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亚马逊（AMZN）与Arhaus, Inc.（ARHS）财务数据对比。点击上方公司名可切换其他公司
亚马逊的季度营收约是Arhaus, Inc.的584.9倍（$213.4B vs $364.8M）。亚马逊净利率更高（9.9% vs 4.1%，领先5.8%）。亚马逊同比增速更快（13.6% vs 5.1%）。亚马逊自由现金流更多（$14.9B vs $-8.8M）。过去两年亚马逊的营收复合增速更高（22.0% vs 11.2%）
亚马逊是全球知名的综合电商与科技企业，业务覆盖北美及全球多个地区，设有北美零售、国际零售、亚马逊云科技（AWS）三大业务板块。除运营线上线下零售渠道、提供消费商品售卖与订阅服务外，也为第三方卖家提供销售平台，还自主研发销售Kindle、Fire平板等电子设备。
Arhaus, Inc.是源自美国的高端家居零售企业，总部位于俄亥俄州波士顿高地，1986年正式创立。品牌主打可持续理念与工匠级品质，产品品类丰富，采用全渠道模式面向个人消费者及企业客户，覆盖民用与商用家居场景，提供相关产品与配套服务。
AMZN vs ARHS — 直观对比
营收规模更大
AMZN
是对方的584.9倍
$364.8M
营收增速更快
AMZN
高出8.5%
5.1%
净利率更高
AMZN
高出5.8%
4.1%
自由现金流更多
AMZN
多$14.9B
$-8.8M
两年增速更快
AMZN
近两年复合增速
11.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $364.8M |
| 净利润 | $21.2B | $15.1M |
| 毛利率 | 48.5% | 38.1% |
| 营业利润率 | 11.7% | 5.6% |
| 净利率 | 9.9% | 4.1% |
| 营收同比 | 13.6% | 5.1% |
| 净利润同比 | 5.9% | -29.1% |
| 每股收益（稀释后） | $1.95 | $0.11 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AMZNARHS
| Q4 25 | $213.4B | $364.8M | ||
| Q3 25 | $180.2B | $344.6M | ||
| Q2 25 | $167.7B | $358.4M | ||
| Q1 25 | $155.7B | $311.4M | ||
| Q4 24 | $187.8B | $347.0M | ||
| Q3 24 | $158.9B | $319.1M | ||
| Q2 24 | $148.0B | $309.8M | ||
| Q1 24 | $143.3B | $295.2M |
净利润AMZNARHS
| Q4 25 | $21.2B | $15.1M | ||
| Q3 25 | $21.2B | $12.2M | ||
| Q2 25 | $18.2B | $35.1M | ||
| Q1 25 | $17.1B | $4.9M | ||
| Q4 24 | $20.0B | $21.3M | ||
| Q3 24 | $15.3B | $9.9M | ||
| Q2 24 | $13.5B | $22.2M | ||
| Q1 24 | $10.4B | $15.1M |
毛利率AMZNARHS
| Q4 25 | 48.5% | 38.1% | ||
| Q3 25 | 50.8% | 38.7% | ||
| Q2 25 | 51.8% | 41.4% | ||
| Q1 25 | 50.6% | 37.1% | ||
| Q4 24 | 47.3% | 40.0% | ||
| Q3 24 | 49.0% | 38.6% | ||
| Q2 24 | 50.1% | 40.1% | ||
| Q1 24 | 49.3% | 39.0% |
营业利润率AMZNARHS
| Q4 25 | 11.7% | 5.6% | ||
| Q3 25 | 9.7% | 4.8% | ||
| Q2 25 | 11.4% | 13.0% | ||
| Q1 25 | 11.8% | 1.7% | ||
| Q4 24 | 11.3% | 8.2% | ||
| Q3 24 | 11.0% | 3.3% | ||
| Q2 24 | 9.9% | 9.5% | ||
| Q1 24 | 10.7% | 6.2% |
净利率AMZNARHS
| Q4 25 | 9.9% | 4.1% | ||
| Q3 25 | 11.8% | 3.5% | ||
| Q2 25 | 10.8% | 9.8% | ||
| Q1 25 | 11.0% | 1.6% | ||
| Q4 24 | 10.7% | 6.1% | ||
| Q3 24 | 9.6% | 3.1% | ||
| Q2 24 | 9.1% | 7.2% | ||
| Q1 24 | 7.3% | 5.1% |
每股收益（稀释后）AMZNARHS
| Q4 25 | $1.95 | $0.11 | ||
| Q3 25 | $1.95 | $0.09 | ||
| Q2 25 | $1.68 | $0.25 | ||
| Q1 25 | $1.59 | $0.03 | ||
| Q4 24 | $1.86 | $0.15 | ||
| Q3 24 | $1.43 | $0.07 | ||
| Q2 24 | $1.26 | $0.16 | ||
| Q1 24 | $0.98 | $0.11 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $123.0B | $253.4M |
| 总债务越低越好 | $68.8B | — |
| 股东权益账面价值 | $411.1B | $418.2M |
| 总资产 | $818.0B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.17× | — |
8季度趋势，按日历期对齐
现金及短期投资AMZNARHS
| Q4 25 | $123.0B | $253.4M | ||
