📊 CPNG Key Takeaways
Investment Thesis
Coupang demonstrates solid revenue growth of 14.1% YoY and strong cash generation with $1.8B operating cash flow, but profitability remains structurally challenged with razor-thin net margins of 0.6% and concerning ROE/ROA of 4.5%/1.2%. The company's operational leverage is not expanding despite scale, suggesting either market saturation in core business or continued investments in competitive positioning.
CPNG Strengths
- Strong revenue growth at 14.1% YoY with $34.5B annual revenue base indicates market traction and customer demand
- Robust operating cash flow of $1.8B with healthy cash position of $6.3B provides financial flexibility and investment capacity
- Conservative leverage with 0.14x debt-to-equity and 17.5x interest coverage demonstrates prudent capital structure
- Positive free cash flow of $522M shows ability to fund operations and growth without dilution despite low net margins
CPNG Risks
- Extremely low net margin of 0.6% and operating margin of 1.4% indicate intense competitive pressure and structural profitability challenges in e-commerce logistics
- Poor capital efficiency with ROE of 4.5% and ROA of 1.2% suggests significant asset base is generating minimal returns relative to cost of capital
- Tight liquidity with current ratio of 1.04x and quick ratio of 0.79x leaves limited cushion for operational disruptions or growth investments
- Net income declining 2.8% YoY despite revenue growth signals deteriorating operational performance and potential margin compression ahead
Key Metrics to Watch
- Operating margin expansion trajectory - must improve beyond 1.4% to justify capital intensity
- Return on equity sustainability - monitor if ROE can improve toward 10%+ levels or if capital allocation is destroying shareholder value
- Free cash flow conversion rate - track if FCF margin remains stable at 1.5% or contracts further with competitive pressures
CPNG Financial Metrics
💡 AI Analyst Insight
The relatively thin 1.5% FCF margin may limit capital allocation flexibility.
CPNG Profitability Ratios
CPNG vs Consumer Sector
How Coupang, Inc. compares to Consumer sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CPNG Balance Sheet & Liquidity
CPNG 5-Year Financial Trend
5-Year Trend Summary: Coupang, Inc.'s revenue has grown significantly by 88% over the 5-year period, indicating strong business expansion. The most recent EPS of $0.75 reflects profitable operations.
CPNG Growth Metrics (YoY)
CPNG Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $7.9B | -$2.0M | $0.00 |
| Q2 2025 | $7.3B | $32.0M | $0.02 |
| Q1 2025 | $7.1B | $5.0M | $0.00 |
| Q3 2024 | $6.2B | -$2.0M | $0.00 |
| Q2 2024 | $5.8B | -$72.0M | $-0.04 |
| Q1 2024 | $5.8B | $5.0M | $0.00 |
| Q3 2023 | $5.1B | $90.7M | $0.05 |
| Q2 2023 | $5.0B | -$75.5M | $-0.04 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CPNG Capital Allocation
CPNG SEC Filings
Access official SEC EDGAR filings for Coupang, Inc. (CIK: 0001834584)
📋 Recent SEC Filings
❓ Frequently Asked Questions about CPNG
What is the AI rating for CPNG?
Coupang, Inc. (CPNG) has an AI rating of HOLD with 62% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CPNG's key strengths?
Strong revenue growth at 14.1% YoY with $34.5B annual revenue base indicates market traction and customer demand. Robust operating cash flow of $1.8B with healthy cash position of $6.3B provides financial flexibility and investment capacity.
What are the risks of investing in CPNG?
Extremely low net margin of 0.6% and operating margin of 1.4% indicate intense competitive pressure and structural profitability challenges in e-commerce logistics. Poor capital efficiency with ROE of 4.5% and ROA of 1.2% suggests significant asset base is generating minimal returns relative to cost of capital.
What is CPNG's revenue and growth?
Coupang, Inc. reported revenue of $34.5B.
Does CPNG pay dividends?
Coupang, Inc. does not currently pay dividends.
Where can I find CPNG SEC filings?
Official SEC filings for Coupang, Inc. (CIK: 0001834584) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CPNG's EPS?
Coupang, Inc. has a diluted EPS of $0.11.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.