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亚马逊（AMZN）与Life Time Group Holdings, Inc.（LTH）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Life Time Group Holdings, Inc.的286.4倍（$213.4B vs $745.1M）。Life Time Group Holdings, Inc.净利率更高（16.5% vs 9.9%，领先6.6%）。亚马逊同比增速更快（13.6% vs 12.3%）。亚马逊自由现金流更多（$14.9B vs $-64.6M）。过去两年亚马逊的营收复合增速更高（22.0% vs 11.7%）
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。
Life Time Group Holdings是美国高端健身康养服务运营商，在全美运营连锁高端运动场馆，提供健身器材使用、团体课程、私教指导、SPA护理、营养咨询、青少年运动项目及联合办公等服务，服务于追求健康生活方式的消费群体。
AMZN vs LTH — 直观对比
营收规模更大
AMZN
是对方的286.4倍
$745.1M
营收增速更快
AMZN
高出1.3%
12.3%
净利率更高
LTH
高出6.6%
9.9%
自由现金流更多
AMZN
多$15.0B
$-64.6M
两年增速更快
AMZN
近两年复合增速
11.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $745.1M |
| 净利润 | $21.2B | $123.0M |
| 毛利率 | 48.5% | 49.1% |
| 营业利润率 | 11.7% | 17.4% |
| 净利率 | 9.9% | 16.5% |
| 营收同比 | 13.6% | 12.3% |
| 净利润同比 | 5.9% | 231.0% |
| 每股收益（稀释后） | $1.95 | $0.55 |
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AMZNLTH
| Q4 25 | $213.4B | $745.1M | ||
| Q3 25 | $180.2B | $782.6M | ||
| Q2 25 | $167.7B | $761.5M | ||
| Q1 25 | $155.7B | $706.0M | ||
| Q4 24 | $187.8B | $663.3M | ||
| Q3 24 | $158.9B | $693.2M | ||
| Q2 24 | $148.0B | $667.8M | ||
| Q1 24 | $143.3B | $596.7M |
净利润AMZNLTH
| Q4 25 | $21.2B | $123.0M | ||
| Q3 25 | $21.2B | $102.4M | ||
| Q2 25 | $18.2B | $72.1M | ||
| Q1 25 | $17.1B | $76.1M | ||
| Q4 24 | $20.0B | $37.2M | ||
| Q3 24 | $15.3B | $41.4M | ||
| Q2 24 | $13.5B | $52.8M | ||
| Q1 24 | $10.4B | $24.9M |
毛利率AMZNLTH
| Q4 25 | 48.5% | 49.1% | ||
| Q3 25 | 50.8% | 47.1% | ||
| Q2 25 | 51.8% | 47.0% | ||
| Q1 25 | 50.6% | 47.5% | ||
| Q4 24 | 47.3% | 48.2% | ||
| Q3 24 | 49.0% | 46.5% | ||
| Q2 24 | 50.1% | 46.8% | ||
| Q1 24 | 49.3% | 46.1% |
营业利润率AMZNLTH
| Q4 25 | 11.7% | 17.4% | ||
| Q3 25 | 9.7% | 17.3% | ||
| Q2 25 | 11.4% | 14.2% | ||
| Q1 25 | 11.8% | 15.2% | ||
| Q4 24 | 11.3% | 13.1% | ||
| Q3 24 | 11.0% | 13.5% | ||
| Q2 24 | 9.9% | 15.7% | ||
| Q1 24 | 10.7% | 12.1% |
净利率AMZNLTH
| Q4 25 | 9.9% | 16.5% | ||
| Q3 25 | 11.8% | 13.1% | ||
| Q2 25 | 10.8% | 9.5% | ||
| Q1 25 | 11.0% | 10.8% | ||
| Q4 24 | 10.7% | 5.6% | ||
| Q3 24 | 9.6% | 6.0% | ||
| Q2 24 | 9.1% | 7.9% | ||
| Q1 24 | 7.3% | 4.2% |
每股收益（稀释后）AMZNLTH
| Q4 25 | $1.95 | $0.55 | ||
| Q3 25 | $1.95 | $0.45 | ||
| Q2 25 | $1.68 | $0.32 | ||
| Q1 25 | $1.59 | $0.34 | ||
| Q4 24 | $1.86 | $0.17 | ||
| Q3 24 | $1.43 | $0.19 | ||
| Q2 24 | $1.26 | $0.26 | ||
| Q1 24 | $0.98 | $0.12 |
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 | $204.8M |
| 总债务越低越好 | $68.8B | $1.5B |
| 股东权益账面价值 | $411.1B | $3.1B |
| 总资产 | $818.0B | $8.0B |
| 负债/权益比越低杠杆越低 | 0.17× | 0.48× |
8季度趋势，按日历期对齐
现金及短期投资AMZNLTH
| Q4 25 | $123.0B | $204.8M | ||
| Q3 25 | $94.2B | $218.9M | ||
| Q2 25 | $93.2B | $175.5M | ||
| Q1 25 | $94.6B | $59.0M | ||