| Q3 25 | $94.2B | $262.2M | ||
| Q2 25 | $93.2B | $234.8M | ||
| Q1 25 | $94.6B | $214.4M | ||
| Q4 24 | $101.2B | $197.5M | ||
| Q3 24 | $88.1B | $177.7M | ||
| Q2 24 | $89.1B | $174.2M | ||
| Q1 24 | $85.1B | $233.2M |
总债务AMZNARHS
| Q4 25 | $68.8B | — | ||
| Q3 25 | $55.1B | — | ||
| Q2 25 | $56.1B | — | ||
| Q1 25 | $58.8B | — | ||
| Q4 24 | $58.0B | — | ||
| Q3 24 | $60.5B | — | ||
| Q2 24 | $62.7B | — | ||
| Q1 24 | $66.9B | — |
股东权益AMZNARHS
| Q4 25 | $411.1B | $418.2M | ||
| Q3 25 | $369.6B | $400.4M | ||
| Q2 25 | $333.8B | $385.6M | ||
| Q1 25 | $305.9B | $348.8M | ||
| Q4 24 | $286.0B | $343.7M | ||
| Q3 24 | $259.2B | $320.6M | ||
| Q2 24 | $236.4B | $309.3M | ||
| Q1 24 | $216.7B | $285.6M |
总资产AMZNARHS
| Q4 25 | $818.0B | $1.4B | ||
| Q3 25 | $727.9B | $1.4B | ||
| Q2 25 | $682.2B | $1.3B | ||
| Q1 25 | $643.3B | $1.3B | ||
| Q4 24 | $624.9B | $1.2B | ||
| Q3 24 | $584.6B | $1.2B | ||
| Q2 24 | $554.8B | $1.2B | ||
| Q1 24 | $531.0B | $1.2B |
负债/权益比AMZNARHS
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.19× | — | ||
| Q4 24 | 0.20× | — | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 0.27× | — | ||
| Q1 24 | 0.31× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $54.5B | $9.3M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $-8.8M |
| 自由现金流率自由现金流/营收 | 7.0% | -2.4% |
| 资本支出强度资本支出/营收 | 18.5% | 5.0% |
| 现金转化率经营现金流/净利润 | 2.57× | 0.62× |
| 过去12个月自由现金流最近4个季度 | $7.7B | $59.0M |
8季度趋势，按日历期对齐
经营现金流AMZNARHS
| Q4 25 | $54.5B | $9.3M | ||
| Q3 25 | $35.5B | $46.1M | ||
| Q2 25 | $32.5B | $34.9M | ||
| Q1 25 | $17.0B | $46.5M | ||
| Q4 24 | $45.6B | $31.7M | ||
| Q3 24 | $26.0B | $31.1M | ||
| Q2 24 | $25.3B | $47.5M | ||
| Q1 24 | $19.0B | $36.8M |
自由现金流AMZNARHS
| Q4 25 | $14.9B | $-8.8M | ||
| Q3 25 | $430.0M | $28.0M | ||
| Q2 25 | $332.0M | $20.9M | ||
| Q1 25 | $-8.0B | $18.9M | ||
| Q4 24 | $17.8B | $13.0M | ||
| Q3 24 | $3.4B | $4.6M | ||
| Q2 24 | $7.7B | $11.3M | ||
| Q1 24 | $4.1B | $10.9M |
自由现金流率AMZNARHS
| Q4 25 | 7.0% | -2.4% | ||
| Q3 25 | 0.2% | 8.1% | ||
| Q2 25 | 0.2% | 5.8% | ||
| Q1 25 | -5.1% | 6.1% | ||
| Q4 24 | 9.5% | 3.7% | ||
| Q3 24 | 2.1% | 1.4% | ||
| Q2 24 | 5.2% | 3.6% | ||
| Q1 24 | 2.8% | 3.7% |
资本支出强度AMZNARHS
| Q4 25 | 18.5% | 5.0% | ||
| Q3 25 | 19.5% | 5.3% | ||
| Q2 25 | 19.2% | 3.9% | ||
| Q1 25 | 16.1% | 8.9% | ||
| Q4 24 | 14.8% | 5.4% | ||
| Q3 24 | 14.2% | 8.3% | ||
| Q2 24 | 11.9% | 11.7% | ||
| Q1 24 | 10.4% | 8.8% |
现金转化率AMZNARHS
| Q4 25 | 2.57× | 0.62× | ||
| Q3 25 | 1.68× | 3.77× | ||
| Q2 25 | 1.79× | 1.00× | ||
| Q1 25 | 0.99× | 9.53× | ||
| Q4 24 | 2.28× | 1.49× | ||
| Q3 24 | 1.69× | 3.14× | ||
| Q2 24 | 1.87× | 2.14× | ||
| Q1 24 | 1.82× | 2.44× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
