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

Iron Mountain is the larger business by last-quarter revenue ($1.8B vs $932.1M, roughly 2.0× Advantage Solutions Inc.). Iron Mountain runs the higher net margin — 5.1% vs -17.4%, a 22.4% gap on every dollar of revenue. On growth, Iron Mountain posted the faster year-over-year revenue change (16.6% vs 4.5%). Advantage Solutions Inc. produced more free cash flow last quarter ($23.4M vs $-16.2M). Over the past eight quarters, Iron Mountain's revenue compounded faster (11.7% 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.

Iron Mountain Inc. is an American enterprise information management services company founded in 1951 and headquartered in Portsmouth, New Hampshire. Its records management, information destruction, and data backup and recovery services are supplied to more than 220,000 customers in 58 countries throughout North America, Europe, Latin America, Africa, Asia, and Oceania.

ADV vs IRM — Head-to-Head

Bigger by revenue
IRM
IRM
2.0× larger
IRM
$1.8B
$932.1M
ADV
Growing faster (revenue YoY)
IRM
IRM
+12.1% gap
IRM
16.6%
4.5%
ADV
Higher net margin
IRM
IRM
22.4% more per $
IRM
5.1%
-17.4%
ADV
More free cash flow
ADV
ADV
$39.7M more FCF
ADV
$23.4M
$-16.2M
IRM
Faster 2-yr revenue CAGR
IRM
IRM
Annualised
IRM
11.7%
4.0%
ADV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ADV
ADV
IRM
IRM
Revenue
$932.1M
$1.8B
Net Profit
$-161.7M
$93.1M
Gross Margin
Operating Margin
-17.4%
18.5%
Net Margin
-17.4%
5.1%
Revenue YoY
4.5%
16.6%
Net Profit YoY
9.2%
-11.9%
EPS (diluted)
$0.31

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
IRM
IRM
Q4 25
$932.1M
$1.8B
Q3 25
$915.0M
$1.8B
Q2 25
$873.7M
$1.7B
Q1 25
$821.8M
$1.6B
Q4 24
$892.3M
$1.6B
Q3 24
$939.3M
$1.6B
Q2 24
$873.4M
$1.5B
Q1 24
$861.4M
$1.5B
Net Profit
ADV
ADV
IRM
IRM
Q4 25
$-161.7M
$93.1M
Q3 25
$20.6M
$86.2M
Q2 25
$-30.4M
$-43.3M
Q1 25
$-56.1M
$16.2M
Q4 24
$-178.0M
$105.7M
Q3 24
$-42.8M
$-33.7M
Q2 24
$-100.8M
$34.6M
Q1 24
$-5.3M
$77.0M
Operating Margin
ADV
ADV
IRM
IRM
Q4 25
-17.4%
18.5%
Q3 25
4.4%
17.6%
Q2 25
1.1%
15.2%
Q1 25
-1.8%
16.0%
Q4 24
-19.1%
17.9%
Q3 24
-0.3%
16.1%
Q2 24
-10.4%
15.0%
Q1 24
-3.5%
16.6%
Net Margin
ADV
ADV
IRM
IRM
Q4 25
-17.4%
5.1%
Q3 25
2.2%
4.9%
Q2 25
-3.5%
-2.5%
Q1 25
-6.8%
1.0%
Q4 24
-20.0%
6.7%
Q3 24
-4.6%
-2.2%
Q2 24
-11.5%
2.3%
Q1 24
-0.6%
5.2%
EPS (diluted)
ADV
ADV
IRM
IRM
Q4 25
$0.31
Q3 25
$0.28
Q2 25
$-0.15
Q1 25
$0.05
Q4 24
$0.35
Q3 24
$-0.13
$-0.11
Q2 24
$-0.31
$0.12
Q1 24
$-0.02
$0.25

