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Side-by-side financial comparison of Coupang, Inc. (CPNG) and Edison International (EIX). Click either name above to swap in a different company.
Coupang, Inc. is the larger business by last-quarter revenue ($8.8B vs $5.2B, roughly 1.7× Edison International). Edison International runs the higher net margin — 35.4% vs -0.3%, a 35.7% gap on every dollar of revenue. On growth, Edison International posted the faster year-over-year revenue change (30.8% vs 10.9%). Coupang, Inc. produced more free cash flow last quarter ($-278.0M vs $-319.0M). Over the past eight quarters, Edison International's revenue compounded faster (13.1% CAGR vs 11.4%).
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.
Edison International is a public utility holding company based in Rosemead, California. Its subsidiaries include Southern California Edison, and unregulated non-utility business assets Edison Energy. Edison's roots trace back to Holt & Knupps, a company founded in 1886 as a provider of street lights in Visalia, California.
CPNG vs EIX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.8B | $5.2B |
| Net Profit | $-26.0M | $1.8B |
| Gross Margin | 28.8% | — |
| Operating Margin | 0.1% | 52.8% |
| Net Margin | -0.3% | 35.4% |
| Revenue YoY | 10.9% | 30.8% |
| Net Profit YoY | -116.7% | 443.5% |
| EPS (diluted) | $-0.02 | $4.78 |
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.
| Q4 25 | $8.8B | $5.2B | ||
| Q3 25 | $9.3B | $5.8B | ||
| Q2 25 | $8.5B | $4.5B | ||
| Q1 25 | $7.9B | $3.8B | ||
| Q4 24 | $8.0B | $4.0B | ||
| Q3 24 | $7.9B | $5.2B | ||
| Q2 24 | $7.3B | $4.3B | ||
| Q1 24 | $7.1B | $4.1B |
| Q4 25 | $-26.0M | $1.8B | ||
| Q3 25 | $95.0M | $832.0M | ||
| Q2 25 | $32.0M | $343.0M | ||
| Q1 25 | $107.0M | $1.4B | ||
| Q4 24 | $156.0M | $340.0M | ||
| Q3 24 | $70.0M | $516.0M | ||
| Q2 24 | $-77.0M | $439.0M | ||
| Q1 24 | $5.0M | $-11.0M |
| 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 24 | 27.1% | — |
| Q4 25 | 0.1% | 52.8% | ||
| Q3 25 | 1.7% | 24.9% | ||
| Q2 25 | 1.7% | 17.1% | ||
| Q1 25 | 1.9% | 56.0% | ||
| Q4 24 | 3.9% | 19.8% | ||
| Q3 24 | 1.4% | 19.1% | ||
| Q2 24 | -0.3% | 20.8% | ||
| Q1 24 | 0.6% | 6.0% |
| Q4 25 | -0.3% | 35.4% | ||
| Q3 25 | 1.0% | 14.5% | ||
| Q2 25 | 0.4% | 7.6% | ||
| Q1 25 | 1.4% | 37.7% | ||
| Q4 24 | 2.0% | 8.5% | ||
| Q3 24 | 0.9% | 9.9% | ||
| Q2 24 | -1.1% | 10.1% | ||
| Q1 24 | 0.1% | -0.3% |
| Q4 25 | $-0.02 | $4.78 | ||
| Q3 25 | $0.05 | $2.16 | ||
| Q2 25 | $0.02 | $0.89 | ||
| Q1 25 | $0.06 | $3.72 | ||
| Q4 24 | $0.08 | $0.89 | ||
| Q3 24 | $0.04 | $1.32 | ||
| Q2 24 | $-0.04 | $1.13 | ||
| Q1 24 | $0.00 | $-0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $6.3B | $158.0M |
| Total DebtLower is stronger | $648.0M | $38.0B |
| Stockholders' EquityBook value | $4.6B | $17.6B |
| Total Assets | $17.8B | $94.0B |
| Debt / EquityLower = less leverage | 0.14× | 2.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.3B | $158.0M | ||
