Coupang CPNG
- Market cap
- $25B
- PE
- n/m
- a loss over the last year
- Forward PE
- 139×
- 6y median 117×
- Price to sales
- 0.7×
- EV/EBIT
- n/m
- a loss over the last year
- Revenue, 12 months
- $35.5B
- +10% on a year ago
- Net margin
- −2.2%
- Free cash flow yield
- 0.4%
Coupang trades at 0.7× sales. Its trailing earnings are negative, so it has no PE. Revenue was $35.5B over the last twelve months, up 10% on a year earlier with a −2% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $6.2B+21% | $6.6B+23% | $7.1B+23% | $7.3B+25% | $7.9B+27% | $8B+21% | $7.9B+11% | $8.5B+16% | $9.3B+18% | $8.8B+11% | $8.5B+8% | $8.9B+4% | |
| Cost of revenue | $4.6B+19% | $4.9B+21% | $5.2B+18% | $5.2B+20% | $5.6B+21% | $5.5B+12% | $5.6B+8% | $6B+15% | $6.5B+17% | $6.3B+15% | $6.2B+11% | $6.4B+7% |
| Gross profit | $1.6B+27% | $1.7B+31% | $1.9B+36% | $2.1B+41% | $2.3B+45% | $2.5B+48% | $2.3B+20% | $2.6B+20% | $2.7B+20% | $2.5B+2% | $2.3B−1% | $2.5B−3% |
| SG&A | $1.5B+28% | $1.5B+30% | $1.9B+44% | $2.2B+58% | $2.2B+46% | $2.2B+41% | $2.2B+15% | $2.4B+11% | $2.6B+18% | $2.5B+16% | $2.5B+17% | $3B+27% |
| $88M+14% | $131.1M+57% | $40M−63% | −$25M | $109M+24% | $312M+138% | $154M+285% | $149M | $162M+49% | $8M−97% | −$242M | −$556M | |
| Interest expense | $13.3M+105% | $13.6M+90% | $27M+226% | $37M+189% | $36M+171% | $40M+194% | $23M−15% | $25M−32% | $22M−39% | $16M−60% | $13M−44% | $25M+0% |
| Pre-tax income | $116.7M+20% | $172.3M+84% | $59M−52% | $3M−98% | $132M+13% | $279M+62% | $216M+266% | $194M+6367% | $165M+25% | $22M−92% | −$255M | −$533M |
| $26M+278% | −$861M+9993% | $83M+152% | $108M+315% | $68M+162% | $148M | $102M+23% | $163M+51% | $70M+3% | $48M−68% | $11M−89% | $37M−77% | |
| Net income | $91.3M+1% | $1B+912% | $5M−95% | −$77M | $70M−23% | $156M−85% | $107M+2040% | $32M | $95M+36% | −$26M | −$266M | −$570M |
| $0.05+0% | $0.57+850% | $0.00 | −$0.04 | $0.04−20% | $0.09−84% | $0.06 | $0.02 | $0.05+25% | −$0.01 | −$0.15 | −$0.32 | |
| 1.8B+1% | 1.8B+2% | 1.8B+1% | 1.8B−1% | 1.8B+1% | 1.8B+1% | 1.8B+1% | 1.9B+4% | 1.9B+2% | 1.8B−0% | 1.8B−1% | 1.8B−3% |
Gross profit: 26 periods, Q1 FY20 to Q2 FY26: not printed by the filing, worked out from its own lines.
EPS, diluted: 6 periods, Q4 FY20 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: 3 periods, Q4 FY20 to Q4 FY25: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. Q4 FY22 and Q4 FY23: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY24: the earlier year to date counted no dilution: the quarter's basic count plus the later year to date's dilution.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $9.8B | $9.7B to $9.8B | −$0.09 | −$0.10 to −$0.09 | 2 |
| Q4 FY26 | $10.1B | $9.9B to $10.3B | $0.05 | −$0.01 to $0.10 | 1 |
| Q1 FY27 | $9.9B | $9.7B to $10.2B | $0.05 | $0.05 to $0.05 | 1 |
| Q2 FY27 | $10.5B | $10.2B to $10.7B | $0.10 | $0.09 to $0.10 | 1 |
| Q3 FY27 | $11.1B | $10.8B to $11.3B | $0.11 | $0.11 to $0.12 | 1 |
| Q4 FY27 | $11.4B | $11.1B to $11.7B | $0.12 | $0.12 to $0.13 | 1 |
| Q1 FY28 | $11B | $10.7B to $11.3B | $0.16 | $0.15 to $0.16 | 1 |
| Q2 FY28 | $11.7B | $11.3B to $11.9B | $0.17 | $0.17 to $0.18 | 1 |
Peers
Companies in Specialty Retail nearest Coupang's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| CPNGCoupang | $25B | n/m | 77.1× | 139× | 0.7× | +10% | −2.2% |
| CASYCasey's General Stores | $25.8B | 33.7× | 23.9× | 32.9× | 1.4× | +14% | 4.1% |
| ULTAUlta Beauty | $26.7B | 22.8× | 23.0× | 20.4× | 2.1× | +11% | 9.3% |
| WSMWilliams-Sonoma | $29.7B | 25.8× | 15.9× | 25.5× | 3.7× | +2% | 14.7% |
| BBYBest Buy | $20.9B | 16.6× | 14.5× | n/m | 0.5× | +1% | 3.0% |
| TSCOTractor Supply | $17.4B | 17.4× | 23.3× | n/m | 1.1× | +4% | 6.4% |
| DKSDick's Sporting Goods | $12.9B | 15.5× | 12.6× | n/m | 0.6× | +54% | 4.0% |
| GMEGameStop | $12.5B | 16.3× | 29.1× | n/m | 3.5× | −8% | 25.2% |
| AZOAutoZone | $52.3B | 22.0× | 19.2× | 18.9× | 2.6× | +6% | 12.4% |
| EBAYeBay | $54B | 25.1× | 16.3× | 19.4× | 4.5× | +15% | 18.5% |
| CHWYChewy | $8.8B | 33.2× | 53.0× | n/m | 0.7× | +6% | 2.1% |
| Peer median | $23.4B | 22.4× | 21.1× | 20.4× | 1.7× | +6% | 7.9% |
Investors who own it
Investors we follow who held Coupang at the end of Jun 30, 2026, from their 13F filings.
- Chase ColemanTiger Global Management2.6% of portfolioadded
- Baillie GiffordBaillie Gifford1.2% of portfoliotrimmed
- Stanley DruckenmillerDuquesne Family Office1.1% of portfolio
- Henry EllenbogenDurable Capital Partners0.7% of portfoliotrimmed
- Dan SundheimD1 Capital Partners0.5% of portfoliotrimmed
- Bill NygrenHarris Associates (Oakmark)0.3% of portfolioadded
- Ron BaronBaron Capital0.1% of portfoliotrimmed
More on Coupang
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
Its groups
About
- Industry
- Specialty Retail
- Sector
- Consumer Cyclical
Valuation data, not investment advice. Prices as of .