Advanced Drainage Systems (WMS)

NYSE Industrials Building Products S&P MidCap 400

$124.31

+1.68 (+1.37%)

Close of Nov 06, 2026 · end-of-day data

Source: Advanced Drainage Systems's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$1.26B	$1.33B	$1.38B	$1.67B	$1.98B	$2.77B	$3.07B	$2.87B	$2.90B	$3.05B
Cost of revenue	$961.45M	$1.03B	$1.06B	—	—	—	—	—	—	—
Gross profit	$295.81M	$302.48M	$326.97M	$316.48M	$690.08M	$800.38M	$1.12B	$1.15B	$1.09B	$1.17B
Selling, general & admin	—	—	$186.03M	$271.34M	$267.57M	—	—	—	—	—
Operating income	$76.33M	$88.25M	$129.41M	-$95.35M	$344.52M	$411.92M	$719.31M	$732.13M	$657.44M	$619.20M
Pre-tax income	$64.83M	$76.94M	$111.61M	-$179.61M	$312.27M	$383.51M	$657.10M	$666.75M	$589.47M	$559.79M
Income tax	$24.61M	$11.41M	$30.05M	$14.09M	$86.38M	$110.07M	$150.59M	$159.00M	$141.06M	$134.99M
Net income	$62.01M	$62.01M	$77.77M	-$193.17M	$224.23M	$271.33M	$507.09M	$509.92M	$450.17M	$426.46M
EBITDA	$148.68M	$150.37M	$188.58M	-$33.12M	$410.93M	$553.73M	$864.46M	$887.03M	$840.72M	$835.46M
EPS (basic)	$1.00	$1.00	$1.23	$-3.21	$2.64	$3.22	$6.16	$6.52	$5.81	$5.48
EPS (diluted)	$0.99	$0.99	$1.22	$-3.21	$2.59	$3.15	$6.08	$6.45	$5.76	$5.44
Diluted shares	56.33M	56.33M	57.61M	63.82M	71.57M	72.91M	83.34M	79.02M	78.19M	78.38M
Gross margin	23.5%	22.7%	23.6%	18.9%	34.8%	28.9%	36.4%	39.9%	37.7%	38.3%
Operating margin	6.1%	6.6%	9.3%	-5.7%	17.4%	14.9%	23.4%	25.5%	22.6%	20.3%
Net margin	4.9%	4.7%	5.6%	-11.5%	11.3%	9.8%	16.5%	17.7%	15.5%	14.0%

Balance sheet

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash & equivalents	$6.45M	$17.59M	$8.89M	$174.23M	$195.01M	$20.12M	$217.13M	$490.16M	$463.32M	$223.01M
Receivables	$168.94M	$171.96M	$186.99M	$200.03M	$236.19M	$341.75M	$306.94M	$323.58M	$333.22M	$390.54M
Inventory	$258.43M	$263.79M	$264.54M	$282.40M	$300.96M	$494.32M	$463.99M	$464.20M	$488.27M	$543.38M
Total current assets	$440.57M	$458.45M	$466.51M	$666.21M	$742.98M	$871.90M	$1.02B	$1.30B	$1.32B	$1.23B
Goodwill	$100.57M	$103.02M	$102.64M	$597.82M	$599.07M	$610.29M	$620.19M	$617.18M	$720.22M	$1.04B
Total assets	$1.05B	$1.04B	$1.04B	$2.37B	$2.41B	$2.65B	$2.90B	$3.27B	$3.69B	$4.51B
Total current liabilities	$255.75M	$221.24M	$206.28M	$238.21M	$318.27M	$391.24M	$378.80M	$439.62M	$398.40M	$509.47M
Short-term debt	$37.79M	$26.85M	$25.93M	$7.96M	$7.00M	$19.45M	$14.69M	$11.87M	$9.93M	$5.87M
Long-term debt	$310.85M	$270.90M	$208.60M	$1.09B	$782.22M	$908.71M	$1.27B	$1.26B	$1.25B	$1.61B
Total debt	$348.64M	$297.75M	$234.53M	$1.10B	$789.22M	$928.16M	$1.28B	$1.27B	$1.26B	$1.61B
Total liabilities	$695.85M	$609.43M	$541.52M	$1.59B	$1.35B	$1.54B	$1.91B	$1.99B	$2.05B	$2.55B
Shareholders' equity	$222.70M	$307.60M	$384.33M	$525.72M	$819.78M	$893.04M	$824.15M	$1.15B	$1.53B	$1.86B

