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亚马逊（AMZN）与玛斯特锁（MBC）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玛斯特锁的331.0倍（$213.4B vs $644.6M）。亚马逊净利率更高（9.9% vs -6.5%，领先16.4%）。亚马逊同比增速更快（13.6% vs -3.5%）。亚马逊自由现金流更多（$14.9B vs $52.5M）。过去两年亚马逊的营收复合增速更高（22.0% vs 0.5%）
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。
玛斯特锁是美国知名安防产品供应商，1921年由锁匠发明家哈里·索雷夫创立，总部位于威斯康星州奥克里克，主营挂锁、密码锁、保险箱及相关安防产品，现为富俊创新集团旗下子公司，在全球安防锁具领域拥有较高的市场认可度。
AMZN vs MBC — 直观对比
营收规模更大
AMZN
是对方的331.0倍
$644.6M
营收增速更快
AMZN
高出17.1%
-3.5%
净利率更高
AMZN
高出16.4%
-6.5%
自由现金流更多
AMZN
多$14.9B
$52.5M
两年增速更快
AMZN
近两年复合增速
0.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $644.6M |
| 净利润 | $21.2B | $-42.0M |
| 毛利率 | 48.5% | 26.0% |
| 营业利润率 | 11.7% | -4.2% |
| 净利率 | 9.9% | -6.5% |
| 营收同比 | 13.6% | -3.5% |
| 净利润同比 | 5.9% | -400.0% |
| 每股收益（稀释后） | $1.95 | $-0.32 |
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AMZNMBC
| Q4 25 | $213.4B | $644.6M | ||
| Q3 25 | $180.2B | $698.9M | ||
| Q2 25 | $167.7B | $730.9M | ||
| Q1 25 | $155.7B | $660.3M | ||
| Q4 24 | $187.8B | $667.7M | ||
| Q3 24 | $158.9B | $718.1M | ||
| Q2 24 | $148.0B | $676.5M | ||
| Q1 24 | $143.3B | $638.1M |
净利润AMZNMBC
| Q4 25 | $21.2B | $-42.0M | ||
| Q3 25 | $21.2B | $18.1M | ||
| Q2 25 | $18.2B | $37.3M | ||
| Q1 25 | $17.1B | $13.3M | ||
| Q4 24 | $20.0B | $14.0M | ||
| Q3 24 | $15.3B | $29.1M | ||
| Q2 24 | $13.5B | $45.3M | ||
| Q1 24 | $10.4B | $37.5M |
毛利率AMZNMBC
| Q4 25 | 48.5% | 26.0% | ||
| Q3 25 | 50.8% | 31.2% | ||
| Q2 25 | 51.8% | 32.8% | ||
| Q1 25 | 50.6% | 30.6% | ||
| Q4 24 | 47.3% | 30.4% | ||
| Q3 24 | 49.0% | 33.1% | ||
| Q2 24 | 50.1% | 34.1% | ||
| Q1 24 | 49.3% | 32.1% |
营业利润率AMZNMBC
| Q4 25 | 11.7% | -4.2% | ||
| Q3 25 | 9.7% | 6.0% | ||
| Q2 25 | 11.4% | 9.2% | ||
| Q1 25 | 11.8% | 5.6% | ||
| Q4 24 | 11.3% | 5.6% | ||
| Q3 24 | 11.0% | 8.0% | ||
| Q2 24 | 9.9% | 11.5% | ||
| Q1 24 | 10.7% | 9.8% |
净利率AMZNMBC
| Q4 25 | 9.9% | -6.5% | ||
| Q3 25 | 11.8% | 2.6% | ||
| Q2 25 | 10.8% | 5.1% | ||
| Q1 25 | 11.0% | 2.0% | ||
| Q4 24 | 10.7% | 2.1% | ||
| Q3 24 | 9.6% | 4.1% | ||
| Q2 24 | 9.1% | 6.7% | ||
| Q1 24 | 7.3% | 5.9% |
每股收益（稀释后）AMZNMBC
| Q4 25 | $1.95 | $-0.32 | ||
| Q3 25 | $1.95 | $0.14 | ||
| Q2 25 | $1.68 | $0.29 | ||
| Q1 25 | $1.59 | $0.10 | ||
| Q4 24 | $1.86 | $0.10 | ||
| Q3 24 | $1.43 | $0.22 | ||
| Q2 24 | $1.26 | $0.35 | ||
| Q1 24 | $0.98 | $0.29 |
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 | $183.3M |
| 总债务越低越好 | $68.8B | — |
| 股东权益账面价值 | $411.1B | $1.3B |
| 总资产 | $818.0B | $3.1B |
| 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AMZNMBC
| Q4 25 | $123.0B | $183.3M | ||
| Q3 25 | $94.2B | $114.8M | ||
| Q2 25 | $93.2B | $120.1M | ||
