Many studies have successfully built iron-mediated materials to activate or catalyze Fenton-like reactions, with applications in water and wastewater treatment being investigated. However, the developed materials are rarely compared with each other regarding their performance of organic contaminant removal. In this review, the recent advances of Fenton-like processes in homogeneous and heterogeneous ways are summarized, especially the performance and mechanism of activators including ferrous iron, zero valent iron, iron oxides, iron-loaded carbon, zeolite, and metal organic framework materials. Also, this work mainly compares three O-O bond containing oxidants including hydrogen dioxide, persulfate, and percarbonate, which are environmental-friendly oxidants and feasible for in-situ chemical oxidation. The influence of reaction conditions, catalyst properties and benefits are analyzed and compared. In addition, the challenges and strategies of these oxidants in applications and the major mechanisms of the oxidation process have been discussed. This work can help understand the mechanistic insights of variable Fenton-like reactions, the role of emerging iron-based materials, and provide guidance for choosing appropriate technologies when facing real-world water and wastewater applications.