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亚马逊（AMZN）与安富利（AVT）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安富利的33.8倍（$213.4B vs $6.3B）。亚马逊净利率更高（9.9% vs 1.0%，领先9.0%）。亚马逊同比增速更快（13.6% vs 11.6%）。亚马逊自由现金流更多（$14.9B vs $192.9M）。过去两年亚马逊的营收复合增速更高（22.0% vs 5.7%）
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。
安富利是全球知名的电子元器件分销商，总部位于美国亚利桑那州凤凰城，由查尔斯·安富利于1921年创立，最初起步于曼哈顿无线电街。1955年公司正式注册成立，1961年在纽约证券交易所上市，2018年5月8日转至纳斯达克挂牌交易，股票代码仍为AVT。
AMZN vs AVT — 直观对比
营收规模更大
AMZN
是对方的33.8倍
$6.3B
营收增速更快
AMZN
高出2.1%
11.6%
净利率更高
AMZN
高出9.0%
1.0%
自由现金流更多
AMZN
多$14.7B
$192.9M
两年增速更快
AMZN
近两年复合增速
5.7%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $6.3B |
| 净利润 | $21.2B | $61.7M |
| 毛利率 | 48.5% | 10.5% |
| 营业利润率 | 11.7% | 2.3% |
| 净利率 | 9.9% | 1.0% |
| 营收同比 | 13.6% | 11.6% |
| 净利润同比 | 5.9% | -29.2% |
| 每股收益（稀释后） | $1.95 | $0.75 |
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AMZNAVT
| Q4 25 | $213.4B | $6.3B | ||
| Q3 25 | $180.2B | $5.9B | ||
| Q2 25 | $167.7B | $5.6B | ||
| Q1 25 | $155.7B | $5.3B | ||
| Q4 24 | $187.8B | $5.7B | ||
| Q3 24 | $158.9B | $5.6B | ||
| Q2 24 | $148.0B | $5.6B | ||
| Q1 24 | $143.3B | $5.7B |
净利润AMZNAVT
| Q4 25 | $21.2B | $61.7M | ||
| Q3 25 | $21.2B | $51.7M | ||
| Q2 25 | $18.2B | $6.1M | ||
| Q1 25 | $17.1B | $87.9M | ||
| Q4 24 | $20.0B | $87.3M | ||
| Q3 24 | $15.3B | $59.0M | ||
| Q2 24 | $13.5B | $82.7M | ||
| Q1 24 | $10.4B | $88.8M |
毛利率AMZNAVT
| Q4 25 | 48.5% | 10.5% | ||
| Q3 25 | 50.8% | 10.4% | ||
| Q2 25 | 51.8% | 10.6% | ||
| Q1 25 | 50.6% | 11.1% | ||
| Q4 24 | 47.3% | 10.5% | ||
| Q3 24 | 49.0% | 10.8% | ||
| Q2 24 | 50.1% | 11.6% | ||
| Q1 24 | 49.3% | 11.8% |
营业利润率AMZNAVT
| Q4 25 | 11.7% | 2.3% | ||
| Q3 25 | 9.7% | 2.4% | ||
| Q2 25 | 11.4% | 1.3% | ||
| Q1 25 | 11.8% | 2.7% | ||
| Q4 24 | 11.3% | 2.7% | ||
| Q3 24 | 11.0% | 2.5% | ||
| Q2 24 | 9.9% | 3.0% | ||
| Q1 24 | 10.7% | 3.4% |
净利率AMZNAVT
| Q4 25 | 9.9% | 1.0% | ||
| Q3 25 | 11.8% | 0.9% | ||
| Q2 25 | 10.8% | 0.1% | ||
| Q1 25 | 11.0% | 1.7% | ||
| Q4 24 | 10.7% | 1.5% | ||
| Q3 24 | 9.6% | 1.1% | ||
| Q2 24 | 9.1% | 1.5% | ||
| Q1 24 | 7.3% | 1.6% |
每股收益（稀释后）AMZNAVT
| Q4 25 | $1.95 | $0.75 | ||
| Q3 25 | $1.95 | $0.61 | ||
| Q2 25 | $1.68 | $0.09 | ||
| Q1 25 | $1.59 | $1.01 | ||
| Q4 24 | $1.86 | $0.99 | ||
| Q3 24 | $1.43 | $0.66 | ||
| Q2 24 | $1.26 | $0.93 | ||
| Q1 24 | $0.98 | $0.97 |
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 | $286.5M |
| 总债务越低越好 | $68.8B | — |
| 股东权益账面价值 | $411.1B | $4.9B |
| 总资产 | $818.0B | $13.2B |
| 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AMZNAVT
