Advantage Solutions Inc. (ADV) 10-Year Financial Performance & Capital Metrics

ADV • • Industrial / General

Communication ServicesAdvertising & MarketingFull-Service Advertising AgenciesRegional & Specialized Agencies

AboutAdvantage Solutions Inc. provides outsourced solutions to consumer goods companies and retailers in North America and internationally. It operates in two segments, Sales and Marketing. The Sales segment offers brand-centric services, such as headquarter relationship management; analytics, insights, and intelligence; administration; and brand-centric merchandising services. This segment also provides retailer-centric services comprising retailer-centric merchandising, in-store media, and digital commerce. The Marketing segment offers brand-centric services, including shopper and consumer marketing, and brand experiential services; and retailer-centric services, such as retail experiential, private label, digital marketing, and digital media and advertising. The company was formerly known as Karman Holding Corp. and changed its name to Advantage Solutions Inc. in March 2016. Advantage Solutions Inc. was founded in 1987 and is headquartered in Irvine, California.Show more

Revenue $3.57B -8.6%
EBITDA -$90M -135.4%
Net Income -$327M -416.3%
EPS (Diluted) -1.02 -410.0%
Gross Margin 14.22% +14.4%
EBITDA Margin -2.54% -138.7%
Operating Margin -8.27% -792.4%
Net Margin -9.17% -464.7%
ROE -35.29% -550.3%
ROIC -8.55% -848.4%
Debt/Equity 2.32 +34.2%
Interest Coverage -2.01 -814.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.4x book value
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗High debt to equity ratio of 2.3x
✗Weak momentum: RS Rating 7 (bottom 7%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-1.18%

3Y-0.33%

TTM-6.69%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-85.48%

EPS CAGR

10Y-

5Y-

3Y-

TTM-30.17%

ROCE

10Y Avg-4.98%

5Y Avg-7.34%

3Y Avg-14.12%

Latest-10.03%

Peer Comparison

Regional & Specialized Agencies

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
STGWStagwell Inc.	1.57B	6.22	318.97	12.43%	0.68%	2.53%	5.67%	2.11
HHSHarte Hanks, Inc.	22.54M	3.04	-0.73	-3.26%	-3.26%	-27.4%		1.13
ADVAdvantage Solutions Inc.	267.22M	0.82	-0.80	-8.56%	-6.96%	-34.42%	14.13%	2.32
ABLVAble View Inc.	18.14M	0.74	-4.11	-13.47%	-5.75%	-104.63%		1.57

