PAY
Paymentus Holdings, Inc.
Information Technology Services
Market Cap$3.49B
5Y Perf.-8.7%
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Stock Comparison
PAY vs FLYW
Revenue, margins, valuation, and 5-year total return — side by side.
FLYW
Flywire Corporation
Information Technology Services
Market Cap$2.12B
5Y Perf.-48.4%
PAY vs FLYW — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | PAY | FLYW |
|---|---|---|
| Industry | Information Technology Services | Information Technology Services |
| Market Cap | $3.49B | $2.12B |
| Revenue (TTM) | $1.28B | $188.60B |
| Net Income (TTM) | $74M | $12.54B |
| Gross Margin | 24.7% | 0.2% |
| Operating Margin | 6.8% | 5.7% |
| Forward P/E | 35.8x | 49.5x |
| Total Debt | $11M | $0.00 |
| Cash & Equiv. | $325M | $330M |
PAY vs FLYW — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
PAY
FLYW
| Stock | May 21 | May 26 | Return |
|---|---|---|---|
| Paymentus Holdings,… (PAY) | 100 | 91.3 | -8.7% |
| Flywire Corporation (FLYW) | 100 | 51.6 | -48.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: PAY vs FLYW
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: PAY leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Flywire Corporation is the stronger pick specifically for profitability and margin quality and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
PAY
Paymentus Holdings, Inc.
The Income Pick
PAY carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 0 yrs, beta 0.95
- Rev growth 37.3%, EPS growth 48.6%, 3Y rev CAGR 34.0%
- -2.7% 10Y total return vs FLYW's -49.5%
Best for: income & stability and growth exposure
FLYW
Flywire Corporation
The Quality Compounder
FLYW is the clearest fit if your priority is quality and momentum.
- 6.6% margin vs PAY's 5.8%
- +62.7% vs PAY's -21.1%
Best for: quality and momentum
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | PAY | 37.3% revenue growth vs FLYW's 26.6% |
| Value | PAY | Lower P/E (35.8x vs 49.5x) |
| Quality / Margins | FLYW | 6.6% margin vs PAY's 5.8% |
| Stability / Safety | PAY | Beta 0.95 vs FLYW's 1.32 |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | FLYW | +62.7% vs PAY's -21.1% |
| Efficiency (ROA) | PAY | 11.3% ROA vs FLYW's 4.3%, ROIC 21.2% vs 2.1% |
PAY vs FLYW — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
PAY vs FLYW — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLPAYLAGGINGFLYW
FLYWFlywire Corporation
0leads
PAYPaymentus Holdings, I…
3leads
6 Total Categories
CATEGORYLEADERvs FLYWMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
Tied
—
Valuation MetricsMultiples, price ratios, and targets
PAY4/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
PAY4/6
Total Returns1Y, 3Y, 5Y total returns with dividends
PAY4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
Evenly matched — PAY and FLYW each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
FLYW is the larger business by revenue, generating $188.6B annually — 147.4x PAY's $1.3B. Profitability is closely matched — net margins range from 6.6% (FLYW) to 5.8% (PAY). On growth, FLYW holds the edge at +1408.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | PAYPaymentus Holding… | FLYWFlywire Corporati… |
|---|---|---|
| RevenueTrailing 12 months | $1.3B | $188.6B |
| EBITDAEarnings before interest/tax | $127M | $10.8B |
| Net IncomeAfter-tax profit | $74M | $12.5B |
| Free Cash FlowCash after capex | $132M | -$15.8B |
| Gross MarginGross profit ÷ Revenue | +24.7% | +0.2% |
| Operating MarginEBIT ÷ Revenue | +6.8% | +5.7% |
| Net MarginNet income ÷ Revenue | +5.8% | +6.6% |
| FCF MarginFCF ÷ Revenue | +10.3% | -8.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +30.2% | +1408.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +45.5% | +4.0% |
Evenly matched — PAY and FLYW each lead in 3 of 6 comparable metrics.
Valuation Metrics
PAY leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 53.6x trailing earnings, PAY trades at a 67% valuation discount to FLYW's 161.2x P/E. On an enterprise value basis, PAY's 27.2x EV/EBITDA is more attractive than FLYW's 47.8x.
| Metric | PAYPaymentus Holding… | FLYWFlywire Corporati… |
|---|---|---|
| Market CapShares × price | $3.5B | $2.1B |
| Enterprise ValueMkt cap + debt − cash | $3.2B | $1.8B |
| Trailing P/EPrice ÷ TTM EPS | 53.56x | 161.18x |
| Forward P/EPrice ÷ next-FY EPS est. | 35.77x | 49.50x |
| PEG RatioP/E ÷ EPS growth rate | 1.12x | — |
| EV / EBITDAEnterprise value multiple | 27.23x | 47.80x |
| Price / SalesMarket cap ÷ Revenue | 2.92x | 3.40x |
| Price / BookPrice ÷ Book value/share | 6.43x | 2.71x |
| Price / FCFMarket cap ÷ FCF | 21.56x | 21.41x |
PAY leads this category, winning 4 of 6 comparable metrics.
Profitability & Efficiency
PAY leads this category, winning 4 of 6 comparable metrics.
