Amazon

Consumer Discretionary Broadline Retail Seattle, Washington Last filing Feb 6, 2026 · FY2025

                    Revenue
                    FY2025
                
$716.9B
                    3y CAGR +11.7%
                    
                    P80
                    
                    +12.4%
                    
                    Net income
                    FY2025
                
$77.7B
                    Net margin +10.8%
                    
                    P64
                    
                    +31.1%
                    
                    Total assets
                    FY2025
                
$818.0B
                    ROA +9.5%
                    
                    P50
                    
                    +30.9%
                    
                    Operating cash flow
                    FY2025
                
$139.5B
                    
                    +20.4%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

34 accounts · 5 years

Total assets $818.0B

Total liabilities $218.0B

Shareholders equity $411.1B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	12.6%	12.9%	12.9%	10.6%	7.8%
Accounts Receivable	9.4%	8.7%	9.1%	8.2%	7.0%
Inventory	5.3%	5.4%	5.8%	6.7%	6.9%
Prepaid Expenses	1.0%	1.0%	0.9%	—	—
Other Current Assets	1.0%	1.0%	0.9%	0.2%	0.2%
Total Current Assets	32.0%	29.9%	30.0%	28.6%	34.4%
Property,Plant and Equipment	49.8%	39.6%	35.5%	36.3%	34.1%
Operating Lease Assets	12.0%	11.9%	12.6%	12.9%	11.9%
Goodwill	3.2%	3.6%	4.0%	3.9%	3.3%
Intangible Assets	0.0%	1.3%	1.3%	1.2%	1.1%
Long Term Investments	0.1%	0.2%	—	—	—
Other Noncurrent Assets	17.1%	12.9%	9.7%	8.3%	5.8%
Total Assets	114.1%	98.0%	91.8%	90.0%	89.5%
Liabilities
Accounts Payable	17.0%	14.8%	14.8%	15.5%	16.7%
Accrued Liabilities	10.5%	10.5%	11.3%	12.2%	11.0%
Deferred Revenue	2.9%	2.8%	2.6%	2.6%	2.5%
Current Portion of Long Term Debt	0.4%	0.8%	1.5%	0.6%	0.3%
Operating Lease Liabilities	1.8%	1.7%	1.5%	1.5%	1.4%
Other Current Liabilities	5.0%	4.5%	4.4%	4.1%	5.0%
Total Current Liabilities	30.4%	28.1%	28.7%	30.2%	30.3%
Long Term Debt	9.2%	8.2%	10.1%	13.1%	10.4%
Deferred Revenue Noncurrent	0.6%	1.0%	1.0%	0.6%	0.5%
Operating Lease Liabilities Noncurrent	10.7%	10.8%	11.7%	12.0%	11.1%
Deferred Tax Liabilities	0.0%	3.1%	2.4%	1.9%	0.1%
Other Noncurrent Liabilities	5.0%	4.5%	4.4%	4.1%	5.0%
Total Liabilities	30.4%	28.1%	28.7%	30.2%	30.3%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	19.5%	18.9%	17.2%	14.6%	11.8%
Retained Earnings	34.9%	27.1%	19.8%	16.2%	18.3%
Treasury Stock	1.1%	1.2%	1.4%	1.5%	0.4%
Accumulated Other Comprehensive Income	3.9%	-0.0%	-0.5%	-0.9%	-0.3%
Total Stockholders Equity	57.3%	44.8%	35.1%	28.4%	29.4%
Total Liabilitiesand Equity	114.1%	98.0%	91.8%	90.0%	89.5%

