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亚马逊（AMZN）与GrowGeneration Corp.（GRWG）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GrowGeneration Corp.的5642.0倍（$213.4B vs $37.8M）。亚马逊净利率更高（9.9% vs -19.6%，领先29.6%）。亚马逊同比增速更快（13.6% vs 1.0%）。过去两年亚马逊的营收复合增速更高（22.0% vs -11.1%）
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。
GrowGeneration Corp是美国领先的水培及有机园艺用品专业零售商，主营种植灯、营养液、环境控制系统、栽培工具等全系列产品，通过覆盖全国的实体门店和电商渠道，为商业室内种植从业者（包括合法大麻种植商）及家庭园艺爱好者提供服务。
AMZN vs GRWG — 直观对比
营收规模更大
AMZN
是对方的5642.0倍
$37.8M
营收增速更快
AMZN
高出12.6%
1.0%
净利率更高
AMZN
高出29.6%
-19.6%
两年增速更快
AMZN
近两年复合增速
-11.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $37.8M |
| 净利润 | $21.2B | $-7.4M |
| 毛利率 | 48.5% | 24.1% |
| 营业利润率 | 11.7% | -20.1% |
| 净利率 | 9.9% | -19.6% |
| 营收同比 | 13.6% | 1.0% |
| 净利润同比 | 5.9% | 68.2% |
| 每股收益（稀释后） | $1.95 | $-0.12 |
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AMZNGRWG
| Q4 25 | $213.4B | $37.8M | ||
| Q3 25 | $180.2B | $47.3M | ||
| Q2 25 | $167.7B | $41.0M | ||
| Q1 25 | $155.7B | $35.7M | ||
| Q4 24 | $187.8B | $37.4M | ||
| Q3 24 | $158.9B | $50.0M | ||
| Q2 24 | $148.0B | $53.5M | ||
| Q1 24 | $143.3B | $47.9M |
净利润AMZNGRWG
| Q4 25 | $21.2B | $-7.4M | ||
| Q3 25 | $21.2B | $-2.4M | ||
| Q2 25 | $18.2B | $-4.8M | ||
| Q1 25 | $17.1B | $-9.4M | ||
| Q4 24 | $20.0B | $-23.3M | ||
| Q3 24 | $15.3B | $-11.4M | ||
| Q2 24 | $13.5B | $-5.9M | ||
| Q1 24 | $10.4B | $-8.8M |
毛利率AMZNGRWG
| Q4 25 | 48.5% | 24.1% | ||
| Q3 25 | 50.8% | 27.2% | ||
| Q2 25 | 51.8% | 28.3% | ||
| Q1 25 | 50.6% | 27.2% | ||
| Q4 24 | 47.3% | 16.4% | ||
| Q3 24 | 49.0% | 21.6% | ||
| Q2 24 | 50.1% | 26.9% | ||
| Q1 24 | 49.3% | 25.8% |
营业利润率AMZNGRWG
| Q4 25 | 11.7% | -20.1% | ||
| Q3 25 | 9.7% | -6.0% | ||
| Q2 25 | 11.4% | -12.9% | ||
| Q1 25 | 11.8% | -27.7% | ||
| Q4 24 | 11.3% | -63.9% | ||
| Q3 24 | 11.0% | -24.2% | ||
| Q2 24 | 9.9% | -12.2% | ||
| Q1 24 | 10.7% | -19.7% |
净利率AMZNGRWG
| Q4 25 | 9.9% | -19.6% | ||
| Q3 25 | 11.8% | -5.2% | ||
| Q2 25 | 10.8% | -11.7% | ||
| Q1 25 | 11.0% | -26.3% | ||
| Q4 24 | 10.7% | -62.4% | ||
| Q3 24 | 9.6% | -22.9% | ||
| Q2 24 | 9.1% | -11.0% | ||
| Q1 24 | 7.3% | -18.5% |
每股收益（稀释后）AMZNGRWG
| Q4 25 | $1.95 | $-0.12 | ||
| Q3 25 | $1.95 | $-0.04 | ||
| Q2 25 | $1.68 | $-0.08 | ||
| Q1 25 | $1.59 | $-0.16 | ||
| Q4 24 | $1.86 | $-0.39 | ||
| Q3 24 | $1.43 | $-0.19 | ||
| Q2 24 | $1.26 | $-0.10 | ||
| Q1 24 | $0.98 | $-0.14 |
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 | $46.1M |
| 总债务越低越好 | $68.8B | — |
| 股东权益账面价值 | $411.1B | $97.5M |
