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Advantage Solutions Inc. (ADV) stock

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NASDAQ: ADV Nasdaq Advertising Next results ~November 4, 2026

C+ Fundamentals grade

Advantage Solutions Inc. is a US-listed company in the advertising industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 129% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 129% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Advantage Solutions Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders3 buying, 0 selling9 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds59 adding, 22 cuttingOf 13 active managers that changed their stake, 9 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Advantage Solutions files

Where Advantage Solutions stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $3.61bn, up 2.2% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin rose to 3.2% from 0.0% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 7 financial-health checks.

Our model value for Advantage Solutions is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Advantage Solutions Inc.'s trailing-twelve-month revenue grew 2.2% year on year, with a free-cash-flow margin of 3.2%. Where it stands out: stock pay as % of revenue of 0.0% ranks 2 of 23 advertising companies we cover. Where it lags: long-term debt as % of assets of 59.7% ranks 15 of 15 advertising companies we cover.

Our discounted-cash-flow model values the business at ~$140 per share in the base case (~$78–$230 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 8963.5% while net income grew 10.3%: a 8953pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Advantage Solutions Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Loss-making. Operating margin is -3.2%: costs exceed revenue.
  • Volatile shares. Over the past year the shares showed annualised volatility of 94% and a beta of 0.3 against the S&P 500.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 59.7% ranks 15 of 15 advertising companies we cover (median 18.9%).
  • Heavily shorted. 11.7% of the shares available to trade are sold short (9.5 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 4 of the last four quarters.

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
-$2.88 against an average estimate of $1.51: missed by 290.8%
Revenue
$889m, up 1.8% on a year earlier
Share reaction
-39.3% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Guidance given
adjusted Unlevered Free Cash Flow $250m to $275m (Fiscal Year 2026 Outlook); net Free Cash Flow (% of Adjusted EBITDA) 25% (Fiscal Year 2026 Outlook)
Next report
November 4, 2026; average EPS estimate $1.92

Advantage Solutions' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+6.0%
  • 1 week+11.4%
  • 1 month+15.9%
  • This year+45.6%
  • 1 year+0.1%
  • 5 years-85.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.6B
Operating margin
-3.2%
Net margin
-7.6%
EPS (TTM, diluted)
$-21.10

Growth

Revenue growth
+2.2%
Change in growth rate
+0.4 pts
Share count change
+1.3%

Cash

Free cash flow (TTM)
$116M
FCF margin
3.2%
Stock pay % of revenue
0.0%

Earnings

Last results
August 5, 2026
Next results (est.)
November 5, 2026

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Results
  3. Governance
  4. Leadership
  5. Results
  6. Guidance
  7. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Advantage Solutions Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 129% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Our value per share comes from a discounted-cash-flow model of Advantage Solutions Inc.'s free cash flow after stock-based pay ( $201M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation multiples over time Market data may be delayed

At fiscal year end 202020212022202320242025
Share price$329.25$200.50$52.00$90.50$73.00$22.00
Market value$73.5bn$64.4bn$16.6bn$29.3bn$23.5bn$7.1bn
+ Net debt (− = net cash)$1.9bn$1.9bn$2.0bn$1.8bn$1.5bn$1.4bn
Enterprise value$75.4bn$66.3bn$18.5bn$31.1bn$25.0bn$8.6bn
Multiples
Price / sales 23.3x17.9x4.5x7.5x6.6x2.0x
Price / earnings —n/m————
Price / free cash flow n/mn/m179.4x141.0xn/m129.7x
EV / EBITDA n/m141.0x—121.6x—113.3x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

21 /100

Weak moat

How hard Advantage Solutions's competitive advantage looks for rivals to wear away, judged from 7 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -10.1% of total assets over 7 years.

