Amazon.com (AMZN) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 4, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Oct 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AMZN SEC filings page.
Amazon.com, Inc. (AMZN) reported $797.5B in revenue over the twelve months to Sep 30, 2026, up 15.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Amazon's profits are expanding, but a much heavier investment cycle is absorbing nearly all cash generated from operations.
Operating cash flow rose20.4% to$139.5B in FY2025, confirming that reported earnings are producing cash. Capital spending reached$131.8B while free cash flow fell76.6% to$7.7B , showing that cash conversion and cash available after expansion are very different outcomes.
Gross margin moved from
FY2025 equity grew
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Amazon.com, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Amazon.com, Inc. has an operating margin of 11.2%, meaning the company retains $11 of operating profit per $100 of revenue. This results in a moderate score of 61/100, indicating healthy but not exceptional operating efficiency. This is up from 10.8% the prior year.
Amazon.com, Inc.'s revenue grew 12.4% year-over-year to $716.9B, a solid pace of expansion. This earns a growth score of 68/100.
Amazon.com, Inc. carries a low D/E ratio of 0.16, meaning only $0.16 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.
Amazon.com, Inc.'s current ratio of 1.05 is below the typical benchmark, resulting in a score of 21/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Amazon.com, Inc. generated $139.5B in operating cash flow, capex of $131.8B consumed most of it, leaving $7.7B in free cash flow. This results in a low score of 38/100, reflecting heavy capital investment rather than weak cash generation.
Amazon.com, Inc. earns a strong 18.9% return on equity (ROE), meaning it generates $19 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 72/100. This is down from 20.7% the prior year.
Amazon.com, Inc. scores 5.88, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $2.9T against total liabilities of $407.0B. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Amazon.com, Inc. passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
For every $1 of reported earnings, Amazon.com, Inc. generates $1.80 in operating cash flow ($139.5B OCF vs $77.7B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Amazon.com, Inc. earns $35.17 in operating income for every $1 of interest expense ($80.0B vs $2.3B). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Amazon.com, Inc. generated $201.9B in revenue in Q3 2026. This represents an increase of 12.1% from the same quarter a year earlier. Against the prior quarter it is up 0.7%.
Amazon.com, Inc.'s EBITDA was $49.0B in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 43.3% from the same quarter a year earlier. Against the prior quarter it is up 3.3%.
Amazon.com, Inc. reported $20.7B in net income in Q3 2026. This represents a decrease of 2.4% from the same quarter a year earlier. Against the prior quarter it is down 67.0%.
Amazon.com, Inc. earned $1.89 per diluted share (EPS) in Q3 2026. This represents a decrease of 3.1% from the same quarter a year earlier. Against the prior quarter it is down 67.1%.
Cash & Balance Sheet
Amazon.com, Inc. recorded an outflow of $34.8B in free cash flow in Q3 2026, representing a cash shortfall after capex. This represents a decrease of 8201.6% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Amazon.com, Inc. held $55.8B in cash against $173.1B in long-term debt as of Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Amazon.com, Inc.'s gross margin was 53.2% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 2.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.9 percentage points.
Amazon.com, Inc.'s operating margin was 13.9% in Q3 2026, reflecting core business profitability. This is up 4.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.
Amazon.com, Inc.'s net profit margin was 10.2% in Q3 2026, showing the share of revenue converted to profit. This is down 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 21.0 percentage points.
Amazon.com, Inc.'s quarterly ROE was 3.4% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is down 2.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.0 percentage points.
Capital Allocation
Amazon.com, Inc. invested $77.3B in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 120.1% from the same quarter a year earlier. Against the prior quarter it is up 42.5%.
Not reported for Q3 2026.
Not reported for Q3 2026.
