CPNG Chart
About

Coupang, Inc., together with its subsidiaries, owns and operates retail business through its mobile applications and internet websites in South Korea and internationally. It operates through Product Commerce and Developing Offerings segments. The Product Commerce segment includes Korean retail and marketplace offerings; Rocket Fresh, a fresh grocery offering; and advertising products. The Developing Offerings segment offers Coupang Eats, a restaurant ordering and delivery service; Coupang Play, an online content streaming service; fintech activities; and Farfetch, a luxury fashion marketplace. It also performs operations and support services in the United States, South Korea, Taiwan, Singapore, China, Japan, and India. Coupang, Inc. was incorporated in 2010 and is headquartered in Seattle, Washington.

Fundamentals
Scroll to Statements
Sector Consumer Cyclical Industry Internet Retail Market Cap 33.96B
Enterprise Value 31.66B Income 390.00M Sales 33.66B
Book/sh 2.60 Cash/sh 3.96 Dividend Yield —
Payout 0.00% Employees 95000 IPO —
P/E 88.52 Forward P/E 70.52 PEG —
P/S 1.01 P/B 7.15 P/C —
EV/EBITDA 23.54 EV/Sales 0.94 Quick Ratio 0.75
Current Ratio 1.06 Debt/Eq 104.39 LT Debt/Eq —
EPS (ttm) 0.21 EPS next Y 0.26 EPS Growth 28.20%
Revenue Growth 17.80% Earnings 2026-02-26 ROA 3.01%
ROE 8.23% ROIC — Gross Margin 29.97%
Oper. Margin 1.75% Profit Margin 1.16% Shs Outstand 1.67B
Shs Float 1.37B Short Float 2.04% Short Ratio 0.94
Short Interest — 52W High 34.08 52W Low 16.74
Beta 1.20 Avg Volume 21.59M Volume 24.38M
Target Price $29.51 Recom Buy Prev Close $18.58
Price $18.59 Change 0.05%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$29.51
Mean price target
2. Current target
$18.59
Latest analyst target
3. DCF / Fair value
$12.05
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$18.59
Low
$17.00
High
$38.50
Mean
$29.51

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-20 main Barclays Overweight → Overweight $23
2026-02-10 main Citigroup Buy → Buy $24
2025-11-11 main Barclays Overweight → Overweight $40
2025-11-06 main Mizuho Neutral → Neutral $32
2025-11-05 main B of A Securities Buy → Buy $38
2025-09-18 init Arete Research — → Buy $40
2025-08-20 main Morgan Stanley Overweight → Overweight $35
2025-05-27 main Morgan Stanley Overweight → Overweight $32
2025-05-08 main Barclays Overweight → Overweight $36
2025-02-27 main Barclays Overweight → Overweight $35
2025-02-26 main Mizuho Neutral → Neutral $27
2025-02-12 main Barclays Overweight → Overweight $34
2025-01-08 main Citigroup Buy → Buy $28
2024-10-07 up Bernstein Underperform → Outperform $30
2024-09-04 up CLSA Hold → Outperform $31
2024-06-26 main Morgan Stanley Overweight → Overweight $27
2024-05-16 up UBS Neutral → Buy $26
2024-05-09 main Barclays Overweight → Overweight $32
2024-05-08 main Citigroup Buy → Buy $28
2024-05-08 main Mizuho Neutral → Neutral $23
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 269588 — — Stock Award(Grant) at price 0.00 per share. ROGERS HAROLD General Counsel — 2026-02-11 00:00:00 D
