vs
亚马逊（AMZN）与SCANSOURCE, INC.（SCSC）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SCANSOURCE, INC.的278.4倍（$213.4B vs $766.5M）。亚马逊净利率更高（9.9% vs 2.2%，领先7.8%）。亚马逊同比增速更快（13.6% vs 2.5%）。亚马逊自由现金流更多（$14.9B vs $28.9M）。过去两年亚马逊的营收复合增速更高（22.0% vs 0.9%）
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。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
AMZN vs SCSC — 直观对比
营收规模更大
AMZN
是对方的278.4倍
$766.5M
营收增速更快
AMZN
高出11.1%
2.5%
净利率更高
AMZN
高出7.8%
2.2%
自由现金流更多
AMZN
多$14.9B
$28.9M
两年增速更快
AMZN
近两年复合增速
0.9%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $766.5M |
| 净利润 | $21.2B | $16.5M |
| 毛利率 | 48.5% | 13.4% |
| 营业利润率 | 11.7% | 2.3% |
| 净利率 | 9.9% | 2.2% |
| 营收同比 | 13.6% | 2.5% |
| 净利润同比 | 5.9% | -3.3% |
| 每股收益（稀释后） | $1.95 | $0.75 |
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AMZNSCSC
| Q4 25 | $213.4B | $766.5M | ||
| Q3 25 | $180.2B | $739.6M | ||
| Q2 25 | $167.7B | $812.9M | ||
| Q1 25 | $155.7B | $704.8M | ||
| Q4 24 | $187.8B | $747.5M | ||
| Q3 24 | $158.9B | $775.6M | ||
| Q2 24 | $148.0B | $746.1M | ||
| Q1 24 | $143.3B | $752.6M |
净利润AMZNSCSC
| Q4 25 | $21.2B | $16.5M | ||
| Q3 25 | $21.2B | $19.9M | ||
| Q2 25 | $18.2B | $20.1M | ||
| Q1 25 | $17.1B | $17.4M | ||
| Q4 24 | $20.0B | $17.1M | ||
| Q3 24 | $15.3B | $17.0M | ||
| Q2 24 | $13.5B | $16.1M | ||
| Q1 24 | $10.4B | $12.8M |
毛利率AMZNSCSC
| Q4 25 | 48.5% | 13.4% | ||
| Q3 25 | 50.8% | 14.5% | ||
| Q2 25 | 51.8% | 12.9% | ||
| Q1 25 | 50.6% | 14.2% | ||
| Q4 24 | 47.3% | 13.6% | ||
| Q3 24 | 49.0% | 13.1% | ||
| Q2 24 | 50.1% | 13.0% | ||
| Q1 24 | 49.3% | 12.6% |
营业利润率AMZNSCSC
| Q4 25 | 11.7% | 2.3% | ||
| Q3 25 | 9.7% | 3.5% | ||
| Q2 25 | 11.4% | 3.3% | ||
| Q1 25 | 11.8% | 3.2% | ||
| Q4 24 | 11.3% | 2.5% | ||
| Q3 24 | 11.0% | 2.3% | ||
| Q2 24 | 9.9% | 2.9% | ||
| Q1 24 | 10.7% | 2.3% |
净利率AMZNSCSC
| Q4 25 | 9.9% | 2.2% | ||
| Q3 25 | 11.8% | 2.7% | ||
| Q2 25 | 10.8% | 2.5% | ||
| Q1 25 | 11.0% | 2.5% | ||
| Q4 24 | 10.7% | 2.3% | ||
| Q3 24 | 9.6% | 2.2% | ||
| Q2 24 | 9.1% | 2.2% | ||
| Q1 24 | 7.3% | 1.7% |
每股收益（稀释后）AMZNSCSC
| Q4 25 | $1.95 | $0.75 | ||
| Q3 25 | $1.95 | $0.89 | ||
| Q2 25 | $1.68 | $0.87 | ||
| Q1 25 | $1.59 | $0.74 | ||
| Q4 24 | $1.86 | $0.70 | ||
| Q3 24 | $1.43 | $0.69 | ||
| Q2 24 | $1.26 | $0.66 | ||
| Q1 24 | $0.98 | $0.50 |
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 | $83.5M |
| 总债务越低越好 | $68.8B | — |
| 股东权益账面价值 | $411.1B | $910.9M |
| 总资产 | $818.0B | $1.7B |
