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

CLPS Inc is the larger business by last-quarter revenue ($82.8M vs $55.3M, roughly 1.5× American Well Corp). CLPS Inc runs the higher net margin — 0.2% vs -45.1%, a 45.3% gap on every dollar of revenue.

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 ...

CLPS Inc is a global information technology, consulting and digital solutions provider primarily serving the financial services sector, including banking, insurance and asset management clients. It also offers tailored tech solutions for retail, healthcare and e-commerce segments, with operating footprints across North America, Asia Pacific and Europe.

AMWL vs CLPS — Head-to-Head

Bigger by revenue
CLPS
CLPS
1.5× larger
CLPS
$82.8M
$55.3M
AMWL
Higher net margin
CLPS
CLPS
45.3% more per $
CLPS
0.2%
-45.1%
AMWL

Income Statement — Q4 FY2025 vs Q4 FY2026

Metric
AMWL
AMWL
CLPS
CLPS
Revenue
$55.3M
$82.8M
Net Profit
$-24.9M
$183.0K
Gross Margin
23.1%
Operating Margin
-45.5%
0.2%
Net Margin
-45.1%
0.2%
Revenue YoY
-22.1%
Net Profit YoY
41.6%
EPS (diluted)
$-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
AMWL
AMWL
CLPS
CLPS
Q2 26
$82.8M
Q4 25
$55.3M
Q3 25
$56.3M
Q2 25
$70.9M
Q1 25
$66.8M
Q4 24
$71.0M
$71.8M
Q3 24
$61.0M
Q2 24
$62.8M
Net Profit
AMWL
AMWL
CLPS
CLPS
Q2 26
$183.0K
Q4 25
$-24.9M
Q3 25
$-32.4M
Q2 25
$-19.7M
Q1 25
$-18.7M
Q4 24
$-42.7M
$-993.5K
Q3 24
$-43.5M
Q2 24
$-49.9M
Gross Margin
AMWL
AMWL
CLPS
CLPS
Q2 26
23.1%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
21.9%
Q3 24
Q2 24
Operating Margin
AMWL
AMWL
CLPS
CLPS
Q2 26
0.2%
Q4 25
-45.5%
Q3 25
-52.1%
Q2 25
-28.7%
Q1 25
-45.5%
Q4 24
-60.2%
-1.3%
Q3 24
-77.6%
Q2 24
-83.4%
Net Margin
AMWL
AMWL
CLPS
CLPS
Q2 26
0.2%
Q4 25
-45.1%
Q3 25
-57.5%
Q2 25
-27.8%
Q1 25
-28.0%
Q4 24
-60.1%
-1.4%
Q3 24
-71.2%
Q2 24
-79.5%
EPS (diluted)
AMWL
AMWL
CLPS
CLPS
Q2 26
Q4 25
$-1.53
Q3 25
$-2.00
Q2 25
$-1.24
Q1 25
$-1.19
Q4 24
$-2.71
Q3 24
$-2.87
Q2 24
$-3.36

Balance Sheet & Financial Strength

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

Metric
AMWL
AMWL
CLPS
CLPS
Cash + ST InvestmentsLiquidity on hand
$182.3M
$29.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$235.6M
$57.6M
Total Assets
$323.8M
$118.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMWL
AMWL
CLPS
CLPS
Q2 26
$29.1M
Q4 25
$182.3M
Q3 25
$200.9M
Q2 25
$219.1M
Q1 25
$222.4M
Q4 24
$228.3M
$31.2M
Q3 24
$244.6M
Q2 24
$276.9M
Stockholders' Equity
AMWL
AMWL
CLPS
CLPS
Q2 26
$57.6M
Q4 25
$235.6M
Q3 25
$254.9M
Q2 25
$282.6M
Q1 25
$294.0M
Q4 24
$304.8M
$63.9M
Q3 24
$336.7M
Q2 24
$363.9M
Total Assets
AMWL
AMWL
CLPS
CLPS
Q2 26
$118.1M
Q4 25
$323.8M
Q3 25
$359.4M
Q2 25
$388.7M
Q1 25
$419.5M
Q4 24
$436.0M
$110.0M
Q3 24
$483.0M
Q2 24
$507.8M

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMWL
AMWL
CLPS
CLPS
Q2 26
Q4 25
$-17.4M
Q3 25
$-18.8M
Q2 25
$-4.7M
Q1 25
$-25.1M
Q4 24
$-13.4M
Q3 24
$-32.4M
Q2 24
$-21.8M
Free Cash Flow
AMWL
AMWL
CLPS
CLPS
Q2 26
Q4 25
$-17.4M
Q3 25
Q2 25
Q1 25
$-25.1M
Q4 24
$-13.4M
Q3 24
$-32.4M
Q2 24
$-21.8M
FCF Margin
AMWL
AMWL
CLPS
CLPS
Q2 26
Q4 25
-31.4%
Q3 25
Q2 25
Q1 25
-37.6%
Q4 24
-18.9%
Q3 24
-53.0%
Q2 24
-34.7%
Capex Intensity
AMWL
AMWL
CLPS
CLPS
Q2 26
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMWL
AMWL

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

CLPS
CLPS

Segment breakdown not available.

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