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

Envela Corp is the larger business by last-quarter revenue ($80.5M vs $55.3M, roughly 1.5× American Well Corp). Envela Corp runs the higher net margin — 7.4% vs -45.1%, a 52.5% gap on every dollar of revenue. On growth, Envela Corp posted the faster year-over-year revenue change (66.6% vs -22.1%). Envela Corp produced more free cash flow last quarter ($-3.7M vs $-17.4M). Over the past eight quarters, Envela Corp's revenue compounded faster (42.1% CAGR vs -3.6%).

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 ...

Envela Corporation is a U.S.-based company that provides recommerce services aimed at extending product lifecycles and reducing resource consumption. The company operates through two primary segments: consumer and commercial.

AMWL vs ELA — Head-to-Head

Bigger by revenue
ELA
ELA
1.5× larger
ELA
$80.5M
$55.3M
AMWL
Growing faster (revenue YoY)
ELA
ELA
+88.7% gap
ELA
66.6%
-22.1%
AMWL
Higher net margin
ELA
ELA
52.5% more per $
ELA
7.4%
-45.1%
AMWL
More free cash flow
ELA
ELA
$13.7M more FCF
ELA
$-3.7M
$-17.4M
AMWL
Faster 2-yr revenue CAGR
ELA
ELA
Annualised
ELA
42.1%
-3.6%
AMWL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMWL
AMWL
ELA
ELA
Revenue
$55.3M
$80.5M
Net Profit
$-24.9M
$6.0M
Gross Margin
20.5%
Operating Margin
-45.5%
9.4%
Net Margin
-45.1%
7.4%
Revenue YoY
-22.1%
66.6%
Net Profit YoY
41.6%
274.6%
EPS (diluted)
$-1.53
$0.22

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
ELA
ELA
Q4 25
$55.3M
$80.5M
Q3 25
$56.3M
$57.4M
Q2 25
$70.9M
$54.9M
Q1 25
$66.8M
$48.3M
Q4 24
$71.0M
$48.3M
Q3 24
$61.0M
$46.9M
Q2 24
$62.8M
$45.3M
Q1 24
$59.5M
$39.9M
Net Profit
AMWL
AMWL
ELA
ELA
Q4 25
$-24.9M
$6.0M
Q3 25
$-32.4M
$3.4M
Q2 25
$-19.7M
$2.8M
Q1 25
$-18.7M
$2.5M
Q4 24
$-42.7M
$1.6M
Q3 24
$-43.5M
$1.7M
Q2 24
$-49.9M
$1.6M
Q1 24
$-72.1M
$1.9M
Gross Margin
AMWL
AMWL
ELA
ELA
Q4 25
20.5%
Q3 25
22.8%
Q2 25
22.6%
Q1 25
24.8%
Q4 24
23.1%
Q3 24
24.4%
Q2 24
25.1%
Q1 24
25.9%
Operating Margin
AMWL
AMWL
ELA
ELA
Q4 25
-45.5%
9.4%
Q3 25
-52.1%
7.3%
Q2 25
-28.7%
5.9%
Q1 25
-45.5%
6.5%
Q4 24
-60.2%
3.9%
Q3 24
-77.6%
4.3%
Q2 24
-83.4%
4.2%
Q1 24
-126.1%
5.9%
Net Margin
AMWL
AMWL
ELA
ELA
Q4 25
-45.1%
7.4%
Q3 25
-57.5%
5.8%
Q2 25
-27.8%
5.0%
Q1 25
-28.0%
5.2%
Q4 24
-60.1%
3.3%
Q3 24
-71.2%
3.6%
Q2 24
-79.5%
3.5%
Q1 24
-121.1%
4.8%
EPS (diluted)
AMWL
AMWL
ELA
ELA
Q4 25
$-1.53
$0.22
Q3 25
$-2.00
$0.13
Q2 25
$-1.24
$0.11
Q1 25
$-1.19
$0.10
Q4 24
$-2.71
$0.07
Q3 24
$-2.87
$0.06
Q2 24
$-3.36
$0.06
Q1 24
$-4.94
$0.07