Profit & Loss

	Dec 2015	Dec 2016	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.9B	2.1B	3.71B	3.79B	3.16B	3.6B	3.65B	3.9B	3.57B
Revenue Growth %	-	0.11%	0.77%	0.02%	-0.17%	0.14%	0.01%	0.07%	-0.09%
Cost of Goods Sold+	1.45B	1.61B	3.11B	3.16B	2.55B	2.96B	3.17B	3.42B	3.06B
COGS % of Revenue	0.77%	0.77%	0.84%	0.84%	0.81%	0.82%	0.87%	0.88%	0.86%
Gross Profit+	440.79M	488.95M	598.98M	621.62M	604.19M	638.17M	472.85M	485.08M	507.27M
Gross Margin %	0.23%	0.23%	0.16%	0.16%	0.19%	0.18%	0.13%	0.12%	0.14%
Gross Profit Growth %	-	0.11%	0.23%	0.04%	-0.03%	0.06%	-0.26%	0.03%	0.05%
Operating Expenses+	236.81M	267.8M	377.73M	407.95M	537.18M	408.13M	1.97B	438.49M	802.25M
OpEx % of Revenue	0.12%	0.13%	0.1%	0.11%	0.17%	0.11%	0.54%	0.11%	0.22%
Selling, General & Admin	72.22M	97.54M	152.49M	175.37M	306.28M	168.09M	175.36M	250.24M	324.6M
SG&A % of Revenue	0.04%	0.05%	0.04%	0.05%	0.1%	0.05%	0.05%	0.06%	0.09%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	164.58M	170.26M	225.23M	232.57M	230.9M	240.04M	1.79B	188.25M	477.66M
Operating Income+	203.98M	221.15M	-1.09B	213.67M	67.01M	230.05M	-1.49B	46.59M	-294.98M
Operating Margin %	0.11%	0.11%	-0.29%	0.06%	0.02%	0.06%	-0.41%	0.01%	-0.08%
Operating Income Growth %	-	0.08%	-5.93%	1.2%	-0.69%	2.43%	-7.49%	1.03%	-7.33%
EBITDA+	368.57M	391.41M	-864.68M	446.25M	305.6M	470.09M	-1.28B	255.44M	-90.43M
EBITDA Margin %	0.19%	0.19%	-0.23%	0.12%	0.1%	0.13%	-0.35%	0.07%	-0.03%
EBITDA Growth %	-	0.06%	-3.21%	1.52%	-0.32%	0.54%	-3.72%	1.2%	-1.35%
D&A (Non-Cash Add-back)	164.58M	170.26M	225.23M	232.57M	238.6M	240.04M	216.05M	208.86M	204.55M
EBIT	203.98M	221.15M	-1.09B	213.67M	53.64M	229.09M	-1.47B	46.88M	-294.4M
Net Interest Income+	-160.9M	-167.36M	-229.64M	-232.08M	-234.04M	-137.93M	-104.39M	-165.73M	-146.79M
Interest Income	0	0	0	0	0	0	0	0	0
Interest Expense	160.9M	167.36M	229.64M	232.08M	234.04M	137.93M	104.39M	165.73M	146.79M
Other Income/Expense	-160.9M	-167.36M	-1.57B	-232.08M	-247.41M	-138.88M	-83.15M	-165.45M	-146.21M
Pretax Income+	43.09M	53.79M	-1.32B	-18.4M	-180.4M	91.17M	-1.58B	-118.86M	-441.19M
Pretax Margin %	0.02%	0.03%	-0.36%	-0%	-0.06%	0.03%	-0.43%	-0.03%	-0.12%
Income Tax+	18.2M	22.62M	-168.33M	1.35M	-5.33M	33.62M	-158.44M	-37.65M	-62.79M
Effective Tax Rate %	0.57%	0.6%	0.88%	1.15%	0.97%	0.6%	0.88%	0.53%	0.74%
Net Income+	24.59M	32.15M	-1.16B	-21.17M	-175.81M	54.49M	-1.38B	-63.32M	-326.96M
Net Margin %	0.01%	0.02%	-0.31%	-0.01%	-0.06%	0.02%	-0.38%	-0.02%	-0.09%
Net Income Growth %	-	0.31%	-37%	0.98%	-7.3%	1.31%	-26.33%	0.95%	-4.16%
Net Income (Continuing)	24.89M	31.16M	-1.15B	-19.76M	-175.07M	57.55M	-1.42B	-81.21M	-378.4M
Discontinued Operations	0	0	0	0	0	0	41.35M	20.83M	53.63M
Minority Interest	27.24M	36.2M	76.85M	92.01M	96.95M	98.98M	105.49M	-1.28M	0
EPS (Diluted)+	0.12	0.16	-5.68	-0.10	-0.79	0.17	-4.33	-0.20	-1.02
EPS Growth %	-	0.33%	-36.5%	0.98%	-7.14%	1.22%	-26.47%	0.95%	-4.1%
EPS (Basic)	0.12	0.16	-5.68	-0.10	-0.79	0.17	-4.33	-0.20	-1.02
Diluted Shares Outstanding	203.75M	203.75M	203.75M	203.75M	223.23M	321M	318.68M	323.68M	321.52M
Basic Shares Outstanding	203.75M	203.75M	203.75M	203.75M	223.23M	318.2M	318.68M	323.68M	321.52M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	448.59M	489.92M	870.14M	952.49M	899.75M	1.1B	1.16B	1.01B	910.74M
Cash & Short-Term Investments	70.56M	40.27M	141.59M	184.22M	204.3M	164.62M	120.72M	120.84M	205.23M
Cash Only	70.56M	40.27M	141.59M	184.22M	204.3M	164.62M	120.72M	120.84M	205.23M
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	344.39M	419.88M	643.8M	694.98M	584.27M	804.23M	882.99M	670.58M	639.35M
Days Sales Outstanding	66.33	72.97	63.38	67.02	67.58	81.49	88.39	62.76	65.43
Inventory	4.46M	3.32M	16.5M	25.16M	44.19M	70.7M	78.27M	29.73M	8.06M
Days Inventory Outstanding	1.12	0.75	1.94	2.9	6.32	8.71	9	3.18	0.96
Other Current Assets	11.08M	8.76M	68.25M	22.99M	35.21M	18.63M	28.48M	145.94M	18.63M
Total Non-Current Assets+	5.44B	5.46B	5.12B	5.06B	4.88B	4.75B	3.11B	2.77B	2.2B
Property, Plant & Equipment	65.54M	71.87M	108.12M	208.61M	129.79M	111.18M	132.64M	98.55M	123.69M
Fixed Asset Turnover	28.91x	29.22x	34.29x	18.14x	24.31x	32.40x	27.49x	39.58x	28.83x
Goodwill	2B	2.08B	2.11B	2.12B	2.16B	2.21B	887.95M	710.19M	477.02M
Intangible Assets	3.29B	3.21B	2.78B	2.6B	2.45B	2.29B	1.9B	1.55B	1.33B
Long-Term Investments	83.21M	84.72M	106.31M	111.66M	115.62M	125.16M	129.49M	210.83M	226.51M
Other Non-Current Assets	6.86M	6.13M	25.64M	22.62M	16.19M	1.06M	57.78M	195.89M	35.98M
Total Assets+	5.89B	5.95B	5.99B	6.01B	5.78B	5.85B	4.26B	3.78B	3.11B
