stockrowCoupang, 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
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Coupang, Inc. (CPNG) Gross margin
Coupang, Inc.'s gross margin over the twelve months to 30 September 2026 was 27.4%, down 2.0 percentage points from fiscal 2025 (29.4%). Over the past ten years it has ranged from 4.66% (fiscal 2018) to 29.4% (fiscal 2025) — the current reading is the highest in ten years. That is below the Internet Retail industry median of 44.1% and below the Consumer Cyclical sector median of 35.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 29.4% | 0.19 |
| FY2024 | 29.2% | 3.79 |
| FY2023 | 25.4% | 2.51 |
| FY2022 | 22.9% | 6.85 |
| FY2021 | 16.0% | (0.57) |
| FY2020 | 16.6% | 0.13 |
| FY2019 | 16.5% | 11.81 |
| FY2018 | 4.66% | — |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 25.7% | (2.45) |
| Jun 2026 | 28.2% | 1.15 |
| Mar 2026 | 27.0% | (1.78) |
| Dec 2025 | 28.8% | (0.56) |
| 23 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| CART Maplebear Inc. compare | 72.6% |
| EBAY eBay Inc. compare | 72.2% |
| DASH DoorDash, Inc. compare | 51.9% |
| SE Sea Limited Sponsored ADR compare | 44.3% |
| MELI MercadoLibre, Inc. compare | 42.7% |
| W Wayfair Inc. compare | 30.1% |
| CHWY Chewy compare | 29.9% |
| CPNG Coupang, Inc. | 27.4% |
| JD JD.com, Inc. compare | 16.6% |
| Internet Retail industry median | 44.1% |
| Consumer Cyclical sector median | 35.1% |
| Market median | 46.4% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on CPNG
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement