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Side-by-side financial comparison of Amazon (AMZN) and WATSCO INC (WSO). Click either name above to swap in a different company.
Amazon is the larger business by last-quarter revenue ($213.4B vs $1.6B, roughly 135.2× WATSCO INC). Amazon runs the higher net margin — 9.9% vs 4.5%, a 5.4% gap on every dollar of revenue. On growth, Amazon posted the faster year-over-year revenue change (13.6% vs -10.0%). Amazon produced more free cash flow last quarter ($14.9B vs $388.5M). Over the past eight quarters, Amazon's revenue compounded faster (22.0% CAGR vs 0.4%).
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 ...
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States. Watsco was founded more than 60 years ago as a manufacturer of parts, components, and tools used in the HVAC/R industry. In 1989, the company shifted from manufacturing to distribution, by acquiring Gemaire Distributors Inc., a South Florida-based Rheem distributor.
AMZN vs WSO — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $213.4B | $1.6B |
| Net Profit | $21.2B | $71.7M |
| Gross Margin | 48.5% | 27.1% |
| Operating Margin | 11.7% | 6.4% |
| Net Margin | 9.9% | 4.5% |
| Revenue YoY | 13.6% | -10.0% |
| Net Profit YoY | 5.9% | -25.9% |
| EPS (diluted) | $1.95 | $1.82 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $213.4B | $1.6B | ||
| Q3 25 | $180.2B | $2.1B | ||
| Q2 25 | $167.7B | $2.1B | ||
| Q1 25 | $155.7B | $1.5B | ||
| Q4 24 | $187.8B | $1.8B | ||
| Q3 24 | $158.9B | $2.2B | ||
| Q2 24 | $148.0B | $2.1B | ||
| Q1 24 | $143.3B | $1.6B |
| Q4 25 | $21.2B | $71.7M | ||
| Q3 25 | $21.2B | $161.6M | ||
| Q2 25 | $18.2B | $183.6M | ||
| Q1 25 | $17.1B | $80.1M | ||
| Q4 24 | $20.0B | $96.8M | ||
| Q3 24 | $15.3B | $171.0M | ||
| Q2 24 | $13.5B | $181.4M | ||
| Q1 24 | $10.4B | $87.0M |
| Q4 25 | 48.5% | 27.1% | ||
| Q3 25 | 50.8% | 27.5% | ||
| Q2 25 | 51.8% | 29.3% | ||
| Q1 25 | 50.6% | 28.1% | ||
| Q4 24 | 47.3% | 26.7% | ||
| Q3 24 | 49.0% | 26.2% | ||
| Q2 24 | 50.1% | 27.1% | ||
| Q1 24 | 49.3% | 27.5% |
| Q4 25 | 11.7% | 6.4% | ||
| Q3 25 | 9.7% | 11.4% | ||
| Q2 25 | 11.4% | 13.2% | ||
| Q1 25 | 11.8% | 7.3% | ||
| Q4 24 | 11.3% | 7.8% | ||
| Q3 24 | 11.0% | 11.6% | ||
| Q2 24 | 9.9% | 12.6% | ||
| Q1 24 | 10.7% | 8.1% |
| Q4 25 | 9.9% | 4.5% | ||
| Q3 25 | 11.8% | 7.8% | ||
| Q2 25 | 10.8% | 8.9% | ||
| Q1 25 | 11.0% | 5.2% | ||
| Q4 24 | 10.7% | 5.5% | ||
| Q3 24 | 9.6% | 7.9% | ||
| Q2 24 | 9.1% | 8.5% | ||
| Q1 24 | 7.3% | 5.6% |
| Q4 25 | $1.95 | $1.82 | ||
| Q3 25 | $1.95 | $3.98 | ||
| Q2 25 | $1.68 | $4.52 | ||
| Q1 25 | $1.59 | $1.93 | ||
| Q4 24 | $1.86 | $2.42 | ||
| Q3 24 | $1.43 | $4.22 | ||
| Q2 24 | $1.26 | $4.49 | ||
| Q1 24 | $0.98 | $2.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $123.0B | $733.3M |
| Total DebtLower is stronger | $68.8B | $361.6M |
| Stockholders' EquityBook value | $411.1B | $2.8B |
| Total Assets | $818.0B | $4.4B |
| Debt / EquityLower = less leverage | 0.17× | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $123.0B | $733.3M | ||
