Coupang, Inc.

CPNG Consumer Cyclical Internet Retail

Coupang, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $34.5 billion, up 14.1% from fiscal 2024.

Revenue
+7.50%
EPS
−660.0%
Free cash flow
−116.3%
Total debt
−80.7%

Quarter to September 2026, against a year earlier

16.97 1.74 +11.42%
Market cap
$27.4B
P/E
0.0×
Fwd P/E
−26.4×
Dividend yield
—
F-score
6/9
Altman Z
3.69
Beneish M
−2.93
Dividend safety
n/a

Coupang, Inc. (CPNG) EV/EBITDA

Alert me on EV/EBITDA

Coupang, Inc. has no meaningful EV/EBITDA: its trailing twelve-month EBITDA is negative. Over the past ten years it has ranged from 0.0× (November 2026) to 244× (January 2023) — the current reading is the lowest in ten years.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 37.7× (5.00%)
FY2024 39.7× 28.02%
FY2023 31.0× (84.19%)
FY2022 196× —
FY2021 0.0× —
FY2020 0.0× —
FY2019 0.0× —
FY2018 0.0× —

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 0.0× —
Jun 2026 0.0× —
Mar 2026 46.9× 24.54%
Dec 2025 37.7× (7.71%)
23 more quarters

Against its own ten years

Low 0.0× High 244×
Ten-year median 35.5×
Current reading's percentile 38

EV/EBITDA against peers

Company EV/EBITDA
CPNG Coupang, Inc. n/m
SE Sea Limited Sponsored ADR compare 16.8×
CART Maplebear Inc. compare 17.9×
CHWY Chewy compare 19.0×
EBAY eBay Inc. compare 19.0×
MELI MercadoLibre, Inc. compare 19.6×
W Wayfair Inc. compare 32.8×
JD JD.com, Inc. compare 34.7×
DASH DoorDash, Inc. compare 35.9×
Internet Retail industry median 18.4×
Consumer Cyclical sector median 9.7×
Market median 11.2×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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