JD vs CPNG Stock Comparison

JD.com and Coupang Prices as of Oct 26, 2026 Peers: Industry group
JD JD.com, Inc.
$25.24 -4.8% 1M -24.0% 1Y
Market cap
$35.94B
P/E
16.8x
Revenue (TTM)
$189.20B
Div. yield
–
Online Retail Consumer Discretionary
6 wins
CPNG Coupang, Inc.
$13.75 -0.9% 1M -55.9% 1Y
Market cap
$24.79B
P/E
–
Revenue (TTM)
$35.46B
Div. yield
–
Online Retail Consumer Discretionary
2 wins

Head to Head

8 decided of 12

JD.com leads on 6 of the 12 questions below (JD.com 6, Coupang 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionJDCPNGLeader
Larger companyMarket capitalisation $35.94B $24.79B JD
Cheaper on earningsLower P/E, profitable companies only 16.8x -32.3x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 8.4x — –
Faster revenue growthRevenue growth, trailing twelve months +7.6% +9.9% CPNG
More profitableNet margin, trailing twelve months 1.1% -2.2% JD
Better return on capitalReturn on invested capital 0.6% -10.6% JD
Less leveragedLower net debt / EBITDA — 49.4x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -24.0% -55.9% JD
Better 5-year returnAnnualised price return, 5 years -20.8%/yr -14.2%/yr CPNG
Less volatileAnnualised volatility, 1 year 29.7% 48.1% JD
Higher overall scoreMean of the five percentile scores vs peers 65/100 33/100 JD

Percentile Scorecard

JDCPNG

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

AxisJDCPNG
Valuation 96 #5 of 104 11 #93 of 104
Growth 33 #67 of 99 10 #89 of 99
Profitability 39 #61 of 99 21 #78 of 99
Financial Health 74 #30 of 113 33 #76 of 113
Shareholder Returns 85 #12 of 73 88 #10 of 73
Overall 65 33
  • JD ranked among 115 companies in Retail
  • CPNG ranked among 115 companies in Retail

Price Performance

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

Returns

PeriodJDCPNGSPY
1 month -4.8%-0.9% -0.8%
3 months -18.4%-13.7% +3.5%
6 months -15.2%-32.9% +7.0%
Year to date -12.1%-41.7% +12.2%
1 year -24.0%-55.9% +13.0%
3 years -1.6%-19.2% +86.3%
3 years, per year -0.5%-6.9% +23.1%
5 years -68.8%-53.6% +68.6%
5 years, per year -20.8%-14.2% +11.0%
10 years -4.7%— +258.0%
10 years, per year -0.5%— +13.6%

Risk

MeasureJDCPNGSPY
Volatility, 1Y 29.7%48.1% 12.7%
Downside volatility, 1Y 27.2%50.1% 12.7%
Beta vs S&P 500, 1Y 0.611.37 1.00
Return / volatility, 1Y -0.81-1.16 1.02
Max drawdown, 5Y -76.6%-69.3% -25.4%
From 52-week high -26.9%-57.2% -1.8%
52-week high $34.53$32.13 $779.14
52-week low $25.19$13.75 $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.

MultipleJDCPNG
P/E now vs peer median 16.8xmedian 16.7x -32.3xmedian 16.7x
P/S now vs peer median 0.2xmedian 0.5x 0.7xmedian 0.5x
EV/EBITDA now vs peer median —median 9.0x -297.6xmedian 9.0x
P/FCF now vs peer median 4.1xmedian 16.5x 248.9xmedian 16.5x
P/B now vs peer median 0.7xmedian 1.7x 8.2xmedian 1.7x
PEG now vs peer median -1.75median 0.72 0.58median 0.72

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 monthsJDCPNG
Revenue $189.20B $35.46B
Gross profit $31.39B $10.06B
Operating income $238.00M -$628.00M
Net income $2.85B -$767.00M
Free cash flow $7.50B $99.00M
R&D $3.82B –
EPS (diluted) $1.44 $-0.43
Cash & equivalents $13.11B $6.11B
Total debt $14.71B $2.60B
Shares (diluted) 1.49B 1.80B
Enterprise value -$84.26B -$1.17B

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
MetricJDCPNG
P/E 16.8x -32.3x
P/FCF 4.1x 248.9x
P/Operating cash flow 4.1x 17.3x
P/S 0.2x 0.7x
P/B 0.7x 8.2x
P/Tangible book 0.8x 8.7x
EV/EBITDA – -297.6x
EV/EBIT 2.1x -33.7x
EV/Revenue 0.0x 0.6x
EV/FCF 0.1x 213.5x
EV/Operating cash flow 0.1x 14.8x
PEG (3Y EPS CAGR) -1.75 0.58

