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亚马逊（AMZN）与KOHLS Corp（KSS）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KOHLS Corp的59.7倍（$213.4B vs $3.6B）。亚马逊净利率更高（9.9% vs 0.2%，领先9.7%）。亚马逊同比增速更快（13.6% vs -3.6%）。亚马逊自由现金流更多（$14.9B vs $16.0M）。过去两年亚马逊的营收复合增速更高（22.0% vs -22.5%）
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。
科尔士（Kohl's）是美国知名连锁百货零售商，目前在全美除夏威夷外的各州共开设1174家门店。品牌由波兰移民麦克斯韦·科尔创立，1927年他在威斯康星州密尔沃基开设了一家街角杂货店，在当地发展为成功的连锁品牌后，1962年公司开设首家百货门店，正式进军百货零售领域。
AMZN vs KSS — 直观对比
营收规模更大
AMZN
是对方的59.7倍
$3.6B
营收增速更快
AMZN
高出17.3%
-3.6%
净利率更高
AMZN
高出9.7%
0.2%
自由现金流更多
AMZN
多$14.9B
$16.0M
两年增速更快
AMZN
近两年复合增速
-22.5%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $3.6B |
| 净利润 | $21.2B | $8.0M |
| 毛利率 | 48.5% | 42.4% |
| 营业利润率 | 11.7% | 2.0% |
| 净利率 | 9.9% | 0.2% |
| 营收同比 | 13.6% | -3.6% |
| 净利润同比 | 5.9% | -63.6% |
| 每股收益（稀释后） | $1.95 | $0.07 |
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AMZNKSS
| Q4 25 | $213.4B | $3.6B | ||
| Q3 25 | $180.2B | $3.5B | ||
| Q2 25 | $167.7B | $3.2B | ||
| Q1 25 | $155.7B | $5.4B | ||
| Q4 24 | $187.8B | $3.7B | ||
| Q3 24 | $158.9B | $3.7B | ||
| Q2 24 | $148.0B | $3.4B | ||
| Q1 24 | $143.3B | $6.0B |
净利润AMZNKSS
| Q4 25 | $21.2B | $8.0M | ||
| Q3 25 | $21.2B | $153.0M | ||
| Q2 25 | $18.2B | $-15.0M | ||
| Q1 25 | $17.1B | $48.0M | ||
| Q4 24 | $20.0B | $22.0M | ||
| Q3 24 | $15.3B | $66.0M | ||
| Q2 24 | $13.5B | $-27.0M | ||
| Q1 24 | $10.4B | $186.0M |
毛利率AMZNKSS
| Q4 25 | 48.5% | 42.4% | ||
| Q3 25 | 50.8% | 43.3% | ||
| Q2 25 | 51.8% | 43.3% | ||
| Q1 25 | 50.6% | 35.6% | ||
| Q4 24 | 47.3% | 42.4% | ||
| Q3 24 | 49.0% | 43.0% | ||
| Q2 24 | 50.1% | 43.1% | ||
| Q1 24 | 49.3% | 35.2% |
营业利润率AMZNKSS
| Q4 25 | 11.7% | 2.0% | ||
| Q3 25 | 9.7% | 7.9% | ||
| Q2 25 | 11.4% | 1.9% | ||
| Q1 25 | 11.8% | 2.3% | ||
| Q4 24 | 11.3% | 2.6% | ||
| Q3 24 | 11.0% | 4.4% | ||
| Q2 24 | 9.9% | 1.3% | ||
| Q1 24 | 10.7% | 5.0% |
净利率AMZNKSS
| Q4 25 | 9.9% | 0.2% | ||
| Q3 25 | 11.8% | 4.3% | ||
| Q2 25 | 10.8% | -0.5% | ||
| Q1 25 | 11.0% | 0.9% | ||
| Q4 24 | 10.7% | 0.6% | ||
| Q3 24 | 9.6% | 1.8% | ||
| Q2 24 | 9.1% | -0.8% | ||
| Q1 24 | 7.3% | 3.1% |
每股收益（稀释后）AMZNKSS
| Q4 25 | $1.95 | $0.07 | ||
| Q3 25 | $1.95 | $1.35 | ||
| Q2 25 | $1.68 | $-0.13 | ||
| Q1 25 | $1.59 | $0.43 | ||
| Q4 24 | $1.86 | $0.20 | ||
| Q3 24 | $1.43 | $0.59 | ||
| Q2 24 | $1.26 | $-0.24 | ||
| Q1 24 | $0.98 | $1.67 |
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 | $144.0M |
| 总债务越低越好 | $68.8B | — |
| 股东权益账面价值 | $411.1B | $3.9B |
| 总资产 | $818.0B | $14.1B |
