vs
亚马逊（AMZN）与CALERES INC（CAL）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CALERES INC的270.1倍（$213.4B vs $790.1M）。亚马逊净利率更高（9.9% vs 0.3%，领先9.6%）。亚马逊同比增速更快（13.6% vs 6.6%）。亚马逊自由现金流更多（$14.9B vs $-12.4M）。过去两年亚马逊的营收复合增速更高（22.0% vs 6.5%）
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。
Caleres Inc是一家美国鞋履企业，旗下拥有并运营多个鞋履品牌，总部坐落于圣路易斯郊区密苏里州克莱顿。该企业前身是1878年在圣路易斯成立的Bryan, Brown & Company，此后历经多次更名，其前身汉密尔顿-布朗鞋业在20世纪初曾是美国最大的鞋履制造商。
AMZN vs CAL — 直观对比
营收规模更大
AMZN
是对方的270.1倍
$790.1M
营收增速更快
AMZN
高出7.0%
6.6%
净利率更高
AMZN
高出9.6%
0.3%
自由现金流更多
AMZN
多$14.9B
$-12.4M
两年增速更快
AMZN
近两年复合增速
6.5%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $790.1M |
| 净利润 | $21.2B | $2.4M |
| 毛利率 | 48.5% | 41.8% |
| 营业利润率 | 11.7% | 1.5% |
| 净利率 | 9.9% | 0.3% |
| 营收同比 | 13.6% | 6.6% |
| 净利润同比 | 5.9% | -94.2% |
| 每股收益（稀释后） | $1.95 | $0.07 |
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AMZNCAL
| Q4 25 | $213.4B | $790.1M | ||
| Q3 25 | $180.2B | $658.5M | ||
| Q2 25 | $167.7B | $614.2M | ||
| Q1 25 | $155.7B | $639.2M | ||
| Q4 24 | $187.8B | $740.9M | ||
| Q3 24 | $158.9B | $683.3M | ||
| Q2 24 | $148.0B | $659.2M | ||
| Q1 24 | $143.3B | $697.1M |
净利润AMZNCAL
| Q4 25 | $21.2B | $2.4M | ||
| Q3 25 | $21.2B | $6.7M | ||
| Q2 25 | $18.2B | $6.9M | ||
| Q1 25 | $17.1B | $4.9M | ||
| Q4 24 | $20.0B | $41.4M | ||
| Q3 24 | $15.3B | $30.0M | ||
| Q2 24 | $13.5B | $30.9M | ||
| Q1 24 | $10.4B | $55.7M |
毛利率AMZNCAL
| Q4 25 | 48.5% | 41.8% | ||
| Q3 25 | 50.8% | 43.4% | ||
| Q2 25 | 51.8% | 45.4% | ||
| Q1 25 | 50.6% | 43.0% | ||
| Q4 24 | 47.3% | 44.1% | ||
| Q3 24 | 49.0% | 45.5% | ||
| Q2 24 | 50.1% | 46.9% | ||
| Q1 24 | 49.3% | 43.9% |
营业利润率AMZNCAL
| Q4 25 | 11.7% | 1.5% | ||
| Q3 25 | 9.7% | 1.4% | ||
| Q2 25 | 11.4% | 1.9% | ||
| Q1 25 | 11.8% | 1.2% | ||
| Q4 24 | 11.3% | 7.7% | ||
| Q3 24 | 11.0% | 6.2% | ||
| Q2 24 | 9.9% | 6.5% | ||
| Q1 24 | 10.7% | 4.4% |
净利率AMZNCAL
| Q4 25 | 9.9% | 0.3% | ||
| Q3 25 | 11.8% | 1.0% | ||
| Q2 25 | 10.8% | 1.1% | ||
| Q1 25 | 11.0% | 0.8% | ||
| Q4 24 | 10.7% | 5.6% | ||
| Q3 24 | 9.6% | 4.4% | ||
| Q2 24 | 9.1% | 4.7% | ||
| Q1 24 | 7.3% | 8.0% |
每股收益（稀释后）AMZNCAL
| Q4 25 | $1.95 | $0.07 | ||
| Q3 25 | $1.95 | $0.20 | ||
| Q2 25 | $1.68 | $0.21 | ||
| Q1 25 | $1.59 | $0.17 | ||
| Q4 24 | $1.86 | $1.19 | ||
| Q3 24 | $1.43 | $0.85 | ||
| Q2 24 | $1.26 | $0.88 | ||
| Q1 24 | $0.98 | $1.56 |
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 | $34.0M |
| 总债务越低越好 | $68.8B | — |
| 股东权益账面价值 | $411.1B | $616.8M |
| 总资产 | $818.0B | $2.1B |
| 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AMZNCAL
| Q4 25 | $123.0B | $34.0M | ||
| Q3 25 | $94.2B | $191.5M | ||
| Q2 25 | $93.2B | $33.1M | ||
| Q1 25 | $94.6B | $29.6M | ||
