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酷澎（CPNG）与宣伟（SHW）财务数据对比。点击上方公司名可切换其他公司
酷澎的季度营收约是宣伟的1.6倍（$8.8B vs $5.7B），宣伟净利率更高（9.4% vs -0.3%，领先9.7%），酷澎同比增速更快（10.9% vs 6.8%），过去两年酷澎的营收复合增速更高（11.4% vs -4.9%）
酷澎（Coupang, Inc.）是2010年由金范锡创立的科技与线上零售企业，注册地为美国特拉华州，总部设于华盛顿州西雅图。公司核心业务覆盖电商零售、食品配送及OTT流媒体服务，业务布局及办公网点遍及韩国、中国台湾、美国、印度、日本、新加坡等多个国家和地区。
宣伟是总部位于美国俄亥俄州克利夫兰的涂料企业，主要从事涂料、地坪覆盖材料及相关产品的生产、分销与销售业务，业务覆盖全球超过120个国家，截至2024年按营收计为全球规模最大的涂料企业。
CPNG vs SHW — 直观对比
营收规模更大
CPNG
是对方的1.6倍
$5.7B
营收增速更快
CPNG
高出4.1%
6.8%
净利率更高
SHW
高出9.7%
-0.3%
两年增速更快
CPNG
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $8.8B | $5.7B |
| 净利润 | $-26.0M | $534.7M |
| 毛利率 | 28.8% | 49.1% |
| 营业利润率 | 0.1% | — |
| 净利率 | -0.3% | 9.4% |
| 营收同比 | 10.9% | 6.8% |
| 净利润同比 | -116.7% | 6.1% |
| 每股收益（稀释后） | $-0.02 | $2.15 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CPNGSHW
| Q1 26 | — | $5.7B | ||
| Q4 25 | $8.8B | $5.6B | ||
| Q3 25 | $9.3B | $6.4B | ||
| Q2 25 | $8.5B | $6.3B | ||
| Q1 25 | $7.9B | $5.3B | ||
| Q4 24 | $8.0B | $5.3B | ||
| Q3 24 | $7.9B | $6.2B | ||
| Q2 24 | $7.3B | $6.3B |
净利润CPNGSHW
| Q1 26 | — | $534.7M | ||
| Q4 25 | $-26.0M | $476.8M | ||
| Q3 25 | $95.0M | $833.1M | ||
| Q2 25 | $32.0M | $754.7M | ||
| Q1 25 | $107.0M | $503.9M | ||
| Q4 24 | $156.0M | $480.1M | ||
| Q3 24 | $70.0M | $806.2M | ||
| Q2 24 | $-77.0M | $889.9M |
毛利率CPNGSHW
| Q1 26 | — | 49.1% | ||
| Q4 25 | 28.8% | 48.5% | ||
| Q3 25 | 29.4% | 49.2% | ||
| Q2 25 | 30.0% | 49.4% | ||
| Q1 25 | 29.3% | 48.2% | ||
| Q4 24 | 31.3% | 48.6% | ||
| Q3 24 | 28.8% | 49.1% | ||
| Q2 24 | 29.3% | 48.8% |
营业利润率CPNGSHW
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 11.4% | ||
| Q3 25 | 1.7% | 16.7% | ||
| Q2 25 | 1.7% | 15.6% | ||
| Q1 25 | 1.9% | 12.3% | ||
| Q4 24 | 3.9% | 11.6% | ||
| Q3 24 | 1.4% | 21.4% | ||
| Q2 24 | -0.3% | 22.5% |
净利率CPNGSHW
| Q1 26 | — | 9.4% | ||
| Q4 25 | -0.3% | 8.5% | ||
| Q3 25 | 1.0% | 13.1% | ||
| Q2 25 | 0.4% | 12.0% | ||
| Q1 25 | 1.4% | 9.5% | ||
| Q4 24 | 2.0% | 9.1% | ||
| Q3 24 | 0.9% | 13.1% | ||
| Q2 24 | -1.1% | 14.2% |
每股收益（稀释后）CPNGSHW
| Q1 26 | — | $2.15 | ||
| Q4 25 | $-0.02 | $1.91 | ||
| Q3 25 | $0.05 | $3.35 | ||
| Q2 25 | $0.02 | $3.00 | ||
| Q1 25 | $0.06 | $2.00 | ||
| Q4 24 | $0.08 | $1.90 | ||
| Q3 24 | $0.04 | $3.18 | ||
| Q2 24 | $-0.04 | $3.50 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $6.3B | $216.9K |
| 总债务越低越好 | $648.0M | $11.7M |
| 股东权益账面价值 | $4.6B | $4.4M |
| 总资产 | $17.8B | $26.4M |
| 负债/权益比越低杠杆越低 | 0.14× | 2.64× |
8季度趋势，按日历期对齐
现金及短期投资CPNGSHW
| Q1 26 | — | $216.9K | ||
| Q4 25 | $6.3B | $207.2M | ||
| Q3 25 | $7.2B | $241.5M | ||
| Q2 25 | $6.8B | $269.8M | ||
| Q1 25 | $6.1B | $199.8M | ||
