Advanced Drainage Systems (WMS) Operating Margin (2013 - 2026)
Advanced Drainage Systems' (WMS) quarterly Operating Margin came in at 7.88% in Q1 2026, down 1112.0% YoY from 0.78% in Q1 2025, and down 60.06% on a QoQ basis from 19.73% in Q4 2025.
Advanced Drainage Systems (WMS) Operating Margin (2013 - 2026) Analysis & Trends
Advanced Drainage Systems (WMS) has 14 years of Operating Margin data on file, last reported at 7.88% in Q1 2026.
- Quarterly Operating Margin fell 1112.0% year-over-year to 7.88% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 20.3% (down 234.0% YoY) and the FY2026 annual result came in at 20.3%, down 234.0% from the prior year.
- Operating Margin retreated to 7.88% in Q1 2026, from 19.73% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 31.55% in Q2 2023 to a low of 7.88% in Q1 2026.
- A 5-year average of 21.88% and a median of 23.14% in 2023 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin soared 1120 bps — and 2026, when it sank 1112 bps.
- Tracing WMS's Operating Margin over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.71 Bn | 98.39 Bn | 2.26 Bn | 19.27% |
| 2 | Johnson Controls International | 87.29 Bn | 86.65 Bn | 2.47 Bn | 14.92% |
| 3 | Carrier Global | 49.78 Bn | 48.43 Bn | 1.94 Bn | 12.99% |
| 4 | Masco | 14.62 Bn | 14.07 Bn | 868.00 Mn | 23.59% |
| 5 | Carlisle Companies | 14.41 Bn | 13.74 Bn | 568.40 Mn | 22.45% |
| 6 | Lennox International | 14.06 Bn | 14.01 Bn | 539.50 Mn | 22.97% |
| 7 | Owens Corning | 11.84 Bn | 11.57 Bn | 793.00 Mn | 17.49% |
| 8 | Advanced Drainage Systems | 10.91 Bn | 10.75 Bn | 408.05 Mn | 25.43% |
| 9 | SPX Technologies | 10.27 Bn | 10.10 Bn | 272.80 Mn | 16.94% |
| 10 | Armstrong World Industries | 7.58 Bn | 7.50 Bn | 195.00 Mn | 28.35% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 25.43% |
| 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% |