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亚马逊（AMZN）与亚什兰（ASH）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亚什兰的552.8倍（$213.4B vs $386.0M）。亚马逊净利率更高（9.9% vs -3.1%，领先13.0%）。亚马逊同比增速更快（13.6% vs -4.7%）。亚马逊自由现金流更多（$14.9B vs $111.0M）。过去两年亚马逊的营收复合增速更高（22.0% vs -18.1%）
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。
亚什兰是一家总部位于美国特拉华州威尔明顿的化工企业，1924年始创于肯塔基州亚什兰市，最初以炼油业务起家，1994年迁至现总部。公司拥有多个业务板块，覆盖化工中间体与溶剂、复合材料、工业特种化学品、个人及家居护理、制药、食品饮料以及农业相关领域，2017年之前曾是胜牌润滑油的主要生产商。
AMZN vs ASH — 直观对比
营收规模更大
AMZN
是对方的552.8倍
$386.0M
营收增速更快
AMZN
高出18.3%
-4.7%
净利率更高
AMZN
高出13.0%
-3.1%
自由现金流更多
AMZN
多$14.8B
$111.0M
两年增速更快
AMZN
近两年复合增速
-18.1%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $386.0M |
| 净利润 | $21.2B | $-12.0M |
| 毛利率 | 48.5% | 27.2% |
| 营业利润率 | 11.7% | -1.6% |
| 净利率 | 9.9% | -3.1% |
| 营收同比 | 13.6% | -4.7% |
| 净利润同比 | 5.9% | 92.7% |
| 每股收益（稀释后） | $1.95 | $-0.26 |
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AMZNASH
| Q4 25 | $213.4B | $386.0M | ||
| Q3 25 | $180.2B | $477.0M | ||
| Q2 25 | $167.7B | $463.0M | ||
| Q1 25 | $155.7B | $479.0M | ||
| Q4 24 | $187.8B | $405.0M | ||
| Q3 24 | $158.9B | $521.0M | ||
| Q2 24 | $148.0B | $544.0M | ||
| Q1 24 | $143.3B | $575.0M |
净利润AMZNASH
| Q4 25 | $21.2B | $-12.0M | ||
| Q3 25 | $21.2B | $31.0M | ||
| Q2 25 | $18.2B | $-742.0M | ||
| Q1 25 | $17.1B | $31.0M | ||
| Q4 24 | $20.0B | $-165.0M | ||
| Q3 24 | $15.3B | $17.0M | ||
| Q2 24 | $13.5B | $6.0M | ||
| Q1 24 | $10.4B | $120.0M |
毛利率AMZNASH
| Q4 25 | 48.5% | 27.2% | ||
| Q3 25 | 50.8% | 33.3% | ||
| Q2 25 | 51.8% | 28.5% | ||
| Q1 25 | 50.6% | 30.7% | ||
| Q4 24 | 47.3% | 27.4% | ||
| Q3 24 | 49.0% | 33.2% | ||
| Q2 24 | 50.1% | 34.2% | ||
| Q1 24 | 49.3% | 28.0% |
营业利润率AMZNASH
| Q4 25 | 11.7% | -1.6% | ||
| Q3 25 | 9.7% | 12.8% | ||
| Q2 25 | 11.4% | -152.9% | ||
| Q1 25 | 11.8% | 10.6% | ||
| Q4 24 | 11.3% | -44.2% | ||
| Q3 24 | 11.0% | 6.1% | ||
| Q2 24 | 9.9% | -11.2% | ||
| Q1 24 | 10.7% | 3.7% |
净利率AMZNASH
| Q4 25 | 9.9% | -3.1% | ||
| Q3 25 | 11.8% | 6.5% | ||
| Q2 25 | 10.8% | -160.3% | ||
| Q1 25 | 11.0% | 6.5% | ||
| Q4 24 | 10.7% | -40.7% | ||
| Q3 24 | 9.6% | 3.3% | ||
| Q2 24 | 9.1% | 1.1% | ||
| Q1 24 | 7.3% | 20.9% |
每股收益（稀释后）AMZNASH
| Q4 25 | $1.95 | $-0.26 | ||
| Q3 25 | $1.95 | $0.83 | ||
| Q2 25 | $1.68 | $-16.21 | ||
| Q1 25 | $1.59 | $0.65 | ||
| Q4 24 | $1.86 | $-3.50 | ||
| Q3 24 | $1.43 | $0.34 | ||
| Q2 24 | $1.26 | $0.12 | ||
| Q1 24 | $0.98 | $2.39 |
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 | $304.0M |
| 总债务越低越好 | $68.8B | $1.4B |
| 股东权益账面价值 | $411.1B | $1.9B |
| 总资产 | $818.0B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.17× | 0.74× |
8季度趋势，按日历期对齐
现金及短期投资AMZNASH
| Q4 25 | $123.0B | $304.0M | ||
| Q3 25 | $94.2B | $215.0M | ||
| Q2 25 | $93.2B | $207.0M | ||
| Q1 25 | $94.6B | $168.0M | ||
| Q4 24 | $101.2B | $219.0M | ||
| Q3 24 | $88.1B | $300.0M | ||