Balance Sheet & Financial Strength

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

Metric
AMWL
AMWL
ELA
ELA
Cash + ST InvestmentsLiquidity on hand
$182.3M
Total DebtLower is stronger
$9.9M
Stockholders' EquityBook value
$235.6M
$67.1M
Total Assets
$323.8M
$96.0M
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMWL
AMWL
ELA
ELA
Q4 25
$182.3M
Q3 25
$200.9M
Q2 25
$219.1M
Q1 25
$222.4M
Q4 24
$228.3M
Q3 24
$244.6M
Q2 24
$276.9M
Q1 24
$308.6M
$19.8M
Total Debt
AMWL
AMWL
ELA
ELA
Q4 25
$9.9M
Q3 25
$12.5M
Q2 25
$13.0M
Q1 25
$13.2M
Q4 24
$13.5M
Q3 24
$13.8M
Q2 24
$14.3M
Q1 24
$14.6M
Stockholders' Equity
AMWL
AMWL
ELA
ELA
Q4 25
$235.6M
$67.1M
Q3 25
$254.9M
$61.1M
Q2 25
$282.6M
$57.8M
Q1 25
$294.0M
$55.1M
Q4 24
$304.8M
$52.7M
Q3 24
$336.7M
$51.1M
Q2 24
$363.9M
$50.2M
Q1 24
$408.7M
$49.3M
Total Assets
AMWL
AMWL
ELA
ELA
Q4 25
$323.8M
$96.0M
Q3 25
$359.4M
$90.9M
Q2 25
$388.7M
$82.7M
Q1 25
$419.5M
$79.7M
Q4 24
$436.0M
$77.9M
Q3 24
$483.0M
$77.4M
Q2 24
$507.8M
$73.8M
Q1 24
$548.4M
$74.7M
Debt / Equity
AMWL
AMWL
ELA
ELA
Q4 25
0.15×
Q3 25
0.20×
Q2 25
0.23×
Q1 25
0.24×
Q4 24
0.26×
Q3 24
0.27×
Q2 24
0.29×
Q1 24
0.30×

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
ELA
ELA
Operating Cash FlowLast quarter
$-17.4M
$-3.5M
Free Cash FlowOCF − Capex
$-17.4M
$-3.7M
FCF MarginFCF / Revenue
-31.4%
-4.6%
Capex IntensityCapex / Revenue
0.0%
0.2%
Cash ConversionOCF / Net Profit
-0.59×
TTM Free Cash FlowTrailing 4 quarters
$1.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMWL
AMWL
ELA
ELA
Q4 25
$-17.4M
$-3.5M
Q3 25
$-18.8M
$2.4M
Q2 25
$-4.7M
$2.6M
Q1 25
$-25.1M
$1.1M
Q4 24
$-13.4M
$3.7M
Q3 24
$-32.4M
$3.4M
Q2 24
$-21.8M
$-789.5K
Q1 24
$-59.8M
$3.8M
Free Cash Flow
AMWL
AMWL
ELA
ELA
Q4 25
$-17.4M
$-3.7M
Q3 25
$2.2M
Q2 25
$2.1M
Q1 25
$-25.1M
$746.6K
Q4 24
$-13.4M
$3.2M
Q3 24
$-32.4M
$1.5M
Q2 24
$-21.8M
$-1.3M
Q1 24
$-59.8M
$3.3M
FCF Margin
AMWL
AMWL
ELA
ELA
Q4 25
-31.4%
-4.6%
Q3 25
3.8%
Q2 25
3.9%
Q1 25
-37.6%
1.5%
Q4 24
-18.9%
6.7%
Q3 24
-53.0%
3.1%
Q2 24
-34.7%
-2.9%
Q1 24
-100.5%
8.4%
Capex Intensity
AMWL
AMWL
ELA
ELA
Q4 25
0.0%
0.2%
Q3 25
0.0%
0.4%
Q2 25
0.0%
0.8%
Q1 25
0.0%
0.8%
Q4 24
0.0%
1.0%
Q3 24
0.0%
4.2%
Q2 24
0.0%
1.1%
Q1 24
0.1%
1.1%
Cash Conversion
AMWL
AMWL
ELA
ELA
Q4 25
-0.59×
Q3 25
0.72×
Q2 25
0.94×
Q1 25
0.45×
Q4 24
2.34×
Q3 24
2.05×
Q2 24
-0.50×
Q1 24
1.99×

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%

ELA
ELA

Consumer Segment$67.7M84%
Commercial Segment$12.8M16%

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