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Side-by-side financial comparison of ADVANCED DRAINAGE SYSTEMS, INC. (WMS) and EXPRO GROUP HOLDINGS N.V. (XPRO). 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 $382.1M, roughly 1.8× EXPRO GROUP HOLDINGS N.V.). ADVANCED DRAINAGE SYSTEMS, INC. runs the higher net margin — 13.5% vs 1.5%, a 12.0% gap on every dollar of revenue. On growth, ADVANCED DRAINAGE SYSTEMS, INC. posted the faster year-over-year revenue change (0.4% vs -12.5%). ADVANCED DRAINAGE SYSTEMS, INC. produced more free cash flow last quarter ($183.6M vs $23.2M). Over the past eight quarters, ADVANCED DRAINAGE SYSTEMS, INC.'s revenue compounded faster (3.0% CAGR vs -0.2%).
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...
Expro is an energy services provider headquartered in Houston, Texas, United States.
WMS vs XPRO — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $693.4M | $382.1M |
| Net Profit | $93.6M | $5.8M |
| Gross Margin | 37.4% | — |
| Operating Margin | 19.7% | 3.1% |
| Net Margin | 13.5% | 1.5% |
| Revenue YoY | 0.4% | -12.5% |
| Net Profit YoY | 15.3% | -74.9% |
| EPS (diluted) | $1.19 | $0.05 |
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.
| Q4 25 | $693.4M | $382.1M | ||
| Q3 25 | $850.4M | $411.4M | ||
| Q2 25 | $829.9M | $422.7M | ||
| Q1 25 | $615.8M | $390.9M | ||
| Q4 24 | $690.5M | $436.8M | ||
| Q3 24 | $782.6M | $422.8M | ||
| Q2 24 | $815.3M | $469.6M | ||
| Q1 24 | $653.8M | $383.5M |
| Q4 25 | $93.6M | $5.8M | ||
| Q3 25 | $156.0M | $14.0M | ||
| Q2 25 | $143.9M | $18.0M | ||
| Q1 25 | $77.2M | $13.9M | ||
| Q4 24 | $81.2M | $23.0M | ||
| Q3 24 | $130.4M | $16.3M | ||
| Q2 24 | $161.4M | $15.3M | ||
| Q1 24 | $94.8M | $-2.7M |
| 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% | — |
| Q4 25 | 19.7% | 3.1% | ||
| Q3 25 | 26.3% | 6.4% | ||
| Q2 25 | 24.8% | 7.7% | ||
| Q1 25 | 19.0% | 2.6% | ||
| Q4 24 | 18.4% | 7.3% | ||
| Q3 24 | 23.9% | 6.2% | ||
| Q2 24 | 27.7% | 5.9% | ||
| Q1 24 | 20.7% | 2.2% |
| Q4 25 | 13.5% | 1.5% | ||
| Q3 25 | 18.3% | 3.4% | ||
| Q2 25 | 17.3% | 4.3% | ||
| Q1 25 | 12.5% | 3.6% | ||
| Q4 24 | 11.8% | 5.3% | ||
| Q3 24 | 16.7% | 3.8% | ||
| Q2 24 | 19.8% | 3.3% | ||
| Q1 24 | 14.5% | -0.7% |
| Q4 25 | $1.19 | $0.05 | ||
| Q3 25 | $1.99 | $0.12 | ||
| Q2 25 | $1.84 | $0.16 | ||
| Q1 25 | $0.99 | $0.12 | ||
| Q4 24 | $1.04 | $0.20 | ||
| Q3 24 | $1.67 | $0.14 | ||
| Q2 24 | $2.06 | $0.13 | ||
| Q1 24 | $1.22 | $-0.02 |
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 | $196.1M |
| Total DebtLower is stronger | — | $79.1M |
| Stockholders' EquityBook value | $1.9B | $1.5B |
| Total Assets | $4.1B | $2.3B |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $196.1M | ||
| Q3 25 | $812.9M | $197.9M | ||