| Q4 24 | $101.2B | $33.7M | ||
| Q3 24 | $88.1B | $51.8M | ||
| Q2 24 | $89.1B | $30.7M | ||
| Q1 24 | $85.1B | $21.4M |
总债务AMZNCAL
| 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AMZNCAL
| Q4 25 | $411.1B | $616.8M | ||
| Q3 25 | $369.6B | $613.3M | ||
| Q2 25 | $333.8B | $605.2M | ||
| Q1 25 | $305.9B | $599.0M | ||
| Q4 24 | $286.0B | $598.3M | ||
| Q3 24 | $259.2B | $606.1M | ||
| Q2 24 | $236.4B | $570.3M | ||
| Q1 24 | $216.7B | $560.6M |
总资产AMZNCAL
| Q4 25 | $818.0B | $2.1B | ||
| Q3 25 | $727.9B | $2.2B | ||
| Q2 25 | $682.2B | $1.9B | ||
| Q1 25 | $643.3B | $1.9B | ||
| Q4 24 | $624.9B | $2.0B | ||
| Q3 24 | $584.6B | $2.0B | ||
| Q2 24 | $554.8B | $1.9B | ||
| Q1 24 | $531.0B | $1.8B |
负债/权益比AMZNCAL
| 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 | $-1.2M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $-12.4M |
| 自由现金流率自由现金流/营收 | 7.0% | -1.6% |
| 资本支出强度资本支出/营收 | 18.5% | 1.4% |
| 现金转化率经营现金流/净利润 | 2.57× | -0.50× |
| 过去12个月自由现金流最近4个季度 | $7.7B | $14.4M |
8季度趋势，按日历期对齐
经营现金流AMZNCAL
| Q4 25 | $54.5B | $-1.2M | ||
| Q3 25 | $35.5B | $47.3M | ||
| Q2 25 | $32.5B | $-5.7M | ||
| Q1 25 | $17.0B | $28.7M | ||
| Q4 24 | $45.6B | $-39.8M | ||
| Q3 24 | $26.0B | $79.6M | ||
| Q2 24 | $25.3B | $36.1M | ||
| Q1 24 | $19.0B | $43.0M |
自由现金流AMZNCAL
| Q4 25 | $14.9B | $-12.4M | ||
| Q3 25 | $430.0M | $35.0M | ||
| Q2 25 | $332.0M | $-26.2M | ||
| Q1 25 | $-8.0B | $18.0M | ||
| Q4 24 | $17.8B | $-57.4M | ||
| Q3 24 | $3.4B | $68.5M | ||
| Q2 24 | $7.7B | $26.3M | ||
| Q1 24 | $4.1B | $32.4M |
自由现金流率AMZNCAL
| Q4 25 | 7.0% | -1.6% | ||
| Q3 25 | 0.2% | 5.3% | ||
| Q2 25 | 0.2% | -4.3% | ||
| Q1 25 | -5.1% | 2.8% | ||
| Q4 24 | 9.5% | -7.7% | ||
| Q3 24 | 2.1% | 10.0% | ||
| Q2 24 | 5.2% | 4.0% | ||
| Q1 24 | 2.8% | 4.6% |
资本支出强度AMZNCAL
| Q4 25 | 18.5% | 1.4% | ||
| Q3 25 | 19.5% | 1.9% | ||
| Q2 25 | 19.2% | 3.3% | ||
| Q1 25 | 16.1% | 1.7% | ||
| Q4 24 | 14.8% | 2.4% | ||
| Q3 24 | 14.2% | 1.6% | ||
| Q2 24 | 11.9% | 1.5% | ||
| Q1 24 | 10.4% | 1.5% |
现金转化率AMZNCAL
| Q4 25 | 2.57× | -0.50× | ||
| Q3 25 | 1.68× | 7.05× | ||
| Q2 25 | 1.79× | -0.81× | ||
| Q1 25 | 0.99× | 5.82× | ||
| Q4 24 | 2.28× | -0.96× | ||
| Q3 24 | 1.69× | 2.66× | ||
| Q2 24 | 1.87× | 1.17× | ||
| Q1 24 | 1.82× | 0.77× |
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% |
CAL
| Brand Portfolio | $383.7M | 49% |
| Landed Wholesale | $148.1M | 19% |
| Wholesale E Commerce | $75.0M | 9% |
| Ecommerce | $68.8M | 9% |
| Stuart Weitzman Brand | $45.8M | 6% |
| Landed Wholesale Ecommerce Drop Ship | $30.6M | 4% |
| First Cost Wholesale | $14.9M | 2% |
| Clt Brand Solutions | $10.2M | 1% |
| License And Royalty | $2.1M | 0% |
