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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Coupang (CPNG) Gross Margin (2020 - 2025)

Coupang's Gross Margin history spans 6 years, with the latest figure at 28.79% for Q4 2025.

  • For the quarter ending Q4 2025, Gross Margin fell 248.0% year-over-year to 28.79%, compared with a TTM value of 29.37% through Dec 2025, up 19.0%, and an annual FY2025 reading of 29.37%, up 19.0% over the prior year.
  • Gross Margin for Q4 2025 was 28.79% at Coupang, down from 29.35% in the prior quarter.
  • The five-year high for Gross Margin was 31.27% in Q4 2024, with the low at 14.7% in Q2 2021.
  • Average Gross Margin over 5 years is 24.56%, with a median of 25.46% recorded in 2023.
  • Year-over-year, Gross Margin soared 820bps in 2022 and then crashed -248bps in 2025.
  • Tracing CPNG's Gross Margin over 5 years: stood at 15.87% in 2021, then skyrocketed by 51bps to 24.01% in 2022, then rose by 7bps to 25.61% in 2023, then increased by 22bps to 31.27% in 2024, then fell by -8bps to 28.79% in 2025.
  • Per Business Quant, the three most recent readings for CPNG's Gross Margin are 28.79% (Q4 2025), 29.35% (Q3 2025), and 30.04% (Q2 2025).