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Side-by-side financial comparison of Coupang, Inc. (CPNG) and Freeport-McMoRan (FCX). Click either name above to swap in a different company.
Coupang, Inc. is the larger business by last-quarter revenue ($8.5B vs $5.3B, roughly 1.6× Freeport-McMoRan). On growth, Coupang, Inc. posted the faster year-over-year revenue change (7.5% vs -10.4%). Coupang, Inc. produced more free cash flow last quarter ($-110.0M vs $-312.0M). Over the past eight quarters, Coupang, Inc.'s revenue compounded faster (7.8% CAGR vs -7.9%).
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.
Freeport-McMoRan Inc., often called Freeport, is an American mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona. The company is the world's largest producer of molybdenum, a major copper producer and operates the world's largest gold mine, the Grasberg mine in Papua, Indonesia.
CPNG vs FCX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.5B | $5.3B |
| Net Profit | — | $565.0M |
| Gross Margin | 27.0% | 12.4% |
| Operating Margin | — | 15.4% |
| Net Margin | — | 10.7% |
| Revenue YoY | 7.5% | -10.4% |
| Net Profit YoY | — | -21.6% |
| EPS (diluted) | $-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 | $8.8B | $5.3B | ||
| Q3 25 | $9.3B | $6.8B | ||
| Q2 25 | $8.5B | $7.5B | ||
| Q1 25 | $7.9B | $5.6B | ||
| Q4 24 | $8.0B | $5.9B | ||
| Q3 24 | $7.9B | $6.7B | ||
| Q2 24 | $7.3B | $6.4B |
| Q1 26 | — | — | ||
| Q4 25 | $-26.0M | $565.0M | ||
| Q3 25 | $95.0M | $1.2B | ||
| Q2 25 | $32.0M | $1.5B | ||
| Q1 25 | $107.0M | $793.0M | ||
| Q4 24 | $156.0M | $721.0M | ||
| Q3 24 | $70.0M | $1.2B | ||
| Q2 24 | $-77.0M | $1.3B |
| Q1 26 | 27.0% | — | ||
| Q4 25 | 28.8% | 12.4% | ||
| Q3 25 | 29.4% | 29.2% | ||
| Q2 25 | 30.0% | 34.2% | ||
| Q1 25 | 29.3% | 24.3% | ||
| Q4 24 | 31.3% | 27.0% | ||
| Q3 24 | 28.8% | 30.0% | ||
| Q2 24 | 29.3% | 31.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 15.4% | ||
| Q3 25 | 1.7% | 28.9% | ||
| Q2 25 | 1.7% | 32.3% | ||
| Q1 25 | 1.9% | 23.4% | ||
| Q4 24 | 3.9% | 21.1% | ||
| Q3 24 | 1.4% | 29.0% | ||
| Q2 24 | -0.3% | 32.0% |
| Q1 26 | — | — | ||
| Q4 25 | -0.3% | 10.7% | ||
| Q3 25 | 1.0% | 18.3% | ||
| Q2 25 | 0.4% | 20.6% | ||
| Q1 25 | 1.4% | 14.2% | ||
| Q4 24 | 2.0% | 12.3% | ||
| Q3 24 | 0.9% | 18.5% | ||
| Q2 24 | -1.1% | 20.0% |
| Q1 26 | $-0.15 | — | ||
| Q4 25 | $-0.02 | — | ||
| Q3 25 | $0.05 | $0.46 | ||
| Q2 25 | $0.02 | $0.53 | ||
| Q1 25 | $0.06 | $0.24 | ||
| Q4 24 | $0.08 | — | ||
| Q3 24 | $0.04 | $0.36 | ||
| Q2 24 | $-0.04 | $0.42 |
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 | $3.8B |
| Total DebtLower is stronger | $2.3B | $9.4B |
| Stockholders' EquityBook value | $3.9B | $18.9B |
| Total Assets | $17.4B | $58.2B |
| Debt / EquityLower = less leverage | 0.58× | 0.50× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.3B | $3.8B | ||
| Q3 25 | $7.2B | $4.3B | ||
| Q2 25 | $6.8B | $4.5B | ||
| Q1 25 | $6.1B | $4.4B | ||
| Q4 24 | $5.9B | $3.9B | ||
| Q3 24 | $5.8B | $5.0B | ||
| Q2 24 | $5.5B | $5.3B |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $648.0M | $9.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $9.4B | ||
| Q4 24 | $988.0M | $8.9B | ||
| Q3 24 | — | $9.7B | ||
| Q2 24 | — | $9.4B |
| Q1 26 | $3.9B | — | ||
| Q4 25 | $4.6B | $18.9B | ||
| Q3 25 | $4.7B | $18.7B | ||
| Q2 25 | $4.7B | $18.2B | ||
| Q1 25 | $4.4B | $17.7B | ||
| Q4 24 | $4.1B | $17.6B | ||
| Q3 24 | $4.2B | $17.5B | ||
| Q2 24 | $3.9B | $17.4B |
| Q1 26 | $17.4B | — | ||
| Q4 25 | $17.8B | $58.2B | ||
| Q3 25 | $18.7B | $56.8B | ||
| Q2 25 | $17.8B | $56.5B | ||
| Q1 25 | $16.0B | $56.0B | ||
| Q4 24 | $15.3B | $54.8B | ||
| Q3 24 | $16.3B | $55.4B | ||
| Q2 24 | $15.2B | $54.6B |
| Q1 26 | 0.58× | — | ||
| Q4 25 | 0.14× | 0.50× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | 0.24× | 0.51× | ||
| Q3 24 | — | 0.55× | ||
| Q2 24 | — | 0.54× |
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 | $184.0M | $693.0M |
| Free Cash FlowOCF − Capex | $-110.0M | $-312.0M |
| FCF MarginFCF / Revenue | -1.3% | -5.9% |
| Capex IntensityCapex / Revenue | — | 19.1% |
| Cash ConversionOCF / Net Profit | — | 1.23× |
| TTM Free Cash FlowTrailing 4 quarters | $297.0M | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $184.0M | — | ||
| Q4 25 | $82.0M | $693.0M | ||
| Q3 25 | $792.0M | $1.7B | ||
| Q2 25 | $545.0M | $2.2B | ||
| Q1 25 | $354.0M | $1.1B | ||
| Q4 24 | $676.0M | $1.4B | ||
| Q3 24 | $334.0M | $1.9B | ||
| Q2 24 | $664.0M | $2.0B |
| Q1 26 | $-110.0M | — | ||
| Q4 25 | $-278.0M | $-312.0M | ||
| Q3 25 | $439.0M | $608.0M | ||
| Q2 25 | $246.0M | $934.0M | ||
| Q1 25 | $115.0M | $-114.0M | ||
| Q4 24 | $462.0M | $197.0M | ||
| Q3 24 | $-46.0M | $673.0M | ||
| Q2 24 | $486.0M | $840.0M |
| Q1 26 | -1.3% | — | ||
| Q4 25 | -3.1% | -5.9% | ||
| Q3 25 | 4.7% | 8.9% | ||
| Q2 25 | 2.9% | 12.4% | ||
| Q1 25 | 1.5% | -2.0% | ||
| Q4 24 | 5.8% | 3.4% | ||
| Q3 24 | -0.6% | 10.1% | ||
| Q2 24 | 6.6% | 13.1% |
| Q1 26 | — | — | ||
| Q4 25 | 4.1% | 19.1% | ||
| Q3 25 | 3.8% | 15.5% | ||
| Q2 25 | 3.5% | 16.8% | ||
| Q1 25 | 3.0% | 21.0% | ||
| Q4 24 | 2.7% | 21.1% | ||
| Q3 24 | 4.8% | 17.9% | ||
| Q2 24 | 2.4% | 17.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.23× | ||
| Q3 25 | 8.34× | 1.33× | ||
| Q2 25 | 17.03× | 1.42× | ||
| Q1 25 | 3.31× | 1.33× | ||
| Q4 24 | 4.33× | 1.99× | ||
| Q3 24 | 4.77× | 1.51× | ||
| Q2 24 | — | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CPNG
Segment breakdown not available.
FCX
| Morenci | $2.5B | 47% |
| Grasberg Segment | $964.0M | 18% |
| Copper In Concentrates | $934.0M | 18% |
| Molybdenum | $541.0M | 10% |
| Gold | $388.0M | 7% |
