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Stock Comparison

HNGE vs AMWL

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
HNGE
Hinge Health, Inc.

Medical - Healthcare Information Services

HealthcareNYSE • US
Market Cap$5.15B
5Y Perf.+68.2%
AMWL
American Well Corporation

Medical - Healthcare Information Services

HealthcareNYSE • US
Market Cap$152M
5Y Perf.+35.2%

HNGE vs AMWL — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
HNGE logoHNGE
AMWL logoAMWL
IndustryMedical - Healthcare Information ServicesMedical - Healthcare Information Services
Market Cap$5.15B$152M
Revenue (TTM)$646M$182M
Net Income (TTM)$-510M$-88M
Gross Margin80.8%38.7%
Operating Margin-81.6%-50.6%
Forward P/E26.0x
Total Debt$8M$5M
Cash & Equiv.$208M$182M

HNGE vs AMWLLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

HNGE
AMWL
StockMay 25Jun 26Return
Hinge Health, Inc. (HNGE)100168.2+68.2%
American Well Corpo… (AMWL)100135.2+35.2%

Price return only. Dividends and distributions are not included.

Quick Verdict: HNGE vs AMWL

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: HNGE leads in 3 of 6 categories, making it the strongest pick for growth and revenue expansion and capital preservation and lower volatility. American Well Corporation is the stronger pick specifically for profitability and margin quality and operational efficiency and capital deployment. As sector peers, any of these can serve as alternatives in the same allocation.
🥇HNGE emerged as the overall leader. Track its performance:
HNGE
Hinge Health, Inc.
The Income Pick

HNGE carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.

  • beta 1.32
  • Rev growth 50.6%, EPS growth -33.6%
  • 74.0% 10Y total return vs AMWL's -98.0%
Best for: income & stability and growth exposure
AMWL
American Well Corporation
The Quality Compounder

AMWL is the clearest fit if your priority is quality and efficiency.

  • -48.2% margin vs HNGE's -78.9%
  • -25.1% ROA vs HNGE's -69.5%, ROIC -95.1% vs -268.2%
Best for: quality and efficiency
See the full category breakdown
CategoryWinnerWhy
GrowthHNGE logoHNGE50.6% revenue growth vs AMWL's -2.0%
Quality / MarginsAMWL logoAMWL-48.2% margin vs HNGE's -78.9%
Stability / SafetyHNGE logoHNGEBeta 1.32 vs AMWL's 1.45
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)HNGE logoHNGE+86.6% vs AMWL's +27.2%
Efficiency (ROA)AMWL logoAMWL-25.1% ROA vs HNGE's -69.5%, ROIC -95.1% vs -268.2%

HNGE vs AMWL — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

HNGEHinge Health, Inc.
FY 2025
Reportable Segment
100.0%$588M
AMWLAmerican Well Corporation
FY 2025
Platform Subscription
53.1%$132M
Visits
37.8%$94M
Others
9.1%$23M

HNGE vs AMWL — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLHNGELAGGINGAMWL

Income & Cash Flow (Last 12 Months)

Evenly matched — HNGE and AMWL each lead in 3 of 6 comparable metrics.

HNGE is the larger business by revenue, generating $646M annually — 3.5x AMWL's $182M. AMWL is the more profitable business, keeping -48.2% of every revenue dollar as net income compared to HNGE's -78.9%. On growth, HNGE holds the edge at +47.2% YoY revenue growth, suggesting stronger near-term business momentum.

MetricHNGE logoHNGEHinge Health, Inc.AMWL logoAMWLAmerican Well Cor…
RevenueTrailing 12 months$646M$182M
EBITDAEarnings before interest/tax-$524M-$59M
Net IncomeAfter-tax profit-$510M-$88M
Free Cash FlowCash after capex$206M-$42M
Gross MarginGross profit ÷ Revenue+80.8%+38.7%
Operating MarginEBIT ÷ Revenue-81.6%-50.6%
Net MarginNet income ÷ Revenue-78.9%-48.2%
FCF MarginFCF ÷ Revenue+31.9%-22.9%
Rev. Growth (YoY)Latest quarter vs prior year+47.2%-100.0%
EPS Growth (YoY)Latest quarter vs prior year-73.5%+44.5%
Evenly matched — HNGE and AMWL each lead in 3 of 6 comparable metrics.

Valuation Metrics

AMWL leads this category, winning 2 of 3 comparable metrics.
MetricHNGE logoHNGEHinge Health, Inc.AMWL logoAMWLAmerican Well Cor…
Market CapShares × price$5.1B$152M
Enterprise ValueMkt cap + debt − cash$4.9B-$26M
Trailing P/EPrice ÷ TTM EPS-12.59x-1.53x
Forward P/EPrice ÷ next-FY EPS est.25.96x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple
Price / SalesMarket cap ÷ Revenue8.75x0.61x
Price / BookPrice ÷ Book value/share14.10x0.59x
Price / FCFMarket cap ÷ FCF30.14x
AMWL leads this category, winning 2 of 3 comparable metrics.

Profitability & Efficiency

AMWL leads this category, winning 7 of 8 comparable metrics.

AMWL delivers a -33.5% return on equity — every $100 of shareholder capital generates $-33 in annual profit, vs $-139 for HNGE. AMWL carries lower financial leverage with a 0.02x debt-to-equity ratio, signaling a more conservative balance sheet compared to HNGE's 0.02x. On the Piotroski fundamental quality scale (0–9), AMWL scores 6/9 vs HNGE's 5/9, reflecting solid financial health.

