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Coupang vs Chewy: CPNG and CHWY compared
Coupang is the larger company: $10.0B of revenue in its latest quarter (Q3 2026) against $3.3B for Chewy (Q2 FY27). Coupang is growing faster (+8% against +7% a year earlier). Chewy is more profitable, with an operating margin of 2.8% against -4.5%.
Where the money goes: CPNG and CHWY
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.
Chewy (CHWY) · Q2 FY27
Chewy, Q2 FY27: revenue $3.3B (+7% year over year), operating margin 2.8%, net earnings $80.5M, operating cash flow $137M. The chart follows the revenue to costs, profit and cash.
| Coupang (CPNG) | Chewy (CHWY) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $10.0B | $3.3B |
| Revenue growth, Y/Y | +8% | +7% |
| Gross margin | — | 30.4% |
| Operating margin | -4.5% | 2.8% |
| Net earnings | −$501M | $80.5M |
| Net margin | -5.0% | 2.4% |
| Operating cash flow | $212M | $137M |
| Free cash flow | — | $89.5M |
| Market value | $29.5B | $9.2B |
| P/E | — | 33.7× |
| Analysts’ mean target | $22.59 | $28.64 |
Where the revenue comes from
Coupang
- Net retail sales: $7.6B (77%)
- Net other revenue: $2.3B (23%)
Questions
Which is bigger, Coupang or Chewy?
Coupang is the larger company: $10.0B of revenue in its latest quarter (Q3 2026) against $3.3B for Chewy (Q2 FY27).
Is Coupang or Chewy growing faster?
Coupang is growing faster (+8% against +7% a year earlier).
Which is more profitable, Coupang or Chewy?
Chewy is more profitable, with an operating margin of 2.8% against -4.5%.
More: Coupang earnings · how Coupang makes money · Chewy earnings · how Chewy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Sep 9, 2026). Fiscal quarters can end on different dates. Not investment advice.