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Side-by-side financial comparison of Advantage Solutions Inc. (ADV) and Edwards Lifesciences (EW). Click either name above to swap in a different company.

Edwards Lifesciences is the larger business by last-quarter revenue ($1.6B vs $932.1M, roughly 1.8× Advantage Solutions Inc.). Edwards Lifesciences runs the higher net margin — 23.1% vs -17.4%, a 40.4% gap on every dollar of revenue. On growth, Edwards Lifesciences posted the faster year-over-year revenue change (16.7% vs 4.5%). Over the past eight quarters, Edwards Lifesciences's revenue compounded faster (9.7% CAGR vs 4.0%).

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.

Edwards Lifesciences Corporation is an American medical technology company headquartered in Irvine, California, specializing in artificial heart valves and hemodynamic monitoring. It developed the Sapien transcatheter aortic heart valve made of cow tissue within a balloon-expandable, cobalt-chromium frame, deployed via catheter.

ADV vs EW — Head-to-Head

Bigger by revenue
EW
EW
1.8× larger
EW
$1.6B
$932.1M
ADV
Growing faster (revenue YoY)
EW
EW
+12.2% gap
EW
16.7%
4.5%
ADV
Higher net margin
EW
EW
40.4% more per $
EW
23.1%
-17.4%
ADV
Faster 2-yr revenue CAGR
EW
EW
Annualised
EW
9.7%
4.0%
ADV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ADV
ADV
EW
EW
Revenue
$932.1M
$1.6B
Net Profit
$-161.7M
$380.7M
Gross Margin
78.0%
Operating Margin
-17.4%
1.8%
Net Margin
-17.4%
23.1%
Revenue YoY
4.5%
16.7%
Net Profit YoY
9.2%
6.8%
EPS (diluted)
$0.66

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.

Revenue
ADV
ADV
EW
EW
Q1 26
$1.6B
Q4 25
$932.1M
$1.6B
Q3 25
$915.0M
$1.6B
Q2 25
$873.7M
$1.5B
Q1 25
$821.8M
$1.4B
Q4 24
$892.3M
$1.4B
Q3 24
$939.3M
$1.4B
Q2 24
$873.4M
$1.4B
Net Profit
ADV
ADV
EW
EW
Q1 26
$380.7M
Q4 25
$-161.7M
$91.2M
Q3 25
$20.6M
$291.1M
Q2 25
$-30.4M
$333.2M
Q1 25
$-56.1M
$358.0M
Q4 24
$-178.0M
$385.6M
Q3 24
$-42.8M
$3.1B
Q2 24
$-100.8M
$366.3M
Gross Margin
ADV
ADV
EW
EW
Q1 26
78.0%
Q4 25
78.1%
Q3 25
77.8%
Q2 25
77.5%
Q1 25
78.7%
Q4 24
78.9%
Q3 24
80.6%
Q2 24
79.9%
Operating Margin
ADV
ADV
EW
EW
Q1 26
1.8%
Q4 25
-17.4%
9.6%
Q3 25
4.4%
19.8%
Q2 25
1.1%
26.8%
Q1 25
-1.8%
27.9%
Q4 24
-19.1%
22.6%
Q3 24
-0.3%
25.9%
Q2 24
-10.4%
26.8%
Net Margin
ADV
ADV
EW
EW
Q1 26
23.1%
Q4 25
-17.4%
5.8%
Q3 25
2.2%
18.7%
Q2 25
-3.5%
21.7%
Q1 25
-6.8%
25.3%
Q4 24
-20.0%
27.8%
Q3 24
-4.6%
226.7%
Q2 24
-11.5%
26.7%
EPS (diluted)
ADV
ADV
EW
EW
Q1 26
$0.66
Q4 25
$0.16
Q3 25
$0.50
Q2 25
$0.56
Q1 25
$0.61
Q4 24
$0.65
Q3 24
$-0.13
$5.13
Q2 24
$-0.31
$0.61

