Growth Metrics

Advanced Drainage Systems (WMS) Debt Ratio (2014 - 2026)

Advanced Drainage Systems posted quarterly Debt Ratio of 0.36 for Q1 2026, up 4.65% year-on-year from 0.34 in Q1 2025, and up 15.63% on a QoQ basis from 0.31 in Q4 2025.

Advanced Drainage Systems (WMS) has 13 years of Debt Ratio data on file, last reported at 0.36 in Q1 2026.

  • For the quarter ending Q1 2026, Debt Ratio rose 4.65% year-over-year to 0.36; the trailing twelve-month figure through Mar 2026 stood at 0.36 (up 4.65% YoY), and the FY2026 full-year result was 0.36, up 4.65% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.36, up from 0.31 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.44 in Q1 2023 and bottomed at 0.31 in Q3 2025.
  • The 5-year median for Debt Ratio is 0.37 (2024), against an average of 0.37.
  • The widest annual swing landed in 2022, when Debt Ratio grew 26.38%; it then decreased 13.95% in 2025.
  • A 5-year view of Debt Ratio shows it stood at 0.43 in 2022, then slipped by 5.95% to 0.4 in 2023, then decreased by 12.93% to 0.35 in 2024, then fell by 11.81% to 0.31 in 2025, then advanced by 15.63% to 0.36 in 2026.
  • The last three Debt Ratio figures came in at 0.36 (Q1 2026), 0.31 (Q4 2025), and 0.31 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Trane Technologies 99.95 Bn 98.89 Bn 1.73 Bn 0.20
2 Johnson Controls International 84.54 Bn 84.01 Bn 2.07 Bn 0.24
3 Carrier Global 52.72 Bn 51.70 Bn 4.82 Bn 0.33
4 Lennox International 16.87 Bn 16.82 Bn 351.30 Mn 0.27
5 Masco 13.72 Bn 13.60 Bn 686.00 Mn 0.56
6 Carlisle Companies 13.62 Bn 12.85 Bn 363.20 Mn 0.48
7 Aaon 10.97 Bn 10.97 Bn 109.77 Mn 0.24
8 SPX Technologies 10.37 Bn 10.22 Bn 230.60 Mn 0.17
9 Advanced Drainage Systems 10.34 Bn 10.19 Bn 237.66 Mn 0.36
10 Owens Corning 9.48 Bn 9.24 Bn 510.00 Mn 0.39

Historic Data

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DateValue
Mar 31, 2026 0.36
Dec 31, 2025 0.31
Sep 30, 2025 0.31
Jun 30, 2025 0.32
Mar 31, 2025 0.34
Dec 31, 2024 0.35
Sep 30, 2024 0.36
Jun 30, 2024 0.37
Mar 31, 2024 0.39
Dec 31, 2023 0.40
Sep 30, 2023 0.41
Jun 30, 2023 0.42
Mar 31, 2023 0.44
Dec 31, 2022 0.43
Sep 30, 2022 0.41
Jun 30, 2022 0.40
Mar 31, 2022 0.35
Dec 31, 2021 0.37
Sep 30, 2021 0.36
Jun 30, 2021 0.32
Mar 31, 2021 0.33
Dec 31, 2020 0.34
Sep 30, 2020 0.38
Jun 30, 2020 0.43
Mar 31, 2020 0.46
Dec 31, 2019 0.44
Sep 30, 2019 0.46
Jun 30, 2019 0.24
Mar 31, 2019 0.23
Dec 31, 2018 0.23
Sep 30, 2018 0.25
Jun 30, 2018 0.28
Mar 31, 2018 0.29
Dec 31, 2017 0.28
Sep 30, 2017 0.35
Jun 30, 2017 0.36
Mar 31, 2017 0.33
Dec 31, 2016 0.31
Sep 30, 2016 0.33
Jun 30, 2016 0.35
Mar 31, 2016 0.34
Dec 31, 2015 0.34
Sep 30, 2015 0.38
Jun 30, 2015 0.40
Mar 31, 2015 0.39
Dec 31, 2014 0.35
Sep 30, 2014 0.37
Jun 30, 2014 0.46
Mar 31, 2014 0.46