WMS

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Advanced Drainage Systems, Inc.

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Key Metrics

Previous Close: $126.86
52-Week Range: $124.61 – $179.32
Market Cap: $9.60B
P/E (TTM): 21.68
EPS (TTM): 5.87
Dividend Yield: 0.63%

Advanced Metrics

Price/Book: 5.07
PEG Ratio: 1.20
Return on Equity: 26.35%
Return on Assets: 10.97%
Gross Margin: 38.65%
Operating Margin: 26.32%
Profit Margin: 14.00%
Current Ratio: 2.12
Debt/Equity: 0.97
Total Debt: $1.77B
Free Cash Flow: $327.26M
Revenue Growth: 20.60%
Earnings Growth: 18.80%
Enterprise Value: $11.23B

WMS Income statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Revenue	$3.07B	$2.87B	$2.90B	$3.05B
Cost of Revenue	$1.95B	$1.73B	$1.81B	$1.88B
Gross Profit	$1.12B	$1.15B	$1.09B	$1.17B
Selling, General & Admin	$339.50M	$370.71M	$380.38M	$469.55M
Operating Expenses	$394.70M	$422.18M	$432.95M	$528.97M
Operating Income	$723.71M	$723.77M	$661.29M	$638.41M
EBITDA	$872.43M	$910.52M	$864.55M	$869.92M
Pretax Income	$657.10M	$666.75M	$589.47M	$559.79M
Income Tax	$150.59M	$159.00M	$141.06M	$134.99M
Net Income	$507.09M	$509.92M	$450.17M	$426.46M
Diluted EPS	6.08	6.45	5.76	5.44
Diluted Shares	83.34M	79.02M	78.19M	78.38M

WMS Balance Sheet statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Cash & Equivalents	$217.13M	$490.16M	$463.32M	$223.01M
Receivables	$306.94M	$323.58M	$333.22M	$390.54M
Inventory	$463.99M	$464.20M	$488.27M	$543.38M
Current Assets	$1.02B	$1.30B	$1.32B	$1.23B
Total Assets	$2.90B	$3.27B	$3.69B	$4.51B
Current Liabilities	$378.80M	$439.62M	$398.40M	$509.47M
Long-Term Debt	$1.27B	$1.26B	$1.25B	$1.61B
Total Debt	$1.34B	$1.37B	$1.45B	$1.79B
Total Liabilities	$1.91B	$1.99B	$2.05B	$2.55B
Retained Earnings	$626.22M	$1.09B	$1.49B	$1.86B
Shareholders' Equity	$977.37M	$1.26B	$1.62B	$1.93B
Working Capital	$638.69M	$860.35M	$926.39M	$721.36M
Net Debt	$1.07B	$781.23M	$798.20M	$1.39B

WMS Cash Flow statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Operating Cash Flow	$707.81M	$717.93M	$581.49M	$819.05M
Capital Expenditure	-$166.91M	-$183.81M	-$212.94M	-$249.77M
Free Cash Flow	$540.90M	$534.12M	$368.55M	$569.29M
Depreciation & Amortisation	$145.15M	$154.90M	$183.28M	$216.26M
Stock-Based Compensation	$21.66M	$31.99M	$26.58M	$32.35M
Investing Cash Flow	-$214.48M	-$155.66M	-$447.87M	-$1.21B
Financing Cash Flow	-$296.28M	-$284.34M	-$157.73M	$156.32M
Dividends Paid	-$39.61M	-$43.99M	-$49.74M	-$56.12M
Share Repurchases	-$575.03M	-$207.31M	-$69.92M	-$91.96M
Net Change in Cash	$197.06M	$277.92M	-$24.10M	-$236.45M

WMS Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$829.88M	$850.38M	$693.35M	$676.76M	$1.00B
Cost of Revenue	$499.44M	$510.25M	$434.20M	$439.10M	$593.07M
Gross Profit	$330.44M	$340.13M	$259.15M	$237.66M	$408.05M
Selling, General & Admin	$103.96M	$119.22M	$108.74M	$137.62M	$130.82M
Operating Expenses	$117.67M	$132.76M	$122.24M	$156.30M	$150.88M
Operating Income	$212.77M	$207.37M	$136.91M	$81.36M	$257.17M
EBITDA	$262.68M	$286.00M	$196.84M	$124.39M	$318.16M
Pretax Income	$189.42M	$208.19M	$122.74M	$39.43M	$228.96M
Income Tax	$46.67M	$52.40M	$30.56M	$5.36M	$53.69M
Net Income	$143.92M	$156.02M	$93.63M	$32.90M	$168.52M
Diluted EPS	1.84	1.99	1.19	0.42	2.19
Diluted Shares	78.12M	78.31M	78.45M	78.48M	77.02M

WMS Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$638.27M	$812.86M	$1.01B	$223.01M	$162.25M
Receivables	$379.79M	$400.46M	$237.59M	$390.54M	$458.55M
Inventory	$453.69M	$423.78M	$431.25M	$543.38M	$548.54M
Current Assets	$1.52B	$1.67B	$1.71B	$1.23B	$1.24B
Total Assets	$3.91B	$4.08B	$4.14B	$4.51B	$4.51B
Current Liabilities	$471.60M	$480.86M	$413.38M	$509.47M	$585.63M
Long-Term Debt	$1.25B	$1.25B	$1.28B	$1.61B	$1.60B
Total Debt	$1.43B	$1.43B	$1.45B	$1.79B	$1.77B
Total Liabilities	$2.13B	$2.15B	$2.12B	$2.55B	$2.62B
Retained Earnings	$1.62B	$1.76B	$1.84B	$1.86B	$2.02B
Shareholders' Equity	$1.76B	$1.91B	$2.01B	$1.93B	$1.86B
Working Capital	$1.05B	$1.19B	$1.29B	$721.36M	$655.30M
Net Debt	$621.09M	$444.30M	$273.97M	$1.39B	$1.45B

WMS Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$274.98M	$234.87M	$269.29M	$39.92M	$260.39M
Capital Expenditure	-$52.60M	-$58.42M	-$85.72M	-$53.03M	-$57.15M
Free Cash Flow	$222.38M	$176.45M	$183.57M	-$13.11M	$203.24M
Depreciation & Amortisation	$50.23M	$54.69M	$51.52M	$59.82M	$62.16M
Stock-Based Compensation	$8.40M	$8.58M	$8.84M	$6.54M	$13.27M
Investing Cash Flow	-$69.93M	-$35.41M	-$81.23M	-$1.03B	-$55.01M
Financing Cash Flow	-$31.13M	-$24.72M	$3.20M	$208.97M	-$268.61M
Dividends Paid	-$13.98M	-$14.11M	-$14.01M	-$14.03M	-$15.31M
Share Repurchases	$0.00	$0.00	$0.00	-$91.96M	-$233.24M
Net Change in Cash	$173.91M	$174.74M	$191.26M	-$776.36M	-$63.22M

Market Snapshot

About

Advanced Drainage Systems is a leading manufacturer of thermoplastic corrugated pipe and related water management products. The company provides solutions for stormwater management, sanitary sewers, and agricultural drainage across North America. ADS products are used in residential, commercial, infrastructure, and agricultural applications.