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亚马逊（AMZN）与H&R BLOCK INC（HRB）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H&R BLOCK INC的1073.0倍（$213.4B vs $198.9M）。亚马逊净利率更高（9.9% vs -121.8%，领先131.7%）。亚马逊同比增速更快（13.6% vs 11.1%）。亚马逊自由现金流更多（$14.9B vs $-649.5M）。过去两年亚马逊的营收复合增速更高（22.0% vs -69.8%）
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。
H&R Block是美国知名税务服务企业，1955年由亨利·布洛克与理查德·布洛克兄弟在密苏里州堪萨斯城创立，目前业务范围覆盖美国、加拿大、澳大利亚三地，为个人及企业客户提供专业的税务申报、咨询等相关服务，在行业内拥有较高知名度。
AMZN vs HRB — 直观对比
营收规模更大
AMZN
是对方的1073.0倍
$198.9M
营收增速更快
AMZN
高出2.6%
11.1%
净利率更高
AMZN
高出131.7%
-121.8%
自由现金流更多
AMZN
多$15.6B
$-649.5M
两年增速更快
AMZN
近两年复合增速
-69.8%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $198.9M |
| 净利润 | $21.2B | $-242.2M |
| 毛利率 | 48.5% | -70.9% |
| 营业利润率 | 11.7% | -160.5% |
| 净利率 | 9.9% | -121.8% |
| 营收同比 | 13.6% | 11.1% |
| 净利润同比 | 5.9% | 0.5% |
| 每股收益（稀释后） | $1.95 | — |
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AMZNHRB
| Q4 25 | $213.4B | $198.9M | ||
| Q3 25 | $180.2B | $203.6M | ||
| Q2 25 | $167.7B | $1.1B | ||
| Q1 25 | $155.7B | $2.3B | ||
| Q4 24 | $187.8B | $179.1M | ||
| Q3 24 | $158.9B | $193.8M | ||
| Q2 24 | $148.0B | $1.1B | ||
| Q1 24 | $143.3B | $2.2B |
净利润AMZNHRB
| Q4 25 | $21.2B | $-242.2M | ||
| Q3 25 | $21.2B | $-165.8M | ||
| Q2 25 | $18.2B | $299.4M | ||
| Q1 25 | $17.1B | $722.3M | ||
| Q4 24 | $20.0B | $-243.4M | ||
| Q3 24 | $15.3B | $-172.6M | ||
| Q2 24 | $13.5B | $257.8M | ||
| Q1 24 | $10.4B | $690.7M |
毛利率AMZNHRB
| Q4 25 | 48.5% | -70.9% | ||
| Q3 25 | 50.8% | -34.6% | ||
| Q2 25 | 51.8% | — | ||
| Q1 25 | 50.6% | 57.4% | ||
| Q4 24 | 47.3% | -75.5% | ||
| Q3 24 | 49.0% | -39.1% | ||
| Q2 24 | 50.1% | — | ||
| Q1 24 | 49.3% | 57.6% |
营业利润率AMZNHRB
| Q4 25 | 11.7% | -160.5% | ||
| Q3 25 | 9.7% | -106.3% | ||
| Q2 25 | 11.4% | 33.1% | ||
| Q1 25 | 11.8% | 42.1% | ||
| Q4 24 | 11.3% | -174.4% | ||
| Q3 24 | 11.0% | -119.8% | ||
| Q2 24 | 9.9% | 33.0% | ||
| Q1 24 | 10.7% | 41.5% |
净利率AMZNHRB
| Q4 25 | 9.9% | -121.8% | ||
| Q3 25 | 11.8% | -81.5% | ||
| Q2 25 | 10.8% | 27.0% | ||
| Q1 25 | 11.0% | 31.7% | ||
| Q4 24 | 10.7% | -135.9% | ||
| Q3 24 | 9.6% | -89.0% | ||
| Q2 24 | 9.1% | 24.3% | ||
| Q1 24 | 7.3% | 31.6% |
每股收益（稀释后）AMZNHRB
| Q4 25 | $1.95 | — | ||
| Q3 25 | $1.95 | — | ||
| Q2 25 | $1.68 | — | ||
| Q1 25 | $1.59 | $5.31 | ||
| Q4 24 | $1.86 | — | ||
| Q3 24 | $1.43 | — | ||
| Q2 24 | $1.26 | — | ||
| Q1 24 | $0.98 | $4.86 |
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 | $349.2M |
| 总债务越低越好 | $68.8B | $2.4B |
| 股东权益账面价值 | $411.1B | $-823.1M |
| 总资产 | $818.0B | $2.9B |
| 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AMZNHRB
| Q4 25 | $123.0B | $349.2M | ||
| Q3 25 | $94.2B | $376.4M | ||
| Q2 25 | $93.2B | $983.3M | ||
| Q1 25 | $94.6B | $772.9M | ||
| Q4 24 | $101.2B | $320.1M | ||
| Q3 24 | $88.1B | $415.9M | ||
| Q2 24 | $89.1B | $1.1B | ||
| Q1 24 | $85.1B | $794.6M |
总债务AMZNHRB
