Comprehensive Stock Comparison
Compare Remitly Global, Inc. (RELY) vs Corpay, Inc. (CPAY) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | RELY | 29.4% revenue growth vs CPAY's 5.8% |
| Value | CPAY | Lower P/E (12.5x vs 14.5x) |
| Quality / Margins | CPAY | 24.4% net margin vs RELY's 1.4% |
| Stability / Safety | RELY | Beta 0.95 vs CPAY's 1.46, lower leverage |
| Dividends | Tie | Neither pays a meaningful dividend |
| Momentum (1Y) | CPAY | -11.4% vs RELY's -30.4% |
| Efficiency (ROA) | CPAY | 5.3% ROA vs RELY's 1.7%, ROIC 14.7% vs 14.0% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Remitly operates a digital financial services platform focused on cross-border money transfers for immigrants and their families. It generates revenue primarily from transaction fees on remittances — earning a spread on foreign exchange rates — with additional income from its banking products like Passbook. The company's competitive advantage lies in its mobile-first digital platform that offers faster, cheaper, and more transparent transfers than traditional remittance channels, combined with deep understanding of immigrant financial needs.
Corpay is a global payments company that helps businesses manage vehicle-related expenses, corporate payments, and lodging costs. It generates revenue primarily through transaction fees from its vehicle payment solutions — fuel, tolls, and fleet maintenance — and corporate payment automation services, with its cross-border and virtual card products forming significant segments. The company's competitive advantage lies in its specialized vertical expertise in complex business payments and its established network of merchants and fuel providers across multiple countries.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
CPAY leads in 2 of 6 categories (Financial Metrics, Total Returns). RELY leads in 1 (Profitability & Efficiency). 2 tied.
Financial Metrics (TTM)
CPAY is the larger business by revenue, generating $4.3B annually — 2.8x RELY's $1.5B. CPAY is the more profitable business, keeping 24.4% of every revenue dollar as net income compared to RELY's 1.4%. On growth, RELY holds the edge at +24.7% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | RELYRemitly Global, I… | CPAYCorpay, Inc. |
|---|---|---|
| RevenueTrailing 12 months | $1.5B | $4.3B |
| EBITDAEarnings before interest/tax | $63M | $2.3B |
| Net IncomeAfter-tax profit | $21M | $1.1B |
| Free Cash FlowCash after capex | $193M | $1.1B |
| Gross MarginGross profit ÷ Revenue | +59.5% | +76.1% |
| Operating MarginEBIT ÷ Revenue | +2.3% | +44.5% |
| Net MarginNet income ÷ Revenue | +1.4% | +24.4% |
| FCF MarginFCF ÷ Revenue | +12.5% | +26.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +24.7% | +13.9% |
| EPS Growth (YoY)Latest quarter vs prior year | — | +0.3% |
Valuation Metrics
At 23.3x trailing earnings, CPAY trades at a 57% valuation discount to RELY's 53.9x P/E. On an enterprise value basis, CPAY's 13.7x EV/EBITDA is more attractive than RELY's 30.7x.
| Metric | RELYRemitly Global, I… | CPAYCorpay, Inc. |
|---|---|---|
| Market CapShares × price | $3.5B | $22.8B |
| Enterprise ValueMkt cap + debt − cash | $3.1B | $29.3B |
| Trailing P/EPrice ÷ TTM EPS | 53.87x | 23.27x |
| Forward P/EPrice ÷ next-FY EPS est. | 14.52x | 12.50x |
| PEG RatioP/E ÷ EPS growth rate | — | 3.30x |
| EV / EBITDAEnterprise value multiple | 30.69x | 13.68x |
| Price / SalesMarket cap ÷ Revenue | 2.14x | 5.74x |
| Price / BookPrice ÷ Book value/share | 4.18x | 7.42x |
| Price / FCFMarket cap ÷ FCF | 11.82x | 12.92x |
Profitability & Efficiency
CPAY delivers a 25.5% return on equity — every $100 of shareholder capital generates $26 in annual profit, vs $3 for RELY. RELY carries lower financial leverage with a 0.22x debt-to-equity ratio, signaling a more conservative balance sheet compared to CPAY's 2.54x. On the Piotroski fundamental quality scale (0–9), RELY scores 5/9 vs CPAY's 4/9, reflecting solid financial health.
| Metric | RELYRemitly Global, I… | CPAYCorpay, Inc. |
|---|---|---|
| ROE (TTM)Return on equity | +2.6% | +25.5% |
| ROA (TTM)Return on assets | +1.7% | +5.3% |
| ROICReturn on invested capital | +14.0% | +14.7% |
| ROCEReturn on capital employed | +8.9% | +20.0% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 4 |
| Debt / EquityFinancial leverage | 0.22x | 2.54x |
| Net DebtTotal debt minus cash | -$350M | $6.4B |
| Cash & Equiv.Liquid assets | $542M | $1.6B |
| Total DebtShort + long-term debt | $192M | $8.0B |
| Interest CoverageEBIT ÷ Interest expense | 6.03x | 4.97x |
Total Returns (with DRIP)
A $10,000 investment in CPAY five years ago would be worth $11,508 today (with dividends reinvested), compared to $3,447 for RELY. Over the past 12 months, CPAY leads with a -11.4% total return vs RELY's -30.4%. The 3-year compound annual growth rate (CAGR) favors CPAY at 14.8% vs RELY's 4.5% — a key indicator of consistent wealth creation.