| Q4 24 | $5.9B | $210.4M | ||
| Q3 24 | $5.8B | $238.2M | ||
| Q2 24 | $5.5B | $200.0M |
总债务CPNGSHW
| Q1 26 | — | $11.7M | ||
| Q4 25 | $648.0M | $9.7B | ||
| Q3 25 | — | $9.7B | ||
| Q2 25 | — | $9.0B | ||
| Q1 25 | — | $9.0B | ||
| Q4 24 | $988.0M | $9.2B | ||
| Q3 24 | — | $9.2B | ||
| Q2 24 | — | $9.0B |
股东权益CPNGSHW
| Q1 26 | — | $4.4M | ||
| Q4 25 | $4.6B | $4.6B | ||
| Q3 25 | $4.7B | $4.4B | ||
| Q2 25 | $4.7B | $4.4B | ||
| Q1 25 | $4.4B | $4.1B | ||
| Q4 24 | $4.1B | $4.1B | ||
| Q3 24 | $4.2B | $4.2B | ||
| Q2 24 | $3.9B | $3.8B |
总资产CPNGSHW
| Q1 26 | — | $26.4M | ||
| Q4 25 | $17.8B | $25.9B | ||
| Q3 25 | $18.7B | $26.2B | ||
| Q2 25 | $17.8B | $25.4B | ||
| Q1 25 | $16.0B | $24.6B | ||
| Q4 24 | $15.3B | $23.6B | ||
| Q3 24 | $16.3B | $24.0B | ||
| Q2 24 | $15.2B | $23.7B |
负债/权益比CPNGSHW
| Q1 26 | — | 2.64× | ||
| Q4 25 | 0.14× | 2.10× | ||
| Q3 25 | — | 2.18× | ||
| Q2 25 | — | 2.04× | ||
| Q1 25 | — | 2.17× | ||
| Q4 24 | 0.24× | 2.28× | ||
| Q3 24 | — | 2.22× | ||
| Q2 24 | — | 2.39× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $82.0M | — |
| 自由现金流经营现金流 - 资本支出 | $-278.0M | — |
| 自由现金流率自由现金流/营收 | -3.1% | — |
| 资本支出强度资本支出/营收 | 4.1% | 2.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $522.0M | — |
8季度趋势，按日历期对齐
经营现金流CPNGSHW
| Q1 26 | — | — | ||
| Q4 25 | $82.0M | $1.1B | ||
| Q3 25 | $792.0M | $1.3B | ||
| Q2 25 | $545.0M | $1.1B | ||
| Q1 25 | $354.0M | $-61.1M | ||
| Q4 24 | $676.0M | $934.5M | ||
| Q3 24 | $334.0M | $1.1B | ||
| Q2 24 | $664.0M | $1.2B |
自由现金流CPNGSHW
| Q1 26 | — | — | ||
| Q4 25 | $-278.0M | $862.1M | ||
| Q3 25 | $439.0M | $1.1B | ||
| Q2 25 | $246.0M | $931.1M | ||
| Q1 25 | $115.0M | $-250.4M | ||
| Q4 24 | $462.0M | $634.5M | ||
| Q3 24 | $-46.0M | $839.4M | ||
| Q2 24 | $486.0M | $952.0M |
自由现金流率CPNGSHW
| Q1 26 | — | — | ||
| Q4 25 | -3.1% | 15.4% | ||
| Q3 25 | 4.7% | 17.5% | ||
| Q2 25 | 2.9% | 14.7% | ||
| Q1 25 | 1.5% | -4.7% | ||
| Q4 24 | 5.8% | 12.0% | ||
| Q3 24 | -0.6% | 13.6% | ||
| Q2 24 | 6.6% | 15.2% |
资本支出强度CPNGSHW
| Q1 26 | — | 2.4% | ||
| Q4 25 | 4.1% | 4.1% | ||
| Q3 25 | 3.8% | 3.1% | ||
| Q2 25 | 3.5% | 2.9% | ||
| Q1 25 | 3.0% | 3.6% | ||
| Q4 24 | 2.7% | 5.7% | ||
| Q3 24 | 4.8% | 3.8% | ||
| Q2 24 | 2.4% | 4.0% |
现金转化率CPNGSHW
| Q1 26 | — | — | ||
| Q4 25 | — | 2.29× | ||
| Q3 25 | 8.34× | 1.57× | ||
| Q2 25 | 17.03× | 1.47× | ||
| Q1 25 | 3.31× | -0.12× | ||
| Q4 24 | 4.33× | 1.95× | ||
| Q3 24 | 4.77× | 1.33× | ||
| Q2 24 | — | 1.35× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CPNG
| Products | $6.6B | 75% |
| Third Party Merchant Services | $1.9B | 22% |
| Service Other | $296.0M | 3% |
SHW
暂无分部数据
