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American Well Corp（AMWL）与FISERV INC（FISV）财务数据对比。点击上方公司名可切换其他公司
FISERV INC的季度营收约是American Well Corp的95.5倍（$5.3B vs $55.3M）。FISERV INC净利率更高（15.3% vs -45.1%，领先60.4%）。FISERV INC同比增速更快（0.6% vs -22.1%）。FISERV INC自由现金流更多（$1.5B vs $-17.4M）。过去两年FISERV INC的营收复合增速更高（4.0% vs -3.6%）
美国烟草公司由J.B.杜克于1890年整合多家美国烟草制造商合并创立，1896年成为道琼斯工业平均指数最初的12支成分股之一。该公司收购了好彩公司及超过200家竞争对手，一度垄断美国烟草行业。1907年美国联邦政府发起反垄断诉讼，最终将该公司分拆为多家企业。
Fiserv是总部位于美国威斯康星州密尔沃基的跨国金融科技企业，面向银行机构提供借记卡、信用卡交易处理、忠诚度计划管理、贷款服务、电子账单支付、电汇及ACH转账、支票存款、ATM交易处理等解决方案，同时生产借记卡、信用卡及POS终端设备。
AMWL vs FISV — 直观对比
营收规模更大
FISV
是对方的95.5倍
$55.3M
营收增速更快
FISV
高出22.7%
-22.1%
净利率更高
FISV
高出60.4%
-45.1%
自由现金流更多
FISV
多$1.5B
$-17.4M
两年增速更快
FISV
近两年复合增速
-3.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $55.3M | $5.3B |
| 净利润 | $-24.9M | $811.0M |
| 毛利率 | — | — |
| 营业利润率 | -45.5% | 24.4% |
| 净利率 | -45.1% | 15.3% |
| 营收同比 | -22.1% | 0.6% |
| 净利润同比 | 41.6% | -13.5% |
| 每股收益（稀释后） | $-1.53 | $1.51 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AMWLFISV
| Q4 25 | $55.3M | $5.3B | ||
| Q3 25 | $56.3M | $5.3B | ||
| Q2 25 | $70.9M | $5.5B | ||
| Q1 25 | $66.8M | $5.1B | ||
| Q4 24 | $71.0M | $5.3B | ||
| Q3 24 | $61.0M | $5.2B | ||
| Q2 24 | $62.8M | $5.1B | ||
| Q1 24 | $59.5M | $4.9B |
净利润AMWLFISV
| Q4 25 | $-24.9M | $811.0M | ||
| Q3 25 | $-32.4M | $792.0M | ||
| Q2 25 | $-19.7M | $1.0B | ||
| Q1 25 | $-18.7M | $851.0M | ||
| Q4 24 | $-42.7M | $938.0M | ||
| Q3 24 | $-43.5M | $564.0M | ||
| Q2 24 | $-49.9M | $894.0M | ||
| Q1 24 | $-72.1M | $735.0M |
营业利润率AMWLFISV
| Q4 25 | -45.5% | 24.4% | ||
| Q3 25 | -52.1% | 27.3% | ||
| Q2 25 | -28.7% | 30.7% | ||
| Q1 25 | -45.5% | 27.2% | ||
| Q4 24 | -60.2% | 31.8% | ||
| Q3 24 | -77.6% | 30.7% | ||
| Q2 24 | -83.4% | 28.0% | ||
| Q1 24 | -126.1% | 24.2% |
净利率AMWLFISV
| Q4 25 | -45.1% | 15.3% | ||
| Q3 25 | -57.5% | 15.0% | ||
| Q2 25 | -27.8% | 18.6% | ||
| Q1 25 | -28.0% | 16.6% | ||
| Q4 24 | -60.1% | 17.9% | ||
| Q3 24 | -71.2% | 10.8% | ||
| Q2 24 | -79.5% | 17.5% | ||
| Q1 24 | -121.1% | 15.1% |
每股收益（稀释后）AMWLFISV
| Q4 25 | $-1.53 | $1.51 | ||
| Q3 25 | $-2.00 | $1.46 | ||
| Q2 25 | $-1.24 | $1.86 | ||
| Q1 25 | $-1.19 | $1.51 | ||
| Q4 24 | $-2.71 | $1.63 | ||
| Q3 24 | $-2.87 | $0.98 | ||
| Q2 24 | $-3.36 | $1.53 | ||
| Q1 24 | $-4.94 | $1.24 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $182.3M | $798.0M |
| 总债务越低越好 | — | $27.8B |
| 股东权益账面价值 | $235.6M | $25.8B |
| 总资产 | $323.8M | $80.1B |
| 负债/权益比越低杠杆越低 | — | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资AMWLFISV
| Q4 25 | $182.3M | $798.0M | ||
| Q3 25 | $200.9M | $1.1B | ||
| Q2 25 | $219.1M | $999.0M | ||
| Q1 25 | $222.4M | $1.2B | ||
| Q4 24 | $228.3M | $1.2B | ||
| Q3 24 | $244.6M | $1.2B | ||
| Q2 24 | $276.9M | $1.2B | ||
| Q1 24 | $308.6M | $1.2B |
