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Side-by-side financial comparison of ADVANCED DRAINAGE SYSTEMS, INC. (WMS) and WOLVERINE WORLD WIDE INC (WWW). Click either name above to swap in a different company.
ADVANCED DRAINAGE SYSTEMS, INC. is the larger business by last-quarter revenue ($693.4M vs $517.5M, roughly 1.3× WOLVERINE WORLD WIDE INC). ADVANCED DRAINAGE SYSTEMS, INC. runs the higher net margin — 13.5% vs 6.1%, a 7.4% gap on every dollar of revenue. On growth, WOLVERINE WORLD WIDE INC posted the faster year-over-year revenue change (25.5% vs 0.4%). ADVANCED DRAINAGE SYSTEMS, INC. produced more free cash flow last quarter ($183.6M vs $145.6M). Over the past eight quarters, WOLVERINE WORLD WIDE INC's revenue compounded faster (14.5% CAGR vs 3.0%).
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...
Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.
WMS vs WWW — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $693.4M | $517.5M |
| Net Profit | $93.6M | $31.8M |
| Gross Margin | 37.4% | 47.3% |
| Operating Margin | 19.7% | 9.7% |
| Net Margin | 13.5% | 6.1% |
| Revenue YoY | 0.4% | 25.5% |
| Net Profit YoY | 15.3% | 162.8% |
| EPS (diluted) | $1.19 | $0.37 |
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 | — | $517.5M | ||
| Q4 25 | $693.4M | — | ||
| Q3 25 | $850.4M | $470.3M | ||
| Q2 25 | $829.9M | $474.2M | ||
| Q1 25 | $615.8M | $412.3M | ||
| Q4 24 | $690.5M | $494.7M | ||
| Q3 24 | $782.6M | $440.2M | ||
| Q2 24 | $815.3M | $425.2M |
| Q1 26 | — | $31.8M | ||
| Q4 25 | $93.6M | — | ||
| Q3 25 | $156.0M | $25.1M | ||
| Q2 25 | $143.9M | $26.8M | ||
| Q1 25 | $77.2M | $12.1M | ||
| Q4 24 | $81.2M | $23.1M | ||
| Q3 24 | $130.4M | $23.2M | ||
| Q2 24 | $161.4M | $13.8M |
| Q1 26 | — | 47.3% | ||
| Q4 25 | 37.4% | — | ||
| Q3 25 | 40.0% | 47.5% | ||
| Q2 25 | 39.8% | 47.2% | ||
| Q1 25 | 36.7% | 47.2% | ||
| Q4 24 | 35.0% | 43.4% | ||
| Q3 24 | 37.6% | 45.1% | ||
| Q2 24 | 40.8% | 43.1% |
| Q1 26 | — | 9.7% | ||
| Q4 25 | 19.7% | — | ||
| Q3 25 | 26.3% | 8.4% | ||
| Q2 25 | 24.8% | 8.6% | ||
| Q1 25 | 19.0% | 4.8% | ||
| Q4 24 | 18.4% | 7.4% | ||
| Q3 24 | 23.9% | 7.9% | ||
| Q2 24 | 27.7% | 6.8% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | 13.5% | — | ||
| Q3 25 | 18.3% | 5.3% | ||
| Q2 25 | 17.3% | 5.7% | ||
| Q1 25 | 12.5% | 2.9% | ||
| Q4 24 | 11.8% | 4.7% | ||
| Q3 24 | 16.7% | 5.3% | ||
| Q2 24 | 19.8% | 3.2% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | $1.19 | — | ||
| Q3 25 | $1.99 | $0.30 | ||
| Q2 25 | $1.84 | $0.32 | ||
| Q1 25 | $0.99 | $0.15 | ||
| Q4 24 | $1.04 | $0.29 | ||
| Q3 24 | $1.67 | $0.28 | ||
| Q2 24 | $2.06 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | — |
