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亚马逊（AMZN）与汉美驰（HBB）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汉美驰的1002.1倍（$213.4B vs $212.9M）。亚马逊净利率更高（9.9% vs 8.7%，领先1.2%）。亚马逊同比增速更快（13.6% vs -0.3%）。亚马逊自由现金流更多（$14.9B vs $27.9M）。过去两年汉美驰的营收复合增速更高（28.8% 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。
汉美驰品牌控股公司是美国家电与商用餐厨设备设计营销企业，核心业务覆盖美加墨地区，主要推出搅拌机、料理机、烤面包机、慢炖锅、电熨斗、空气净化器等家用及商用设备，在北美家电市场拥有较高知名度。
AMZN vs HBB — 直观对比
营收规模更大
AMZN
是对方的1002.1倍
$212.9M
营收增速更快
AMZN
高出13.9%
-0.3%
净利率更高
AMZN
高出1.2%
8.7%
自由现金流更多
AMZN
多$14.9B
$27.9M
两年增速更快
HBB
近两年复合增速
22.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $212.9M |
| 净利润 | $21.2B | $18.5M |
| 毛利率 | 48.5% | 28.3% |
| 营业利润率 | 11.7% | 11.9% |
| 净利率 | 9.9% | 8.7% |
| 营收同比 | 13.6% | -0.3% |
| 净利润同比 | 5.9% | -22.7% |
| 每股收益（稀释后） | $1.95 | $1.37 |
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AMZNHBB
| Q4 25 | $213.4B | $212.9M | ||
| Q3 25 | $180.2B | $132.8M | ||
| Q2 25 | $167.7B | $127.8M | ||
| Q1 25 | $155.7B | $133.4M | ||
| Q4 24 | $187.8B | $213.5M | ||
| Q3 24 | $158.9B | $156.7M | ||
| Q2 24 | $148.0B | $156.2M | ||
| Q1 24 | $143.3B | $128.3M |
净利润AMZNHBB
| Q4 25 | $21.2B | $18.5M | ||
| Q3 25 | $21.2B | $1.7M | ||
| Q2 25 | $18.2B | $4.5M | ||
| Q1 25 | $17.1B | $1.8M | ||
| Q4 24 | $20.0B | $24.0M | ||
| Q3 24 | $15.3B | $1.9M | ||
| Q2 24 | $13.5B | $6.0M | ||
| Q1 24 | $10.4B | $-1.2M |
毛利率AMZNHBB
| Q4 25 | 48.5% | 28.3% | ||
| Q3 25 | 50.8% | 21.1% | ||
| Q2 25 | 51.8% | 27.5% | ||
| Q1 25 | 50.6% | 24.6% | ||
| Q4 24 | 47.3% | 26.1% | ||
| Q3 24 | 49.0% | 28.0% | ||
| Q2 24 | 50.1% | 25.9% | ||
| Q1 24 | 49.3% | 23.4% |
营业利润率AMZNHBB
| Q4 25 | 11.7% | 11.9% | ||
| Q3 25 | 9.7% | 2.2% | ||
| Q2 25 | 11.4% | 4.7% | ||
| Q1 25 | 11.8% | 1.7% | ||
| Q4 24 | 11.3% | 11.0% | ||
| Q3 24 | 11.0% | 6.8% | ||
| Q2 24 | 9.9% | 6.4% | ||
| Q1 24 | 10.7% | -0.7% |
净利率AMZNHBB
| Q4 25 | 9.9% | 8.7% | ||
| Q3 25 | 11.8% | 1.2% | ||
| Q2 25 | 10.8% | 3.5% | ||
| Q1 25 | 11.0% | 1.4% | ||
| Q4 24 | 10.7% | 11.2% | ||
| Q3 24 | 9.6% | 1.2% | ||
| Q2 24 | 9.1% | 3.8% | ||
| Q1 24 | 7.3% | -0.9% |
每股收益（稀释后）AMZNHBB
| Q4 25 | $1.95 | $1.37 | ||
| Q3 25 | $1.95 | $0.12 | ||
| Q2 25 | $1.68 | $0.33 | ||
| Q1 25 | $1.59 | $0.13 | ||
| Q4 24 | $1.86 | $1.72 | ||
| Q3 24 | $1.43 | $0.14 | ||
| Q2 24 | $1.26 | $0.42 | ||
| 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 | $47.3M |
| 总债务越低越好 | $68.8B | $50.0M |
| 股东权益账面价值 | $411.1B | $182.8M |
| 总资产 | $818.0B | $397.6M |
| 负债/权益比越低杠杆越低 | 0.17× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资AMZNHBB
| Q4 25 | $123.0B | $47.3M | ||
| Q3 25 | $94.2B | $17.2M | ||
| Q2 25 | $93.2B | $11.3M | ||
| Q1 25 | $94.6B | $48.3M | ||
