Advanced Drainage Systems (WMS) Gross Margin (2013 - 2026)
Advanced Drainage Systems' Gross Margin came in at 40.76% for fiscal Q1 2027 (quarter ended Jun 30, 2026), up 0.94 percentage points from 39.82% a year earlier and up 5.64 percentage points from the prior quarter.
Advanced Drainage Systems (WMS) Gross Margin (2013 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Advanced Drainage Systems reported Gross Margin of 38.65%, up 1.22 percentage points year-over-year; for FY2026 (ended Mar 31, 2026), it came in at 38.27%, up 0.59 percentage points from FY2025.
- Gross Margin carries a five-year change of +3.47 percentage points (FY2021 to FY2026).
- Going back by fiscal year, Gross Margin was 37.68% in FY2025 (-2.19 pp), 39.87% in FY2024 (+3.45 pp), 36.42% in FY2023 (+7.52 pp) and 28.90% in FY2022 (-5.90 pp).
- The fiscal Q1 2027 figure represents the highest quarterly Gross Margin since fiscal Q1 2025.
- Year-over-year, Gross Margin increased in three of the last eight quarters, with an average year-over-year change of -0.51 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in fiscal Q1 2023 (a gain of 8.47 percentage points), and the weakest in fiscal Q2 2022 (a drop of 9.51 percentage points).
- Business Quant data shows WMS's Gross Margin at 35.12% (Q4 2026), 37.38% (Q3 2026) and 40.00% (Q2 2026) in the three fiscal quarters before Q1 2027.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 101.28 Bn | 95.99 Bn | 2.26 Bn | 35.57% |
| 2 | Johnson Controls International | 88.28 Bn | 86.01 Bn | 2.47 Bn | 37.41% |
| 3 | Comfort Systems Usa | 49.60 Bn | 44.85 Bn | 844.23 Mn | 25.85% |
| 4 | Carrier Global | 45.39 Bn | 39.70 Bn | 1.94 Bn | 30.59% |
| 5 | Otis Worldwide | 27.33 Bn | 23.75 Bn | 1.14 Bn | 29.52% |
| 6 | James Hardie Industries | 15.00 Bn | 14.07 Bn | 548.70 Mn | 37.21% |
| 7 | Masco | 14.57 Bn | 12.43 Bn | 868.00 Mn | 43.57% |
| 8 | Carlisle Companies | 13.33 Bn | 9.68 Bn | 568.40 Mn | 36.20% |
| 9 | Allegion | 13.30 Bn | 12.01 Bn | 517.50 Mn | 44.94% |
| 10 | Advanced Drainage Systems | 9.78 Bn | 7.57 Bn | 408.05 Mn | 40.76% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 40.76% |
| Mar 31, 2026 | 35.12% |
| Dec 31, 2025 | 37.38% |
| Sep 30, 2025 | 40.00% |
| Jun 30, 2025 | 39.82% |
| Mar 31, 2025 | 36.74% |
| Dec 31, 2024 | 34.99% |
| Sep 30, 2024 | 37.56% |
| Jun 30, 2024 | 40.78% |
| Mar 31, 2024 | 38.54% |
| Dec 31, 2023 | 39.23% |
| Sep 30, 2023 | 38.79% |
| Jun 30, 2023 | 42.60% |
| Mar 31, 2023 | 36.02% |
| Dec 31, 2022 | 34.18% |
| Sep 30, 2022 | 36.19% |
| Jun 30, 2022 | 38.52% |
| Mar 31, 2022 | 28.05% |
| Dec 31, 2021 | 29.21% |
| Sep 30, 2021 | 28.32% |
Advanced Drainage Systems Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=WMS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "WMS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=WMS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();