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亚马逊（AMZN）与Park Hotels & Resorts Inc.（PK）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Park Hotels & Resorts Inc.的339.2倍（$213.4B vs $629.0M）。亚马逊净利率更高（9.9% vs -32.6%，领先42.5%）。亚马逊同比增速更快（13.6% vs 0.6%）。亚马逊自由现金流更多（$14.9B vs $-3.0M）。过去两年亚马逊的营收复合增速更高（22.0% vs -0.8%）
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。
Park Hotels & Resorts是一家总部位于美国弗吉尼亚州泰森斯的房地产投资信托（REIT），核心业务为酒店物业投资运营。该企业于2017年从希尔顿全球集团分拆成立，在酒店不动产领域拥有专业的投资与管理经验。
AMZN vs PK — 直观对比
营收规模更大
AMZN
是对方的339.2倍
$629.0M
营收增速更快
AMZN
高出13.0%
0.6%
净利率更高
AMZN
高出42.5%
-32.6%
自由现金流更多
AMZN
多$14.9B
$-3.0M
两年增速更快
AMZN
近两年复合增速
-0.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $629.0M |
| 净利润 | $21.2B | $-205.0M |
| 毛利率 | 48.5% | — |
| 营业利润率 | 11.7% | -26.1% |
| 净利率 | 9.9% | -32.6% |
| 营收同比 | 13.6% | 0.6% |
| 净利润同比 | 5.9% | -410.6% |
| 每股收益（稀释后） | $1.95 | $-1.04 |
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AMZNPK
| Q4 25 | $213.4B | $629.0M | ||
| Q3 25 | $180.2B | $610.0M | ||
| Q2 25 | $167.7B | $672.0M | ||
| Q1 25 | $155.7B | $630.0M | ||
| Q4 24 | $187.8B | $625.0M | ||
| Q3 24 | $158.9B | $649.0M | ||
| Q2 24 | $148.0B | $686.0M | ||
| Q1 24 | $143.3B | $639.0M |
净利润AMZNPK
| Q4 25 | $21.2B | $-205.0M | ||
| Q3 25 | $21.2B | $-16.0M | ||
| Q2 25 | $18.2B | $-5.0M | ||
| Q1 25 | $17.1B | $-57.0M | ||
| Q4 24 | $20.0B | $66.0M | ||
| Q3 24 | $15.3B | $54.0M | ||
| Q2 24 | $13.5B | $64.0M | ||
| Q1 24 | $10.4B | $28.0M |
毛利率AMZNPK
| Q4 25 | 48.5% | — | ||
| Q3 25 | 50.8% | — | ||
| Q2 25 | 51.8% | — | ||
| Q1 25 | 50.6% | — | ||
| Q4 24 | 47.3% | — | ||
| Q3 24 | 49.0% | — | ||
| Q2 24 | 50.1% | — | ||
| Q1 24 | 49.3% | — |
营业利润率AMZNPK
| Q4 25 | 11.7% | -26.1% | ||
| Q3 25 | 9.7% | 9.7% | ||
| Q2 25 | 11.4% | 9.7% | ||
| Q1 25 | 11.8% | 1.1% | ||
| Q4 24 | 11.3% | 13.3% | ||
| Q3 24 | 11.0% | 14.6% | ||
| Q2 24 | 9.9% | 17.6% | ||
| Q1 24 | 10.7% | 14.4% |
净利率AMZNPK
| Q4 25 | 9.9% | -32.6% | ||
| Q3 25 | 11.8% | -2.6% | ||
| Q2 25 | 10.8% | -0.7% | ||
| Q1 25 | 11.0% | -9.0% | ||
| Q4 24 | 10.7% | 10.6% | ||
| Q3 24 | 9.6% | 8.3% | ||
| Q2 24 | 9.1% | 9.3% | ||
| Q1 24 | 7.3% | 4.4% |
每股收益（稀释后）AMZNPK
| Q4 25 | $1.95 | $-1.04 | ||
| Q3 25 | $1.95 | $-0.08 | ||
| Q2 25 | $1.68 | $-0.02 | ||
| Q1 25 | $1.59 | $-0.29 | ||
| Q4 24 | $1.86 | $0.32 | ||
| Q3 24 | $1.43 | $0.26 | ||
| Q2 24 | $1.26 | $0.30 | ||
| Q1 24 | $0.98 | $0.13 |
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 | $232.0M |
| 总债务越低越好 | $68.8B | $3.9B |
| 股东权益账面价值 | $411.1B | $3.1B |
| 总资产 | $818.0B | $7.7B |
| 负债/权益比越低杠杆越低 | 0.17× | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资AMZNPK
| Q4 25 | $123.0B | $232.0M | ||
| Q3 25 | $94.2B | $278.0M | ||
| Q2 25 | $93.2B | $319.0M | ||
| Q1 25 | $94.6B | $233.0M | ||
| Q4 24 | $101.2B | $402.0M | ||
