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Side-by-side financial comparison of ADVANCED DRAINAGE SYSTEMS, INC. (WMS) and Zeta Global Holdings Corp. (ZETA). 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 $394.6M, roughly 1.8× Zeta Global Holdings Corp.). ADVANCED DRAINAGE SYSTEMS, INC. runs the higher net margin — 13.5% vs 1.7%, a 11.8% gap on every dollar of revenue. On growth, Zeta Global Holdings Corp. posted the faster year-over-year revenue change (25.4% vs 0.4%). ADVANCED DRAINAGE SYSTEMS, INC. produced more free cash flow last quarter ($183.6M vs $60.9M). Over the past eight quarters, Zeta Global Holdings Corp.'s revenue compounded faster (42.3% 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...
Zeta Global Holdings Corp. is an American marketing technology company which was founded in 2007. Zeta offers companies a suite of multichannel marketing tools focused on creating, maintaining, and monetizing customer relationships. The company went public on the New York Stock Exchange on June 10, 2021, at a US$1.7 billion valuation.
WMS vs ZETA — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $693.4M | $394.6M |
| Net Profit | $93.6M | $6.5M |
| Gross Margin | 37.4% | 59.5% |
| Operating Margin | 19.7% | 4.5% |
| Net Margin | 13.5% | 1.7% |
| Revenue YoY | 0.4% | 25.4% |
| Net Profit YoY | 15.3% | -57.1% |
| EPS (diluted) | $1.19 | $0.04 |
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 | $394.6M | ||
| Q3 25 | $850.4M | $337.2M | ||
| Q2 25 | $829.9M | $308.4M | ||
| Q1 25 | $615.8M | $264.4M | ||
| Q4 24 | $690.5M | $314.7M | ||
| Q3 24 | $782.6M | $268.3M | ||
| Q2 24 | $815.3M | $227.8M | ||
| Q1 24 | $653.8M | $194.9M |
| Q4 25 | $93.6M | $6.5M | ||
| Q3 25 | $156.0M | $-3.6M | ||
| Q2 25 | $143.9M | $-12.8M | ||
| Q1 25 | $77.2M | $-21.6M | ||
| Q4 24 | $81.2M | $15.2M | ||
| Q3 24 | $130.4M | $-17.4M | ||
| Q2 24 | $161.4M | $-28.1M | ||
| Q1 24 | $94.8M | $-39.6M |
| Q4 25 | 37.4% | 59.5% | ||
| Q3 25 | 40.0% | 60.5% | ||
| Q2 25 | 39.8% | 62.1% | ||
| Q1 25 | 36.7% | 60.9% | ||
| Q4 24 | 35.0% | 60.0% | ||
| Q3 24 | 37.6% | 60.6% | ||
| Q2 24 | 40.8% | 60.0% | ||
| Q1 24 | 38.5% | 60.6% |
| Q4 25 | 19.7% | 4.5% | ||
| Q3 25 | 26.3% | 2.6% | ||
| Q2 25 | 24.8% | -1.7% | ||
| Q1 25 | 19.0% | -6.1% | ||
| Q4 24 | 18.4% | 2.2% | ||
| Q3 24 | 23.9% | -4.6% | ||
| Q2 24 | 27.7% | -11.7% | ||
| Q1 24 | 20.7% | -18.4% |
| Q4 25 | 13.5% | 1.7% | ||
| Q3 25 | 18.3% | -1.1% | ||
| Q2 25 | 17.3% | -4.2% | ||
| Q1 25 | 12.5% | -8.2% | ||
| Q4 24 | 11.8% | 4.8% | ||
| Q3 24 | 16.7% | -6.5% | ||
| Q2 24 | 19.8% | -12.3% | ||
| Q1 24 | 14.5% | -20.3% |
| Q4 25 | $1.19 | $0.04 | ||
| Q3 25 | $1.99 | $-0.02 | ||
| Q2 25 | $1.84 | $-0.06 | ||
| Q1 25 | $0.99 | $-0.10 | ||
| Q4 24 | $1.04 | $0.10 | ||
| Q3 24 | $1.67 | $-0.09 | ||
| Q2 24 | $2.06 | $-0.16 | ||
| Q1 24 | $1.22 | $-0.23 |