| 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AMZNSCSC
| Q4 25 | $123.0B | $83.5M | ||
| Q3 25 | $94.2B | $124.9M | ||
| Q2 25 | $93.2B | $126.2M | ||
| Q1 25 | $94.6B | $146.3M | ||
| Q4 24 | $101.2B | $110.5M | ||
| Q3 24 | $88.1B | $145.0M | ||
| Q2 24 | $89.1B | $185.5M | ||
| Q1 24 | $85.1B | $159.1M |
总债务AMZNSCSC
| 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AMZNSCSC
| Q4 25 | $411.1B | $910.9M | ||
| Q3 25 | $369.6B | $914.0M | ||
| Q2 25 | $333.8B | $906.4M | ||
| Q1 25 | $305.9B | $901.7M | ||
| Q4 24 | $286.0B | $900.7M | ||
| Q3 24 | $259.2B | $920.9M | ||
| Q2 24 | $236.4B | $924.3M | ||
| Q1 24 | $216.7B | $944.1M |
总资产AMZNSCSC
| Q4 25 | $818.0B | $1.7B | ||
| Q3 25 | $727.9B | $1.7B | ||
| Q2 25 | $682.2B | $1.8B | ||
| Q1 25 | $643.3B | $1.7B | ||
| Q4 24 | $624.9B | $1.7B | ||
| Q3 24 | $584.6B | $1.8B | ||
| Q2 24 | $554.8B | $1.8B | ||
| Q1 24 | $531.0B | $1.8B |
负债/权益比AMZNSCSC
| 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 | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $28.9M |
| 自由现金流率自由现金流/营收 | 7.0% | 3.8% |
| 资本支出强度资本支出/营收 | 18.5% | 0.3% |
| 现金转化率经营现金流/净利润 | 2.57× | 1.87× |
| 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AMZNSCSC
| Q4 25 | $54.5B | $30.8M | ||
| Q3 25 | $35.5B | $23.2M | ||
| Q2 25 | $32.5B | — | ||
| Q1 25 | $17.0B | $66.1M | ||
| Q4 24 | $45.6B | $-6.2M | ||
| Q3 24 | $26.0B | $44.8M | ||
| Q2 24 | $25.3B | — | ||
| Q1 24 | $19.0B | $160.2M |
自由现金流AMZNSCSC
| Q4 25 | $14.9B | $28.9M | ||
| Q3 25 | $430.0M | $20.8M | ||
| Q2 25 | $332.0M | — | ||
| Q1 25 | $-8.0B | $64.6M | ||
| Q4 24 | $17.8B | $-8.2M | ||
| Q3 24 | $3.4B | $42.5M | ||
| Q2 24 | $7.7B | — | ||
| Q1 24 | $4.1B | $157.7M |
自由现金流率AMZNSCSC
| Q4 25 | 7.0% | 3.8% | ||
| Q3 25 | 0.2% | 2.8% | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | -5.1% | 9.2% | ||
| Q4 24 | 9.5% | -1.1% | ||
| Q3 24 | 2.1% | 5.5% | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | 2.8% | 21.0% |
资本支出强度AMZNSCSC
| Q4 25 | 18.5% | 0.3% | ||
| Q3 25 | 19.5% | 0.3% | ||
| Q2 25 | 19.2% | 0.3% | ||
| Q1 25 | 16.1% | 0.2% | ||
| Q4 24 | 14.8% | 0.3% | ||
| Q3 24 | 14.2% | 0.3% | ||
| Q2 24 | 11.9% | 0.2% | ||
| Q1 24 | 10.4% | 0.3% |
现金转化率AMZNSCSC
| Q4 25 | 2.57× | 1.87× | ||
| Q3 25 | 1.68× | 1.17× | ||
| Q2 25 | 1.79× | — | ||
| Q1 25 | 0.99× | 3.79× | ||
| Q4 24 | 2.28× | -0.36× | ||
| Q3 24 | 1.69× | 2.64× | ||
| Q2 24 | 1.87× | — | ||
| Q1 24 | 1.82× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
