Advanced Drainage Systems, Inc.(WMS)Earnings, Financials & Key Ratios

WMS•NYSE

$148.72

$12.64B mkt cap·25.8× P/E·Price updated May 6, 2026

SectorIndustrials IndustryConstruction Sub-IndustrySite, water and foundation infrastructure

AboutAdvanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the underground construction and infrastructure marketplace in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems, EZflow synthetic aggregate bundles, mechanical aeration wastewater solutions, septic tanks and accessories, and combined treatment and dispersal systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators. The company also purchases and distributes construction fabrics and other geosynthetic products for soil stabilization, reinforcement, filtration, separation, erosion control, and sub-surface drainage, as well as drainage grates and other products. It offers its products for non-residential, residential, agriculture, and infrastructure applications through a network of approximately 38 distribution centers. The company was incorporated in 1966 and is headquartered in Hilliard, Ohio.Show more

Revenue$2.9B+1.0%
EBITDA$841M-5.2%
Net Income$450M-11.7%
EPS (Diluted)5.76-10.7%
Gross Margin37.68%-5.5%
EBITDA Margin28.95%-6.2%
Operating Margin22.64%-11.1%
Net Margin15.5%-12.6%
ROE30.87%-31.1%
ROIC20.65%-19.6%
Debt/Equity0.88-17.2%
Interest Coverage7.16-13.1%

Analysis→Technical→

WMS Key Insights

Advanced Drainage Systems, Inc. (WMS) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Excellent 3Y average ROE of 41.3%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 11.7%
✓Healthy 5Y average net margin of 14.2%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

WMS Price & Volume

Advanced Drainage Systems, Inc. (WMS) stock price & volume — 10-year historical chart

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WMS Growth Metrics

Advanced Drainage Systems, Inc. (WMS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years9.44%

5 Years11.65%

3 Years1.6%

TTM1.6%

Profit CAGR

10 Years32.84%

5 Years-

3 Years18.38%

TTM0.62%

EPS CAGR

10 Years27.43%

5 Years-

3 Years22.28%

TTM0.5%

Return on Capital

10 Years15.4%

5 Years22.83%

3 Years26.31%

Last Year21.48%

WMS Recent Earnings

Advanced Drainage Systems, Inc. (WMS) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 8/12 qtrs (67%)●Beat Revenue 8/12 qtrs (67%)

Q1 2026Latest

Feb 5, 2026

EPS

$1.27

Est $1.11

+14.4%

Revenue

$693M

Est $687M

+0.9%

Q4 2025

Nov 6, 2025

EPS

$1.97

Est $1.64

+20.1%

Revenue

$850M

Est $801M

+6.2%

Q3 2025

Aug 7, 2025

EPS

$1.95

Est $1.75

+11.4%

Revenue

$691M

Est $797M

-13.4%

Q2 2025

May 15, 2025

EPS

$1.03

Est $1.06

-2.8%

Revenue

$616M

Est $659M

-6.6%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 5, 2026	$1.27vs $1.11+14.4%	$693Mvs $687M+0.9%
Q4 2025	Nov 6, 2025	$1.97vs $1.64+20.1%	$850Mvs $801M+6.2%
Q3 2025	Aug 7, 2025	$1.95vs $1.75+11.4%	$691Mvs $797M-13.4%
Q2 2025	May 15, 2025	$1.03vs $1.06-2.8%	$616Mvs $659M-6.6%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
NVRNVR, Inc.Direct Competitor	16.92B	6091.97	13.95	-2.08%	13.17%	34.29%	0.31
AAONAAON, Inc.Direct Competitor	8.05B	98.30	76.20	20.11%	7.46%	12.63%	0.48
FBINFortune Brands Innovations, Inc.Direct Competitor	4.8B	39.93	10.65	-0.37%	7.3%	13.77%	1.17
TREXTrex Company, Inc.Direct Competitor	4.25B	39.91	22.42	1.98%	16.22%	19.16%	0.22
PNRPentair plcProduct Competitor	12.92B	79.97	20.19	2.28%	15.97%	17.74%	0.42
NWPXNWPX Infrastructure, Inc.Product Competitor	1.07B	111.20	31.24	6.83%	7.66%	10.73%	0.26
MYRGMYR Group Inc.Product Competitor	7.08B	454.78	60.40	8.79%	3.71%	22.14%	0.16
LYBLyondellBasell Industries N.V.Supply Chain	23.67B	73.48	-31.27	-25.18%	-3.44%	-7.2%	1.56

Compare WMS vs Peers

Advanced Drainage Systems, Inc. (WMS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NVR

Most directly comparable listed peer for WMS.

