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Financial Analysis

Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data

Fundamentals

Advantage Solutions Inc. ADV

· Technology · Services-Business Services, NEC

FY2025 10-K, filed 2026-03-03
SEC EDGAR

Filing evidence summary

Mixed evidenceCoverage 4/5 core metrics

Flagged areas: Solvency & liquidity.

Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.

Evidence signals

  • 3 filing risk checks flagged

    Flagged areas: Solvency & liquidity.

    Why this surfaced

    The full financial analysis shows each value, threshold, and sector limitation.

  • Revenue was broadly stable

    Latest reported annual revenue changed -0.7% from the prior reported annual observation.

    Why this surfaced

    Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.

  • Operating margin improved

    Operating margin changed +4.7 percentage points from the prior annual period.

    Why this surfaced

    Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.

Core trend metrics

Latest annual revenue growth
-0.7%
as of 2025-12-31
Latest annual operating margin
-3.6%
as of 2025-12-31
Debt / equity
3.05x
as of 2025-12-31
ROIC snapshot
-5.2%
period varies

Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.

Where to look next

Risk checks

3of 10 rule-based checks flagged
  • Solvency & liquidity

Financial movement

  • Cash→ flat
  • Long-term debt→ flat
  • Inventory→ flat
  • Receivables→ flat
  • Current assets→ flat

Source & freshness

Source
SEC EDGAR XBRL
Fetched
2026-09-06
Latest period end
2025-12-31
Filings
EDGAR ↗

Reported segment mix

figures as filed · share of the filed sum · change vs the prior period in the same filing
Fiscal year ending 2025-12-3110-K filed 2026-03-03prior period 2024-12-31 from the same filingView filing
By geography
Revenue
  • North America$3.37B
    share n/a
    -1.3% yoy
  • United States$3.1B
    share n/a
    0.0% yoy
  • Asia Pacific$163M
    share n/a
    +12.1% yoy
  • Europe$11.2M
    share n/a
    +43.8% yoy

member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.

Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.

Peer percentiles

latest fiscal year ending 2025-12-31 · among 4,122 US-listed filers · 817 in Technology
MetricValuevs all filersvs sector
Revenue
latest fiscal-year revenue as filed
$3.5B
75thof 3,301
top third
78thof 778
top third
Revenue growth
latest fiscal-year revenue vs the prior fiscal year
-0.7%
27thof 3,135
bottom third
23rdof 743
bottom third
Operating margin
operating income ÷ revenue
-3.6%
38thof 2,819
middle third
38thof 752
middle third
Net margin
net income ÷ revenue
-6.4%
33rdof 3,263
bottom third
34thof 770
middle third
Return on equity
net income ÷ stockholders' equity (positive equity only)
-41.1%
20thof 3,577
bottom third
17thof 720
bottom third
Stock comp ÷ revenue
stock-based compensation ÷ revenue · lower is ranked higher
0.0%
99thof 2,895
top third
100thof 729
top third
Days sales outstanding
receivables ÷ revenue × 365 · lower is ranked higher
61 days
35thof 2,398
middle third
50thof 712
middle third
Net debt ÷ operating cash flow
net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher
23.5×
4thof 1,547
bottom third
3rdof 338
bottom third
Cash-flow accrual ratio
(net income − operating cash flow) ÷ average total assets · lower is ranked higher
-9.8%
74thof 3,577
top third
61stof 722
middle third
Balance-sheet accrual ratio
change in net operating assets ÷ average net operating assets · lower is ranked higher
-12.4%
77thof 3,059
top third
76thof 634
top third

Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.

Earnings quality

latest fiscal year ending 2025-12-31 · accruals and cash conversion as filed
Cash conversion
-
operating cash flow ÷ net income, latest fiscal year
Cash-flow accrual ratio
-9.8%
(net income − operating cash flow) ÷ average total assets
Balance-sheet accrual ratio
-12.4%
change in net operating assets ÷ average net operating assets
Cash-backed years
5 of 5
fiscal years where operating cash flow met or exceeded net income
Mean cash conversion
2.31×
across the stored fiscal years with positive net income

Per fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.

