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亚马逊（AMZN）与Chefs' Warehouse, Inc.（CHEF）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Chefs' Warehouse, Inc.的186.8倍（$213.4B vs $1.1B）。亚马逊净利率更高（9.9% vs 1.9%，领先8.0%）。亚马逊同比增速更快（13.6% vs 10.5%）。亚马逊自由现金流更多（$14.9B vs $65.8M）。过去两年亚马逊的营收复合增速更高（22.0% vs 14.3%）
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。
Chefs' Warehouse, Inc. 是一家北美专业食品分销商，服务对象包括独立餐厅、高端餐饮场所、酒店、餐饮服务商等食品服务运营商，供应超15万种精选产品，涵盖手工食材、特色肉类、海鲜、乳制品、进口高端美食等，适配专业厨师的使用需求。
AMZN vs CHEF — 直观对比
营收规模更大
AMZN
是对方的186.8倍
$1.1B
营收增速更快
AMZN
高出3.1%
10.5%
净利率更高
AMZN
高出8.0%
1.9%
自由现金流更多
AMZN
多$14.9B
$65.8M
两年增速更快
AMZN
近两年复合增速
14.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $1.1B |
| 净利润 | $21.2B | $21.7M |
| 毛利率 | 48.5% | 24.2% |
| 营业利润率 | 11.7% | 3.8% |
| 净利率 | 9.9% | 1.9% |
| 营收同比 | 13.6% | 10.5% |
| 净利润同比 | 5.9% | -9.4% |
| 每股收益（稀释后） | $1.95 | $0.50 |
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AMZNCHEF
| Q4 25 | $213.4B | $1.1B | ||
| Q3 25 | $180.2B | $1.0B | ||
| Q2 25 | $167.7B | $1.0B | ||
| Q1 25 | $155.7B | $950.7M | ||
| Q4 24 | $187.8B | $1.0B | ||
| Q3 24 | $158.9B | $931.5M | ||
| Q2 24 | $148.0B | $954.7M | ||
| Q1 24 | $143.3B | $874.5M |
净利润AMZNCHEF
| Q4 25 | $21.2B | $21.7M | ||
| Q3 25 | $21.2B | $19.1M | ||
| Q2 25 | $18.2B | $21.2M | ||
| Q1 25 | $17.1B | $10.3M | ||
| Q4 24 | $20.0B | $23.9M | ||
| Q3 24 | $15.3B | $14.1M | ||
| Q2 24 | $13.5B | $15.5M | ||
| Q1 24 | $10.4B | $1.9M |
毛利率AMZNCHEF
| Q4 25 | 48.5% | 24.2% | ||
| Q3 25 | 50.8% | 24.2% | ||
| Q2 25 | 51.8% | 24.6% | ||
| Q1 25 | 50.6% | 23.8% | ||
| Q4 24 | 47.3% | 24.3% | ||
| Q3 24 | 49.0% | 24.1% | ||
| Q2 24 | 50.1% | 24.0% | ||
| Q1 24 | 49.3% | 23.9% |
营业利润率AMZNCHEF
| Q4 25 | 11.7% | 3.8% | ||
| Q3 25 | 9.7% | 3.8% | ||
| Q2 25 | 11.4% | 3.9% | ||
| Q1 25 | 11.8% | 2.4% | ||
| Q4 24 | 11.3% | 4.5% | ||
| Q3 24 | 11.0% | 3.4% | ||
| Q2 24 | 9.9% | 3.5% | ||
| Q1 24 | 10.7% | 1.8% |
净利率AMZNCHEF
| Q4 25 | 9.9% | 1.9% | ||
| Q3 25 | 11.8% | 1.9% | ||
| Q2 25 | 10.8% | 2.1% | ||
| Q1 25 | 11.0% | 1.1% | ||
| Q4 24 | 10.7% | 2.3% | ||
| Q3 24 | 9.6% | 1.5% | ||
| Q2 24 | 9.1% | 1.6% | ||
| Q1 24 | 7.3% | 0.2% |
每股收益（稀释后）AMZNCHEF
| Q4 25 | $1.95 | $0.50 | ||
| Q3 25 | $1.95 | $0.44 | ||
| Q2 25 | $1.68 | $0.49 | ||
| Q1 25 | $1.59 | $0.25 | ||
| Q4 24 | $1.86 | $0.56 | ||
| Q3 24 | $1.43 | $0.34 | ||
| Q2 24 | $1.26 | $0.37 | ||
| Q1 24 | $0.98 | $0.05 |
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 | $121.0M |
| 总债务越低越好 | $68.8B | $720.3M |
| 股东权益账面价值 | $411.1B | $604.3M |
| 总资产 | $818.0B | $2.0B |
| 负债/权益比越低杠杆越低 | 0.17× | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资AMZNCHEF
| Q4 25 | $123.0B | $121.0M | ||
| Q3 25 | $94.2B | $65.1M | ||
| Q2 25 | $93.2B | $96.9M | ||
| Q1 25 | $94.6B | $116.5M | ||
| Q4 24 | $101.2B | $114.7M | ||
| Q3 24 | $88.1B | $50.7M | ||
| Q2 24 | $89.1B | $38.3M | ||
| Q1 24 | $85.1B | $42.3M |
总债务AMZNCHEF