  • Durability 10 / 20

    Operating margin has been a median -2.9%; its worst year was -41.6%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 5 of 5 years, at a median 3.2% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (36 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, before the open. Analysts expect revenue of $900m and EPS of $1.92 (range $1.92 to $1.92) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.79 +154% $3.6bn +1%
Next $7.66 +328% $3.6bn +1%

Next year's EPS estimate has moved −18.0% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −62.0% on 90 days ago. In the last 30 days, 0 analysts raised Advantage Solutions Inc.'s forecast and 1 cut it.

Consensus EPS forecast Advantage Solutions Inc., last 90 days
$0.00 $5.00 $10.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.71 Current fiscal year, 60 days ago: $4.71 Current fiscal year, 30 days ago: $4.71 Current fiscal year, 7 days ago: $4.71 Current fiscal year, Now: $1.79 $1.79 Next fiscal year, 90 days ago: $9.34 Next fiscal year, 60 days ago: $9.34 Next fiscal year, 30 days ago: $9.34 Next fiscal year, 7 days ago: $9.34 Next fiscal year, Now: $7.66 $7.66

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.71$9.34
60 days ago $4.71$9.34
30 days ago $4.71$9.34
7 days ago $4.71$9.34
Now $1.79$7.66

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.51 −$2.88 −290.8%
Mar 2026 −$3.74 −$5.49 −46.8%
Dec 2025 $2.75 −$0.46 −116.5%
Sept 2025 $5.90 $1.83 −69.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • Adjusted Unlevered Free Cash Flow Fiscal Year 2026 Outlook $250m to $275m Non-GAAP Maintained
    “Free Cash Flow (3) Unchanged Unlevered: $250 - $275 Net: ~25% of EBITDA” source
  • Net Free Cash Flow (% of Adjusted EBITDA) Fiscal Year 2026 Outlook about 25% Non-GAAP Maintained
    “Free Cash Flow (3) Unchanged Unlevered: $250 - $275 Net: ~25% of EBITDA” source
  • Net Interest Expense Fiscal Year 2026 Outlook about $160m
    “Net Interest Expense ~ $160 $160 to $170” source
  • Capex Fiscal Year 2026 Outlook $45m to $55m
    “Capex $45 to $55 $50 to $60” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Advantage Solutions Inc.'s revenue by +1.2% next year and +1.9% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+0.3%, weight 45%) and the company's own record (+2.0%, weight 55%) . How the weights are set.

Analyst recommendations

2 analysts, Nov 2026
Buy150%
Hold150%
Sell00%

Monthly trend

  1. Nov 2026112

Counts of recommendations published by analysts covering Advantage Solutions Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
11.7%
of tradable shares
Days to cover
9.54
at average volume
Short interest, 1 month
−2%
to October 15, 2026
Held by institutions
34%
of shares
Held by insiders
58.6%
of shares
Employees
16,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +0.1%

$32.00 on October 31, 2025 to $32.04

ThenNowEffect
Revenue (last 12 months) $3.5bn $3.6bn +2.2%
P/S multiple 0.1x 0.1x −0.1%
Share count 13m 13m −2.0%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

Last 3 years −46.6%

$60.00 on November 3, 2023 to $32.04

ThenNowEffect
Revenue (last 12 months) $3.7bn $3.6bn −1.4%
P/S multiple 0.2x 0.1x −44.5%
Share count 13m 13m −2.4%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ADV−39%−74%+74%−19%−70%+46%
Industry peers (median)+22%−54%+10%−10%−37%−19%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ADV25%25%67%33%25%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ADV−48%−77%−60%−42%−71%−56%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since January 2, 2020: 96% from December 22, 2020 to February 24, 2026. Getting back needed a 2597% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$12.55 – $46.82
From 52-week high
−31.6%
vs 50-day average
+3.4%
vs 200-day average
+5.8%
Volatility (1 year)
94%
Beta vs S&P 500
0.28

