Sector Alpha Week of 2026-07-28
20-quarter listed-company comparison

Internet Retail Stocks

Internet Retail: Amazon.com, Inc. owns the largest revenue base; MercadoLibre, Inc. has the fastest current growth.

The industry itself · before any single company

How has Internet Retail moved against S&P 500?

The line below covers 5.2 years. Over the most recent two of them this industry is 18% ahead of S&P 500. Earnings across its companies grew 17% on average over the last four reported quarters.

ASLEEP · 1y −14.3%Price and the fundamentals both up7 of 23 companies ahead of S&P 500 by 5% or more over three months2 are 20% or more behind over a year while earnings grew 20% or more

RS — · 10/23 >200d (+1) · 7/23 lead (+0) · EPS 16/23↑

100200202620252024202320222021 218348 TRAILING 12-MONTH EPS · 100 AT THE START0100140Mar 22Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 8 reportingJun 2022 · trailing 12-month earnings per share at 85, against 100 at the start · down 100.0% on a year ago · 9 reportingSep 2022 · trailing 12-month earnings per share at 63, against 100 at the start · no comparable year yet · 8 reportingDec 2022 · trailing 12-month earnings per share at 56, against 100 at the start · down 100.0% on a year ago · 9 reportingMar 2023 · trailing 12-month earnings per share at 56, against 100 at the start · down 38.3% on a year ago · 8 reportingJun 2023 · trailing 12-month earnings per share at 44, against 100 at the start · up 57.7% on a year ago · 9 reportingSep 2023 · trailing 12-month earnings per share at 86, against 100 at the start · up 67.4% on a year ago · 8 reportingDec 2023 · trailing 12-month earnings per share at 83, against 100 at the start · up 66.0% on a year ago · 9 reportingMar 2024 · trailing 12-month earnings per share at 110, against 100 at the start · up 32.6% on a year ago · 8 reportingJun 2024 · trailing 12-month earnings per share at 80, against 100 at the start · up 46.2% on a year ago · 9 reportingSep 2024 · trailing 12-month earnings per share at 115, against 100 at the start · up 27.3% on a year ago · 8 reportingDec 2024 · trailing 12-month earnings per share at 79, against 100 at the start · up 76.7% on a year ago · 9 reportingMar 2025 · trailing 12-month earnings per share at 139, against 100 at the start · up 72.0% on a year ago · 8 reportingJun 2025 · trailing 12-month earnings per share at 51, against 100 at the start · up 30.1% on a year ago · 9 reportingSep 2025 · trailing 12-month earnings per share at 140, against 100 at the start · up 18.7% on a year ago · 8 reportingDec 2025 · trailing 12-month earnings per share at 64, against 100 at the start · up 4.5% on a year ago · 9 reportingMar 2026 · trailing 12-month earnings per share at 136, against 100 at the start · up 12.7% on a year ago · 8 reportingNot reported yet — earnings trail price by a quarter or two136 · Mar 26No earnings on file this far back — the price series reaches further than the filings do
100200202620252024202320222021 218348 TRAILING 12-MONTH EPS · 100 AT THE START0100140Mar 22Mar 23Mar 24Mar 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 8 reportingJun 2022 · trailing 12-month earnings per share at 85, against 100 at the start · down 100.0% on a year ago · 9 reportingSep 2022 · trailing 12-month earnings per share at 63, against 100 at the start · no comparable year yet · 8 reportingDec 2022 · trailing 12-month earnings per share at 56, against 100 at the start · down 100.0% on a year ago · 9 reportingMar 2023 · trailing 12-month earnings per share at 56, against 100 at the start · down 38.3% on a year ago · 8 reportingJun 2023 · trailing 12-month earnings per share at 44, against 100 at the start · up 57.7% on a year ago · 9 reportingSep 2023 · trailing 12-month earnings per share at 86, against 100 at the start · up 67.4% on a year ago · 8 reportingDec 2023 · trailing 12-month earnings per share at 83, against 100 at the start · up 66.0% on a year ago · 9 reportingMar 2024 · trailing 12-month earnings per share at 110, against 100 at the start · up 32.6% on a year ago · 8 reportingJun 2024 · trailing 12-month earnings per share at 80, against 100 at the start · up 46.2% on a year ago · 9 reportingSep 2024 · trailing 12-month earnings per share at 115, against 100 at the start · up 27.3% on a year ago · 8 reportingDec 2024 · trailing 12-month earnings per share at 79, against 100 at the start · up 76.7% on a year ago · 9 reportingMar 2025 · trailing 12-month earnings per share at 139, against 100 at the start · up 72.0% on a year ago · 8 reportingJun 2025 · trailing 12-month earnings per share at 51, against 100 at the start · up 30.1% on a year ago · 9 reportingSep 2025 · trailing 12-month earnings per share at 140, against 100 at the start · up 18.7% on a year ago · 8 reportingDec 2025 · trailing 12-month earnings per share at 64, against 100 at the start · up 4.5% on a year ago · 9 reportingMar 2026 · trailing 12-month earnings per share at 136, against 100 at the start · up 12.7% on a year ago · 8 reportingNot reported yet — earnings trail price by a quarter or two136No earnings on file this far back — the price series reaches further than the filings do
Internet Retail, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy MixedHow much of the industry is participating, how recently, and whether the movers score well.
Together7 of 23 stocks moving
Fresh1 crossed in the last 4 weeks
Backed by scoresmovers score +4 vs the industry average
Down the cap ladder — bar is now, tick is four weeks ago
Large 0/5−1
Mid 4/80
Small 3/10+1

Participation is spreading downward — the mid and small companies added more this month than the large ones did.

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 23 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Internet Retail outperforming S&P 500?

Internet Retail has underperformed S&P 500 by 10% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 0.1%. 7 of 16 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Etsy, Inc. is the strongest against the sector itself at +41.1%.

-0.1%Sector vs S&P 500 · 13 weeks
-10.0%Sector vs S&P 500 · 52 weeks
7/16Stocks leading S&P 500
8/16Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Internet Retail has underperformed S&P 500 by 10% over 52 weeks and 0.1% over 13 weeks. 7 of 16 covered companies beat the S&P 500 on Mansfield relative strength, while 8 of 16 beat the sector itself. Amazon.com, Inc. leads with revenue of $742,776 million, based on 15 of 16 comparable companies through Mar 2026.

Is the Internet Retail sector outperforming S&P 500?

Internet Retail has underperformed S&P 500 by 10% over 52 weeks and 0.1% over 13 weeks. 7 of 16 covered companies beat the S&P 500 on Mansfield relative strength, while 8 of 16 beat the sector itself.

Which Internet Retail company is largest by revenue?

Amazon.com, Inc. leads with revenue of $742,776 million, based on 15 of 16 comparable companies through Mar 2026.

Which Internet Retail company is growing fastest?

MercadoLibre, Inc. has the fastest current revenue growth at 42.1%, across 15 of 16 comparable companies.

Which Internet Retail company has the strongest 4-Factor Sector Score?

Maplebear Inc. ranks first at 66.4/100 with 82% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Internet Retail company reports the most CAPEX?

Amazon.com, Inc. reports the largest latest CAPEX at $44,203 million, with 16 of 16 companies comparable.

Which Internet Retail company has the least gross debt?

Jumia Technologies AG has the lowest comparable gross debt at $10 million. Amazon.com, Inc. has the highest at $209,888 million.

Which Internet Retail company has the lowest comparable PEG?

Amazon.com, Inc. has the lowest comparable Guarded PEG at 0.69, among 7 of 16 companies that pass the metric’s comparability rules.

How much history does this Internet Retail comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
16
complete canonical membership
Combined market value
$2.9T
Amazon.com, Inc.
Revenue growing
15/15
positive TTM year-on-year growth
Beating S&P 500
7/16
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Maplebear Inc. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 82% evidence confidence.
eBay Inc. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Maplebear Inc. · CART

66.4/100 · Favorable setup · 82% evidence

Exact sum: 21.1 + 17.4 + 13.3 + 14.6 = 66.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

21.1/35Growth & earnings

Revenue 11.8% · PAT 12% · OPM change 5.6 pp

83% evidence

17.4/25Capital efficiency

ROCE 6% · debt/equity 0.01×

80% evidence

13.3/20Valuation

P/E 20.9× · PEG 1.18

65% evidence

14.6/20Relative strength

RS sector 11.9% · RS bench 2.6% · 1Y -3%

100% evidence

2. Etsy, Inc. · ETSY

65.3/100 · Favorable setup · 65% evidence

Exact sum: 21.4 + 12.6 + 11.3 + 20 = 65.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

21.4/35Growth & earnings

Revenue 3.2% · PAT 56.6% · OPM change 19.6 pp

62% evidence

12.6/25Capital efficiency

ROCE 7.9% · debt/equity 4.11×

80% evidence

11.3/20Valuation

P/E 20.8× · PEG —

15% evidence

20.0/20Relative strength

RS sector 41.1% · RS bench 30.1% · 1Y 47.1%

100% evidence

3. Global-E Online Ltd. · GLBE

62.4/100 · Mixed-positive evidence · 65% evidence

Exact sum: 23.9 + 12.9 + 9.4 + 16.2 = 62.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

23.9/35Growth & earnings

Revenue 28.6% · PAT — · OPM change 23.2 pp

62% evidence

12.9/25Capital efficiency

ROCE 3.6% · debt/equity 0.03×

80% evidence

9.4/20Valuation

P/E 47.5× · PEG —

15% evidence

16.2/20Relative strength

RS sector 13.5% · RS bench 3.6% · 1Y 23.8%

100% evidence

4. Revolve Group, Inc. · RVLV

61.2/100 · Mixed-positive evidence · 76% evidence

Exact sum: 18.3 + 13.4 + 14.4 + 15.1 = 61.2

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

18.3/35Growth & earnings

Revenue 10% · PAT 30.6% · OPM change -0.4 pp

83% evidence

13.4/25Capital efficiency

ROCE 3% · debt/equity 0.06×

80% evidence

14.4/20Valuation

P/E 25.4× · PEG 0.88

65% evidence

15.1/20Relative strength

RS sector 14.3% · RS bench 4.3% · 1Y 33.4%

70% evidence

5. Liquidity Services, Inc. · LQDT

60.9/100 · Mixed-positive evidence · 76% evidence

Exact sum: 19.8 + 15.1 + 9.6 + 16.4 = 60.9

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

19.8/35Growth & earnings

Revenue 9.3% · PAT 20% · OPM change 2.2 pp

83% evidence

15.1/25Capital efficiency

ROCE 4.4% · debt/equity 0.07×

80% evidence

9.6/20Valuation

P/E 32.5× · PEG 1.71

65% evidence

16.4/20Relative strength

RS sector 27.3% · RS bench 18.3% · 1Y 67.5%

70% evidence

6. Amazon.com, Inc. · AMZN

56.2/100 · Mixed-positive evidence · 82% evidence

Exact sum: 20.6 + 13.2 + 15.8 + 6.6 = 56.2

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

20.6/35Growth & earnings

Revenue 14.2% · PAT 38.5% · OPM change 1.3 pp

83% evidence

13.2/25Capital efficiency

ROCE 4.1% · debt/equity 0.47×

80% evidence

15.8/20Valuation

P/E 24.9× · PEG 0.69

65% evidence

6.6/20Relative strength

RS sector 0.6% · RS bench -7.5% · 1Y 7.5%

100% evidence

7. Sea Limited · SE

51.6/100 · Mixed-positive evidence · 72% evidence

Exact sum: 21 + 12.5 + 10.1 + 8 = 51.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

