Coupang vs MercadoLibre
Coupang reported revenue of $34.5 billion in fiscal 2025, 1.2 times MercadoLibre's $28.9 billion in fiscal 2025. Coupang's revenue grew 14.1% in its latest year, and MercadoLibre's grew 39.1%. Coupang had an operating margin of 1.4%, against 11.1% at MercadoLibre. Free cash flow was $522 million at Coupang and $10.8 billion at MercadoLibre.
Side by side
| Coupang | MercadoLibre | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $34.5B | $28.9B |
| Revenue growth | 14.1% | 39.1% |
| Revenue growth a year, last 5 years | 23.6% | 48.7% |
| Gross margin | 29.4% | 44.5% |
| Operating margin | 1.4% | 11.1% |
| Net margin | 0.6% | 6.9% |
| Free cash flow | $522M | $10.8B |
| Free cash flow margin | 1.5% | 37.3% |
| Return on capital | — | 35.0% |
| Net debt to EBITDA | −4.8x | 0.8x |
| Dividends and buybacks | $243M | $1M |
| Change in diluted share count | 1.6% | −0.0% |
| Last close | $13.75 | $1,668.72 |
| P/E at the last close | — | 45.4× |
| Insider trades, last 12 months | bought $136.6 million, sold $5.8 million | bought $1.3 million, sold $2.3 million |
| Piotroski F-score | 6 of 9 | 4 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
CoupangMercadoLibre
Operating margin
Percent of revenue
CoupangMercadoLibre
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
CoupangMercadoLibre
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Coupang and MercadoLibre pages.