Amazon.com, Inc. (AMZN) 10-Year Financial Performance & Capital Metrics

AMZN •

Consumer CyclicalSpecialty RetailGeneral Online Marketplaces

AboutAmazon.com, Inc. engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). Its products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers The company also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Rings, Blink, eero, and Echo; and develops and produces media content. In addition, it offers programs that enable sellers to sell their products in its stores; and programs that allow authors, musicians, filmmakers, Twitch streamers, skill and app developers, and others to publish and sell content. Further, the company provides compute, storage, database, analytics, machine learning, and other services, as well as fulfillment, advertising, and digital content subscriptions. Additionally, it offers Amazon Prime, a membership program. The company serves consumers, sellers, developers, enterprises, content creators, and advertisers. Amazon.com, Inc. was incorporated in 1994 and is headquartered in Seattle, Washington.Show more

Revenue $716.92B +12.4%
EBITDA $126.26B +4.0%
Net Income $77.67B +31.1%
EPS (Diluted) 7.17 +29.7%
Gross Margin 50.29% +2.9%
EBITDA Margin 17.61% -7.4%
Operating Margin 11.16% +3.8%
Net Margin 10.83% +16.7%
ROE 22.29% -8.2%
ROIC 14.71% -13.9%
Debt/Equity 0.37 -18.7%
Interest Coverage 35.17 +23.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 21.4%
✓Strong 5Y profit CAGR of 29.5%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 13.2%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y20.95%

5Y13.18%

3Y11.73%

TTM12.38%

Profit (Net Income) CAGR

10Y62.74%

5Y29.49%

3Y-

TTM31.09%

EPS CAGR

10Y60.68%

5Y27.96%

3Y-

TTM29.66%

ROCE

10Y Avg11.87%

5Y Avg11.59%

3Y Avg14.42%

Latest15.3%

Peer Comparison

General Online Marketplaces

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CPNGCoupang, Inc.	3.01B	19.08	173.45	-72.84%	2.53%	0.93%	17.32%	0.18
SESea Limited	4.94B	108.45	148.56	28.75%	6.23%	12.35%	59.87%	0.49
HOURHour Loop, Inc.	67.18M	1.91	102.14	4.64%	0.59%	10.89%	0.41%	0.14
MELIMercadoLibre, Inc.	89.1B	1757.58	44.62	39.06%	6.91%	29.59%	12.09%	1.69
AMZNAmazon.com, Inc.	2.25T	210.00	29.29	12.38%	10.83%	18.89%	0.34%	0.37
EBAYeBay Inc.	40.8B	90.86	20.94	7.95%	18.3%	44.01%	3.64%	1.53
BABAAlibaba Group Holding Limited	2.66T	144.11	18.44	5.86%	12.19%	11.1%	0.43%	0.23
PDDPDD Holdings Inc.	577.63B	103.73	9.36	59.04%	24.43%	26.13%	3.05%	0.03

