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

American Well Corp is the larger business by last-quarter revenue ($55.3M vs $49.0M, roughly 1.1× Quipt Home Medical Corp.). Quipt Home Medical Corp. runs the higher net margin — -2.1% vs -45.1%, a 42.9% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs -22.1%). Quipt Home Medical Corp. produced more free cash flow last quarter ($6.9M vs $-17.4M).

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 ...

Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.

AMWL vs QIPT — Head-to-Head

Bigger by revenue
AMWL
AMWL
1.1× larger
AMWL
$55.3M
$49.0M
QIPT
Growing faster (revenue YoY)
QIPT
QIPT
+54.4% gap
QIPT
32.3%
-22.1%
AMWL
Higher net margin
QIPT
QIPT
42.9% more per $
QIPT
-2.1%
-45.1%
AMWL
More free cash flow
QIPT
QIPT
$24.2M more FCF
QIPT
$6.9M
$-17.4M
AMWL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AMWL
AMWL
QIPT
QIPT
Revenue
$55.3M
$49.0M
Net Profit
$-24.9M
$-1.1M
Gross Margin
53.5%
Operating Margin
-45.5%
2.1%
Net Margin
-45.1%
-2.1%
Revenue YoY
-22.1%
32.3%
Net Profit YoY
41.6%
2.9%
EPS (diluted)
$-1.53
$-0.02

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
QIPT
QIPT
Q4 25
$55.3M
$49.0M
Q3 25
$56.3M
$39.8M
Q2 25
$70.9M
$35.1M
Q1 25
$66.8M
$33.3M
Q4 24
$71.0M
$37.1M
Q3 24
$61.0M
Q2 24
$62.8M
Q1 24
$59.5M
Net Profit
AMWL
AMWL
QIPT
QIPT
Q4 25
$-24.9M
$-1.1M
Q3 25
$-32.4M
$-3.5M
Q2 25
$-19.7M
$-3.0M
Q1 25
$-18.7M
$-3.0M
Q4 24
$-42.7M
$-1.1M
Q3 24
$-43.5M
Q2 24
$-49.9M
Q1 24
$-72.1M
Gross Margin
AMWL
AMWL
QIPT
QIPT
Q4 25
53.5%
Q3 25
48.7%
Q2 25
57.6%
Q1 25
54.6%
Q4 24
52.1%
Q3 24
Q2 24
Q1 24
Operating Margin
AMWL
AMWL
QIPT
QIPT
Q4 25
-45.5%
2.1%
Q3 25
-52.1%
-3.6%
Q2 25
-28.7%
-5.2%
Q1 25
-45.5%
-3.0%
Q4 24
-60.2%
1.2%
Q3 24
-77.6%
Q2 24
-83.4%
Q1 24
-126.1%
Net Margin
AMWL
AMWL
QIPT
QIPT
Q4 25
-45.1%
-2.1%
Q3 25
-57.5%
-8.9%
Q2 25
-27.8%
-8.6%
Q1 25
-28.0%
-9.1%
Q4 24
-60.1%
-2.9%
Q3 24
-71.2%
Q2 24
-79.5%
Q1 24
-121.1%
EPS (diluted)
AMWL
AMWL
QIPT
QIPT
Q4 25
$-1.53
$-0.02
Q3 25
$-2.00
$-0.07
Q2 25
$-1.24
$-0.07
Q1 25
$-1.19
$-0.07
Q4 24
$-2.71
$-0.03
Q3 24
$-2.87
Q2 24
$-3.36
Q1 24
$-4.94

Balance Sheet & Financial Strength

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

Metric
AMWL
AMWL
QIPT
QIPT
Cash + ST InvestmentsLiquidity on hand
$182.3M
$10.5M
Total DebtLower is stronger
$84.0M
Stockholders' EquityBook value
$235.6M
$113.0M
Total Assets
$323.8M
$280.7M
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMWL
AMWL
QIPT
QIPT
Q4 25
$182.3M
$10.5M
Q3 25
$200.9M
$12.9M
Q2 25
$219.1M
$11.3M
Q1 25
$222.4M
$17.1M
Q4 24
$228.3M
$15.5M
Q3 24
$244.6M
Q2 24
$276.9M
Q1 24
$308.6M
Total Debt
AMWL
AMWL
QIPT
QIPT
Q4 25
$84.0M
Q3 25
$87.6M
Q2 25
$66.0M
Q1 25
$71.5M
Q4 24
$70.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AMWL
AMWL
QIPT
QIPT
Q4 25
$235.6M
$113.0M
Q3 25
$254.9M
$112.1M
Q2 25
$282.6M
$102.5M
Q1 25
$294.0M
$103.6M
Q4 24
$304.8M
$106.3M
Q3 24
$336.7M
Q2 24
$363.9M
Q1 24
$408.7M
Total Assets
AMWL
AMWL
QIPT
QIPT
Q4 25
$323.8M
$280.7M
Q3 25
$359.4M
$283.3M
Q2 25
$388.7M
$236.1M
Q1 25
$419.5M
$244.6M
Q4 24
$436.0M
$242.8M
Q3 24
$483.0M
Q2 24
$507.8M
Q1 24
$548.4M
Debt / Equity
AMWL
AMWL
QIPT
QIPT
Q4 25
0.74×
Q3 25
0.78×
Q2 25
0.64×
Q1 25
0.69×
Q4 24
0.66×
Q3 24
Q2 24
Q1 24

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
QIPT
QIPT
Operating Cash FlowLast quarter
$-17.4M
$8.9M
Free Cash FlowOCF − Capex
$-17.4M
$6.9M
FCF MarginFCF / Revenue
-31.4%
14.0%
Capex IntensityCapex / Revenue
0.0%
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$26.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMWL
AMWL
QIPT
QIPT
Q4 25
$-17.4M
$8.9M
Q3 25
$-18.8M
$9.8M
Q2 25
$-4.7M
$9.7M
Q1 25
$-25.1M
$8.9M
Q4 24
$-13.4M
$9.3M
Q3 24
$-32.4M
Q2 24
$-21.8M
Q1 24
$-59.8M
Free Cash Flow
AMWL
AMWL
QIPT
QIPT
Q4 25
$-17.4M
$6.9M
Q3 25
$8.0M
Q2 25
$4.4M
Q1 25
$-25.1M
$7.3M
Q4 24
$-13.4M
$5.6M
Q3 24
$-32.4M
Q2 24
$-21.8M
Q1 24
$-59.8M
FCF Margin
AMWL
AMWL
QIPT
QIPT
Q4 25
-31.4%
14.0%
Q3 25
20.0%
Q2 25
12.6%
Q1 25
-37.6%
22.0%
Q4 24
-18.9%
15.2%
Q3 24
-53.0%
Q2 24
-34.7%
Q1 24
-100.5%
Capex Intensity
AMWL
AMWL
QIPT
QIPT
Q4 25
0.0%
4.2%
Q3 25
0.0%
4.6%
Q2 25
0.0%
14.9%
Q1 25
0.0%
4.8%
Q4 24
0.0%
9.9%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.1%

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%

QIPT
QIPT

Segment breakdown not available.

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