Data as of:
LIVE
WEX
WEX Inc. · Information Technology - B2B Payments
$193.57
-0.95% this month
VERSUS
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FLT
Corpay, Inc. (formerly FleetCor Technologies) · Information Technology - B2B Payments
N/A
N/A this month
Comparison scoreboard
MIXED SETUPAI Scorei
WEX 37.3
FLT N/A
1Y Returni
WEX +14.99%
FLT N/A
Fwd P/Ei
WEX 9.10
FLT N/A
Target Up.i
WEX -0.23%
FLT N/A
Op. Margini
WEX 26.94%
FLT N/A
Metrics last refreshed: 9/20/2026
Quick take
WEX vs FLT Stock Comparison: AI Score, Valuation, Performance and Upside
WEX and Corpay (FLT) are direct competitors in fleet card and B2B payments, with WEX differentiated by its healthcare benefit payments segment and Corpay differentiated by its stronger international presence and corporate AP automation growth. Both are high-quality B2B payments businesses with strong free cash flow generation.
WEX vs FLT compares two leading B2B fleet and corporate payment platform companies with overlapping fleet card markets and different complementary growth segments.
Live analysis · updated 9/20/2026
WEX and FLT are closely matched — they split the tracked metrics evenly.
Normalized 1Y performance
WEX
FLT
Not enough data to chart yet.
Recent returns
WEX
FLT
Analyst price targets & sentiment
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
WEX
Price target range
analyst mean$192.40
current price$193.57
-0.2% upside to analyst mean
FLT
Price target data unavailable
N/A
Who should consider this stock?
WEX may suit investors who:
- Want B2B payments exposure with the additional diversification of a healthcare benefits payments segment
- Value WEX's three-segment model across fleet, healthcare, and corporate travel
- Prefer a company with meaningful healthcare payments exposure that differentiates from pure fleet peers
FLT may suit investors who:
- Want B2B payments exposure through the largest global fleet card and corporate payments platform
- Believe Corpay's corporate AP automation expansion will become a meaningful new growth driver
- Value Corpay's history of strong free cash flow generation and disciplined capital allocation
Performance & AI score
| Metric | WEX | FLT |
|---|---|---|
| AI scorei | 37.3 | N/A |
| AI ranki | #1508 | N/A |
| Latest closei | $193.57 | N/A |
| 1M returni | -0.95% | N/A |
| 6M returni | +27.61% | N/A |
| 1Y returni | +14.99% | N/A |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | WEX | FLT |
|---|---|---|
| 1Y ago | $11.5K (+15.0%) started 2025-09-18 | N/A |
| 5Y ago | $11.66K (+16.6%) started 2021-09-20 | N/A |
| 10Y ago | $18.56K (+85.6%) started 2016-09-19 | N/A |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | WEX | FLT |
|---|---|---|
| Market capi | $6.57B | N/A |
| Trailing P/Ei | 19.25 | N/A |
| Forward P/Ei | 9.10 | N/A |
| Price/Salesi | N/A | 5.80 |
| EV/Revenuei | 2.04 | N/A |
| Analyst targeti | $192.40 | N/A |
| Target upsidei | -0.23% | N/A |
Growth, profitability & risk
| Metric | WEX | FLT |
|---|---|---|
| Revenue growthi | 14.20% | N/A |
| Earnings growthi | 57.10% | N/A |
| EPS growthi | +57.10% | N/A |
| FCF margini | +47.68% | N/A |
| Operating margini | 26.94% | N/A |
| Profit margini | 12.56% | N/A |
| ROIC proxyi | 30.19% | N/A |
| Return on equityi | 30.19% | N/A |
| Dividend yieldi | N/A | N/A |
| Payout ratioi | 0.00% | N/A |
| Dividend growth streaki | N/A | N/A |
| Betai | 0.83 | 1.00 |
| Debt/equityi | 398.42 | N/A |
| Current ratioi | 1.04 | N/A |
| Quick ratioi | 0.98 | N/A |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
WEX max drawdowni31.40%
FLT max drawdowniN/A
WEX max wkly dropi16.37%
FLT max wkly dropiN/A
5Y risk snapshot
WEX max drawdowni53.15%
FLT max drawdowniN/A
WEX max wkly dropi29.49%
FLT max wkly dropiN/A
