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亚马逊（AMZN）与ASPEN AEROGELS INC（ASPN）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ASPEN AEROGELS INC的5161.9倍（$213.4B vs $41.3M）。亚马逊净利率更高（9.9% vs -176.4%，领先186.3%）。亚马逊同比增速更快（13.6% vs -66.4%）。亚马逊自由现金流更多（$14.9B vs $13.7M）。过去两年亚马逊的营收复合增速更高（22.0% vs -33.9%）
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。
Aspen Aerogels Inc是全球领先的气凝胶基高性能隔热及热管理材料生产商，产品广泛应用于可再生能源、油气基础设施、航空航天、商业建筑与工业制造领域，核心市场覆盖北美、欧洲及亚太地区，旗下材料以优异的耐热性、防火性能和轻量化特性广受客户认可。
AMZN vs ASPN — 直观对比
营收规模更大
AMZN
是对方的5161.9倍
$41.3M
营收增速更快
AMZN
高出80.0%
-66.4%
净利率更高
AMZN
高出186.3%
-176.4%
自由现金流更多
AMZN
多$14.9B
$13.7M
两年增速更快
AMZN
近两年复合增速
-33.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $41.3M |
| 净利润 | $21.2B | $-72.9M |
| 毛利率 | 48.5% | -55.5% |
| 营业利润率 | 11.7% | -170.3% |
| 净利率 | 9.9% | -176.4% |
| 营收同比 | 13.6% | -66.4% |
| 净利润同比 | 5.9% | -741.7% |
| 每股收益（稀释后） | $1.95 | $-0.87 |
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AMZNASPN
| Q4 25 | $213.4B | $41.3M | ||
| Q3 25 | $180.2B | $73.0M | ||
| Q2 25 | $167.7B | $78.0M | ||
| Q1 25 | $155.7B | $78.7M | ||
| Q4 24 | $187.8B | $123.1M | ||
| Q3 24 | $158.9B | $117.3M | ||
| Q2 24 | $148.0B | $117.8M | ||
| Q1 24 | $143.3B | $94.5M |
净利润AMZNASPN
| Q4 25 | $21.2B | $-72.9M | ||
| Q3 25 | $21.2B | $-6.3M | ||
| Q2 25 | $18.2B | $-9.1M | ||
| Q1 25 | $17.1B | $-301.2M | ||
| Q4 24 | $20.0B | $11.4M | ||
| Q3 24 | $15.3B | $-13.0M | ||
| Q2 24 | $13.5B | $16.8M | ||
| Q1 24 | $10.4B | $-1.8M |
毛利率AMZNASPN
| Q4 25 | 48.5% | -55.5% | ||
| Q3 25 | 50.8% | 28.5% | ||
| Q2 25 | 51.8% | 32.4% | ||
| Q1 25 | 50.6% | 29.0% | ||
| Q4 24 | 47.3% | 38.3% | ||
| Q3 24 | 49.0% | 41.8% | ||
| Q2 24 | 50.1% | 43.8% | ||
| Q1 24 | 49.3% | 37.2% |
营业利润率AMZNASPN
| Q4 25 | 11.7% | -170.3% | ||
| Q3 25 | 9.7% | -4.6% | ||
| Q2 25 | 11.4% | -6.6% | ||
| Q1 25 | 11.8% | -380.2% | ||
| Q4 24 | 11.3% | 12.0% | ||
| Q3 24 | 11.0% | 14.8% | ||
| Q2 24 | 9.9% | 17.0% | ||
| Q1 24 | 10.7% | 2.6% |
净利率AMZNASPN
| Q4 25 | 9.9% | -176.4% | ||
| Q3 25 | 11.8% | -8.7% | ||
| Q2 25 | 10.8% | -11.6% | ||
| Q1 25 | 11.0% | -382.7% | ||
| Q4 24 | 10.7% | 9.2% | ||
| Q3 24 | 9.6% | -11.1% | ||
| Q2 24 | 9.1% | 14.3% | ||
| Q1 24 | 7.3% | -1.9% |
每股收益（稀释后）AMZNASPN
| Q4 25 | $1.95 | $-0.87 | ||
| Q3 25 | $1.95 | $-0.08 | ||
| Q2 25 | $1.68 | $-0.11 | ||
| Q1 25 | $1.59 | $-3.67 | ||
| Q4 24 | $1.86 | $0.15 | ||
| Q3 24 | $1.43 | $-0.17 | ||
| Q2 24 | $1.26 | $0.21 | ||
| Q1 24 | $0.98 | $-0.02 |
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 | $156.9M |
| 总债务越低越好 | $68.8B | $65.5M |
| 股东权益账面价值 | $411.1B | $235.5M |
| 总资产 | $818.0B | $406.7M |
| 负债/权益比越低杠杆越低 | 0.17× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资AMZNASPN
| Q4 25 | $123.0B | $156.9M | ||
| Q3 25 | $94.2B | $150.7M | ||
| Q2 25 | $93.2B | $167.6M | ||
| Q1 25 | $94.6B | $192.0M | ||
| Q4 24 | $101.2B | $220.9M | ||
| Q3 24 | $88.1B | $113.5M | ||
| Q2 24 | $89.1B | $91.4M | ||
| Q1 24 | $85.1B | $101.5M |
总债务AMZNASPN
| Q4 25 | $68.8B | $65.5M | ||
| Q3 25 | $55.1B | $70.1M | ||
| Q2 25 | $56.1B | $77.3M | ||
| Q1 25 | $58.8B | $95.4M | ||
| Q4 24 | $58.0B | $95.0M | ||
| Q3 24 | $60.5B | $93.7M | ||
| Q2 24 | $62.7B | — | ||
| Q1 24 | $66.9B | — |
股东权益AMZNASPN
| Q4 25 | $411.1B | $235.5M | ||
| Q3 25 | $369.6B | $305.7M | ||
| Q2 25 | $333.8B | $308.8M | ||
| Q1 25 | $305.9B | $314.8M | ||
| Q4 24 | $286.0B | $614.7M | ||
| Q3 24 | $259.2B | $507.6M | ||
| Q2 24 | $236.4B | $517.8M | ||
| Q1 24 | $216.7B | $491.2M |
总资产AMZNASPN
| Q4 25 | $818.0B | $406.7M | ||
| Q3 25 | $727.9B | $491.4M | ||
| Q2 25 | $682.2B | $525.1M | ||
| Q1 25 | $643.3B | $555.0M | ||
| Q4 24 | $624.9B | $895.1M | ||
| Q3 24 | $584.6B | $782.6M | ||
| Q2 24 | $554.8B | $748.6M | ||
| Q1 24 | $531.0B | $698.0M |
负债/权益比AMZNASPN
| Q4 25 | 0.17× | 0.28× | ||
| Q3 25 | 0.15× | 0.23× | ||
| Q2 25 | 0.17× | 0.25× | ||
| Q1 25 | 0.19× | 0.30× | ||
| Q4 24 | 0.20× | 0.15× | ||
| Q3 24 | 0.23× | 0.18× | ||
| 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 | $16.1M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $13.7M |
| 自由现金流率自由现金流/营收 | 7.0% | 33.1% |
| 资本支出强度资本支出/营收 | 18.5% | 6.0% |
| 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 | $-4.6M |
8季度趋势，按日历期对齐
经营现金流AMZNASPN
| Q4 25 | $54.5B | $16.1M | ||
| Q3 25 | $35.5B | $15.0M | ||
| Q2 25 | $32.5B | $-3.9M | ||
| Q1 25 | $17.0B | $5.6M | ||
| Q4 24 | $45.6B | $35.7M | ||
| Q3 24 | $26.0B | $20.8M | ||
| Q2 24 | $25.3B | $6.8M | ||
| Q1 24 | $19.0B | $-17.7M |
自由现金流AMZNASPN
| Q4 25 | $14.9B | $13.7M | ||
| Q3 25 | $430.0M | $5.9M | ||
| Q2 25 | $332.0M | $-16.8M | ||
| Q1 25 | $-8.0B | $-7.4M | ||
| Q4 24 | $17.8B | $20.9M | ||
| Q3 24 | $3.4B | $-50.0K | ||
| Q2 24 | $7.7B | $-18.0M | ||
| Q1 24 | $4.1B | $-43.6M |
自由现金流率AMZNASPN
| Q4 25 | 7.0% | 33.1% | ||
| Q3 25 | 0.2% | 8.1% | ||
| Q2 25 | 0.2% | -21.6% | ||
| Q1 25 | -5.1% | -9.4% | ||
| Q4 24 | 9.5% | 17.0% | ||
| Q3 24 | 2.1% | -0.0% | ||
| Q2 24 | 5.2% | -15.3% | ||
| Q1 24 | 2.8% | -46.1% |
资本支出强度AMZNASPN
| Q4 25 | 18.5% | 6.0% | ||
| Q3 25 | 19.5% | 12.5% | ||
| Q2 25 | 19.2% | 16.5% | ||
| Q1 25 | 16.1% | 16.5% | ||
| Q4 24 | 14.8% | 12.0% | ||
| Q3 24 | 14.2% | 17.7% | ||
| Q2 24 | 11.9% | 21.1% | ||
| Q1 24 | 10.4% | 27.4% |
现金转化率AMZNASPN
| Q4 25 | 2.57× | — | ||
| Q3 25 | 1.68× | — | ||
| Q2 25 | 1.79× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | 2.28× | 3.14× | ||
| Q3 24 | 1.69× | — | ||
| Q2 24 | 1.87× | 0.41× | ||
| Q1 24 | 1.82× | — |
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% |
ASPN
| Energy Industrial | $14.5M | 35% |
| Other | $13.9M | 34% |
| Thermal Barrier | $12.9M | 31% |