21.0/35Growth & earnings

Revenue 40.5% · PAT 85.7% · OPM change -1 pp

83% evidence

12.5/25Capital efficiency

ROCE 4.3% · debt/equity 0.28×

80% evidence

10.1/20Valuation

P/E 32.6× · PEG —

15% evidence

8.0/20Relative strength

RS sector -10.2% · RS bench -19.9% · 1Y -30.3%

100% evidence

8. Wayfair Inc. · W

51.0/100 · Thin evidence · provisional · 59% evidence

Exact sum: 20.4 + 7.1 + 8.5 + 15 = 51

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

20.4/35Growth & earnings

Revenue 6.8% · PAT — · OPM change 4.1 pp

62% evidence

7.1/25Capital efficiency

ROCE -1.1% · debt/equity —

57% evidence

8.5/20Valuation

P/E 327.6× · PEG —

15% evidence

15.0/20Relative strength

RS sector 11.7% · RS bench 1.5% · 1Y 45%

100% evidence

9. DoorDash, Inc. · DASH

47.6/100 · Mixed-negative evidence · 72% evidence

Exact sum: 18.9 + 9.5 + 9.2 + 10 = 47.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

18.9/35Growth & earnings

Revenue 31% · PAT 100% · OPM change -1.4 pp

83% evidence

9.5/25Capital efficiency

ROCE 1.3% · debt/equity 0.32×

80% evidence

9.2/20Valuation

P/E 71.5× · PEG —

15% evidence

10.0/20Relative strength

RS sector -1% · RS bench -10.8% · 1Y -21.3%

100% evidence

10. eBay Inc. · EBAY

46.0/100 · Mixed-negative evidence · 82% evidence

Exact sum: 12.9 + 11.9 + 6.5 + 14.7 = 46

Decision use: Price leads the evidence: RS versus the benchmark is 14.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

12.9/35Growth & earnings

Revenue 12.5% · PAT -2% · OPM change -3.8 pp

83% evidence

11.9/25Capital efficiency

ROCE 4.7% · debt/equity 1.6×

80% evidence

6.5/20Valuation

P/E 20.6× · PEG 3.93

65% evidence

14.7/20Relative strength

RS sector 23.7% · RS bench 14.4% · 1Y 28%

100% evidence

11. Chewy, Inc. · CHWY

42.8/100 · Mixed-negative evidence · 86% evidence

Exact sum: 15.9 + 13.7 + 8.2 + 5 = 42.8

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

15.9/35Growth & earnings

Revenue 6.1% · PAT -34.3% · OPM change 1.3 pp

95% evidence

13.7/25Capital efficiency

ROCE 13.7% · debt/equity 1.14×

80% evidence

8.2/20Valuation

P/E 42.6× · PEG 1.81

65% evidence

5.0/20Relative strength

RS sector -19.8% · RS bench -28.2% · 1Y -36.2%

100% evidence

12. MercadoLibre, Inc. · MELI

42.2/100 · Mixed-negative evidence · 82% evidence

Exact sum: 12.4 + 11.1 + 10.9 + 7.8 = 42.2

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

12.4/35Growth & earnings

Revenue 42.1% · PAT -6.8% · OPM change -6 pp

83% evidence

11.1/25Capital efficiency

ROCE 5% · debt/equity 1.7×

80% evidence

10.9/20Valuation

P/E 45.6× · PEG 1.28

65% evidence

7.8/20Relative strength

RS sector -3.3% · RS bench -12.5% · 1Y -21.6%

100% evidence

13. Jumia Technologies AG · JMIA

41.6/100 · Thin evidence · provisional · 56% evidence

Exact sum: 22.5 + 5.5 + 10 + 3.6 = 41.6

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

22.5/35Growth & earnings

Revenue 32.5% · PAT — · OPM change 24 pp

62% evidence

5.5/25Capital efficiency

ROCE -28.1% · debt/equity 0.77×

80% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

3.6/20Relative strength

RS sector -32.9% · RS bench -39.8% · 1Y 34.4%

70% evidence

14. ThredUp Inc. · TDUP

35.8/100 · Thin evidence · provisional · 56% evidence

Exact sum: 14.2 + 5.6 + 10 + 6 = 35.8

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

14.2/35Growth & earnings

Revenue 20.6% · PAT — · OPM change -0.5 pp

62% evidence

5.6/25Capital efficiency

ROCE -6.1% · debt/equity 0.88×

80% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

6.0/20Relative strength

RS sector -7.7% · RS bench -17.7% · 1Y -30.5%

70% evidence

15. Coupang, Inc. · CPNG

23.6/100 · Adverse evidence · 72% evidence

Exact sum: 7.3 + 6 + 8.7 + 1.6 = 23.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

7.3/35Growth & earnings

Revenue 13.1% · PAT -181.4% · OPM change -4.7 pp

83% evidence

6.0/25Capital efficiency

ROCE -3.1% · debt/equity 1.37×

80% evidence

8.7/20Valuation

P/E 214.5× · PEG —

15% evidence

1.6/20Relative strength

RS sector -30.1% · RS bench -37.4% · 1Y -46.3%

100% evidence

16. Newegg Commerce, Inc. · NEGG

38.4/100 · Thin evidence · provisional · 33% evidence

Exact sum: 17.7 + 8.7 + 9 + 3 = 38.4

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

17.7/35Growth & earnings

Revenue — · PAT — · OPM change —

12% evidence

8.7/25Capital efficiency

ROCE 0% · debt/equity —

46% evidence

9.0/20Valuation

P/E 210.7× · PEG —

15% evidence

3.0/20Relative strength

RS sector -68% · RS bench -71.8% · 1Y -73.7%

70% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Amazon.com, Inc. has the highest Revenue among the 16 Internet Retail companies compared here, at $742,776 million. Coupang, Inc. is next at $35,130 million. MercadoLibre, Inc. has the highest Revenue growth at 42.1%, so level and change sit with different companies. 15 of 16 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Amazon.com, Inc. is the scale leader at $742,776 million, 21.1× the revenue of Coupang, Inc.. MercadoLibre, Inc.'s growth is 42.1% from a $31,803 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderAmazon.com, Inc. · $742,776 million
Gap21.1× versus #2 · Coupang, Inc.
Persistence8/8 recent comparable periods
Coverage15/16 companies · 295 observations

Investor read: Amazon.com, Inc. is the scale benchmark; MercadoLibre, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Amazon.com, Inc.'s growth falls below MercadoLibre, Inc.'s for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Amazon.com, Inc. AMZN$742.8B
2Coupang, Inc. CPNG$35.1B
3MercadoLibre, Inc. MELI$31.8B
4Sea Limited SE$25.2B
5DoorDash, Inc. DASH$14.7B
Revenue growthfastest growers
1MercadoLibre, Inc. MELI42%
2Sea Limited SE41%
3Jumia Technologies AG JMIA33%
4DoorDash, Inc. DASH31%
5Global-E Online Ltd. GLBE29%
Revenue · company comparison
15/16 level · 15/16 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Amazon.com, Inc. AMZN$181.5B17%Mar 2026
MercadoLibre, Inc. MELI$8.8B49%Mar 2026
Coupang, Inc. CPNG$8.5B7.5%Mar 2026
Sea Limited SE$7.1B47%Mar 2026
DoorDash, Inc. DASH$4.0B33%Mar 2026
Chewy, Inc. CHWY$3.4B7.7%Jun 2026
eBay Inc. EBAY$3.1B20%Mar 2026
Wayfair Inc. W$2.9B7.4%Mar 2026
Maplebear Inc. CART$1.0B14%Mar 2026
Newegg Commerce, Inc. NEGG$749M21%Mar 2026
Etsy, Inc. ETSY$631M3.1%Mar 2026
Revolve Group, Inc. RVLV$343M15%Mar 2026
Global-E Online Ltd. GLBE$252M33%Mar 2026
Liquidity Services, Inc. LQDT$121M4.3%Mar 2026
ThredUp Inc. TDUP$82M15%Mar 2026
Jumia Technologies AG JMIA$51M42%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amazon.com, Inc. · AMZN

$110.8B
$137.4B
$116.4B
$121.2B
$127.1B
$149.2B
$127.4B
$134.4B
$143.1B
$170.0B
$143.3B
$148.0B
$158.9B
$187.8B
$155.7B
$167.7B
$180.2B
$213.4B
$181.5B

