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亚马逊（AMZN）与如新（NUS）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如新的576.2倍（$213.4B vs $370.3M）。亚马逊净利率更高（9.9% vs 3.9%，领先6.0%）。亚马逊同比增速更快（13.6% vs -16.9%）。亚马逊自由现金流更多（$14.9B vs $5.9M）。过去两年亚马逊的营收复合增速更高（22.0% vs -5.8%）
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。
如新企业集团是一家美国多层次直销企业，主打研发并销售个人护理产品与营养膳食补充产品，旗下拥有Nu Skin及Pharmanex两大品牌，目前已在全球54个市场开展业务，依托约120万独立销售代表的销售网络覆盖全球市场。
AMZN vs NUS — 直观对比
营收规模更大
AMZN
是对方的576.2倍
$370.3M
营收增速更快
AMZN
高出30.5%
-16.9%
净利率更高
AMZN
高出6.0%
3.9%
自由现金流更多
AMZN
多$14.9B
$5.9M
两年增速更快
AMZN
近两年复合增速
-5.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $370.3M |
| 净利润 | $21.2B | $14.5M |
| 毛利率 | 48.5% | 70.7% |
| 营业利润率 | 11.7% | 6.3% |
| 净利率 | 9.9% | 3.9% |
| 营收同比 | 13.6% | -16.9% |
| 净利润同比 | 5.9% | 140.1% |
| 每股收益（稀释后） | $1.95 | $0.27 |
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AMZNNUS
| Q4 25 | $213.4B | $370.3M | ||
| Q3 25 | $180.2B | $364.2M | ||
| Q2 25 | $167.7B | $386.1M | ||
| Q1 25 | $155.7B | $364.5M | ||
| Q4 24 | $187.8B | $445.6M | ||
| Q3 24 | $158.9B | $430.1M | ||
| Q2 24 | $148.0B | $439.1M | ||
| Q1 24 | $143.3B | $417.3M |
净利润AMZNNUS
| Q4 25 | $21.2B | $14.5M | ||
| Q3 25 | $21.2B | $17.1M | ||
| Q2 25 | $18.2B | $21.1M | ||
| Q1 25 | $17.1B | $107.5M | ||
| Q4 24 | $20.0B | $-36.1M | ||
| Q3 24 | $15.3B | $8.3M | ||
| Q2 24 | $13.5B | $-118.3M | ||
| Q1 24 | $10.4B | $-533.0K |
毛利率AMZNNUS
| Q4 25 | 48.5% | 70.7% | ||
| Q3 25 | 50.8% | 70.5% | ||
| Q2 25 | 51.8% | 68.8% | ||
| Q1 25 | 50.6% | 67.8% | ||
| Q4 24 | 47.3% | 62.7% | ||
| Q3 24 | 49.0% | 70.1% | ||
| Q2 24 | 50.1% | 70.0% | ||
| Q1 24 | 49.3% | 70.5% |
营业利润率AMZNNUS
| Q4 25 | 11.7% | 6.3% | ||
| Q3 25 | 9.7% | 5.9% | ||
| Q2 25 | 11.4% | 8.0% | ||
| Q1 25 | 11.8% | -2.7% | ||
| Q4 24 | 11.3% | -11.9% | ||
| Q3 24 | 11.0% | 4.2% | ||
| Q2 24 | 9.9% | -28.6% | ||
| Q1 24 | 10.7% | 2.1% |
净利率AMZNNUS
| Q4 25 | 9.9% | 3.9% | ||
| Q3 25 | 11.8% | 4.7% | ||
| Q2 25 | 10.8% | 5.5% | ||
| Q1 25 | 11.0% | 29.5% | ||
| Q4 24 | 10.7% | -8.1% | ||
| Q3 24 | 9.6% | 1.9% | ||
| Q2 24 | 9.1% | -26.9% | ||
| Q1 24 | 7.3% | -0.1% |
每股收益（稀释后）AMZNNUS
| Q4 25 | $1.95 | $0.27 | ||
| Q3 25 | $1.95 | $0.34 | ||
| Q2 25 | $1.68 | $0.43 | ||
| Q1 25 | $1.59 | $2.14 | ||
| Q4 24 | $1.86 | $-0.73 | ||
| Q3 24 | $1.43 | $0.17 | ||
| Q2 24 | $1.26 | $-2.38 | ||
| Q1 24 | $0.98 | $-0.01 |
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 | $239.8M |
| 总债务越低越好 | $68.8B | — |
| 股东权益账面价值 | $411.1B | $805.2M |
| 总资产 | $818.0B | $1.4B |
| 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AMZNNUS
| Q4 25 | $123.0B | $239.8M | ||
| Q3 25 | $94.2B | $253.0M | ||