Scale Benchmark

vs DHI

Larger-name benchmark to compare WMS against a more recognizable public peer.

Peer Set

Compare Top 5

vs NVR, AAON, FBIN, TREX

WMS Income Statement

Advanced Drainage Systems, Inc. (WMS) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Sales/Revenue	1.26B	1.33B	1.38B	1.67B	1.98B	2.77B	3.07B	2.87B	2.9B	2.99B
Revenue Growth %	-2.5%	5.81%	4.09%	20.88%	18.46%	39.67%	10.9%	-6.4%	1.04%	1.6%
Cost of Goods Sold	961.45M	1.03B	1.06B	1.18B	1.29B	1.97B	1.95B	1.73B	1.81B	1.85B
COGS % of Revenue	76.47%	77.26%	76.39%	70.27%	65.2%	71.1%	63.58%	60.13%	62.32%	-
Gross Profit	295.81M▲ 0%	302.48M▲ 2.3%	326.97M▲ 8.1%	497.54M▲ 52.2%	690.08M▲ 38.7%	800.38M▲ 16.0%	1.12B▲ 39.7%	1.15B▲ 2.5%	1.09B▼ 4.5%	1.14B▲ 0%
Gross Margin %	23.53%	22.74%	23.61%	29.73%	34.8%	28.9%	36.42%	39.87%	37.68%	38.22%
Gross Profit Growth %	5.4%	2.26%	8.1%	52.17%	38.7%	15.98%	39.73%	2.46%	-4.51%	-
Operating Expenses	210.97M	199.22M	193.91M	592.89M	345.56M	388.47M	399.1M	413.82M	436.81M	459.54M
OpEx % of Revenue	16.78%	14.98%	14%	35.42%	17.43%	14.03%	13%	14.4%	15.04%	-
Selling, General & Admin	202.43M	191.16M	186.03M	271.14M	267.57M	321.09M	339.5M	370.71M	380.38M	424.46M
SG&A % of Revenue	16.1%	14.37%	13.43%	16.2%	13.49%	11.59%	11.05%	12.9%	13.1%	-
Research & Development	3.37M	2.16M	2.66M	0	0	0	0	0	0	0
R&D % of Revenue	0.27%	0.16%	0.19%	-	-	-	-	-	-	-
Other Operating Expenses	8.55M	8.07M	7.88M	321.75M	77.98M	67.37M	59.59M	43.1M	56.43M	2M
Operating Income	76.33M▲ 0%	88.25M▲ 15.6%	129.41M▲ 46.6%	-95.35M▼ 173.7%	344.52M▲ 461.3%	411.92M▲ 19.6%	719.31M▲ 74.6%	732.13M▲ 1.8%	657.44M▼ 10.2%	682.85M▲ 0%
Operating Margin %	6.07%	6.63%	9.35%	-5.7%	17.38%	14.87%	23.42%	25.47%	22.64%	22.84%
Operating Income Growth %	-6.98%	15.62%	46.64%	-173.68%	461.33%	19.56%	74.62%	1.78%	-10.2%	-
EBITDA	148.68M	163.26M	201.31M	17.07M	490.11M	553.73M	864.46M	887.03M	840.72M	868.9M
EBITDA Margin %	11.83%	12.27%	14.54%	1.02%	24.72%	20%	28.15%	30.86%	28.95%	29.07%
EBITDA Growth %	62.88%	9.8%	23.31%	-91.52%	2770.51%	12.98%	56.12%	2.61%	-5.22%	3.95%
D&A (Non-Cash Add-back)	72.36M	75M	71.9M	112.42M	145.59M	141.81M	145.15M	154.9M	183.28M	186.06M
EBIT	82.3M	92.2M	130.23M	169.39M	347.93M	417.06M	727.28M	755.62M	681.27M	709.08M
Net Interest Income	-17.47M	-15.26M	-18.62M	-82.71M	-35.37M	-33.5M	-60.4M	-66.81M	-68.32M	-72.11M
Interest Income	0	0	0	0	287K	52K	9.78M	22.05M	23.48M	12.63M
Interest Expense	17.47M	15.26M	18.62M	82.71M	35.66M	33.55M	70.18M	88.86M	91.8M	91.45M
Other Income/Expense	-11.5M	-11.31M	-17.8M	-82.36M	-32.25M	-26.82M	-57.37M	-59.84M	-63.8M	-58.72M
Pretax Income	64.83M▲ 0%	76.94M▲ 18.7%	111.61M▲ 45.1%	-177.71M▼ 259.2%	312.27M▲ 275.7%	385.1M▲ 23.3%	661.94M▲ 71.9%	672.29M▲ 1.6%	593.64M▼ 11.7%	624.21M▲ 0%
Pretax Margin %	5.16%	5.78%	8.06%	-10.62%	15.75%	13.91%	21.55%	23.39%	20.44%	20.88%
Income Tax	24.61M	11.41M	30.05M	14.09M	86.38M	110.07M	150.59M	159M	141.06M	152.8M
Effective Tax Rate %	37.97%	14.83%	26.92%	-7.93%	27.66%	28.58%	22.75%	23.65%	23.76%	24.48%
Net Income	32.95M▲ 0%	62.01M▲ 88.2%	77.77M▲ 25.4%	-193.17M▼ 348.4%	224.23M▲ 216.1%	271.33M▲ 21.0%	507.09M▲ 86.9%	509.92M▲ 0.6%	450.17M▼ 11.7%	470.72M▲ 0%
Net Margin %	2.62%	4.66%	5.62%	-11.54%	11.31%	9.8%	16.51%	17.74%	15.5%	15.75%
Net Income Growth %	59.74%	88.19%	25.42%	-348.38%	216.08%	21.01%	86.89%	0.56%	-11.72%	0.62%
Net Income (Continuing)	35.91M	64.79M	81.47M	-191.8M	226.09M	275.03M	511.35M	513.29M	452.57M	471.42M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	14.91M	16.66M	13.99M	11.76M	13.73M	16.62M	17.49M	18.8M	17.7M	22.44M
EPS (Diluted)	0.59▲ 0%	1.10▲ 86.4%	1.35▲ 22.7%	-3.04▼ 325.2%	2.59▲ 185.2%	3.15▲ 21.6%	6.08▲ 93.0%	6.45▲ 6.1%	5.76▼ 10.7%	6.01▲ 0%
EPS Growth %	73.53%	86.44%	22.73%	-325.19%	185.2%	21.62%	93.02%	6.09%	-10.7%	0.5%
EPS (Basic)	0.60	1.11	1.36	-3.04	2.64	3.22	6.16	6.52	5.81	-
Diluted Shares Outstanding	55.62M	56.33M	57.61M	63.82M	71.57M	72.91M	83.34M	79.02M	78.19M	78.34M
Basic Shares Outstanding	54.92M	55.7M	57.02M	63.82M	70.16M	71.28M	82.31M	78.25M	77.55M	77.74M
Dividend Payout Ratio	51.05%	29.8%	33.62%	-	13.68%	13.64%	7.81%	8.63%	11.05%	-

