American Well Corporation (AMWL) vs Spok Holdings, Inc. (SPOK)

American Well Corporation and Spok Holdings, Inc. are both Health Information Services companies. American Well Corporation and Spok Holdings, Inc. are of similar size ($229.1M and $216.5M). American Well Corporation has negative trailing earnings, so its P/E is not meaningful; Spok Holdings, Inc. trades at 17.4×. Spok Holdings, Inc. grew revenue faster over the last twelve months: −3.39% against −19.0%. Spok Holdings, Inc. has the higher net margin (9.00% vs −35.8%) and the higher return on invested capital (8.20% vs −135.5%). Across the 17 metrics below, Spok Holdings, Inc. leads on 11 and American Well Corporation on 6.

Valuation

Metric AMWL SPOK Health Information Services median
P/E n/m 17.43 39.52
P/S 1.03 1.61 2.65
P/B 0.96 1.56 2.32
Price to free cash flow n/m 8.60 16.77
EV/EBITDA n/m 10.20 12.35
EV/Sales 0.13 1.49 3.06
Earnings yield (35.52%) 5.74% (1.68%)
Free cash flow yield (14.23%) 11.62% 0.54%

Profitability

Metric AMWL SPOK Health Information Services median
Gross margin 51.88% 78.18% 63.38%
Operating margin (37.28%) 11.89% (8.35%)
Net margin (35.75%) 9.00% (14.70%)
Free cash flow margin (14.66%) 18.69% 0.58%
Return on equity (29.54%) 8.42% (6.82%)
Return on assets (21.82%) 6.06% (6.02%)
Return on invested capital (135.53%) 8.20% 0.00%

Growth

Metric AMWL SPOK Health Information Services median
Revenue growth (TTM) (19.00%) (3.39%) 8.62%
EPS growth (last fiscal year) 57.06% 2.74% —
Revenue growth, 5-year CAGR 0.33% (1.17%) 12.36%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AMWL SPOK Health Information Services median
Debt to equity 0.00 0.00 0.01
Current ratio 2.90 1.09 2.37
Net debt to EBITDA 2.69 (1.09) 0.50

Dividend

Metric AMWL SPOK Health Information Services median
Dividend yield — 7.36% 0.85%
Payout ratio 0.00 0.71 0.00

Size

Metric AMWL SPOK Health Information Services median
Market cap 229.11m 216.50m 352.86m

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