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亚马逊（AMZN）与Target Hospitality Corp.（TH）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Target Hospitality Corp.的2904.6倍（$213.4B vs $73.5M）。亚马逊净利率更高（9.9% vs -20.3%，领先30.3%）。Target Hospitality Corp.同比增速更快（22.0% vs 13.6%）。过去两年亚马逊的营收复合增速更高（22.0% vs 0.7%）
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。
Target Hospitality是一家专业住宿服务提供商，主营石油、天然气及矿业项目用工住宿，也提供大型活动、灾后救援所需的临时模块化住宿，总部位于得克萨斯州伍德兰兹，同时在北达科他州威利斯顿、科罗拉多州丹佛以及阿尔伯塔省卡尔加里设有办事处。
AMZN vs TH — 直观对比
营收规模更大
AMZN
是对方的2904.6倍
$73.5M
营收增速更快
TH
高出8.4%
13.6%
净利率更高
AMZN
高出30.3%
-20.3%
两年增速更快
AMZN
近两年复合增速
0.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $73.5M |
| 净利润 | $21.2B | $-14.9M |
| 毛利率 | 48.5% | 9.6% |
| 营业利润率 | 11.7% | -22.9% |
| 净利率 | 9.9% | -20.3% |
| 营收同比 | 13.6% | 22.0% |
| 净利润同比 | 5.9% | -219.1% |
| 每股收益（稀释后） | $1.95 | $-0.14 |
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AMZNTH
| Q4 25 | $213.4B | $73.5M | ||
| Q3 25 | $180.2B | $91.6M | ||
| Q2 25 | $167.7B | $54.9M | ||
| Q1 25 | $155.7B | $54.9M | ||
| Q4 24 | $187.8B | $60.2M | ||
| Q3 24 | $158.9B | $65.8M | ||
| Q2 24 | $148.0B | $67.5M | ||
| Q1 24 | $143.3B | $72.4M |
净利润AMZNTH
| Q4 25 | $21.2B | $-14.9M | ||
| Q3 25 | $21.2B | $-795.0K | ||
| Q2 25 | $18.2B | $-14.9M | ||
| Q1 25 | $17.1B | $-6.5M | ||
| Q4 24 | $20.0B | $12.5M | ||
| Q3 24 | $15.3B | $20.0M | ||
| Q2 24 | $13.5B | $18.4M | ||
| Q1 24 | $10.4B | $20.4M |
毛利率AMZNTH
| Q4 25 | 48.5% | 9.6% | ||
| Q3 25 | 50.8% | 19.6% | ||
| Q2 25 | 51.8% | -0.6% | ||
| Q1 25 | 50.6% | 32.7% | ||
| Q4 24 | 47.3% | 61.5% | ||
| Q3 24 | 49.0% | 68.7% | ||
| Q2 24 | 50.1% | 69.4% | ||
| Q1 24 | 49.3% | 67.8% |
营业利润率AMZNTH
| Q4 25 | 11.7% | -22.9% | ||
| Q3 25 | 9.7% | 0.1% | ||
| Q2 25 | 11.4% | -30.8% | ||
| Q1 25 | 11.8% | -2.0% | ||
| Q4 24 | 11.3% | 34.5% | ||
| Q3 24 | 11.0% | 42.5% | ||
| Q2 24 | 9.9% | 43.8% | ||
| Q1 24 | 10.7% | 42.0% |
净利率AMZNTH
| Q4 25 | 9.9% | -20.3% | ||
| Q3 25 | 11.8% | -0.9% | ||
| Q2 25 | 10.8% | -27.2% | ||
| Q1 25 | 11.0% | -11.8% | ||
| Q4 24 | 10.7% | 20.8% | ||
| Q3 24 | 9.6% | 30.4% | ||
| Q2 24 | 9.1% | 27.2% | ||
| Q1 24 | 7.3% | 28.2% |
每股收益（稀释后）AMZNTH
| Q4 25 | $1.95 | $-0.14 | ||
| Q3 25 | $1.95 | $-0.01 | ||
| Q2 25 | $1.68 | $-0.15 | ||
| Q1 25 | $1.59 | $-0.07 | ||
| Q4 24 | $1.86 | $0.12 | ||
| Q3 24 | $1.43 | $0.20 | ||
| Q2 24 | $1.26 | $0.18 | ||
| Q1 24 | $0.98 | $0.20 |
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 | $8.3M |
| 总债务越低越好 | $68.8B | $1.7M |
| 股东权益账面价值 | $411.1B | $389.3M |
| 总资产 | $818.0B | $530.2M |
| 负债/权益比越低杠杆越低 | 0.17× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资AMZNTH
| Q4 25 | $123.0B | $8.3M | ||
| Q3 25 | $94.2B | $30.4M | ||
