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%+0.6pp	38.7%+0.6pp	38.1%-0.9pp	37.4%-2.0pp	37.7%-2.2pp
Operating margin	20.3%-2.3pp	22.8%-0.1pp	22.5%-1.6pp	21.8%-2.7pp	22.6%-2.8pp
Net margin	14%-1.5pp	15.7%-0.2pp	15.3%-1.5pp	14.8%-2.3pp	15.5%-2.2pp
EBITDA margin	27.4%-1.6pp	29.7%+0.8pp	29.3%-0.5pp	28.4%-1.5pp	28.9%-1.9pp
Free cash flow margin	19.1%+6.2pp	19.5%+6.8pp	17.9%+3.3pp	16.1%-0.6pp	12.9%-6.7pp
Returns
Return on equity	25.2%-8.4pp	27.9%-9.1pp	28.6%-12.3pp	29.5%-15.6pp	33.6%-18.0pp
Return on assets	10.4%-2.5pp	12.2%-1.7pp	12%-2.7pp	11.8%-3.6pp	12.9%-3.6pp
Return on invested capital	15.6%-6.1pp	21.8%-2.8pp	22.1%-4.7pp	21.2%-6.1pp	21.7%-5.9pp
Efficiency
Asset turnover	0.7×-0.1×	0.8×-0.1×	0.8×-0.1×	0.8×-0.1×	0.8×-0.1×
Liquidity
Current ratio	2.4×-0.9×	4.1×+0.9×	3.5×+0.3×	3.2×+0.3×	3.3×+0.4×
Quick ratio	1.3×-0.8×	3.1×+1.1×	2.6×+0.4×	2.3×+0.4×	2.1×+0.2×
Cash ratio	0.4×-0.7×	2.4×+1.2×	1.7×+0.4×	1.4×+0.3×	1.2×+0.1×
Leverage
Debt-to-equity	1×0.0×	0.7×-0.2×	0.8×-0.2×	0.9×-0.2×	1×-0.2×
Debt-to-assets	0.4×0.0×	0.3×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Net debt / EBITDA	1.9×+0.7×	0.5×-0.6×	0.7×-0.2×	0.9×0.0×	1.2×+0.2×
Per Share
Book value per share	$23.71+21.5%	$24.58+32.3%	$23.32+32.3%	$21.39+32.6%	$19.51+33.7%
Valuation
Market capitalization	$10.68B+26.7%	$11.26B+25.7%	$10.78B-11.5%	$9.16B-27.0%	$8.43B-37.1%
Enterprise value	$12.3B+30.2%	$11.7B+18.4%	$11.4B-12.0%	$9.95B-25.6%	$9.45B-34.0%
Price / earnings	25×+6.3×	23.9×+4.8×	23.5×-1.2×	21.2×-4.0×	18.7×-7.6×
Price / sales	3.5×+0.6×	3.8×+0.7×	3.6×-0.6×	3.1×-1.2×	2.9×-1.8×
Price / book	5.7×+0.2×	5.8×-0.3×	5.9×-2.9×	5.5×-4.5×	5.5×-6.1×
EV / EBITDA	14.7×+3.5×	13.2×+1.6×	13×-1.9×	12×-3.3×	11.2×-4.9×
EV / sales	4×+0.8×	3.9×+0.6×	3.8×-0.6×	3.4×-1.2×	3.3×-1.7×
Free cash flow yield	5.5%+1.0pp	5.2%+1.0pp	5%+1.5pp	5.1%+1.2pp	4.4%+0.2pp
Earnings yield	4%-1.3pp	4.2%-1.0pp	4.3%+0.2pp	4.7%+0.8pp	5.3%+1.5pp
Dividend yield	0.5%-0.1pp	0.5%-0.1pp	0.5%+0.1pp	0.6%+0.2pp	0.6%+0.3pp

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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.