CPNG vs W
Coupang, Inc. and Wayfair Inc., side by side — 7 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CPNG | W |
|---|---|---|
| Revenue | $34.5B | $12.5B |
| Net income | $208.0M | $-313.0M |
| Gross margin | 29.4% | 30.2% |
| Net margin | 0.6% | −2.5% |
| Return on equity | 4.8% | · |
| Diluted EPS | $0.11 | −$2.44 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $522.0M | $464.0M |
| Equity | · | $-2.8B |
| Net debt / equity | −1.23× | · |
| Current ratio | 1.04× | 0.94× |
| Revenue CAGR 5y | 23.6% | −2.5% |
| Profit CAGR 5y | · | · |
CPNG bills 2.8× the revenue of W, and W closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
7 years side by side
| Fiscal year | CPNG | W |
|---|---|---|
| FY2025 | $34.5B | $12.5B |
| FY2024 | $30.3B | $11.9B |
| FY2023 | $24.4B | $12.0B |
| FY2022 | $20.6B | $12.2B |
| FY2021 | $18.4B | $13.7B |
| FY2020 | $12.0B | $14.1B |
| FY2019 | $6.3B | $9.1B |
Bottom line
| Fiscal year | CPNG | W |
|---|---|---|
| FY2025 | $208.0M | $-313.0M |
| FY2024 | $154.0M | $-492.0M |
| FY2023 | $1.4B | $-738.0M |
| FY2022 | $-92.0M | $-1.3B |
| FY2021 | $-1.5B | $-131.0M |
| FY2020 | $-463.2M | $185.0M |
| FY2019 | $-696.9M | $-985.0M |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$22,077,000,000 | CPNG |
| FY2024 | +$18,417,000,000 | CPNG |
| FY2023 | +$12,380,000,000 | CPNG |
| FY2022 | +$8,365,000,000 | CPNG |
| FY2021 | +$4,698,000,000 | CPNG |
| FY2020 | −$2,177,661,000 | W |
| FY2019 | −$2,853,737,000 | W |
The higher-revenue side has changed between CPNG and W over this period. The gap has widened since the earliest year compared.
7 of 14 comparable fiscal years — a year missing data on either side is not counted.
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +3.1 pp | CPNG |
| FY2024 | +4.4 pp | CPNG |
| FY2023 | +11.7 pp | CPNG |
| FY2022 | +10.4 pp | CPNG |
| FY2021 | −7.4 pp | W |
| FY2020 | −5.2 pp | W |
| FY2019 | −0.3 pp | W |
The higher net margin has changed hands between CPNG and W over this period.
7 of 14 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CPNG's net margin has been more volatile than W's over the 7 comparable fiscal years — 5.3 percentage points of standard deviation against 4.4.
7 of 14 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between CPNG and W over these 7 fiscal years — CPNG led in 4 and W in 3.
7 of 14 comparable fiscal years — a year missing data on either side is not counted.