Amazon vs Jd.com
Amazon is the larger business, with $716.92bn of revenue in fiscal 2025 against $182.16bn for Jd.com (3.9 times as much). Jd.com grew faster (13.1% against 12.4%). Amazon kept more of each dollar of sales as profit: a net margin of 10.8% against 1.5%. Amazon carries less debt relative to equity (16.9% against 22.1%).
| Latest fiscal year | AmazonAMZN, 2025 | Jd.comJD, 2025 |
|---|---|---|
| Revenue | $716.92bn | $182.16bn |
| Revenue growth | 12.4% | 13.1% |
| Net income | $77.67bn | $2.73bn |
| Operating margin | 11.2% | 0.2% |
| Net margin | 10.8% | 1.5% |
| Return on equity | 22.3% | 8.4% |
| Free cash flow | $7.70bn | $1.55bn |
| Cash | $86.81bn | $19.66bn |
| Total debt | $69.29bn | $7.11bn |
| Debt to equity | 16.9% | 22.1% |
| Dividend per share | — | — |
| Dividend yield | — | 3.7% |
| Share buybacks | — | $2.98bn |
| Employees | 1,576,000 | — |
| Market value | $2.72tn | $40.20bn |
| Price vs our value range | — | Below our value range |
| Moat score | 44 (Weak) | — |
| Insider trades, 12 months | 0 buys, 127 sales | 0 buys, 0 sales |