Filing Flows › Advanced Drainage Systems (WMS) › Q1 FY27 › vs Q4 FY26
Advanced Drainage Systems (WMS) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Advanced Drainage Systems's revenue rose $324M (+48%) from $677M in Q4 FY26 to $1.0B in Q1 FY27. Gross margin 40.8% against 35.1% (+5.6 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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 40.8% | 35.1% | +5.6 pts |
| Operating margin | 25.4% | 7.9% | +17.5 pts |
| Net margin | 16.8% | 4.9% | +12.0 pts |
| Free cash flow margin | 20.3% | -1.9% | +22.2 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $1.0B | $677M | $324M | +48% |
| Gross profit | $408M | $238M | $170M | +72% |
| Cost of revenue | $593M | $439M | $154M | +35% |
| Operating profit | $255M | $53.3M | $201M | +377% |
| Operating expenses | $153M | $184M | −$30.8M | -17% |
| Pre-tax earnings | $225M | $39.4M | $185M | +470% |
| Other expense, net | $29.9M | $13.9M | $16.0M | +115% |
| Net earnings | $169M | $32.9M | $136M | +412% |
| Minority interests | $2.4M | $1.2M | $1.1M | +92% |
| Income tax | $53.7M | $5.4M | $48.3M | +902% |
| Depreciation & amortization | $62.2M | $59.8M | $2.3M | +4% |
| Share-based compensation | $13.3M | $6.5M | $6.7M | +103% |
| Working capital & other | $16.4M | −$59.3M | $75.8M | — |
| Operating cash flow | $260M | $39.9M | $220M | +552% |
| Free cash flow (OCF − capex) | $203M | −$13.1M | $216M | — |
| Capital expenditures | $57.2M | $53.0M | $4.1M | +8% |
Questions
How much did Advanced Drainage Systems's revenue grow quarter over quarter in Q1 FY27?
Advanced Drainage Systems's revenue rose $324M (+48%) from $677M in Q4 FY26 to $1.0B in Q1 FY27. Gross margin 40.8% against 35.1% (+5.6 pts).