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.
- Symbol
- CPNG
- Exchange
- NYSE
- Sector
- Consumer Cyclical
- Industry
- Internet Retail
- Market cap
- $25.69B
- 52 week range
- 14.15 - 32.96
Valuation
- Share price
- $14.28 (close of 2026-09-23)
- P/E (TTM)
- -32.45x
- Price to book
- 8.60x
- Price to free cash flow
- 259.49x
- Enterprise value
- $25.21B
- Book value per share
- $1.66
Price performance
| Period | Change |
|---|
| 1 day | -2.33% |
| 5 days | -2.72% |
| 1 month | -13.19% |
| 3 months | -18.45% |
| 6 months | -26.05% |
| Year to date | -39.47% |
| 1 year | -55.71% |
| 3 years | -16.69% |
| 5 years | -50.88% |
| All time | -71.01% |
Profitability and growth
- Return on equity
- 4.50%
- Return on invested capital
- 8.04%
- 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)
- 0.39%
- Current ratio
- 0.87x
- Net debt to EBITDA
- -14.91x
Latest reported year
- Period end
- 2025-12-31
- 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
- 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 |
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% | 8.04% |
| 2024-12-31 | 29.18% | 0.51% | 3.75% | 11.19% |
| 2023-12-31 | 25.39% | 5.58% | 33.26% | 28.97% |
| 2022-12-31 | 22.88% | -0.45% | -3.81% | -8.49% |
| 2021-12-31 | 16.03% | -8.38% | -70.91% | -186.46% |
| 2020-12-31 | 16.60% | -3.87% | 11.38% | - |
| 2019-12-31 | 16.47% | -11.11% | 19.73% | - |
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 |
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 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-03
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-04 | Jun/2026 | - |
| 2026-05-05 | - | - |
| 2026-02-26 | - | - |
| 2025-11-04 | - | - |
| 2025-08-05 | - | - |
| 2025-08-04 | - | - |
| 2025-05-06 | - | - |
| 2025-05-05 | - | - |
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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