Income Statement

Revenue, expense, and profitability

18 accounts · 5 years

Revenue $716.9B

Operating income $80.0B

Net income $77.7B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	49.7%	51.1%	53.0%	56.2%	58.0%
Expenses Selling,General and Administrative	1.6%	1.8%	2.1%	2.3%	1.9%
Expenses Depreciation and Amortization	9.2%	8.3%	8.5%	8.2%	7.3%
Expenses Share Based Compensation	2.7%	3.5%	4.2%	3.8%	2.7%
Expenses Operating Expenses	88.8%	89.2%	93.6%	97.6%	94.7%
Other Income Expense Operating Income	11.2%	10.8%	6.4%	2.4%	5.3%
Other Income Expense Interest Income	0.6%	0.7%	0.5%	0.2%	0.1%
Other Income Expense Interest Expense	0.0%	0.0%	0.6%	0.5%	0.4%
Other Income Expense Other Income/expense	2.1%	-0.4%	0.2%	-3.3%	3.1%
Other Income Expense Income Before Tax	13.6%	10.8%	6.5%	-1.2%	8.1%
Income Tax Income Tax Expense	2.7%	1.5%	1.2%	-0.6%	1.0%
net Income net Income	10.8%	9.3%	5.3%	-0.5%	7.1%
net Income Comprehensive Income	14.8%	9.8%	5.5%	-1.1%	6.8%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	-0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	-0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	1.5%	1.6%	1.8%	2.0%	2.2%
Earnings Per Share Weighted Average Shares Diluted	1.5%	1.7%	1.8%	2.0%	2.2%

Cash Flow Statement

Operating, investing, and financing flows

16 accounts · 5 years

Operating cash flow $139.5B

Investing cash flow $-142.5B

Financing cash flow $9.7B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	10.8%	9.3%	5.3%	-0.5%	7.1%
Operating Activities Depreciation and Amortization	9.2%	8.3%	8.5%	8.2%	7.3%
Operating Activities Stock Based Compensation	2.7%	3.5%	4.2%	3.8%	2.7%
Operating Activities Deferred Income Taxes	1.6%	-0.7%	-1.0%	-1.6%	-0.1%
Operating Activities Changes In Operating Assets and Liabilities	2.0%	1.4%	1.5%	1.5%	3.3%
Operating Activities net Cash From Operating Activities	19.5%	18.2%	14.8%	9.1%	9.9%
Investing Activities Purchases of Investments	7.6%	4.1%	0.3%	0.5%	12.8%
Investing Activities Proceeds From Sale of Investments	6.2%	2.6%	1.0%	6.1%	12.6%
Investing Activities net Cash From Investing Activities	-19.9%	-14.8%	-8.7%	-7.3%	-12.4%
Financing Activities Proceeds From Debt	2.2%	0.0%	0.0%	4.1%	4.0%
Financing Activities Repayment of Debt	0.7%	1.4%	0.6%	0.2%	0.3%
Financing Activities net Cash From Financing Activities	1.3%	-1.9%	-2.8%	1.9%	1.3%
Cash Reconciliation Effect of Exchange Rate On Cash	12.6%	12.9%	12.9%	10.6%	-0.1%
Cash Reconciliation net Change In Cash	1.1%	1.3%	3.4%	3.5%	-1.3%
Cash Reconciliation Cash At Beginning of Period	12.6%	12.9%	12.9%	10.6%	7.8%
Cash Reconciliation Cash At End of Period	12.6%	12.9%	12.9%	10.6%	7.8%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+50.3%	+48.9%	+47.0%	+43.8%	+42.0%
Operating margin	+11.2%	+10.8%	+6.4%	+2.4%	+5.3%
Net margin	+10.8%	+9.3%	+5.3%	-0.5%	+7.1%
FCF margin	—	—	—	—	—
Growth
Revenue CAGR (3y)	+11.7%	+10.7%	+14.2%	+22.4%	+26.4%
Returns
ROE	+18.9%	+20.7%	+15.1%	-1.9%	+24.1%
ROA	+9.5%	+9.5%	+5.8%	-0.6%	+7.9%
ROIC	+16.5%	+22.7%	+15.3%	+7.6%	+14.3%
Liquidity
Current ratio	1.05x	1.06x	1.05x	0.94x	1.14x
Quick ratio	0.72x	0.77x	0.76x	0.62x	0.49x
Leverage
D/E	0.53x	0.63x	0.82x	1.06x	1.03x
Interest coverage	256.33x	240.68x	11.58x	5.17x	13.75x
Efficiency
Asset turnover	0.88x	1.02x	1.09x	1.11x	1.12x
Cash conversion cycle	-51d	-36d	-29d	-27d	-36d

Valuation

Price against fundamentals

AMZN $222 · 2025-09-29 · 351d old · FY2025

Market cap $2.4T

P/E 30.97x

P/S 3.36x

P/B 5.85x

EV $2.4T

EV/EBITDA 16.36x

FCF yield —

Dividend yield —

Notes

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