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Side-by-side financial comparison of ACV Auctions Inc. (ACVA) and American Well Corp (AMWL). Click either name above to swap in a different company.

ACV Auctions Inc. is the larger business by last-quarter revenue ($183.6M vs $55.3M, roughly 3.3× American Well Corp). On growth, ACV Auctions Inc. posted the faster year-over-year revenue change (15.1% vs -22.1%). ACV Auctions Inc. produced more free cash flow last quarter ($-14.7M vs $-17.4M). Over the past eight quarters, ACV Auctions Inc.'s revenue compounded faster (12.3% CAGR vs -3.6%).

ACV Auctions Inc. operates a leading digital wholesale vehicle auction platform serving automotive dealers across the U.S. and Canada. It offers end-to-end services including transparent vehicle inspections, secure payment processing, and logistics support, enabling efficient trading of used vehicles between registered wholesale buyers and sellers.

The American Tobacco Company was a tobacco company founded in 1890 by J. B. Duke through a merger between a number of U.S. tobacco manufacturers including Allen and Ginter, Goodwin & Company, and Kinney Brothers. The company was one of the original 12 members of the Dow Jones Industrial Average in 1896. The American Tobacco Company dominated the industry by acquiring the Lucky Strike Company and over 200 other rival firms. Federal Antitrust action begun in 1907 broke the company into several ...

ACVA vs AMWL — Head-to-Head

Bigger by revenue
ACVA
ACVA
3.3× larger
ACVA
$183.6M
$55.3M
AMWL
Growing faster (revenue YoY)
ACVA
ACVA
+37.2% gap
ACVA
15.1%
-22.1%
AMWL
More free cash flow
ACVA
ACVA
$2.7M more FCF
ACVA
$-14.7M
$-17.4M
AMWL
Faster 2-yr revenue CAGR
ACVA
ACVA
Annualised
ACVA
12.3%
-3.6%
AMWL

Income Statement — Q4 2025 vs Q4 2025

Metric
ACVA
ACVA
AMWL
AMWL
Revenue
$183.6M
$55.3M
Net Profit
$-24.9M
Gross Margin
Operating Margin
-9.7%
-45.5%
Net Margin
-45.1%
Revenue YoY
15.1%
-22.1%
Net Profit YoY
41.6%
EPS (diluted)
$-0.12
$-1.53

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACVA
ACVA
AMWL
AMWL
Q4 25
$183.6M
$55.3M
Q3 25
$199.6M
$56.3M
Q2 25
$193.7M
$70.9M
Q1 25
$182.7M
$66.8M
Q4 24
$159.5M
$71.0M
Q3 24
$171.3M
$61.0M
Q2 24
$160.6M
$62.8M
Q1 24
$145.7M
$59.5M
Net Profit
ACVA
ACVA
AMWL
AMWL
Q4 25
$-24.9M
Q3 25
$-24.5M
$-32.4M
Q2 25
$-7.3M
$-19.7M
Q1 25
$-14.8M
$-18.7M
Q4 24
$-42.7M
Q3 24
$-16.0M
$-43.5M
Q2 24
$-17.1M
$-49.9M
Q1 24
$-20.5M
$-72.1M
Operating Margin
ACVA
ACVA
AMWL
AMWL
Q4 25
-9.7%
-45.5%
Q3 25
-11.9%
-52.1%
Q2 25
-3.7%
-28.7%
Q1 25
-7.9%
-45.5%
Q4 24
-16.2%
-60.2%
Q3 24
-10.0%
-77.6%
Q2 24
-11.6%
-83.4%
Q1 24
-15.5%
-126.1%
Net Margin
ACVA
ACVA
AMWL
AMWL
Q4 25
-45.1%
Q3 25
-12.3%
-57.5%
Q2 25
-3.8%
-27.8%
Q1 25
-8.1%
-28.0%
Q4 24
-60.1%
Q3 24
-9.4%
-71.2%
Q2 24
-10.6%
-79.5%
Q1 24
-14.1%
-121.1%
EPS (diluted)
ACVA
ACVA
AMWL
AMWL
Q4 25
$-0.12
$-1.53
Q3 25
$-0.14
$-2.00
Q2 25
$-0.04
$-1.24
Q1 25
$-0.09
$-1.19
Q4 24
$-0.15
$-2.71
Q3 24
$-0.10
$-2.87
Q2 24
$-0.10
$-3.36
Q1 24
$-0.13
$-4.94

