AMAZON.COM INC (AMZN) Fundamental Analysis & Valuation

NASDAQ:AMZN • US0231351067

213.21 USD
-5.73 (-2.62%)
At close: Mar 6, 2026
212.5 USD
-0.71 (-0.33%)
After Hours: 3/6/2026, 8:00:42 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This AMZN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

AMZN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 30 industry peers in the Broadline Retail industry. AMZN has an excellent profitability rating, but 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. AMZN Profitability Analysis

1.1 Basic Checks

  • AMZN had positive earnings in the past year.
  • AMZN had a positive operating cash flow in the past year.
  • AMZN had positive earnings in 4 of the past 5 years.
  • 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 2025 0 50B 100B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 9.49%, AMZN belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
  • AMZN has a better Return On Equity (18.89%) than 83.33% of its industry peers.
  • AMZN's Return On Invested Capital of 11.12% is fine compared to the rest of the industry. AMZN outperforms 73.33% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for AMZN is in line with the industry average of 9.19%.
  • The last Return On Invested Capital (11.12%) for AMZN is above the 3 year average (10.81%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 9.49%
ROE 18.89%
ROIC 11.12%
ROA(3y)8.25%
ROA(5y)6.42%
ROE(3y)18.23%
ROE(5y)15.39%
ROIC(3y)10.81%
ROIC(5y)8.68%
AMZN Yearly ROA, ROE, ROICAMZN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20

1.3 Margins

  • AMZN has a Profit Margin of 10.83%. This is amongst the best in the industry. AMZN outperforms 86.67% of its industry peers.
  • In the last couple of years the Profit Margin of AMZN has grown nicely.
  • The Operating Margin of AMZN (11.16%) is better than 83.33% of its industry peers.
  • AMZN's Operating Margin has improved in the last couple of years.
  • AMZN has a better Gross Margin (50.29%) than 70.00% of its industry peers.
  • AMZN's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 11.16%
PM (TTM) 10.83%
GM 50.29%
OM growth 3Y62.56%
OM growth 5Y13.47%
PM growth 3YN/A
PM growth 5Y14.42%
GM growth 3Y4.71%
GM growth 5Y4.91%
AMZN Yearly Profit, Operating, Gross MarginsAMZN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. AMZN Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), AMZN is creating some value.
  • AMZN has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, AMZN has more shares outstanding
  • AMZN has a better debt/assets ratio than last year.
AMZN Yearly Shares OutstandingAMZN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 200B 400B 600B 800B

2.2 Solvency

  • An Altman-Z score of 5.11 indicates that AMZN is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of AMZN (5.11) is better than 83.33% of its industry peers.
  • AMZN has a debt to FCF ratio of 8.53. This is a slightly negative value and a sign of low solvency as AMZN would need 8.53 years to pay back of all of its debts.
  • AMZN has a Debt to FCF ratio (8.53) which is in line with its industry peers.
  • AMZN has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
  • AMZN has a Debt to Equity ratio of 0.16. This is in the better half of the industry: AMZN outperforms 73.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 8.53
Altman-Z 5.11
ROIC/WACC1.22
WACC9.08%
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 2025 0 100B 200B 300B 400B

2.3 Liquidity

  • A Current Ratio of 1.05 indicates that AMZN should not have too much problems paying its short term obligations.
  • With a Current ratio value of 1.05, AMZN is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
  • AMZN has a Quick Ratio of 1.05. This is a bad value and indicates that AMZN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • AMZN has a Quick ratio of 0.88. This is in the lower half of the industry: AMZN underperforms 73.33% of its industry peers.
Industry RankSector Rank
Current Ratio 1.05
Quick Ratio 0.88
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 2025 50B 100B 150B 200B

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

7

3. AMZN Growth Analysis

3.1 Past

  • AMZN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 29.66%, 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 27.98% on average per year.
  • The Revenue has grown by 12.38% in the past year. This is quite good.
  • Measured over the past years, AMZN shows a quite strong growth in Revenue. The Revenue has been growing by 13.18% on average per year.
EPS 1Y (TTM)29.66%
EPS 3Y94.86%
EPS 5Y27.98%
EPS Q2Q%4.84%
Revenue 1Y (TTM)12.38%
Revenue growth 3Y11.73%
Revenue growth 5Y13.18%
Sales Q2Q%13.63%

3.2 Future

  • AMZN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.30% yearly.
  • AMZN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.20% yearly.
EPS Next Y13.82%
EPS Next 2Y17.5%
EPS Next 3Y21.24%
EPS Next 5Y19.3%
Revenue Next Year12.61%
Revenue Next 2Y12.11%
Revenue Next 3Y12.19%
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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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

2

4. AMZN Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 29.74, the valuation of AMZN can be described as expensive.
  • AMZN's Price/Earnings is on the same level as the industry average.
  • AMZN's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.29.
  • With a Price/Forward Earnings ratio of 26.13, AMZN can be considered very expensive at the moment.
  • Based on the Price/Forward Earnings ratio, AMZN is valued a bit more expensive than 60.00% of the companies in the same industry.
  • AMZN is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.57, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 29.74
Fwd PE 26.13
AMZN Price Earnings VS Forward Price EarningsAMZN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as AMZN.
  • 63.33% of the companies in the same industry are cheaper than AMZN, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 297.44
EV/EBITDA 15.49
AMZN Per share dataAMZN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • AMZN has an outstanding profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as AMZN's earnings are expected to grow with 21.24% in the coming years.
PEG (NY)2.15
PEG (5Y)1.06
EPS Next 2Y17.5%
EPS Next 3Y21.24%