Profitability & Efficiency
PAY delivers a 13.5% return on equity — every $100 of shareholder capital generates $13 in annual profit, vs $6 for FLYW.
| Metric | PAYPaymentus Holding… | FLYWFlywire Corporati… |
|---|---|---|
| ROE (TTM)Return on equity | +13.5% | +5.9% |
| ROA (TTM)Return on assets | +11.3% | +4.3% |
| ROICReturn on invested capital | +21.2% | +2.1% |
| ROCEReturn on capital employed | +14.2% | +1.3% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 6 |
| Debt / EquityFinancial leverage | 0.02x | — |
| Net DebtTotal debt minus cash | -$313M | -$330M |
| Cash & Equiv.Liquid assets | $325M | $330M |
| Total DebtShort + long-term debt | $11M | $0 |
| Interest CoverageEBIT ÷ Interest expense | — | 1.84x |
PAY leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
PAY leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PAY five years ago would be worth $9,734 today (with dividends reinvested), compared to $5,051 for FLYW. Over the past 12 months, FLYW leads with a +62.7% total return vs PAY's -21.1%. The 3-year compound annual growth rate (CAGR) favors PAY at 51.3% vs FLYW's -15.7% — a key indicator of consistent wealth creation.
| Metric | PAYPaymentus Holding… | FLYWFlywire Corporati… |
|---|---|---|
| YTD ReturnYear-to-date | -2.2% | +27.6% |
| 1-Year ReturnPast 12 months | -21.1% | +62.7% |
| 3-Year ReturnCumulative with dividends | +246.4% | -40.1% |
| 5-Year ReturnCumulative with dividends | -2.7% | -49.5% |
| 10-Year ReturnCumulative with dividends | -2.7% | -49.5% |
| CAGR (3Y)Annualised 3-year return | +51.3% | -15.7% |
PAY leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — PAY and FLYW each lead in 1 of 2 comparable metrics.
Risk & Volatility
PAY is the less volatile stock with a 0.95 beta — it tends to amplify market swings less than FLYW's 1.32 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FLYW currently trades 98.2% from its 52-week high vs PAY's 68.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | PAYPaymentus Holding… | FLYWFlywire Corporati… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.95x | 1.32x |
| 52-Week HighHighest price in past year | $40.43 | $18.05 |
| 52-Week LowLowest price in past year | $22.02 | $9.79 |
| % of 52W HighCurrent price vs 52-week peak | +68.9% | +98.2% |
| RSI (14)Momentum oscillator 0–100 | 51.0 | 83.0 |
| Avg Volume (50D)Average daily shares traded | 506K | 1.9M |
Evenly matched — PAY and FLYW each lead in 1 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates PAY as "Hold" and FLYW as "Buy". Consensus price targets imply 19.7% upside for PAY (target: $33) vs -1.3% for FLYW (target: $18).
| Metric | PAYPaymentus Holding… | FLYWFlywire Corporati… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $33.33 | $17.50 |
| # AnalystsCovering analysts | 10 | 19 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 0 | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +3.7% |
Insufficient data to determine a leader in this category.
Key Takeaway
PAY leads in 3 of 6 categories — strongest in Valuation Metrics and Profitability & Efficiency. 2 categories are tied.
Best OverallPaymentus Holdings, Inc. (PAY)Leads 3 of 6 categories
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PAY vs FLYW: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is PAY or FLYW a better buy right now?
For growth investors, Paymentus Holdings, Inc.
(PAY) is the stronger pick with 37. 3% revenue growth year-over-year, versus 26. 6% for Flywire Corporation (FLYW). Paymentus Holdings, Inc. (PAY) offers the better valuation at 53. 6x trailing P/E (35. 8x forward), making it the more compelling value choice. Analysts rate Flywire Corporation (FLYW) a "Buy" — based on 19 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — PAY or FLYW?
On trailing P/E, Paymentus Holdings, Inc.
(PAY) is the cheapest at 53. 6x versus Flywire Corporation at 161. 2x. On forward P/E, Paymentus Holdings, Inc. is actually cheaper at 35. 8x.
03Which is the better long-term investment — PAY or FLYW?
Over the past 5 years, Paymentus Holdings, Inc.
(PAY) delivered a total return of -2. 7%, compared to -49. 5% for Flywire Corporation (FLYW). Over 10 years, the gap is even starker: PAY returned -2. 7% versus FLYW's -49. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — PAY or FLYW?
By beta (market sensitivity over 5 years), Paymentus Holdings, Inc.
(PAY) is the lower-risk stock at 0. 95β versus Flywire Corporation's 1. 32β — meaning FLYW is approximately 39% more volatile than PAY relative to the S&P 500.
05Which is growing faster — PAY or FLYW?
By revenue growth (latest reported year), Paymentus Holdings, Inc.
(PAY) is pulling ahead at 37. 3% versus 26. 6% for Flywire Corporation (FLYW). On earnings-per-share growth, the picture is similar: Flywire Corporation grew EPS 391. 1% year-over-year, compared to 48. 6% for Paymentus Holdings, Inc.. Over a 3-year CAGR, PAY leads at 34. 0% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — PAY or FLYW?
Paymentus Holdings, Inc.
(PAY) is the more profitable company, earning 5. 6% net margin versus 2. 2% for Flywire Corporation — meaning it keeps 5. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PAY leads at 6. 3% versus 1. 8% for FLYW. At the gross margin level — before operating expenses — FLYW leads at 61. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is PAY or FLYW more undervalued right now?
On forward earnings alone, Paymentus Holdings, Inc.
(PAY) trades at 35. 8x forward P/E versus 49. 5x for Flywire Corporation — 13. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PAY: 19. 7% to $33. 33.
08Which pays a better dividend — PAY or FLYW?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is PAY or FLYW better for a retirement portfolio?
For long-horizon retirement investors, Paymentus Holdings, Inc.
(PAY) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 95)). Both have compounded well over 10 years (PAY: -2. 7%, FLYW: -49. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between PAY and FLYW?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(PAY: 30.2% · FLYW: 140858.5%)Net Margin>
%
(PAY: 5.8% · FLYW: 6.6%)P/E Ratio<
x
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