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	135.99B	177.87B	232.89B	280.52B	386.06B	469.82B	513.98B	574.78B	637.96B	716.92B
Revenue Growth %	27.08%	30.8%	30.93%	20.45%	37.62%	21.7%	9.4%	11.83%	10.99%	12.38%
Cost of Goods Sold+	88.27B	111.93B	139.16B	165.54B	233.31B	272.34B	288.83B	304.74B	326.29B	356.41B
COGS % of Revenue	64.91%	62.93%	59.75%	59.01%	60.43%	57.97%	56.19%	53.02%	51.15%	49.71%
Gross Profit+	47.72B	65.93B	93.73B	114.99B	152.76B	197.48B	225.15B	270.05B	311.67B	360.51B
Gross Margin %	35.09%	37.07%	40.25%	40.99%	39.57%	42.03%	43.81%	46.98%	48.85%	50.29%
Gross Profit Growth %	34.98%	38.16%	42.16%	22.68%	32.85%	29.28%	14.01%	19.94%	15.41%	15.67%
Operating Expenses+	43.54B	61.83B	81.31B	100.44B	129.86B	172.6B	212.9B	233.19B	243.08B	280.54B
OpEx % of Revenue	32.01%	34.76%	34.91%	35.81%	33.64%	36.74%	41.42%	40.57%	38.1%	39.13%
Selling, General & Admin	9.66B	13.74B	18.15B	24.08B	28.68B	41.37B	54.13B	56.19B	55.27B	58.3B
SG&A % of Revenue	7.11%	7.73%	7.79%	8.58%	7.43%	8.81%	10.53%	9.78%	8.66%	8.13%
Research & Development	16.09B	22.62B	28.84B	35.93B	42.74B	56.05B	73.21B	85.62B	88.54B	108.52B
R&D % of Revenue	11.83%	12.72%	12.38%	12.81%	11.07%	11.93%	14.24%	14.9%	13.88%	15.14%
Other Operating Expenses	17.79B	25.46B	34.32B	40.43B	58.44B	75.17B	85.56B	91.39B	99.27B	113.71B
Operating Income+	4.35B	4.11B	12.42B	14.54B	22.9B	24.88B	12.25B	36.85B	68.59B	79.97B
Operating Margin %	3.2%	2.31%	5.33%	5.18%	5.93%	5.3%	2.38%	6.41%	10.75%	11.16%
Operating Income Growth %	94.94%	-5.67%	202.51%	17.07%	57.48%	8.65%	-50.77%	200.88%	86.13%	16.59%
EBITDA+	12.47B	15.58B	27.76B	36.33B	48.08B	59.31B	54.17B	85.52B	121.39B	126.26B
EBITDA Margin %	9.17%	8.76%	11.92%	12.95%	12.45%	12.62%	10.54%	14.88%	19.03%	17.61%
EBITDA Growth %	46.45%	24.98%	78.14%	30.86%	32.34%	23.36%	-8.67%	57.87%	41.95%	4.01%
D&A (Non-Cash Add-back)	8.12B	11.48B	15.34B	21.79B	25.18B	34.43B	41.92B	48.66B	52.8B	46.28B
EBIT	4.38B	4.65B	12.68B	15.58B	25.82B	39.96B	-3.57B	40.74B	71.02B	97.28B
Net Interest Income+	-384M	-646M	-977M	-768M	-1.09B	-1.36B	-1.38B	-233M	2.27B	2.11B
Interest Income	100M	202M	440M	832M	555M	448M	989M	2.95B	4.68B	4.38B
Interest Expense	484M	848M	1.42B	1.6B	1.65B	1.81B	2.37B	3.18B	2.41B	2.27B
Other Income/Expense	-390M	-304M	-1.15B	-579M	1.29B	13.28B	-18.19B	693M	-80M	17.25B
Pretax Income+	3.8B	3.8B	11.27B	13.96B	24.19B	38.16B	-5.94B	37.55B	68.51B	97.22B
Pretax Margin %	2.79%	2.14%	4.84%	4.98%	6.27%	8.12%	-1.16%	6.53%	10.74%	13.56%
Income Tax+	1.43B	769M	1.2B	2.37B	2.86B	4.79B	-3.22B	7.12B	9.27B	19.09B
Effective Tax Rate %	62.46%	79.77%	89.38%	83%	88.17%	87.44%	45.83%	81.04%	86.48%	79.89%
Net Income+	2.37B	3.03B	10.07B	11.59B	21.33B	33.36B	-2.72B	30.43B	59.25B	77.67B
Net Margin %	1.74%	1.71%	4.33%	4.13%	5.53%	7.1%	-0.53%	5.29%	9.29%	10.83%
Net Income Growth %	297.82%	27.92%	232.11%	15.04%	84.08%	56.41%	-108.16%	1217.74%	94.73%	31.09%
Net Income (Continuing)	2.37B	3.03B	10.07B	11.59B	21.33B	33.36B	-2.72B	30.43B	59.25B	78.14B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.25	0.31	1.01	1.15	2.09	3.24	-0.27	2.90	5.53	7.17
EPS Growth %	300%	24%	225.81%	13.86%	81.74%	55.02%	-108.33%	1174.07%	90.69%	29.66%
EPS (Basic)	0.25	0.32	1.03	1.17	2.13	3.30	-0.27	2.95	5.66	7.29
Diluted Shares Outstanding	9.68B	9.86B	10B	10.08B	10.2B	10.3B	10.19B	10.49B	10.72B	10.86B
Basic Shares Outstanding	9.48B	9.6B	9.74B	9.88B	10B	10.12B	10.19B	10.3B	10.47B	10.71B
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	45.78B	60.2B	75.1B	96.33B	132.73B	161.58B	146.79B	172.35B	190.87B	229.08B
Cash & Short-Term Investments	25.98B	30.99B	41.25B	55.02B	84.4B	96.05B	70.03B	86.78B	101.2B	123.03B
Cash Only	19.33B	20.52B	31.75B	36.09B	42.12B	36.22B	53.89B	73.39B	78.78B	86.81B
Short-Term Investments	6.65B	10.46B	9.5B	18.93B	42.27B	59.83B	16.14B	13.39B	22.42B	36.22B
Accounts Receivable	8.34B	13.16B	16.68B	20.82B	24.54B	32.89B	42.36B	52.25B	55.45B	67.73B
Days Sales Outstanding	22.38	27.01	26.14	27.08	23.2	25.55	30.08	33.18	31.73	34.48
Inventory	11.46B	16.05B	17.17B	20.5B	23.8B	32.64B	34.41B	33.32B	34.21B	38.33B
Days Inventory Outstanding	47.39	52.33	45.05	45.2	37.23	43.74	43.48	39.91	38.27	39.25
Other Current Assets	0	0	0	0	0	0	0	0	0	0
Total Non-Current Assets+	37.62B	71.11B	87.55B	128.91B	188.46B	258.97B	315.88B	355.5B	434.03B	588.96B
Property, Plant & Equipment	29.11B	48.87B	61.8B	97.85B	150.67B	216.36B	252.84B	276.69B	328.81B	357.02B
Fixed Asset Turnover	4.67x	3.64x	3.77x	2.87x	2.56x	2.17x	2.03x	2.08x	1.94x	2.01x
Goodwill	3.78B	13.35B	14.55B	14.75B	15.02B	15.37B	20.29B	22.79B	23.07B	23.27B
Intangible Assets	854M	3.37B	4.11B	4.05B	4.98B	5.11B	6.1B	7.69B	8.6B	0
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	3.87B	5.53B	7.09B	12.27B	17.8B	22.13B	36.66B	48.34B	73.55B	208.66B
Total Assets+	83.4B	131.31B	162.65B	225.25B	321.19B	420.55B	462.68B	527.85B	624.89B	818.04B
Asset Turnover	1.63x	1.35x	1.43x	1.25x	1.20x	1.12x	1.11x	1.09x	1.02x	0.88x
