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Coupang (CPNG) Financials

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$21.55 -0.10 (-0.46%)
As of 03:58 PM Eastern
Annual Income Statements for Coupang

Annual Income Statements for Coupang

This table shows Coupang's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
-768 -556 -1,543 -92 1,360 154
Consolidated Net Income / (Loss)
-697 -463 -1,543 -92 1,360 154
Net Income / (Loss) Continuing Operations
-697 -463 -1,543 -92 1,360 66
Total Pre-Tax Income
-697 -463 -1,542 -93 584 473
Total Operating Income
-642 -516 -1,494 -112 473 436
Total Gross Profit
1,033 1,986 2,951 4,710 6,190 8,831
Total Revenue
6,273 11,967 18,406 20,583 24,383 30,268
Operating Revenue
- 11,967 18,406 20,583 24,383 30,268
Total Cost of Revenue
5,240 9,981 15,455 15,873 18,193 21,437
Operating Cost of Revenue
5,240 9,981 15,455 15,873 18,193 21,437
Total Operating Expenses
1,675 2,502 4,445 4,822 5,717 8,395
Selling, General & Admin Expense
1,675 2,502 4,445 4,822 5,717 8,395
Total Other Income / (Expense), net
-55 53 -48 19 111 37
Interest Expense
97 108 45 27 48 140
Interest & Investment Income
19 11 9.00 53 178 216
Other Income / (Expense), net
23 150 -12 -7.00 -19 -39
Income Tax Expense
-0.24 0.29 1.00 -1.00 -776 407
Net Income / (Loss) Attributable to Noncontrolling Interest
- - - 0.00 0.00 -88
Basic Earnings per Share
($39.48) ($19.16) ($1.08) ($0.05) $0.76 $0.09
Weighted Average Basic Shares Outstanding
19.46M 29.01M 1.42B 1.77B 1.78B 1.79B
Diluted Earnings per Share
($39.48) ($19.16) ($1.08) ($0.05) $0.75 $0.08
Weighted Average Diluted Shares Outstanding
19.46M 29.01M 1.42B 1.77B 1.80B 1.83B
Weighted Average Basic & Diluted Shares Outstanding
- - 1.76B 1.77B 1.79B 1.81B

Quarterly Income Statements for Coupang

This table shows Coupang's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
91 102 91 145 91 1,033 5.00 -77 70 156
Consolidated Net Income / (Loss)
91 102 91 145 91 1,033 -24 -105 64 219
Net Income / (Loss) Continuing Operations
91 102 91 145 91 1,033 -24 -105 64 131
Total Pre-Tax Income
98 94 124 171 117 172 59 3.00 132 279
Total Operating Income
77 83 107 148 88 130 40 -25 109 312
Total Gross Profit
1,234 1,279 1,420 1,524 1,566 1,680 1,929 2,142 2,269 2,491
Total Revenue
5,101 5,327 5,801 5,838 6,184 6,560 7,114 7,323 7,866 7,965
Total Cost of Revenue
3,867 4,048 4,381 4,314 4,618 4,880 5,185 5,181 5,597 5,474
Operating Cost of Revenue
3,867 4,048 4,381 4,314 4,618 4,880 5,185 5,181 5,597 5,474
Total Operating Expenses
1,156 1,195 1,313 1,376 1,478 1,550 1,889 2,167 2,160 2,179
Selling, General & Admin Expense
1,156 1,195 1,313 1,376 1,478 1,550 1,889 2,167 2,160 2,179
Total Other Income / (Expense), net
20 10 17 23 29 42 19 28 23 -33
Interest Expense
6.49 7.00 8.00 13 13 14 27 37 36 40
Interest & Investment Income
15 27 32 42 50 54 55 53 55 53
Other Income / (Expense), net
11 -9.49 -7.00 -6.00 -8.00 2.00 -9.00 12 4.00 -46
Income Tax Expense
6.88 -8.47 33 26 26 -861 83 108 68 148
Net Income / (Loss) Attributable to Noncontrolling Interest
- - 0.00 0.00 0.00 - -29 -28 -6.00 -25
Basic Earnings per Share
$0.05 $0.06 $0.05 $0.08 $0.05 $0.58 $0.00 ($0.04) $0.04 $0.09
Weighted Average Basic Shares Outstanding
1.77B 1.77B 1.78B 1.78B 1.78B 1.78B 1.79B 1.79B 1.80B 1.79B
Diluted Earnings per Share
$0.05 $0.06 $0.05 $0.08 $0.05 $0.57 $0.00 ($0.04) $0.04 $0.08
Weighted Average Diluted Shares Outstanding
1.79B 1.77B 1.79B 1.80B 1.81B 1.80B 1.82B 1.79B 1.83B 1.83B
Weighted Average Basic & Diluted Shares Outstanding
1.77B 1.77B 1.78B 1.78B 1.79B 1.79B 1.79B 1.79B 1.80B 1.81B

