Advantage Solutions (ADV) Financials

$1.34 -0.04 (-2.54%)

As of 11:31 AM Eastern

Annual Income Statements for Advantage Solutions

This table shows Advantage Solutions' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-1,381	-63	-327
Consolidated Net Income / (Loss)	-1,377	-60	-325
Net Income / (Loss) Continuing Operations	-1,419	-81	-378
Total Pre-Tax Income	-1,577	-119	-441
Total Operating Income	-1,494	47	-295
Total Gross Profit	473	485	507
Total Revenue	3,646	3,900	3,566
Operating Revenue	3,646	3,900	3,566
Total Cost of Revenue	3,173	3,415	3,059
Operating Cost of Revenue	3,173	3,415	3,059
Total Operating Expenses	1,967	503	802
Selling, General & Admin Expense	175	250	325
Depreciation Expense	216	209	205
Other Operating Expenses / (Income)	0.00	0.00	-2.06
Impairment Charge	1,573	44	275
Other Special Charges / (Income)	2.86	0.00	0.00
Total Other Income / (Expense), net	-83	-107	-146
Interest Expense	104	166	147
Interest & Investment Income	0.00	59	0.00
Other Income / (Expense), net	21	0.29	0.58
Income Tax Expense	-158	-38	-63
Net Income / (Loss) Discontinued Operations	41	21	54
Net Income / (Loss) Attributable to Noncontrolling Interest	3.21	2.94	2.19
Weighted Average Basic Shares Outstanding	318.68M	323.68M	321.52M
Weighted Average Diluted Shares Outstanding	318.68M	323.68M	321.52M
Weighted Average Basic & Diluted Shares Outstanding	322.15M	320.43M	321.41M

This table shows Advantage Solutions' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	21	-1,424	-48	-8.76	-24	17	-5.31	-101	-43	-178
Consolidated Net Income / (Loss)	23	-1,422	-48	-7.85	-23	18	-3.12	-101	-43	-178
Net Income / (Loss) Continuing Operations	23	-1,463	-34	-13	-30	-4.19	-49	-113	-37	-179
Total Pre-Tax Income	24	-1,633	-40	-15	-36	-27	-63	-130	-42	-206
Total Operating Income	47	-1,592	6.74	15	6.65	18	-27	-91	-3.18	-174
Total Gross Profit	143	62	118	116	127	124	115	122	144	126
Total Revenue	1,051	699	944	964	1,020	972	879	873	939	875
Operating Revenue	1,051	699	944	964	1,020	972	879	873	939	875
Total Cost of Revenue	909	637	827	848	892	848	764	751	795	749
Operating Cost of Revenue	909	637	827	848	892	848	764	751	795	749
Total Operating Expenses	96	1,654	111	101	121	170	142	213	147	300
Selling, General & Admin Expense	38	37	56	48	68	77	90	63	98	74
Depreciation Expense	58	42	54	52	52	49	52	51	52	50
Other Operating Expenses / (Income)	-	-	0.00	0.00	0.00	-	0.69	-0.57	-2.82	0.63
Total Other Income / (Expense), net	-22	-41	-47	-31	-43	14	-36	-39	-39	-32
Interest Expense	24	41	47	30	42	46	36	40	39	32
Other Income / (Expense), net	1.10	-0.22	0.07	-0.07	-0.59	0.87	-0.29	0.69	-0.04	0.23
Income Tax Expense	1.16	-170	-5.98	-2.24	-6.58	-23	-14	-17	-4.87	-27
Net Income / (Loss) Discontinued Operations	-	-	-13	5.18	7.05	22	46	12	-5.46	0.92
Weighted Average Basic Shares Outstanding	318.82M	318.68M	321.14M	324.18M	324.71M	323.68M	321.46M	322.79M	321.08M	321.52M
Weighted Average Diluted Shares Outstanding	319.73M	318.68M	321.14M	324.18M	324.71M	323.68M	321.46M	322.79M	321.08M	321.52M
Weighted Average Basic & Diluted Shares Outstanding	319.68M	322.15M	324.16M	324.55M	326.39M	320.43M	322.18M	320.54M	320.75M	321.41M

This table details how cash moves in and out of Advantage Solutions' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	169	5.09	84
Net Cash From Operating Activities	105	228	93
Net Cash From Continuing Operating Activities	306	234	93
Net Income / (Loss) Continuing Operations	-1,419	-81	-378
Consolidated Net Income / (Loss)	-1,419	-81	-378
Depreciation Expense	216	209	205
Amortization Expense	8.86	8.29	6.77
Non-Cash Adjustments To Reconcile Net Income	1,569	21	308
Changes in Operating Assets and Liabilities, net	-69	77	-48
Net Cash From Investing Activities	-106	-51	206
Net Cash From Continuing Investing Activities	-106	-51	206
Purchase of Property, Plant & Equipment	-12	-21	-7.84
Acquisitions	-96	-55	-61
Divestitures	1.90	26	276
Net Cash From Financing Activities	-31	-178	-211
Net Cash From Continuing Financing Activities	-31	-178	-211
Repayment of Debt	-340	-269	-161
Repurchase of Common Equity	-0.22	-6.54	-34
Issuance of Debt	326	100	0.00
Issuance of Common Equity	8.54	2.25	2.29
Other Financing Activities, net	-26	-4.69	-18
Effect of Exchange Rate Changes	-	-	-4.58

