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American Well Corporation (AMWL) 10-Year Financial Performance & Capital Metrics

AMWL • • Industrial / General
HealthcareHealthcare ITTelehealth & Virtual Care PlatformsGeneral Telehealth Platforms
AboutAmerican Well Corporation operates as a telehealth software company that enables digital delivery of care for healthcare. The company products offer urgent care; scheduled visits; acute behavioral health; telestroke; pediatrics; retail health, school health, and home settings. Its application offers urgent care; pediatrics; therapy; menopause nutrition; end-stage renal disease and dialysis; dermatology care; behavioral health therapy; and musculoskeletal care. The company also provides telemedicine equipment, including telemedicine carts, peripherals, tyto care, TV kits, tablets, and kiosks. American Well Corporation was incorporated in 2006 and is headquartered in Boston, Massachusetts.Show more
  • Revenue $254M -1.8%
  • EBITDA -$163M +25.6%
  • Net Income -$208M +69.2%
  • EPS (Diluted) -13.88 +70.8%
  • Gross Margin 25.94% +6.2%
  • EBITDA Margin -64.16% +24.2%
  • Operating Margin -77.31% +20.3%
  • Net Margin -81.83% +68.6%
  • ROE -52.27% +39.5%
  • ROIC -136.52% -146.3%
  • Debt/Equity 0.03 +5.7%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong 5Y sales CAGR of 11.3%
  • ✓Trading at only 0.2x book value

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y11.31%
3Y0.21%
TTM4.33%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM47.01%

EPS CAGR

10Y-
5Y-
3Y-
TTM50.45%

ROCE

10Y Avg-25.51%
5Y Avg-28.34%
3Y Avg-33.59%
Latest-47.93%

Peer Comparison

General Telehealth Platforms
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Size & Scale
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Quality & Returns
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
AMWLAmerican Well Corporation70.09M4.76-0.34-1.81%-42.8%-42.43%0.03
TDOCTeladoc Health, Inc.1.16B6.53-1.11-1.26%-8.84%-16.06%24.41%1.06
EUDAEUDA Health Holdings Limited69.19M1.83-3.898.22%5.17%

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+113.95M148.86M245.26M252.79M277.19M259.05M254.36M
Revenue Growth %-0.31%0.65%0.03%0.1%-0.07%-0.02%
Cost of Goods Sold+63.94M87.74M166.94M164.56M186.57M195.78M188.39M
COGS % of Revenue0.56%0.59%0.68%0.65%0.67%0.76%0.74%
Gross Profit+50.01M61.12M78.32M88.23M90.61M63.27M65.98M
Gross Margin %0.44%0.41%0.32%0.35%0.33%0.24%0.26%
Gross Profit Growth %-0.22%0.28%0.13%0.03%-0.3%0.04%
Operating Expenses+103.93M154.33M299.28M268.89M348.74M314.52M262.62M
OpEx % of Revenue0.91%1.04%1.22%1.06%1.26%1.21%1.03%
Selling, General & Admin67.66M100.39M214.87M162.29M210.25M208.69M176.55M
SG&A % of Revenue0.59%0.67%0.88%0.64%0.76%0.81%0.69%
Research & Development36.27M53.94M84.41M106.59M138.49M105.83M86.06M
R&D % of Revenue0.32%0.36%0.34%0.42%0.5%0.41%0.34%
Other Operating Expenses0000000
Operating Income+-53.92M-93.21M-220.96M-180.66M-258.13M-251.25M-196.64M
Operating Margin %-0.47%-0.63%-0.9%-0.71%-0.93%-0.97%-0.77%
Operating Income Growth %--0.73%-1.37%0.18%-0.43%0.03%0.22%
EBITDA+-48.02M-84.74M-209.95M-163.84M-231.35M-219.33M-163.21M
EBITDA Margin %-0.42%-0.57%-0.86%-0.65%-0.83%-0.85%-0.64%
EBITDA Growth %--0.76%-1.48%0.22%-0.41%0.05%0.26%
D&A (Non-Cash Add-back)5.9M8.47M11.01M16.83M26.77M31.92M33.43M
EBIT-52.31M-89.17M-225.8M-179.03M-269.73M-672.72M-206.78M
Net Interest Income+2.79M5.54M1.63M120K6.12M19.42M10.76M
Interest Income2.79M5.54M1.63M120K6.12M19.42M10.76M
Interest Expense0000000
Other Income/Expense1.61M4.04M-7.03M-1.5M-13.88M-424.06M-13.24M
Pretax Income+-52.31M-89.17M-227.99M-182.16M-272.01M-675.31M-209.89M
Pretax Margin %-0.46%-0.6%-0.93%-0.72%-0.98%-2.61%-0.83%
Income Tax+0-803K639K-5.38M64K3.86M2.75M
Effective Tax Rate %1.01%0.98%0.98%0.97%0.99%1%0.99%
Net Income+-52.67M-87.19M-224.43M-176.33M-270.43M-675.16M-208.14M
Net Margin %-0.46%-0.59%-0.92%-0.7%-0.98%-2.61%-0.82%
Net Income Growth %--0.66%-1.57%0.21%-0.53%-1.5%0.69%
Net Income (Continuing)-52.31M-88.37M-228.63M-176.78M-272.07M-679.17M-212.64M
Discontinued Operations0000000
Minority Interest27.43M26.26M22.07M21.62M19.97M15.97M11.47M
EPS (Diluted)+-25.96-42.39-45.32-13.88-19.68-47.50-13.88
EPS Growth %--0.63%-0.07%0.69%-0.42%-1.41%0.71%
EPS (Basic)-25.96-42.39-45.32-13.88-19.68-47.50-13.88
Diluted Shares Outstanding2.03M2.06M4.95M12.7M13.71M14.21M15M
Basic Shares Outstanding2.03M2.06M4.95M12.7M13.71M14.21M15M
Dividend Payout Ratio-------

