American Well Corporation AMWL

Competitive advantage analysis · healthcare

Corporate Default
Overall moat score
40/100
Developing

About American Well Corporation

American Well Corporation, an enterprise platform and software company, delivers digitally enabling hybrid care in the United States and internationally. The company offers Amwell Platform, a cloud-based enablement platform, digitally enables a scalable healthcare experience across all care settings; Amwell Carepoint, a device enable healthcare providers to leverage proprietary carts and transform existing tablets and TVs into digital access points … Full AMWL analysis →

Competitive advantage assessment

Key strengths

  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.85), suggesting sticky customer base.
  • Operating Leverage in Effect Operating leverage is evident (score 0.76), with margins expanding over time.

Key risks

  • ROIC Below WACC or Peers ROIC at 33.9th percentile suggests inefficient capital deployment.
  • Elevated Debt Risk Debt serviceability is weak (score 0.14), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Weak
25

Where AMWL ranks in Health Information Services

American Well Corporation ranks #39 of 68 scored companies in Health Information Services by moat score — the top 57%. The widest moat in the group is Veeva Systems Inc. (VEEV) at 88/100.

Moat scores for companies ranked near AMWL in Health Information Services
# Company Moat score Rating
35 SCWorx Corp. WORX 43/100 Developing
36 Forian Inc. FORA 42/100 Developing
37 Zhongchao Inc. ZCMD 41/100 Developing
38 Evolent Health, Inc EVH 41/100 Developing
39 American Well Corporation AMWL 40/100 Developing
40 Definitive Healthcare Corp. DH 39/100 Developing
41 LogicMark, Inc. LGMK 37/100 Developing
42 EUDA Health Holdings Limited EUDAW 37/100 Developing
43 Euda Health Holdings Limited EUDA 35/100 Developing

See every General Corporate company ranked by moat score →

How AMWL scores on the Corporate Default defenses

Pricing Power

Score 25 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 48 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 52 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 28 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 38 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 59 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding AMWL's moat

What is American Well Corporation's moat score?

American Well Corporation (AMWL) scores 40 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #39 of 68 scored companies in Health Information Services, the top 57%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 67 companies in Health Information Services. Its strongest defense is Scale & Market Position (59/100) and its weakest is Pricing Power (25/100).

How does American Well Corporation compare with other Health Information Services companies?

American Well Corporation ranks #39 of 68 scored companies in Health Information Services by moat score. The widest moat in Health Information Services is Veeva Systems Inc. (VEEV) at 88/100. The companies ranked closest are Evolent Health, Inc (EVH) at 41 just above it and Definitive Healthcare Corp. (DH) at 39 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 67 companies in Health Information Services. The defenses are then weighted to produce the overall score out of 100.

Why is American Well Corporation scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for American Well Corporation?

The Corporate Default template measures 6 defenses, and AMWL scores: Pricing Power (25), Cost Advantage (48), Customer Stickiness (52), Capital Efficiency (28), Resilience (38), Scale & Market Position (59). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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