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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

American Well (AMWL) Gross Margin (2019 - 2026)

American Well has reported Gross Margin over the past 7 years, most recently at 83.56% for Q4 2025.

  • For Q4 2025, Gross Margin rose 11669.0% year-over-year to 83.56%; the TTM value through Dec 2025 reached 67.93%, up 3751.0%, while the annual FY2025 figure was 82.65%, 4375.0% up from the prior year.
  • Gross Margin for Q4 2025 was 83.56% at American Well, up from 52.42% in the prior quarter.
  • Over five years, Gross Margin peaked at 143.85% in Q4 2023 and troughed at 42.38% in Q4 2021.
  • A 5-year average of 51.14% and a median of 60.64% in 2023 define the central range for Gross Margin.
  • Biggest five-year swings in Gross Margin: plummeted -24808bps in 2021 and later skyrocketed 17265bps in 2023.
  • Year by year, Gross Margin stood at 42.38% in 2021, then skyrocketed by 32bps to 28.8% in 2022, then surged by 599bps to 143.85% in 2023, then tumbled by -123bps to 33.13% in 2024, then skyrocketed by 352bps to 83.56% in 2025.
  • Business Quant data shows Gross Margin for AMWL at 83.56% in Q4 2025, 52.42% in Q3 2025, and 82.34% in Q2 2025.