CPNG vs. MELI: Coupang vs. MercadoLibre Stock Comparison

November 11, 2026

How do Coupang (CPNG) and MercadoLibre (MELI) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Coupang (CPNG) and MercadoLibre (MELI) are both classified in the Broadline Retail sub-industry within the broader Broadline Retail industry, placing them in the closest GICS peer bucket.

Company profile comparison for Coupang (CPNG) and MercadoLibre (MELI)
Profile Item	CPNG	MELI
Name	Coupang, Inc. Class A Common Stock	MercadoLibre Inc.
Country/Region	United States	Uruguay
GICS Sector	Consumer Discretionary	Consumer Discretionary
GICS Industry Group	Consumer Discretionary Distribution & Retail	Consumer Discretionary Distribution & Retail
GICS Industry	Broadline Retail	Broadline Retail
GICS Sub-Industry	Broadline Retail	Broadline Retail
Market Capitalization	29.20 billion USD	76.55 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	March 11, 2021	August 10, 2007
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CPNG

MELI

GSPC

Coupang (CPNG) vs. MercadoLibre (MELI), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Coupang (CPNG) and MercadoLibre (MELI). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Coupang (CPNG) and MercadoLibre (MELI). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Coupang (CPNG) and MercadoLibre (MELI)
Metric	CPNG	MELI
Total Return (1Y)	-44.02%	-26.90%
Total Return (3Y, Annualized)	2.15%	4.74%
Total Return (5Y, Annualized)	-11.45%	-2.06%

Risk Profile

Drawdown History

CPNG

MELI

GSPC

Coupang (CPNG) vs. MercadoLibre (MELI), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Coupang (CPNG) and MercadoLibre (MELI). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Coupang (CPNG) is heavily traded at around 15.76M shares per day, whereas MercadoLibre (MELI) sees a more moderate 581.53K — larger orders in the latter may require more patience and tighter control over order sizing.

Risk profile metrics for Coupang (CPNG) and MercadoLibre (MELI)
Metric	CPNG	MELI
Volatility (1Y, Annualized)	49.06%	42.09%
Beta (5Y)	1.09	1.39
Max Drawdown (5Y)	-69.07%	-64.17%
Avg. Volume (3M)	15.76M	581.53K

Risk-Adjusted Performance

Risk-Return Positioning

CPNG and MELI are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Coupang (CPNG) and MercadoLibre (MELI)
Metric	CPNG	MELI
Sharpe Ratio (1Y)	-0.98	-0.74
Sortino Ratio (1Y)	-1.37	-0.97

Profitability

ROE (TTM)

Coupang (CPNG) reports a negative ROE of -35.97%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile MercadoLibre (MELI) reports 26.22%, ranking against industry peers normally.

CPNG

Consumer Discretionary Distribution & Retail industry group

-35.97%

Max: 62.17%
Q3: 29.44%
Median: 15.69%
Q1: 6.73%
Min: -12.16%
CPNG: -35.97%

MELI

Consumer Discretionary Distribution & Retail industry group

26.22%

Max: 62.17%
Q3: 29.44%
MELI: 26.22%
Median: 15.69%
Q1: 6.73%
Min: -12.16%

Coupang (CPNG) vs. MercadoLibre (MELI): A comparison of their ROE against the Consumer Discretionary Distribution & Retail industry group benchmark.

Net Margin (TTM)

Coupang (CPNG) reports a negative net margin of -3.77%, usually indicating a net loss over the period. Meanwhile MercadoLibre (MELI) reports 4.91%, ranking against industry peers normally.

CPNG

Consumer Discretionary Distribution & Retail industry group

-3.77%

Max: 16.94%
Q3: 8.69%
Median: 3.55%
Q1: 1.14%
CPNG: -3.77%
Min: -9.41%

MELI

Consumer Discretionary Distribution & Retail industry group

4.91%

Max: 16.94%
Q3: 8.69%
MELI: 4.91%
Median: 3.55%
Q1: 1.14%
Min: -9.41%

Coupang (CPNG) vs. MercadoLibre (MELI): A comparison of their net margin against the Consumer Discretionary Distribution & Retail industry group benchmark.

Operating Margin (TTM)

Coupang (CPNG) reports a negative operating margin of -2.03%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile MercadoLibre (MELI) reports 6.29%, ranking against industry peers normally.

CPNG

Consumer Discretionary Distribution & Retail industry group

-2.03%

Max: 21.45%
Q3: 10.89%
Median: 5.57%
Q1: 2.28%
CPNG: -2.03%
Min: -7.12%

MELI

Consumer Discretionary Distribution & Retail industry group

6.29%

Max: 21.45%
Q3: 10.89%
MELI: 6.29%
Median: 5.57%
Q1: 2.28%
Min: -7.12%

Coupang (CPNG) vs. MercadoLibre (MELI): A comparison of their operating margin against the Consumer Discretionary Distribution & Retail industry group benchmark.

Profitability Metrics

Profitability metrics for Coupang (CPNG) and MercadoLibre (MELI)
Metric	CPNG	MELI
ROE (TTM)	-35.97%	26.22%
ROA (TTM)	-3.27%	3.80%
Net Margin (TTM)	-3.77%	4.91%
Operating Margin (TTM)	-2.03%	6.29%
Gross Margin (TTM)	27.63%	46.66%

Growth

Revenue Growth

Both companies are growing quickly, but MercadoLibre (MELI) at 39.06% is the standout with revenue growth above its industry range; Coupang (CPNG) at 14.09% also sits in the top quartile.

Coupang (CPNG) vs. MercadoLibre (MELI): A comparison of their Revenue Growth across different time periods.

