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Side-by-side financial comparison of Automatic Data Processing (ADP) and Coupang, Inc. (CPNG). Click either name above to swap in a different company.
Coupang, Inc. is the larger business by last-quarter revenue ($8.8B vs $5.9B, roughly 1.5× Automatic Data Processing). Automatic Data Processing runs the higher net margin — 22.9% vs -0.3%, a 23.2% gap on every dollar of revenue. On growth, Coupang, Inc. posted the faster year-over-year revenue change (10.9% vs 7.0%). Over the past eight quarters, Automatic Data Processing's revenue compounded faster (11.6% CAGR vs 11.4%).
Automatic Data Processing, Inc. (ADP) is an American multinational provider of cloud-based human resources management, payroll processing, and professional employer organization (PEO) services, headquartered in Roseland, New Jersey.
Coupang, Inc. is an American Delaware-incorporated technology and online retail company headquartered in Seattle, Washington. Founded in 2010 by Bom Kim, the company operates a retail business, food delivery service, and OTT streaming service, with offices and operations in South Korea, Taiwan, the United States, India, Japan and Singapore.
ADP vs CPNG — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.9B | $8.8B |
| Net Profit | $1.4B | $-26.0M |
| Gross Margin | — | 28.8% |
| Operating Margin | — | 0.1% |
| Net Margin | 22.9% | -0.3% |
| Revenue YoY | 7.0% | 10.9% |
| Net Profit YoY | 8.4% | -116.7% |
| EPS (diluted) | $3.38 | $-0.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.4B | $8.8B | ||
| Q3 25 | $5.2B | $9.3B | ||
| Q2 25 | $5.1B | $8.5B | ||
| Q1 25 | $5.6B | $7.9B | ||
| Q4 24 | $5.0B | $8.0B | ||
| Q3 24 | $4.8B | $7.9B | ||
| Q2 24 | $4.8B | $7.3B |
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.1B | $-26.0M | ||
| Q3 25 | $1.0B | $95.0M | ||
| Q2 25 | $910.7M | $32.0M | ||
| Q1 25 | $1.2B | $107.0M | ||
| Q4 24 | $963.2M | $156.0M | ||
| Q3 24 | $956.3M | $70.0M | ||
| Q2 24 | $829.3M | $-77.0M |
| Q1 26 | — | — | ||
| Q4 25 | 46.1% | 28.8% | ||
| Q3 25 | 45.2% | 29.4% | ||
| Q2 25 | 45.1% | 30.0% | ||
| Q1 25 | 47.7% | 29.3% | ||
| Q4 24 | 45.7% | 31.3% | ||
| Q3 24 | 45.5% | 28.8% | ||
| Q2 24 | 44.8% | 29.3% |
| Q1 26 | — | — | ||
| Q4 25 | 25.8% | 0.1% | ||
| Q3 25 | 25.3% | 1.7% | ||
| Q2 25 | 23.2% | 1.7% | ||
| Q1 25 | 29.2% | 1.9% | ||
| Q4 24 | 25.0% | 3.9% | ||
| Q3 24 | 25.6% | 1.4% | ||
| Q2 24 | 22.8% | -0.3% |
| Q1 26 | 22.9% | — | ||
| Q4 25 | 19.8% | -0.3% | ||
| Q3 25 | 19.6% | 1.0% | ||
| Q2 25 | 17.8% | 0.4% | ||
| Q1 25 | 22.5% | 1.4% | ||
| Q4 24 | 19.1% | 2.0% | ||
| Q3 24 | 19.8% | 0.9% | ||
| Q2 24 | 17.4% | -1.1% |
| Q1 26 | $3.38 | — | ||
| Q4 25 | $2.62 | $-0.02 | ||
| Q3 25 | $2.49 | $0.05 | ||
| Q2 25 | $2.23 | $0.02 | ||
| Q1 25 | $3.06 | $0.06 | ||
| Q4 24 | $2.35 | $0.08 | ||
| Q3 24 | $2.34 | $0.04 | ||
| Q2 24 | $2.01 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.2B | $6.3B |
| Total DebtLower is stronger | $4.0B | $648.0M |
| Stockholders' EquityBook value | $6.4B | $4.6B |
| Total Assets | $64.5B | $17.8B |
| Debt / EquityLower = less leverage | 0.63× | 0.14× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.2B | — | ||
| Q4 25 | $2.5B | $6.3B | ||
| Q3 25 | $7.9B | $7.2B | ||
| Q2 25 | $7.8B | $6.8B | ||
| Q1 25 | $2.7B | $6.1B | ||
| Q4 24 | $2.2B | $5.9B | ||
| Q3 24 | $7.3B | $5.8B | ||
| Q2 24 | $3.3B | $5.5B |
| Q1 26 | $4.0B | — | ||
| Q4 25 | — | $648.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $988.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.4B | $4.6B | ||
| Q3 25 | $6.4B | $4.7B | ||
| Q2 25 | $6.2B | $4.7B | ||
| Q1 25 | $5.9B | $4.4B | ||
| Q4 24 | $5.1B | $4.1B | ||
| Q3 24 | $5.3B | $4.2B | ||
| Q2 24 | $4.5B | $3.9B |
| Q1 26 | $64.5B | — | ||
| Q4 25 | $84.6B | $17.8B | ||
| Q3 25 | $54.3B | $18.7B | ||
| Q2 25 | $53.4B | $17.8B | ||
| Q1 25 | $56.4B | $16.0B | ||
| Q4 24 | $64.1B | $15.3B | ||
| Q3 24 | $49.5B | $16.3B | ||
| Q2 24 | $54.4B | $15.2B |
| Q1 26 | 0.63× | — | ||
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $82.0M |
| Free Cash FlowOCF − Capex | — | $-278.0M |
| FCF MarginFCF / Revenue | — | -3.1% |
| Capex IntensityCapex / Revenue | 2.1% | 4.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $522.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $82.0M | ||
| Q3 25 | $642.3M | $792.0M | ||
| Q2 25 | $1.4B | $545.0M | ||
| Q1 25 | $1.5B | $354.0M | ||
| Q4 24 | $1.2B | $676.0M | ||
| Q3 24 | $824.4M | $334.0M | ||
| Q2 24 | $1.3B | $664.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-278.0M | ||
| Q3 25 | — | $439.0M | ||
| Q2 25 | — | $246.0M | ||
| Q1 25 | — | $115.0M | ||
| Q4 24 | — | $462.0M | ||
| Q3 24 | — | $-46.0M | ||
| Q2 24 | — | $486.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -3.1% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | -0.6% | ||
| Q2 24 | — | 6.6% |
| Q1 26 | 2.1% | — | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.07× | — | ||
| Q3 25 | 0.63× | 8.34× | ||
| Q2 25 | 1.58× | 17.03× | ||
| Q1 25 | 1.22× | 3.31× | ||
| Q4 24 | 1.19× | 4.33× | ||
| Q3 24 | 0.86× | 4.77× | ||
| Q2 24 | 1.57× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADP
| Revenues, other than interest on funds held for clients and PEO revenues | $3.6B | 61% |
| PEO revenues (A) (B) (C) | $1.9B | 32% |
| Other | $403.9M | 7% |
CPNG
| Products | $6.6B | 75% |
| Third Party Merchant Services | $1.9B | 22% |
| Service Other | $296.0M | 3% |
