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Coupang CPNG EV / sales

EV / sales at other companies

Amazon logo
AmazonAMZN
3.2×0.0×
DoorDash logo
DoorDashDASH
4.1×-2.3×
Maplebear Inc. logo
Maplebear Inc.CART
2.1×-0.4×
Rocket Companies logo
Rocket CompaniesRKT
5.5×+5.4×
Packaging Corp of America logo
Packaging Corp of AmericaPKG
2.5×+0.2×

Other financials

Income statement

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Revenue$8.5B+7.5%
Gross profit$2.3B-0.8%
Operating income-$242.0M-257%
Net income-$266.0M-349%
EPS (diluted)-$0.15-350%

Balance sheet

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Cash & equivalents$6.4B+3.1%
Total debt$5.4B+32.3%
Total equity$3.9B-10.2%
Total assets$17.4B+8.8%

Cash flow

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Operating cash flow$184.0M-48.0%
CapEx$296.0M+23.8%
Free cash flow-$112.0M-197%

Valuation

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Market cap$32.31B-12.8%
Enterprise value$31.32B-10.5%
P/S0.9×-0.3×

Profitability

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Gross margin28.8%-0.9pp
Operating margin0.2%-1.6pp
Net margin1.2%-2.4pp
FCF margin3.7%+0.4pp

Returns & leverage

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Return on equity8.7%-20.2pp
Debt / equity1.4×+0.4×
Current ratio-0.2×

Where this comes from

Calculated from Coupang’s reported figures.

Based on the most recent quarter.

The official record: Coupang’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Coupang's EV / sales?
Coupang (CPNG) reported EV / sales of 1× in Q1 2026.
How has Coupang's EV / sales changed year-over-year?
Coupang's EV / sales decreased by 20.9% year-over-year, from 1.2× to 1×.
What is the long-term trend for Coupang's EV / sales?
Over 4 years (2021 to 2025), Coupang's EV / sales has grown at a -18.2% compound annual growth rate (CAGR), from 2.7× to 1.2×.
What does EV / sales mean?
What the whole business costs relative to its annual sales.
How do you interpret EV / sales?
A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.
How does EV / sales compare across companies?
Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.