Avantax Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Avantax Inc (AVTA) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Avantax Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 310M vs 1,835,923M combined for its competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+148.5% annualized vs trailing 12 months), vs decelerating (-25.6%) for its tracked peer group.
- Growth: Avantax Inc generated 12.0% revenue growth year over year in Q3 2023, vs 0.8% for its competitors combined.
- Profitability: Its 0.6% net margin compares with 24.5% for the peer group.
- Peer revenue share: Avantax Inc accounted for 0.1% of combined revenue among its tracked peer group, up from 0.1% a year earlier.
- Peer differentiation: Revenue per employee of $0.39M compares with $0.84M for the peer group (0.5x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
AVTA Sales vs. its Competitors, Q3 2023
Avantax Inc reported revenue growth of 12.03 % year on year in Q3 2023, above its competitors' combined revenue growth of 0.81 %.
With a net margin of 0.56 %, Avantax Inc reported lower profitability than its competitors (24.54 %).
Avantax Inc generated 0.06 % of the combined sales of its peer group, up from 0.05 % a year earlier.
API endpoints for this dataset
Avantax Inc vs. its Competitors, Q3 2023
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Avantax Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Avantax Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Avantax Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Avantax Inc's competitor groups requires a Commercial License.
For context: the Miscellaneous Financial Services industry grew revenue 355.0% year over year, combined, vs 12.0% for Avantax Inc. Avantax Inc's share of combined industry revenue moved from 0.21% to 0.05%, a loss of 0.16 percentage points.
Avantax Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Avantax Inc | - | - | - | Yes |
| Competitors combined (120) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
AVTA Stock Performance relative to its Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | The Bank Of New York Mellon Corporation | 282.9% | Outperformed |
| 2 | Wisdomtree Inc | 282.9% | Outperformed |
| 3 | Robert Half Inc | 282.9% | Outperformed |
| 4 | Virtu Financial inc | 282.9% | Outperformed |
| 5 | Franklin Resources Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Avantax Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Publicly Traded Peers of Avantax Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Avantax Inc |
959.58 | 309.64 |
 Microsoft Corporation |
3,950,922.06 | 346,445.00 |
 Jpmorgan Chase and Co |
897,436.67 | 190,733.00 |
 Bank Of America Corporation |
356,921.12 | 122,968.00 |
 Morgan Stanley |
284,679.36 | 68,350.00 |
 The Goldman Sachs Group Inc |
260,698.40 | 42,162.00 |
| SUBTOTAL | 8,047,530.92 | 1,871,319.45 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Avantax Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Avantax Inc's Competitors Named by the Company
Competitive relationships identified from Avantax Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Lpl Financial Holdings Inc | Company report | 85% |
| H and r Block Inc | Company report | 85% |
| Waddell and Reed Financial Inc | Company report | 85% |
| Oppenheimer Holdings Inc | Company report | 85% |
| Wells Fargo and Company | Company report | 85% |
| Morgan Stanley | Company report | 85% |
| Hilltop Holdings Inc | Company report | 85% |
| Stifel Financial Corp | Company report | 85% |
| Hennessy Advisors Inc | Company report | 85% |
| Intuit Inc | Company report | 85% |
| Voya Financial Inc | Company report | 85% |
| Prudential Financial Inc | Company report | 85% |
| Jpmorgan Chase and Co | Company report | 85% |
Company report basis, confidence, active dates and source counts for Avantax Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Avantax Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Microsoft Corporation | Agents and Infra 83.22 % |
| Citigroup inc | Markets 29.42 % |
| Automatic Data Processing Inc | Employer Services 67.12 % |
| Adobe Inc | Reportable 100.00 % |
