What are Coupang's profit margins?

Coupang (CPNG) runs a 28.8% gross margin and a 0.2% operating margin, with a 1.2% net margin.

Where do Coupang's ratios come from?

Every ratio is computed from Coupang's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Coupang CPNG Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	28.8%-0.9pp	29.4%+0.2pp	30%+2.2pp	29.9%+3.0pp	29.7%+3.6pp
Operating margin	0.2%-1.6pp	1.4%-0.1pp	2.3%+1.4pp	2.2%+1.4pp	1.8%+0.2pp
EBITDA margin	1.8%-1.5pp	2.9%0.0pp	3.8%+1.6pp	3.7%+1.6pp	3.3%+0.5pp
Returns
Return on invested capital	1.5%-11.7pp	10.3%-5.2pp	16.9%-5.2pp	19%-2.5pp	13.1%-18.0pp
Efficiency
Asset turnover	2.1×+0.1×	2.1×0.0×	1.9×-0.1×	2×-0.1×	2×-0.1×
Inventory turnover	12.2×+1.3×	11.2×-0.2×	10.1×-0.8×	10.6×-0.6×	11×+0.4×
Liquidity
Current ratio	1×-0.2×	1×-0.1×	1.1×-0.1×	1.1×0.0×	1.2×0.0×
Quick ratio	0.8×-0.1×	0.8×-0.1×	0.8×0.0×	0.8×0.0×	0.9×0.0×
Cash ratio	0.7×-0.1×	0.7×-0.1×	0.7×0.0×	0.7×0.0×	0.8×0.0×
Leverage
Debt-to-equity	1.4×+0.4×	1×+0.1×	1×+0.1×	0.9×0.0×	0.9×+0.1×
Debt-to-assets	0.3×+0.1×	0.3×0.0×	0.3×0.0×	0.2×0.0×	0.3×0.0×
Net debt / EBITDA	-1.6×+0.5×	-1.8×+0.9×	-1.9×+1.2×	-2.1×+1.8×	-2.1×+0.9×
Interest coverage	1×-3.0×	5.5×+2.4×	7.1×+4.8×	5.8×+3.3×	4×-2.0×
Per Share
Book value per share	$2.15-9.4%	$2.49+10.9%	$2.54+10.9%	$2.53+17.2%	$2.38+5.6%
Valuation
Market capitalization	$34.52B-12.8%	$43.09B+9.0%	$58.7B+33.2%	$52.56B+40.2%	$39.59B+24.1%
Enterprise value	$33.52B-10.5%	$41.31B+11.2%	$56.33B+33.8%	$50.08B+42.1%	$37.47B+25.9%
Price / sales	1×-0.3×	1.2×-0.1×	1.7×+0.2×	1.6×+0.3×	1.3×0.0×
Price / book	8.8×-0.3×	9.3×-0.3×	12.4×+1.9×	11.2×+1.5×	9.1×+1.2×
EV / EBITDA	54.5×+17.4×	41.7×-1.0×	44.1×-21.2×	41.6×-19.2×	37.1×-4.6×
EV / sales	1×-0.3×	1.2×0.0×	1.7×+0.2×	1.6×+0.3×	1.2×0.0×

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Questions, answered.

What are Coupang's profit margins?: Coupang (CPNG) runs a 28.8% gross margin and a 0.2% operating margin, with a 1.2% net margin.
Where do Coupang's ratios come from?: Every ratio is computed from Coupang's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.