CPAY vs GPN vs TIGO Stock Comparison

Corpay, Global Payments and Millicom International Cellular Prices as of Nov 2, 2026 Peers: Industry group
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CPAY Corpay, Inc.
$409.08 +3.7% 1M +57.1% 1Y
Market cap
$27.38B
P/E
24.0x
Revenue (TTM)
$5.02B
Div. yield
–
Payment Processing Technology
4 wins
GPN Global Payments Inc
$99.62 +27.1% 1M +28.1% 1Y
Market cap
$26.20B
P/E
–
Revenue (TTM)
$10.23B
Div. yield
0.01%
Payment Processing Technology
2 wins

Head to Head

11 decided of 12

Millicom International Cellular leads on 5 of the 12 questions below (Millicom International Cellular 5, Corpay 4, Global Payments 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCPAYGPNTIGOLeader
Larger companyMarket capitalisation $27.38B $26.20B $13.01B CPAY
Cheaper on earningsLower P/E, profitable companies only 24.0x -28.0x 19.6x TIGO
Cheaper on forward earningsLower price / next fiscal year consensus EPS 15.5x 7.6x 20.4x GPN
Faster revenue growthRevenue growth, trailing twelve months +20.4% +32.5% +29.4% GPN
More profitableNet margin, trailing twelve months 22.7% -9.1% 9.2% CPAY
Better return on capitalReturn on invested capital 10.7% 2.3% 16.8% TIGO
Less leveragedLower net debt / EBITDA 2.8x 4.8x 2.0x TIGO
Higher dividend yieldTrailing dividend yield 0.00% 0.01% 0.00% –
Better 1-year returnPrice return, last 12 months +57.1% +28.1% +64.3% TIGO
Better 5-year returnAnnualised price return, 5 years +11.1%/yr -5.9%/yr +16.5%/yr TIGO
Less volatileAnnualised volatility, 1 year 35.5% 41.9% 41.6% CPAY
Higher overall scoreMean of the five percentile scores vs peers 59/100 48/100 59/100 CPAY

Percentile Scorecard

CPAYGPNTIGO

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCPAYGPNTIGO
Valuation 53 #47 of 99 66 #34 of 99 46 #27 of 49
Growth 58 #40 of 94 26 #70 of 94 87 #7 of 47
Profitability 90 #10 of 90 64 #33 of 90 78 #11 of 46
Financial Health 22 #82 of 105 24 #80 of 105 29 #35 of 49
Shareholder Returns 73 #17 of 61 58 #26 of 61 53 #18 of 37
Overall 59 48 59
  • CPAY ranked among 109 companies in Fintech
  • GPN ranked among 109 companies in Fintech
  • TIGO ranked among 51 companies in Telecommunications

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCPAYGPNTIGOSPY
1 month +3.7%+27.1%-12.4% -2.3%
3 months +6.0%+15.6%-17.9% -0.7%
6 months +31.6%+38.7%-7.4% +4.8%
Year to date +35.9%+28.7%+39.6% +10.3%
1 year +57.1%+28.1%+64.3% +10.3%
3 years +72.9%-12.4%+362.5% +73.0%
3 years, per year +20.0%-4.3%+66.7% +20.1%
5 years +69.1%-26.1%+114.5% +61.9%
5 years, per year +11.1%-5.9%+16.5% +10.1%
10 years +169.1%+41.0%— +258.6%
10 years, per year +10.4%+3.5%— +13.6%

Risk

MeasureCPAYGPNTIGOSPY
Volatility, 1Y 35.5%41.9%41.6% 12.8%
Downside volatility, 1Y 32.1%35.9%43.7% 12.8%
Beta vs S&P 500, 1Y 0.740.840.32 1.00
Return / volatility, 1Y 1.610.671.54 0.80
Max drawdown, 5Y -37.3%-58.8%-71.3% -25.4%
From 52-week high -3.8%0.0%-25.8% -3.5%
52-week high $425.23$99.62$104.31 $779.14
52-week low $261.17$62.47$45.81 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCPAYGPNTIGO
P/E now vs peer median 23.5xmedian 20.4x -28.8xmedian 20.4x 19.5xmedian 11.7x
P/S now vs peer median 5.3xmedian 2.2x 2.6xmedian 2.2x 1.8xmedian 1.1x
EV/EBITDA now vs peer median 12.9xmedian 13.7x 11.8xmedian 13.7x 5.8xmedian 6.7x
P/FCF now vs peer median 16.4xmedian 16.4x 32.2xmedian 16.4x 17.2xmedian 5.9x
P/B now vs peer median 7.5xmedian 1.9x 1.1xmedian 1.9x 5.2xmedian 1.4x
PEG now vs peer median 2.03median 1.02 0.62median 1.02 0.06median 0.24

