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亚马逊（AMZN）与渥弗林（WWW）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渥弗林的412.3倍（$213.4B vs $517.5M）。亚马逊净利率更高（9.9% vs 6.1%，领先3.8%）。渥弗林同比增速更快（25.5% vs 13.6%）。亚马逊自由现金流更多（$14.9B vs $145.6M）。过去两年亚马逊的营收复合增速更高（22.0% vs 14.5%）
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。
渥弗林是一家国际知名的鞋履、服饰及配饰设计、生产与销售企业，旗下拥有迈乐、斯佩里、索康尼、暇步士等多个知名品牌，覆盖户外休闲、日常穿搭、工装、运动等消费领域，产品通过线上线下渠道及批发网络销往全球。
AMZN vs WWW — 直观对比
营收规模更大
AMZN
是对方的412.3倍
$517.5M
营收增速更快
WWW
高出11.9%
13.6%
净利率更高
AMZN
高出3.8%
6.1%
自由现金流更多
AMZN
多$14.8B
$145.6M
两年增速更快
AMZN
近两年复合增速
14.5%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $517.5M |
| 净利润 | $21.2B | $31.8M |
| 毛利率 | 48.5% | 47.3% |
| 营业利润率 | 11.7% | 9.7% |
| 净利率 | 9.9% | 6.1% |
| 营收同比 | 13.6% | 25.5% |
| 净利润同比 | 5.9% | 162.8% |
| 每股收益（稀释后） | $1.95 | $0.37 |
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AMZNWWW
| Q1 26 | — | $517.5M | ||
| Q4 25 | $213.4B | — | ||
| Q3 25 | $180.2B | $470.3M | ||
| Q2 25 | $167.7B | $474.2M | ||
| Q1 25 | $155.7B | $412.3M | ||
| Q4 24 | $187.8B | $494.7M | ||
| Q3 24 | $158.9B | $440.2M | ||
| Q2 24 | $148.0B | $425.2M |
净利润AMZNWWW
| Q1 26 | — | $31.8M | ||
| Q4 25 | $21.2B | — | ||
| Q3 25 | $21.2B | $25.1M | ||
| Q2 25 | $18.2B | $26.8M | ||
| Q1 25 | $17.1B | $12.1M | ||
| Q4 24 | $20.0B | $23.1M | ||
| Q3 24 | $15.3B | $23.2M | ||
| Q2 24 | $13.5B | $13.8M |
毛利率AMZNWWW
| Q1 26 | — | 47.3% | ||
| Q4 25 | 48.5% | — | ||
| Q3 25 | 50.8% | 47.5% | ||
| Q2 25 | 51.8% | 47.2% | ||
| Q1 25 | 50.6% | 47.2% | ||
| Q4 24 | 47.3% | 43.4% | ||
| Q3 24 | 49.0% | 45.1% | ||
| Q2 24 | 50.1% | 43.1% |
营业利润率AMZNWWW
| Q1 26 | — | 9.7% | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | 9.7% | 8.4% | ||
| Q2 25 | 11.4% | 8.6% | ||
| Q1 25 | 11.8% | 4.8% | ||
| Q4 24 | 11.3% | 7.4% | ||
| Q3 24 | 11.0% | 7.9% | ||
| Q2 24 | 9.9% | 6.8% |
净利率AMZNWWW
| Q1 26 | — | 6.1% | ||
| Q4 25 | 9.9% | — | ||
| Q3 25 | 11.8% | 5.3% | ||
| Q2 25 | 10.8% | 5.7% | ||
| Q1 25 | 11.0% | 2.9% | ||
| Q4 24 | 10.7% | 4.7% | ||
| Q3 24 | 9.6% | 5.3% | ||
| Q2 24 | 9.1% | 3.2% |
每股收益（稀释后）AMZNWWW
| Q1 26 | — | $0.37 | ||
| Q4 25 | $1.95 | — | ||
| Q3 25 | $1.95 | $0.30 | ||
| Q2 25 | $1.68 | $0.32 | ||
| Q1 25 | $1.59 | $0.15 | ||
| Q4 24 | $1.86 | $0.29 | ||
| Q3 24 | $1.43 | $0.28 | ||
| Q2 24 | $1.26 | $0.17 |
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 | — |
| 总债务越低越好 | $68.8B | $621.7M |
| 股东权益账面价值 | $411.1B | $408.0M |
| 总资产 | $818.0B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.17× | 1.52× |
8季度趋势，按日历期对齐
现金及短期投资AMZNWWW
| Q1 26 | — | — | ||
| Q4 25 | $123.0B | — | ||
| Q3 25 | $94.2B | — | ||
| Q2 25 | $93.2B | — | ||
| Q1 25 | $94.6B | — | ||
