AMZN
Amazon.com, Inc.
AMZN has the edge over BOOT overall, supported by lower modeled downside and stronger modeled upside.
BOOT
Boot Barn Holdings, Inc.
BOOT offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
AMZN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Weak | |
| Healthy |
AMZN's revenue, profitability and balance sheet are currently healthy, but its cash flow is weak.
BOOT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
BOOT's revenue, profitability, cash flow and balance sheet are all currently healthy.
AMZN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 22x | $267 | — |
| Forward | 27x | $267 | — |
| Cheap | 34x | $415 | +55% |
| Fair | 60x | $745 | +179% |
| Expensive | 102x | $1,262 | +372% |
Historical ranges are pointers, not guarantees.
AMZN has the edge over BOOT in the historical PE scenario, which offers more potential upside but is not a forecast.
BOOT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $108 | -19% |
| Forward | 15x | $134 | — |
| Current | 16x | $134 | — |
| Fair | 21x | $174 | +30% |
| Expensive | 29x | $240 | +80% |
Historical ranges are pointers, not guarantees.
BOOT's PE is in its fair range at 16x. If earnings grow as analysts expect, today's price would be 15x next year's earnings, in its cheap range.
AMZN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Growth | |
| Improving | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for AMZN, with profitability improving.
BOOT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
BOOT has the edge over AMZN on the outlook, with more favorable valuation expectations.
AMZN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.87 | -20% |
| Q3 2026 | $12.37 | +75% |
| Q2 2026 | $12.43 | +89% |
| Q1 2026 | $8.36 | +36% |
| Q4 2025 | $7.17 | +30% |
| Q3 2025 | $7.08 | +52% |
| Q2 2025 | $6.56 | +57% |
| Q1 2025 | $6.14 | +72% |
| Q4 2024 | $5.53 | +91% |
AMZN has the edge over BOOT on earnings, with stronger typical year-over-year growth.
BOOT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.00 | +8.9% |
| Q3 2026 | $8.26 | +22% |
| Q2 2026 | $7.90 | +24% |
| Q1 2026 | $7.35 | +25% |
| Q4 2025 | $7.14 | +28% |
| Q3 2025 | $6.78 | +36% |
| Q2 2025 | $6.36 | +29% |
| Q1 2025 | $5.88 | +23% |
| Q4 2024 | $5.60 | +4.3% |
BOOT's earnings per share have climbed steadily: $8.26 over the past year, up 22% from the year before, and higher year over year for eight quarters in a row.
AMZN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $201.9B | +12% |
| Q2 2026 | $200.6B | +20% |
| Q1 2026 | $181.5B | +17% |
| Q4 2025 | $213.4B | +14% |
| Q3 2025 | $180.2B | +13% |
| Q2 2025 | $167.7B | +13% |
| Q1 2025 | $155.7B | +8.6% |
| Q4 2024 | $187.8B | +10% |
AMZN's revenue has grown year over year every quarter since late 2020: $202B last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +4.2 points |
| Q2 2026 | 14% | +2.3 points |
| Q1 2026 | 13% | +1.3 points |
| Q4 2025 | 12% | +0.4 points |
| Q3 2025 | 9.7% | -1.3 points |
| Q2 2025 | 11% | +1.5 points |
| Q1 2025 | 12% | +1.1 points |
| Q4 2024 | 11% | +3.5 points |
AMZN has the edge over BOOT on profitability, with a higher operating margin.
BOOT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $581.8M | +15% |
| Q2 2026 | $593.5M | +18% |
| Q1 2026 | $538.8M | +19% |
| Q4 2025 | $705.6M | +16% |
| Q3 2025 | $505.4M | +19% |
| Q2 2025 | $504.1M | +19% |
| Q1 2025 | $453.7M | +17% |
| Q4 2024 | $608.2M | +17% |
BOOT has the edge over AMZN on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | +0.9 points |
| Q2 2026 | 15% | +1.2 points |
| Q1 2026 | 11% | -0.3 points |
| Q4 2025 | 16% | -0.1 points |
| Q3 2025 | 11% | +1.8 points |
| Q2 2025 | 14% | +2.2 points |
| Q1 2025 | 11% | +1.1 points |
| Q4 2024 | 16% | +1.9 points |
BOOT's operating margin was 12% last quarter, up 0.9 points from the same quarter a year ago.
AMZN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$34.8B | -8202% |
| Q2 2026 | -$8.8B | -2757% |
| Q1 2026 | -$18.2B | -$10.2B |
| Q4 2025 | $14.9B | -16% |
| Q3 2025 | $430M | -87% |
| Q2 2025 | $332M | -96% |
| Q1 2025 | -$8B | -297% |
| Q4 2024 | $17.8B | -36% |
AMZN's free cash flow was −$46.9B over the past year, against $10.6B the year before.
