American Well reported a gross margin of 52.95% and a net margin of -18.49% for the quarter ended Jun 2026. These financial ratios cover 28 quarters of results from Sep 2019 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Sep2019 | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||||||||||||||||||||
| Gross Margin | 43.45% | 39.94% | 42.76% | 43.43% | 40.03% | 42.38% | 39.45% | 38.76% | 34.66% | 33.74% | 30.86% | 37.42% | 37.18% | 48.44% | 52.76% | 56.07% | 52.42% | 51.23% | 50.95% | 52.95% | ||||||||
| EBT Margin | -89.73% | -64.89% | -109.56% | -106.39% | -100.98% | -76.77% | -619.34% | -147.60% | -218.63% | -69.02% | -119.70% | -79.17% | -71.24% | -59.62% | -25.45% | -27.55% | -54.53% | -46.28% | -18.37% | -19.55% | ||||||||
| EBIT Margin | -89.11% | -65.19% | -109.73% | -107.58% | -102.77% | -81.84% | -620.81% | -151.34% | -231.52% | -80.58% | -126.06% | -83.41% | -77.60% | -60.21% | -45.50% | -28.74% | -52.11% | -45.48% | -31.75% | -18.36% | ||||||||
| EBITDA Margin | -89.11% | -65.19% | -109.73% | -107.58% | -102.77% | -81.84% | -620.81% | -151.34% | -231.52% | -80.58% | -126.06% | -83.41% | -77.60% | -60.21% | -45.50% | -28.74% | -52.11% | -45.48% | -31.75% | -18.36% | ||||||||
| Operating Margin | -89.11% | -65.19% | -109.73% | -107.58% | -102.77% | -81.84% | -620.81% | -151.34% | -231.52% | -80.58% | -126.06% | -83.41% | -77.60% | -60.21% | -45.50% | -28.74% | -52.11% | -45.48% | -31.75% | -18.36% | ||||||||
| Net Margin | -80.96% | -64.43% | -109.05% | -107.11% | -101.12% | -80.63% | -621.64% | -148.75% | -220.45% | -70.02% | -121.84% | -79.32% | -70.99% | -62.12% | -10.27% | -26.53% | -60.25% | -8.62% | -5.97% | -18.49% | ||||||||
| FCF Margin | -47.01% | -62.09% | -96.93% | -66.96% | -73.58% | -58.18% | -56.09% | -74.80% | -61.35% | -60.55% | -105.13% | -42.92% | -60.73% | -22.32% | -37.58% | -6.66% | -33.34% | -31.40% | -6.86% | 15.12% | ||||||||
| Efficiency | ||||||||||||||||||||||||||||
| Inventory AverageInventory Avg. | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | ||||||||
| Assets AverageAssets Avg. | 1.39B | 1.47B | 1.40B | 1.33B | 1.27B | 1.22B | 1.03B | 0.81B | 0.70B | 0.61B | 0.57B | 0.53B | 0.50B | 0.46B | 0.43B | 0.40B | 0.37B | 0.34B | 0.32B | 0.33B | ||||||||
| Invested CapitalInvested Cap. | 1.31B | 1.22B | ||||||||||||||||||||||||||
| Asset Utilization RatioAsset Util. | 0.17 | 0.17 | 0.18 | 0.20 | 0.21 | 0.23 | 0.27 | 0.34 | 0.38 | 0.42 | 0.45 | 0.48 | 0.51 | 0.55 | 0.61 | 0.67 | 0.71 | 0.73 | 0.73 | 0.67 | ||||||||
| Leverage & Solvency | ||||||||||||||||||||||||||||
| Debt Ratio | 0.01 | 0.01 | ||||||||||||||||||||||||||
| Valuation | ||||||||||||||||||||||||||||
