Corpay Inc (CPAY) - Net Assets
Based on the latest financial reports, Corpay Inc (CPAY) has net assets worth $4.23 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($26.42 Billion) and total liabilities ($22.19 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check CPAY goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.23 Billion |
| % of Total Assets | 16.01% |
| Annual Growth Rate | 10.74% |
| 5-Year Change | 47.52% |
| 10-Year Change | 37.11% |
| Growth Volatility | 32.83 |
Corpay Inc - Net Assets Trend (2013–2025)
This chart illustrates how Corpay Inc's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Corpay Inc to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Corpay Inc (2013–2025)
The table below shows the annual net assets of Corpay Inc from 2013 to 2025. For live valuation and market cap data, see CPAY company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $4.23 Billion | +34.41% |
| 2024-12-31 | $3.15 Billion | -4.15% |
| 2023-12-31 | $3.28 Billion | +29.15% |
| 2022-12-31 | $2.54 Billion | -11.34% |
| 2021-12-31 | $2.87 Billion | -14.57% |
| 2020-12-31 | $3.36 Billion | -9.60% |
| 2019-12-31 | $3.71 Billion | +11.12% |
| 2018-12-31 | $3.34 Billion | -9.15% |
| 2017-12-31 | $3.68 Billion | +19.21% |
| 2016-12-31 | $3.08 Billion | +8.97% |
| 2015-12-31 | $2.83 Billion | +8.08% |
| 2014-12-31 | $2.62 Billion | +110.51% |
| 2013-12-31 | $1.24 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Corpay Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 891.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $10.26 Billion | 264.29% |
| Common Stock | $132.00K | 0.00% |
| Other Comprehensive Income | $-1.39 Billion | -35.84% |
| Total Equity | $3.88 Billion | 100.00% |
Corpay Inc Competitors by Market Cap
The table below lists competitors of Corpay Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Naver Corporation
KO:035420
|
$23.81 Billion |
|
KeyCorp
NYSE:KEY
|
$23.85 Billion |
|
Compagnie Generale des Etablissements Michelin SCA
PA:ML
|
$23.87 Billion |
|
GE HEALTHCARE TECH.INC.
F:L0T
|
$23.88 Billion |
|
TechnipFMC PLC
F:1T1
|
$23.79 Billion |
|
BK MANDIRI (PE).ADR/20 ON
F:PQ90
|
$23.73 Billion |
|
ABN AMRO BK.UNSP.ADR/1
F:AB2A
|
$23.71 Billion |
|
China Securities Co Ltd
SHG:601066
|
$23.67 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Corpay Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,122,342,000 to 3,883,864,000, a change of 761,522,000 (24.4%).
- Net income of 1,069,826,000 contributed positively to equity growth.
- Share repurchases of 782,818,000 reduced equity.
- Other comprehensive income increased equity by 321,842,000.
- Other factors increased equity by 152,672,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.07 Billion | +27.55% |
| Share Repurchases | $782.82 Million | -20.16% |
| Other Comprehensive Income | $321.84 Million | +8.29% |
| Other Changes | $152.67 Million | +3.93% |
| Total Change | $- | 24.39% |
Book Value vs Market Value Analysis
This analysis compares Corpay Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 6.32x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 23.50x to 6.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $14.69 | $345.28 | x |
| 2014-12-31 | $30.10 | $345.28 | x |
| 2015-12-31 | $30.06 | $345.28 | x |
| 2016-12-31 | $32.39 | $345.28 | x |
| 2017-12-31 | $39.28 | $345.28 | x |
| 2018-12-31 | $36.25 | $345.28 | x |
| 2019-12-31 | $41.21 | $345.28 | x |
| 2020-12-31 | $38.69 | $345.28 | x |
| 2021-12-31 | $34.10 | $345.28 | x |
| 2022-12-31 | $33.07 | $345.28 | x |
| 2023-12-31 | $44.13 | $345.28 | x |
| 2024-12-31 | $43.46 | $345.28 | x |
| 2025-12-31 | $54.66 | $345.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Corpay Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 27.55%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.62%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 6.80x
- Recent ROE (27.55%) is above the historical average (23.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 22.87% | 31.78% | 0.23x | 3.16x | $160.11 Million |
| 2014 | 14.08% | 30.74% | 0.14x | 3.26x | $106.85 Million |
| 2015 | 12.81% | 21.28% | 0.22x | 2.79x | $79.43 Million |
| 2016 | 14.67% | 24.70% | 0.19x | 3.12x | $143.98 Million |
| 2017 | 20.13% | 32.90% | 0.20x | 3.08x | $372.55 Million |
| 2018 | 24.29% | 33.35% | 0.22x | 3.35x | $477.46 Million |
| 2019 | 24.12% | 33.79% | 0.22x | 3.30x | $523.91 Million |
| 2020 | 20.99% | 29.48% | 0.21x | 3.34x | $368.67 Million |
| 2021 | 29.29% | 29.63% | 0.21x | 4.68x | $552.84 Million |
| 2022 | 37.55% | 27.85% | 0.24x | 5.54x | $700.18 Million |
| 2023 | 29.91% | 26.13% | 0.24x | 4.71x | $653.65 Million |
| 2024 | 32.15% | 25.25% | 0.22x | 5.75x | $691.51 Million |
| 2025 | 27.55% | 23.62% | 0.17x | 6.80x | $681.44 Million |
Industry Comparison
This section compares Corpay Inc's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $179,428,714
- Average return on equity (ROE) among peers: 2396.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Corpay Inc (CPAY) | $4.23 Billion | 22.87% | 5.25x | $23.81 Billion |
| ACI Worldwide Inc (ACIW) | $754.92 Million | 17.16% | 1.52x | $4.48 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $26.91 Million | -95.01% | 0.21x | $855.27 Million |
| Aeva Technologies, Inc. Common Stock (AEVA) | $-52.29 Million | 0.00% | 0.00x | $906.22 Million |
| Allied Gaming & Entertainment Inc. (AGAE) | $139.33 Million | 0.07% | 0.00x | $22.76 Million |
| Axe Compute Inc. (AGPU) | $-3.22 Million | 0.00% | 0.00x | $31.41 Million |
| C3 Ai Inc (AI) | $873.35 Million | -32.03% | 0.19x | $1.41 Billion |
| All In FutureTech Alliance Inc. (AIFA) | $24.02 Million | -127.45% | 1.73x | $14.74 Million |
| AI Financial Corporation (AIFC) | $16.10 Million | -47.01% | 3.70x | $93.62 Million |
| iLearningEngines, Inc. (AILE) | $28.28K | 24250.25% | 3.12x | $59.29 Million |
| PowerFleet, Inc. (AIOT) | $15.14 Million | 1.37% | 0.05x | $457.44 Million |
About Corpay Inc
Corpay, Inc. operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, vehicle compliance, fleet maintenance, and long-haul transportation services, as well as pre… Read more