Why did FleetCor rebrand to Corpay?

FleetCor rebranded to Corpay in 2024 to better reflect its evolution beyond fleet cards into a broader corporate payments business including AP automation, lodging, and global corporate spending management.

How does fuel price affect WEX and Corpay revenue?

Both companies earn transaction fees often calculated as a percentage of fuel spend — when fuel prices rise, each gallon is worth more in fee revenue, and when prices fall, fee revenue declines even if physical volume is constant.

What is WEX's healthcare segment?

WEX administers health-related spending accounts including Health Savings Accounts (HSA), Flexible Spending Accounts (FSA), and Health Reimbursement Arrangements (HRA) — processing employee healthcare benefit payments for employers and managing the accompanying financial accounts.

brimindinvest.com / compare / wex-vs-fltLIVE

WEX

WEX Inc. · Information Technology - B2B Payments

$127.53

-9.60% this month

VERSUS

⟷

COMPARE

FLT

Corpay, Inc. (formerly FleetCor Technologies) · Information Technology - B2B Payments

N/A

N/A this month

Scoreboard verdict

Across AI score, momentum, valuation, upside, operating margin

WEX

0

FLT

0

MIXED SETUP

Comparison scoreboard

MIXED SETUP

AI Score

WEX 33.6

FLT N/A

1Y Return

WEX -8.39%

FLT N/A

Fwd P/E

WEX 6.28

FLT N/A

Target Up.

WEX +40.52%

FLT N/A

Op. Margin

WEX N/A

FLT N/A

Metrics last refreshed: 6/20/2026

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 6/20/2026

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

WEX · 10 analysts

STRONG BUYHOLDSTRONG SELL

Buy (2.4/5.0)

Price target range

analyst low$155.00
analyst high$220.00
analyst mean$179.20
current price$127.53

+40.5% 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 score	33.6	N/A
AI rank	#1877	N/A
Latest close	$127.53	N/A
1M return	-9.60%	N/A
6M return	-15.00%	N/A
1Y return	-8.39%	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	$9.16K (-8.4%) started 2025-06-18	N/A
5Y ago	$6.51K (-34.9%) started 2021-06-18	N/A
10Y ago	$13.97K (+39.7%) started 2016-06-20	N/A

Hypothetical — past performance does not guarantee future results.

Valuation & upside potential

Metric	WEX	FLT
Market cap	$4.42B	N/A
Trailing P/E	14.38	N/A
Forward P/E	6.28	N/A
Price/Sales	1.64	5.80
EV/Revenue	1.62	N/A
Analyst target	$179.20	N/A
Target upside	+40.52%	N/A

Growth, profitability & risk

Metric	WEX	FLT
Revenue growth	5.80%	N/A
Earnings growth	22.70%	N/A
EPS growth	+22.70%	N/A
FCF margin	+46.55%	N/A
Operating margin	N/A	N/A
Profit margin	11.50%	N/A
ROIC proxy	29.77%	N/A
Return on equity	29.77%	N/A
Dividend yield	0.00%	N/A
Beta	0.85	1.00
Debt/equity	410.95	N/A
Current ratio	1.05	N/A
Quick ratio	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 drawdown31.40%

FLT max drawdownN/A

WEX max wkly drop16.37%

FLT max wkly dropN/A

5Y risk snapshot

WEX max drawdown53.15%

FLT max drawdownN/A

WEX max wkly drop29.49%

FLT max wkly dropN/A

10Y risk snapshot

WEX max drawdown64.60%

FLT max drawdownN/A

WEX max wkly drop37.27%

FLT max wkly dropN/A

Performance metrics by period

Period	Metric	WEX	FLT
1Y	Growth	-8.39%	N/A
	CAGR	-8.40%	N/A
	Sharpe ratio	-0.16	N/A
	Max drawdown	31.40%	N/A
	Max daily drop	16.31%	N/A
	Max wkly drop	16.37%	N/A
5Y	Growth	-34.88%	N/A
	CAGR	-8.22%	N/A
	Sharpe ratio	-0.17	N/A
	Max drawdown	53.15%	N/A
	Max daily drop	18.66%	N/A
	Max wkly drop	29.49%	N/A
10Y	Growth	+39.68%	N/A
	CAGR	+3.40%	N/A
	Sharpe ratio	0.17	N/A
	Max drawdown	64.60%	N/A
	Max daily drop	22.79%	N/A
	Max wkly drop	37.27%	N/A

Business comparison

Category	WEX	FLT
Company	WEX Inc.	Corpay, Inc. (formerly FleetCor Technologies)
Sector	Information Technology - B2B Payments	Information Technology - B2B Payments
Industry	N/A	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

Frequently asked questions

A fleet card is a specialized corporate payment card used by companies with vehicle fleets (delivery trucks, company cars, service vehicles) to pay for fuel and maintenance — fleet cards provide detailed spending data, controls, and management capabilities that general corporate cards don't offer.

AI Prediction SignalNext 5 trading days

Members only

WEX

+2.8%BUY

FLT

+1.1%HOLD

Start Free Trial Log in

ML model trained on historical prices · 14-day free trial · No credit card required

Free public comparison

Want deeper AI forecasts?

This comparison page is public and free forever. Subscribers can unlock saved watchlists, full AI rankings, detailed forecasts, and interactive analysis tools.

Start Free Trial Read Investing Guides