How this CDW vs CPAY comparison is calculated

All metrics are based on trailing twelve months (TTM) financial data, consensus analyst estimates, and standardized valuation ratios. Data is sourced from Financial Modeling Prep and SEC EDGAR. Figures are normalized to ensure a fair comparison between CDW Corporation and Corpay, Inc.. Analyst price targets and ratings are aggregated from Wall Street consensus as of 2026-05-14.

Quick verdict: CDW Corporation vs Corpay, Inc. in 2026

Corpay, Inc. (CPAY) stands out as the growth leader, demonstrating superior revenue momentum and significantly higher margins. CDW Corporation (CDW), on the other hand, presents a more attractive valuation based on traditional multiples and boasts greater potential upside according to Wall Street price targets. While Corpay, Inc. receives a higher percentage of ‘Buy’ ratings from analysts, CDW offers a modest dividend yield, unlike CPAY. Not investment advice.

CDW Corporation vs Corpay, Inc.: key metrics side by side

A full side-by-side look at CDW Corporation (CDW) and Corpay, Inc. (CPAY) across earnings multiples, profitability, revenue momentum, and analyst sentiment — data updated 2026-05-14.

Relative valuation: CDW vs CPAY

When assessing the relative valuation of CDW Corporation and Corpay, Inc., investors will note distinct differences in their current market pricing. CDW currently trades at an earnings multiple of 12.02x, which appears significantly more conservative compared to CPAY’s price-to-earnings ratio of 19.01x. This substantial price-to-earnings gap suggests that CDW Corporation stock may offer a more attractive entry point for value-oriented investors, as it prices its earnings at a lower multiple. Furthermore, examining the price-to-book metric reveals a similar trend: CDW trades at 5.07x book value, while Corpay, Inc. commands a higher 6.37x.

Despite CDW exhibiting more favorable traditional earnings multiples, the discounted cash flow (DCF) analysis presents a different perspective on potential intrinsic value. Corpay, Inc. shows a substantial DCF upside of +111.5%, indicating a significant undervaluation relative to its projected future cash flows based on current consensus data. CDW also demonstrates considerable DCF upside at +78.0%, but it trails CPAY in this particular measure of potential long-term value. This implies that while CDW offers a fundamental discount on current earnings and assets, Corpay, Inc. may hold greater long-term growth potential not yet fully reflected in its higher current multiples. The choice here depends on whether an investor prioritizes current valuation metrics or future intrinsic value potential.

Revenue momentum: CDW Corporation vs Corpay, Inc.

Regarding topline expansion, Corpay, Inc. demonstrates a noticeably stronger growth trajectory compared to CDW Corporation. CPAY reported an impressive year-over-year revenue growth rate of +13.9%, which significantly outpaces CDW’s more modest increase of +6.8%. This differential in revenue momentum suggests that Corpay, Inc. is expanding its market presence and revenue streams at a much faster pace, indicative of a more dynamic operational environment or successful strategic initiatives. For investors prioritizing rapid business expansion, CPAY clearly has the edge.

Beyond just revenue, the operational efficiency, which can fuel sustained growth, also shows a stark contrast. Corpay, Inc. boasts an outstanding EBITDA margin of 51.91%, signifying excellent control over its operating costs relative to its revenue. This is remarkably higher than CDW’s EBITDA margin of 8.59%. Such a wide margin differential highlights CPAY’s superior profitability at the operational level, which provides greater financial flexibility for future investments and expansion efforts. While CDW Corporation maintains a solid business, the substantial profitability gap suggests Corpay, Inc. has a more robust underlying business model for converting revenue into operational earnings, although this gap may not persist indefinitely if market conditions or competitive landscapes shift.