This table details how cash moves in and out of Advantage Solutions' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-19	235	30	13	5.56	-44	-9.53	42	43	8.28
Net Cash From Operating Activities	52	23	43	62	76	48	-7.83	58	34	8.65
Net Cash From Continuing Operating Activities	52	224	41	59	72	61	-8.89	53	34	15
Net Income / (Loss) Continuing Operations	23	-1,463	-34	-15	-30	-2.66	-49	-114	-37	-178
Consolidated Net Income / (Loss)	23	-1,463	-48	-7.85	-23	-3.11	-3.12	-101	-43	-232
Depreciation Expense	58	42	54	51	52	51	52	50	52	52
Amortization Expense	2.25	2.19	2.11	2.13	2.15	1.91	1.80	1.67	1.67	1.63
Non-Cash Adjustments To Reconcile Net Income	1.14	1,605	16	-5.67	11	0.13	3.91	107	9.22	188
Changes in Operating Assets and Liabilities, net	-32	38	3.46	27	40	6.50	-17	9.04	8.52	-49
Net Cash From Investing Activities	-14	-3.04	-7.28	1.49	-9.70	-35	68	36	101	2.32
Net Cash From Continuing Investing Activities	-14	-3.04	-5.99	4.71	-8.97	-40	69	42	101	-4.98
Purchase of Property, Plant & Equipment	-8.50	18	-5.99	-8.06	-10	3.73	-16	-8.87	-25	43
Acquisitions	-7.31	-21	0.00	-	-3.02	-52	-2.50	-8.43	-3.00	-48
Net Cash From Financing Activities	-52	1.54	-6.88	-50	-58	-64	-67	-52	-93	0.07
Net Cash From Continuing Financing Activities	-52	1.54	-6.80	-51	-58	-63	-67	-48	-93	-4.30
Repayment of Debt	-121	-190	-61	-66	-64	-78	-51	-28	-79	-3.19
Other Financing Activities, net	-10	6.20	-3.76	-0.04	-	-0.89	-5.14	-10	-1.75	-1.10
Effect of Exchange Rate Changes	-5.71	-	1.31	0.53	-1.19	-	-2.14	-0.44	1.17	-3.17

This table presents Advantage Solutions' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	4,262	3,779	3,107
Total Current Assets	1,157	1,012	911
Cash & Equivalents	121	121	205
Restricted Cash	18	16	16
Accounts Receivable	869	659	603
Prepaid Expenses	149	116	87
Other Current Nonoperating Assets	-	99	0.00
Plant, Property, & Equipment, net	71	65	98
Total Noncurrent Assets	3,034	2,703	2,098
Long-Term Investments	129	211	227
Goodwill	888	710	477
Intangible Assets	1,898	1,552	1,333
Other Noncurrent Operating Assets	120	44	62
Other Noncurrent Nonoperating Assets	-	186	0.00
Total Liabilities & Shareholders' Equity	4,262	3,779	3,107
Total Liabilities	3,033	2,675	2,358
Total Current Liabilities	601	541	460
Short-Term Debt	14	13	13
Accounts Payable	261	173	158
Accrued Expenses	133	144	135
Current Deferred Revenue	37	27	24
Current Employee Benefit Liabilities	155	161	129
Other Current Nonoperating Liabilities	-	23	0.00
Total Noncurrent Liabilities	2,432	2,134	1,898
Long-Term Debt	2,023	1,848	1,687
Noncurrent Deferred & Payable Income Tax Liabilities	298	204	147
Other Noncurrent Operating Liabilities	112	75	64
Other Noncurrent Nonoperating Liabilities	-	7.14	0.00
Commitments & Contingencies	0.00	0.00	0.00
Redeemable Noncontrolling Interest	3.75	0.00	0.00
Total Equity & Noncontrolling Interests	1,226	1,104	749
Total Preferred & Common Equity	1,124	1,105	749
Preferred Stock	0.00	0.00	0.00
Total Common Equity	1,124	1,105	749
Common Stock	3,409	3,449	3,466
Retained Earnings	-2,247	-2,315	-2,642
Treasury Stock	-13	-19	-53
Accumulated Other Comprehensive Income / (Loss)	-19	-3.95	-16
Other Equity Adjustments	-6.36	-6.39	-7.03
Noncontrolling Interest	102	-1.29	0.00

