Growth Metrics

Advanced Drainage Systems (WMS) Cost of Revenue (2013 - 2026)

Advanced Drainage Systems posted quarterly Cost of Revenue of $1.6 billion for Q1 2026, up 1.97% year-on-year from $1.5 billion in Q1 2025, and up 1326.37% on a QoQ basis from $108.7 million in Q4 2025.

Advanced Drainage Systems (WMS) has 14 years of Cost of Revenue data on file, last reported at $1.6 billion in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue rose 1.97% year-over-year to $1.6 billion; the trailing twelve-month figure through Mar 2026 stood at $2.7 billion (down 9.25% YoY), and the FY2026 full-year result was $1.9 billion, up 4.03% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $1.6 billion, up from $108.7 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $1.7 billion in Q1 2022 and bottomed at $86.5 million in Q2 2023.
  • The 5-year median for Cost of Revenue is $448.9 million (2024), against an average of $570.6 million.
  • The widest annual swing landed in 2022, when Cost of Revenue plunged 82.5%; it then soared 458.17% in 2024.
  • A 5-year view of Cost of Revenue shows it stood at $431.2 million in 2022, then slipped by 6.66% to $402.5 million in 2023, then rose by 11.53% to $448.9 million in 2024, then tumbled by 75.78% to $108.7 million in 2025, then jumped by 1326.37% to $1.6 billion in 2026.
  • The last three Cost of Revenue figures came in at $1.6 billion (Q1 2026), $108.7 million (Q4 2025), and $510.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Trane Technologies 99.95 Bn 98.89 Bn 1.73 Bn 3.24 Bn
2 Johnson Controls International 84.54 Bn 84.01 Bn 2.07 Bn 3.72 Bn
3 Carrier Global 52.72 Bn 51.70 Bn 4.82 Bn 525.00 Mn
4 Lennox International 16.87 Bn 16.82 Bn 351.30 Mn 783.80 Mn
5 Masco 13.72 Bn 13.60 Bn 686.00 Mn 1.23 Bn
6 Carlisle Companies 13.62 Bn 12.85 Bn 363.20 Mn 688.90 Mn
7 Aaon 10.97 Bn 10.97 Bn 109.77 Mn 314.45 Mn
8 SPX Technologies 10.37 Bn 10.22 Bn 230.60 Mn 336.20 Mn
9 Advanced Drainage Systems 10.34 Bn 10.19 Bn 237.66 Mn 1.55 Bn
10 Owens Corning 9.48 Bn 9.24 Bn 510.00 Mn 1.76 Bn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 1.55 Bn
Mar 31, 2026 1.55 Bn
Dec 31, 2025 434.20 Mn
Dec 31, 2025 434.20 Mn
Sep 30, 2025 119.22 Mn
Sep 30, 2025 119.22 Mn
Jun 30, 2025 103.96 Mn
Jun 30, 2025 103.96 Mn
Mar 31, 2025 389.51 Mn
Mar 31, 2025 389.51 Mn
Dec 31, 2024 448.94 Mn
Dec 31, 2024 448.94 Mn
Sep 30, 2024 94.13 Mn
Sep 30, 2024 94.13 Mn
Jun 30, 2024 482.88 Mn
Jun 30, 2024 482.88 Mn
Mar 31, 2024 401.88 Mn
Mar 31, 2024 401.88 Mn
Dec 31, 2023 402.52 Mn
Dec 31, 2023 402.52 Mn
Sep 30, 2023 91.73 Mn
Sep 30, 2023 91.73 Mn
Jun 30, 2023 86.51 Mn
Jun 30, 2023 86.51 Mn
Mar 31, 2023 1.69 Bn
Mar 31, 2023 1.69 Bn
Dec 31, 2022 431.25 Mn
Dec 31, 2022 431.25 Mn
Sep 30, 2022 564.25 Mn
Sep 30, 2022 564.25 Mn
Jun 30, 2022 562.08 Mn
Jun 30, 2022 562.08 Mn
Mar 31, 2022 1.72 Bn
Mar 31, 2022 1.72 Bn
Dec 31, 2021 80.06 Mn
Dec 31, 2021 80.06 Mn
Sep 30, 2021 506.41 Mn
Sep 30, 2021 506.41 Mn
Jun 30, 2021 76.22 Mn
Jun 30, 2021 76.22 Mn
Mar 31, 2021 316.59 Mn
Mar 31, 2021 316.59 Mn
Dec 31, 2020 317.64 Mn
Dec 31, 2020 317.64 Mn
Sep 30, 2020 65.70 Mn
Sep 30, 2020 65.70 Mn
Jun 30, 2020 320.14 Mn
Jun 30, 2020 320.14 Mn
Mar 31, 2020 262.01 Mn
Mar 31, 2020 262.01 Mn
Dec 31, 2019 270.07 Mn
Dec 31, 2019 270.07 Mn
Sep 30, 2019 349.38 Mn
Sep 30, 2019 349.38 Mn
Jun 30, 2019 307.26 Mn
Jun 30, 2019 307.26 Mn
Mar 31, 2019 985.61 Mn
Mar 31, 2019 985.61 Mn
Dec 31, 2018 245.71 Mn
Dec 31, 2018 245.71 Mn
Sep 30, 2018 24.73 Mn
Sep 30, 2018 24.73 Mn
Jun 30, 2018 288.16 Mn
Jun 30, 2018 288.16 Mn
Mar 31, 2018 -733.11 Mn
Mar 31, 2018 -733.11 Mn
Dec 31, 2017 22.90 Mn
Dec 31, 2017 22.90 Mn
Sep 30, 2017 24.35 Mn
Sep 30, 2017 24.35 Mn
Jun 30, 2017 271.62 Mn
Jun 30, 2017 271.62 Mn
Mar 31, 2017 22.74 Mn
Mar 31, 2017 22.74 Mn
Dec 31, 2016 21.29 Mn
Dec 31, 2016 21.29 Mn
Sep 30, 2016 23.21 Mn
Sep 30, 2016 23.21 Mn
Jun 30, 2016 24.23 Mn
Jun 30, 2016 24.23 Mn
Mar 31, 2016 -720.95 Mn
Mar 31, 2016 -720.95 Mn
Dec 31, 2015 237.99 Mn
Dec 31, 2015 237.99 Mn
Sep 30, 2015 296.80 Mn
Sep 30, 2015 296.80 Mn
Jun 30, 2015 274.65 Mn
Jun 30, 2015 274.65 Mn
Mar 31, 2015 19.88 Mn
Mar 31, 2015 19.88 Mn
Dec 31, 2014 20.11 Mn
Dec 31, 2014 20.11 Mn
Sep 30, 2014 296.58 Mn
Sep 30, 2014 296.58 Mn
Jun 30, 2014 265.13 Mn
Jun 30, 2014 265.13 Mn
Mar 31, 2014 170.56 Mn
Mar 31, 2014 170.56 Mn
Dec 31, 2013 16.37 Mn
Dec 31, 2013 16.37 Mn
Sep 30, 2013 18.64 Mn
Sep 30, 2013 18.64 Mn
Jun 30, 2013 16.52 Mn
Jun 30, 2013 16.52 Mn