BOOT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$6.7M | +$10.8M |
| Q2 2026 | $32.8M | -23% |
| Q1 2026 | -$46.5M | +$36.6M |
| Q4 2025 | $148M | +30% |
| Q3 2025 | -$17.5M | +$28.6M |
| Q2 2025 | $42.4M | +198% |
| Q1 2025 | -$83.1M | -$51.2M |
| Q4 2024 | $114.2M | +67% |
BOOT has the edge over AMZN on cash generation, producing positive trailing cash flow while its opponent burns cash.
AMZN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +26M shares |
| 1 year | +0.8% | +84M shares |
| 3 years | +3.5% | +371M shares |
| 5 years | +6.1% | +629M shares |
| Available history | +8.2% | +829M shares |
AMZN has 10.9B diluted shares, up 0.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | $3.3B |
BOOT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -189K shares |
| 1 year | -1.1% | -338K shares |
| 3 years | -0.7% | -215K shares |
| 5 years | +0.2% | +56K shares |
| Available history | +3.6% | +1M shares |
BOOT has the edge over AMZN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $34.6M |
| Q2 2026 | $25M |
| Q1 2026 | $12.5M |
| Q4 2025 | $12.5M |
| Q3 2025 | $12.5M |
| Q2 2025 | $12.5M |
BOOT spent $85M buying back its own shares over the past year.
AMZN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.7x | Very low |
| Q2 2026 | 0.3x | Very low |
| Q1 2026 | 0.1x | Very low |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | -0.1x | Net Cash |
| Q2 2025 | -0.0x | Net Cash |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | -0.2x | Net Cash |
AMZN's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago.
BOOT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.4x | Net Cash |
| Q4 2025 | -0.6x | Net Cash |
| Q3 2025 | -0.2x | Net Cash |
| Q2 2025 | -0.3x | Net Cash |
| Q1 2025 | -0.2x | Net Cash |
| Q4 2024 | -0.5x | Net Cash |
BOOT has the edge over AMZN on leverage, with a lower net debt burden relative to earnings.
AMZN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.1 | Neutral |
| Stochastic | 50.0 | Neutral |
AMZN's weekly RSI is 57 (neutral) and its Stochastic is 50 (neutral).
BOOT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.9 | Neutral |
| Stochastic | 35.4 | Neutral |
BOOT's weekly RSI is 44 (neutral) and its Stochastic is 35 (neutral).
AMZN PE vs Consumer Cyclical Sector
| Metric | AMZN | Sector median | Relative |
|---|---|---|---|
| PE | 22x | 18x | 20% above |
| PE % | 4 | 47 | 43 pts below |
AMZN is trading at 22x earnings, a 20% premium to the Consumer Cyclical sector's median of 18x, though its recent earnings include one-off gains.
BOOT PE vs Consumer Cyclical Sector
| Metric | BOOT | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 18x | 10% below |
| PE % | 34 | 47 | 13 pts below |
BOOT has the edge over AMZN on valuation relative to its sector.
AMZN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $253.6 | 5.5% above |
| 20 week MA | $254.9 | 4.9% above |
| 50 week MA | $242.5 | 10% above |
| 100 week MA | $229.6 | 17% above |
| 200 week MA | $191.4 | 40% above |
AMZN has the edge over BOOT on trend strength, trading above more of its moving averages.
BOOT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $124.9 | 7.1% above |
| 20 week MA | $141.9 | 5.8% below |
| 50 week MA | $162.1 | 18% below |
| 100 week MA | $157.8 | 15% below |
| 200 week MA | $128.6 | 4% above |
BOOT's trend is mixed: it's above two of its five weekly moving averages, and 4% above its 200-week average.
AMZN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $93.5 | $158.6 | +70% |
| 2021 | $158.6 | $171.1 | +7.8% |
| 2022 | $171.1 | $85.3 | -50% |
| 2023 | $85.3 | $151.9 | +78% |
| 2024 | $151.9 | $223.8 | +47% |
| 2025 | $223.8 | $232.5 | +3.9% |
| 2026 YTD | $232.5 | $267.4 | +15% |
AMZN has the edge over BOOT on returns for 2026, with the stronger performance.
BOOT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $43.3 | $40.5 | -6.4% |
| 2021 | $40.5 | $116.8 | +189% |
| 2022 | $116.8 | $61.7 | -47% |
| 2023 | $61.7 | $76.8 | +24% |
| 2024 | $76.8 | $156.7 | +104% |
| 2025 | $156.7 | $186.0 | +19% |
| 2026 YTD | $186.0 | $133.7 | -28% |
BOOT's yearly returns have swung widely, from +189% in 2021 to −47% in 2022. It's down 28% so far in 2026.