What are Advanced Drainage Systems's profit margins?

Advanced Drainage Systems (WMS) runs a 38.3% gross margin and a 20.3% operating margin, with a 14.0% net margin.

Where do Advanced Drainage Systems's ratios come from?

Every ratio is computed from Advanced Drainage Systems's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Advanced Drainage Systems WMS Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q4 '25	Q3 '25	Q2 '25	Q1 '25	Q4 '24
Profitability
Gross margin	38.3%-0.4pp	38.7%+0.6pp	38.1%+0.7pp	37.4%-0.3pp	37.7%-0.4pp
Operating margin	20.3%-2.5pp	22.8%+0.3pp	22.5%+0.7pp	21.8%-0.8pp	22.6%-0.3pp
Net margin	14%-1.8pp	15.7%+0.4pp	15.3%+0.5pp	14.8%-0.7pp	15.5%-0.4pp
Returns
Return on equity	25.2%-2.7pp	27.9%-0.8pp	28.6%-0.9pp	29.5%-4.1pp	33.6%-3.4pp
Return on invested capital	15.6%-6.2pp	21.8%-0.4pp	22.1%+0.9pp	21.2%-0.4pp	21.7%-2.9pp
Efficiency
Asset turnover	0.7×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×
Liquidity
Current ratio	2.4×-1.7×	4.1×+0.6×	3.5×+0.3×	3.2×-0.1×	3.3×+0.1×
Leverage
Debt-to-equity	1×+0.2×	0.7×0.0×	0.8×-0.1×	0.9×-0.1×	1×0.0×
Net debt / EBITDA	1.9×+1.5×	0.5×-0.2×	0.7×-0.2×	0.9×-0.3×	1.2×+0.1×
Per Share
Book value per share	$23.71-3.5%	$24.58+5.4%	$23.32+9.0%	$21.39+9.6%	$19.51+5.0%
Valuation
Market capitalization	$10.68B-5.2%	$11.26B+4.4%	$10.78B+17.7%	$9.16B+8.7%	$8.43B-6.0%
Price / earnings	25×+1.1×	23.9×+0.4×	23.5×+2.4×	21.2×+2.5×	18.7×-0.4×
Price / sales	3.5×-0.3×	3.8×+0.2×	3.6×+0.5×	3.1×+0.2×	2.9×-0.1×
Price / book	5.7×-0.1×	5.8×-0.1×	5.9×+0.4×	5.5×0.0×	5.5×-0.7×
EV / EBITDA	14.7×+1.6×	13.2×+0.1×	13×+1.0×	12×+0.8×	11.2×-0.3×
Dividend yield	0.5%0.0pp	0.5%0.0pp	0.5%-0.1pp	0.6%0.0pp	0.6%+0.1pp

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Questions, answered.

What are Advanced Drainage Systems's profit margins?: Advanced Drainage Systems (WMS) runs a 38.3% gross margin and a 20.3% operating margin, with a 14.0% net margin.
Where do Advanced Drainage Systems's ratios come from?: Every ratio is computed from Advanced Drainage Systems's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.