# Coupang share price today (Coupang, Inc., CPNG)

> Coupang, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. CPNG · Consumer Discretionary · Internet Retail · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/cpng

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: $15.23 (−52.4% in a year)
- P/E: 152.8× (higher than 66% of the last 3.3 years)
- Revenue (Jun 2026): $8.9 B (+3.9% on a year ago)
- Profit (Jun 2026): −$570 M (−1,881.2% on a year ago)
- Operating margin: −6.3% (−8.0 points on a year ago)
- ROE: 5%, FY25
- ROIC: −49.0%, against a 9.2% cost of capital: −58.2 points

The main question: yearly earnings per share moved +37.5% while the share price moved −52.4%. ## What is the Coupang share price today? Coupang, Inc.'s share price was $15.23 at the close on 3 November 2026. It has been falling for 29 weeks. That is 11.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between $14 and $29, and at that close it sat 10% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 53 weeks running. Over the last 5.6 years the share price moved −69% while the S&P 500 moved +91%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 31 October 2025. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Coupang pay? Coupang, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Coupang on? Coupang is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Coupang profitable? Coupang, Inc. posted a net loss of $570 M in the Jun 2026 quarter. Full-year FY25 profit was $208 M. That loss is 6.4% of the quarter's revenue. The same quarter a year earlier earned $32.0 M. 4 of the last 12 reported quarters were loss-making. Jun 2026 profit was −$570 M, −1,881.2% on a year earlier. For the full year, FY25 profit was $208 M (+35.1% on the year before). Why profit moved: revenue changed +3.9% on a year earlier and the margin moved −8.0 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed −577.7% and revenue +10.0%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Coupang make, and is it growing? Coupang, Inc. reported $8.9 B of revenue in the Jun 2026 quarter, +3.9% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 17.0% a year on average. The last full year, FY25, came in at $34.5 B. The last four reported quarters add to $35.5 B. FY25 revenue was $34.5 B, +14.1% on the year before. Recent pace: the last four quarters grew +10.0% on average, against 17.0% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +9.9%, against +14.2% a year over the last 8 quarters (rolling over). ## How much of every $100 of sales does Coupang keep? Coupang, Inc.'s operating margin was −6.3% in the Jun 2026 quarter, 8.0 percentage points lower than the same quarter a year ago. Across 5 years it has been between −6.5% and 1.9%. The latest quarter is within that range. Why the margin moved: operating margin changed −8.0 percentage points on the year while gross margin changed −1.8 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Coupang's profit turning into cash? Over the last 3 years, 366% of Coupang, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $1.8 B of operating cash against $208 M of profit. After $1.3 B of spending on assets, $522 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Coupang's cash go? Coupang, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $3.0 B on assets over the last 3 years. Averaged over those years that is 2.9% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $3.0 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Coupang's P/E ratio, and how does it compare with its own history? Coupang, Inc.'s P/E is 152.8×, in the middle of its own history: higher than 66% of past readings. Its usual P/E (the middle reading) is 136.8×, over 3.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +37.5% while the price moved −52.4%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved −3.0% a year; about −23.4% a year came from earnings growth and about +20.4 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Coupang business getting better or worse? Coupang, Inc.'s business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 5.9%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading. ## How much does Coupang earn on its capital? Coupang, Inc. earned a ROE of 5% in FY25. That is up from a low of −71% in FY21. Its return on capital used (ROIC) is 58.2 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 0.6% net margin and 1.94× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 0.6% net margin × 1.94× asset turnover × 3.85× leverage (assets divided by equity) ≈ 4.5% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: −49.0% − 9.2% = −58.2 percentage points. The 9.2% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The −49.