Amazon.com, Inc.
Consumer Cyclical · Seattle, Washington · NASDAQ
Company Description
Financial Performance — 5 Years
Financial Statements
| Item | FY-4 | FY-3 | FY-2 | FY-1 | FY (latest) | Source |
|---|---|---|---|---|---|---|
| Revenue | $469.8B | $514.0B | $574.8B | $638.0B | $716.9B | [AMZN 10-K filed 2026-02-06 · accession 0001018724-26-000004] |
| Gross Profit | $197.5B | $225.2B | $270.0B | $311.7B | $358.4B | [AMZN 10-K filed 2026-02-06 · accession 0001018724-26-000004] |
| Operating Income | $24.9B | $12.2B | $36.9B | $68.6B | $80.0B | [AMZN 10-K filed 2026-02-06 · accession 0001018724-26-000004] |
| Operating Margin % | 5.3% | 2.4% | 6.4% | 10.8% | 11.2% | [AMZN 10-K filed 2026-02-06 · accession 0001018724-26-000004] |
| EBITDA | $58.0B | $55.0B | $86.0B | $123.0B | $142.0B | [AMZN 10-K filed 2026-02-06 · accession 0001018724-26-000004] |
| Net Income | $33.4B | $-2.7B | $30.4B | $59.2B | $77.7B | [AMZN 10-K filed 2026-02-06 · accession 0001018724-26-000004] |
| EPS ($) | $3.24 | $-0.27 | $2.90 | $5.53 | $7.17 | [AMZN 10-K filed 2026-02-06 · accession 0001018724-26-000004] |
| FCF | $-14.7B | $-16.9B | $32.2B | $32.9B | $12.0B | [AMZN 10-K filed 2026-02-06 · accession 0001018724-26-000004] |
Economic Moat
Valuation Multiples
| Multiple | Company | Own 5Y Average | Delta vs 5Y Average |
|---|---|---|---|
| P/E (TTM) [yfinance snapshot · 5Y computed 2026-04-18] | 35.4x | 41.4x (4Y) | -14.6% |
| P/E (Fwd) [yfinance forward consensus] | 27.0x | N/A | N/A |
| EV/EBITDA [yfinance snapshot · 5Y computed 2026-04-18] | 18.8x | 17.7x (4Y) | +6.0% |
| P/S [yfinance snapshot · 5Y computed 2026-04-18] | 3.8x | 2.9x (4Y) | +31.9% |
| P/B [yfinance snapshot · 5Y computed 2026-04-18] | 6.6x | 7.0x (4Y) | -4.9% |
| Div Yield [yfinance snapshot · 5Y computed 2026-04-18] | 0.00% | 0.00% (4Y) | — |
| FCF Yield (snapshot) [computed · 2026-04-18] | 0.44% | 0.45% (4Y) | -2.2% |
5Y statistical averages are computed from yfinance annual data (annual income_stmt × balance_sheet × cash_flow + price snapshots at FY-end). Source: lib/compute_5y_multiples.py · Refresh: 2026-04-18 | |||
How to Think About This Company
The full How to Think About This Company analysis for AMZN — covering its essence, the key variables, potential analytical pitfalls, and what distinguishes professional thinking from noise — is available within the Family Office content set.
The difference between surface-level analysis and professional thinking often lies in the variables that are not immediately visible.
Risks & Items Under Review
Scenario Framework
The framework below describes what conditions would need to hold in each scenario — it is not a price forecast.
Scenarios are descriptive, not predictive. They outline possible conditions, not expected outcomes. These scenarios contain no probability assessment, no preferred direction, and no expectation regarding which one will materialise.
Analytical Lens — The Questions We Ask
In professional company analysis, the question is not "is this good", but rather "which angles must we examine in order not to miss the essentials". Every analysis at Bakshi Finance passes through six lenses. The text below is not an evaluation — it is the mapping of the questions the analysis is meant to answer.
The analysis is based on an internal multi-factor analytical framework used in professional portfolio management. The framework maps the questions; the answers appear woven through the analysis above.
What the lens is not: there is no rating, no score, no comparison between this company and another, and no preference. The same six questions are asked of every company on the site — what differs is the answers, not the tool.
This framework is intended to structure analysis, not to produce an investment conclusion.
Key Observations
This summary is not a recommendation. It is a factual list of what the analysis identified. The decision — rests with the client.
Disclosure — Family Office Format
Bakshi Finance operates as a Family Office, serving qualified investors only. Mr. Yaron Bakshi held a licensed investment advisory license from 2008 to 2023. As of the publication date of this document, the firm does not hold an investment advisory, investment marketing or portfolio management licence.
This document is intended for research and professional educational purposes only. Nothing herein constitutes a recommendation to buy, sell, hold or take any action with respect to any security. Nothing herein is a substitute for advice that takes into account the data and needs of any specific person. Any decision — rests solely with the investor.
Past performance is not indicative of future performance.