vs
亚马逊（AMZN）与CHOICE HOTELS INTERNATIONAL INC（CHH）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CHOICE HOTELS INTERNATIONAL INC的546.9倍（$213.4B vs $390.1M）。CHOICE HOTELS INTERNATIONAL INC净利率更高（16.3% vs 9.9%，领先6.4%）。亚马逊同比增速更快（13.6% vs 0.1%）。亚马逊自由现金流更多（$14.9B vs $64.1M）。过去两年亚马逊的营收复合增速更高（22.0% vs 8.4%）
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。
凯悦酒店国际集团（Choice Hotels International）是总部位于美国马里兰州北贝塞斯达的跨国酒店集团，为全球规模最大的酒店连锁企业之一，旗下拥有从高端到经济型的多元酒店品牌。截至2024年末，集团在全球46个国家和地区特许经营近7600家酒店，客房总数超65万间。
AMZN vs CHH — 直观对比
营收规模更大
AMZN
是对方的546.9倍
$390.1M
营收增速更快
AMZN
高出13.5%
0.1%
净利率更高
CHH
高出6.4%
9.9%
自由现金流更多
AMZN
多$14.9B
$64.1M
两年增速更快
AMZN
近两年复合增速
8.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $390.1M |
| 净利润 | $21.2B | $63.7M |
| 毛利率 | 48.5% | — |
| 营业利润率 | 11.7% | 26.0% |
| 净利率 | 9.9% | 16.3% |
| 营收同比 | 13.6% | 0.1% |
| 净利润同比 | 5.9% | -16.0% |
| 每股收益（稀释后） | $1.95 | $1.35 |
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AMZNCHH
| Q4 25 | $213.4B | $390.1M | ||
| Q3 25 | $180.2B | $447.3M | ||
| Q2 25 | $167.7B | $426.4M | ||
| Q1 25 | $155.7B | $332.9M | ||
| Q4 24 | $187.8B | $389.8M | ||
| Q3 24 | $158.9B | $428.0M | ||
| Q2 24 | $148.0B | $435.2M | ||
| Q1 24 | $143.3B | $331.9M |
净利润AMZNCHH
| Q4 25 | $21.2B | $63.7M | ||
| Q3 25 | $21.2B | $180.0M | ||
| Q2 25 | $18.2B | $81.7M | ||
| Q1 25 | $17.1B | $44.5M | ||
| Q4 24 | $20.0B | $75.8M | ||
| Q3 24 | $15.3B | $105.7M | ||
| Q2 24 | $13.5B | $87.1M | ||
| Q1 24 | $10.4B | $31.0M |
毛利率AMZNCHH
| Q4 25 | 48.5% | — | ||
| Q3 25 | 50.8% | — | ||
| Q2 25 | 51.8% | — | ||
| Q1 25 | 50.6% | — | ||
| Q4 24 | 47.3% | — | ||
| Q3 24 | 49.0% | — | ||
| Q2 24 | 50.1% | — | ||
| Q1 24 | 49.3% | — |
营业利润率AMZNCHH
| Q4 25 | 11.7% | 26.0% | ||
| Q3 25 | 9.7% | 31.8% | ||
| Q2 25 | 11.4% | 29.2% | ||
| Q1 25 | 11.8% | 24.0% | ||
| Q4 24 | 11.3% | 30.6% | ||
| Q3 24 | 11.0% | 35.5% | ||
| Q2 24 | 9.9% | 30.5% | ||
| Q1 24 | 10.7% | 18.1% |
净利率AMZNCHH
| Q4 25 | 9.9% | 16.3% | ||
| Q3 25 | 11.8% | 40.2% | ||
| Q2 25 | 10.8% | 19.2% | ||
| Q1 25 | 11.0% | 13.4% | ||
| Q4 24 | 10.7% | 19.4% | ||
| Q3 24 | 9.6% | 24.7% | ||
| Q2 24 | 9.1% | 20.0% | ||
| Q1 24 | 7.3% | 9.3% |
每股收益（稀释后）AMZNCHH
| Q4 25 | $1.95 | $1.35 | ||
| Q3 25 | $1.95 | $3.86 | ||
| Q2 25 | $1.68 | $1.75 | ||
| Q1 25 | $1.59 | $0.94 | ||
| Q4 24 | $1.86 | $1.56 | ||
| Q3 24 | $1.43 | $2.22 | ||
| Q2 24 | $1.26 | $1.80 | ||
| Q1 24 | $0.98 | $0.62 |
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 | $45.0M |
| 总债务越低越好 | $68.8B | $1.9B |
| 股东权益账面价值 | $411.1B | $181.2M |
| 总资产 | $818.0B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.17× | 10.52× |
8季度趋势，按日历期对齐
现金及短期投资AMZNCHH
| Q4 25 | $123.0B | $45.0M | ||
| Q3 25 | $94.2B | $52.6M | ||
| Q2 25 | $93.2B | $58.6M | ||
| Q1 25 | $94.6B | $40.1M | ||
| Q4 24 | $101.2B | $40.2M | ||
| Q3 24 | $88.1B | $58.6M | ||
| Q2 24 | $89.1B | $60.4M | ||
| Q1 24 | $85.1B | $42.1M |
