|AMZN Overview
AMZN

AMAZON COM INC

Consumer Discretionary • CIK: 0001018724

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Market Cap
$2.46T
P/E (TTM)
31.7x
Rev Growth (TTM)
+12.4%
Net Margin (TTM)
10.8%
FCF Yield (TTM)
0.3%
FCF Margin (TTM)
1.1%

LATEST EARNINGS

Q4 FY2025
8 days ago
View source
Revenue
Net Income
EPS
  • Net sales increased 10% to $187.8 billion in Q4 2024, accelerating from prior periods.
  • Operating income increased to $21.0 billion in Q4 2024, compared to $12.3 billion in Q4 2023.
  • Diluted earnings per share increased to $1.86 in Q4 2024, up from $1.00 in Q4 2023.
  • Operating margin improved to 11.2% in Q4 2024, up from 6.5% in Q4 2023.

Cash Flow Health

Free Cash Flow7/8 positive
TTM$7.7B
Q4 '25
$14.9B+3374%
Q3 '25
$430M+30%
FCF Margin
TTM1.1%
Q4 '257.0%+2833%
Sector: 4.9%Below Avg
OCF Margin19.5%
OCF/NI1.80x
CapEx Coverage1.1x
FCF Yield0.3%
FCF Growth (2Y)
Cash Conversion Cycle
-33 days
DSO: 30+DIO: 40DPO: 103

Capital Allocation & Returns

Total Shareholder Yield
TTM0.0%
Div Yield0.0%

Insufficient data

Dividend & Payout Metrics
Dividend Yield (TTM)0.0%
Free Cash Flow (TTM)$7.7B
Capital Return / FCF0.0%
Est. Dividends Paid (TTM)$0
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
21.7%
Stable
-0.1% YoY+2.0%
P25MedianP75
75th pctl (med: 0.2%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
9.0%
Asset Turnover
1.03x
8Q: 1.09x
Leverage (1+D/E)
1.17x
D/E: 0.17x
DuPont: 10.8%21.7% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
2.39x
8Q:2.63x
-26.3%
Invested Cap Turn
2.43x
8Q:2.71x
-51.5%
CapEx Intensity
44.6%
8Q:43.4%
CapEx/Depreciation
2.00x
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024
Revenue
$716.9B
$213.4B18.4%
$180.2B7.4%
$167.7B7.7%
$155.7B17.1%
$187.8B18.2%
$158.9B7.4%
$148.0B3.3%
$143.3B
Operating Income
$80.0B
$25.0B43.4%
$17.4B9.1%
$19.2B4.2%
$18.4B13.2%
$21.2B21.8%
$17.4B18.7%
$14.7B4.1%
$15.3B
Net Income
$77.7B
$21.2B0.0%
$21.2B16.6%
$18.2B6.1%
$17.1B14.4%
$20.0B30.5%
$15.3B13.7%
$13.5B29.3%
$10.4B
Operating Cash Flow
$139.5B
$54.5B53.3%
$35.5B9.3%
$32.5B91.1%
$17.0B62.7%
$45.6B75.7%
$26.0B2.7%
$25.3B33.1%
$19.0B
Free Cash Flow
$7.7B
$14.9B3373.7%
$430.0M29.5%
$332.0M104.1%
$-8.0B145.0%
$17.8B431.2%
$3.4B56.3%
$7.7B88.5%
$4.1B
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
31.7x
Valuation Lenses
Earnings
31.7x
vs sector
Cash Flow
290.1x
EV/FCF vs
Growth-Adj
1.1xPEG
Fair for growth
Quality-Adj
1.5P/E per %ROIC
ROIC: 21.7%
Shareholder Returns
Dividend
Buyback
Total Yield
Market Cap$2.46T
EV
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
96/100
Exceptional

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Above Avg
22.9%
8Q:
Return on Invested Capital (ROIC)Top 25%
21.7%
8Q:
Flat
vs Sector:0.2%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 9.0%
Asset Turnover: 1.03x

Earnings Quality

Cash Conversion

1.80x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin50.3%

Capital Efficiency

Invested Capital Turnover2.43x

Working Capital

Cash Conversion Cycle-33 days

Growth Quality & Momentum

Moderate Growth
Growth Quality Score
62/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
12.4%
OpInc Growth YoY
17.8%
EPS Growth YoY
29.7%
FCF 3Y CAGR
N/A

Margin Quality & Sustainability

Low Quality
Profitability Cascade
Gross
50.3%
Operating
11.2%
Above Avg in sector
Net
10.8%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
-9.8 pts
FCF: 1.1% | Net: 10.8%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $57.47B
Interest Coverage
+Net cash position: $57.47B
Leverage Metrics
Debt-to-Equity
0.17x
Balance sheet risk & solvency analysis