Coupang
CPNG Β· Broadline Retail
$13.90
0.6%Sea Limited
SE Β· Broadline Retail
$74.63
οΏ½οΏ½The short version
- Coupang is the larger business, with $34.5B of revenue in fiscal 2025 against $22.9B for Sea Limited, about 1.5 times as much.
- Sea Limited grew revenue faster (36.4%, against 14.1%).
- Sea Limited kept more of each dollar of sales as operating profit (8.7% operating margin, against 1.4% operating margin).
- Sea Limited turned more of its sales into free cash flow (19.7% FCF margin, against 1.5% FCF margin).
| Latest fiscal year | CPNG Β· FY25 | SE Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $25.0B | $47.6B |
| Revenue | $34.5B | $22.9B |
| Free cash flow | $522M | $4.5B |
| Net income | $208M | $1.6B |
| Growth | ||
| Revenue growth | 14.1% | 36.4% |
| 5-year growth | 23.6% | 39.3% |
| Share count change | 1.6% | 5.5% |
| Profitability | ||
| Gross margin | 29.4% | 44.7% |
| Operating margin | 1.4% | 8.7% |
| Net margin | 0.6% | 6.9% |
| FCF margin | 1.5% | 19.7% |
| Return on capital | β | β |
| Return on equity | 4.8% | 15.1% |
| Balance sheet | ||
| Net debt | β$4.7B | β$10.5B |
| Net debt / EBITDA | β4.8x | β4.5x |
| Dividends and buybacks | $243M | $14.0M |
| Valuation & quality | ||
| P/E | β | β |
| Piotroski F-score | 6 | 8 |
FY16
CPNG β
SE $346M
FY17
CPNG β
SE $414M
FY18
CPNG β
SE $827M
FY19
CPNG $6.3B
SE $2.2B
FY20
CPNG $12.0B
SE $4.4B
FY21
CPNG $18.4B
SE $10.0B
FY22
CPNG $20.6B
SE $12.4B
FY23
CPNG $24.4B
SE $13.1B
FY24
CPNG $30.3B
SE $16.8B
FY25
CPNG $34.5B
SE $22.9B
CPNG
SE
FY16
CPNG β
SE β59.4%
FY17
CPNG β
SE β121.3%
FY18
CPNG β
SE β119.6%
FY19
CPNG β10.2%
SE β41.0%
FY20
CPNG β4.3%
SE β29.8%
FY21
CPNG β8.1%
SE β15.9%
FY22
CPNG β0.5%
SE β12.0%
FY23
CPNG 1.9%
SE 1.7%
FY24
CPNG 1.4%
SE 3.9%
FY25
CPNG 1.4%
SE 8.7%
CPNG
SE
FY16
CPNG β
SE β$119M
FY17
CPNG β
SE β$327M
FY18
CPNG β
SE β$673M
FY19
CPNG β$530M
SE β$170M
FY20
CPNG β$183M
SE $220M
FY21
CPNG β$1.1B
SE β$564M
FY22
CPNG β$259M
SE β$2.0B
FY23
CPNG $1.8B
SE $1.8B
FY24
CPNG $1.0B
SE $3.0B
FY25
CPNG $522M
SE $4.5B
CPNG
SE
FY16
CPNG β
SE β
FY17
CPNG β
SE β
FY18
CPNG β
SE β
FY19
CPNG β
SE β
FY20
CPNG β
SE β
FY21
CPNG β
SE β
FY22
CPNG β
SE β
FY23
CPNG β
SE 3.4%
FY24
CPNG β
SE 13.8%
FY25
CPNG β
SE β
CPNG
SE
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.