Asset Growth %	28.81%	57.44%	23.87%	38.49%	42.6%	30.93%	10.02%	14.09%	18.38%	30.91%
Total Current Liabilities+	43.82B	57.88B	68.39B	87.81B	126.39B	142.27B	155.39B	164.92B	179.43B	218B
Accounts Payable	25.31B	34.62B	38.19B	47.18B	72.54B	78.66B	79.6B	84.98B	94.36B	121.91B
Days Payables Outstanding	104.66	112.88	100.18	104.04	113.48	105.43	100.59	101.79	105.56	124.85
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	4.77B	5.1B	6.54B	8.19B	9.71B	11.83B	13.23B	15.23B	18.1B	20.58B
Other Current Liabilities	0	0	0	0	0	0	0	0	0	0
Current Ratio	1.04x	1.04x	1.10x	1.10x	1.05x	1.14x	0.94x	1.05x	1.06x	1.05x
Quick Ratio	0.78x	0.76x	0.85x	0.86x	0.86x	0.91x	0.72x	0.84x	0.87x	0.88x
Cash Conversion Cycle	-34.88	-33.54	-28.99	-31.76	-53.06	-36.13	-27.03	-28.7	-35.56	-51.12
Total Non-Current Liabilities+	20.3B	45.72B	50.71B	75.38B	101.41B	140.04B	161.24B	161.06B	159.49B	188.97B
Long-Term Debt	7.69B	24.74B	23.5B	23.41B	31.82B	48.74B	67.15B	58.31B	52.62B	65.65B
Capital Lease Obligations	7.52B	13.18B	9.65B	39.79B	52.57B	67.65B	72.97B	77.3B	78.28B	87.34B
Deferred Tax Liabilities	1.79B	1.99B	2.39B	0	0	0	0	0	0	0
Other Non-Current Liabilities	3.3B	5.8B	15.18B	12.17B	17.02B	23.64B	21.12B	25.45B	28.59B	35.98B
Total Liabilities	64.12B	103.6B	119.1B	163.19B	227.79B	282.3B	316.63B	325.98B	338.92B	406.98B
Total Debt+	15.21B	37.93B	33.15B	63.2B	84.39B	116.39B	140.12B	135.61B	130.9B	152.99B
Net Debt	-4.12B	17.4B	1.4B	27.11B	42.27B	80.17B	86.23B	62.22B	52.12B	66.18B
Debt / Equity	0.79x	1.37x	0.76x	1.02x	0.90x	0.84x	0.96x	0.67x	0.46x	0.37x
Debt / EBITDA	1.22x	2.43x	1.19x	1.74x	1.76x	1.96x	2.59x	1.59x	1.08x	1.21x
Net Debt / EBITDA	-0.33x	1.12x	0.05x	0.75x	0.88x	1.35x	1.59x	0.73x	0.43x	0.52x
Interest Coverage	8.99x	4.84x	8.77x	9.09x	13.90x	13.75x	5.17x	11.58x	28.51x	35.17x
Total Equity+	19.29B	27.71B	43.55B	62.06B	93.4B	138.25B	146.04B	201.88B	285.97B	411.06B
Equity Growth %	44.09%	43.68%	57.17%	42.51%	50.51%	48.01%	5.64%	38.23%	41.66%	43.74%
Book Value per Share	1.99	2.81	4.35	6.16	9.16	13.42	14.33	19.24	26.67	37.84
Total Shareholders' Equity	19.29B	27.71B	43.55B	62.06B	93.4B	138.25B	146.04B	201.88B	285.97B	411.06B
Common Stock	5M	5M	5M	5M	5M	106M	108M	109M	111M	112M
Retained Earnings	4.92B	8.64B	19.63B	31.22B	52.55B	85.92B	83.19B	113.62B	172.87B	250.54B
Treasury Stock	-1.84B	-1.84B	-1.84B	-1.84B	-1.84B	-1.84B	-7.84B	-7.84B	-7.84B	-7.84B
Accumulated OCI	-985M	-484M	-1.03B	-986M	-180M	-1.38B	-4.49B	-3.04B	-34M	28.23B
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	17.2B	18.36B	30.72B	38.51B	66.06B	46.33B	46.75B	84.95B	115.88B	139.51B
Operating CF Margin %	12.65%	10.33%	13.19%	13.73%	17.11%	9.86%	9.1%	14.78%	18.16%	19.46%
Operating CF Growth %	42.89%	6.75%	67.29%	25.36%	71.53%	-29.88%	0.92%	81.69%	36.41%	20.4%
Net Income	2.37B	3.03B	10.07B	11.59B	21.33B	33.36B	-2.72B	30.43B	59.25B	77.67B
Depreciation & Amortization	8.12B	11.48B	15.34B	21.79B	25.25B	34.3B	41.92B	48.66B	52.8B	65.76B
Stock-Based Compensation	2.98B	4.21B	5.42B	6.86B	9.21B	12.76B	19.62B	24.02B	22.01B	19.47B
Deferred Taxes	-246M	-29M	441M	796M	-554M	-310M	-8.15B	-5.88B	-4.65B	11.47B
Other Non-Cash Items	-10.66B	-90M	493M	-85M	-2.65B	-14.17B	16.97B	-748M	2.01B	-14.88B
Working Capital Changes	3.85B	-242M	-1.04B	-2.44B	13.48B	-19.61B	-20.89B	-11.54B	-15.54B	-19.97B
Change in Receivables	-3.44B	-4.78B	-4.62B	-7.68B	-8.17B	-9.14B	-8.62B	-8.35B	-3.25B	-7.33B
Change in Inventory	-1.43B	-3.58B	-1.31B	-3.28B	-2.85B	-9.49B	-2.59B	1.45B	-1.88B	-3B
Change in Payables	5.03B	7.1B	3.26B	8.19B	17.48B	3.6B	2.94B	5.47B	2.97B	11.23B
Cash from Investing+	-9.52B	-27.08B	-12.37B	-24.28B	-59.61B	-58.15B	-37.6B	-49.83B	-94.34B	-142.54B
Capital Expenditures	-7.8B	-11.96B	-13.43B	-16.86B	-40.14B	-61.05B	-63.65B	-52.73B	-83B	-131.82B
CapEx % of Revenue	5.74%	6.72%	5.77%	6.01%	10.4%	12.99%	12.38%	9.17%	13.01%	18.39%
Acquisitions	-116M	-13.97B	-2.19B	-2.46B	-2.33B	-1.99B	-8.32B	-5.84B	-7.08B	-3.84B
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.07B	1.9B	2.1B	4.17B	5.1B	5.66B	5.32B	4.6B	5.34B	3.5B
Cash from Financing+	-3.72B	9.93B	-7.69B	-10.07B	-1.1B	6.29B	9.72B	-15.88B	-11.81B	9.66B
Debt Issued (Net)	-3.72B	9.93B	-7.69B	-10.07B	-1.1B	6.29B	15.72B	-15.88B	-11.81B	10.18B
Equity Issued (Net)	0	0	0	0	0	0	-1000K	0	0	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	-6B	0	0	0
Other Financing	0	0	0	0	0	0	0	0	0	-519M
Net Change in Cash	3.76B	1.92B	10.32B	4.24B	5.97B	-5.9B	17.78B	19.64B	8.42B	7.79B
Free Cash Flow+	9.4B	6.41B	17.3B	21.65B	25.92B	-14.73B	-16.89B	32.22B	32.88B	7.7B
FCF Margin %	6.91%	3.6%	7.43%	7.72%	6.71%	-3.13%	-3.29%	5.61%	5.15%	1.07%
FCF Growth %	41.3%	-31.8%	169.83%	25.19%	19.72%	-156.8%	-14.72%	290.71%	2.05%	-76.6%
FCF per Share	0.97	0.65	1.73	2.15	2.54	-1.43	-1.66	3.07	3.07	0.71
FCF Conversion (FCF/Net Income)	7.26x	6.06x	3.05x	3.32x	3.10x	1.39x	-17.18x	2.79x	1.96x	1.80x
Interest Paid	496M	647M	1.43B	1.56B	1.63B	1.77B	2.14B	3.11B	2.36B	1.84B
Taxes Paid	412M	957M	1.18B	881M	1.71B	3.69B	6.04B	11.18B	12.31B	8.29B