| Metric | RELYRemitly Global, I… | CPAYCorpay, Inc. |
|---|---|---|
| YTD ReturnYear-to-date | +26.3% | +8.2% |
| 1-Year ReturnPast 12 months | -30.4% | -11.4% |
| 3-Year ReturnCumulative with dividends | +14.1% | +51.4% |
| 5-Year ReturnCumulative with dividends | -65.5% | +15.1% |
| 10-Year ReturnCumulative with dividends | -65.5% | +154.6% |
| CAGR (3Y)Annualised 3-year return | +4.5% | +14.8% |
Risk & Volatility
RELY is the less volatile stock with a 0.95 beta — it tends to amplify market swings less than CPAY's 1.46 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CPAY currently trades 86.6% from its 52-week high vs RELY's 67.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | RELYRemitly Global, I… | CPAYCorpay, Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.95x | 1.46x |
| 52-Week HighHighest price in past year | $24.71 | $375.61 |
| 52-Week LowLowest price in past year | $12.08 | $252.84 |
| % of 52W HighCurrent price vs 52-week peak | +67.6% | +86.6% |
| RSI (14)Momentum oscillator 0–100 | 69.1 | 50.9 |
| Avg Volume (50D)Average daily shares traded | 3.0M | 512K |
Analyst Outlook
Wall Street rates RELY as "Buy" and CPAY as "Buy". Consensus price targets imply 22.8% upside for RELY (target: $21) vs 11.4% for CPAY (target: $362).
| Metric | RELYRemitly Global, I… | CPAYCorpay, Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $20.50 | $362.29 |
| # AnalystsCovering analysts | 13 | 18 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.7% | +5.6% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Sep 21 | Feb 26 | Change |
|---|---|---|---|
| Remitly Global, Inc. (RELY) | 100 | 27.51 | -72.5% |
| Corpay, Inc. (CPAY) | 100 | 114.31 | +14.3% |
Corpay, Inc. (CPAY) returned +15% over 5 years vs Remitly Global, Inc. (RELY)'s -66%. A $10,000 investment in CPAY 5 years ago would be worth $11,508 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Remitly Global, Inc. (RELY) | $1.2B | $1.6B | +30.8% |
| Corpay, Inc. (CPAY) | $1.8B | $4.0B | +117.0% |
Remitly Global, Inc.'s revenue grew from $1.2B (2016) to $1.6B (2025) — a 3.0% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Remitly Global, Inc. (RELY) | -8.3% | 4.2% | +150.3% |
| Corpay, Inc. (CPAY) | 24.7% | 25.3% | +2.2% |
Remitly Global, Inc.'s net margin went from -8% (2016) to 4% (2025).
Chart 4P/E Ratio History — 8 Years
| Stock | 2017 | 2024 | Change |
|---|---|---|---|
| Corpay, Inc. (CPAY) | 24.3 | 24.2 | -0.4% |
Corpay, Inc. has traded in a 15x–34x P/E range over 8 years; current trailing P/E is ~23x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Remitly Global, Inc. (RELY) | -3.57 | 0.31 | +108.7% |
| Corpay, Inc. (CPAY) | 4.75 | 13.97 | +194.1% |
Remitly Global, Inc.'s EPS grew from $-3.57 (2016) to $0.31 (2025).
Chart 6Free Cash Flow — 5 Years
Remitly Global, Inc. generated $296M FCF in 2025 (+1390% vs 2021). Corpay, Inc. generated $2B FCF in 2024 (+63% vs 2021).
RELY vs CPAY: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is RELY or CPAY a better buy right now?
Corpay, Inc. (CPAY) offers the better valuation at 23.3x trailing P/E (12.5x forward), making it the more compelling value choice. Analysts rate Remitly Global, Inc. (RELY) a "Buy" — based on 13 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 — RELY or CPAY?
On trailing P/E, Corpay, Inc. (CPAY) is the cheapest at 23.3x versus Remitly Global, Inc. at 53.9x. On forward P/E, Corpay, Inc. is actually cheaper at 12.5x.
03Which is the better long-term investment — RELY or CPAY?
Over the past 5 years, Corpay, Inc. (CPAY) delivered a total return of +15.1%, compared to -65.5% for Remitly Global, Inc. (RELY). A $10,000 investment in CPAY five years ago would be worth approximately $12K today (assuming dividends reinvested). Over 10 years, the gap is even starker: CPAY returned +154.6% versus RELY's -65.5%. 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 — RELY or CPAY?
By beta (market sensitivity over 5 years), Remitly Global, Inc. (RELY) is the lower-risk stock at 0.95β versus Corpay, Inc.'s 1.46β — meaning CPAY is approximately 54% more volatile than RELY relative to the S&P 500. On balance sheet safety, Remitly Global, Inc. (RELY) carries a lower debt/equity ratio of 22% versus 3% for Corpay, Inc. — giving it more financial flexibility in a downturn.
05Which has better profit margins — RELY or CPAY?
Corpay, Inc. (CPAY) is the more profitable company, earning 25.3% net margin versus 4.2% for Remitly Global, Inc. — meaning it keeps 25.3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CPAY leads at 45.0% versus 4.7% for RELY. At the gross margin level — before operating expenses — CPAY leads at 78.1%, 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.
06Is RELY or CPAY more undervalued right now?
On forward earnings alone, Corpay, Inc. (CPAY) trades at 12.5x forward P/E versus 14.5x for Remitly Global, Inc. — 2.0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for RELY: 22.8% to $20.50.
07Which pays a better dividend — RELY or CPAY?
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.
08Is RELY or CPAY better for a retirement portfolio?
For long-horizon retirement investors, Remitly Global, Inc. (RELY) 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 (RELY: -65.5%, CPAY: +154.6%), 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.
09What are the main differences between RELY and CPAY?
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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