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亚马逊（AMZN）与RH（RH）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RH的241.4倍（$213.4B vs $883.8M）。亚马逊净利率更高（9.9% vs 4.1%，领先5.8%）。亚马逊同比增速更快（13.6% vs 8.9%）。亚马逊自由现金流更多（$14.9B vs $83.0M）。过去两年亚马逊的营收复合增速更高（22.0% vs 9.4%）
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。
RH是美国高端家居品牌，总部位于加利福尼亚州科尔特马德拉。品牌通过线下零售门店、产品目录和线上渠道发售家居商品，截至2018年8月，在美国和加拿大共运营70家展示馆、18家全系列设计展示馆、3家婴童家居展示馆，另有36家奥莱门店。
AMZN vs RH — 直观对比
营收规模更大
AMZN
是对方的241.4倍
$883.8M
营收增速更快
AMZN
高出4.7%
8.9%
净利率更高
AMZN
高出5.8%
4.1%
自由现金流更多
AMZN
多$14.9B
$83.0M
两年增速更快
AMZN
近两年复合增速
9.4%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $883.8M |
| 净利润 | $21.2B | $36.3M |
| 毛利率 | 48.5% | 44.1% |
| 营业利润率 | 11.7% | 12.0% |
| 净利率 | 9.9% | 4.1% |
| 营收同比 | 13.6% | 8.9% |
| 净利润同比 | 5.9% | 9.3% |
| 每股收益（稀释后） | $1.95 | $1.83 |
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AMZNRH
| Q4 25 | $213.4B | $883.8M | ||
| Q3 25 | $180.2B | $899.2M | ||
| Q2 25 | $167.7B | $814.0M | ||
| Q1 25 | $155.7B | $812.4M | ||
| Q4 24 | $187.8B | $811.7M | ||
| Q3 24 | $158.9B | $829.7M | ||
| Q2 24 | $148.0B | $727.0M | ||
| Q1 24 | $143.3B | $738.3M |
净利润AMZNRH
| Q4 25 | $21.2B | $36.3M | ||
| Q3 25 | $21.2B | $51.7M | ||
| Q2 25 | $18.2B | $8.0M | ||
| Q1 25 | $17.1B | $13.9M | ||
| Q4 24 | $20.0B | $33.2M | ||
| Q3 24 | $15.3B | $29.0M | ||
| Q2 24 | $13.5B | $-3.6M | ||
| Q1 24 | $10.4B | $11.4M |
毛利率AMZNRH
| Q4 25 | 48.5% | 44.1% | ||
| Q3 25 | 50.8% | 45.5% | ||
| Q2 25 | 51.8% | 43.7% | ||
| Q1 25 | 50.6% | 44.7% | ||
| Q4 24 | 47.3% | 44.5% | ||
| Q3 24 | 49.0% | 45.2% | ||
| Q2 24 | 50.1% | 43.5% | ||
| Q1 24 | 49.3% | 43.5% |
营业利润率AMZNRH
| Q4 25 | 11.7% | 12.0% | ||
| Q3 25 | 9.7% | 14.3% | ||
| Q2 25 | 11.4% | 6.9% | ||
| Q1 25 | 11.8% | 8.7% | ||
| Q4 24 | 11.3% | 12.5% | ||
| Q3 24 | 11.0% | 11.6% | ||
| Q2 24 | 9.9% | 7.5% | ||
| Q1 24 | 10.7% | 8.7% |
净利率AMZNRH
| Q4 25 | 9.9% | 4.1% | ||
| Q3 25 | 11.8% | 5.8% | ||
| Q2 25 | 10.8% | 1.0% | ||
| Q1 25 | 11.0% | 1.7% | ||
| Q4 24 | 10.7% | 4.1% | ||
| Q3 24 | 9.6% | 3.5% | ||
| Q2 24 | 9.1% | -0.5% | ||
| Q1 24 | 7.3% | 1.5% |
每股收益（稀释后）AMZNRH
| Q4 25 | $1.95 | $1.83 | ||
| Q3 25 | $1.95 | $2.62 | ||
| Q2 25 | $1.68 | $0.40 | ||
| Q1 25 | $1.59 | $0.71 | ||
| Q4 24 | $1.86 | $1.66 | ||
| Q3 24 | $1.43 | $1.45 | ||
| Q2 24 | $1.26 | $-0.20 | ||
| Q1 24 | $0.98 | $0.91 |
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 | $43.1M |
| 总债务越低越好 | $68.8B | — |
| 股东权益账面价值 | $411.1B | $3.3M |
| 总资产 | $818.0B | $4.8B |
