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亚马逊（AMZN）与Wendy's Co（WEN）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Wendy's Co的393.0倍（$213.4B vs $543.0M）。亚马逊净利率更高（9.9% vs 4.9%，领先5.1%）。亚马逊同比增速更快（13.6% vs -5.5%）。亚马逊自由现金流更多（$14.9B vs $31.4M）。过去两年亚马逊的营收复合增速更高（22.0% vs 0.8%）
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。
温蒂公司是美国知名快餐企业，是温蒂汉堡及First Kitchen的母公司，前身为Deisel-Wemmer公司，总部位于俄亥俄州都柏林。旗下核心子公司温蒂国际是温蒂汉堡餐厅的特许经营授权方，在全球快餐市场拥有较高的品牌辨识度。
AMZN vs WEN — 直观对比
营收规模更大
AMZN
是对方的393.0倍
$543.0M
营收增速更快
AMZN
高出19.1%
-5.5%
净利率更高
AMZN
高出5.1%
4.9%
自由现金流更多
AMZN
多$14.9B
$31.4M
两年增速更快
AMZN
近两年复合增速
0.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $543.0M |
| 净利润 | $21.2B | $26.5M |
| 毛利率 | 48.5% | 62.7% |
| 营业利润率 | 11.7% | 11.8% |
| 净利率 | 9.9% | 4.9% |
| 营收同比 | 13.6% | -5.5% |
| 净利润同比 | 5.9% | -44.2% |
| 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AMZNWEN
| Q4 25 | $213.4B | $543.0M | ||
| Q3 25 | $180.2B | $549.5M | ||
| Q2 25 | $167.7B | $560.9M | ||
| Q1 25 | $155.7B | $523.5M | ||
| Q4 24 | $187.8B | $574.3M | ||
| Q3 24 | $158.9B | $566.7M | ||
| Q2 24 | $148.0B | $570.7M | ||
| Q1 24 | $143.3B | $534.8M |
净利润AMZNWEN
| Q4 25 | $21.2B | $26.5M | ||
| Q3 25 | $21.2B | $44.3M | ||
| Q2 25 | $18.2B | $55.1M | ||
| Q1 25 | $17.1B | $39.2M | ||
| Q4 24 | $20.0B | $47.5M | ||
| Q3 24 | $15.3B | $50.2M | ||
| Q2 24 | $13.5B | $54.6M | ||
| Q1 24 | $10.4B | $42.0M |
毛利率AMZNWEN
| Q4 25 | 48.5% | 62.7% | ||
| Q3 25 | 50.8% | 62.8% | ||
| Q2 25 | 51.8% | 65.0% | ||
| Q1 25 | 50.6% | 64.1% | ||
| Q4 24 | 47.3% | 65.9% | ||
| Q3 24 | 49.0% | 65.5% | ||
| Q2 24 | 50.1% | 65.0% | ||
| Q1 24 | 49.3% | 64.1% |
营业利润率AMZNWEN
| Q4 25 | 11.7% | 11.8% | ||
| Q3 25 | 9.7% | 16.8% | ||
| Q2 25 | 11.4% | 18.6% | ||
| Q1 25 | 11.8% | 15.9% | ||
| Q4 24 | 11.3% | 16.7% | ||
| Q3 24 | 11.0% | 16.7% | ||
| Q2 24 | 9.9% | 17.4% | ||
| Q1 24 | 10.7% | 15.2% |
净利率AMZNWEN
| Q4 25 | 9.9% | 4.9% | ||
| Q3 25 | 11.8% | 8.1% | ||
| Q2 25 | 10.8% | 9.8% | ||
| Q1 25 | 11.0% | 7.5% | ||
| Q4 24 | 10.7% | 8.3% | ||
| Q3 24 | 9.6% | 8.9% | ||
| Q2 24 | 9.1% | 9.6% | ||
| Q1 24 | 7.3% | 7.9% |
每股收益（稀释后）AMZNWEN
| Q4 25 | $1.95 | $0.14 | ||
| Q3 25 | $1.95 | $0.23 | ||
| Q2 25 | $1.68 | $0.29 | ||
| Q1 25 | $1.59 | $0.19 | ||
| Q4 24 | $1.86 | $0.23 | ||
| Q3 24 | $1.43 | $0.25 | ||
| Q2 24 | $1.26 | $0.27 | ||
| 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 | $300.8M |
| 总债务越低越好 | $68.8B | $2.8B |
| 股东权益账面价值 | $411.1B | $117.4M |
| 总资产 | $818.0B | $5.0B |
| 负债/权益比越低杠杆越低 | 0.17× | 23.51× |
8季度趋势，按日历期对齐
现金及短期投资AMZNWEN
| Q4 25 | $123.0B | $300.8M | ||
| Q3 25 | $94.2B | $291.4M | ||
| Q2 25 | $93.2B | $281.2M | ||
| Q1 25 | $94.6B | $335.3M | ||
| Q4 24 | $101.2B | $450.5M | ||
| Q3 24 | $88.1B | $482.2M | ||
| Q2 24 | $89.1B | $465.5M | ||
