Amazon.com (AMZN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Amazon.com

NasdaqGS•Consumer Cyclical•Internet Retail

$250.69+5.06(0.02%)After hours

Market Cap

$2.65T

P/E

19.7x

P/S

3.3x

P/B

4.3x

Amazon.com, Inc. engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, fire tablets, fire TVs, echo, ring, blink, and eero; and develops and produces media content. In addition, the company offers programs that enable sellers to sell their products in its stores; and programs that allow authors, independent publishers, musicians, filmmakers, Twitch streamers, skill and app developers, and others to publish and sell content. Further, it provides compute, storage, Artificial intelligence, database, analytics, machine learning, and other services, as well as advertising services through programs, such as sponsored ads, display, and video advertising. Additionally, the company offers Amazon Prime, a membership program. The company's products offered through its stores include merchandise and content purchased for resale and products offered by third-party sellers. It serves consumers, sellers, developers, enterprises, content creators, advertisers, and employees. The company was incorporated in 1994 and is headquartered in Seattle, Washington.

How this company scores

GoodMetricSide Score: 67/100

Strongest: Profitability (23/25); weakest: Cash & Earnings Quality (4/25).

Profitability23/25

Growth23/25

Balance Sheet & Red Flags17/25

Cash & Earnings Quality4/25

Strengths

Growing revenueHigh ROERising earningsLow leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 19.7x5y range 19.1x – 243.5x

Currently below its 19-quarter median.

P/S · 3.3x5y range 1.7x – 3.7x

Currently near its 20-quarter median.

P/B · 4.3x5y range 4.3x – 12.6x

Currently below its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Leverage Risk

Watch

Debt-to-equity has risen 105.5% recently — increasing financial risk even if the current ratio is manageable.

Cash Burn

Watch

4 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Share Dilution

Watch

Shares outstanding rose 2.3% — mild dilution. Compare to earnings growth to assess the net per-share impact.

Price & Volume

Market Cap $2.65T

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $797.46B
Q. Revenue: $201.94B
TTM EBITDA: $183.72B
TTM Op. Income: $104.37B
Q. Op. Income: $28.08B
TTM Net Income: $134.78B
Q. Net Income: $20.68B
EPS: $1.92
Shares Out.: $10.80B

$797.46B in TTM revenue grew 15.4% YoY, reaching $201.94B last quarter. TTM EBITDA of $183.72B and TTM operating income of $104.37B show growth is flowing through to the bottom line. TTM net income of $134.78B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 53.2%
EBITDA Margin: 24.3%
Op. Margin: 13.9%
Net Margin: 10.2%

Op. margin of 13.9% is up 4.2% YoY — cost efficiency is improving. Net margin at 10.2% and gross margin of 53.2% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 4 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 19.7x
P/S Ratio: 3.3x
P/B Ratio: 4.3x

At 19.7x P/E, the stock trades within typical market levels. P/S of 3.3x and P/B of 4.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 37% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.24T
Cash: $55.78B
Long-Term Debt: $173.13B
Book Value: $613.60B
D/E Ratio: 0.3
Debt/EBITDA: 3.5

With $1.24T in assets and $173.13B in long-term debt, D/E is 0.3and book value is $613.60B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 106% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $42.42B
TTM Free Cash Flow: $-46.89B
FCF Margin: -5.9%
FCF / Net Income: -0.3

TTM FCF of $-46.89B on $42.42B in operating cash flow. The FCF / Net Income ratio of -0.3x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 7 consecutive quarters — a weakening trend.