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 7.2%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Coupang have too much debt? Coupang, Inc. has total debt of $5.6 B against shareholder equity of $3.0 B as of Jun 2026, so its debt is 1.89× its equity. Year by year, that ratio went from 0.97 in FY21 to 1.00 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Coupang shareholding pattern? 6.2% of Coupang, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 5.0 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Coupang from balance-sheet trouble? For Coupang, Inc., the Z-score is 3.27. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 3.27 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Coupang rank in its industry? 28.9 out of 100, rank 16 of 16 in Internet Retail, with 71% of the evidence available. Coupang, Inc. scores 28.9 out of 100 against the 16 companies it is compared with in Internet Retail, ranking 16. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 6.5 + 5.7 + 8.5 + 8.2 = 28.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Coupang compared with? Coupang ranks 16 of 16 Internet Retail companies on the 4-Factor Sector Score, with 28.9 out of 100. 1. [Maplebear Inc.](https://www.sectoralpha.in/us/stocks/cart) CART · turning · Most evidence points up · 81% evidence 68.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.6/35 · Revenue 12.6% · Profit -1.7% · Operating margin change 0.6 points · 83% evidence Capital efficiency 18.6/25 · ROCE 23.1% · Operating margin 14.1% · 76% evidence Valuation 12.5/20 · P/E 23.6× · PEG 1.16 · 65% evidence Relative strength 19.4/20 · Lead over its industry 43.7% · Lead over S&P 500 27.9% · 1 year 58.7% · 100% evidence · 8 of 12 weeks ahead Exact sum: 17.6 + 18.6 + 12.5 + 19.4 = 68.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Etsy, Inc.](https://www.sectoralpha.in/us/stocks/etsy) ETSY · turning · Most evidence points up · 81% evidence 67.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.1/35 · Revenue 3.8% · Profit 28.1% · Operating margin change 3.7 points · 83% evidence Capital efficiency 20.3/25 · ROCE 39.1% · Operating margin 18.7% · 76% evidence Valuation 6.3/20 · P/E 16.9× · PEG 3.68 · 65% evidence Relative strength 19.0/20 · Lead over its industry 44.9% · Lead over S&P 500 29.9% · 1 year 52.1% · 100% evidence · 5 of 12 weeks ahead Exact sum: 22.1 + 20.3 + 6.3 + 19 = 67.7 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 3. [Wayfair Inc.](https://www.sectoralpha.in/us/stocks/w) W · breaking out · Evidence leans up · 64% evidence 64.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.6/35 · Revenue 7.5% · Profit n/a · Operating margin change 2.2 points · 62% evidence Capital efficiency 15.1/25 · ROCE 32.3% · Operating margin 3% · 76% evidence Valuation 11.5/20 · P/E -21.9× · PEG n/a · 15% evidence Relative strength 16.9/20 · Lead over its industry 31.4% · Lead over S&P 500 15.8% · 1 year 4.2% · 100% evidence · 10 of 12 weeks ahead Exact sum: 20.6 + 15.1 + 11.5 + 16.9 = 64.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Global-E Online Ltd.](https://www.sectoralpha.in/us/stocks/glbe) GLBE · turning · Evidence leans up · 64% evidence 61.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.6/35 · Revenue 31.4% · Profit n/a · Operating margin change 10 points · 62% evidence Capital efficiency 13.2/25 · ROCE 17.1% · Operating margin 14.9% · 76% evidence Valuation 9.2/20 · P/E 38× · PEG n/a · 15% evidence Relative strength 14.9/20 · Lead over its industry 23.3% · Lead over S&P 500 9% · 1 year 14.1% · 100% evidence · 6 of 12 weeks ahead Exact sum: 24.6 + 13.2 + 9.2 + 14.9 = 61.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Liquidity Services, Inc.](https://www.sectoralpha.in/us/stocks/lqdt) LQDT · leader · Evidence leans up · 81% evidence 60.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.1/35 · Revenue 5.4% · Profit 26.9% · Operating margin change 1.8 points · 83% evidence Capital efficiency 16.1/25 · ROCE 17.7% · Operating margin 10.8% · 76% evidence Valuation 9.5/20 · P/E 36.7× · PEG 1.6 · 65% evidence Relative strength 16.0/20 · Lead over its industry 32.3% · Lead over S&P 500 18.6% · 1 year 95.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 19.1 + 16.1 + 9.5 + 16 = 60.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [eBay Inc.](https://www.sectoralpha.in/us/stocks/ebay) EBAY · turning · Evidence leans up · 81% evidence 60.