Annual Cash Flow Statements for Coupang

This table details how cash moves in and out of Coupang's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
632 30 2,409 -123 1,910 434
Net Cash From Operating Activities
-312 302 -411 565 2,652 1,886
Net Cash From Continuing Operating Activities
-312 302 -411 565 2,652 1,886
Net Income / (Loss) Continuing Operations
-697 -463 -1,543 -92 1,360 66
Consolidated Net Income / (Loss)
-697 -463 -1,543 -92 1,360 66
Depreciation Expense
71 128 201 231 275 433
Amortization Expense
- 155 259 310 338 432
Non-Cash Adjustments To Reconcile Net Income
220 99 740 535 625 695
Changes in Operating Assets and Liabilities, net
94 383 -68 -419 54 260
Net Cash From Investing Activities
-218 -521 -676 -848 -927 -819
Net Cash From Continuing Investing Activities
-218 -521 -676 -848 -927 -819
Purchase of Property, Plant & Equipment
-218 -485 -674 -824 -896 -879
Acquisitions
- - - 0.00 0.00 68
Sale of Property, Plant & Equipment
3.54 0.51 2.00 13 19 9.00
Other Investing Activities, net
-3.94 -37 -4.00 -37 -50 -17
Net Cash From Financing Activities
1,184 179 3,577 247 199 -69
Net Cash From Continuing Financing Activities
1,184 179 3,577 247 199 -69
Repayment of Debt
-350 -40 -338 -472 -382 -752
Repurchase of Common Equity
-115 -97 -12 0.00 0.00 -178
Issuance of Debt
132 287 434 701 572 857
Issuance of Common Equity
1,516 29 3,493 18 9.00 4.00
Effect of Exchange Rate Changes
-22 70 -81 -87 -14 -564

Quarterly Cash Flow Statements for Coupang

This table details how cash moves in and out of Coupang's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
-212 627 437 620 517 336 -23 220 168 69
Net Cash From Operating Activities
58 580 501 820 722 609 212 664 334 676
Net Cash From Continuing Operating Activities
58 580 501 820 722 609 212 664 334 676
Net Income / (Loss) Continuing Operations
91 102 91 145 91 1,033 -24 -105 64 131
Consolidated Net Income / (Loss)
91 102 - - 91 1,033 -24 -105 64 131
Depreciation Expense
54 57 64 66 68 77 95 106 112 120
Amortization Expense
76 79 84 79 85 90 - - 114 107
Non-Cash Adjustments To Reconcile Net Income
93 163 138 179 140 168 278 127 219 71
Changes in Operating Assets and Liabilities, net
-255 180 124 351 338 -759 -137 325 -175 247
Net Cash From Investing Activities
-289 -130 -83 -429 -152 -263 -117 -178 -383 -141
Net Cash From Continuing Investing Activities
-289 -130 -83 -429 -152 -263 -117 -178 -383 -141
Purchase of Property, Plant & Equipment
-283 -121 -95 -377 -190 -234 -107 -178 -380 -214
Sale of Property, Plant & Equipment
2.79 2.40 1.00 6.00 5.00 7.00 2.00 2.00 4.00 1.00
Other Investing Activities, net
-8.15 -11 11 -58 33 -36 -80 -2.00 -7.00 72
Net Cash From Financing Activities
146 21 78 251 33 -163 52 -132 -9.00 20
Net Cash From Continuing Financing Activities
146 21 78 251 33 -163 52 -132 -9.00 20
Repayment of Debt
3.44 -140 43 -38 -67 -320 37 -44 -332 -413
Issuance of Debt
140 158 32 287 98 155 14 90 321 432
Issuance of Common Equity
2.63 3.00 3.00 2.00 2.00 2.00 1.00 - 2.00 1.00
Effect of Exchange Rate Changes
-127 156 -59 -22 -86 153 -170 -134 226 -486

Annual Balance Sheets for Coupang

This table presents Coupang's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Total Assets
5,067 8,642 9,513 13,346 15,344
Total Current Assets
2,841 5,637 5,830 7,892 8,994
Cash & Equivalents
1,251 3,488 3,509 5,243 5,879
Restricted Cash
145 320 176 353 151
Accounts Receivable
71 175 184 314 407
Inventories, net
1,161 1,422 1,657 1,666 2,099
Prepaid Expenses
- - 304 316 458
Plant, Property, & Equipment, net
0.00 0.00 1,820 2,465 2,813
Total Noncurrent Assets
2,227 3,005 1,863 2,989 3,537
Intangible Assets
- - - 37 271
Noncurrent Deferred & Refundable Income Taxes
- - 40 925 622
Other Noncurrent Operating Assets
2,217 1,628 1,823 2,027 2,644
Total Liabilities & Shareholders' Equity
5,067 8,642 9,513 13,346 15,344
Total Liabilities
5,671 6,466 7,099 9,242 11,167
Total Current Liabilities
3,733 4,744 5,063 6,945 7,716
Short-Term Debt
431 637 304 485 967
Accounts Payable
2,908 3,443 3,622 5,099 5,554
Accrued Expenses
116 304 299 352 461
Current Deferred Revenue
65 94 92 97 141
Other Current Liabilities
212 267 746 912 593
Total Noncurrent Liabilities
1,938 1,722 2,036 2,297 3,451
Long-Term Debt
943 283 538 529 988
Noncurrent Employee Benefit Liabilities
135 237 264 381 693
Other Noncurrent Operating Liabilities
859 - 1,234 1,387 1,770
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
3,466 - 0.00 15 75
Total Equity & Noncontrolling Interests
-4,069 2,176 2,414 4,089 4,102
Total Preferred & Common Equity
-4,069 2,176 2,414 4,089 4,103
Total Common Equity
-4,069 2,176 2,414 4,089 4,103
Common Stock
70 7,874 8,154 8,489 8,736
Retained Earnings
-4,108 -5,651 -5,743 -4,383 -4,229
Accumulated Other Comprehensive Income / (Loss)
-31 -48 3.00 -17 -404
Noncontrolling Interest
- - - 0.00 -1.00