1 190738 — — Stock Award(Grant) at price 0.00 per share. ANAND GAURAV Chief Financial Officer — 2026-02-11 00:00:00 D
2 2679 63278.0 — Sale at price 23.62 per share. LEE JONATHAN D Officer — 2026-01-02 00:00:00 D
3 75350 2186619.0 — Sale at price 29.02 per share. ANAND GAURAV Chief Financial Officer — 2025-11-10 00:00:00 D
4 11653 372608.0 — Sale at price 31.98 per share. KOLARI PRANAM Officer — 2025-11-03 00:00:00 D
5 64755 2075793.0 — Sale at price 32.06 per share. ROGERS HAROLD General Counsel — 2025-09-11 00:00:00 D
6 21428 686767.0 — Sale at price 32.05 per share. FRANCESCHI PEDRO Director — 2025-09-11 00:00:00 I
7 815797 26007626.0 — Sale at price 31.86 - 32.35 per share. SUN BENJAMIN Director — 2025-09-09 00:00:00 I
8 20000000 560000000.0 — Sale at price 28.00 per share. SVF INVESTMENTS UK, LTD. Beneficial Owner of more than 10% of a Class of Security — 2025-08-20 00:00:00 I
9 75350 2093803.0 — Sale at price 27.79 per share. ANAND GAURAV Chief Financial Officer — 2025-08-11 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.210.210.010.27
NormalizedEBITDA1.05B907.00M165.00M-1.30B
TotalUnusualItems9.23M-2.93M
TotalUnusualItemsExcludingGoodwill9.23M-2.93M
NetIncomeFromContinuingOperationNetMinorityInterest154.00M1.36B-92.00M-1.54B
ReconciledDepreciation433.00M275.00M231.00M201.00M
ReconciledCostOfRevenue21.44B18.19B15.87B15.46B
EBITDA1.05B907.00M165.00M-1.30B
EBIT613.00M632.00M-66.00M-1.50B
NetInterestIncome76.00M130.00M26.00M-36.00M
InterestExpense140.00M48.00M27.00M45.00M
InterestIncome216.00M178.00M53.00M9.00M
NormalizedIncome154.00M1.36B-92.00M-1.54B
NetIncomeFromContinuingAndDiscontinuedOperation154.00M1.36B-92.00M-1.54B
TotalExpenses29.83B23.91B20.70B19.90B
TotalOperatingIncomeAsReported436.00M473.00M-112.00M-1.49B
DilutedAverageShares1.83B1.80B1.76B1.42B
BasicAverageShares1.79B1.78B1.76B1.42B
DilutedEPS0.080.75-0.05-1.08
BasicEPS0.090.76-0.05-1.08
DilutedNIAvailtoComStockholders154.00M1.36B-92.00M-1.54B
NetIncomeCommonStockholders154.00M1.36B-92.00M-1.54B
OtherunderPreferredStockDividend0.000.00
NetIncome154.00M1.36B-92.00M-1.54B
MinorityInterests88.00M0.000.00
NetIncomeIncludingNoncontrollingInterests66.00M1.36B-92.00M-1.54B
NetIncomeContinuousOperations66.00M1.36B-92.00M-1.54B
TaxProvision407.00M-776.00M-1.00M1.00M
PretaxIncome473.00M584.00M-93.00M-1.54B
OtherIncomeExpense-39.00M-19.00M-7.00M-12.00M
OtherNonOperatingIncomeExpenses-39.00M-19.00M-7.00M-12.00M
GainOnSaleOfSecurity9.23M-2.93M
NetNonOperatingInterestIncomeExpense76.00M130.00M26.00M-36.00M
InterestExpenseNonOperating140.00M48.00M27.00M45.00M
InterestIncomeNonOperating216.00M178.00M53.00M9.00M
OperatingIncome436.00M473.00M-112.00M-1.49B
OperatingExpense8.39B5.72B4.82B4.45B
OtherOperatingExpenses5.72B4.82B4.45B
SellingGeneralAndAdministration5.72B4.82B4.45B
GeneralAndAdministrativeExpense5.72B4.82B4.45B
OtherGandA5.72B4.82B4.45B
GrossProfit8.83B6.19B4.71B2.95B
CostOfRevenue21.44B18.19B15.87B15.46B
TotalRevenue30.27B24.38B20.58B18.41B
OperatingRevenue23.87B21.22B18.34B16.49B