Chewy, Inc. · CHWY

$2.2B
$2.2B
$2.5B
$2.4B
$2.4B
$2.5B
$2.7B
$2.8B
$2.8B
$2.7B
$2.8B
$2.9B
$2.9B
$2.9B
$3.2B
$3.1B
$3.1B
$3.1B
$3.3B
$3.4B

Coupang, Inc. · CPNG

$4.6B
$5.1B
$5.1B
$5.0B
$5.1B
$5.3B
$5.8B
$5.8B
$6.2B
$6.6B
$7.1B
$7.3B
$7.9B
$8.0B
$7.9B
$8.5B
$9.3B
$8.8B
$8.5B

DoorDash, Inc. · DASH

$1.3B
$1.3B
$1.5B
$1.6B
$1.7B
$1.8B
$2.0B
$2.1B
$2.2B
$2.3B
$2.5B
$2.6B
$2.7B
$2.9B
$3.0B
$3.3B
$3.4B
$4.0B
$4.0B

eBay Inc. · EBAY

$2.5B
$2.6B
$2.5B
$2.4B
$2.4B
$2.5B
$2.5B
$2.5B
$2.5B
$2.6B
$2.6B
$2.6B
$2.6B
$2.6B
$2.6B
$2.7B
$2.8B
$3.0B
$3.1B

Etsy, Inc. · ETSY

$532M
$717M
$579M
$585M
$594M
$807M
$641M
$629M
$636M
$842M
$646M
$648M
$662M
$852M
$612M
$673M
$678M
$882M
$631M

Global-E Online Ltd. · GLBE

$59M
$83M
$76M
$87M
$106M
$140M
$118M
$133M
$134M
$185M
$146M
$168M
$176M
$263M
$190M
$215M
$221M
$337M
$252M

Maplebear Inc. · CART

$473M
$477M
$505M
$621M
$668M
$757M
$759M
$716M
$764M
$803M
$820M
$823M
$852M
$883M
$897M
$914M
$939M
$992M
$1.0B

MercadoLibre, Inc. · MELI

$1.9B
$2.1B
$2.2B
$2.6B
$2.7B
$3.0B
$3.2B
$3.6B
$3.9B
$4.3B
$4.3B
$5.1B
$5.3B
$6.1B
$5.9B
$6.8B
$7.4B
$8.8B
$8.8B

Revolve Group, Inc. · RVLV

$244M
$240M
$283M
$290M
$269M
$259M
$280M
$274M
$258M
$258M
$271M
$282M
$283M
$294M
$297M
$309M
$296M
$324M
$343M

Sea Limited · SE

$2.7B
$3.2B
$2.9B
$2.9B
$3.2B
$3.5B
$3.0B
$3.1B
$3.3B
$3.6B
$3.7B
$3.8B
$4.3B
$5.0B
$4.8B
$5.3B
$6.0B
$6.9B
$7.1B

Wayfair Inc. · W

$3.1B
$3.3B
$3.0B
$3.3B
$2.8B
$3.1B
$2.8B
$3.2B
$2.9B
$3.1B
$2.7B
$3.1B
$2.9B
$3.1B
$2.7B
$3.3B
$3.1B
$3.3B
$2.9B

Revenue growth · reported quarter history

Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amazon.com, Inc. · AMZN

7.2%
15%
8.6%
9.4%
11%
13%
14%
13%
10%
11%
10%
8.6%
13%
13%
14%
17%

Chewy, Inc. · CHWY

13%
14%
11%
15%
15%
8.5%
3.6%
3.1%
2.7%
4.8%
15%
8.3%
8.6%
8.3%
0.6%
7.7%

Coupang, Inc. · CPNG

13%
9.8%
4.9%
13%
16%
21%
23%
23%
25%
27%
21%
11%
16%
18%
11%
7.5%

DoorDash, Inc. · DASH

30%
33%
40%
40%
33%
27%
27%
23%
23%
25%
25%
21%
25%
27%
38%
33%

eBay Inc. · EBAY

-9.2%
-4.8%
-3.9%
1.1%
4.9%
5.0%
2.1%
1.8%
1.3%
3.0%
0.7%
1.1%
6.1%
9.5%
15%
20%

Etsy, Inc. · ETSY

11%
12%
13%
11%
7.5%
7.1%
4.3%
0.8%
3.0%
4.1%
1.2%
-5.3%
3.9%
2.4%
3.5%
3.1%

Global-E Online Ltd. · GLBE

53%
80%
69%
55%
53%
26%
32%
24%
26%
31%
42%
30%
28%
26%
28%
33%

Maplebear Inc. · CART

40%
41%
59%
50%
15%
14%
6.1%
8.0%
15%
12%
10.0%
9.4%
11%
10%
12%
14%

MercadoLibre, Inc. · MELI

53%
45%
41%
42%
38%
46%
42%
36%
42%
35%
42%
37%
34%
39%
45%
49%

Revolve Group, Inc. · RVLV

27%
10%
7.9%
-1.1%
-5.5%
-4.1%
-0.4%
-3.2%
2.9%
9.7%
14%
9.6%
9.6%
4.6%
10%
15%

Sea Limited · SE

29%
17%
7.1%
4.9%
5.2%
4.9%
4.8%
23%
23%
31%
37%
30%
38%
38%
38%
47%

Wayfair Inc. · W

-15%
-9.0%
-4.6%
-7.3%
-3.4%
3.7%
0.4%
-1.6%
-1.7%
-2.0%
0.2%
0.0%
5.0%
8.1%
6.9%
7.4%
02 · compare level, then change

Operating Economics & Margin Trend

eBay Inc. has the highest OPM among the 16 Internet Retail companies compared here, at 19.8%. Etsy, Inc. is next at 19%. Jumia Technologies AG has the highest Margin change at +24 percentage points, so level and change sit with different companies. 15 of 16 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: eBay Inc. leads opm at 19.8%; Jumia Technologies AG leads margin change at +24 percentage points.

LeadereBay Inc. · 19.8%
Gap4.2% versus #2 · Etsy, Inc.
Persistence3/8 recent comparable periods
Coverage15/16 companies · 286 observations

Investor read: eBay Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1eBay Inc. EBAY20%
2Etsy, Inc. ETSY19%
3Maplebear Inc. CART18%
4Amazon.com, Inc. AMZN13%
5Global-E Online Ltd. GLBE13%
Margin changefastest expanders
1Jumia Technologies AG JMIA+24.0 pp
2Global-E Online Ltd. GLBE+23.2 pp
3Etsy, Inc. ETSY+19.6 pp
4Maplebear Inc. CART+5.6 pp
5Wayfair Inc. W+4.1 pp
Operating margin · company comparison
15/16 level · 15/16 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
eBay Inc. EBAY20%−3.8 ppMar 2026
Etsy, Inc. ETSY19%+19.6 ppMar 2026
Maplebear Inc. CART18%+5.6 ppMar 2026
Amazon.com, Inc. AMZN13%+1.3 ppMar 2026
Global-E Online Ltd. GLBE13%+23.2 ppMar 2026
Sea Limited SE8.4%−1.0 ppMar 2026
Liquidity Services, Inc. LQDT8.0%+2.2 ppMar 2026
MercadoLibre, Inc. MELI6.9%−6.0 ppMar 2026
Revolve Group, Inc. RVLV4.6%−0.4 ppMar 2026
Chewy, Inc. CHWY3.8%+1.3 ppJun 2026
DoorDash, Inc. DASH3.7%−1.4 ppMar 2026
Wayfair Inc. W-0.4%+4.1 ppMar 2026
Coupang, Inc. CPNG-2.8%−4.7 ppMar 2026
ThredUp Inc. TDUP-8.1%−0.5 ppMar 2026
Jumia Technologies AG JMIA-27%+24.0 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amazon.com, Inc. · AMZN

4.4%
2.5%
3.2%
2.7%
2.0%
1.8%
3.7%
5.7%
7.8%
7.8%
11%
9.9%
11%
11%
12%
11%
9.7%
12%
13%

Chewy, Inc. · CHWY

-0.8%
-1.4%
-2.6%
0.8%
0.9%
0.0%
0.6%
0.9%
-0.6%
-0.4%
-0.8%
2.2%
1.1%
0.9%
-0.3%
2.5%
2.2%
2.1%
1.3%
3.8%

Coupang, Inc. · CPNG

-6.8%
-7.8%
-4.0%
-1.3%
1.5%
1.6%
1.8%
2.5%
1.4%
2.0%
0.6%
-0.3%
1.4%
3.9%
1.9%
1.7%
1.7%
0.1%
-2.8%

DoorDash, Inc. · DASH

-7.8%
-12%
-12%
-17%
-18%
-20%
-8.4%
-9.9%
-5.0%
-3.9%
-2.4%
-7.6%
4.0%
4.1%
5.1%
5.0%
7.5%
3.7%
3.7%

eBay Inc. · EBAY

27%
26%
28%
22%
24%
23%
22%
20%
18%
16%
25%
21%
23%
21%
24%
18%
20%
20%
20%

Etsy, Inc. · ETSY

16%
20%
15%
12%
-161%
17%
12%
-0.4%
14%
14%
11%
11%
13%
18%
-0.6%
11%
12%
15%
19%

Global-E Online Ltd. · GLBE

-48%
-27%
-68%
-57%
-50%
-25%
-36%
-27%
-27%
-12%
-20%
-14%
-12%
2.0%
-10%
4.9%
7.7%
19%
13%

Maplebear Inc. · CART

3.2%
-23%
-16%
1.3%
4.9%
14%
20%
17%
-322%
5.7%
18%
6.3%
16%
18%
12%
14%
18%
9.8%
18%

MercadoLibre, Inc. · MELI

8.6%
1.1%
6.2%
9.6%
11%
12%
13%
19%
20%
5.6%
12%
14%
11%
14%
13%
12%
9.8%
10%
6.9%

Revolve Group, Inc. · RVLV

7.9%
13%
10%
6.6%
5.5%
4.1%
4.4%
2.7%
0.1%
0.9%
3.4%
5.8%
5.0%
3.9%
5.0%
5.8%
7.1%
6.3%
4.6%

Sea Limited · SE

-17%
-14%
-17%
-28%
-16%
9.9%
4.1%
9.2%
-3.9%
-1.6%
1.9%
2.2%
4.7%
6.2%
9.4%
9.3%
8.0%
8.2%
8.4%

Wayfair Inc. · W

-2.2%
-6.0%
-10%
-11%
-13%
-11%
-13%
-4.5%
-5.2%
-5.5%
-8.6%
-1.1%
-2.6%
-3.7%
-4.5%
0.5%
1.2%
2.5%
-0.4%

Margin change · reported quarter history

Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amazon.com, Inc. · AMZN

−4.1 pp
−2.4 pp
−0.7 pp
+0.5 pp
+3.0 pp
+5.8 pp
+6.0 pp
+7.0 pp
+4.2 pp
+3.2 pp
+3.5 pp
+1.1 pp
+1.5 pp
−1.3 pp
+0.4 pp
+1.3 pp

Chewy, Inc. · CHWY

+1.7 pp
+1.4 pp
+3.2 pp
+0.1 pp
−1.5 pp
−0.4 pp
−1.4 pp
+1.3 pp
+1.7 pp
+1.3 pp
+0.5 pp
+0.3 pp
+1.1 pp
+1.2 pp
+1.6 pp
+1.3 pp

Coupang, Inc. · CPNG

+10.2 pp
+8.3 pp
+9.4 pp
+5.8 pp
+3.8 pp
−0.1 pp
+0.4 pp
−1.2 pp
−2.8 pp
0.0 pp
+1.9 pp
+1.3 pp
+2.0 pp
+0.3 pp
−3.8 pp
−4.7 pp

DoorDash, Inc. · DASH

−9.0 pp
−10.3 pp
−8.6 pp
+3.5 pp
+7.1 pp
+13.1 pp
+16.5 pp
+6.0 pp
+2.3 pp
+9.0 pp
+8.0 pp
+7.5 pp
+12.6 pp
+3.5 pp
−0.4 pp
−1.4 pp

eBay Inc. · EBAY

−5.7 pp
−2.6 pp
−3.8 pp
−5.7 pp
−1.3 pp
−5.7 pp
−6.5 pp
+2.5 pp
+0.9 pp
+4.9 pp
+5.1 pp
−1.1 pp
−3.6 pp
−2.7 pp
−0.8 pp
−3.8 pp

Etsy, Inc. · ETSY

−4.4 pp
−176.3 pp
−2.5 pp
−2.4 pp
−12.8 pp
+174.5 pp
−3.6 pp
−1.7 pp
+11.2 pp
−0.8 pp
+4.5 pp
−11.1 pp
+0.6 pp
−0.9 pp
−3.5 pp
+19.6 pp

Global-E Online Ltd. · GLBE

−22.5 pp
−2.9 pp
+1.7 pp
+32.0 pp
+29.2 pp
+23.8 pp
+12.7 pp
+15.6 pp
+13.7 pp
+14.6 pp
+14.4 pp
+10.0 pp
+18.5 pp
+19.7 pp
+16.8 pp
+23.2 pp

Maplebear Inc. · CART

−5.2 pp
+1.7 pp
+36.8 pp
+35.8 pp
+15.3 pp
−326.5 pp
−7.8 pp
−2.2 pp
−10.3 pp
+337.8 pp
+11.9 pp
−5.3 pp
+7.3 pp
+1.5 pp
−7.8 pp
+5.6 pp

MercadoLibre, Inc. · MELI

−0.1 pp
+2.4 pp
+10.5 pp
+6.9 pp
+9.1 pp
+9.0 pp
−6.0 pp
−0.9 pp
−4.4 pp
−9.5 pp
+7.9 pp
+0.7 pp
−2.1 pp
−0.7 pp
−3.4 pp
−6.0 pp

Revolve Group, Inc. · RVLV

−7.8 pp
−2.4 pp
−9.2 pp
−5.6 pp
−3.9 pp
−5.4 pp
−3.2 pp
−1.0 pp
+3.1 pp
+4.9 pp
+3.0 pp
+1.6 pp
0.0 pp
+2.1 pp
+2.4 pp
−0.4 pp

Sea Limited · SE

−13.8 pp
+1.4 pp
+23.6 pp
+21.3 pp
+37.6 pp
+11.8 pp
−11.5 pp
−2.2 pp
−7.0 pp
+8.6 pp
+7.8 pp
+7.5 pp
+7.1 pp
+3.3 pp
+2.0 pp
−1.0 pp

Wayfair Inc. · W

−15.1 pp
−10.9 pp
−4.6 pp
−2.1 pp
+6.8 pp
+7.9 pp
+5.1 pp
+3.9 pp
+3.4 pp
+2.6 pp
+1.8 pp
+4.1 pp
+1.6 pp
+3.8 pp
+6.2 pp
+4.1 pp
03 · compare level, then change

Profit Scale & Acceleration

Amazon.com, Inc. has the highest Net profit among the 16 Internet Retail companies compared here, at $91,372 million. eBay Inc. is next at $2,003 million. DoorDash, Inc. has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies. Its Net profit series carries 19 reported observations across the 20-quarter window.

