpay's net debt / EBITDA?
Corpay (CPAY) reported net debt / EBITDA of 3× in Q1 2026.
How has Corpay's net debt / EBITDA changed year-over-year?
Corpay's net debt / EBITDA decreased by 1.8% year-over-year, from 3× to 3×.
What is the long-term trend for Corpay's net debt / EBITDA?
Over 4 years (2021 to 2025), Corpay's net debt / EBITDA has grown at a 0.4% compound annual growth rate (CAGR), from 11.4× to 11.6×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.