CPNG vs DASH vs MRT Stock Comparison

Coupang, DoorDash and Marti Technologies Prices as of Oct 23, 2026 Peers: Industry group
CPNG Coupang, Inc.
$13.90 -2.8% 1M -55.4% 1Y
Market cap
$24.70B
P/E
–
Revenue (TTM)
$35.46B
Div. yield
–
Online Retail Consumer Discretionary
1 win
DASH DoorDash, Inc.
$179.38 -5.2% 1M -29.5% 1Y
Market cap
$73.02B
P/E
86.8x
Revenue (TTM)
$15.89B
Div. yield
–
Ride-Hailing and Delivery Technology
4 wins
MRT Marti Technologies, Inc.
$1.99 0.0% 1M -11.2% 1Y
Market cap
$155.31M
P/E
–
Revenue (TTM)
$52.32M
Div. yield
–
Ride-Hailing and Delivery Technology
3 wins

Head to Head

8 decided of 12

DoorDash leads on 4 of the 12 questions below (DoorDash 4, Marti Technologies 3, Coupang 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCPNGDASHMRTLeader
Larger companyMarket capitalisation $24.70B $73.02B $155.31M DASH
Cheaper on earningsLower P/E, profitable companies only -32.2x 86.8x -4.0x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 64.5x — –
Faster revenue growthRevenue growth, trailing twelve months +9.9% +33.6% +174.4% MRT
More profitableNet margin, trailing twelve months -2.2% 5.3% -74.9% DASH
Better return on capitalReturn on invested capital -10.6% — — –
Less leveragedLower net debt / EBITDA 49.4x — -7.2x MRT
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -55.4% -29.5% -11.2% MRT
Better 5-year returnAnnualised price return, 5 years -13.7%/yr -3.5%/yr -27.5%/yr DASH
Less volatileAnnualised volatility, 1 year 48.1% 49.6% 56.5% CPNG
Higher overall scoreMean of the five percentile scores vs peers 32/100 54/100 25/100 DASH

Percentile Scorecard

CPNGDASHMRT

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCPNGDASHMRT
Valuation 10 #94 of 104 26 #124 of 167 8 #153 of 167
Growth 9 #90 of 99 83 #27 of 153 59 #63 of 153
Profitability 22 #77 of 99 63 #58 of 153 17 #127 of 153
Financial Health 33 #76 of 113 57 #77 of 179 15 #153 of 179
Shareholder Returns 86 #11 of 73 43 #54 of 94 –
Overall 32 54 25
  • CPNG ranked among 115 companies in Retail
  • DASH ranked among 185 companies in Internet Platforms
  • MRT ranked among 185 companies in Internet Platforms

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCPNGDASHMRTSPY
1 month -2.8%-5.2%0.0% -1.0%
3 months -10.3%+3.7%-1.0% +2.9%
6 months -32.2%+1.5%-5.7% +6.4%
Year to date -41.1%-20.8%-16.0% +11.4%
1 year -55.4%-29.5%-11.2% +13.1%
3 years -23.2%+134.9%+275.5% +79.4%
3 years, per year -8.4%+33.0%+55.5% +21.5%
5 years -52.1%-16.1%-79.9% +67.7%
5 years, per year -13.7%-3.5%-27.5% +10.9%

Risk

MeasureCPNGDASHMRTSPY
Volatility, 1Y 48.1%49.6%56.5% 12.7%
Downside volatility, 1Y 50.1%52.9%55.8% 12.7%
Beta vs S&P 500, 1Y 1.381.430.05 1.00
Return / volatility, 1Y -1.15-0.60-0.20 1.03
Max drawdown, 5Y -69.3%-82.5%-96.8% -25.4%
From 52-week high -56.7%-32.6%-24.3% -2.5%
52-week high $32.13$266.06$2.63 $779.14
52-week low $13.76$146.60$1.30 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCPNGDASHMRT
P/E now vs peer median -32.6xmedian 16.7x 92.7xmedian 17.5x -4.0xmedian 17.5x
P/S now vs peer median 0.7xmedian 0.5x 4.9xmedian 1.4x 3.3xmedian 1.4x
EV/EBITDA now vs peer median -301.4xmedian 9.1x 40.3xmedian 14.9x -20.3xmedian 14.9x
P/FCF now vs peer median 251.6xmedian 16.6x 29.9xmedian 11.2x -8.6xmedian 11.2x
P/B now vs peer median 8.3xmedian 1.7x 7.8xmedian 1.7x -2.0xmedian 1.7x
PEG now vs peer median 0.58median 0.73 2.48median 0.42 -0.11median 0.42

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCPNGDASHMRT
Revenue $35.46B $15.89B $52.32M
Gross profit $10.06B $8.17B $33.36M
Operating income -$628.00M $712.00M -$16.33M
Net income -$767.00M $841.00M -$70.58M
Free cash flow $99.00M $2.60B -$19.81M
R&D – $1.71B $3.04M
EPS (diluted) $-0.43 $1.91 $-0.50
Cash & equivalents $6.11B $4.42B $12.50M
Total debt $2.60B – $348.98M
Shares (diluted) 1.80B 439.35M 78.05M
Enterprise value -$1.26B $52.39B $126.03M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCPNGDASHMRT
P/E -32.6x 92.7x -4.0x
P/FCF 251.6x 29.9x -8.6x
P/Operating cash flow 17.5x 27.5x -8.6x
P/S 0.7x 4.9x 3.3x
P/B 8.3x 7.8x -2.0x
P/Tangible book 8.8x 9.8x -2.0x
EV/EBITDA -301.4x 40.3x -20.3x
EV/EBIT -34.1x 101.6x -16.2x
EV/Revenue 0.6x 4.6x 5.1x
EV/FCF 216.2x 27.9x -13.4x
EV/Operating cash flow 15.0x 25.6x -13.3x
PEG (3Y EPS CAGR) 0.58 2.48 -0.11

