Amazon AMZN Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 200.5%+1.4pp | 199.1%+1.4pp | 197.7%+1.6pp | 196%+1.6pp | 194.5%+1.6pp | |
| Operating margin | 45%+0.5pp | 44.6%+0.4pp | 44.2%+1.3pp | 42.9%+2.4pp | 40.5%+3.0pp | |
| Net margin | 41.4%+0.5pp | 40.9%-0.1pp | 41%+3.0pp | 38%+3.2pp | 34.8%+3.8pp | |
| EBITDA margin | 78.6%0.0pp | 78.5%-0.1pp | 78.7%+2.0pp | 76.7%+2.9pp | 73.8%+3.2pp | |
| Free cash flow margin | 7.9%-1.8pp | 9.6%-2.3pp | 11.9%-5.4pp | 17.3%-6.0pp | 23.3%-4.5pp | |
| Returns | ||||||
| Return on equity | 89.2%-4.1pp | 93.3%-5.4pp | 98.6%+1.8pp | 96.9%+2.8pp | 94%+4.9pp | |
| Return on assets | 42.4%-1.1pp | 43.4%-1.1pp | 44.6%+2.3pp | 42.2%+2.8pp | 39.4%+3.7pp | |
| Return on invested capital | 62.1%-3.8pp | 65.9%-3.6pp | 69.5%-0.4pp | 69.9%+2.3pp | 67.6%+4.0pp | |
| Efficiency | ||||||
| Asset turnover | 4.1×-0.2× | 4.2×-0.1× | 4.4×-0.1× | 4.5×-0.1× | 4.5×-0.1× | |
| Inventory turnover | 37.9×+0.3× | 37.6×+0.2× | 37.4×0.0× | 37.5×+0.1× | 37.4×+0.4× | |
| Liquidity | ||||||
| Current ratio | 4.3×+0.1× | 4.1×0.0× | 4.1×-0.1× | 4.2×-0.1× | 4.3×0.0× | |
| Quick ratio | 3.5×+0.2× | 3.3×0.0× | 3.3×-0.1× | 3.4×-0.1× | 3.5×0.0× | |
| Cash ratio | 1.5×+0.1× | 1.4×0.0× | 1.5×-0.1× | 1.6×-0.1× | 1.7×-0.1× | |
| Leverage | ||||||
| Debt-to-equity | 1.8×0.0× | 1.8×-0.1× | 1.9×-0.2× | 2.1×-0.2× | 2.3×-0.2× | |
| Debt-to-assets | 0.9×0.0× | 0.9×0.0× | 0.9×0.0× | 1×0.0× | 1×0.0× | |
| Net debt / EBITDA | 2.9×+0.2× | 2.7×+0.1× | 2.6×-0.1× | 2.7×0.0× | 2.7×-0.1× | |
| Interest coverage | 138.3×+2.6× | 135.7×+6.7× | 129×+11.4× | 117.6×+14.4× | 103.2×+15.4× | |
| Per Share | ||||||
| Book value per share | $143.58+9.4% | $131.28+9.4% | $119.98+9.0% | $110.04+8.7% | $101.24+8.6% | |
| Valuation | ||||||
| Market capitalization | $9.3T+2.4% | $9.08T+1.8% | $8.92T+4.5% | $8.54T+3.0% | $8.29T+1.8% | |
| Enterprise value | $9.71T+2.8% | $9.45T+1.9% | $9.27T+4.5% | $8.87T+3.1% | $8.61T+1.8% | |
| Price / earnings | 128.3×-2.3× | 130.6×-1.5× | 132.1×-8.6× | 140.7×-13.3× | 154×-19.1× | |
| Price / sales | 13.2×-0.1× | 13.3×-0.2× | 13.5×+0.2× | 13.2×0.0× | 13.2×-0.1× | |
| Price / book | 24.2×-1.5× | 25.7×-2.1× | 27.8×-1.2× | 29×-1.7× | 30.7×-2.1× | |
| EV / EBITDA | 70.2×-0.3× | 70.5×-0.7× | 71.2×-0.6× | 71.9×-2.6× | 74.5×-3.7× | |
| EV / sales | 13.8×0.0× | 13.8×-0.2× | 14×+0.2× | 13.8×+0.1× | 13.7×-0.1× | |
| Free cash flow yield | 2.4%-0.6pp | 2.9%-0.6pp | 3.5%-1.7pp | 5.3%-1.8pp | 7.1%-1.4pp | |
| Earnings yield | 12.6%+0.3pp | 12.3%+0.1pp | 12.2%+0.7pp | 11.5%+0.9pp | 10.6%+1.3pp | |
| PEG ratio | 5.8×+1.0× | 4.8×+2.9× | 1.9×— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
