As of 2026-07-31 · Last updated: 2026-08-01 · Source: SEC EDGAR (10-K, 10-Q), stockanalysis (price, consensus, TTM metrics), Company IR (Q2 2026 results), macrotrends (10-year series), Company IR · Prices & financials updated periodically (not real-time) · Information tool (not investment advice)
Debt is smaller than equity and it can meet short-term obligations.
Metrics · D/E ~40% · Current Ratio 1.03
💲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 21.8 · P/B 5.3
💡Debt is modest (~0.40x equity) and profitability recovered fast (12.1% operating margin). The 21.8x P/E looks cheap only on a one-off gain; forward is 29.6x.
Compiled from public financial data. Not a recommendation to buy or sell any security. · Source: stockanalysis (margins, debt, liquidity, P/B are TTM) · P/E on the July 31 close, as of 2026-07-31
Business Summary · Key Value Metrics
E-commerce, cloud (AWS), advertising, subscriptions (Prime), and AI infrastructure (in-house Trainium chips). TTM revenue is $775.7B at a 12.1% operating margin. AWS generates the bulk of operating profit and grew 37% in Q2 2026.
Current Price
$271.58
+15.32%+$36.08· Close 2026-07-31
Analyst Consensus Target (external reference)
$319.90
Avg. of 62 external analysts · stockanalysis (62-analyst consensus, Strong Buy · high $400 / low $207)
P/E (TTM)
21.8x
TTM · one-off gain · forward 29.6x
ROE
30.6%
TTM · includes a one-off gain
Operating Margin
12.1%
TTM (recovered from 2.4% in '22)
Net Margin
17.4%
TTM · includes non-operating income
Revenue Growth
+15.8%
TTM YoY
Market Cap
$2.93T
As of 2026-07-31
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 ecosystem
200M+ subscribers; shipping, media, and commerce lock-in.
Logistics network
In-house fulfillment and last-mile; the huge build-out cost is a barrier to entry.
Advertising
High-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. Q2 2026 (ended Jun 30) brought revenue of $200.6B (+19.6% YoY), operating income of $27.5B (+43%) and net income of $62.6B — the last of which includes about $53.4B of pre-tax, non-cash gains, mostly the revaluation of its Anthropic stake (source: SEC EDGAR · company IR).
10-Year Growth
Revenue$717B · CAGR +20.3%
Operating Income$80.0B · CAGR +38.7%
EPS$7.17 · CAGR +45.2%
10-Year Valuation
P/E (year-end)32.2x · avg 83.0x
ROE22.4% · avg 19.6%
Operating Margin11.2% · avg 5.8%
📊 Annual Data Table (AMZN) — expand/collapse
Year
Revenue (B$)
Op. Income (B$)
EPS ($)
P/E (x)
ROE (%)
Op. Margin (%)
2016
136
4.2
0.25
150
14.5
3.1
2017
177.9
4.1
0.31
189
12.9
2.3
2018
232.9
12.4
1.01
74.4
28.3
5.3
2019
280.5
14.5
1.15
80.3
21.9
5.2
2020
386.1
22.9
2.09
77.9
27.4
5.9
2021
469.8
24.9
3.24
51.5
28.8
5.3
2022
514
12.2
-0.27
—
-1.9
2.4
2023
574.8
36.9
2.9
52.4
17.5
6.4
2024
638
68.6
5.53
39.7
24.3
10.8
2025
716.9
80
7.17
32.2
22.4
11.2
— = no data for that year/metric (P/E omitted before EPS turned positive)
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 is confirmed at $79,975M (cross-checked 2026-08-02, stockanalysis annual); on that basis the 9-year operating-income CAGR is +38.7-38.8%. 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 +43% is the highest. Its forward P/E of 29.6 is similar to GOOGL and below AAPL (P/E = forward · ROE/operating margin = TTM · growth = latest quarter · sources: company IR · SEC · stockanalysis).
Metric
★ AMZN
MSFT
GOOGL
AAPL
Fwd P/E
29.6
20.2
28.8
31.9
ROE
30.6%
34.0%
38.9%
141%*
Revenue YoY Growth
+20%
+18%
+22%
+17%
Operating Income YoY Growth
+43%
+20%
+30%
+21%
Operating Margin
12.1%
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 · stockanalysis. Amazon as of 2026-07-31; the others cross-section as of 2026-06-12.
Key Risk Factors (from 10-K)
●
Surging AI/data-center CapEx— AI infrastructure spending keeps climbing. With Q2 2026 results the company raised its 2026 capex plan to $220B, citing higher memory costs among other factors. That pressures near-term free cash flow, and 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 $271.58 +15.32% · as of 2026-07-31
Q. What are Amazon's (AMZN) key value-investing metrics?P/E (TTM) 21.8, ROE 30.6%, operating margin 12.1%, net margin 17.4%, 9-year revenue CAGR +20.3%, and 9-year operating-income CAGR +38.8% (sources: stockanalysis · SEC, as of 2026-07-31). The P/E, ROE and net margin all include a one-off Q2 2026 gain.
Q. What is the analyst price-target consensus for Amazon?The average target across 62 analysts is $319.90, with a $400 high and a $207 low. This is an external consensus, not our own estimate, implying about +17.8% upside from the current $271.58. Source: stockanalysis, as of 2026-07-31.
Q. Is it expensive on Peter Lynch's PEG measure?PEG is highly sensitive to growth assumptions. The 21.8x TTM P/E looks cheap, but roughly $53.4B of pre-tax non-cash gains (mostly the Anthropic revaluation) inflate the denominator; the forward P/E is 29.6x. 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.