What the numbers say: Amazon.com, Inc. leads with $91,372 million of TTM profit, 45.6× the profit of eBay Inc.. DoorDash, Inc. shows ≥100% on the scoring scale (176.3% uncapped) growth from a $923 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderAmazon.com, Inc. · $91,372 million
Gap45.6× versus #2 · eBay Inc.
Persistence8/8 recent comparable periods
Coverage15/16 companies · 295 observations

Investor read: Amazon.com, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Amazon.com, Inc. AMZN$91.4B
2eBay Inc. EBAY$2.0B
3MercadoLibre, Inc. MELI$1.9B
4Sea Limited SE$1.6B
5DoorDash, Inc. DASH$923M
Profit growthfastest growers
1DoorDash, Inc. DASH100%
2Sea Limited SE86%
3Amazon.com, Inc. AMZN39%
4Revolve Group, Inc. RVLV31%
5Liquidity Services, Inc. LQDT20%
Net profit · company comparison
15/16 level · 10/16 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
Amazon.com, Inc. AMZN$30.3B77%Mar 2026
eBay Inc. EBAY$512M2.2%Mar 2026
Sea Limited SE$438M6.6%Mar 2026
MercadoLibre, Inc. MELI$417M-16%Mar 2026
DoorDash, Inc. DASH$183M-4.7%Mar 2026
Maplebear Inc. CART$144M36%Mar 2026
Etsy, Inc. ETSY$105M-15%Mar 2026
Chewy, Inc. CHWY$95M53%Jun 2026
Global-E Online Ltd. GLBE$30M3,000%Mar 2026
Revolve Group, Inc. RVLV$14M27%Mar 2026
Liquidity Services, Inc. LQDT$8M14%Mar 2026
Newegg Commerce, Inc. NEGG$-1M-360%Mar 2026
ThredUp Inc. TDUP$-6MMar 2026
Jumia Technologies AG JMIA$-18MMar 2026
Wayfair Inc. W$-105M-389%Mar 2026
Coupang, Inc. CPNG$-266M-333%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amazon.com, Inc. · AMZN

$3.2B
$14.3B
$-3.8B
$-2.0B
$2.9B
$265M
$3.2B
$6.8B
$9.9B
$10.6B
$10.5B
$13.5B
$15.3B
$20.0B
$17.1B
$18.2B
$21.3B
$21.7B
$30.3B

Chewy, Inc. · CHWY

$-17M
$-32M
$-65M
$18M
$22M
$2M
$7M
$23M
$20M
$-35M
$32M
$67M
$299M
$4M
$23M
$62M
$62M
$59M
$39M
$95M

Coupang, Inc. · CPNG

$-324M
$-405M
$-209M
$-75M
$91M
$102M
$91M
$145M
$91M
$1.0B
$-24M
$-105M
$64M
$131M
$114M
$31M
$95M
$-26M
$-266M

DoorDash, Inc. · DASH

$-101M
$-155M
$-167M
$-263M
$-296M
$-642M
$-162M
$-172M
$-75M
$-156M
$-25M
$-158M
$161M
$139M
$192M
$284M
$243M
$213M
$183M

eBay Inc. · EBAY

$283M
$-893M
$-1.3B
$-536M
$-70M
$671M
$569M
$172M
$1.3B
$728M
$439M
$226M
$636M
$680M
$501M
$369M
$597M
$525M
$512M

Etsy, Inc. · ETSY

$90M
$162M
$86M
$73M
$-963M
$110M
$75M
$62M
$88M
$83M
$63M
$53M
$57M
$130M
$-35M
$29M
$76M
$111M
$105M

Global-E Online Ltd. · GLBE

$-28M
$-22M
$-54M
$-49M
$-65M
$-28M
$-43M
$-36M
$-33M
$-22M
$-32M
$-22M
$-23M
$2M
$-18M
$10M
$13M
$62M
$30M

Maplebear Inc. · CART

$15M
$-99M
$-82M
$8M
$36M
$466M
$128M
$114M
$-2.0B
$135M
$130M
$61M
$118M
$148M
$106M
$116M
$144M
$81M
$144M

MercadoLibre, Inc. · MELI

$95M
$-46M
$65M
$123M
$129M
$165M
$201M
$262M
$359M
$165M
$344M
$531M
$397M
$639M
$494M
$523M
$421M
$559M
$417M

Revolve Group, Inc. · RVLV

$17M
$29M
$23M
$16M
$12M
$8M
$14M
$7M
$3M
$3M
$11M
$15M
$11M
$12M
$11M
$10M
$21M
$19M
$14M

Sea Limited · SE

$-571M
$-616M
$-580M
$-931M
$-569M
$423M
$87M
$331M
$-144M
$-112M
$-23M
$80M
$153M
$238M
$411M
$414M
$375M
$411M
$438M

Wayfair Inc. · W

$-78M
$-202M
$-319M
$-378M
$-283M
$-351M
$-355M
$-46M
$-163M
$-174M
$-248M
$-42M
$-74M
$-128M
$-113M
$15M
$-99M
$-116M
$-105M

Profit growth · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amazon.com, Inc. · AMZN

-126%
-9.0%
-98%
244%
3,909%
232%
99%
55%
88%
63%
35%
39%
8.2%
77%

Chewy, Inc. · CHWY

28%
-9.1%
-1,850%
357%
191%
1,395%
-28%
-7.5%
-79%
1,375%
70%
53%

Coupang, Inc. · CPNG

0.0%
913%
-126%
-172%
-30%
-87%
48%
-120%
-333%

DoorDash, Inc. · DASH

51%
53%
-4.7%

eBay Inc. · EBAY

-282%
-125%
8.5%
-23%
31%
-51%
-6.6%
14%
63%
-6.1%
-23%
2.2%

Etsy, Inc. · ETSY

-26%
-1,170%
-32%
-13%
-15%
-25%
-16%
-15%
-35%
57%
-156%
-45%
33%
-15%

Global-E Online Ltd. · GLBE

3,000%

Maplebear Inc. · CART

-71%
140%
1,325%
-5,653%
-71%
1.6%
-46%
9.6%
-18%
90%
22%
-45%
36%

MercadoLibre, Inc. · MELI

81%
36%
209%
113%
178%
0.0%
71%
103%
11%
287%
44%
-1.5%
6.1%
-13%
-16%

Revolve Group, Inc. · RVLV

-50%
-29%
-72%
-39%
-56%
-75%
-63%
-21%
114%
267%
300%
0.0%
-33%
91%
58%
27%

Sea Limited · SE

-126%
-126%
-76%
418%
145%
73%
6.6%

Wayfair Inc. · W

-389%
04 · compare level, then change

Capacity Spending & Returns On It

Amazon.com, Inc. has the highest CAPEX among the 16 Internet Retail companies compared here, at $44,203 million. Coupang, Inc. is next at $296 million. The same company also holds the highest CAPEX intensity, at 24.4%. 16 of 16 companies report a comparable reading, the latest through Mar 2026. Its CAPEX series carries 19 reported observations across the 20-quarter window.

What the numbers say: Amazon.com, Inc. reports $44,203 million of CAPEX; Amazon.com, Inc. has the highest covered intensity at 24.4%. Coverage is only 16 of 16 companies and 272 reported observations, so this is partial evidence—not a complete sector rank.

LeaderAmazon.com, Inc. · $44,203 million
Gap149× versus #2 · Coupang, Inc.
Persistence8/8 recent comparable periods
Coverage16/16 companies · 272 observations

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Amazon.com, Inc. AMZN$44.2B
2Coupang, Inc. CPNG$296M
3MercadoLibre, Inc. MELI$271M
4Sea Limited SE$121M
5eBay Inc. EBAY$72M
CAPEX intensityhighest reinvestment intensity
1Amazon.com, Inc. AMZN24%
2Sea Limited SE5.3%
3ThredUp Inc. TDUP4.9%
4Coupang, Inc. CPNG3.5%
5MercadoLibre, Inc. MELI3.1%
Capital expenditure · company comparison
16/16 level · 16/16 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyCAPEXCAPEX intensityReported
Amazon.com, Inc. AMZN$44.2B24%Mar 2026
Coupang, Inc. CPNG$296M3.5%Mar 2026
MercadoLibre, Inc. MELI$271M3.1%Mar 2026
eBay Inc. EBAY$72M2.3%Mar 2026
DoorDash, Inc. DASH$57M1.4%Mar 2026
Chewy, Inc. CHWY$38M1.1%Jun 2026
Wayfair Inc. W$25M0.9%Mar 2026
Maplebear Inc. CART$16M1.6%Mar 2026
Revolve Group, Inc. RVLV$5M1.5%Mar 2026
ThredUp Inc. TDUP$4M4.9%Mar 2026
Liquidity Services, Inc. LQDT$2M1.7%Mar 2026
Etsy, Inc. ETSY$1M0.2%Mar 2026
Jumia Technologies AG JMIA$1M2.0%Mar 2026
Newegg Commerce, Inc. NEGG$1M0.1%Mar 2026
Global-E Online Ltd. GLBE$0M0.0%Mar 2026
Full 20-quarter history · every available company

CAPEX · reported quarter history

Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amazon.com, Inc. · AMZN

$15.7B
$18.9B
$15.0B
$15.7B
$16.4B
$16.6B
$14.2B
$11.5B
$12.5B
$14.6B
$14.9B
$17.6B
$22.6B
$27.8B
$25.0B
$32.2B
$35.1B
$39.5B
$44.2B