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

0

5. AMZN Dividend Analysis

5.1 Amount

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

More info and screens

Find the best dividend stocksShow peers with best dividend

AMZN Fundamentals: All Metrics, Ratios and Statistics

AMAZON.COM INC

NASDAQ:AMZN (3/6/2026, 8:00:42 PM)

After market: 212.5 -0.71 (-0.33%)

213.21

-5.73 (-2.62%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)02-05
Earnings (Next)04-29
Inst Owners67.02%
Inst Owner Change2.74%
Ins Owners8.98%
Ins Owner Change-0.11%
Market Cap2.29T
Revenue(TTM)716.92B
Net Income(TTM)77.67B
Analysts84.21
Price Target284 (33.2%)
Short Float %0.89%
Short Ratio1.75
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)1
Avg EPS beat(2)9.23%
Min EPS beat(2)-3.03%
Max EPS beat(2)21.49%
EPS beat(4)3
Avg EPS beat(4)14.23%
Min EPS beat(4)-3.03%
Max EPS beat(4)24.03%
EPS beat(8)7
Avg EPS beat(8)17.18%
EPS beat(12)11
Avg EPS beat(12)28.57%
EPS beat(16)13
Avg EPS beat(16)23.06%
Revenue beat(2)0
Avg Revenue beat(2)-0.84%
Min Revenue beat(2)-1.01%
Max Revenue beat(2)-0.66%
Revenue beat(4)1
Avg Revenue beat(4)-0.45%
Min Revenue beat(4)-1.56%
Max Revenue beat(4)1.43%
Revenue beat(8)1
Avg Revenue beat(8)-1.02%
Revenue beat(12)4
Avg Revenue beat(12)-0.69%
Revenue beat(16)5
Avg Revenue beat(16)-0.75%
PT rev (1m)-4.46%
PT rev (3m)-3.53%
EPS NQ rev (1m)-5.27%
EPS NQ rev (3m)-5.41%
EPS NY rev (1m)0.68%
EPS NY rev (3m)2.28%
Revenue NQ rev (1m)1.04%
Revenue NQ rev (3m)1.14%
Revenue NY rev (1m)1.17%
Revenue NY rev (3m)1.83%
Valuation
Industry RankSector Rank
PE 29.74
Fwd PE 26.13
P/S 3.19
P/FCF 297.44
P/OCF 16.41
P/B 5.57
P/tB 5.9
EV/EBITDA 15.49
EPS(TTM)7.17
EY3.36%
EPS(NY)8.16
Fwd EY3.83%
FCF(TTM)0.72
FCFY0.34%
OCF(TTM)13
OCFY6.1%
SpS66.78
BVpS38.29
TBVpS36.12
PEG (NY)2.15
PEG (5Y)1.06
Graham Number78.6
Profitability
Industry RankSector Rank
ROA 9.49%
ROE 18.89%
ROCE 13.33%
ROIC 11.12%
ROICexc 13.99%
ROICexgc 14.71%
OM 11.16%
PM (TTM) 10.83%
GM 50.29%
FCFM 1.07%
ROA(3y)8.25%
ROA(5y)6.42%
ROE(3y)18.23%
ROE(5y)15.39%
ROIC(3y)10.81%
ROIC(5y)8.68%
ROICexc(3y)13.91%
ROICexc(5y)11.52%
ROICexgc(3y)15.17%
ROICexgc(5y)12.67%
ROCE(3y)12.96%
ROCE(5y)10.43%
ROICexgc growth 3Y42.44%
ROICexgc growth 5Y-6.84%
ROICexc growth 3Y45.5%
ROICexc growth 5Y-4.04%
OM growth 3Y62.56%
OM growth 5Y13.47%
PM growth 3YN/A
PM growth 5Y14.42%
GM growth 3Y4.71%
GM growth 5Y4.91%
F-Score6
Asset Turnover0.88
Health
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 8.53
Debt/EBITDA 0.45
Cap/Depr 200.47%
Cap/Sales 18.39%
Interest Coverage 41.03
Cash Conversion 95.73%
Profit Quality 9.91%
Current Ratio 1.05
Quick Ratio 0.88
Altman-Z 5.11
F-Score6
WACC9.08%
ROIC/WACC1.22
Cap/Depr(3y)155.34%
Cap/Depr(5y)159.17%
Cap/Sales(3y)13.52%
Cap/Sales(5y)13.19%
Profit Quality(3y)57.1%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)29.66%
EPS 3Y94.86%
EPS 5Y27.98%
EPS Q2Q%4.84%
EPS Next Y13.82%
EPS Next 2Y17.5%
EPS Next 3Y21.24%
EPS Next 5Y19.3%
Revenue 1Y (TTM)12.38%
Revenue growth 3Y11.73%
Revenue growth 5Y13.18%
Sales Q2Q%13.63%
Revenue Next Year12.61%
Revenue Next 2Y12.11%
Revenue Next 3Y12.19%
Revenue Next 5Y11.2%
EBIT growth 1Y16.59%
EBIT growth 3Y81.63%
EBIT growth 5Y28.42%
EBIT Next Year159.25%
EBIT Next 3Y58.25%
EBIT Next 5Y40.32%
FCF growth 1Y-76.6%
FCF growth 3YN/A
FCF growth 5Y-21.57%
OCF growth 1Y20.4%
OCF growth 3Y43.97%
OCF growth 5Y16.13%

AMAZON.COM INC / AMZN FAQ

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

ChartMill assigns a fundamental rating of 5 / 10 to AMZN.


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

ChartMill assigns a valuation rating of 2 / 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 13.82% in the next year.