American Well AMWL Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 52.9%-0.4pp | 53.3%+0.9pp | 52.4%+3.5pp | 49%+4.7pp | 44.3%+5.4pp | |
| Operating margin | -38.9%+3.3pp | -42.2%+4.1pp | -46.4%+5.9pp | -52.2%+13.8pp | -66.1%+19.4pp | |
| Net margin | -37%+1.4pp | -38.4%+4.4pp | -42.8%+3.4pp | -46.2%+13.0pp | -59.1%+22.7pp | |
| EBITDA margin | -24.7%+3.9pp | -28.6%+5.1pp | -33.7%+6.5pp | -40.2%+13.5pp | -53.6%+18.9pp | |
| Free cash flow margin | -17.6%+8.8pp | -26.5%-3.0pp | -23.4%+4.6pp | -28%+7.4pp | -35.4%+14.7pp | |
| Returns | ||||||
| Return on equity | -33.7%+1.7pp | -35.4%+2.9pp | -38.3%+0.2pp | -38.5%+5.5pp | -44%+10.1pp | |
| Return on assets | -23.6%+1.6pp | -25.2%+1.7pp | -26.9%+0.8pp | -27.8%+4.2pp | -32%+8.6pp | |
| Return on invested capital | -141%+6.8pp | -147.8%+5.2pp | -153%+15.8pp | -168.9%+13.3pp | -182.1%+48.5pp | |
| Efficiency | ||||||
| Asset turnover | 0.6×0.0× | 0.7×0.0× | 0.6×0.0× | 0.6×+0.1× | 0.5×0.0× | |
| Inventory turnover | 60.8×+3.2× | 57.6×+19.3× | 38.3×+2.8× | 35.5×+3.5× | 32×-0.7× | |
| Liquidity | ||||||
| Current ratio | 3.1×-0.3× | 3.4×+0.2× | 3.1×-0.2× | 3.3×+0.4× | 2.9×+0.1× | |
| Quick ratio | 3.1×-0.3× | 3.4×+0.2× | 3.1×-0.2× | 3.3×+0.4× | 2.9×+0.1× | |
| Cash ratio | 2.1×-0.4× | 2.5×+0.2× | 2.3×-0.2× | 2.5×+0.4× | 2.1×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Debt-to-assets | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Interest coverage | -51.4×-26.1× | -25.2×+1.5× | -26.7×-8.8× | -18×-0.1× | -17.9×+2.3× | |
| Per Share | ||||||
| Book value per share | $13.70-6.7% | $14.68-6.6% | $15.72-11.6% | $17.78-5.2% | $18.76-7.7% | |
| Valuation | ||||||
| Market capitalization | $154.55M+29.3% | $80.38M-19.1% | $99.34M-13.8% | $115.25M-6.3% | $123.01M+10.7% | |
| Enterprise value | -$20.69M-77.8% | -$97.42M-1.4% | -$96.09M+1.4% | -$97.43M-5.8% | -$92.11M+15.5% | |
| Price / sales | 0.7×+0.2× | 0.3×-0.1× | 0.4×-0.1× | 0.4×0.0× | 0.5×0.0× | |
| Price / book | 0.7×+0.3× | 0.3×0.0× | 0.4×0.0× | 0.4×0.0× | 0.4×+0.1× | |
| EV / sales | -0.1×+0.3× | -0.4×0.0× | -0.4×0.0× | -0.4×0.0× | -0.4×+0.1× | |
| Free cash flow yield | -27.1%+36.2pp | -82.1%-19.6pp | -62.5%+3.2pp | -65.6%+9.8pp | -75.4%+39.4pp | |
| Earnings yield | -56.9%+47.3pp | -119.1%-4.9pp | -114.2%-6.2pp | -108%+17.8pp | -125.8%+61.6pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are American Well's profit margins?
- American Well (AMWL) runs a 52.9% gross margin and a -38.9% operating margin, with a -37.0% net margin.
- Where do American Well's ratios come from?
- Every ratio is computed from American Well's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
