Last 20 quarters of trend data · Consumer Cyclical · Specialty Retail
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has expanded 261.1% YoY to 79.9x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 173.45 | — | 161.00 | 435.47 | 91.38 | 64.72 | 153.44 | — | 1588.39 | 7.10 | 85.00 | 54.37 | 80.00 |
| — | — | +4.9% | — | -94.2% | +811.5% | +80.5% | — | +1885.5% | -88.3% | +2.0% | — | — | |
| P/S Ratio | 0.37 | — | 1.62 | 1.63 | 1.28 | 1.27 | 1.43 | 1.28 | 1.13 | 1.11 | 1.24 | 1.34 | 1.24 |
| — | — | +13.5% | +27.4% | +12.4% | +13.9% | +14.9% | -4.6% | -8.3% | -8.7% | -15.1% | +20.2% | -18.5% | |
| P/B Ratio | 1.58 | 1.95 | 12.66 | 11.86 | 9.17 | 9.84 | 10.50 | 9.50 | 7.69 | 7.14 | 10.50 | 11.28 | 11.21 |
| — | -80.2% | +20.6% | +24.9% | +19.3% | +37.9% | +0.0% | -15.9% | -31.4% | -33.6% | -23.6% | +3.8% | -26.5% | |
| P/FCF | 5.78 | — | 33.53 | 56.48 | 87.72 | 21.85 | — | 19.28 | 76.88 | 19.43 | 14.44 | 17.67 | 17.67 |
| — | — | — | +192.9% | +14.1% | +12.4% | — | +9.1% | +335.0% | +37.5% | — | — | — | |
| EV / EBITDA | 1.66 | 79.87 | 48.93 | 48.51 | 34.71 | 22.12 | 48.76 | 110.06 | 56.81 | 32.29 | 45.94 | 34.54 | 39.92 |
| — | +261.1% | +0.4% | -55.9% | -38.9% | -31.5% | +6.1% | +218.6% | +42.3% | -27.0% | -16.7% | — | — | |
| EV / EBIT | 1.66 | — | 77.19 | 60.91 | 40.08 | 29.96 | 64.14 | 222.87 | 89.19 | 35.93 | 55.13 | 40.18 | 51.71 |
| — | — | +20.4% | -72.7% | -55.1% | -16.6% | +16.3% | +454.7% | +72.5% | -41.8% | -21.1% | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Coupang, Inc.'s operating margin was -0.0% in Q4 2025, down 1.8 pp QoQ and down 4.0 pp YoY. The trailing four-quarter average of 1.3% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin expanded 334.8% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -196.7% | 136.0% | 29.4% | 30.0% | 29.3% | 31.3% | 28.8% | 29.3% | 27.1% | 25.6% | 25.3% | 26.1% | 24.5% |
| — | +334.8% | +1.8% | +2.7% | +8.0% | +22.1% | +13.9% | +12.0% | +10.8% | +6.7% | +4.7% | +14.0% | +20.0% | |
| Operating Margin | 5.8% | -0.0% | 1.7% | 1.7% | 1.9% | 3.9% | 1.4% | -0.3% | 0.6% | 2.0% | 1.4% | 2.5% | 1.8% |
| — | -101.2% | +26.2% | +612.0% | +246.3% | +97.7% | -2.6% | -113.5% | -69.5% | +26.5% | -6.2% | +290.2% | +145.9% | |
| Net Margin | 2.5% | 0.1% | 1.0% | 0.4% | 1.4% | 2.0% | 0.9% | -1.1% | 0.1% | 15.7% | 1.5% | 2.5% | 1.6% |
| — | -92.4% | +15.2% | +135.7% | +1824.8% | -87.6% | -39.5% | -142.3% | -95.5% | +721.6% | -17.2% | +265.7% | +138.4% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.6% | -0.2% | 2.0% | 0.7% | 2.5% | 3.7% | 1.7% | -1.9% | 0.1% | 29.4% | 3.2% | 5.4% | 3.7% |
| — | -105.1% | +18.4% | +137.3% | +1985.8% | -87.4% | -46.6% | -134.8% | -96.7% | +561.2% | -25.4% | +247.8% | +136.8% | |
| ROA | 1.3% | -0.1% | 0.5% | 0.2% | 0.7% | 1.0% | 0.4% | -0.5% | 0.0% | 8.3% | 0.8% | 1.4% | 0.9% |
| — | -114.5% | +17.3% | +137.1% | +1835.1% | -88.1% | -45.7% | -135.9% | -96.3% | +616.4% | -25.3% | +261.2% | +139.2% | |
| ROIC | 3.2% | 0.1% | 4.9% | 4.6% | 5.4% | 10.6% | 3.6% | -0.8% | 1.4% | 7.8% | 7.0% | 10.2% | 6.5% |
| — | -99.5% | +38.8% | +681.6% | +277.0% | +35.2% | -49.3% | -107.8% | -78.2% | +70.1% | +56.4% | +327.5% | +139.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Coupang, Inc.'s Debt/EBITDA ratio is 31.5x, up from 16.8x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 11.1% YoY to 1.04x, tightening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.18 | 0.18 | 1.04 | 0.98 | 0.93 | 0.91 | 0.94 | 0.94 | 0.86 | 0.68 | 0.95 | 0.98 | 0.93 |
| — | -79.9% | +11.0% | +3.8% | +7.7% | +33.2% | -1.3% | -4.1% | -7.8% | -31.5% | -3.5% | -8.6% | -20.9% | |
| Debt / EBITDA | 8.65 | 31.46 | 16.78 | 16.65 | 14.78 | 8.62 | 18.19 | 45.86 | 26.79 | 13.46 | 17.87 | 12.73 | 13.99 |
| — | +264.9% | -7.8% | -63.7% | -44.8% | -36.0% | +1.8% | +260.4% | +91.5% | -21.3% | +9.9% | — | — | |
| Current Ratio | 1.04 | 1.04 | 1.06 | 1.09 | 1.16 | 1.17 | 1.13 | 1.12 | 1.15 | 1.14 | 1.14 | 1.19 | 1.18 |
| — | -11.1% | -5.8% | -3.1% | +1.0% | +2.6% | -1.4% | -5.8% | -2.5% | -1.3% | -6.6% | -1.7% | -3.1% | |
| Quick Ratio | 0.79 | 0.79 | 0.82 | 0.84 | 0.90 | 0.89 | 0.86 | 0.87 | 0.89 | 0.90 | 0.89 | 0.91 | 0.86 |
| — | -11.1% | -5.0% | -2.9% | +1.4% | -0.3% | -3.5% | -5.0% | +3.8% | +8.8% | +1.8% | +4.9% | -5.9% | |
| Interest Coverage | — | 0.27 | 7.36 | 5.96 | 6.70 | 7.80 | 3.03 | -0.68 | 1.48 | 9.36 | 6.62 | 11.55 | 13.38 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 20 years · Updated daily
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Start ComparisonCoupang, Inc.'s current P/E is 173.5x. The average P/E over the last 3 quarters is 229.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Coupang, Inc.'s current operating margin is 5.8%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Coupang, Inc.'s business trajectory between earnings reports.