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Side-by-side financial comparison of Coupang, Inc. (CPNG) and Oracle Corporation (ORCL). Click either name above to swap in a different company.
Oracle Corporation is the larger business by last-quarter revenue ($16.1B vs $8.8B, roughly 1.8× Coupang, Inc.). Oracle Corporation runs the higher net margin — 38.2% vs -0.3%, a 38.5% gap on every dollar of revenue. On growth, Oracle Corporation posted the faster year-over-year revenue change (14.2% vs 10.9%). Coupang, Inc. produced more free cash flow last quarter ($-278.0M vs $-10.0B). Over the past eight quarters, Coupang, Inc.'s revenue compounded faster (11.4% CAGR vs 10.0%).
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.
An oracle is a person or thing considered to provide insight, wise counsel or prophetic predictions, most notably including precognition of the future, inspired by deities. If done through occultic means, it is a form of divination.
CPNG vs ORCL — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $8.8B | $16.1B |
| Net Profit | $-26.0M | $6.1B |
| Gross Margin | 28.8% | — |
| Operating Margin | 0.1% | 29.5% |
| Net Margin | -0.3% | 38.2% |
| Revenue YoY | 10.9% | 14.2% |
| Net Profit YoY | -116.7% | 94.7% |
| EPS (diluted) | $-0.02 | $2.10 |
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 | $16.1B | ||
| Q3 25 | $9.3B | $14.9B | ||
| Q2 25 | $8.5B | $15.9B | ||
| Q1 25 | $7.9B | $14.1B | ||
| Q4 24 | $8.0B | $14.1B | ||
| Q3 24 | $7.9B | $13.3B | ||
| Q2 24 | $7.3B | $14.3B | ||
| Q1 24 | $7.1B | $13.3B |
| Q4 25 | $-26.0M | $6.1B | ||
| Q3 25 | $95.0M | $2.9B | ||
| Q2 25 | $32.0M | $3.4B | ||
| Q1 25 | $107.0M | $2.9B | ||
| Q4 24 | $156.0M | $3.2B | ||
| Q3 24 | $70.0M | $2.9B | ||
| Q2 24 | $-77.0M | $3.1B | ||
| Q1 24 | $5.0M | $2.4B |
| 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% | 29.5% | ||
| Q3 25 | 1.7% | 28.7% | ||
| Q2 25 | 1.7% | 32.1% | ||
| Q1 25 | 1.9% | 30.8% | ||
| Q4 24 | 3.9% | 30.0% | ||
| Q3 24 | 1.4% | 30.0% | ||
| Q2 24 | -0.3% | 32.8% | ||
| Q1 24 | 0.6% | 28.2% |
| Q4 25 | -0.3% | 38.2% | ||
| Q3 25 | 1.0% | 19.6% | ||
| Q2 25 | 0.4% | 21.5% | ||
| Q1 25 | 1.4% | 20.8% | ||
| Q4 24 | 2.0% | 22.4% | ||
| Q3 24 | 0.9% | 22.0% | ||
| Q2 24 | -1.1% | 22.0% | ||
| Q1 24 | 0.1% | 18.1% |
| Q4 25 | $-0.02 | $2.10 | ||
| Q3 25 | $0.05 | $1.01 | ||
| Q2 25 | $0.02 | $1.19 | ||
| Q1 25 | $0.06 | $1.02 | ||
| Q4 24 | $0.08 | $1.10 | ||
| Q3 24 | $0.04 | $1.03 | ||
| Q2 24 | $-0.04 | $1.11 | ||
| Q1 24 | $0.00 | $0.85 |
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 | $19.2B |
| Total DebtLower is stronger | $648.0M | — |
| Stockholders' EquityBook value | $4.6B | $30.0B |
| Total Assets | $17.8B | $205.0B |
