Last 21 quarters of trend data · Consumer Cyclical · Specialty Retail
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 162.64 | — | — | 161.00 | 435.47 | 91.38 | 64.72 | 153.44 | — | 1588.39 | 7.10 | 85.00 | 54.37 |
| — | — | — | +4.9% | — | -94.2% | +811.5% | +80.5% | — | +1885.5% | -88.3% | +2.0% | — | |
| P/S Ratio | 0.94 | 4.25 | 1.24 | 1.62 | 1.63 | 1.28 | 1.27 | 1.43 | 1.28 | 1.13 | 1.11 | 1.24 | 1.34 |
| — | +233.0% | -2.3% | +13.5% | +27.4% | +12.4% | +13.9% | +14.9% | -4.6% | -8.3% | -8.7% | -15.1% | +20.2% | |
| P/B Ratio | 7.18 | 8.77 | 9.47 | 12.66 | 11.86 | 9.17 | 9.84 | 10.50 | 9.50 | 7.69 | 7.14 | 10.50 | 11.28 |
| — | -4.4% | -3.8% | +20.6% | +24.9% | +19.3% | +37.9% | +0.0% | -15.9% | -31.4% | -33.6% | -23.6% | +3.8% | |
| P/FCF | 61.92 | — | — | 33.53 | 56.48 | 87.72 | 21.85 | — | 19.28 | 76.88 | 19.43 | 14.44 | 17.67 |
| — | — | — | — | +192.9% | +14.1% | +12.4% | — | +9.1% | +335.0% | +37.5% | — | — | |
| EV / EBITDA | 44.86 | — | — | 48.93 | 48.51 | 34.71 | 22.12 | 48.76 | 110.06 | 56.81 | 32.29 | 45.94 | 34.54 |
| — | — | — | +0.4% | -55.9% | -38.9% | -31.5% | +6.1% | +218.6% | +42.3% | -27.0% | -16.7% | — | |
| EV / EBIT | 64.78 | — | 276.82 | 77.19 | 60.91 | 40.08 | 29.96 | 64.14 | 222.87 | 89.19 | 35.93 | 55.13 | 40.18 |
| — | — | +824.1% | +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 -11.9% in Q1 2026, down 12.0 pp QoQ and down 13.9 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of -2.1% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 803.6% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.4% | -206.1% | 28.8% | 29.4% | 30.0% | 29.3% | 31.3% | 28.8% | 29.3% | 27.1% | 25.6% | 25.3% | 26.1% |
| — | -803.6% | -7.9% | +1.8% | +2.7% | +8.0% | +22.1% | +13.9% | +12.0% | +10.8% | +6.7% | +4.7% | +14.0% | |
| Operating Margin | 1.4% | -11.9% | 0.1% | 1.7% | 1.7% | 1.9% | 3.9% | 1.4% | -0.3% | 0.6% | 2.0% | 1.4% | 2.5% |
| — | -712.8% | -97.7% | +26.2% | +612.0% | +246.3% | +97.7% | -2.6% | -113.5% | -69.5% | +26.5% | -6.2% | +290.2% | |
| Net Margin | 0.6% | -13.1% | -0.3% | 1.0% | 0.4% | 1.4% | 2.0% | 0.9% | -1.1% | 0.1% | 15.7% | 1.5% | 2.5% |
| — | -1069.4% | -115.0% | +15.2% | +135.7% | +1824.8% | -87.6% | -39.5% | -142.3% | -95.5% | +721.6% | -17.2% | +265.7% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.8% | -6.2% | -0.6% | 2.0% | 0.7% | 2.5% | 3.7% | 1.7% | -1.9% | 0.1% | 29.4% | 3.2% | 5.4% |
| — | -347.1% | -114.9% | +18.4% | +137.3% | +1985.8% | -87.4% | -46.6% | -134.8% | -96.7% | +561.2% | -25.4% | +247.8% | |
| ROA | 1.3% | -1.5% | -0.1% | 0.5% | 0.2% | 0.7% | 1.0% | 0.4% | -0.5% | 0.0% | 8.3% | 0.8% | 1.4% |
| — | -321.3% | -114.5% | +17.3% | +137.1% | +1835.1% | -88.1% | -45.7% | -135.9% | -96.3% | +616.4% | -25.3% | +261.2% | |
| ROIC | 14.5% | -6.7% | 0.2% | 4.9% | 4.6% | 5.4% | 10.6% | 3.6% | -0.8% | 1.4% | 7.8% | 7.0% | 10.2% |
| — | -225.3% | -97.9% | +38.8% | +681.6% | +277.0% | +35.2% | -49.3% | -107.8% | -78.2% | +70.1% | +56.4% | +327.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 16.4% YoY to 0.97x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.00 | 1.23 | 1.00 | 1.04 | 0.98 | 0.93 | 0.91 | 0.94 | 0.94 | 0.86 | 0.68 | 0.95 | 0.98 |
| — | +32.7% | +10.4% | +11.0% | +3.8% | +7.7% | +33.2% | -1.3% | -4.1% | -7.8% | -31.5% | -3.5% | -8.6% | |
| Debt / EBITDA | 6.79 | — | — | 16.78 | 16.65 | 14.78 | 8.62 | 18.19 | 45.86 | 26.79 | 13.46 | 17.87 | 12.73 |
| — | — | — | -7.8% | -63.7% | -44.8% | -36.0% | +1.8% | +260.4% | +91.5% | -21.3% | +9.9% | — | |
| Current Ratio | 1.04 | 0.97 | 1.04 | 1.06 | 1.09 | 1.16 | 1.17 | 1.13 | 1.12 | 1.15 | 1.14 | 1.14 | 1.19 |
| — | -16.4% | -11.1% | -5.8% | -3.1% | +1.0% | +2.6% | -1.4% | -5.8% | -2.5% | -1.3% | -6.6% | -1.7% | |
| Quick Ratio | 0.79 | 0.76 | 0.79 | 0.82 | 0.84 | 0.90 | 0.89 | 0.86 | 0.87 | 0.89 | 0.90 | 0.89 | 0.91 |
| — | -15.8% | -11.1% | -5.0% | -2.9% | +1.4% | -0.3% | -3.5% | -5.0% | +3.8% | +8.8% | +1.8% | +4.9% | |
| Interest Coverage | 7.94 | -18.62 | 2.38 | 8.50 | 8.76 | 10.39 | 7.97 | 4.67 | 1.08 | 3.19 | 13.39 | 9.78 | 14.36 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 21 years · Updated daily
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Coupang, Inc.'s current P/E is 162.6x. The average P/E over the last 2 quarters is 298.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Coupang, Inc.'s current operating margin is 1.4%. 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.