| Q4 24 | $101.2B | $10.9M | ||
| Q3 24 | $88.1B | $120.9M | ||
| Q2 24 | $89.1B | $34.5M | ||
| Q1 24 | $85.1B | $18.6M |
总债务AMZNLTH
| Q4 25 | $68.8B | $1.5B | ||
| Q3 25 | $55.1B | $1.5B | ||
| Q2 25 | $56.1B | $1.5B | ||
| Q1 25 | $58.8B | $1.5B | ||
| Q4 24 | $58.0B | $1.5B | ||
| Q3 24 | $60.5B | $1.7B | ||
| Q2 24 | $62.7B | $1.8B | ||
| Q1 24 | $66.9B | $2.0B |
股东权益AMZNLTH
| Q4 25 | $411.1B | $3.1B | ||
| Q3 25 | $369.6B | $3.0B | ||
| Q2 25 | $333.8B | $2.9B | ||
| Q1 25 | $305.9B | $2.7B | ||
| Q4 24 | $286.0B | $2.6B | ||
| Q3 24 | $259.2B | $2.6B | ||
| Q2 24 | $236.4B | $2.4B | ||
| Q1 24 | $216.7B | $2.3B |
总资产AMZNLTH
| Q4 25 | $818.0B | $8.0B | ||
| Q3 25 | $727.9B | $7.8B | ||
| Q2 25 | $682.2B | $7.6B | ||
| Q1 25 | $643.3B | $7.3B | ||
| Q4 24 | $624.9B | $7.2B | ||
| Q3 24 | $584.6B | $7.2B | ||
| Q2 24 | $554.8B | $7.1B | ||
| Q1 24 | $531.0B | $7.1B |
负债/权益比AMZNLTH
| Q4 25 | 0.17× | 0.48× | ||
| Q3 25 | 0.15× | 0.51× | ||
| Q2 25 | 0.17× | 0.53× | ||
| Q1 25 | 0.19× | 0.56× | ||
| Q4 24 | 0.20× | 0.59× | ||
| Q3 24 | 0.23× | 0.64× | ||
| Q2 24 | 0.27× | 0.78× | ||
| Q1 24 | 0.31× | 0.87× |
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 | $239.9M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $-64.6M |
| 自由现金流率自由现金流/营收 | 7.0% | -8.7% |
| 资本支出强度资本支出/营收 | 18.5% | 40.9% |
| 现金转化率经营现金流/净利润 | 2.57× | 1.95× |
| 过去12个月自由现金流最近4个季度 | $7.7B | $-21.0M |
8季度趋势，按日历期对齐
经营现金流AMZNLTH
| Q4 25 | $54.5B | $239.9M | ||
| Q3 25 | $35.5B | $251.1M | ||
| Q2 25 | $32.5B | $195.7M | ||
| Q1 25 | $17.0B | $183.9M | ||
| Q4 24 | $45.6B | $163.1M | ||
| Q3 24 | $26.0B | $151.1M | ||
| Q2 24 | $25.3B | $170.4M | ||
| Q1 24 | $19.0B | $90.4M |
自由现金流AMZNLTH
| Q4 25 | $14.9B | $-64.6M | ||
| Q3 25 | $430.0M | $28.6M | ||
| Q2 25 | $332.0M | $-26.3M | ||
| Q1 25 | $-8.0B | $41.4M | ||
| Q4 24 | $17.8B | $26.8M | ||
| Q3 24 | $3.4B | $64.0M | ||
| Q2 24 | $7.7B | $26.1M | ||
| Q1 24 | $4.1B | $-66.4M |
自由现金流率AMZNLTH
| Q4 25 | 7.0% | -8.7% | ||
| Q3 25 | 0.2% | 3.7% | ||
| Q2 25 | 0.2% | -3.5% | ||
| Q1 25 | -5.1% | 5.9% | ||
| Q4 24 | 9.5% | 4.0% | ||
| Q3 24 | 2.1% | 9.2% | ||
| Q2 24 | 5.2% | 3.9% | ||
| Q1 24 | 2.8% | -11.1% |
资本支出强度AMZNLTH
| Q4 25 | 18.5% | 40.9% | ||
| Q3 25 | 19.5% | 28.4% | ||
| Q2 25 | 19.2% | 29.2% | ||
| Q1 25 | 16.1% | 20.2% | ||
| Q4 24 | 14.8% | 20.6% | ||
| Q3 24 | 14.2% | 12.6% | ||
| Q2 24 | 11.9% | 21.6% | ||
| Q1 24 | 10.4% | 26.3% |
现金转化率AMZNLTH
| Q4 25 | 2.57× | 1.95× | ||
| Q3 25 | 1.68× | 2.45× | ||
| Q2 25 | 1.79× | 2.71× | ||
| Q1 25 | 0.99× | 2.41× | ||
| Q4 24 | 2.28× | 4.39× | ||
| Q3 24 | 1.69× | 3.65× | ||
| Q2 24 | 1.87× | 3.23× | ||
| Q1 24 | 1.82× | 3.63× |
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% |
LTH
| Membership | $535.1M | 72% |
| In Center | $191.2M | 26% |
| Other | $18.8M | 3% |