Quarterly Balance Sheets for Coupang

This table presents Coupang's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
8,127 9,710 10,687 11,563 14,949 15,195 16,342
Total Current Assets
4,928 6,115 6,717 7,430 8,569 8,809 9,212
Cash & Equivalents
2,903 3,792 4,473 4,858 5,226 5,536 5,822
Restricted Cash
157 330 269 400 347 257 139
Accounts Receivable
169 127 139 285 601 547 517
Inventories, net
1,406 1,667 1,565 1,641 1,938 1,992 2,181
Prepaid Expenses
- 198 270 246 457 477 553
Plant, Property, & Equipment, net
1,540 1,811 2,119 2,201 2,509 2,563 2,997
Total Noncurrent Assets
1,659 1,784 1,851 1,932 3,871 3,823 4,133
Intangible Assets
- - - - 349 319 306
Noncurrent Deferred & Refundable Income Taxes
- - - - 841 757 764
Other Noncurrent Operating Assets
1,648 442 422 446 2,681 2,747 3,063
Total Liabilities & Shareholders' Equity
8,127 9,710 10,687 11,563 14,949 15,195 16,342
Total Liabilities
5,955 7,150 7,912 8,634 10,750 11,248 12,065
Total Current Liabilities
4,029 5,174 5,643 6,506 7,435 7,858 8,185
Short-Term Debt
440 692 750 966 887 501 401
Accounts Payable
2,941 3,685 4,077 4,616 5,370 5,621 5,899
Accrued Expenses
249 247 272 312 388 516 473
Current Deferred Revenue
129 93 93 86 135 139 191
Other Current Liabilities
270 457 452 527 655 1,081 1,221
Total Noncurrent Liabilities
1,925 1,976 2,268 2,129 3,315 3,390 3,880
Long-Term Debt
561 523 719 528 1,062 1,047 1,194
Noncurrent Employee Benefit Liabilities
222 275 294 306 585 603 716
Other Noncurrent Operating Liabilities
1,142 - - - 1,668 1,740 1,970
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
- - - - 114 92 84
Total Equity & Noncontrolling Interests
2,172 2,560 2,775 2,928 4,085 3,855 4,193
Total Preferred & Common Equity
2,172 2,560 2,775 2,928 4,079 3,856 4,189
Total Common Equity
2,172 2,560 2,775 2,928 4,079 3,856 4,189
Common Stock
8,081 8,228 8,316 8,402 8,578 8,509 8,625
Retained Earnings
-5,845 -5,652 -5,507 -5,415 -4,378 -4,455 -4,385
Accumulated Other Comprehensive Income / (Loss)
-64 -16 -34 -59 -121 -198 -51
Noncontrolling Interest
- - - - 6.00 -1.00 4.00

Annual Metrics and Ratios for Coupang

This table displays calculated financial ratios and metrics derived from Coupang's official financial filings.

