Coupang vs Macy's
Coupang is the larger business, with $34.53bn of revenue in fiscal 2025 against $22.62bn for Macy's (1.5 times as much). Coupang grew faster (14.1% against -1.7%). Macy's kept more of each dollar of sales as profit: a net margin of 2.8% against 0.6%.
| Latest fiscal year | CoupangCPNG, 2025 | Macy'sM, 2026 |
|---|---|---|
| Revenue | $34.53bn | $22.62bn |
| Revenue growth | 14.1% | -1.7% |
| Net income | $208m | $642m |
| Operating margin | 1.4% | — |
| Net margin | 0.6% | 2.8% |
| Return on equity | 4.8% | 13.6% |
| Free cash flow | $522m | $1.06bn |
| Cash | $6.32bn | $1.25bn |
| Total debt | $1.61bn | $2.43bn |
| Debt to equity | 34.8% | — |
| Dividend per share | — | $0.73 |
| Dividend yield | — | 3.1% |
| Share buybacks | $243m | $250m |
| Employees | 108,000 | 94,570 |
| Market value | $27.39bn | $6.25bn |
| Price vs our value range | Above our value range | Below our value range |
| Moat score | 29 (Weak) | 45 (Moderate) |
| Insider trades, 12 months | 3 buys, 6 sales | 0 buys, 24 sales |