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Friday 6 November 2026 Export WMS’s income statement to Excel — free account

Advanced Drainage Systems, Inc.

WMS Industrials Building Products & Equipment

Advanced Drainage Systems, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $3.1 billion, up 5.03% from fiscal 2025.

Revenue
+4.59%
EPS
−26.9%
Free cash flow
−8.28%
Total debt
+24.6%

Quarter to September 2026, against a year earlier

123.42 20.65 −14.33%
Market cap
$9.3B
P/E
23.3×
Fwd P/E
21.8×
Dividend yield
0.62%
F-score
4/9
Altman Z
4.34
Beneish M
−2.67
Dividend safety
85/100
Overview Business Profile Earnings & Analysis
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Advanced Drainage Systems, Inc. (WMS) Net margin

Alert me on Net margin

Advanced Drainage Systems, Inc.'s net margin over the twelve months to 30 September 2026 was 12.4%, down 1.5 percentage points from fiscal 2026 (14.0%). Over the past ten years it has ranged from −12.2% (fiscal 2020) to 17.7% (fiscal 2024); the current reading is higher than 75% of that period. That is above the Building Products & Equipment industry median of 4.11% and above the Industrials sector median of 2.52%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2026 14.0% (1.52)
FY2025 15.5% (2.24)
FY2024 17.7% 1.23
FY2023 16.5% 8.22
FY2022 8.29% (1.06)
FY2021 9.35% 21.58
FY2020 −12.2% (17.30)
FY2019 5.07% 0.89
FY2018 4.18% 1.96
FY2017 2.22% 0.56

Quarterly newest first

Period Net margin Change (points)
Sep 2026 12.4% (4.41)
Jun 2026 16.8% 11.97
Mar 2026 4.86% (8.64)
Dec 2025 13.5% (4.85)
43 more quarters

Against its own ten years

Low −12.2% High 17.7%
Ten-year median 6.68%
Current reading's percentile 63

Net margin against peers

Company Net margin
AWI Armstrong World Industries, Inc. compare 18.4%
CSL Carlisle Companies Incorporated compare 13.8%
LII Lennox International, Inc. compare 13.8%
WMS Advanced Drainage Systems, Inc. 12.4%
MAS Masco Corporation compare 12.1%
SPXC SPX Technologies, Inc. compare 11.5%
MAIR Madison Air Solutions Corporation compare 4.75%
BLDR Builders FirstSource, Inc. compare 0.28%
OC Owens Corning Inc compare −4.42%
Building Products & Equipment industry median 4.11%
Industrials sector median 2.52%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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