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Advanced Drainage Systems, Inc. (WMS) stock

WMSNYSEPlastics Foam ProductsFiscal year ends March 31
Financials through Q2 FY2027, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 17/301% above fair value
$125.58+2.07 (+1.68%)

Close on Nov 13, 2026Market cap $9.47BP/E 23.9Yield 0.57%

Advanced Drainage Systems gross margin

Gross margin is gross profit as a percentage of revenue.

Advanced Drainage Systems's gross margin for the twelve months ending Sep 30, 2026 was 38.4%. For fiscal 2026 it was 38.3%, against 37.7% the year before. The highest annual figure on record is 39.9% in fiscal 2024.

Annual gross margin

PeriodPeriod endValueChange (pts)
FY2026Mar 31, 202638.3%+0.6
FY2025Mar 31, 202537.7%−2.2
FY2024Mar 31, 202439.9%+3.4
FY2023Mar 31, 202336.4%+7.5
FY2022Mar 31, 202228.9%−5.9
FY2021Mar 31, 202134.8%+15.9
FY2020Mar 31, 202018.9%−4.7
FY2019Mar 31, 201923.6%+0.9
FY2018Mar 31, 201822.7%−0.8
FY2017Mar 31, 201723.5%+1.4
FY2016Mar 31, 201622.1%+4.7
FY2015Mar 31, 201517.4%−0.7
FY2014Mar 31, 201418.0%−0.4
FY2013Mar 31, 201318.5%–

Quarterly gross margin

Change is against the same quarter a year earlier.

Periods
PeriodPeriod endValueChange (pts)
Q2 FY2027CQ3 2026Sep 30, 202638.9%−1.1
Q1 FY2027CQ2 2026Jun 30, 202640.8%+0.9
Q4 FY2026CQ1 2026Mar 31, 202635.1%−1.6
Q3 FY2026CQ4 2025Dec 31, 202537.4%+2.4
Q2 FY2026CQ3 2025Sep 30, 202540.0%+2.4
Q1 FY2026CQ2 2025Jun 30, 202539.8%−1.0
Q4 FY2025CQ1 2025Mar 31, 202536.7%−2.1
Q3 FY2025CQ4 2024Dec 31, 202435.0%−7.6
Q2 FY2025CQ3 2024Sep 30, 202437.6%+1.5
Q1 FY2025CQ2 2024Jun 30, 202440.8%+6.6
Q2 FY2024CQ3 2023Sep 30, 202338.8%+2.6
Q1 FY2024CQ2 2023Jun 30, 202342.6%+4.1
Q4 FY2023CQ1 2023Mar 31, 202336.0%+8.0
Q3 FY2023CQ4 2022Dec 31, 202234.2%+5.0
Q2 FY2023CQ3 2022Sep 30, 202236.2%+7.9
Q1 FY2023CQ2 2022Jun 30, 202238.5%+8.5
Q4 FY2022CQ1 2022Mar 31, 202228.0%−0.6
Q3 FY2022CQ4 2021Dec 31, 202129.2%−5.4
Q2 FY2022CQ3 2021Sep 30, 202128.3%−9.5
Q1 FY2022CQ2 2021Jun 30, 202130.0%−7.0
Q4 FY2021CQ1 2021Mar 31, 202128.7%−0.7
Q3 FY2021CQ4 2020Dec 31, 202034.7%+3.3
Q2 FY2021CQ3 2020Sep 30, 202037.8%+8.3
Q1 FY2021CQ2 2020Jun 30, 202037.1%+52.1
Q4 FY2020CQ1 2020Mar 31, 202029.3%+7.5
Q3 FY2020CQ4 2019Dec 31, 201931.4%+8.6
Q2 FY2020CQ3 2019Sep 30, 201929.5%+6.1
Q1 FY2020CQ2 2019Jun 30, 2019-15.0%−40.7
Q4 FY2019CQ1 2019Mar 31, 201921.9%+2.6
Q3 FY2019CQ4 2018Dec 31, 201822.8%−1.5
Q2 FY2019CQ3 2018Sep 30, 201823.5%+1.1
Q1 FY2019CQ2 2018Jun 30, 201825.7%+1.5
Q4 FY2018CQ1 2018Mar 31, 201819.2%+3.2
Q3 FY2018CQ4 2017Dec 31, 201724.3%+0.7
Q2 FY2018CQ3 2017Sep 30, 201722.4%−2.7
Q1 FY2018CQ2 2017Jun 30, 201724.2%–
Q4 FY2017CQ1 2017Mar 31, 201716.1%–
Q3 FY2017CQ4 2016Dec 31, 201623.6%–
Q2 FY2017CQ3 2016Sep 30, 201625.1%–

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