| Q4 25 | $123.0B | $286.5M | ||
| Q3 25 | $94.2B | $175.5M | ||
| Q2 25 | $93.2B | $192.4M | ||
| Q1 25 | $94.6B | $188.9M | ||
| Q4 24 | $101.2B | $172.1M | ||
| Q3 24 | $88.1B | $267.5M | ||
| Q2 24 | $89.1B | $310.9M | ||
| Q1 24 | $85.1B | $218.5M |
总债务AMZNAVT
| 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AMZNAVT
| Q4 25 | $411.1B | $4.9B | ||
| Q3 25 | $369.6B | $4.8B | ||
| Q2 25 | $333.8B | $5.0B | ||
| Q1 25 | $305.9B | $4.9B | ||
| Q4 24 | $286.0B | $4.8B | ||
| Q3 24 | $259.2B | $5.0B | ||
| Q2 24 | $236.4B | $4.9B | ||
| Q1 24 | $216.7B | $5.0B |
总资产AMZNAVT
| Q4 25 | $818.0B | $13.2B | ||
| Q3 25 | $727.9B | $12.4B | ||
| Q2 25 | $682.2B | $12.1B | ||
| Q1 25 | $643.3B | $11.7B | ||
| Q4 24 | $624.9B | $11.9B | ||
| Q3 24 | $584.6B | $12.6B | ||
| Q2 24 | $554.8B | $12.2B | ||
| Q1 24 | $531.0B | $12.3B |
负债/权益比AMZNAVT
| 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 | $208.2M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $192.9M |
| 自由现金流率自由现金流/营收 | 7.0% | 3.1% |
| 资本支出强度资本支出/营收 | 18.5% | 0.2% |
| 现金转化率经营现金流/净利润 | 2.57× | 3.37× |
| 过去12个月自由现金流最近4个季度 | $7.7B | $217.7M |
8季度趋势，按日历期对齐
经营现金流AMZNAVT
| Q4 25 | $54.5B | $208.2M | ||
| Q3 25 | $35.5B | $-144.6M | ||
| Q2 25 | $32.5B | $139.5M | ||
| Q1 25 | $17.0B | $140.9M | ||
| Q4 24 | $45.6B | $337.8M | ||
| Q3 24 | $26.0B | $106.3M | ||
| Q2 24 | $25.3B | $274.3M | ||
| Q1 24 | $19.0B | $499.3M |
自由现金流AMZNAVT
| Q4 25 | $14.9B | $192.9M | ||
| Q3 25 | $430.0M | $-169.2M | ||
| Q2 25 | $332.0M | $79.9M | ||
| Q1 25 | $-8.0B | $114.1M | ||
| Q4 24 | $17.8B | $308.5M | ||
| Q3 24 | $3.4B | $74.5M | ||
| Q2 24 | $7.7B | $248.0M | ||
| Q1 24 | $4.1B | $457.2M |
自由现金流率AMZNAVT
| Q4 25 | 7.0% | 3.1% | ||
| Q3 25 | 0.2% | -2.9% | ||
| Q2 25 | 0.2% | 1.4% | ||
| Q1 25 | -5.1% | 2.1% | ||
| Q4 24 | 9.5% | 5.4% | ||
| Q3 24 | 2.1% | 1.3% | ||
| Q2 24 | 5.2% | 4.5% | ||
| Q1 24 | 2.8% | 8.1% |
资本支出强度AMZNAVT
| Q4 25 | 18.5% | 0.2% | ||
| Q3 25 | 19.5% | 0.4% | ||
| Q2 25 | 19.2% | 1.1% | ||
| Q1 25 | 16.1% | 0.5% | ||
| Q4 24 | 14.8% | 0.5% | ||
| Q3 24 | 14.2% | 0.6% | ||
| Q2 24 | 11.9% | 0.5% | ||
| Q1 24 | 10.4% | 0.7% |
现金转化率AMZNAVT
| Q4 25 | 2.57× | 3.37× | ||
| Q3 25 | 1.68× | -2.79× | ||
| Q2 25 | 1.79× | 22.91× | ||
| Q1 25 | 0.99× | 1.60× | ||
| Q4 24 | 2.28× | 3.87× | ||
| Q3 24 | 1.69× | 1.80× | ||
| Q2 24 | 1.87× | 3.32× | ||
| Q1 24 | 1.82× | 5.62× |
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% |
AVT
| Electronic Components | $5.9B | 93% |
| Premier Farnell | $427.1M | 7% |
