AMZN vs SE: How Amazon and Sea Limited Compare (2026)

Same yardstick, side by side (as of July 2026). Valuation lined up like this is most meaningful for two names in the same corner of the market, which these are. Figures are approximate; verify before investing.

The metrics above tell you which is the marginally better business. The bigger risk for most people is not picking the slightly worse stock, it is over-concentrating. AMZN and SE share themes, so owning both, or adding either to what you already hold, can quietly push a large share of your portfolio into one bet.

This is the part a generic comparison page cannot answer, because it depends on what you own. Connect your brokerage and Walnut shows your real, combined AMZN and SE exposure, flags overlap with your existing positions, and tells you if adding one would tip you past a concentration you are comfortable with, read-only by default, with your login staying at your broker. Walnut is not an investment adviser.

Amazon is one of the largest companies in the world, operating across three major business lines. Amazon Web Services (AWS) is the dominant global cloud computing provider, generating around $110 billion in annual revenue and most of the company's operating income. The North America and International e-commerce segments include the Amazon online marketplace, Prime membership, and third-party seller services. Advertising has grown into the third-largest digital ad business in the world (after Google and Meta).

Full AMZN guide

Sea Limited is a Singapore-based technology company that operates three interconnected businesses across Southeast Asia, Taiwan, Brazil, and other markets. Shopee is its e-commerce marketplace and the largest segment by revenue. Garena is its digital entertainment arm, historically driven by the mobile hit Free Fire and the licensing and publishing of other games. Monee, the rebranded digital financial services unit formerly called SeaMoney, provides digital payments and, increasingly, consumer and seller lending. The three feed one another: Shopee generates transactions and users, Monee monetizes those users through credit, and Garena has historically funded the group with cash flow.

Full SE guide

Both fit overlapping themes, but they are not interchangeable. The useful comparison is which set of drivers and risks you want exposure to.

• AMZN drivers: AWS as the AI infrastructure backbone; Retail margin expansion.
• SE drivers: Shopee e-commerce scale and monetization; Monee (SeaMoney) lending flywheel.

A faster-growing, richer-valued name usually swings harder, so it suits a longer horizon and a higher tolerance for volatility; a steadier, more cash-generative business suits a more conservative or income-minded investor. The honest test is which set of risks you could hold through a drawdown: Hyperscaler AI capex is concentrated; if model training demand cools, AWS growth slows. For SE, the dominant risk is competition on every front: Shopee faces TikTok Shop, Lazada, Temu, and others in commerce; Monee competes with regional super-apps like Grab and GoTo in fintech; and Garena competes with global gaming publishers.

Growth-minded investors who believe the theme has years to run tend to accept the richer multiple for more upside; value-minded investors lean toward the cheaper forward earnings and steadier profile. Pick AMZN if you believe its drivers more; SE if you believe its. Many investors hold both, but since they share themes, that is a concentrated bet, not diversification. Decide deliberately and check overlap. For the full detail, see the AMZN and SE guides.

AMZN. Amazon's headline P/E reflects the aggregate of low-margin retail and high-margin AWS/advertising. The valuation premium is paid for AWS specifically; retail is essentially valued near cost. P/E of 40x is elevated versus the S&P 500 average (~22x), supported by AWS growth re-accelerating.

SE. Figures are approximate and tied to the asOf date; verify live numbers before acting. Sea trades on a growth-plus-profitability story, so its multiples are richer than a slow-growth internet peer but well below its own historical peaks. A P/E in the 30s prices in continued strong execution, which means disappointments in Shopee monetization, Monee credit quality, or Garena bookings can compress the multiple quickly. Analyst price targets have skewed bullish, but those views embed the assumption that the three-segment flywheel keeps working.

Headline figures (approximate, early 2026): AMZN shows revenue (ttm) ~$650 billion, operating margin ~10% (AWS materially higher; retail much lower), net income (ttm) ~$60 billion, eps (ttm) ~$5.50; SE shows revenue (fy2025) ~$22.9 billion, up ~36% year over year, revenue (q1 2026) ~$7.1 billion, up ~47% year over year across all three segments, net income (q1 2026) ~$438 million; full-year 2025 net income was ~$1.6 billion, market cap ~$55 billion (large-cap emerging-markets internet name).

AMZN and SE are related but distinct: same themes, different businesses and risks. Neither wins in the abstract; the right pick is whichever thesis you actually believe, sized so you are not over-concentrated in one theme. Walnut can show your combined AMZN and SE exposure against your real portfolio. It is not an investment adviser.