How do Amazon and Carnival compare by revenue?

Amazon reported revenue of $213.4B in Q4 2025, while Carnival reported $6.3B in Q4 2025. Amazon is 33.7× larger by last-quarter revenue.

Which is growing revenue faster, Amazon or Carnival?

Amazon's latest revenue grew 13.6% year-over-year, versus 6.6% for Carnival. Amazon is growing faster on a YoY basis.

Which has a higher net margin, Amazon or Carnival?

Amazon's net margin is 9.9% vs Carnival's 6.6%. Amazon has the higher bottom-line margin.

Which generates more free cash flow, Amazon or Carnival?

Amazon generated $14.9B of free cash flow last quarter, versus $12.0M for Carnival. Free cash flow is operating cash flow minus capital expenditure — what's actually left for dividends, buybacks and debt repayment.

What is the 2-year revenue CAGR for Amazon vs Carnival?

Over the trailing 8 quarters, Amazon compounded revenue at roughly 22.0% per year, versus 8.2% for Carnival. Amazon has the faster medium-term growth trajectory.

Where does this AMZN vs CCL data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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Side-by-side financial comparison of Amazon (AMZN) and Carnival (CCL), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

Amazon is the larger business by last-quarter revenue ($213.4B vs $6.3B, roughly 33.7× Carnival). Amazon runs the higher net margin — 9.9% vs 6.6%, a 3.3% gap on every dollar of revenue. On growth, Amazon posted the faster year-over-year revenue change (13.6% vs 6.6%). Amazon produced more free cash flow last quarter ($14.9B vs $12.0M). Over the past eight quarters, Amazon's revenue compounded faster (22.0% CAGR vs 8.2%).

AmazonAMZNEarnings & Financial Report

Nasdaq · Consumer Discretionary · Specialty Retail

Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). Its products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers The company also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire ...

CarnivalCCLEarnings & Financial Report

NYSE · Consumer Discretionary · Hotels, Resorts & Cruise Lines

Carnival is a festive season that occurs at the close of the Christian pre-Lenten period, consisting of Quinquagesima or Shrove Sunday, Shrove Monday, and Shrove Tuesday or Mardi Gras.

AMZN vs CCL — Head-to-Head

Bigger by revenue

AMZN

33.7× larger

$213.4B

$6.3B

Growing faster (revenue YoY)

AMZN

+7.0% gap

13.6%

6.6%

Higher net margin

AMZN

3.3% more per $

9.9%

6.6%

More free cash flow

AMZN

$14.9B more FCF

$14.9B

$12.0M

Faster 2-yr revenue CAGR

AMZN

Annualised

22.0%

8.2%

Income Statement — Q4 2025 vs Q4 2025

Metric	AMZN	CCL
Revenue	$213.4B	$6.3B
Net Profit	$21.2B	$421.0M
Gross Margin	48.5%	—
Operating Margin	11.7%	11.6%
Net Margin	9.9%	6.6%
Revenue YoY	13.6%	6.6%
Net Profit YoY	5.9%	38.9%
EPS (diluted)	$1.95	$0.33

Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue

AMZN

CCL

Q4 25	$213.4B	$6.3B
Q3 25	$180.2B	$8.2B
Q2 25	$167.7B	$6.3B
Q1 25	$155.7B	$5.8B
Q4 24	$187.8B	$5.9B
Q3 24	$158.9B	$7.9B
Q2 24	$148.0B	$5.8B
Q1 24	$143.3B	$5.4B

Net Profit

AMZN

CCL

Q4 25	$21.2B	$421.0M
Q3 25	$21.2B	$1.9B
Q2 25	$18.2B	$565.0M
Q1 25	$17.1B	$-78.0M
Q4 24	$20.0B	$303.0M
Q3 24	$15.3B	$1.7B
Q2 24	$13.5B	$92.0M
Q1 24	$10.4B	$-214.0M

Gross Margin

AMZN

CCL

Q4 25	48.5%	—
Q3 25	50.8%	46.2%
Q2 25	51.8%	38.6%
Q1 25	50.6%	35.2%
Q4 24	47.3%	35.5%
Q3 24	49.0%	45.5%
Q2 24	50.1%	34.3%
Q1 24	49.3%	31.5%

Operating Margin

AMZN

CCL

Q4 25	11.7%	11.6%
Q3 25	9.7%	27.9%
Q2 25	11.4%	14.8%
Q1 25	11.8%	9.3%
Q4 24	11.3%	9.4%
Q3 24	11.0%	27.6%
Q2 24	9.9%	9.7%
Q1 24	10.7%	5.1%

Net Margin

AMZN

CCL

Q4 25	9.9%	6.6%
Q3 25	11.8%	22.7%
Q2 25	10.8%	8.9%
Q1 25	11.0%	-1.3%
Q4 24	10.7%	5.1%
Q3 24	9.6%	22.0%
Q2 24	9.1%	1.6%
Q1 24	7.3%	-4.0%

EPS (diluted)

AMZN

CCL

Q4 25	$1.95	$0.33
Q3 25	$1.95	$1.33
Q2 25	$1.68	$0.42
Q1 25	$1.59	$-0.06
Q4 24	$1.86	$0.28
Q3 24	$1.43	$1.26
Q2 24	$1.26	$0.07
Q1 24	$0.98	$-0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.

