ADV · Advantage Solutions Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $3.54B | $3.57B | $4.22B | $4.05B | $3.60B | $3.16B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $276.06M | $324.60M | $265.09M | $190.37M | $168.09M | $306.28M |
| Total Operating Expenses | $3.67B | $3.86B | $4.15B | $5.49B | $3.37B | $3.09B |
| D&A | $202.26M | $204.55M | $224.70M | $233.07M | $240.04M | $238.60M |
| Operating Income | ($126.47M) | ($294.98M) | $76.19M | ($1.44B) | $230.05M | $67.01M |
| Interest Expense | $138.94M | $146.79M | $165.80M | $104.46M | $137.93M | $234.04M |
| Income Tax | ($37.58M) | ($62.79M) | ($29.01M) | ($145.34M) | $33.62M | ($5.33M) |
| Net Income | ($227.74M) | ($326.96M) | ($63.26M) | ($1.38B) | $54.49M | ($162.44M) |
| EPS - Basic | - | - | ($5.00) | ($108.25) | ($19.75) | - |
| EPS - Diluted | - | - | ($5.00) | ($108.25) | ($19.75) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $240.85M | $205.23M | $126.48M | $120.72M | $164.62M | $141.59M |
| Accounts Receivable | $595.00M | $603.07M | $703.25M | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $162.38M | $158.49M | $181.08M | $261.46M | $277.37M | $179.41M |
| Current Assets | $972.62M | $910.74M | $1.01B | $1.16B | $1.10B | $899.75M |
| Total Assets | $2.79B | $3.11B | $3.78B | $4.26B | $5.85B | $5.78B |
| Current Liabilities | $432.63M | $460.06M | $541.30M | $600.70M | $645.52M | $574.99M |
| Long-term Debt | $1.66B | $1.69B | $1.85B | $2.02B | $2.03B | $3.17B |
| Total Liabilities | $2.24B | $2.36B | $2.68B | $3.03B | $3.27B | $3.24B |
| Stockholders' Equity | $553.96M | $748.74M | $1.11B | $1.12B | $2.48B | $1.67B |
| Retained Earnings | ($2.87B) | ($2.64B) | ($2.31B) | ($2.25B) | ($866.61M) | ($907.74M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $61.53M | $93.09M | $239.00M | $121.26M | $125.99M | $345.73M |
| Investing Cash Flow | $3.84M | $206.45M | ($55.22M) | ($113.54M) | ($75.84M) | ($99.00M) |
| Financing Cash Flow | ($36.21M) | ($211.42M) | ($181.34M) | ($41.64M) | ($86.30M) | ($230.15M) |
| CapEx | $6.48M | $7.84M | $46.27M | $40.45M | $31.18M | $30.95M |
| Free Cash Flow | $55.05M | $85.26M | $192.72M | $80.80M | $94.82M | $314.78M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | -3.6% | -8.3% | 1.8% | -35.5% | 6.4% | 2.1% |
| EBITDA margin | 2.1% | -2.5% | 7.1% | -29.8% | 13.0% | 9.7% |
| Net margin | -6.4% | -9.2% | -1.5% | -34.1% | 1.5% | -5.1% |
| Free cash flow margin | 1.6% | 2.4% | 4.6% | 2.0% | 2.6% | 10.0% |
| FCF / Net income | -0.24 | -0.26 | -3.05 | -0.06 | 1.74 | -1.94 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 7.8% | 9.1% | 6.3% | 4.7% | 4.7% | 9.7% |
| Effective tax rate | - | - | - | - | 38.2% | - |
| Return on assets | -8.2% | -10.5% | -1.7% | -32.4% | 0.9% | -2.8% |
| Return on equity | -41.1% | -43.7% | -5.7% | -122.8% | 2.2% | -9.7% |
| Return on invested capital | -4.5% | -9.6% | 2.0% | -36.1% | 3.2% | 1.1% |
| Liquidity | ||||||
| Current ratio | 2.25 | 1.98 | 1.87 | 1.93 | 1.71 | 1.56 |
| Quick ratio | 2.25 | 1.98 | 1.87 | 1.93 | 1.71 | 1.56 |
| Cash ratio | 0.56 | 0.45 | 0.23 | 0.20 | 0.26 | 0.25 |
| Leverage | ||||||
| Debt / Equity | 3.00 | 2.25 | 1.68 | 1.80 | 0.82 | 1.90 |
| Debt / Assets | 0.59 | 0.54 | 0.49 | 0.47 | 0.35 | 0.55 |
| Debt / EBITDA | 21.91 | - | 6.16 | - | 4.32 | 10.38 |
| Interest coverage | -0.9x | -2.0x | 0.5x | -13.8x | 1.7x | 0.3x |
| Equity multiplier | 5.04 | 4.15 | 3.42 | 3.79 | 2.36 | 3.46 |
| Liabilities / Assets | 0.80 | 0.76 | 0.71 | 0.71 | 0.56 | 0.56 |
| Efficiency | ||||||
| Asset turnover | 1.27 | 1.15 | 1.12 | 0.95 | 0.62 | 0.55 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 61d | 62d | 61d | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | 12.9x | 31.3x | 26.5x | 14.7x | 18.0x | - |
| P / S | 2.0x | 6.6x | 6.9x | 4.1x | 12.4x | - |
| EV / EBITDA | 112.9x | - | 103.1x | - | 99.2x | - |
| Growth | ||||||
| Revenue growth (YoY) | -0.7% | -15.6% | 4.3% | 12.4% | 14.2% | - |
| Revenue CAGR (3y) | -4.4% | -0.3% | 10.2% | - | - | - |
| Revenue CAGR (5y) | 2.3% | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 57.1% | - | - | - | 243.3% | - |
| Net income growth (YoY) | 30.3% | -416.9% | 95.4% | - | - | - |
| EPS growth (YoY) | - | - | 95.4% | -448.1% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -35.4% | -55.8% | 138.5% | -14.8% | -69.9% | - |
| FCF CAGR (5y) | -29.4% | - | - | - | - | - |
| Book value growth (YoY) | -26.0% | -32.3% | -1.7% | -54.7% | 48.8% | 33286.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$2.11B totalRetail Merchandising Services$693.37M · 32.9%
Branded Merchandising Services$462.24M · 21.9%
Brokerage Services$362.54M · 17.2%
Omni Commerce Marketing Services$338.89M · 16.1%
Advisory Services$187.00M · 8.9%
Agency Services$63.30M · 3.0%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
0.50
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✗Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Business Services, NEC
Comparing Advantage Solutions Inc. against the 5 most active filers in the same SIC group.