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Amazon AMZN Ratios & Valuation

Income StatementBalance SheetCash FlowRatiosSegments
QuarterlyAnnualTTM
YoYQoQ
SimplifiedDetailed
Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin50.6%+0.3pp50.3%+0.2pp50%+0.4pp49.6%+0.4pp49.2%+0.3pp
Operating margin11.5%+0.3pp11.2%+0.1pp11%-0.3pp11.4%+0.3pp11%+0.3pp
Net margin10.6%+1.4pp9.2%-1.9pp11.1%+0.5pp10.5%+0.4pp10.1%+0.9pp
EBITDA margin19.6%+0.7pp18.9%-1.1pp20%-0.1pp20.1%+0.6pp19.5%+0.5pp
Free cash flow margin1.4%-1.5pp2.9%+1.4pp1.5%-0.5pp2%-1.2pp3.2%-2.0pp
Returns
Return on equity21.1%+2.2pp18.9%-5.4pp24.3%-0.4pp24.8%-0.5pp25.2%+1.0pp
Return on assets10.1%+1.0pp9.1%-2.5pp11.7%+0.2pp11.4%+0.2pp11.2%+1.0pp
Return on invested capital14%-1.0pp15%-0.8pp15.7%-1.7pp17.4%-0.4pp17.8%-0.8pp
Efficiency
Asset turnover1×0.0×1×-0.1×1.1×0.0×1.1×0.0×1.1×0.0×
Inventory turnover10.1×+0.3×9.8×+0.9×8.9×-0.1×9×-0.9×9.9×+0.2×
Liquidity
Current ratio1.2×+0.1×1.1×0.0×1×0.0×1×0.0×1×0.0×
Quick ratio1×+0.1×0.9×+0.1×0.8×0.0×0.8×0.0×0.8×0.0×
Cash ratio0.5×+0.1×0.4×+0.1×0.3×0.0×0.3×-0.1×0.4×-0.1×
Leverage
Debt-to-equity0.5×+0.1×0.4×0.0×0.4×0.0×0.5×0.0×0.5×0.0×
Debt-to-assets0.3×0.0×0.2×0.0×0.2×0.0×0.2×0.0×0.2×0.0×
Net debt / EBITDA0.9×+0.2×0.7×0.0×0.6×-0.1×0.7×0.0×0.7×+0.1×
Interest coverage33.7×-1.4×35.2×0.0×35.2×+1.0×34.2×+3.0×31.1×+2.6×
Per Share
Book value per share$40.64+7.0%$37.97+11.4%$34.08+10.3%$30.89+9.0%$28.34+6.2%
Valuation
Market capitalization$2.24T-9.4%$2.47T+5.4%$2.34T+3.7%$2.26T+12.0%$2.02T-12.6%
Enterprise value$2.37T-7.4%$2.56T+5.2%$2.43T+3.2%$2.36T+12.0%$2.1T-11.6%
Price / earnings28.3×-9.1×37.4×+6.8×30.6×-1.4×32×+1.4×30.6×-8.4×
Price / sales3×-0.4×3.4×+0.1×3.4×0.0×3.4×+0.3×3.1×-0.5×
Price / book5.1×-0.9×6×-0.3×6.3×-0.4×6.8×+0.2×6.6×-1.5×
EV / EBITDA16.3×-2.6×18.9×+1.3×17.6×+0.1×17.5×+0.9×16.6×-3.0×
EV / sales3.2×-0.4×3.6×0.0×3.5×0.0×3.5×+0.3×3.2×-0.5×
Free cash flow yield0.5%-0.4pp0.8%+0.4pp0.5%-0.1pp0.6%-0.4pp1%-0.4pp
Earnings yield3.5%+0.9pp2.7%-0.6pp3.3%+0.1pp3.1%-0.1pp3.3%+0.7pp
PEG ratio1.4×-1.9×3.3×+2.7×0.6×0.0×0.5×+0.1×0.4×0.0×

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Questions, answered.

What are Amazon's profit margins?
Amazon (AMZN) runs a 50.6% gross margin and a 11.5% operating margin, with a 10.6% net margin.
Where do Amazon's ratios come from?
Every ratio is computed from Amazon's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.