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Coupang CPNG Net margin

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0.4%

Other financials

Income statement

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Revenue$8.9B+3.9%
Gross profit$2.5B-2.6%
Operating income-$556.0M-473%
Net income-$570.0M-1,881%
EPS (diluted)-$0.32-1,700%

Balance sheet

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Cash & equivalents$6.1B-11.3%
Total debt$5.6B+27.7%
Total equity$3.0B-36.2%
Total assets$17.4B-2.5%

Cash flow

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Operating cash flow$367.0M-32.7%
CapEx$317.0M+6.0%
Free cash flow$50.0M-79.7%

Valuation

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Market cap$29.35B-45.4%
Enterprise value$28.87B-43.7%
P/S0.8×-0.8×

Profitability

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Gross margin28.4%-1.5pp
Operating margin-1.8%-4.0pp
FCF margin3.7%+0.4pp

Returns & leverage

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Return on equity8.7%-20.2pp
Debt / equity1.9×+0.9×
Current ratio0.9×-0.2×

Where this comes from

Calculated from Coupang’s reported figures.

Based on trailing twelve months.

The source filing: Coupang’s 10-Q, filed November 4, 2025. Open the filing →

Filed
Nov 4, 2025
Fiscal quarter
Q3 FY2025
Calendar quarter
Q3 2025
Accession
0001834584-25-000185

FAQ

What is Coupang's net margin?
Coupang (CPNG) reported net margin of 1.2% in Q3 2025.
How has Coupang's net margin changed year-over-year?
Coupang's net margin decreased by 67.6% year-over-year, from 3.6% to 1.2%.
What is the long-term trend for Coupang's net margin?
Over 3 years (2020 to 2024), Coupang's net margin has grown at a -49.2% compound annual growth rate (CAGR), from -3.9% to 0.5%.
What does net margin mean?
Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

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