American Well Corporation

AMWL Healthcare Health Information Services

American Well Corporation’s revenue for fiscal 2025 (year ended December 2025) was $249.3 million, down 1.98% from fiscal 2024. In the quarter to June 2026, revenue fell 26.6%, EPS grew 52.4% and free cash flow grew 266.4%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years; insiders bought in the last twelve months.

11.68 0.70 −5.65%
Market cap
$210.6M
P/E
0.0×
Fwd P/E
−2.6×
Dividend yield
—
F-score
6/9
Altman Z
−7.95
Beneish M
−3.29
Dividend safety
n/a
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17
Piotroski F-Score
6 5 3 4 4 — — — —
P/E ratio
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 —
Altman Z-Score
(7.95) (6.26) (4.56) 2.22 4.53 11.44 — — —
P/S ratio
0.32 0.43 1.59 2.79 6.07 10.23 0.00 0.00 —
Altman Z″-Score (non-manufacturers)
(16.00) (12.18) (9.04) 6.85 7.61 12.27 (2.45) — —
P/FCF ratio
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 —
Beneish M-Score
(3.29) (3.25) (7.12) (2.67) (2.03) (2.42) — — —
P/Operating CF
(4.54) (8.09) (9.91) (21.51) (34.16) (102.27) (38.99) (38.99) —
P/B ratio
0.32 0.34 0.86 0.71 1.22 2.01 0.00 0.00 —
Price to Tangible BV
0.43 0.51 1.15 1.51 2.31 2.52 0.00 0.00 —
EV/Sales
(0.42) (0.47) 0.15 0.85 3.12 5.98 0.00 0.00 —
EV/EBITDA
1.53 0.66 0.00 0.00 0.00 0.00 0.00 0.00 —
EV/Operating CF
1.57 0.94 (0.27) (1.22) (5.57) (13.04) (6.08) (6.08) —
EV/FCF
1.57 0.84 (0.25) (1.16) (5.55) (12.66) (5.92) (5.92) —
Quick Ratio
3.17 2.70 4.54 5.23 5.63 8.99 1.97 3.32 —
Current Ratio
3.37 2.85 4.79 5.49 5.84 9.20 2.10 3.39 —
Net Debt/EBITDA
2.69 1.26 1.68 2.18 4.65 4.85 2.09 5.37 —
Debt/Assets
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Debt/Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 —
Asset Turnover
0.66 0.50 0.29 0.21 0.18 0.26 0.60 0.00 —
Operating CF/Net income
0.69 0.61 0.22 0.71 0.80 0.50 0.94 1.41 —
Capex/Depreciation
0.00 (0.42) (0.03) (0.37) (0.03) (0.27) (0.14) (0.29) —
ROE
(33.93%) (52.27%) (86.34%) (23.07%) (14.07%) (46.50%) 34.00% 19.55% —
ROA
(25.19%) (40.59%) (74.72%) (20.31%) (12.49%) (23.92%) (34.88%) 0.00% —
ROIC
(100.51%) (154.63%) (400.00%) (31.62%) (21.76%) (69.84%) 0.00% 0.00% —
Return on Tangible Assets
(55.10%) (100.99%) (189.46%) (52.66%) (25.63%) (22.53%) (72.89%) (24.73%) —
Average Days of Receivables
72.75 103.15 76.29 76.86 74.18 67.41 80.25 99.29 —
Research and Development Expense of Revenue
29.22% 33.84% 40.85% 49.96% 42.17% 34.42% 36.24% 31.83% —
Selling, General and Administrative Expense of Revenue
52.67% 77.62% 82.26% 82.25% 63.60% 90.25% 68.44% 60.42% —
Intangible Assets out of Total Assets
0.20 0.23 0.20 0.47 0.41 0.18 0.51 0.00 0.00
Share Based Compensation of Revenue
8.83% 18.69% 27.89% 28.43% 18.42% 48.26% 8.15% 6.73% —
Graham Net Nets
2.17 1.81 0.83 0.64 0.42 0.39 0.20 0.20 —
Graham Number
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 —
Earnings Yield
(121.18%) (193.10%) (165.52%) (34.75%) (11.42%) (9.02%) (2.56%) (2.56%) —
Free Cash Flow Yield
(83.73%) (131.09%) (39.69%) (26.22%) (9.26%) (4.62%) (14.29%) (14.29%) —
Revenue per Share
15.54 16.96 18.23 20.22 19.90 49.53 72.37 56.16 —
Operating CF per Share
(4.11) (8.49) (10.44) (14.03) (11.14) (22.71) (39.81) (36.47) —
Capex per Share
0.00 (1.01) (1.07) (0.76) (0.04) (0.67) (0.65) (0.94) —
Free Cash Flow per Share
(4.11) (9.50) (11.51) (14.79) (11.19) (23.38) (40.46) (37.41) —
Cash per Share
11.36 15.22 26.18 39.28 58.76 210.55 86.35 128.62 —
Shareholders Equity per Share
15.44 21.08 33.79 79.06 99.25 251.65 (136.54) 0.00 —
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 —
Book value per Share
15.44 21.08 33.79 79.06 99.25 251.65 (136.54) 0.00 —
Free Cash Flow
(65.97) (142.56) (163.59) (202.77) (142.10) (115.78) (83.23) (75.92) —
Working Capital
173.47 205.73 355.79 512.56 685.67 992.31 116.95 210.00 —
Capital Expenditures
(0.02) (15.22) (15.25) (10.45) (0.56) (3.32) (1.34) (1.91) —
Net Current Asset Value
170.68 197.27 340.06 492.91 642.34 982.84 (557.22) 298.00 —
EV/EBIT
0.98 0.55 0.00 0.00 0.00 0.00 0.00 0.00 —
Capex to Sales
0.00 0.06 0.06 0.04 0.00 0.01 0.01 0.02 —
Price to Operating Income
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 —
Other line items
Depreciation/Fixed assets
167.12 95.45 822.87 28.13 8.41 3.24 3.58 2.17 —
Cash ROIC
(15.34%) (26.18%) (19.20%) (12.50%) (7.08%) (5.06%) 80.62% (29.09%) —
Accounts Receivable Turnover
4.10 4.04 4.60 5.05 5.23 6.29 4.67 3.56 —
Accounts Payable Turnover
34.95 31.46 27.15 16.55 16.54 25.49 15.23 10.66 —
Inventory Turnover
57.59 32.68 21.35 19.72 17.83 25.64 26.20 19.54 —
Average Days of Payables
5.17 11.78 10.81 16.46 29.88 13.50 29.68 24.91 —
Days of Inventory on Hand
3.72 6.71 14.78 19.88 18.51 21.25 14.17 18.68 —
Average Receivables
60.79 63.02 56.26 54.87 48.34 39.01 31.87 32.00 —
Average Payables
3.33 4.94 6.05 9.70 8.98 6.15 5.25 5.50 —
Average Inventory
2.02 4.76 7.69 8.13 8.33 6.12 3.05 3.00 —
Average Assets
379.88 512.84 903.63 1,331.70 1,411.24 938.26 249.94 0.00 —
Average Common Equity
282.02 398.22 782.02 1,172.36 1,253.54 482.67 (256.43) (269.50) —

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Columns are period end dates