vs
Side-by-side financial comparison of ConocoPhillips (COP) and Coupang, Inc. (CPNG). Click either name above to swap in a different company.
ConocoPhillips is the larger business by last-quarter revenue ($11.4B vs $8.5B, roughly 1.3× Coupang, Inc.). On growth, Coupang, Inc. posted the faster year-over-year revenue change (7.5% vs -10.7%). Over the past eight quarters, Coupang, Inc.'s revenue compounded faster (7.8% CAGR vs -3.8%).
ConocoPhillips Company is an American multinational corporation engaged in hydrocarbon exploration and production. It is based in the Energy Corridor district of Houston, Texas.
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.
COP vs CPNG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $11.4B | $8.5B |
| Net Profit | $1.4B | — |
| Gross Margin | 54.4% | 27.0% |
| Operating Margin | 19.7% | — |
| Net Margin | 12.7% | — |
| Revenue YoY | -10.7% | 7.5% |
| Net Profit YoY | -37.5% | — |
| EPS (diluted) | $1.18 | $-0.15 |
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 | — | $8.5B | ||
| Q4 25 | $11.4B | $8.8B | ||
| Q3 25 | $13.3B | $9.3B | ||
| Q2 25 | $12.6B | $8.5B | ||
| Q1 25 | $14.5B | $7.9B | ||
| Q4 24 | $12.7B | $8.0B | ||
| Q3 24 | $11.7B | $7.9B | ||
| Q2 24 | $12.7B | $7.3B |
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $-26.0M | ||
| Q3 25 | $1.7B | $95.0M | ||
| Q2 25 | $2.0B | $32.0M | ||
| Q1 25 | $2.8B | $107.0M | ||
| Q4 24 | $2.3B | $156.0M | ||
| Q3 24 | $2.1B | $70.0M | ||
| Q2 24 | $2.3B | $-77.0M |
| Q1 26 | — | 27.0% | ||
| Q4 25 | 54.4% | 28.8% | ||
| Q3 25 | 56.1% | 29.4% | ||
| Q2 25 | 59.7% | 30.0% | ||
| Q1 25 | 57.3% | 29.3% | ||
| Q4 24 | 60.2% | 31.3% | ||
| Q3 24 | 59.4% | 28.8% | ||
| Q2 24 | 61.6% | 29.3% |
| Q1 26 | — | — | ||
| Q4 25 | 19.7% | 0.1% | ||
| Q3 25 | 22.0% | 1.7% | ||
| Q2 25 | 23.9% | 1.7% | ||
| Q1 25 | 30.8% | 1.9% | ||
| Q4 24 | 23.3% | 3.9% | ||
| Q3 24 | 27.6% | 1.4% | ||
| Q2 24 | 28.9% | -0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 12.7% | -0.3% | ||
| Q3 25 | 12.9% | 1.0% | ||
| Q2 25 | 15.6% | 0.4% | ||
| Q1 25 | 19.7% | 1.4% | ||
| Q4 24 | 18.1% | 2.0% | ||
| Q3 24 | 17.6% | 0.9% | ||
| Q2 24 | 18.4% | -1.1% |
| Q1 26 | — | $-0.15 | ||
| Q4 25 | $1.18 | $-0.02 | ||
| Q3 25 | $1.38 | $0.05 | ||
| Q2 25 | $1.56 | $0.02 | ||
| Q1 25 | $2.23 | $0.06 | ||
| Q4 24 | $1.92 | $0.08 | ||
| Q3 24 | $1.76 | $0.04 | ||
| Q2 24 | $1.98 | $-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 | $7.0B | $6.3B |
| Total DebtLower is stronger | $22.4B | $2.3B |
| Stockholders' EquityBook value | $64.5B | $3.9B |
| Total Assets | $121.9B | $17.4B |
| Debt / EquityLower = less leverage | 0.35× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $6.3B | ||
| Q4 25 | $7.0B | $6.3B | ||
| Q3 25 | $6.3B | $7.2B | ||
| Q2 25 | $5.3B | $6.8B | ||
| Q1 25 | $7.2B | $6.1B | ||
| Q4 24 | $6.1B | $5.9B | ||
| Q3 24 | $6.8B | $5.8B | ||
| Q2 24 | $6.0B | $5.5B |
| Q1 26 | — | $2.3B | ||
| Q4 25 | $22.4B | $648.0M | ||
| Q3 25 | $22.5B | — | ||
| Q2 25 | $23.1B | — | ||
| Q1 25 | $23.2B | — | ||
| Q4 24 | $23.3B | $988.0M | ||
| Q3 24 | $17.0B | — | ||
| Q2 24 | $17.0B | — |
| Q1 26 | — | $3.9B | ||
| Q4 25 | $64.5B | $4.6B | ||
| Q3 25 | $64.9B | $4.7B | ||
| Q2 25 | $65.6B | $4.7B | ||
| Q1 25 | $65.2B | $4.4B | ||
| Q4 24 | $64.8B | $4.1B | ||
| Q3 24 | $49.9B | $4.2B | ||
| Q2 24 | $49.7B | $3.9B |
| Q1 26 | — | $17.4B | ||
| Q4 25 | $121.9B | $17.8B | ||
| Q3 25 | $122.5B | $18.7B | ||
| Q2 25 | $122.6B | $17.8B | ||
| Q1 25 | $124.3B | $16.0B | ||
| Q4 24 | $122.8B | $15.3B | ||
| Q3 24 | $96.7B | $16.3B | ||
| Q2 24 | $96.0B | $15.2B |
| Q1 26 | — | 0.58× | ||
| Q4 25 | 0.35× | 0.14× | ||
| Q3 25 | 0.35× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.36× | — | ||
| Q4 24 | 0.36× | 0.24× | ||
| Q3 24 | 0.34× | — | ||
| Q2 24 | 0.34× | — |
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 | $4.3B | $184.0M |
| Free Cash FlowOCF − Capex | — | $-110.0M |
| FCF MarginFCF / Revenue | — | -1.3% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $297.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $184.0M | ||
| Q4 25 | $4.3B | $82.0M | ||
| Q3 25 | $5.9B | $792.0M | ||
| Q2 25 | $3.5B | $545.0M | ||
| Q1 25 | $6.1B | $354.0M | ||
| Q4 24 | $4.5B | $676.0M | ||
| Q3 24 | $5.8B | $334.0M | ||
| Q2 24 | $4.9B | $664.0M |
| Q1 26 | — | $-110.0M | ||
| 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 | — | -1.3% | ||
| 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 | — | — | ||
| 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 | 2.99× | — | ||
| Q3 25 | 3.41× | 8.34× | ||
| Q2 25 | 1.77× | 17.03× | ||
| Q1 25 | 2.15× | 3.31× | ||
| Q4 24 | 1.93× | 4.33× | ||
| Q3 24 | 2.80× | 4.77× | ||
| Q2 24 | 2.11× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
COP
| Natural Gas Reserves | $2.1B | 18% |
| Physical Gas Contracts | $2.0B | 18% |
| Europe Middle East And North Africa Segment | $1.6B | 14% |
| Natural Gas Product Line | $1.5B | 13% |
| Canada Operating Segment | $1.3B | 12% |
| Alaska Segment | $1.3B | 11% |
| Natural Gas Liquids Reserves | $826.0M | 7% |
| Asia Pacific Operating Segment | $360.0M | 3% |
| Crude Oil Product Line | $236.0M | 2% |
| Related Party | $12.0M | 0% |
| Corporate Segment | $7.0M | 0% |
CPNG
Segment breakdown not available.
