Thursday 15 October 2026 Export CPNG’s income statement to Excel — free account

Coupang, Inc.

Coupang, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $34.5 billion, up 14.1% from fiscal 2024. In the quarter to June 2026, revenue grew 3.89%, EPS fell 1,700.0%, free cash flow fell 79.4% and total debt fell 39.4%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.

14.78 0.38 +2.64%

Follow CPNG

Alert me

Market cap: $27.2B
P/E: 0.0×
Fwd P/E: −86.4×
Dividend yield: —
F-score: 6/9
Altman Z: 3.69
Beneish M: −2.93
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 136.56

Total sells 5.89

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	1	—	—	—	—	—	—	—
Sell	2	—	1	—	—	—	—	—	—	2	—	1

Insider Ownership 29.41%

Capital & Financial Ratios $m

Market Cap 27,180.00

Revenue 35,462.00

Net Income (767.00)

Free Cash Flow 105.00

Net Debt (5,586.00)

Current Ratio 0.87

Debt/Equity 0.21

P/E ratio 0.00

Fwd P/E (86.40)

P/S ratio 0.73

P/B ratio 8.67

Past 5Y EPS Growth —

This Y EPS Growth (583.66%)

Next Y EPS Growth 159.46%

Next Y revenue growth 7.04%

Next 5Y EPS Growth 86.30%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 1.85%

10-year low 10-year high

P/B against its own 10 years 17.39%

10-year low 10-year high

EV/Sales against its own 10 years 1.85%

10-year low 10-year high

EV/FCF against its own 10 years 92.91%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	5,596	6,030	6,412	6,204
Receivables	314	407	363	363
Inventory	1,666	2,099	2,256	2,067
Other	316	458	660	626
	7,892	8,994	9,691	9,260

	2023	2024	2025	Q'26
Payables	5,099	5,554	6,298	6,328
ST’ Debt	203	66	—	—
Other	526	593	851	686
	6,945	7,716	9,357	10,639

Compound Annual Growth %

	10y	5y	3y
Sales	—	23.61%	18.83%
Cash Flow	—	42.52%	46.40%
Earnings	—	0.00%	0.00%
Book Value	—	0.00%	24.18%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	8,504	8,856	—	—	—
’25	7,908	8,524	9,267	8,835	34,534
’24	7,114	7,323	7,866	7,965	30,268
’23	5,801	5,838	6,184	6,560	24,383
’22	5,117	5,038	5,101	5,327	20,583
’21	4,207	4,478	4,645	5,077	18,406
’20	2,413	2,614	3,137	3,803	11,967

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	184	367	—	—	—
’25	354	545	792	82	1,773
’24	212	664	334	676	1,886
’23	501	820	722	609	2,652
’22	(55)	(18)	58	580	565
’21	(183)	31	(55)	(203)	(411)
’20	315	(240)	210	16	302