Metric 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - -
Revenue Growth
0.00% 90.77% 53.80% 11.83% 18.46% 24.14%
EBITDA Growth
0.00% 84.71% -1,147.67% 140.34% 152.84% 18.28%
EBIT Growth
0.00% 40.89% -311.37% 92.10% 481.51% -12.56%
NOPAT Growth
0.00% 19.62% -189.54% 92.50% 1,504.98% -94.48%
Net Income Growth
0.00% 33.54% -233.15% 94.04% 1,578.26% -88.68%
EPS Growth
0.00% 51.47% 94.36% 95.37% 1,600.00% -89.33%
Operating Cash Flow Growth
0.00% 196.70% -236.29% 237.47% 369.38% -28.88%
Free Cash Flow Firm Growth
0.00% 0.00% -904.71% 138.72% 37.41% -145.12%
Invested Capital Growth
0.00% 0.00% 177.26% -188.15% -11.42% 121.34%
Revenue Q/Q Growth
0.00% 0.00% 7.43% 1.23% 5.33% 4.87%
EBITDA Q/Q Growth
0.00% 0.00% -7.63% 215.65% 9.15% 18.16%
EBIT Q/Q Growth
0.00% 0.00% -29.86% 79.97% 14.66% 50.95%
NOPAT Q/Q Growth
0.00% 0.00% -21.63% 81.08% 204.38% -90.94%
Net Income Q/Q Growth
0.00% 0.00% -26.44% 84.65% 216.94% -84.09%
EPS Q/Q Growth
0.00% 0.00% 62.37% -150.00% 212.50% -85.96%
Operating Cash Flow Q/Q Growth
0.00% 0.00% -114.77% 358.93% 1.10% 3.68%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% 167.20% 5,970.95% -142.66%
Invested Capital Q/Q Growth
0.00% 0.00% 167.76% -478.94% -204.79% 214.61%
Profitability Metrics
- - - - - -
Gross Margin
16.47% 16.60% 16.03% 22.88% 25.39% 29.18%
EBITDA Margin
-8.74% -0.70% -5.68% 2.05% 4.38% 4.17%
Operating Margin
-10.23% -4.31% -8.12% -0.54% 1.94% 1.44%
EBIT Margin
-9.87% -3.06% -8.18% -0.58% 1.86% 1.31%
Profit (Net Income) Margin
-11.11% -3.87% -8.38% -0.45% 5.58% 0.51%
Tax Burden Percent
99.97% 100.06% 100.06% 98.92% 232.88% 32.56%
Interest Burden Percent
112.56% 126.43% 102.39% 78.15% 128.63% 119.14%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% -132.88% 86.05%
Return on Invested Capital (ROIC)
0.00% 0.00% 0.00% -271.89% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 0.00% -271.29% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% 0.00% 267.88% 0.00% 0.00%
Return on Equity (ROE)
0.00% 76.78% -196.22% -4.01% 41.73% 3.72%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% -444.32% 0.00% 0.00% -508.98%
Operating Return on Assets (OROA)
0.00% -7.22% -21.97% -1.31% 3.97% 2.77%
Return on Assets (ROA)
0.00% -9.14% -22.51% -1.01% 11.90% 1.07%
Return on Common Equity (ROCE)
0.00% 517.85% 236.17% -4.01% 41.63% 3.68%
Return on Equity Simple (ROE_SIMPLE)
0.00% 11.38% -70.91% -3.81% 33.26% 3.75%
Net Operating Profit after Tax (NOPAT)
-449 -361 -1,046 -78 1,102 61
NOPAT Margin
-7.16% -3.02% -5.68% -0.38% 4.52% 0.20%
Net Nonoperating Expense Percent (NNEP)
0.00% -764.93% -57.95% -0.60% 6.96% 2.15%
Return On Investment Capital (ROIC_SIMPLE)
- - - -2.41% 21.59% 1.00%
Cost of Revenue to Revenue
83.53% 83.40% 83.97% 77.12% 74.61% 70.82%
SG&A Expenses to Revenue
26.70% 20.91% 24.15% 23.43% 23.45% 27.74%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
26.70% 20.91% 24.15% 23.43% 23.45% 27.74%
Earnings before Interest and Taxes (EBIT)
-619 -366 -1,506 -119 454 397
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-548 -84 -1,046 422 1,067 1,262
Valuation Ratios
- - - - - -
Price to Book Value (P/BV)
0.00 0.00 23.65 10.79 7.08 9.64
Price to Tangible Book Value (P/TBV)
0.00 0.00 23.65 10.79 7.14 10.32
Price to Revenue (P/Rev)
0.73 0.38 2.80 1.27 1.19 1.31
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 21.28 256.75
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 4.70% 0.39%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 102.27 0.00 0.00 348.41
Enterprise Value to Revenue (EV/Rev)
0.00 0.67 2.70 1.13 1.00 1.17
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 54.97 22.85 28.16
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 53.69 89.52
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 22.13 584.15
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 26.51 0.00 41.06 9.19 18.84
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 29.75 0.00 27.71 21.19 0.00
Leverage & Solvency
- - - - - -
Debt to Equity
0.00 -2.28 0.97 0.35 0.25 0.47
Long-Term Debt to Equity
0.00 -1.56 0.68 0.22 0.13 0.24
Financial Leverage
0.00 0.04 -1.09 -0.99 -1.14 -1.05
Leverage Ratio
0.00 -8.40 8.72 3.96 3.51 3.46
Compound Leverage Factor
0.00 -10.62 8.93 3.09 4.51 4.13
Debt to Total Capital
0.00% 178.20% 49.36% 25.86% 19.81% 31.88%
Short-Term Debt to Total Capital
0.00% 55.93% 14.81% 9.34% 9.48% 15.77%
Long-Term Debt to Total Capital
0.00% 122.27% 34.55% 16.52% 10.34% 16.11%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 449.27% 0.00% 0.00% 0.29% 1.21%
Common Equity to Total Capital
0.00% -527.47% 50.64% 74.14% 79.89% 66.91%
Debt to EBITDA
0.00 -16.40 -2.03 2.00 0.95 1.55
Net Debt to EBITDA
0.00 0.26 1.61 -6.74 -4.29 -3.23
Long-Term Debt to EBITDA
0.00 -11.25 -1.42 1.27 0.50 0.78
Debt to NOPAT
0.00 -3.81 -2.03 -10.74 0.92 32.13
Net Debt to NOPAT
0.00 0.06 1.61 36.26 -4.16 -66.98
Long-Term Debt to NOPAT
0.00 -2.61 -1.42 -6.86 0.48 16.24
Altman Z-Score
0.00 1.26 5.54 3.57 3.44 3.90
Noncontrolling Interest Sharing Ratio
0.00% -574.49% 220.36% 0.00% 0.23% 1.07%
Liquidity Ratios
- - - - - -
Current Ratio
0.00 0.76 1.19 1.15 1.14 1.17
Quick Ratio
0.00 0.35 0.77 0.73 0.80 0.81
Cash Flow Metrics
- - - - - -
Free Cash Flow to Firm (FCFF)
0.00 269 -2,162 837 1,151 -519
Operating Cash Flow to CapEx
-145.53% 62.29% -61.16% 69.67% 302.39% 216.78%
Free Cash Flow to Firm to Interest Expense
0.00 2.49 -48.05 31.01 23.97 -3.71
Operating Cash Flow to Interest Expense
-3.22 2.80 -9.13 20.93 55.25 13.47
Operating Cash Flow Less CapEx to Interest Expense
-5.43 -1.69 -24.07 -9.11 36.98 7.26
Efficiency Ratios
- - - - - -
Asset Turnover
0.00 2.36 2.69 2.27 2.13 2.11
Accounts Receivable Turnover
0.00 167.95 149.27 114.56 97.92 83.96
Inventory Turnover
0.00 8.60 11.97 10.31 10.95 11.39
Fixed Asset Turnover
0.00 0.00 0.00 0.00 11.38 11.47
Accounts Payable Turnover
0.00 3.43 4.87 4.49 4.17 4.02
Days Sales Outstanding (DSO)
0.00 2.17 2.45 3.19 3.73 4.35
Days Inventory Outstanding (DIO)
0.00 42.46 30.50 35.40 33.33 32.05
Days Payable Outstanding (DPO)
0.00 106.34 74.99 81.23 87.48 90.69
Cash Conversion Cycle (CCC)
0.00 -61.70 -42.05 -42.65 -50.42 -54.29
Capital & Investment Metrics
- - - - - -
Invested Capital
0.00 -630 487 -429 -478 102
Invested Capital Turnover
0.00 -38.00 -257.00 713.81 -53.77 -161.00
Increase / (Decrease) in Invested Capital
0.00 -630 1,117 -916 -49 580
Enterprise Value (EV)
0.00 7,994 49,771 23,198 24,377 35,538
Market Capitalization
4,550 4,550 51,457 26,041 28,944 39,539
Book Value per Share
$0.00 ($140.25) $1.24 $1.36 $2.29 $2.28
Tangible Book Value per Share
$0.00 ($140.39) $1.24 $1.36 $2.27 $2.13
Total Capital
0.00 771 4,297 3,256 5,118 6,132
Total Debt
0.00 1,375 2,121 842 1,014 1,955
Total Long-Term Debt
0.00 943 1,484 538 529 988
Net Debt
0.00 -22 -1,686 -2,843 -4,582 -4,075
Capital Expenditures (CapEx)
214 484 672 811 877 870
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 -1,857 -2,278 -2,614 -4,164 -3,785
Debt-free Net Working Capital (DFNWC)
0.00 -461 1,529 1,071 1,432 2,245
Net Working Capital (NWC)
0.00 -892 893 767 947 1,278
Net Nonoperating Expense (NNE)
248 102 497 14 -258 -93
Net Nonoperating Obligations (NNO)
0.00 -27 -1,689 -2,843 -4,582 -4,075
Total Depreciation and Amortization (D&A)
71 282 460 541 613 865
Debt-free, Cash-free Net Working Capital to Revenue
0.00% -15.52% -12.38% -12.70% -17.08% -12.51%
Debt-free Net Working Capital to Revenue
0.00% -3.85% 8.31% 5.20% 5.87% 7.42%
Net Working Capital to Revenue
0.00% -7.45% 4.85% 3.73% 3.88% 4.22%
Earnings Adjustments
- - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 ($1.08) ($0.05) $0.76 $0.09
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 1.42B 1.76B 1.78B 1.79B
Adjusted Diluted Earnings per Share
$0.00 $0.00 ($1.08) ($0.05) $0.75 $0.08
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 1.42B 1.76B 1.80B 1.83B
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 1.76B 1.77B 1.79B 1.81B
Normalized Net Operating Profit after Tax (NOPAT)
-449 -361 -1,046 -78 331 305
Normalized NOPAT Margin
-7.16% -3.02% -5.68% -0.38% 1.36% 1.01%
Pre Tax Income Margin
-11.11% -3.87% -8.38% -0.45% 2.40% 1.56%
Debt Service Ratios
- - - - - -
EBIT to Interest Expense
-6.39 -3.40 -33.47 -4.41 9.46 2.84
NOPAT to Interest Expense
-4.64 -3.35 -23.24 -2.90 22.95 0.43
EBIT Less CapEx to Interest Expense
-8.60 -7.89 -48.40 -34.44 -8.81 -3.38
NOPAT Less CapEx to Interest Expense
-6.85 -7.84 -38.17 -32.94 4.68 -5.78
Payout Ratios
- - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
-16.45% -20.95% -0.78% 0.00% 0.00% 115.58%

