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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) Operating Margin (2020 - 2025)

Coupang's Operating Margin history spans 6 years, with the latest figure at 0.09% for Q4 2025.

  • For the quarter ending Q4 2025, Operating Margin fell 383.0% year-over-year to 0.09%, compared with a TTM value of 1.37% through Dec 2025, down 7.0%, and an annual FY2025 reading of 1.37%, down 7.0% over the prior year.
  • Operating Margin for Q4 2025 was 0.09% at Coupang, down from 1.75% in the prior quarter.
  • The five-year high for Operating Margin was 3.92% in Q4 2024, with the low at 11.5% in Q2 2021.
  • Average Operating Margin over 5 years is 0.79%, with a median of 1.4% recorded in 2024.
  • Year-over-year, Operating Margin plummeted -786bps in 2021 and then soared 1017bps in 2022.
  • Tracing CPNG's Operating Margin over 5 years: stood at 7.81% in 2021, then soared by 120bps to 1.57% in 2022, then grew by 27bps to 2.0% in 2023, then skyrocketed by 96bps to 3.92% in 2024, then tumbled by -98bps to 0.09% in 2025.
  • Per Business Quant, the three most recent readings for CPNG's Operating Margin are 0.09% (Q4 2025), 1.75% (Q3 2025), and 1.75% (Q2 2025).