American Well vs Definitive Healthcare
American Well and Definitive Healthcare are similar in size: $249m and $242m of revenue in their latest fiscal years. American Well grew faster (-2.0% against -4.2%). American Well kept more of each dollar of sales as profit: a net margin of -38.4% against -57.5%.
| Latest fiscal year | American WellAMWL, 2025 | Definitive HealthcareDH, 2025 |
|---|---|---|
| Revenue | $249m | $242m |
| Revenue growth | -2.0% | -4.2% |
| Net income | −$95.7m | −$139m |
| Operating margin | — | -92.9% |
| Net margin | -38.4% | -57.5% |
| Return on equity | -35.4% | -28.2% |
| Free cash flow | −$66.0m | $37.1m |
| Cash | $182m | $164m |
| Total debt | $0 | $166m |
| Debt to equity | — | 43.9% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $4,000 | $49.5m |
| Employees | 562 | — |
| Market value | $215m | $125m |
| Price vs our value range | — | Below our value range |
| Moat score | 12 (Weak) | 58 (Moderate) |
| Insider trades, 12 months | 1 buys, 29 sales | 0 buys, 0 sales |