| Q4 25 | $68.8B | $720.3M | ||
| Q3 25 | $55.1B | $711.7M | ||
| Q2 25 | $56.1B | $690.2M | ||
| Q1 25 | $58.8B | $681.1M | ||
| Q4 24 | $58.0B | $688.7M | ||
| Q3 24 | $60.5B | $666.6M | ||
| Q2 24 | $62.7B | $660.8M | ||
| Q1 24 | $66.9B | $667.3M |
股东权益AMZNCHEF
| Q4 25 | $411.1B | $604.3M | ||
| Q3 25 | $369.6B | $576.6M | ||
| Q2 25 | $333.8B | $557.7M | ||
| Q1 25 | $305.9B | $541.6M | ||
| Q4 24 | $286.0B | $537.6M | ||
| Q3 24 | $259.2B | $480.3M | ||
| Q2 24 | $236.4B | $461.9M | ||
| Q1 24 | $216.7B | $447.8M |
总资产AMZNCHEF
| Q4 25 | $818.0B | $2.0B | ||
| Q3 25 | $727.9B | $1.9B | ||
| Q2 25 | $682.2B | $1.9B | ||
| Q1 25 | $643.3B | $1.8B | ||
| Q4 24 | $624.9B | $1.9B | ||
| Q3 24 | $584.6B | $1.8B | ||
| Q2 24 | $554.8B | $1.7B | ||
| Q1 24 | $531.0B | $1.7B |
负债/权益比AMZNCHEF
| Q4 25 | 0.17× | 1.19× | ||
| Q3 25 | 0.15× | 1.23× | ||
| Q2 25 | 0.17× | 1.24× | ||
| Q1 25 | 0.19× | 1.26× | ||
| Q4 24 | 0.20× | 1.28× | ||
| Q3 24 | 0.23× | 1.39× | ||
| Q2 24 | 0.27× | 1.43× | ||
| Q1 24 | 0.31× | 1.49× |
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 | $73.9M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $65.8M |
| 自由现金流率自由现金流/营收 | 7.0% | 5.8% |
| 资本支出强度资本支出/营收 | 18.5% | 0.7% |
| 现金转化率经营现金流/净利润 | 2.57× | 3.41× |
| 过去12个月自由现金流最近4个季度 | $7.7B | $87.8M |
8季度趋势，按日历期对齐
经营现金流AMZNCHEF
| Q4 25 | $54.5B | $73.9M | ||
| Q3 25 | $35.5B | $-8.7M | ||
| Q2 25 | $32.5B | $14.5M | ||
| Q1 25 | $17.0B | $49.6M | ||
| Q4 24 | $45.6B | $73.0M | ||
| Q3 24 | $26.0B | $19.8M | ||
| Q2 24 | $25.3B | $29.3M | ||
| Q1 24 | $19.0B | $30.9M |
自由现金流AMZNCHEF
| Q4 25 | $14.9B | $65.8M | ||
| Q3 25 | $430.0M | $-19.7M | ||
| Q2 25 | $332.0M | $4.5M | ||
| Q1 25 | $-8.0B | $37.2M | ||
| Q4 24 | $17.8B | $64.6M | ||
| Q3 24 | $3.4B | $11.8M | ||
| Q2 24 | $7.7B | $13.3M | ||
| Q1 24 | $4.1B | $13.8M |
自由现金流率AMZNCHEF
| Q4 25 | 7.0% | 5.8% | ||
| Q3 25 | 0.2% | -1.9% | ||
| Q2 25 | 0.2% | 0.4% | ||
| Q1 25 | -5.1% | 3.9% | ||
| Q4 24 | 9.5% | 6.3% | ||
| Q3 24 | 2.1% | 1.3% | ||
| Q2 24 | 5.2% | 1.4% | ||
| Q1 24 | 2.8% | 1.6% |
资本支出强度AMZNCHEF
| Q4 25 | 18.5% | 0.7% | ||
| Q3 25 | 19.5% | 1.1% | ||
| Q2 25 | 19.2% | 1.0% | ||
| Q1 25 | 16.1% | 1.3% | ||
| Q4 24 | 14.8% | 0.8% | ||
| Q3 24 | 14.2% | 0.9% | ||
| Q2 24 | 11.9% | 1.7% | ||
| Q1 24 | 10.4% | 2.0% |
现金转化率AMZNCHEF
| Q4 25 | 2.57× | 3.41× | ||
| Q3 25 | 1.68× | -0.46× | ||
| Q2 25 | 1.79× | 0.68× | ||
| Q1 25 | 0.99× | 4.82× | ||
| Q4 24 | 2.28× | 3.05× | ||
| Q3 24 | 1.69× | 1.41× | ||
| Q2 24 | 1.87× | 1.89× | ||
| Q1 24 | 1.82× | 16.00× |
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% |
CHEF
| Center Of The Plate Product | $459.1M | 40% |
| Dry Goods Product | $175.7M | 15% |
| Pastry Product | $160.5M | 14% |
| Produce | $147.9M | 13% |
| Cheese And Charcuterie Product | $75.3M | 7% |
| Dairy And Eggs Product | $69.2M | 6% |
| Oils And Vinegar Product | $32.4M | 3% |
| Kitchen Supplies Product | $22.4M | 2% |