This table presents Advantage Solutions' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	5,814	4,138	4,123	4,058	3,634	3,497	3,391
Total Current Assets	1,103	1,094	1,120	1,119	932	1,077	975
Cash & Equivalents	96	149	165	171	112	154	196
Restricted Cash	18	20	17	16	16	15	16
Accounts Receivable	833	792	816	828	649	647	667
Prepaid Expenses	155	133	122	103	94	107	95
Other Current Nonoperating Assets	-	-	-	-	61	153	0.00
Plant, Property, & Equipment, net	69	71	76	78	83	87	90
Total Noncurrent Assets	4,642	2,973	2,927	2,861	2,619	2,334	2,326
Long-Term Investments	125	131	130	127	220	220	234
Goodwill	2,246	890	890	887	833	611	611
Intangible Assets	2,150	1,840	1,792	1,741	1,522	1,463	1,419
Other Noncurrent Operating Assets	121	113	114	106	43	40	63
Other Noncurrent Nonoperating Assets	-	-	-	-	0.00	0.00	0.00
Total Liabilities & Shareholders' Equity	5,814	4,138	4,123	4,058	3,634	3,497	3,391
Total Liabilities	3,193	2,944	2,922	2,877	2,550	2,524	2,459
Total Current Liabilities	601	531	596	634	477	509	513
Short-Term Debt	15	15	16	14	13	13	13
Accounts Payable	268	207	218	250	191	205	198
Accrued Expenses	161	161	156	179	147	119	155
Current Deferred Revenue	47	48	50	51	23	29	30
Current Employee Benefit Liabilities	110	100	155	139	90	139	117
Other Current Nonoperating Liabilities	-	-	-	-	12	4.14	0.00
Total Noncurrent Liabilities	2,592	2,413	2,326	2,244	2,073	2,015	1,946
Long-Term Debt	2,025	2,019	1,966	1,910	1,796	1,769	1,688
Noncurrent Deferred & Payable Income Tax Liabilities	457	282	265	240	203	174	188
Other Noncurrent Operating Liabilities	110	113	95	93	74	71	70
Other Noncurrent Nonoperating Liabilities	-	-	-	-	0.00	0.00	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00	-	0.00	0.00
Total Equity & Noncontrolling Interests	2,618	1,190	1,198	1,176	1,084	974	933
Total Preferred & Common Equity	2,526	1,087	1,092	1,072	1,083	974	933
Total Common Equity	2,526	1,087	1,092	1,072	1,083	974	933
Common Stock	3,399	3,418	3,428	3,438	3,447	3,452	3,459
Retained Earnings	-823	-2,295	-2,303	-2,328	-2,320	-2,421	-2,464
Treasury Stock	-13	-13	-13	-13	-31	-40	-53
Accumulated Other Comprehensive Income / (Loss)	-30	-17	-14	-19	-6.66	-11	-3.30
Other Equity Adjustments	-6.36	-6.37	-6.38	-6.38	-6.54	-6.71	-6.87
Noncontrolling Interest	92	103	106	104	0.91	0.00	0.00

