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亚马逊（AMZN）与百事公司（PFGC）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百事公司的13.0倍（$213.4B vs $16.4B）。亚马逊净利率更高（9.9% vs 0.4%，领先9.6%）。亚马逊同比增速更快（13.6% vs 5.2%）。亚马逊自由现金流更多（$14.9B vs $487.8M）。过去两年亚马逊的营收复合增速更高（22.0% vs 8.9%）
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。
百事公司是总部位于美国纽约州珀彻斯的跨国食品饮料企业，1965年由百事可乐公司与菲多利合并成立。业务覆盖食品饮料全领域，负责旗下产品的生产、分销与市场营销，产品矩阵从最初的百事可乐扩展到了丰富多元的知名品牌组合。
AMZN vs PFGC — 直观对比
营收规模更大
AMZN
是对方的13.0倍
$16.4B
营收增速更快
AMZN
高出8.5%
5.2%
净利率更高
AMZN
高出9.6%
0.4%
自由现金流更多
AMZN
多$14.4B
$487.8M
两年增速更快
AMZN
近两年复合增速
8.9%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $16.4B |
| 净利润 | $21.2B | $61.7M |
| 毛利率 | 48.5% | 12.0% |
| 营业利润率 | 11.7% | 1.2% |
| 净利率 | 9.9% | 0.4% |
| 营收同比 | 13.6% | 5.2% |
| 净利润同比 | 5.9% | 45.5% |
| 每股收益（稀释后） | $1.95 | $0.39 |
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AMZNPFGC
| Q4 25 | $213.4B | $16.4B | ||
| Q3 25 | $180.2B | $17.1B | ||
| Q2 25 | $167.7B | $16.9B | ||
| Q1 25 | $155.7B | $15.3B | ||
| Q4 24 | $187.8B | $15.6B | ||
| Q3 24 | $158.9B | $15.4B | ||
| Q2 24 | $148.0B | $15.2B | ||
| Q1 24 | $143.3B | $13.9B |
净利润AMZNPFGC
| Q4 25 | $21.2B | $61.7M | ||
| Q3 25 | $21.2B | $93.6M | ||
| Q2 25 | $18.2B | $131.5M | ||
| Q1 25 | $17.1B | $58.3M | ||
| Q4 24 | $20.0B | $42.4M | ||
| Q3 24 | $15.3B | $108.0M | ||
| Q2 24 | $13.5B | $166.5M | ||
| Q1 24 | $10.4B | $70.4M |
毛利率AMZNPFGC
| Q4 25 | 48.5% | 12.0% | ||
| Q3 25 | 50.8% | 11.8% | ||
| Q2 25 | 51.8% | 11.8% | ||
| Q1 25 | 50.6% | 11.9% | ||
| Q4 24 | 47.3% | 11.7% | ||
| Q3 24 | 49.0% | 11.4% | ||
| Q2 24 | 50.1% | 11.5% | ||
| Q1 24 | 49.3% | 11.3% |
营业利润率AMZNPFGC
| Q4 25 | 11.7% | 1.2% | ||
| Q3 25 | 9.7% | 1.3% | ||
| Q2 25 | 11.4% | 1.6% | ||
| Q1 25 | 11.8% | 1.1% | ||
| Q4 24 | 11.3% | 1.0% | ||
| Q3 24 | 11.0% | 1.4% | ||
| Q2 24 | 9.9% | 1.9% | ||
| Q1 24 | 10.7% | 1.1% |
净利率AMZNPFGC
| Q4 25 | 9.9% | 0.4% | ||
| Q3 25 | 11.8% | 0.5% | ||
| Q2 25 | 10.8% | 0.8% | ||
| Q1 25 | 11.0% | 0.4% | ||
| Q4 24 | 10.7% | 0.3% | ||
| Q3 24 | 9.6% | 0.7% | ||
| Q2 24 | 9.1% | 1.1% | ||
| Q1 24 | 7.3% | 0.5% |
每股收益（稀释后）AMZNPFGC
| Q4 25 | $1.95 | $0.39 | ||
| Q3 25 | $1.95 | $0.60 | ||
| Q2 25 | $1.68 | $0.85 | ||
| Q1 25 | $1.59 | $0.37 | ||
| Q4 24 | $1.86 | $0.27 | ||
| Q3 24 | $1.43 | $0.69 | ||
| Q2 24 | $1.26 | $1.07 | ||
| Q1 24 | $0.98 | $0.45 |
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 | — |
| 总债务越低越好 | $68.8B | $5.3B |
| 股东权益账面价值 | $411.1B | $4.6B |
| 总资产 | $818.0B | $18.2B |
| 负债/权益比越低杠杆越低 | 0.17× | 1.13× |
8季度趋势，按日历期对齐
现金及短期投资AMZNPFGC
| Q4 25 | $123.0B | — | ||
| Q3 25 | $94.2B | — | ||
| Q2 25 | $93.2B | — | ||
| Q1 25 | $94.6B | — | ||
| Q4 24 | $101.2B | — | ||
| Q3 24 | $88.1B | — | ||