| Intuit Inc | Consumer 61.61 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Avantax Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Avantax Inc | 960 | 387,044 | 475,935 |
| Microsoft Corporation | 3,950,922 | 1,553,565 | 639,601 |
| Jpmorgan Chase and Co | 897,437 | 598,825 | 204,714 |
| Bank Of America Corporation | 356,921 | 577,315 | 150,793 |
| Morgan Stanley | 284,679 | 823,494 | 245,422 |
| The Goldman Sachs Group Inc | 260,698 | 889,494 | 467,700 |
| PEERS TOTAL | 8,046,571 | 841,475 | 204,002 |
Avantax Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Microsoft Corporation | US 53.60 % |
| Blackrock Inc | Americas 64.41 % |
| Adobe Inc | Americas 58.69 % |
| Franklin Resources Inc | United States 72.53 % |
| Invesco Ltd | Americas 75.67 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Avantax Inc's Valuation vs Competitive Position
Valuation multiples vs the Miscellaneous Financial Services industry average (126 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Miscellaneous Financial Services industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 3.1x | 19.1x | -16.0x |
| EV / EBITDA | 31.2x | 14.3x | +16.9x |
| P/B | 1.7x | 2.9x | -1.2x |
| Return on Equity | 0.73 % | industry aggregate | -15.71 % |
| Return on Invested Capital | - | -4.53 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Avantax Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 0.37 % | -79.73 % | - | 9.99 % | 28.10 % | 5.15 % | 17.25 % | -24.71 % |
| Operating Margin | -1.45 % | -4.08 % | - | 12.08 % | 0.00 % | -35.65 % | 3.46 % | -16.62 % |
| Return on Invested Capital | -0.61 % | -0.35 % | - | 5.18 % | 0.00 % | -21.69 % | 2.23 % | -7.86 % |
| P/E | - | - | - | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Avantax Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 7.33 % vs industry average 5.16 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Avantax Inc's dedicated Suppliers and Customers pages, not here.
Avantax Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+148.5% annualized vs trailing 12 months).
Weaknesses
- Return on equity 15.7 points below the industry aggregate.
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-25.6% annualized).
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: see Methodology: SWOT Analysis.
Avantax Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Avantax Inc | 1.37 | 1.99 | 0.34 |
| Microsoft Corporation | 0.16 | 1.27 | 0.10 |
| Jpmorgan Chase and Co | 0.15 | 0.42 | 1.41 |
| Bank Of America Corporation | 0.10 | 0.52 | 1.27 |
| Morgan Stanley | 0.40 | 1.12 | 3.16 |
| The Goldman Sachs Group Inc | 0.43 | 0.79 | 3.30 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Avantax Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Avantax Inc | Q3 2023 | +12.0 % | -38.1 % |
| Microsoft Corporation | Q3 2026 | +18.8 % | +32.0 % |
| Jpmorgan Chase and Co | Q3 2026 | +10.2 % | +9.0 % |
| Bank Of America Corporation | Q3 2026 | +3.2 % | -16.8 % |
| Morgan Stanley | Q2 2026 | -30.6 % | +58.1 % |
| The Goldman Sachs Group Inc | Q3 2026 | -68.0 % | +29.2 % |
| PEERS TOTAL | +9.6 % | +12.6 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Avantax Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Avantax Inc | Q3 2023 | +11.2 % | -2.6 % |
| Microsoft Corporation | Q3 2026 | +23.6 % | +103.0 % |
| Jpmorgan Chase and Co | Q3 2026 | -12.8 % | - |
| Bank Of America Corporation | Q3 2026 | - | - |
| Morgan Stanley | Q2 2026 | - | +7.3 % |
| The Goldman Sachs Group Inc | Q3 2026 | +8.6 % | -5.9 % |
Avantax Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Avantax Inc | 44.04% | 50.43% | 75.17% |
| Microsoft Corporation | 20.01% | 23.87% | 34.15% |
| Jpmorgan Chase and Co | 1.34% | 1.65% | 17.70% |
| Bank Of America Corporation | 0.93% | 1.18% | 10.69% |
| Morgan Stanley | 1.35% | 1.95% | 17.85% |
| The Goldman Sachs Group Inc | 1.08% | 1.63% | 17.90% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Avantax Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Avantax Inc | 3.43 | 3.10 |
| Microsoft Corporation | 27.71 | 11.40 |
| Jpmorgan Chase and Co | 14.07 | 4.71 |
| Bank Of America Corporation | 11.79 | 2.90 |
| Morgan Stanley | 14.68 | 4.17 |
| The Goldman Sachs Group Inc | 12.49 | 6.18 |
| PEERS AVERAGE | 17.73 | 4.30 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.