Coupang, Inc. (CPNG)
Coupang, Inc., together with its subsidiaries, owns and operates retail business through its mobile applications and internet websites in South Korea and internationally. It operates through Product Commerce and Developing Offerings segments. The Product Commerce segment includes Korean retail and marketplace offerings; Rocket Fresh, a fresh grocery offering; and advertising products. The Developing Offerings segment offers Eats, a restaurant ordering and delivery service; Play, an online content streaming service; fintech activities; and Farfetch, a luxury fashion marketplace. It also performs operations and support services in the United States, South Korea, Taiwan, Singapore, China, Japan, Europe, the United Kingdom, and India. Coupang, Inc. was incorporated in 2010 and is headquartered in Seattle, Washington.
- Ticker
- CPNG
- Exchange
- NYSE
- Sector
- Consumer Cyclical
- Industry
- Internet Retail
- Market cap
- $29.20B
- 52-week range
- $13.35 - $30.09
Valuation
- Share price
- $16.29 (close of Nov 6, 2026)
- P/E (TTM)
- -21.16x
- Price to book
- 10.29x
- Price to free cash flow
- -70.87x
- Enterprise value
- $28.81B
- Book value per share
- $1.58
Price performance
| Period | Change |
|---|---|
| 1 day | -0.79% |
| 5 days | +13.36% |
| 1 month | +12.97% |
| 3 months | -0.37% |
| 6 months | -8.94% |
| Year to date | -30.95% |
| 1 year | -43.83% |
| 3 years | -2.46% |
| 5 years | -45.57% |
| All time | -66.92% |
Short interest
- As of
- Oct 15, 2026
- Short % of float
- 6.49%
- Shares short
- 82.73M
- Days to cover
- 4.43
- Change since prior report
- +4.55%
- Source
- FINRA consolidated short interest
Members of Congress who disclosed CPNG trades
Super investors holding CPNG
Dodge & Cox (Dodge & Cox Funds) · Chase Coleman (Tiger Global Management) · Bill Nygren (Harris Associates LP) · David Abrams (Abrams Capital Management) · Bill Gates (Gates Foundation Trust) · Henry Ellenbogen (Durable Capital Partners LP) · Stanley Druckenmiller (Duquesne Family Office) · Ken Griffin (Citadel) · Dennis Hong (ShawSpring Partners LLC) · Ray Dalio (Bridgewater Associates) · Bill Miller (Miller Value Partners, LLC) · George Soros (Soros Fund Mgmt)
Profitability and growth
- Return on equity
- 4.50%
- Return on invested capital
- 2.55%
- Return on assets
- 1.17%
- Return on capital employed
- 5.61%
- Gross margin
- 29.37%
- Net margin
- 0.60%
- EBITDA margin
- 2.87%
- Revenue growth
- 14.09%
- Net income growth
- 35.06%
- Free cash flow growth
- -48.16%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- -1.41%
- Current ratio
- 0.80x
- Net debt to EBITDA
- 0.61x
Latest reported year
- Period end
- Dec 31, 2025
- Fiscal year
- 2025
- Revenue
- $34.53B
- Cost of revenue
- $24.39B
- Gross profit
- $10.14B
- EBITDA
- $990.00M
- Net income
- $208.00M
- Earnings per share
- $0.11
- Interest expense
- $86.00M
- Shares outstanding
- 1.82B
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $34.53B | $10.14B | $208.00M | $0.11 |
| 2024-12-31 | $30.27B | $8.83B | $154.00M | $0.09 |
| 2023-12-31 | $24.38B | $6.19B | $1.36B | $0.76 |
| 2022-12-31 | $20.58B | $4.71B | -$92.00M | -$0.05 |
| 2021-12-31 | $18.41B | $2.95B | -$1.54B | -$1.08 |
| 2020-12-31 | $11.97B | $1.99B | -$463.16M | -$19.16 |
| 2019-12-31 | $6.27B | $1.03B | -$696.88M | -$39.48 |
| 2018-12-31 | $4.05B | $189.38M | -$1.10B | - |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 29.37% | 0.60% | 4.50% | 2.55% |
| 2024-12-31 | 29.18% | 0.51% | 3.75% | 2.79% |
| 2023-12-31 | 25.39% | 5.58% | 33.26% | 6.88% |
| 2022-12-31 | 22.88% | -0.45% | -3.81% | -2.30% |
| 2021-12-31 | 16.03% | -8.38% | -70.91% | -34.77% |
| 2020-12-31 | 16.60% | -3.87% | - | - |
| 2019-12-31 | 16.47% | -11.11% | - | - |
| 2018-12-31 | 4.67% | -27.08% | - | - |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-12-31 | $6.32B | $648.00M |
| 2024-12-31 | $5.88B | $988.00M |
| 2023-12-31 | $5.24B | $529.00M |
| 2022-12-31 | $3.51B | $538.00M |
| 2021-12-31 | $3.49B | $283.19M |
| 2020-12-31 | $1.25B | $353.34M |
| 2019-12-31 | $1.22B | - |
| 2018-12-31 | $611.50M | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $522.00M | $475.00M |
| 2024-12-31 | $1.01B | $433.00M |
| 2023-12-31 | $1.76B | $326.00M |
| 2022-12-31 | -$259.00M | $262.00M |
| 2021-12-31 | -$1.08B | $249.00M |
| 2020-12-31 | -$183.08M | $31.33M |
| 2019-12-31 | -$529.67M | $20.82M |
| 2018-12-31 | -$787.87M | $27.33M |
Investor relations
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-11-03 | Sep 2026 | -$0.23 |
| 2026-08-04 | Jun 2026 | -$0.26 |
| 2026-05-05 | Mar 2026 | -$0.59 |
| 2026-02-26 | Dec 2025 | $0.02 |
| 2025-11-04 | Sep 2025 | $0.04 |
| 2025-08-05 | Jun 2025 | $0.07 |
| 2025-05-06 | Mar 2025 | $0.06 |
| 2025-02-25 | Dec 2024 | -$0.01 |
Filings and sources
- Company website
- aboutcoupang.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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