Quarterly Metrics and Ratios for Coupang

This table displays calculated financial ratios and metrics derived from Coupang's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
9.83% 4.94% 13.37% 15.88% 21.22% 23.14% 22.63% 25.44% 27.20% 21.42%
EBITDA Growth
181.73% 160.56% 460.72% 359.27% 6.53% 42.69% -49.19% -67.60% 45.49% 64.88%
EBIT Growth
127.78% 118.43% 148.73% 285.93% -9.75% 78.52% -69.00% -109.15% 41.25% 101.52%
NOPAT Growth
132.62% 132.77% 154.53% 367.01% -4.88% 758.23% -120.72% 597.23% -22.79% -81.24%
Net Income Growth
127.99% 125.19% 143.48% 292.08% 0.35% 911.69% -126.37% -172.41% -29.67% -78.80%
EPS Growth
126.32% -33.33% 141.67% 300.00% 0.00% 850.00% -100.00% -150.00% -20.00% -85.96%
Operating Cash Flow Growth
205.05% 385.50% 1,011.92% 4,590.20% 1,141.32% 4.99% -57.68% -19.02% -53.74% 11.00%
Free Cash Flow Firm Growth
-252.61% 172.20% -2,108.70% -57.71% 63.86% -17.57% 118.58% 318.50% 317.86% -152.24%
Invested Capital Growth
115.76% -188.15% 256.78% 398.91% 302.92% -11.42% -30.63% -139.45% -119.51% 121.34%
Revenue Q/Q Growth
1.26% 4.43% 8.89% 0.64% 5.93% 6.08% 8.44% 2.94% 7.42% 1.26%
EBITDA Q/Q Growth
250.00% -4.19% 18.35% 15.73% -18.82% 28.33% -57.94% -26.19% 264.52% 45.43%
EBIT Q/Q Growth
216.07% -16.58% 35.24% 42.00% -43.66% 65.00% -76.57% -141.94% 969.23% 135.40%
NOPAT Q/Q Growth
253.10% 26.42% -13.68% 59.82% -45.46% 1,040.71% -102.08% 5,477.60% -93.96% 177.20%
Net Income Q/Q Growth
220.12% 12.60% -10.88% 59.34% -37.24% 1,035.16% -102.32% -337.50% 160.95% 242.19%
EPS Q/Q Growth
225.00% 20.00% -16.67% 60.00% -37.50% 1,040.00% -100.00% 0.00% 200.00% 100.00%
Operating Cash Flow Q/Q Growth
418.50% 897.24% -13.63% 63.67% -11.95% -15.65% -65.21% 213.21% -49.70% 102.40%
Free Cash Flow Firm Q/Q Growth
-35.72% 232.54% -227.07% 31.01% 68.90% 402.29% -71.40% 711.34% -68.99% -172.49%
Invested Capital Q/Q Growth
144.80% -478.94% 293.23% -8.88% -39.61% -204.79% 220.29% -151.83% 70.13% 214.61%
Profitability Metrics
- - - - - - - - - -
Gross Margin
24.19% 24.01% 24.48% 26.10% 25.32% 25.61% 27.12% 29.25% 28.85% 31.27%
EBITDA Margin
4.29% 3.93% 4.28% 4.92% 3.77% 4.56% 1.77% 1.27% 4.31% 6.19%
Operating Margin
1.52% 1.57% 1.84% 2.54% 1.42% 1.98% 0.56% -0.34% 1.39% 3.92%
EBIT Margin
1.74% 1.39% 1.72% 2.43% 1.29% 2.01% 0.44% -0.18% 1.44% 3.34%
Profit (Net Income) Margin
1.78% 1.92% 1.57% 2.48% 1.47% 15.75% -0.34% -1.43% 0.81% 2.75%
Tax Burden Percent
92.95% 109.04% 73.39% 84.80% 77.78% 600.58% -40.68% -3,500.00% 48.48% 78.49%
Interest Burden Percent
110.06% 126.64% 124.00% 120.42% 146.25% 130.30% 190.32% -23.08% 116.81% 104.89%
Effective Tax Rate
7.06% -9.04% 26.61% 15.20% 22.22% -500.58% 140.68% 3,600.00% 51.52% 53.05%
Return on Invested Capital (ROIC)
0.00% 1,218.98% 191.78% 188.76% 90.01% 0.00% -8.37% 1,420.36% 105.64% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 1,218.49% 191.20% 187.86% 89.01% 0.00% -8.08% 1,451.64% 105.31% 0.00%
Return on Net Nonoperating Assets (RNNOA)
0.00% -1,203.18% -178.71% -168.37% -79.07% 0.00% 6.40% -1,352.89% -99.94% 0.00%
Return on Equity (ROE)
-25.29% 15.80% 13.07% 20.39% 10.93% 41.73% -1.97% 67.47% 5.69% 3.72%
Cash Return on Invested Capital (CROIC)
-1,100.51% 0.00% -142.77% -84.90% 6.66% 0.00% 174.92% 0.00% 0.00% -508.98%
Operating Return on Assets (OROA)
4.23% 3.15% 3.98% 5.62% 3.04% 4.29% 0.91% -0.37% 2.97% 7.05%
Return on Assets (ROA)
4.32% 4.35% 3.63% 5.74% 3.46% 33.59% -0.70% -3.01% 1.68% 5.80%
Return on Common Equity (ROCE)
-25.29% 15.80% 13.07% 20.39% 10.93% 41.63% -1.93% 66.55% 5.62% 3.68%
Return on Equity Simple (ROE_SIMPLE)
-27.60% 0.00% 8.14% 15.45% 14.65% 0.00% 30.52% 25.80% 23.11% 0.00%
Net Operating Profit after Tax (NOPAT)
72 91 79 125 68 781 -16 875 53 146
NOPAT Margin
1.41% 1.71% 1.35% 2.15% 1.11% 11.90% -0.23% 11.95% 0.67% 1.84%
Net Nonoperating Expense Percent (NNEP)
0.70% 0.49% 0.58% 0.90% 1.00% 6.79% -0.29% -31.28% 0.33% 1.68%
Return On Investment Capital (ROIC_SIMPLE)