EPS Growth

Coupang (CPNG) at 37.50% sits in the top EPS growth quartile, while MercadoLibre (MELI) at 4.54% is closer to the peer norm — faster per-share earnings growth for CPNG.

Coupang (CPNG) vs. MercadoLibre (MELI): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Coupang (CPNG) and MercadoLibre (MELI)
Metric	CPNG	MELI
Revenue Growth (YoY)	14.09%	39.06%
Revenue Growth (3Y CAGR)	18.83%	38.91%
EPS Growth (YoY)	37.50%	4.54%
EPS Growth (3Y CAGR)	--	60.50%

Financial Strength

Current Ratio (MRQ)

MercadoLibre (MELI) at 1.17 keeps current ratio within its industry’s typical mid-range, while Coupang (CPNG) at 0.80 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for CPNG.

CPNG

Consumer Discretionary Distribution & Retail industry group

0.80

Max: 2.62
Q3: 1.75
Median: 1.35
Q1: 1.00
CPNG: 0.80
Min: 0.48

MELI

Consumer Discretionary Distribution & Retail industry group

1.17

Max: 2.62
Q3: 1.75
Median: 1.35
MELI: 1.17
Q1: 1.00
Min: 0.48

Coupang (CPNG) vs. MercadoLibre (MELI): A comparison of their current ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

Debt / Equity (MRQ)

Both Coupang (CPNG) at 1.78 and MercadoLibre (MELI) at 1.97 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

CPNG

Consumer Discretionary Distribution & Retail industry group

1.78

Max: 3.93
Q3: 2.14
CPNG: 1.78
Median: 1.25
Q1: 0.73
Min: 0.01

MELI

Consumer Discretionary Distribution & Retail industry group

1.97

Max: 3.93
Q3: 2.14
MELI: 1.97
Median: 1.25
Q1: 0.73
Min: 0.01

Coupang (CPNG) vs. MercadoLibre (MELI): A comparison of their debt-to-equity ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Coupang (CPNG) and MercadoLibre (MELI)
Metric	CPNG	MELI
Current Ratio (MRQ)	0.80	1.17
Debt / Equity (MRQ)	1.78	1.97
Net Debt / EBITDA	--	2.23

Dividends

Dividend Yield (TTM)

Neither Coupang (CPNG) nor MercadoLibre (MELI) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

CPNG

Consumer Discretionary Distribution & Retail industry group

0.00%

Max: 5.84%
Q3: 2.50%
CPNG: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

MELI

Consumer Discretionary Distribution & Retail industry group

0.00%

Max: 5.84%
Q3: 2.50%
MELI: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Coupang (CPNG) vs. MercadoLibre (MELI): A comparison of their dividend yield against the Consumer Discretionary Distribution & Retail industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Coupang (CPNG) nor MercadoLibre (MELI) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

CPNG

Consumer Discretionary Distribution & Retail industry group

0.00%

Max: 72.73%
Q3: 32.44%
CPNG: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

MELI

Consumer Discretionary Distribution & Retail industry group

0.00%

Max: 72.73%
Q3: 32.44%
MELI: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Coupang (CPNG) vs. MercadoLibre (MELI): A comparison of their payout ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

Dividend Metrics

Dividend metrics for Coupang (CPNG) and MercadoLibre (MELI)
Metric	CPNG	MELI
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: MercadoLibre (MELI) trades at 40.50 times trailing earnings, ranked against its peers, while Coupang (CPNG) has no P/E ratio this period.

CPNG

Consumer Discretionary Distribution & Retail industry group

Max: 40.50
Q3: 24.26
Median: 19.23
Q1: 12.64
Min: 4.67
CPNG: --

MELI

Consumer Discretionary Distribution & Retail industry group

40.50

MELI: 40.50
Max: 40.50
Q3: 24.26
Median: 19.23
Q1: 12.64
Min: 4.67

Coupang (CPNG) vs. MercadoLibre (MELI): CPNG does not report P/E ratio, so it has no value marker; MELI is benchmarked against the Consumer Discretionary Distribution & Retail industry group.

P/S Ratio (TTM)

On P/S ratio, both Coupang (CPNG) at 0.81 and MercadoLibre (MELI) at 1.99 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

CPNG

Consumer Discretionary Distribution & Retail industry group

0.81

Max: 4.32
Q3: 1.99
CPNG: 0.81
Median: 0.70
Q1: 0.26
Min: 0.03

MELI

Consumer Discretionary Distribution & Retail industry group

1.99

Max: 4.32
MELI: 1.99
Q3: 1.99
Median: 0.70
Q1: 0.26
Min: 0.03

Coupang (CPNG) vs. MercadoLibre (MELI): A comparison of their P/S ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

P/B Ratio (MRQ)

Both Coupang (CPNG) at 10.26 and MercadoLibre (MELI) at 9.34 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

CPNG

Consumer Discretionary Distribution & Retail industry group

10.26

Max: 10.96
CPNG: 10.26
Q3: 5.26
Median: 2.16
Q1: 1.08
Min: -4.45

MELI

Consumer Discretionary Distribution & Retail industry group

9.34

Max: 10.96
MELI: 9.34
Q3: 5.26
Median: 2.16
Q1: 1.08
Min: -4.45

Coupang (CPNG) vs. MercadoLibre (MELI): A comparison of their P/B ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

Valuation Metrics

Valuation metrics for Coupang (CPNG) and MercadoLibre (MELI)
Metric	CPNG	MELI
P/E Ratio (TTM)	--	40.50
P/S Ratio (TTM)	0.81	1.99
P/B Ratio (MRQ)	10.26	9.34
Free Cash Flow Yield (TTM)	1.80%	-3.36%