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Amazon (AMZN) Value Investing Data

🇺🇸 USAMZN

As of 2026-06-18 · Last updated: 2026-07-07 · Source: SEC EDGAR (10-K, 10-Q), TradingView (price, financials), S&P Global Market Intelligence (consensus), macrotrends (10-year series), Company IR · Prices & financials updated periodically (not real-time) · Information tool (not investment advice)

Amazon (AMZN) Financial Health Check
In short: A financially solid, high-quality company
Does it earn well?
Yes, solidly
It generates steady profit relative to the capital invested.
Metrics · ROE 24.3% · Operating Margin 12.1% · Net Margin 12.2%
Will the company survive?
Low debt burden — stable
Debt is smaller than equity and it can meet short-term obligations.
Metrics · D/E ~51% · Current Ratio 1.18
Is the price expensive now?
Not cheap (fair to slightly pricey)
Because it is a good, popular company, those expectations are already priced in.
Metrics · P/E 29.2 · P/B 6.4

Debt is modest (~0.51x equity) and once-negative profitability recovered fast (12% operating margin). At a 29x P/E, the stock isn't cheap versus earnings.

Compiled from public financial data. Not a recommendation to buy or sell any security. · Source: Company filings · TradingView · S&P Global (margins, debt, liquidity, P/B are TTM), as of 2026-06-18

Business Summary · Key Value Metrics
E-commerce, cloud (AWS), advertising, subscriptions (Prime), and AI infrastructure (in-house Trainium chips). FY2025 revenue was $716.9B with roughly $80B in operating income (11.2% margin). AWS generates the bulk of operating profit.
Current Price
$244.39
+2.9% +$6.89 · Close 2026-06-18
Analyst Consensus Target (external reference)
$312.99
Avg. of 67 external analysts · S&P Global Market Intelligence (67-analyst consensus)
P/E (TTM)
29.2x
TTM
ROE
24.3%
TTM
Operating Margin
12.1%
TTM (recovered from 2.4% in '22)
Net Margin
12.2%
TTM
Revenue Growth
+14.2%
TTM YoY
Market Cap
$2.63T
As of 2026-06-18

Economic Moat · Key Business Segments

AWS leads global cloud infrastructure with roughly 30% market share and generates most of the company's operating profit. More than 200M Prime subscribers worldwide, a proprietary logistics network, in-house AI chips (Trainium and Inferentia), and an advertising business running at $56B+ a year entrench the ecosystem (source: company IR).

AWS#1 in global cloud infrastructure (~30% share); high migration switching costs.
Prime ecosystem200M+ subscribers; shipping, media, and commerce lock-in.
Logistics networkIn-house fulfillment and last-mile; the huge build-out cost is a barrier to entry.
AdvertisingHigh-margin ads built on purchase-intent data; running at $56B+ a year.

10-Year Financial Trends

Operating income recovered from a 2022 trough of $12.2B (2.4% margin) to $68.6B (10.8%) in 2024 and roughly $80B (11.2%) in 2025, with a 9-year operating-income CAGR of +38.8% that far outpaced the revenue CAGR (+20.3%). Amazon posted a net loss (-$2.7B) in 2022 but returned to profit in 2023 (source: SEC EDGAR · company IR · macrotrends).

10-Year Growth

Revenue$717B · CAGR +20.3%
$717B$0.0B20162025
Operating Income$80.0B · CAGR +38.7%
$80.0B$0.0B20162025
EPS$7.17 · CAGR +45.2%
$7.17-$0.2720162025

10-Year Valuation

P/E (year-end)32.2x · avg 83.0x
196.8x24.4x20162025
ROE22.4% · avg 19.6%
30.3%-3.4%20162025
Operating Margin11.2% · avg 5.8%
11.6%1.9%20162025
📊 Annual Data Table (AMZN) — expand/collapse
YearRevenue (B$)Op. Income (B$)EPS ($)P/E (x)ROE (%)Op. Margin (%)
20161364.20.2515014.53.1
2017177.94.10.3118912.92.3
2018232.912.41.0174.428.35.3
2019280.514.51.1580.321.95.2
2020386.122.92.0977.927.45.9
2021469.824.93.2451.528.85.3
202251412.2-0.27-1.92.4
2023574.836.92.952.417.56.4
202463868.65.5339.724.310.8
2025716.9807.1732.222.411.2