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACVA
ACVA
AMWL
AMWL
Cash + ST InvestmentsLiquidity on hand
$271.5M
$182.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$429.7M
$235.6M
Total Assets
$1.1B
$323.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACVA
ACVA
AMWL
AMWL
Q4 25
$271.5M
$182.3M
Q3 25
$265.3M
$200.9M
Q2 25
$258.4M
$219.1M
Q1 25
$291.9M
$222.4M
Q4 24
$224.1M
$228.3M
Q3 24
$252.5M
$244.6M
Q2 24
$215.0M
$276.9M
Q1 24
$209.8M
$308.6M
Stockholders' Equity
ACVA
ACVA
AMWL
AMWL
Q4 25
$429.7M
$235.6M
Q3 25
$434.4M
$254.9M
Q2 25
$448.8M
$282.6M
Q1 25
$439.6M
$294.0M
Q4 24
$440.0M
$304.8M
Q3 24
$456.2M
$336.7M
Q2 24
$457.6M
$363.9M
Q1 24
$458.3M
$408.7M
Total Assets
ACVA
ACVA
AMWL
AMWL
Q4 25
$1.1B
$323.8M
Q3 25
$1.2B
$359.4M
Q2 25
$1.1B
$388.7M
Q1 25
$1.2B
$419.5M
Q4 24
$984.1M
$436.0M
Q3 24
$1.0B
$483.0M
Q2 24
$1.0B
$507.8M
Q1 24
$1.0B
$548.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACVA
ACVA
AMWL
AMWL
Operating Cash FlowLast quarter
$-12.4M
$-17.4M
Free Cash FlowOCF − Capex
$-14.7M
$-17.4M
FCF MarginFCF / Revenue
-8.0%
-31.4%
Capex IntensityCapex / Revenue
1.2%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$69.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACVA
ACVA
AMWL
AMWL
Q4 25
$-12.4M
$-17.4M
Q3 25
$10.3M
$-18.8M
Q2 25
$13.7M
$-4.7M
Q1 25
$66.6M
$-25.1M
Q4 24
$-3.2M
$-13.4M
Q3 24
$21.1M
$-32.4M
Q2 24
$4.5M
$-21.8M
Q1 24
$43.0M
$-59.8M
Free Cash Flow
ACVA
ACVA
AMWL
AMWL
Q4 25
$-14.7M
$-17.4M
Q3 25
$7.7M
Q2 25
$10.9M
Q1 25
$65.3M
$-25.1M
Q4 24
$-3.9M
$-13.4M
Q3 24
$20.2M
$-32.4M
Q2 24
$2.7M
$-21.8M
Q1 24
$41.9M
$-59.8M
FCF Margin
ACVA
ACVA
AMWL
AMWL
Q4 25
-8.0%
-31.4%
Q3 25
3.8%
Q2 25
5.6%
Q1 25
35.7%
-37.6%
Q4 24
-2.5%
-18.9%
Q3 24
11.8%
-53.0%
Q2 24
1.7%
-34.7%
Q1 24
28.8%
-100.5%
Capex Intensity
ACVA
ACVA
AMWL
AMWL
Q4 25
1.2%
0.0%
Q3 25
1.3%
0.0%
Q2 25
1.5%
0.0%
Q1 25
0.7%
0.0%
Q4 24
0.4%
0.0%
Q3 24
0.6%
0.0%
Q2 24
1.1%
0.0%
Q1 24
0.7%
0.1%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACVA
ACVA

Auction Marketplace Revenue$77.6M42%
Other Marketplace Revenue$72.4M39%
Customer Assurance$24.1M13%
Data Services Revenue$9.4M5%

AMWL
AMWL

Platform Subscription$28.8M52%
Visits$23.7M43%
Others$2.8M5%

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