Profitability and cash generation: CDW vs CPAY

Delving into the profitability metrics, Corpay, Inc. clearly outshines CDW Corporation with its superior net profit margins. CPAY reported a net margin of 24.6%, indicating a strong ability to convert revenue into bottom-line profit. In contrast, CDW’s net margin stands at 4.7%, which, while positive, is substantially lower than its peer. This significant difference points to Corpay, Inc.’s more efficient cost structure or higher-margin business model, which allows it to retain a much larger portion of its sales as profit for shareholders. Unfortunately, return on equity (ROE) data for both companies is not available (N/A%), preventing a direct comparison of how effectively each firm utilizes shareholder equity to generate profits.

When it comes to cash generation relative to share price, the picture shifts slightly, favoring CDW Corporation. CDW exhibits a free cash flow yield of 8.39%, suggesting that it generates a healthy amount of cash per share relative to its current market price. Corpay, Inc., while profitable, has a free cash flow yield of 6.05%. This metric, which is crucial for assessing a company’s ability to fund operations, pay dividends, or reduce debt without external financing, indicates that CDW offers a more attractive cash conversion rate for every dollar of its stock price. For investors focused on immediate cash returns and financial flexibility, CDW’s higher free cash flow yield presents a compelling aspect, demonstrating its robust capacity to generate accessible funds.

Wall Street view: CDW Corporation vs Corpay, Inc. analyst ratings

The sentiment among Wall Street analysts reflects a generally positive outlook for both CDW Corporation and Corpay, Inc., though with distinct preferences. Corpay, Inc. appears to be slightly more favored by the analyst community, with a higher percentage of ‘Buy’ ratings at 72.2% from the 18 analysts covering the stock. This suggests a broader consensus of confidence in CPAY’s future performance. The consensus price target for Corpay, Inc. is $373.86, implying a potential upside of +12.9% from its current price.

Conversely, CDW Corporation also receives a strong ‘Buy’ consensus rating, with 61.2% of the 18 analysts recommending a purchase. While this is a lower percentage than CPAY, the projected upside for CDW is significantly more substantial. Analysts have set a consensus price target of $148.2 for CDW, which indicates an impressive +47.6% potential upside from its current trading level. This higher projected appreciation for CDW suggests that while fewer analysts might be recommending it, those who do see a much greater room for price growth. This target may vary depending on future estimate revisions and overall market conditions.

Which investor profile fits CDW vs CPAY?

For growth-oriented investors, Corpay, Inc. (CPAY) likely presents a more compelling narrative. With its robust revenue growth rate of +13.9% year-over-year and an exceptionally high EBITDA margin of 51.91%, CPAY demonstrates a powerful combination of expansion and profitability. These metrics signal a company that is not only growing quickly but also doing so with remarkable operational efficiency, suggesting a strong capacity for sustained future earnings. The significant DCF upside of +111.5% further reinforces its appeal for those looking for substantial long-term capital appreciation driven by accelerating business performance.

Value investors, on the other hand, might find CDW Corporation (CDW) to be the more suitable candidate. CDW trades at a more modest P/E ratio of 12.02x and a lower price-to-book multiple of 5.07x when compared to Corpay, Inc.’s respective figures of 19.01x and 6.37x. This suggests that CDW Corporation stock is currently priced at a relative discount to its earnings and assets, offering a potentially safer entry point. Furthermore, CDW’s strong free cash flow yield of 8.39% indicates solid cash generation relative to its market capitalization, a key characteristic often sought by investors looking for fundamentally sound companies trading below their intrinsic worth. While CPAY has a higher DCF upside, CDW’s current multiple valuations offer a more traditional “value” proposition.

Income-focused investors will find limited options with both companies, but CDW Corporation technically offers a payout. CDW provides a nominal dividend yield of 0.03%, which, while very small, is still more than Corpay, Inc.’s 0% dividend yield. For those solely reliant on dividend income, neither stock would be a primary choice, but CDW stock offers at least a symbolic return to shareholders through dividends, which might appeal to investors with a strict income criterion, however minimal. This is not investment advice. Always do your own research.

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