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亚马逊（AMZN）与BJ's Wholesale Club Holdings, Inc.（BJ）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BJ's Wholesale Club Holdings, Inc.的39.9倍（$213.4B vs $5.3B）。亚马逊净利率更高（9.9% vs 2.8%，领先7.1%）。亚马逊同比增速更快（13.6% vs 4.9%）。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 -0.1%）
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。
BJ's Wholesale Club Holdings是美国区域型会员制仓储连锁商超，总部位于马萨诸塞州马尔伯勒，业务覆盖美国东部地区及俄亥俄、密歇根、肯塔基州路易斯维尔、印第安纳、田纳西、佛罗里达、阿拉巴马等地，主要竞争对手为好市多和山姆会员店。
AMZN vs BJ — 直观对比
营收规模更大
AMZN
是对方的39.9倍
$5.3B
营收增速更快
AMZN
高出8.7%
4.9%
净利率更高
AMZN
高出7.1%
2.8%
自由现金流更多
AMZN
多$15.0B
$-13.7M
两年增速更快
AMZN
近两年复合增速
-0.1%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $5.3B |
| 净利润 | $21.2B | $152.1M |
| 毛利率 | 48.5% | 19.0% |
| 营业利润率 | 11.7% | 4.1% |
| 净利率 | 9.9% | 2.8% |
| 营收同比 | 13.6% | 4.9% |
| 净利润同比 | 5.9% | -2.4% |
| 每股收益（稀释后） | $1.95 | $1.15 |
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AMZNBJ
| Q4 25 | $213.4B | $5.3B | ||
| Q3 25 | $180.2B | $5.4B | ||
| Q2 25 | $167.7B | $5.2B | ||
| Q1 25 | $155.7B | $5.3B | ||
| Q4 24 | $187.8B | $5.1B | ||
| Q3 24 | $158.9B | $5.2B | ||
| Q2 24 | $148.0B | $4.9B | ||
| Q1 24 | $143.3B | $5.4B |
净利润AMZNBJ
| Q4 25 | $21.2B | $152.1M | ||
| Q3 25 | $21.2B | $150.7M | ||
| Q2 25 | $18.2B | $149.8M | ||
| Q1 25 | $17.1B | $122.7M | ||
| Q4 24 | $20.0B | $155.7M | ||
| Q3 24 | $15.3B | $145.0M | ||
| Q2 24 | $13.5B | $111.0M | ||
| Q1 24 | $10.4B | $145.9M |
毛利率AMZNBJ
| Q4 25 | 48.5% | 19.0% | ||
| Q3 25 | 50.8% | 18.7% | ||
| Q2 25 | 51.8% | 18.8% | ||
| Q1 25 | 50.6% | 18.0% | ||
| Q4 24 | 47.3% | 19.1% | ||
| Q3 24 | 49.0% | 18.4% | ||
| Q2 24 | 50.1% | 18.0% | ||
| Q1 24 | 49.3% | 18.0% |
营业利润率AMZNBJ
| Q4 25 | 11.7% | 4.1% | ||
| Q3 25 | 9.7% | 4.0% | ||
| Q2 25 | 11.4% | 4.0% | ||
| Q1 25 | 11.8% | 3.4% | ||
| Q4 24 | 11.3% | 4.5% | ||
| Q3 24 | 11.0% | 3.9% | ||
| Q2 24 | 9.9% | 3.3% | ||
| Q1 24 | 10.7% | 4.0% |
净利率AMZNBJ
| Q4 25 | 9.9% | 2.8% | ||
| Q3 25 | 11.8% | 2.8% | ||
| Q2 25 | 10.8% | 2.9% | ||
| Q1 25 | 11.0% | 2.3% | ||
| Q4 24 | 10.7% | 3.1% | ||
| Q3 24 | 9.6% | 2.8% | ||
| Q2 24 | 9.1% | 2.3% | ||
| Q1 24 | 7.3% | 2.7% |
每股收益（稀释后）AMZNBJ
| Q4 25 | $1.95 | $1.15 | ||
| Q3 25 | $1.95 | $1.14 | ||
| Q2 25 | $1.68 | $1.13 | ||
| Q1 25 | $1.59 | $0.92 | ||
| Q4 24 | $1.86 | $1.17 | ||
| Q3 24 | $1.43 | $1.08 | ||
| Q2 24 | $1.26 | $0.83 | ||
| Q1 24 | $0.98 | $1.09 |
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 | $45.1M |
| 总债务越低越好 | $68.8B | $399.0M |
| 股东权益账面价值 | $411.1B | $2.2B |
| 总资产 | $818.0B | $7.5B |
| 负债/权益比越低杠杆越低 | 0.17× | 0.18× |
8季度趋势，按日历期对齐
现金及短期投资AMZNBJ
| Q4 25 | $123.0B | $45.1M | ||
| Q3 25 | $94.2B | $47.3M | ||
| Q2 25 | $93.2B | $39.5M | ||