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCPAYGPNTIGO
Revenue $5.02B $10.23B $7.24B
Gross profit – $6.54B –
Operating income $2.20B $1.27B $1.74B
Net income $1.15B -$873.78M $646.00M
Free cash flow $1.64B $822.72M $759.00M
EPS (diluted) $17.20 $-3.46 $3.96
Cash & equivalents $3.16B $5.41B $861.00M
Total debt $10.62B $23.56B $7.65B
Shares (diluted) 66.33M 270.12M 168.00M
Enterprise value $17.26B $3.99B $7.75B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCPAYGPNTIGO
P/E 23.5x -28.8x 19.5x
P/FCF 16.4x 32.2x 17.2x
P/Operating cash flow 14.5x 16.0x 22.2x
P/S 5.3x 2.6x 1.8x
P/B 7.5x 1.1x 5.2x
P/Tangible book 40.2x 6.1x -2.1x
EV/EBITDA 12.9x 11.8x 5.8x
EV/EBIT 15.6x 35.2x 11.4x
EV/Revenue 6.8x 4.4x 2.7x
EV/FCF 20.9x 54.2x 26.2x
EV/Operating cash flow 18.6x 26.9x 33.7x
PEG (3Y EPS CAGR) 2.03 0.62 0.06

Growth

14 metrics
MetricCPAYGPNTIGO
Revenue growth (1Y) 20.4% 32.5% 29.4%
Revenue CAGR (3Y) 11.5% 3.3% 9.4%
Gross profit growth (1Y) – 14.8% –
Gross profit CAGR (3Y) – 5.7% –
Operating income growth (1Y) 17.9% -33.4% 20.0%
Operating income CAGR (3Y) 12.4% -4.4% 28.3%
Net income growth (1Y) 9.4% -158.6% -35.3%
Net income CAGR (3Y) 7.4% -44.6% 146.2%
EPS growth (1Y) 17.0% -158.9% -28.2%
EPS CAGR (3Y) 11.6% -46.2% 351.7%
Operating cash flow growth (1Y) -12.7% -46.4% 69.5%
Operating cash flow CAGR (3Y) 0.6% -9.1% -1.5%
Free cash flow growth (1Y) -15.0% -66.6% 58.1%
Free cash flow CAGR (3Y) -0.2% -19.7% -9.4%

Profitability

14 metrics
MetricCPAYGPNTIGO
Gross margin – 63.9% –
EBITDA margin 53.0% 36.8% 47.1%
Operating margin 43.7% 12.4% 24.0%
Pretax margin 33.3% 5.5% 13.3%
Net margin 22.7% -9.1% 9.2%
FCF margin 32.6% 8.0% 10.5%
Operating cash flow margin 36.8% 16.2% 8.2%
Return on equity 32.2% -3.5% 22.8%
Return on assets 4.2% -1.3% 3.1%
Return on invested capital 10.7% 2.3% 16.8%
Return on capital employed 20.9% 2.5% 11.2%
Asset turnover 0.2x 0.2x 0.3x
Cash conversion (OCF / net income) 1.6x -1.9x 0.9x
Stock comp / revenue 2.3% 1.3% 0.1%

