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South Korea's largest e-commerce platform, known for its own next-day/same-day delivery logistics network.
South Korea's largest e-commerce platform, known for its own next-day/same-day delivery logistics network.
Buys most goods itself and sells them from its own warehouses, and also lets third-party sellers use its logistics, with the WOW membership giving free fast delivery and keeping customers returning. Founder Bom Kim controls the votes through Class B shares. Taiwan, Eats and Farfetch, bought in 2024, are newer ventures still being built up.
In one line: South Korea's Amazon.
Moat: narrow (scale, installed base, distribution). Dense fulfillment-center network enabling fast delivery is costly and time-consuming for rivals to replicate.
Headquarters: Seattle, Washington, US (Korea-focused ops) · Founded: 2010 · Employees: 108,000
Size Coupang (CPNG) is a United States Consumer Discretionary company (Internet Retail) with a market value of $29.2B, the 375th largest of 3,117 United States companies the cockpit tracks. Shares closed at $16.29 on 6 Nov 2026.
Performance Over six months the shares fell 4.1%, against -1.8% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 10 in its peer set.
Growth Revenue grew 7.4% over the last twelve months (peer median +15.3%); the operating margin is -3.4% (peer median 6.2%).
Valuation It trades at 55.9× forward earnings against a peer median of 19.6× (2nd most expensive of 9).
Capital Return on invested capital runs 51.5 points below its cost of capital (9.9% WACC).
Short interest Short interest is 5.0% of the free float (15 Oct 2026).
Next results Next results expected around 2 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $36.2B | $34.5B | $30.3B | $24.4B | $20.6B |
| Revenue growth | — | +14% | +24% | +18% | — |
| Gross profit | $9.90B | $10.1B | $8.71B | $6.19B | $4.71B |
| EBITDA | -$667M | $1.01B | $942M | $748M | $119M |
| Net income | -$1.36B | $208M | $154M | $1.36B | -$92.0M |
| Free cash flow | -$441M | $522M | $1.01B | $1.76B | -$259M |
| Capital expenditure | $1.24B | $1.25B | $879M | $896M | $824M |
| Total debt | $5.06B | $4.63B | $3.73B | $2.79B | $2.40B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Coupang CPNG | $29.2B | -4% | +7% | -3% | 55.9× | n/a |
| Naver 035420.KS | $20.3B | -10% | +15% | 17% | 15.5× | -0.6% |
| Amazon AMZN | $2.80T | -5% | +15% | 13% | 26.3× | n/a |
| Lotte Shopping 023530.KS | $1.87B | -33% | +1% | 5% | 7.9× | 5.8% |
| Delivery Hero DHER.DE | $12.9B | +31% | +11% | 0% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CPNG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.7% | +8.0% | 5th lowest of 10 |
| 6-month return | -4.1% | -1.8% | 5th lowest of 10 |
| Distance from 52-week high | -45.9% | -15.6% | 2nd lowest of 10 |
| Revenue growth (TTM) | +7.4% | +15.3% | 3rd lowest of 10 |
| Operating margin | -3.4% | 6.2% | lowest of 10 |
| Forward P/E | 55.9× | 19.6× | 2nd most expensive of 9 |
| ROIC minus cost of capital | -51.5 pp | +7.3 pp | lowest of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Coupang CPNG | United States | $29.2B | -4% | +7% | -3% | 55.9× | n/a | n/a |
| Jd-sw 9618.HK | Hong Kong | $34.8B | -5% | +8% | 0% | 9.2× | 14.4% | +11.1% |
| Sea Limited Sponsored ADR SE | United States | $49.1B | -13% | +43% | 8% | 18.0× | 11.7% | +39.3% |
| eBay EBAY | United States | $53.5B | +14% | +15% | 21% | 18.4× | 15.4% | +4.6% |
| MercadoLibre MELI | United States | $76.6B | -8% | +46% | 8% | 32.0× | 11.9% | +48.7% |
| FSN E-Commerce Ventures NYKAA.NS | India | $10.7B | +31% | +28% | 5% | 209.2× | n/a | n/a |
| Chewy CHWY | United States | $9.07B | -2% | +6% | 3% | 24.1× | 16.8% | +12.0% |
| Rakuten 4755.T | Japan | $8.59B | -18% | +11% | 6% | n/a | -2.0% | +11.4% |
| Etsy ETSY | United States | $7.75B | +40% | +1% | 18% | 19.7× | 12.8% | +10.8% |
| Zalando ZAL.DE | Germany | $7.64B | +42% | +18% | 4% | 19.6× | 7.6% | +9.1% |