American Well AMWL Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 52.9%+8.6pp | 53.3%+14.4pp | 52.4%+17.6pp | 49%+14.8pp | 44.3%+9.7pp | |
| Operating margin | -38.9%+27.2pp | -42.2%+43.3pp | -46.4%+44.9pp | -52.2%+76.3pp | -66.1%+79.2pp | |
| Net margin | -37%+22.1pp | -38.4%+43.4pp | -42.8%+41.5pp | -46.2%+74.3pp | -59.1%+78.2pp | |
| EBITDA margin | -24.7%+29.0pp | -28.6%+44.0pp | -33.7%+44.5pp | -40.2%+75.4pp | -53.6%+78.9pp | |
| Free cash flow margin | -17.6%+17.8pp | -26.5%+23.6pp | -23.4%+37.9pp | -28%+35.3pp | -35.4%+35.0pp | |
| Returns | ||||||
| Return on equity | -33.7%+10.3pp | -35.4%+18.7pp | -38.3%+12.7pp | -38.5%+23.5pp | -44%+19.3pp | |
| Return on assets | -23.6%+8.4pp | -25.2%+15.4pp | -26.9%+11.4pp | -27.8%+20.2pp | -32%+18.0pp | |
| Return on invested capital | -141%+41.2pp | -147.8%+82.8pp | -153%+3.3pp | -168.9%-54.7pp | -182.1%-77.5pp | |
| Efficiency | ||||||
| Asset turnover | 0.6×+0.1× | 0.7×+0.2× | 0.6×+0.2× | 0.6×+0.2× | 0.5×+0.2× | |
| Inventory turnover | 60.8×+28.8× | 57.6×+24.9× | 38.3×+12.0× | 35.5×+11.7× | 32×+9.8× | |
| Liquidity | ||||||
| Current ratio | 3.1×+0.2× | 3.4×+0.5× | 3.1×+0.2× | 3.3×+0.1× | 2.9×-0.9× | |
| Quick ratio | 3.1×+0.2× | 3.4×+0.5× | 3.1×+0.2× | 3.3×+0.1× | 2.9×-0.9× | |
| Cash ratio | 2.1×+0.1× | 2.5×+0.4× | 2.3×+0.3× | 2.5×+0.1× | 2.1×-0.8× | |
| 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×-33.5× | -25.2×-5.0× | -26.7×-14.2× | -18×-3.5× | -17.9×-1.3× | |
| Per Share | ||||||
| Book value per share | $13.70-26.9% | $14.68-27.7% | $15.72-29.3% | $17.78-27.3% | $18.76-33.0% | |
| Valuation | ||||||
| Market capitalization | $154.55M+29.3% | $80.38M-27.6% | $99.34M-30.1% | $115.25M+19.7% | $123.01M-47.5% | |
| Enterprise value | -$20.69M-77.8% | -$97.42M+10.7% | -$96.09M-2.8% | -$97.43M+42.9% | -$92.11M-45.7% | |
| Price / sales | 0.7×+0.2× | 0.3×-0.1× | 0.4×-0.2× | 0.4×0.0× | 0.5×-0.5× | |
| Price / book | 0.7×+0.3× | 0.3×0.0× | 0.4×0.0× | 0.4×+0.1× | 0.4×-0.2× | |
| EV / sales | -0.1×+0.3× | -0.4×0.0× | -0.4×0.0× | -0.4×+0.3× | -0.4×-0.1× | |
| Free cash flow yield | -27.1%+36.2pp | -82.1%+32.7pp | -62.5%+47.1pp | -65.6%+102pp | -75.4%+1.0pp | |
| Earnings yield | -56.9%+47.3pp | -119.1%+68.3pp | -114.2%+36.4pp | -108%+211pp | -125.8%+23.3pp |
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.
