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Side-by-side financial comparison of Allegiant Travel CO (ALGT) and ADVANCED DRAINAGE SYSTEMS, INC. (WMS). Click either name above to swap in a different company.
Allegiant Travel CO is the larger business by last-quarter revenue ($732.4M vs $693.4M, roughly 1.1× ADVANCED DRAINAGE SYSTEMS, INC.). ADVANCED DRAINAGE SYSTEMS, INC. runs the higher net margin — 13.5% vs 5.8%, a 7.7% gap on every dollar of revenue. On growth, Allegiant Travel CO posted the faster year-over-year revenue change (4.8% vs 0.4%). Over the past eight quarters, Allegiant Travel CO's revenue compounded faster (11.0% CAGR vs 3.0%).
Allegiant Air, styled as allegiant, is an American low-cost airline headquartered in Las Vegas, Nevada. The airline focuses on serving leisure traffic from small and medium-sized cities which it considers to be underserved, using an ultra low-cost business model with minimal inclusions in fares and a greater number of add-on fees.
Advanced Drainage Systems, Inc. (ADS) is an American company that designs, manufactures and markets polypropylene and polyethylene pipes, plastic leach field chambers and systems, septic tanks and accessories, storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water filters and water separators. It is the largest maker of high-density polyethylene pipe in the United States. It is headquartered in Hilliard, Ohio. In 2020, 93% of the company's s...
ALGT vs WMS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $732.4M | $693.4M |
| Net Profit | $42.5M | $93.6M |
| Gross Margin | — | 37.4% |
| Operating Margin | 11.1% | 19.7% |
| Net Margin | 5.8% | 13.5% |
| Revenue YoY | 4.8% | 0.4% |
| Net Profit YoY | 32.4% | 15.3% |
| EPS (diluted) | $2.30 | $1.19 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $732.4M | — | ||
| Q4 25 | $595.5M | $693.4M | ||
| Q3 25 | $494.1M | $850.4M | ||
| Q2 25 | $617.9M | $829.9M | ||
| Q1 25 | $616.8M | $615.8M | ||
| Q4 24 | $553.6M | $690.5M | ||
| Q3 24 | $489.0M | $782.6M | ||
| Q2 24 | $594.5M | $815.3M |
| Q1 26 | $42.5M | — | ||
| Q4 25 | $31.9M | $93.6M | ||
| Q3 25 | $-43.6M | $156.0M | ||
| Q2 25 | $-65.2M | $143.9M | ||
| Q1 25 | $32.1M | $77.2M | ||
| Q4 24 | $-216.2M | $81.2M | ||
| Q3 24 | $-36.8M | $130.4M | ||
| Q2 24 | $13.7M | $161.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 37.4% | ||
| Q3 25 | — | 40.0% | ||
| Q2 25 | — | 39.8% | ||
| Q1 25 | — | 36.7% | ||
| Q4 24 | — | 35.0% | ||
| Q3 24 | — | 37.6% | ||
| Q2 24 | — | 40.8% |
| Q1 26 | 11.1% | — | ||
| Q4 25 | 11.2% | 19.7% | ||
| Q3 25 | -5.5% | 26.3% | ||
| Q2 25 | -10.9% | 24.8% | ||
| Q1 25 | 10.5% | 19.0% | ||
| Q4 24 | -47.7% | 18.4% | ||
| Q3 24 | -5.4% | 23.9% | ||
| Q2 24 | 5.9% | 27.7% |
| Q1 26 | 5.8% | — | ||
| Q4 25 | 5.4% | 13.5% | ||
| Q3 25 | -8.8% | 18.3% | ||
| Q2 25 | -10.5% | 17.3% | ||
| Q1 25 | 5.2% | 12.5% | ||
| Q4 24 | -39.1% | 11.8% | ||
| Q3 24 | -7.5% | 16.7% | ||
| Q2 24 | 2.3% | 19.8% |
| Q1 26 | $2.30 | — | ||
| Q4 25 | $1.82 | $1.19 | ||
| Q3 25 | $-2.41 | $1.99 | ||
| Q2 25 | $-3.62 | $1.84 | ||
| Q1 25 | $1.73 | $0.99 | ||
| Q4 24 | $-12.12 | $1.04 | ||
