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Side-by-side financial comparison of Advantage Solutions Inc. (ADV) and Calumet, Inc. (CLMT). Click either name above to swap in a different company.
Calumet, Inc. is the larger business by last-quarter revenue ($1.0B vs $932.1M, roughly 1.1× Advantage Solutions Inc.). Calumet, Inc. runs the higher net margin — -3.6% vs -17.4%, a 13.8% gap on every dollar of revenue. Calumet, Inc. produced more free cash flow last quarter ($103.8M vs $23.4M).
LexisNexis Risk Solutions is a global data and analytics company that provides data and technology services, analytics, predictive insights, and fraud prevention for a wide range of industries. It is headquartered in Alpharetta, Georgia, and has offices throughout the U.S. and in Australia, Brazil, China, France, Hong Kong, India, Ireland, Israel, the Philippines, and the United Kingdom.
Calumet, Inc. is a U.S.-headquartered specialty products firm that manufactures and distributes high-value hydrocarbon and specialty chemical products. Its offerings include specialty oils, lubricants, waxes, and renewable fuel solutions, serving industrial, consumer, and transportation segments across North America.
ADV vs CLMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $932.1M | $1.0B |
| Net Profit | $-161.7M | $-37.3M |
| Gross Margin | — | -0.3% |
| Operating Margin | -17.4% | -6.2% |
| Net Margin | -17.4% | -3.6% |
| Revenue YoY | 4.5% | — |
| Net Profit YoY | 9.2% | — |
| EPS (diluted) | — | $-0.43 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $932.1M | $1.0B | ||
| Q3 25 | $915.0M | $1.1B | ||
| Q2 25 | $873.7M | $1.0B | ||
| Q1 25 | $821.8M | $993.9M | ||
| Q4 24 | $892.3M | — | ||
| Q3 24 | $939.3M | $1.1B | ||
| Q2 24 | $873.4M | $1.1B | ||
| Q1 24 | $861.4M | — |
| Q4 25 | $-161.7M | $-37.3M | ||
| Q3 25 | $20.6M | $313.4M | ||
| Q2 25 | $-30.4M | $-147.9M | ||
| Q1 25 | $-56.1M | $-162.0M | ||
| Q4 24 | $-178.0M | — | ||
| Q3 24 | $-42.8M | $-100.6M | ||
| Q2 24 | $-100.8M | $-39.1M | ||
| Q1 24 | $-5.3M | — |
| Q4 25 | — | -0.3% | ||
| Q3 25 | — | 34.7% | ||
| Q2 25 | — | -4.2% | ||
| Q1 25 | — | -8.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 5.6% | ||
| Q1 24 | — | — |
| Q4 25 | -17.4% | -6.2% | ||
| Q3 25 | 4.4% | 30.0% | ||
| Q2 25 | 1.1% | -9.8% | ||
| Q1 25 | -1.8% | -4.9% | ||
| Q4 24 | -19.1% | — | ||
| Q3 24 | -0.3% | -5.2% | ||
| Q2 24 | -10.4% | 0.5% | ||
| Q1 24 | -3.5% | — |
| Q4 25 | -17.4% | -3.6% | ||
| Q3 25 | 2.2% | 29.1% | ||
| Q2 25 | -3.5% | -14.4% | ||
| Q1 25 | -6.8% | -16.3% | ||
| Q4 24 | -20.0% | — | ||
| Q3 24 | -4.6% | -9.1% | ||
| Q2 24 | -11.5% | -3.4% | ||
| Q1 24 | -0.6% | — |
| Q4 25 | — | $-0.43 | ||
| Q3 25 | — | $3.61 | ||
| Q2 25 | — | $-1.70 | ||
| Q1 25 | — | $-1.87 | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.13 | $-1.18 | ||
| Q2 24 | $-0.31 | $-0.48 | ||
| Q1 24 | $-0.02 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $240.8M | $125.1M |
| Total DebtLower is stronger | $1.7B | $2.1B |
| Stockholders' EquityBook value | $554.0M | $-732.7M |
| Total Assets | $2.8B | $2.7B |
| Debt / EquityLower = less leverage | 3.05× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $240.8M | $125.1M | ||
| Q3 25 | $201.1M | $94.6M | ||
| Q2 25 | $102.9M | $110.6M | ||
| Q1 25 | $121.1M | $123.4M | ||
| Q4 24 | $205.2M | — | ||
| Q3 24 | $196.1M | $34.6M | ||
| Q2 24 | $154.0M | $7.0M | ||
| Q1 24 | $112.3M | — |
| Q4 25 | $1.7B | $2.1B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $554.0M | $-732.7M | ||
| Q3 25 | $708.5M | $-695.3M | ||
| Q2 25 | $683.6M | $-1.0B | ||
| Q1 25 | $695.6M | $-862.3M | ||
| Q4 24 | $748.7M | — | ||
| Q3 24 | $932.5M | $-672.2M | ||
| Q2 24 | $973.7M | $-566.4M | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $2.8B | $2.7B | ||
| Q3 25 | $3.0B | $2.7B | ||
| Q2 25 | $3.0B | $2.8B | ||
| Q1 25 | $3.0B | $2.8B | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.4B | $2.6B | ||
| Q2 24 | $3.5B | $100 | ||
| Q1 24 | $3.6B | — |
| Q4 25 | 3.05× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.30× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $45.6M | $116.5M |
| Free Cash FlowOCF − Capex | $23.4M | $103.8M |
| FCF MarginFCF / Revenue | 2.5% | 10.0% |
| Capex IntensityCapex / Revenue | 2.4% | 1.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $10.7M | $56.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.6M | $116.5M | ||
| Q3 25 | $63.6M | $23.5M | ||
| Q2 25 | $-8.1M | $-1.8M | ||
| Q1 25 | $-39.6M | $-29.3M | ||
| Q4 24 | $15.1M | — | ||
| Q3 24 | $34.0M | $-15.5M | ||
| Q2 24 | $53.4M | — | ||
| Q1 24 | $-9.4M | — |
| Q4 25 | $23.4M | $103.8M | ||
| Q3 25 | $52.2M | $15.1M | ||
| Q2 25 | $-10.2M | $-15.4M | ||
| Q1 25 | $-54.7M | $-46.9M | ||
| Q4 24 | $-27.4M | — | ||
| Q3 24 | $8.6M | $-32.2M | ||
| Q2 24 | $43.8M | — | ||
| Q1 24 | $-24.8M | — |
| Q4 25 | 2.5% | 10.0% | ||
| Q3 25 | 5.7% | 1.4% | ||
| Q2 25 | -1.2% | -1.5% | ||
| Q1 25 | -6.7% | -4.7% | ||
| Q4 24 | -3.1% | — | ||
| Q3 24 | 0.9% | -2.9% | ||
| Q2 24 | 5.0% | — | ||
| Q1 24 | -2.9% | — |
| Q4 25 | 2.4% | 1.2% | ||
| Q3 25 | 1.3% | 0.8% | ||
| Q2 25 | 0.2% | 1.3% | ||
| Q1 25 | 1.8% | 1.8% | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 2.7% | 1.5% | ||
| Q2 24 | 1.1% | 2.2% | ||
| Q1 24 | 1.8% | — |
| Q4 25 | — | — | ||
| Q3 25 | 3.09× | 0.07× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADV
| Experiential Services | $395.9M | 42% |
| Branded Services | $289.8M | 31% |
| Retailer Services | $246.5M | 26% |
CLMT
| Specialty Products And Solutions | $675.9M | 65% |
| Montana Renewables | $294.2M | 28% |
| Performance Brands | $68.5M | 7% |