| Q1 25 | $94.6B | $28.3M | ||
| Q4 24 | $101.2B | $33.9M | ||
| Q3 24 | $88.1B | $38.1M | ||
| Q2 24 | $89.1B | $35.1M | ||
| Q1 24 | $85.1B | $36.0M |
总债务AMZNBJ
| Q4 25 | $68.8B | $399.0M | ||
| Q3 25 | $55.1B | $399.0M | ||
| Q2 25 | $56.1B | $398.9M | ||
| Q1 25 | $58.8B | $398.8M | ||
| Q4 24 | $58.0B | $398.7M | ||
| Q3 24 | $60.5B | $398.6M | ||
| Q2 24 | $62.7B | $398.5M | ||
| Q1 24 | $66.9B | $398.4M |
股东权益AMZNBJ
| Q4 25 | $411.1B | $2.2B | ||
| Q3 25 | $369.6B | $2.1B | ||
| Q2 25 | $333.8B | $2.0B | ||
| Q1 25 | $305.9B | $1.8B | ||
| Q4 24 | $286.0B | $1.8B | ||
| Q3 24 | $259.2B | $1.7B | ||
| Q2 24 | $236.4B | $1.5B | ||
| Q1 24 | $216.7B | $1.5B |
总资产AMZNBJ
| Q4 25 | $818.0B | $7.5B | ||
| Q3 25 | $727.9B | $7.2B | ||
| Q2 25 | $682.2B | $7.2B | ||
| Q1 25 | $643.3B | $7.1B | ||
| Q4 24 | $624.9B | $7.2B | ||
| Q3 24 | $584.6B | $6.9B | ||
| Q2 24 | $554.8B | $6.8B | ||
| Q1 24 | $531.0B | $6.7B |
负债/权益比AMZNBJ
| Q4 25 | 0.17× | 0.18× | ||
| Q3 25 | 0.15× | 0.19× | ||
| Q2 25 | 0.17× | 0.20× | ||
| Q1 25 | 0.19× | 0.22× | ||
| Q4 24 | 0.20× | 0.23× | ||
| Q3 24 | 0.23× | 0.24× | ||
| Q2 24 | 0.27× | 0.26× | ||
| Q1 24 | 0.31× | 0.27× |
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 | $181.1M |
| 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% | -0.3% |
| 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× | 1.19× |
| 过去12个月自由现金流最近4个季度 | $7.7B | $249.6M |
8季度趋势，按日历期对齐
经营现金流AMZNBJ
| Q4 25 | $54.5B | $181.1M | ||
| Q3 25 | $35.5B | $249.9M | ||
| Q2 25 | $32.5B | $208.1M | ||
| Q1 25 | $17.0B | $271.9M | ||
| Q4 24 | $45.6B | $206.8M | ||
| Q3 24 | $26.0B | $221.4M | ||
| Q2 24 | $25.3B | $200.8M | ||
| Q1 24 | $19.0B | $274.4M |
自由现金流AMZNBJ
| Q4 25 | $14.9B | $-13.7M | ||
| Q3 25 | $430.0M | $84.3M | ||
| Q2 25 | $332.0M | $67.6M | ||
| Q1 25 | $-8.0B | $111.5M | ||
| Q4 24 | $17.8B | $18.8M | ||
| Q3 24 | $3.4B | $87.5M | ||
| Q2 24 | $7.7B | $95.1M | ||
| Q1 24 | $4.1B | $155.2M |
自由现金流率AMZNBJ
| Q4 25 | 7.0% | -0.3% | ||
| Q3 25 | 0.2% | 1.6% | ||
| Q2 25 | 0.2% | 1.3% | ||
| Q1 25 | -5.1% | 2.1% | ||
| Q4 24 | 9.5% | 0.4% | ||
| Q3 24 | 2.1% | 1.7% | ||
| Q2 24 | 5.2% | 1.9% | ||
| Q1 24 | 2.8% | 2.9% |
资本支出强度AMZNBJ
| Q4 25 | 18.5% | 3.6% | ||
| Q3 25 | 19.5% | 3.1% | ||
| Q2 25 | 19.2% | 2.7% | ||
| Q1 25 | 16.1% | 3.0% | ||
| Q4 24 | 14.8% | 3.7% | ||
| Q3 24 | 14.2% | 2.6% | ||
| Q2 24 | 11.9% | 2.1% | ||
| Q1 24 | 10.4% | 2.2% |
现金转化率AMZNBJ
| Q4 25 | 2.57× | 1.19× | ||
| Q3 25 | 1.68× | 1.66× | ||
| Q2 25 | 1.79× | 1.39× | ||
| Q1 25 | 0.99× | 2.22× | ||
| Q4 24 | 2.28× | 1.33× | ||
| Q3 24 | 1.69× | 1.53× | ||
| Q2 24 | 1.87× | 1.81× | ||
| Q1 24 | 1.82× | 1.88× |
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% |
BJ
暂无分部数据
