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Glossary - Margin and unit economics

Break-even point

The break-even point is the sales volume at which total contribution margin exactly covers fixed costs, so profit is zero. It is calculated as fixed costs divided by contribution margin per order, and tells an ecommerce operator how many orders a period must clear before anything is earned.

Break-even point (orders) = Fixed costs ÷ contribution margin per order
Break-even revenue = Fixed costs ÷ contribution margin %
VariableWhat it means
Fixed costsPer-period costs that do not move with volume: rent, salaries, software, insurance.
Contribution margin per orderAverage order value minus all variable costs on the order (the step-down to CM3).
Contribution margin %Contribution per order ÷ average order value.

Worked example

Fixed costsA$26,500 /mo
Average order valueA$120.00
Contribution margin per order (after all variable costs)A$27.60 (23%)
Break-even point = 26,500 ÷ 27.60≈ 961 orders /mo
In revenue: 26,500 ÷ 0.23≈ A$115,217 /mo

Example numbers. The A$27.60 contribution per order is the A$120 order stepped down on The Math.

What is a good break-even point?

A good break-even point is one that sits comfortably below your current volume - the gap between the two is your margin of safety, and that gap is the honest measure here, not any absolute number. Where the point sits depends entirely on your fixed cost base and your contribution margin per order: a lean 3PL operation on strong margin breaks even at a fraction of the volume a warehouse-heavy, thin-margin store needs. Compute your own floor with the free break-even units calculator.

Break-even point vs related metrics

MetricWhat it measuresHow it differs from break-even point
Break-even ROASThe return an ad dollar must clear: 1 ÷ contribution margin before marketing (CM2).A per-ad-dollar hurdle for one campaign; break-even point is a whole-business volume against fixed costs.
Fixed costsPer-period overheads.The numerator - every dollar of overhead raises the orders needed to break even.
Contribution marginRevenue minus variable costs.The denominator - thinner contribution per order pushes the break-even point up.
Unit economicsThe profit and loss of one order, customer or SKU.Supplies the per-order contribution figure the break-even calculation depends on.

Common mistakes

  • Using gross margin as the denominator. Gross margin ignores fulfilment, fees and marketing, so it flatters contribution per order and understates the orders you need.
  • Treating it as static. Discounting, AOV shifts, freight changes and new hires all move the point - it is a monthly number, not an annual one.
  • Confusing it with break-even ROAS. One is order volume against fixed costs; the other is the hurdle a single ad dollar must clear. Different questions, different formulas.
  • Assuming fixed costs hold at higher volume. The volume that clears today's break-even may demand a bigger warehouse or more headcount - which moves the point again.
  • Computing on revenue without watching mix. Break-even revenue assumes contribution margin % holds; a shift in product mix quietly changes it.

Break-even point FAQ

No. The break-even point is the order volume at which contribution covers fixed costs; break-even ROAS (1 ÷ contribution margin before marketing, CM2) is the return one ad dollar must clear to cover variable cost.
Yes - divide fixed costs by contribution margin percent. It holds only while product mix and margin structure hold, so recheck it when either shifts.
Monthly at minimum, and whenever a driver moves: a price change, a freight renegotiation, a new hire or a discount period all shift the point.

Related

Blufire S2 Unit Economics computes the contribution per order this formula depends on - reconciled, per order, customer and SKU, in the Profitability Cube and the CM waterfall & bridge. The Math teaches the full step-down free.

Updated July 2026

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