AMAZON.COM INC (AMZN) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:AMZN • US0231351067

222.69 USD
-10.3 (-4.42%)
At close: Feb 5, 2026
205.65 USD
-17.04 (-7.65%)
Pre-Market: 2/6/2026, 8:23:09 AM
Fundamental Rating

5

Overall AMZN gets a fundamental rating of 5 out of 10. We evaluated AMZN against 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. While showing a medium growth rate, AMZN is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year AMZN was profitable.
  • In the past year AMZN had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: AMZN reported negative net income in multiple years.
  • Of the past 5 years AMZN 4 years 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

  • With an excellent Return On Assets value of 10.51%, AMZN belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
  • AMZN's Return On Equity of 20.69% is amongst the best of the industry. AMZN outperforms 83.33% of its industry peers.
  • AMZN's Return On Invested Capital of 11.98% is fine compared to the rest of the industry. AMZN outperforms 80.00% of its industry peers.
  • AMZN had an Average Return On Invested Capital over the past 3 years of 8.31%. This is in line with the industry average of 9.28%.
  • The 3 year average ROIC (8.31%) for AMZN is below the current ROIC(11.98%), indicating increased profibility in the last year.
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

  • Looking at the Profit Margin, with a value of 11.06%, AMZN belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
  • AMZN's Profit Margin has improved in the last couple of years.
  • AMZN has a Operating Margin of 11.02%. This is in the better half of the industry: AMZN outperforms 80.00% of its industry peers.
  • AMZN's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 50.05%, AMZN is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
  • 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

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), AMZN is creating some value.
  • AMZN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
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

  • AMZN has an Altman-Z score of 5.73. This indicates that AMZN is financially healthy and has little risk of bankruptcy at the moment.
  • AMZN has a Altman-Z score of 5.73. This is amongst the best in the industry. AMZN outperforms 83.33% of its industry peers.
  • The Debt to FCF ratio of AMZN is 4.81, which is a neutral value as it means it would take AMZN, 4.81 years of fcf income to pay off all of its debts.
  • AMZN's Debt to FCF ratio of 4.81 is in line compared to the rest of the industry. AMZN outperforms 60.00% of its industry peers.
  • A Debt/Equity ratio of 0.14 indicates that AMZN is not too dependend on debt financing.
  • The Debt to Equity ratio of AMZN (0.14) is better than 76.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 4.81
Altman-Z 5.73
ROIC/WACC1.36
WACC8.84%
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

  • AMZN has a Current Ratio of 1.01. This is a normal value and indicates that AMZN is financially healthy and should not expect problems in meeting its short term obligations.
  • With a Current ratio value of 1.01, AMZN is not doing good in the industry: 83.33% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.80 indicates that AMZN may have some problems paying its short term obligations.
  • AMZN has a Quick ratio of 0.80. This is in the lower half of the industry: AMZN underperforms 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

5

3. Growth

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.
  • AMZN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 27.98% yearly.
EPS 1Y (TTM)29.66%
EPS 3Y94.86%
EPS 5Y27.98%
EPS Q2Q%4.84%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
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 19.79% yearly.
  • Based on estimates for the next years, AMZN will show a quite strong growth in Revenue. The Revenue will grow by 10.96% on average per year.
EPS Next Y13.82%
EPS Next 2Y17.5%
EPS Next 3Y21.24%
EPS Next 5Y19.79%
Revenue Next Year11.38%
Revenue Next 2Y11.29%
Revenue Next 3Y11.2%
Revenue Next 5Y10.96%

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.
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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2

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 31.06 indicates a quite expensive valuation of AMZN.
  • The rest of the industry has a similar Price/Earnings ratio as AMZN.
  • When comparing the Price/Earnings ratio of AMZN to the average of the S&P500 Index (27.67), we can say AMZN is valued inline with the index average.
  • Based on the Price/Forward Earnings ratio of 27.29, the valuation of AMZN can be described as expensive.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of AMZN indicates a slightly more expensive valuation: AMZN is more expensive than 60.00% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.20, AMZN is valued at the same level.
Industry RankSector Rank
PE 31.06
Fwd PE 27.29
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.
  • Based on the Price/Free Cash Flow ratio, AMZN is valued a bit more expensive than 63.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF 225.44
EV/EBITDA 16.72
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 AMZN does not grow enough to justify the current Price/Earnings ratio.
  • The excellent profitability rating of AMZN 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)2.25
PEG (5Y)1.11
EPS Next 2Y17.5%
EPS Next 3Y21.24%

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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, 8:09:19 PM)

Premarket: 205.65 -17.04 (-7.65%)

222.69

-10.3 (-4.42%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)02-05
Earnings (Next)04-29
Inst Owners66.62%
Inst Owner Change-2.73%
Ins Owners9.02%
Ins Owner Change-0.17%
Market Cap2.38T
Revenue(TTM)N/A
Net Income(TTM)76.48B
Analysts84.42
Price Target298.48 (34.03%)
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 31.06
Fwd PE 27.29
P/S 3.44
P/FCF 225.44
P/OCF 18.22
P/B 6.44
P/tB 6.87
EV/EBITDA 16.72
EPS(TTM)7.17
EY3.22%
EPS(NY)8.16
Fwd EY3.66%
FCF(TTM)0.99
FCFY0.44%
OCF(TTM)12.23
OCFY5.49%
SpS64.67
BVpS34.58
TBVpS32.4
PEG (NY)2.25
PEG (5Y)1.11
Graham Number74.69
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 5.73
F-Score6
WACC8.84%
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)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 5Y19.79%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%13.63%
Revenue Next Year11.38%
Revenue Next 2Y11.29%
Revenue Next 3Y11.2%
Revenue Next 5Y10.96%
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 13.82% in the next year.