Coupang (CPNG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Coupang

NYSE•Consumer Cyclical•Internet Retail

$15.11-0.01(<0.01%)Pre-market

Market Cap

$25.71B

P/S

0.7x

P/B

8.6x

Coupang, Inc., together with its subsidiaries, owns and operates retail business through its mobile applications and internet websites in South Korea and internationally. It operates through Product Commerce and Developing Offerings segments. The Product Commerce segment includes Korean retail and marketplace offerings; Rocket Fresh, a fresh grocery offering; and advertising products. The Developing Offerings segment offers Eats, a restaurant ordering and delivery service; Play, an online content streaming service; fintech activities; and Farfetch, a luxury fashion marketplace. It also performs operations and support services in the United States, South Korea, Taiwan, Singapore, China, Japan, Europe, the United Kingdom, and India. Coupang, Inc. was incorporated in 2010 and is headquartered in Seattle, Washington.

How this company scores

AverageMetricSide Score: 50/100

Strongest: Balance Sheet & Red Flags (17/25); weakest: Profitability (8/25).

Profitability8/25

Growth12/25

Balance Sheet & Red Flags17/25

Cash & Earnings Quality13/25

Strengths

Long cash runwayLow leverageCash-backed earningsConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 211.8x5y range 21.3x – 259.4x

Currently above its 12-quarter median.

P/S · 0.7x5y range 0.7x – 2.3x

Currently below its 19-quarter median.

P/B · 8.6x5y range 7.1x – 19.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 181.0% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $25.71B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $35.46B
Q. Revenue: $8.86B
TTM EBITDA: $188.00M
TTM Op. Income: $-628.00M
Q. Op. Income: $-556.00M
TTM Net Income: $-767.00M
Q. Net Income: $-570.00M
EPS: $-0.32
Shares Out.: $1.80B

$35.46B in TTM revenue grew 9.9% YoY, reaching $8.86B last quarter. TTM EBITDA of $188.00M and TTM operating income of $-628.00M show growth is flowing through to the bottom line. However, net income is negative at $767.00M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 28.2%
EBITDA Margin: -4.6%
Op. Margin: -6.3%
Net Margin: -6.4%

Op. margin of -6.3% is down 8.0% YoY — costs are rising relative to revenue. Net margin at -6.4% and gross margin of 28.2% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 3 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 0.7x
P/B Ratio: 8.6x

P/S of 0.7x and P/B of 8.6x. P/S is low relative to typical market levels. Across the last 6 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $17.39B
Cash: $6.11B
Long-Term Debt: $618.00M
Book Value: $2.99B
D/E Ratio: 0.2
Debt/EBITDA: N/A

With $17.39B in assets and $618.00M in long-term debt, D/E is 0.2and book value is $2.99B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 3 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $367.00M
TTM Free Cash Flow: $99.00M
FCF Margin: 0.3%
FCF / Net Income: -0.1

TTM FCF of $99.00M on $367.00M in operating cash flow. The FCF / Net Income ratio of -0.1x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 3 consecutive quarters — a weakening trend.