总债务AMWLFISV
| Q4 25 | — | $27.8B | ||
| Q3 25 | — | $28.9B | ||
| Q2 25 | — | $28.1B | ||
| Q1 25 | — | $27.0B | ||
| Q4 24 | — | $23.7B | ||
| Q3 24 | — | $24.1B | ||
| Q2 24 | — | $24.4B | ||
| Q1 24 | — | $23.8B |
股东权益AMWLFISV
| Q4 25 | $235.6M | $25.8B | ||
| Q3 25 | $254.9M | $25.1B | ||
| Q2 25 | $282.6M | $25.2B | ||
| Q1 25 | $294.0M | $25.9B | ||
| Q4 24 | $304.8M | $27.1B | ||
| Q3 24 | $336.7M | $27.8B | ||
| Q2 24 | $363.9M | $28.2B | ||
| Q1 24 | $408.7M | $28.8B |
总资产AMWLFISV
| Q4 25 | $323.8M | $80.1B | ||
| Q3 25 | $359.4M | $79.4B | ||
| Q2 25 | $388.7M | $81.5B | ||
| Q1 25 | $419.5M | $80.4B | ||
| Q4 24 | $436.0M | $77.2B | ||
| Q3 24 | $483.0M | $79.8B | ||
| Q2 24 | $507.8M | $93.4B | ||
| Q1 24 | $548.4M | $92.7B |
负债/权益比AMWLFISV
| Q4 25 | — | 1.08× | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 1.04× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.87× | ||
| Q2 24 | — | 0.87× | ||
| Q1 24 | — | 0.82× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-17.4M | $1.9B |
| 自由现金流经营现金流 - 资本支出 | $-17.4M | $1.5B |
| 自由现金流率自由现金流/营收 | -31.4% | 28.4% |
| 资本支出强度资本支出/营收 | 0.0% | 8.4% |
| 现金转化率经营现金流/净利润 | — | 2.40× |
| 过去12个月自由现金流最近4个季度 | — | $4.3B |
8季度趋势，按日历期对齐
经营现金流AMWLFISV
| Q4 25 | $-17.4M | $1.9B | ||
| Q3 25 | $-18.8M | $1.8B | ||
| Q2 25 | $-4.7M | $1.7B | ||
| Q1 25 | $-25.1M | $648.0M | ||
| Q4 24 | $-13.4M | $2.2B | ||
| Q3 24 | $-32.4M | $2.2B | ||
| Q2 24 | $-21.8M | $1.3B | ||
| Q1 24 | $-59.8M | $831.0M |
自由现金流AMWLFISV
| Q4 25 | $-17.4M | $1.5B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | $-25.1M | $313.0M | ||
| Q4 24 | $-13.4M | $1.8B | ||
| Q3 24 | $-32.4M | $1.8B | ||
| Q2 24 | $-21.8M | $993.0M | ||
| Q1 24 | $-59.8M | $411.0M |
自由现金流率AMWLFISV
| Q4 25 | -31.4% | 28.4% | ||
| Q3 25 | — | 24.7% | ||
| Q2 25 | — | 21.5% | ||
| Q1 25 | -37.6% | 6.1% | ||
| Q4 24 | -18.9% | 34.7% | ||
| Q3 24 | -53.0% | 35.2% | ||
| Q2 24 | -34.7% | 19.4% | ||
| Q1 24 | -100.5% | 8.4% |
资本支出强度AMWLFISV
| Q4 25 | 0.0% | 8.4% | ||
| Q3 25 | 0.0% | 9.6% | ||
| Q2 25 | 0.0% | 8.7% | ||
| Q1 25 | 0.0% | 6.5% | ||
| Q4 24 | 0.0% | 7.6% | ||
| Q3 24 | 0.0% | 7.7% | ||
| Q2 24 | 0.0% | 6.8% | ||
| Q1 24 | 0.1% | 8.6% |
现金转化率AMWLFISV
| Q4 25 | — | 2.40× | ||
| Q3 25 | — | 2.28× | ||
| Q2 25 | — | 1.62× | ||
| Q1 25 | — | 0.76× | ||
| Q4 24 | — | 2.37× | ||
| Q3 24 | — | 3.97× | ||
| Q2 24 | — | 1.50× | ||
| Q1 24 | — | 1.13× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AMWL
| Platform Subscription | $28.8M | 52% |
| Visits | $23.7M | 43% |
| Others | $2.8M | 5% |
FISV
| Small Business | $1.7B | 32% |
| Products | $1.0B | 19% |
| Digital Payments | $960.0M | 18% |
| Issuing | $792.0M | 15% |
| Enterprise | $587.0M | 11% |
| Processing | $265.0M | 5% |
| Affiliated Entity | $18.0M | 0% |
