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亚马逊（AMZN）与ACUITY INC. (DE)（AYI）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ACUITY INC. (DE)的186.6倍（$213.4B vs $1.1B）。ACUITY INC. (DE)净利率更高（10.5% vs 9.9%，领先0.6%）。ACUITY INC. (DE)同比增速更快（20.2% vs 13.6%）。亚马逊自由现金流更多（$14.9B vs $114.8M）。过去两年亚马逊的营收复合增速更高（22.0% vs 12.4%）
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。
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AMZN vs AYI — 直观对比
营收规模更大
AMZN
是对方的186.6倍
$1.1B
营收增速更快
AYI
高出6.6%
13.6%
净利率更高
AYI
高出0.6%
9.9%
自由现金流更多
AMZN
多$14.8B
$114.8M
两年增速更快
AMZN
近两年复合增速
12.4%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $1.1B |
| 净利润 | $21.2B | $120.5M |
| 毛利率 | 48.5% | 48.4% |
| 营业利润率 | 11.7% | 14.0% |
| 净利率 | 9.9% | 10.5% |
| 营收同比 | 13.6% | 20.2% |
| 净利润同比 | 5.9% | 12.9% |
| 每股收益（稀释后） | $1.95 | $3.82 |
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AMZNAYI
| Q4 25 | $213.4B | $1.1B | ||
| Q3 25 | $180.2B | $1.2B | ||
| Q2 25 | $167.7B | $1.2B | ||
| Q1 25 | $155.7B | $1.0B | ||
| Q4 24 | $187.8B | $951.6M | ||
| Q3 24 | $158.9B | $1.0B | ||
| Q2 24 | $148.0B | $968.1M | ||
| Q1 24 | $143.3B | $905.9M |
净利润AMZNAYI
| Q4 25 | $21.2B | $120.5M | ||
| Q3 25 | $21.2B | $114.0M | ||
| Q2 25 | $18.2B | $98.4M | ||
| Q1 25 | $17.1B | $77.5M | ||
| Q4 24 | $20.0B | $106.7M | ||
| Q3 24 | $15.3B | $118.9M | ||
| Q2 24 | $13.5B | $113.9M | ||
| Q1 24 | $10.4B | $89.2M |
毛利率AMZNAYI
| Q4 25 | 48.5% | 48.4% | ||
| Q3 25 | 50.8% | 48.9% | ||
| Q2 25 | 51.8% | 48.4% | ||
| Q1 25 | 50.6% | 46.5% | ||
| Q4 24 | 47.3% | 47.2% | ||
| Q3 24 | 49.0% | 47.3% | ||
| Q2 24 | 50.1% | 46.7% | ||
| Q1 24 | 49.3% | 45.5% |
营业利润率AMZNAYI
| Q4 25 | 11.7% | 14.0% | ||
| Q3 25 | 9.7% | 14.9% | ||
| Q2 25 | 11.4% | 11.9% | ||
| Q1 25 | 11.8% | 11.0% | ||
| Q4 24 | 11.3% | 14.0% | ||
| Q3 24 | 11.0% | 15.2% | ||
| Q2 24 | 9.9% | 15.0% | ||
| Q1 24 | 10.7% | 13.0% |
净利率AMZNAYI
| Q4 25 | 9.9% | 10.5% | ||
| Q3 25 | 11.8% | 9.4% | ||
| Q2 25 | 10.8% | 8.3% | ||
| Q1 25 | 11.0% | 7.7% | ||
| Q4 24 | 10.7% | 11.2% | ||
| Q3 24 | 9.6% | 11.5% | ||
| Q2 24 | 9.1% | 11.8% | ||
| Q1 24 | 7.3% | 9.8% |
每股收益（稀释后）AMZNAYI
| Q4 25 | $1.95 | $3.82 | ||
| Q3 25 | $1.95 | $3.61 | ||
| Q2 25 | $1.68 | $3.12 | ||
| Q1 25 | $1.59 | $2.45 | ||
| Q4 24 | $1.86 | $3.35 | ||
| Q3 24 | $1.43 | $3.77 | ||
| Q2 24 | $1.26 | $3.62 | ||
| Q1 24 | $0.98 | $2.84 |
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 | $376.1M |
| 总债务越低越好 | $68.8B | — |
| 股东权益账面价值 | $411.1B | $2.8B |
| 总资产 | $818.0B | $4.7B |
| 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AMZNAYI
| Q4 25 | $123.0B | $376.1M | ||
| Q3 25 | $94.2B | $422.5M | ||
| Q2 25 | $93.2B | $371.8M | ||
| Q1 25 | $94.6B | $397.9M | ||
