vs
酷澎（CPNG）与XP Inc.（XP）财务数据对比。点击上方公司名可切换其他公司
XP Inc.的季度营收约是酷澎的1.5倍（$13.5B vs $8.8B），XP Inc.净利率更高（0.0% vs -0.3%，领先0.3%）
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。
XP Inc.是巴西知名投资管理企业，提供固定收益产品、股票、投资基金、私人养老金产品，同时开展财富管理及其他金融服务。公司主要服务巴西本土客户，在圣保罗、里约热内卢、纽约、迈阿密、伦敦、日内瓦均设有办事处。
CPNG vs XP — 直观对比
营收规模更大
XP
是对方的1.5倍
$8.8B
净利率更高
XP
高出0.3%
-0.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.8B | $13.5B |
| 净利润 | $-26.0M | $22.0K |
| 毛利率 | 28.8% | — |
| 营业利润率 | 0.1% | 1.1% |
| 净利率 | -0.3% | 0.0% |
| 营收同比 | 10.9% | — |
| 净利润同比 | -116.7% | — |
| 每股收益（稀释后） | $-0.02 | $536884.00 |
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CPNGXP
| Q4 25 | $8.8B | — | ||
| Q3 25 | $9.3B | $13.5B | ||
| Q2 25 | $8.5B | $8.8B | ||
| Q1 25 | $7.9B | $4.3B | ||
| Q4 24 | $8.0B | — | ||
| Q3 24 | $7.9B | $12.6B | ||
| Q2 24 | $7.3B | $8.3B | ||
| Q1 24 | $7.1B | $4.1B |
净利润CPNGXP
| Q4 25 | $-26.0M | — | ||
| Q3 25 | $95.0M | $22.0K | ||
| Q2 25 | $32.0M | $22.0K | ||
| Q1 25 | $107.0M | $22.0K | ||
| Q4 24 | $156.0M | — | ||
| Q3 24 | $70.0M | $21.0K | ||
| Q2 24 | $-77.0M | $21.0K | ||
| Q1 24 | $5.0M | $21.0K |
毛利率CPNGXP
| 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% | — |
营业利润率CPNGXP
| Q4 25 | 0.1% | — | ||
| Q3 25 | 1.7% | 1.1% | ||
| Q2 25 | 1.7% | 1.0% | ||
| Q1 25 | 1.9% | 1.1% | ||
| Q4 24 | 3.9% | — | ||
| Q3 24 | 1.4% | 1.0% | ||
| Q2 24 | -0.3% | 0.9% | ||
| Q1 24 | 0.6% | 1.0% |
净利率CPNGXP
| Q4 25 | -0.3% | — | ||
| Q3 25 | 1.0% | 0.0% | ||
| Q2 25 | 0.4% | 0.0% | ||
| Q1 25 | 1.4% | 0.0% | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 0.9% | 0.0% | ||
| Q2 24 | -1.1% | 0.0% | ||
| Q1 24 | 0.1% | 0.0% |
每股收益（稀释后）CPNGXP
| Q4 25 | $-0.02 | — | ||
| Q3 25 | $0.05 | $536884.00 | ||
| Q2 25 | $0.02 | $537811.00 | ||
| Q1 25 | $0.06 | $539533.00 | ||
| Q4 24 | $0.08 | — | ||
| Q3 24 | $0.04 | $550958.00 | ||
| Q2 24 | $-0.04 | $554030.00 | ||
| Q1 24 | $0.00 | $556675.00 |
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 | — |
| 总债务越低越好 | $648.0M | — |
| 股东权益账面价值 | $4.6B | $20.0B |
| 总资产 | $17.8B | $347.5B |
| 负债/权益比越低杠杆越低 | 0.14× | — |
8季度趋势，按日历期对齐
现金及短期投资CPNGXP
| Q4 25 | $6.3B | — | ||
| Q3 25 | $7.2B | — | ||
| Q2 25 | $6.8B | — | ||
| Q1 25 | $6.1B | — | ||
| Q4 24 | $5.9B | — | ||
| Q3 24 | $5.8B | — | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $5.2B | — |
总债务CPNGXP
| Q4 25 | $648.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $988.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CPNGXP
| Q4 25 | $4.6B | — | ||
| Q3 25 | $4.7B | $20.0B | ||
| Q2 25 | $4.7B | $20.0B | ||
| Q1 25 | $4.4B | $20.0B | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $4.2B | $19.5B | ||
| Q2 24 | $3.9B | $19.5B | ||
| Q1 24 | $4.1B | $19.5B |
总资产CPNGXP
| Q4 25 | $17.8B | — | ||
| Q3 25 | $18.7B | $347.5B | ||
| Q2 25 | $17.8B | $347.5B | ||
| Q1 25 | $16.0B | $347.5B | ||
| Q4 24 | $15.3B | — | ||
| Q3 24 | $16.3B | $249.0B | ||
| Q2 24 | $15.2B | $249.0B | ||
| Q1 24 | $14.9B | $249.0B |
负债/权益比CPNGXP
| Q4 25 | 0.14× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.24× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% | — |
| 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CPNGXP
| Q4 25 | $82.0M | — | ||
| Q3 25 | $792.0M | — | ||
| Q2 25 | $545.0M | — | ||
| Q1 25 | $354.0M | — | ||
| Q4 24 | $676.0M | — | ||
| Q3 24 | $334.0M | — | ||
| Q2 24 | $664.0M | — | ||
| Q1 24 | $212.0M | — |
自由现金流CPNGXP
| Q4 25 | $-278.0M | — | ||
| Q3 25 | $439.0M | — | ||
| Q2 25 | $246.0M | — | ||
| Q1 25 | $115.0M | — | ||
| Q4 24 | $462.0M | — | ||
| Q3 24 | $-46.0M | — | ||
| Q2 24 | $486.0M | — | ||
| Q1 24 | $105.0M | — |
自由现金流率CPNGXP
| Q4 25 | -3.1% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | -0.6% | — | ||
| Q2 24 | 6.6% | — | ||
| Q1 24 | 1.5% | — |
资本支出强度CPNGXP
| Q4 25 | 4.1% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 4.8% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 1.5% | — |
现金转化率CPNGXP
| Q4 25 | — | — | ||
| Q3 25 | 8.34× | — | ||
| Q2 25 | 17.03× | — | ||
| Q1 25 | 3.31× | — | ||
| Q4 24 | 4.33× | — | ||
| Q3 24 | 4.77× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 42.40× | — |
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% |
XP
暂无分部数据