Point-in-time ledger

first-reported vs latest filing · periods since 2020-01-01 · 38 changed periods, 26 largest shown
Line itemPeriodFirst reportedLatest filingChangeFilings
Net income
NetIncomeLoss
quarter 2020-06-30$17.6K
10-Q 2020-08-13
-$37.4M
10-Q 2021-08-09
-212273.1%first · latest
Operating cash flow
NetCashProvidedByUsedInOperatingActivities
quarter 2020-03-31-$104K
10-Q 2020-05-13
$51M
10-Q 2021-05-17
+49165.7%first · latest
Operating income
OperatingIncomeLoss
quarter 2020-03-31-$262K
10-Q 2020-05-13
$31.4M
10-Q 2021-05-17
+12105.6%first · latest
Net income
NetIncomeLoss
quarter 2020-03-31$901K
10-Q 2020-05-13
-$21.7M
10-Q 2021-05-17
-2508.3%first · latest
Operating income
OperatingIncomeLoss
quarter 2020-09-30-$5.02M
10-Q 2020-10-22
$88.6M
10-Q 2021-11-09
+1865.0%first · latest
Net income
NetIncomeLoss
quarter 2020-09-30-$4.98M
10-Q 2020-10-22
$35.9M
10-Q 2021-11-09
+821.8%first · latest
Operating income
OperatingIncomeLoss
quarter 2023-03-31-$8.26M
10-Q 2023-05-10
$6.74M
10-Q 2024-05-10
+181.7%first · latest
Operating income
OperatingIncomeLoss
quarter 2020-06-30-$160K
10-Q 2020-08-13
$3K
10-Q 2021-08-09
+101.9%first · latest
Operating income
OperatingIncomeLoss
quarter 2023-09-30$16M
10-Q 2023-11-07
$6.65M
10-Q 2024-11-12
-58.4%first · latest
Operating income
OperatingIncomeLoss
fiscal year 2023-12-31$76.2M
10-K 2024-03-01
$46.6M
10-K 2026-03-03
-38.9%first · latest · 3 filings carry it
Operating income
OperatingIncomeLoss
quarter 2023-06-30$22.3M
10-Q 2023-08-04
$15.3M
10-Q 2024-08-09
-31.5%first · latest
Operating cash flow
NetCashProvidedByUsedInOperatingActivities
quarter 2024-03-31-$7.83M
10-Q 2024-05-10
-$9.38M
10-Q 2025-05-12
-19.7%first · latest
Goodwill
Goodwill
balance at 2022-12-31$888M
10-K 2023-03-01
$725M
10-K 2025-03-07
-18.4%first · latest · 6 filings carry it
Goodwill
Goodwill
balance at 2023-12-31$855M
10-K 2024-03-01
$710M
10-K 2026-03-03
-17.0%first · latest · 6 filings carry it
Operating cash flow
NetCashProvidedByUsedInOperatingActivities
fiscal year 2022-12-31$121M
10-K 2023-03-01
$105M
10-K 2025-03-07
-13.7%first · latest · 3 filings carry it
Operating income
OperatingIncomeLoss
quarter 2024-03-31-$26.8M
10-Q 2024-05-10
-$29.9M
10-Q 2025-05-12
-11.9%first · latest
Revenue
RevenueFromContractWithCustomerExcludingAssessedTax
fiscal year 2022-12-31$4.05B
10-K 2023-03-01
$3.65B
10-K 2025-03-07
-10.0%first · latest · 3 filings carry it
Net income
NetIncomeLoss
fiscal year 2020-12-31-$162M
10-K 2021-03-16
-$176M
10-K 2023-03-01
-8.2%first · latest · 4 filings carry it
Revenue
RevenueFromContractWithCustomerExcludingAssessedTax
fiscal year 2023-12-31$4.22B
10-K 2024-03-01
$3.9B
10-K 2026-03-03
-7.7%first · latest · 3 filings carry it
Depreciation and amortization
DepreciationAndAmortization
quarter 2023-06-30$56.7M
10-Q 2023-08-04
$52.5M
10-Q 2024-08-09
-7.5%first · latest
Depreciation and amortization
DepreciationAndAmortization
fiscal year 2022-12-31$233M
10-K 2023-03-01
$216M
10-K 2025-03-07
-7.3%first · latest · 3 filings carry it
Depreciation and amortization
DepreciationAndAmortization
quarter 2023-09-30$56.5M
10-Q 2023-11-07
$52.4M
10-Q 2024-11-12
-7.2%first · latest
Revenue
RevenueFromContractWithCustomerExcludingAssessedTax
quarter 2023-06-30$1.04B
10-Q 2023-08-04
$964M
10-Q 2024-08-09
-7.1%first · latest
Depreciation and amortization
DepreciationAndAmortization
fiscal year 2023-12-31$225M
10-K 2024-03-01
$209M
10-K 2026-03-03
-7.0%first · latest · 3 filings carry it
Revenue
RevenueFromContractWithCustomerExcludingAssessedTax
quarter 2023-09-30$1.1B
10-Q 2023-11-07
$1.02B
10-Q 2024-11-12
-7.0%first · latest
Revenue
RevenueFromContractWithCustomerExcludingAssessedTax
quarter 2023-03-31$1.01B
10-Q 2023-05-10
$944M
10-Q 2024-05-10
-6.7%first · latest

4 share-count periods re-presented for a stock split (1-for-25) are listed apart from restatements and not counted above.

First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.

Notes by disclosure type

Not available for ADV yet: no footnote text blocks on file for this filer in the ingested DERA files.

Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.

Educational content only. Not financial advice. TrendNalysis provides educational and informational financial analysis built from public SEC filings and economic data (FRED, BLS). It is not financial, investment, tax, or legal advice and is not a recommendation to buy or sell any security. Market pricing is not currently included. Past performance does not guarantee future results. Always do your own research and consult a licensed financial professional before investing.