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Advanced Drainage Systems (WMS) gross margin by quarter
Advanced Drainage Systems' gross margin was 38.9% in Q2 FY27 (second quarter fiscal 2027), -1.9 pts from Q1 FY27. Over the last 7 quarters it ranged from 35.1% (Q4 FY26) to 40.8% (Q1 FY27).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q2 FY27 | 38.9% | -1.9 pts | -1.1 pts |
| Q1 FY27 | 40.8% | +5.6 pts | +0.9 pts |
| Q4 FY26 | 35.1% | -2.3 pts | -1.6 pts |
| Q3 FY26 | 37.4% | -2.6 pts | — |
| Q2 FY26 | 40.0% | +0.2 pts | — |
| Q1 FY26 | 39.8% | +3.1 pts | — |
| Q4 FY25 | 36.7% | — | — |
Q2 FY27 at a glance
Advanced Drainage Systems, Q2 FY27: revenue $889M (+5% year over year), operating margin 21.9%, net earnings $110M. The chart follows the revenue to costs, profit and cash.
Questions
What is Advanced Drainage Systems' gross margin?
Advanced Drainage Systems' gross margin was 38.9% in Q2 FY27 (second quarter fiscal 2027), -1.9 pts from Q1 FY27.
How has Advanced Drainage Systems' gross margin changed?
Over the last 7 quarters it ranged from 35.1% (Q4 FY26) to 40.8% (Q1 FY27).
Q2 FY27 results → · How Advanced Drainage Systems makes money →