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亚马逊（AMZN）与HNI CORP（HNI）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HNI CORP的312.1倍（$213.4B vs $683.8M），亚马逊净利率更高（9.9% vs 6.0%，领先3.9%），亚马逊同比增速更快（13.6% vs 1.7%），亚马逊自由现金流更多（$14.9B vs $135.6M），过去两年亚马逊的营收复合增速更高（22.0% vs 0.3%）
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。
HNI公司是全球营收规模领先的办公家具制造商之一，同时也是全球壁炉产品行业的头部企业，生产销售燃气、电、燃木及生物质燃料壁炉、嵌入式炉具、取暖炉、饰面及相关配件。公司1944年由工程师C.麦克斯韦·斯坦利等三人联合创立，总部位于美国爱荷华州马斯卡廷。
AMZN vs HNI — 直观对比
营收规模更大
AMZN
是对方的312.1倍
$683.8M
营收增速更快
AMZN
高出11.9%
1.7%
净利率更高
AMZN
高出3.9%
6.0%
自由现金流更多
AMZN
多$14.8B
$135.6M
两年增速更快
AMZN
近两年复合增速
0.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $683.8M |
| 净利润 | $21.2B | $41.2M |
| 毛利率 | 48.5% | 42.1% |
| 营业利润率 | 11.7% | 9.4% |
| 净利率 | 9.9% | 6.0% |
| 营收同比 | 13.6% | 1.7% |
| 净利润同比 | 5.9% | -13.3% |
| 每股收益（稀释后） | $1.95 | $0.88 |
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AMZNHNI
| Q4 25 | $213.4B | — | ||
| Q3 25 | $180.2B | $683.8M | ||
| Q2 25 | $167.7B | $667.1M | ||
| Q1 25 | $155.7B | $599.8M | ||
| Q4 24 | $187.8B | $642.5M | ||
| Q3 24 | $158.9B | $672.2M | ||
| Q2 24 | $148.0B | $623.7M | ||
| Q1 24 | $143.3B | $588.0M |
净利润AMZNHNI
| Q4 25 | $21.2B | — | ||
| Q3 25 | $21.2B | $41.2M | ||
| Q2 25 | $18.2B | $48.2M | ||
| Q1 25 | $17.1B | $13.9M | ||
| Q4 24 | $20.0B | $38.3M | ||
| Q3 24 | $15.3B | $47.5M | ||
| Q2 24 | $13.5B | $36.0M | ||
| Q1 24 | $10.4B | $17.7M |
毛利率AMZNHNI
| Q4 25 | 48.5% | — | ||
| Q3 25 | 50.8% | 42.1% | ||
| Q2 25 | 51.8% | 42.9% | ||
| Q1 25 | 50.6% | 39.7% | ||
| Q4 24 | 47.3% | 40.5% | ||
| Q3 24 | 49.0% | 41.5% | ||
| Q2 24 | 50.1% | 41.9% | ||
| Q1 24 | 49.3% | 39.6% |
营业利润率AMZNHNI
| Q4 25 | 11.7% | — | ||
| Q3 25 | 9.7% | 9.4% | ||
| Q2 25 | 11.4% | 10.2% | ||
| Q1 25 | 11.8% | 4.1% | ||
| Q4 24 | 11.3% | 8.5% | ||
| Q3 24 | 11.0% | 10.2% | ||
| Q2 24 | 9.9% | 8.6% | ||
| Q1 24 | 10.7% | 5.1% |
净利率AMZNHNI
| Q4 25 | 9.9% | — | ||
| Q3 25 | 11.8% | 6.0% | ||
| Q2 25 | 10.8% | 7.2% | ||
| Q1 25 | 11.0% | 2.3% | ||
| Q4 24 | 10.7% | 6.0% | ||
| Q3 24 | 9.6% | 7.1% | ||
| Q2 24 | 9.1% | 5.8% | ||
| Q1 24 | 7.3% | 3.0% |
每股收益（稀释后）AMZNHNI
| Q4 25 | $1.95 | — | ||
| Q3 25 | $1.95 | $0.88 | ||
| Q2 25 | $1.68 | $1.02 | ||
| Q1 25 | $1.59 | $0.29 | ||
| Q4 24 | $1.86 | $0.78 | ||
| Q3 24 | $1.43 | $0.98 | ||
| Q2 24 | $1.26 | $0.75 | ||
| Q1 24 | $0.98 | $0.37 |
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 | $28.1M |
| 总债务越低越好 | $68.8B | $324.2M |
| 股东权益账面价值 | $411.1B | $835.9M |
| 总资产 | $818.0B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.17× | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资AMZNHNI
| Q4 25 | $123.0B | — | ||
| Q3 25 | $94.2B | $28.1M | ||
| Q2 25 | $93.2B | $38.2M | ||
| Q1 25 | $94.6B | $27.5M | ||
| Q4 24 | $101.2B | $28.9M | ||
| Q3 24 | $88.1B | $40.2M | ||
