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亚马逊（AMZN）与PELOTON INTERACTIVE, INC.（PTON）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PELOTON INTERACTIVE, INC.的325.0倍（$213.4B vs $656.5M）。亚马逊净利率更高（9.9% vs -5.9%，领先15.8%）。亚马逊同比增速更快（13.6% vs -2.6%）。亚马逊自由现金流更多（$14.9B vs $71.0M）
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。
派乐腾（Peloton Interactive）是总部位于美国纽约的健身设备与媒体服务商，主打搭载联网触控屏的动感单车、跑步机、室内划船器等产品，用户付费订阅即可观看直播和录播健身课程，设备内置传感器可追踪运动功率等数据，为用户提供实时运动表现反馈，还支持排行榜功能与其他用户互动比拼。
AMZN vs PTON — 直观对比
营收规模更大
AMZN
是对方的325.0倍
$656.5M
营收增速更快
AMZN
高出16.2%
-2.6%
净利率更高
AMZN
高出15.8%
-5.9%
自由现金流更多
AMZN
多$14.9B
$71.0M
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $656.5M |
| 净利润 | $21.2B | $-38.8M |
| 毛利率 | 48.5% | 50.5% |
| 营业利润率 | 11.7% | -2.2% |
| 净利率 | 9.9% | -5.9% |
| 营收同比 | 13.6% | -2.6% |
| 净利润同比 | 5.9% | 57.8% |
| 每股收益（稀释后） | $1.95 | $-0.09 |
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AMZNPTON
| Q4 25 | $213.4B | $656.5M | ||
| Q3 25 | $180.2B | $550.8M | ||
| Q2 25 | $167.7B | — | ||
| Q1 25 | $155.7B | — | ||
| Q4 24 | $187.8B | — | ||
| Q3 24 | $158.9B | — | ||
| Q2 24 | $148.0B | — | ||
| Q1 24 | $143.3B | — |
净利润AMZNPTON
| Q4 25 | $21.2B | $-38.8M | ||
| Q3 25 | $21.2B | $13.9M | ||
| Q2 25 | $18.2B | — | ||
| Q1 25 | $17.1B | — | ||
| Q4 24 | $20.0B | — | ||
| Q3 24 | $15.3B | — | ||
| Q2 24 | $13.5B | — | ||
| Q1 24 | $10.4B | — |
毛利率AMZNPTON
| Q4 25 | 48.5% | 50.5% | ||
| Q3 25 | 50.8% | 51.5% | ||
| 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AMZNPTON
| Q4 25 | 11.7% | -2.2% | ||
| Q3 25 | 9.7% | 7.5% | ||
| Q2 25 | 11.4% | — | ||
| Q1 25 | 11.8% | — | ||
| Q4 24 | 11.3% | — | ||
| Q3 24 | 11.0% | — | ||
| Q2 24 | 9.9% | — | ||
| Q1 24 | 10.7% | — |
净利率AMZNPTON
| Q4 25 | 9.9% | -5.9% | ||
| Q3 25 | 11.8% | 2.5% | ||
| Q2 25 | 10.8% | — | ||
| Q1 25 | 11.0% | — | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 9.6% | — | ||
| Q2 24 | 9.1% | — | ||
| Q1 24 | 7.3% | — |
每股收益（稀释后）AMZNPTON
| Q4 25 | $1.95 | $-0.09 | ||
| Q3 25 | $1.95 | $0.03 | ||
| 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 | $1.2B |
| 总债务越低越好 | $68.8B | $1.5B |
| 股东权益账面价值 | $411.1B | $-326.7M |
| 总资产 | $818.0B | $2.2B |
| 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AMZNPTON
| Q4 25 | $123.0B | $1.2B | ||
| Q3 25 | $94.2B | $1.1B | ||
| 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AMZNPTON
| Q4 25 | $68.8B | $1.5B | ||
| Q3 25 | $55.1B | $1.5B | ||
| 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AMZNPTON
| Q4 25 | $411.1B | $-326.7M | ||
| Q3 25 | $369.6B | $-347.0M | ||
| Q2 25 | $333.8B | — | ||
| Q1 25 | $305.9B | — | ||
| Q4 24 | $286.0B | — | ||
| Q3 24 | $259.2B | — | ||
| Q2 24 | $236.4B | — | ||
| Q1 24 | $216.7B | — |
总资产AMZNPTON
| Q4 25 | $818.0B | $2.2B | ||
| Q3 25 | $727.9B | $2.2B | ||
| Q2 25 | $682.2B | — | ||
| Q1 25 | $643.3B | — | ||
| Q4 24 | $624.9B | — | ||
| Q3 24 | $584.6B | — | ||
| Q2 24 | $554.8B | — | ||
| Q1 24 | $531.0B | — |
负债/权益比AMZNPTON
| 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 | $71.9M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $71.0M |
| 自由现金流率自由现金流/营收 | 7.0% | 10.8% |
| 资本支出强度资本支出/营收 | 18.5% | 0.1% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流AMZNPTON
| Q4 25 | $54.5B | $71.9M | ||
| Q3 25 | $35.5B | $71.9M | ||
| Q2 25 | $32.5B | — | ||
| Q1 25 | $17.0B | — | ||
| Q4 24 | $45.6B | — | ||
| Q3 24 | $26.0B | — | ||
| Q2 24 | $25.3B | — | ||
| Q1 24 | $19.0B | — |
自由现金流AMZNPTON
| Q4 25 | $14.9B | $71.0M | ||
| Q3 25 | $430.0M | $67.4M | ||
| Q2 25 | $332.0M | — | ||
| Q1 25 | $-8.0B | — | ||
| Q4 24 | $17.8B | — | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $7.7B | — | ||
| Q1 24 | $4.1B | — |
自由现金流率AMZNPTON
| Q4 25 | 7.0% | 10.8% | ||
| Q3 25 | 0.2% | 12.2% | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | -5.1% | — | ||
| Q4 24 | 9.5% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | 2.8% | — |
资本支出强度AMZNPTON
| Q4 25 | 18.5% | 0.1% | ||
| Q3 25 | 19.5% | 0.8% | ||
| Q2 25 | 19.2% | — | ||
| Q1 25 | 16.1% | — | ||
| Q4 24 | 14.8% | — | ||
| Q3 24 | 14.2% | — | ||
| Q2 24 | 11.9% | — | ||
| Q1 24 | 10.4% | — |
现金转化率AMZNPTON
| Q4 25 | 2.57× | — | ||
| Q3 25 | 1.68× | 5.17× | ||
| Q2 25 | 1.79× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | 2.28× | — | ||
| Q3 24 | 1.69× | — | ||
| 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% |
PTON
| Subscription And Circulation | $412.6M | 63% |
| Connected Fitness Products Segment | $243.9M | 37% |
| Product Warranty | $4.0M | 1% |
