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Side-by-side financial comparison of AMDOCS LTD (DOX) and ADVANCED DRAINAGE SYSTEMS, INC. (WMS). Click either name above to swap in a different company.

AMDOCS LTD is the larger business by last-quarter revenue ($1.3B vs $693.4M, roughly 1.8× ADVANCED DRAINAGE SYSTEMS, INC.). ADVANCED DRAINAGE SYSTEMS, INC. runs the higher net margin — 13.5% vs 11.2%, a 2.3% gap on every dollar of revenue. On growth, AMDOCS LTD posted the faster year-over-year revenue change (1.1% vs 0.4%). Over the past eight quarters, AMDOCS LTD's revenue compounded faster (4.5% CAGR vs 3.0%).

Amdocs Limited is a multinational telecommunications technology company headquartered in Chesterfield, Missouri. The company specializes in software and services for communications, media and financial services providers and digital enterprises. Amdocs was founded in 1982 and is publicly traded on the Nasdaq stock exchange.

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...

DOX vs WMS — Head-to-Head

Bigger by revenue
DOX
DOX
1.8× larger
DOX
$1.3B
$693.4M
WMS
Growing faster (revenue YoY)
DOX
DOX
+0.7% gap
DOX
1.1%
0.4%
WMS
Higher net margin
WMS
WMS
2.3% more per $
WMS
13.5%
11.2%
DOX
Faster 2-yr revenue CAGR
DOX
DOX
Annualised
DOX
4.5%
3.0%
WMS

Income Statement — Q3 FY2024 vs Q3 FY2026

Metric
DOX
DOX
WMS
WMS
Revenue
$1.3B
$693.4M
Net Profit
$140.3M
$93.6M
Gross Margin
37.4%
Operating Margin
14.1%
19.7%
Net Margin
11.2%
13.5%
Revenue YoY
1.1%
0.4%
Net Profit YoY
-12.0%
15.3%
EPS (diluted)
$1.21
$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.

Revenue
DOX
DOX
WMS
WMS
Q4 25
$693.4M
Q3 25
$850.4M
Q2 25
$829.9M
Q1 25
$615.8M
Q4 24
$690.5M
Q3 24
$782.6M
Q2 24
$1.3B
$815.3M
Q1 24
$1.2B
$653.8M
Net Profit
DOX
DOX
WMS
WMS
Q4 25
$93.6M
Q3 25
$156.0M
Q2 25
$143.9M
Q1 25
$77.2M
Q4 24
$81.2M
Q3 24
$130.4M
Q2 24
$140.3M
$161.4M
Q1 24
$118.5M
$94.8M
Gross Margin
DOX
DOX
WMS
WMS
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 24
38.5%
Operating Margin
DOX
DOX
WMS
WMS
Q4 25
19.7%
Q3 25
26.3%
Q2 25
24.8%
Q1 25
19.0%
Q4 24
18.4%
Q3 24
23.9%
Q2 24
14.1%
27.7%
Q1 24
12.5%
20.7%
Net Margin
DOX
DOX
WMS
WMS
Q4 25
13.5%
Q3 25
18.3%
Q2 25
17.3%
Q1 25
12.5%
Q4 24
11.8%
Q3 24
16.7%
Q2 24
11.2%
19.8%
Q1 24
9.5%
14.5%
EPS (diluted)
DOX
DOX
WMS
WMS
Q4 25
$1.19
Q3 25
$1.99
Q2 25
$1.84
Q1 25
$0.99
Q4 24
$1.04
Q3 24
$1.67
Q2 24
$1.21
$2.06
Q1 24
$1.01
$1.22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DOX
DOX
WMS
WMS
Cash + ST InvestmentsLiquidity on hand
$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.

Cash + ST Investments
DOX
DOX
WMS
WMS
Q4 25
$1.0B
Q3 25
$812.9M
Q2 25
$638.3M
Q1 25
$463.3M
Q4 24
$488.9M
Q3 24
$613.0M
Q2 24
$541.6M
Q1 24
$490.2M
Total Debt
DOX
DOX
WMS
WMS
Q4 25
Q3 25
Q2 25
Q1 25
$1.3B
Q4 24
Q3 24
Q2 24
Q1 24
$1.3B
Stockholders' Equity
DOX
DOX
WMS
WMS
Q4 25
$1.9B
Q3 25
$1.8B
Q2 25
$1.7B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.4B
Q2 24
$1.3B
Q1 24
$1.2B
Total Assets
DOX
DOX
WMS
WMS
Q4 25
$4.1B
Q3 25
$4.1B
Q2 25
$3.9B
Q1 25
$3.7B
Q4 24
$3.6B
Q3 24
$3.5B
Q2 24
$3.4B
Q1 24
$3.3B
Debt / Equity
DOX
DOX
WMS
WMS
Q4 25
Q3 25
Q2 25
Q1 25
0.83×
Q4 24
Q3 24
Q2 24
Q1 24
1.11×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DOX
DOX
WMS
WMS
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.

Operating Cash Flow
DOX
DOX
WMS
WMS
Q4 25
$269.3M
Q3 25
$234.9M
Q2 25
$275.0M
Q1 25
$41.2M
Q4 24
$189.9M
Q3 24
$166.9M
Q2 24
$183.4M
Q1 24
$17.7M
Free Cash Flow
DOX
DOX
WMS
WMS
Q4 25
$183.6M
Q3 25
$176.4M
Q2 25
$222.4M
Q1 25
$-5.3M
Q4 24
$135.7M
Q3 24
$112.4M
Q2 24
$125.7M
Q1 24
$-29.8M
FCF Margin
DOX
DOX
WMS
WMS
Q4 25
26.5%
Q3 25
20.7%
Q2 25
26.8%
Q1 25
-0.9%
Q4 24
19.7%
Q3 24
14.4%
Q2 24
15.4%
Q1 24
-4.6%
Capex Intensity
DOX
DOX
WMS
WMS
Q4 25
12.4%
Q3 25
6.9%
Q2 25
6.3%
Q1 25
7.6%
Q4 24
7.9%
Q3 24
7.0%
Q2 24
7.1%
Q1 24
7.3%
Cash Conversion
DOX
DOX
WMS
WMS
Q4 25
2.88×
Q3 25
1.51×
Q2 25
1.91×
Q1 25
0.53×
Q4 24
2.34×
Q3 24
1.28×
Q2 24
1.14×
Q1 24
0.19×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DOX
DOX

Segment breakdown not available.

WMS
WMS

Reportable Segment Aggregation Before Other Operating Segment$557.3M80%
Other$85.5M12%
Pipe$35.5M5%
Allied Products And Other$15.0M2%

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