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Advanced Drainage Systems (WMS) operating margin by quarter
Advanced Drainage Systems' operating margin was 21.9% in Q2 FY27 (second quarter fiscal 2027), -3.5 pts from Q1 FY27. Over the last 7 quarters it ranged from 7.9% (Q4 FY26) to 26.3% (Q2 FY26).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q2 FY27 | 21.9% | -3.5 pts | -4.3 pts |
| Q1 FY27 | 25.4% | +17.5 pts | +0.6 pts |
| Q4 FY26 | 7.9% | -11.9 pts | -11.1 pts |
| Q3 FY26 | 19.7% | -6.5 pts | — |
| Q2 FY26 | 26.3% | +1.5 pts | — |
| Q1 FY26 | 24.8% | +5.8 pts | — |
| Q4 FY25 | 19.0% | — | — |
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' operating margin?
Advanced Drainage Systems' operating margin was 21.9% in Q2 FY27 (second quarter fiscal 2027), -3.5 pts from Q1 FY27.
How has Advanced Drainage Systems' operating margin changed?
Over the last 7 quarters it ranged from 7.9% (Q4 FY26) to 26.3% (Q2 FY26).
Q2 FY27 results → · How Advanced Drainage Systems makes money →