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亚马逊（AMZN）与Travel & Leisure Co.（TNL）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Travel & Leisure Co.的222.0倍（$213.4B vs $961.0M）。亚马逊净利率更高（9.9% vs 8.2%，领先1.7%）。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 $0）。过去两年亚马逊的营收复合增速更高（22.0% vs -1.2%）
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。
Travel + Leisure Co.是一家总部位于美国佛罗里达州奥兰多的分时度假企业，旗下运营温德姆俱乐部、温德姆WorldMark、玛格丽塔维尔度假俱乐部、雅高度假俱乐部等多个度假所有权品牌，开发、销售并管理分时度假物业，同时主要通过RCI提供分时度假交换服务，还运营Travel + Leisure GO等旅行俱乐部。
AMZN vs TNL — 直观对比
营收规模更大
AMZN
是对方的222.0倍
$961.0M
营收增速更快
AMZN
高出10.7%
2.9%
净利率更高
AMZN
高出1.7%
8.2%
自由现金流更多
AMZN
多$14.9B
$0
两年增速更快
AMZN
近两年复合增速
-1.2%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $961.0M |
| 净利润 | $21.2B | $79.0M |
| 毛利率 | 48.5% | — |
| 营业利润率 | 11.7% | 16.5% |
| 净利率 | 9.9% | 8.2% |
| 营收同比 | 13.6% | 2.9% |
| 净利润同比 | 5.9% | 8.2% |
| 每股收益（稀释后） | $1.95 | $1.22 |
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AMZNTNL
| Q1 26 | — | $961.0M | ||
| Q4 25 | $213.4B | $1.0B | ||
| Q3 25 | $180.2B | $1.0B | ||
| Q2 25 | $167.7B | $1.0B | ||
| Q1 25 | $155.7B | $934.0M | ||
| Q4 24 | $187.8B | $970.0M | ||
| Q3 24 | $158.9B | $993.0M | ||
| Q2 24 | $148.0B | $985.0M |
净利润AMZNTNL
| Q1 26 | — | $79.0M | ||
| Q4 25 | $21.2B | $-62.0M | ||
| Q3 25 | $21.2B | $111.0M | ||
| Q2 25 | $18.2B | $108.0M | ||
| Q1 25 | $17.1B | $73.0M | ||
| Q4 24 | $20.0B | $119.0M | ||
| Q3 24 | $15.3B | $97.0M | ||
| Q2 24 | $13.5B | $129.0M |
毛利率AMZNTNL
| Q1 26 | — | — | ||
| Q4 25 | 48.5% | 78.9% | ||
| Q3 25 | 50.8% | 98.8% | ||
| Q2 25 | 51.8% | 97.9% | ||
| Q1 25 | 50.6% | 97.5% | ||
| Q4 24 | 47.3% | 99.0% | ||
| Q3 24 | 49.0% | 97.3% | ||
| Q2 24 | 50.1% | 97.9% |
营业利润率AMZNTNL
| Q1 26 | — | 16.5% | ||
| Q4 25 | 11.7% | -2.2% | ||
| Q3 25 | 9.7% | 20.5% | ||
| Q2 25 | 11.4% | 20.2% | ||
| Q1 25 | 11.8% | 16.7% | ||
| Q4 24 | 11.3% | 21.1% | ||
| Q3 24 | 11.0% | 19.0% | ||
| Q2 24 | 9.9% | 19.2% |
净利率AMZNTNL
| Q1 26 | — | 8.2% | ||
| Q4 25 | 9.9% | -6.0% | ||
| Q3 25 | 11.8% | 10.6% | ||
| Q2 25 | 10.8% | 10.6% | ||
| Q1 25 | 11.0% | 7.8% | ||
| Q4 24 | 10.7% | 12.3% | ||
| Q3 24 | 9.6% | 9.8% | ||
| Q2 24 | 9.1% | 13.1% |
每股收益（稀释后）AMZNTNL
| Q1 26 | — | $1.22 | ||
| Q4 25 | $1.95 | $-0.92 | ||
| Q3 25 | $1.95 | $1.67 | ||
| Q2 25 | $1.68 | $1.62 | ||
| Q1 25 | $1.59 | $1.07 | ||
| Q4 24 | $1.86 | $1.70 | ||
| Q3 24 | $1.43 | $1.39 | ||
| Q2 24 | $1.26 | $1.81 |
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 | $254.0M |
| 总债务越低越好 | $68.8B | — |
| 股东权益账面价值 | $411.1B | — |
| 总资产 | $818.0B | $6.8B |
| 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AMZNTNL
| Q1 26 | — | $254.0M | ||
| Q4 25 | $123.0B | $271.0M | ||