| Q2 25 | $93.2B | $265.4M | ||
| Q1 25 | $94.6B | $213.6M | ||
| Q4 24 | $101.2B | $198.0M | ||
| Q3 24 | $88.1B | $237.8M | ||
| Q2 24 | $89.1B | $232.9M | ||
| Q1 24 | $85.1B | $221.2M |
总债务AMZNNUS
| 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AMZNNUS
| Q4 25 | $411.1B | $805.2M | ||
| Q3 25 | $369.6B | $799.8M | ||
| Q2 25 | $333.8B | $787.8M | ||
| Q1 25 | $305.9B | $754.0M | ||
| Q4 24 | $286.0B | $651.5M | ||
| Q3 24 | $259.2B | $706.9M | ||
| Q2 24 | $236.4B | $686.2M | ||
| Q1 24 | $216.7B | $810.2M |
总资产AMZNNUS
| Q4 25 | $818.0B | $1.4B | ||
| Q3 25 | $727.9B | $1.4B | ||
| Q2 25 | $682.2B | $1.4B | ||
| Q1 25 | $643.3B | $1.4B | ||
| Q4 24 | $624.9B | $1.5B | ||
| Q3 24 | $584.6B | $1.6B | ||
| Q2 24 | $554.8B | $1.6B | ||
| Q1 24 | $531.0B | $1.7B |
负债/权益比AMZNNUS
| 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 | $16.6M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $5.9M |
| 自由现金流率自由现金流/营收 | 7.0% | 1.6% |
| 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× | 1.15× |
| 过去12个月自由现金流最近4个季度 | $7.7B | $46.0M |
8季度趋势，按日历期对齐
经营现金流AMZNNUS
| Q4 25 | $54.5B | $16.6M | ||
| Q3 25 | $35.5B | $27.5M | ||
| Q2 25 | $32.5B | $35.8M | ||
| Q1 25 | $17.0B | $389.0K | ||
| Q4 24 | $45.6B | $25.8M | ||
| Q3 24 | $26.0B | $31.4M | ||
| Q2 24 | $25.3B | $51.2M | ||
| Q1 24 | $19.0B | $3.3M |
自由现金流AMZNNUS
| Q4 25 | $14.9B | $5.9M | ||
| Q3 25 | $430.0M | $17.6M | ||
| Q2 25 | $332.0M | $35.8M | ||
| Q1 25 | $-8.0B | $-13.2M | ||
| Q4 24 | $17.8B | $13.2M | ||
| Q3 24 | $3.4B | $22.8M | ||
| Q2 24 | $7.7B | $43.1M | ||
| Q1 24 | $4.1B | $-9.0M |
自由现金流率AMZNNUS
| Q4 25 | 7.0% | 1.6% | ||
| Q3 25 | 0.2% | 4.8% | ||
| Q2 25 | 0.2% | 9.3% | ||
| Q1 25 | -5.1% | -3.6% | ||
| Q4 24 | 9.5% | 3.0% | ||
| Q3 24 | 2.1% | 5.3% | ||
| Q2 24 | 5.2% | 9.8% | ||
| Q1 24 | 2.8% | -2.1% |
资本支出强度AMZNNUS
| Q4 25 | 18.5% | 2.9% | ||
| Q3 25 | 19.5% | 2.7% | ||
| Q2 25 | 19.2% | 0.0% | ||
| Q1 25 | 16.1% | 3.7% | ||
| Q4 24 | 14.8% | 2.8% | ||
| Q3 24 | 14.2% | 2.0% | ||
| Q2 24 | 11.9% | 1.9% | ||
| Q1 24 | 10.4% | 2.9% |
现金转化率AMZNNUS
| Q4 25 | 2.57× | 1.15× | ||
| Q3 25 | 1.68× | 1.61× | ||
| Q2 25 | 1.79× | 1.69× | ||
| Q1 25 | 0.99× | 0.00× | ||
| Q4 24 | 2.28× | — | ||
| Q3 24 | 1.69× | 3.79× | ||
| Q2 24 | 1.87× | — | ||
| Q1 24 | 1.82× | — |
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% |
NUS
| Other | $161.9M | 44% |
| Mainland China Segment | $52.0M | 14% |
| Southeast Asia Pacific Segment | $50.5M | 14% |
| Europe And Africa Segment | $41.8M | 11% |
| Hong Kong Taiwan Segment | $29.6M | 8% |
| South Korea Segment | $28.4M | 8% |
| Rhyz Other Segment | $6.1M | 2% |