AMZN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $201.9B+12.1% | $200.6B+19.6% | $181.5B+16.6% | $213.4B+13.6% | $180.2B+13.4% | $167.7B+13.3% | $155.7B+8.6% | $187.8B+10.5% |
| Cost of Revenue | $94.6B+6.7% | $95.8B+18.5% | $87.5B+13.6% | $110.0B+11.2% | $88.7B+9.5% | $80.8B+9.5% | $77.0B+6.0% | $98.9B+6.9% |
| Gross Profit | $107.4B+17.3% | $104.8B+20.6% | $94.1B+19.5% | $103.4B+16.3% | $91.5B+17.5% | $86.9B+17.1% | $78.7B+11.3% | $88.9B+14.8% |
| SG&A Expenses | $14.3B-1.4% | $14.5B+0.7% | $12.9B+4.1% | $17.0B+6.1% | $14.6B+9.3% | $14.4B+6.1% | $12.4B-0.1% | $16.0B+0.5% |
| Operating Income | $28.1B+61.2% | $27.5B+43.2% | $23.9B+29.6% | $25.0B+17.8% | $17.4B+0.1% | $19.2B+30.7% | $18.4B+20.2% | $21.2B+60.5% |
| EBITDA | $49.0B+43.3% | $47.4B+37.9% | $42.8B+31.0% | $44.4B+20.7% | $34.2B+10.9% | $34.4B+28.8% | $32.7B+21.0% | $36.8B+36.3% |
| Interest Expense | $1.7B+214.3% | $1.3B+154.7% | $800.0M+47.9% | $679.0M+19.1% | $538.0M-10.8% | $516.0M-12.4% | $541.0M-16.0% | $570.0M-20.1% |
| Income Tax | $6.2B-10.6% | $18.2B+579.6% | $9.6B+110.0% | $4.9B+112.7% | $6.9B+155.4% | $2.7B+51.6% | $4.6B+84.6% | $2.3B-24.1% |
| Net Income | $20.7B-2.4% | $62.6B+244.9% | $30.3B+76.7% | $21.2B+5.9% | $21.2B+38.2% | $18.2B+34.7% | $17.1B+64.2% | $20.0B+88.3% |
| EPS (Basic) | $1.92-3.0% | $5.82+240.4% | $2.82+74.1% | $1.98+4.2% | $1.98+35.6% | $1.71+32.6% | $1.62+62.0% | $1.90+86.3% |
| EPS (Diluted) | $1.89-3.1% | $5.75+242.3% | $2.78+74.8% | $1.95+4.8% | $1.95+36.4% | $1.68+33.3% | $1.59+62.2% | $1.86+84.2% |
| Diluted Shares (Avg) | 10.93B+0.8% | 10.90B+0.9% | 10.87B+0.8% | N/A | 10.85B+1.0% | 10.81B+0.9% | 10.79B+1.2% | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
AMZN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.2T+70.8% | $1.1T+60.6% | $916.6B+42.5% | $818.0B+30.9% | $727.9B+24.5% | $682.2B+23.0% | $643.3B+21.1% | $624.9B+18.4% |
| Current Assets | $255.1B+29.6% | $249.3B+30.2% | $255.2B+38.2% | $229.1B+20.0% | $196.9B+12.0% | $191.4B+10.5% | $184.6B+12.6% | $190.9B+10.7% |
| Cash & Equivalents | $55.8B-16.6% | $78.2B+35.5% | $101.8B+53.8% | $86.8B+10.2% | $66.9B-10.9% | $57.7B-18.9% | $66.2B-9.1% | $78.8B+7.3% |
| Short-Term Investments | $58.4B+114.3% | $44.8B+26.3% | $41.3B+45.5% | $36.2B+61.5% | $27.3B+110.5% | $35.4B+97.8% | $28.4B+132.0% | $22.4B+67.4% |
| Inventory | $42.6B+2.7% | $38.2B-6.5% | $36.5B+1.9% | $38.3B+12.0% | $41.5B+14.9% | $40.8B+19.7% | $35.9B+15.1% | $34.2B+2.7% |
| Accounts Receivable | $98.2B+60.6% | $88.1B+53.4% | $75.5B+39.3% | $67.7B+22.1% | $61.2B+18.5% | $57.4B+14.6% | $54.2B+13.5% | $55.5B+6.1% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $23.7B+2.1% | $23.5B+1.5% | $23.4B+1.6% | $23.3B+0.9% | $23.3B+0.8% | $23.2B+1.2% | $23.1B+1.4% | $23.1B+1.3% |
| Total Liabilities | $629.8B+75.8% | $544.1B+56.2% | $474.7B+40.7% | $407.0B+20.1% | $358.3B+10.1% | $348.4B+9.4% | $337.4B+7.3% | $338.9B+4.0% |
| Current Liabilities | $258.0B+32.2% | $241.3B+29.1% | $216.8B+23.0% | $218.0B+21.5% | $195.2B+20.9% | $186.9B+18.2% | $176.2B+15.2% | $179.4B+8.8% |
| Non-Current Liabilities | $371.8B+128.0% | $302.8B+87.5% | $258.0B+60.0% | $189.0B+18.5% | $163.1B-0.6% | $161.5B+0.8% | $161.2B-0.1% | $159.5B-1.0% |
