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Side-by-side financial comparison of BANK OF MONTREAL (BMO) 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 $7.2B, roughly 1.2× BANK OF MONTREAL). BANK OF MONTREAL runs the higher net margin — 25.3% vs -0.3%, a 25.6% gap on every dollar of revenue. BANK OF MONTREAL produced more free cash flow last quarter ($1.0B vs $-278.0M).
The Bank of Montreal, abbreviated as BMO, is a Canadian multinational investment bank and financial services company.
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.
BMO vs CPNG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.2B | $8.8B |
| Net Profit | $1.8B | $-26.0M |
| Gross Margin | — | 28.8% |
| Operating Margin | — | 0.1% |
| Net Margin | 25.3% | -0.3% |
| Revenue YoY | — | 10.9% |
| Net Profit YoY | — | -116.7% |
| EPS (diluted) | — | $-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 | $7.2B | — | ||
| Q4 25 | — | $8.8B | ||
| Q3 25 | $6.6B | $9.3B | ||
| Q2 25 | $6.3B | $8.5B | ||
| Q1 25 | — | $7.9B | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | — | $7.9B | ||
| Q2 24 | — | $7.3B |
| Q1 26 | $1.8B | — | ||
| Q4 25 | — | $-26.0M | ||
| Q3 25 | $1.7B | $95.0M | ||
| Q2 25 | $1.4B | $32.0M | ||
| Q1 25 | — | $107.0M | ||
| Q4 24 | — | $156.0M | ||
| Q3 24 | — | $70.0M | ||
| Q2 24 | — | $-77.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 28.8% | ||
| Q3 25 | — | 29.4% | ||
| Q2 25 | — | 30.0% | ||
| Q1 25 | — | 29.3% | ||
| Q4 24 | — | 31.3% | ||
| Q3 24 | — | 28.8% | ||
| Q2 24 | — | 29.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | -0.3% |
| Q1 26 | 25.3% | — | ||
| Q4 25 | — | -0.3% | ||
| Q3 25 | 25.9% | 1.0% | ||
| Q2 25 | 22.6% | 0.4% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | -1.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | $-0.02 | ||
| Q3 25 | — | $0.05 | ||
| Q2 25 | — | $0.02 | ||
| Q1 25 | — | $0.06 | ||
| Q4 24 | — | $0.08 | ||
| Q3 24 | — | $0.04 | ||
| Q2 24 | — | $-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 | $49.2B | $6.3B |
| Total DebtLower is stronger | — | $648.0M |
| Stockholders' EquityBook value | $62.6B | $4.6B |
| Total Assets | $1064.4B | $17.8B |
| Debt / EquityLower = less leverage | — | 0.14× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $49.2B | — | ||
| Q4 25 | — | $6.3B | ||
| Q3 25 | $42.8B | $7.2B | ||
| Q2 25 | $47.7B | $6.8B | ||
| Q1 25 | — | $6.1B | ||
| Q4 24 | — | $5.9B | ||
| Q3 24 | — | $5.8B | ||
| Q2 24 | — | $5.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | $648.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $988.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $62.6B | — | ||
| Q4 25 | — | $4.6B | ||
| Q3 25 | $63.3B | $4.7B | ||
| Q2 25 | $62.7B | $4.7B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.9B |
| Q1 26 | $1064.4B | — | ||
| Q4 25 | — | $17.8B | ||
| Q3 25 | $1045.0B | $18.7B | ||
| Q2 25 | $1051.4B | $17.8B | ||
| Q1 25 | — | $16.0B | ||
| Q4 24 | — | $15.3B | ||
| Q3 24 | — | $16.3B | ||
| Q2 24 | — | $15.2B |
| Q1 26 | — | — | ||
| 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 | $1.3B | $82.0M |
| Free Cash FlowOCF − Capex | $1.0B | $-278.0M |
| FCF MarginFCF / Revenue | 14.4% | -3.1% |
| Capex IntensityCapex / Revenue | 3.9% | 4.1% |
| Cash ConversionOCF / Net Profit | 0.72× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $522.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $82.0M | ||
| Q3 25 | $-3.1B | $792.0M | ||
| Q2 25 | $-2.3B | $545.0M | ||
| Q1 25 | — | $354.0M | ||
| Q4 24 | — | $676.0M | ||
| Q3 24 | — | $334.0M | ||
| Q2 24 | — | $664.0M |
| Q1 26 | $1.0B | — | ||
| Q4 25 | — | $-278.0M | ||
| Q3 25 | $-3.4B | $439.0M | ||
| Q2 25 | $-2.7B | $246.0M | ||
| Q1 25 | — | $115.0M | ||
| Q4 24 | — | $462.0M | ||
| Q3 24 | — | $-46.0M | ||
| Q2 24 | — | $486.0M |
| Q1 26 | 14.4% | — | ||
| Q4 25 | — | -3.1% | ||
| Q3 25 | -51.3% | 4.7% | ||
| Q2 25 | -41.8% | 2.9% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | -0.6% | ||
| Q2 24 | — | 6.6% |
| Q1 26 | 3.9% | — | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | 4.5% | 3.8% | ||
| Q2 25 | 5.1% | 3.5% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 2.4% |
| Q1 26 | 0.72× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -1.81× | 8.34× | ||
| Q2 25 | -1.63× | 17.03× | ||
| Q1 25 | — | 3.31× | ||
| Q4 24 | — | 4.33× | ||
| Q3 24 | — | 4.77× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BMO
Segment breakdown not available.
CPNG
| Products | $6.6B | 75% |
| Third Party Merchant Services | $1.9B | 22% |
| Service Other | $296.0M | 3% |
