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亚马逊（AMZN）与SEABOARD CORP（SEB）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SEABOARD CORP的88.5倍（$213.4B vs $2.4B）。SEABOARD CORP净利率更高（10.6% vs 9.9%，领先0.6%）。亚马逊同比增速更快（13.6% vs -2.9%）。亚马逊自由现金流更多（$14.9B vs $53.0M）。过去两年亚马逊的营收复合增速更高（22.0% vs 4.9%）
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。
Seaboard Corporation是一家多元化跨国农业综合及运输集团，业务覆盖多个垂直整合领域。美国本土核心业务包括生猪养殖加工与远洋运输，海外板块主营大宗商品贸易、谷物加工、食糖生产及发电，总部位于堪萨斯州梅里亚姆。
AMZN vs SEB — 直观对比
营收规模更大
AMZN
是对方的88.5倍
$2.4B
营收增速更快
AMZN
高出16.5%
-2.9%
净利率更高
SEB
高出0.6%
9.9%
自由现金流更多
AMZN
多$14.9B
$53.0M
两年增速更快
AMZN
近两年复合增速
4.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $2.4B |
| 净利润 | $21.2B | $255.0M |
| 毛利率 | 48.5% | 7.9% |
| 营业利润率 | 11.7% | 2.7% |
| 净利率 | 9.9% | 10.6% |
| 营收同比 | 13.6% | -2.9% |
| 净利润同比 | 5.9% | 63.5% |
| 每股收益（稀释后） | $1.95 | $262.58 |
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AMZNSEB
| Q4 25 | $213.4B | $2.4B | ||
| Q3 25 | $180.2B | $2.5B | ||
| Q2 25 | $167.7B | $2.5B | ||
| Q1 25 | $155.7B | $2.3B | ||
| Q4 24 | $187.8B | $2.5B | ||
| Q3 24 | $158.9B | $2.2B | ||
| Q2 24 | $148.0B | $2.2B | ||
| Q1 24 | $143.3B | $2.2B |
净利润AMZNSEB
| Q4 25 | $21.2B | $255.0M | ||
| Q3 25 | $21.2B | $110.0M | ||
| Q2 25 | $18.2B | $104.0M | ||
| Q1 25 | $17.1B | $32.0M | ||
| Q4 24 | $20.0B | $156.0M | ||
| Q3 24 | $15.3B | $-149.0M | ||
| Q2 24 | $13.5B | $61.0M | ||
| Q1 24 | $10.4B | $22.0M |
毛利率AMZNSEB
| Q4 25 | 48.5% | 7.9% | ||
| Q3 25 | 50.8% | 7.8% | ||
| Q2 25 | 51.8% | 6.5% | ||
| Q1 25 | 50.6% | 6.1% | ||
| Q4 24 | 47.3% | 9.0% | ||
| Q3 24 | 49.0% | 6.2% | ||
| Q2 24 | 50.1% | 5.8% | ||
| Q1 24 | 49.3% | 4.0% |
营业利润率AMZNSEB
| Q4 25 | 11.7% | 2.7% | ||
| Q3 25 | 9.7% | 3.3% | ||
| Q2 25 | 11.4% | 2.1% | ||
| Q1 25 | 11.8% | 1.6% | ||
| Q4 24 | 11.3% | 4.6% | ||
| Q3 24 | 11.0% | 1.4% | ||
| Q2 24 | 9.9% | 1.4% | ||
| Q1 24 | 10.7% | -0.9% |
净利率AMZNSEB
| Q4 25 | 9.9% | 10.6% | ||
| Q3 25 | 11.8% | 4.3% | ||
| Q2 25 | 10.8% | 4.2% | ||
| Q1 25 | 11.0% | 1.4% | ||
| Q4 24 | 10.7% | 6.3% | ||
| Q3 24 | 9.6% | -6.7% | ||
| Q2 24 | 9.1% | 2.8% | ||
| Q1 24 | 7.3% | 1.0% |
每股收益（稀释后）AMZNSEB
| Q4 25 | $1.95 | $262.58 | ||
| Q3 25 | $1.95 | $113.71 | ||
| Q2 25 | $1.68 | $105.22 | ||
| Q1 25 | $1.59 | $32.95 | ||
| Q4 24 | $1.86 | $158.58 | ||
| Q3 24 | $1.43 | $-153.44 | ||
| Q2 24 | $1.26 | $62.82 | ||
| Q1 24 | $0.98 | $22.66 |
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 | — |
| 股东权益账面价值 | $411.1B | $5.2B |
| 总资产 | $818.0B | $8.2B |
| 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AMZNSEB
| Q4 25 | $123.0B | $1.2B | ||
| Q3 25 | $94.2B | $1.2B | ||
