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Side-by-side financial comparison of Amentum Holdings, Inc. (AMTM) and American Well Corp (AMWL). Click either name above to swap in a different company.

Amentum Holdings, Inc. is the larger business by last-quarter revenue ($3.2B vs $55.3M, roughly 58.5× American Well Corp). Amentum Holdings, Inc. runs the higher net margin — 1.4% vs -45.1%, a 46.4% gap on every dollar of revenue. On growth, Amentum Holdings, Inc. posted the faster year-over-year revenue change (-5.2% vs -22.1%). American Well Corp produced more free cash flow last quarter ($-17.4M vs $-142.0M). Over the past eight quarters, Amentum Holdings, Inc.'s revenue compounded faster (25.6% CAGR vs -3.6%).

Jacobs Solutions Inc. is an American international technical professional services firm based in Dallas. The company provides engineering, technical, professional, and construction services as well as scientific and specialty consulting for a broad range of clients globally, including companies, organizations, and government agencies. Jacobs has consistently ranked No. 1 on both Engineering News-Record (ENR)'s 2018, 2019, 2020, 2021, 2022, and 2023 Top 500 Design Firms and Trenchless Technolo...

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 ...

AMTM vs AMWL — Head-to-Head

Bigger by revenue
AMTM
AMTM
58.5× larger
AMTM
$3.2B
$55.3M
AMWL
Growing faster (revenue YoY)
AMTM
AMTM
+16.9% gap
AMTM
-5.2%
-22.1%
AMWL
Higher net margin
AMTM
AMTM
46.4% more per $
AMTM
1.4%
-45.1%
AMWL
More free cash flow
AMWL
AMWL
$124.6M more FCF
AMWL
$-17.4M
$-142.0M
AMTM
Faster 2-yr revenue CAGR
AMTM
AMTM
Annualised
AMTM
25.6%
-3.6%
AMWL

Income Statement — Q1 2026 vs Q4 2025

Metric
AMTM
AMTM
AMWL
AMWL
Revenue
$3.2B
$55.3M
Net Profit
$44.0M
$-24.9M
Gross Margin
10.1%
Operating Margin
4.3%
-45.5%
Net Margin
1.4%
-45.1%
Revenue YoY
-5.2%
-22.1%
Net Profit YoY
266.7%
41.6%
EPS (diluted)
$0.18
$-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
AMTM
AMTM
AMWL
AMWL
Q1 26
$3.2B
Q4 25
$3.9B
$55.3M
Q3 25
$56.3M
Q2 25
$3.6B
$70.9M
Q1 25
$3.5B
$66.8M
Q4 24
$3.4B
$71.0M
Q3 24
$2.2B
$61.0M
Q2 24
$2.1B
$62.8M
Net Profit
AMTM
AMTM
AMWL
AMWL
Q1 26
$44.0M
Q4 25
$40.0M
$-24.9M
Q3 25
$-32.4M
Q2 25
$10.0M
$-19.7M
Q1 25
$4.0M
$-18.7M
Q4 24
$12.0M
$-42.7M
Q3 24
$26.0M
$-43.5M
Q2 24
$-26.0M
$-49.9M
Gross Margin
AMTM
AMTM
AMWL
AMWL
Q1 26
10.1%
Q4 25
10.6%
Q3 25
Q2 25
10.3%
Q1 25
10.5%
Q4 24
10.6%
Q3 24
9.0%
Q2 24
9.6%
Operating Margin
AMTM
AMTM
AMWL
AMWL
Q1 26
4.3%
Q4 25
3.4%
-45.5%
Q3 25
-52.1%
Q2 25
2.9%
-28.7%
Q1 25
3.2%
-45.5%
Q4 24
3.9%
-60.2%
Q3 24
1.2%
-77.6%
Q2 24
4.2%
-83.4%
Net Margin
AMTM
AMTM
AMWL
AMWL
Q1 26
1.4%
Q4 25
1.0%
-45.1%
Q3 25
-57.5%
Q2 25
0.3%
-27.8%
Q1 25
0.1%
-28.0%
Q4 24
0.4%
-60.1%
Q3 24
1.2%
-71.2%
Q2 24
-1.2%
-79.5%
EPS (diluted)
AMTM
AMTM
AMWL
AMWL
Q1 26
$0.18
Q4 25
$0.16
$-1.53
Q3 25
$-2.00
Q2 25
$0.04
$-1.24
Q1 25
$0.02
$-1.19
Q4 24
$0.05
$-2.71
Q3 24
$0.31
$-2.87
Q2 24
$-0.29
$-3.36

