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) P/S ratio

Alert me on P/S ratio

As of 3 November 2026, Coupang, Inc. (CPNG) trades at a P/S ratio of 0.8×. Over the past ten years it has ranged from 0.1× (March 2021) to 5.0× (July 2021); the current reading is higher than 4% of that period. That is in line with the Internet Retail industry median of 0.8× and above the Consumer Cyclical sector median of 0.7×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 1.2× (4.67%)
FY2024 1.3× 13.33%
FY2023 1.1× (10.15%)
FY2022 1.3× (43.71%)
FY2021 2.3× 1,803.52%
FY2020 0.1× 0.00%
FY2019 0.1× 0.00%
FY2018 0.1× —

Quarterly newest first

Period P/S ratio Change
Sep 2026 0.7× (21.86%)
Jun 2026 0.9× (10.15%)
Mar 2026 1.0× (21.02%)
Dec 2025 1.2× (28.78%)
23 more quarters

Against its own ten years

Low 0.1× High 5.0×
Ten-year median 1.4×
Current reading's percentile 4

P/S ratio against peers

Company P/S ratio
JD JD.com, Inc. compare 0.2×
CHWY Chewy compare 0.7×
CPNG Coupang, Inc. 0.8×
W Wayfair Inc. compare 1.1×
SE Sea Limited Sponsored ADR compare 1.8×
MELI MercadoLibre, Inc. compare 2.4×
CART Maplebear Inc. compare 3.4×
EBAY eBay Inc. compare 4.3×
DASH DoorDash, Inc. compare 4.7×
Internet Retail industry median 0.8×
Consumer Cyclical sector median 0.7×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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