| 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AMZNKSS
| Q4 25 | $123.0B | $144.0M | ||
| Q3 25 | $94.2B | $174.0M | ||
| Q2 25 | $93.2B | $153.0M | ||
| Q1 25 | $94.6B | $134.0M | ||
| Q4 24 | $101.2B | $174.0M | ||
| Q3 24 | $88.1B | $231.0M | ||
| Q2 24 | $89.1B | $228.0M | ||
| Q1 24 | $85.1B | $183.0M |
总债务AMZNKSS
| 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AMZNKSS
| Q4 25 | $411.1B | $3.9B | ||
| Q3 25 | $369.6B | $3.9B | ||
| Q2 25 | $333.8B | $3.8B | ||
| Q1 25 | $305.9B | $3.8B | ||
| Q4 24 | $286.0B | $3.8B | ||
| Q3 24 | $259.2B | $3.8B | ||
| Q2 24 | $236.4B | $3.8B | ||
| Q1 24 | $216.7B | $3.9B |
总资产AMZNKSS
| Q4 25 | $818.0B | $14.1B | ||
| Q3 25 | $727.9B | $13.4B | ||
| Q2 25 | $682.2B | $13.6B | ||
| Q1 25 | $643.3B | $13.6B | ||
| Q4 24 | $624.9B | $15.1B | ||
| Q3 24 | $584.6B | $14.2B | ||
| Q2 24 | $554.8B | $14.3B | ||
| Q1 24 | $531.0B | $14.0B |
负债/权益比AMZNKSS
| 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 | $124.0M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $16.0M |
| 自由现金流率自由现金流/营收 | 7.0% | 0.4% |
| 资本支出强度资本支出/营收 | 18.5% | 3.0% |
| 现金转化率经营现金流/净利润 | 2.57× | 15.50× |
| 过去12个月自由现金流最近4个季度 | $7.7B | $819.0M |
8季度趋势，按日历期对齐
经营现金流AMZNKSS
| Q4 25 | $54.5B | $124.0M | ||
| Q3 25 | $35.5B | $598.0M | ||
| Q2 25 | $32.5B | $-92.0M | ||
| Q1 25 | $17.0B | $596.0M | ||
| Q4 24 | $45.6B | $-195.0M | ||
| Q3 24 | $26.0B | $254.0M | ||
| Q2 24 | $25.3B | $-7.0M | ||
| Q1 24 | $19.0B | $789.0M |
自由现金流AMZNKSS
| Q4 25 | $14.9B | $16.0M | ||
| Q3 25 | $430.0M | $508.0M | ||
| Q2 25 | $332.0M | $-202.0M | ||
| Q1 25 | $-8.0B | $497.0M | ||
| Q4 24 | $17.8B | $-323.0M | ||
| Q3 24 | $3.4B | $141.0M | ||
| Q2 24 | $7.7B | $-133.0M | ||
| Q1 24 | $4.1B | $707.0M |
自由现金流率AMZNKSS
| Q4 25 | 7.0% | 0.4% | ||
| Q3 25 | 0.2% | 14.3% | ||
| Q2 25 | 0.2% | -6.2% | ||
| Q1 25 | -5.1% | 9.2% | ||
| Q4 24 | 9.5% | -8.7% | ||
| Q3 24 | 2.1% | 3.8% | ||
| Q2 24 | 5.2% | -3.9% | ||
| Q1 24 | 2.8% | 11.9% |
资本支出强度AMZNKSS
| Q4 25 | 18.5% | 3.0% | ||
| Q3 25 | 19.5% | 2.5% | ||
| Q2 25 | 19.2% | 3.4% | ||
| Q1 25 | 16.1% | 1.8% | ||
| Q4 24 | 14.8% | 3.5% | ||
| Q3 24 | 14.2% | 3.0% | ||
| Q2 24 | 11.9% | 3.7% | ||
| Q1 24 | 10.4% | 1.4% |
现金转化率AMZNKSS
| Q4 25 | 2.57× | 15.50× | ||
| Q3 25 | 1.68× | 3.91× | ||
| Q2 25 | 1.79× | — | ||
| Q1 25 | 0.99× | 12.42× | ||
| Q4 24 | 2.28× | -8.86× | ||
| Q3 24 | 1.69× | 3.85× | ||
| Q2 24 | 1.87× | — | ||
| Q1 24 | 1.82× | 4.24× |
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% |
KSS
| Products | $3.4B | 95% |
| Other | $168.0M | 5% |
| Gift Card | $17.0M | 0% |
