Growth Metrics

Advanced Drainage Systems (WMS) Gross Margin (2016 - 2025)

Advanced Drainage Systems (WMS) has disclosed Gross Margin for 13 consecutive years, with 37.38% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Gross Margin rose 239.0% year-over-year to 37.38%, compared with a TTM value of 38.67% through Dec 2025, up 61.0%, and an annual FY2025 reading of 37.68%, down 219.0% over the prior year.
  • Gross Margin was 37.38% for Q4 2025 at Advanced Drainage Systems, down from 40.0% in the prior quarter.
  • Across five years, Gross Margin topped out at 42.6% in Q2 2023 and bottomed at 28.05% in Q1 2022.
  • Average Gross Margin over 5 years is 35.78%, with a median of 37.06% recorded in 2025.
  • The sharpest move saw Gross Margin tumbled -951bps in 2021, then soared 847bps in 2022.
  • Year by year, Gross Margin stood at 29.21% in 2021, then grew by 17bps to 34.18% in 2022, then rose by 15bps to 39.23% in 2023, then fell by -11bps to 34.99% in 2024, then rose by 7bps to 37.38% in 2025.
  • Business Quant data shows Gross Margin for WMS at 37.38% in Q4 2025, 40.0% in Q3 2025, and 39.82% in Q2 2025.