Amazon.com, Inc. (AMZN) stock analysis
Company overview and business model
Source fact: 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.
Classification: NASDAQ · Consumer Cyclical · Internet Retail
Revenue and growth
Source fact: Revenue was USD 716.92 billion for the period ending 2025-12-31.
Caverian calculation: Revenue changed +12.4% (FY2025 vs FY2024).
Profitability
Source fact: Net income was USD 77.67 billion in the latest reported period.
Source metric: Reported net margin was 10.8%.
Balance sheet and liquidity
Source fact: Cash and equivalents were USD 86.81 billion.
Source fact: Total debt was USD 152.99 billion.
Source metric: Current ratio was 1.05x.
Cash-flow analysis
Source fact: Operating cash flow was USD 139.51 billion.
Source fact: Free cash flow was USD 7.70 billion.
Valuation
Source metrics: Trailing P/E 20.92x; Forward P/E 24.92x; Price to book 5.06x; Price to sales 3.60x; EV/EBITDA 17.28x.
Caverian model output: Value score was 42/100.
Competitive position
Classification: Peer context: Internet Retail within Consumer Cyclical.
Caverian model output: Quality score was 66/100.
Caverian model output: Growth score was 72/100.
Material risks
Caverian calculation: Altman Z-score was 5.84 (safe zone).
Caverian calculation: Piotroski F-score was 6/9.
Data sources and freshness
Freshness: This report uses a stored upstream snapshot; statement periods are shown alongside the figures.
Methodology and limitations
Facts reproduce stored upstream fields. Calculations derive only from the displayed stored statements. Model outputs are Caverian interpretations, not investment advice or a buy/sell recommendation.
How Caverian approaches valuation · Sources and product principles