AMAZON.COM INC (AMZN) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:AMZN • US0231351067

222.76 USD
-10.23 (-4.39%)
Last: Feb 5, 2026, 03:33 PM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to AMZN. AMZN was compared to 30 industry peers in the Broadline Retail industry. While AMZN belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. AMZN shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • AMZN had positive earnings in the past year.
  • AMZN had a positive operating cash flow in the past year.
  • Of the past 5 years AMZN 4 years were profitable.
  • Each year in the past 5 years AMZN had a positive operating cash flow.
AMZN Yearly Net Income VS EBIT VS OCF VS FCFAMZN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B 40B 60B 80B 100B

1.2 Ratios

  • AMZN's Return On Assets of 10.51% is amongst the best of the industry. AMZN outperforms 90.00% of its industry peers.
  • Looking at the Return On Equity, with a value of 20.69%, AMZN belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 11.98%, AMZN is doing good in the industry, outperforming 80.00% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for AMZN is in line with the industry average of 9.28%.
  • The last Return On Invested Capital (11.98%) for AMZN is above the 3 year average (8.31%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 10.51%
ROE 20.69%
ROIC 11.98%
ROA(3y)4.89%
ROA(5y)5.85%
ROE(3y)11.31%
ROE(5y)16.18%
ROIC(3y)8.31%
ROIC(5y)8.44%
AMZN Yearly ROA, ROE, ROICAMZN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15 20

1.3 Margins

  • AMZN has a better Profit Margin (11.06%) than 86.67% of its industry peers.
  • AMZN's Profit Margin has improved in the last couple of years.
  • With a decent Operating Margin value of 11.02%, AMZN is doing good in the industry, outperforming 80.00% of the companies in the same industry.
  • In the last couple of years the Operating Margin of AMZN has grown nicely.
  • The Gross Margin of AMZN (50.05%) is better than 70.00% of its industry peers.
  • AMZN's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 11.02%
PM (TTM) 11.06%
GM 50.05%
OM growth 3Y26.58%
OM growth 5Y15.69%
PM growth 3Y9.36%
PM growth 5Y17.59%
GM growth 3Y5.14%
GM growth 5Y3.57%
AMZN Yearly Profit, Operating, Gross MarginsAMZN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40

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4

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so AMZN is still creating some value.
  • Compared to 1 year ago, AMZN has more shares outstanding
  • AMZN has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for AMZN has been reduced compared to a year ago.
AMZN Yearly Shares OutstandingAMZN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B
AMZN Yearly Total Debt VS Total AssetsAMZN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200B 400B 600B

2.2 Solvency

  • An Altman-Z score of 5.91 indicates that AMZN is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 5.91, AMZN belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
  • AMZN has a debt to FCF ratio of 4.81. This is a neutral value as AMZN would need 4.81 years to pay back of all of its debts.
  • With a Debt to FCF ratio value of 4.81, AMZN perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
  • A Debt/Equity ratio of 0.14 indicates that AMZN is not too dependend on debt financing.
  • AMZN has a Debt to Equity ratio of 0.14. This is in the better half of the industry: AMZN outperforms 76.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 4.81
Altman-Z 5.91
ROIC/WACC1.36
WACC8.83%
AMZN Yearly LT Debt VS Equity VS FCFAMZN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100B 200B

2.3 Liquidity

  • A Current Ratio of 1.01 indicates that AMZN should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.01, AMZN is doing worse than 83.33% of the companies in the same industry.
  • A Quick Ratio of 0.80 indicates that AMZN may have some problems paying its short term obligations.
  • AMZN has a worse Quick ratio (0.80) than 76.67% of its industry peers.
Industry RankSector Rank
Current Ratio 1.01
Quick Ratio 0.8
AMZN Yearly Current Assets VS Current LiabilitesAMZN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B 150B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. Growth

