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Side-by-side financial comparison of Coupang, Inc. (CPNG) and PBF Energy Inc. (PBF). Click either name above to swap in a different company.
Coupang, Inc. is the larger business by last-quarter revenue ($8.8B vs $7.1B, roughly 1.2× PBF Energy Inc.). PBF Energy Inc. runs the higher net margin — 1.1% vs -0.3%, a 1.4% gap on every dollar of revenue. On growth, Coupang, Inc. posted the faster year-over-year revenue change (10.9% vs -2.9%). PBF Energy Inc. produced more free cash flow last quarter ($77.0M vs $-278.0M). Over the past eight quarters, Coupang, Inc.'s revenue compounded faster (11.4% CAGR vs -9.1%).
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.
PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The company owns and operated 6 refineries throughout the United States, located in Chalmette, Louisiana; Toledo, Ohio; Paulsboro, New Jersey; the Delaware City Refinery in Delaware City; Torrance, California; Martinez, California. PBF produces a range of products including gasoline, ultra-low-sulfur diese...
CPNG vs PBF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.8B | $7.1B |
| Net Profit | $-26.0M | $78.4M |
| Gross Margin | 28.8% | -1.8% |
| Operating Margin | 0.1% | 1.8% |
| Net Margin | -0.3% | 1.1% |
| Revenue YoY | 10.9% | -2.9% |
| Net Profit YoY | -116.7% | 127.1% |
| EPS (diluted) | $-0.02 | $0.74 |
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 | $7.1B | ||
| Q3 25 | $9.3B | $7.7B | ||
| Q2 25 | $8.5B | $7.5B | ||
| Q1 25 | $7.9B | $7.1B | ||
| Q4 24 | $8.0B | $7.4B | ||
| Q3 24 | $7.9B | $8.4B | ||
| Q2 24 | $7.3B | $8.7B | ||
| Q1 24 | $7.1B | $8.6B |
| Q4 25 | $-26.0M | $78.4M | ||
| Q3 25 | $95.0M | $170.1M | ||
| Q2 25 | $32.0M | $-5.2M | ||
| Q1 25 | $107.0M | $-401.8M | ||
| Q4 24 | $156.0M | $-289.3M | ||
| Q3 24 | $70.0M | $-285.9M | ||
| Q2 24 | $-77.0M | $-65.2M | ||
| Q1 24 | $5.0M | $106.6M |
| Q4 25 | 28.8% | -1.8% | ||
| Q3 25 | 29.4% | 0.5% | ||
| Q2 25 | 30.0% | -0.8% | ||
| Q1 25 | 29.3% | -5.9% | ||
| Q4 24 | 31.3% | -4.2% | ||
| Q3 24 | 28.8% | -3.4% | ||
| Q2 24 | 29.3% | 0.1% | ||
| Q1 24 | 27.1% | 2.5% |
| Q4 25 | 0.1% | 1.8% | ||
| Q3 25 | 1.7% | 3.7% | ||
| Q2 25 | 1.7% | 0.6% | ||
| Q1 25 | 1.9% | -7.2% | ||
| Q4 24 | 3.9% | -5.2% | ||
| Q3 24 | 1.4% | -4.6% | ||
| Q2 24 | -0.3% | -0.9% | ||
| Q1 24 | 0.6% | 1.7% |
| Q4 25 | -0.3% | 1.1% | ||
| Q3 25 | 1.0% | 2.2% | ||
| Q2 25 | 0.4% | -0.1% | ||
| Q1 25 | 1.4% | -5.7% | ||
| Q4 24 | 2.0% | -3.9% | ||
| Q3 24 | 0.9% | -3.4% | ||
| Q2 24 | -1.1% | -0.7% | ||
| Q1 24 | 0.1% | 1.2% |
| Q4 25 | $-0.02 | $0.74 | ||
| Q3 25 | $0.05 | $1.45 | ||
| Q2 25 | $0.02 | $-0.05 | ||
| Q1 25 | $0.06 | $-3.53 | ||
| Q4 24 | $0.08 | $-2.41 | ||
| Q3 24 | $0.04 | $-2.49 | ||
| Q2 24 | $-0.04 | $-0.56 | ||
| Q1 24 | $0.00 | $0.86 |
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 | $527.9M |