| Q4 24 | $101.2B | — | ||
| Q3 24 | $88.1B | — | ||
| Q2 24 | $89.1B | — |
总债务AMZNWWW
| Q1 26 | — | $621.7M | ||
| Q4 25 | $68.8B | — | ||
| Q3 25 | $55.1B | $676.4M | ||
| Q2 25 | $56.1B | $708.5M | ||
| Q1 25 | $58.8B | $710.8M | ||
| Q4 24 | $58.0B | $648.0M | ||
| Q3 24 | $60.5B | $702.8M | ||
| Q2 24 | $62.7B | $814.7M |
股东权益AMZNWWW
| Q1 26 | — | $408.0M | ||
| Q4 25 | $411.1B | — | ||
| Q3 25 | $369.6B | $376.7M | ||
| Q2 25 | $333.8B | $344.0M | ||
| Q1 25 | $305.9B | $310.6M | ||
| Q4 24 | $286.0B | $312.9M | ||
| Q3 24 | $259.2B | $295.2M | ||
| Q2 24 | $236.4B | $262.1M |
总资产AMZNWWW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $818.0B | — | ||
| Q3 25 | $727.9B | $1.7B | ||
| Q2 25 | $682.2B | $1.8B | ||
| Q1 25 | $643.3B | $1.7B | ||
| Q4 24 | $624.9B | $1.7B | ||
| Q3 24 | $584.6B | $1.8B | ||
| Q2 24 | $554.8B | $1.8B |
负债/权益比AMZNWWW
| Q1 26 | — | 1.52× | ||
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.15× | 1.80× | ||
| Q2 25 | 0.17× | 2.06× | ||
| Q1 25 | 0.19× | 2.29× | ||
| Q4 24 | 0.20× | 2.07× | ||
| Q3 24 | 0.23× | 2.38× | ||
| Q2 24 | 0.27× | 3.11× |
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 | $146.2M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $145.6M |
| 自由现金流率自由现金流/营收 | 7.0% | 28.1% |
| 资本支出强度资本支出/营收 | 18.5% | 0.1% |
| 现金转化率经营现金流/净利润 | 2.57× | 4.60× |
| 过去12个月自由现金流最近4个季度 | $7.7B | $125.5M |
8季度趋势，按日历期对齐
经营现金流AMZNWWW
| Q1 26 | — | $146.2M | ||
| Q4 25 | $54.5B | — | ||
| Q3 25 | $35.5B | $33.0M | ||
| Q2 25 | $32.5B | $44.6M | ||
| Q1 25 | $17.0B | $-83.8M | ||
| Q4 24 | $45.6B | $82.4M | ||
| Q3 24 | $26.0B | $108.2M | ||
| Q2 24 | $25.3B | $26.7M |
自由现金流AMZNWWW
| Q1 26 | — | $145.6M | ||
| Q4 25 | $14.9B | — | ||
| Q3 25 | $430.0M | $30.1M | ||
| Q2 25 | $332.0M | $41.2M | ||
| Q1 25 | $-8.0B | $-91.4M | ||
| Q4 24 | $17.8B | $74.4M | ||
| Q3 24 | $3.4B | $104.1M | ||
| Q2 24 | $7.7B | $23.7M |
自由现金流率AMZNWWW
| Q1 26 | — | 28.1% | ||
| Q4 25 | 7.0% | — | ||
| Q3 25 | 0.2% | 6.4% | ||
| Q2 25 | 0.2% | 8.7% | ||
| Q1 25 | -5.1% | -22.2% | ||
| Q4 24 | 9.5% | 15.0% | ||
| Q3 24 | 2.1% | 23.6% | ||
| Q2 24 | 5.2% | 5.6% |
资本支出强度AMZNWWW
| Q1 26 | — | 0.1% | ||
| Q4 25 | 18.5% | — | ||
| Q3 25 | 19.5% | 0.6% | ||
| Q2 25 | 19.2% | 0.7% | ||
| Q1 25 | 16.1% | 1.8% | ||
| Q4 24 | 14.8% | 1.6% | ||
| Q3 24 | 14.2% | 0.9% | ||
| Q2 24 | 11.9% | 0.7% |
现金转化率AMZNWWW
| Q1 26 | — | 4.60× | ||
| Q4 25 | 2.57× | — | ||
| Q3 25 | 1.68× | 1.31× | ||
| Q2 25 | 1.79× | 1.66× | ||
| Q1 25 | 0.99× | -6.93× | ||
| Q4 24 | 2.28× | 3.57× | ||
| Q3 24 | 1.69× | 4.66× | ||
| Q2 24 | 1.87× | 1.93× |
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% |
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