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.5/35 · Revenue 14.7% · Profit 2.1% · Operating margin change 2 points · 83% evidence Capital efficiency 19.0/25 · ROCE 21.6% · Operating margin 21.6% · 76% evidence Valuation 6.3/20 · P/E 22.3× · PEG 3.14 · 65% evidence Relative strength 16.8/20 · Lead over its industry 25.6% · Lead over S&P 500 12.4% · 1 year 41.6% · 100% evidence · 3 of 12 weeks ahead Exact sum: 18.5 + 19 + 6.3 + 16.8 = 60.6 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 7. [Amazon.com, Inc.](https://www.sectoralpha.in/us/stocks/amzn) AMZN · quiet · Evidence leans up · 85% evidence 60.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Revenue 15.3% · Profit 76.2% · Operating margin change 2.8 points · 95% evidence Capital efficiency 11.8/25 · ROCE 10.3% · Operating margin 13.9% · 76% evidence Valuation 16.0/20 · P/E 19.9× · PEG 0.68 · 65% evidence Relative strength 10.2/20 · Lead over its industry 11.7% · Lead over S&P 500 -0.7% · 1 year 2.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.3 + 11.8 + 16 + 10.2 = 60.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Chewy, Inc.](https://www.sectoralpha.in/us/stocks/chwy) CHWY · basing · Evidence leans up · 85% evidence 55.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.8/35 · Revenue 5.9% · Profit 81.5% · Operating margin change 0.3 points · 95% evidence Capital efficiency 15.5/25 · ROCE 20.7% · Operating margin 2.5% · 76% evidence Valuation 9.3/20 · P/E 33.8× · PEG 1.65 · 65% evidence Relative strength 8.8/20 · Lead over its industry -4.1% · Lead over S&P 500 -16.8% · 1 year -34.6% · 100% evidence · 3 of 12 weeks ahead Exact sum: 21.8 + 15.5 + 9.3 + 8.8 = 55.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Revolve Group, Inc.](https://www.sectoralpha.in/us/stocks/rvlv) RVLV · basing · Evidence leans up · 81% evidence 53.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.2/35 · Revenue 10.7% · Profit 62.2% · Operating margin change 0.2 points · 83% evidence Capital efficiency 13.3/25 · ROCE 14.6% · Operating margin 6.4% · 76% evidence Valuation 14.4/20 · P/E 22.5× · PEG 0.94 · 65% evidence Relative strength 5.6/20 · Lead over its industry -2.7% · Lead over S&P 500 -14.8% · 1 year 0.6% · 100% evidence · 3 of 12 weeks ahead Exact sum: 20.2 + 13.3 + 14.4 + 5.6 = 53.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [MercadoLibre, Inc.](https://www.sectoralpha.in/us/stocks/meli) MELI · quiet · Evidence leans down · 81% evidence 48.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.4/35 · Revenue 46% · Profit -9.3% · Operating margin change -5.5 points · 83% evidence Capital efficiency 16.0/25 · ROCE 19.4% · Operating margin 6.7% · 76% evidence Valuation 10.2/20 · P/E 46.2× · PEG 1.28 · 65% evidence Relative strength 9.5/20 · Lead over its industry -2.4% · Lead over S&P 500 -14.2% · 1 year -21.2% · 100% evidence · 5 of 12 weeks ahead Exact sum: 12.4 + 16 + 10.2 + 9.5 = 48.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Sea Limited](https://www.sectoralpha.in/us/stocks/se) SE · quiet · Evidence leans down · 81% evidence 47.0 out of 100 Growth Capital Valuation Relative
12. [DoorDash, Inc.](https://www.sectoralpha.in/us/stocks/dash) DASH · quiet · Evidence leans down · 71% evidence 40.6 out of 100 Growth Capital Valuation Relative
13. [ThredUp Inc.](https://www.sectoralpha.in/us/stocks/tdup) TDUP · basing · Most evidence points down · 61% evidence 34.9 out of 100 Growth Capital Valuation Relative
14. [Jumia Technologies AG](https://www.sectoralpha.in/us/stocks/jmia) JMIA · quiet · Most evidence points down · 61% evidence 34.5 out of 100 Growth Capital Valuation Relative
15. [Newegg Commerce, Inc.](https://www.sectoralpha.in/us/stocks/negg) NEGG · quiet · Most evidence points down · 64% evidence 33.6 out of 100 Growth Capital Valuation Relative
16. Coupang, Inc. this page CPNG · basing · Most evidence points down · 71% evidence 28.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 6.5/35 · Revenue 9.9% · Profit -310.1% · Operating margin change -8 points · 83% evidence Capital efficiency 5.7/25 · ROCE -9.3% · Operating margin -6.3% · 76% evidence Valuation 8.5/20 · P/E 150.5× · PEG n/a · 15% evidence Relative strength 8.2/20 · Lead over its industry -11.3% · Lead over S&P 500 -22.9% · 1 year -47.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 6.5 + 5.7 + 8.5 + 8.2 = 28.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Internet Retail](https://www.sectoralpha.in/us/sectors/internet-retail), all 16 compared on one page. ## Which companies are close to Coupang in size? Coupang is the 9th largest of 24 Internet Retail companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: eBay Inc., Sea and JD.com, Inc. Just below it: Wayfair Inc., Maplebear Inc. and Chewy, Inc. ### Internet Retail companies close in size