| Q4 24 | $101.2B | $935.6M | ||
| Q3 24 | $88.1B | $845.8M | ||
| Q2 24 | $89.1B | $699.0M | ||
| Q1 24 | $85.1B | $578.9M |
总债务AMZNAYI
| 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AMZNAYI
| Q4 25 | $411.1B | $2.8B | ||
| Q3 25 | $369.6B | $2.7B | ||
| Q2 25 | $333.8B | $2.6B | ||
| Q1 25 | $305.9B | $2.5B | ||
| Q4 24 | $286.0B | $2.5B | ||
| Q3 24 | $259.2B | $2.4B | ||
| Q2 24 | $236.4B | $2.3B | ||
| Q1 24 | $216.7B | $2.1B |
总资产AMZNAYI
| Q4 25 | $818.0B | $4.7B | ||
| Q3 25 | $727.9B | $4.8B | ||
| Q2 25 | $682.2B | $4.6B | ||
| Q1 25 | $643.3B | $4.6B | ||
| Q4 24 | $624.9B | $3.9B | ||
| Q3 24 | $584.6B | $3.8B | ||
| Q2 24 | $554.8B | $3.6B | ||
| Q1 24 | $531.0B | $3.5B |
负债/权益比AMZNAYI
| 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 | $140.8M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $114.8M |
| 自由现金流率自由现金流/营收 | 7.0% | 10.0% |
| 资本支出强度资本支出/营收 | 18.5% | 2.3% |
| 现金转化率经营现金流/净利润 | 2.57× | 1.17× |
| 过去12个月自由现金流最近4个季度 | $7.7B | $534.5M |
8季度趋势，按日历期对齐
经营现金流AMZNAYI
| Q4 25 | $54.5B | $140.8M | ||
| Q3 25 | $35.5B | $202.5M | ||
| Q2 25 | $32.5B | $207.3M | ||
| Q1 25 | $17.0B | $59.4M | ||
| Q4 24 | $45.6B | $132.2M | ||
| Q3 24 | $26.0B | $174.1M | ||
| Q2 24 | $25.3B | $152.5M | ||
| Q1 24 | $19.0B | $102.6M |
自由现金流AMZNAYI
| Q4 25 | $14.9B | $114.8M | ||
| Q3 25 | $430.0M | $177.7M | ||
| Q2 25 | $332.0M | $192.3M | ||
| Q1 25 | $-8.0B | $49.7M | ||
| Q4 24 | $17.8B | $113.3M | ||
| Q3 24 | $3.4B | $151.1M | ||
| Q2 24 | $7.7B | $140.5M | ||
| Q1 24 | $4.1B | $88.2M |
自由现金流率AMZNAYI
| Q4 25 | 7.0% | 10.0% | ||
| Q3 25 | 0.2% | 14.7% | ||
| Q2 25 | 0.2% | 16.3% | ||
| Q1 25 | -5.1% | 4.9% | ||
| Q4 24 | 9.5% | 11.9% | ||
| Q3 24 | 2.1% | 14.6% | ||
| Q2 24 | 5.2% | 14.5% | ||
| Q1 24 | 2.8% | 9.7% |
资本支出强度AMZNAYI
| Q4 25 | 18.5% | 2.3% | ||
| Q3 25 | 19.5% | 2.1% | ||
| Q2 25 | 19.2% | 1.3% | ||
| Q1 25 | 16.1% | 1.0% | ||
| Q4 24 | 14.8% | 2.0% | ||
| Q3 24 | 14.2% | 2.2% | ||
| Q2 24 | 11.9% | 1.2% | ||
| Q1 24 | 10.4% | 1.6% |
现金转化率AMZNAYI
| Q4 25 | 2.57× | 1.17× | ||
| Q3 25 | 1.68× | 1.78× | ||
| Q2 25 | 1.79× | 2.11× | ||
| Q1 25 | 0.99× | 0.77× | ||
| Q4 24 | 2.28× | 1.24× | ||
| Q3 24 | 1.69× | 1.46× | ||
| Q2 24 | 1.87× | 1.34× | ||
| Q1 24 | 1.82× | 1.15× |
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% |
AYI
| Sales Channel Through Independent Sales Network | $616.7M | 54% |
| Acuity Intelligent Spaces | $248.1M | 22% |
| QSCLLC | $95.1M | 8% |
| Sales Channel Through Direct Sales Network | $70.6M | 6% |
| Sales Channel Through Original Equipment Manufacturer And Other | $49.1M | 4% |
| Sales Channel Through Corporate Accounts Network | $40.7M | 4% |
| Sales Channel Through Retail | $40.3M | 4% |