总债务AMZNCHH
| Q4 25 | $68.8B | $1.9B | ||
| Q3 25 | $55.1B | $1.9B | ||
| Q2 25 | $56.1B | $1.9B | ||
| Q1 25 | $58.8B | $1.9B | ||
| Q4 24 | $58.0B | $1.8B | ||
| Q3 24 | $60.5B | $1.8B | ||
| Q2 24 | $62.7B | $1.9B | ||
| Q1 24 | $66.9B | $1.7B |
股东权益AMZNCHH
| Q4 25 | $411.1B | $181.2M | ||
| Q3 25 | $369.6B | $149.8M | ||
| Q2 25 | $333.8B | $-26.2M | ||
| Q1 25 | $305.9B | $-63.9M | ||
| Q4 24 | $286.0B | $-45.3M | ||
| Q3 24 | $259.2B | $-96.2M | ||
| Q2 24 | $236.4B | $-146.8M | ||
| Q1 24 | $216.7B | $6.7M |
总资产AMZNCHH
| Q4 25 | $818.0B | $2.9B | ||
| Q3 25 | $727.9B | $2.9B | ||
| Q2 25 | $682.2B | $2.7B | ||
| Q1 25 | $643.3B | $2.6B | ||
| Q4 24 | $624.9B | $2.5B | ||
| Q3 24 | $584.6B | $2.5B | ||
| Q2 24 | $554.8B | $2.5B | ||
| Q1 24 | $531.0B | $2.5B |
负债/权益比AMZNCHH
| Q4 25 | 0.17× | 10.52× | ||
| Q3 25 | 0.15× | 12.81× | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.19× | — | ||
| Q4 24 | 0.20× | — | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 0.27× | — | ||
| Q1 24 | 0.31× | 252.00× |
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 | $85.7M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $64.1M |
| 自由现金流率自由现金流/营收 | 7.0% | 16.4% |
| 资本支出强度资本支出/营收 | 18.5% | 5.5% |
| 现金转化率经营现金流/净利润 | 2.57× | 1.35× |
| 过去12个月自由现金流最近4个季度 | $7.7B | $163.6M |
8季度趋势，按日历期对齐
经营现金流AMZNCHH
| Q4 25 | $54.5B | $85.7M | ||
| Q3 25 | $35.5B | $68.7M | ||
| Q2 25 | $32.5B | $95.6M | ||
| Q1 25 | $17.0B | $20.5M | ||
| Q4 24 | $45.6B | $82.9M | ||
| Q3 24 | $26.0B | $122.9M | ||
| Q2 24 | $25.3B | $111.9M | ||
| Q1 24 | $19.0B | $1.7M |
自由现金流AMZNCHH
| Q4 25 | $14.9B | $64.1M | ||
| Q3 25 | $430.0M | $49.1M | ||
| Q2 25 | $332.0M | $65.4M | ||
| Q1 25 | $-8.0B | $-15.0M | ||
| Q4 24 | $17.8B | $57.4M | ||
| Q3 24 | $3.4B | $92.6M | ||
| Q2 24 | $7.7B | $86.6M | ||
| Q1 24 | $4.1B | $-23.8M |
自由现金流率AMZNCHH
| Q4 25 | 7.0% | 16.4% | ||
| Q3 25 | 0.2% | 11.0% | ||
| Q2 25 | 0.2% | 15.3% | ||
| Q1 25 | -5.1% | -4.5% | ||
| Q4 24 | 9.5% | 14.7% | ||
| Q3 24 | 2.1% | 21.6% | ||
| Q2 24 | 5.2% | 19.9% | ||
| Q1 24 | 2.8% | -7.2% |
资本支出强度AMZNCHH
| Q4 25 | 18.5% | 5.5% | ||
| Q3 25 | 19.5% | 4.4% | ||
| Q2 25 | 19.2% | 7.1% | ||
| Q1 25 | 16.1% | 10.7% | ||
| Q4 24 | 14.8% | 6.5% | ||
| Q3 24 | 14.2% | 7.1% | ||
| Q2 24 | 11.9% | 5.8% | ||
| Q1 24 | 10.4% | 7.7% |
现金转化率AMZNCHH
| Q4 25 | 2.57× | 1.35× | ||
| Q3 25 | 1.68× | 0.38× | ||
| Q2 25 | 1.79× | 1.17× | ||
| Q1 25 | 0.99× | 0.46× | ||
| Q4 24 | 2.28× | 1.09× | ||
| Q3 24 | 1.69× | 1.16× | ||
| Q2 24 | 1.87× | 1.28× | ||
| Q1 24 | 1.82× | 0.06× |
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% |
CHH
| Franchise And Management Fees | $157.3M | 40% |
| Revenue For Reimbursable Costs From Franchised And Managed Properties | $156.0M | 40% |
| Partnership Services And Fees | $32.5M | 8% |
| Owned Hotels | $30.1M | 8% |
| Other Revenue Topic606And Not Topic606 | $14.3M | 4% |
