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亚马逊（AMZN）与US Foods Holding Corp.（USFD）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US Foods Holding Corp.的21.8倍（$213.4B vs $9.8B）。亚马逊净利率更高（9.9% vs 1.9%，领先8.1%）。亚马逊同比增速更快（13.6% vs 3.3%）。亚马逊自由现金流更多（$14.9B vs $159.0M）。过去两年亚马逊的营收复合增速更高（22.0% vs 4.6%）
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。
US Foods Holding Corp.是美国第二大食品服务分销商，规模仅次于Sysco。公司服务覆盖独立餐厅、连锁餐饮、医疗保健、酒店、教育机构等共计25万个场点，为各类客户提供食品配送及相关供应链服务，业务覆盖场景十分多元。
AMZN vs USFD — 直观对比
营收规模更大
AMZN
是对方的21.8倍
$9.8B
营收增速更快
AMZN
高出10.4%
3.3%
净利率更高
AMZN
高出8.1%
1.9%
自由现金流更多
AMZN
多$14.8B
$159.0M
两年增速更快
AMZN
近两年复合增速
4.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $9.8B |
| 净利润 | $21.2B | $184.0M |
| 毛利率 | 48.5% | 17.6% |
| 营业利润率 | 11.7% | 3.3% |
| 净利率 | 9.9% | 1.9% |
| 营收同比 | 13.6% | 3.3% |
| 净利润同比 | 5.9% | 178.8% |
| 每股收益（稀释后） | $1.95 | $0.82 |
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AMZNUSFD
| Q4 25 | $213.4B | $9.8B | ||
| Q3 25 | $180.2B | $10.2B | ||
| Q2 25 | $167.7B | $10.1B | ||
| Q1 25 | $155.7B | $9.4B | ||
| Q4 24 | $187.8B | $9.5B | ||
| Q3 24 | $158.9B | $9.7B | ||
| Q2 24 | $148.0B | $9.7B | ||
| Q1 24 | $143.3B | $8.9B |
净利润AMZNUSFD
| Q4 25 | $21.2B | $184.0M | ||
| Q3 25 | $21.2B | $153.0M | ||
| Q2 25 | $18.2B | $224.0M | ||
| Q1 25 | $17.1B | $115.0M | ||
| Q4 24 | $20.0B | $66.0M | ||
| Q3 24 | $15.3B | $148.0M | ||
| Q2 24 | $13.5B | $198.0M | ||
| Q1 24 | $10.4B | $82.0M |
毛利率AMZNUSFD
| Q4 25 | 48.5% | 17.6% | ||
| Q3 25 | 50.8% | 17.2% | ||
| Q2 25 | 51.8% | 17.6% | ||
| Q1 25 | 50.6% | 17.3% | ||
| Q4 24 | 47.3% | 17.6% | ||
| Q3 24 | 49.0% | 17.1% | ||
| Q2 24 | 50.1% | 17.6% | ||
| Q1 24 | 49.3% | 16.7% |
营业利润率AMZNUSFD
| Q4 25 | 11.7% | 3.3% | ||
| Q3 25 | 9.7% | 2.8% | ||
| Q2 25 | 11.4% | 3.7% | ||
| Q1 25 | 11.8% | 2.4% | ||
| Q4 24 | 11.3% | 3.2% | ||
| Q3 24 | 11.0% | 2.9% | ||
| Q2 24 | 9.9% | 3.6% | ||
| Q1 24 | 10.7% | 1.8% |
净利率AMZNUSFD
| Q4 25 | 9.9% | 1.9% | ||
| Q3 25 | 11.8% | 1.5% | ||
| Q2 25 | 10.8% | 2.2% | ||
| Q1 25 | 11.0% | 1.2% | ||
| Q4 24 | 10.7% | 0.7% | ||
| Q3 24 | 9.6% | 1.5% | ||
| Q2 24 | 9.1% | 2.0% | ||
| Q1 24 | 7.3% | 0.9% |
每股收益（稀释后）AMZNUSFD
| Q4 25 | $1.95 | $0.82 | ||
| Q3 25 | $1.95 | $0.67 | ||
| Q2 25 | $1.68 | $0.96 | ||
| Q1 25 | $1.59 | $0.49 | ||
| Q4 24 | $1.86 | $0.28 | ||
| Q3 24 | $1.43 | $0.61 | ||
| Q2 24 | $1.26 | $0.80 | ||
| Q1 24 | $0.98 | $0.33 |
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 | $41.0M |
| 总债务越低越好 | $68.8B | $5.1B |
| 股东权益账面价值 | $411.1B | $4.3B |
| 总资产 | $818.0B | $13.9B |
| 负债/权益比越低杠杆越低 | 0.17× | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资AMZNUSFD
| Q4 25 | $123.0B | $41.0M | ||
| Q3 25 | $94.2B | $56.0M | ||
| Q2 25 | $93.2B | $61.0M | ||
| Q1 25 | $94.6B | $101.0M | ||
| Q4 24 | $101.2B | $59.0M | ||
| Q3 24 | $88.1B | $81.0M | ||
| Q2 24 | $89.1B | $405.0M | ||