- 2.79% - - - 15.30% - - - 2.42%
Cost of Revenue to Revenue
75.81% 75.99% 75.52% 73.90% 74.68% 74.39% 72.88% 70.75% 71.15% 68.73%
SG&A Expenses to Revenue
22.67% 22.44% 22.63% 23.57% 23.90% 23.63% 26.55% 29.59% 27.46% 27.36%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
22.67% 22.44% 22.63% 23.57% 23.90% 23.63% 26.55% 29.59% 27.46% 27.36%
Earnings before Interest and Taxes (EBIT)
89 74 100 142 80 132 31 -13 113 266
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
219 210 248 287 233 299 126 93 339 493
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
13.56 10.79 11.09 11.15 10.36 7.08 7.80 9.71 10.51 9.64
Price to Tangible Book Value (P/TBV)
13.62 10.79 11.09 11.15 10.36 7.14 8.53 10.59 11.34 10.32
Price to Revenue (P/Rev)
1.45 1.27 1.33 1.40 1.31 1.19 1.24 1.38 1.53 1.31
Price to Earnings (P/E)
0.00 0.00 136.29 72.19 70.67 21.28 24.96 35.61 42.71 256.75
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.73% 1.39% 1.42% 4.70% 4.01% 2.81% 2.34% 0.39%
Enterprise Value to Invested Capital (EV/IC)
241.96 0.00 32.16 38.31 61.06 0.00 49.22 0.00 0.00 348.41
Enterprise Value to Revenue (EV/Rev)
1.35 1.13 1.25 1.31 1.20 1.00 1.10 1.23 1.38 1.17
Enterprise Value to EBITDA (EV/EBITDA)
0.00 54.97 36.09 30.04 28.49 22.85 40.96 34.62 37.23 28.16
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 143.16 71.51 70.35 53.69 73.51 144.80 151.17 89.52
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 153.07 78.89 76.97 22.13 29.06 50.42 59.18 584.15
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 41.06 23.78 14.77 10.62 9.19 11.98 15.09 21.86 18.84
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 27.71 0.00 0.00 1,469.78 21.19 23.05 19.43 32.67 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.46 0.35 0.93 0.98 0.95 0.25 0.46 0.39 0.37 0.47
Long-Term Debt to Equity
0.26 0.22 0.66 0.71 0.62 0.13 0.25 0.27 0.28 0.24
Financial Leverage
-1.13 -0.99 -0.93 -0.90 -0.89 -1.14 -0.79 -0.93 -0.95 -1.05
Leverage Ratio
3.53 3.96 4.00 3.95 3.86 3.51 3.65 3.85 3.87 3.46
Compound Leverage Factor
3.88 5.01 4.96 4.75 5.65 4.57 6.94 -0.89 4.52 3.63
Debt to Total Capital
31.56% 25.86% 48.31% 49.53% 48.78% 19.81% 31.70% 28.17% 27.16% 31.88%
Short-Term Debt to Total Capital
13.88% 9.34% 13.97% 13.63% 16.89% 9.48% 14.43% 9.12% 6.83% 15.77%
Long-Term Debt to Total Capital
17.68% 16.52% 34.34% 35.90% 31.89% 10.34% 17.27% 19.05% 20.33% 16.11%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.29% 1.95% 1.66% 1.50% 1.21%
Common Equity to Total Capital
68.44% 74.14% 51.69% 50.47% 51.22% 79.89% 66.35% 70.17% 71.34% 66.91%
Debt to EBITDA
-2.74 2.00 3.24 2.83 2.85 0.95 2.82 1.61 1.49 1.55
Net Debt to EBITDA
5.64 -6.74 -2.34 -2.10 -2.53 -4.29 -5.24 -4.41 -4.09 -3.23
Long-Term Debt to EBITDA
-1.54 1.27 2.30 2.05 1.86 0.50 1.54 1.09 1.12 0.78
Debt to NOPAT
-2.42 -10.74 13.74 7.43 7.71 0.92 2.00 2.34 2.37 32.13
Net Debt to NOPAT
4.97 36.26 -9.93 -5.50 -6.82 -4.16 -3.72 -6.43 -6.50 -66.98
Long-Term Debt to NOPAT
-1.35 -6.86 9.77 5.38 5.04 0.48 1.09 1.59 1.78 16.24
Altman Z-Score
4.63 3.64 3.91 3.86 3.57 3.36 3.18 3.45 3.68 3.87
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.23% 1.78% 1.35% 1.22% 1.07%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.22 1.15 1.18 1.19 1.14 1.14 1.15 1.12 1.13 1.17
Quick Ratio
0.76 0.73 0.76 0.82 0.79 0.80 0.78 0.77 0.77 0.81
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-759 1,007 -1,279 -883 -274 830 238 1,928 598 -434
Operating Cash Flow to CapEx
20.73% 489.38% 532.98% 221.02% 390.27% 268.28% 201.90% 377.27% 88.83% 317.37%
Free Cash Flow to Firm to Interest Expense
-117.11 143.72 -159.89 -67.89 -21.11 59.27 8.80 52.12 16.61 -10.84
Operating Cash Flow to Interest Expense
8.97 82.82 62.63 63.08 55.54 43.50 7.85 17.95 9.28 16.90
Operating Cash Flow Less CapEx to Interest Expense
-34.30 65.89 50.88 34.54 41.31 27.29 3.96 13.19 -1.17 11.58
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