Balance Sheet & Financial Strength

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

Metric
ADV
ADV
IRM
IRM
Cash + ST InvestmentsLiquidity on hand
$240.8M
$158.5M
Total DebtLower is stronger
$1.7B
$16.2B
Stockholders' EquityBook value
$554.0M
$-981.0M
Total Assets
$2.8B
$21.1B
Debt / EquityLower = less leverage
3.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADV
ADV
IRM
IRM
Q4 25
$240.8M
$158.5M
Q3 25
$201.1M
Q2 25
$102.9M
Q1 25
$121.1M
Q4 24
$205.2M
$155.7M
Q3 24
$196.1M
Q2 24
$154.0M
Q1 24
$112.3M
Total Debt
ADV
ADV
IRM
IRM
Q4 25
$1.7B
$16.2B
Q3 25
$15.5B
Q2 25
$14.8B
Q1 25
$14.2B
Q4 24
$1.7B
$13.0B
Q3 24
$13.2B
Q2 24
$12.8B
Q1 24
$12.6B
Stockholders' Equity
ADV
ADV
IRM
IRM
Q4 25
$554.0M
$-981.0M
Q3 25
$708.5M
$-882.0M
Q2 25
$683.6M
$-767.4M
Q1 25
$695.6M
$-698.5M
Q4 24
$748.7M
$-503.1M
Q3 24
$932.5M
$-259.0M
Q2 24
$973.7M
$-132.9M
Q1 24
$1.1B
$18.5M
Total Assets
ADV
ADV
IRM
IRM
Q4 25
$2.8B
$21.1B
Q3 25
$3.0B
$20.6B
Q2 25
$3.0B
$20.2B
Q1 25
$3.0B
$19.4B
Q4 24
$3.1B
$18.7B
Q3 24
$3.4B
$18.5B
Q2 24
$3.5B
$18.0B
Q1 24
$3.6B
$17.8B
Debt / Equity
ADV
ADV
IRM
IRM
Q4 25
3.05×
Q3 25
Q2 25
Q1 25
Q4 24
2.30×
Q3 24
Q2 24
Q1 24
679.18×

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
IRM
IRM
Operating Cash FlowLast quarter
$45.6M
$500.0M
Free Cash FlowOCF − Capex
$23.4M
$-16.2M
FCF MarginFCF / Revenue
2.5%
-0.9%
Capex IntensityCapex / Revenue
2.4%
28.0%
Cash ConversionOCF / Net Profit
5.37×
TTM Free Cash FlowTrailing 4 quarters
$10.7M
$-931.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADV
ADV
IRM
IRM
Q4 25
$45.6M
$500.0M
Q3 25
$63.6M
$267.6M
Q2 25
$-8.1M
$375.1M
Q1 25
$-39.6M
$197.3M
Q4 24
$15.1M
$431.6M
Q3 24
$34.0M
$252.9M
Q2 24
$53.4M
$382.2M
Q1 24
$-9.4M
$130.0M
Free Cash Flow
ADV
ADV
IRM
IRM
Q4 25
$23.4M
$-16.2M
Q3 25
$52.2M
$-256.3M
Q2 25
$-10.2M
$-181.6M
Q1 25
$-54.7M
$-477.5M
Q4 24
$-27.4M
$-186.0M
Q3 24
$8.6M
$-143.2M
Q2 24
$43.8M
$-14.6M
Q1 24
$-24.8M
$-251.1M
FCF Margin
ADV
ADV
IRM
IRM
Q4 25
2.5%
-0.9%
Q3 25
5.7%
-14.6%
Q2 25
-1.2%
-10.6%
Q1 25
-6.7%
-30.0%
Q4 24
-3.1%
-11.8%
Q3 24
0.9%
-9.2%
Q2 24
5.0%
-1.0%
Q1 24
-2.9%
-17.0%
Capex Intensity
ADV
ADV
IRM
IRM
Q4 25
2.4%
28.0%
Q3 25
1.3%
29.9%
Q2 25
0.2%
32.5%
Q1 25
1.8%
42.4%
Q4 24
4.8%
39.1%
Q3 24
2.7%
25.4%
Q2 24
1.1%
25.9%
Q1 24
1.8%
25.8%
Cash Conversion
ADV
ADV
IRM
IRM
Q4 25
5.37×
Q3 25
3.09×
3.10×
Q2 25
Q1 25
12.15×
Q4 24
4.08×
Q3 24
Q2 24
11.04×
Q1 24
1.69×

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%

IRM
IRM

Storage Rental$1.1B58%
Services$781.9M42%

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