| Q2 25 | $93.2B | $19.2M | ||
| Q1 25 | $94.6B | $34.5M | ||
| Q4 24 | $101.2B | $190.7M | ||
| Q3 24 | $88.1B | $177.7M | ||
| Q2 24 | $89.1B | $154.3M | ||
| Q1 24 | $85.1B | $124.3M |
总债务AMZNTH
| Q4 25 | $68.8B | $1.7M | ||
| Q3 25 | $55.1B | $2.0M | ||
| Q2 25 | $56.1B | $26.3M | ||
| Q1 25 | $58.8B | $42.9M | ||
| Q4 24 | $58.0B | $1.5M | ||
| Q3 24 | $60.5B | $994.0K | ||
| Q2 24 | $62.7B | $1.1M | ||
| Q1 24 | $66.9B | $179.9M |
股东权益AMZNTH
| Q4 25 | $411.1B | $389.3M | ||
| Q3 25 | $369.6B | $402.4M | ||
| Q2 25 | $333.8B | $401.3M | ||
| Q1 25 | $305.9B | $415.3M | ||
| Q4 24 | $286.0B | $421.1M | ||
| Q3 24 | $259.2B | $417.6M | ||
| Q2 24 | $236.4B | $397.2M | ||
| Q1 24 | $216.7B | $375.5M |
总资产AMZNTH
| Q4 25 | $818.0B | $530.2M | ||
| Q3 25 | $727.9B | $541.2M | ||
| Q2 25 | $682.2B | $533.7M | ||
| Q1 25 | $643.3B | $562.5M | ||
| Q4 24 | $624.9B | $725.8M | ||
| Q3 24 | $584.6B | $709.8M | ||
| Q2 24 | $554.8B | $697.0M | ||
| Q1 24 | $531.0B | $687.2M |
负债/权益比AMZNTH
| Q4 25 | 0.17× | 0.00× | ||
| Q3 25 | 0.15× | 0.01× | ||
| Q2 25 | 0.17× | 0.07× | ||
| Q1 25 | 0.19× | 0.10× | ||
| Q4 24 | 0.20× | 0.00× | ||
| Q3 24 | 0.23× | 0.00× | ||
| Q2 24 | 0.27× | 0.00× | ||
| Q1 24 | 0.31× | 0.48× |
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 | $5.7M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | — |
| 自由现金流率自由现金流/营收 | 7.0% | — |
| 资本支出强度资本支出/营收 | 18.5% | — |
| 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AMZNTH
| Q4 25 | $54.5B | $5.7M | ||
| Q3 25 | $35.5B | $53.4M | ||
| Q2 25 | $32.5B | $11.1M | ||
| Q1 25 | $17.0B | $3.9M | ||
| Q4 24 | $45.6B | $30.6M | ||
| Q3 24 | $26.0B | $31.4M | ||
| Q2 24 | $25.3B | $39.1M | ||
| Q1 24 | $19.0B | $50.6M |
自由现金流AMZNTH
| Q4 25 | $14.9B | — | ||
| Q3 25 | $430.0M | — | ||
| Q2 25 | $332.0M | — | ||
| Q1 25 | $-8.0B | $-11.6M | ||
| Q4 24 | $17.8B | — | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $7.7B | — | ||
| Q1 24 | $4.1B | — |
自由现金流率AMZNTH
| Q4 25 | 7.0% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | -5.1% | -21.1% | ||
| Q4 24 | 9.5% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | 2.8% | — |
资本支出强度AMZNTH
| Q4 25 | 18.5% | — | ||
| Q3 25 | 19.5% | — | ||
| Q2 25 | 19.2% | — | ||
| Q1 25 | 16.1% | 28.2% | ||
| Q4 24 | 14.8% | — | ||
| Q3 24 | 14.2% | — | ||
| Q2 24 | 11.9% | — | ||
| Q1 24 | 10.4% | — |
现金转化率AMZNTH
| Q4 25 | 2.57× | — | ||
| Q3 25 | 1.68× | — | ||
| Q2 25 | 1.79× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | 2.28× | 2.44× | ||
| Q3 24 | 1.69× | 1.57× | ||
| Q2 24 | 1.87× | 2.13× | ||
| Q1 24 | 1.82× | 2.48× |
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% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