Asset Turnover	0.32x	0.35x	0.62x	0.63x	0.55x	0.62x	0.86x	1.03x	1.15x
Asset Growth %	-	0.01%	0.01%	0%	-0.04%	0.01%	-0.27%	-0.11%	-0.18%
Total Current Liabilities+	278.57M	323.63M	468.86M	518.13M	574.99M	645.52M	600.7M	541.3M	460.06M
Accounts Payable	70.77M	94.62M	157.47M	179.41M	171.45M	253.37M	261.46M	172.89M	158.49M
Days Payables Outstanding	17.76	21.43	18.49	20.7	24.53	31.2	30.07	18.48	18.91
Short-Term Debt	23.42M	41.05M	30.05M	37.04M	67.79M	14.4M	13.99M	13.27M	13.25M
Deferred Revenue (Current)	1000K	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	13.21M	12.36M	281.34M	10.94M	50.91M	154.2M	13.34M	44.29M	26.3M
Current Ratio	1.61x	1.51x	1.86x	1.84x	1.56x	1.71x	1.93x	1.87x	1.98x
Quick Ratio	1.59x	1.50x	1.82x	1.79x	1.49x	1.60x	1.80x	1.81x	1.96x
Cash Conversion Cycle	49.69	52.29	46.83	49.22	49.37	58.99	67.32	47.46	47.49
Total Non-Current Liabilities+	3.9B	3.89B	3.86B	3.82B	2.68B	2.63B	2.43B	2.13B	1.9B
Long-Term Debt	2.66B	2.65B	3.18B	3.17B	2.03B	2.03B	2.02B	1.85B	1.69B
Capital Lease Obligations	1.78M	3.12M	0	84.9M	44.74M	40.44M	56.37M	33.97M	24.65M
Deferred Tax Liabilities	1.19B	1.16B	0	506.36M	491.24M	483.17M	297.87M	204.14M	146.89M
Other Non-Current Liabilities	22.54M	76.78M	674.13M	61.4M	118.41M	73.96M	55.14M	47.73M	39.49M
Total Liabilities	4.18B	4.21B	4.33B	4.34B	3.26B	3.27B	3.03B	2.68B	2.36B
Total Debt+	2.69B	2.7B	3.21B	3.33B	2.16B	2.1B	2.11B	1.91B	1.74B
Net Debt	2.62B	2.66B	3.07B	3.14B	1.96B	1.94B	1.99B	1.79B	1.53B
Debt / Equity	1.57x	1.55x	1.92x	1.99x	0.86x	0.81x	1.72x	1.73x	2.32x
Debt / EBITDA	7.29x	6.89x	-	7.46x	7.08x	4.48x	-	7.48x	-
Net Debt / EBITDA	7.10x	6.78x	-	7.05x	6.41x	4.13x	-	7.00x	-
Interest Coverage	1.27x	1.32x	-4.75x	0.92x	0.29x	1.67x	-14.31x	0.28x	-2.01x
Total Equity+	1.71B	1.74B	1.67B	1.67B	2.52B	2.58B	1.23B	1.1B	748.74M
Equity Growth %	-	0.02%	-0.04%	0%	0.51%	0.03%	-0.52%	-0.1%	-0.32%
Book Value per Share	8.39	8.53	8.19	8.20	11.28	8.04	3.86	3.41	2.33
Total Shareholders' Equity	1.68B	1.7B	1.59B	1.58B	2.42B	2.48B	1.12B	1.11B	748.74M
Common Stock	0	0	0	20K	32K	32K	32K	32K	32K
Retained Earnings	14.65M	46.8M	-724.12M	-745.29M	-921.1M	-866.61M	-2.25B	-2.31B	-2.64B
Treasury Stock	0	0	0	0	0	-12.57M	-12.57M	-18.95M	-53.02M
Accumulated OCI	-5.61M	-12.48M	-19.7M	-8.15M	674K	-4.48M	-18.85M	-3.94M	-15.86M
Minority Interest	27.24M	36.2M	76.85M	92.01M	96.95M	98.98M	105.49M	-1.28M	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	116.94M	164.41M	126.35M	151.34M	345.73M	125.99M	104.7M	228.49M	93.09M
Operating CF Margin %	0.06%	0.08%	0.03%	0.04%	0.11%	0.03%	0.03%	0.06%	0.03%
Operating CF Growth %	-	0.41%	-0.23%	0.2%	1.28%	-0.64%	-0.17%	1.18%	-0.59%
Net Income	24.89M	31.16M	-1.15B	-19.76M	-175.07M	57.55M	-1.42B	-81.21M	-378.4M
Depreciation & Amortization	164.58M	170.26M	225.23M	232.57M	238.6M	240.04M	216.05M	208.86M	204.55M
Stock-Based Compensation	3.19M	3.18M	-7.88M	1.31M	89.77M	24.38M	28.17M	36.41M	723K
Deferred Taxes	-37.5M	-36.66M	-213.62M	-68.06M	-14.36M	-10.01M	-190.75M	-80.42M	-57.31M
Other Non-Cash Items	-17.98M	20.9M	1.28B	21.93M	73.2M	7.55M	1.52B	-12.72M	313.71M
Working Capital Changes	-20.24M	-24.45M	-8.07M	-16.66M	133.59M	-193.52M	-47.73M	157.57M	9.82M
Change in Receivables	-28.11M	-54.68M	73.69M	-33.29M	116.11M	-215.5M	-85.74M	38.9M	51.15M
Change in Inventory	3.21M	-917K	-77.15M	0	0	0	0	0	0
Change in Payables	8.3M	18.51M	-14.36M	21.64M	10.88M	46M	-14.16M	-23.07M	-12.92M
Cash from Investing+	-240.97M	-148.98M	-231.44M	-61.81M	-99M	-75.84M	-106.1M	-50.52M	206.45M
Capital Expenditures	-32.33M	-34.76M	-47.16M	-52.42M	-30.95M	-31.18M	-12.35M	-20.69M	-7.84M
CapEx % of Revenue	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0%	0.01%	0%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	1.69M	1.29M	1.73M	0	0	0	-20.66M	-20.87M	-47.5M
Cash from Financing+	112.3M	-42.62M	70.14M	-38.21M	-230.15M	-86.3M	-31.38M	-178.4M	-211.42M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	-11.03M	-39.26M	-48.03M	-12.77M	-79.44M	-14.09M	-20.53M	-4.84M	-19.39M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	84.62M	129.65M	79.19M	98.92M	314.78M	94.82M	71.69M	186.93M	37.76M
FCF Margin %	0.04%	0.06%	0.02%	0.03%	0.1%	0.03%	0.02%	0.05%	0.01%
FCF Growth %	-	0.53%	-0.39%	0.25%	2.18%	-0.7%	-0.24%	1.61%	-0.8%
FCF per Share	0.42	0.64	0.39	0.49	1.41	0.30	0.22	0.58	0.12
FCF Conversion (FCF/Net Income)	4.76x	5.11x	-0.11x	-7.15x	-1.97x	2.31x	-0.08x	-3.61x	-0.28x
Interest Paid	146.45M	197.18M	228.23M	210.21M	151.03M	137.47M	126.56M	174.77M	163.2M
Taxes Paid	53.07M	54.17M	70.25M	59.47M	18.26M	40.19M	45.73M	39.01M	31.27M

