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

American Well Corp is the larger business by last-quarter revenue ($55.3M vs $36.5M, roughly 1.5× SmartRent, Inc.). SmartRent, Inc. runs the higher net margin — -8.9% vs -45.1%, a 36.2% gap on every dollar of revenue. On growth, SmartRent, Inc. posted the faster year-over-year revenue change (3.1% vs -22.1%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $-17.4M). Over the past eight quarters, American Well Corp's revenue compounded faster (-3.6% CAGR vs -15.0%).

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 ...

Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.

AMWL vs SMRT — Head-to-Head

Bigger by revenue
AMWL
AMWL
1.5× larger
AMWL
$55.3M
$36.5M
SMRT
Growing faster (revenue YoY)
SMRT
SMRT
+25.2% gap
SMRT
3.1%
-22.1%
AMWL
Higher net margin
SMRT
SMRT
36.2% more per $
SMRT
-8.9%
-45.1%
AMWL
More free cash flow
SMRT
SMRT
$25.0M more FCF
SMRT
$7.7M
$-17.4M
AMWL
Faster 2-yr revenue CAGR
AMWL
AMWL
Annualised
AMWL
-3.6%
-15.0%
SMRT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMWL
AMWL
SMRT
SMRT
Revenue
$55.3M
$36.5M
Net Profit
$-24.9M
$-3.2M
Gross Margin
38.6%
Operating Margin
-45.5%
-10.9%
Net Margin
-45.1%
-8.9%
Revenue YoY
-22.1%
3.1%
Net Profit YoY
41.6%
71.6%
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
SMRT
SMRT
Q4 25
$55.3M
$36.5M
Q3 25
$56.3M
$36.2M
Q2 25
$70.9M
$38.3M
Q1 25
$66.8M
$41.3M
Q4 24
$71.0M
$35.4M
Q3 24
$61.0M
$40.5M
Q2 24
$62.8M
$48.5M
Q1 24
$59.5M
$50.5M
Net Profit
AMWL
AMWL
SMRT
SMRT
Q4 25
$-24.9M
$-3.2M
Q3 25
$-32.4M
$-6.3M
Q2 25
$-19.7M
$-10.9M
Q1 25
$-18.7M
$-40.2M
Q4 24
$-42.7M
$-11.4M
Q3 24
$-43.5M
$-9.9M
Q2 24
$-49.9M
$-4.6M
Q1 24
$-72.1M
$-7.7M
Gross Margin
AMWL
AMWL
SMRT
SMRT
Q4 25
38.6%
Q3 25
26.4%
Q2 25
33.1%
Q1 25
32.8%
Q4 24
28.7%
Q3 24
33.2%
Q2 24
35.7%
Q1 24
38.5%
Operating Margin
AMWL
AMWL
SMRT
SMRT
Q4 25
-45.5%
-10.9%
Q3 25
-52.1%
-19.4%
Q2 25
-28.7%
-30.5%
Q1 25
-45.5%
-99.9%
Q4 24
-60.2%
-36.6%
Q3 24
-77.6%
-29.0%
Q2 24
-83.4%
-14.3%
Q1 24
-126.1%
-20.1%
Net Margin
AMWL
AMWL
SMRT
SMRT
Q4 25
-45.1%
-8.9%
Q3 25
-57.5%
-17.3%
Q2 25
-27.8%
-28.3%
Q1 25
-28.0%
-97.2%
Q4 24
-60.1%
-32.3%
Q3 24
-71.2%
-24.5%
Q2 24
-79.5%
-9.5%
Q1 24
-121.1%
-15.2%
EPS (diluted)
AMWL
AMWL
SMRT
SMRT
Q4 25
$-1.53
$-0.02
Q3 25
$-2.00
$-0.03
Q2 25
$-1.24
$-0.06
Q1 25
$-1.19
$-0.21
Q4 24
$-2.71
$-0.06
Q3 24
$-2.87
$-0.05
Q2 24
$-3.36
$-0.02
Q1 24
$-4.94
$-0.04

Balance Sheet & Financial Strength

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

Metric
AMWL
AMWL
SMRT
SMRT
Cash + ST InvestmentsLiquidity on hand
$182.3M
$104.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$235.6M
$232.1M
Total Assets
$323.8M
$320.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMWL
AMWL
SMRT
SMRT
Q4 25
$182.3M
$104.5M
Q3 25
$200.9M
$100.0M
Q2 25
$219.1M
$105.0M
Q1 25
$222.4M
$125.6M
Q4 24
$228.3M
$142.5M
Q3 24
$244.6M
$163.4M
Q2 24
$276.9M
$187.4M
Q1 24
$308.6M
$204.7M
Stockholders' Equity
AMWL
AMWL
SMRT
SMRT
Q4 25
$235.6M
$232.1M
Q3 25
$254.9M
$234.4M
Q2 25
$282.6M
$238.8M
Q1 25
$294.0M
$250.7M
Q4 24
$304.8M
$289.4M
Q3 24
$336.7M
$305.1M
Q2 24
$363.9M
$329.4M
Q1 24
$408.7M
$333.1M
Total Assets
AMWL
AMWL
SMRT
SMRT
Q4 25
$323.8M
$320.9M
Q3 25
$359.4M
$335.8M
Q2 25
$388.7M
$354.0M
Q1 25
$419.5M
$366.1M
Q4 24
$436.0M
$420.2M
Q3 24
$483.0M
$448.6M
Q2 24
$507.8M
$475.3M
Q1 24
$548.4M
$485.5M

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
SMRT
SMRT
Operating Cash FlowLast quarter
$-17.4M
$7.7M
Free Cash FlowOCF − Capex
$-17.4M
$7.7M
FCF MarginFCF / Revenue
-31.4%
21.0%
Capex IntensityCapex / Revenue
0.0%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-25.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMWL
AMWL
SMRT
SMRT
Q4 25
$-17.4M
$7.7M
Q3 25
$-18.8M
$-2.1M
Q2 25
$-4.7M
$-14.9M
Q1 25
$-25.1M
$-12.2M
Q4 24
$-13.4M
$-12.0M
Q3 24
$-32.4M
$-3.7M
Q2 24
$-21.8M
$-13.9M
Q1 24
$-59.8M
$-3.3M
Free Cash Flow
AMWL
AMWL
SMRT
SMRT
Q4 25
$-17.4M
$7.7M
Q3 25
$-2.2M
Q2 25
$-16.2M
Q1 25
$-25.1M
$-14.3M
Q4 24
$-13.4M
$-13.3M
Q3 24
$-32.4M
$-3.9M
Q2 24
$-21.8M
$-14.1M
Q1 24
$-59.8M
$-3.4M
FCF Margin
AMWL
AMWL
SMRT
SMRT
Q4 25
-31.4%
21.0%
Q3 25
-6.1%
Q2 25
-42.3%
Q1 25
-37.6%
-34.7%
Q4 24
-18.9%
-37.5%
Q3 24
-53.0%
-9.7%
Q2 24
-34.7%
-29.1%
Q1 24
-100.5%
-6.7%
Capex Intensity
AMWL
AMWL
SMRT
SMRT
Q4 25
0.0%
0.0%
Q3 25
0.0%
0.2%
Q2 25
0.0%
3.3%
Q1 25
0.0%
5.3%
Q4 24
0.0%
3.5%
Q3 24
0.0%
0.6%
Q2 24
0.0%
0.5%
Q1 24
0.1%
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%

SMRT
SMRT

Hosted Services$18.1M50%
Hardware Service$12.5M34%
Smart Operations Solutions$2.6M7%
Access Control$2.0M5%
Other Smart Communities Solutions$1.3M3%

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