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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%+1.4pp50.3%+1.4pp50%+1.6pp49.6%+1.6pp49.2%+1.6pp
Operating margin11.5%+0.5pp11.2%+0.4pp11%+1.3pp11.4%+2.4pp11%+3.0pp
Net margin10.6%+0.5pp9.2%-0.1pp11.1%+3.0pp10.5%+3.2pp10.1%+3.8pp
EBITDA margin19.6%0.0pp18.9%-0.1pp20%+2.0pp20.1%+2.9pp19.5%+3.2pp
Free cash flow margin1.4%-1.8pp2.9%-2.3pp1.5%-5.4pp2%-6.0pp3.2%-4.5pp
Returns
Return on equity21.1%-4.1pp18.9%-5.4pp24.3%+1.8pp24.8%+2.8pp25.2%+4.9pp
Return on assets10.1%-1.1pp9.1%-1.1pp11.7%+2.3pp11.4%+2.8pp11.2%+3.7pp
Return on invested capital14%-3.8pp15%-3.6pp15.7%-0.4pp17.4%+2.3pp17.8%+4.0pp
Efficiency
Asset turnover1×-0.2×1×-0.1×1.1×-0.1×1.1×-0.1×1.1×-0.1×
Inventory turnover10.1×+0.3×9.8×+0.2×8.9×0.0×9×+0.1×9.9×+0.4×
Liquidity
Current ratio1.2×+0.1×1.1×0.0×1×-0.1×1×-0.1×1×0.0×
Quick ratio1×+0.2×0.9×0.0×0.8×-0.1×0.8×-0.1×0.8×0.0×
Cash ratio0.5×+0.1×0.4×0.0×0.3×-0.1×0.3×-0.1×0.4×-0.1×
Leverage
Debt-to-equity0.5×0.0×0.4×-0.1×0.4×-0.2×0.5×-0.2×0.5×-0.2×
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×+0.1×0.6×-0.1×0.7×0.0×0.7×-0.1×
Interest coverage33.7×+2.6×35.2×+6.7×35.2×+11.4×34.2×+14.4×31.1×+15.4×
Per Share
Book value per share$40.64+43.4%$37.97+42.3%$34.08+41.2%$30.89+39.9%$28.34+39.6%
Valuation
Market capitalization$2.24T+10.9%$2.47T+7.0%$2.34T+19.7%$2.26T+12.3%$2.02T+7.6%
Enterprise value$2.37T+12.5%$2.56T+7.5%$2.43T+19.5%$2.36T+12.7%$2.1T+7.7%
Price / earnings28.3×-2.3×37.4×-1.5×30.6×-8.6×32×-13.3×30.6×-19.1×
Price / sales3×-0.1×3.4×-0.2×3.4×+0.2×3.4×0.0×3.1×-0.1×
Price / book5.1×-1.5×6×-2.1×6.3×-1.2×6.8×-1.7×6.6×-2.1×
EV / EBITDA16.3×-0.3×18.9×-0.7×17.6×-0.6×17.5×-2.6×16.6×-3.7×
EV / sales3.2×0.0×3.6×-0.2×3.5×+0.2×3.5×+0.1×3.2×-0.1×
Free cash flow yield0.5%-0.6pp0.8%-0.6pp0.5%-1.7pp0.6%-1.8pp1%-1.4pp
Earnings yield3.5%+0.3pp2.7%+0.1pp3.3%+0.7pp3.1%+0.9pp3.3%+1.3pp
PEG ratio1.4×+1.0×3.3×+2.9×0.6×—0.5×—0.4×—

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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.