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	14.52%	12.91%	28.27%	21.95%	27.44%	28.81%	-1.92%	17.49%	24.29%	22.29%
Return on Invested Capital (ROIC)	24.33%	10.22%	20.69%	16.26%	15.28%	10.54%	4.08%	11.14%	17.09%	14.71%
Gross Margin	35.09%	37.07%	40.25%	40.99%	39.57%	42.03%	43.81%	46.98%	48.85%	50.29%
Net Margin	1.74%	1.71%	4.33%	4.13%	5.53%	7.1%	-0.53%	5.29%	9.29%	10.83%
Debt / Equity	0.79x	1.37x	0.76x	1.02x	0.90x	0.84x	0.96x	0.67x	0.46x	0.37x
Interest Coverage	8.99x	4.84x	8.77x	9.09x	13.90x	13.75x	5.17x	11.58x	28.51x	35.17x
FCF Conversion	7.26x	6.06x	3.05x	3.32x	3.10x	1.39x	-17.18x	2.79x	1.96x	1.80x
Revenue Growth	27.08%	30.8%	30.93%	20.45%	37.62%	21.7%	9.4%	11.83%	10.99%	12.38%

US Stock Screener

...

Amazon.com, Inc. (AMZN) 10-Year Financial Performance & Capital Metrics

AMZN •

Consumer CyclicalSpecialty RetailGeneral Online Marketplaces

Revenue $716.92B +12.4%
EBITDA $126.26B +4.0%
Net Income $77.67B +31.1%
EPS (Diluted) 7.17 +29.7%
Gross Margin 50.29% +2.9%
EBITDA Margin 17.61% -7.4%
Operating Margin 11.16% +3.8%
Net Margin 10.83% +16.7%
ROE 22.29% -8.2%
ROIC 14.71% -13.9%
Debt/Equity 0.37 -18.7%
Interest Coverage 35.17 +23.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 21.4%
✓Strong 5Y profit CAGR of 29.5%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 13.2%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y20.95%

5Y13.18%

3Y11.73%

TTM12.38%

Profit (Net Income) CAGR

10Y62.74%

5Y29.49%

3Y-

TTM31.09%

EPS CAGR

10Y60.68%

5Y27.96%

3Y-

TTM29.66%

ROCE

10Y Avg11.87%

5Y Avg11.59%

3Y Avg14.42%

Latest15.3%

Peer Comparison

General Online Marketplaces

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CPNGCoupang, Inc.	3.01B	19.08	173.45	-72.84%	2.53%	0.93%	17.32%	0.18
SESea Limited	4.94B	108.45	148.56	28.75%	6.23%	12.35%	59.87%	0.49
HOURHour Loop, Inc.	67.18M	1.91	102.14	4.64%	0.59%	10.89%	0.41%	0.14
MELIMercadoLibre, Inc.	89.1B	1757.58	44.62	39.06%	6.91%	29.59%	12.09%	1.69
AMZNAmazon.com, Inc.	2.25T	210.00	29.29	12.38%	10.83%	18.89%	0.34%	0.37
EBAYeBay Inc.	40.8B	90.86	20.94	7.95%	18.3%	44.01%	3.64%	1.53
BABAAlibaba Group Holding Limited	2.66T	144.11	18.44	5.86%	12.19%	11.1%	0.43%	0.23
PDDPDD Holdings Inc.	577.63B	103.73	9.36	59.04%	24.43%	26.13%	3.05%	0.03

