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

Townsquare Media, Inc. is the larger business by last-quarter revenue ($106.5M vs $55.3M, roughly 1.9× American Well Corp). Townsquare Media, Inc. runs the higher net margin — -4.9% vs -45.1%, a 40.2% gap on every dollar of revenue. On growth, Townsquare Media, Inc. posted the faster year-over-year revenue change (-9.6% vs -22.1%). Townsquare Media, Inc. produced more free cash flow last quarter ($9.2M vs $-17.4M). Over the past eight quarters, Townsquare Media, Inc.'s revenue compounded faster (3.4% 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 ...

Townsquare Media, Inc. is an American radio network and media company based in Purchase, New York. The company started in radio and expanded into digital media toward the end of the 2000s, starting with the acquisition of the MOG Music Network. As of June 2024, Townsquare was the third-largest AM–FM operator in the country, owning 349 radio stations in 74 markets.

AMWL vs TSQ — Head-to-Head

Bigger by revenue
TSQ
TSQ
1.9× larger
TSQ
$106.5M
$55.3M
AMWL
Growing faster (revenue YoY)
TSQ
TSQ
+12.5% gap
TSQ
-9.6%
-22.1%
AMWL
Higher net margin
TSQ
TSQ
40.2% more per $
TSQ
-4.9%
-45.1%
AMWL
More free cash flow
TSQ
TSQ
$26.6M more FCF
TSQ
$9.2M
$-17.4M
AMWL
Faster 2-yr revenue CAGR
TSQ
TSQ
Annualised
TSQ
3.4%
-3.6%
AMWL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMWL
AMWL
TSQ
TSQ
Revenue
$55.3M
$106.5M
Net Profit
$-24.9M
$-5.2M
Gross Margin
24.1%
Operating Margin
-45.5%
9.5%
Net Margin
-45.1%
-4.9%
Revenue YoY
-22.1%
-9.6%
Net Profit YoY
41.6%
-121.2%
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
TSQ
TSQ
Q4 25
$55.3M
$106.5M
Q3 25
$56.3M
$106.8M
Q2 25
$70.9M
$115.4M
Q1 25
$66.8M
$98.7M
Q4 24
$71.0M
$117.8M
Q3 24
$61.0M
$115.3M
Q2 24
$62.8M
$118.2M
Q1 24
$59.5M
$99.6M
Net Profit
AMWL
AMWL
TSQ
TSQ
Q4 25
$-24.9M
$-5.2M
Q3 25
$-32.4M
$-5.9M
Q2 25
$-19.7M
$1.6M
Q1 25
$-18.7M
$-2.0M
Q4 24
$-42.7M
$24.6M
Q3 24
$-43.5M
$10.8M
Q2 24
$-49.9M
$-49.2M
Q1 24
$-72.1M
$1.1M
Gross Margin
AMWL
AMWL
TSQ
TSQ
Q4 25
24.1%
Q3 25
26.2%
Q2 25
28.3%
Q1 25
23.2%
Q4 24
31.6%
Q3 24
27.3%
Q2 24
27.7%
Q1 24
22.8%
Operating Margin
AMWL
AMWL
TSQ
TSQ
Q4 25
-45.5%
9.5%
Q3 25
-52.1%
5.6%
Q2 25
-28.7%
18.2%
Q1 25
-45.5%
7.2%
Q4 24
-60.2%
18.1%
Q3 24
-77.6%
13.1%
Q2 24
-83.4%
-18.1%
Q1 24
-126.1%
6.7%
Net Margin
AMWL
AMWL
TSQ
TSQ
Q4 25
-45.1%
-4.9%
Q3 25
-57.5%
-5.5%
Q2 25
-27.8%
1.4%
Q1 25
-28.0%
-2.0%
Q4 24
-60.1%
20.8%
Q3 24
-71.2%
9.4%
Q2 24
-79.5%
-41.7%
Q1 24
-121.1%
1.1%
EPS (diluted)
AMWL
AMWL
TSQ
TSQ
Q4 25
$-1.53
Q3 25
$-2.00
$-0.36
Q2 25
$-1.24
$0.09
Q1 25
$-1.19
$-0.12
Q4 24
$-2.71
$1.76
Q3 24
$-2.87
$0.63
Q2 24
$-3.36
$-3.26
Q1 24
$-4.94
$0.06

