CPAY vs. LMT
CPAY (Corpay, Inc.) and LMT (Lockheed Martin Corporation) are both stocks. CPAY operates in Software - Infrastructure (Technology), while LMT operates in Aerospace & Defense (Industrials). Over the past 10 years, CPAY returned 9.48%/yr vs 11.37%/yr for LMT. At a 0.29 correlation, their price movements are largely independent.
Performance
CPAY vs. LMT - Performance Comparison
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Returns By Period
In the year-to-date period, CPAY achieves a 18.34% return, which is significantly higher than LMT's 13.04% return. Over the past 10 years, CPAY has underperformed LMT with an annualized return of 9.48%, while LMT has yielded a comparatively higher 11.37% annualized return.
CPAY
- 1D
- 1.50%
- 1M
- 7.50%
- YTD
- 18.34%
- 6M
- 12.66%
- 1Y
- 1.73%
- 3Y*
- 14.01%
- 5Y*
- 5.55%
- 10Y*
- 9.48%
LMT
- 1D
- -1.52%
- 1M
- 4.60%
- YTD
- 13.04%
- 6M
- 13.84%
- 1Y
- 18.25%
- 3Y*
- 8.98%
- 5Y*
- 9.78%
- 10Y*
- 11.37%
CPAY vs. LMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPAY Corpay, Inc. | 18.34% | -11.08% | 19.75% | 53.86% | -17.94% | -17.96% | -5.18% | 54.92% | -3.49% | 35.97% |
LMT Lockheed Martin Corporation | 13.04% | 2.47% | 10.02% | -4.31% | 40.48% | 3.15% | -6.49% | 52.55% | -16.35% | 31.77% |
Correlation
The correlation between CPAY and LMT is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2010 | 0.29 |
Over the past year, the correlation between CPAY and LMT has dropped to 0.05 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
Fundamentals
CPAY:
$24.37B
LMT:
$124.87B
CPAY:
$16.74
LMT:
$20.61
CPAY:
21.27
LMT:
26.21
CPAY:
5.23
LMT:
1.67
CPAY:
6.94
LMT:
16.67
CPAY:
$4.78B
LMT:
$75.12B
CPAY:
$2.57B
LMT:
$7.37B
CPAY:
$2.55B
LMT:
$8.09B
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Return for Risk
CPAY vs. LMT — Risk / Return Rank
CPAY
LMT
CPAY vs. LMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Corpay, Inc. (CPAY) and Lockheed Martin Corporation (LMT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CPAY | LMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.14 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 0.73 | -0.66 |
| Martin ratioReturn relative to average drawdown | 0.15 | 1.69 | -1.54 |
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Drawdowns
CPAY vs. LMT - Drawdown Comparison
The maximum CPAY drawdown since its inception was -50.13%, smaller than the maximum LMT drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for CPAY and LMT.
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Drawdown Indicators
| CPAY | LMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.13% | -79.29% | +29.16% |
Max Drawdown (1Y)Largest decline over 1 year | -25.90% | -25.15% | -0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -34.54% | -31.79% | -2.75% |
Max Drawdown (5Y)Largest decline over 5 years | -41.63% | -31.79% | -9.84% |
Max Drawdown (10Y)Largest decline over 10 years | -50.13% | -36.67% | -13.46% |
Current DrawdownCurrent decline from peak | -8.58% | -19.63% | +11.05% |
Average DrawdownAverage peak-to-trough decline | -13.33% | -26.83% | +13.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.35% | 10.81% | +1.54% |
Volatility
CPAY vs. LMT - Volatility Comparison
Corpay, Inc. (CPAY) has a higher volatility of 9.20% compared to Lockheed Martin Corporation (LMT) at 7.02%. This indicates that CPAY's price experiences larger fluctuations and is considered to be riskier than LMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPAY | LMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.20% | 7.02% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 29.53% | 20.04% | +9.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.70% | 26.71% | +10.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.43% | 22.99% | +9.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.93% | 23.76% | +9.17% |
Dividends
CPAY vs. LMT - Dividend Comparison
CPAY has not paid dividends to shareholders, while LMT's dividend yield for the trailing twelve months is around 2.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPAY Corpay, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LMT Lockheed Martin Corporation | 2.53% | 2.76% | 2.62% | 2.68% | 2.34% | 2.98% | 2.76% | 2.31% | 3.13% | 2.32% | 2.71% | 2.83% |
Financials
CPAY vs. LMT - Financials Comparison
This section allows you to compare key financial metrics between Corpay, Inc. and Lockheed Martin Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CPAY vs. LMT - Profitability Comparison
CPAY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Corpay, Inc. reported a gross profit of 0.00 and revenue of 1.26B. Therefore, the gross margin over that period was 0.0%.
LMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported a gross profit of 2.08B and revenue of 18.02B. Therefore, the gross margin over that period was 11.5%.
CPAY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Corpay, Inc. reported an operating income of 636.17M and revenue of 1.26B, resulting in an operating margin of 50.5%.
LMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported an operating income of 2.06B and revenue of 18.02B, resulting in an operating margin of 11.5%.
CPAY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Corpay, Inc. reported a net income of 350.07M and revenue of 1.26B, resulting in a net margin of 27.8%.
LMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported a net income of 1.49B and revenue of 18.02B, resulting in a net margin of 8.3%.
Frequently Asked Questions
CPAY and LMT have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CPAY has higher volatility (9.20%) compared to LMT (7.02%). In terms of maximum drawdown, CPAY dropped -50.13% vs LMT's -79.29%.
LMT currently has the higher Sharpe Ratio (0.69 vs 0.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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