| 总资产 | $818.0B | $147.0M |
| 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AMZNGRWG
| Q4 25 | $123.0B | $46.1M | ||
| Q3 25 | $94.2B | $48.3M | ||
| Q2 25 | $93.2B | $48.7M | ||
| Q1 25 | $94.6B | $52.6M | ||
| Q4 24 | $101.2B | $56.5M | ||
| Q3 24 | $88.1B | $55.2M | ||
| Q2 24 | $89.1B | $56.0M | ||
| Q1 24 | $85.1B | $61.3M |
总债务AMZNGRWG
| 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AMZNGRWG
| Q4 25 | $411.1B | $97.5M | ||
| Q3 25 | $369.6B | $104.7M | ||
| Q2 25 | $333.8B | $106.7M | ||
| Q1 25 | $305.9B | $111.2M | ||
| Q4 24 | $286.0B | $120.1M | ||
| Q3 24 | $259.2B | $143.2M | ||
| Q2 24 | $236.4B | $155.8M | ||
| Q1 24 | $216.7B | $165.3M |
总资产AMZNGRWG
| Q4 25 | $818.0B | $147.0M | ||
| Q3 25 | $727.9B | $159.6M | ||
| Q2 25 | $682.2B | $160.6M | ||
| Q1 25 | $643.3B | $164.2M | ||
| Q4 24 | $624.9B | $174.4M | ||
| Q3 24 | $584.6B | $199.6M | ||
| Q2 24 | $554.8B | $219.2M | ||
| Q1 24 | $531.0B | $230.4M |
负债/权益比AMZNGRWG
| 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 | $-2.2M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | — |
| 自由现金流率自由现金流/营收 | 7.0% | — |
| 资本支出强度资本支出/营收 | 18.5% | — |
| 现金转化率经营现金流/净利润 | 2.57× | — |
| 过去12个月自由现金流最近4个季度 | $7.7B | — |
8季度趋势，按日历期对齐
经营现金流AMZNGRWG
| Q4 25 | $54.5B | $-2.2M | ||
| Q3 25 | $35.5B | $-499.0K | ||
| Q2 25 | $32.5B | $-2.9M | ||
| Q1 25 | $17.0B | $-3.8M | ||
| Q4 24 | $45.6B | $1.1M | ||
| Q3 24 | $26.0B | $1.2M | ||
| Q2 24 | $25.3B | $-398.0K | ||
| Q1 24 | $19.0B | $-3.6M |
自由现金流AMZNGRWG
| Q4 25 | $14.9B | — | ||
| Q3 25 | $430.0M | — | ||
| Q2 25 | $332.0M | — | ||
| Q1 25 | $-8.0B | — | ||
| Q4 24 | $17.8B | — | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $7.7B | — | ||
| Q1 24 | $4.1B | — |
自由现金流率AMZNGRWG
| Q4 25 | 7.0% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | -5.1% | — | ||
| Q4 24 | 9.5% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | 2.8% | — |
资本支出强度AMZNGRWG
| Q4 25 | 18.5% | — | ||
| Q3 25 | 19.5% | — | ||
| Q2 25 | 19.2% | — | ||
| Q1 25 | 16.1% | — | ||
| Q4 24 | 14.8% | — | ||
| Q3 24 | 14.2% | — | ||
| Q2 24 | 11.9% | — | ||
| Q1 24 | 10.4% | — |
现金转化率AMZNGRWG
| Q4 25 | 2.57× | — | ||
| Q3 25 | 1.68× | — | ||
| Q2 25 | 1.79× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | 2.28× | — | ||
| Q3 24 | 1.69× | — | ||
| Q2 24 | 1.87× | — | ||
| Q1 24 | 1.82× | — |
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% |
GRWG
| Consumables | $22.3M | 59% |
| Durables | $9.8M | 26% |
| Commercial Fixture Sales | $5.7M | 15% |