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber1.80B1.79B1.77B1.75B
ShareIssued1.80B1.79B1.77B1.75B
TotalDebt3.73B2.79B2.40B2.12B
TangibleBookValue3.83B4.05B2.41B2.18B
InvestedCapital5.64B5.10B3.26B2.81B
WorkingCapital1.28B947.00M767.00M892.52M
NetTangibleAssets3.83B4.05B2.41B2.18B
CapitalLeaseObligations2.19B1.77B1.56B1.49B
CommonStockEquity4.10B4.09B2.41B2.18B
TotalCapitalization5.09B4.62B2.95B2.46B
TotalEquityGrossMinorityInterest4.10B4.09B2.41B2.18B
MinorityInterest-1.00M0.00
StockholdersEquity4.10B4.09B2.41B2.18B
GainsLossesNotAffectingRetainedEarnings-404.00M-17.00M3.00M-47.74M
OtherEquityAdjustments-404.00M-17.00M3.00M-47.74M
RetainedEarnings-4.23B-4.38B-5.74B-5.65B
AdditionalPaidInCapital8.74B8.49B8.15B7.87B
CapitalStock0.000.000.00175.00K
CommonStock0.000.000.00175.00K
TotalLiabilitiesNetMinorityInterest11.24B9.26B7.10B6.47B
TotalNonCurrentLiabilitiesNetMinorityInterest3.53B2.31B2.04B1.72B
PreferredSecuritiesOutsideStockEquity75.00M15.00M0.000.00
EmployeeBenefits693.00M381.00M264.00M237.12M
NonCurrentPensionAndOtherPostretirementBenefitPlans693.00M381.00M264.00M237.12M
NonCurrentDeferredLiabilities237.12M
LongTermDebtAndCapitalLeaseObligation2.76B1.92B1.77B1.48B
LongTermCapitalLeaseObligation1.77B1.39B1.23B1.20B
LongTermDebt988.00M529.00M538.00M283.19M
CurrentLiabilities7.72B6.95B5.06B4.74B
OtherCurrentLiabilities593.00M526.00M420.00M266.71M
CurrentDeferredLiabilities141.00M97.00M92.00M93.97M
CurrentDeferredRevenue141.00M97.00M92.00M93.97M
CurrentDebtAndCapitalLeaseObligation967.00M871.00M630.00M636.59M
CurrentCapitalLeaseObligation422.00M386.00M326.00M287.07M
CurrentDebt545.00M485.00M304.00M349.53M
OtherCurrentBorrowings66.00M203.00M129.00M341.72M
LineOfCredit479.00M282.00M175.00M7.81M
PayablesAndAccruedExpenses6.01B5.45B3.92B3.75B
CurrentAccruedExpenses461.00M352.00M299.00M304.29M
Payables5.55B5.10B3.62B3.44B
AccountsPayable5.55B5.10B3.62B3.44B
TotalAssets15.34B13.35B9.51B8.64B
TotalNonCurrentAssets6.35B5.45B3.68B3.01B
OtherNonCurrentAssets628.00M426.00M418.00M282.87M
NonCurrentPrepaidAssets455.96M280.03M
NonCurrentDeferredAssets622.00M925.00M40.00M
NonCurrentDeferredTaxesAssets622.00M925.00M40.00M
GoodwillAndOtherIntangibleAssets271.00M37.00M9.74M
OtherIntangibleAssets271.00M37.00M
Goodwill9.74M
NetPPE4.83B4.07B3.23B2.72B
AccumulatedDepreciation-964.00M-637.00M-539.00M-408.99M
GrossPPE5.79B4.70B3.76B3.13B
Leases929.00M662.00M525.00M340.47M
ConstructionInProgress377.00M347.00M428.00M200.74M
OtherProperties2.02B1.60B1.41B1.37B
MachineryFurnitureEquipment1.28B1.02B808.00M754.47M
BuildingsAndImprovements794.00M751.00M302.00M320.06M
LandAndImprovements401.00M323.00M296.00M140.79M
Properties0.000.000.000.00
CurrentAssets8.99B7.89B5.83B5.64B
OtherCurrentAssets458.00M316.00M304.00M232.45M
RestrictedCash151.00M353.00M176.00M319.80M
Inventory2.10B1.67B1.66B1.42B
FinishedGoods2.10B1.67B1.66B1.42B
Receivables407.00M314.00M184.00M175.35M
AccountsReceivable407.00M314.00M184.00M175.35M
CashCashEquivalentsAndShortTermInvestments5.88B5.24B3.51B3.49B
