Advanced Drainage Systems (WMS) Tax Rate (2013 - 2026)
Advanced Drainage Systems (WMS) reported Tax Rate of 23.45% for fiscal Q1 2027 (quarter ended Jun 30, 2026), down 1.19 percentage points from 24.64% a year earlier but up 9.86 percentage points from the prior quarter.
Advanced Drainage Systems (WMS) Tax Rate (2013 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Advanced Drainage Systems' Tax Rate came in at 23.69%, down 0.56 percentage points year-over-year; for FY2026 (ended Mar 31, 2026), it came in at 24.11%, up 0.18 percentage points from FY2025.
- Tax Rate has increased for three consecutive fiscal years, though with a five-year change of -3.55 percentage points (FY2021 to FY2026).
- By fiscal year, Tax Rate came in at 23.93% in FY2025 (+0.08 pp), 23.85% in FY2024 (+0.93 pp), 22.92% in FY2023 (-5.78 pp) and 28.70% in FY2022 (+1.04 pp).
- Five-year quarterly Tax Rate spans a low of 13.59% in fiscal Q4 2026 and a high of 37.50% in fiscal Q4 2022.
- Year over year, Tax Rate has now declined in each of the last three quarters, with an average year-over-year change of -0.82 percentage points over the last eight quarters.
- The high point for year-over-year Tax Rate in five years was fiscal Q4 2022 (a gain of 11.73 percentage points); the low point was fiscal Q4 2023 (a drop of 17.02 percentage points).
- Per Business Quant data, the three fiscal quarters before Q1 2027 came in at 13.59% (Q4 2026), 24.90% (Q3 2026) and 25.17% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 101.44 Bn | 96.16 Bn | 2.26 Bn | 18.76% |
| 2 | Johnson Controls International | 88.67 Bn | 86.40 Bn | 2.47 Bn | 17.99% |
| 3 | Comfort Systems Usa | 49.77 Bn | 45.02 Bn | 844.23 Mn | 22.01% |
| 4 | Carrier Global | 45.57 Bn | 39.88 Bn | 1.94 Bn | 24.97% |
| 5 | Otis Worldwide | 27.39 Bn | 23.81 Bn | 1.14 Bn | 17.92% |
| 6 | James Hardie Industries | 15.01 Bn | 14.08 Bn | 548.70 Mn | 33.69% |
| 7 | Masco | 14.70 Bn | 12.56 Bn | 868.00 Mn | 24.32% |
| 8 | Carlisle Companies | 13.37 Bn | 9.72 Bn | 568.40 Mn | 22.77% |
| 9 | Allegion | 13.35 Bn | 12.06 Bn | 517.50 Mn | 19.00% |
| 10 | Advanced Drainage Systems | 9.76 Bn | 7.56 Bn | 408.05 Mn | 23.45% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.45% |
| Mar 31, 2026 | 13.59% |
| Dec 31, 2025 | 24.90% |
| Sep 30, 2025 | 25.17% |
| Jun 30, 2025 | 24.64% |
| Mar 31, 2025 | 23.35% |
| Dec 31, 2024 | 24.95% |
| Sep 30, 2024 | 23.91% |
| Jun 30, 2024 | 23.70% |
| Mar 31, 2024 | 21.92% |
| Dec 31, 2023 | 22.20% |
| Sep 30, 2023 | 25.86% |
| Jun 30, 2023 | 24.22% |
| Mar 31, 2023 | 20.49% |
| Dec 31, 2022 | 24.00% |
| Sep 30, 2022 | 23.88% |
| Jun 30, 2022 | 22.71% |
| Mar 31, 2022 | 37.50% |
| Dec 31, 2021 | 28.08% |
| Sep 30, 2021 | 26.05% |
Advanced Drainage Systems Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=WMS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "WMS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=WMS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();