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亚马逊（AMZN）与Planet Fitness, Inc.（PLNT）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Planet Fitness, Inc.的567.1倍（$213.4B vs $376.3M）。Planet Fitness, Inc.净利率更高（16.0% vs 9.9%，领先6.1%）。亚马逊同比增速更快（13.6% vs 10.5%）。亚马逊自由现金流更多（$14.9B vs $59.0M）。过去两年Planet Fitness, Inc.的营收复合增速更高（23.2% vs 22.0%）
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。
Planet Fitness Inc.是总部位于美国新罕布什尔州汉普顿的健身中心特许经营商及运营商，目前在全球拥有约2715家门店，覆盖美国、加拿大、巴拿马、墨西哥、西班牙、澳大利亚等国，是全球规模最大的健身俱乐部特许经营品牌之一，主打「无评判空间」理念，面向所有健身水平的用户开放。
AMZN vs PLNT — 直观对比
营收规模更大
AMZN
是对方的567.1倍
$376.3M
营收增速更快
AMZN
高出3.1%
10.5%
净利率更高
PLNT
高出6.1%
9.9%
自由现金流更多
AMZN
多$14.9B
$59.0M
两年增速更快
PLNT
近两年复合增速
22.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $376.3M |
| 净利润 | $21.2B | $60.4M |
| 毛利率 | 48.5% | 76.0% |
| 营业利润率 | 11.7% | 28.2% |
| 净利率 | 9.9% | 16.0% |
| 营收同比 | 13.6% | 10.5% |
| 净利润同比 | 5.9% | 28.3% |
| 每股收益（稀释后） | $1.95 | — |
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AMZNPLNT
| Q4 25 | $213.4B | $376.3M | ||
| Q3 25 | $180.2B | $330.3M | ||
| Q2 25 | $167.7B | $340.9M | ||
| Q1 25 | $155.7B | $276.7M | ||
| Q4 24 | $187.8B | $340.4M | ||
| Q3 24 | $158.9B | $292.2M | ||
| Q2 24 | $148.0B | $300.9M | ||
| Q1 24 | $143.3B | $248.0M |
净利润AMZNPLNT
| Q4 25 | $21.2B | $60.4M | ||
| Q3 25 | $21.2B | $58.8M | ||
| Q2 25 | $18.2B | $58.0M | ||
| Q1 25 | $17.1B | $41.9M | ||
| Q4 24 | $20.0B | $47.1M | ||
| Q3 24 | $15.3B | $42.0M | ||
| Q2 24 | $13.5B | $48.6M | ||
| Q1 24 | $10.4B | $34.3M |
毛利率AMZNPLNT
| Q4 25 | 48.5% | 76.0% | ||
| Q3 25 | 50.8% | 82.4% | ||
| Q2 25 | 51.8% | 82.6% | ||
| Q1 25 | 50.6% | 91.9% | ||
| Q4 24 | 47.3% | 76.4% | ||
| Q3 24 | 49.0% | 84.4% | ||
| Q2 24 | 50.1% | 82.7% | ||
| Q1 24 | 49.3% | 92.3% |
营业利润率AMZNPLNT
| Q4 25 | 11.7% | 28.2% | ||
| Q3 25 | 9.7% | 32.4% | ||
| Q2 25 | 11.4% | 30.0% | ||
| Q1 25 | 11.8% | 28.6% | ||
| Q4 24 | 11.3% | 26.4% | ||
| Q3 24 | 11.0% | 27.8% | ||
| Q2 24 | 9.9% | 29.0% | ||
| Q1 24 | 10.7% | 26.5% |
净利率AMZNPLNT
| Q4 25 | 9.9% | 16.0% | ||
| Q3 25 | 11.8% | 17.8% | ||
| Q2 25 | 10.8% | 17.0% | ||
| Q1 25 | 11.0% | 15.1% | ||
| Q4 24 | 10.7% | 13.8% | ||
| Q3 24 | 9.6% | 14.4% | ||
| Q2 24 | 9.1% | 16.2% | ||
| Q1 24 | 7.3% | 13.8% |
每股收益（稀释后）AMZNPLNT
| Q4 25 | $1.95 | — | ||
| Q3 25 | $1.95 | — | ||
| Q2 25 | $1.68 | — | ||
| Q1 25 | $1.59 | — | ||
| Q4 24 | $1.86 | — | ||
| Q3 24 | $1.43 | — | ||
| Q2 24 | $1.26 | — | ||
| Q1 24 | $0.98 | — |
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 | $452.4M |
| 总债务越低越好 | $68.8B | $2.5B |
| 股东权益账面价值 | $411.1B | $-482.8M |
| 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AMZNPLNT
| Q4 25 | $123.0B | $452.4M | ||
| Q3 25 | $94.2B | $443.4M | ||
| Q2 25 | $93.2B | $442.7M | ||