Key Ratios

Metric	2015	2016	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	1.44%	1.86%	-67.93%	-1.27%	-8.39%	2.14%	-72.43%	-5.43%	-35.29%
Return on Invested Capital (ROIC)	3.54%	3.8%	-17.9%	3.35%	1.08%	3.83%	-28.93%	1.14%	-8.55%
Gross Margin	23.26%	23.28%	16.16%	16.42%	19.15%	17.72%	12.97%	12.44%	14.22%
Net Margin	1.3%	1.53%	-31.21%	-0.56%	-5.57%	1.51%	-37.86%	-1.62%	-9.17%
Debt / Equity	1.57x	1.55x	1.92x	1.99x	0.86x	0.81x	1.72x	1.73x	2.32x
Interest Coverage	1.27x	1.32x	-4.75x	0.92x	0.29x	1.67x	-14.31x	0.28x	-2.01x
FCF Conversion	4.76x	5.11x	-0.11x	-7.15x	-1.97x	2.31x	-0.08x	-3.61x	-0.28x
Revenue Growth	-	10.83%	76.53%	2.09%	-16.63%	14.15%	1.22%	6.96%	-8.56%

Revenue by Segment

	2020	2021	2022	2023	2024
Branded Services	-	-	-	-	1.31B
Branded Services Growth	-	-	-	-	-
Experiential Services	-	-	-	-	1.3B
Experiential Services Growth	-	-	-	-	-
Retailer Services	-	-	-	-	964.96M
Retailer Services Growth	-	-	-	-	-
Sales Revenues	856.35M	1.03B	2.51B	2.45B	-
Sales Revenues Growth	-	20.42%	143.11%	-2.47%	-
Marketing Revenues	1.1B	1.28B	1.54B	1.78B	-
Marketing Revenues Growth	-	16.74%	20.67%	15.37%	-

Revenue by Geography

	2020	2021	2022	2023	2024
North America	2.79B	3.15B	3.56B	3.69B	3.41B
North America Growth	-	12.99%	12.95%	3.71%	-7.62%
Asia Pacific	-	-	-	-	145.57M
Asia Pacific Growth	-	-	-	-	-
Europe	-	-	-	-	7.8M
Europe Growth	-	-	-	-	-
International	-	-	487.57M	530.38M	-
International Growth	-	-	-	8.78%	-

Frequently Asked Questions

Growth & Financials

Advantage Solutions Inc. (ADV) reported $3.50B in revenue for fiscal year 2024. This represents a 85% increase from $1.90B in 2015.

Advantage Solutions Inc. (ADV) saw revenue decline by 8.6% over the past year.

