Shift4 Vs. Global Payments: Which Is The Better Recovery Play?

Global Payments Inc. and Shift4 Payments, Inc. both trade at low EV/EBITDA multiples, reflecting sector-wide pressure and recent M&A-driven debt loads. I rate both GPN and FOUR as Buys, favoring GPN for its scale, Worldpay integration, and pure-play merchant acquiring focus. FOUR offers double-digit revenue growth and international expansion but faces near-term FCF and profitability pressure from Global Blue integration.