Chewy, Inc. · CHWY

$25M
$72M
$47M
$76M
$48M
$48M
$58M
$22M
$58M
$32M
$32M
$29M
$32M
$32M
$51M
$38M
$28M
$32M
$31M
$38M

Coupang, Inc. · CPNG

$190M
$168M
$239M
$181M
$283M
$121M
$95M
$377M
$190M
$234M
$107M
$178M
$380M
$214M
$239M
$299M
$353M
$360M
$296M

DoorDash, Inc. · DASH

$31M
$35M
$32M
$45M
$54M
$45M
$39M
$27M
$28M
$29M
$17M
$23M
$32M
$32M
$74M
$66M
$63M
$54M
$57M

eBay Inc. · EBAY

$159M
$103M
$83M
$111M
$102M
$153M
$132M
$113M
$85M
$126M
$143M
$89M
$109M
$117M
$111M
$166M
$131M
$117M
$72M

Etsy, Inc. · ETSY

$4M
$6M
$3M
$2M
$3M
$2M
$2M
$2M
$4M
$5M
$2M
$4M
$4M
$4M
$3M
$7M
$4M
$1M
$1M

Global-E Online Ltd. · GLBE

$0M
$2M
$5M
$2M
$1M
$0M
$0M
$0M
$0M
$1M
$1M
$1M
$0M
$0M
$1M
$1M
$1M
$0M
$0M

Liquidity Services, Inc. · LQDT

$2M
$2M
$2M
$3M
$2M
$1M
$1M
$1M
$1M
$2M
$2M
$2M
$3M
$2M
$2M
$2M
$2M
$2M
$2M

Maplebear Inc. · CART

$3M
$3M
$6M
$7M
$8M
$3M
$9M
$13M
$16M
$14M
$24M
$14M
$18M
$16M
$15M
$16M

MercadoLibre, Inc. · MELI

$148M
$137M
$99M
$106M
$112M
$89M
$114M
$126M
$180M
$148M
$184M
$223M
$305M
$272M
$287M
$357M
$427M
$271M

Revolve Group, Inc. · RVLV

$1M
$0M
$1M
$1M
$1M
$1M
$1M
$1M
$1M
$1M
$2M
$2M
$3M
$2M
$2M
$3M
$7M
$3M
$5M

Wayfair Inc. · W

$29M
$23M
$40M
$53M
$43M
$50M
$34M
$37M
$30M
$47M
$13M
$23M
$17M
$20M
$5M
$13M
$27M
$25M
$25M

CAPEX intensity · reported quarter history

Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amazon.com, Inc. · AMZN

14%
14%
13%
13%
13%
11%
11%
8.5%
8.7%
8.6%
10%
12%
14%
15%
16%
19%
20%
19%
24%

Chewy, Inc. · CHWY

1.2%
3.3%
1.9%
3.1%
2.0%
1.9%
2.1%
0.8%
2.1%
1.2%
1.1%
1.0%
1.1%
1.1%
1.6%
1.2%
0.9%
1.0%
0.9%
1.1%

Coupang, Inc. · CPNG

4.1%
3.3%
4.7%
3.6%
5.5%
2.3%
1.6%
6.5%
3.1%
3.6%
1.5%
2.4%
4.8%
2.7%
3.0%
3.5%
3.8%
4.1%
3.5%

DoorDash, Inc. · DASH

2.4%
2.7%
2.2%
2.8%
3.2%
2.5%
1.9%
1.3%
1.3%
1.3%
0.7%
0.9%
1.2%
1.1%
2.4%
2.0%
1.8%
1.4%
1.4%

eBay Inc. · EBAY

6.4%
3.9%
3.3%
4.6%
4.3%
6.1%
5.3%
4.4%
3.4%
4.9%
5.6%
3.5%
4.2%
4.5%
4.3%
6.1%
4.6%
3.9%
2.3%

Etsy, Inc. · ETSY

0.8%
0.8%
0.5%
0.3%
0.5%
0.2%
0.3%
0.3%
0.6%
0.6%
0.3%
0.6%
0.6%
0.5%
0.5%
1.0%
0.6%
0.1%
0.2%

Global-E Online Ltd. · GLBE

0.0%
2.4%
6.6%
2.3%
0.9%
0.0%
0.0%
0.0%
0.0%
0.5%
0.7%
0.6%
0.0%
0.0%
0.5%
0.5%
0.5%
0.0%
0.0%

Liquidity Services, Inc. · LQDT

2.9%
3.0%
2.9%
4.3%
2.7%
1.4%
1.2%
1.2%
1.3%
2.8%
2.2%
2.1%
2.8%
1.6%
1.7%
1.7%
1.7%
1.7%
1.7%

Maplebear Inc. · CART

0.6%
0.6%
1.2%
1.1%
1.2%
0.4%
1.2%
1.8%
2.1%
1.7%
2.9%
1.6%
2.0%
1.8%
1.6%
1.6%

MercadoLibre, Inc. · MELI

6.9%
6.1%
3.8%
3.9%
3.7%
2.8%
3.2%
3.2%
4.2%
3.4%
3.6%
4.2%
5.0%
4.6%
4.2%
4.8%
4.9%
3.1%

Revolve Group, Inc. · RVLV

0.4%
0.0%
0.4%
0.3%
0.4%
0.4%
0.4%
0.4%
0.4%
0.4%
0.7%
0.7%
1.1%
0.7%
0.7%
1.0%
2.4%
0.9%
1.5%

Wayfair Inc. · W

0.9%
0.7%
1.3%
1.6%
1.5%
1.6%
1.2%
1.2%
1.0%
1.5%
0.5%
0.7%
0.6%
0.6%
0.2%
0.4%
0.9%
0.7%
0.9%
Annual capital allocation · 5-year view
16/16 capacity base · 16/16 OCF · 16/16 CAPEX · 16/16 FCF

Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.

Full annual capacity base, operating cash flow, CAPEX and free cash flow history

Capacity base · net fixed assets + CWIP · fiscal-year history

Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amazon.com, Inc. · AMZN

$216.4B
$252.8B
$276.7B
$328.8B
$443.1B

Chewy, Inc. · CHWY

$740M
$902M
$996M
$1.0B
$1.0B

Coupang, Inc. · CPNG

$2.7B
$3.2B
$4.1B
$4.8B
$6.5B

DoorDash, Inc. · DASH

$738M
$1.1B
$1.1B
$1.2B
$1.5B

eBay Inc. · EBAY

$1.5B
$1.8B
$1.7B
$1.7B
$1.8B

Etsy, Inc. · ETSY

$275M
$250M
$250M
$237M
$229M

Maplebear Inc. · CART

$73M
$79M
$166M
$221M
$248M

MercadoLibre, Inc. · MELI

$1.3B
$1.6B
$2.1B
$2.5B
$4.5B

Sea Limited · SE

$1.7B
$2.3B
$2.2B
$2.2B
$2.7B

Wayfair Inc. · W

$1.5B
$1.6B
$1.6B
$1.5B
$1.4B

Operating cash flow · fiscal-year history

Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amazon.com, Inc. · AMZN

$46.3B
$46.8B
$84.9B
$115.9B
$139.5B

Chewy, Inc. · CHWY

$192M
$350M
$486M
$596M
$692M

Coupang, Inc. · CPNG

$-411M
$565M
$2.7B
$1.9B
$1.8B

DoorDash, Inc. · DASH

$692M
$367M
$1.7B
$2.1B
$2.4B

eBay Inc. · EBAY

$2.7B
$2.3B
$2.4B
$2.4B
$2.0B

Etsy, Inc. · ETSY

$652M
$684M
$706M
$752M
$693M

Maplebear Inc. · CART

$-204M
$277M
$610M
$687M
$948M

MercadoLibre, Inc. · MELI

$965M
$2.9B
$5.1B
$7.9B
$12.1B

Sea Limited · SE

$209M
$-1.1B
$2.1B
$3.3B
$5.0B

Wayfair Inc. · W

$410M
$-674M
$349M
$317M
$534M

CAPEX · reported cash flow · fiscal-year history

Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amazon.com, Inc. · AMZN

$61.1B
$63.6B
$52.7B
$83.0B
$131.8B

Chewy, Inc. · CHWY

$183M
$230M
$143M
$144M
$129M

Coupang, Inc. · CPNG

$674M
$824M
$896M
$879M
$1.3B

DoorDash, Inc. · DASH

$129M
$176M
$123M
$104M
$257M

eBay Inc. · EBAY

$444M
$449M
$456M
$458M
$525M

Etsy, Inc. · ETSY

$11M
$10M
$13M
$14M
$15M

Maplebear Inc. · CART

$13M
$24M

MercadoLibre, Inc. · MELI

$573M
$454M
$509M
$860M
$1.3B

Sea Limited · SE

$772M
$924M
$242M
$318M
$514M

Wayfair Inc. · W

$101M
$186M
$148M
$73M
$70M

Free cash flow · fiscal-year history

Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amazon.com, Inc. · AMZN

$-14.7B
$-16.9B
$32.2B
$32.9B
$7.7B

Chewy, Inc. · CHWY

$9M
$119M
$343M
$453M
$562M

Coupang, Inc. · CPNG

$-1.1B
$-259M
$1.8B
$1.0B
$522M

DoorDash, Inc. · DASH

$563M
$191M
$1.6B
$2.0B
$2.2B

eBay Inc. · EBAY

$2.2B
$1.8B
$2.0B
$2.0B
$1.4B

Etsy, Inc. · ETSY

$640M
$673M
$693M
$738M
$678M

Maplebear Inc. · CART

$-217M
$253M
$610M
$687M
$948M

MercadoLibre, Inc. · MELI

$392M
$2.5B
$4.6B
$7.1B
$10.8B

Sea Limited · SE

$-564M
$-2.0B
$1.8B
$3.0B
$4.5B

Wayfair Inc. · W

$309M
$-860M
$201M
$244M
$464M
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Jumia Technologies AG has the lowest Gross debt among the 16 Internet Retail companies compared here, at $10 million. Liquidity Services, Inc. is next at $15 million. Sea Limited has the lowest Net debt at $6,957 million net cash, so level and change sit with different companies. 15 of 16 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Sea Limited has the clearest covered balance-sheet capacity with $6,957 million net cash and gross debt of $3,584 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderJumia Technologies AG · $10 million
Gap33.3% versus #2 · Liquidity Services, Inc.
Persistence8/8 recent comparable periods
Coverage15/16 companies · 286 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Jumia Technologies AG JMIA$10M
2Liquidity Services, Inc. LQDT$15M
3Global-E Online Ltd. GLBE$24M
4Revolve Group, Inc. RVLV$33M
5Maplebear Inc. CART$34M
Net debtlowest net debt
1Sea Limited SE$-7.0B
2DoorDash, Inc. DASH$-2.2B
3Coupang, Inc. CPNG$-905M
4Maplebear Inc. CART$-656M
5Global-E Online Ltd. GLBE$-529M
Debt and balance-sheet capacity · company comparison
15/16 level · 15/16 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
Amazon.com, Inc. AMZN$209.9B$66.8BMar 2026
MercadoLibre, Inc. MELI$12.3B$6.7BMar 2026
eBay Inc. EBAY$7.1B$3.2BMar 2026
Coupang, Inc. CPNG$5.4B$-905MMar 2026
Wayfair Inc. W$3.6B$2.6BMar 2026
Sea Limited SE$3.6B$-7.0BMar 2026
DoorDash, Inc. DASH$3.3B$-2.2BMar 2026
Etsy, Inc. ETSY$3.1B$1.7BMar 2026
Chewy, Inc. CHWY$484M$-36MJun 2026
ThredUp Inc. TDUP$52M$3MMar 2026
Maplebear Inc. CART$34M$-656MMar 2026
Revolve Group, Inc. RVLV$33M$-303MMar 2026
Global-E Online Ltd. GLBE$24M$-529MMar 2026
Liquidity Services, Inc. LQDT$15M$-189MMar 2026
Jumia Technologies AG JMIA$10M$-53MMar 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amazon.com, Inc. · AMZN

