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Coupang CPNG

Coupang scores weak on business quality (4.4 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$15.82Oct 10, 2026
Business qualityWeak
Next earningsNov 2, 2026, after the close
Insiders, 90 daysSelling

Why it matters

  1. What Coupang does

    Coupang operates e-commerce and logistics networks, making money by charging consumers and merchants fees for retail sales and fast delivery services in its core markets. The company is scaling its logistics infrastructure to capture broader market share and expand its active buyer base.

  2. What it does best

    Coupang excels at logistics speed, backed by revenue growth in the top quartile of its sector at 83rd percentile rank. Its integrated fulfillment network creates operational efficiency that is difficult for rivals to copy quickly.

  3. The main risk

    Net losses and negative margins pose a risk, with operating margins sitting in the bottom quartile at the 4th sector percentile. If scale fails to yield operating leverage, losses will compound across its delivery infrastructure.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityWeak

Operating margin sits at -1.7% and ROE is -18.8%, showing that the business currently fails to generate positive net income despite strong top-line revenue numbers.

MoatWeak

The company relies on a consumer-facing logistics moat, ranking in the 29th percentile for gross margin. Scale limits quick replication by new entrants, but low margins restrict heavy protection.

GrowthFast

Revenue growth is running at 14.1%, powered by its core e-commerce engine, though past annual data shows top-line expansion slowing down from prior years.

Financial healthWeak

Debt-to-equity is manageable at 0.3, but interest coverage is negative at -8.2x and free cash flow dropped to $99.0M, showing a softer financial reality.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

1 sold $3.1M outside pre-planned sales.

Our sealed record on CPNG

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is CPNG a good business?

Coupang scores weak on the Cluenex quality check (4.4 of 10), measured against its own industry. Profitability is weak, moat weak, growth fast and financial health weak.

Are insiders buying CPNG?

In the last 90 days of SEC Form 4 filings: 1 sold $3.1M outside pre-planned sales.

When does CPNG report earnings?

Nov 2, 2026, after the close.

For members

See CPNG today

  • Today's verdict on CPNG, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Coupang (CPNG)”, https://cluenex.com/stocks/cpng/, data as of Oct 10, 2026.