| Q1 25 | $94.6B | $453.6M | ||
| Q4 24 | $101.2B | $407.3M | ||
| Q3 24 | $88.1B | $407.4M | ||
| Q2 24 | $89.1B | $350.2M | ||
| Q1 24 | $85.1B | $395.1M |
总债务AMZNPLNT
| Q4 25 | $68.8B | $2.5B | ||
| Q3 25 | $55.1B | $2.2B | ||
| Q2 25 | $56.1B | $2.2B | ||
| Q1 25 | $58.8B | $2.2B | ||
| Q4 24 | $58.0B | $2.2B | ||
| Q3 24 | $60.5B | $2.2B | ||
| Q2 24 | $62.7B | $2.2B | ||
| Q1 24 | $66.9B | $2.0B |
股东权益AMZNPLNT
| Q4 25 | $411.1B | $-482.8M | ||
| Q3 25 | $369.6B | $-194.8M | ||
| Q2 25 | $333.8B | $-158.7M | ||
| Q1 25 | $305.9B | $-219.9M | ||
| Q4 24 | $286.0B | $-215.4M | ||
| Q3 24 | $259.2B | $-266.1M | ||
| Q2 24 | $236.4B | $-317.7M | ||
| Q1 24 | $216.7B | $-96.4M |
总资产AMZNPLNT
| Q4 25 | $818.0B | $3.1B | ||
| Q3 25 | $727.9B | $3.1B | ||
| Q2 25 | $682.2B | $3.1B | ||
| Q1 25 | $643.3B | $3.1B | ||
| Q4 24 | $624.9B | $3.1B | ||
| Q3 24 | $584.6B | $3.0B | ||
| Q2 24 | $554.8B | $3.0B | ||
| Q1 24 | $531.0B | $3.0B |
负债/权益比AMZNPLNT
| 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 | $109.1M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $59.0M |
| 自由现金流率自由现金流/营收 | 7.0% | 15.7% |
| 资本支出强度资本支出/营收 | 18.5% | 13.3% |
| 现金转化率经营现金流/净利润 | 2.57× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $7.7B | $254.8M |
8季度趋势，按日历期对齐
经营现金流AMZNPLNT
| Q4 25 | $54.5B | $109.1M | ||
| Q3 25 | $35.5B | $131.5M | ||
| Q2 25 | $32.5B | $44.0M | ||
| Q1 25 | $17.0B | $133.9M | ||
| Q4 24 | $45.6B | $49.1M | ||
| Q3 24 | $26.0B | $126.8M | ||
| Q2 24 | $25.3B | $78.2M | ||
| Q1 24 | $19.0B | $89.7M |
自由现金流AMZNPLNT
| Q4 25 | $14.9B | $59.0M | ||
| Q3 25 | $430.0M | $76.7M | ||
| Q2 25 | $332.0M | $8.2M | ||
| Q1 25 | $-8.0B | $110.9M | ||
| Q4 24 | $17.8B | $7.0M | ||
| Q3 24 | $3.4B | $78.2M | ||
| Q2 24 | $7.7B | $40.2M | ||
| Q1 24 | $4.1B | $63.4M |
自由现金流率AMZNPLNT
| Q4 25 | 7.0% | 15.7% | ||
| Q3 25 | 0.2% | 23.2% | ||
| Q2 25 | 0.2% | 2.4% | ||
| Q1 25 | -5.1% | 40.1% | ||
| Q4 24 | 9.5% | 2.1% | ||
| Q3 24 | 2.1% | 26.7% | ||
| Q2 24 | 5.2% | 13.4% | ||
| Q1 24 | 2.8% | 25.6% |
资本支出强度AMZNPLNT
| Q4 25 | 18.5% | 13.3% | ||
| Q3 25 | 19.5% | 16.6% | ||
| Q2 25 | 19.2% | 10.5% | ||
| Q1 25 | 16.1% | 8.3% | ||
| Q4 24 | 14.8% | 12.4% | ||
| Q3 24 | 14.2% | 16.6% | ||
| Q2 24 | 11.9% | 12.6% | ||
| Q1 24 | 10.4% | 10.6% |
现金转化率AMZNPLNT
| Q4 25 | 2.57× | 1.81× | ||
| Q3 25 | 1.68× | 2.23× | ||
| Q2 25 | 1.79× | 0.76× | ||
| Q1 25 | 0.99× | 3.20× | ||
| Q4 24 | 2.28× | 1.04× | ||
| Q3 24 | 1.69× | 3.02× | ||
| Q2 24 | 1.87× | 1.61× | ||
| Q1 24 | 1.82× | 2.62× |
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% |
PLNT
| Corporate Owned Club Segment | $135.6M | 36% |
| Equipment Revenue | $121.2M | 32% |
| Franchise | $98.6M | 26% |
| Advertising | $20.8M | 6% |
| Related Party | $4.3M | 1% |
