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亚马逊（AMZN）与Dutch Bros Inc.（BROS）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Dutch Bros Inc.的481.0倍（$213.4B vs $443.6M）。亚马逊净利率更高（9.9% vs 4.8%，领先5.1%）。Dutch Bros Inc.同比增速更快（29.4% vs 13.6%）。亚马逊自由现金流更多（$14.9B vs $8.5M）。过去两年Dutch Bros Inc.的营收复合增速更高（27.0% vs 22.0%）
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。
Dutch Bros Inc.是美国上市得来速咖啡连锁品牌，1992年由戴恩·博尔斯马与特拉维斯·博尔斯马创立，原总部位于俄勒冈州格兰茨帕斯，2025年迁至亚利桑那州坦佩。品牌拥有直营及加盟门店，主力布局美国西部市场，目前扩张范围最东已覆盖佛罗里达州奥兰多。
AMZN vs BROS — 直观对比
营收规模更大
AMZN
是对方的481.0倍
$443.6M
营收增速更快
BROS
高出15.8%
13.6%
净利率更高
AMZN
高出5.1%
4.8%
自由现金流更多
AMZN
多$14.9B
$8.5M
两年增速更快
BROS
近两年复合增速
22.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $443.6M |
| 净利润 | $21.2B | $21.4M |
| 毛利率 | 48.5% | 24.1% |
| 营业利润率 | 11.7% | 7.7% |
| 净利率 | 9.9% | 4.8% |
| 营收同比 | 13.6% | 29.4% |
| 净利润同比 | 5.9% | 491.6% |
| 每股收益（稀释后） | $1.95 | $0.17 |
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AMZNBROS
| Q4 25 | $213.4B | $443.6M | ||
| Q3 25 | $180.2B | $423.6M | ||
| Q2 25 | $167.7B | $415.8M | ||
| Q1 25 | $155.7B | $355.2M | ||
| Q4 24 | $187.8B | $342.8M | ||
| Q3 24 | $158.9B | $338.2M | ||
| Q2 24 | $148.0B | $324.9M | ||
| Q1 24 | $143.3B | $275.1M |
净利润AMZNBROS
| Q4 25 | $21.2B | $21.4M | ||
| Q3 25 | $21.2B | $17.5M | ||
| Q2 25 | $18.2B | $25.6M | ||
| Q1 25 | $17.1B | $15.4M | ||
| Q4 24 | $20.0B | $3.6M | ||
| Q3 24 | $15.3B | $12.6M | ||
| Q2 24 | $13.5B | $11.9M | ||
| Q1 24 | $10.4B | $7.1M |
毛利率AMZNBROS
| Q4 25 | 48.5% | 24.1% | ||
| Q3 25 | 50.8% | 25.2% | ||
| Q2 25 | 51.8% | 28.9% | ||
| Q1 25 | 50.6% | 25.3% | ||
| Q4 24 | 47.3% | 25.7% | ||
| Q3 24 | 49.0% | 26.6% | ||
| Q2 24 | 50.1% | 27.8% | ||
| Q1 24 | 49.3% | 26.1% |
营业利润率AMZNBROS
| Q4 25 | 11.7% | 7.7% | ||
| Q3 25 | 9.7% | 9.8% | ||
| Q2 25 | 11.4% | 13.1% | ||
| Q1 25 | 11.8% | 8.7% | ||
| Q4 24 | 11.3% | 4.6% | ||
| Q3 24 | 11.0% | 9.6% | ||
| Q2 24 | 9.9% | 9.9% | ||
| Q1 24 | 10.7% | 9.3% |
净利率AMZNBROS
| Q4 25 | 9.9% | 4.8% | ||
| Q3 25 | 11.8% | 4.1% | ||
| Q2 25 | 10.8% | 6.2% | ||
| Q1 25 | 11.0% | 4.3% | ||
| Q4 24 | 10.7% | 1.1% | ||
| Q3 24 | 9.6% | 3.7% | ||
| Q2 24 | 9.1% | 3.7% | ||
| Q1 24 | 7.3% | 2.6% |
每股收益（稀释后）AMZNBROS
| Q4 25 | $1.95 | $0.17 | ||
| Q3 25 | $1.95 | $0.14 | ||
| Q2 25 | $1.68 | $0.20 | ||
| Q1 25 | $1.59 | $0.13 | ||
| Q4 24 | $1.86 | $0.03 | ||
| Q3 24 | $1.43 | $0.11 | ||
| Q2 24 | $1.26 | $0.12 | ||
| Q1 24 | $0.98 | $0.08 |
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 | $269.4M |
| 总债务越低越好 | $68.8B | $202.5M |
| 股东权益账面价值 | $411.1B | $680.8M |
| 总资产 | $818.0B | $3.0B |
| 负债/权益比越低杠杆越低 | 0.17× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资AMZNBROS
| Q4 25 | $123.0B | $269.4M | ||
| Q3 25 | $94.2B | $267.2M | ||
| Q2 25 | $93.2B | $254.4M | ||
| Q1 25 | $94.6B | $316.4M | ||
| Q4 24 | $101.2B | $293.4M | ||