This table displays calculated financial ratios and metrics derived from Advantage Solutions' official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	1.22%	6.96%	-8.56%
EBITDA Growth	-360.84%	121.16%	-131.47%
EBIT Growth	-742.84%	103.18%	-728.05%
NOPAT Growth	-820.13%	103.12%	-733.16%
Net Income Growth	-2,493.27%	95.62%	-437.86%
EPS Growth	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-16.89%	118.22%	-59.26%
Free Cash Flow Firm Growth	124.29%	142.68%	-77.03%
Invested Capital Growth	-30.59%	-21.23%	-15.25%
Revenue Q/Q Growth	-8.37%	-3.24%	-10.59%
EBITDA Q/Q Growth	-389.78%	120.55%	-153.67%
EBIT Q/Q Growth	-843.72%	103.10%	-306.49%
NOPAT Q/Q Growth	-898.70%	103.09%	-300.49%
Net Income Q/Q Growth	-2,001.01%	95.97%	-151.88%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-2.03%	3.81%	-34.73%
Free Cash Flow Firm Q/Q Growth	16,196.83%	16.31%	-72.09%
Invested Capital Q/Q Growth	-32.19%	-15.35%	-8.51%
Profitability Metrics	-	-	-
Gross Margin	12.97%	12.44%	14.22%
EBITDA Margin	-34.22%	6.77%	-2.33%
Operating Margin	-40.97%	1.19%	-8.27%
EBIT Margin	-40.39%	1.20%	-8.26%
Profit (Net Income) Margin	-37.77%	-1.55%	-9.11%
Tax Burden Percent	87.33%	50.80%	73.61%
Interest Burden Percent	107.09%	-253.57%	149.86%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-28.58%	1.22%	-9.47%
ROIC Less NNEP Spread (ROIC-NNEP)	-47.49%	-4.93%	-18.89%
Return on Net Nonoperating Assets (RNNOA)	-43.69%	-6.39%	-25.59%
Return on Equity (ROE)	-72.27%	-5.18%	-35.06%
Cash Return on Invested Capital (CROIC)	7.54%	24.97%	7.05%
Operating Return on Assets (OROA)	-29.11%	1.17%	-8.55%
Return on Assets (ROA)	-27.23%	-1.50%	-9.43%
Return on Common Equity (ROCE)	-68.39%	-4.94%	-35.08%
Return on Equity Simple (ROE_SIMPLE)	-122.54%	-5.46%	-43.38%
Net Operating Profit after Tax (NOPAT)	-1,046	33	-206
NOPAT Margin	-28.68%	0.84%	-5.79%
Net Nonoperating Expense Percent (NNEP)	18.91%	6.15%	9.42%
Return On Investment Capital (ROIC_SIMPLE)	-32.05%	1.10%	-8.43%
Cost of Revenue to Revenue	87.03%	87.56%	85.78%
SG&A Expenses to Revenue	4.81%	6.42%	9.10%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	53.94%	12.89%	22.50%
Earnings before Interest and Taxes (EBIT)	-1,473	47	-294
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-1,248	264	-83
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.59	1.07	1.25
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.18	0.30	0.26
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.85	1.14	1.09
Enterprise Value to Revenue (EV/Rev)	0.70	0.69	0.61
Enterprise Value to EBITDA (EV/EBITDA)	0.00	10.20	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	57.46	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	82.60	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	24.25	11.79	23.52
Enterprise Value to Free Cash Flow (EV/FCFF)	9.21	4.03	14.24
Leverage & Solvency	-	-	-
Debt to Equity	1.66	1.69	2.27
Long-Term Debt to Equity	1.65	1.67	2.25
Financial Leverage	0.92	1.30	1.35
Leverage Ratio	2.65	3.45	3.72
Compound Leverage Factor	2.84	-8.74	5.57
Debt to Total Capital	62.36%	62.77%	69.42%
Short-Term Debt to Total Capital	0.43%	0.45%	0.54%
Long-Term Debt to Total Capital	61.93%	62.32%	68.88%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.23%	-0.04%	0.00%
Common Equity to Total Capital	34.41%	37.27%	30.58%
Debt to EBITDA	-1.63	7.05	-20.46
Net Debt to EBITDA	-1.42	5.73	-15.08
Long-Term Debt to EBITDA	-1.62	7.00	-20.30
Debt to NOPAT	-1.95	57.08	-8.23
Net Debt to NOPAT	-1.69	46.40	-6.07
Long-Term Debt to NOPAT	-1.93	56.67	-8.17
Altman Z-Score	-0.73	0.63	0.06
Noncontrolling Interest Sharing Ratio	5.36%	4.47%	-0.07%
Liquidity Ratios	-	-	-
Current Ratio	1.93	1.87	1.98
Quick Ratio	1.65	1.44	1.76
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	276	669	154
Operating Cash Flow to CapEx	847.75%	1,104.31%	1,187.74%
Free Cash Flow to Firm to Interest Expense	2.64	4.04	1.05
Operating Cash Flow to Interest Expense	1.00	1.38	0.63
Operating Cash Flow Less CapEx to Interest Expense	0.88	1.25	0.58
Efficiency Ratios	-	-	-
Asset Turnover	0.72	0.97	1.04
Accounts Receivable Turnover	4.38	5.10	5.65
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	54.18	57.52	43.90
Accounts Payable Turnover	11.78	15.72	18.46
Days Sales Outstanding (DSO)	83.42	71.52	64.61
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	30.99	23.21	19.77
Cash Conversion Cycle (CCC)	52.43	48.31	44.84
Capital & Investment Metrics	-	-	-
Invested Capital	2,998	2,362	2,001
Invested Capital Turnover	1.00	1.46	1.63
Increase / (Decrease) in Invested Capital	-1,322	-637	-360
Enterprise Value (EV)	2,539	2,694	2,189
Market Capitalization	665	1,182	937
Book Value per Share	$3.52	$3.39	$2.33
Tangible Book Value per Share	($5.20)	($3.54)	($3.31)
Total Capital	3,266	2,965	2,449
Total Debt	2,037	1,861	1,700
Total Long-Term Debt	2,023	1,848	1,687
Net Debt	1,769	1,513	1,253
Capital Expenditures (CapEx)	12	21	7.84
Debt-free, Cash-free Net Working Capital (DFCFNWC)	432	347	243
Debt-free Net Working Capital (DFNWC)	570	484	464
Net Working Capital (NWC)	556	471	451
Net Nonoperating Expense (NNE)	332	93	118
Net Nonoperating Obligations (NNO)	1,769	1,258	1,253
Total Depreciation and Amortization (D&A)	225	217	211
Debt-free, Cash-free Net Working Capital to Revenue	11.84%	8.89%	6.82%
Debt-free Net Working Capital to Revenue	15.64%	12.41%	13.01%
Net Working Capital to Revenue	15.26%	12.07%	12.64%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($4.33)	($0.20)	$0.00
Adjusted Weighted Average Basic Shares Outstanding	318.68M	323.68M	321.52M
Adjusted Diluted Earnings per Share	($4.33)	($0.20)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	318.68M	323.68M	321.52M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	322.15M	320.43M	321.41M
Normalized Net Operating Profit after Tax (NOPAT)	57	63	-14
Normalized NOPAT Margin	1.56%	1.62%	-0.39%
Pre Tax Income Margin	-43.25%	-3.05%	-12.37%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-14.11	0.28	-2.01
NOPAT to Interest Expense	-10.02	0.20	-1.41
EBIT Less CapEx to Interest Expense	-14.23	0.16	-2.06
NOPAT Less CapEx to Interest Expense	-10.14	0.07	-1.46
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	-0.02%	-10.82%	-10.49%