Advantage Solutions Inc. (ADV) reported a net loss of $243.9M for fiscal year 2024.

Dividend & Returns

Advantage Solutions Inc. (ADV) has a return on equity (ROE) of -35.3%. Negative ROE indicates the company is unprofitable.

Advantage Solutions Inc. (ADV) had negative free cash flow of $9.1M in fiscal year 2024, likely due to heavy capital investments.

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Advantage Solutions Inc. (ADV) 10-Year Financial Performance & Capital Metrics

ADV • • Industrial / General

Communication ServicesAdvertising & MarketingFull-Service Advertising AgenciesRegional & Specialized Agencies

Revenue $3.57B -8.6%
EBITDA -$90M -135.4%
Net Income -$327M -416.3%
EPS (Diluted) -1.02 -410.0%
Gross Margin 14.22% +14.4%
EBITDA Margin -2.54% -138.7%
Operating Margin -8.27% -792.4%
Net Margin -9.17% -464.7%
ROE -35.29% -550.3%
ROIC -8.55% -848.4%
Debt/Equity 2.32 +34.2%
Interest Coverage -2.01 -814.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.4x book value
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗High debt to equity ratio of 2.3x
✗Weak momentum: RS Rating 7 (bottom 7%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-1.18%

3Y-0.33%

TTM-6.69%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-85.48%

EPS CAGR

10Y-

5Y-

3Y-

TTM-30.17%

ROCE

10Y Avg-4.98%

5Y Avg-7.34%

3Y Avg-14.12%

Latest-10.03%

Peer Comparison

Regional & Specialized Agencies

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
STGWStagwell Inc.	1.57B	6.22	318.97	12.43%	0.68%	2.53%	5.67%	2.11
HHSHarte Hanks, Inc.	22.54M	3.04	-0.73	-3.26%	-3.26%	-27.4%		1.13
ADVAdvantage Solutions Inc.	267.22M	0.82	-0.80	-8.56%	-6.96%	-34.42%	14.13%	2.32
ABLVAble View Inc.	18.14M	0.74	-4.11	-13.47%	-5.75%	-104.63%		1.57