Balance Sheet & Financial Strength

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

Metric
AMWL
AMWL
TSQ
TSQ
Cash + ST InvestmentsLiquidity on hand
$182.3M
$4.8M
Total DebtLower is stronger
$433.0M
Stockholders' EquityBook value
$235.6M
$-41.0M
Total Assets
$323.8M
$528.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMWL
AMWL
TSQ
TSQ
Q4 25
$182.3M
$4.8M
Q3 25
$200.9M
$3.2M
Q2 25
$219.1M
$3.2M
Q1 25
$222.4M
$5.5M
Q4 24
$228.3M
$33.0M
Q3 24
$244.6M
$21.8M
Q2 24
$276.9M
$28.5M
Q1 24
$308.6M
$56.6M
Total Debt
AMWL
AMWL
TSQ
TSQ
Q4 25
$433.0M
Q3 25
$437.6M
Q2 25
$439.7M
Q1 25
$448.4M
Q4 24
$465.8M
Q3 24
$476.7M
Q2 24
$487.1M
Q1 24
$500.1M
Stockholders' Equity
AMWL
AMWL
TSQ
TSQ
Q4 25
$235.6M
$-41.0M
Q3 25
$254.9M
$-34.0M
Q2 25
$282.6M
$-27.1M
Q1 25
$294.0M
$-26.8M
Q4 24
$304.8M
$-28.4M
Q3 24
$336.7M
$-52.5M
Q2 24
$363.9M
$-64.1M
Q1 24
$408.7M
$1.8M
Total Assets
AMWL
AMWL
TSQ
TSQ
Q4 25
$323.8M
$528.6M
Q3 25
$359.4M
$539.2M
Q2 25
$388.7M
$545.7M
Q1 25
$419.5M
$544.5M
Q4 24
$436.0M
$580.4M
Q3 24
$483.0M
$565.4M
Q2 24
$507.8M
$579.6M
Q1 24
$548.4M
$636.7M
Debt / Equity
AMWL
AMWL
TSQ
TSQ
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
271.80×

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
TSQ
TSQ
Operating Cash FlowLast quarter
$-17.4M
$12.6M
Free Cash FlowOCF − Capex
$-17.4M
$9.2M
FCF MarginFCF / Revenue
-31.4%
8.6%
Capex IntensityCapex / Revenue
0.0%
3.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$15.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMWL
AMWL
TSQ
TSQ
Q4 25
$-17.4M
$12.6M
Q3 25
$-18.8M
$7.9M
Q2 25
$-4.7M
$10.2M
Q1 25
$-25.1M
$-66.0K
Q4 24
$-13.4M
$28.2M
Q3 24
$-32.4M
$9.9M
Q2 24
$-21.8M
$9.0M
Q1 24
$-59.8M
$1.7M
Free Cash Flow
AMWL
AMWL
TSQ
TSQ
Q4 25
$-17.4M
$9.2M
Q3 25
$4.3M
Q2 25
$6.4M
Q1 25
$-25.1M
$-4.5M
Q4 24
$-13.4M
$24.5M
Q3 24
$-32.4M
$4.8M
Q2 24
$-21.8M
$4.8M
Q1 24
$-59.8M
$-2.8M
FCF Margin
AMWL
AMWL
TSQ
TSQ
Q4 25
-31.4%
8.6%
Q3 25
4.1%
Q2 25
5.5%
Q1 25
-37.6%
-4.6%
Q4 24
-18.9%
20.8%
Q3 24
-53.0%
4.1%
Q2 24
-34.7%
4.0%
Q1 24
-100.5%
-2.8%
Capex Intensity
AMWL
AMWL
TSQ
TSQ
Q4 25
0.0%
3.2%
Q3 25
0.0%
3.3%
Q2 25
0.0%
3.3%
Q1 25
0.0%
4.5%
Q4 24
0.0%
3.1%
Q3 24
0.0%
4.4%
Q2 24
0.0%
3.6%
Q1 24
0.1%
4.4%
Cash Conversion
AMWL
AMWL
TSQ
TSQ
Q4 25
Q3 25
Q2 25
6.51×
Q1 25
Q4 24
1.15×
Q3 24
0.91×
Q2 24
Q1 24
1.47×

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%

TSQ
TSQ

Broadcast Advertising Segment$46.4M44%
Digital Advertising Segment$41.7M39%
Subscription Digital Marketing Solutions Segment$18.4M17%

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