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(110)	51	—	—	—
’25	116	247	442	(278)	527
’24	107	488	(42)	463	1,016
’23	407	449	537	382	1,775
’22	(290)	(195)	(222)	462	(246)
’21	(330)	(138)	(245)	(370)	(1,082)
’20	247	(273)	(3)	(153)	(183)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.15)	(0.32)	—	—	—
’25	0.06	0.02	0.05	(0.01)	0.11
’24	0.00	(0.04)	0.04	0.08	0.08
’23	0.05	0.08	0.05	0.57	0.75
’22	(0.12)	(0.04)	0.05	0.06	(0.05)
’21	(0.68)	(0.30)	(0.19)	(0.23)	(1.08)
’20	(4.32)	(3.71)	(5.91)	(2.03)	(15.96)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	25.06	8.98	12.67	13.51	19.02	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	69.00	29.65	19.99	26.91	34.08
People
People	Employees	—	—	—	—	50,000	68,000	63,000	78,000	95,000	108,000
	Revenue/emp, $m	—	—	0.00	0.00	0.24	0.27	0.33	0.31	0.32	0.32
Income, $m
Income, $m	Revenue	—	—	4,054	6,273	11,967	18,406	20,583	24,383	30,268	34,534
	Gross margin, %	—	—	4.66	16.47	16.60	16.03	22.88	25.39	29.18	29.37
	EBT	—	—	(1,095)	(699)	(463)	(1,542)	(93)	584	473	597
	EBT margin, %	—	—	(27.01)	(11.14)	(3.87)	(8.38)	(0.45)	2.40	1.56	1.73
	Net income	—	0	(1,098)	(699)	(463)	(1,543)	(92)	1,360	66	214
	Depreciation	—	—	54	71	128	201	231	275	433	517
Per share, $
Per share, $	Revenue	—	—	2.34	90.75	412.48	12.93	11.66	13.68	16.87	19.00
	Earnings	—	—	(0.63)	(10.11)	(15.96)	(1.08)	(0.05)	0.76	0.09	0.11
	Cash flow	—	—	(0.40)	(4.51)	10.39	(0.29)	0.32	1.49	1.05	0.98
	Capex	—	—	0.00	(3.10)	(16.69)	(0.47)	(0.46)	(0.49)	(0.48)	(0.69)
	Free cash flow	—	—	(0.40)	(7.61)	(6.29)	(0.76)	(0.14)	1.00	0.57	0.29
	Book value	—	—	0.00	(51.11)	(140.24)	1.53	1.37	2.29	2.29	2.54
	Shares, m	—	—	1,733	69	29	1,424	1,765	1,782	1,794	1,818
Valuation, ×
Valuation, ×	P/E	—	—	0.00	0.00	0.00	0.00	0.00	20.70	244.22	204.42
	P/S	—	—	0.12	0.12	0.12	2.27	1.28	1.15	1.30	1.24
	P/B	—	—	0.00	0.00	0.00	19.23	10.91	6.86	9.61	9.28
	EV/Sales	—	—	0.16	0.16	0.16	2.10	1.13	0.95	1.14	1.08
	EV/FCF	—	—	(10.42)	(10.42)	(10.42)	(35.71)	(94.78)	13.05	33.91	70.76
Cash, $m
Cash, $m	Operating cash flow	—	—	(694)	(312)	302	(411)	565	2,652	1,886	1,773
	Capex	—	—	(93)	(214)	(484)	(672)	(811)	(877)	(870)	(1,246)
	Free cash flow	—	—	(694)	(526)	(183)	(1,082)	(246)	1,775	1,016	527
Balance, $m
Balance, $m	Working capital	—	—	—	273	(892)	893	767	947	1,278	334
	Total debt	—	—	—	788	1,870	625	667	732	1,054	648
	Net debt	—	—	—	(578)	474	(3,183)	(3,018)	(4,864)	(4,976)	(5,764)
	Shareholders’ equity	—	—	—	(3,533)	(4,069)	2,176	2,414	4,089	4,102	4,623
Returns, %
Returns, %	ROA	—	—	0.00	(47.69)	(13.40)	(22.50)	(1.01)	11.90	1.07	1.26
	ROIC	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	ROE	—	—	0.00	20.26	14.63	162.99	(4.01)	41.83	3.76	4.77

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MELI MercadoLibre, Inc.	$92.1B	50.0×	39.6×	+49.76% (above 0%: growing)	−10.86% (below 0%: shrinking)	+22.47% (above 0%: growing)	40.90%	6.72%	Compare
DASH DoorDash, Inc.	$83.7B	94.9×	61.1×	+35.63% (above 0%: growing)	−31.34% (below 0%: shrinking)	+109.01% (above 0%: growing)	52.69%	3.50%	Compare
SE Sea Limited Sponsored ADR	$53.7B	35.3×	28.5×	+48.07% (above 0%: growing)	+5.88% (above 0%: growing)	−6.79% (below 0%: shrinking)	45.58%	8.35%	Compare
EBAY eBay Inc.	$51.8B	23.7×	24.0×	+14.80% (above 0%: growing)	+55.00% (above 0%: growing)	+168.03% (above 0%: growing)	73.45%	21.57%	Compare
JD JD.com, Inc.	$32.2B	17.1×	10.9×	+2.54% (above 0%: growing)	+27.87% (above 0%: growing)	+64.77% (above 0%: growing)	17.12%	1.31%	Compare
CPNG Coupang, Inc.	$27.2B	— (loss-making)	— (loss-making)	+3.89% (above 0%: growing)	n/m	−79.35% (below 0%: shrinking)	28.16%	(6.28%)
W Wayfair Inc.	$14.4B	— (loss-making)	— (loss-making)	+7.52% (above 0%: growing)	n/m	+28.46% (above 0%: growing)	29.95%	2.96%	Compare
CART Maplebear Inc.	$11.5B	26.0×	17.0×	+14.11% (above 0%: growing)	+6.98% (above 0%: growing)	+157.22% (above 0%: growing)	72.00%	13.81%	Compare
CHWY Chewy	$7.9B	31.6×	23.1×	+7.28% (above 0%: growing)	+33.33% (above 0%: growing)	−15.49% (below 0%: shrinking)	30.36%	2.76%	Compare
Median of peers	$42.0B	31.6×	24.0×	+14.46%	+6.98%	+46.62%	43.24%	5.11%

All 42 Internet Retail stocks →

Coupang, Inc. (CPNG) key facts

Strength: Coupang, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $34.5 billion, up 14.1% from fiscal 2024.
Coupang, Inc. (CPNG) is an Internet Retail company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
As of October 14, 2026, CPNG traded at $14.40, a market capitalization of $27.2 billion.
Return on equity was 4.77% and debt-to-equity 0.21.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 3.69 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.