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Side-by-side financial comparison of GENMAB A/S (GMAB) and ADVANCED DRAINAGE SYSTEMS, INC. (WMS). Click either name above to swap in a different company.

GENMAB A/S is the larger business by last-quarter revenue ($925.0M vs $693.4M, roughly 1.3× ADVANCED DRAINAGE SYSTEMS, INC.). GENMAB A/S runs the higher net margin — 36.3% vs 13.5%, a 22.8% gap on every dollar of revenue. On growth, GENMAB A/S posted the faster year-over-year revenue change (18.7% vs 0.4%). GENMAB A/S produced more free cash flow last quarter ($327.0M vs $183.6M).

Genmab A/S is a Danish biotechnology company, founded in February 1999 by Florian Schönharting, at the time managing director of BankInvest Biomedical venture fund. The company is based in Copenhagen, Denmark – internationally, it operates through the subsidiaries Genmab B.V. in Utrecht, The Netherlands, Genmab U.S., Inc. in Princeton, New Jersey, US, Genmab K.K. in Tokyo, Japan, Genmab Germany GmbH in München, Germany and Genmab (Suzhou) Co., Ltd. in Suzhou, China. Genmab is listed on the Co...

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...

GMAB vs WMS — Head-to-Head

Bigger by revenue
GMAB
GMAB
1.3× larger
GMAB
$925.0M
$693.4M
WMS
Growing faster (revenue YoY)
GMAB
GMAB
+18.3% gap
GMAB
18.7%
0.4%
WMS
Higher net margin
GMAB
GMAB
22.8% more per $
GMAB
36.3%
13.5%
WMS
More free cash flow
GMAB
GMAB
$143.4M more FCF
GMAB
$327.0M
$183.6M
WMS

Income Statement — Q2 FY2025 vs Q3 FY2026

Metric
GMAB
GMAB
WMS
WMS
Revenue
$925.0M
$693.4M
Net Profit
$336.0M
$93.6M
Gross Margin
93.8%
37.4%
Operating Margin
38.9%
19.7%
Net Margin
36.3%
13.5%
Revenue YoY
18.7%
0.4%
Net Profit YoY
65.5%
15.3%
EPS (diluted)
$5.42
$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
GMAB
GMAB
WMS
WMS
Q4 25
$693.4M
Q3 25
$850.4M
Q2 25
$925.0M
$829.9M
Q1 25
$615.8M
Q4 24
$690.5M
Q3 24
$782.6M
Q2 24
$779.0M
$815.3M
Q1 24
$653.8M
Net Profit
GMAB
GMAB
WMS
WMS
Q4 25
$93.6M
Q3 25
$156.0M
Q2 25
$336.0M
$143.9M
Q1 25
$77.2M
Q4 24
$81.2M
Q3 24
$130.4M
Q2 24
$203.0M
$161.4M
Q1 24
$94.8M
Gross Margin
GMAB
GMAB
WMS
WMS
Q4 25
37.4%
Q3 25
40.0%
Q2 25
93.8%
39.8%
Q1 25
36.7%
Q4 24
35.0%
Q3 24
37.6%
Q2 24
96.4%
40.8%
Q1 24
38.5%
Operating Margin
GMAB
GMAB
WMS
WMS
Q4 25
19.7%
Q3 25
26.3%
Q2 25
38.9%
24.8%
Q1 25
19.0%
Q4 24
18.4%
Q3 24
23.9%
Q2 24
30.3%
27.7%
Q1 24
20.7%
Net Margin
GMAB
GMAB
WMS
WMS
Q4 25
13.5%
Q3 25
18.3%
Q2 25
36.3%
17.3%
Q1 25
12.5%
Q4 24
11.8%
Q3 24
16.7%
Q2 24
26.1%
19.8%
Q1 24
14.5%
EPS (diluted)
GMAB
GMAB
WMS
WMS
Q4 25
$1.19
Q3 25
$1.99
Q2 25
$5.42
$1.84
Q1 25
$0.99
Q4 24
$1.04
Q3 24
$1.67
Q2 24
$3.13
$2.06
Q1 24
$1.22

