Filing Flows › Advanced Drainage Systems (WMS) › Q1 FY27 › vs Q1 FY26
Advanced Drainage Systems (WMS) Q1 FY27 vs Q1 FY26 (year over year)
Advanced Drainage Systems's revenue rose $171M (+21%) from $830M in Q1 FY26 to $1.0B in Q1 FY27. The biggest changes: Stormwater +$158M (+24%); Wastewater +$13.4M (+8%). Gross margin 40.8% against 39.8% (+0.9 pts).
Advanced Drainage Systems, Q1 FY27: revenue $1.0B (+21% year over year), operating margin 25.4%, net earnings $169M, operating cash flow $260M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 40.8% | 39.8% | +0.9 pts |
| Operating margin | 25.4% | 24.8% | +0.6 pts |
| Net margin | 16.8% | 17.3% | -0.5 pts |
| Free cash flow margin | 20.3% | 26.8% | -6.5 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Stormwater | $809M | $652M | $158M | +24% |
| Wastewater | $192M | $178M | $13.4M | +8% |
| Revenue | $1.0B | $830M | $171M | +21% |
| Gross profit | $408M | $330M | $77.6M | +23% |
| Cost of revenue | $593M | $499M | $93.6M | +19% |
| Operating profit | $255M | $206M | $48.8M | +24% |
| Operating expenses | $153M | $125M | $28.8M | +23% |
| Pre-tax earnings | $225M | $191M | $33.8M | +18% |
| Other expense, net | $29.9M | $15.0M | $15.0M | +100% |
| Sales & marketing | $131M | $104M | $26.9M | +26% |
| Other operating costs | $22.7M | $20.7M | $1.9M | +9% |
| Net earnings | $169M | $144M | $24.6M | +17% |
| Minority interests | $2.4M | $169K | $2.2M | 14× |
| Income tax | $53.7M | $46.7M | $7.0M | +15% |
| Depreciation & amortization | $62.2M | $50.2M | $11.9M | +24% |
| Share-based compensation | $13.3M | $8.4M | $4.9M | +58% |
| Working capital & other | $16.4M | $72.4M | −$56.0M | -77% |
| Operating cash flow | $260M | $275M | −$14.6M | -5% |
| Free cash flow (OCF − capex) | $203M | $222M | −$19.1M | -9% |
| Capital expenditures | $57.2M | $52.6M | $4.6M | +9% |
Questions
How much did Advanced Drainage Systems's revenue grow year over year in Q1 FY27?
Advanced Drainage Systems's revenue rose $171M (+21%) from $830M in Q1 FY26 to $1.0B in Q1 FY27.
What drove Advanced Drainage Systems's revenue change in Q1 FY27?
Stormwater +$158M (+24%); Wastewater +$13.4M (+8%).