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±16.8%
After a week
3 up, 9 down
typical move ±13.9%
After a month
8 up, 4 down
typical move ±23.0%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 −39.3% −0.4% −25.5% −23.5%
May 6, 2026 +17.6% +1.1% −7.5% +2.6%
March 3, 2026 +3.4% −0.2% +21.9% +39.1%
November 6, 2025 −8.1% −1.0% −2.4% −29.8%
August 7, 2025 +37.3% +0.7% +35.8% +43.3%
May 12, 2025 −23.1% +4.0% −15.6% +12.2%
March 7, 2025 −22.9% −2.1% −28.0% −47.0%
November 7, 2024 +10.1% +1.2% −3.3% +2.7%
August 7, 2024 +4.0% +1.6% −2.5% +3.6%
May 9, 2024 −17.6% +0.7% −22.1% −29.8%
February 29, 2024 +2.1% +1.3% −1.1% +13.5%
November 7, 2023 −16.0% +0.4% +0.8% +29.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Advantage Solutions Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Advantage Solutions Inc.
$3.4B $3.6B $3.8B $4B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $3.6B Revenue (TTM), FY23 Q4: $3.9B Revenue (TTM), FY24 Q1: $3.8B Revenue (TTM), FY24 Q2: $3.7B Revenue (TTM), FY24 Q3: $3.7B Revenue (TTM), FY24 Q4: $3.6B Revenue (TTM), FY25 Q1: $3.5B Revenue (TTM), FY25 Q2: $3.5B Revenue (TTM), FY25 Q3: $3.5B Revenue (TTM), FY25 Q4: $3.5B Revenue (TTM), FY26 Q1: $3.6B Revenue (TTM), FY26 Q2: $3.6B $3.6B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $3.6B
FY23 Q4 $3.9B
FY24 Q1 $3.8B
FY24 Q2 $3.7B
FY24 Q3 $3.7B
FY24 Q4 $3.6B
FY25 Q1 $3.5B
FY25 Q2 $3.5B
FY25 Q3 $3.5B
FY25 Q4 $3.5B
FY26 Q1 $3.6B
FY26 Q2 $3.6B
Revenue growth, TTM YoY Advantage Solutions Inc.
-10% -5% 0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -8.9% Revenue growth, TTM YoY, FY23 Q4: 7.5% Revenue growth, TTM YoY, FY24 Q1: 4.4% Revenue growth, TTM YoY, FY24 Q2: 2.4% Revenue growth, TTM YoY, FY24 Q3: 1.1% Revenue growth, TTM YoY, FY24 Q4: -9.0% Revenue growth, TTM YoY, FY25 Q1: -8.1% Revenue growth, TTM YoY, FY25 Q2: -5.9% Revenue growth, TTM YoY, FY25 Q3: -4.5% Revenue growth, TTM YoY, FY25 Q4: -0.7% Revenue growth, TTM YoY, FY26 Q1: 1.8% Revenue growth, TTM YoY, FY26 Q2: 2.2% 2.2%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -8.9%
FY23 Q4 7.5%
FY24 Q1 4.4%
FY24 Q2 2.4%
FY24 Q3 1.1%
FY24 Q4 -9.0%
FY25 Q1 -8.1%
FY25 Q2 -5.9%
FY25 Q3 -4.5%
FY25 Q4 -0.7%
FY26 Q1 1.8%
FY26 Q2 2.2%
Operating margin (TTM) Advantage Solutions Inc.
