For Shopify brands with 50–500 SKUs

Find the SKUs that look profitable but are actually losing money.

Shopify shows gross profit. MarginCaptain loads shipping, fees, CAC, returns, and fulfillment per SKU — and finds the products that are secretly leaking margin.

7-day free trial. Plans start at $29/month.

Margin Leak Report2 flagged
Everyday Tote — NaturalFake-profitable

$48.00

Gross margin

68% ($32.64)

True contribution

5.0% ($2.41)

Shipping: $6.50Fees: $1.73CAC: $14.00Returns: $3.80Fulfillment: $4.20
Mini Pouch — BlackNegative

$22.00

Gross margin

72% ($15.84)

True contribution

-22.3% (-$4.90)

Shipping: $4.50Fees: $0.94CAC: $11.00Returns: $1.10Fulfillment: $3.20

1 in 4

SKUs are fake-profitable in the average catalog

$4.20

median hidden margin leak per unit

< 5 min

from CSV upload to full margin audit

The Problem

Your margin report is lying to you.

Shopify's profit reports show gross margin — revenue minus COGS. That number looks great. But it ignores shipping, payment fees, CAC, returns, packaging, and fulfillment.

The result: you scale products that look like winners but are actually breaking even or losing money after all costs are loaded.

That's a fake-profitable SKU. And most brands have more of them than they think.

The Hidden MathFake-profitable
Line itemAmount
Sale price$40.00
COGS-$12.00
Gross profit70% — looks great$28.00
Shipping-$7.00
Payment fees-$1.50
CAC-$11.00
Returns allowance-$2.00
Packaging-$1.00
Fulfillment-$3.00
True contribution6.3% — barely alive$2.50

What MarginCaptain does

Stop scaling products that only look healthy on paper.

01

Find fake-profitable SKUs

Products that look healthy in gross margin but fail after loading shipping, fees, CAC, returns, and fulfillment. Flagged automatically by severity.

02

See where margin leaks

For every SKU, see exactly which costs are eating margin — ranked by impact. Know whether it's CAC, shipping, returns, or fees dragging you down.

03

Know what to do about it

Get specific actions per SKU: reprice with a suggested floor, cut underperformers, pause ad spend when CAC exceeds break-even, or flag bundle candidates.

04

Test before you act

Model pricing changes, CAC shifts, and volume scenarios before committing. See how each change affects true contribution across your catalog.

05

Works with your Shopify data

Export your products from Shopify, upload the CSV, and add your real costs. Full margin audit in minutes, not weeks of spreadsheet work.

How it works

Full margin audit in under 5 minutes.

01

Upload your SKU data

Export from Shopify or enter manually. Add your real shipping, fulfillment, CAC, return rates, and payment processing costs.

02

See which SKUs are fake-profitable

MarginCaptain loads all variable costs per SKU and flags products where simple reporting masks weak or negative contribution.

03

Get your action list

Know exactly which SKUs to reprice, cut, bundle, or stop scaling — and by how much. Prioritized by margin impact.

Why not just use Shopify reports?

Shopify shows gross profit. MarginCaptain shows true contribution.

Cost lineShopify ReportsMarginCaptain
COGSYesYes
Shipping per SKUYes
Payment processingYes
CAC per SKUYes
Returns allowanceYes
Fulfillment costsYes
PackagingYes
Fake-profitable detectionYes

Stop guessing which products are actually profitable.

Upload your Shopify data. Find your margin leaks in minutes.

Run a free margin audit