| Q1 24 | $85.1B | $498.3M |
总债务AMZNWEN
| Q4 25 | $68.8B | $2.8B | ||
| Q3 25 | $55.1B | $2.7B | ||
| Q2 25 | $56.1B | $2.7B | ||
| Q1 25 | $58.8B | $2.7B | ||
| Q4 24 | $58.0B | $2.7B | ||
| Q3 24 | $60.5B | — | ||
| Q2 24 | $62.7B | — | ||
| Q1 24 | $66.9B | — |
股东权益AMZNWEN
| Q4 25 | $411.1B | $117.4M | ||
| Q3 25 | $369.6B | $109.2M | ||
| Q2 25 | $333.8B | $112.9M | ||
| Q1 25 | $305.9B | $130.2M | ||
| Q4 24 | $286.0B | $259.4M | ||
| Q3 24 | $259.2B | $259.9M | ||
| Q2 24 | $236.4B | $273.8M | ||
| Q1 24 | $216.7B | $293.7M |
总资产AMZNWEN
| Q4 25 | $818.0B | $5.0B | ||
| Q3 25 | $727.9B | $5.0B | ||
| Q2 25 | $682.2B | $4.9B | ||
| Q1 25 | $643.3B | $4.9B | ||
| Q4 24 | $624.9B | $5.0B | ||
| Q3 24 | $584.6B | $5.1B | ||
| Q2 24 | $554.8B | $5.1B | ||
| Q1 24 | $531.0B | $5.2B |
负债/权益比AMZNWEN
| Q4 25 | 0.17× | 23.51× | ||
| Q3 25 | 0.15× | 24.95× | ||
| Q2 25 | 0.17× | 24.18× | ||
| Q1 25 | 0.19× | 21.00× | ||
| Q4 24 | 0.20× | 10.57× | ||
| 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 | $69.3M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $31.4M |
| 自由现金流率自由现金流/营收 | 7.0% | 5.8% |
| 资本支出强度资本支出/营收 | 18.5% | 7.0% |
| 现金转化率经营现金流/净利润 | 2.57× | 2.62× |
| 过去12个月自由现金流最近4个季度 | $7.7B | $242.6M |
8季度趋势，按日历期对齐
经营现金流AMZNWEN
| Q4 25 | $54.5B | $69.3M | ||
| Q3 25 | $35.5B | $129.3M | ||
| Q2 25 | $32.5B | $60.6M | ||
| Q1 25 | $17.0B | $85.4M | ||
| Q4 24 | $45.6B | $68.6M | ||
| Q3 24 | $26.0B | $141.2M | ||
| Q2 24 | $25.3B | $45.5M | ||
| Q1 24 | $19.0B | $100.0M |
自由现金流AMZNWEN
| Q4 25 | $14.9B | $31.4M | ||
| Q3 25 | $430.0M | $104.3M | ||
| Q2 25 | $332.0M | $39.2M | ||
| Q1 25 | $-8.0B | $67.7M | ||
| Q4 24 | $17.8B | $26.6M | ||
| Q3 24 | $3.4B | $123.3M | ||
| Q2 24 | $7.7B | $28.4M | ||
| Q1 24 | $4.1B | $82.6M |
自由现金流率AMZNWEN
| Q4 25 | 7.0% | 5.8% | ||
| Q3 25 | 0.2% | 19.0% | ||
| Q2 25 | 0.2% | 7.0% | ||
| Q1 25 | -5.1% | 12.9% | ||
| Q4 24 | 9.5% | 4.6% | ||
| Q3 24 | 2.1% | 21.8% | ||
| Q2 24 | 5.2% | 5.0% | ||
| Q1 24 | 2.8% | 15.5% |
资本支出强度AMZNWEN
| Q4 25 | 18.5% | 7.0% | ||
| Q3 25 | 19.5% | 4.5% | ||
| Q2 25 | 19.2% | 3.8% | ||
| Q1 25 | 16.1% | 3.4% | ||
| Q4 24 | 14.8% | 7.3% | ||
| Q3 24 | 14.2% | 3.2% | ||
| Q2 24 | 11.9% | 3.0% | ||
| Q1 24 | 10.4% | 3.2% |
现金转化率AMZNWEN
| Q4 25 | 2.57× | 2.62× | ||
| Q3 25 | 1.68× | 2.92× | ||
| Q2 25 | 1.79× | 1.10× | ||
| Q1 25 | 0.99× | 2.18× | ||
| Q4 24 | 2.28× | 1.44× | ||
| Q3 24 | 1.69× | 2.81× | ||
| Q2 24 | 1.87× | 0.83× | ||
| Q1 24 | 1.82× | 2.38× |
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% |
WEN
| Franchise Royalty Revenueand Fees | $149.3M | 27% |
| Royalty | $103.6M | 19% |
| Advertising | $103.3M | 19% |
| Global Real Estate Development | $60.5M | 11% |
| Real Estate | $59.5M | 11% |
| Wendys International | $39.5M | 7% |
| Franchise | $21.5M | 4% |