Balance Sheet & Financial Strength

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

Metric
AMTM
AMTM
AMWL
AMWL
Cash + ST InvestmentsLiquidity on hand
$247.0M
$182.3M
Total DebtLower is stronger
$3.9B
Stockholders' EquityBook value
$4.6B
$235.6M
Total Assets
$11.2B
$323.8M
Debt / EquityLower = less leverage
0.86×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMTM
AMTM
AMWL
AMWL
Q1 26
$247.0M
Q4 25
$437.0M
$182.3M
Q3 25
$200.9M
Q2 25
$738.0M
$219.1M
Q1 25
$546.0M
$222.4M
Q4 24
$522.0M
$228.3M
Q3 24
$452.0M
$244.6M
Q2 24
$276.9M
Total Debt
AMTM
AMTM
AMWL
AMWL
Q1 26
$3.9B
Q4 25
$3.9B
Q3 25
Q2 25
$4.5B
Q1 25
$4.7B
Q4 24
$4.7B
Q3 24
$4.7B
Q2 24
Stockholders' Equity
AMTM
AMTM
AMWL
AMWL
Q1 26
$4.6B
Q4 25
$4.5B
$235.6M
Q3 25
$254.9M
Q2 25
$4.5B
$282.6M
Q1 25
$4.4B
$294.0M
Q4 24
$4.5B
$304.8M
Q3 24
$4.5B
$336.7M
Q2 24
$303.0M
$363.9M
Total Assets
AMTM
AMTM
AMWL
AMWL
Q1 26
$11.2B
Q4 25
$11.5B
$323.8M
Q3 25
$359.4M
Q2 25
$11.8B
$388.7M
Q1 25
$12.0B
$419.5M
Q4 24
$11.9B
$436.0M
Q3 24
$12.0B
$483.0M
Q2 24
$507.8M
Debt / Equity
AMTM
AMTM
AMWL
AMWL
Q1 26
0.86×
Q4 25
0.88×
Q3 25
Q2 25
1.01×
Q1 25
1.06×
Q4 24
1.05×
Q3 24
1.05×
Q2 24

Cash Flow & Capital Efficiency

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

Metric
AMTM
AMTM
AMWL
AMWL
Operating Cash FlowLast quarter
$-136.0M
$-17.4M
Free Cash FlowOCF − Capex
$-142.0M
$-17.4M
FCF MarginFCF / Revenue
-4.4%
-31.4%
Capex IntensityCapex / Revenue
0.2%
0.0%
Cash ConversionOCF / Net Profit
-3.09×
TTM Free Cash FlowTrailing 4 quarters
$272.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMTM
AMTM
AMWL
AMWL
Q1 26
$-136.0M
Q4 25
$270.0M
$-17.4M
Q3 25
$-18.8M
Q2 25
$106.0M
$-4.7M
Q1 25
$57.0M
$-25.1M
Q4 24
$110.0M
$-13.4M
Q3 24
$-32.4M
Q2 24
$-21.8M
Free Cash Flow
AMTM
AMTM
AMWL
AMWL
Q1 26
$-142.0M
Q4 25
$261.0M
$-17.4M
Q3 25
Q2 25
$100.0M
Q1 25
$53.0M
$-25.1M
Q4 24
$102.0M
$-13.4M
Q3 24
$-32.4M
Q2 24
$-21.8M
FCF Margin
AMTM
AMTM
AMWL
AMWL
Q1 26
-4.4%
Q4 25
6.6%
-31.4%
Q3 25
Q2 25
2.8%
Q1 25
1.5%
-37.6%
Q4 24
3.0%
-18.9%
Q3 24
-53.0%
Q2 24
-34.7%
Capex Intensity
AMTM
AMTM
AMWL
AMWL
Q1 26
0.2%
Q4 25
0.2%
0.0%
Q3 25
0.0%
Q2 25
0.2%
0.0%
Q1 25
0.1%
0.0%
Q4 24
0.2%
0.0%
Q3 24
0.0%
Q2 24
0.0%
Cash Conversion
AMTM
AMTM
AMWL
AMWL
Q1 26
-3.09×
Q4 25
6.75×
Q3 25
Q2 25
10.60×
Q1 25
14.25×
Q4 24
9.17×
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMTM
AMTM

Global Engineering Solutions Segment$1.9B59%
Other U.S.Government Agencies$400.0M12%
Fixed Price Contract$380.0M12%
Commercial And International$226.0M7%
Time And Materials Contract$171.0M5%
Sales Channel Through Intermediary$78.0M2%
Equity Method Investee$50.0M2%

AMWL
AMWL

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

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