Cash flow

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Operating cash flow	$104.24M	$137.12M	$151.68M	$306.19M	$452.22M	$274.89M	$707.81M	$717.93M	$581.49M	$819.05M
Capital expenditures	$46.68M	$41.71M	$43.41M	$67.68M	$78.76M	$149.08M	$166.91M	$183.81M	$212.94M	$249.77M
Free cash flow	$57.56M	$95.41M	$108.27M	$238.51M	$373.46M	$125.81M	$540.90M	$534.12M	$368.55M	$569.29M
Investing cash flow	-$61.26M	-$30.45M	-$42.54M	-$1.15B	-$77.87M	-$198.83M	-$214.48M	-$155.66M	-$447.87M	-$1.21B
Financing cash flow	-$42.83M	-$94.95M	-$117.66M	$1.01B	-$354.58M	-$251.07M	-$296.28M	-$284.34M	-$157.73M	$156.32M
Dividends paid	$16.82M	$18.48M	$26.15M	$92.13M	$32.16M	$37.02M	$39.61M	$43.99M	$49.74M	$56.12M
Share buybacks	—	$7.95M	—	$0	$0	$292.00M	$575.03M	$207.31M	$69.92M	$91.96M
Stock-based compensation	$17.88M	$18.84M	$21.83M	$32.40M	$65.43M	$24.16M	$21.66M	$31.99M	$26.58M	$32.35M
Depreciation & amortization	$72.36M	$62.11M	$59.16M	$62.23M	$66.41M	$141.81M	$145.15M	$154.90M	$183.28M	$216.26M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$662.37M	$653.84M	$815.34M	$782.61M	$690.54M	$615.76M	$829.88M	$850.38M	$693.35M	$676.76M	$1.00B	$889.41M
Gross profit	$259.85M	$251.96M	$332.45M	$293.94M	$241.59M	$226.25M	$330.44M	$340.13M	$259.15M	$237.66M	$408.05M	$345.86M
Operating income	$153.27M	$135.38M	$226.22M	$187.38M	$126.86M	$116.98M	$205.75M	$223.29M	$136.82M	$53.34M	$254.55M	$194.88M
Pre-tax income	$135.71M	$120.16M	$210.51M	$171.18M	$108.56M	$99.22M	$189.42M	$208.19M	$122.74M	$39.43M	$228.96M	$176.50M
Income tax	$30.13M	$26.33M	$49.89M	$40.92M	$27.09M	$23.17M	$46.67M	$52.40M	$30.56M	$5.36M	$53.69M	$44.21M
Net income	$105.64M	$94.82M	$161.40M	$130.38M	$81.23M	$77.16M	$143.92M	$156.02M	$93.63M	$32.90M	$168.52M	$110.44M
EBITDA	$191.32M	$178.27M	$267.31M	$232.18M	$174.63M	$166.59M	$255.97M	$277.99M	$188.34M	$113.16M	$316.70M	$258.56M
EPS (basic)	$1.36	$1.23	$2.08	$1.68	$1.05	$1.00	$1.85	$2.01	$1.20	$0.42	$2.20	$1.47
EPS (diluted)	$1.34	$1.21	$2.06	$1.67	$1.04	$0.99	$1.84	$1.99	$1.19	$0.42	$2.19	$1.46
Diluted shares	78.59M	-171.00K	78.28M	78.11M	78.11M	-8.00K	78.12M	78.31M	78.45M	47.00K	77.02M	75.79M
Gross margin	39.2%	38.5%	40.8%	37.6%	35.0%	36.7%	39.8%	40.0%	37.4%	35.1%	40.8%	38.9%
Operating margin	23.1%	20.7%	27.7%	23.9%	18.4%	19.0%	24.8%	26.3%	19.7%	7.9%	25.4%	21.9%
Net margin	15.9%	14.5%	19.8%	16.7%	11.8%	12.5%	17.3%	18.3%	13.5%	4.9%	16.8%	12.4%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$560.74M	$490.16M	$541.64M	$613.02M	$488.86M	$463.32M	$638.27M	$812.86M	$1.01B	$223.01M	$162.25M	$153.25M
