CPNG
Coupang, Inc.
CPNG lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve.
CPNG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Strong |
CPNG's balance sheet is currently strong, and its revenue is stable, but its profitability and cash flow are under pressure.
CPNG PE Valuation
CPNG has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 54x next year's earnings.
CPNG Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect CPNG to return to profit, with revenue growing.
CPNG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.28 | — |
| Q3 2026 | -$0.77 | -467% |
| Q2 2026 | -$0.44 | -320% |
| Q1 2026 | -$0.10 | -171% |
| Q4 2025 | $0.11 | +38% |
| Q3 2025 | $0.21 | -63% |
| Q2 2025 | $0.20 | -66% |
| Q1 2025 | $0.14 | -80% |
| Q4 2024 | $0.08 | -89% |
CPNG has swung to a loss: it lost $0.77 per share over the past year, after a profit the year before.
CPNG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $10B | +7.5% |
| Q2 2026 | $8.9B | +3.9% |
| Q1 2026 | $8.5B | +7.5% |
| Q4 2025 | $8.8B | +11% |
| Q3 2025 | $9.3B | +18% |
| Q2 2025 | $8.5B | +16% |
| Q1 2025 | $7.9B | +11% |
| Q4 2024 | $8B | +21% |
CPNG's revenue has grown year over year every quarter since early 2021: $10B last quarter, up 7.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -4.5% | -6.3 points |
| Q2 2026 | -6.3% | -8 points |
| Q1 2026 | -2.9% | -4.8 points |
| Q4 2025 | 0.1% | -3.8 points |
| Q3 2025 | 1.8% | +0.4 points |
| Q2 2025 | 1.8% | +2.1 points |
| Q1 2025 | 1.9% | +1.4 points |
| Q4 2024 | 3.9% | +1.9 points |
CPNG's operating margin was −4.5% last quarter, down 6.3 points from the same quarter a year ago.
CPNG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$72M | -116% |
| Q2 2026 | $50M | -80% |
| Q1 2026 | -$112M | -197% |
| Q4 2025 | -$278M | -160% |
| Q3 2025 | $439M | +$485M |
| Q2 2025 | $246M | -49% |
| Q1 2025 | $115M | +9.5% |
| Q4 2024 | $462M | +23% |
CPNG's free cash flow was −$412M over the past year, against $1.3B the year before.
CPNG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -4M shares |
| 1 year | -3.7% | -69M shares |
| 3 years | -0.7% | -13.3M shares |
| 5 years | +2.7% | +47.7M shares |
| Available history | +12% | +195M shares |
CPNG has 1.8B diluted shares, down 3.7% from a year ago, with $1.2B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $201M |
| Q2 2026 | $459M |
| Q1 2026 | $391M |
| Q4 2025 | $162M |
| Q3 2025 | $81M |
| Q4 2024 | — |
| Q3 2024 | — |
| Q4 2021 | — |
CPNG spent $1.2B buying back its own shares over the past year.
CPNG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2026 | -6.5x | Net Cash |
| Q4 2025 | -4.8x | Net Cash |
| Q3 2025 | -4.6x | Net Cash |
| Q2 2025 | -4.9x | Net Cash |
| Q1 2025 | -5.5x | Net Cash |
| Q4 2024 | -5.1x | Net Cash |
| Q3 2024 | -8.4x | Net Cash |
| Q2 2024 | -8.7x | Net Cash |
CPNG has more cash than debt.
CPNG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.7 | Neutral |
| Stochastic | 49.2 | Neutral |
CPNG's weekly RSI is 46 (neutral) and its Stochastic is 49 (neutral).
CPNG PE vs Consumer Cyclical Sector
| Metric | CPNG | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
CPNG has no meaningful PE right now: it lost money over the past year.
CPNG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $14.7 | 4% above |
| 20 week MA | $15.7 | 2.4% below |
| 50 week MA | $18.1 | 15% below |
| 100 week MA | $22.4 | 32% below |
| 200 week MA | $20.7 | 26% below |
CPNG has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 26% below its 200-week average.
CPNG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $48.5 | $30.2 | -38% |
| 2022 | $30.2 | $15.1 | -50% |
| 2023 | $15.1 | $16.2 | +7% |
| 2024 | $16.2 | $22.5 | +39% |
| 2025 | $22.5 | $24.3 | +7.8% |
| 2026 YTD | $24.3 | $15.3 | -37% |
CPNG is down 37% so far in 2026, after finishing higher in three of the previous five years.