Profit & Loss

	Dec 2015	Dec 2016	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.9B	2.1B	3.71B	3.79B	3.16B	3.6B	3.65B	3.9B	3.57B
Revenue Growth %	-	0.11%	0.77%	0.02%	-0.17%	0.14%	0.01%	0.07%	-0.09%
Cost of Goods Sold+	1.45B	1.61B	3.11B	3.16B	2.55B	2.96B	3.17B	3.42B	3.06B
COGS % of Revenue	0.77%	0.77%	0.84%	0.84%	0.81%	0.82%	0.87%	0.88%	0.86%
Gross Profit+	440.79M	488.95M	598.98M	621.62M	604.19M	638.17M	472.85M	485.08M	507.27M
Gross Margin %	0.23%	0.23%	0.16%	0.16%	0.19%	0.18%	0.13%	0.12%	0.14%
Gross Profit Growth %	-	0.11%	0.23%	0.04%	-0.03%	0.06%	-0.26%	0.03%	0.05%
Operating Expenses+	236.81M	267.8M	377.73M	407.95M	537.18M	408.13M	1.97B	438.49M	802.25M
OpEx % of Revenue	0.12%	0.13%	0.1%	0.11%	0.17%	0.11%	0.54%	0.11%	0.22%
Selling, General & Admin	72.22M	97.54M	152.49M	175.37M	306.28M	168.09M	175.36M	250.24M	324.6M
SG&A % of Revenue	0.04%	0.05%	0.04%	0.05%	0.1%	0.05%	0.05%	0.06%	0.09%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	164.58M	170.26M	225.23M	232.57M	230.9M	240.04M	1.79B	188.25M	477.66M
Operating Income+	203.98M	221.15M	-1.09B	213.67M	67.01M	230.05M	-1.49B	46.59M	-294.98M
Operating Margin %	0.11%	0.11%	-0.29%	0.06%	0.02%	0.06%	-0.41%	0.01%	-0.08%
Operating Income Growth %	-	0.08%	-5.93%	1.2%	-0.69%	2.43%	-7.49%	1.03%	-7.33%
EBITDA+	368.57M	391.41M	-864.68M	446.25M	305.6M	470.09M	-1.28B	255.44M	-90.43M
EBITDA Margin %	0.19%	0.19%	-0.23%	0.12%	0.1%	0.13%	-0.35%	0.07%	-0.03%
EBITDA Growth %	-	0.06%	-3.21%	1.52%	-0.32%	0.54%	-3.72%	1.2%	-1.35%
D&A (Non-Cash Add-back)	164.58M	170.26M	225.23M	232.57M	238.6M	240.04M	216.05M	208.86M	204.55M
EBIT	203.98M	221.15M	-1.09B	213.67M	53.64M	229.09M	-1.47B	46.88M	-294.4M
Net Interest Income+	-160.9M	-167.36M	-229.64M	-232.08M	-234.04M	-137.93M	-104.39M	-165.73M	-146.79M
Interest Income	0	0	0	0	0	0	0	0	0
Interest Expense	160.9M	167.36M	229.64M	232.08M	234.04M	137.93M	104.39M	165.73M	146.79M
Other Income/Expense	-160.9M	-167.36M	-1.57B	-232.08M	-247.41M	-138.88M	-83.15M	-165.45M	-146.21M
Pretax Income+	43.09M	53.79M	-1.32B	-18.4M	-180.4M	91.17M	-1.58B	-118.86M	-441.19M
Pretax Margin %	0.02%	0.03%	-0.36%	-0%	-0.06%	0.03%	-0.43%	-0.03%	-0.12%
Income Tax+	18.2M	22.62M	-168.33M	1.35M	-5.33M	33.62M	-158.44M	-37.65M	-62.79M
Effective Tax Rate %	0.57%	0.6%	0.88%	1.15%	0.97%	0.6%	0.88%	0.53%	0.74%
Net Income+	24.59M	32.15M	-1.16B	-21.17M	-175.81M	54.49M	-1.38B	-63.32M	-326.96M
Net Margin %	0.01%	0.02%	-0.31%	-0.01%	-0.06%	0.02%	-0.38%	-0.02%	-0.09%
Net Income Growth %	-	0.31%	-37%	0.98%	-7.3%	1.31%	-26.33%	0.95%	-4.16%
Net Income (Continuing)	24.89M	31.16M	-1.15B	-19.76M	-175.07M	57.55M	-1.42B	-81.21M	-378.4M
Discontinued Operations	0	0	0	0	0	0	41.35M	20.83M	53.63M
Minority Interest	27.24M	36.2M	76.85M	92.01M	96.95M	98.98M	105.49M	-1.28M	0
EPS (Diluted)+	0.12	0.16	-5.68	-0.10	-0.79	0.17	-4.33	-0.20	-1.02
EPS Growth %	-	0.33%	-36.5%	0.98%	-7.14%	1.22%	-26.47%	0.95%	-4.1%
EPS (Basic)	0.12	0.16	-5.68	-0.10	-0.79	0.17	-4.33	-0.20	-1.02
Diluted Shares Outstanding	203.75M	203.75M	203.75M	203.75M	223.23M	321M	318.68M	323.68M	321.52M
Basic Shares Outstanding	203.75M	203.75M	203.75M	203.75M	223.23M	318.2M	318.68M	323.68M	321.52M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	448.59M	489.92M	870.14M	952.49M	899.75M	1.1B	1.16B	1.01B	910.74M
Cash & Short-Term Investments	70.56M	40.27M	141.59M	184.22M	204.3M	164.62M	120.72M	120.84M	205.23M
Cash Only	70.56M	40.27M	141.59M	184.22M	204.3M	164.62M	120.72M	120.84M	205.23M
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	344.39M	419.88M	643.8M	694.98M	584.27M	804.23M	882.99M	670.58M	639.35M
Days Sales Outstanding	66.33	72.97	63.38	67.02	67.58	81.49	88.39	62.76	65.43
Inventory	4.46M	3.32M	16.5M	25.16M	44.19M	70.7M	78.27M	29.73M	8.06M
Days Inventory Outstanding	1.12	0.75	1.94	2.9	6.32	8.71	9	3.18	0.96
Other Current Assets	11.08M	8.76M	68.25M	22.99M	35.21M	18.63M	28.48M	145.94M	18.63M
Total Non-Current Assets+	5.44B	5.46B	5.12B	5.06B	4.88B	4.75B	3.11B	2.77B	2.2B
Property, Plant & Equipment	65.54M	71.87M	108.12M	208.61M	129.79M	111.18M	132.64M	98.55M	123.69M
Fixed Asset Turnover	28.91x	29.22x	34.29x	18.14x	24.31x	32.40x	27.49x	39.58x	28.83x
Goodwill	2B	2.08B	2.11B	2.12B	2.16B	2.21B	887.95M	710.19M	477.02M
Intangible Assets	3.29B	3.21B	2.78B	2.6B	2.45B	2.29B	1.9B	1.55B	1.33B
Long-Term Investments	83.21M	84.72M	106.31M	111.66M	115.62M	125.16M	129.49M	210.83M	226.51M
Other Non-Current Assets	6.86M	6.13M	25.64M	22.62M	16.19M	1.06M	57.78M	195.89M	35.98M
Total Assets+	5.89B	5.95B	5.99B	6.01B	5.78B	5.85B	4.26B	3.78B	3.11B