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	135.99B	177.87B	232.89B	280.52B	386.06B	469.82B	513.98B	574.78B	637.96B	716.92B
Revenue Growth %	27.08%	30.8%	30.93%	20.45%	37.62%	21.7%	9.4%	11.83%	10.99%	12.38%
Cost of Goods Sold+	88.27B	111.93B	139.16B	165.54B	233.31B	272.34B	288.83B	304.74B	326.29B	356.41B
COGS % of Revenue	64.91%	62.93%	59.75%	59.01%	60.43%	57.97%	56.19%	53.02%	51.15%	49.71%
Gross Profit+	47.72B	65.93B	93.73B	114.99B	152.76B	197.48B	225.15B	270.05B	311.67B	360.51B
Gross Margin %	35.09%	37.07%	40.25%	40.99%	39.57%	42.03%	43.81%	46.98%	48.85%	50.29%
Gross Profit Growth %	34.98%	38.16%	42.16%	22.68%	32.85%	29.28%	14.01%	19.94%	15.41%	15.67%
Operating Expenses+	43.54B	61.83B	81.31B	100.44B	129.86B	172.6B	212.9B	233.19B	243.08B	280.54B
OpEx % of Revenue	32.01%	34.76%	34.91%	35.81%	33.64%	36.74%	41.42%	40.57%	38.1%	39.13%
Selling, General & Admin	9.66B	13.74B	18.15B	24.08B	28.68B	41.37B	54.13B	56.19B	55.27B	58.3B
SG&A % of Revenue	7.11%	7.73%	7.79%	8.58%	7.43%	8.81%	10.53%	9.78%	8.66%	8.13%
Research & Development	16.09B	22.62B	28.84B	35.93B	42.74B	56.05B	73.21B	85.62B	88.54B	108.52B
R&D % of Revenue	11.83%	12.72%	12.38%	12.81%	11.07%	11.93%	14.24%	14.9%	13.88%	15.14%
Other Operating Expenses	17.79B	25.46B	34.32B	40.43B	58.44B	75.17B	85.56B	91.39B	99.27B	113.71B
Operating Income+	4.35B	4.11B	12.42B	14.54B	22.9B	24.88B	12.25B	36.85B	68.59B	79.97B
Operating Margin %	3.2%	2.31%	5.33%	5.18%	5.93%	5.3%	2.38%	6.41%	10.75%	11.16%
Operating Income Growth %	94.94%	-5.67%	202.51%	17.07%	57.48%	8.65%	-50.77%	200.88%	86.13%	16.59%
EBITDA+	12.47B	15.58B	27.76B	36.33B	48.08B	59.31B	54.17B	85.52B	121.39B	126.26B
EBITDA Margin %	9.17%	8.76%	11.92%	12.95%	12.45%	12.62%	10.54%	14.88%	19.03%	17.61%
EBITDA Growth %	46.45%	24.98%	78.14%	30.86%	32.34%	23.36%	-8.67%	57.87%	41.95%	4.01%
D&A (Non-Cash Add-back)	8.12B	11.48B	15.34B	21.79B	25.18B	34.43B	41.92B	48.66B	52.8B	46.28B
EBIT	4.38B	4.65B	12.68B	15.58B	25.82B	39.96B	-3.57B	40.74B	71.02B	97.28B
Net Interest Income+	-384M	-646M	-977M	-768M	-1.09B	-1.36B	-1.38B	-233M	2.27B	2.11B
Interest Income	100M	202M	440M	832M	555M	448M	989M	2.95B	4.68B	4.38B
Interest Expense	484M	848M	1.42B	1.6B	1.65B	1.81B	2.37B	3.18B	2.41B	2.27B
Other Income/Expense	-390M	-304M	-1.15B	-579M	1.29B	13.28B	-18.19B	693M	-80M	17.25B
Pretax Income+	3.8B	3.8B	11.27B	13.96B	24.19B	38.16B	-5.94B	37.55B	68.51B	97.22B
Pretax Margin %	2.79%	2.14%	4.84%	4.98%	6.27%	8.12%	-1.16%	6.53%	10.74%	13.56%
Income Tax+	1.43B	769M	1.2B	2.37B	2.86B	4.79B	-3.22B	7.12B	9.27B	19.09B
Effective Tax Rate %	62.46%	79.77%	89.38%	83%	88.17%	87.44%	45.83%	81.04%	86.48%	79.89%
Net Income+	2.37B	3.03B	10.07B	11.59B	21.33B	33.36B	-2.72B	30.43B	59.25B	77.67B
Net Margin %	1.74%	1.71%	4.33%	4.13%	5.53%	7.1%	-0.53%	5.29%	9.29%	10.83%
Net Income Growth %	297.82%	27.92%	232.11%	15.04%	84.08%	56.41%	-108.16%	1217.74%	94.73%	31.09%
Net Income (Continuing)	2.37B	3.03B	10.07B	11.59B	21.33B	33.36B	-2.72B	30.43B	59.25B	78.14B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.25	0.31	1.01	1.15	2.09	3.24	-0.27	2.90	5.53	7.17
EPS Growth %	300%	24%	225.81%	13.86%	81.74%	55.02%	-108.33%	1174.07%	90.69%	29.66%
EPS (Basic)	0.25	0.32	1.03	1.17	2.13	3.30	-0.27	2.95	5.66	7.29
Diluted Shares Outstanding	9.68B	9.86B	10B	10.08B	10.2B	10.3B	10.19B	10.49B	10.72B	10.86B
