WMS · Advanced Drainage Systems, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q1 '24 | Q3 '23 | Q1 '23 | Q2 '23 | Q1 '22 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $693.35M | $850.38M | $829.88M | $815.34M | $662.37M | $914.19M | $884.21M | $669.30M | $715.36M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | $259.15M | $340.13M | $330.44M | $332.45M | $259.85M | $352.11M | $319.96M | $201.12M | $208.98M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | $76.22M | $36.07M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | $51.52M | $54.69M | $50.23M | $41.10M | $38.05M | $35.58M | $35.92M | $17.53M | $18.04M |
| Operating Income | - | $136.82M | $223.29M | $205.75M | $226.22M | $153.27M | $251.61M | $217.59M | $109.27M | $110.31M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | - | $30.56M | $52.40M | $46.67M | $49.89M | $30.13M | $55.06M | $47.51M | $26.45M | $28.79M |
| Net Income | - | $93.63M | $156.02M | $143.92M | $161.40M | $105.64M | $187.15M | $152.01M | $75.99M | $73.68M |
| EPS - Basic | - | $1.20 | $2.01 | $1.85 | $2.08 | $1.36 | $2.25 | $1.82 | $0.89 | $0.88 |
| EPS - Diluted | - | $1.19 | $1.99 | $1.84 | $2.06 | $1.34 | $2.22 | $1.80 | $0.87 | $0.86 |
Balance Sheet
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q1 '24 | Q3 '23 | Q1 '23 | Q2 '23 | Q1 '22 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $223.01M | $1.01B | $812.86M | $638.27M | $541.64M | $560.74M | $217.13M | $457.36M | $20.13M | $22.17M |
| Accounts Receivable | $390.54M | $237.59M | $400.46M | $379.79M | $369.26M | $240.81M | $306.94M | $387.95M | $341.75M | $303.14M |
| Inventory | $543.38M | $431.25M | $423.78M | $453.69M | $487.83M | $405.41M | $463.99M | $479.17M | $494.32M | $465.52M |
| Accounts Payable | $237.71M | $168.88M | $225.95M | $227.08M | $264.83M | $207.90M | $210.11M | $236.60M | $224.99M | $195.47M |
| Current Assets | $1.23B | $1.71B | $1.67B | $1.52B | $1.42B | $1.24B | $1.02B | $1.35B | $871.90M | $807.02M |
| Total Assets | $4.51B | $4.14B | $4.08B | $3.91B | $3.45B | $3.16B | $2.90B | $3.18B | $2.65B | $2.56B |
| Current Liabilities | $509.47M | $413.38M | $480.86M | $471.60M | $492.93M | $409.13M | $378.80M | $439.30M | $391.24M | $364.08M |
| Long-term Debt | $1.61B | $1.28B | $1.25B | $1.25B | $1.26B | $1.26B | $1.27B | $1.28B | $908.71M | $931.76M |
| Total Liabilities | $2.55B | $2.12B | $2.15B | $2.13B | $2.06B | $1.94B | $1.91B | $1.96B | $1.54B | $1.54B |
| Stockholders' Equity | $1.86B | $1.93B | $1.83B | $1.67B | $1.26B | $1.08B | $824.15M | $1.04B | $893.04M | $799.40M |
| Retained Earnings | $1.86B | $1.84B | $1.76B | $1.62B | $1.24B | $1.01B | $626.22M | $477.79M | $158.88M | $121.92M |
Cash Flow
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q1 '24 | Q3 '23 | Q1 '23 | Q2 '23 | Q1 '22 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | $274.98M | $183.43M | $243.97M | $249.76M | - | $104.35M | - |
| Investing Cash Flow | - | - | - | ($69.93M) | ($57.22M) | ($21.94M) | ($83.67M) | - | ($25.49M) | - |
| Financing Cash Flow | - | - | - | ($31.13M) | ($73.89M) | ($73.51M) | $277.68M | - | ($131.32M) | - |
| CapEx | - | - | - | $52.60M | $57.72M | $40.55M | $36.19M | $39.36M | $25.55M | $36.60M |
| Free Cash Flow | - | - | - | $222.38M | $125.71M | $203.42M | $213.58M | - | $78.80M | - |
Ratios
| Metric | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q1 '24 | Q3 '23 | Q1 '23 | Q2 '23 | Q1 '22 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 37.4% | 40.0% | 39.8% | 40.8% | 39.2% | 38.5% | 36.2% | 30.0% | 29.2% |
| Operating margin | - | 19.7% | 26.3% | 24.8% | 27.7% | 23.1% | 27.5% | 24.6% | 16.3% | 15.4% |
| EBITDA margin | - | 27.2% | 32.7% | 30.8% | 32.8% | 28.9% | 31.4% | 28.7% | 18.9% | 17.9% |
| Net margin | - | 13.5% | 18.3% | 17.3% | 19.8% | 15.9% | 20.5% | 17.2% | 11.4% | 10.3% |
| Free cash flow margin | - | - | - | 26.8% | 15.4% | 30.7% | 23.4% | - | 11.8% | - |
