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

$253.71+2.52(0.01%)After hours

Market Cap

$2.65T

P/E

19.6x

P/S

3.4x

P/B

4.8x

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: 71/100

Strongest: Profitability (23/25); weakest: Cash & Earnings Quality (7/25).

Profitability23/25

Growth23/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality7/25

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 · 19.6x5y range 19.6x – 243.5x

Currently below its 19-quarter median.

P/S · 3.4x5y range 1.7x – 3.7x

Currently near its 20-quarter median.

P/B · 4.8x5y range 4.8x – 13.9x

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

FCF consistently trails net income (avg 0.1x) — earnings may be inflated by non-cash items or aggressive accounting.

Leverage Risk

Watch

Debt-to-equity has risen 53.8% recently — increasing financial risk even if the current ratio is manageable.

Cash Burn

Watch

FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.

Share Dilution

Watch

Shares outstanding rose 2.6% — 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 June 2026

Revenue & Profit

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

TTM Revenue: $775.68B
Q. Revenue: $200.61B
TTM EBITDA: $168.91B
TTM Op. Income: $93.71B
Q. Op. Income: $27.46B
TTM Net Income: $135.28B
Q. Net Income: $62.65B
EPS: $5.82
Shares Out.: $10.77B

$775.68B in TTM revenue grew 15.8% YoY, reaching $200.61B last quarter. TTM EBITDA of $168.91B and TTM operating income of $93.71B show growth is flowing through to the bottom line. TTM net income of $135.28B 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: 52.3%
EBITDA Margin: 23.7%
Op. Margin: 13.7%
Net Margin: 31.2%

Op. margin of 13.7% is up 2.3% YoY — cost efficiency is improving. Net margin at 31.2% and gross margin of 52.3% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

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

P/E Ratio: 19.6x
P/S Ratio: 3.4x
P/B Ratio: 4.8x

At 19.6x P/E, the stock trades within typical market levels. P/S of 3.4x and P/B of 4.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

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

Total Assets: $1.10T
Cash: $78.21B
Long-Term Debt: $128.89B
Book Value: $551.62B
D/E Ratio: 0.2
Debt/EBITDA: 2.7

With $1.10T in assets and $128.89B in long-term debt, D/E is 0.2and book value is $551.62B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 54% — an improving trend.

Cash Flow

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

Op. Cash Flow: $45.39B
TTM Free Cash Flow: $-11.63B
FCF Margin: -1.5%
FCF / Net Income: -0.1

TTM FCF of $-11.63B on $45.39B in operating cash flow. The FCF / Net Income ratio of -0.1x 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.