| Q2 24 | $89.1B | $399.0M | ||
| Q1 24 | $85.1B | $439.0M |
总债务AMZNASH
| Q4 25 | $68.8B | $1.4B | ||
| Q3 25 | $55.1B | $1.4B | ||
| Q2 25 | $56.1B | $1.4B | ||
| Q1 25 | $58.8B | $1.3B | ||
| Q4 24 | $58.0B | $1.3B | ||
| Q3 24 | $60.5B | $1.3B | ||
| Q2 24 | $62.7B | $1.3B | ||
| Q1 24 | $66.9B | $1.3B |
股东权益AMZNASH
| Q4 25 | $411.1B | $1.9B | ||
| Q3 25 | $369.6B | $1.9B | ||
| Q2 25 | $333.8B | $1.9B | ||
| Q1 25 | $305.9B | $2.6B | ||
| Q4 24 | $286.0B | $2.6B | ||
| Q3 24 | $259.2B | $2.9B | ||
| Q2 24 | $236.4B | $3.0B | ||
| Q1 24 | $216.7B | $3.1B |
总资产AMZNASH
| Q4 25 | $818.0B | $4.5B | ||
| Q3 25 | $727.9B | $4.6B | ||
| Q2 25 | $682.2B | $4.6B | ||
| Q1 25 | $643.3B | $5.2B | ||
| Q4 24 | $624.9B | $5.2B | ||
| Q3 24 | $584.6B | $5.6B | ||
| Q2 24 | $554.8B | $5.7B | ||
| Q1 24 | $531.0B | $5.9B |
负债/权益比AMZNASH
| Q4 25 | 0.17× | 0.74× | ||
| Q3 25 | 0.15× | 0.73× | ||
| Q2 25 | 0.17× | 0.73× | ||
| Q1 25 | 0.19× | 0.52× | ||
| Q4 24 | 0.20× | 0.51× | ||
| Q3 24 | 0.23× | 0.47× | ||
| Q2 24 | 0.27× | 0.45× | ||
| Q1 24 | 0.31× | 0.42× |
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 | $125.0M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $111.0M |
| 自由现金流率自由现金流/营收 | 7.0% | 28.8% |
| 资本支出强度资本支出/营收 | 18.5% | 3.6% |
| 现金转化率经营现金流/净利润 | 2.57× | — |
| 过去12个月自由现金流最近4个季度 | $7.7B | $200.0M |
8季度趋势，按日历期对齐
经营现金流AMZNASH
| Q4 25 | $54.5B | $125.0M | ||
| Q3 25 | $35.5B | $40.0M | ||
| Q2 25 | $32.5B | $115.0M | ||
| Q1 25 | $17.0B | $9.0M | ||
| Q4 24 | $45.6B | $-30.0M | ||
| Q3 24 | $26.0B | $80.0M | ||
| Q2 24 | $25.3B | $127.0M | ||
| Q1 24 | $19.0B | $54.0M |
自由现金流AMZNASH
| Q4 25 | $14.9B | $111.0M | ||
| Q3 25 | $430.0M | $6.0M | ||
| Q2 25 | $332.0M | $95.0M | ||
| Q1 25 | $-8.0B | $-12.0M | ||
| Q4 24 | $17.8B | $-53.0M | ||
| Q3 24 | $3.4B | $42.0M | ||
| Q2 24 | $7.7B | $98.0M | ||
| Q1 24 | $4.1B | $20.0M |
自由现金流率AMZNASH
| Q4 25 | 7.0% | 28.8% | ||
| Q3 25 | 0.2% | 1.3% | ||
| Q2 25 | 0.2% | 20.5% | ||
| Q1 25 | -5.1% | -2.5% | ||
| Q4 24 | 9.5% | -13.1% | ||
| Q3 24 | 2.1% | 8.1% | ||
| Q2 24 | 5.2% | 18.0% | ||
| Q1 24 | 2.8% | 3.5% |
资本支出强度AMZNASH
| Q4 25 | 18.5% | 3.6% | ||
| Q3 25 | 19.5% | 7.1% | ||
| Q2 25 | 19.2% | 4.3% | ||
| Q1 25 | 16.1% | 4.4% | ||
| Q4 24 | 14.8% | 5.7% | ||
| Q3 24 | 14.2% | 7.3% | ||
| Q2 24 | 11.9% | 5.3% | ||
| Q1 24 | 10.4% | 5.9% |
现金转化率AMZNASH
| Q4 25 | 2.57× | — | ||
| Q3 25 | 1.68× | 1.29× | ||
| Q2 25 | 1.79× | — | ||
| Q1 25 | 0.99× | 0.29× | ||
| Q4 24 | 2.28× | — | ||
| Q3 24 | 1.69× | 4.71× | ||
| Q2 24 | 1.87× | 21.17× | ||
| Q1 24 | 1.82× | 0.45× |
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% |
ASH
| Personal Care And Household | $123.0M | 32% |
| Other | $120.0M | 31% |
| Specialty Additives | $36.0M | 9% |
| Intermediates And Solvents | $31.0M | 8% |
| Personal Care | $30.0M | 8% |
| Life Sciences | $27.0M | 7% |
| Intermediates | $19.0M | 5% |
