CPNG

Coupang
D

CPNG

Arincen49/100B

If you had invested in Coupang ago, it would be worth $571 today, against $1,726 in SPY and $1,775 in QQQ.

ArincenArincen ScoreBeta

49/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation—

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength0

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders6.7

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Coupang key facts

Style
Speculative (losing money)
Day range
15.135 – 15.480
52-week range
13.350 – 29.080
Market capitalization
27.21B USD
EPS
-0.76
EPS growth forecast (FY2026)
-739.6%
Volume
207,541
Beta
1.16
ESG score
66.1/100Environment 69 · Social 68 · Governance 61
Sector
Consumer Cyclical
Industry
Specialty Retail
CEO
Bom Kim
Employees
108K
IPO date
11 Mar 2021

Coupang earnings

Next earnings · Q4 FY2026
EPS estimate
0.02 USD
Revenue estimate
10.41B USD
Last quarter · Q3 FY2026
EPS-0.18Missed -90.3%Revenue9.96BBeat +2.1%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q4 FY20260.02———10.41B——+17.80%
Q3 FY2026-0.09-0.18-90.34%-460.00%9.76B9.96B+2.09%+7.50%
Q2 FY2026-0.27-0.32-18.99%-1,700.00%8.92B8.86B-0.74%+3.89%
Q1 FY2026-0.09-0.15-60.67%-350.00%8.48B8.50B+0.32%+7.54%
Q4 FY20250.03-0.01-134.54%-125.00%9.06B8.84B-2.48%+10.92%
Q3 FY20250.040.05+36.46%-16.67%9.15B9.27B+1.32%+17.81%
Q2 FY20250.070.02-69.67%-71.43%8.38B8.52B+1.72%+16.40%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Coupang analyst forecast

12-month price target
25.08 USD
+65.22%

Analysts' 1-year price targets range from 21.00 to 31.00, with an average of 25.08.

Past year
1-year forecast
Strong sellStrong buy
Buy
6 ratings
Buy
4
Hold
1
Sell
1

12-month price target

Highest target31.00
Average target25.08
Lowest target21.00
Current price15.18

Coupang valuation

Forward P/E (FY2027)
61.05
Price to sales (TTM)
0.75
Price to book
9.59

Capital structure

Market capitalization
27.21B USD
+
Total debt
5.06B USD
−
Cash and short-term investments
5.44B USD
=
Enterprise value
26.82B USD

Valuation over time

P/EForward P/EForward P/E · Estimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)22.55————
FY2027 (est.)61.0522.55———
Now (TTM)—128.850.759.59—
FY2025214.4549,516.381.249.2834.34
FY2024256.18134.211.309.6135.64
FY202321.3098.591.187.0629.10
FY2022-282.3460.341.2610.75150.61
FY2021-27.20—2.2719.23-31.22

Coupang against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Williams-Sonoma, Ulta Beauty, Casey's General Stores, Best Buy Co., Tractor Supply, and AutoZone, the US Specialty Retail companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • Gross marginHighest in 5 years29.4%
    16.0%29.4%
    Against its peers: 5 of 7Peers' median 36.2%
  • Operating marginAt its median1.4%
    -8.1%1.9%
    Against its peers: 7 of 7Peers' median 11.0%
  • Net marginAbove its median0.6%
    -8.4%5.6%
    Against its peers: 7 of 7Peers' median 8.2%
  • Return on equityAbove its median4.5%
    -70.9%33.3%
    Against its peers: 6 of 6Peers' median 41.1%
  • Free cash flow marginAt its median1.5%
    -5.9%7.2%
    Against its peers: 7 of 7Peers' median 6.7%
  • Revenue growthBelow its median14.1%
    11.8%53.8%
    Against its peers: 1 of 7Peers' median 5.8%
  • Debt to EBITDAAbove its median3.86×
    3.07×14.56×
    Against its peers: 7 of 7Peers' median 1.95×
  • Current ratioLowest in 5 years1.04
    1.041.19
    Against its peers: 5 of 7Peers' median 1.22

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Coupang growth and profitability

Revenue (TTM)
36.16B USD
Net income (TTM)
-1.36B USD
Gross margin
27.37%
Operating margin
-3.43%
Net margin
-3.77%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202534.53B+14.09%208.00M+35.06%29.37%1.37%0.60%1.20B+14.72%
FY202430.27B+24.14%154.00M-88.68%29.18%1.44%0.51%1.05B+15.33%
FY202324.38B+18.46%1.36B—25.39%1.94%5.58%907.00M+449.70%
FY202220.58B+11.83%-92.00M—22.88%-0.54%-0.45%165.00M—
FY202118.41B+53.80%-1.54B—16.03%-8.12%-8.38%-1.30B—

Coupang revenue breakdown

By product

FY2025
Product: 76.2%Third-Party Merchant Services: 20.6%Service, Other: 3.2%76.2%Product20.6%Third-Party Merchant Services3.2%Service, Other
SegmentRevenueShare of revenueChange on the year
Product26.31B76.2%+10.2%
Third-Party Merchant Services7.11B20.6%+27.5%
Service, Other1.11B3.2%+34.9%

How Coupang makes its money

Product26.31B 76.2%
Third-Party Merchant Services7.11B 20.6%
Service, Other1.11B 3.2%
Revenue34.53B 100.0%
Cost of revenue24.39B 70.6%
Gross profit10.14B 29.4%
Selling and administration9.67B 28.0%
Operating income473.00M 1.4%
Tax383.00M 1.1%
Net income208.00M 0.6%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Coupang financial health

Cash and short-term investments
5.44B USD
Total debt
5.06B USD
Net cash
387.00M USD
Free cash flow (TTM)
-412.00M USD
Current ratio
0.80
Debt to equity
1.78
Piotroski score
4 / 9
Altman Z-score
2.34

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20256.32B4.64B522.00M
FY20245.88B3.73B1.01B
FY20235.24B2.79B1.76B
FY20223.51B2.40B-259.00M
FY20213.49B2.12B-1.09B

Coupang ownership

Institutions
74.98%
Institutional holders
648 (-15)
Free float
74.67%

Who owns the shares

Institutions 75.0% Others 25.0%
As of 30 Jun 2026

Shares free to trade

Free float 1.34B shares ·74.7% Closely held 454.02M shares ·25.3%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q3 2026020.00197.63K
Q2 202600653.17K0.00
Q1 2026317.81M2.68K
Q4 2025020.0087.00K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY20251.82B1.86B+1.59%
FY20241.79B1.83B+1.28%
FY20231.78B1.80B+2.18%
FY20221.76B1.76B+23.93%
FY20211.42B1.42B-16.57%

Source: Financial Modeling PrepVerified against SEC filings

Related Instruments

Title: Coupang

Sector: Consumer Cyclical
Industry: Specialty Retail
Coupang is South Korea's largest e-commerce platform that sells both owned and third-party inventory. Headquartered in the US, Coupang operates e-commerce businesses mainly in South Korea and Taiwan. The company has built an integrated logistics network that covers the entirety of South Korea, with extensive fulfillment centers that ensure timely delivery, even for orders placed seconds before midnight. Outside of its bread-and-butter e-commerce business, Coupang has expanded into Rocket delivery services to third-party merchants (fulfillment and logistics by Coupang), online grocery delivery Rocket Fresh, online meal delivery (Eats), e-commerce in Taiwan, luxury e-commerce (Farfetch), and travel.

Common questions about Coupang stock