Asset Turnover	0.32x	0.35x	0.62x	0.63x	0.55x	0.62x	0.86x	1.03x	1.15x
Asset Growth %	-	0.01%	0.01%	0%	-0.04%	0.01%	-0.27%	-0.11%	-0.18%
Total Current Liabilities+	278.57M	323.63M	468.86M	518.13M	574.99M	645.52M	600.7M	541.3M	460.06M
Accounts Payable	70.77M	94.62M	157.47M	179.41M	171.45M	253.37M	261.46M	172.89M	158.49M
Days Payables Outstanding	17.76	21.43	18.49	20.7	24.53	31.2	30.07	18.48	18.91
Short-Term Debt	23.42M	41.05M	30.05M	37.04M	67.79M	14.4M	13.99M	13.27M	13.25M
Deferred Revenue (Current)	1000K	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	13.21M	12.36M	281.34M	10.94M	50.91M	154.2M	13.34M	44.29M	26.3M
Current Ratio	1.61x	1.51x	1.86x	1.84x	1.56x	1.71x	1.93x	1.87x	1.98x
Quick Ratio	1.59x	1.50x	1.82x	1.79x	1.49x	1.60x	1.80x	1.81x	1.96x
Cash Conversion Cycle	49.69	52.29	46.83	49.22	49.37	58.99	67.32	47.46	47.49
Total Non-Current Liabilities+	3.9B	3.89B	3.86B	3.82B	2.68B	2.63B	2.43B	2.13B	1.9B
Long-Term Debt	2.66B	2.65B	3.18B	3.17B	2.03B	2.03B	2.02B	1.85B	1.69B
Capital Lease Obligations	1.78M	3.12M	0	84.9M	44.74M	40.44M	56.37M	33.97M	24.65M
Deferred Tax Liabilities	1.19B	1.16B	0	506.36M	491.24M	483.17M	297.87M	204.14M	146.89M
Other Non-Current Liabilities	22.54M	76.78M	674.13M	61.4M	118.41M	73.96M	55.14M	47.73M	39.49M
Total Liabilities	4.18B	4.21B	4.33B	4.34B	3.26B	3.27B	3.03B	2.68B	2.36B
Total Debt+	2.69B	2.7B	3.21B	3.33B	2.16B	2.1B	2.11B	1.91B	1.74B
Net Debt	2.62B	2.66B	3.07B	3.14B	1.96B	1.94B	1.99B	1.79B	1.53B
Debt / Equity	1.57x	1.55x	1.92x	1.99x	0.86x	0.81x	1.72x	1.73x	2.32x
Debt / EBITDA	7.29x	6.89x	-	7.46x	7.08x	4.48x	-	7.48x	-
Net Debt / EBITDA	7.10x	6.78x	-	7.05x	6.41x	4.13x	-	7.00x	-
Interest Coverage	1.27x	1.32x	-4.75x	0.92x	0.29x	1.67x	-14.31x	0.28x	-2.01x
Total Equity+	1.71B	1.74B	1.67B	1.67B	2.52B	2.58B	1.23B	1.1B	748.74M
Equity Growth %	-	0.02%	-0.04%	0%	0.51%	0.03%	-0.52%	-0.1%	-0.32%
Book Value per Share	8.39	8.53	8.19	8.20	11.28	8.04	3.86	3.41	2.33
Total Shareholders' Equity	1.68B	1.7B	1.59B	1.58B	2.42B	2.48B	1.12B	1.11B	748.74M
Common Stock	0	0	0	20K	32K	32K	32K	32K	32K
Retained Earnings	14.65M	46.8M	-724.12M	-745.29M	-921.1M	-866.61M	-2.25B	-2.31B	-2.64B
Treasury Stock	0	0	0	0	0	-12.57M	-12.57M	-18.95M	-53.02M
Accumulated OCI	-5.61M	-12.48M	-19.7M	-8.15M	674K	-4.48M	-18.85M	-3.94M	-15.86M
Minority Interest	27.24M	36.2M	76.85M	92.01M	96.95M	98.98M	105.49M	-1.28M	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	116.94M	164.41M	126.35M	151.34M	345.73M	125.99M	104.7M	228.49M	93.09M
Operating CF Margin %	0.06%	0.08%	0.03%	0.04%	0.11%	0.03%	0.03%	0.06%	0.03%
Operating CF Growth %	-	0.41%	-0.23%	0.2%	1.28%	-0.64%	-0.17%	1.18%	-0.59%
Net Income	24.89M	31.16M	-1.15B	-19.76M	-175.07M	57.55M	-1.42B	-81.21M	-378.4M
Depreciation & Amortization	164.58M	170.26M	225.23M	232.57M	238.6M	240.04M	216.05M	208.86M	204.55M
Stock-Based Compensation	3.19M	3.18M	-7.88M	1.31M	89.77M	24.38M	28.17M	36.41M	723K
Deferred Taxes	-37.5M	-36.66M	-213.62M	-68.06M	-14.36M	-10.01M	-190.75M	-80.42M	-57.31M
Other Non-Cash Items	-17.98M	20.9M	1.28B	21.93M	73.2M	7.55M	1.52B	-12.72M	313.71M
Working Capital Changes	-20.24M	-24.45M	-8.07M	-16.66M	133.59M	-193.52M	-47.73M	157.57M	9.82M
Change in Receivables	-28.11M	-54.68M	73.69M	-33.29M	116.11M	-215.5M	-85.74M	38.9M	51.15M
Change in Inventory	3.21M	-917K	-77.15M	0	0	0	0	0	0
Change in Payables	8.3M	18.51M	-14.36M	21.64M	10.88M	46M	-14.16M	-23.07M	-12.92M
Cash from Investing+	-240.97M	-148.98M	-231.44M	-61.81M	-99M	-75.84M	-106.1M	-50.52M	206.45M
Capital Expenditures	-32.33M	-34.76M	-47.16M	-52.42M	-30.95M	-31.18M	-12.35M	-20.69M	-7.84M
CapEx % of Revenue	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0%	0.01%	0%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	1.69M	1.29M	1.73M	0	0	0	-20.66M	-20.87M	-47.5M
Cash from Financing+	112.3M	-42.62M	70.14M	-38.21M	-230.15M	-86.3M	-31.38M	-178.4M	-211.42M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	-11.03M	-39.26M	-48.03M	-12.77M	-79.44M	-14.09M	-20.53M	-4.84M	-19.39M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	84.62M	129.65M	79.19M	98.92M	314.78M	94.82M	71.69M	186.93M	37.76M
FCF Margin %	0.04%	0.06%	0.02%	0.03%	0.1%	0.03%	0.02%	0.05%	0.01%
FCF Growth %	-	0.53%	-0.39%	0.25%	2.18%	-0.7%	-0.24%	1.61%	-0.8%
FCF per Share	0.42	0.64	0.39	0.49	1.41	0.30	0.22	0.58	0.12
FCF Conversion (FCF/Net Income)	4.76x	5.11x	-0.11x	-7.15x	-1.97x	2.31x	-0.08x	-3.61x	-0.28x
Interest Paid	146.45M	197.18M	228.23M	210.21M	151.03M	137.47M	126.56M	174.77M	163.2M
Taxes Paid	53.07M	54.17M	70.25M	59.47M	18.26M	40.19M	45.73M	39.01M	31.27M

