Advanced Drainage Systems (WMS) Research & Development (2013 - 2026)
Advanced Drainage Systems' (WMS) quarterly Research & Development came in at $108.7 million in Q4 2025, up 7.9% YoY from $100.8 million in Q4 2024, and down 8.79% on a QoQ basis from $119.2 million in Q3 2025.
Advanced Drainage Systems (WMS) Research & Development (2013 - 2026) Analysis & Trends
Advanced Drainage Systems (WMS) has 13 years of Research & Development data on file, last reported at $108.7 million in Q4 2025.
- Quarterly Research & Development rose 7.9% year-over-year to $108.7 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $432.7 million (up 13.79% YoY) and the FY2020 annual result came in at $117.1 million, up 21.52% from the prior year.
- Research & Development eased to $108.7 million in Q4 2025, from $119.2 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $119.2 million in Q3 2025 to a low of $74.0 million in Q3 2021.
- A 5-year average of $92.1 million and a median of $91.3 million in 2023 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2021 — Research & Development soared 170.67% — and 2023, when it declined 0.01%.
- Tracing WMS's Research & Development over 5 years: stood at $80.1 million in 2021, then increased by 7.34% to $85.9 million in 2022, then grew by 6.23% to $91.3 million in 2023, then rose by 10.39% to $100.8 million in 2024, then gained by 7.9% to $108.7 million in 2025.
- The last three Research & Development figures came in at $108.7 million (Q4 2025), $119.2 million (Q3 2025), and $104.0 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.71 Bn | 98.39 Bn | 2.26 Bn | - |
| 2 | Johnson Controls International | 87.29 Bn | 86.65 Bn | 2.47 Bn | - |
| 3 | Carrier Global | 49.78 Bn | 48.43 Bn | 1.94 Bn | 148.00 Mn |
| 4 | Masco | 14.62 Bn | 14.07 Bn | 868.00 Mn | - |
| 5 | Carlisle Companies | 14.41 Bn | 13.74 Bn | 568.40 Mn | 11.40 Mn |
| 6 | Lennox International | 14.06 Bn | 14.01 Bn | 539.50 Mn | - |
| 7 | Owens Corning | 11.84 Bn | 11.57 Bn | 793.00 Mn | 35.00 Mn |
| 8 | Advanced Drainage Systems | 10.91 Bn | 10.75 Bn | 408.05 Mn | 130.82 Mn |
| 9 | SPX Technologies | 10.27 Bn | 10.10 Bn | 272.80 Mn | - |
| 10 | Armstrong World Industries | 7.58 Bn | 7.50 Bn | 195.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 130.82 Mn |
| Dec 31, 2025 | 108.74 Mn |
| Sep 30, 2025 | 119.22 Mn |
| Jun 30, 2025 | 103.96 Mn |
| Dec 31, 2024 | 100.78 Mn |
| Sep 30, 2024 | 94.13 Mn |
| Jun 30, 2024 | 94.05 Mn |
| Dec 31, 2023 | 91.29 Mn |
| Sep 30, 2023 | 91.73 Mn |
| Jun 30, 2023 | 86.51 Mn |
| Dec 31, 2022 | 85.94 Mn |
| Sep 30, 2022 | 88.64 Mn |
| Jun 30, 2022 | 86.52 Mn |
| Dec 31, 2021 | 80.06 Mn |
| Sep 30, 2021 | 73.95 Mn |
| Jun 30, 2021 | 76.22 Mn |
| Dec 31, 2020 | 66.61 Mn |
| Sep 30, 2020 | 65.70 Mn |
| Jun 30, 2020 | 28.16 Mn |
| Mar 31, 2020 | 30.77 Mn |