AMZN
Amazon.com, Inc.
AMZN has the edge over FWDI overall, supported by lower modeled downside and stronger fundamentals.
FWDI
Forward Industries, Inc.
FWDI's outlook is improving, though it still trails on the overall score.
AMZN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Weak | |
| Healthy |
AMZN's revenue, profitability and balance sheet are currently healthy, but its cash flow is weak.
FWDI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Weak | |
| Weak | |
| Strong |
FWDI's revenue and balance sheet are currently strong, but its profitability and cash flow are weak.
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's PE is in its cheap range at 22x, but its recent earnings include one-off gains. On analysts' estimates for next year's earnings, today's price would be 27x.
FWDI PE Valuation
FWDI has no meaningful PE right now: it lost money over the past year.
AMZN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Growth | |
| Improving | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for AMZN, with profitability improving.
FWDI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| -- | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for FWDI, with profitability holding steady. However, they disagree widely on these estimates.
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 FWDI on earnings quality, reporting a profit while its opponent remains loss making.
FWDI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.28 | — |
| Q2 2026 | -$31.55 | -$27.50 |
| Q1 2026 | -$31.52 | -$27.88 |
| Q4 2025 | -$29.86 | -$27.04 |
| Q3 2025 | -$24.59 | -$22.01 |
| Q2 2025 | -$4.05 | -$0.89 |
| Q1 2025 | -$3.64 | -$0.34 |
| Q4 2024 | -$2.82 | +$0.88 |
| Q3 2024 | -$2.58 | +$1.12 |
FWDI lost $31.55 per share over the past year, and its loss has widened in each of the last seven quarters.
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 FWDI on profitability, with a higher operating margin.
FWDI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $10.8M | +332% |
| Q1 2026 | $13M | +315% |
| Q4 2025 | $21.4M | +224% |
| Q3 2025 | $7.9M | +8.4% |
| Q2 2025 | $2.5M | -68% |
| Q1 2025 | $3.1M | -60% |
| Q4 2024 | $6.6M | -7.5% |
| Q3 2024 | $7.3M | +44% |
FWDI's revenue has grown year over year for four quarters in a row: $11M last quarter, up 332% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -652% | -549 points |
| Q1 2026 | -2192% | -2134 points |
| Q4 2025 | -2723% | -2712 points |
| Q3 2025 | -39% | -31 points |
| Q2 2025 | -103% | -98 points |
| Q1 2025 | -58% | -51 points |
| Q4 2024 | -11% | -5.4 points |
| Q3 2024 | -8.6% | -48 points |
FWDI's operating margin was −652% last quarter, down 549 points from the same quarter a year ago, near the bottom of its range since 2019.
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.
FWDI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$3.4M | -$2.1M |
| Q1 2026 | -$4.8M | -$4.2M |
| Q4 2025 | -$7.9M | -$7.5M |
| Q3 2025 | -$2.3M | -597% |
| Q2 2025 | -$1.2M | -379% |
| Q1 2025 | -$563.2K | +$101.7K |
| Q4 2024 | -$415.6K | -531% |
| Q3 2024 | $463.7K | +1% |
FWDI has the edge over AMZN on cash flow, with more consistent year-over-year improvement.
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 the edge over FWDI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | $3.3B |
FWDI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -8.7% | -8.2M shares |
| 1 year | +7774% | +85.6M shares |
| 3 years | +8517% | +85.7M shares |
| 5 years | +8649% | +85.7M shares |
| Available history | +8995% | +85.7M shares |
FWDI has 87M diluted shares, up 7774% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $11.8M |
| Q1 2026 | $47.1M |
| Q4 2025 | $10.9M |
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.
FWDI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2024 | -1.9x | Net Cash |
| Q1 2024 | -1.7x | Net Cash |
| Q4 2023 | -3.9x | Net Cash |
| Q3 2023 | -4.4x | Net Cash |
| Q1 2022 | -0.1x | Net Cash |
FWDI has more cash than debt.
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).
FWDI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.1 | Neutral |
| Stochastic | 37.8 | Neutral |
FWDI's weekly RSI is 43 (neutral) and its Stochastic is 38 (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.
FWDI PE vs Consumer Cyclical Sector
| Metric | FWDI | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
FWDI has no meaningful PE right now: it lost money over the past year.
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 FWDI on trend strength, trading above more of its moving averages.
FWDI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.85 | 26% below |
| 20 week MA | $5.80 | 12% below |
| 50 week MA | $5.57 | 8.8% below |
| 100 week MA | $7.85 | 35% below |
| 200 week MA | $7.50 | 32% below |
FWDI is in a downtrend: it's below all five of its weekly moving averages, and 32% below 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 FWDI on returns for 2026, with the stronger performance.
FWDI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.94 | $18.8 | +89% |
| 2021 | $18.8 | $16.0 | -15% |
| 2022 | $16.0 | $11.2 | -30% |
| 2023 | $11.2 | $7.29 | -35% |
| 2024 | $7.29 | $5.16 | -29% |
| 2025 | $5.16 | $7.03 | +36% |
| 2026 YTD | $7.03 | $5.08 | -28% |
FWDI has finished lower in four of the last six years. It's down 28% so far in 2026.