Metric	AMZN	CCL
Cash + ST InvestmentsLiquidity on hand	$123.0B	$1.9B
Total DebtLower is stronger	$68.8B	$27.4B
Stockholders' EquityBook value	$411.1B	$12.3B
Total Assets	$818.0B	$51.7B
Debt / EquityLower = less leverage	0.17×	2.23×

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Cash + ST Investments

AMZN

CCL

Q4 25	$123.0B	$1.9B
Q3 25	$94.2B	$1.8B
Q2 25	$93.2B	$2.1B
Q1 25	$94.6B	$833.0M
Q4 24	$101.2B	$1.2B
Q3 24	$88.1B	$1.5B
Q2 24	$89.1B	$1.6B
Q1 24	$85.1B	$2.2B

Total Debt

AMZN

CCL

Q4 25	$68.8B	$27.4B
Q3 25	$55.1B	$27.2B
Q2 25	$56.1B	$28.0B
Q1 25	$58.8B	$27.7B
Q4 24	$58.0B	$28.2B
Q3 24	$60.5B	$29.6B
Q2 24	$62.7B	$30.2B
Q1 24	$66.9B	$31.6B

Stockholders' Equity

AMZN

CCL

Q4 25	$411.1B	$12.3B
Q3 25	$369.6B	$11.9B
Q2 25	$333.8B	$10.0B
Q1 25	$305.9B	$9.2B
Q4 24	$286.0B	$9.3B
Q3 24	$259.2B	$8.6B
Q2 24	$236.4B	$6.8B
Q1 24	$216.7B	$6.7B

Total Assets

AMZN

CCL

Q4 25	$818.0B	$51.7B
Q3 25	$727.9B	$50.8B
Q2 25	$682.2B	$51.2B
Q1 25	$643.3B	$48.5B
Q4 24	$624.9B	$49.1B
Q3 24	$584.6B	$49.8B
Q2 24	$554.8B	$49.6B
Q1 24	$531.0B	$49.8B

Debt / Equity

AMZN

CCL

Q4 25	0.17×	2.23×
Q3 25	0.15×	2.28×
Q2 25	0.17×	2.79×
Q1 25	0.19×	3.02×
Q4 24	0.20×	3.05×
Q3 24	0.23×	3.45×
Q2 24	0.27×	4.43×
Q1 24	0.31×	4.72×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.

Metric	AMZN	CCL
Operating Cash FlowLast quarter	$54.5B	$1.5B
Free Cash FlowOCF − Capex	$14.9B	$12.0M
FCF MarginFCF / Revenue	7.0%	0.2%
Capex IntensityCapex / Revenue; lower = less reinvestment burden	18.5%	23.8%
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash	2.57×	3.61×
TTM Free Cash FlowTrailing 4 quarters	$7.7B	$2.6B

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow

AMZN

CCL

Q4 25	$54.5B	$1.5B
Q3 25	$35.5B	$1.4B
Q2 25	$32.5B	$2.4B
Q1 25	$17.0B	$925.0M
Q4 24	$45.6B	$911.0M
Q3 24	$26.0B	$1.2B
Q2 24	$25.3B	$2.0B
Q1 24	$19.0B	$1.8B

Free Cash Flow

AMZN

CCL

Q4 25	$14.9B	$12.0M
Q3 25	$430.0M	$736.0M
Q2 25	$332.0M	$1.5B
Q1 25	$-8.0B	$318.0M
Q4 24	$17.8B	$319.0M
Q3 24	$3.4B	$628.0M
Q2 24	$7.7B	$720.0M
Q1 24	$4.1B	$-370.0M

FCF Margin

AMZN

CCL

Q4 25	7.0%	0.2%
Q3 25	0.2%	9.0%
Q2 25	0.2%	24.4%
Q1 25	-5.1%	5.5%
Q4 24	9.5%	5.4%
Q3 24	2.1%	8.0%
Q2 24	5.2%	12.5%
Q1 24	2.8%	-6.8%

Capex Intensity

AMZN

CCL

Q4 25	18.5%	23.8%
Q3 25	19.5%	7.9%
Q2 25	19.2%	13.4%
Q1 25	16.1%	10.4%
Q4 24	14.8%	10.0%
Q3 24	14.2%	7.3%
Q2 24	11.9%	22.8%
Q1 24	10.4%	39.5%

Cash Conversion

AMZN

CCL

Q4 25	2.57×	3.61×
Q3 25	1.68×	0.75×
Q2 25	1.79×	4.23×
Q1 25	0.99×	—
Q4 24	2.28×	3.01×
Q3 24	1.69×	0.69×
Q2 24	1.87×	22.16×
Q1 24	1.82×	—

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.