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The Company Coupang is a technology and Fortune 150 company listed on the New York Stock Exchange that provides retail, restaurant delivery, video streaming, and fintech services to customers under brands that include Coupang, Eats, Play, Rocket Now, and Farfetch. We serve millions of customers in over 190 countries and territories around the world.
Operating margin is thin at 1.37%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 14.1%, still solid. Free cash flow declined 48% despite revenue growth, conversion is weakening.
Free cash flow declined 48% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
$35.13B
▲ +14.1% YoY
Net Income (TTM)
-$165M
▲ +35.1% YoY
Op. Margin
0.22%
ROIC
0.65%
▼ -0.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$295M
▼ -48.2% YoY
Op. Cash Flow (TTM)
$1.60B
▼ -6.0% YoY
Net Debt
-$905M
Net Cash Position
Cash & Equiv.
$6.30B
5Y CAGR: +23.6%
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