This table displays calculated financial ratios and metrics derived from Advantage Solutions' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.17%	-32.27%	3.23%	-1.77%	-2.99%	39.02%	-6.92%	-9.38%	-7.89%	-10.04%
EBITDA Growth	-15.82%	-1,229.78%	-35.61%	-27.67%	-43.85%	104.66%	-58.54%	-158.05%	-17.01%	-266.77%
EBIT Growth	-30.61%	-2,130.16%	-82.28%	-54.26%	-87.35%	101.18%	-496.79%	-696.74%	-153.03%	-1,022.50%
NOPAT Growth	-8.85%	-2,223.11%	-68.91%	-48.71%	-89.56%	101.13%	-496.83%	-698.38%	-147.75%	-1,068.65%
Net Income Growth	-4.52%	-5,175.10%	-371.92%	-313.44%	-197.22%	101.25%	93.47%	-1,185.18%	-89.43%	-1,104.54%
EPS Growth	0.00%	0.00%	-350.00%	-400.00%	-200.00%	0.00%	86.67%	-933.33%	-85.71%	0.00%
Operating Cash Flow Growth	15.09%	-8.70%	279.86%	14.75%	45.91%	109.58%	-118.18%	-5.89%	-55.12%	-81.86%
Free Cash Flow Firm Growth	97.78%	585.21%	1,717.33%	1,339.50%	2,033.60%	213.51%	-71.58%	-62.51%	-63.32%	-63.25%
Invested Capital Growth	3.01%	-30.59%	-33.13%	-35.20%	-36.90%	-21.23%	-14.76%	-22.73%	-21.59%	-15.25%
Revenue Q/Q Growth	7.14%	-33.46%	-14.36%	2.05%	5.81%	-4.65%	-27.99%	-0.64%	7.55%	-6.88%
EBITDA Q/Q Growth	15.12%	-1,533.76%	104.30%	6.96%	-10.62%	18.98%	-72.44%	-249.78%	227.78%	-339.11%
EBIT Q/Q Growth	44.49%	-3,421.29%	100.44%	122.65%	-60.03%	210.16%	-169.21%	-234.85%	96.45%	-5,295.09%
NOPAT Q/Q Growth	114.36%	-2,597.79%	100.44%	126.14%	-56.38%	169.67%	-170.04%	-241.00%	96.52%	-5,370.10%
Net Income Q/Q Growth	531.86%	-6,221.06%	96.65%	83.54%	-187.82%	178.49%	-117.51%	-3,137.08%	57.58%	-316.22%
EPS Q/Q Growth	600.00%	0.00%	96.64%	80.00%	-133.33%	0.00%	-140.00%	-1,450.00%	58.06%	0.00%
Operating Cash Flow Q/Q Growth	-3.69%	-56.21%	9.61%	43.68%	22.47%	-37.10%	-113.44%	843.64%	-41.60%	-74.58%
Free Cash Flow Firm Q/Q Growth	33.20%	344.69%	493.52%	7.87%	4.21%	-60.33%	-37.65%	42.34%	1.94%	-60.25%
Invested Capital Q/Q Growth	-0.19%	-32.19%	-2.33%	-1.98%	-2.81%	-15.35%	5.70%	-11.14%	-1.37%	-8.51%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	13.56%	8.88%	12.44%	12.06%	12.49%	12.75%	13.10%	13.97%	15.36%	14.38%
EBITDA Margin	10.27%	-221.35%	6.72%	7.04%	5.95%	7.42%	2.99%	-4.51%	5.36%	-13.75%
Operating Margin	4.46%	-227.65%	0.71%	1.58%	0.65%	1.85%	-3.04%	-10.45%	-0.34%	-19.87%
EBIT Margin	4.56%	-227.68%	0.72%	1.57%	0.59%	1.94%	-3.08%	-10.37%	-0.34%	-19.84%
Profit (Net Income) Margin	2.21%	-203.29%	-5.05%	-0.81%	-2.21%	1.82%	-0.35%	-11.55%	-4.55%	-20.36%
Tax Burden Percent	95.25%	87.06%	118.17%	51.39%	62.37%	-65.56%	4.96%	77.37%	101.40%	86.48%
Interest Burden Percent	50.86%	102.56%	-591.87%	-100.59%	-596.92%	-143.69%	232.21%	143.89%	1,311.35%	118.61%
Effective Tax Rate	4.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	3.88%	-158.80%	0.56%	1.23%	0.51%	1.88%	-3.27%	-11.70%	-0.38%	-22.74%
ROIC Less NNEP Spread (ROIC-NNEP)	2.67%	-176.33%	-2.43%	0.17%	-1.09%	2.22%	-2.28%	-14.23%	-3.21%	-27.23%
Return on Net Nonoperating Assets (RNNOA)	1.82%	-162.20%	-2.24%	0.16%	-0.98%	2.88%	-3.14%	-19.07%	-4.35%	-36.89%
Return on Equity (ROE)	5.70%	-321.00%	-1.69%	1.39%	-0.46%	4.76%	-6.41%	-30.76%	-4.73%	-59.63%
Cash Return on Invested Capital (CROIC)	0.04%	7.54%	11.82%	14.56%	15.96%	24.97%	17.04%	23.89%	22.13%	7.05%
Operating Return on Assets (OROA)	3.11%	-164.12%	0.59%	1.28%	0.49%	1.88%	-3.29%	-11.08%	-0.37%	-20.55%
Return on Assets (ROA)	1.51%	-146.54%	-4.13%	-0.66%	-1.81%	1.77%	-0.38%	-12.33%	-4.88%	-21.08%
Return on Common Equity (ROCE)	5.49%	-303.78%	-1.60%	1.32%	-0.44%	4.55%	-6.11%	-29.21%	-4.49%	-59.67%
Return on Equity Simple (ROE_SIMPLE)	2.87%	0.00%	-132.75%	-133.21%	-139.87%	0.00%	-1.45%	-11.17%	-13.83%	0.00%
Net Operating Profit after Tax (NOPAT)	45	-1,114	4.72	11	4.66	13	-19	-64	-2.22	-122
NOPAT Margin	4.24%	-159.35%	0.50%	1.11%	0.46%	1.29%	-2.13%	-7.31%	-0.24%	-13.91%
Net Nonoperating Expense Percent (NNEP)	1.21%	17.53%	2.99%	1.06%	1.60%	-0.34%	-0.99%	2.54%	2.83%	4.49%
