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Coupang, Inc. CPNG

NYSE · stock · Retail-Catalog & Mail-Order Houses · website · IPO 2021-03-11 · LEI

Coupang, Inc. statistics & valuation

Market cap$31.6B
P / E151.7×
P / S0.9×
P / B6.8×
P / FCF60.5×
Net margin0.6%
Return on equity4.5%
FCF margin1.5%
Net cash$5.7B
Net debt / EBITDA-5.7×
Enterprise value USD$25.9B
EV / EBITDA26.1×
Earnings yield EBIT/EV1.8%
Return on capital5.6%
Graham number -84.8%$2.48

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($2.48); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-3.90% -8.40% -0.40% 5.60% 0.50% 0.60% 202020212022202320242025
Gross margin (%)
22.90% 25.40% 29.20% 29.40% 202020212022202320242025
Operating margin (%)
-4.30% -8.10% -0.50% 1.90% 1.40% 1.40% 202020212022202320242025
Return on equity (%)
-70.90% -3.80% 33.30% 3.80% 4.50% 202020212022202320242025
Shares outstanding
29.0M 1.42B 1.76B 1.80B 1.83B 1.85B 202020212022202320242025
Net debt ($)
-$898.1M -$3.20B -$2.97B -$4.71B -$4.89B -$5.67B 202020212022202320242025
Share buybacks ($)
202020212022202320242025
Return on assets (%)
-9.10% -17.90% -1.00% 10.20% 1.00% 1.20% 202020212022202320242025
Free cash flow margin (%)
-1.50% -5.90% -1.30% 7.20% 3.30% 1.50% 202020212022202320242025
Debt / equity (×)
0.13× 0.22× 0.13× 0.24× 0.14× 202020212022202320242025
EPS ($)
-$19.16 -$1.08 -$0.05 $0.75 $0.08 $0.11 202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020
Gross margin29.4%29.2%25.4%22.9%——
Operating margin1.4%1.4%1.9%-0.5%-8.1%-4.3%
Net margin0.6%0.5%5.6%-0.4%-8.4%-3.9%
FCF margin1.5%3.3%7.2%-1.3%-5.9%-1.5%
Return on assets1.2%1.0%10.2%-1.0%-17.9%-9.1%
Return on equity4.5%3.8%33.3%-3.8%-70.9%11.4%
Debt / equity0.14×0.24×0.13×0.22×0.13×-0.09×
Current ratio1.041.171.141.151.190.76

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.