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Side-by-side financial comparison of Coupang, Inc. (CPNG) and Revolve Group, Inc. (RVLV). Click either name above to swap in a different company.
Coupang, Inc. is the larger business by last-quarter revenue ($8.8B vs $324.4M, roughly 27.2× Revolve Group, Inc.). Revolve Group, Inc. runs the higher net margin — 5.7% vs -0.3%, a 6.0% gap on every dollar of revenue. On growth, Coupang, Inc. posted the faster year-over-year revenue change (10.9% vs 10.4%). Revolve Group, Inc. produced more free cash flow last quarter ($-13.3M vs $-278.0M). Over the past eight quarters, Coupang, Inc.'s revenue compounded faster (11.4% CAGR vs 9.5%).
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.
Revolve Theatre Company is a Henley-on-Thames based theatre company specialising in political and Shakespearean plays. The company is owned by Oliver Dench, Joe Morris and Tom Smith.
CPNG vs RVLV — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $8.8B | $324.4M |
| Net Profit | $-26.0M | $18.6M |
| Gross Margin | 28.8% | 53.3% |
| Operating Margin | 0.1% | 6.3% |
| Net Margin | -0.3% | 5.7% |
| Revenue YoY | 10.9% | 10.4% |
| Net Profit YoY | -116.7% | 50.4% |
| EPS (diluted) | $-0.02 | $0.27 |
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 | $324.4M | ||
| Q3 25 | $9.3B | $295.6M | ||
| Q2 25 | $8.5B | $309.0M | ||
| Q1 25 | $7.9B | $296.7M | ||
| Q4 24 | $8.0B | $293.7M | ||
| Q3 24 | $7.9B | $283.1M | ||
| Q2 24 | $7.3B | $282.5M | ||
| Q1 24 | $7.1B | $270.6M |
| Q4 25 | $-26.0M | $18.6M | ||
| Q3 25 | $95.0M | $21.2M | ||
| Q2 25 | $32.0M | $10.2M | ||
| Q1 25 | $107.0M | $11.8M | ||
| Q4 24 | $156.0M | $12.3M | ||
| Q3 24 | $70.0M | $11.0M | ||
| Q2 24 | $-77.0M | $15.4M | ||
| Q1 24 | $5.0M | $10.9M |
| Q4 25 | 28.8% | 53.3% | ||
| Q3 25 | 29.4% | 54.6% | ||
| Q2 25 | 30.0% | 54.1% | ||
| Q1 25 | 29.3% | 52.0% | ||
| Q4 24 | 31.3% | 52.5% | ||
| Q3 24 | 28.8% | 51.2% | ||
| Q2 24 | 29.3% | 54.0% | ||
| Q1 24 | 27.1% | 52.3% |
| Q4 25 | 0.1% | 6.3% | ||
| Q3 25 | 1.7% | 7.1% | ||
| Q2 25 | 1.7% | 5.8% | ||
| Q1 25 | 1.9% | 5.0% | ||
| Q4 24 | 3.9% | 3.9% | ||
| Q3 24 | 1.4% | 5.0% | ||
| Q2 24 | -0.3% | 5.8% | ||
| Q1 24 | 0.6% | 3.4% |
| Q4 25 | -0.3% | 5.7% | ||
| Q3 25 | 1.0% | 7.2% | ||
| Q2 25 | 0.4% | 3.3% | ||
| Q1 25 | 1.4% | 4.0% | ||
| Q4 24 | 2.0% | 4.2% | ||
| Q3 24 | 0.9% | 3.9% | ||
| Q2 24 | -1.1% | 5.4% | ||
| Q1 24 | 0.1% | 4.0% |
| Q4 25 | $-0.02 | $0.27 | ||
| Q3 25 | $0.05 | $0.29 | ||
| Q2 25 | $0.02 | $0.14 | ||
| Q1 25 | $0.06 | $0.16 | ||
| Q4 24 | $0.08 | $0.18 | ||
| Q3 24 | $0.04 | $0.15 | ||
| Q2 24 | $-0.04 | $0.21 | ||
| Q1 24 | $0.00 | $0.15 |
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 | $292.3M |
| Total DebtLower is stronger | $648.0M | — |
| Stockholders' EquityBook value | $4.6B | $512.5M |