| Q1 24 | $85.1B | $267.0M |
总债务AMZNUSFD
| Q4 25 | $68.8B | $5.1B | ||
| Q3 25 | $55.1B | $4.8B | ||
| Q2 25 | $56.1B | $4.7B | ||
| Q1 25 | $58.8B | $4.7B | ||
| Q4 24 | $58.0B | $4.8B | ||
| Q3 24 | $60.5B | $4.7B | ||
| Q2 24 | $62.7B | $4.6B | ||
| Q1 24 | $66.9B | $4.6B |
股东权益AMZNUSFD
| Q4 25 | $411.1B | $4.3B | ||
| Q3 25 | $369.6B | $4.5B | ||
| Q2 25 | $333.8B | $4.6B | ||
| Q1 25 | $305.9B | $4.6B | ||
| Q4 24 | $286.0B | $4.5B | ||
| Q3 24 | $259.2B | $4.6B | ||
| Q2 24 | $236.4B | $5.0B | ||
| Q1 24 | $216.7B | $4.8B |
总资产AMZNUSFD
| Q4 25 | $818.0B | $13.9B | ||
| Q3 25 | $727.9B | $14.0B | ||
| Q2 25 | $682.2B | $13.8B | ||
| Q1 25 | $643.3B | $13.7B | ||
| Q4 24 | $624.9B | $13.4B | ||
| Q3 24 | $584.6B | $13.5B | ||
| Q2 24 | $554.8B | $13.7B | ||
| Q1 24 | $531.0B | $13.4B |
负债/权益比AMZNUSFD
| Q4 25 | 0.17× | 1.18× | ||
| Q3 25 | 0.15× | 1.08× | ||
| Q2 25 | 0.17× | 1.02× | ||
| Q1 25 | 0.19× | 1.02× | ||
| Q4 24 | 0.20× | 1.06× | ||
| Q3 24 | 0.23× | 1.01× | ||
| Q2 24 | 0.27× | 0.92× | ||
| Q1 24 | 0.31× | 0.95× |
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 | $293.0M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $159.0M |
| 自由现金流率自由现金流/营收 | 7.0% | 1.6% |
| 资本支出强度资本支出/营收 | 18.5% | 1.4% |
| 现金转化率经营现金流/净利润 | 2.57× | 1.59× |
| 过去12个月自由现金流最近4个季度 | $7.7B | $959.0M |
8季度趋势，按日历期对齐
经营现金流AMZNUSFD
| Q4 25 | $54.5B | $293.0M | ||
| Q3 25 | $35.5B | $351.0M | ||
| Q2 25 | $32.5B | $334.0M | ||
| Q1 25 | $17.0B | $391.0M | ||
| Q4 24 | $45.6B | $283.0M | ||
| Q3 24 | $26.0B | $270.0M | ||
| Q2 24 | $25.3B | $482.0M | ||
| Q1 24 | $19.0B | $139.0M |
自由现金流AMZNUSFD
| Q4 25 | $14.9B | $159.0M | ||
| Q3 25 | $430.0M | $236.0M | ||
| Q2 25 | $332.0M | $257.0M | ||
| Q1 25 | $-8.0B | $307.0M | ||
| Q4 24 | $17.8B | $178.0M | ||
| Q3 24 | $3.4B | $190.0M | ||
| Q2 24 | $7.7B | $413.0M | ||
| Q1 24 | $4.1B | $52.0M |
自由现金流率AMZNUSFD
| Q4 25 | 7.0% | 1.6% | ||
| Q3 25 | 0.2% | 2.3% | ||
| Q2 25 | 0.2% | 2.5% | ||
| Q1 25 | -5.1% | 3.3% | ||
| Q4 24 | 9.5% | 1.9% | ||
| Q3 24 | 2.1% | 2.0% | ||
| Q2 24 | 5.2% | 4.3% | ||
| Q1 24 | 2.8% | 0.6% |
资本支出强度AMZNUSFD
| Q4 25 | 18.5% | 1.4% | ||
| Q3 25 | 19.5% | 1.1% | ||
| Q2 25 | 19.2% | 0.8% | ||
| Q1 25 | 16.1% | 0.9% | ||
| Q4 24 | 14.8% | 1.1% | ||
| Q3 24 | 14.2% | 0.8% | ||
| Q2 24 | 11.9% | 0.7% | ||
| Q1 24 | 10.4% | 1.0% |
现金转化率AMZNUSFD
| Q4 25 | 2.57× | 1.59× | ||
| Q3 25 | 1.68× | 2.29× | ||
| Q2 25 | 1.79× | 1.49× | ||
| Q1 25 | 0.99× | 3.40× | ||
| Q4 24 | 2.28× | 4.29× | ||
| Q3 24 | 1.69× | 1.82× | ||
| Q2 24 | 1.87× | 2.43× | ||
| Q1 24 | 1.82× | 1.70× |
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% |
USFD
| Product One | $3.5B | 36% |
| Product Two | $1.7B | 17% |
| Product Three | $1.7B | 17% |
| Product Four | $985.0M | 10% |
| Product Five | $901.0M | 9% |
| Product Six | $580.0M | 6% |
| Product Seven | $485.0M | 5% |