-60% -40% -20% 0% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -43.1% Operating margin (TTM), FY23 Q4: 1.3% Operating margin (TTM), FY24 Q1: 0.3% Operating margin (TTM), FY24 Q2: -2.5% Operating margin (TTM), FY24 Q3: -2.8% Operating margin (TTM), FY24 Q4: -8.3% Operating margin (TTM), FY25 Q1: -7.9% Operating margin (TTM), FY25 Q2: -5.1% Operating margin (TTM), FY25 Q3: -3.9% Operating margin (TTM), FY25 Q4: -3.6% Operating margin (TTM), FY26 Q1: -3.0% Operating margin (TTM), FY26 Q2: -3.2% -3.2%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -43.1%
FY23 Q4 1.3%
FY24 Q1 0.3%
FY24 Q2 -2.5%
FY24 Q3 -2.8%
FY24 Q4 -8.3%
FY25 Q1 -7.9%
FY25 Q2 -5.1%
FY25 Q3 -3.9%
FY25 Q4 -3.6%
FY26 Q1 -3.0%
FY26 Q2 -3.2%
FCF margin (TTM) Advantage Solutions Inc.
0% 2% 4% 6% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 5.4% FCF margin (TTM), FY23 Q4: 5.3% FCF margin (TTM), FY24 Q1: 3.8% FCF margin (TTM), FY24 Q2: 3.6% FCF margin (TTM), FY24 Q3: 2.2% FCF margin (TTM), FY24 Q4: 2.4% FCF margin (TTM), FY25 Q1: 1.6% FCF margin (TTM), FY25 Q2: 0.0% FCF margin (TTM), FY25 Q3: 1.3% FCF margin (TTM), FY25 Q4: 1.6% FCF margin (TTM), FY26 Q1: 3.4% FCF margin (TTM), FY26 Q2: 3.2% 3.2%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 5.4%
FY23 Q4 5.3%
FY24 Q1 3.8%
FY24 Q2 3.6%
FY24 Q3 2.2%
FY24 Q4 2.4%
FY25 Q1 1.6%
FY25 Q2 0.0%
FY25 Q3 1.3%
FY25 Q4 1.6%
FY26 Q1 3.4%
FY26 Q2 3.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 3,708 3,785 3,156 3,602 3,646 3,900 3,566 3,543 3,606
EBITDA −865 446 306 470 −1,278 255 −90 76 88
Operating income −1,090 214 67 230 −1,494 47 −295 −126 −116
Net income −1,157 −21 −176 54 −1,381 −63 −327 −228 −276
Diluted EPS −$5.68 −$0.10 −$0.79 $0.17 −$4.33 −$0.20 — — —
Growth (year on year)
Revenue — +2.1% −16.6% +14.2% +1.2% +7.0% −8.6% −0.7% +2.2%
EBITDA — — −31.5% +53.8% −371.8% — −135.4% — —
Operating income — — −68.6% +243.3% −749.4% — — — —
Margins
EBITDA margin −23.3% 11.8% 9.7% 13.0% −35.0% 6.5% −2.5% 2.1% 2.4%
Operating margin −29.4% 5.6% 2.1% 6.4% −41.0% 1.2% −8.3% −3.6% −3.2%
Net margin −31.2% −0.6% −5.6% 1.5% −37.9% −1.6% −9.2% −6.4% −7.6%
Free-cash-flow margin 2.1% 2.6% 10.0% 2.6% 2.5% 5.3% 2.4% 1.6% 3.2%
Cash flow
Cash from operations 126 151 346 126 105 228 93 62 126
Capital spending 47 52 31 31 12 21 8 6 10
Free cash flow 79 99 315 95 92 208 85 55 116
Stock-based pay −8 1 90 −15 −7 −3 1 −2 0
Free cash flow after stock pay 87 98 225 110 99 210 85 57 116
Balance sheet
Cash 142 184 204 165 118 121 205 241 102
Total debt 0 3,230 2,154 2,093 2,079 1,897 1,721 1,688 1,585
Net debt (negative = net cash) −142 3,045 1,949 1,928 1,961 1,777 1,516 1,447 1,483
Diluted shares 204m 204m 223m 321m 319m 324m 322m 325m —
Returned to shareholders
Buybacks — 0 0 13 0 6 34 1 17
Total returned — 0 0 13 0 6 34 1 17