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+300.17M223.53M1.11B827.3M626.62M449.58M316.99M
Cash & Short-Term Investments256.2M177.63M1.04B746.42M538.55M372.04M228.32M
Cash Only47.98M137.67M941.62M746.42M538.55M372.04M228.32M
Short-Term Investments208.23M39.95M99.96M0000
Accounts Receivable30.78M32.73M45.3M51.38M58.37M54.15M71.89M
Days Sales Outstanding98.5880.2567.4174.1876.8676.29103.15
Inventory2.51M3.1M9.13M7.53M8.74M6.65M2.86M
Days Inventory Outstanding14.3412.9119.9616.717.0912.45.54
Other Current Assets5.87M2.91M3.23M1.7M1.39M16.75M13.93M
Total Non-Current Assets+189.15M276.35M263.36M618.54M590.94M140.12M118.97M
Property, Plant & Equipment3.08M14.61M10.45M18.66M14.52M11.03M7.58M
Fixed Asset Turnover37.03x10.19x23.48x13.55x19.09x23.50x33.56x
Goodwill127.27M193.88M193.88M442.76M435.28M00
Intangible Assets55.39M63.53M55.53M152.41M134.98M120.25M101.54M
Long-Term Investments00752K168K795K1.18M1.5M
Other Non-Current Assets4.5M5.48M1.43M2.52M6.16M7.67M8.36M
Total Assets+489.31M499.88M1.38B1.45B1.22B589.71M435.97M
Asset Turnover0.23x0.30x0.18x0.17x0.23x0.44x0.58x
Asset Growth %-0.02%1.75%0.05%-0.16%-0.52%-0.26%
Total Current Liabilities+87.83M106.58M120.98M141.63M114.06M93.8M111.26M
Accounts Payable4.23M6.5M5.8M12.16M7.24M4.86M5.01M
Days Payables Outstanding24.1227.0612.6726.9614.169.079.72
Short-Term Debt0000003.69M
Deferred Revenue (Current)1000K0001000K1000K1000K
Other Current Liabilities8.3M66.49M66.69M83.84M35.97M12.14M23.34M
Current Ratio3.42x2.10x9.20x5.84x5.49x4.79x2.85x
Quick Ratio3.39x2.07x9.13x5.79x5.42x4.72x2.82x
Cash Conversion Cycle88.866.1174.6963.9279.879.6398.97
Total Non-Current Liabilities+605.89M18.37M9.47M43.34M19.65M15.72M8.46M
Long-Term Debt0000000
Capital Lease Obligations07.16M1.3M14.69M11.79M8.21M4.51M
Deferred Tax Liabilities0000000
Other Non-Current Liabilities576.72M11.21M64K21.59M1.57M1.43M1.17M
Total Liabilities693.72M124.95M130.45M184.96M133.71M109.52M119.72M
Total Debt+013.4M7.65M16.61M14.84M11.79M8.2M
Net Debt-47.98M-124.28M-933.96M-729.8M-523.7M-360.25M-220.12M
Debt / Equity-0.04x0.01x0.01x0.01x0.02x0.03x
Debt / EBITDA-------
Net Debt / EBITDA-------
Interest Coverage-------
Total Equity+371.3M374.94M1.25B1.26B1.08B480.19M316.24M
Equity Growth %-0.01%2.32%0.01%-0.14%-0.56%-0.34%
Book Value per Share182.98182.28251.6499.2579.0433.7921.08
Total Shareholders' Equity343.87M348.68M1.22B1.24B1.06B464.22M304.77M
Common Stock49K423K2.36M2.62M2.77M2.88M156K
Retained Earnings-270.74M-357.93M-582.36M-811.28M-1.08B-1.76B-1.97B
Treasury Stock0-158K-37.57M0000
Accumulated OCI1.35M250K297K-6.35M-16.97M-15.65M-15.84M
Minority Interest27.43M26.26M22.07M21.62M19.97M15.97M11.47M