1. [eBay Inc.](https://www.sectoralpha.in/us/stocks/ebay) $52.1 billion
2. [Sea Limited](https://www.sectoralpha.in/us/stocks/se) $47 billion
3. [JD.com, Inc.](https://www.sectoralpha.in/us/stocks/jd) $36.2 billion
4. Coupang, Inc. $27.4 billion
5. [Wayfair Inc.](https://www.sectoralpha.in/us/stocks/w) $15.2 billion
6. [Maplebear Inc.](https://www.sectoralpha.in/us/stocks/cart) $13.5 billion
7. [Chewy, Inc.](https://www.sectoralpha.in/us/stocks/chwy) $8.9 billion

[All 24 Internet Retail companies, largest first](https://www.sectoralpha.in/us/sectors/internet-retail#all-companies)

### Companies close in size in other industries

1. [Fox Corporation](https://www.sectoralpha.in/us/stocks/foxa) $26.5 billion · Entertainment
2. [AvalonBay Communities, Inc.](https://www.sectoralpha.in/us/stocks/avb) $26.4 billion · REIT - Residential
3. Coupang, Inc. $26.4 billion
4. [Global Payments Inc.](https://www.sectoralpha.in/us/stocks/gpn) $26.4 billion · Specialty Business Services
5. [Credo Technology Group Holding Ltd](https://www.sectoralpha.in/us/stocks/crdo) $26.3 billion · Semiconductors

## What else do people ask about Coupang? ### What were Coupang's latest quarterly results? Coupang, Inc. reported revenue of $8.9 B and a net loss of $570 M for the Jun 2026 quarter. Revenue rose 3.9% and profit fell 1,881.2% compared with a year earlier. Earnings per share were −$0.32. The operating margin was −6.3%, 8.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Coupang's market cap? Coupang, Inc.'s market capitalisation is $27.4 B at a stock price of $15.23. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Coupang performing? Coupang, Inc.'s share price has been falling for 29 weeks. In its latest quarter, revenue rose 3.9% and profit fell 1,881.2% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 53 weeks running (as of 3 November 2026). ### Will Coupang's stock price go up? This page does not forecast Coupang, Inc.'s stock price. What it shows instead: the stock price is $15.23, and it has been falling for 29 weeks. Its P/E of 152.8× is higher than 66% of its own last 3 years (as of 3 November 2026). ### Does Coupang have too much debt? Yes, Coupang, Inc. has a lot of debt: its debt is 1.78× its equity. A year-by-year history of its borrowings is not in our data, so this uses the latest reading. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Coupang in its business cycle? Coupang, Inc.'s FY25 operating margin was 1.4%, against a 5-year range of −6.5% to 1.9%: the middle of its own range, neither a peak nor a low. The latest quarter was −6.3%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Coupang story? The main question: yearly earnings per share moved +37.5% while the share price moved −52.4%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Coupang a stock worth studying right now? What the numbers show: Coupang, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.