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

Advanced Drainage Systems, Inc. (WMS) Operating margin

Alert me on Operating margin

Advanced Drainage Systems, Inc.'s operating margin over the twelve months to 30 September 2026 was 19.6%, down 0.7 percentage points from fiscal 2026 (20.3%). Over the past ten years it has ranged from −5.70% (fiscal 2020) to 25.5% (fiscal 2024); the current reading is higher than 75% of that period. That is above the Building Products & Equipment industry median of 7.18% and above the Industrials sector median of 5.21%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2026 20.3% (2.34)
FY2025 22.6% (2.83)
FY2024 25.5% 2.05
FY2023 23.4% 8.55
FY2022 14.9% (2.51)
FY2021 17.4% 23.08
FY2020 −5.70% (15.05)
FY2019 9.35% 2.72
FY2018 6.63% 0.56
FY2017 6.07% (1.24)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 21.9% (3.52)
Jun 2026 25.4% 17.55
Mar 2026 7.88% (11.85)
Dec 2025 19.7% (6.53)
43 more quarters

Against its own ten years

Low −5.70% High 25.5%
Ten-year median 12.1%
Current reading's percentile 63

Operating margin against peers

Company Operating margin
AWI Armstrong World Industries, Inc. compare 25.8%
WMS Advanced Drainage Systems, Inc. 19.6%
CSL Carlisle Companies Incorporated compare 19.5%
LII Lennox International, Inc. compare 18.8%
MAS Masco Corporation compare 17.9%
MAIR Madison Air Solutions Corporation compare 17.6%
SPXC SPX Technologies, Inc. compare 16.1%
OC Owens Corning Inc compare 2.33%
BLDR Builders FirstSource, Inc. compare 2.13%
Building Products & Equipment industry median 7.18%
Industrials sector median 5.21%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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