Return On Investment Capital (ROIC_SIMPLE)	-	-34.16%	-	-	-	0.42%	-	-	-	-4.97%
Cost of Revenue to Revenue	86.44%	91.12%	87.56%	87.94%	87.51%	87.25%	86.90%	86.03%	84.64%	85.62%
SG&A Expenses to Revenue	3.61%	5.26%	5.96%	5.03%	6.70%	7.94%	10.20%	7.20%	10.48%	8.42%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.11%	236.53%	11.73%	10.48%	11.84%	17.50%	16.14%	24.42%	15.70%	34.25%
Earnings before Interest and Taxes (EBIT)	48	-1,592	6.82	15	6.07	19	-27	-91	-3.22	-174
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	108	-1,548	63	68	61	72	26	-39	50	-120
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.27	0.59	0.47	0.69	0.86	1.07	1.28	1.07	1.18	1.25
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.17	0.18	0.12	0.19	0.23	0.30	0.33	0.26	0.28	0.26
Price to Earnings (P/E)	9.89	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	10.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.58	0.85	0.80	0.88	0.95	1.14	1.14	1.10	1.08	1.09
Enterprise Value to Revenue (EV/Rev)	0.65	0.70	0.58	0.62	0.65	0.69	0.69	0.60	0.59	0.61
Enterprise Value to EBITDA (EV/EBITDA)	5.98	0.00	0.00	0.00	0.00	10.20	10.46	14.72	15.21	0.00
Enterprise Value to EBIT (EV/EBIT)	13.00	0.00	0.00	0.00	0.00	57.46	66.86	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	19.66	0.00	0.00	0.00	0.00	82.60	95.35	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	24.08	24.25	12.48	12.93	11.99	11.79	15.15	13.18	16.51	23.52
Enterprise Value to Free Cash Flow (EV/FCFF)	1,520.89	9.21	5.44	4.78	4.59	4.03	6.16	4.00	4.27	14.24
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.78	1.66	1.70	1.65	1.63	1.69	1.67	1.83	1.82	2.27
Long-Term Debt to Equity	0.77	1.65	1.69	1.64	1.62	1.67	1.66	1.82	1.81	2.25
Financial Leverage	0.68	0.92	0.92	0.92	0.90	1.30	1.38	1.34	1.36	1.35
Leverage Ratio	2.25	2.65	2.63	2.62	2.60	3.45	3.41	3.50	3.53	3.72
Compound Leverage Factor	1.15	2.72	-15.55	-2.64	-15.50	-4.95	7.92	5.04	46.24	4.41
Debt to Total Capital	43.76%	62.36%	63.01%	62.26%	61.99%	62.77%	62.53%	64.67%	64.60%	69.42%
Short-Term Debt to Total Capital	0.32%	0.43%	0.47%	0.49%	0.46%	0.45%	0.46%	0.48%	0.50%	0.54%
Long-Term Debt to Total Capital	43.44%	61.93%	62.54%	61.77%	61.52%	62.32%	62.07%	64.19%	64.09%	68.88%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.04%	3.23%	3.32%	3.45%	3.47%	-0.04%	0.03%	0.00%	0.00%	0.00%
Common Equity to Total Capital	54.21%	34.41%	33.66%	34.29%	34.54%	37.27%	37.44%	35.33%	35.40%	30.58%
Debt to EBITDA	4.74	-1.63	-1.68	-1.60	-1.50	7.05	6.64	10.79	10.99	-20.46
Net Debt to EBITDA	4.18	-1.42	-1.43	-1.35	-1.25	5.73	5.36	8.44	8.11	-15.08
Long-Term Debt to EBITDA	4.70	-1.62	-1.67	-1.59	-1.49	7.00	6.59	10.71	10.91	-20.30
Debt to NOPAT	15.58	-1.95	-2.00	-1.93	-1.82	57.08	60.55	-39.90	-33.00	-8.23
Net Debt to NOPAT	13.75	-1.69	-1.70	-1.62	-1.52	46.40	48.89	-31.18	-24.34	-6.07
Long-Term Debt to NOPAT	15.46	-1.93	-1.98	-1.91	-1.81	56.67	60.11	-39.60	-32.74	-8.17
Altman Z-Score	0.74	-0.83	0.48	0.52	0.53	0.61	0.70	0.55	0.59	0.19
Noncontrolling Interest Sharing Ratio	3.69%	5.36%	5.32%	5.30%	5.33%	4.47%	4.75%	5.05%	5.10%	-0.07%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.84	1.93	2.06	1.88	1.76	1.87	1.95	2.12	1.90	1.98
Quick Ratio	1.55	1.65	1.77	1.65	1.58	1.44	1.60	1.57	1.68	1.76
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-85	207	1,456	1,570	1,636	649	414	589	600	239
Operating Cash Flow to CapEx	610.98%	0.00%	719.54%	768.23%	730.52%	0.00%	-48.49%	656.49%	134.32%	0.00%
Free Cash Flow to Firm to Interest Expense	-3.59	5.08	30.86	51.57	38.71	14.16	11.57	14.81	15.40	7.38
Operating Cash Flow to Interest Expense	2.21	0.56	0.91	2.03	1.79	1.04	-0.22	1.47	0.87	0.27
Operating Cash Flow Less CapEx to Interest Expense	1.84	0.99	0.79	1.77	1.55	1.12	-0.67	1.24	0.22	1.58
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.68	0.72	0.82	0.82	0.82	0.97	1.07	1.07	1.07	1.04
