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Coupang, Inc. (CPNG) 10-Year Financial Performance & Capital Metrics

CPNG • • Industrial / General
Consumer CyclicalSpecialty RetailE-commerce MarketplacesRegional E-commerce Leaders
AboutCoupang, Inc. owns and operates in e-commerce business through its mobile applications and Internet websites primarily in South Korea. It operates through two segments, Product Commerce and Growth Initiatives. The company sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services. It also performs operations and support services in China, Singapore, Japan, Taiwan, and the United States. Coupang, Inc. was incorporated in 2010 and is headquartered in Seoul, South Korea.Show more
  • Revenue $30.27B +24.1%
  • EBITDA $869M +16.2%
  • Net Income $154M -88.7%
  • EPS (Diluted) 0.08 -88.8%
  • Gross Margin 29.18% +14.9%
  • EBITDA Margin 2.87% -6.4%
  • Operating Margin 1.44% -25.7%
  • Net Margin 0.51% -90.9%
  • ROE 3.76% -91.0%
  • ROIC 18.26% -24.3%
  • Debt/Equity 0.91 +33.2%
  • Interest Coverage 3.11 -68.4%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 37.0%
  • ✓Efficient asset utilization: 2.0x turnover

✗Weaknesses

  • ✗Weak momentum: RS Rating 14 (bottom 14%)
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y36.99%
3Y18.03%
TTM16.63%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-62.17%

EPS CAGR

10Y-
5Y-
3Y-
TTM-62.78%

ROCE

10Y Avg-160.33%
5Y Avg-16.67%
3Y Avg4.08%
Latest6.22%

Peer Comparison

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
CPNGCoupang, Inc.35.46B21.25252.0824.14%1.16%8.23%2.84%0.91
MELIMercadoLibre, Inc.106.41B2098.8555.6937.53%7.93%33.4%6.63%1.58
BABAAlibaba Group Holding Limited408.07B170.933.195.86%12.19%11.1%19%0.23
JDJD.com, Inc.41.73B29.411.096.84%2.47%10.58%100%0.29
HEPSD-Market Elektronik Hizmetler ve Ticaret A.S.795.08M2.78-0.5660.43%-4.38%-362.8%0.67
JMIAJumia Technologies AG1.57B12.78-7.89-10.15%-40.86%-202.57%0.13

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+4.05B6.27B11.97B18.41B20.58B24.38B30.27B
Revenue Growth %-0.55%0.91%0.54%0.12%0.18%0.24%
Cost of Goods Sold+3.86B5.24B9.98B15.46B15.87B18.19B21.44B
COGS % of Revenue0.95%0.84%0.83%0.84%0.77%0.75%0.71%
Gross Profit+189.38M1.03B1.99B2.95B4.71B6.19B8.83B
Gross Margin %0.05%0.16%0.17%0.16%0.23%0.25%0.29%
Gross Profit Growth %-4.46%0.92%0.49%0.6%0.31%0.43%
Operating Expenses+1.24B1.68B2.5B4.45B4.82B5.72B8.39B
OpEx % of Revenue0.31%0.27%0.21%0.24%0.23%0.23%0.28%
Selling, General & Admin1.24B1.68B2.5B4.45B4.82B5.72B8.39B
SG&A % of Revenue0.31%0.27%0.21%0.24%0.23%0.23%0.28%
Research & Development0000000
R&D % of Revenue-------
Other Operating Expenses0000000
Operating Income+-1.05B-641.92M-515.99M-1.49B-112M473M436M
Operating Margin %-0.26%-0.1%-0.04%-0.08%-0.01%0.02%0.01%
Operating Income Growth %-0.39%0.2%-1.9%0.93%5.22%-0.08%
EBITDA+-998.79M-571.01M-388.48M-1.29B119M748M869M
EBITDA Margin %-0.25%-0.09%-0.03%-0.07%0.01%0.03%0.03%
EBITDA Growth %-0.43%0.32%-2.33%1.09%5.29%0.16%
D&A (Non-Cash Add-back)53.62M70.91M127.52M201M231M275M433M
EBIT-1.02B-600.22M-355.1M-1.5B-66M632M613M
Net Interest Income+-67.02M-77.77M-96.77M-36M26M130M76M
Interest Income3.92M19.14M10.99M9M53M178M216M
Interest Expense70.95M96.91M107.76M45M27M48M140M
Other Income/Expense-42.85M-55.2M53.13M-48M19M111M37M
Pretax Income+-1.1B-697.13M-462.87M-1.54B-93M584M473M
Pretax Margin %-0.27%-0.11%-0.04%-0.08%-0%0.02%0.02%
Income Tax+2.28M-241K292K1M-1M-776M407M
Effective Tax Rate %1%1%1%1%0.99%2.33%0.33%
Net Income+-1.1B-696.88M-463.16M-1.54B-92M1.36B154M
Net Margin %-0.27%-0.11%-0.04%-0.08%-0%0.06%0.01%
Net Income Growth %-0.37%0.34%-2.33%0.94%15.78%-0.89%
Net Income (Continuing)-1.1B-696.88M-463.16M-1.54B-92M1.36B66M
Discontinued Operations0000000
Minority Interest000000-1M
EPS (Diluted)+-0.69-0.48-0.33-1.08-0.050.750.08
EPS Growth %-0.3%0.31%-2.27%0.95%15.4%-0.89%
EPS (Basic)-0.69-0.48-0.33-1.08-0.050.760.09
Diluted Shares Outstanding1.6B1.6B1.71B1.42B1.76B1.8B1.83B
Basic Shares Outstanding1.6B1.6B1.71B1.42B1.76B1.78B1.79B
Dividend Payout Ratio-------

