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 18/301% below fair value
$123.51−5.79 (-4.48%)
Close on Nov 12, 2026Market cap $9.31BP/E 23.5Yield 0.58%
Advanced Drainage Systems operating margin
Operating margin is operating income as a percentage of revenue.
Advanced Drainage Systems's operating margin for the twelve months ending Sep 30, 2026 was 19.6%. For fiscal 2026 it was 20.3%, against 22.6% the year before. The highest annual figure on record is 25.5% in fiscal 2024.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2026 | Mar 31, 2026 | 20.3% | −2.3 |
| FY2025 | Mar 31, 2025 | 22.6% | −2.8 |
| FY2024 | Mar 31, 2024 | 25.5% | +2.0 |
| FY2023 | Mar 31, 2023 | 23.4% | +8.5 |
| FY2022 | Mar 31, 2022 | 14.9% | −2.5 |
| FY2021 | Mar 31, 2021 | 17.4% | +23.1 |
| FY2020 | Mar 31, 2020 | -5.7% | −15.0 |
| FY2019 | Mar 31, 2019 | 9.3% | +2.7 |
| FY2018 | Mar 31, 2018 | 6.6% | +0.6 |
| FY2017 | Mar 31, 2017 | 6.1% | −1.2 |
| FY2016 | Mar 31, 2016 | 7.3% | +4.0 |
| FY2015 | Mar 31, 2015 | 3.3% | −1.2 |
| FY2014 | Mar 31, 2014 | 4.5% | −1.1 |
| FY2013 | Mar 31, 2013 | 5.7% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
Periods
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2027CQ3 2026 | Sep 30, 2026 | 21.9% | −4.3 |
| Q1 FY2027CQ2 2026 | Jun 30, 2026 | 25.4% | +0.6 |
| Q4 FY2026CQ1 2026 | Mar 31, 2026 | 7.9% | −11.1 |
| Q3 FY2026CQ4 2025 | Dec 31, 2025 | 19.7% | +1.4 |
| Q2 FY2026CQ3 2025 | Sep 30, 2025 | 26.3% | +2.3 |
| Q1 FY2026CQ2 2025 | Jun 30, 2025 | 24.8% | −3.0 |
| Q4 FY2025CQ1 2025 | Mar 31, 2025 | 19.0% | −6.4 |
| Q3 FY2025CQ4 2024 | Dec 31, 2024 | 18.4% | −13.2 |
| Q2 FY2025CQ3 2024 | Sep 30, 2024 | 23.9% | +3.6 |
| Q1 FY2025CQ2 2024 | Jun 30, 2024 | 27.7% | +8.7 |
| Q2 FY2024CQ3 2023 | Sep 30, 2023 | 25.4% | +0.8 |
| Q1 FY2024CQ2 2023 | Jun 30, 2023 | 31.5% | +4.0 |
| Q4 FY2023CQ1 2023 | Mar 31, 2023 | 20.3% | +8.4 |
| Q3 FY2023CQ4 2022 | Dec 31, 2022 | 19.0% | +3.6 |
| Q2 FY2023CQ3 2022 | Sep 30, 2022 | 24.6% | +8.8 |
| Q1 FY2023CQ2 2022 | Jun 30, 2022 | 27.5% | +11.2 |
| Q4 FY2022CQ1 2022 | Mar 31, 2022 | 11.9% | +4.5 |
| Q3 FY2022CQ4 2021 | Dec 31, 2021 | 15.4% | −1.6 |
| Q2 FY2022CQ3 2021 | Sep 30, 2021 | 15.8% | −6.5 |
| Q1 FY2022CQ2 2021 | Jun 30, 2021 | 16.3% | −4.7 |
| Q4 FY2021CQ1 2021 | Mar 31, 2021 | 7.4% | +5.6 |
| Q3 FY2021CQ4 2020 | Dec 31, 2020 | 17.1% | +6.6 |
| Q2 FY2021CQ3 2020 | Sep 30, 2020 | 22.3% | +10.8 |
| Q1 FY2021CQ2 2020 | Jun 30, 2020 | 21.1% | +69.5 |
| Q4 FY2020CQ1 2020 | Mar 31, 2020 | 1.8% | −0.6 |
| Q3 FY2020CQ4 2019 | Dec 31, 2019 | 10.4% | +2.6 |
| Q2 FY2020CQ3 2019 | Sep 30, 2019 | 11.5% | +0.0 |
| Q1 FY2020CQ2 2019 | Jun 30, 2019 | -48.4% | −61.6 |
| Q4 FY2019CQ1 2019 | Mar 31, 2019 | 2.5% | +4.4 |
| Q3 FY2019CQ4 2018 | Dec 31, 2018 | 7.8% | −0.6 |
| Q2 FY2019CQ3 2018 | Sep 30, 2018 | 11.5% | +2.9 |
| Q1 FY2019CQ2 2018 | Jun 30, 2018 | 13.2% | +4.4 |
| Q4 FY2018CQ1 2018 | Mar 31, 2018 | -1.9% | +7.7 |
| Q3 FY2018CQ4 2017 | Dec 31, 2017 | 8.5% | +1.3 |
| Q2 FY2018CQ3 2017 | Sep 30, 2017 | 8.6% | −3.4 |
| Q1 FY2018CQ2 2017 | Jun 30, 2017 | 8.8% | – |
| Q4 FY2017CQ1 2017 | Mar 31, 2017 | -9.6% | – |
| Q3 FY2017CQ4 2016 | Dec 31, 2016 | 7.2% | – |
| Q2 FY2017CQ3 2016 | Sep 30, 2016 | 12.0% | – |
See a number that looks wrong?