3.1 Past

  • AMZN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 51.61%, which is quite impressive.
  • Measured over the past years, AMZN shows a very strong growth in Earnings Per Share. The EPS has been growing by 36.89% on average per year.
  • AMZN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.48%.
  • Measured over the past years, AMZN shows a quite strong growth in Revenue. The Revenue has been growing by 17.86% on average per year.
EPS 1Y (TTM)51.61%
EPS 3Y37.19%
EPS 5Y36.89%
EPS Q2Q%36.36%
Revenue 1Y (TTM)11.48%
Revenue growth 3Y10.74%
Revenue growth 5Y17.86%
Sales Q2Q%13.4%

3.2 Future

  • Based on estimates for the next years, AMZN will show a very strong growth in Earnings Per Share. The EPS will grow by 20.82% on average per year.
  • The Revenue is expected to grow by 11.20% on average over the next years. This is quite good.
EPS Next Y31.73%
EPS Next 2Y21.07%
EPS Next 3Y21.22%
EPS Next 5Y20.82%
Revenue Next Year12.08%
Revenue Next 2Y11.7%
Revenue Next 3Y11.5%
Revenue Next 5Y11.2%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
AMZN Yearly Revenue VS EstimatesAMZN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500B 1T 1.5T
AMZN Yearly EPS VS EstimatesAMZN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 5 10 15 20

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Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 31.46, which means the current valuation is very expensive for AMZN.
  • AMZN's Price/Earnings is on the same level as the industry average.
  • The average S&P500 Price/Earnings ratio is at 28.25. AMZN is around the same levels.
  • A Price/Forward Earnings ratio of 27.48 indicates a quite expensive valuation of AMZN.
  • Based on the Price/Forward Earnings ratio, AMZN is valued a bit more expensive than 60.00% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.50, AMZN is valued at the same level.
Industry RankSector Rank
PE 31.46
Fwd PE 27.48
AMZN Price Earnings VS Forward Price EarningsAMZN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as AMZN.
  • AMZN's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. AMZN is more expensive than 63.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF 225.51
EV/EBITDA 17.52
AMZN Per share dataAMZN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • AMZN has an outstanding profitability rating, which may justify a higher PE ratio.
  • AMZN's earnings are expected to grow with 21.22% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.99
PEG (5Y)0.85
EPS Next 2Y21.07%
EPS Next 3Y21.22%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • AMZN does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

AMAZON.COM INC

NASDAQ:AMZN (2/5/2026, 3:33:10 PM)