| Q2 24 | $89.1B | $33.5M | ||
| Q1 24 | $85.1B | $32.5M |
总债务AMZNHNI
| Q4 25 | $68.8B | — | ||
| Q3 25 | $55.1B | $324.2M | ||
| Q2 25 | $56.1B | $444.4M | ||
| Q1 25 | $58.8B | $404.7M | ||
| Q4 24 | $58.0B | $344.6M | ||
| Q3 24 | $60.5B | $345.4M | ||
| Q2 24 | $62.7B | $462.3M | ||
| Q1 24 | $66.9B | $473.0M |
股东权益AMZNHNI
| Q4 25 | $411.1B | — | ||
| Q3 25 | $369.6B | $835.9M | ||
| Q2 25 | $333.8B | $811.0M | ||
| Q1 25 | $305.9B | $803.6M | ||
| Q4 24 | $286.0B | $840.1M | ||
| Q3 24 | $259.2B | $846.6M | ||
| Q2 24 | $236.4B | $787.8M | ||
| Q1 24 | $216.7B | $771.5M |
总资产AMZNHNI
| Q4 25 | $818.0B | — | ||
| Q3 25 | $727.9B | $1.8B | ||
| Q2 25 | $682.2B | $1.9B | ||
| Q1 25 | $643.3B | $1.9B | ||
| Q4 24 | $624.9B | $1.9B | ||
| Q3 24 | $584.6B | $1.9B | ||
| Q2 24 | $554.8B | $1.9B | ||
| Q1 24 | $531.0B | $1.9B |
负债/权益比AMZNHNI
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.15× | 0.39× | ||
| Q2 25 | 0.17× | 0.55× | ||
| Q1 25 | 0.19× | 0.50× | ||
| Q4 24 | 0.20× | 0.41× | ||
| Q3 24 | 0.23× | 0.41× | ||
| Q2 24 | 0.27× | 0.59× | ||
| Q1 24 | 0.31× | 0.61× |
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 | $155.2M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $135.6M |
| 自由现金流率自由现金流/营收 | 7.0% | 19.8% |
| 资本支出强度资本支出/营收 | 18.5% | 2.9% |
| 现金转化率经营现金流/净利润 | 2.57× | 3.77× |
| 过去12个月自由现金流最近4个季度 | $7.7B | $189.5M |
8季度趋势，按日历期对齐
经营现金流AMZNHNI
| Q4 25 | $54.5B | — | ||
| Q3 25 | $35.5B | $155.2M | ||
| Q2 25 | $32.5B | $31.1M | ||
| Q1 25 | $17.0B | $12.6M | ||
| Q4 24 | $45.6B | $51.2M | ||
| Q3 24 | $26.0B | $128.5M | ||
| Q2 24 | $25.3B | $51.3M | ||
| Q1 24 | $19.0B | $-4.3M |
自由现金流AMZNHNI
| Q4 25 | $14.9B | — | ||
| Q3 25 | $430.0M | $135.6M | ||
| Q2 25 | $332.0M | $16.1M | ||
| Q1 25 | $-8.0B | $-3.7M | ||
| Q4 24 | $17.8B | $41.5M | ||
| Q3 24 | $3.4B | $114.0M | ||
| Q2 24 | $7.7B | $33.8M | ||
| Q1 24 | $4.1B | $-15.5M |
自由现金流率AMZNHNI
| Q4 25 | 7.0% | — | ||
| Q3 25 | 0.2% | 19.8% | ||
| Q2 25 | 0.2% | 2.4% | ||
| Q1 25 | -5.1% | -0.6% | ||
| Q4 24 | 9.5% | 6.5% | ||
| Q3 24 | 2.1% | 17.0% | ||
| Q2 24 | 5.2% | 5.4% | ||
| Q1 24 | 2.8% | -2.6% |
资本支出强度AMZNHNI
| Q4 25 | 18.5% | — | ||
| Q3 25 | 19.5% | 2.9% | ||
| Q2 25 | 19.2% | 2.2% | ||
| Q1 25 | 16.1% | 2.7% | ||
| Q4 24 | 14.8% | 1.5% | ||
| Q3 24 | 14.2% | 2.2% | ||
| Q2 24 | 11.9% | 2.8% | ||
| Q1 24 | 10.4% | 1.9% |
现金转化率AMZNHNI
| Q4 25 | 2.57× | — | ||
| Q3 25 | 1.68× | 3.77× | ||
| Q2 25 | 1.79× | 0.65× | ||
| Q1 25 | 0.99× | 0.91× | ||
| Q4 24 | 2.28× | 1.34× | ||
| Q3 24 | 1.69× | 2.71× | ||
| Q2 24 | 1.87× | 1.43× | ||
| Q1 24 | 1.82× | -0.24× |
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% |
HNI
| Systems Storage And Table | $309.9M | 45% |
| Residential Building Products | $166.9M | 24% |
| Seating Products | $161.1M | 24% |
| Other Products | $45.9M | 7% |