| FCF / Net income | - | - | - | 1.55 | 0.78 | 1.93 | 1.14 | - | 1.04 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | 11.4% | 5.0% |
| Effective tax rate | - | 24.6% | 25.1% | 24.5% | 23.6% | 22.2% | 22.7% | 23.8% | 25.8% | 28.1% |
| Return on assets | - | 2.3% | 3.8% | 3.7% | 4.7% | 3.3% | 6.5% | 4.8% | 2.9% | 2.9% |
| Return on equity | - | 4.9% | 8.5% | 8.6% | 12.8% | 9.8% | 22.7% | 14.6% | 8.5% | 9.2% |
| Return on invested capital | - | 3.2% | 5.4% | 5.3% | 6.9% | 5.1% | 9.3% | 7.2% | 4.5% | 4.6% |
| Liquidity | ||||||||||
| Current ratio | 2.42 | 4.12 | 3.48 | 3.22 | 2.89 | 3.03 | 2.69 | 3.07 | 2.23 | 2.22 |
| Quick ratio | 1.35 | 3.08 | 2.60 | 2.25 | 1.90 | 2.04 | 1.46 | 1.98 | 0.97 | 0.94 |
| Cash ratio | 0.44 | 2.44 | 1.69 | 1.35 | 1.10 | 1.37 | 0.57 | 1.04 | 0.05 | 0.06 |
| Leverage | ||||||||||
| Debt / Equity | 0.86 | 0.66 | 0.68 | 0.75 | 1.00 | 1.17 | 1.54 | 1.23 | 1.02 | 1.17 |
| Debt / Assets | 0.36 | 0.31 | 0.31 | 0.32 | 0.36 | 0.40 | 0.44 | 0.40 | 0.34 | 0.36 |
| Debt / EBITDA | - | 6.77 | 4.49 | 4.88 | 4.70 | 6.59 | 4.42 | 5.03 | 7.17 | 7.26 |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.42 | 2.15 | 2.23 | 2.34 | 2.73 | 2.93 | 3.52 | 3.06 | 2.97 | 3.20 |
| Liabilities / Assets | 0.57 | 0.51 | 0.53 | 0.55 | 0.60 | 0.61 | 0.66 | 0.62 | 0.58 | 0.60 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.17 | 0.21 | 0.21 | 0.24 | 0.21 | 0.32 | 0.28 | 0.25 | 0.28 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | 125d | 172d | 167d | 165d | 133d | 123d | 160d | 186d | 155d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | 121.7x | 69.7x | 62.4x | 77.9x | 105.0x | 37.9x | 69.1x | 136.6x | 158.3x |
| P / B | - | 5.9x | 5.9x | 5.4x | 9.9x | 10.2x | 8.6x | 10.1x | 9.7x | 12.4x |
| P / S | - | 16.4x | 12.8x | 10.8x | 15.4x | 16.7x | 7.8x | 11.9x | 13.0x | 13.9x |
| EV / EBITDA | - | 61.7x | 40.6x | 37.4x | 49.6x | 61.4x | 28.4x | 44.7x | 75.5x | 84.3x |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | 1.8% | -10.8% | - | 36.6% | - | 31.6% | 81.8% |
| Revenue CAGR (3y) | - | - | - | 7.4% | 17.0% | 19.0% | 30.3% | 21.3% | - | - |
| Revenue CAGR (5y) | - | 12.0% | 11.4% | 14.9% | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | -0.6% | -5.6% | - | 75.1% | - | 6.7% | 69.4% |
| Operating income growth (YoY) | - | - | - | -9.0% | -10.1% | - | 130.3% | - | 2.0% | 168.9% |
| Net income growth (YoY) | - | - | - | -10.8% | -13.8% | - | 146.3% | - | 7.8% | 216.4% |
| EPS growth (YoY) | - | - | - | -10.7% | -7.2% | - | 155.2% | - | 4.8% | 207.1% |
| EPS CAGR (3y) | - | - | - | 28.4% | 35.4% | 68.5% | - | 162.1% | 19.5% | 19.0% |
| EPS CAGR (5y) | - | 33.6% | 81.9% | - | 32.2% | 21.3% | - | 44.1% | 25.5% | 48.3% |
| FCF growth (YoY) | - | - | - | 76.9% | -41.1% | - | 171.0% | - | -36.2% | - |
| FCF CAGR (5y) | - | - | - | 33.2% | 111.7% | - | - | - | - | - |
| Book value growth (YoY) | 11.2% | - | - | 32.3% | 53.3% | - | -7.7% | - | 8.9% | 50.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-03-31.
Business segments
$3.15B totalStormwater Segment$2.43B · 77.3%
Wastewater Segment$714.54M · 22.7%
Product / service
$2.43B totalDomestic Pipe$1.50B · 61.4%
Domestic Allied Products$750.50M · 30.8%
International$187.83M · 7.7%
Geographic
$3.05B totalUS$2.86B · 93.7%
CA$119.27M · 3.9%
Other Countries$73.55M · 2.4%
Dividends
$0.74/share trailing 12 months · +12.1% YoY
| Ex-date | Per share |
|---|---|
| Jun 1, 2026 | $0.2000 |
| Mar 2, 2026 | $0.1800 |
| Dec 1, 2025 | $0.1800 |
| Aug 29, 2025 | $0.1800 |
| May 30, 2025 | $0.1800 |
| Feb 28, 2025 | $0.1600 |
| Dec 2, 2024 | $0.1600 |
| Aug 30, 2024 | $0.1600 |
| May 31, 2024 | $0.1600 |
| Feb 29, 2024 | $0.1400 |
| Nov 30, 2023 | $0.1400 |
| Aug 31, 2023 | $0.1400 |
| May 31, 2023 | $0.1400 |
| Feb 28, 2023 | $0.1200 |
| Nov 30, 2022 | $0.1200 |
| Aug 31, 2022 | $0.1200 |
| May 31, 2022 | $0.1200 |
| Feb 28, 2022 | $0.1100 |
| Nov 30, 2021 | $0.1100 |
| Aug 31, 2021 | $0.1100 |
| May 28, 2021 | $0.1100 |
| Feb 26, 2021 | $0.0900 |
| Nov 30, 2020 | $0.0900 |
| Aug 31, 2020 | $0.0900 |