| Q3 25 | $94.2B | $524.3M | ||
| Q2 25 | $93.2B | $293.0M | ||
| Q1 25 | $94.6B | $431.8M | ||
| Q4 24 | $101.2B | $781.9M | ||
| Q3 24 | $88.1B | $550.0M | ||
| Q2 24 | $89.1B | $424.9M | ||
| Q1 24 | $85.1B | $478.9M |
| Q4 25 | $68.8B | $361.6M | ||
| Q3 25 | $55.1B | $340.8M | ||
| Q2 25 | $56.1B | $338.7M | ||
| Q1 25 | $58.8B | $346.4M | ||
| Q4 24 | $58.0B | $337.2M | ||
| Q3 24 | $60.5B | $321.0M | ||
| Q2 24 | $62.7B | $307.1M | ||
| Q1 24 | $66.9B | $306.3M |
| Q4 25 | $411.1B | $2.8B | ||
| Q3 25 | $369.6B | $2.8B | ||
| Q2 25 | $333.8B | $2.8B | ||
| Q1 25 | $305.9B | $2.7B | ||
| Q4 24 | $286.0B | $2.7B | ||
| Q3 24 | $259.2B | $2.7B | ||
| Q2 24 | $236.4B | $2.6B | ||
| Q1 24 | $216.7B | $2.5B |
| Q4 25 | $818.0B | $4.4B | ||
| Q3 25 | $727.9B | $4.6B | ||
| Q2 25 | $682.2B | $4.7B | ||
| Q1 25 | $643.3B | $4.5B | ||
| Q4 24 | $624.9B | $4.5B | ||
| Q3 24 | $584.6B | $4.5B | ||
| Q2 24 | $554.8B | $4.4B | ||
| Q1 24 | $531.0B | $4.4B |
| Q4 25 | 0.17× | 0.13× | ||
| Q3 25 | 0.15× | 0.12× | ||
| Q2 25 | 0.17× | 0.12× | ||
| Q1 25 | 0.19× | 0.13× | ||
| Q4 24 | 0.20× | 0.13× | ||
| Q3 24 | 0.23× | 0.12× | ||
| Q2 24 | 0.27× | 0.12× | ||
| Q1 24 | 0.31× | 0.12× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $54.5B | $399.8M |
| Free Cash FlowOCF − Capex | $14.9B | $388.5M |
| FCF MarginFCF / Revenue | 7.0% | 24.6% |
| Capex IntensityCapex / Revenue | 18.5% | 0.7% |
| Cash ConversionOCF / Net Profit | 2.57× | 5.57× |
| TTM Free Cash FlowTrailing 4 quarters | $7.7B | $535.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.5B | $399.8M | ||
| Q3 25 | $35.5B | $354.9M | ||
| Q2 25 | $32.5B | $-7.4M | ||
| Q1 25 | $17.0B | $-177.6M | ||
| Q4 24 | $45.6B | $378.9M | ||
| Q3 24 | $26.0B | $232.8M | ||
| Q2 24 | $25.3B | $57.7M | ||
| Q1 24 | $19.0B | $103.7M |
| Q4 25 | $14.9B | $388.5M | ||
| Q3 25 | $430.0M | $346.1M | ||
| Q2 25 | $332.0M | $-14.3M | ||
| Q1 25 | $-8.0B | $-185.2M | ||
| Q4 24 | $17.8B | $370.9M | ||
| Q3 24 | $3.4B | $223.0M | ||
| Q2 24 | $7.7B | $51.3M | ||
| Q1 24 | $4.1B | $97.9M |
| Q4 25 | 7.0% | 24.6% | ||
| Q3 25 | 0.2% | 16.7% | ||
| Q2 25 | 0.2% | -0.7% | ||
| Q1 25 | -5.1% | -12.1% | ||
| Q4 24 | 9.5% | 21.1% | ||
| Q3 24 | 2.1% | 10.3% | ||
| Q2 24 | 5.2% | 2.4% | ||
| Q1 24 | 2.8% | 6.3% |
| Q4 25 | 18.5% | 0.7% | ||
| Q3 25 | 19.5% | 0.4% | ||
| Q2 25 | 19.2% | 0.3% | ||
| Q1 25 | 16.1% | 0.5% | ||
| Q4 24 | 14.8% | 0.5% | ||
| Q3 24 | 14.2% | 0.5% | ||
| Q2 24 | 11.9% | 0.3% | ||
| Q1 24 | 10.4% | 0.4% |
| Q4 25 | 2.57× | 5.57× | ||
| Q3 25 | 1.68× | 2.20× | ||
| Q2 25 | 1.79× | -0.04× | ||
| Q1 25 | 0.99× | -2.22× | ||
| Q4 24 | 2.28× | 3.91× | ||
| Q3 24 | 1.69× | 1.36× | ||
| Q2 24 | 1.87× | 0.32× | ||
| Q1 24 | 1.82× | 1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMZN
| Products | $90.0B | 42% |
| Third Party Seller Services | $52.8B | 25% |
| Other | $49.9B | 23% |
| Subscription Services | $13.1B | 6% |
| Physical Stores | $5.9B | 3% |
| Other Services | $1.7B | 1% |
WSO
Segment breakdown not available.
