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Coupang CPNG Net margin

Net margin at other companies

Amazon logo
AmazonAMZN
10.6%+0.5pp
DoorDash logo
DoorDashDASH
6.3%+3.3pp
Rocket Companies logo
Rocket CompaniesRKT
-1.8%-2.4pp
Packaging Corp of America logo
Packaging Corp of AmericaPKG
8%-2.0pp

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$33.8B-12.8%
Enterprise value$32.81B-10.5%
P/S-0.3×

Profitability

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Gross margin28.8%-0.9pp
Operating margin0.2%-1.6pp

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 November 4, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

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 does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.