| Q4 24 | $101.2B | $45.6M | ||
| Q3 24 | $88.1B | $22.6M | ||
| Q2 24 | $89.1B | $37.2M | ||
| Q1 24 | $85.1B | $26.3M |
总债务AMZNHBB
| Q4 25 | $68.8B | $50.0M | ||
| Q3 25 | $55.1B | — | ||
| Q2 25 | $56.1B | — | ||
| Q1 25 | $58.8B | — | ||
| Q4 24 | $58.0B | $50.0M | ||
| Q3 24 | $60.5B | — | ||
| Q2 24 | $62.7B | — | ||
| Q1 24 | $66.9B | — |
股东权益AMZNHBB
| Q4 25 | $411.1B | $182.8M | ||
| Q3 25 | $369.6B | $164.0M | ||
| Q2 25 | $333.8B | $164.0M | ||
| Q1 25 | $305.9B | $163.2M | ||
| Q4 24 | $286.0B | $165.9M | ||
| Q3 24 | $259.2B | $150.0M | ||
| Q2 24 | $236.4B | $145.7M | ||
| Q1 24 | $216.7B | $145.4M |
总资产AMZNHBB
| Q4 25 | $818.0B | $397.6M | ||
| Q3 25 | $727.9B | $392.4M | ||
| Q2 25 | $682.2B | $363.8M | ||
| Q1 25 | $643.3B | $418.0M | ||
| Q4 24 | $624.9B | $415.1M | ||
| Q3 24 | $584.6B | $408.7M | ||
| Q2 24 | $554.8B | $369.9M | ||
| Q1 24 | $531.0B | $368.9M |
负债/权益比AMZNHBB
| Q4 25 | 0.17× | 0.27× | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.19× | — | ||
| Q4 24 | 0.20× | 0.30× | ||
| 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 | $28.5M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $27.9M |
| 自由现金流率自由现金流/营收 | 7.0% | 13.1% |
| 资本支出强度资本支出/营收 | 18.5% | 0.3% |
| 现金转化率经营现金流/净利润 | 2.57× | 1.53× |
| 过去12个月自由现金流最近4个季度 | $7.7B | $11.0M |
8季度趋势，按日历期对齐
经营现金流AMZNHBB
| Q4 25 | $54.5B | $28.5M | ||
| Q3 25 | $35.5B | $9.1M | ||
| Q2 25 | $32.5B | $-30.4M | ||
| Q1 25 | $17.0B | $6.6M | ||
| Q4 24 | $45.6B | $30.2M | ||
| Q3 24 | $26.0B | $-1.9M | ||
| Q2 24 | $25.3B | $17.4M | ||
| Q1 24 | $19.0B | $19.7M |
自由现金流AMZNHBB
| Q4 25 | $14.9B | $27.9M | ||
| Q3 25 | $430.0M | $8.4M | ||
| Q2 25 | $332.0M | $-31.3M | ||
| Q1 25 | $-8.0B | $6.1M | ||
| Q4 24 | $17.8B | $29.4M | ||
| Q3 24 | $3.4B | $-2.7M | ||
| Q2 24 | $7.7B | $16.8M | ||
| Q1 24 | $4.1B | $18.8M |
自由现金流率AMZNHBB
| Q4 25 | 7.0% | 13.1% | ||
| Q3 25 | 0.2% | 6.3% | ||
| Q2 25 | 0.2% | -24.5% | ||
| Q1 25 | -5.1% | 4.6% | ||
| Q4 24 | 9.5% | 13.8% | ||
| Q3 24 | 2.1% | -1.7% | ||
| Q2 24 | 5.2% | 10.7% | ||
| Q1 24 | 2.8% | 14.6% |
资本支出强度AMZNHBB
| Q4 25 | 18.5% | 0.3% | ||
| Q3 25 | 19.5% | 0.6% | ||
| Q2 25 | 19.2% | 0.7% | ||
| Q1 25 | 16.1% | 0.4% | ||
| Q4 24 | 14.8% | 0.4% | ||
| Q3 24 | 14.2% | 0.5% | ||
| Q2 24 | 11.9% | 0.4% | ||
| Q1 24 | 10.4% | 0.7% |
现金转化率AMZNHBB
| Q4 25 | 2.57× | 1.53× | ||
| Q3 25 | 1.68× | 5.52× | ||
| Q2 25 | 1.79× | -6.83× | ||
| Q1 25 | 0.99× | 3.67× | ||
| Q4 24 | 2.28× | 1.26× | ||
| Q3 24 | 1.69× | -0.98× | ||
| Q2 24 | 1.87× | 2.90× | ||
| 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% |
HBB
| Consumer Product | $191.6M | 90% |
| Commercial Product | $17.5M | 8% |
| Health Beacon | $2.3M | 1% |