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 7 checks passed · June 30, 2026
What it owns · $2.5bn
Short-term assets $830mLonger-term assets $1.7bn
What it owes, and who funded it · $2.5bn
Short-term liabilities $463mLonger-term liabilities $1.7bnShareholders' equity $402m
  • Short-term assets cover short-term liabilities $830m of assets due within a year against $463m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $830m short-term assets against $1.7bn of longer-dated liabilities.
  • More cash than debt $102m of cash against $1.5bn of debt.
  • Debt below 40% of shareholders' equity Debt is 384% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 82% to 384% over five years.
  • A year's operating cash flow covers at least 20% of debt $126m of operating cash flow against $1.5bn of debt.
  • Operating profit covers interest at least five times over Operating income of −$116m against $144m of interest.

From Advantage Solutions Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$17M
Returned to shareholders
15%
of free cash flow
Buybacks, last 3 fiscal years
$41.3M
Diluted share count
+1.3%
year over year
Total shareholder yield
4.1%
dividends 0.0% + buybacks 4.1% of market value
Sales & admin spending
6.8%
of revenue
Days sales outstanding
64 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in advertising
Last 12 months unless stated ADV STGW TBLA TEAD DV MGNI Median
Revenue, last 12 months $3.6bn $3.1bn $2.0bn $1.2bn $786m $742m $202m
Revenue growth, last 12 months 2.2% 7.7% 8.0% 12.3% 7.2% 8.3% −1.2%
Revenue growth, 3-year average −0.5% 6.5% 12.9% 9.0% 13.7% 7.1% 7.7%
Revenue growth, latest quarter 1.8% 9.8% 2.4% −17.1% 9.0% 11.2% 2.4%
Gross margin — 36.0% 29.7% 33.2% 82.2% 64.8% 40.3%
Operating margin −3.2% 4.0% 6.5% −31.9% 13.3% 15.6% −3.3%
Operating margin, 3-year average −3.6% 4.4% 2.3% −12.2% 12.3% 9.6% −2.8%
Net margin −7.6% 0.3% 6.1% −43.3% 8.2% 22.5% −2.3%
Cash from operations / revenue 3.5% 13.3% 12.9% −3.5% 26.6% 37.9% 3.5%
Free-cash-flow margin 3.2% 11.8% 10.2% −3.7% 21.3% 27.0% 3.9%
Free-cash-flow margin, 3-year average 2.3% 7.9% 8.2% 2.3% 21.3% 25.4% 8.1%
Stock pay / revenue 0.0% 2.3% 3.1% 0.9% 12.8% 10.1% 2.7%
Change in share count 1.3% 12.9% — 34.9% −4.4% 3.8% 4.2%

Median of all 27 companies we cover in advertising. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

27 advertising companies
Measure Company Peer median Rank
Revenue growth Growth 2.2% -1.2% 12 of 27
Change in growth rate Growth +0.4pp -0.5pp 13 of 27
Operating margin Profitability -3.2% -3.2% 13 of 26
Net margin Profitability -7.6% -2.3% 17 of 27
Free-cash-flow margin Cash generation 3.2% 4.7% 14 of 26
Stock pay as % of revenue Cash generation 0.0% 2.7% 2 of 23
Long-term debt as % of assets Balance sheet 59.7% 18.9% 15 of 15
Change in share count Balance sheet 1.3% 4.2% 10 of 24
Days sales outstanding Balance sheet 64 days 91 days 8 of 25

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue YoY
North America $3.4B ▼ 1.3%
United States $3.1B 0.0%
Asia Pacific $163M ▲ 12.1%
Europe $11.2M ▲ 43.8%

These categories overlap or exclude eliminations, so shares aren't shown.