222.76

-10.23 (-4.39%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)10-30
Earnings (Next)02-05
Inst Owners66.62%
Inst Owner Change-2.73%
Ins Owners9.02%
Ins Owner Change-0.17%
Market Cap2.38T
Revenue(TTM)691.33B
Net Income(TTM)76.48B
Analysts84.42
Price Target297.26 (33.44%)
Short Float %0.8%
Short Ratio1.95
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)22.76%
Min EPS beat(2)21.49%
Max EPS beat(2)24.03%
EPS beat(4)4
Avg EPS beat(4)20.5%
Min EPS beat(4)14.44%
Max EPS beat(4)24.03%
EPS beat(8)8
Avg EPS beat(8)20.32%
EPS beat(12)12
Avg EPS beat(12)32.14%
EPS beat(16)14
Avg EPS beat(16)26.96%
Revenue beat(2)1
Avg Revenue beat(2)0.38%
Min Revenue beat(2)-0.66%
Max Revenue beat(2)1.43%
Revenue beat(4)1
Avg Revenue beat(4)-0.63%
Min Revenue beat(4)-1.7%
Max Revenue beat(4)1.43%
Revenue beat(8)2
Avg Revenue beat(8)-0.86%
Revenue beat(12)5
Avg Revenue beat(12)-0.56%
Revenue beat(16)5
Avg Revenue beat(16)-0.81%
PT rev (1m)0.06%
PT rev (3m)9.16%
EPS NQ rev (1m)0.76%
EPS NQ rev (3m)5.26%
EPS NY rev (1m)0.01%
EPS NY rev (3m)6.35%
Revenue NQ rev (1m)0.02%
Revenue NQ rev (3m)1.54%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)0.8%
Valuation
Industry RankSector Rank
PE 31.46
Fwd PE 27.48
P/S 3.44
P/FCF 225.51
P/OCF 18.22
P/B 6.44
P/tB 6.88
EV/EBITDA 17.52
EPS(TTM)7.08
EY3.18%
EPS(NY)8.11
Fwd EY3.64%
FCF(TTM)0.99
FCFY0.44%
OCF(TTM)12.23
OCFY5.49%
SpS64.67
BVpS34.58
TBVpS32.4
PEG (NY)0.99
PEG (5Y)0.85
Graham Number74.22
Profitability
Industry RankSector Rank
ROA 10.51%
ROE 20.69%
ROCE 14.3%
ROIC 11.98%
ROICexc 14.56%
ROICexgc 15.37%
OM 11.02%
PM (TTM) 11.06%
GM 50.05%
FCFM 1.53%
ROA(3y)4.89%
ROA(5y)5.85%
ROE(3y)11.31%
ROE(5y)16.18%
ROIC(3y)8.31%
ROIC(5y)8.44%
ROICexc(3y)10.81%
ROICexc(5y)12.21%
ROICexgc(3y)12.01%
ROICexgc(5y)13.98%
ROCE(3y)9.97%
ROCE(5y)10.12%
ROICexgc growth 3Y12.76%
ROICexgc growth 5Y-0.85%
ROICexc growth 3Y13.59%
ROICexc growth 5Y2.43%
OM growth 3Y26.58%
OM growth 5Y15.69%
PM growth 3Y9.36%
PM growth 5Y17.59%
GM growth 3Y5.14%
GM growth 5Y3.57%
F-Score6
Asset Turnover0.95
Health
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 4.81
Debt/EBITDA 0.37
Cap/Depr 194.02%
Cap/Sales 17.38%
Interest Coverage 35.33
Cash Conversion 94.62%
Profit Quality 13.81%
Current Ratio 1.01
Quick Ratio 0.8
Altman-Z 5.91
F-Score6
WACC8.83%
ROIC/WACC1.36
Cap/Depr(3y)139.13%
Cap/Depr(5y)150.87%
Cap/Sales(3y)11.52%
Cap/Sales(5y)11.59%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)51.61%
EPS 3Y37.19%
EPS 5Y36.89%
EPS Q2Q%36.36%
EPS Next Y31.73%
EPS Next 2Y21.07%
EPS Next 3Y21.22%
EPS Next 5Y20.82%
Revenue 1Y (TTM)11.48%
Revenue growth 3Y10.74%
Revenue growth 5Y17.86%
Sales Q2Q%13.4%
Revenue Next Year12.08%
Revenue Next 2Y11.7%
Revenue Next 3Y11.5%
Revenue Next 5Y11.2%
EBIT growth 1Y25.75%
EBIT growth 3Y40.17%
EBIT growth 5Y36.35%
EBIT Next Year152.76%
EBIT Next 3Y55.87%
EBIT Next 5Y41.75%
FCF growth 1Y-37.59%
FCF growth 3YN/A
FCF growth 5Y8.71%
OCF growth 1Y82.39%
OCF growth 3Y35.74%
OCF growth 5Y24.65%

AMAZON.COM INC / AMZN FAQ

Can you provide the ChartMill fundamental rating for AMAZON.COM INC?

ChartMill assigns a fundamental rating of 6 / 10 to AMZN.


What is the valuation status of AMAZON.COM INC (AMZN) stock?

ChartMill assigns a valuation rating of 3 / 10 to AMAZON.COM INC (AMZN). This can be considered as Overvalued.


What is the profitability of AMZN stock?

AMAZON.COM INC (AMZN) has a profitability rating of 8 / 10.


What is the earnings growth outlook for AMAZON.COM INC?

The Earnings per Share (EPS) of AMAZON.COM INC (AMZN) is expected to grow by 31.73% in the next year.