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

Advanced Drainage Systems (WMS) reported Operating Margin of 7.88% for Q1 2026, down 1112.0% on a YoY basis from 0.78% in Q1 2025, and down 60.06% quarter-over-quarter from 19.73% in Q4 2025.

Advanced Drainage Systems (WMS) Operating Margin (2013 - 2026) Analysis & Trends

Advanced Drainage Systems has reported Operating Margin for 14 years, with the latest figure at 7.88% in Q1 2026.

  • For the quarter ending Q1 2026, Operating Margin fell 1112.0% year-over-year to 7.88%; the trailing twelve-month figure through Mar 2026 stood at 20.3% (down 234.0% YoY), and the FY2026 full-year result was 20.3%, down 234.0% from the prior year.
  • Operating Margin for Q1 2026 stood at 7.88%, down from 19.73% in the prior quarter.
  • The five-year high for Operating Margin was 31.55% in Q2 2023, with the low at 7.88% in Q1 2026.
  • Historically, Operating Margin has averaged 21.88% across 5 years, with a median of 23.14% in 2023.
  • Annual changes were most pronounced in 2022 — Operating Margin soared 1120 bps — and 2026, when it sank 1112 bps.
  • Advanced Drainage Systems' Operating Margin stood at 19.0% in 2022, then advanced by 22 bps to 23.14% in 2023, then decreased by 21 bps to 18.37% in 2024, then gained by 7 bps to 19.73% in 2025, then sank by 60 bps to 7.88% in 2026.
  • The last three Operating Margin figures came in at 7.88% (Q1 2026), 19.73% (Q4 2025), and 26.26% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Trane Technologies 107.22 Bn 106.17 Bn 1.73 Bn 15.62%
2 Johnson Controls International 89.13 Bn 88.60 Bn 2.07 Bn 14.71%
3 Carrier Global 60.07 Bn 59.04 Bn 4.82 Bn 4.85%
4 Lennox International 18.56 Bn 18.51 Bn 351.30 Mn 14.40%
5 Masco 15.26 Bn 15.14 Bn 686.00 Mn 16.48%
6 Carlisle Companies 14.75 Bn 13.98 Bn 363.20 Mn 17.14%
7 SPX Technologies 12.03 Bn 11.87 Bn 230.60 Mn 15.47%
8 Advanced Drainage Systems 11.45 Bn 11.30 Bn 237.66 Mn 7.88%
9 Aaon 11.16 Bn 11.16 Bn 109.77 Mn 10.36%
10 Owens Corning 10.30 Bn 10.07 Bn 510.00 Mn 5.30%

Historic Data

Download Data
DateValue
Mar 31, 2026 7.88%
Dec 31, 2025 19.73%
Sep 30, 2025 26.26%
Jun 30, 2025 24.79%
Mar 31, 2025 19.00%
Dec 31, 2024 18.37%
Sep 30, 2024 23.94%
Jun 30, 2024 27.75%
Mar 31, 2024 20.70%
Dec 31, 2023 23.14%
Sep 30, 2023 25.38%
Jun 30, 2023 31.55%
Mar 31, 2023 20.34%
Dec 31, 2022 19.00%
Sep 30, 2022 24.61%
Jun 30, 2022 27.52%
Mar 31, 2022 11.91%
Dec 31, 2021 15.42%
Sep 30, 2021 15.79%
Jun 30, 2021 16.33%