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.23B2.16B2.84B5.64B5.83B7.89B8.99B
Cash & Short-Term Investments611.5M1.22B1.25B3.49B3.51B5.24B5.88B
Cash Only611.5M1.22B1.25B3.49B3.51B5.24B5.88B
Short-Term Investments0000000
Accounts Receivable25.92M63.85M71.26M175.35M184M314M407M
Days Sales Outstanding2.333.722.173.483.264.74.91
Inventory391.21M631.74M1.16B1.42B1.66B1.67B2.1B
Days Inventory Outstanding36.954442.4633.5738.133.4235.74
Other Current Assets205.45M237.15M356.8M552.25M480M669M609M
Total Non-Current Assets+418.06M1.07B2.23B3.01B3.68B5.45B6.35B
Property, Plant & Equipment374.04M1B2.03B2.72B3.23B4.07B4.83B
Fixed Asset Turnover10.84x6.25x5.90x6.76x6.38x6.00x6.27x
Goodwill4.31M3.99M4.25M9.74M000
Intangible Assets0000037M271M
Long-Term Investments0000000
Other Non-Current Assets39.71M67.51M193.17M273.13M418M426M628M
Total Assets+1.65B3.23B5.07B8.64B9.51B13.35B15.34B
Asset Turnover2.45x1.94x2.36x2.13x2.16x1.83x1.97x
Asset Growth %-0.95%0.57%0.71%0.1%0.4%0.15%
Total Current Liabilities+1.54B1.88B3.73B4.74B5.06B6.95B7.72B
Accounts Payable1.18B1.59B2.91B3.44B3.62B5.1B5.55B
Days Payables Outstanding111.92110.79106.3481.3183.29102.394.57
Short-Term Debt243.88M14.71M224.25M349.53M304M485M545M
Deferred Revenue (Current)01000K1000K1000K1000K1000K1000K
Other Current Liabilities66M90.33M212.48M266.71M420M526M593M
Current Ratio0.80x1.15x0.76x1.19x1.15x1.14x1.17x
Quick Ratio0.55x0.81x0.45x0.89x0.82x0.90x0.89x
Cash Conversion Cycle-72.63-63.07-61.7-44.26-41.92-64.17-53.92
Total Non-Current Liabilities+863.27M4.88B5.4B1.72B2.04B2.31B3.53B
Long-Term Debt688.45M768.77M943.19M283.19M538M529M988M
Capital Lease Obligations0396.14M859.48M1.2B1.23B1.39B1.77B
Deferred Tax Liabilities0000000
Other Non-Current Liabilities174.83M3.72B3.6B237.12M264M396M768M
Total Liabilities2.4B6.76B9.14B6.47B7.1B9.26B11.24B
Total Debt+932.32M1.28B2.23B2.12B2.4B2.79B3.73B
Net Debt320.82M54.16M982.66M-1.37B-1.11B-2.46B-2.15B
Debt / Equity---0.97x1.00x0.68x0.91x
Debt / EBITDA----20.18x3.73x4.29x
Net Debt / EBITDA-----9.30x-3.28x-2.48x
Interest Coverage-14.83x-6.62x-4.79x-33.20x-4.15x9.85x3.11x
Total Equity+-752.61M-3.53B-4.07B2.18B2.41B4.09B4.1B
Equity Growth %--3.69%-0.15%1.53%0.11%0.69%0%
Book Value per Share-0.47-2.21-2.381.531.372.272.25
Total Shareholders' Equity-752.61M-3.53B-4.07B2.18B2.41B4.09B4.1B
Common Stock54.38M045.12M175K000
Retained Earnings-2.87B-3.57B-4.11B-5.65B-5.74B-4.38B-4.23B
Treasury Stock0000000
Accumulated OCI13.35M7.64M-31.09M-47.74M3M-17M-404M
Minority Interest000000-1M