| Price to EarningsP/E | -93.80 | -33.75 | -15.97 | -17.09 | -14.12 | -12.28 | -1.67 | -6.42 | -2.46 | -8.69 | -3.31 | -1.95 | -3.34 | -2.56 | -18.12 | -7.60 | -2.96 | -16.93 | -26.76 | -16.04 | ||||||||
| Price to SalesP/S | 75.95 | 21.74 | 17.41 | 18.30 | 14.28 | 9.90 | 10.35 | 9.55 | 5.42 | 6.08 | 4.03 | 1.55 | 2.37 | 1.59 | 1.86 | 2.02 | 1.78 | 1.46 | 1.60 | 2.97 | ||||||||
| Price to BookP/B | 3.64 | 1.25 | 0.93 | 1.02 | 0.89 | 0.72 | 0.93 | 0.93 | 0.65 | 0.90 | 0.57 | 0.26 | 0.41 | 0.36 | 0.41 | 0.49 | 0.38 | 0.33 | 0.36 | 0.66 | ||||||||
| Enterprise Value | 3.96B | 0.86B | 0.47B | 0.57B | 0.43B | 0.27B | 0.17B | 0.16B | -0.06B | 0.07B | -0.05B | -0.17B | -0.09B | -0.10B | -0.09B | -0.06B | -0.09B | -0.09B | -0.08B | -0.03B | ||||||||
| EV to EBIT | -71.36 | -18.07 | -6.60 | -8.24 | -6.00 | -4.10 | -0.44 | -1.65 | 0.45 | -1.30 | 0.72 | 3.16 | 1.82 | 2.43 | 2.83 | 3.14 | 3.00 | 3.56 | 4.57 | 3.07 | ||||||||
| EV to EBITDA | -71.36 | -18.07 | -6.60 | -8.24 | -6.00 | -4.10 | -0.44 | -1.65 | 0.45 | -1.30 | 0.72 | 3.16 | 1.82 | 2.43 | 2.83 | 3.14 | 3.00 | 3.56 | 4.57 | 3.07 | ||||||||
| Market Capitalization | 4.73B | 1.58B | 1.12B | 1.18B | 0.99B | 0.78B | 0.66B | 0.60B | 0.34B | 0.43B | 0.24B | 0.10B | 0.14B | 0.11B | 0.12B | 0.14B | 0.10B | 0.08B | 0.09B | 0.15B | ||||||||
| Price to FCFP/FCF | -161.54 | -35.02 | -17.97 | -27.34 | -19.41 | -17.01 | -18.45 | -12.77 | -8.84 | -10.04 | -3.84 | -3.61 | -3.91 | -7.12 | -4.95 | -30.28 | -5.35 | -4.65 | -23.28 | 19.62 | ||||||||
| EV to FCF | -135.27 | -18.97 | -7.47 | -13.23 | -8.38 | -5.76 | -4.86 | -3.34 | 1.71 | -1.72 | 0.86 | 6.15 | 2.33 | 6.56 | 3.43 | 13.56 | 4.69 | 5.15 | 21.14 | -3.72 | ||||||||
| EV to CFO | -135.40 | -19.07 | -7.48 | -13.23 | -8.38 | -7.39 | -5.98 | -3.93 | 1.71 | -1.77 | 0.90 | 7.60 | 2.67 | 7.74 | 3.43 | 13.56 | 4.69 | 5.15 | 80.96 | -2.73 | ||||||||
| Return Ratios | ||||||||||||||||||||||||||||
| Return on Sales [ROS]ROS | -89.11% | -65.19% | -109.73% | -107.58% | -102.77% | -81.84% | -620.81% | -151.34% | -231.52% | -80.58% | -126.06% | -83.41% | -77.60% | -60.21% | -45.50% | -28.74% | -52.11% | -45.48% | -31.75% | -18.36% | ||||||||
| Return on Capital Employed [ROCE]ROCE | -14.37% | -13.54% | -16.54% | -20.00% | -22.28% | -24.84% | -65.62% | -89.55% | -115.72% | -133.48% | -80.29% | -79.89% | -62.09% | -62.47% | -53.87% | -44.57% | -42.73% | -39.22% | -38.28% | -34.62% | ||||||||
| Return on Assets [ROA]ROA | -12.71% | -11.85% | -14.58% | -17.77% | -20.23% | -22.29% | -58.10% | -76.99% | -98.23% | -110.51% | -61.75% | -58.38% | -43.43% | -45.66% | -33.70% | -28.00% | -27.72% | -18.84% | -18.70% | -15.79% |