AMZN
Amazon.com, Inc.
AMZN has the edge over MLCO overall, supported by lower modeled downside and stronger modeled upside.
MLCO
Melco Resorts & Entertainment Limited
MLCO offers stronger valuation, 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.
MLCO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Stable | |
| Weak |
MLCO's profitability is currently strong, and its revenue and cash flow are stable, but its balance sheet is 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 has the edge over MLCO in the historical PE scenario, which offers more potential upside but is not a forecast.
MLCO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 7x | $4.18 | — |
| Cheap | 9.5x | $5.68 | +36% |
| Fair | 30x | $17.78 | +325% |
| Expensive | 50x | $30.05 | +619% |
Historical ranges are pointers, not guarantees.
MLCO's PE is in its cheap range at 7.0x.
AMZN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Growth | |
| Improving | |
| Moderate | |
| Moderate |
AMZN has the edge over MLCO on the outlook, with more favorable revenue expectations.
MLCO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect MLCO's earnings to grow and its profitability to improve, with its revenue 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's earnings per share have climbed steadily: $12.37 over the past year, up 75% from the year before, and higher year over year for 14 quarters in a row. Its recent earnings include one-off gains.
MLCO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.60 | +362% |
| Q1 2026 | $0.58 | +314% |
| Q4 2025 | $0.46 | +360% |
| Q3 2025 | $0.26 | +$0.53 |
| Q2 2025 | $0.13 | +$0.50 |
| Q1 2025 | $0.14 | +$0.62 |
| Q4 2024 | $0.10 | +$0.84 |
| Q3 2024 | -$0.27 | +$0.71 |
MLCO's earnings per share have climbed steadily: $0.60 over the past year, about five times what it earned the year before, and higher year over year for 13 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 has the edge over MLCO on sales, with more consistent year-over-year improvement.
| 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 MLCO on profitability, with a higher operating margin.
MLCO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.3B | -5.6% |
| Q1 2026 | $1.4B | +11% |
| Q4 2025 | $1.3B | +8.6% |
| Q3 2025 | $1.3B | +11% |
| Q2 2025 | $1.3B | +15% |
| Q1 2025 | $1.2B | +11% |
| Q4 2024 | $1.2B | +8.9% |
| Q3 2024 | $1.2B | +16% |
MLCO's revenue is growing: $1.3B last quarter, down 5.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 10% | +0.9 points |
| Q1 2026 | 13% | +1.6 points |
| Q4 2025 | 11% | +3.2 points |
| Q3 2025 | 14% | +2.3 points |
| Q2 2025 | 9.4% | -1.3 points |
| Q1 2025 | 12% | +0.5 points |
| Q4 2024 | 8.1% | +17 points |
| Q3 2024 | 12% | +2.5 points |
MLCO's operating margin was 10% 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.
MLCO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | $0 |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | $0 |
| Q3 2025 | $0 | $0 |
| Q2 2025 | $0 | $0 |
| Q1 2025 | $0 | $0 |
| Q4 2024 | $0 | $0 |
| Q3 2024 | $0 | $0 |
MLCO's free cash flow was $0 over the past year, against $0 the year before.
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 |
MLCO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -4.8M shares |
| 1 year | -6.9% | -29M shares |
| 3 years | -11% | -48.1M shares |
| 5 years | -19% | -90.6M shares |
| Available history | -19% | -92.4M shares |
MLCO has the edge over AMZN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
MLCO hasn't bought back shares in 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 has the edge over MLCO on leverage, with a lower net debt burden relative to earnings.
MLCO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 5.4x | High |
| Q1 2026 | 5.0x | High |
| Q4 2025 | 5.2x | High |
| Q3 2025 | 5.7x | High |
| Q2 2025 | 6.1x | High |
| Q1 2025 | 6.2x | High |
| Q4 2024 | 6.3x | High |
| Q3 2024 | 7.5x | High |
MLCO's net debt is about 5.4 years of its operating earnings (EBITDA), down from 6.1 years a year ago.
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).
MLCO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.1 | Neutral |
| Stochastic | 25.9 | Neutral |
MLCO's weekly RSI is 37 (neutral) and its Stochastic is 26 (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.
MLCO PE vs Consumer Cyclical Sector
| Metric | MLCO | Sector median | Relative |
|---|---|---|---|
| PE | 7x | 18x | 61% below |
| PE % | 2 | 47 | 45 pts below |
MLCO 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 MLCO on trend strength, trading above more of its moving averages.
MLCO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.21 | 0.7% below |
| 20 week MA | $4.90 | 15% below |
| 50 week MA | $5.64 | 26% below |
| 100 week MA | $6.38 | 34% below |
| 200 week MA | $7.74 | 46% below |
MLCO is in a downtrend: it's below all five of its weekly moving averages, and 46% 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 MLCO on returns for 2026, with the stronger performance.
MLCO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $24.4 | $18.6 | -24% |
| 2021 | $18.6 | $10.4 | -44% |
| 2022 | $10.4 | $11.2 | +7% |
| 2023 | $11.2 | $8.87 | -21% |
| 2024 | $8.87 | $5.88 | -34% |
| 2025 | $5.88 | $8.01 | +36% |
| 2026 YTD | $8.01 | $4.18 | -48% |
MLCO has finished lower in four of the last six years. It's down 48% so far in 2026.