Accounts Receivable Turnover	5.18	4.38	5.20	5.01	4.85	5.10	5.77	5.56	5.33	5.65
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	59.32	54.18	58.95	56.22	54.77	57.52	53.87	49.95	47.43	43.90
Accounts Payable Turnover	13.21	11.78	16.55	15.09	13.60	15.72	18.09	16.54	15.18	18.46
Days Sales Outstanding (DSO)	70.51	83.42	70.17	72.84	75.22	71.52	63.23	65.65	68.42	64.61
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	27.64	30.99	22.05	24.18	26.84	23.21	20.18	22.07	24.04	19.77
Cash Conversion Cycle (CCC)	42.87	52.43	48.12	48.66	48.38	48.31	43.05	43.58	44.38	44.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,422	2,998	2,929	2,871	2,790	2,362	2,496	2,218	2,188	2,001
Invested Capital Turnover	0.91	1.00	1.12	1.11	1.12	1.46	1.53	1.60	1.60	1.63
Increase / (Decrease) in Invested Capital	129	-1,322	-1,451	-1,560	-1,632	-637	-432	-653	-602	-360
Enterprise Value (EV)	2,574	2,539	2,351	2,538	2,639	2,694	2,849	2,430	2,354	2,189
Market Capitalization	678	665	509	759	922	1,182	1,387	1,037	1,099	937
Book Value per Share	$7.93	$3.52	$3.37	$3.37	$3.30	$3.39	$3.38	$3.02	$2.91	$2.33
Tangible Book Value per Share	($5.87)	($5.20)	($5.10)	($4.91)	($4.79)	($3.54)	($3.97)	($3.41)	($3.42)	($3.31)
Total Capital	4,661	3,266	3,228	3,183	3,104	2,965	2,893	2,756	2,634	2,449
Total Debt	2,039	2,037	2,034	1,982	1,924	1,861	1,809	1,782	1,701	1,700
Total Long-Term Debt	2,025	2,023	2,019	1,966	1,910	1,848	1,796	1,769	1,688	1,687
Net Debt	1,800	1,769	1,735	1,669	1,610	1,513	1,461	1,393	1,255	1,253
Capital Expenditures (CapEx)	8.50	-18	5.99	8.06	10	-3.73	16	8.87	25	-43
Debt-free, Cash-free Net Working Capital (DFCFNWC)	403	432	409	358	311	347	340	412	263	243
Debt-free Net Working Capital (DFNWC)	517	570	578	540	499	484	468	581	476	464
Net Working Capital (NWC)	502	556	563	525	485	471	455	568	462	451
Net Nonoperating Expense (NNE)	21	307	52	19	27	-5.17	-16	37	41	56
Net Nonoperating Obligations (NNO)	1,800	1,769	1,735	1,669	1,610	1,258	1,412	1,244	1,255	1,253
Total Depreciation and Amortization (D&A)	60	44	57	53	55	53	53	51	54	53
Debt-free, Cash-free Net Working Capital to Revenue	10.12%	11.84%	10.03%	8.81%	7.73%	8.89%	8.19%	10.11%	6.59%	6.82%
Debt-free Net Working Capital to Revenue	12.99%	15.64%	14.17%	13.30%	12.38%	12.41%	11.26%	14.28%	11.92%	13.01%
Net Working Capital to Revenue	12.62%	15.26%	13.80%	12.92%	12.03%	12.07%	10.94%	13.95%	11.59%	12.64%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.07	$0.00	($0.15)	($0.03)	($0.07)	$0.00	($0.02)	($0.31)	($0.13)	$0.00
Adjusted Weighted Average Basic Shares Outstanding	318.82M	318.68M	321.14M	324.18M	324.71M	323.68M	321.46M	322.79M	321.08M	321.52M
Adjusted Diluted Earnings per Share	$0.07	$0.00	($0.15)	($0.03)	($0.07)	$0.00	($0.02)	($0.31)	($0.13)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	319.73M	318.68M	321.14M	324.18M	324.71M	323.68M	321.46M	322.79M	321.08M	321.52M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	319.68M	322.15M	324.16M	324.55M	326.39M	320.43M	322.18M	320.54M	320.75M	321.41M
Normalized Net Operating Profit after Tax (NOPAT)	45	-1,114	4.72	11	4.66	13	-19	5.89	-2.22	-122
Normalized NOPAT Margin	4.24%	-159.35%	0.50%	1.11%	0.46%	1.29%	-2.13%	0.67%	-0.24%	-13.91%
Pre Tax Income Margin	2.32%	-233.51%	-4.27%	-1.58%	-3.55%	-2.78%	-7.15%	-14.92%	-4.49%	-23.54%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.04	-39.07	0.14	0.50	0.14	0.41	-0.76	-2.28	-0.08	-5.37
NOPAT to Interest Expense	1.89	-27.34	0.10	0.35	0.11	0.27	-0.52	-1.61	-0.06	-3.77
EBIT Less CapEx to Interest Expense	1.67	-38.63	0.02	0.23	-0.10	0.49	-1.21	-2.50	-0.73	-4.06
NOPAT Less CapEx to Interest Expense	1.53	-26.91	-0.03	0.09	-0.14	0.36	-0.98	-1.83	-0.71	-2.45
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	17.65%	-0.02%	-0.02%	-0.03%	-0.01%	-10.82%	-115.68%	-24.97%	-31.37%	-10.49%

