Advanced Drainage Systems (WMS) Operating Margin (2013 - 2026)
Advanced Drainage Systems posted quarterly Operating Margin of 7.88% for Q1 2026, down 1112.0% year-on-year from 0.78% in Q1 2025, and down 60.06% on a QoQ basis from 19.73% in Q4 2025.
Advanced Drainage Systems (WMS) has 14 years of Operating Margin data on file, last reported 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.
- Across five years, Operating Margin topped out at 31.55% in Q2 2023 and bottomed at 7.88% in Q1 2026.
- The 5-year median for Operating Margin is 23.14% (2023), against an average of 21.88%.
- The widest annual swing landed in 2022, when Operating Margin soared 1120 bps; it then tumbled 1112 bps in 2026.
- A 5-year view of Operating Margin shows it stood at 19.0% in 2022, then climbed by 22 bps to 23.14% in 2023, then slipped by 21 bps to 18.37% in 2024, then advanced by 7 bps to 19.73% in 2025, then plunged 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 | 99.95 Bn | 98.89 Bn | 1.73 Bn | 15.62% |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | 14.71% |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | 4.85% |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | 14.40% |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | 16.48% |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | 17.14% |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | 10.36% |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | 15.47% |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | 7.88% |
| 10 | Owens Corning | 9.48 Bn | 9.24 Bn | 510.00 Mn | 5.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Mar 31, 2021 | 7.41% |
| Dec 31, 2020 | 17.07% |
| Sep 30, 2020 | 22.34% |
| Jun 30, 2020 | 21.06% |
| Mar 31, 2020 | 1.82% |
| Dec 31, 2019 | 10.43% |
| Sep 30, 2019 | 11.54% |
| Jun 30, 2019 | -48.43% |
| Mar 31, 2019 | 2.46% |
| Dec 31, 2018 | 7.83% |
| Sep 30, 2018 | 11.50% |
| Jun 30, 2018 | 13.16% |
| Mar 31, 2018 | -1.95% |
| Dec 31, 2017 | 8.48% |
| Sep 30, 2017 | 8.59% |
| Jun 30, 2017 | 8.79% |
| Mar 31, 2017 | -9.65% |
| Dec 31, 2016 | 7.19% |
| Sep 30, 2016 | 11.99% |
| Jun 30, 2016 | 9.92% |
| Mar 31, 2016 | -1.51% |
| Dec 31, 2015 | 9.98% |
| Sep 30, 2015 | 9.29% |
| Jun 30, 2015 | 8.93% |
| Mar 31, 2015 | -10.60% |
| Dec 31, 2014 | 3.72% |
| Sep 30, 2014 | 8.26% |
| Jun 30, 2014 | 6.10% |
| Mar 31, 2014 | -20.49% |
| Dec 31, 2013 | 10.07% |
| Sep 30, 2013 | 9.16% |
| Jun 30, 2013 | 9.86% |