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Coupang CPNG EBITDA margin

EBITDA margin at other companies

Amazon logo
AmazonAMZN
19.6%0.0pp
DoorDash logo
DoorDashDASH
10.8%+3.6pp
Maplebear Inc. logo
Maplebear Inc.CART
17.4%+2.4pp
Rocket Companies logo
Rocket CompaniesRKT
9.7%+7.6pp
Packaging Corp of America logo
Packaging Corp of AmericaPKG
19.7%-0.4pp

Other financials

Income statement

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Revenue$8.5B+7.5%
Gross profit$2.3B-0.8%
Operating income-$242.0M-257%
Net income-$266.0M-349%
EPS (diluted)-$0.15-350%

Balance sheet

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Cash & equivalents$6.4B+3.1%
Total debt$5.4B+32.3%
Total equity$3.9B-10.2%
Total assets$17.4B+8.8%

Cash flow

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Operating cash flow$184.0M-48.0%
CapEx$296.0M+23.8%
Free cash flow-$112.0M-197%

Valuation

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Market cap$32.31B-12.8%
Enterprise value$31.32B-10.5%
P/S0.9×-0.3×

Profitability

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Gross margin28.8%-0.9pp
Operating margin0.2%-1.6pp
Net margin1.2%-2.4pp
FCF margin3.7%+0.4pp

Returns & leverage

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Return on equity8.7%-20.2pp
Debt / equity1.4×+0.4×
Current ratio-0.2×

Where this comes from

Calculated from Coupang’s reported figures.

Based on trailing twelve months.

The official record: Coupang’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Coupang's EBITDA margin?
Coupang (CPNG) reported EBITDA margin of 1.8% in Q1 2026.
How has Coupang's EBITDA margin changed year-over-year?
Coupang's EBITDA margin decreased by 46.2% year-over-year, from 3.3% to 1.8%.
What is the long-term trend for Coupang's EBITDA margin?
Over 4 years (2020 to 2025), Coupang's EBITDA margin has grown at a -3.1% compound annual growth rate (CAGR), from -3.2% to 2.9%.
What does EBITDA margin mean?
Operating cash profitability per sales dollar, before interest, taxes, and non-cash charges.
How do you interpret EBITDA margin?
Useful for comparing operating profitability across firms with different depreciation policies and leverage. High EBITDA margin alongside heavy capex can still mean weak free cash flow — pair it with FCF margin.
How does EBITDA margin compare across companies?
Widely used to compare capital-intensive businesses on a like-for-like basis. Less meaningful for banks and insurers.