| Total Assets | $17.8B | $765.0M |
| Debt / EquityLower = less leverage | 0.14× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.3B | $292.3M | ||
| Q3 25 | $7.2B | $315.4M | ||
| Q2 25 | $6.8B | $310.7M | ||
| Q1 25 | $6.1B | $300.8M | ||
| Q4 24 | $5.9B | $256.6M | ||
| Q3 24 | $5.8B | $252.8M | ||
| Q2 24 | $5.5B | $244.7M | ||
| Q1 24 | $5.2B | $273.4M |
| Q4 25 | $648.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $988.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $4.6B | $512.5M | ||
| Q3 25 | $4.7B | $490.2M | ||
| Q2 25 | $4.7B | $468.6M | ||
| Q1 25 | $4.4B | $453.4M | ||
| Q4 24 | $4.1B | $437.8M | ||
| Q3 24 | $4.2B | $420.8M | ||
| Q2 24 | $3.9B | $405.8M | ||
| Q1 24 | $4.1B | $389.9M |
| Q4 25 | $17.8B | $765.0M | ||
| Q3 25 | $18.7B | $751.3M | ||
| Q2 25 | $17.8B | $722.9M | ||
| Q1 25 | $16.0B | $713.9M | ||
| Q4 24 | $15.3B | $665.5M | ||
| Q3 24 | $16.3B | $670.9M | ||
| Q2 24 | $15.2B | $657.8M | ||
| Q1 24 | $14.9B | $650.0M |
| 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 | $-10.2M |
| Free Cash FlowOCF − Capex | $-278.0M | $-13.3M |
| FCF MarginFCF / Revenue | -3.1% | -4.1% |
| Capex IntensityCapex / Revenue | 4.1% | 1.0% |
| Cash ConversionOCF / Net Profit | — | -0.55× |
| TTM Free Cash FlowTrailing 4 quarters | $522.0M | $48.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $82.0M | $-10.2M | ||
| Q3 25 | $792.0M | $11.8M | ||
| Q2 25 | $545.0M | $12.6M | ||
| Q1 25 | $354.0M | $45.1M | ||
| Q4 24 | $676.0M | $3.9M | ||
| Q3 24 | $334.0M | $9.1M | ||
| Q2 24 | $664.0M | $-24.7M | ||
| Q1 24 | $212.0M | $38.4M |
| Q4 25 | $-278.0M | $-13.3M | ||
| Q3 25 | $439.0M | $7.5M | ||
| Q2 25 | $246.0M | $10.4M | ||
| Q1 25 | $115.0M | $43.4M | ||
| Q4 24 | $462.0M | $2.1M | ||
| Q3 24 | $-46.0M | $8.0M | ||
| Q2 24 | $486.0M | $-25.7M | ||
| Q1 24 | $105.0M | $36.7M |
| Q4 25 | -3.1% | -4.1% | ||
| Q3 25 | 4.7% | 2.5% | ||
| Q2 25 | 2.9% | 3.4% | ||
| Q1 25 | 1.5% | 14.6% | ||
| Q4 24 | 5.8% | 0.7% | ||
| Q3 24 | -0.6% | 2.8% | ||
| Q2 24 | 6.6% | -9.1% | ||
| Q1 24 | 1.5% | 13.5% |
| Q4 25 | 4.1% | 1.0% | ||
| Q3 25 | 3.8% | 1.5% | ||
| Q2 25 | 3.5% | 0.7% | ||
| Q1 25 | 3.0% | 0.6% | ||
| Q4 24 | 2.7% | 0.6% | ||
| Q3 24 | 4.8% | 0.4% | ||
| Q2 24 | 2.4% | 0.4% | ||
| Q1 24 | 1.5% | 0.6% |
| Q4 25 | — | -0.55× | ||
| Q3 25 | 8.34× | 0.56× | ||
| Q2 25 | 17.03× | 1.24× | ||
| Q1 25 | 3.31× | 3.82× | ||
| Q4 24 | 4.33× | 0.32× | ||
| Q3 24 | 4.77× | 0.83× | ||
| Q2 24 | — | -1.60× | ||
| Q1 24 | 42.40× | 3.53× |
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% |
RVLV
| Fashion Apparel | $155.1M | 48% |
| Dresses | $76.4M | 24% |
| Handbags Shoes And Accessories | $67.6M | 21% |
| Beauty | $20.3M | 6% |
| Manufactured Product Other | $5.0M | 2% |
| Breakage On Store Credit And Gift Cards | $900.0K | 0% |
