American Well (AMWL) FCF Margin (2019 - 2026)
American Well's (AMWL) quarterly FCF Margin came in at 1.8% in Q1 2026, up 3578.0% year-on-year from 0.05% in Q1 2025, and up 94.27% quarter-over-quarter from 31.4% in Q4 2025.
American Well (AMWL) FCF Margin (2019 - 2026) Analysis & Trends
American Well's FCF Margin history runs 8 years deep, the most recent figure standing at 1.8% for Q1 2026.
- On a quarterly basis, FCF Margin rose 3578.0% year-over-year to 1.8% in Q1 2026; TTM through Mar 2026 was 17.63%, a 1781.0% increase from a year earlier, with the FY2025 full-year figure at 26.46%, up 2365.0% from the prior year.
- FCF Margin rose to 1.8% in Q1 2026 per AMWL's latest filing, from 31.4% in the prior quarter.
- Across five years, FCF Margin topped out at 1.8% in Q1 2026 and bottomed at 100.52% in Q1 2024.
- The 5-year median for FCF Margin is 47.28% (2024), against an average of 49.71%.
- Across the five-year window, FCF Margin slumped 4443 bps in 2024 and jumped 6294 bps in 2025, its largest moves.
- Year by year, FCF Margin stood at 58.18% in 2022, then soared by 32 bps to 39.52% in 2023, then jumped by 52 bps to 18.93% in 2024, then slumped by 66 bps to 31.4% in 2025, then jumped by 94 bps to 1.8% in 2026.
- Per Business Quant, the three latest AMWL FCF Margin figures stand at 1.8% (Q1 2026), 31.4% (Q4 2025), and 33.34% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 29.34 Bn | 22.03 Bn | 662.02 Mn | 127.46% |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | 2.81% |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 23.01% |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | 17.24% |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 23.59% |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | -27.00% |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 22.17% |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 79.91% |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | -8.03% |
| 10 | American Well | 180.58 Mn | 13.37 Mn | 27.96 Mn | -1.80% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.80% |
| Dec 31, 2025 | -31.40% |
| Sep 30, 2025 | -33.34% |
| Jun 30, 2025 | -6.66% |
| Mar 31, 2025 | -37.58% |
| Dec 31, 2024 | -18.93% |
| Sep 30, 2024 | -40.13% |
| Jun 30, 2024 | -47.28% |
| Mar 31, 2024 | -100.52% |
| Dec 31, 2023 | -39.52% |
| Sep 30, 2023 | -61.35% |
| Jun 30, 2023 | -74.80% |
| Mar 31, 2023 | -56.09% |
| Dec 31, 2022 | -58.18% |
| Sep 30, 2022 | -73.58% |
| Jun 30, 2022 | -66.96% |
| Mar 31, 2022 | -96.93% |
| Dec 31, 2021 | -62.21% |
| Sep 30, 2021 | -46.87% |
| Jun 30, 2021 | -43.82% |