Key Ratios

Metric	2015	2016	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	1.44%	1.86%	-67.93%	-1.27%	-8.39%	2.14%	-72.43%	-5.43%	-35.29%
Return on Invested Capital (ROIC)	3.54%	3.8%	-17.9%	3.35%	1.08%	3.83%	-28.93%	1.14%	-8.55%
Gross Margin	23.26%	23.28%	16.16%	16.42%	19.15%	17.72%	12.97%	12.44%	14.22%
Net Margin	1.3%	1.53%	-31.21%	-0.56%	-5.57%	1.51%	-37.86%	-1.62%	-9.17%
Debt / Equity	1.57x	1.55x	1.92x	1.99x	0.86x	0.81x	1.72x	1.73x	2.32x
Interest Coverage	1.27x	1.32x	-4.75x	0.92x	0.29x	1.67x	-14.31x	0.28x	-2.01x
FCF Conversion	4.76x	5.11x	-0.11x	-7.15x	-1.97x	2.31x	-0.08x	-3.61x	-0.28x
Revenue Growth	-	10.83%	76.53%	2.09%	-16.63%	14.15%	1.22%	6.96%	-8.56%

Revenue by Segment

	2020	2021	2022	2023	2024
Branded Services	-	-	-	-	1.31B
Branded Services Growth	-	-	-	-	-
Experiential Services	-	-	-	-	1.3B
Experiential Services Growth	-	-	-	-	-
Retailer Services	-	-	-	-	964.96M
Retailer Services Growth	-	-	-	-	-
Sales Revenues	856.35M	1.03B	2.51B	2.45B	-
Sales Revenues Growth	-	20.42%	143.11%	-2.47%	-
Marketing Revenues	1.1B	1.28B	1.54B	1.78B	-
Marketing Revenues Growth	-	16.74%	20.67%	15.37%	-

Revenue by Geography

	2020	2021	2022	2023	2024
North America	2.79B	3.15B	3.56B	3.69B	3.41B
North America Growth	-	12.99%	12.95%	3.71%	-7.62%
Asia Pacific	-	-	-	-	145.57M
Asia Pacific Growth	-	-	-	-	-
Europe	-	-	-	-	7.8M
Europe Growth	-	-	-	-	-
International	-	-	487.57M	530.38M	-
International Growth	-	-	-	8.78%	-

Frequently Asked Questions

Growth & Financials

Advantage Solutions Inc. (ADV) reported $3.50B in revenue for fiscal year 2024. This represents a 85% increase from $1.90B in 2015.

Advantage Solutions Inc. (ADV) saw revenue decline by 8.6% over the past year.

Advantage Solutions Inc. (ADV) reported a net loss of $243.9M for fiscal year 2024.

Dividend & Returns

Advantage Solutions Inc. (ADV) has a return on equity (ROE) of -35.3%. Negative ROE indicates the company is unprofitable.

Advantage Solutions Inc. (ADV) had negative free cash flow of $9.1M in fiscal year 2024, likely due to heavy capital investments.