Basic Shares Outstanding	9.48B	9.6B	9.74B	9.88B	10B	10.12B	10.19B	10.3B	10.47B	10.71B
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	45.78B	60.2B	75.1B	96.33B	132.73B	161.58B	146.79B	172.35B	190.87B	229.08B
Cash & Short-Term Investments	25.98B	30.99B	41.25B	55.02B	84.4B	96.05B	70.03B	86.78B	101.2B	123.03B
Cash Only	19.33B	20.52B	31.75B	36.09B	42.12B	36.22B	53.89B	73.39B	78.78B	86.81B
Short-Term Investments	6.65B	10.46B	9.5B	18.93B	42.27B	59.83B	16.14B	13.39B	22.42B	36.22B
Accounts Receivable	8.34B	13.16B	16.68B	20.82B	24.54B	32.89B	42.36B	52.25B	55.45B	67.73B
Days Sales Outstanding	22.38	27.01	26.14	27.08	23.2	25.55	30.08	33.18	31.73	34.48
Inventory	11.46B	16.05B	17.17B	20.5B	23.8B	32.64B	34.41B	33.32B	34.21B	38.33B
Days Inventory Outstanding	47.39	52.33	45.05	45.2	37.23	43.74	43.48	39.91	38.27	39.25
Other Current Assets	0	0	0	0	0	0	0	0	0	0
Total Non-Current Assets+	37.62B	71.11B	87.55B	128.91B	188.46B	258.97B	315.88B	355.5B	434.03B	588.96B
Property, Plant & Equipment	29.11B	48.87B	61.8B	97.85B	150.67B	216.36B	252.84B	276.69B	328.81B	357.02B
Fixed Asset Turnover	4.67x	3.64x	3.77x	2.87x	2.56x	2.17x	2.03x	2.08x	1.94x	2.01x
Goodwill	3.78B	13.35B	14.55B	14.75B	15.02B	15.37B	20.29B	22.79B	23.07B	23.27B
Intangible Assets	854M	3.37B	4.11B	4.05B	4.98B	5.11B	6.1B	7.69B	8.6B	0
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	3.87B	5.53B	7.09B	12.27B	17.8B	22.13B	36.66B	48.34B	73.55B	208.66B
Total Assets+	83.4B	131.31B	162.65B	225.25B	321.19B	420.55B	462.68B	527.85B	624.89B	818.04B
Asset Turnover	1.63x	1.35x	1.43x	1.25x	1.20x	1.12x	1.11x	1.09x	1.02x	0.88x
Asset Growth %	28.81%	57.44%	23.87%	38.49%	42.6%	30.93%	10.02%	14.09%	18.38%	30.91%
Total Current Liabilities+	43.82B	57.88B	68.39B	87.81B	126.39B	142.27B	155.39B	164.92B	179.43B	218B
Accounts Payable	25.31B	34.62B	38.19B	47.18B	72.54B	78.66B	79.6B	84.98B	94.36B	121.91B
Days Payables Outstanding	104.66	112.88	100.18	104.04	113.48	105.43	100.59	101.79	105.56	124.85
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	4.77B	5.1B	6.54B	8.19B	9.71B	11.83B	13.23B	15.23B	18.1B	20.58B
Other Current Liabilities	0	0	0	0	0	0	0	0	0	0
Current Ratio	1.04x	1.04x	1.10x	1.10x	1.05x	1.14x	0.94x	1.05x	1.06x	1.05x
Quick Ratio	0.78x	0.76x	0.85x	0.86x	0.86x	0.91x	0.72x	0.84x	0.87x	0.88x
Cash Conversion Cycle	-34.88	-33.54	-28.99	-31.76	-53.06	-36.13	-27.03	-28.7	-35.56	-51.12
Total Non-Current Liabilities+	20.3B	45.72B	50.71B	75.38B	101.41B	140.04B	161.24B	161.06B	159.49B	188.97B
Long-Term Debt	7.69B	24.74B	23.5B	23.41B	31.82B	48.74B	67.15B	58.31B	52.62B	65.65B
Capital Lease Obligations	7.52B	13.18B	9.65B	39.79B	52.57B	67.65B	72.97B	77.3B	78.28B	87.34B
Deferred Tax Liabilities	1.79B	1.99B	2.39B	0	0	0	0	0	0	0
Other Non-Current Liabilities	3.3B	5.8B	15.18B	12.17B	17.02B	23.64B	21.12B	25.45B	28.59B	35.98B
Total Liabilities	64.12B	103.6B	119.1B	163.19B	227.79B	282.3B	316.63B	325.98B	338.92B	406.98B
Total Debt+	15.21B	37.93B	33.15B	63.2B	84.39B	116.39B	140.12B	135.61B	130.9B	152.99B
Net Debt	-4.12B	17.4B	1.4B	27.11B	42.27B	80.17B	86.23B	62.22B	52.12B	66.18B
Debt / Equity	0.79x	1.37x	0.76x	1.02x	0.90x	0.84x	0.96x	0.67x	0.46x	0.37x
Debt / EBITDA	1.22x	2.43x	1.19x	1.74x	1.76x	1.96x	2.59x	1.59x	1.08x	1.21x
Net Debt / EBITDA	-0.33x	1.12x	0.05x	0.75x	0.88x	1.35x	1.59x	0.73x	0.43x	0.52x