| Q1 25 | $94.6B | $113.5M | ||
| Q4 24 | $101.2B | $120.6M | ||
| Q3 24 | $88.1B | $108.4M | ||
| Q2 24 | $89.1B | $189.4M | ||
| Q1 24 | $85.1B | $153.7M |
总债务AMZNMBC
| Q4 25 | $68.8B | — | ||
| Q3 25 | $55.1B | — | ||
| Q2 25 | $56.1B | — | ||
| Q1 25 | $58.8B | — | ||
| Q4 24 | $58.0B | $1.0B | ||
| Q3 24 | $60.5B | $1.1B | ||
| Q2 24 | $62.7B | — | ||
| Q1 24 | $66.9B | — |
股东权益AMZNMBC
| Q4 25 | $411.1B | $1.3B | ||
| Q3 25 | $369.6B | $1.4B | ||
| Q2 25 | $333.8B | $1.4B | ||
| Q1 25 | $305.9B | $1.3B | ||
| Q4 24 | $286.0B | $1.3B | ||
| Q3 24 | $259.2B | $1.3B | ||
| Q2 24 | $236.4B | $1.3B | ||
| Q1 24 | $216.7B | $1.2B |
总资产AMZNMBC
| Q4 25 | $818.0B | $3.1B | ||
| Q3 25 | $727.9B | $3.0B | ||
| Q2 25 | $682.2B | $3.0B | ||
| Q1 25 | $643.3B | $3.0B | ||
| Q4 24 | $624.9B | $2.9B | ||
| Q3 24 | $584.6B | $3.0B | ||
| Q2 24 | $554.8B | $2.4B | ||
| Q1 24 | $531.0B | $2.4B |
负债/权益比AMZNMBC
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.19× | — | ||
| Q4 24 | 0.20× | 0.79× | ||
| Q3 24 | 0.23× | 0.83× | ||
| 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 | $86.9M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $52.5M |
| 自由现金流率自由现金流/营收 | 7.0% | 8.1% |
| 资本支出强度资本支出/营收 | 18.5% | 5.3% |
| 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 | $117.5M |
8季度趋势，按日历期对齐
经营现金流AMZNMBC
| Q4 25 | $54.5B | $86.9M | ||
| Q3 25 | $35.5B | $55.4M | ||
| Q2 25 | $32.5B | $84.8M | ||
| Q1 25 | $17.0B | $-31.4M | ||
| Q4 24 | $45.6B | $115.1M | ||
| Q3 24 | $26.0B | $80.8M | ||
| Q2 24 | $25.3B | $77.4M | ||
| Q1 24 | $19.0B | $18.7M |
自由现金流AMZNMBC
| Q4 25 | $14.9B | $52.5M | ||
| Q3 25 | $430.0M | $39.5M | ||
| Q2 25 | $332.0M | $66.7M | ||
| Q1 25 | $-8.0B | $-41.2M | ||
| Q4 24 | $17.8B | $68.8M | ||
| Q3 24 | $3.4B | $64.5M | ||
| Q2 24 | $7.7B | $66.1M | ||
| Q1 24 | $4.1B | $11.7M |
自由现金流率AMZNMBC
| Q4 25 | 7.0% | 8.1% | ||
| Q3 25 | 0.2% | 5.7% | ||
| Q2 25 | 0.2% | 9.1% | ||
| Q1 25 | -5.1% | -6.2% | ||
| Q4 24 | 9.5% | 10.3% | ||
| Q3 24 | 2.1% | 9.0% | ||
| Q2 24 | 5.2% | 9.8% | ||
| Q1 24 | 2.8% | 1.8% |
资本支出强度AMZNMBC
| Q4 25 | 18.5% | 5.3% | ||
| Q3 25 | 19.5% | 2.3% | ||
| Q2 25 | 19.2% | 2.5% | ||
| Q1 25 | 16.1% | 1.5% | ||
| Q4 24 | 14.8% | 6.9% | ||
| Q3 24 | 14.2% | 2.3% | ||
| Q2 24 | 11.9% | 1.7% | ||
| Q1 24 | 10.4% | 1.1% |
现金转化率AMZNMBC
| Q4 25 | 2.57× | — | ||
| Q3 25 | 1.68× | 3.06× | ||
| Q2 25 | 1.79× | 2.27× | ||
| Q1 25 | 0.99× | -2.36× | ||
| Q4 24 | 2.28× | 8.22× | ||
| Q3 24 | 1.69× | 2.78× | ||
| Q2 24 | 1.87× | 1.71× | ||
| Q1 24 | 1.82× | 0.50× |
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% |
MBC
| Dealers | $345.7M | 54% |
| Retail | $220.0M | 34% |
| Builders | $78.9M | 12% |