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-74.01M-81.89M-112.46M-141.54M-192.32M-148.34M-127.34M
Operating CF Margin %-0.65%-0.55%-0.46%-0.56%-0.69%-0.57%-0.5%
Operating CF Growth %--0.11%-0.37%-0.26%-0.36%0.23%0.14%
Net Income-52.31M-88.37M-228.63M-176.78M-272.07M-675.16M-208.14M
Depreciation & Amortization5.33M7.76M10.15M16.09M26.17M31.92M33.43M
Stock-Based Compensation7.67M12.13M118.36M43.81M67.67M72.25M0
Deferred Taxes884K-1.39M3.83M-6.25M-2.52M-242K-243K
Other Non-Cash Items1.19M2.49M2.26M9.31M16.53M438.4M57.59M
Working Capital Changes-36.77M-14.52M-18.45M-27.71M-28.1M-15.51M-9.98M
Change in Receivables-19.47M803K-14.21M-512K-8.14M3.25M-25.01M
Change in Inventory1.57M-592K-6.02M1.6M-1.21M2.08M1.9M
Change in Payables-787K1.16M-707K5.55M-4.78M-2.36M159K
Cash from Investing+-245.93M120M-66.76M-59.63M-11.63M-19.17M-18.65M
Capital Expenditures-1.91M-1.34M-3.32M-559K-10.45M-292K0
CapEx % of Revenue0.02%0.01%0.01%0%0.04%0%0.06%
Acquisitions-------
Investments-------
Other Investing000-2.55M0-18.88M-18.65M
Cash from Financing+278.18M46.64M983.12M5.75M-3.61M2.15M1.38M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing635K1.04M2.64M20.79M-3.25M2.73M1.38M
Net Change in Cash-------
Free Cash Flow+-75.92M-83.23M-115.78M-142.1M-202.77M-163.59M-142.56M
FCF Margin %-0.67%-0.56%-0.47%-0.56%-0.73%-0.63%-0.56%
FCF Growth %--0.1%-0.39%-0.23%-0.43%0.19%0.13%
FCF per Share-37.41-40.46-23.38-11.19-14.79-11.51-9.50
FCF Conversion (FCF/Net Income)1.40x0.94x0.50x0.80x0.71x0.22x0.61x
Interest Paid0000000
Taxes Paid0193K713K1.59M1.72M5M4.11M

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)-14.19%-23.37%-27.69%-14.07%-23.07%-86.34%-52.27%
Return on Invested Capital (ROIC)--24.36%-58.88%-32.13%-35.48%-55.42%-136.52%
Gross Margin43.89%41.06%31.93%34.9%32.69%24.42%25.94%
Net Margin-46.22%-58.57%-91.51%-69.76%-97.56%-260.63%-81.83%
Debt / Equity-0.04x0.01x0.01x0.01x0.02x0.03x
FCF Conversion1.40x0.94x0.50x0.80x0.71x0.22x0.61x
Revenue Growth-30.63%64.77%3.07%9.65%-6.55%-1.81%

Revenue by Segment

20202021202220232024
Visits117.18M116.62M124.35M119.48M116.46M
Visits Growth--0.48%6.63%-3.91%-2.54%
Platform Subscription98.36M108.25M120.92M112.36M115.54M
Platform Subscription Growth-10.06%11.70%-7.08%2.83%
Others29.72M27.92M31.92M27.2M22.36M
Others Growth--6.07%14.34%-14.79%-17.78%

Frequently Asked Questions

Growth & Financials

American Well Corporation (AMWL) reported $265.0M in revenue for fiscal year 2024. This represents a 133% increase from $114.0M in 2018.

American Well Corporation (AMWL) saw revenue decline by 1.8% over the past year.

American Well Corporation (AMWL) reported a net loss of $113.4M for fiscal year 2024.

Dividend & Returns

American Well Corporation (AMWL) has a return on equity (ROE) of -52.3%. Negative ROE indicates the company is unprofitable.

American Well Corporation (AMWL) had negative free cash flow of $64.5M in fiscal year 2024, likely due to heavy capital investments.

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