Financial Health

11 metrics
MetricCPAYGPNTIGO
Debt / assets 37.6% 37.1% 37.0%
Debt / equity 3.0x 1.0x 3.1x
Net debt / EBITDA 2.8x 4.8x 2.0x
Debt / FCF 6.5x 28.6x 10.1x
Liabilities / assets 87.3% 62.6% 87.9%
Equity / assets 12.7% 37.4% 12.1%
Interest coverage 5.0x 1.5x 1.9x
Current ratio 1.0x 0.8x 0.5x
Quick ratio 0.5x 0.7x 0.3x
Cash ratio 0.2x 0.4x 0.2x
Altman Z-score 1.61 0.67 1.06

Shareholder Returns

7 metrics
MetricCPAYGPNTIGO
Dividend yield – 1.0% 4.5%
Net buyback yield 6.4% 5.9% –
Shareholder yield 6.4% 6.9% 4.5%
Payout ratio (earnings) – -28.8% –
Payout ratio (FCF) – 30.6% –
Dividend growth (1Y) – 1.8% –
Dividend CAGR (3Y) – -1.7% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCPAYGPNTIGO
Forward P/E 15.5xFY2026 7.6xFY2026 20.4xFY2026
EPS, next fiscal year $26.14FY2026 $12.82FY2026 $3.80FY2026
EPS growth, next FY +22.3%FY2026 +4.9%FY2026 -51.5%FY2026
EPS growth, the year after +17.2% +18.0% +65.5%
Revenue, next fiscal year $5.64BFY2026 $12.66BFY2026 $9.17BFY2026
Revenue growth, next FY +25.3%FY2026 +35.9%FY2026 +57.6%FY2026
Revenue growth, the year after +8.1% +8.4% -4.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCPAYGPNTIGO
Held by institutions 97.9% 100.0% 46.3%
Institutions holding 733 794 438
Change in shares held, QoQ +0.8% +7.4% +7.3%
Institutions buying 390 375 284
Institutions selling 240 308 127
Buyers to sellers 1.63 1.22 2.24

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CPAYGPNTIGO
CPAY 1.00 0.45 0.07
GPN 0.45 1.00 -0.05
TIGO 0.07 -0.05 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, CPAY, GPN and TIGO?

Corpay (CPAY) is the largest by market capitalisation: Corpay (CPAY) $27.38B, Global Payments (GPN) $26.20B, Millicom International Cellular (TIGO) $13.01B.

Which stock is cheaper, CPAY, GPN and TIGO?

Millicom International Cellular (TIGO) trades on the lowest price-to-earnings ratio (Corpay (CPAY) 24.0x, Global Payments (GPN) -28.0x, Millicom International Cellular (TIGO) 19.6x). On next year's consensus earnings, Global Payments (GPN) is cheapest (Corpay (CPAY) 15.5x, Global Payments (GPN) 7.6x, Millicom International Cellular (TIGO) 20.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Global Payments (GPN) grew revenue fastest over the trailing twelve months: Corpay (CPAY) +20.4%, Global Payments (GPN) +32.5%, Millicom International Cellular (TIGO) +29.4%.

Which company is more profitable?

Corpay (CPAY) has the highest net margin (Corpay (CPAY) 22.7%, Global Payments (GPN) -9.1%, Millicom International Cellular (TIGO) 9.2%). On return on invested capital, Millicom International Cellular (TIGO) leads (Corpay (CPAY) 10.7%, Global Payments (GPN) 2.3%, Millicom International Cellular (TIGO) 16.8%).

Which stock has performed better?

Over the past year Millicom International Cellular (TIGO) returned the most: Corpay (CPAY) +57.1%, Global Payments (GPN) +28.1%, Millicom International Cellular (TIGO) +64.3%. Over five years, Millicom International Cellular (TIGO) compounded fastest (Corpay (CPAY) +11.1%/yr, Global Payments (GPN) -5.9%/yr, Millicom International Cellular (TIGO) +16.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Corpay (CPAY) 0.00%, Global Payments (GPN) 0.01%, Millicom International Cellular (TIGO) 0.00%. Corpay (CPAY) and Millicom International Cellular (TIGO) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Corpay (CPAY) has been the steadiest (Corpay (CPAY) 35.5%, Global Payments (GPN) 41.9%, Millicom International Cellular (TIGO) 41.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CPAY, GPN and TIGO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Millicom International Cellular (TIGO) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.