| Q2 25 | $638.3M | $206.8M | ||
| Q1 25 | $463.3M | $179.3M | ||
| Q4 24 | $488.9M | $183.0M | ||
| Q3 24 | $613.0M | $165.7M | ||
| Q2 24 | $541.6M | $133.5M | ||
| Q1 24 | $490.2M | $163.2M |
| Q4 25 | — | $79.1M | ||
| Q3 25 | — | $99.1M | ||
| Q2 25 | — | $121.1M | ||
| Q1 25 | $1.3B | $121.1M | ||
| Q4 24 | — | $121.1M | ||
| Q3 24 | — | $121.1M | ||
| Q2 24 | — | $121.1M | ||
| Q1 24 | $1.3B | $40.0M |
| Q4 25 | $1.9B | $1.5B | ||
| Q3 25 | $1.8B | $1.5B | ||
| Q2 25 | $1.7B | $1.5B | ||
| Q1 25 | $1.5B | $1.5B | ||
| Q4 24 | $1.5B | $1.5B | ||
| Q3 24 | $1.4B | $1.5B | ||
| Q2 24 | $1.3B | $1.5B | ||
| Q1 24 | $1.2B | $1.3B |
| Q4 25 | $4.1B | $2.3B | ||
| Q3 25 | $4.1B | $2.3B | ||
| Q2 25 | $3.9B | $2.3B | ||
| Q1 25 | $3.7B | $2.3B | ||
| Q4 24 | $3.6B | $2.3B | ||
| Q3 24 | $3.5B | $2.3B | ||
| Q2 24 | $3.4B | $2.3B | ||
| Q1 24 | $3.3B | $2.0B |
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | 0.83× | 0.08× | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | — | 0.08× | ||
| Q2 24 | — | 0.08× | ||
| Q1 24 | 1.11× | 0.03× |
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 | $57.1M |
| Free Cash FlowOCF − Capex | $183.6M | $23.2M |
| FCF MarginFCF / Revenue | 26.5% | 6.1% |
| Capex IntensityCapex / Revenue | 12.4% | 8.9% |
| Cash ConversionOCF / Net Profit | 2.88× | 9.89× |
| TTM Free Cash FlowTrailing 4 quarters | $577.1M | $97.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $269.3M | $57.1M | ||
| Q3 25 | $234.9M | $63.2M | ||
| Q2 25 | $275.0M | $48.4M | ||
| Q1 25 | $41.2M | $41.5M | ||
| Q4 24 | $189.9M | $97.4M | ||
| Q3 24 | $166.9M | $55.3M | ||
| Q2 24 | $183.4M | $-13.2M | ||
| Q1 24 | $17.7M | $29.9M |
| Q4 25 | $183.6M | $23.2M | ||
| Q3 25 | $176.4M | $39.0M | ||
| Q2 25 | $222.4M | $27.2M | ||
| Q1 25 | $-5.3M | $8.4M | ||
| Q4 24 | $135.7M | $53.0M | ||
| Q3 24 | $112.4M | $23.3M | ||
| Q2 24 | $125.7M | $-49.5M | ||
| Q1 24 | $-29.8M | $-801.0K |
| Q4 25 | 26.5% | 6.1% | ||
| Q3 25 | 20.7% | 9.5% | ||
| Q2 25 | 26.8% | 6.4% | ||
| Q1 25 | -0.9% | 2.1% | ||
| Q4 24 | 19.7% | 12.1% | ||
| Q3 24 | 14.4% | 5.5% | ||
| Q2 24 | 15.4% | -10.5% | ||
| Q1 24 | -4.6% | -0.2% |
| Q4 25 | 12.4% | 8.9% | ||
| Q3 25 | 6.9% | 5.9% | ||
| Q2 25 | 6.3% | 5.0% | ||
| Q1 25 | 7.6% | 8.5% | ||
| Q4 24 | 7.9% | 10.2% | ||
| Q3 24 | 7.0% | 7.6% | ||
| Q2 24 | 7.1% | 7.7% | ||
| Q1 24 | 7.3% | 8.0% |
| Q4 25 | 2.88× | 9.89× | ||
| Q3 25 | 1.51× | 4.52× | ||
| Q2 25 | 1.91× | 2.69× | ||
| Q1 25 | 0.53× | 2.98× | ||
| Q4 24 | 2.34× | 4.23× | ||
| Q3 24 | 1.28× | 3.40× | ||
| Q2 24 | 1.14× | -0.86× | ||
| Q1 24 | 0.19× | — |
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% |
XPRO
| NLA | $130.3M | 34% |
| ESSA | $116.3M | 30% |
| MENA | $93.0M | 24% |
| Other | $42.5M | 11% |