| Q3 24 | $-2.05 | $1.67 | ||
| Q2 24 | $0.75 | $2.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $902.1M | $1.0B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $1.9B |
| Total Assets | — | $4.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $902.1M | — | ||
| Q4 25 | $805.7M | $1.0B | ||
| Q3 25 | $956.7M | $812.9M | ||
| Q2 25 | $842.8M | $638.3M | ||
| Q1 25 | $878.6M | $463.3M | ||
| Q4 24 | $781.1M | $488.9M | ||
| Q3 24 | $759.3M | $613.0M | ||
| Q2 24 | $791.9M | $541.6M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.7B | $1.3B | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.7B | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $1.9B | ||
| Q3 25 | $1.0B | $1.8B | ||
| Q2 25 | $1.1B | $1.7B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.1B | $1.5B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.3B | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | $4.2B | $4.1B | ||
| Q3 25 | $4.4B | $4.1B | ||
| Q2 25 | $4.4B | $3.9B | ||
| Q1 25 | $4.5B | $3.7B | ||
| Q4 24 | $4.4B | $3.6B | ||
| Q3 24 | $4.8B | $3.5B | ||
| Q2 24 | $4.9B | $3.4B |
| Q1 26 | — | — | ||
| Q4 25 | 1.60× | — | ||
| Q3 25 | 1.76× | — | ||
| Q2 25 | 1.68× | — | ||
| Q1 25 | 1.57× | 0.83× | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 1.30× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $269.3M |
| Free Cash FlowOCF − Capex | — | $183.6M |
| FCF MarginFCF / Revenue | — | 26.5% |
| Capex IntensityCapex / Revenue | — | 12.4% |
| Cash ConversionOCF / Net Profit | — | 2.88× |
| TTM Free Cash FlowTrailing 4 quarters | — | $577.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $112.2M | $269.3M | ||
| Q3 25 | $-6.1M | $234.9M | ||
| Q2 25 | $92.2M | $275.0M | ||
| Q1 25 | $191.4M | $41.2M | ||
| Q4 24 | $84.4M | $189.9M | ||
| Q3 24 | $17.3M | $166.9M | ||
| Q2 24 | $68.9M | $183.4M |
| Q1 26 | — | — | ||
| Q4 25 | $90.4M | $183.6M | ||
| Q3 25 | $-121.7M | $176.4M | ||
| Q2 25 | $-10.5M | $222.4M | ||
| Q1 25 | $116.9M | $-5.3M | ||
| Q4 24 | $24.0M | $135.7M | ||
| Q3 24 | $-28.7M | $112.4M | ||
| Q2 24 | $7.0M | $125.7M |
| Q1 26 | — | — | ||
| Q4 25 | 15.2% | 26.5% | ||
| Q3 25 | -24.6% | 20.7% | ||
| Q2 25 | -1.7% | 26.8% | ||
| Q1 25 | 19.0% | -0.9% | ||
| Q4 24 | 4.3% | 19.7% | ||
| Q3 24 | -5.9% | 14.4% | ||
| Q2 24 | 1.2% | 15.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 12.4% | ||
| Q3 25 | 23.4% | 6.9% | ||
| Q2 25 | 16.6% | 6.3% | ||
| Q1 25 | 12.1% | 7.6% | ||
| Q4 24 | 10.9% | 7.9% | ||
| Q3 24 | 9.4% | 7.0% | ||
| Q2 24 | 10.4% | 7.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.51× | 2.88× | ||
| Q3 25 | — | 1.51× | ||
| Q2 25 | — | 1.91× | ||
| Q1 25 | 5.96× | 0.53× | ||
| Q4 24 | — | 2.34× | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | 5.03× | 1.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALGT
| Passenger | $671.8M | 92% |
| Third party products | $42.3M | 6% |
| Fixed fee contracts | $18.1M | 2% |
| Resort and other | $175.0K | 0% |
WMS
| Reportable Segment Aggregation Before Other Operating Segment | $557.3M | 80% |
| Other | $85.5M | 12% |
| Pipe | $35.5M | 5% |
| Allied Products And Other | $15.0M | 2% |