| Total DebtLower is stronger | — | $621.7M |
| Stockholders' EquityBook value | $1.9B | $408.0M |
| Total Assets | $4.1B | $1.7B |
| Debt / EquityLower = less leverage | — | 1.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | — | $621.7M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $676.4M | ||
| Q2 25 | — | $708.5M | ||
| Q1 25 | $1.3B | $710.8M | ||
| Q4 24 | — | $648.0M | ||
| Q3 24 | — | $702.8M | ||
| Q2 24 | — | $814.7M |
| Q1 26 | — | $408.0M | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.8B | $376.7M | ||
| Q2 25 | $1.7B | $344.0M | ||
| Q1 25 | $1.5B | $310.6M | ||
| Q4 24 | $1.5B | $312.9M | ||
| Q3 24 | $1.4B | $295.2M | ||
| Q2 24 | $1.3B | $262.1M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $4.1B | — | ||
| Q3 25 | $4.1B | $1.7B | ||
| Q2 25 | $3.9B | $1.8B | ||
| Q1 25 | $3.7B | $1.7B | ||
| Q4 24 | $3.6B | $1.7B | ||
| Q3 24 | $3.5B | $1.8B | ||
| Q2 24 | $3.4B | $1.8B |
| Q1 26 | — | 1.52× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | 0.83× | 2.29× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | — | 2.38× | ||
| Q2 24 | — | 3.11× |
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 | $146.2M |
| Free Cash FlowOCF − Capex | $183.6M | $145.6M |
| FCF MarginFCF / Revenue | 26.5% | 28.1% |
| Capex IntensityCapex / Revenue | 12.4% | 0.1% |
| Cash ConversionOCF / Net Profit | 2.88× | 4.60× |
| TTM Free Cash FlowTrailing 4 quarters | $577.1M | $125.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $146.2M | ||
| Q4 25 | $269.3M | — | ||
| Q3 25 | $234.9M | $33.0M | ||
| Q2 25 | $275.0M | $44.6M | ||
| Q1 25 | $41.2M | $-83.8M | ||
| Q4 24 | $189.9M | $82.4M | ||
| Q3 24 | $166.9M | $108.2M | ||
| Q2 24 | $183.4M | $26.7M |
| Q1 26 | — | $145.6M | ||
| Q4 25 | $183.6M | — | ||
| Q3 25 | $176.4M | $30.1M | ||
| Q2 25 | $222.4M | $41.2M | ||
| Q1 25 | $-5.3M | $-91.4M | ||
| Q4 24 | $135.7M | $74.4M | ||
| Q3 24 | $112.4M | $104.1M | ||
| Q2 24 | $125.7M | $23.7M |
| Q1 26 | — | 28.1% | ||
| Q4 25 | 26.5% | — | ||
| Q3 25 | 20.7% | 6.4% | ||
| Q2 25 | 26.8% | 8.7% | ||
| Q1 25 | -0.9% | -22.2% | ||
| Q4 24 | 19.7% | 15.0% | ||
| Q3 24 | 14.4% | 23.6% | ||
| Q2 24 | 15.4% | 5.6% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 12.4% | — | ||
| Q3 25 | 6.9% | 0.6% | ||
| Q2 25 | 6.3% | 0.7% | ||
| Q1 25 | 7.6% | 1.8% | ||
| Q4 24 | 7.9% | 1.6% | ||
| Q3 24 | 7.0% | 0.9% | ||
| Q2 24 | 7.1% | 0.7% |
| Q1 26 | — | 4.60× | ||
| Q4 25 | 2.88× | — | ||
| Q3 25 | 1.51× | 1.31× | ||
| Q2 25 | 1.91× | 1.66× | ||
| Q1 25 | 0.53× | -6.93× | ||
| Q4 24 | 2.34× | 3.57× | ||
| Q3 24 | 1.28× | 4.66× | ||
| Q2 24 | 1.14× | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
