Advanced Drainage Systems (WMS) Gross Margin (2013 - 2026)

Advanced Drainage Systems has reported Gross Margin for 14 years, with the latest figure at 35.12% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin fell 163.0% year-over-year to 35.12%; the trailing twelve-month figure through Mar 2026 stood at 38.27% (up 59.0% YoY), and the FY2026 full-year result was 38.27%, up 59.0% from the prior year.
• Gross Margin for Q1 2026 stood at 35.12%, down from 37.38% in the prior quarter.
• The five-year high for Gross Margin was 42.6% in Q2 2023, with the low at 28.05% in Q1 2022.
• Historically, Gross Margin has averaged 37.32% across 5 years, with a median of 37.56% in 2024.
• Annual changes were most pronounced in 2022 — Gross Margin surged 847 bps — and 2024, when it plunged 424 bps.
• Advanced Drainage Systems' Gross Margin stood at 34.18% in 2022, then grew by 15 bps to 39.23% in 2023, then dropped by 11 bps to 34.99% in 2024, then gained by 7 bps to 37.38% in 2025, then decreased by 6 bps to 35.12% in 2026.
• The last three Gross Margin figures came in at 35.12% (Q1 2026), 37.38% (Q4 2025), and 40.0% (Q3 2025), per Business Quant data.