Coupang (CPNG) Change in Inventory (2020 - 2026)
Coupang (CPNG) reported Change in Inventory of $51 million for Q2 2026, down 44.6% from $92 million a year earlier.
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Analysis
Coupang (CPNG) Change in Inventory (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Coupang's Change in Inventory came in at $46 million, down 85.8% year-over-year; for FY2025, it came in at $233 million, down 38.0% from FY2024.
- Change in Inventory has a five-year compound annual growth rate of -14.3% (FY2020 to FY2025).
- By year, Change in Inventory came in at $376 million in FY2024 (+754.5%), $44 million in FY2023 (-88.0%), $367 million in FY2022 (-30.5%) and $528 million in FY2021 (+4.7%).
- Five-year quarterly Change in Inventory spans a low of -$175 million in Q4 2025 and a high of $298 million in Q3 2025.
- Year over year, Change in Inventory gained in 1 of the last five quarters, with growth averaging 33.6%.
- The high point for year-over-year Change in Inventory in five years was Q3 2025 (growth of 319.7%); the low point was Q3 2021 (a decline of 79.9%).
- Per Business Quant data, the three quarters before Q2 2026 came in at -$128 million (Q1 2026), -$175 million (Q4 2025) and $298 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,829.78 Bn | 2,346.48 Bn | 104.83 Bn | 1.82 Bn |
| 2 | Home Depot | 290.18 Bn | 283.42 Bn | 16.12 Bn | -604.00 Mn |
| 3 | Tjx Companies | 152.80 Bn | 130.34 Bn | 5.07 Bn | 221.00 Mn |
| 4 | Lowes Companies | 104.32 Bn | 97.29 Bn | 8.58 Bn | -709.00 Mn |
| 5 | Ross Stores | 71.10 Bn | 54.02 Bn | 2.12 Bn | 110.41 Mn |
| 6 | O Reilly Automotive | 70.56 Bn | 69.64 Bn | 2.52 Bn | 160.24 Mn |
| 7 | Carvana | 70.07 Bn | 61.67 Bn | 1.38 Bn | 586.00 Mn |
| 8 | Target | 69.82 Bn | 64.41 Bn | 8.94 Bn | 932.00 Mn |
| 9 | Autozone | 48.00 Bn | 46.90 Bn | 2.52 Bn | 104.14 Mn |
| 10 | Coupang | 28.37 Bn | 2.41 Bn | 2.49 Bn | 51.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.00 Mn |
| Mar 31, 2026 | -128.00 Mn |
| Dec 31, 2025 | -175.00 Mn |
| Sep 30, 2025 | 298.00 Mn |
| Jun 30, 2025 | 92.00 Mn |
| Mar 31, 2025 | 18.00 Mn |
| Dec 31, 2024 | 142.00 Mn |
| Sep 30, 2024 | 71.00 Mn |
| Jun 30, 2024 | 130.00 Mn |
| Mar 31, 2024 | 33.00 Mn |
| Dec 31, 2023 | -43.00 Mn |
| Sep 30, 2023 | 105.00 Mn |
| Jun 30, 2023 | -79.00 Mn |
| Mar 31, 2023 | 61.00 Mn |
| Dec 31, 2022 | 78.24 Mn |
| Sep 30, 2022 | 103.67 Mn |
| Jun 30, 2022 | 191.95 Mn |
| Mar 31, 2022 | -6.86 Mn |
| Dec 31, 2021 | 219.44 Mn |
| Sep 30, 2021 | 41.37 Mn |
API Access
Coupang Change in Inventory API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-inventory&ticker=CPNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "ticker": "CPNG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-inventory&ticker=CPNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();