Balance Sheet & Financial Strength

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

Metric
GMAB
GMAB
WMS
WMS
Cash + ST InvestmentsLiquidity on hand
$1.3B
$1.0B
Total DebtLower is stronger
Stockholders' EquityBook value
$5.3B
$1.9B
Total Assets
$6.5B
$4.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GMAB
GMAB
WMS
WMS
Q4 25
$1.0B
Q3 25
$812.9M
Q2 25
$1.3B
$638.3M
Q1 25
$463.3M
Q4 24
$488.9M
Q3 24
$613.0M
Q2 24
$622.0M
$541.6M
Q1 24
$490.2M
Total Debt
GMAB
GMAB
WMS
WMS
Q4 25
Q3 25
Q2 25
Q1 25
$1.3B
Q4 24
Q3 24
Q2 24
Q1 24
$1.3B
Stockholders' Equity
GMAB
GMAB
WMS
WMS
Q4 25
$1.9B
Q3 25
$1.8B
Q2 25
$5.3B
$1.7B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.4B
Q2 24
$4.4B
$1.3B
Q1 24
$1.2B
Total Assets
GMAB
GMAB
WMS
WMS
Q4 25
$4.1B
Q3 25
$4.1B
Q2 25
$6.5B
$3.9B
Q1 25
$3.7B
Q4 24
$3.6B
Q3 24
$3.5B
Q2 24
$5.6B
$3.4B
Q1 24
$3.3B
Debt / Equity
GMAB
GMAB
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
GMAB
GMAB
WMS
WMS
Operating Cash FlowLast quarter
$349.0M
$269.3M
Free Cash FlowOCF − Capex
$327.0M
$183.6M
FCF MarginFCF / Revenue
35.4%
26.5%
Capex IntensityCapex / Revenue
2.4%
12.4%
Cash ConversionOCF / Net Profit
1.04×
2.88×
TTM Free Cash FlowTrailing 4 quarters
$577.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GMAB
GMAB
WMS
WMS
Q4 25
$269.3M
Q3 25
$234.9M
Q2 25
$349.0M
$275.0M
Q1 25
$41.2M
Q4 24
$189.9M
Q3 24
$166.9M
Q2 24
$438.0M
$183.4M
Q1 24
$17.7M
Free Cash Flow
GMAB
GMAB
WMS
WMS
Q4 25
$183.6M
Q3 25
$176.4M
Q2 25
$327.0M
$222.4M
Q1 25
$-5.3M
Q4 24
$135.7M
Q3 24
$112.4M
Q2 24
$430.0M
$125.7M
Q1 24
$-29.8M
FCF Margin
GMAB
GMAB
WMS
WMS
Q4 25
26.5%
Q3 25
20.7%
Q2 25
35.4%
26.8%
Q1 25
-0.9%
Q4 24
19.7%
Q3 24
14.4%
Q2 24
55.2%
15.4%
Q1 24
-4.6%
Capex Intensity
GMAB
GMAB
WMS
WMS
Q4 25
12.4%
Q3 25
6.9%
Q2 25
2.4%
6.3%
Q1 25
7.6%
Q4 24
7.9%
Q3 24
7.0%
Q2 24
1.0%
7.1%
Q1 24
7.3%
Cash Conversion
GMAB
GMAB
WMS
WMS
Q4 25
2.88×
Q3 25
1.51×
Q2 25
1.04×
1.91×
Q1 25
0.53×
Q4 24
2.34×
Q3 24
1.28×
Q2 24
2.16×
1.14×
Q1 24
0.19×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GMAB
GMAB

Darzalex$638.0M69%
Kesimpta$108.0M12%
Net Product Sales$101.0M11%
Other$28.0M3%
Tepezza$20.0M2%
Reimbursement Revenue$13.0M1%
Bio N Tech$11.0M1%
Abb Vie$5.0M1%
Milestone Revenue$1.0M0%

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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