Amazon AMZN Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 200.5%+6.1pp | 199.1%+6.2pp | 197.7%+6.6pp | 196%+7.2pp | 194.5%+8.1pp | |
| Operating margin | 45%+4.5pp | 44.6%+7.0pp | 44.2%+11.0pp | 42.9%+14.7pp | 40.5%+18.1pp | |
| Net margin | 41.4%+6.6pp | 40.9%+9.9pp | 41%+14.0pp | 38%— | 34.8%— | |
| EBITDA margin | 78.6%+4.8pp | 78.5%+7.9pp | 78.7%+12.2pp | 76.7%+14.9pp | 73.8%+17.4pp | |
| Free cash flow margin | 7.9%-15.4pp | 9.6%-18.2pp | 11.9%-16.4pp | 17.3%— | 23.3%— | |
| Returns | ||||||
| Return on equity | 89.2%-4.9pp | 93.3%+4.2pp | 98.6%+16.3pp | 96.9%— | 94%— | |
| Return on assets | 42.4%+2.9pp | 43.4%+7.7pp | 44.6%+13.0pp | 42.2%— | 39.4%— | |
| Return on invested capital | 62.1%-5.4pp | 65.9%+2.4pp | 69.5%+13.3pp | 69.9%+21.3pp | 67.6%+27.5pp | |
| Efficiency | ||||||
| Asset turnover | 4.1×-0.5× | 4.2×-0.4× | 4.4×-0.3× | 4.5×-0.3× | 4.5×-0.2× | |
| Inventory turnover | 37.9×+0.5× | 37.6×+0.6× | 37.4×+1.1× | 37.5×+1.9× | 37.4×+2.8× | |
| Liquidity | ||||||
| Current ratio | 4.3×0.0× | 4.1×-0.2× | 4.1×-0.2× | 4.2×0.0× | 4.3×+0.2× | |
| Quick ratio | 3.5×0.0× | 3.3×-0.2× | 3.3×-0.1× | 3.4×+0.1× | 3.5×+0.3× | |
| Cash ratio | 1.5×-0.2× | 1.4×-0.4× | 1.5×-0.4× | 1.6×-0.1× | 1.7×+0.1× | |
| Leverage | ||||||
| Debt-to-equity | 1.8×-0.4× | 1.8×-0.6× | 1.9×-0.8× | 2.1×-0.9× | 2.3×-1.0× | |
| Debt-to-assets | 0.9×-0.1× | 0.9×-0.2× | 0.9×-0.2× | 1×-0.2× | 1×-0.2× | |
| Net debt / EBITDA | 2.9×+0.2× | 2.7×-0.2× | 2.6×-0.6× | 2.7×-1.2× | 2.7×-2.1× | |
| Interest coverage | 138.3×+35.1× | 135.7×+47.8× | 129×+58.1× | 117.6×+62.1× | 103.2×+61.5× | |
| Per Share | ||||||
| Book value per share | $143.58+41.8% | $131.28+40.9% | $119.98+39.9% | $110.04+39.4% | $101.24+38.7% | |
| Valuation | ||||||
| Market capitalization | $9.3T+12.2% | $9.08T+11.5% | $8.92T+20.4% | $8.54T+26.2% | $8.29T+36.1% | |
| Enterprise value | $9.71T+12.8% | $9.45T+11.7% | $9.27T+20.0% | $8.87T+24.8% | $8.61T+33.1% | |
| Price / earnings | 128.3×-25.7× | 130.6×-42.6× | 132.1×-53.7× | 140.7×— | 154×— | |
| Price / sales | 13.2×0.0× | 13.3×0.0× | 13.5×+1.1× | 13.2×+1.6× | 13.2×+2.4× | |
| Price / book | 24.2×-6.5× | 25.7×-7.1× | 27.8×-4.7× | 29×-3.1× | 30.7×-0.8× | |
| EV / EBITDA | 70.2×-4.2× | 70.5×-7.6× | 71.2×-6.6× | 71.9×-6.9× | 74.5×-7.0× | |
| EV / sales | 13.8×+0.1× | 13.8×+0.1× | 14×+1.1× | 13.8×+1.6× | 13.7×+2.3× | |
| Free cash flow yield | 2.4%-4.7pp | 2.9%-5.5pp | 3.5%-5.6pp | 5.3%— | 7.1%— | |
| Earnings yield | 12.6%+2.0pp | 12.3%+3.0pp | 12.2%+3.5pp | 11.5%— | 10.6%— | |
| PEG ratio | 5.8×— | 4.8×— | 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.
