Coupang, Inc.

CPNGNYSEConsumer Cyclical● Active

$15.25

+$0.10(+0.66%)

Market Cap$27.4B

P/E Ratio—

52W High$34.075

52W Low$14.92

Avg Volume21.4M

Open$15.34

Beta1.12

Free Cash Flow Financials Revenue

Coupang, Inc. (CPNG) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CPNG · free cash flow · updated Jun 8, 2026

Core FCF metrics

CPNG · FCF · TTM · margin & CAGR

Free cash flow was $522.0M for FY2025 (fiscal year ending 2025-12-31), down 48.2% year-over-year The FCF margin was 1.5%.

FY2025 Free Cash Flow$522.0M▼ -48.2% YoY

Trailing 12M (TTM)$278.5Mtrailing 4 quarters sum

FCF Margin1.5%$522.0M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CPNG · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.77B(1.25B)$522.0M▼ 48.2%1.5%

FY2024$1.89B(879M)$1.01B▼ 42.7%3.3%

FY2023$2.65B(896M)$1.76B▲ +778.0%7.2%

FY2022$565.0M(824M)−$259.0M▲ +76.1%-1.3%

FY2021−$411.0M(674M)−$1.08B▼ 492.7%-5.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CPNG · P/FCF · FCF yield · FCF per share

Coupang, Inc. (CPNG) trades at a FCF yield of 1.00% and a price-to-free-cash-flow ratio of 101.7x. FCF per share stands at $0.15, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.00%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.15

TTM FCF ÷ Shares Outstanding

Price / FCF

x101.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x94.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CPNG · cash flow statement · operating / investing / financing

For FY2025, Coupang, Inc. generated $1.77B in operating cash flow and spent 1.25B in capital expenditures, yielding $522.0M in free cash flow.

Operating Activities

+$1.77B

Cash from core business operations

2025-12-31

Investing Activities

−$1.25B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$247.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.77B) − |CapEx| (1.25B) = FCF ($522.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

CPNG vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Coupang, Inc.YOU

CPNG

$522.0M-48.2%1.5%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Coupang, Inc. (CPNG) reported free cash flow of $522.0M for FY2025 (fiscal year ending 2025-12-31), down 48.2% year-over-year. The FCF margin was 1.5%.

Based on available data, Coupang, Inc. has maintained positive free cash flow for at least 3 fiscal year(s). FCF peaked at $1.76B in FY2023.

Coupang, Inc.'s FCF yield is 1.00% and price-to-FCF ratio is 101.7x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CPNG free cash flow · 8 questions

Coupang, Inc. free cash flow was $522.0M for FY2025, down 48.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $278.5M.

CPNG free cash flowCPNG FCFCPNG FCF 2025CPNG free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Coupang, Inc. · Coupang, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026