Receivables	$240.81M	$323.58M	$369.26M	$357.64M	$247.94M	$333.22M	$379.79M	$400.46M	$237.59M	$390.54M	$458.55M	$429.45M
Inventory	$405.41M	$464.20M	$487.83M	$487.23M	$476.37M	$488.27M	$453.69M	$423.78M	$431.25M	$543.38M	$548.54M	$563.77M
Total current assets	$1.24B	$1.30B	$1.42B	$1.49B	$1.25B	$1.32B	$1.52B	$1.67B	$1.71B	$1.23B	$1.24B	$1.19B
Goodwill	$617.40M	$617.18M	$617.05M	$617.15M	$720.54M	$720.22M	$725.70M	$725.28M	$725.20M	$1.04B	$1.04B	$1.04B
Total assets	$3.16B	$3.27B	$3.45B	$3.54B	$3.60B	$3.69B	$3.91B	$4.08B	$4.14B	$4.51B	$4.51B	$4.46B
Total current liabilities	$409.12M	$439.62M	$492.93M	$467.34M	$388.09M	$398.40M	$471.60M	$480.86M	$413.38M	$509.47M	$585.63M	$562.04M
Short-term debt	$12.28M	$11.87M	$11.49M	$11.13M	$10.62M	$9.93M	$9.31M	$8.66M	$6.46M	$5.87M	$7.71M	$7.96M
Long-term debt	$1.26B	$1.26B	$1.26B	$1.26B	$1.25B	$1.25B	$1.25B	$1.25B	$1.28B	$1.61B	$1.60B	$1.60B
Total debt	$1.27B	$1.27B	$1.27B	$1.27B	$1.26B	$1.26B	$1.26B	$1.26B	$1.28B	$1.61B	$1.61B	$1.61B
Total liabilities	$1.94B	$1.99B	$2.06B	$2.04B	$2.04B	$2.05B	$2.13B	$2.15B	$2.12B	$2.55B	$2.62B	$2.61B
Shareholders' equity	$1.08B	$1.15B	$1.26B	$1.38B	$1.45B	$1.53B	$1.67B	$1.83B	$1.93B	$1.86B	$1.79B	$1.76B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$241.40M	$17.67M	$183.43M	$166.90M	$189.94M	$41.23M	$274.98M	$234.87M	$269.29M	$39.92M	$260.39M	—
Capital expenditures	$53.76M	$47.43M	$57.72M	$54.47M	$54.23M	$46.53M	$52.60M	$58.42M	$85.72M	$53.03M	$57.15M	$41.61M
Free cash flow	$187.64M	-$29.76M	$125.71M	$112.43M	$135.71M	-$5.31M	$222.38M	$176.45M	$183.57M	-$13.11M	$203.24M	—
Investing cash flow	-$53.68M	-$39.78M	-$57.22M	-$54.33M	-$291.35M	-$44.98M	-$69.93M	-$35.41M	-$81.23M	-$1.03B	-$55.01M	-$42.23M
Financing cash flow	-$93.05M	-$47.91M	-$73.89M	-$40.74M	-$21.30M	-$21.78M	-$31.13M	-$24.72M	$3.20M	$208.97M	-$268.61M	-$164.26M
Dividends paid	$10.89M	$10.88M	$12.43M	$12.49M	$12.41M	$12.41M	$13.98M	$14.11M	$14.01M	$14.03M	$15.31M	$15.21M
Share buybacks	$76.62M	$29.12M	$49.24M	$20.68M	$0	$0	$0	$0	$0	$91.96M	$233.24M	$139.68M
Stock-based compensation	$7.40M	$8.35M	$6.98M	$6.98M	$7.80M	$4.82M	$8.40M	$8.58M	$8.84M	$6.54M	$13.27M	$11.26M
Depreciation & amortization	$38.05M	$42.89M	$41.10M	$44.81M	$47.77M	$49.61M	$50.23M	$54.69M	$51.52M	$59.82M	$62.16M	$63.69M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.