$113.9B
$116.4B
$113.3B
$124.6B
$128.3B
$140.1B
$141.4B
$138.9B
$137.0B
$135.6B
$134.7B
$133.0B
$134.7B
$130.9B
$133.2B
$133.9B
$135.4B
$153.0B
$209.9B

Chewy, Inc. · CHWY

$372M
$379M
$410M
$414M
$457M
$486M
$472M
$501M
$489M
$527M
$528M
$519M
$517M
$511M
$502M
$500M
$494M
$523M
$519M
$484M

Coupang, Inc. · CPNG

$2.1B
$2.1B
$2.4B
$2.2B
$2.1B
$2.4B
$2.4B
$2.7B
$2.8B
$2.8B
$3.6B
$3.7B
$4.0B
$3.7B
$4.1B
$4.6B
$4.9B
$4.6B
$5.4B

DoorDash, Inc. · DASH

$366M
$399M
$422M
$496M
$505M
$511M
$492M
$498M
$493M
$522M
$547M
$534M
$532M
$536M
$527M
$3.3B
$3.3B
$3.3B
$3.3B

eBay Inc. · EBAY

$9.3B
$9.3B
$8.8B
$8.2B
$8.2B
$9.3B
$8.1B
$8.1B
$8.1B
$8.1B
$8.1B
$8.1B
$7.7B
$7.7B
$7.0B
$7.0B
$7.0B
$7.1B
$7.1B

Etsy, Inc. · ETSY

$2.3B
$2.4B
$2.4B
$2.4B
$2.4B
$2.4B
$2.4B
$2.4B
$2.4B
$2.4B
$2.4B
$2.4B
$2.4B
$2.4B
$2.4B
$3.1B
$3.1B
$3.1B
$3.1B

Global-E Online Ltd. · GLBE

$4M
$21M
$22M
$20M
$20M
$20M
$19M
$23M
$21M
$23M
$22M
$22M
$26M
$25M
$24M
$25M
$24M
$24M
$24M

Maplebear Inc. · CART

$54M
$54M
$54M
$54M
$49M
$49M
$46M
$43M
$43M
$40M
$36M
$32M
$28M
$26M
$22M
$37M
$37M
$36M
$34M

MercadoLibre, Inc. · MELI

$3.1B
$4.0B
$4.6B
$5.0B
$5.3B
$5.4B
$5.5B
$5.5B
$5.2B
$5.3B
$5.3B
$5.4B
$6.3B
$6.9B
$7.7B
$9.0B
$9.9B
$11.4B
$12.3B

Revolve Group, Inc. · RVLV

$0M
$7M
$17M
$16M
$26M
$25M
$44M
$43M
$42M
$41M
$41M
$45M
$43M
$41M
$45M
$38M
$35M
$32M
$33M

Sea Limited · SE

$4.1B
$4.3B
$5.1B
$5.2B
$5.4B
$4.5B
$4.5B
$4.6B
$4.6B
$4.4B
$4.2B
$4.2B
$4.4B
$4.1B
$4.1B
$4.2B
$4.2B
$3.3B
$3.6B

Wayfair Inc. · W

$3.9B
$3.9B
$3.9B
$4.0B
$4.0B
$4.0B
$4.0B
$4.1B
$4.0B
$4.0B
$4.0B
$4.0B
$3.9B
$3.8B
$3.9B
$3.8B
$3.6B
$4.1B
$3.6B

Net debt · reported quarter history

Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amazon.com, Inc. · AMZN

$34.9B
$20.3B
$46.9B
$63.9B
$69.6B
$70.1B
$76.9B
$74.9B
$72.8B
$48.8B
$49.6B
$43.9B
$46.6B
$29.7B
$38.7B
$40.8B
$41.2B
$30.0B
$66.8B

Chewy, Inc. · CHWY

$-353M
$-348M
$-193M
$-191M
$-150M
$-189M
$-207M
$-302M
$-416M
$-430M
$-606M
$-619M
$-178M
$3M
$-95M
$-116M
$-98M
$-179M
$-360M
$-36M

Coupang, Inc. · CPNG

$-1.8B
$-1.4B
$-961M
$-888M
$-759M
$-1.1B
$-1.4B
$-1.7B
$-2.1B
$-2.5B
$-1.6B
$-1.8B
$-1.8B
$-2.2B
$-2.0B
$-2.2B
$-2.3B
$-1.7B
$-905M

DoorDash, Inc. · DASH

$-3.8B
$-3.4B
$-3.2B
$-3.5B
$-3.3B
$-3.0B
$-2.9B
$-3.0B
$-3.3B
$-3.6B
$-3.9B
$-4.3B
$-4.4B
$-4.8B
$-5.3B
$-1.7B
$-986M
$-2.2B
$-2.2B

eBay Inc. · EBAY

$4.0B
$2.0B
$3.2B
$5.0B
$4.7B
$4.5B
$4.1B
$3.6B
$3.4B
$3.6B
$4.2B
$2.9B
$2.9B
$1.9B
$2.3B
$3.3B
$3.6B
$4.1B
$3.2B

Etsy, Inc. · ETSY

$1.5B
$1.4B
$1.4B
$1.4B
$1.3B
$1.2B
$1.4B
$1.3B
$1.4B
$1.2B
$1.3B
$1.4B
$1.3B
$1.3B
$1.5B
$1.7B
$1.6B
$1.5B
$1.7B

Global-E Online Ltd. · GLBE

$-488M
$-488M
$-253M
$-265M
$-171M
$-208M
$-193M
$-201M
$-232M
$-294M
$-276M
$-319M
$-332M
$-449M
$-421M
$-490M
$-528M
$-599M
$-529M

Maplebear Inc. · CART

$-1.4B
$-1.4B
$-1.7B
$-1.7B
$-1.7B
$-1.7B
$-1.7B
$-1.9B
$-2.0B
$-2.1B
$-1.5B
$-1.4B
$-1.3B
$-1.3B
$-1.6B
$-1.6B
$-1.7B
$-651M
$-656M

MercadoLibre, Inc. · MELI

$1.1B
$587M
$1.7B
$2.0B
$1.9B
$1.2B
$898M
$829M
$-251M
$-703M
$-964M
$-1.5B
$-349M
$-270M
$-333M
$1.3B
$3.6B
$5.1B
$6.7B

Revolve Group, Inc. · RVLV

$-222M
$-211M
$-254M
$-222M
$-218M
$-210M
$-239M
$-226M
$-225M
$-204M
$-232M
$-200M
$-210M
$-216M
$-256M
$-273M
$-280M
$-271M
$-303M

Sea Limited · SE

$-7.7B
$-5.9B
$-3.7B
$-2.6B
$-1.9B
$-2.4B
$-2.1B
$-1.1B
$-1.4B
$-911M
$-1.2B
$-1.8B
$-3.5B
$-4.5B
$-4.3B
$-5.2B
$-5.7B
$-7.2B
$-7.0B

Wayfair Inc. · W

$1.5B
$1.5B
$1.9B
$2.3B
$2.8B
$2.8B
$3.0B
$2.8B
$2.8B
$2.6B
$2.8B
$2.6B
$2.6B
$2.4B
$2.5B
$2.4B
$2.4B
$2.5B
$2.6B
06 · compare level, then change

Return On Capital Employed

Chewy, Inc. has the highest ROCE among the 16 Internet Retail companies compared here, at 13.7%. Etsy, Inc. is next at 7.9%. Wayfair Inc. has the highest ROCE change at +9.3 percentage points, so level and change sit with different companies. 16 of 16 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Chewy, Inc. leads ROCE at 13.7%, 5.8 percentage points above Etsy, Inc.. Wayfair Inc. has the strongest latest improvement at +9.3 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderChewy, Inc. · 13.7%
Gap73.4% versus #2 · Etsy, Inc.
Persistence8/8 recent comparable periods
Coverage16/16 companies · 304 observations

Investor read: Chewy, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Chewy, Inc. CHWY14%
2Etsy, Inc. ETSY7.9%
3Maplebear Inc. CART6.0%
4MercadoLibre, Inc. MELI5.0%
5eBay Inc. EBAY4.7%
ROCE changefastest improvers
1Wayfair Inc. W+9.3 pp
2Etsy, Inc. ETSY+8.1 pp
3Chewy, Inc. CHWY+6.5 pp
4Global-E Online Ltd. GLBE+5.7 pp
5Maplebear Inc. CART+2.8 pp
Return on capital · company comparison
16/16 level · 16/16 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
Chewy, Inc. CHWY14%+6.5 ppJun 2026
Etsy, Inc. ETSY7.9%+8.1 ppMar 2026
Maplebear Inc. CART6.0%+2.8 ppMar 2026
MercadoLibre, Inc. MELI5.0%−4.3 ppMar 2026
eBay Inc. EBAY4.7%+0.5 ppMar 2026
Liquidity Services, Inc. LQDT4.4%+0.8 ppMar 2026
Sea Limited SE4.3%+0.3 ppMar 2026
Amazon.com, Inc. AMZN4.1%−0.3 ppMar 2026
Global-E Online Ltd. GLBE3.6%+5.7 ppMar 2026
Revolve Group, Inc. RVLV3.0%−0.2 ppMar 2026
DoorDash, Inc. DASH1.3%−0.6 ppMar 2026
Newegg Commerce, Inc. NEGG0.0%+2.2 ppMar 2026
Wayfair Inc. W-1.1%+9.3 ppMar 2026
Coupang, Inc. CPNG-3.1%−5.1 ppMar 2026
ThredUp Inc. TDUP-6.1%−2.1 ppMar 2026
Jumia Technologies AG JMIA-28%+1.6 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amazon.com, Inc. · AMZN

2.2%
1.5%
1.5%
1.3%
0.9%
0.9%
1.6%
2.5%
3.6%
3.9%
4.4%
4.0%
4.6%
5.2%
4.4%
4.3%
3.6%
4.8%
4.1%

Chewy, Inc. · CHWY

-8.0%
-16%
3.9%
4.0%
-0.1%
2.9%
3.7%
-2.2%
-1.2%
-2.5%
6.3%
3.3%
2.9%
-1.0%
7.2%
7.1%
7.2%
4.5%
14%

Coupang, Inc. · CPNG

-12%
-15%
-4.6%
-1.6%
1.9%
2.0%
2.5%
3.2%
1.9%
2.4%
0.7%
-0.4%
1.6%
4.4%
2.0%
1.9%
1.9%
0.1%
-3.1%

