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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 - 2025)

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

  • Quarterly results put Gross Margin at 83.56% for Q4 2025, up 11669.0% from a year ago — trailing twelve months through Dec 2025 was 67.93% (up 3751.0% YoY), and the annual figure for FY2025 was 82.65%, up 4375.0%.
  • Gross Margin for Q4 2025 was 83.56% at American Well, up from 52.42% in the prior quarter.
  • Over the last five years, Gross Margin for AMWL hit a ceiling of 143.85% in Q4 2023 and a floor of 42.38% in Q4 2021.
  • Median Gross Margin over the past 5 years was 60.64% (2023), compared with a mean of 51.14%.
  • Biggest five-year swings in Gross Margin: crashed -24808bps in 2021 and later soared 17265bps in 2023.
  • American Well's Gross Margin stood at 42.38% in 2021, then soared by 32bps to 28.8% in 2022, then skyrocketed by 599bps to 143.85% in 2023, then plummeted by -123bps to 33.13% in 2024, then soared by 352bps to 83.56% in 2025.
  • The last three reported values for Gross Margin were 83.56% (Q4 2025), 52.42% (Q3 2025), and 82.34% (Q2 2025) per Business Quant data.