Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States, Canada, and internationally. It operates through Pipe, Infiltrator, International, and Allied Products & Other segments. The company offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through …
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Competitive advantage assessment
Key strengths
Margins Consistently Above PeersGross margin at 38.3% (top 23%) and operating margin at 20.3% (top 6%) indicate strong pricing power.
ROIC Sustainably Above PeersROIC at 71.9th percentile exceeds peers and WACC, demonstrating superior capital allocation.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Advanced Drainage Systems, Inc. ranks #6 of 35
scored companies in Building Products & Equipment by moat score — the top 17%.
The widest moat in the group is Armstrong World Industries Inc (AWI)
at 83/100.
Moat scores for companies ranked near WMS in Building Products & Equipment
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 84
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 77
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 72
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 63
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 78
· 15% of the moat score
Scale matters only when it converts into economics.
What is Advanced Drainage Systems, Inc.'s moat score?
Advanced Drainage Systems, Inc. (WMS) scores 74 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #6 of 35 scored companies in Building Products & Equipment, the top 17%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 34 companies in Building Products & Equipment. Its strongest defense is Cost Advantage (84/100) and its weakest is Resilience (63/100).
How does Advanced Drainage Systems, Inc. compare with other Building Products & Equipment companies?
Advanced Drainage Systems, Inc. ranks #6 of 35 scored companies in Building Products & Equipment by moat score. The widest moat in Building Products & Equipment is Armstrong World Industries Inc (AWI) at 83/100. The companies ranked closest are Trex Company, Inc. (TREX) at 75 just above it and SPX Technologies, Inc. (SPXC) at 70 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 34 companies in Building Products & Equipment. The defenses are then weighted to produce the overall score out of 100.
Why is Advanced Drainage Systems, Inc. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Advanced Drainage Systems, Inc.?
The Corporate Default template measures 6 defenses, and WMS scores: Pricing Power (72), Cost Advantage (84), Customer Stickiness (77), Capital Efficiency (72), Resilience (63), Scale & Market Position (78). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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