AMAZON.COM INC (AMZN) Stock Fundamental Analysis

NASDAQ:AMZN • US0231351067

210.11 USD
+5.25 (+2.56%)
At close: Feb 20, 2026
210.049 USD
-0.06 (-0.03%)
After Hours: 2/20/2026, 8:16:55 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

We assign a fundamental rating of 5 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 2025 0 50B 100B

1.2 Ratios

  • With an excellent Return On Assets value of 9.49%, AMZN belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
  • AMZN has a Return On Equity of 18.89%. This is amongst the best in the industry. AMZN outperforms 83.33% of its industry peers.
  • The Return On Invested Capital of AMZN (11.12%) is better than 73.33% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for AMZN is in line with the industry average of 9.24%.
  • 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 better Profit Margin (10.83%) than 86.67% of its industry peers.
  • AMZN's Profit Margin has improved in the last couple of years.
  • AMZN's Operating Margin of 11.16% is fine compared to the rest of the industry. AMZN outperforms 80.00% of its industry peers.
  • In the last couple of years the Operating Margin of AMZN has grown nicely.
  • AMZN's Gross Margin of 50.29% is fine compared to the rest of the industry. AMZN outperforms 70.00% of its industry peers.
  • In the last couple of years the Gross Margin of AMZN has grown nicely.
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. 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 more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for AMZN has been increased compared to 5 years ago.
  • 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

  • AMZN has an Altman-Z score of 4.89. This indicates that AMZN is financially healthy and has little risk of bankruptcy at the moment.
  • AMZN's Altman-Z score of 4.89 is fine compared to the rest of the industry. AMZN outperforms 80.00% 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.
  • The Debt to FCF ratio of AMZN (8.53) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.16 indicates that AMZN is not too dependend on debt financing.
  • AMZN has a better Debt to Equity ratio (0.16) than 76.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 8.53
Altman-Z 4.89
ROIC/WACC1.24
WACC8.99%
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.
  • AMZN has a worse Current ratio (1.05) than 83.33% of its industry peers.
  • A Quick Ratio of 0.88 indicates that AMZN may have some problems paying its short term obligations.
  • AMZN's Quick ratio of 0.88 is on the low side compared to the rest of the industry. AMZN is outperformed by 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. 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.
  • The Revenue has grown by 12.38% in the past year. This is quite good.
  • The Revenue has been growing by 13.18% on average over the past years. This is quite good.
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

  • Based on estimates for the next years, AMZN will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.30% on average per year.
  • 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 Year11.38%
Revenue Next 2Y11.29%
Revenue Next 3Y11.2%
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.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last 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

  • With a Price/Earnings ratio of 29.30, AMZN can be considered very expensive at the moment.
  • The rest of the industry has a similar Price/Earnings ratio as AMZN.
  • AMZN's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.99.
  • The Price/Forward Earnings ratio is 25.75, which means the current valuation is very expensive for AMZN.
  • AMZN's Price/Forward Earnings is on the same level as the industry average.
  • When comparing the Price/Forward Earnings ratio of AMZN to the average of the S&P500 Index (28.06), we can say AMZN is valued inline with the index average.
Industry RankSector Rank
PE 29.3
Fwd PE 25.75
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AMZN is on the same level as its industry peers.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of AMZN indicates a slightly more expensive valuation: AMZN is more expensive than 63.33% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 293.11
EV/EBITDA 14.45
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.
  • The excellent profitability rating of AMZN may justify a higher PE ratio.
  • AMZN's earnings are expected to grow with 21.24% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.12
PEG (5Y)1.05
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

  • No dividends for AMZN!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

AMAZON.COM INC

NASDAQ:AMZN (2/20/2026, 8:16:55 PM)

After market: 210.049 -0.06 (-0.03%)

210.11

+5.25 (+2.56%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)02-05
Earnings (Next)04-29
Inst Owners66.62%
Inst Owner Change0.11%
Ins Owners9.02%
Ins Owner Change-0.16%
Market Cap2.26T
Revenue(TTM)716.92B
Net Income(TTM)77.67B
Analysts84.21
Price Target298.48 (42.06%)
Short Float %0.74%
Short Ratio1.53
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)0.47%
PT rev (3m)9.61%
EPS NQ rev (1m)-3.42%
EPS NQ rev (3m)-3.73%
EPS NY rev (1m)0.58%
EPS NY rev (3m)2.28%
Revenue NQ rev (1m)1.01%
Revenue NQ rev (3m)1.12%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)0.72%
Valuation
Industry RankSector Rank
PE 29.3
Fwd PE 25.75
P/S 3.15
P/FCF 293.11
P/OCF 16.17
P/B 5.49
P/tB 5.82
EV/EBITDA 14.45
EPS(TTM)7.17
EY3.41%
EPS(NY)8.16
Fwd EY3.88%
FCF(TTM)0.72
FCFY0.34%
OCF(TTM)13
OCFY6.19%
SpS66.78
BVpS38.29
TBVpS36.12
PEG (NY)2.12
PEG (5Y)1.05
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 4.89
F-Score6
WACC8.99%
ROIC/WACC1.24
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 Year11.38%
Revenue Next 2Y11.29%
Revenue Next 3Y11.2%
Revenue Next 5Y11.2%
EBIT growth 1Y16.59%
EBIT growth 3Y81.63%
EBIT growth 5Y28.42%
EBIT Next Year155.5%
EBIT Next 3Y58.36%
EBIT Next 5Y40.34%
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 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.