Interest Coverage	8.99x	4.84x	8.77x	9.09x	13.90x	13.75x	5.17x	11.58x	28.51x	35.17x
Total Equity+	19.29B	27.71B	43.55B	62.06B	93.4B	138.25B	146.04B	201.88B	285.97B	411.06B
Equity Growth %	44.09%	43.68%	57.17%	42.51%	50.51%	48.01%	5.64%	38.23%	41.66%	43.74%
Book Value per Share	1.99	2.81	4.35	6.16	9.16	13.42	14.33	19.24	26.67	37.84
Total Shareholders' Equity	19.29B	27.71B	43.55B	62.06B	93.4B	138.25B	146.04B	201.88B	285.97B	411.06B
Common Stock	5M	5M	5M	5M	5M	106M	108M	109M	111M	112M
Retained Earnings	4.92B	8.64B	19.63B	31.22B	52.55B	85.92B	83.19B	113.62B	172.87B	250.54B
Treasury Stock	-1.84B	-1.84B	-1.84B	-1.84B	-1.84B	-1.84B	-7.84B	-7.84B	-7.84B	-7.84B
Accumulated OCI	-985M	-484M	-1.03B	-986M	-180M	-1.38B	-4.49B	-3.04B	-34M	28.23B
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	17.2B	18.36B	30.72B	38.51B	66.06B	46.33B	46.75B	84.95B	115.88B	139.51B
Operating CF Margin %	12.65%	10.33%	13.19%	13.73%	17.11%	9.86%	9.1%	14.78%	18.16%	19.46%
Operating CF Growth %	42.89%	6.75%	67.29%	25.36%	71.53%	-29.88%	0.92%	81.69%	36.41%	20.4%
Net Income	2.37B	3.03B	10.07B	11.59B	21.33B	33.36B	-2.72B	30.43B	59.25B	77.67B
Depreciation & Amortization	8.12B	11.48B	15.34B	21.79B	25.25B	34.3B	41.92B	48.66B	52.8B	65.76B
Stock-Based Compensation	2.98B	4.21B	5.42B	6.86B	9.21B	12.76B	19.62B	24.02B	22.01B	19.47B
Deferred Taxes	-246M	-29M	441M	796M	-554M	-310M	-8.15B	-5.88B	-4.65B	11.47B
Other Non-Cash Items	-10.66B	-90M	493M	-85M	-2.65B	-14.17B	16.97B	-748M	2.01B	-14.88B
Working Capital Changes	3.85B	-242M	-1.04B	-2.44B	13.48B	-19.61B	-20.89B	-11.54B	-15.54B	-19.97B
Change in Receivables	-3.44B	-4.78B	-4.62B	-7.68B	-8.17B	-9.14B	-8.62B	-8.35B	-3.25B	-7.33B
Change in Inventory	-1.43B	-3.58B	-1.31B	-3.28B	-2.85B	-9.49B	-2.59B	1.45B	-1.88B	-3B
Change in Payables	5.03B	7.1B	3.26B	8.19B	17.48B	3.6B	2.94B	5.47B	2.97B	11.23B
Cash from Investing+	-9.52B	-27.08B	-12.37B	-24.28B	-59.61B	-58.15B	-37.6B	-49.83B	-94.34B	-142.54B
Capital Expenditures	-7.8B	-11.96B	-13.43B	-16.86B	-40.14B	-61.05B	-63.65B	-52.73B	-83B	-131.82B
CapEx % of Revenue	5.74%	6.72%	5.77%	6.01%	10.4%	12.99%	12.38%	9.17%	13.01%	18.39%
Acquisitions	-116M	-13.97B	-2.19B	-2.46B	-2.33B	-1.99B	-8.32B	-5.84B	-7.08B	-3.84B
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.07B	1.9B	2.1B	4.17B	5.1B	5.66B	5.32B	4.6B	5.34B	3.5B
Cash from Financing+	-3.72B	9.93B	-7.69B	-10.07B	-1.1B	6.29B	9.72B	-15.88B	-11.81B	9.66B
Debt Issued (Net)	-3.72B	9.93B	-7.69B	-10.07B	-1.1B	6.29B	15.72B	-15.88B	-11.81B	10.18B
Equity Issued (Net)	0	0	0	0	0	0	-1000K	0	0	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	-6B	0	0	0
Other Financing	0	0	0	0	0	0	0	0	0	-519M
Net Change in Cash	3.76B	1.92B	10.32B	4.24B	5.97B	-5.9B	17.78B	19.64B	8.42B	7.79B
Free Cash Flow+	9.4B	6.41B	17.3B	21.65B	25.92B	-14.73B	-16.89B	32.22B	32.88B	7.7B
FCF Margin %	6.91%	3.6%	7.43%	7.72%	6.71%	-3.13%	-3.29%	5.61%	5.15%	1.07%
FCF Growth %	41.3%	-31.8%	169.83%	25.19%	19.72%	-156.8%	-14.72%	290.71%	2.05%	-76.6%
FCF per Share	0.97	0.65	1.73	2.15	2.54	-1.43	-1.66	3.07	3.07	0.71
FCF Conversion (FCF/Net Income)	7.26x	6.06x	3.05x	3.32x	3.10x	1.39x	-17.18x	2.79x	1.96x	1.80x
Interest Paid	496M	647M	1.43B	1.56B	1.63B	1.77B	2.14B	3.11B	2.36B	1.84B
Taxes Paid	412M	957M	1.18B	881M	1.71B	3.69B	6.04B	11.18B	12.31B	8.29B