Frequently Asked Questions About Advantage Solutions' Financials

When does Advantage Solutions's fiscal year end?

According to the most recent income statement we have on file, Advantage Solutions' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Advantage Solutions' net income changed over the last 2 years?

Advantage Solutions' net income appears to be on a downward trend, with a most recent value of -$324.77 million in 2024, falling from -$1.38 billion in 2022. The previous period was -$60.38 million in 2023. See Advantage Solutions' forecast for analyst expectations on what’s next for the company.

What is Advantage Solutions's operating income?

Advantage Solutions's total operating income in 2024 was -$294.98 million, based on the following breakdown:

Total Gross Profit: $507.27 million
Total Operating Expenses: $802.26 million

How has Advantage Solutions revenue changed over the last 2 years?

Over the last 2 years, Advantage Solutions' total revenue changed from $3.65 billion in 2022 to $3.57 billion in 2024, a change of -2.2%.

How much debt does Advantage Solutions have?

Advantage Solutions' total liabilities were at $2.36 billion at the end of 2024, a 11.9% decrease from 2023, and a 22.3% decrease since 2022.

How much cash does Advantage Solutions have?

In the past 2 years, Advantage Solutions' cash and equivalents has ranged from $120.72 million in 2022 to $205.23 million in 2024, and is currently $205.23 million as of their latest financial filing in 2024.

How has Advantage Solutions' book value per share changed over the last 2 years?

Over the last 2 years, Advantage Solutions' book value per share changed from 3.52 in 2022 to 2.33 in 2024, a change of -33.6%.

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This page (NASDAQ:ADV) was last updated on 5/5/2025 by MarketBeat.com Staff

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