CPNG
Coupang, Inc.
CPNG offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
EBAY
eBay Inc.
EBAY has the edge over CPNG overall, supported by stronger fundamentals and lower modeled downside.
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.
EBAY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Stable |
EBAY's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
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.
EBAY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.9x | $31.50 | -74% |
| Fair | 16x | $71.96 | -40% |
| Forward | 18x | $120 | — |
| Expensive | 22x | $99.04 | -18% |
| Current | 26x | $120 | — |
Historical ranges are pointers, not guarantees.
EBAY's PE is in its expensive range at 26x. If earnings grow as analysts expect, today's price would be 18x next year's earnings.
CPNG Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
CPNG has the edge over EBAY on the outlook, with more favorable profitability expectations.
EBAY Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for EBAY, with profitability holding steady.
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.
EBAY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.63 | +45% |
| Q3 2026 | $4.57 | +0.4% |
| Q2 2026 | $4.82 | +7.3% |
| Q1 2026 | $4.40 | +6% |
| Q4 2025 | $4.34 | +10% |
| Q3 2025 | $4.55 | +15% |
| Q2 2025 | $4.49 | -12% |
| Q1 2025 | $4.15 | -17% |
| Q4 2024 | $3.94 | -24% |
EBAY has the edge over CPNG on earnings quality, reporting a profit while its opponent remains loss making.
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.
EBAY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.2B | +14% |
| Q2 2026 | $3.1B | +15% |
| Q1 2026 | $3.1B | +19% |
| Q4 2025 | $3B | +15% |
| Q3 2025 | $2.8B | +9.5% |
| Q2 2025 | $2.7B | +6.1% |
| Q1 2025 | $2.6B | +1.1% |
| Q4 2024 | $2.6B | +0.7% |
EBAY has the edge over CPNG on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | -1.2 points |
| Q2 2026 | 22% | +3.8 points |
| Q1 2026 | 20% | -4 points |
| Q4 2025 | 20% | -0.8 points |
| Q3 2025 | 20% | -2.7 points |
| Q2 2025 | 18% | -3.6 points |
| Q1 2025 | 24% | -0.9 points |
| Q4 2024 | 21% | +5.1 points |
EBAY has the edge over CPNG on profitability, with a higher operating margin.
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.
EBAY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $749M | -6.7% |
| Q2 2026 | $300M | +$741M |
| Q1 2026 | $897M | +39% |
| Q4 2025 | $466M | -17% |
| Q3 2025 | $803M | +24% |
| Q2 2025 | -$441M | -259% |
| Q1 2025 | $644M | +36% |
| Q4 2024 | $560M | +$564M |
EBAY has the edge over CPNG on cash generation, producing positive trailing cash flow while its opponent burns cash.
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 the edge over EBAY on shareholder dilution, with a more favorable share count trend.
| 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.
EBAY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -2M shares |
| 1 year | -3% | -14M shares |
| 3 years | -15% | -79M shares |
| 5 years | -31% | -205M shares |
| Available history | -44% | -359M shares |
EBAY has 453M diluted shares, down 3% from a year ago, with $2.1B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $664M |
| Q2 2026 | $323M |
| Q1 2026 | $486M |
| Q4 2025 | $635M |
| Q3 2025 | $626M |
| Q2 2025 | $624M |
| Q1 2025 | $615M |
| Q4 2024 | $911M |
EBAY spent $2.1B buying back its own shares over the past year, down 24% from the year before.
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.
EBAY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.9x | Healthy |
| Q2 2026 | 1.5x | Healthy |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 1.8x | Healthy |
| Q3 2025 | 1.7x | Healthy |
| Q2 2025 | 1.8x | Healthy |
| Q1 2025 | 1.4x | Healthy |
| Q4 2024 | 1.9x | Healthy |
EBAY's net debt is about 1.9 years of its operating earnings (EBITDA), up from 1.7 years a year ago.
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).
EBAY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.9 | Neutral |
| Stochastic | 80.0 | Overbought |
EBAY's weekly RSI is 62 (neutral) and its Stochastic is 80 (overbought).
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.
EBAY PE vs Consumer Cyclical Sector
| Metric | EBAY | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 18x | 46% above |
| PE % | 91 | 47 | 44 pts above |
EBAY is trading at 26x earnings, a 46% premium to the Consumer Cyclical sector's median of 18x.
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.
EBAY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $116.5 | 3.1% above |
| 20 week MA | $112.4 | 6.9% above |
| 50 week MA | $102.6 | 17% above |
| 100 week MA | $89.8 | 34% above |
| 200 week MA | $69.5 | 73% above |
EBAY has the edge over CPNG on trend strength, trading above more of its moving averages.
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.
EBAY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $36.1 | $50.1 | +39% |
| 2021 | $50.1 | $64.9 | +29% |
| 2022 | $64.9 | $40.2 | -38% |
| 2023 | $40.2 | $43.6 | +8.6% |
| 2024 | $43.6 | $62.8 | +44% |
| 2025 | $62.8 | $85.2 | +36% |
| 2026 YTD | $85.2 | $120.1 | +41% |
EBAY has the edge over CPNG on returns for 2026, with the stronger performance.