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	14.52%	12.91%	28.27%	21.95%	27.44%	28.81%	-1.92%	17.49%	24.29%	22.29%
Return on Invested Capital (ROIC)	24.33%	10.22%	20.69%	16.26%	15.28%	10.54%	4.08%	11.14%	17.09%	14.71%
Gross Margin	35.09%	37.07%	40.25%	40.99%	39.57%	42.03%	43.81%	46.98%	48.85%	50.29%
Net Margin	1.74%	1.71%	4.33%	4.13%	5.53%	7.1%	-0.53%	5.29%	9.29%	10.83%
Debt / Equity	0.79x	1.37x	0.76x	1.02x	0.90x	0.84x	0.96x	0.67x	0.46x	0.37x
Interest Coverage	8.99x	4.84x	8.77x	9.09x	13.90x	13.75x	5.17x	11.58x	28.51x	35.17x
FCF Conversion	7.26x	6.06x	3.05x	3.32x	3.10x	1.39x	-17.18x	2.79x	1.96x	1.80x
Revenue Growth	27.08%	30.8%	30.93%	20.45%	37.62%	21.7%	9.4%	11.83%	10.99%	12.38%

Amazon.com, Inc. (AMZN) 10-Year Financial Performance & Capital Metrics

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Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

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Profit & Loss

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Deep Dive Analysis

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Dividend History

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Revenue History

Financial Ratios

Amazon.com, Inc. (AMZN) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare AMZN vs Peers

vs BABA

vs PDD

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios