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Coupang vs CDW: CPNG and CDW compared
Coupang is the larger company: $10.0B of revenue in its latest quarter (Q3 2026) against $6.8B for CDW (Q3 2026). CDW is growing faster (+18% against +8% a year earlier). CDW is more profitable, with an operating margin of 7.2% against -4.5%.
Where the money goes: CPNG and CDW
Coupang (CPNG) · Q3 2026
Coupang, Q3 2026: revenue $10.0B (+8% year over year), operating margin -4.5%, net loss $501M, operating cash flow $212M. The chart follows the revenue to costs, profit and cash.
CDW (CDW) · Q3 2026
CDW, Q3 2026: revenue $6.8B (+18% year over year), operating margin 7.2%, net earnings $310M, operating cash flow $399M. The chart follows the revenue to costs, profit and cash.
| Coupang (CPNG) | CDW (CDW) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $10.0B | $6.8B |
| Revenue growth, Y/Y | +8% | +18% |
| Gross margin | — | 20.5% |
| Operating margin | -4.5% | 7.2% |
| Net earnings | −$501M | $310M |
| Net margin | -5.0% | 4.6% |
| Operating cash flow | $212M | $399M |
| Free cash flow | — | $372M |
| Market value | $29.5B | $19.9B |
| P/E | — | 18.5× |
| Analysts’ mean target | $22.59 | $184.11 |
Where the revenue comes from
Coupang
- Net retail sales: $7.6B (77%)
- Net other revenue: $2.3B (23%)
CDW
- Hardware: $4.9B (73%)
- Data Storage and Servers: $975M (14%)
- Collaboration: $446M (7%)
- Desktops: $368M (5%)
Questions
Which is bigger, Coupang or CDW?
Coupang is the larger company: $10.0B of revenue in its latest quarter (Q3 2026) against $6.8B for CDW (Q3 2026).
Is Coupang or CDW growing faster?
CDW is growing faster (+18% against +8% a year earlier).
Which is more profitable, Coupang or CDW?
CDW is more profitable, with an operating margin of 7.2% against -4.5%.
More: Coupang earnings · how Coupang makes money · CDW earnings · how CDW makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.