| Long-Term Debt | $173.1B+241.2% | $128.9B+154.1% | $119.1B+123.1% | $65.6B+24.8% | $50.7B-7.6% | $50.7B-7.6% | $53.4B-7.4% | $52.6B-9.8% |
| Total Equity | $613.6B+66.0% | $551.6B+65.3% | $441.9B+44.5% | $411.1B+43.7% | $369.6B+42.6% | $333.8B+41.2% | $305.9B+41.2% | $286.0B+41.7% |
| Retained Earnings | $364.1B+58.8% | $343.4B+65.0% | $280.8B+47.8% | $250.5B+44.9% | $229.3B+50.0% | $208.2B+51.3% | $190.0B+53.2% | $172.9B+52.1% |
AMZN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $42.4B+19.4% | $45.4B+39.6% | $26.0B+53.0% | $54.5B+19.3% | $35.5B+36.8% | $32.5B+28.6% | $17.0B-10.4% | $45.6B+7.5% |
| Depreciation & Amortization | $20.9B+24.7% | $20.0B+31.3% | $18.9B+32.8% | $19.5B+24.6% | $16.8B+25.0% | $15.2B+26.5% | $14.3B+22.1% | $15.6B+13.1% |
| Stock-Based Compensation | $5.4B+11.5% | $6.0B-7.6% | $4.0B+9.3% | N/A | $4.8B-9.1% | $6.5B-2.8% | $3.7B-25.6% | N/A |
| Capital Expenditures | $77.3B+120.1% | $54.2B+68.4% | $44.2B+76.7% | $39.5B+42.0% | $35.1B+55.2% | $32.2B+82.7% | $25.0B+67.6% | $27.8B+90.8% |
| Free Cash Flow | -$34.8B-8201.6% | -$8.8B-2756.9% | -$18.2Bn/m | $14.9B-16.1% | $430.0M-87.2% | $332.0M-95.7% | -$8.0B-296.9% | $17.8B-36.1% |
| Investing Cash Flow | -$113.6Bn/m | -$79.2Bn/m | -$64.2Bn/m | -$47.2Bn/m | -$26.1Bn/m | -$39.4Bn/m | -$29.8Bn/m | -$37.4Bn/m |
| Financing Cash Flow | $48.9Bn/m | $10.1Bn/m | $52.8Bn/m | $12.3Bn/m | -$44.0Mn/m | -$2.5Bn/m | -$47.0Mn/m | -$3.3Bn/m |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
AMZN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.2%+2.4pp | 52.3%+0.4pp | 51.8%+1.3pp | 48.5%+1.1pp | 50.8%+1.8pp | 51.8%+1.7pp | 50.5%+1.2pp | 47.3%+1.8pp |
| Operating Margin | 13.9%+4.2pp | 13.7%+2.3pp | 13.1%+1.3pp | 11.7%+0.4pp | 9.7%-1.3pp | 11.4%+1.5pp | 11.8%+1.1pp | 11.3%+3.5pp |
| Net Margin | 10.2%-1.5pp | 31.2%+20.4pp | 16.7%+5.7pp | 9.9%-0.7pp | 11.8%+2.1pp | 10.8%+1.7pp | 11.0%+3.7pp | 10.7%+4.4pp |
| Return on Equity | 3.4%-2.4pp | 11.4%+5.9pp | 6.9%+1.3pp | 5.2%-1.8pp | 5.7%-0.2pp | 5.4%-0.3pp | 5.6%+0.8pp | 7.0%+1.7pp |
| Return on Assets | 1.7%-1.3pp | 5.7%+3.1pp | 3.3%+0.6pp | 2.6%-0.6pp | 2.9%+0.3pp | 2.7%+0.2pp | 2.7%+0.7pp | 3.2%+1.2pp |
| Current Ratio | 0.990.0x | 1.030.0x | 1.18+0.1x | 1.050.0x | 1.01-0.1x | 1.02-0.1x | 1.050.0x | 1.060.0x |
| Debt-to-Equity | 0.28+0.1x | 0.23+0.1x | 0.27+0.1x | 0.160.0x | 0.14-0.1x | 0.15-0.1x | 0.17-0.1x | 0.18-0.1x |
| Liabilities-to-Equity | 1.03+0.1x | 0.99-0.1x | 1.070.0x | 0.99-0.2x | 0.97-0.3x | 1.04-0.3x | 1.10-0.3x | 1.19-0.4x |
| Asset Turnover | 0.16-0.1x | 0.18-0.1x | 0.200.0x | 0.260.0x | 0.250.0x | 0.250.0x | 0.240.0x | 0.300.0x |
| FCF Margin | -17.3%-17.5pp | -4.4%-4.6pp | -10.0%-4.9pp | 7.0%-2.5pp | 0.2%-1.9pp | 0.2%-5.0pp | -5.1%-8.0pp | 9.5%-6.9pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Amazon.com, Inc. AMZN | FY2025 | $716.9B | $77.7B | 10.8% | $2.9T | 58/100 |
| Alibaba Group Holding Limited BABA | FY2026 | $148.4B | $15.0B | 10.1% | $261.9B | 52/100 |
| Sea Limited SE | FY2025 | $22.9B | $1.6B | 6.9% | $49.1B | 57/100 |
| Coupang, Inc. CPNG | FY2025 | $34.5B | $208.0M | 0.6% | $30.6B | 51/100 |