CashAndCashEquivalents5.88B5.24B3.51B3.49B
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow1.01B1.76B-259.00M-1.08B
RepurchaseOfCapitalStock-178.00M0.000.000.00
RepaymentOfDebt-794.00M-392.00M-472.00M-338.00M
IssuanceOfDebt899.00M582.00M701.00M434.00M
IssuanceOfCapitalStock0.000.003.43B
CapitalExpenditure-879.00M-896.00M-824.00M-674.00M
InterestPaidSupplementalData85.00M31.00M19.00M21.00M
IncomeTaxPaidSupplementalData138.00M110.00M6.00M3.00M
EndCashPosition6.03B5.60B3.69B3.81B
BeginningCashPosition5.60B3.69B3.81B1.40B
EffectOfExchangeRateChanges-564.00M-14.00M-87.00M-81.00M
ChangesInCash998.00M1.92B-36.00M2.49B
FinancingCashFlow-69.00M199.00M247.00M3.58B
CashFlowFromContinuingFinancingActivities-69.00M199.00M247.00M3.58B
NetOtherFinancingCharges-12.00M
ProceedsFromStockOptionExercised4.00M9.00M18.00M62.00M
NetCommonStockIssuance-178.00M0.000.003.43B
CommonStockPayments-178.00M0.000.000.00
CommonStockIssuance0.000.003.43B
NetIssuancePaymentsOfDebt105.00M190.00M229.00M96.00M
NetShortTermDebtIssuance105.00M190.00M229.00M96.00M
ShortTermDebtPayments-794.00M-392.00M-472.00M-338.00M
ShortTermDebtIssuance899.00M582.00M701.00M434.00M
NetLongTermDebtIssuance77.15M239.36M
LongTermDebtPayments-446.38M-169.57M
LongTermDebtIssuance523.53M408.93M
InvestingCashFlow-819.00M-927.00M-848.00M-676.00M
CashFlowFromContinuingInvestingActivities-819.00M-927.00M-848.00M-676.00M
NetOtherInvestingChanges-17.00M-50.00M-37.00M-4.00M
NetBusinessPurchaseAndSale68.00M0.000.00
SaleOfBusiness68.00M0.000.00
NetPPEPurchaseAndSale-870.00M-877.00M-811.00M-672.00M
SaleOfPPE9.00M19.00M13.00M2.00M
PurchaseOfPPE-879.00M-896.00M-824.00M-674.00M
OperatingCashFlow1.89B2.65B565.00M-411.00M
CashFlowFromContinuingOperatingActivities1.89B2.65B565.00M-411.00M
ChangeInWorkingCapital35.00M938.00M-378.00M-68.00M
ChangeInOtherWorkingCapital14.02M
ChangeInOtherCurrentLiabilities-213.00M-289.00M-179.00M-177.00M
ChangeInOtherCurrentAssets-152.00M-153.00M-249.00M-178.00M
ChangeInPayablesAndAccruedExpense567.00M1.56B451.00M935.00M
ChangeInAccruedExpense60.00M43.00M7.00M207.00M
ChangeInPayable507.00M1.51B444.00M728.00M
ChangeInAccountPayable507.00M1.51B444.00M728.00M
ChangeInInventory-376.00M-44.00M-367.00M-528.00M
ChangeInReceivables209.00M-133.00M-34.00M-120.00M
ChangesInAccountReceivables209.00M-133.00M-34.00M-120.00M
OtherNonCashItems507.00M478.00M422.00M622.00M
StockBasedCompensation433.00M326.00M262.00M249.00M
DeferredTax225.00M-884.00M-41.00M0.00
DeferredIncomeTax225.00M-884.00M-41.00M0.00
DepreciationAmortizationDepletion433.00M275.00M231.00M201.00M
DepreciationAndAmortization433.00M275.00M231.00M201.00M
AmortizationCashFlow64.00M4.00M2.00M
AmortizationOfIntangibles64.00M4.00M2.00M
Depreciation369.00M271.00M229.00M
OperatingGainsLosses187.00M159.00M161.00M128.00M
PensionAndEmployeeBenefitExpense187.00M159.00M161.00M128.00M
NetIncomeFromContinuingOperations66.00M1.36B-92.00M-1.54B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for CPNG
Date User Asset Broker Type Position Size Entry Price Patterns