Advantage Solutions (ADV) Financials

$1.12 -0.04 (-3.45%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$1.16 +0.03 (+3.12%)

As of 05/23/2025 05:25 PM 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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-327	-63	-1,381
Consolidated Net Income / (Loss)	-325	-60	-1,377
Net Income / (Loss) Continuing Operations	-378	-81	-1,419
Total Pre-Tax Income	-441	-119	-1,577
Total Operating Income	-295	47	-1,494
Total Gross Profit	507	485	473
Total Revenue	3,566	3,900	3,646
Operating Revenue	3,566	3,900	3,646
Total Cost of Revenue	3,059	3,415	3,173
Operating Cost of Revenue	3,059	3,415	3,173
Total Operating Expenses	802	503	1,967
Selling, General & Admin Expense	325	250	175
Depreciation Expense	205	209	216
Other Operating Expenses / (Income)	-2.06	0.00	0.00
Impairment Charge	275	44	1,573
Other Special Charges / (Income)	0.00	0.00	2.86
Total Other Income / (Expense), net	-146	-107	-83
Interest Expense	147	166	104
Interest & Investment Income	0.00	59	0.00
Other Income / (Expense), net	0.58	0.29	21
Income Tax Expense	-63	-38	-158
Net Income / (Loss) Discontinued Operations	54	21	41
Net Income / (Loss) Attributable to Noncontrolling Interest	2.19	2.94	3.21
Weighted Average Basic Shares Outstanding	321.52M	323.68M	318.68M
Weighted Average Diluted Shares Outstanding	321.52M	323.68M	318.68M
Weighted Average Basic & Diluted Shares Outstanding	321.41M	320.43M	322.15M

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

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

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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	84	5.09	169
Net Cash From Operating Activities	93	228	105
Net Cash From Continuing Operating Activities	93	234	306
Net Income / (Loss) Continuing Operations	-378	-81	-1,419
Consolidated Net Income / (Loss)	-378	-81	-1,419
Depreciation Expense	205	209	216
Amortization Expense	6.77	8.29	8.86
Non-Cash Adjustments To Reconcile Net Income	308	21	1,569
Changes in Operating Assets and Liabilities, net	-48	77	-69
Net Cash From Investing Activities	206	-51	-106
Net Cash From Continuing Investing Activities	206	-51	-106
Purchase of Property, Plant & Equipment	-7.84	-21	-12
Acquisitions	-61	-55	-96
Divestitures	276	26	1.90
Net Cash From Financing Activities	-211	-178	-31
Net Cash From Continuing Financing Activities	-211	-178	-31
Repayment of Debt	-161	-269	-340
Repurchase of Common Equity	-34	-6.54	-0.22
Issuance of Debt	0.00	100	326
Issuance of Common Equity	2.29	2.25	8.54
Other Financing Activities, net	-18	-4.69	-26
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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	8.28	43	42	-9.53	-44	5.56	13	30	235	-19
Net Cash From Operating Activities	8.65	34	58	-7.83	48	76	62	43	23	52
Net Cash From Continuing Operating Activities	15	34	53	-8.89	61	72	59	41	224	52
Net Income / (Loss) Continuing Operations	-178	-37	-114	-49	-2.66	-30	-15	-34	-1,463	23
Consolidated Net Income / (Loss)	-232	-43	-101	-3.12	-3.11	-23	-7.85	-48	-1,463	23
Depreciation Expense	52	52	50	52	51	52	51	54	42	58
Amortization Expense	1.63	1.67	1.67	1.80	1.91	2.15	2.13	2.11	2.19	2.25
Non-Cash Adjustments To Reconcile Net Income	188	9.22	107	3.91	0.13	11	-5.67	16	1,605	1.14
Changes in Operating Assets and Liabilities, net	-49	8.52	9.04	-17	6.50	40	27	3.46	38	-32
Net Cash From Investing Activities	2.32	101	36	68	-35	-9.70	1.49	-7.28	-3.04	-14
Net Cash From Continuing Investing Activities	-4.98	101	42	69	-40	-8.97	4.71	-5.99	-3.04	-14
Purchase of Property, Plant & Equipment	43	-25	-8.87	-16	3.73	-10	-8.06	-5.99	18	-8.50
Acquisitions	-48	-3.00	-8.43	-2.50	-52	-3.02	-	0.00	-21	-7.31
Net Cash From Financing Activities	0.07	-93	-52	-67	-64	-58	-50	-6.88	1.54	-52
Net Cash From Continuing Financing Activities	-4.30	-93	-48	-67	-63	-58	-51	-6.80	1.54	-52
Repayment of Debt	-3.19	-79	-28	-51	-78	-64	-66	-61	-190	-121
Other Financing Activities, net	-1.10	-1.75	-10	-5.14	-0.89	-	-0.04	-3.76	6.20	-10
Effect of Exchange Rate Changes	-3.17	1.17	-0.44	-2.14	-	-1.19	0.53	1.31	-	-5.71

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

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

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

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

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

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

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. View Advantage Solutions' forecast to see where analysts expect Advantage Solutions to go next.

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 5/25/2025 by MarketBeat.com Staff

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