Growth

14 metrics
MetricCPNGDASHMRT
Revenue growth (1Y) 9.9% 33.6% 174.4%
Revenue CAGR (3Y) 17.1% 27.4% –
Gross profit growth (1Y) 4.3% 37.3% 5,402%
Gross profit CAGR (3Y) 22.6% 32.2% –
Operating income growth (1Y) -186.7% 31.4% 45.7%
Operating income CAGR (3Y) -52.0% 38.8% –
Net income growth (1Y) -310.1% 7.1% 38.6%
Net income CAGR (3Y) -55.9% 38.6% -38.7%
EPS growth (1Y) -316.7% 7.4% 60.5%
EPS CAGR (3Y) -55.9% 37.3% 35.1%
Operating cash flow growth (1Y) -25.4% 29.3% 44.4%
Operating cash flow CAGR (3Y) -10.1% 40.9% -20.4%
Free cash flow growth (1Y) -87.3% 30.8% 45.0%
Free cash flow CAGR (3Y) -55.0% 45.2% -20.1%

Profitability

14 metrics
MetricCPNGDASHMRT
Gross margin 28.4% 51.4% 63.8%
EBITDA margin -0.2% 11.3% -24.9%
Operating margin -1.8% 4.5% -31.2%
Pretax margin -1.7% 5.5% -74.9%
Net margin -2.2% 5.3% -74.9%
FCF margin 0.3% 16.3% -37.9%
Operating cash flow margin 4.0% 17.8% -38.2%
Return on equity -22.2% 8.3% –
Return on assets -4.4% 4.3% -136.6%
Return on invested capital -10.6% – –
Return on capital employed -9.3% 5.3% -105.8%
Asset turnover 2.0x 0.8x 1.8x
Cash conversion (OCF / net income) -1.9x 3.4x 0.3x
Stock comp / revenue 1.5% 7.0% 17.9%

Financial Health

11 metrics
MetricCPNGDASHMRT
Debt / assets 15.0% – 328.6%
Debt / equity 0.9x – -1.3x
Net debt / EBITDA 49.4x – -7.2x
Debt / FCF 26.3x – -5.4x
Liabilities / assets 82.8% 49.3% 359.1%
Equity / assets 17.2% 50.7% -259.1%
Interest coverage -8.3x – –
Current ratio 0.9x 1.4x 1.4x
Quick ratio 0.6x 1.1x 1.0x
Cash ratio 0.6x 0.9x 0.9x
Altman Z-score 2.47 5.55 -7.68

Shareholder Returns

7 metrics
MetricCPNGDASHMRT
Dividend yield – – –
Net buyback yield 4.4% 1.3% –
Shareholder yield 4.4% 1.3% 0.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCPNGDASHMRT
Forward P/E – 64.5xFY2026 –
EPS, next fiscal year $-0.51FY2026 $2.78FY2026 $-0.32FY2026
EPS growth, next FY -563.6%FY2026 +30.5%FY2026 –
EPS growth, the year after – +79.5% –
Revenue, next fiscal year $36.30BFY2026 $18.88BFY2026 $82.00MFY2026
Revenue growth, next FY +5.1%FY2026 +37.6%FY2026 +109.0%FY2026
Revenue growth, the year after +23.5% +11.2% +72.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCPNGDASHMRT
Held by institutions 81.8% 88.2% –
Institutions holding 588 1,043 –
Change in shares held, QoQ -2.8% +7.4% –
Institutions buying 262 578 –
Institutions selling 243 349 –
Buyers to sellers 1.08 1.66 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CPNGDASHMRT
CPNG 1.00 0.35 -0.04
DASH 0.35 1.00 0.00
MRT -0.04 0.00 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CPNG, DASH and MRT?

DoorDash (DASH) is the largest by market capitalisation: Coupang (CPNG) $24.70B, DoorDash (DASH) $73.02B, Marti Technologies (MRT) $155.31M.

Which company is growing faster?

Marti Technologies (MRT) grew revenue fastest over the trailing twelve months: Coupang (CPNG) +9.9%, DoorDash (DASH) +33.6%, Marti Technologies (MRT) +174.4%.

Which company is more profitable?

DoorDash (DASH) has the highest net margin (Coupang (CPNG) -2.2%, DoorDash (DASH) 5.3%, Marti Technologies (MRT) -74.9%).

Which stock has performed better?

Over the past year Marti Technologies (MRT) returned the most: Coupang (CPNG) -55.4%, DoorDash (DASH) -29.5%, Marti Technologies (MRT) -11.2%. Over five years, DoorDash (DASH) compounded fastest (Coupang (CPNG) -13.7%/yr, DoorDash (DASH) -3.5%/yr, Marti Technologies (MRT) -27.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Coupang (CPNG) has been the steadiest (Coupang (CPNG) 48.1%, DoorDash (DASH) 49.6%, Marti Technologies (MRT) 56.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CPNG, DASH and MRT?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, DoorDash (DASH) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.