| Q2 24 | $89.1B | — | ||
| Q1 24 | $85.1B | — |
总债务AMZNPFGC
| Q4 25 | $68.8B | $5.3B | ||
| Q3 25 | $55.1B | $5.6B | ||
| Q2 25 | $56.1B | $5.4B | ||
| Q1 25 | $58.8B | $5.4B | ||
| Q4 24 | $58.0B | $5.7B | ||
| Q3 24 | $60.5B | $3.9B | ||
| Q2 24 | $62.7B | $3.2B | ||
| Q1 24 | $66.9B | $3.2B |
股东权益AMZNPFGC
| Q4 25 | $411.1B | $4.6B | ||
| Q3 25 | $369.6B | $4.6B | ||
| Q2 25 | $333.8B | $4.5B | ||
| Q1 25 | $305.9B | $4.3B | ||
| Q4 24 | $286.0B | $4.3B | ||
| Q3 24 | $259.2B | $4.2B | ||
| Q2 24 | $236.4B | $4.1B | ||
| Q1 24 | $216.7B | $4.0B |
总资产AMZNPFGC
| Q4 25 | $818.0B | $18.2B | ||
| Q3 25 | $727.9B | $18.4B | ||
| Q2 25 | $682.2B | $17.9B | ||
| Q1 25 | $643.3B | $17.1B | ||
| Q4 24 | $624.9B | $17.1B | ||
| Q3 24 | $584.6B | $14.4B | ||
| Q2 24 | $554.8B | $13.4B | ||
| Q1 24 | $531.0B | $12.9B |
负债/权益比AMZNPFGC
| Q4 25 | 0.17× | 1.13× | ||
| Q3 25 | 0.15× | 1.23× | ||
| Q2 25 | 0.17× | 1.20× | ||
| Q1 25 | 0.19× | 1.25× | ||
| Q4 24 | 0.20× | 1.34× | ||
| Q3 24 | 0.23× | 0.93× | ||
| Q2 24 | 0.27× | 0.78× | ||
| Q1 24 | 0.31× | 0.81× |
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 | $601.2M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $487.8M |
| 自由现金流率自由现金流/营收 | 7.0% | 3.0% |
| 资本支出强度资本支出/营收 | 18.5% | 0.7% |
| 现金转化率经营现金流/净利润 | 2.57× | 9.74× |
| 过去12个月自由现金流最近4个季度 | $7.7B | $792.7M |
8季度趋势，按日历期对齐
经营现金流AMZNPFGC
| Q4 25 | $54.5B | $601.2M | ||
| Q3 25 | $35.5B | $-145.2M | ||
| Q2 25 | $32.5B | $383.0M | ||
| Q1 25 | $17.0B | $448.1M | ||
| Q4 24 | $45.6B | $325.5M | ||
| Q3 24 | $26.0B | $53.5M | ||
| Q2 24 | $25.3B | $206.3M | ||
| Q1 24 | $19.0B | $402.7M |
自由现金流AMZNPFGC
| Q4 25 | $14.9B | $487.8M | ||
| Q3 25 | $430.0M | $-224.1M | ||
| Q2 25 | $332.0M | $209.7M | ||
| Q1 25 | $-8.0B | $319.3M | ||
| Q4 24 | $17.8B | $218.1M | ||
| Q3 24 | $3.4B | $-43.0M | ||
| Q2 24 | $7.7B | $55.1M | ||
| Q1 24 | $4.1B | $305.4M |
自由现金流率AMZNPFGC
| Q4 25 | 7.0% | 3.0% | ||
| Q3 25 | 0.2% | -1.3% | ||
| Q2 25 | 0.2% | 1.2% | ||
| Q1 25 | -5.1% | 2.1% | ||
| Q4 24 | 9.5% | 1.4% | ||
| Q3 24 | 2.1% | -0.3% | ||
| Q2 24 | 5.2% | 0.4% | ||
| Q1 24 | 2.8% | 2.2% |
资本支出强度AMZNPFGC
| Q4 25 | 18.5% | 0.7% | ||
| Q3 25 | 19.5% | 0.5% | ||
| Q2 25 | 19.2% | 1.0% | ||
| Q1 25 | 16.1% | 0.8% | ||
| Q4 24 | 14.8% | 0.7% | ||
| Q3 24 | 14.2% | 0.6% | ||
| Q2 24 | 11.9% | 1.0% | ||
| Q1 24 | 10.4% | 0.7% |
现金转化率AMZNPFGC
| Q4 25 | 2.57× | 9.74× | ||
| Q3 25 | 1.68× | -1.55× | ||
| Q2 25 | 1.79× | 2.91× | ||
| Q1 25 | 0.99× | 7.69× | ||
| Q4 24 | 2.28× | 7.68× | ||
| Q3 24 | 1.69× | 0.50× | ||
| Q2 24 | 1.87× | 1.24× | ||
| Q1 24 | 1.82× | 5.72× |
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% |
PFGC
| Foodservice | $8.8B | 54% |
| Convenience | $6.3B | 38% |
| Specialty | $1.3B | 8% |
