vs
Side-by-side financial comparison of Coupang, Inc. (CPNG) and PG&E Corporation (PCG). Click either name above to swap in a different company.
Coupang, Inc. is the larger business by last-quarter revenue ($8.5B vs $6.9B, roughly 1.2× PG&E Corporation). On growth, PG&E Corporation posted the faster year-over-year revenue change (15.0% vs 7.5%). Over the past eight quarters, Coupang, Inc.'s revenue compounded faster (7.8% CAGR vs 7.2%).
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.
Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU). The company is headquartered at Kaiser Center, in Oakland, California. PG&E provides natural gas and electricity to 5.2 million households in the northern two-thirds of California, from Bakersfield and northern Santa Barbara County, almost to the Oregon and Nevada state lines.
CPNG vs PCG — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $8.5B | $6.9B |
| Net Profit | — | $885.0M |
| Gross Margin | 27.0% | — |
| Operating Margin | — | 21.4% |
| Net Margin | — | 12.9% |
| Revenue YoY | 7.5% | 15.0% |
| Net Profit YoY | — | 39.6% |
| EPS (diluted) | $-0.15 | $0.39 |
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 | $6.9B | ||
| Q4 25 | $8.8B | $6.8B | ||
| Q3 25 | $9.3B | $6.3B | ||
| Q2 25 | $8.5B | $5.9B | ||
| Q1 25 | $7.9B | $6.0B | ||
| Q4 24 | $8.0B | $6.6B | ||
| Q3 24 | $7.9B | $5.9B | ||
| Q2 24 | $7.3B | $6.0B |
| Q1 26 | — | $885.0M | ||
| Q4 25 | $-26.0M | $670.0M | ||
| Q3 25 | $95.0M | $850.0M | ||
| Q2 25 | $32.0M | $549.0M | ||
| Q1 25 | $107.0M | $634.0M | ||
| Q4 24 | $156.0M | $674.0M | ||
| Q3 24 | $70.0M | $579.0M | ||
| Q2 24 | $-77.0M | $524.0M |
| Q1 26 | 27.0% | — | ||
| 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 26 | — | 21.4% | ||
| Q4 25 | 0.1% | 18.0% | ||
| Q3 25 | 1.7% | 19.3% | ||
| Q2 25 | 1.7% | 18.6% | ||
| Q1 25 | 1.9% | 20.4% | ||
| Q4 24 | 3.9% | 15.4% | ||
| Q3 24 | 1.4% | 17.3% | ||
| Q2 24 | -0.3% | 18.9% |
| Q1 26 | — | 12.9% | ||
| Q4 25 | -0.3% | 9.8% | ||
| Q3 25 | 1.0% | 13.6% | ||
| Q2 25 | 0.4% | 9.3% | ||
| Q1 25 | 1.4% | 10.6% | ||
| Q4 24 | 2.0% | 10.2% | ||
| Q3 24 | 0.9% | 9.7% | ||
| Q2 24 | -1.1% | 8.8% |
| Q1 26 | $-0.15 | $0.39 | ||
| Q4 25 | $-0.02 | $0.29 | ||
| Q3 25 | $0.05 | $0.37 | ||
| Q2 25 | $0.02 | $0.24 | ||
| Q1 25 | $0.06 | $0.28 | ||
| Q4 24 | $0.08 | $0.30 | ||
| Q3 24 | $0.04 | $0.27 | ||
| Q2 24 | $-0.04 | $0.24 |
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 | — |
| Total DebtLower is stronger | $2.3B | — |
| Stockholders' EquityBook value | $3.9B | — |
| Total Assets | $17.4B | — |
| Debt / EquityLower = less leverage | 0.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.3B | $713.0M | ||
| Q3 25 | $7.2B | $404.0M | ||
| Q2 25 | $6.8B | $494.0M | ||
| Q1 25 | $6.1B | $2.0B | ||
| Q4 24 | $5.9B | $940.0M | ||
| Q3 24 | $5.8B | $895.0M | ||
| Q2 24 | $5.5B | $1.3B |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $648.0M | $57.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $988.0M | $53.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $3.9B | — | ||
| Q4 25 | $4.6B | $32.5B | ||
| Q3 25 | $4.7B | $32.0B | ||
| Q2 25 | $4.7B | $31.2B | ||
| Q1 25 | $4.4B | $30.7B | ||
| Q4 24 | $4.1B | $30.1B | ||
| Q3 24 | $4.2B | $26.8B | ||
| Q2 24 | $3.9B | $26.3B |
| Q1 26 | $17.4B | — | ||
| Q4 25 | $17.8B | $141.6B | ||
| Q3 25 | $18.7B | $138.2B | ||
| Q2 25 | $17.8B | $136.4B | ||
| Q1 25 | $16.0B | $135.4B | ||
| Q4 24 | $15.3B | $133.7B | ||
| Q3 24 | $16.3B | $132.3B | ||
| Q2 24 | $15.2B | $130.8B |
| Q1 26 | 0.58× | — | ||
| Q4 25 | 0.14× | 1.76× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.24× | 1.78× | ||
| Q3 24 | — | — | ||
| Q2 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 | $184.0M | — |
| Free Cash FlowOCF − Capex | $-110.0M | — |
| FCF MarginFCF / Revenue | -1.3% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $297.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $184.0M | — | ||
| Q4 25 | $82.0M | $2.0B | ||
| Q3 25 | $792.0M | $2.9B | ||
| Q2 25 | $545.0M | $1.1B | ||
| Q1 25 | $354.0M | $2.8B | ||
| Q4 24 | $676.0M | $1.9B | ||
| Q3 24 | $334.0M | $3.1B | ||
| Q2 24 | $664.0M | $711.0M |
| Q1 26 | $-110.0M | — | ||
| Q4 25 | $-278.0M | $-1.2B | ||
| Q3 25 | $439.0M | $-80.0M | ||
| Q2 25 | $246.0M | $-2.0B | ||
| Q1 25 | $115.0M | $213.0M | ||
| Q4 24 | $462.0M | $-896.0M | ||
| Q3 24 | $-46.0M | $526.0M | ||
| Q2 24 | $486.0M | $-1.6B |
| Q1 26 | -1.3% | — | ||
| Q4 25 | -3.1% | -17.6% | ||
| Q3 25 | 4.7% | -1.3% | ||
| Q2 25 | 2.9% | -34.0% | ||
| Q1 25 | 1.5% | 3.6% | ||
| Q4 24 | 5.8% | -13.5% | ||
| Q3 24 | -0.6% | 8.9% | ||
| Q2 24 | 6.6% | -26.5% |
| Q1 26 | — | — | ||
| Q4 25 | 4.1% | 46.4% | ||
| Q3 25 | 3.8% | 46.9% | ||
| Q2 25 | 3.5% | 52.0% | ||
| Q1 25 | 3.0% | 44.0% | ||
| Q4 24 | 2.7% | 42.6% | ||
| Q3 24 | 4.8% | 43.8% | ||
| Q2 24 | 2.4% | 38.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.93× | ||
| Q3 25 | 8.34× | 3.35× | ||
| Q2 25 | 17.03× | 1.93× | ||
| Q1 25 | 3.31× | 4.49× | ||
| Q4 24 | 4.33× | 2.87× | ||
| Q3 24 | 4.77× | 5.41× | ||
| Q2 24 | — | 1.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CPNG
Segment breakdown not available.
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