2.43 2.27 2.31 2.31 2.35 2.13 2.08 2.10 2.07 2.11
Accounts Receivable Turnover
133.88 114.56 142.98 135.18 101.87 97.92 70.60 79.26 71.97 83.96
Inventory Turnover
12.29 10.31 10.63 11.01 11.40 10.95 10.54 11.17 10.91 11.39
Fixed Asset Turnover
15.02 0.00 13.14 12.29 12.38 11.38 11.90 11.61 11.11 11.47
Accounts Payable Turnover
5.23 4.49 4.61 4.51 4.60 4.17 4.20 4.10 3.96 4.02
Days Sales Outstanding (DSO)
2.73 3.19 2.55 2.70 3.58 3.73 5.17 4.61 5.07 4.35
Days Inventory Outstanding (DIO)
29.69 35.40 34.35 33.15 32.03 33.33 34.63 32.68 33.46 32.05
Days Payable Outstanding (DPO)
69.82 81.23 79.12 80.99 79.43 87.48 86.99 89.10 92.07 90.69
Cash Conversion Cycle (CCC)
-37.40 -42.65 -42.22 -45.14 -43.82 -50.42 -47.19 -51.81 -53.54 -54.29
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
113 -429 829 755 456 -478 575 -298 -89 102
Invested Capital Turnover
-67.21 713.81 141.68 87.81 81.32 -53.77 36.61 118.87 157.23 -161.00
Increase / (Decrease) in Invested Capital
831 -916 1,358 1,008 343 -49 -254 -1,053 -545 580
Enterprise Value (EV)
27,392 23,198 26,658 28,934 27,854 24,377 28,301 33,304 39,757 35,538
Market Capitalization
29,451 26,041 28,388 30,952 30,324 28,944 31,805 37,458 44,035 39,539
Book Value per Share
$1.23 $1.36 $1.44 $1.56 $1.64 $2.29 $2.27 $2.16 $2.34 $2.28
Tangible Book Value per Share
$1.22 $1.36 $1.44 $1.56 $1.64 $2.27 $2.08 $1.98 $2.16 $2.13
Total Capital
3,173 3,256 4,953 5,499 5,717 5,118 6,148 5,495 5,872 6,132
Total Debt
1,001 842 2,393 2,724 2,788 1,014 1,949 1,548 1,595 1,955
Total Long-Term Debt
561 538 1,701 1,974 1,823 529 1,062 1,047 1,194 988
Net Debt
-2,059 -2,843 -1,730 -2,019 -2,470 -4,582 -3,624 -4,245 -4,366 -4,075
Capital Expenditures (CapEx)
281 119 94 371 185 227 105 176 376 213
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-1,721 -2,614 -2,490 -2,919 -3,369 -4,164 -3,552 -4,341 -4,533 -3,785
Debt-free Net Working Capital (DFNWC)
1,339 1,071 1,632 1,823 1,889 1,432 2,021 1,452 1,428 2,245
Net Working Capital (NWC)
899 767 941 1,073 924 947 1,134 951 1,027 1,278
Net Nonoperating Expense (NNE)
-19 -11 -12 -20 -23 -252 7.73 980 -11 -73
Net Nonoperating Obligations (NNO)
-2,059 -2,843 -1,731 -2,020 -2,472 -4,582 -3,624 -4,245 -4,366 -4,075
Total Depreciation and Amortization (D&A)
130 136 148 145 153 167 95 106 226 227
Debt-free, Cash-free Net Working Capital to Revenue
-8.46% -12.70% -11.71% -13.23% -14.55% -17.08% -13.82% -15.97% -15.71% -12.51%
Debt-free Net Working Capital to Revenue
6.59% 5.20% 7.68% 8.26% 8.16% 5.87% 7.87% 5.34% 4.95% 7.42%
Net Working Capital to Revenue
4.42% 3.73% 4.42% 4.86% 3.99% 3.88% 4.41% 3.50% 3.56% 4.22%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.05 $0.06 $0.05 $0.08 $0.05 $0.58 $0.00 ($0.04) $0.04 $0.09
Adjusted Weighted Average Basic Shares Outstanding
1.77B 1.77B 1.77B 1.78B 1.78B 1.78B 1.79B 1.79B 1.80B 1.79B
Adjusted Diluted Earnings per Share
$0.05 $0.06 $0.05 $0.08 $0.05 $0.57 $0.00 ($0.04) $0.04 $0.08
Adjusted Weighted Average Diluted Shares Outstanding
1.79B 1.77B 1.79B 1.80B 1.81B 1.80B 1.82B 1.79B 1.83B 1.83B
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
1.77B 1.77B 1.78B 1.78B 1.79B 1.79B 1.79B 1.79B 1.80B 1.81B
Normalized Net Operating Profit after Tax (NOPAT)
72 58 79 125 68 91 28 -18 76 218
Normalized NOPAT Margin
1.41% 1.10% 1.35% 2.15% 1.11% 1.39% 0.39% -0.24% 0.97% 2.74%
Pre Tax Income Margin
1.91% 1.76% 2.14% 2.93% 1.89% 2.62% 0.83% 0.04% 1.68% 3.50%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
13.67 10.56 12.50 10.92 6.15 9.43 1.15 -0.35 3.14 6.65
NOPAT to Interest Expense
11.10 12.99 9.82 9.65 5.27 55.77 -0.60 23.65 1.47 3.66
EBIT Less CapEx to Interest Expense
-29.60 -6.37 0.75 -17.62 -8.08 -6.79 -2.74 -5.11 -7.31 1.33
NOPAT Less CapEx to Interest Expense
-32.17 -3.93 -1.93 -18.88 -8.97 39.55 -4.49 18.89 -8.98 -1.66
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 17.89% 18.39% 115.58%