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 | $319.8M |
| Total DebtLower is stronger | — | $197.1M |
| Stockholders' EquityBook value | $1.9B | $804.6M |
| Total Assets | $4.1B | $1.5B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $319.8M | ||
| Q3 25 | $812.9M | $385.2M | ||
| Q2 25 | $638.3M | $365.3M | ||
| Q1 25 | $463.3M | $364.4M | ||
| Q4 24 | $488.9M | $366.2M | ||
| Q3 24 | $613.0M | $418.5M | ||
| Q2 24 | $541.6M | $154.7M | ||
| Q1 24 | $490.2M | $141.6M |
| Q4 25 | — | $197.1M | ||
| Q3 25 | — | $196.9M | ||
| Q2 25 | — | $196.7M | ||
| Q1 25 | $1.3B | $196.5M | ||
| Q4 24 | — | $196.3M | ||
| Q3 24 | — | $196.1M | ||
| Q2 24 | — | $184.4M | ||
| Q1 24 | $1.3B | $184.2M |
| Q4 25 | $1.9B | $804.6M | ||
| Q3 25 | $1.8B | $689.2M | ||
| Q2 25 | $1.7B | $673.3M | ||
| Q1 25 | $1.5B | $676.6M | ||
| Q4 24 | $1.5B | $676.8M | ||
| Q3 24 | $1.4B | $474.9M | ||
| Q2 24 | $1.3B | $217.0M | ||
| Q1 24 | $1.2B | $191.6M |
| Q4 25 | $4.1B | $1.5B | ||
| Q3 25 | $4.1B | $1.2B | ||
| Q2 25 | $3.9B | $1.1B | ||
| Q1 25 | $3.7B | $1.1B | ||
| Q4 24 | $3.6B | $1.1B | ||
| Q3 24 | $3.5B | $869.1M | ||
| Q2 24 | $3.4B | $583.9M | ||
| Q1 24 | $3.3B | $550.3M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | 0.83× | 0.29× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | 1.11× | 0.96× |
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 | $64.1M |
| Free Cash FlowOCF − Capex | $183.6M | $60.9M |
| FCF MarginFCF / Revenue | 26.5% | 15.4% |
| Capex IntensityCapex / Revenue | 12.4% | 0.8% |
| Cash ConversionOCF / Net Profit | 2.88× | 9.81× |
| TTM Free Cash FlowTrailing 4 quarters | $577.1M | $185.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $269.3M | $64.1M | ||
| Q3 25 | $234.9M | $57.9M | ||
| Q2 25 | $275.0M | $42.0M | ||
| Q1 25 | $41.2M | $34.8M | ||
| Q4 24 | $189.9M | $43.7M | ||
| Q3 24 | $166.9M | $34.4M | ||
| Q2 24 | $183.4M | $31.1M | ||
| Q1 24 | $17.7M | $24.7M |
| Q4 25 | $183.6M | $60.9M | ||
| Q3 25 | $176.4M | $52.4M | ||
| Q2 25 | $222.4M | $39.7M | ||
| Q1 25 | $-5.3M | $32.1M | ||
| Q4 24 | $135.7M | $35.4M | ||
| Q3 24 | $112.4M | $29.5M | ||
| Q2 24 | $125.7M | $24.4M | ||
| Q1 24 | $-29.8M | $18.9M |
| Q4 25 | 26.5% | 15.4% | ||
| Q3 25 | 20.7% | 15.6% | ||
| Q2 25 | 26.8% | 12.9% | ||
| Q1 25 | -0.9% | 12.1% | ||
| Q4 24 | 19.7% | 11.3% | ||
| Q3 24 | 14.4% | 11.0% | ||
| Q2 24 | 15.4% | 10.7% | ||
| Q1 24 | -4.6% | 9.7% |
| Q4 25 | 12.4% | 0.8% | ||
| Q3 25 | 6.9% | 1.6% | ||
| Q2 25 | 6.3% | 0.8% | ||
| Q1 25 | 7.6% | 1.0% | ||
| Q4 24 | 7.9% | 2.6% | ||
| Q3 24 | 7.0% | 1.8% | ||
| Q2 24 | 7.1% | 3.0% | ||
| Q1 24 | 7.3% | 3.0% |
| Q4 25 | 2.88× | 9.81× | ||
| Q3 25 | 1.51× | — | ||
| Q2 25 | 1.91× | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 2.34× | 2.87× | ||
| 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
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% |
ZETA
Segment breakdown not available.