DoorDash, Inc. · DASH

-2.8%
-3.1%
-3.5%
-4.3%
-5.0%
-6.0%
-2.8%
-2.9%
-1.5%
-1.2%
-0.8%
-2.7%
1.4%
1.5%
1.9%
1.6%
2.5%
1.3%
1.3%

eBay Inc. · EBAY

3.4%
3.7%
4.4%
2.5%
2.9%
2.9%
3.2%
3.2%
2.9%
2.4%
3.8%
3.5%
3.9%
3.6%
4.2%
3.6%
4.4%
4.6%
4.7%

Etsy, Inc. · ETSY

3.4%
5.5%
3.2%
2.4%
-38%
5.3%
3.0%
-0.1%
4.6%
5.8%
3.5%
3.6%
4.6%
8.3%
-0.2%
3.9%
4.2%
8.0%
7.9%

Global-E Online Ltd. · GLBE

-7.4%
-5.6%
-10%
-6.1%
-6.6%
-4.2%
-4.4%
-3.8%
-3.8%
-2.5%
-3.1%
-2.5%
-2.3%
0.6%
-2.1%
1.1%
1.8%
6.8%
3.6%

Maplebear Inc. · CART

0.7%
-5.5%
-6.9%
0.7%
1.3%
3.9%
5.6%
4.4%
-74%
1.3%
4.5%
1.6%
4.0%
4.2%
3.2%
3.6%
4.9%
3.2%
6.0%

MercadoLibre, Inc. · MELI

6.1%
0.7%
4.1%
7.2%
7.9%
7.4%
8.2%
13%
15%
4.2%
8.7%
11%
7.9%
11%
9.3%
9.0%
7.1%
7.9%
5.0%

Revolve Group, Inc. · RVLV

8.4%
12%
9.8%
6.1%
4.4%
3.0%
3.1%
1.8%
0.1%
0.5%
2.2%
3.7%
3.2%
2.6%
3.2%
3.8%
4.3%
4.1%
3.0%

Sea Limited · SE

-6.0%
-5.1%
-5.7%
-10%
-4.4%
3.2%
1.1%
2.6%
-1.2%
-0.5%
0.7%
0.8%
1.8%
2.8%
4.0%
4.1%
3.9%
4.3%
4.3%

Wayfair Inc. · W

-2.9%
-8.2%
-13%
-17%
-18%
-17%
-21%
-8.6%
-9.9%
-12%
-19%
-2.7%
-5.7%
-9.8%
-10%
1.5%
3.6%
7.0%
-1.1%

ROCE change · reported quarter history

Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amazon.com, Inc. · AMZN

−1.3 pp
−0.6 pp
+0.1 pp
+1.2 pp
+2.7 pp
+3.0 pp
+2.8 pp
+1.5 pp
+1.0 pp
+1.3 pp
0.0 pp
+0.3 pp
−1.0 pp
−0.4 pp
−0.3 pp

Chewy, Inc. · CHWY

+7.9 pp
+19.0 pp
−0.2 pp
−6.2 pp
−1.1 pp
−5.4 pp
+2.6 pp
+5.5 pp
+4.1 pp
+1.5 pp
+0.9 pp
+3.8 pp
+4.3 pp
+5.5 pp
+6.5 pp

Coupang, Inc. · CPNG

+13.7 pp
+17.2 pp
+7.1 pp
+4.8 pp
0.0 pp
+0.4 pp
−1.8 pp
−3.6 pp
−0.3 pp
+2.0 pp
+1.3 pp
+2.3 pp
+0.3 pp
−4.3 pp
−5.1 pp

DoorDash, Inc. · DASH

−2.2 pp
−2.9 pp
+0.7 pp
+1.4 pp
+3.5 pp
+4.8 pp
+2.0 pp
+0.2 pp
+2.9 pp
+2.7 pp
+2.7 pp
+4.3 pp
+1.1 pp
−0.2 pp
−0.6 pp

eBay Inc. · EBAY

−0.5 pp
−0.8 pp
−1.2 pp
+0.7 pp
0.0 pp
−0.5 pp
+0.6 pp
+0.3 pp
+1.0 pp
+1.2 pp
+0.4 pp
+0.1 pp
+0.5 pp
+1.0 pp
+0.5 pp

Etsy, Inc. · ETSY

−41.7 pp
−0.2 pp
−0.2 pp
−2.5 pp
+42.9 pp
+0.5 pp
+0.5 pp
+3.7 pp
0.0 pp
+2.5 pp
−3.7 pp
+0.3 pp
−0.4 pp
−0.3 pp
+8.1 pp

Global-E Online Ltd. · GLBE

+0.8 pp
+1.4 pp
+5.6 pp
+2.3 pp
+2.8 pp
+1.7 pp
+1.3 pp
+1.3 pp
+1.5 pp
+3.1 pp
+1.0 pp
+3.6 pp
+4.1 pp
+6.2 pp
+5.7 pp

Maplebear Inc. · CART

+0.6 pp
+9.4 pp
+12.5 pp
+3.7 pp
−75.6 pp
−2.6 pp
−1.1 pp
−2.8 pp
+78.3 pp
+2.9 pp
−1.3 pp
+2.0 pp
+0.9 pp
−1.0 pp
+2.8 pp

MercadoLibre, Inc. · MELI

+1.8 pp
+6.7 pp
+4.1 pp
+5.9 pp
+6.7 pp
−3.2 pp
+0.5 pp
−1.7 pp
−6.7 pp
+6.8 pp
+0.6 pp
−2.4 pp
−0.8 pp
−3.1 pp
−4.3 pp

Revolve Group, Inc. · RVLV

−4.0 pp
−9.3 pp
−6.7 pp
−4.3 pp
−4.3 pp
−2.5 pp
−0.9 pp
+1.9 pp
+3.1 pp
+2.1 pp
+1.0 pp
+0.1 pp
+1.1 pp
+1.5 pp
−0.2 pp

Sea Limited · SE

+1.6 pp
+8.3 pp
+6.8 pp
+12.8 pp
+3.2 pp
−3.7 pp
−0.4 pp
−1.8 pp
+3.0 pp
+3.3 pp
+3.3 pp
+3.3 pp
+2.1 pp
+1.5 pp
+0.3 pp

Wayfair Inc. · W

−15.1 pp
−8.9 pp
−7.3 pp
+8.6 pp
+8.1 pp
+4.8 pp
+2.0 pp
+5.9 pp
+4.2 pp
+2.5 pp
+8.3 pp
+4.2 pp
+9.3 pp
+16.8 pp
+9.3 pp
07 · compare level, then change

Valuation Against Growth & Quality

Amazon.com, Inc. has the lowest Guarded PEG among the 16 Internet Retail companies compared here, at 0.69×. Revolve Group, Inc. is next at 0.88×. eBay Inc. has the lowest P/E at 20.6×, so level and change sit with different companies. 7 of 16 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Amazon.com, Inc. has the lowest comparable Guarded PEG at 0.69×, 21.6% below Revolve Group, Inc.. Only 7 of 16 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderAmazon.com, Inc. · 0.69×
Gap21.6% versus #2 · Revolve Group, Inc.
Persistence0/8 recent comparable periods
Coverage7/16 companies · 25 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Amazon.com, Inc. AMZN0.7
2Revolve Group, Inc. RVLV0.9
3Maplebear Inc. CART1.2
4MercadoLibre, Inc. MELI1.3
5Liquidity Services, Inc. LQDT1.7
P/Elowest P/E
1eBay Inc. EBAY20.6
2Etsy, Inc. ETSY20.8
3Maplebear Inc. CART20.9
4Amazon.com, Inc. AMZN24.9
5Revolve Group, Inc. RVLV25.4
Valuation · company comparison
7/16 level · 14/16 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
eBay Inc. EBAY3.920.6Mar 2026
Chewy, Inc. CHWY1.842.6Jun 2026
Liquidity Services, Inc. LQDT1.732.5Mar 2026
MercadoLibre, Inc. MELI1.345.6Mar 2026
Maplebear Inc. CART1.220.9Mar 2026
Revolve Group, Inc. RVLV0.925.4Mar 2026
Amazon.com, Inc. AMZN0.724.9Mar 2026
DoorDash, Inc. DASH71.5Mar 2026
Sea Limited SE32.6Mar 2026
Coupang, Inc. CPNG214.5Mar 2026
Wayfair Inc. W327.6Mar 2026
Etsy, Inc. ETSY20.8Mar 2026
Global-E Online Ltd. GLBE47.5Mar 2026
Newegg Commerce, Inc. NEGG210.7Mar 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Amazon.com, Inc. · AMZN

7.7
0.6
0.6
1.1
0.7

Chewy, Inc. · CHWY

1.8

eBay Inc. · EBAY

1.3
2.3
3.9

Liquidity Services, Inc. · LQDT

1.7
1.8
0.9
0.8
1.4
1.7

Maplebear Inc. · CART

0.9
1.2

MercadoLibre, Inc. · MELI

1.6
1.4
1.3

Revolve Group, Inc. · RVLV

1.6
0.9
0.8
1.4
0.9

P/E · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amazon.com, Inc. · AMZN

64.1
51.5
78.4
94.0
102.7
245.9
102.7
65.9
52.4
50.5
46.2
39.9
39.7
31.0
33.4
31.0
32.2
24.9

Chewy, Inc. · CHWY

3,790.0
510.1
238.5
258.5
450.5
21.3
83.4
30.5
29.6
75.0
41.2
102.6
70.3
56.0
42.6

Coupang, Inc. · CPNG

133.3
72.5
70.8
21.6
25.3
36.0
43.1
274.8
156.6
149.8
153.3
214.5

DoorDash, Inc. · DASH

578.5
237.4
137.0
138.1
106.3
71.5

eBay Inc. · EBAY

3.9
175.0
4.6
37.0
18.1
8.7
8.4
10.5
10.4
16.4
15.7
16.2
16.4
19.8
20.1
20.6

Etsy, Inc. · ETSY

61.5
64.4
41.3
25.8
27.0
36.2
28.1
24.5
25.0
22.5
33.7
40.5
46.8
39.9
20.8

Global-E Online Ltd. · GLBE

1,192.0
100.8
47.5

Maplebear Inc. · CART

27.3
26.2
26.2
26.2
20.2
28.1
20.9

MercadoLibre, Inc. · MELI

1,056.2
807.4
324.1
134.7
154.2
88.8
108.0
79.3
64.9
80.8
67.7
59.4
72.4
45.1
48.0
64.6
57.0
51.1
45.6

Revolve Group, Inc. · RVLV

51.5
41.8
40.4
22.9
20.3
28.2
38.7
29.3
30.9
43.6
62.3
35.4
44.3
48.5
31.1
32.3
28.0
35.1
25.4

Sea Limited · SE

145.1
38.2
162.0
1,074.2
628.5
143.4
91.9
82.9
78.4
50.6
32.6

Wayfair Inc. · W

327.6
08 · compare level, then change

Enterprise Value & Book Value

Maplebear Inc. has the lowest EV/EBITDA among the 16 Internet Retail companies compared here, at 12.4×. Etsy, Inc. is next at 12.8×. Revolve Group, Inc. has the lowest P/BV at 3.07×, so level and change sit with different companies. 14 of 16 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Maplebear Inc. leads ev/ebitda at 12.4×; Revolve Group, Inc. leads p/bv at 3.07×.