| 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AMZNRH
| Q4 25 | $123.0B | $43.1M | ||
| Q3 25 | $94.2B | $34.6M | ||
| Q2 25 | $93.2B | $46.1M | ||
| Q1 25 | $94.6B | $30.4M | ||
| Q4 24 | $101.2B | $87.0M | ||
| Q3 24 | $88.1B | $78.3M | ||
| Q2 24 | $89.1B | $101.8M | ||
| Q1 24 | $85.1B | $123.7M |
总债务AMZNRH
| 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AMZNRH
| Q4 25 | $411.1B | $3.3M | ||
| Q3 25 | $369.6B | $-40.9M | ||
| Q2 25 | $333.8B | $-110.8M | ||
| Q1 25 | $305.9B | $-163.6M | ||
| Q4 24 | $286.0B | $-183.0M | ||
| Q3 24 | $259.2B | $-234.7M | ||
| Q2 24 | $236.4B | $-289.9M | ||
| Q1 24 | $216.7B | $-297.4M |
总资产AMZNRH
| Q4 25 | $818.0B | $4.8B | ||
| Q3 25 | $727.9B | $4.7B | ||
| Q2 25 | $682.2B | $4.7B | ||
| Q1 25 | $643.3B | $4.6B | ||
| Q4 24 | $624.9B | $4.5B | ||
| Q3 24 | $584.6B | $4.4B | ||
| Q2 24 | $554.8B | $4.2B | ||
| Q1 24 | $531.0B | $4.1B |
负债/权益比AMZNRH
| 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 | $131.9M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $83.0M |
| 自由现金流率自由现金流/营收 | 7.0% | 9.4% |
| 资本支出强度资本支出/营收 | 18.5% | 5.5% |
| 现金转化率经营现金流/净利润 | 2.57× | 3.64× |
| 过去12个月自由现金流最近4个季度 | $7.7B | $128.1M |
8季度趋势，按日历期对齐
经营现金流AMZNRH
| Q4 25 | $54.5B | $131.9M | ||
| Q3 25 | $35.5B | $137.7M | ||
| Q2 25 | $32.5B | $86.6M | ||
| Q1 25 | $17.0B | $-18.8M | ||
| Q4 24 | $45.6B | $-31.4M | ||
| Q3 24 | $26.0B | $11.2M | ||
| Q2 24 | $25.3B | $56.1M | ||
| Q1 24 | $19.0B | $-114.0M |
自由现金流AMZNRH
| Q4 25 | $14.9B | $83.0M | ||
| Q3 25 | $430.0M | $80.7M | ||
| Q2 25 | $332.0M | $34.1M | ||
| Q1 25 | $-8.0B | $-69.7M | ||
| Q4 24 | $17.8B | $-96.0M | ||
| Q3 24 | $3.4B | $-37.9M | ||
| Q2 24 | $7.7B | $-10.1M | ||
| Q1 24 | $4.1B | $-251.5M |
自由现金流率AMZNRH
| Q4 25 | 7.0% | 9.4% | ||
| Q3 25 | 0.2% | 9.0% | ||
| Q2 25 | 0.2% | 4.2% | ||
| Q1 25 | -5.1% | -8.6% | ||
| Q4 24 | 9.5% | -11.8% | ||
| Q3 24 | 2.1% | -4.6% | ||
| Q2 24 | 5.2% | -1.4% | ||
| Q1 24 | 2.8% | -34.1% |
资本支出强度AMZNRH
| Q4 25 | 18.5% | 5.5% | ||
| Q3 25 | 19.5% | 6.3% | ||
| Q2 25 | 19.2% | 6.5% | ||
| Q1 25 | 16.1% | 6.3% | ||
| Q4 24 | 14.8% | 8.0% | ||
| Q3 24 | 14.2% | 5.9% | ||
| Q2 24 | 11.9% | 9.1% | ||
| Q1 24 | 10.4% | 18.6% |
现金转化率AMZNRH
| Q4 25 | 2.57× | 3.64× | ||
| Q3 25 | 1.68× | 2.66× | ||
| Q2 25 | 1.79× | 10.78× | ||
| Q1 25 | 0.99× | -1.35× | ||
| Q4 24 | 2.28× | -0.95× | ||
| Q3 24 | 1.69× | 0.39× | ||
| Q2 24 | 1.87× | — | ||
| Q1 24 | 1.82× | -10.01× |
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% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