| Wayfair Inc. W | FY2025 | $12.5B | -$313.0M | -2.5% | $16.9B | 25/100 |
| PDD Holdings Inc. PDD | FY2025 | $61.8B | $14.0B | 22.7% | $116.9B | 77/100 |
Where Amazon.com, Inc. Ranks
Frequently Asked Questions
Amazon.com, Inc. (AMZN) reported $716.9B in total revenue for fiscal year 2025. This represents a 12.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Amazon.com, Inc. (AMZN) revenue grew by 12.4% year-over-year, from $638.0B to $716.9B in fiscal year 2025.
Yes, Amazon.com, Inc. (AMZN) reported a net income of $134.8B over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net income of $77.7B, with a net profit margin of 10.8%.
Amazon.com, Inc. (AMZN) had EBITDA of $145.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, Amazon.com, Inc. (AMZN) had $86.8B in cash and equivalents against $65.6B in long-term debt.
Amazon.com, Inc. (AMZN) had a gross margin of 50.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
Amazon.com, Inc. (AMZN) had an operating margin of 11.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
Amazon.com, Inc. (AMZN) had a net profit margin of 10.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Amazon.com, Inc. (AMZN) has a return on equity of 18.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Amazon.com, Inc. (AMZN) generated $7.7B in free cash flow during fiscal year 2025. This represents a -76.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
Amazon.com, Inc. (AMZN) generated $139.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Amazon.com, Inc. (AMZN) had $818.0B in total assets as of fiscal year 2025, including both current and long-term assets.
Amazon.com, Inc. (AMZN) invested $131.8B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Amazon.com, Inc. (AMZN) had a current ratio of 1.05 as of fiscal year 2025, which is considered adequate.
Amazon.com, Inc. (AMZN) had a debt-to-equity ratio of 0.16 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Amazon.com, Inc. (AMZN) had a liabilities-to-equity ratio of 0.99 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
Amazon.com, Inc. (AMZN) had a return on assets of 9.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Amazon.com, Inc. (AMZN) trades at 21.3x earnings, its market capitalization divided by $134.8B net income, trailing 12 months to September 30, 2026. The market capitalization is $2.9T as of Nov 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Amazon.com, Inc. (AMZN) trades at 3.6x sales, its market capitalization divided by $797.5B revenue, trailing 12 months to September 30, 2026. The market capitalization is $2.9T as of Nov 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Amazon.com, Inc. (AMZN) has an Altman Z-Score of 5.88, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
Amazon.com, Inc. (AMZN) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Amazon.com, Inc. (AMZN) has an earnings quality ratio of 1.80x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Amazon.com, Inc. (AMZN) has an interest coverage ratio of 35.17x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
Amazon.com, Inc. (AMZN) scores 58 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.