| Q3 25 | $7.2B | $364.0M | ||
| Q2 25 | $6.8B | $140.0M | ||
| Q1 25 | $6.1B | $1.3B | ||
| Q4 24 | $5.9B | $193.0M | ||
| Q3 24 | $5.8B | $200.0M | ||
| Q2 24 | $5.5B | $465.0M | ||
| Q1 24 | $5.2B | $992.0M |
| Q4 25 | $648.0M | $38.0B | ||
| Q3 25 | — | $36.4B | ||
| Q2 25 | — | $37.7B | ||
| Q1 25 | — | $38.4B | ||
| Q4 24 | $988.0M | $35.6B | ||
| Q3 24 | — | $34.9B | ||
| Q2 24 | — | $34.8B | ||
| Q1 24 | — | $34.7B |
| Q4 25 | $4.6B | $17.6B | ||
| Q3 25 | $4.7B | $17.2B | ||
| Q2 25 | $4.7B | $16.7B | ||
| Q1 25 | $4.4B | $16.6B | ||
| Q4 24 | $4.1B | $15.6B | ||
| Q3 24 | $4.2B | $15.7B | ||
| Q2 24 | $3.9B | $15.4B | ||
| Q1 24 | $4.1B | $15.2B |
| Q4 25 | $17.8B | $94.0B | ||
| Q3 25 | $18.7B | $90.5B | ||
| Q2 25 | $17.8B | $88.8B | ||
| Q1 25 | $16.0B | $88.4B | ||
| Q4 24 | $15.3B | $85.6B | ||
| Q3 24 | $16.3B | $84.7B | ||
| Q2 24 | $15.2B | $84.8B | ||
| Q1 24 | $14.9B | $83.6B |
| Q4 25 | 0.14× | 2.16× | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | — | 2.26× | ||
| Q1 25 | — | 2.31× | ||
| Q4 24 | 0.24× | 2.29× | ||
| Q3 24 | — | 2.23× | ||
| Q2 24 | — | 2.26× | ||
| Q1 24 | — | 2.29× |
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 | $1.6B |
| Free Cash FlowOCF − Capex | $-278.0M | $-319.0M |
| FCF MarginFCF / Revenue | -3.1% | -6.1% |
| Capex IntensityCapex / Revenue | 4.1% | 36.3% |
| Cash ConversionOCF / Net Profit | — | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | $522.0M | $-715.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $82.0M | $1.6B | ||
| Q3 25 | $792.0M | $2.1B | ||
| Q2 25 | $545.0M | $882.0M | ||
| Q1 25 | $354.0M | $1.2B | ||
| Q4 24 | $676.0M | $1.2B | ||
| Q3 24 | $334.0M | $2.5B | ||
| Q2 24 | $664.0M | $329.0M | ||
| Q1 24 | $212.0M | $1.0B |
| Q4 25 | $-278.0M | $-319.0M | ||
| Q3 25 | $439.0M | $618.0M | ||
| Q2 25 | $246.0M | $-830.0M | ||
| Q1 25 | $115.0M | $-184.0M | ||
| Q4 24 | $462.0M | $-326.0M | ||
| Q3 24 | $-46.0M | $961.0M | ||
| Q2 24 | $486.0M | $-1.1B | ||
| Q1 24 | $105.0M | $-236.0M |
| Q4 25 | -3.1% | -6.1% | ||
| Q3 25 | 4.7% | 10.7% | ||
| Q2 25 | 2.9% | -18.3% | ||
| Q1 25 | 1.5% | -4.8% | ||
| Q4 24 | 5.8% | -8.2% | ||
| Q3 24 | -0.6% | 18.5% | ||
| Q2 24 | 6.6% | -25.2% | ||
| Q1 24 | 1.5% | -5.8% |
| Q4 25 | 4.1% | 36.3% | ||
| Q3 25 | 3.8% | 26.2% | ||
| Q2 25 | 3.5% | 37.7% | ||
| Q1 25 | 3.0% | 36.9% | ||
| Q4 24 | 2.7% | 37.6% | ||
| Q3 24 | 4.8% | 29.1% | ||
| Q2 24 | 2.4% | 32.8% | ||
| Q1 24 | 1.5% | 31.4% |
| Q4 25 | — | 0.85× | ||
| Q3 25 | 8.34× | 2.55× | ||
| Q2 25 | 17.03× | 2.57× | ||
| Q1 25 | 3.31× | 0.85× | ||
| Q4 24 | 4.33× | 3.44× | ||
| Q3 24 | 4.77× | 4.79× | ||
| Q2 24 | — | 0.75× | ||
| Q1 24 | 42.40× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CPNG
| Products | $6.6B | 75% |
| Third Party Merchant Services | $1.9B | 22% |
| Service Other | $296.0M | 3% |
EIX
| Commercial | $2.2B | 43% |
| Residential | $1.2B | 23% |
| Other | $966.0M | 19% |
| Other Operating Revenue | $802.0M | 15% |
