diff --git a/tool/README.md b/tool/README.md
index af04cef42e..d03e847910 100644
--- a/tool/README.md
+++ b/tool/README.md
@@ -15,10 +15,9 @@ The speed subtool of `bssl` runs a performance test for a number of cryptographi
 ## Benchmarking Tools
 When compiled, AWS-LC will generate separate benchmarking tools when provided with corresponding compiler flags. These tools take the same arguments as `bssl speed` tool.
 
-The `awslc_bm` tool is expected to be used when benchmarking an installation of AWS-LC with a different speed tool: e.g.
+This tool also supports building a newer benchmark with an older version of AWS-LC's code: e.g.
 build and install AWS-LC FIPS from 2021 but run the latest benchmark tool from main. To benchmark the AWS-LC libcrypto
-from the current folder it is recomended to run `bssl speed` which executes the same code as other benchmarks: e.g. 
-`ossl_1_1_bm`.
+from the current folder it is recommended to run `bssl speed` which executes the same code as other benchmarks.
 
 Additionally, the speed tool now prints a message when it is benchmarking a non-release build of AWS-LC instead of a release build of the project.
 
@@ -28,24 +27,70 @@ Running each tool without any options (e.g. `./awslc_bm`) will run all available
 Additionally, there are a number of arguments that enable different functionality:
 * `-filter` provides a filter on the benchmarking tests to be run.
 * `-timeout` sets the number of seconds each test is run for (default 1).
+* `-threads` is a comma-separated list of thread counts to run multithreaded benchmarks (default is "1,2,4,8,16,32,64")
 * `-chunks` is a comma-separated list of input sizes to run tests at (default is "
   "16,256,1350,8192,16384)
 * `-json` has the tool print the output of each benchmark in JSON format.
 
 For example, `./awslc_bm -filter AES -timeout 10 -chunks 16, 256, -json` will run all AES-related tests with input sizes of 16 and 256 for 10 seconds, and output the results in JSON format.
 
-## Setup
-In order to build the above-mentioned benchmarking tools, absolute paths to each libaries' install location must be provided via compiler flags.
-
-### Compiler Flags
-|  Tool Name  |  Compiler Flag  |
-| ------------- | ------------- |
- | bssl speed | (none) | 
-| awslc_bm | -DAWSLC_INSTALL_DIR |
-| bssl_bm | -DBORINGSSL_INSTALL_DIR |
-| ossl_1_0_bm | -DOPENSSL_1_0_INSTALL_DIR |
-| ossl_1_1_bm | -DOPENSSL_1_1_INSTALL_DIR |
-| ossl_3_0_bm | -DOPENSSL_3_0_INSTALL_DIR |
+## Comparison Setup
+The AWS-LC benchmark supports building and running with other common libcryptos.
+Build and install the other libcryptos you would like to test with locally, for 
+example building AWS-LC 2022 FIPS branch and OpenSSL 3.3 to compare with AWS-LC
+main branch:
+
+```bash
+mkdir ~/aws-lc-benchmark && pushd ~/aws-lc-benchmark
+
+git clone -b openssl-3.3 --depth 1 https://github.com/openssl/openssl.git openssl-3.3-src
+pushd openssl-3.3-src
+./config --prefix="${HOME}/aws-lc-benchmark/openssl-3.3-install" --openssldir="${HOME}/aws-lc-benchmark/openssl-3.3-install"
+make -j
+make install_sw
+popd
+
+
+git clone -b fips-2022-11-02 --depth 1 https://github.com/aws/aws-lc.git aws-lc-fips-src
+pushd aws-lc-fips-src
+cmake -DCMAKE_INSTALL_PREFIX="${HOME}/aws-lc-benchmark/aws-lc-fips-install" -DCMAKE_BUILD_TYPE=Release -DFIPS=1 -DBUILD_SHARED_LIBS=1
+make -j install
+popd && popd
+```
+
+To build the main branch speed.cc against other libraries pass in the
+BENCHMARK_LIBS option when running CMake. BENCHMARK_LIBS is a list of tuples,
+the format is `executable_name:install_path`. `executable_name` is the name for
+the benchmark that AWS-LC will build with whatever library is in `install_path`.
+Multiple libraries can be specified with a semicolon between them:
+`executable1_name:executable1_install_path;executable1_name:executable1_install_path;`
+
+To build AWS-LC main speed.cc against the two previously built libcrypto libraries
+(AWS-LC FIPS 2022 and OpenSSL 3.3):
+```bash
+pushd ~/aws-lc-benchmark
+git clone -b main --depth 1 https://github.com/aws/aws-lc.git aws-lc-main-src
+pushd aws-lc-main-src
+cmake -DCMAKE_BUILD_TYPE=Release -DBENCHMARK_LIBS="\
+aws-lc-fips-2022:${HOME}/aws-lc-benchmark/aws-lc-fips-install;\
+openssl-3-3:${HOME}/aws-lc-benchmark/openssl-3.3-install;"
+make -j
+popd && popd
+```
+
+This will build 3 relevant binaries:
+* `~/aws-lc-benchmark/aws-lc-main-src/tool/bssl` is the complete tool build with the main branch of code, `speed` is required to run the benchmark 
+* `~/aws-lc-benchmark/aws-lc-main-src/tool/aws-lc-fips-2022` is the main branch of speed.cc built with the AWS-LC FIPS 2022 install
+* `~/aws-lc-benchmark/aws-lc-main-src/tool/openssl-3-3` is the main branch of speed.cc built with the OpenSSL 3.3 install
+
+Not all benchmarks will be available with all libraries, for example OpenSSL 3.3
+does not support ML-KEM.
+
+```
+~/aws-lc-benchmark/aws-lc-main-src/tool/bssl speed -filter P-256
+~/aws-lc-benchmark/aws-lc-main-src/tool/aws-lc-fips-2022 -filter P-256
+~/aws-lc-benchmark/aws-lc-main-src/tool/openssl-3-3 -filter P-256
+```
 
 ### Expected Directory Structure
 Additionally, the benchmarking tools expects specific directory structures for the provided install locations for each