Coupang (CPNG) Margins & Profitability 2021-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 27.0%
EBITDA Margin: -1.2%
Op. Margin: -2.8%
Net Margin: -3.1%

Op. margin of -2.8% is down 4.8% YoY — costs are rising relative to revenue. Net margin at -3.1% and gross margin of 27.0% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit