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亚马逊（AMZN）与Aterian, Inc.（ATER）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Aterian, Inc.的14101.6倍（$213.4B vs $15.1M）。亚马逊净利率更高（9.9% vs -52.5%，领先62.4%）。亚马逊同比增速更快（13.6% vs -38.5%）。亚马逊自由现金流更多（$14.9B vs $-1.0M）。过去两年亚马逊的营收复合增速更高（22.0% vs -13.5%）
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。
Aterian, Inc.是一家技术驱动的消费品企业，依托人工智能与数据分析挖掘市场需求，开发、采购并销售家居、个护、健康、户外、宠物用品等多品类高性价比商品，主要通过全球主流电商平台销往北美、欧洲等核心市场。
AMZN vs ATER — 直观对比
营收规模更大
AMZN
是对方的14101.6倍
$15.1M
营收增速更快
AMZN
高出52.1%
-38.5%
净利率更高
AMZN
高出62.4%
-52.5%
自由现金流更多
AMZN
多$14.9B
$-1.0M
两年增速更快
AMZN
近两年复合增速
-13.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $15.1M |
| 净利润 | $21.2B | $-7.9M |
| 毛利率 | 48.5% | 56.1% |
| 营业利润率 | 11.7% | -51.1% |
| 净利率 | 9.9% | -52.5% |
| 营收同比 | 13.6% | -38.5% |
| 净利润同比 | 5.9% | -512.2% |
| 每股收益（稀释后） | $1.95 | — |
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AMZNATER
| Q4 25 | $213.4B | $15.1M | ||
| Q3 25 | $180.2B | $19.0M | ||
| Q2 25 | $167.7B | $19.5M | ||
| Q1 25 | $155.7B | $15.4M | ||
| Q4 24 | $187.8B | $24.6M | ||
| Q3 24 | $158.9B | $26.2M | ||
| Q2 24 | $148.0B | $28.0M | ||
| Q1 24 | $143.3B | $20.2M |
净利润AMZNATER
| Q4 25 | $21.2B | $-7.9M | ||
| Q3 25 | $21.2B | $-2.3M | ||
| Q2 25 | $18.2B | $-4.9M | ||
| Q1 25 | $17.1B | $-3.9M | ||
| Q4 24 | $20.0B | $-1.3M | ||
| Q3 24 | $15.3B | $-1.8M | ||
| Q2 24 | $13.5B | $-3.6M | ||
| Q1 24 | $10.4B | $-5.2M |
毛利率AMZNATER
| Q4 25 | 48.5% | 56.1% | ||
| Q3 25 | 50.8% | 56.1% | ||
| Q2 25 | 51.8% | 54.3% | ||
| Q1 25 | 50.6% | 61.4% | ||
| Q4 24 | 47.3% | 63.4% | ||
| Q3 24 | 49.0% | 60.3% | ||
| Q2 24 | 50.1% | 60.4% | ||
| Q1 24 | 49.3% | 65.1% |
营业利润率AMZNATER
| Q4 25 | 11.7% | -51.1% | ||
| Q3 25 | 9.7% | -10.7% | ||
| Q2 25 | 11.4% | -23.1% | ||
| Q1 25 | 11.8% | -24.1% | ||
| Q4 24 | 11.3% | -6.5% | ||
| Q3 24 | 11.0% | -6.6% | ||
| Q2 24 | 9.9% | -11.5% | ||
| Q1 24 | 10.7% | -26.1% |
净利率AMZNATER
| Q4 25 | 9.9% | -52.5% | ||
| Q3 25 | 11.8% | -12.0% | ||
| Q2 25 | 10.8% | -25.0% | ||
| Q1 25 | 11.0% | -25.4% | ||
| Q4 24 | 10.7% | -5.3% | ||
| Q3 24 | 9.6% | -6.8% | ||
| Q2 24 | 9.1% | -13.0% | ||
| Q1 24 | 7.3% | -25.5% |
每股收益（稀释后）AMZNATER
| Q4 25 | $1.95 | — | ||
| Q3 25 | $1.95 | — | ||
| Q2 25 | $1.68 | — | ||
| Q1 25 | $1.59 | — | ||
| Q4 24 | $1.86 | — | ||
| Q3 24 | $1.43 | — | ||
| Q2 24 | $1.26 | — | ||
| Q1 24 | $0.98 | — |
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 | $4.9M |
| 总债务越低越好 | $68.8B | — |
| 股东权益账面价值 | $411.1B | $15.2M |
| 总资产 | $818.0B | $29.6M |
| 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AMZNATER
| Q4 25 | $123.0B | $4.9M | ||
| Q3 25 | $94.2B | $7.6M | ||
| Q2 25 | $93.2B | $10.5M | ||
| Q1 25 | $94.6B | $14.3M | ||
| Q4 24 | $101.2B | $18.0M | ||
| Q3 24 | $88.1B | $16.1M | ||
| Q2 24 | $89.1B | $20.3M | ||
| Q1 24 | $85.1B | $17.5M |
总债务AMZNATER
| 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AMZNATER
| Q4 25 | $411.1B | $15.2M | ||
| Q3 25 | $369.6B | $22.6M | ||
| Q2 25 | $333.8B | $24.3M | ||
| Q1 25 | $305.9B | $27.0M | ||
| Q4 24 | $286.0B | $30.0M | ||
| Q3 24 | $259.2B | $30.6M | ||
| Q2 24 | $236.4B | $30.9M | ||
| Q1 24 | $216.7B | $33.0M |
总资产AMZNATER
| Q4 25 | $818.0B | $29.6M | ||
| Q3 25 | $727.9B | $40.1M | ||
| Q2 25 | $682.2B | $45.4M | ||
| Q1 25 | $643.3B | $49.8M | ||
| Q4 24 | $624.9B | $49.5M | ||
| Q3 24 | $584.6B | $52.1M | ||
| Q2 24 | $554.8B | $59.9M | ||
| Q1 24 | $531.0B | $55.7M |
负债/权益比AMZNATER
| 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 | $-1.0M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $-1.0M |
| 自由现金流率自由现金流/营收 | 7.0% | -6.9% |
| 资本支出强度资本支出/营收 | 18.5% | 0.0% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流AMZNATER
| Q4 25 | $54.5B | $-1.0M | ||
| Q3 25 | $35.5B | $-1.6M | ||
| Q2 25 | $32.5B | $-4.4M | ||
| Q1 25 | $17.0B | $-3.9M | ||
| Q4 24 | $45.6B | $-9.0K | ||
| Q3 24 | $26.0B | $-722.0K | ||
| Q2 24 | $25.3B | $2.9M | ||
| Q1 24 | $19.0B | $-6.0K |
自由现金流AMZNATER
| Q4 25 | $14.9B | $-1.0M | ||
| Q3 25 | $430.0M | $-1.6M | ||
| Q2 25 | $332.0M | $-4.4M | ||
| Q1 25 | $-8.0B | — | ||
| Q4 24 | $17.8B | — | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $7.7B | $2.9M | ||
| Q1 24 | $4.1B | $-42.0K |
自由现金流率AMZNATER
| Q4 25 | 7.0% | -6.9% | ||
| Q3 25 | 0.2% | -8.4% | ||
| Q2 25 | 0.2% | -22.7% | ||
| Q1 25 | -5.1% | — | ||
| Q4 24 | 9.5% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 5.2% | 10.3% | ||
| Q1 24 | 2.8% | -0.2% |
资本支出强度AMZNATER
| Q4 25 | 18.5% | 0.0% | ||
| Q3 25 | 19.5% | 0.2% | ||
| Q2 25 | 19.2% | 0.0% | ||
| Q1 25 | 16.1% | 0.0% | ||
| Q4 24 | 14.8% | 0.0% | ||
| Q3 24 | 14.2% | 0.0% | ||
| Q2 24 | 11.9% | 0.0% | ||
| Q1 24 | 10.4% | 0.2% |
现金转化率AMZNATER
| Q4 25 | 2.57× | — | ||
| Q3 25 | 1.68× | — | ||
| Q2 25 | 1.79× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | 2.28× | — | ||
| Q3 24 | 1.69× | — | ||
| Q2 24 | 1.87× | — | ||
| 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% |
ATER
| Sales Channel Directly To Consumer | $13.1M | 87% |
| Heating Cooling And Air Quality | $2.1M | 14% |