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-694.47M-311.84M301.55M-411M565M2.65B1.89B
Operating CF Margin %-0.17%-0.05%0.03%-0.02%0.03%0.11%0.06%
Operating CF Growth %-0.55%1.97%-2.36%2.37%3.69%-0.29%
Net Income-1.1B-696.88M-463.16M-1.54B-92M1.36B66M
Depreciation & Amortization53.62M70.91M127.52M201M231M275M433M
Stock-Based Compensation27.33M20.82M31.33M249M262M326M433M
Deferred Taxes0000-41M-884M225M
Other Non-Cash Items96.39M236.01M222.45M750M583M637M694M
Working Capital Changes225.73M57.3M383.41M-68M-378M938M35M
Change in Receivables19.97M-39.98M-4.31M-120M-34M-133M209M
Change in Inventory-159.67M-279.01M-504.29M-528M-367M-44M-376M
Change in Payables400.38M416.51M1.07B728M444M1.51B507M
Cash from Investing+-91.83M-218.22M-520.65M-676M-848M-927M-819M
Capital Expenditures-93.4M-217.82M-484.63M-674M-824M-896M-879M
CapEx % of Revenue0.02%0.03%0.04%0.04%0.04%0.04%0.03%
Acquisitions-------
Investments-------
Other Investing1.57M-401K-36.02M-2M-24M-31M-8M
Cash from Financing+1.24B1.18B178.5M3.58B247M199M-69M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing01.51B28.61M50M18M9M4M
Net Change in Cash-------
Free Cash Flow+-787.87M-529.67M-183.08M-1.08B-259M1.76B1.01B
FCF Margin %-0.19%-0.08%-0.02%-0.06%-0.01%0.07%0.03%
FCF Growth %-0.33%0.65%-4.93%0.76%7.78%-0.43%
FCF per Share-0.49-0.33-0.11-0.76-0.150.970.55
FCF Conversion (FCF/Net Income)0.63x0.45x-0.65x0.27x-6.14x1.95x12.25x
Interest Paid18.08M19.06M23.66M21M19M31M85M
Taxes Paid644K2.54M857K3M6M110M138M

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)----70.91%-4.01%41.83%3.76%
Return on Invested Capital (ROIC)----138.45%-7.94%24.13%18.26%
Gross Margin4.67%16.47%16.6%16.03%22.88%25.39%29.18%
Net Margin-27.08%-11.11%-3.87%-8.38%-0.45%5.58%0.51%
Debt / Equity---0.97x1.00x0.68x0.91x
Interest Coverage-14.83x-6.62x-4.79x-33.20x-4.15x9.85x3.11x
FCF Conversion0.63x0.45x-0.65x0.27x-6.14x1.95x12.25x
Revenue Growth-54.76%90.77%53.8%11.83%18.46%24.14%

Revenue by Segment

2021202220232024
Product16.49B18.34B21.22B23.87B
Product Growth-11.22%15.73%12.45%
Third-Party Merchant Services1.7B1.87B2.58B5.58B
Third-Party Merchant Services Growth-10.27%37.79%116.61%
Service, Other222.97M374.94M584M822M
Service, Other Growth-68.15%55.76%40.75%

Frequently Asked Questions

Valuation & Price

Coupang, Inc. (CPNG) has a price-to-earnings (P/E) ratio of 252.1x. This suggests investors expect higher future growth.

Growth & Financials

Coupang, Inc. (CPNG) reported $33.66B in revenue for fiscal year 2024. This represents a 730% increase from $4.05B in 2018.

Coupang, Inc. (CPNG) grew revenue by 24.1% over the past year. This is strong growth.

Yes, Coupang, Inc. (CPNG) is profitable, generating $390.0M in net income for fiscal year 2024 (0.5% net margin).

Dividend & Returns

Coupang, Inc. (CPNG) has a return on equity (ROE) of 3.8%. This is below average, suggesting room for improvement.

Coupang, Inc. (CPNG) generated $1.27B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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