Recent Quarterly Operating Income

Quarterly operating income YoY growth:

2022 -50.8%2023 +200.9%2024 +86.1%2025 +16.6%

9-Year CAGR: Revenue +20.3% · Operating Income +38.8% · Net Income +47% · EPS +45%

Sources: SEC EDGAR (10-K) · macrotrends · company IR. Revenue and operating income are on a fiscal-year (December) basis. FY2025 operating income (~$80B) and the net-income CAGR are preliminary — cross-check against dashboard/10-K final figures. EPS is diluted and adjusted for the 2022 20-for-1 split.

Mega-Cap Value Metric Comparison

Among the four peers, Amazon's 12.1% operating margin is the lowest (a larger low-margin retail mix), but its operating-income growth of about +30% ranks near the top. Its forward P/E of 28.6 is similar to GOOGL and below AAPL (P/E = forward · ROE/operating margin = TTM · growth = latest quarter · sources: company IR · SEC · TradingView).

Metric★ AMZNMSFTGOOGLAAPL
Fwd P/E28.620.228.831.9
ROE24.3%34.0%38.9%141%*
Revenue YoY Growth+17%+18%+22%+17%
Operating Income YoY Growth+30%+20%+30%+21%
Operating Margin12.1%46.8%33.6%32.6%

* AAPL's ROE includes the cumulative effect of buybacks. P/E = forward, ROE and operating margin = TTM, revenue and operating-income growth = latest quarter · sources: company IR · SEC · TradingView, cross-section as of 2026-06-12.

Key Risk Factors (from 10-K)

Surging AI/data-center CapEx AI infrastructure CapEx is surging to $100B+ a year in 2025-26, pressuring near-term free cash flow (FCF). The lag before it monetizes is a risk.Source: Company IR · earnings calls
Slowing e-commerce growth and low-price competition Core retail growth has slowed to single digits, with competition from ultra-low-price platforms like Temu and Shein.Source: Company 10-K Risk Factors
Regulation and antitrust Ongoing platform-regulation pressure, including the U.S. FTC antitrust suit and the EU DMA.Source: Company 10-K Risk Factors
Intensifying cloud competition Microsoft Azure and Google Cloud are strengthening AI capabilities, competing for AWS's share.Source: Company 10-K Risk Factors
✦ ValueCrab Dashboard PreviewAMZN $244.39 +2.9% · as of 2026-06-18
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Value Investing FAQ (AMZN)

Q. What are Amazon's (AMZN) key value-investing metrics?P/E (TTM) 29.2, ROE 24.3%, operating margin 12.1%, net margin 12.2%, 9-year revenue CAGR +20.3%, and 9-year operating-income CAGR +38.8% (sources: company IR · SEC · TradingView, as of 2026-06-18).
Q. What is the analyst price-target consensus for Amazon?The average target across 67 analysts is $312.99. This is an external consensus, not our own estimate, implying about +28.1% upside from the current $244.39. Source: S&P Global Market Intelligence, 2026-06.
Q. Is it expensive on Peter Lynch's PEG measure?PEG is highly sensitive to growth assumptions. On the facts alone, the forward P/E is about 25-29x and the TTM P/E is 29.2x — not 'very cheap.' We do not offer a definitive judgment.
Q. Did Amazon lose money in 2022?Yes. Amazon posted a 2022 net loss of -$2.7B (writedowns and a cost spike), then swung to a +$30.4B profit in 2023 and +$59.2B in 2024 (source: SEC EDGAR 10-K).
Q. Who are Amazon's main competitors?In cloud, Microsoft Azure and Google Cloud; in e-commerce, Walmart, Coupang, and Alibaba; in advertising, Google and Meta.

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