Advanced Drainage Systems (WMS) Tax Rate (2013 - 2026)
Advanced Drainage Systems' (WMS) quarterly Tax Rate came in at 13.59% in Q1 2026, down 976.0% YoY from 1.55% in Q1 2025, and down 45.42% on a QoQ basis from 24.9% in Q4 2025.
Advanced Drainage Systems (WMS) Tax Rate (2013 - 2026) Analysis & Trends
Advanced Drainage Systems (WMS) has 14 years of Tax Rate data on file, last reported at 13.59% in Q1 2026.
- Quarterly Tax Rate fell 976.0% year-over-year to 13.59% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 24.11% (up 18.0% YoY) and the FY2026 annual result came in at 24.11%, up 18.0% from the prior year.
- Tax Rate declined to 13.59% in Q1 2026, from 24.9% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 37.5% in Q1 2022 to a low of 13.59% in Q1 2026.
- A 5-year average of 23.94% and a median of 23.91% in 2024 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2022 — Tax Rate surged 1173 bps — and 2023, when it tumbled 1702 bps.
- Tracing WMS's Tax Rate over 5 years: stood at 24.0% in 2022, then declined by 7 bps to 22.2% in 2023, then rose by 12 bps to 24.95% in 2024, then retreated by 0 bps to 24.9% in 2025, then plunged by 45 bps to 13.59% in 2026.
- The last three Tax Rate figures came in at 13.59% (Q1 2026), 24.9% (Q4 2025), and 25.17% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 100.46 Bn | 99.14 Bn | 2.26 Bn | 18.76% |
| 2 | Johnson Controls International | 87.93 Bn | 87.29 Bn | 2.47 Bn | 17.99% |
| 3 | Carrier Global | 50.21 Bn | 48.86 Bn | 1.94 Bn | 24.97% |
| 4 | Carlisle Companies | 14.70 Bn | 14.04 Bn | 568.40 Mn | 22.77% |
| 5 | Masco | 14.62 Bn | 14.07 Bn | 868.00 Mn | 24.32% |
| 6 | Lennox International | 14.09 Bn | 14.04 Bn | 539.50 Mn | 20.79% |
| 7 | Owens Corning | 11.92 Bn | 11.65 Bn | 793.00 Mn | 24.70% |
| 8 | Advanced Drainage Systems | 10.92 Bn | 10.76 Bn | 408.05 Mn | 23.45% |
| 9 | SPX Technologies | 10.33 Bn | 10.16 Bn | 272.80 Mn | 22.41% |
| 10 | Builders FirstSource | 7.57 Bn | 7.51 Bn | 1.09 Bn | 107.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 23.45% |
| Jun 30, 2026 | 23.45% |
| Jun 30, 2026 | 23.45% |
| Mar 31, 2026 | 13.59% |
| Mar 31, 2026 | 13.59% |
| Mar 31, 2026 | 13.59% |
| Dec 31, 2025 | 24.90% |
| Dec 31, 2025 | 24.90% |
| Dec 31, 2025 | 24.90% |
| Sep 30, 2025 | 25.17% |
| Sep 30, 2025 | 25.17% |
| Sep 30, 2025 | 25.17% |
| Jun 30, 2025 | 24.64% |
| Jun 30, 2025 | 24.64% |
| Jun 30, 2025 | 24.64% |
| Mar 31, 2025 | 23.35% |
| Mar 31, 2025 | 23.35% |
| Mar 31, 2025 | 23.35% |
| Dec 31, 2024 | 24.95% |
| Dec 31, 2024 | 24.95% |