| Q3 24 | $88.1B | $480.0M | ||
| Q2 24 | $89.1B | $449.0M | ||
| Q1 24 | $85.1B | $378.0M |
总债务AMZNPK
| Q4 25 | $68.8B | $3.9B | ||
| Q3 25 | $55.1B | $3.9B | ||
| Q2 25 | $56.1B | $3.9B | ||
| Q1 25 | $58.8B | $3.9B | ||
| Q4 24 | $58.0B | $3.9B | ||
| Q3 24 | $60.5B | $3.9B | ||
| Q2 24 | $62.7B | $3.9B | ||
| Q1 24 | $66.9B | $3.8B |
股东权益AMZNPK
| Q4 25 | $411.1B | $3.1B | ||
| Q3 25 | $369.6B | $3.4B | ||
| Q2 25 | $333.8B | $3.4B | ||
| Q1 25 | $305.9B | $3.5B | ||
| Q4 24 | $286.0B | $3.6B | ||
| Q3 24 | $259.2B | $3.8B | ||
| Q2 24 | $236.4B | $3.8B | ||
| Q1 24 | $216.7B | $3.8B |
总资产AMZNPK
| Q4 25 | $818.0B | $7.7B | ||
| Q3 25 | $727.9B | $8.8B | ||
| Q2 25 | $682.2B | $8.9B | ||
| Q1 25 | $643.3B | $8.9B | ||
| Q4 24 | $624.9B | $9.2B | ||
| Q3 24 | $584.6B | $9.2B | ||
| Q2 24 | $554.8B | $9.2B | ||
| Q1 24 | $531.0B | $9.1B |
负债/权益比AMZNPK
| Q4 25 | 0.17× | 1.23× | ||
| Q3 25 | 0.15× | 1.14× | ||
| Q2 25 | 0.17× | 1.12× | ||
| Q1 25 | 0.19× | 1.11× | ||
| Q4 24 | 0.20× | 1.06× | ||
| Q3 24 | 0.23× | 1.03× | ||
| Q2 24 | 0.27× | 1.03× | ||
| Q1 24 | 0.31× | 1.00× |
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 | $105.0M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $-3.0M |
| 自由现金流率自由现金流/营收 | 7.0% | -0.5% |
| 资本支出强度资本支出/营收 | 18.5% | 17.2% |
| 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 | $102.0M |
8季度趋势，按日历期对齐
经营现金流AMZNPK
| Q4 25 | $54.5B | $105.0M | ||
| Q3 25 | $35.5B | $99.0M | ||
| Q2 25 | $32.5B | $108.0M | ||
| Q1 25 | $17.0B | $86.0M | ||
| Q4 24 | $45.6B | $80.0M | ||
| Q3 24 | $26.0B | $140.0M | ||
| Q2 24 | $25.3B | $117.0M | ||
| Q1 24 | $19.0B | $92.0M |
自由现金流AMZNPK
| Q4 25 | $14.9B | $-3.0M | ||
| Q3 25 | $430.0M | $31.0M | ||
| Q2 25 | $332.0M | $65.0M | ||
| Q1 25 | $-8.0B | $9.0M | ||
| Q4 24 | $17.8B | $17.0M | ||
| Q3 24 | $3.4B | $97.0M | ||
| Q2 24 | $7.7B | $66.0M | ||
| Q1 24 | $4.1B | $22.0M |
自由现金流率AMZNPK
| Q4 25 | 7.0% | -0.5% | ||
| Q3 25 | 0.2% | 5.1% | ||
| Q2 25 | 0.2% | 9.7% | ||
| Q1 25 | -5.1% | 1.4% | ||
| Q4 24 | 9.5% | 2.7% | ||
| Q3 24 | 2.1% | 14.9% | ||
| Q2 24 | 5.2% | 9.6% | ||
| Q1 24 | 2.8% | 3.4% |
资本支出强度AMZNPK
| Q4 25 | 18.5% | 17.2% | ||
| Q3 25 | 19.5% | 11.1% | ||
| Q2 25 | 19.2% | 6.4% | ||
| Q1 25 | 16.1% | 12.2% | ||
| Q4 24 | 14.8% | 10.1% | ||
| Q3 24 | 14.2% | 6.6% | ||
| Q2 24 | 11.9% | 7.4% | ||
| Q1 24 | 10.4% | 11.0% |
现金转化率AMZNPK
| Q4 25 | 2.57× | — | ||
| Q3 25 | 1.68× | — | ||
| Q2 25 | 1.79× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | 2.28× | 1.21× | ||
| Q3 24 | 1.69× | 2.59× | ||
| Q2 24 | 1.87× | 1.83× | ||
| Q1 24 | 1.82× | 3.29× |
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% |
PK
| Occupancy | $371.0M | 59% |
| Food And Beverage | $173.0M | 28% |
| Ancillary Hotel | $61.0M | 10% |
| Hotel Other | $24.0M | 4% |