| Q2 25 | $93.2B | $1.1B | ||
| Q1 25 | $94.6B | $1.1B | ||
| Q4 24 | $101.2B | $1.2B | ||
| Q3 24 | $88.1B | $1.2B | ||
| Q2 24 | $89.1B | $1.2B | ||
| Q1 24 | $85.1B | $1.2B |
总债务AMZNSEB
| 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AMZNSEB
| Q4 25 | $411.1B | $5.2B | ||
| Q3 25 | $369.6B | $5.0B | ||
| Q2 25 | $333.8B | $4.8B | ||
| Q1 25 | $305.9B | $4.7B | ||
| Q4 24 | $286.0B | $4.7B | ||
| Q3 24 | $259.2B | $4.5B | ||
| Q2 24 | $236.4B | $4.7B | ||
| Q1 24 | $216.7B | $4.6B |
总资产AMZNSEB
| Q4 25 | $818.0B | $8.2B | ||
| Q3 25 | $727.9B | $8.0B | ||
| Q2 25 | $682.2B | $7.9B | ||
| Q1 25 | $643.3B | $7.6B | ||
| Q4 24 | $624.9B | $7.7B | ||
| Q3 24 | $584.6B | $7.5B | ||
| Q2 24 | $554.8B | $7.7B | ||
| Q1 24 | $531.0B | $7.6B |
负债/权益比AMZNSEB
| 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 | $188.0M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $53.0M |
| 自由现金流率自由现金流/营收 | 7.0% | 2.2% |
| 资本支出强度资本支出/营收 | 18.5% | 5.6% |
| 现金转化率经营现金流/净利润 | 2.57× | 0.74× |
| 过去12个月自由现金流最近4个季度 | $7.7B | $6.0M |
8季度趋势，按日历期对齐
经营现金流AMZNSEB
| Q4 25 | $54.5B | $188.0M | ||
| Q3 25 | $35.5B | $319.0M | ||
| Q2 25 | $32.5B | $81.0M | ||
| Q1 25 | $17.0B | $-20.0M | ||
| Q4 24 | $45.6B | $300.0M | ||
| Q3 24 | $26.0B | $194.0M | ||
| Q2 24 | $25.3B | $6.0M | ||
| Q1 24 | $19.0B | $19.0M |
自由现金流AMZNSEB
| Q4 25 | $14.9B | $53.0M | ||
| Q3 25 | $430.0M | $152.0M | ||
| Q2 25 | $332.0M | $-70.0M | ||
| Q1 25 | $-8.0B | $-129.0M | ||
| Q4 24 | $17.8B | $162.0M | ||
| Q3 24 | $3.4B | $58.0M | ||
| Q2 24 | $7.7B | $-127.0M | ||
| Q1 24 | $4.1B | $-85.0M |
自由现金流率AMZNSEB
| Q4 25 | 7.0% | 2.2% | ||
| Q3 25 | 0.2% | 6.0% | ||
| Q2 25 | 0.2% | -2.8% | ||
| Q1 25 | -5.1% | -5.6% | ||
| Q4 24 | 9.5% | 6.5% | ||
| Q3 24 | 2.1% | 2.6% | ||
| Q2 24 | 5.2% | -5.7% | ||
| Q1 24 | 2.8% | -3.9% |
资本支出强度AMZNSEB
| Q4 25 | 18.5% | 5.6% | ||
| Q3 25 | 19.5% | 6.6% | ||
| Q2 25 | 19.2% | 6.1% | ||
| Q1 25 | 16.1% | 4.7% | ||
| Q4 24 | 14.8% | 5.6% | ||
| Q3 24 | 14.2% | 6.1% | ||
| Q2 24 | 11.9% | 6.0% | ||
| Q1 24 | 10.4% | 4.7% |
现金转化率AMZNSEB
| Q4 25 | 2.57× | 0.74× | ||
| Q3 25 | 1.68× | 2.90× | ||
| Q2 25 | 1.79× | 0.78× | ||
| Q1 25 | 0.99× | -0.63× | ||
| Q4 24 | 2.28× | 1.92× | ||
| Q3 24 | 1.69× | — | ||
| Q2 24 | 1.87× | 0.10× | ||
| Q1 24 | 1.82× | 0.86× |
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% |
SEB
| Commodity Trading And Milling | $1.3B | 52% |
| Pork Segment | $469.0M | 19% |
| Marine | $444.0M | 18% |
| Other | $108.0M | 4% |
| Energy Service | $56.0M | 2% |
| Product And Service Other Services | $15.0M | 1% |
| Transportation | $6.0M | 0% |