10Y risk snapshot
WEX max drawdowni64.60%
FLT max drawdowniN/A
WEX max wkly dropi37.27%
FLT max wkly dropiN/A
Performance metrics by period
| Period | Metric | WEX | FLT |
|---|---|---|---|
| 1Y | Growthi | +14.99% | N/A |
| CAGRi | +15.01% | N/A | |
| Volatilityi | 40.10% | N/A | |
| Sharpe ratioi | 0.44 | N/A | |
| Sortino ratioi | 0.60 | N/A | |
| Max drawdowni | 31.40% | N/A | |
| Current drawdowni | 4.76% | N/A | |
| Avg drawdowni | 10.44% | N/A | |
| Ulcer Indexi | 12.94% | N/A | |
| Max daily dropi | 16.31% | N/A | |
| Max wkly dropi | 16.37% | N/A | |
| 5Y | Growthi | +16.63% | N/A |
| CAGRi | +3.13% | N/A | |
| Volatilityi | 37.28% | N/A | |
| Sharpe ratioi | 0.15 | N/A | |
| Sortino ratioi | 0.21 | N/A | |
| Max drawdowni | 53.15% | N/A | |
| Current drawdowni | 20.09% | N/A | |
| Avg drawdowni | 21.76% | N/A | |
| Ulcer Indexi | 25.34% | N/A | |
| Max daily dropi | 18.66% | N/A | |
| Max wkly dropi | 29.49% | N/A | |
| 10Y | Growthi | +85.63% | N/A |
| CAGRi | +6.38% | N/A | |
| Volatilityi | 40.33% | N/A | |
| Sharpe ratioi | 0.25 | N/A | |
| Sortino ratioi | 0.35 | N/A | |
| Max drawdowni | 64.60% | N/A | |
| Current drawdowni | 20.09% | N/A | |
| Avg drawdowni | 20.60% | N/A | |
| Ulcer Indexi | 24.89% | N/A | |
| Max daily dropi | 22.79% | N/A | |
| Max wkly dropi | 37.27% | N/A |
Business comparison
| Category | WEX | FLT |
|---|---|---|
| Company | WEX Inc. | Corpay, Inc. (formerly FleetCor Technologies) |
| Sector | Technology | Information Technology - B2B Payments |
| Industry | Software - Infrastructure | N/A |
| Core business | WEX provides business payment solutions for fleet vehicle fuel management, healthcare benefit payments (HSA, FSA, HRA), and corporate travel payments, processing billions in annual corporate payment volumes. | Corpay (rebranded from FleetCor in 2024) provides business payment solutions including corporate fleet cards, corporate payments (AP automation), lodging payments, and toll management across the U.S. and international markets. |
| Investor focus | Investors track WEX's revenue growth across its fleet, corporate payments, and healthcare segments, fuel price sensitivity on fleet segment revenue, and free cash flow generation. | Investors track Corpay's organic revenue growth across its fleet, corporate payments, and lodging segments, international expansion performance, and free cash flow conversion. |
WEX strengths
- Diversified across fleet, healthcare benefits payments, and corporate travel provides resilience across different spending cycles
- Healthcare payments segment provides a differentiated and growing revenue stream from HSA/FSA administration
- Closed-loop payment networks in fleet cards provide valuable spending data and merchant relationships
FLT strengths
- Global scale across fleet and corporate payments with particularly strong Brazilian operations
- Corporate payments (AP automation) represents a large addressable market growth opportunity beyond fleet
- Consistent strong free cash flow generation supports both organic investment and share buybacks
Risks to watch — WEX
- Fleet segment revenue is partially tied to fuel prices — lower fuel prices reduce transaction revenue even at constant volumes
- Healthcare payments segment faces competition from insurance companies and traditional benefit administrators
- Fragmented competitive landscape across all three segments requires ongoing investment
Risks to watch — FLT
- Fleet card revenue has fuel price sensitivity similar to WEX
- Corporate payments segment growth is key to the Corpay rebrand thesis justifying premium valuation
- International operations create foreign currency risk, particularly from Brazil
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