\newcommand\height{2.2}
\newcommand\dista{1.2}

\draw (0, \height/2) coordinate (vip) to [short,o-] ++ (0.5,0);
\draw (0,-\height/2) coordinate (vin) to [short,o-] ++ (0.5,0);

\path [voltarrow] (vip) edge node [midway,left,inner sep=2pt] 
  {$\underline{V}_{\mathrm{I}}$} (vin);

\draw (3.25,\height/2)      coordinate (r1p)
  to [short,-] ++ (-2.25,0) coordinate (gm1p)
  to [ american controlled current source
     , name=gm1
     , l=$g_{\mathrm{m1}} \cdot \underline{V}_{\mathrm{I}}$
     ] ++ (0,-\height) coordinate (gm1n)
  to [short,-] (gm1n-|r1p) coordinate (r1n)
  to [ R
     , name=r1
     , l_=$R_{\mathrm{1}}$
     , *-*
     ] (r1p);

\draw (r1p) to [short,-*] ++ (\dista,0)  coordinate (c1p)
            to [ C
               , name=c1
               , l=$C_{\mathrm{1}}$
               , *-*
               ] (c1p|-r1n) coordinate (c1n)
            to [short,-] (r1n);

\draw (c1p) to [short,-o] ++ (\dista,0) coordinate (v1p);
\draw (c1n) to [short,-o]    (v1p|-c1n) coordinate (v1n);

\path [voltarrow] (v1p) edge node [midway,right,inner sep=2pt] 
  {$\underline{V}_{\mathrm{X}}$} (v1n);

\draw (v1n) to [short,o-*] ++ (3.5,0) coordinate (gm2n)
  to [ american controlled current source
     , name=gm2
     , invert
     , l_=$g_{\mathrm{m2}} \cdot \underline{V}_{\mathrm{X}}$
     ] ++ (0,\height) coordinate (gm2p)
  to [short,-] ++ (2.25,0) coordinate (r2p)
  to [ R
     , name=r2
     , l=$R_{\mathrm{2}}$
     , *-*
     ] (r2p|-gm2n) coordinate (r2n)
  to [short,-] (gm2n);

\draw (r2p) to [short,-*] ++ (\dista,0)  coordinate (c2p)
            to [ C
               , name=c2
               , l=$C_{\mathrm{2}}$
               , *-*
               ] (c2p|-r2n) coordinate (c2n)
            to [short,-] (r2n);

\draw (c2p) to [short,-o] ++ (\dista,0)  coordinate (v2p);
\draw (c2n) to [short,-o] (v2p|-c2n)  coordinate (v2n);

\path [voltarrow] (v2p) edge node [midway,right,inner sep=2pt] 
  {$\underline{V}_{\mathrm{O}}$} (v2n);

\draw (v1p) to [R,o-, l=$R_{\mathrm{M}}$] ++ (1.8 ,0) coordinate (m)
            to [C,-*, l=$C_{\mathrm{M}}$] (gm2p);