LeaderMaplebear Inc. · 12.4×
Gap3.1% versus #2 · Etsy, Inc.
Persistence0/8 recent comparable periods
Coverage14/16 companies · 181 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Maplebear Inc. CART12.4
2Etsy, Inc. ETSY12.8
3Amazon.com, Inc. AMZN14.8
4Liquidity Services, Inc. LQDT15.1
5Revolve Group, Inc. RVLV16.0
P/BVlowest P/BV
1Revolve Group, Inc. RVLV3.1
2Maplebear Inc. CART3.7
3Sea Limited SE3.9
4Liquidity Services, Inc. LQDT4.3
5Amazon.com, Inc. AMZN5.1
Enterprise and book valuation · company comparison
14/16 level · 14/16 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
Newegg Commerce, Inc. NEGG127.55.2Mar 2026
Coupang, Inc. CPNG54.18.7Mar 2026
DoorDash, Inc. DASH39.96.4Mar 2026
Global-E Online Ltd. GLBE32.05.7Mar 2026
Wayfair Inc. W29.8-3.5Mar 2026
MercadoLibre, Inc. MELI23.912.0Mar 2026
Chewy, Inc. CHWY23.624.7Jun 2026
Sea Limited SE20.63.9Mar 2026
eBay Inc. EBAY16.19.2Mar 2026
Revolve Group, Inc. RVLV16.03.1Mar 2026
Liquidity Services, Inc. LQDT15.14.3Mar 2026
Amazon.com, Inc. AMZN14.85.1Mar 2026
Etsy, Inc. ETSY12.8-4.2Mar 2026
Maplebear Inc. CART12.43.7Mar 2026
ThredUp Inc. TDUP7.1Mar 2026
Jumia Technologies AG JMIA65.4Mar 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amazon.com, Inc. · AMZN

28.2
28.9
30.6
21.6
23.5
17.2
19.9
22.4
18.8
19.0
19.9
19.9
18.0
19.4
16.2
17.7
17.3
17.2
14.8

Chewy, Inc. · CHWY

506.8
1,264.8
309.1
138.1
82.3
110.9
61.3
90.2
50.2
58.9
51.6
70.5
62.5
52.3
42.3
30.6
23.6

Coupang, Inc. · CPNG

209.8
62.0
44.5
41.5
35.5
42.7
61.7
65.7
43.2
37.3
43.4
44.2
41.7
54.1

DoorDash, Inc. · DASH

887.1
501.6
179.2
112.5
96.3
91.4
83.9
62.2
39.9

eBay Inc. · EBAY

14.1
12.1
11.0
9.2
8.4
9.6
10.5
10.4
10.5
11.2
13.0
12.3
13.5
11.8
12.9
14.5
17.4
16.1
16.1

Etsy, Inc. · ETSY

50.8
54.1
35.4
22.2
23.2
29.3
25.8
18.6
17.1
14.5
15.9
16.2
20.1
18.6
12.8

Global-E Online Ltd. · GLBE

163.0
65.3
32.0

Maplebear Inc. · CART

21.3
17.4
17.1
17.3
12.8
17.5
12.4

MercadoLibre, Inc. · MELI

149.8
106.3
83.3
38.9
41.2
29.7
38.2
27.3
23.3
28.9
27.3
28.6
39.1
26.5
28.2
36.7
31.6
26.7
23.9

Revolve Group, Inc. · RVLV

45.3
35.5
31.5
16.2
13.9
18.3
27.3
19.6
21.4
35.9
51.9
27.7
32.8
38.3
20.6
18.1
17.4
23.4
16.0

Sea Limited · SE

123.9
37.8
33.6
173.5
168.6
55.2
69.4
61.4
57.8
30.0
20.6

Wayfair Inc. · W

54.2
94.1
413.3
190.2
99.8
48.5
29.8

P/BV · reported quarter history

Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amazon.com, Inc. · AMZN

13.8
12.3
12.4
8.2
8.4
5.9
6.9
8.0
7.2
7.8
8.7
8.6
7.6
8.1
6.6
7.0
6.3
6.0
5.1

Chewy, Inc. · CHWY

479.8
1,253.0
208.5
139.7
101.7
121.8
46.9
39.6
19.8
16.4
10.7
21.5
49.2
61.7
40.5
38.2
29.8
24.3
24.7

Coupang, Inc. · CPNG

19.0
23.7
15.3
10.9
13.6
10.8
11.1
11.2
10.4
7.1
7.8
9.7
10.5
9.7
9.1
11.6
12.4
9.3
8.7

DoorDash, Inc. · DASH

15.1
11.1
8.9
3.4
2.8
2.8
3.8
4.7
4.8
5.9
8.0
6.3
7.8
9.0
9.2
11.8
12.3
9.8
6.4

eBay Inc. · EBAY

4.0
4.0
4.6
4.4
4.1
4.3
4.4
4.5
3.9
3.5
4.3
4.8
5.8
5.7
6.3
7.2
8.8
8.5
9.2

Etsy, Inc. · ETSY

49.3
44.2
23.3
16.0
-20.8
-27.4
-25.3
-22.5
-12.4
-17.8
-13.8
-10.7
-10.0
-7.6
-5.5
-4.4
-5.9
-4.9
-4.2

Global-E Online Ltd. · GLBE

15.4
13.7
5.4
3.3
4.4
3.6
5.6
7.1
7.1
7.3
6.8
6.8
7.3
10.3
6.8
6.2
6.5
7.1
5.7

Maplebear Inc. · CART

2.4
1.8
3.2
2.8
3.7
3.5
3.3
3.6
2.8
4.3
3.7

MercadoLibre, Inc. · MELI

675.4
44.4
37.7
20.3
25.5
23.3
32.4
26.4
23.4
25.9
22.6
22.8
26.0
19.8
19.8
23.2
19.1
15.1
12.0

Revolve Group, Inc. · RVLV

15.9
13.0
11.6
5.3
4.3
4.3
4.9
3.0
2.5
3.1
3.9
2.8
4.2
5.4
3.4
3.1
3.1
4.2
3.1

Sea Limited · SE

22.0
16.9
10.7
6.9
6.4
5.1
8.0
5.0
3.8
3.5
4.6
6.0
6.8
7.5
8.6
9.7
10.3
6.2
3.9

Wayfair Inc. · W

-17.4
-12.3
-6.1
-2.1
-1.5
-1.4
-1.4
-2.7
-2.6
-2.7
-2.9
-2.3
-2.5
-2.0
-1.5
-2.4
-4.2
-4.7
-3.5
09 · let price answer last

Market action

Liquidity Services, Inc. has the strongest one-year price move in Internet Retail at +67.5%. Etsy, Inc. leads on Mansfield relative strength against the S&P 500 at +30.1%. 7 of 16 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Internet Retail comparison names 4 specific ways its own evidence can mislead, all listed below. All 16 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
10 · the complete set

Which companies are included?

All 16 companies in the canonical Internet Retail membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentals
Amazon.com, Inc. AMZN$2.5T$2312026-07-28Mar 2026
MercadoLibre, Inc. MELI$94.4B$1,8632026-07-28Mar 2026
DoorDash, Inc. DASHLAGGING, FUNDAMENTALS UP$85.2B$1962026-07-28Mar 2026
Sea Limited SEAHEADLAGGING, FUNDAMENTALS UP$65.8B$1072026-07-28Mar 2026
eBay Inc. EBAYAHEAD25/26 WEEKS$52.1B$1172026-07-28Mar 2026
Coupang, Inc. CPNG$27.7B$15.42026-07-28Mar 2026
Wayfair Inc. WAHEAD$12.5B$94.52026-07-28Mar 2026
Maplebear Inc. CART$10.7B$45.62026-07-28Mar 2026
Chewy, Inc. CHWY$9.4B$22.92026-07-28Jun 2026
Etsy, Inc. ETSYAHEAD18/26 WEEKS$8.2B$86.52026-07-28Mar 2026
Global-E Online Ltd. GLBEAHEAD$6.5B$38.92026-07-28Mar 2026
Revolve Group, Inc. RVLV$1.9B$26.82026-07-28Mar 2026
Liquidity Services, Inc. LQDTAHEAD22/26 WEEKS$1.2B$39.32026-07-28Mar 2026
ThredUp Inc. TDUPAHEAD$760M$5.92026-07-28Mar 2026
Jumia Technologies AG JMIA$741M$6.02026-07-28Mar 2026
Newegg Commerce, Inc. NEGG$295M$14.12026-07-28Mar 2026
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 16 Internet Retail companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-28. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-28 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Questions investors ask · short, speakable answers

Internet Retail company comparison FAQs

These 18 answers restate the Internet Retail comparison above in question form. Every one is computed from the same 16 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.

Which Internet Retail company is the biggest?

Amazon.com, Inc. is the largest, with trailing-twelve-month revenue of $742,776 million, ahead of Coupang, Inc. at $35,130 million. That covers 15 of 16 companies with comparable reporting through Mar 2026.

Which Internet Retail company is growing fastest?

MercadoLibre, Inc. has the fastest revenue growth at 42.1% year on year, across 15 of 16 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Internet Retail company has the best profit margins?

eBay Inc. has the highest operating margin at 19.8%, from 15 of 16 comparable companies. Jumia Technologies AG shows the biggest recent improvement, at +24 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Internet Retail company makes the most profit?

Amazon.com, Inc. earns the most, at $91,372 million of trailing-twelve-month net profit, from 15 of 16 comparable companies. DoorDash, Inc. has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Internet Retail company earns the highest return on capital?

Chewy, Inc. leads on return on capital employed at 13.7%, across 16 of 16 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Internet Retail stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Amazon.com, Inc. screens cheapest at 0.69×. Only 7 of 16 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Internet Retail company has the strongest balance sheet?

Jumia Technologies AG carries the lowest comparable gross debt at $10 million, from 15 of 16 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Internet Retail company is investing most in new capacity?

Amazon.com, Inc. reports the largest capital spending at $44,203 million, across 16 of 16 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

Is the Internet Retail sector beating the market?

Internet Retail has underperformed S&P 500 by 10% over the last 52 weeks and 0.1% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 7 of 16 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Internet Retail stock has the strongest price momentum?

Etsy, Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Internet Retail company scores highest for research priority?

Maplebear Inc. scores 66.4 out of 100 with 82% evidence confidence, from 21.1 points on growth and earnings, 17.4 on capital efficiency, 13.3 on valuation and 14.6 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Internet Retail companies does this comparison cover, and over what period?

It compares 16 listed companies over up to 20 reported quarters of fundamentals and 5 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Internet Retail sector?

The 16 Internet Retail companies on this page carry $2,860,916 million of combined market value. Amazon.com, Inc. is the largest at $2,483,386 million, about 87% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

What is the Internet Retail sector's P/E ratio?

The median price-to-earnings ratio across the 16 Internet Retail companies on this page is 42.6×, measured on the 14 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.

How is the Internet Retail sector performing?

7 of the 16 covered Internet Retail companies are beating S&P 500 on Mansfield relative strength. The sector itself is 10% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

How many Internet Retail stocks are listed in the US?

This comparison covers 16 listed Internet Retail companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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