| Q3 25 | $94.2B | $240.0M | ||
| Q2 25 | $93.2B | $212.0M | ||
| Q1 25 | $94.6B | $188.0M | ||
| Q4 24 | $101.2B | $185.0M | ||
| Q3 24 | $88.1B | $194.0M | ||
| Q2 24 | $89.1B | $166.0M |
总债务AMZNTNL
| Q1 26 | — | — | ||
| Q4 25 | $68.8B | $5.6B | ||
| Q3 25 | $55.1B | $5.6B | ||
| Q2 25 | $56.1B | $5.6B | ||
| Q1 25 | $58.8B | $5.7B | ||
| Q4 24 | $58.0B | $5.6B | ||
| Q3 24 | $60.5B | $5.6B | ||
| Q2 24 | $62.7B | $5.6B |
股东权益AMZNTNL
| Q1 26 | — | — | ||
| Q4 25 | $411.1B | $-981.0M | ||
| Q3 25 | $369.6B | $-821.0M | ||
| Q2 25 | $333.8B | $-852.0M | ||
| Q1 25 | $305.9B | $-903.0M | ||
| Q4 24 | $286.0B | $-881.0M | ||
| Q3 24 | $259.2B | $-862.0M | ||
| Q2 24 | $236.4B | $-885.0M |
总资产AMZNTNL
| Q1 26 | — | $6.8B | ||
| Q4 25 | $818.0B | $6.8B | ||
| Q3 25 | $727.9B | $6.9B | ||
| Q2 25 | $682.2B | $6.8B | ||
| Q1 25 | $643.3B | $6.8B | ||
| Q4 24 | $624.9B | $6.7B | ||
| Q3 24 | $584.6B | $6.7B | ||
| Q2 24 | $554.8B | $6.7B |
负债/权益比AMZNTNL
| Q1 26 | — | — | ||
| 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× | — |
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 | $38.0M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $0 |
| 自由现金流率自由现金流/营收 | 7.0% | 0.0% |
| 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× | 0.48× |
| 过去12个月自由现金流最近4个季度 | $7.7B | $423.0M |
8季度趋势，按日历期对齐
经营现金流AMZNTNL
| Q1 26 | — | $38.0M | ||
| Q4 25 | $54.5B | $124.0M | ||
| Q3 25 | $35.5B | $163.0M | ||
| Q2 25 | $32.5B | $232.0M | ||
| Q1 25 | $17.0B | $121.0M | ||
| Q4 24 | $45.6B | $98.0M | ||
| Q3 24 | $26.0B | $145.0M | ||
| Q2 24 | $25.3B | $174.0M |
自由现金流AMZNTNL
| Q1 26 | — | $0 | ||
| Q4 25 | $14.9B | $92.0M | ||
| Q3 25 | $430.0M | $136.0M | ||
| Q2 25 | $332.0M | $195.0M | ||
| Q1 25 | $-8.0B | $100.0M | ||
| Q4 24 | $17.8B | $75.0M | ||
| Q3 24 | $3.4B | $125.0M | ||
| Q2 24 | $7.7B | $153.0M |
自由现金流率AMZNTNL
| Q1 26 | — | 0.0% | ||
| Q4 25 | 7.0% | 9.0% | ||
| Q3 25 | 0.2% | 13.0% | ||
| Q2 25 | 0.2% | 19.2% | ||
| Q1 25 | -5.1% | 10.7% | ||
| Q4 24 | 9.5% | 7.7% | ||
| Q3 24 | 2.1% | 12.6% | ||
| Q2 24 | 5.2% | 15.5% |
资本支出强度AMZNTNL
| Q1 26 | — | — | ||
| Q4 25 | 18.5% | 3.1% | ||
| Q3 25 | 19.5% | 2.6% | ||
| Q2 25 | 19.2% | 3.6% | ||
| Q1 25 | 16.1% | 2.2% | ||
| Q4 24 | 14.8% | 2.4% | ||
| Q3 24 | 14.2% | 2.0% | ||
| Q2 24 | 11.9% | 2.1% |
现金转化率AMZNTNL
| Q1 26 | — | 0.48× | ||
| Q4 25 | 2.57× | — | ||
| Q3 25 | 1.68× | 1.47× | ||
| Q2 25 | 1.79× | 2.15× | ||
| Q1 25 | 0.99× | 1.66× | ||
| Q4 24 | 2.28× | 0.82× | ||
| Q3 24 | 1.69× | 1.49× | ||
| Q2 24 | 1.87× | 1.35× |
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% |
TNL
| Other | $452.0M | 47% |
| Service and membership fees | $396.0M | 41% |
| Consumer financing | $113.0M | 12% |
