Coupang CPNG Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 118%+4.5pp | 118.9%+8.9pp | 118.7%+12.5pp | 116.5%+13.1pp | 113.6%+12.4pp | |
| Operating margin | 6.1%+1.2pp | 7.7%+2.9pp | 7.8%+2.5pp | 6.3%— | 5%— | |
| Returns | ||||||
| Return on invested capital | 47.7%-24.6pp | 59.3%-31.0pp | 64.6%-55.9pp | 69.8%— | 72.3%— | |
| Efficiency | ||||||
| Asset turnover | 8.1×-0.2× | 8×-0.4× | 8×-0.4× | 8.1×-0.5× | 8.3×-0.6× | |
| Liquidity | ||||||
| Current ratio | 4.2×-0.4× | 4.3×-0.2× | 4.5×-0.1× | 4.5×0.0× | 4.6×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 4.4×+0.7× | 3.9×+0.3× | 3.8×+0.5× | 3.7×+0.5× | 3.7×+0.5× | |
| Net debt / EBITDA | -7.3×+4.4× | -7.8×+4.9× | -8.7×+5.2× | -9.9×— | -11.7×— | |
| Per Share | ||||||
| Book value per share | $9.71+7.1% | $9.94+11.1% | $9.69+8.1% | $9.44+13.9% | $9.07+18.1% | |
| Valuation | ||||||
| Market capitalization | $188.87B+17.5% | $193.95B+26.8% | $190.4B+33.7% | $175.76B+36.6% | $160.68B+31.4% | |
| Price / sales | 5.6×+0.1× | 5.9×+0.4× | 6×+0.6× | 5.7×+0.6× | 5.5×+0.3× | |
| Price / book | 41.7×+2.8× | 42×+4.3× | 42.3×+7.2× | 40.4×+5.4× | 38.9×+2.5× | |
| EV / EBITDA | 181.9×-24.0× | 164.5×-46.0× | 165.5×-36.9× | 186.7×— | 205.9×— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Coupang's profit margins?
- Coupang (CPNG) runs a 28.8% gross margin and a 0.2% operating margin, with a 1.2% net margin.
- Where do Coupang's ratios come from?
- Every ratio is computed from Coupang's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