| Q4 25 | $68.8B | $2.4B | ||
| Q3 25 | $55.1B | $1.7B | ||
| Q2 25 | $56.1B | $1.1B | ||
| Q1 25 | $58.8B | $1.1B | ||
| Q4 24 | $58.0B | $1.9B | ||
| Q3 24 | $60.5B | $1.5B | ||
| Q2 24 | $62.7B | $1.5B | ||
| Q1 24 | $66.9B | $1.5B |
股东权益AMZNHRB
| Q4 25 | $411.1B | $-823.1M | ||
| Q3 25 | $369.6B | $-550.9M | ||
| Q2 25 | $333.8B | $88.9M | ||
| Q1 25 | $305.9B | $-192.8M | ||
| Q4 24 | $286.0B | $-872.5M | ||
| Q3 24 | $259.2B | $-368.1M | ||
| Q2 24 | $236.4B | $90.6M | ||
| Q1 24 | $216.7B | $-129.8M |
总资产AMZNHRB
| Q4 25 | $818.0B | $2.9B | ||
| Q3 25 | $727.9B | $2.6B | ||
| Q2 25 | $682.2B | $3.3B | ||
| Q1 25 | $643.3B | $3.2B | ||
| Q4 24 | $624.9B | $2.7B | ||
| Q3 24 | $584.6B | $2.5B | ||
| Q2 24 | $554.8B | $3.2B | ||
| Q1 24 | $531.0B | $3.2B |
负债/权益比AMZNHRB
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.17× | 12.86× | ||
| Q1 25 | 0.19× | — | ||
| Q4 24 | 0.20× | — | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 0.27× | 16.46× | ||
| 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 | $-614.0M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $-649.5M |
| 自由现金流率自由现金流/营收 | 7.0% | -326.6% |
| 资本支出强度资本支出/营收 | 18.5% | 17.9% |
| 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 | $524.1M |
8季度趋势，按日历期对齐
经营现金流AMZNHRB
| Q4 25 | $54.5B | $-614.0M | ||
| Q3 25 | $35.5B | $-356.8M | ||
| Q2 25 | $32.5B | $251.6M | ||
| Q1 25 | $17.0B | $1.3B | ||
| Q4 24 | $45.6B | $-567.1M | ||
| Q3 24 | $26.0B | $-328.6M | ||
| Q2 24 | $25.3B | $300.6M | ||
| Q1 24 | $19.0B | $1.4B |
自由现金流AMZNHRB
| Q4 25 | $14.9B | $-649.5M | ||
| Q3 25 | $430.0M | $-370.0M | ||
| Q2 25 | $332.0M | $241.3M | ||
| Q1 25 | $-8.0B | $1.3B | ||
| Q4 24 | $17.8B | $-597.4M | ||
| Q3 24 | $3.4B | $-347.3M | ||
| Q2 24 | $7.7B | $290.7M | ||
| Q1 24 | $4.1B | $1.3B |
自由现金流率AMZNHRB
| Q4 25 | 7.0% | -326.6% | ||
| Q3 25 | 0.2% | -181.8% | ||
| Q2 25 | 0.2% | 21.7% | ||
| Q1 25 | -5.1% | 57.2% | ||
| Q4 24 | 9.5% | -333.6% | ||
| Q3 24 | 2.1% | -179.2% | ||
| Q2 24 | 5.2% | 27.4% | ||
| Q1 24 | 2.8% | 61.4% |
资本支出强度AMZNHRB
| Q4 25 | 18.5% | 17.9% | ||
| Q3 25 | 19.5% | 6.5% | ||
| Q2 25 | 19.2% | 0.9% | ||
| Q1 25 | 16.1% | 1.0% | ||
| Q4 24 | 14.8% | 17.0% | ||
| Q3 24 | 14.2% | 9.7% | ||
| Q2 24 | 11.9% | 0.9% | ||
| Q1 24 | 10.4% | 1.0% |
现金转化率AMZNHRB
| Q4 25 | 2.57× | — | ||
| Q3 25 | 1.68× | — | ||
| Q2 25 | 1.79× | 0.84× | ||
| Q1 25 | 0.99× | 1.83× | ||
| Q4 24 | 2.28× | — | ||
| Q3 24 | 1.69× | — | ||
| Q2 24 | 1.87× | 1.17× | ||
| Q1 24 | 1.82× | 1.97× |
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% |
HRB
| Tax Preparation Fees | $55.9M | 28% |
| Other | $33.3M | 17% |
| Royalty | $31.1M | 16% |
| Wave HQ Inc. | $29.8M | 15% |
| DIY Tax Preparation Fees | $16.8M | 8% |
| Interestand Fee Incomeon Emerald Advance | $13.4M | 7% |
| Feesfrom Emerald Card | $9.1M | 5% |
| Royalties | $5.1M | 3% |
| Tax Identity Shield | $4.2M | 2% |