MetricHNGE logoHNGEHinge Health, Inc.AMWL logoAMWLAmerican Well Cor…
ROE (TTM)Return on equity-138.7%-33.5%
ROA (TTM)Return on assets-69.5%-25.1%
ROICReturn on invested capital-2.7%-95.1%
ROCEReturn on capital employed-135.5%-36.6%
Piotroski ScoreFundamental quality 0–956
Debt / EquityFinancial leverage0.02x0.02x
Net DebtTotal debt minus cash-$200M-$178M
Cash & Equiv.Liquid assets$208M$182M
Total DebtShort + long-term debt$8M$5M
Interest CoverageEBIT ÷ Interest expense-239.18x
AMWL leads this category, winning 7 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

HNGE leads this category, winning 5 of 6 comparable metrics.

A $10,000 investment in HNGE five years ago would be worth $17,396 today (with dividends reinvested), compared to $329 for AMWL. Over the past 12 months, HNGE leads with a +86.6% total return vs AMWL's +27.2%. The 3-year compound annual growth rate (CAGR) favors HNGE at 20.3% vs AMWL's -42.8% — a key indicator of consistent wealth creation.

MetricHNGE logoHNGEHinge Health, Inc.AMWL logoAMWLAmerican Well Cor…
YTD ReturnYear-to-date+43.4%+87.8%
1-Year ReturnPast 12 months+86.6%+27.2%
3-Year ReturnCumulative with dividends+74.0%-81.3%
5-Year ReturnCumulative with dividends+74.0%-96.7%
10-Year ReturnCumulative with dividends+74.0%-98.0%
CAGR (3Y)Annualised 3-year return+20.3%-42.8%
HNGE leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

HNGE leads this category, winning 2 of 2 comparable metrics.

HNGE is the less volatile stock with a 1.32 beta — it tends to amplify market swings less than AMWL's 1.45 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. HNGE currently trades 97.7% from its 52-week high vs AMWL's 91.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricHNGE logoHNGEHinge Health, Inc.AMWL logoAMWLAmerican Well Cor…
Beta (5Y)Sensitivity to S&P 5001.32x1.45x
52-Week HighHighest price in past year$66.90$9.96
52-Week LowLowest price in past year$30.08$3.71
% of 52W HighCurrent price vs 52-week peak+97.7%+91.5%
RSI (14)Momentum oscillator 0–10073.363.1
Avg Volume (50D)Average daily shares traded1.3M79K
HNGE leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Wall Street rates HNGE as "Buy" and AMWL as "Hold". Consensus price targets imply 13.5% upside for HNGE (target: $74) vs -30.5% for AMWL (target: $6).

MetricHNGE logoHNGEHinge Health, Inc.AMWL logoAMWLAmerican Well Cor…
Analyst RatingConsensus buy/hold/sellBuyHold
Price TargetConsensus 12-month target$74.18$6.33
# AnalystsCovering analysts1415
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap+1.3%+0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

AMWL leads in 2 of 6 categories (Valuation Metrics, Profitability & Efficiency). HNGE leads in 2 (Total Returns, Risk & Volatility). 1 tied.

Best OverallHinge Health, Inc. (HNGE)Leads 2 of 6 categories
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HNGE vs AMWL: Frequently Asked Questions

9 questions · data-driven answers · updated daily

01

Is HNGE or AMWL a better buy right now?

For growth investors, Hinge Health, Inc.

(HNGE) is the stronger pick with 50. 6% revenue growth year-over-year, versus -2. 0% for American Well Corporation (AMWL). Analysts rate Hinge Health, Inc. (HNGE) a "Buy" — based on 14 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which is the better long-term investment — HNGE or AMWL?

Over the past 5 years, Hinge Health, Inc.

(HNGE) delivered a total return of +74. 0%, compared to -96. 7% for American Well Corporation (AMWL). Over 10 years, the gap is even starker: HNGE returned +74. 0% versus AMWL's -98. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

03

Which is safer — HNGE or AMWL?

By beta (market sensitivity over 5 years), Hinge Health, Inc.

(HNGE) is the lower-risk stock at 1. 32β versus American Well Corporation's 1. 45β — meaning AMWL is approximately 10% more volatile than HNGE relative to the S&P 500. On balance sheet safety, American Well Corporation (AMWL) carries a lower debt/equity ratio of 2% versus 2% for Hinge Health, Inc. — giving it more financial flexibility in a downturn.

04

Which is growing faster — HNGE or AMWL?

By revenue growth (latest reported year), Hinge Health, Inc.

(HNGE) is pulling ahead at 50. 6% versus -2. 0% for American Well Corporation (AMWL). On earnings-per-share growth, the picture is similar: American Well Corporation grew EPS 57. 1% year-over-year, compared to -33. 6% for Hinge Health, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

05

Which has better profit margins — HNGE or AMWL?

American Well Corporation (AMWL) is the more profitable company, earning -38.

4% net margin versus -89. 9% for Hinge Health, Inc. — meaning it keeps -38. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: AMWL leads at -42. 2% versus -92. 9% for HNGE. At the gross margin level — before operating expenses — HNGE leads at 79. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

06

Is HNGE or AMWL more undervalued right now?

Analyst consensus price targets imply the most upside for HNGE: 13.

5% to $74. 18.

07

Which pays a better dividend — HNGE or AMWL?

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

08

Is HNGE or AMWL better for a retirement portfolio?

For long-horizon retirement investors, Hinge Health, Inc.

(HNGE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding. Both have compounded well over 10 years (HNGE: +74. 0%, AMWL: -98. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

09

What are the main differences between HNGE and AMWL?

Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: HNGE is a small-cap high-growth stock; AMWL is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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