Growth

14 metrics
MetricJDCPNG
Revenue growth (1Y) 7.6% 9.9%
Revenue CAGR (3Y) 7.5% 17.1%
Gross profit growth (1Y) 11.3% 4.3%
Gross profit CAGR (3Y) -15.7% 22.6%
Operating income growth (1Y) -94.3% -186.7%
Operating income CAGR (3Y) -61.0% -52.0%
Net income growth (1Y) -51.0% -310.1%
Net income CAGR (3Y) -3.5% -55.9%
EPS growth (1Y) -58.9% -316.7%
EPS CAGR (3Y) -9.6% -55.9%
Operating cash flow growth (1Y) 119.5% -25.4%
Operating cash flow CAGR (3Y) 1.2% -10.1%
Free cash flow growth (1Y) 119.5% -87.3%
Free cash flow CAGR (3Y) 1.2% -55.0%

Profitability

14 metrics
MetricJDCPNG
Gross margin 16.6% 28.4%
EBITDA margin – -0.2%
Operating margin 0.1% -1.8%
Pretax margin 1.8% -1.7%
Net margin 1.1% -2.2%
FCF margin 4.0% 0.3%
Operating cash flow margin 4.0% 4.0%
Return on equity 6.9% -22.2%
Return on assets 2.8% -4.4%
Return on invested capital 0.6% -10.6%
Return on capital employed 0.5% -9.3%
Asset turnover 1.8x 2.0x
Cash conversion (OCF / net income) 2.6x -1.9x
Stock comp / revenue – 1.5%

Financial Health

11 metrics
MetricJDCPNG
Debt / assets 2.4% 15.0%
Debt / equity 0.1x 0.9x
Net debt / EBITDA – 49.4x
Debt / FCF 0.3x 26.3x
Liabilities / assets 61.1% 82.8%
Equity / assets 38.9% 17.2%
Interest coverage 0.6x -8.3x
Current ratio 1.1x 0.9x
Quick ratio 0.6x 0.6x
Cash ratio 0.6x 0.6x
Altman Z-score – 2.46

Shareholder Returns

7 metrics
MetricJDCPNG
Dividend yield 4.0% –
Net buyback yield – 4.4%
Shareholder yield 4.0% 4.4%
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.

ConsensusJDCPNG
Forward P/E 8.4xFY2026 –
EPS, next fiscal year $3.00FY2026 $-0.51FY2026
EPS growth, next FY +17.6%FY2026 -563.6%FY2026
EPS growth, the year after +43.3% –
Revenue, next fiscal year $193.63BFY2026 $36.30BFY2026
Revenue growth, next FY +3.5%FY2026 +5.1%FY2026
Revenue growth, the year after +2.2% +23.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersJDCPNG
Held by institutions 16.2% 81.8%
Institutions holding 424 588
Change in shares held, QoQ +10.6% -2.8%
Institutions buying 220 262
Institutions selling 130 243
Buyers to sellers 1.69 1.08

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.

JDCPNG
JD 1.00 0.11
CPNG 0.11 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, JD and CPNG?

JD.com (JD) is the largest by market capitalisation: JD.com (JD) $35.94B, Coupang (CPNG) $24.79B.

Which company is growing faster?

Coupang (CPNG) grew revenue fastest over the trailing twelve months: JD.com (JD) +7.6%, Coupang (CPNG) +9.9%.

Which company is more profitable?

JD.com (JD) has the highest net margin (JD.com (JD) 1.1%, Coupang (CPNG) -2.2%). On return on invested capital, JD.com (JD) leads (JD.com (JD) 0.6%, Coupang (CPNG) -10.6%).

Which stock has performed better?

Over the past year JD.com (JD) returned the most: JD.com (JD) -24.0%, Coupang (CPNG) -55.9%. Over five years, Coupang (CPNG) compounded fastest (JD.com (JD) -20.8%/yr, Coupang (CPNG) -14.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, JD.com (JD) has been the steadiest (JD.com (JD) 29.7%, Coupang (CPNG) 48.1%). Volatility measures how widely the price swings, not the risk of the business.

Do JD and CPNG move together?

Their daily returns over the past year have a correlation of 0.11, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, JD and CPNG?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, JD.com (JD) leads on 6. 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.