Verdict: Side-by-side breakdown using the Bull Rankings model. CPAY scored 78.2, PGY scored 82.0 — PGY leads.
Compare another set
CPAY
Corpay, Inc.
Software - Infrastructure · Quality-Growth
78.2
$397.92 · $26.1B
fundamentals as of
Score gap
3.8
PGY leads
PGY
Pagaya Technologies Ltd.
Software - Infrastructure · Quality-Growth
82
$18.22 · $1.5B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
CheapestPGY13.2x
Fastest growthPGY+25.6%
Strongest balance sheetPGY1.34
Highest qualityCPAY88 / 100
Largest discount to fair valuePGY-58%
Side by side · every name on one set of axes
Growth against the P/E multiple. Up and to the right is cheaper and faster — the quality-growth idea in one picture. Points beyond the axis are pinned to the edge and marked off-scale rather than allowed to compress everything else.
The model, pillar by pillar (0–100 each)
CPAY
stronger →← stronger
PGY
88
Qualityreturns · margins · balance sheet
70
87
Growthrevenue & earnings expansion
88
62
Valuevaluation vs sector peers
90
CPAY and PGY split the three pillars evenly.
Fundamentals, head-to-head
CPAY
PGY
$1.6bC+
FCF
$252mC
+13.9%B+
Rev
+25.6%A-
2.75D
D/E
1.34C
24.2xB+
P/E
13.2xA
0.77A-
PEG
0.03A
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Valuation · DCF cross-check
CPAY
PGY
21% below
Price vs fair valuelower is cheaper
58% below
~3%/yr
Growth the price impliesyr-1 FCF growth, fading to 4% · lower = less priced in
~-7%/yr
+11%
1-yr DCF upside
+84%
+27%
5-yr DCF upside
+136%
+53%
10-yr DCF upside
+232%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
CPAY
Why this score
Buying back stock
Durable high returns
PGY
Why this score
Durable high returns
Diluting shareholders
The companies
CPAYCorpay, Inc.
Software - Infrastructure · $397.92 · beta 0.89
Why now
Software - Infrastructure · market cap $26.1b. 7% off the 52-week high of $427.46. Revenue growing +14%, comfortably above the S&P median. PEG 0.77 — paying under fair value for the growth rate. 15 sell-side analysts rate this a Buy with a mean 1-yr target of $461.00 (implying +16% upside).
Moat
Net margin 23% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. ROE 29% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. FCF converts 145% of net income — earnings translate cleanly into cash.
Risk
D/E 2.75 is elevated — limits strategic flexibility and raises refinancing exposure if rates stay higher for longer. Software — competitive moat is durable until it isn't; watch net revenue retention, gross margin trends, and any new market entrant with a fundamentally lower price point.
PGYPagaya Technologies Ltd.
Software - Infrastructure · $18.22 · beta 5.52
Why now
Software - Infrastructure · market cap $1.5b. Down 41% from 52-week high of $31.06 — deep drawdown territory. Revenue growing +26% — in hypergrowth territory. PEG 0.03 — paying under fair value for the growth rate. 11 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $28.82 (implying +58% upside).
Moat
ROE 19% is above 15% — the equity base is compounding at a rate the market struggles to discount accurately. Free cash flow runs well ahead of reported net income. Software economics — recurring revenue, embedded customer workflows, and high gross margin all compound the moat once a base account is won. Switching costs are the lever.
Risk
Down 41% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Beta 5.52 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. Software — competitive moat is durable until it isn't; watch net revenue retention, gross margin trends, and any new market entrant with a fundamentally lower price point.
Verdict — model-derived comparison
The model favors PGY (86.2) over CPAY (78.8), driven by PGY's exceptional Value pillar of 99 compared to CPAY's 60. A contrarian could prefer CPAY for its "Buying back stock" signal, a direct contrast to PGY's "Diluting shareholders" signal, which presents a structural caveat for PGY's long-term per-share value.
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Where CPAY and PGY diverge
On the headline score the gap is 3.8 points in favor of PGY. They get there differently, though — each leads on a different pillar, so the better pick depends on which you weight.
ValueCPAY 62.4 · PGY 89.8PGY +27.4
QualityCPAY 87.9 · PGY 70.1CPAY +17.8
GrowthCPAY 87.3 · PGY 87.5level
Pillars run 0–100. Value is judged against each company's own sector, so a Value score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.
Common questions
Is PGY or CPAY the better stock?
PGY scores higher: PGY 82.0, CPAY 78.2 out of 100 on the Bull Rankings quality-growth score, which blends business quality, growth and valuation into one number. A higher score means a stronger business at a more reasonable price — it is not a price target or a recommendation.
Where do PGY and CPAY differ most?
The widest gap is value, where PGY leads by 27 points on the 0–100 pillar scale. Neither name sweeps: they trade the lead across the three pillars, so the comparison is a trade-off rather than one being better on every measure.
How are PGY and CPAY scored?
Each carries the same 0–100 quality-growth score used everywhere on the site, built from three pillars — quality (profitability and returns on capital), growth (revenue and earnings), and value (what you pay for them) — combined as a geometric mean, so a weak pillar cannot be papered over by a strong one.
How current is this comparison?
The whole universe is re-scored every trading day after the US market close, so the scores and fundamentals here reflect the latest published edition.