| Debt / EquityLower = less leverage | 0.14× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.3B | $19.2B | ||
| Q3 25 | $7.2B | $10.4B | ||
| Q2 25 | $6.8B | $10.8B | ||
| Q1 25 | $6.1B | $17.4B | ||
| Q4 24 | $5.9B | $10.9B | ||
| Q3 24 | $5.8B | $10.6B | ||
| Q2 24 | $5.5B | $10.5B | ||
| Q1 24 | $5.2B | $9.5B |
| Q4 25 | $648.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $988.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $4.6B | $30.0B | ||
| Q3 25 | $4.7B | $24.2B | ||
| Q2 25 | $4.7B | $20.5B | ||
| Q1 25 | $4.4B | $16.7B | ||
| Q4 24 | $4.1B | $13.7B | ||
| Q3 24 | $4.2B | $10.8B | ||
| Q2 24 | $3.9B | $8.7B | ||
| Q1 24 | $4.1B | $5.6B |
| Q4 25 | $17.8B | $205.0B | ||
| Q3 25 | $18.7B | $180.4B | ||
| Q2 25 | $17.8B | $168.4B | ||
| Q1 25 | $16.0B | $161.4B | ||
| Q4 24 | $15.3B | $148.5B | ||
| Q3 24 | $16.3B | $144.2B | ||
| Q2 24 | $15.2B | $141.0B | ||
| Q1 24 | $14.9B | $137.1B |
| Q4 25 | 0.14× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.24× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $2.1B |
| Free Cash FlowOCF − Capex | $-278.0M | $-10.0B |
| FCF MarginFCF / Revenue | -3.1% | -62.1% |
| Capex IntensityCapex / Revenue | 4.1% | 74.9% |
| Cash ConversionOCF / Net Profit | — | 0.34× |
| TTM Free Cash FlowTrailing 4 quarters | $522.0M | $-13.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $82.0M | $2.1B | ||
| Q3 25 | $792.0M | $8.1B | ||
| Q2 25 | $545.0M | $6.2B | ||
| Q1 25 | $354.0M | $5.9B | ||
| Q4 24 | $676.0M | $1.3B | ||
| Q3 24 | $334.0M | $7.4B | ||
| Q2 24 | $664.0M | $6.1B | ||
| Q1 24 | $212.0M | $5.5B |
| Q4 25 | $-278.0M | $-10.0B | ||
| Q3 25 | $439.0M | $-362.0M | ||
| Q2 25 | $246.0M | $-2.9B | ||
| Q1 25 | $115.0M | $71.0M | ||
| Q4 24 | $462.0M | $-2.7B | ||
| Q3 24 | $-46.0M | $5.1B | ||
| Q2 24 | $486.0M | $3.3B | ||
| Q1 24 | $105.0M | $3.8B |
| Q4 25 | -3.1% | -62.1% | ||
| Q3 25 | 4.7% | -2.4% | ||
| Q2 25 | 2.9% | -18.4% | ||
| Q1 25 | 1.5% | 0.5% | ||
| Q4 24 | 5.8% | -19.0% | ||
| Q3 24 | -0.6% | 38.5% | ||
| Q2 24 | 6.6% | 23.0% | ||
| Q1 24 | 1.5% | 28.6% |
| Q4 25 | 4.1% | 74.9% | ||
| Q3 25 | 3.8% | 57.0% | ||
| Q2 25 | 3.5% | 57.1% | ||
| Q1 25 | 3.0% | 41.5% | ||
| Q4 24 | 2.7% | 28.2% | ||
| Q3 24 | 4.8% | 17.3% | ||
| Q2 24 | 2.4% | 19.6% | ||
| Q1 24 | 1.5% | 12.6% |
| Q4 25 | — | 0.34× | ||
| Q3 25 | 8.34× | 2.78× | ||
| Q2 25 | 17.03× | 1.80× | ||
| Q1 25 | 3.31× | 2.02× | ||
| Q4 24 | 4.33× | 0.41× | ||
| Q3 24 | 4.77× | 2.54× | ||
| Q2 24 | — | 1.93× | ||
| Q1 24 | 42.40× | 2.28× |
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% |
ORCL
| Software Support | $4.9B | 31% |
| Cloud Infrastructure | $4.1B | 25% |
| Cloud Applications | $3.9B | 24% |
| Services Business | $1.4B | 9% |
| Software License | $939.0M | 6% |
| Hardware Business | $776.0M | 5% |