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ADV
ADV
EW
EW
Cash + ST InvestmentsLiquidity on hand
$240.8M
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$554.0M
Total Assets
$2.8B
Debt / EquityLower = less leverage
3.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADV
ADV
EW
EW
Q1 26
Q4 25
$240.8M
$4.2B
Q3 25
$201.1M
$3.8B
Q2 25
$102.9M
$4.1B
Q1 25
$121.1M
$3.9B
Q4 24
$205.2M
$4.0B
Q3 24
$196.1M
$4.4B
Q2 24
$154.0M
$2.0B
Total Debt
ADV
ADV
EW
EW
Q1 26
Q4 25
$1.7B
Q3 25
Q2 25
Q1 25
Q4 24
$1.7B
Q3 24
Q2 24
Stockholders' Equity
ADV
ADV
EW
EW
Q1 26
Q4 25
$554.0M
$10.3B
Q3 25
$708.5M
$10.2B
Q2 25
$683.6M
$10.5B
Q1 25
$695.6M
$10.1B
Q4 24
$748.7M
$10.0B
Q3 24
$932.5M
$9.5B
Q2 24
$973.7M
$7.4B
Total Assets
ADV
ADV
EW
EW
Q1 26
Q4 25
$2.8B
$13.7B
Q3 25
$3.0B
$13.3B
Q2 25
$3.0B
$13.5B
Q1 25
$3.0B
$13.0B
Q4 24
$3.1B
$13.1B
Q3 24
$3.4B
$13.0B
Q2 24
$3.5B
$10.1B
Debt / Equity
ADV
ADV
EW
EW
Q1 26
Q4 25
3.05×
Q3 25
Q2 25
Q1 25
Q4 24
2.30×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ADV
ADV
EW
EW
Operating Cash FlowLast quarter
$45.6M
Free Cash FlowOCF − Capex
$23.4M
FCF MarginFCF / Revenue
2.5%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$10.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADV
ADV
EW
EW
Q1 26
Q4 25
$45.6M
$450.9M
Q3 25
$63.6M
$573.7M
Q2 25
$-8.1M
$290.2M
Q1 25
$-39.6M
$280.4M
Q4 24
$15.1M
$-127.5M
Q3 24
$34.0M
$351.8M
Q2 24
$53.4M
$371.5M
Free Cash Flow
ADV
ADV
EW
EW
Q1 26
Q4 25
$23.4M
$353.5M
Q3 25
$52.2M
$516.2M
Q2 25
$-10.2M
$240.9M
Q1 25
$-54.7M
$224.4M
Q4 24
$-27.4M
$-177.3M
Q3 24
$8.6M
$299.9M
Q2 24
$43.8M
$286.1M
FCF Margin
ADV
ADV
EW
EW
Q1 26
Q4 25
2.5%
22.5%
Q3 25
5.7%
33.2%
Q2 25
-1.2%
15.7%
Q1 25
-6.7%
15.9%
Q4 24
-3.1%
-12.8%
Q3 24
0.9%
22.1%
Q2 24
5.0%
20.9%
Capex Intensity
ADV
ADV
EW
EW
Q1 26
Q4 25
2.4%
6.2%
Q3 25
1.3%
3.7%
Q2 25
0.2%
3.2%
Q1 25
1.8%
4.0%
Q4 24
4.8%
3.6%
Q3 24
2.7%
3.8%
Q2 24
1.1%
6.2%
Cash Conversion
ADV
ADV
EW
EW
Q1 26
Q4 25
4.94×
Q3 25
3.09×
1.97×
Q2 25
0.87×
Q1 25
0.78×
Q4 24
-0.33×
Q3 24
0.11×
Q2 24
1.01×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ADV
ADV

Experiential Services$395.9M42%
Branded Services$289.8M31%
Retailer Services$246.5M26%

EW
EW

Segment breakdown not available.

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