Frequently Asked Questions About Coupang's Financials

When does Coupang's financial year end?

According to the most recent income statement we have on file, Coupang's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Coupang's net income changed over the last 5 years?

Coupang's net income appears to be on a downward trend, with a most recent value of $154 million in 2024, falling from -$696.89 million in 2019. The previous period was $1.36 billion in 2023.

What is Coupang's operating income?
Coupang's total operating income in 2024 was $436 million, based on the following breakdown:
  • Total Gross Profit: $8.83 billion
  • Total Operating Expenses: $8.40 billion
How has Coupang revenue changed over the last 5 years?

Over the last 5 years, Coupang's total revenue changed from $6.27 billion in 2019 to $30.27 billion in 2024, a change of 382.5%.

How much debt does Coupang have?

Coupang's total liabilities were at $11.17 billion at the end of 2024, a 20.8% increase from 2023, and a 96.9% increase since 2020.

How much cash does Coupang have?

In the past 4 years, Coupang's cash and equivalents has ranged from $1.25 billion in 2020 to $5.88 billion in 2024, and is currently $5.88 billion as of their latest financial filing in 2024.

How has Coupang's book value per share changed over the last 5 years?

Over the last 5 years, Coupang's book value per share changed from 0.00 in 2019 to 2.28 in 2024, a change of 228.1%.

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This page (NYSE:CPNG) was last updated on 4/14/2025 by MarketBeat.com Staff
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