Masterbrand vs Advanced Drainage Systems
Masterbrand and Advanced Drainage Systems are similar in size: $2.73bn and $3.05bn of revenue in their latest fiscal years. Advanced Drainage Systems grew faster (5.0% against 1.3%). Advanced Drainage Systems kept more of each dollar of sales as profit: a net margin of 14.0% against 1.0%. Masterbrand carries less debt relative to equity (73.3% against 87.7%).
| Latest fiscal year | MasterbrandMBC, 2025 | Advanced Drainage SystemsWMS, 2026 |
|---|---|---|
| Revenue | $2.73bn | $3.05bn |
| Revenue growth | 1.3% | 5.0% |
| Net income | $26.7m | $426m |
| Operating margin | 4.4% | 20.3% |
| Net margin | 1.0% | 14.0% |
| Return on equity | 2.0% | 25.2% |
| Free cash flow | $118m | $569m |
| Cash | $183m | $223m |
| Total debt | $985m | $1.63bn |
| Debt to equity | 73.3% | 87.7% |
| Dividend per share | — | $0.72 |
| Dividend yield | — | 0.6% |
| Share buybacks | $18.1m | $92.0m |
| Employees | 12,000 | — |
| Market value | $1.41bn | $9.69bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | — | 49 (Moderate) |
| Insider trades, 12 months | 4 buys, 5 sales | 0 buys, 9 sales |