From Advantage Solutions Inc.'s 10-K filed March 3, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$161M
Institutions reporting
86
Shares held vs prior quarter
▲ 3.3%
Positions opened / closed
27 / 9

Top buyers and sellers, Q2 2026: 59 institutions bought and 22 sold ; the biggest buyer was Walleye Capital LLC (+60K shares) and the biggest seller Castleknight Management LP (−167K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Leonard Green & Partners, L.P. $26.7M 618K 16.6% 0.0%
Cvc Management Holdings Ii Ltd. $26.4M 612K 16.4% 0.0%
Castleknight Management LP $25.1M 581K 15.6% ▼ 22.3%
Blackrock, Inc. $14.7M 340K 9.1% ▲ 20.8%
Vanguard Capital Management LLC $8.7M 200K 5.4% ▼ 14.3%
Geode Capital Management, LLC $5.5M 126K 3.4% ▲ 8.8%
Bain Capital Investors LLC $5M 116K 3.1% 0.0%
Charles Schwab Investment Management Inc $4.4M 101K 2.7% ▼ 23.1%
Dimensional Fund Advisors LP $4.2M 97K 2.6% ▼ 38.5%
State Street Corp $3.9M 91K 2.4% ▲ 3.7%
Walleye Capital LLC $2.6M 60K 1.6% New
Bank Of America Corp $2.2M 51K 1.4% New

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Advantage Solutions Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $367,985 9 trades by 3 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $367,985 net buying
Insider Date Trade Shares Price Value
Peacock David A Chief Executive Officer May 19, 2026 Buy 800 $34.60 $27,680
Peacock David A Chief Executive Officer May 18, 2026 Buy 800 $34.60 $27,680
Kilts James M Director March 23, 2026 Buy 30,999 $0.79 $24,489
Kilts James M Director March 20, 2026 Buy 33,554 $0.77 $25,837
Kilts James M Director March 11, 2026 Buy 16,759 $0.70 $11,731
Kilts James M Director March 10, 2026 Buy 75,368 $0.69 $52,004
Kilts James M Director March 9, 2026 Buy 66,499 $0.61 $40,564
Growe Christopher Chief Financial Officer March 6, 2026 Buy 50,000 $0.60 $30,000
Peacock David A Chief Executive Officer March 5, 2026 Buy 200,000 $0.64 $128,000

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 6, 2026
  • March 3, 2026
  • November 6, 2025
  • August 7, 2025
  • May 12, 2025

Recent SEC filings

Data status

When each part of this page on Advantage Solutions Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Advantage Solutions Inc. in brief

What does Advantage Solutions Inc. do?
Advantage Solutions Inc. is a US-listed company in the advertising industry. Its financial year ends in December.
What is Advantage Solutions Inc.'s stock ticker?
Advantage Solutions Inc. trades under the ticker ADV on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Advantage Solutions Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Advantage Solutions Inc. reported revenue of $3.6B, 2.2% higher than a year earlier, according to its SEC filings.
What is Advantage Solutions Inc.'s free cash flow?
Advantage Solutions Inc.'s free-cash-flow margin is 3.2% of revenue over the trailing twelve months, ranking 14 of the 26 advertising companies we cover.
Who are Advantage Solutions Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Leonard Green & Partners, L.P., Cvc Management Holdings Ii Ltd. and Castleknight Management LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Advantage Solutions Inc. buying back stock, and does it pay a dividend?
Advantage Solutions Inc. spent $17M on share repurchases over the trailing twelve months, and its diluted share count still rose 1.3% over the year.
What is Advantage Solutions Inc.'s market cap?
On December 31, 2025, Advantage Solutions Inc.'s market capitalisation was about $7.1B and net debt of $1.4B. Market figures come from third-party market data and may be delayed.
How much debt does Advantage Solutions Inc. have?
Advantage Solutions Inc.'s debt-to-equity ratio is 383.6%, from its latest balance sheet (81.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are Advantage Solutions Inc.'s competitors?
In our Advertising peer group, the companies closest to Advantage Solutions Inc. are Stagwell Inc, Taboola.com Ltd., Teads Holding Co., Doubleverify Holdings, Inc. and Magnite, Inc. The side-by-side comparison below sets their revenue, margins and growth against Advantage Solutions Inc.'s.
Are insiders buying or selling Advantage Solutions Inc. stock?
Over the last 12 months, Advantage Solutions Inc.'s directors and officers reported 9 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Advantage Solutions Inc.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Advantage Solutions Inc. announces its own schedule.