Advanced Drainage Systems WMS Ratios & Valuation
| 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 | |
| EBITDA margin | 27.4%-2.3pp | 29.7%+0.4pp | 29.3%+0.9pp | 28.4%-0.5pp | 28.9%0.0pp | |
| Free cash flow margin | 19.1%-0.4pp | 19.5%+1.6pp | 17.9%+1.8pp | 16.1%+3.2pp | 12.9%+0.2pp | |
| 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 assets | 10.4%-1.7pp | 12.2%+0.1pp | 12%+0.3pp | 11.8%-1.2pp | 12.9%-0.9pp | |
| 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× | |
| Quick ratio | 1.3×-1.7× | 3.1×+0.5× | 2.6×+0.3× | 2.3×+0.2× | 2.1×+0.1× | |
| Cash ratio | 0.4×-2.0× | 2.4×+0.7× | 1.7×+0.3× | 1.4×+0.2× | 1.2×-0.1× | |
| Leverage | ||||||
| Debt-to-equity | 1×+0.2× | 0.7×0.0× | 0.8×-0.1× | 0.9×-0.1× | 1×0.0× | |
| Debt-to-assets | 0.4×+0.1× | 0.3×0.0× | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | |
| 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% | |
| Enterprise value | $12.3B+5.2% | $11.7B+2.6% | $11.4B+14.5% | $9.95B+5.3% | $9.45B-4.3% | |
| 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× | |
| EV / sales | 4×+0.1× | 3.9×+0.1× | 3.8×+0.4× | 3.4×+0.2× | 3.3×-0.1× | |
| Free cash flow yield | 5.5%+0.3pp | 5.2%+0.2pp | 5%-0.2pp | 5.1%+0.7pp | 4.4%+0.3pp | |
| Earnings yield | 4%-0.2pp | 4.2%-0.1pp | 4.3%-0.5pp | 4.7%-0.6pp | 5.3%+0.1pp | |
| Dividend yield | 0.5%0.0pp | 0.5%0.0pp | 0.5%-0.1pp | 0.6%0.0pp | 0.6%+0.1pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