| Q3 24 | $88.1B | $281.1M | ||
| Q2 24 | $89.1B | $260.9M | ||
| Q1 24 | $85.1B | $262.7M |
总债务AMZNBROS
| Q4 25 | $68.8B | $202.5M | ||
| Q3 25 | $55.1B | $202.3M | ||
| Q2 25 | $56.1B | $203.3M | ||
| Q1 25 | $58.8B | $284.2M | ||
| Q4 24 | $58.0B | $238.0M | ||
| Q3 24 | $60.5B | $241.2M | ||
| Q2 24 | $62.7B | $244.3M | ||
| Q1 24 | $66.9B | $247.5M |
股东权益AMZNBROS
| Q4 25 | $411.1B | $680.8M | ||
| Q3 25 | $369.6B | $656.6M | ||
| Q2 25 | $333.8B | $636.2M | ||
| Q1 25 | $305.9B | $599.1M | ||
| Q4 24 | $286.0B | $537.4M | ||
| Q3 24 | $259.2B | $523.1M | ||
| Q2 24 | $236.4B | $509.1M | ||
| Q1 24 | $216.7B | $417.1M |
总资产AMZNBROS
| Q4 25 | $818.0B | $3.0B | ||
| Q3 25 | $727.9B | $2.9B | ||
| Q2 25 | $682.2B | $2.8B | ||
| Q1 25 | $643.3B | $2.8B | ||
| Q4 24 | $624.9B | $2.5B | ||
| Q3 24 | $584.6B | $2.4B | ||
| Q2 24 | $554.8B | $2.4B | ||
| Q1 24 | $531.0B | $2.1B |
负债/权益比AMZNBROS
| Q4 25 | 0.17× | 0.30× | ||
| Q3 25 | 0.15× | 0.31× | ||
| Q2 25 | 0.17× | 0.32× | ||
| Q1 25 | 0.19× | 0.47× | ||
| Q4 24 | 0.20× | 0.44× | ||
| Q3 24 | 0.23× | 0.46× | ||
| Q2 24 | 0.27× | 0.48× | ||
| Q1 24 | 0.31× | 0.59× |
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 | $79.6M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $8.5M |
| 自由现金流率自由现金流/营收 | 7.0% | 1.9% |
| 资本支出强度资本支出/营收 | 18.5% | 16.0% |
| 现金转化率经营现金流/净利润 | 2.57× | 3.73× |
| 过去12个月自由现金流最近4个季度 | $7.7B | $54.4M |
8季度趋势，按日历期对齐
经营现金流AMZNBROS
| Q4 25 | $54.5B | $79.6M | ||
| Q3 25 | $35.5B | $89.1M | ||
| Q2 25 | $32.5B | $89.9M | ||
| Q1 25 | $17.0B | $36.9M | ||
| Q4 24 | $45.6B | $62.2M | ||
| Q3 24 | $26.0B | $83.5M | ||
| Q2 24 | $25.3B | $59.5M | ||
| Q1 24 | $19.0B | $41.2M |
自由现金流AMZNBROS
| Q4 25 | $14.9B | $8.5M | ||
| Q3 25 | $430.0M | $18.9M | ||
| Q2 25 | $332.0M | $35.7M | ||
| Q1 25 | $-8.0B | $-8.7M | ||
| Q4 24 | $17.8B | $19.5M | ||
| Q3 24 | $3.4B | $26.4M | ||
| Q2 24 | $7.7B | $-4.9M | ||
| Q1 24 | $4.1B | $-16.3M |
自由现金流率AMZNBROS
| Q4 25 | 7.0% | 1.9% | ||
| Q3 25 | 0.2% | 4.5% | ||
| Q2 25 | 0.2% | 8.6% | ||
| Q1 25 | -5.1% | -2.4% | ||
| Q4 24 | 9.5% | 5.7% | ||
| Q3 24 | 2.1% | 7.8% | ||
| Q2 24 | 5.2% | -1.5% | ||
| Q1 24 | 2.8% | -5.9% |
资本支出强度AMZNBROS
| Q4 25 | 18.5% | 16.0% | ||
| Q3 25 | 19.5% | 16.6% | ||
| Q2 25 | 19.2% | 13.0% | ||
| Q1 25 | 16.1% | 12.8% | ||
| Q4 24 | 14.8% | 12.5% | ||
| Q3 24 | 14.2% | 16.9% | ||
| Q2 24 | 11.9% | 19.8% | ||
| Q1 24 | 10.4% | 20.9% |
现金转化率AMZNBROS
| Q4 25 | 2.57× | 3.73× | ||
| Q3 25 | 1.68× | 5.09× | ||
| Q2 25 | 1.79× | 3.51× | ||
| Q1 25 | 0.99× | 2.40× | ||
| Q4 24 | 2.28× | 17.23× | ||
| Q3 24 | 1.69× | 6.60× | ||
| Q2 24 | 1.87× | 4.99× | ||
| Q1 24 | 1.82× | 5.83× |
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% |
BROS
| Company Operated Shops | $409.6M | 92% |
| Franchise Fees | $32.3M | 7% |
| Other | $1.8M | 0% |
