Growth Metrics

Advanced Drainage Systems (WMS) Shares Outstanding (Diluted Average) (2020 - 2026)

Advanced Drainage Systems posted quarterly Shares Outstanding (Diluted Average) of $78.4 million for Q1 2026, little changed year-on-year from $78.2 million in Q1 2025, and little changed on a QoQ basis from $78.4 million in Q4 2025.

Advanced Drainage Systems (WMS) has 7 years of Shares Outstanding (Diluted Average) data on file, last reported at $78.4 million in Q1 2026.

  • For the quarter ending Q1 2026, Shares Outstanding (Diluted Average) changed 0.25% year-over-year to $78.4 million; the trailing twelve-month figure through Mar 2026 stood at $78.4 million (changed 0.25% YoY), and the FY2026 full-year result was $78.4 million, changed 0.25% from the prior year.
  • Shares Outstanding (Diluted Average) for Q1 2026 stood at $78.4 million, roughly flat from $78.4 million in the prior quarter.
  • Across five years, Shares Outstanding (Diluted Average) topped out at $84.5 million in Q3 2022 and bottomed at $72.9 million in Q1 2022.
  • The 5-year median for Shares Outstanding (Diluted Average) is $78.4 million (2025), against an average of $79.6 million.
  • The widest annual swing landed in 2022, when Shares Outstanding (Diluted Average) increased 17.46%; it then retreated 6.13% in 2023.
  • A 5-year view of Shares Outstanding (Diluted Average) shows it stood at $84.0 million in 2022, then decreased by 5.71% to $79.2 million in 2023, then dropped by 1.25% to $78.2 million in 2024, then rose by 0.32% to $78.4 million in 2025, then decreased by 0.08% to $78.4 million in 2026.
  • The last three Shares Outstanding (Diluted Average) figures came in at $78.4 million (Q1 2026), $78.4 million (Q4 2025), and $78.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Shares (Diluted Avg.) (Qtr)
1 Trane Technologies 99.95 Bn 98.89 Bn 1.73 Bn 223.10 Mn
2 Johnson Controls International 84.54 Bn 84.01 Bn 2.07 Bn -
3 Carrier Global 52.72 Bn 51.70 Bn 4.82 Bn 842.80 Mn
4 Lennox International 16.87 Bn 16.82 Bn 351.30 Mn 35.00 Mn
5 Masco 13.72 Bn 13.60 Bn 686.00 Mn -
6 Carlisle Companies 13.62 Bn 12.85 Bn 363.20 Mn 41.10 Mn
7 Aaon 10.97 Bn 10.97 Bn 109.77 Mn 83.11 Mn
8 SPX Technologies 10.37 Bn 10.22 Bn 230.60 Mn 50.52 Mn
9 Advanced Drainage Systems 10.34 Bn 10.19 Bn 237.66 Mn 78.38 Mn
10 Owens Corning 9.48 Bn 9.24 Bn 510.00 Mn -

Historic Data

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DateValue
Mar 31, 2026 78.38 Mn
Dec 31, 2025 78.34 Mn
Sep 30, 2025 78.31 Mn
Jun 30, 2025 78.12 Mn
Mar 31, 2025 78.19 Mn
Dec 31, 2024 78.12 Mn
Sep 30, 2024 78.19 Mn
Jun 30, 2024 78.28 Mn
Mar 31, 2024 79.02 Mn
Dec 31, 2023 78.59 Mn
Sep 30, 2023 79.31 Mn
Jun 30, 2023 79.63 Mn
Mar 31, 2023 83.34 Mn
Dec 31, 2022 83.98 Mn
Sep 30, 2022 84.49 Mn
Jun 30, 2022 84.39 Mn
Mar 31, 2022 72.91 Mn
Dec 31, 2021 72.75 Mn
Sep 30, 2021 71.92 Mn
Jun 30, 2021 73.12 Mn
Mar 31, 2021 71.57 Mn
Dec 31, 2020 70.85 Mn
Sep 30, 2020 70.76 Mn
Mar 31, 2020 63.82 Mn