Coupang, Inc.

NYSE•CPNG

執行長: Mr. Bom Suk Kim

板塊: Consumer Cyclical

行業: Specialty Retail

上市日期: 2021-03-11

Coupang, Inc., together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services. In addition, the company offers Rocket Fresh, which offers fresh groceries; Coupang Eats, a restaurant ordering and delivery services; and Coupang Play, an online content streaming services, as well as advertising products. 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.

聯絡資訊

720 Olive Way, Suite 600, Seattle, WA, 98101, United States

206-333-3839

www.aboutcoupang.com

市值

$34.89B

本益比 (TTM)

166.9

33.1

股息率

52周最高

$34.08

52周最低

$16.74

52周範圍

14%

排名45Top 56.8%

3.6

F-Score

改良版 Piotroski 分析

基於 7 年期基本面

疲弱 • 3.6 / 9 分

評分區間 (0-9)

8-9: 價值優異

6-7: 基本面強勁

4-5: 整體穩健

0-3: 表現疲弱

資料區間: 2019-2025

財務儀表板

Q4 2025 數據

營業收入

$8.84B+0.00%

近4季度走勢

每股收益

-$0.01+0.00%

近4季度走勢

自由現金流

-$278.00M+0.00%

近4季度走勢

2025 Annual 財報亮點

核心亮點

Revenue Growth Strong Total net revenues reached $34.53B, increasing 14% reported and 18% constant currency across segments.

Net Income Jumps Significantly Net income attributable to stockholders was $208M, marking a substantial 224% increase compared to 2024 results.

Product Commerce Profitability Rises Product Commerce segment adjusted EBITDA grew 24% to $2.49B, driven by increased customer engagement and FLC revenue.

Share Repurchase Program Active Board authorized up to $1B repurchase; $243M spent buying back 8.8M Class A shares during 2025.

關注風險

Data Incident Financial Impact Nov 2025 data incident resulted in $1.2B voucher compensation program, potentially reducing near-term profitability and growth.

Korean Regulatory Scrutiny High Operations face intense scrutiny from Korean regulators, including KFTC investigations and potential executive criminal liability risks.

Developing Offerings Loss Widens Developing Offerings segment adjusted EBITDA loss increased 58% to $(995)M due to increased investments in new initiatives.

Free Cash Flow Declines Free cash flow dropped 48% to $527M, primarily driven by increased investing activities for infrastructure expansion.

未來展望

Continued Growth Investment Focus Expect significant investment in Developing Offerings, new geographies, and expanding fulfillment/logistics infrastructure over next two years.

Manage Post-Farfetch Integration Continue restructuring Farfetch operations; future success depends on realizing anticipated synergies and managing integration risks.

Maintain Profitability Trajectory Plan to continue growth spending while managing costs to sustain or increase profitability in future periods.

Evolving Regulatory Compliance Must adapt to evolving laws globally, especially concerning AI, data privacy, and complex Korean labor/trade regulations.

同行對比

營業收入 (TTM)

$187.27B

+1.2%

$185.02B

-1.3%

$180.81B

+16.6%

毛利率 (最新季度)

TCOM

81.7%

-0.7pp

HLT

76.4%

+2.6pp

EBAY

71.4%

-0.9pp

關鍵指標

股票代碼	市值	本益比 (TTM)	股東權益報酬率 (TTM)	負債率
GM	$73.32B	21.8	5.1%	46.3%
HLT	$70.87B	49.4	-30.2%	93.4%
ROST	$69.44B	31.8	36.3%	33.5%

長期趨勢

近4季度

營業收入

淨利

營運現金流

4季度營業收入複合增長率

3.8%

溫和增長

4季度淨利複合增長率

N/M

盈利狀態轉變

現金流穩定性

100%

現金流表現優異

深度研究

下次財報:2026年5月4日

每股收益:-

營業收入:-

財務數據

電話會議

財務報告

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損益表

資產負債表

現金流量表

財務比率

變化率

損益表	過去12個月

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