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) Free cash flow margin

Alert me on Free cash flow margin

Coupang, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was −1.13%, down 2.7 percentage points from fiscal 2025 (1.53%). Over the past ten years it has ranged from −17.1% (fiscal 2018) to 7.28% (fiscal 2023); the current reading is higher than 75% of that period. That is below the Internet Retail industry median of 0.00% and below the Consumer Cyclical sector median of 3.17%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 1.53% (1.83)
FY2024 3.36% (3.92)
FY2023 7.28% 8.48
FY2022 −1.20% 4.68
FY2021 −5.88% (4.35)
FY2020 −1.53% 6.86
FY2019 −8.39% 8.74
FY2018 −17.1% —

Against its own ten years

Low −17.1% High 7.28%
Ten-year median −1.36%
Current reading's percentile 75

Free cash flow margin against peers

Company Free cash flow margin
MELI MercadoLibre, Inc. compare 35.3%
CART Maplebear Inc. compare 29.5%
EBAY eBay Inc. compare 19.5%
SE Sea Limited Sponsored ADR compare 18.8%
DASH DoorDash, Inc. compare 12.9%
W Wayfair Inc. compare 4.36%
CHWY Chewy compare 4.35%
JD JD.com, Inc. compare 3.89%
CPNG Coupang, Inc. −1.13%
Internet Retail industry median 0.00%
Consumer Cyclical sector median 3.17%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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