| Total DebtLower is stronger | $648.0M | — |
| Stockholders' EquityBook value | $4.6B | $5.3B |
| Total Assets | $17.8B | $13.0B |
| Debt / EquityLower = less leverage | 0.14× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.3B | $527.9M | ||
| Q3 25 | $7.2B | $482.0M | ||
| Q2 25 | $6.8B | $590.7M | ||
| Q1 25 | $6.1B | $468.6M | ||
| Q4 24 | $5.9B | $536.1M | ||
| Q3 24 | $5.8B | $976.7M | ||
| Q2 24 | $5.5B | $1.4B | ||
| Q1 24 | $5.2B | $1.4B |
| Q4 25 | $648.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $988.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $4.6B | $5.3B | ||
| Q3 25 | $4.7B | $5.2B | ||
| Q2 25 | $4.7B | $5.1B | ||
| Q1 25 | $4.4B | $5.1B | ||
| Q4 24 | $4.1B | $5.5B | ||
| Q3 24 | $4.2B | $5.9B | ||
| Q2 24 | $3.9B | $6.3B | ||
| Q1 24 | $4.1B | $6.5B |
| Q4 25 | $17.8B | $13.0B | ||
| Q3 25 | $18.7B | $13.0B | ||
| Q2 25 | $17.8B | $13.0B | ||
| Q1 25 | $16.0B | $13.0B | ||
| Q4 24 | $15.3B | $12.7B | ||
| Q3 24 | $16.3B | $13.1B | ||
| Q2 24 | $15.2B | $14.1B | ||
| Q1 24 | $14.9B | $13.8B |
| 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 | $366.6M |
| Free Cash FlowOCF − Capex | $-278.0M | $77.0M |
| FCF MarginFCF / Revenue | -3.1% | 1.1% |
| Capex IntensityCapex / Revenue | 4.1% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 4.68× |
| TTM Free Cash FlowTrailing 4 quarters | $522.0M | $-783.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $82.0M | $366.6M | ||
| Q3 25 | $792.0M | $25.7M | ||
| Q2 25 | $545.0M | $191.1M | ||
| Q1 25 | $354.0M | $-661.4M | ||
| Q4 24 | $676.0M | $-329.7M | ||
| Q3 24 | $334.0M | $-68.0M | ||
| Q2 24 | $664.0M | $425.3M | ||
| Q1 24 | $212.0M | $15.8M |
| Q4 25 | $-278.0M | $77.0M | ||
| Q3 25 | $439.0M | $-122.8M | ||
| Q2 25 | $246.0M | $35.0M | ||
| Q1 25 | $115.0M | $-772.4M | ||
| Q4 24 | $462.0M | $-425.7M | ||
| Q3 24 | $-46.0M | $-169.8M | ||
| Q2 24 | $486.0M | $371.8M | ||
| Q1 24 | $105.0M | $-123.8M |
| Q4 25 | -3.1% | 1.1% | ||
| Q3 25 | 4.7% | -1.6% | ||
| Q2 25 | 2.9% | 0.5% | ||
| Q1 25 | 1.5% | -10.9% | ||
| Q4 24 | 5.8% | -5.8% | ||
| Q3 24 | -0.6% | -2.0% | ||
| Q2 24 | 6.6% | 4.3% | ||
| Q1 24 | 1.5% | -1.4% |
| Q4 25 | 4.1% | 4.1% | ||
| Q3 25 | 3.8% | 1.9% | ||
| Q2 25 | 3.5% | 2.1% | ||
| Q1 25 | 3.0% | 1.6% | ||
| Q4 24 | 2.7% | 1.3% | ||
| Q3 24 | 4.8% | 1.2% | ||
| Q2 24 | 2.4% | 0.6% | ||
| Q1 24 | 1.5% | 1.6% |
| Q4 25 | — | 4.68× | ||
| Q3 25 | 8.34× | 0.15× | ||
| Q2 25 | 17.03× | — | ||
| Q1 25 | 3.31× | — | ||
| Q4 24 | 4.33× | — | ||
| Q3 24 | 4.77× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 42.40× | 0.15× |
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% |
PBF
| Gasoline And Distillate | $6.4B | 89% |
| Asphaltand Residual Oil | $283.6M | 4% |
| Other | $149.4M | 2% |
| Chemicals | $145.1M | 2% |
| Logistics Group | $93.5M | 1% |
| Lubricants | $81.9M | 1% |