WMS Balance Sheet

Advanced Drainage Systems, Inc. (WMS) balance sheet — assets, liabilities & shareholders' equity

Line item	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Total Current Assets	440.57M	458.45M	466.51M	666.21M	742.98M	871.9M	1.02B	1.3B	1.32B	1.71B
Cash & Short-Term Investments	6.45M	17.59M	8.89M	174.23M	195.01M	20.13M	217.13M	490.16M	463.32M	1.01B
Cash Only	6.45M	17.59M	8.89M	174.23M	195.01M	20.13M	217.13M	490.16M	463.32M	1.01B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	168.94M	171.96M	186.99M	200.03M	236.19M	341.75M	306.94M	323.58M	333.22M	237.59M
Days Sales Outstanding	49.05	47.18	49.29	43.62	43.48	45.04	36.48	41.09	41.88	41.24
Inventory	258.43M	263.79M	264.54M	282.4M	300.96M	494.32M	463.99M	464.2M	488.27M	431.25M
Days Inventory Outstanding	98.11	93.67	91.28	87.63	84.98	91.64	86.73	98.02	98.46	88.78
Other Current Assets	6.74M	5.11M	6.09M	9.55M	10.82M	15.7M	29.42M	22.03M	39.97M	28.07M
Total Non-Current Assets	605.72M	584.79M	575.65M	1.7B	1.67B	1.78B	1.88B	1.97B	2.37B	2.44B
Property, Plant & Equipment	406.86M	399.38M	398.89M	506.25M	504.27M	619.38M	733.06M	876.35M	1.05B	1.15B
Fixed Asset Turnover	3.09x	3.33x	3.47x	3.31x	3.93x	4.47x	4.19x	3.28x	2.76x	2.72x
Goodwill	100.57M	103.02M	102.64M	597.82M	599.07M	610.29M	620.19M	617.18M	720.22M	725.2M
Intangible Assets	59.74M	54.63M	50.25M	566.38M	482.02M	431.38M	407.63M	352.65M	448.06M	410.29M
Long-Term Investments	8.99M	12.34M	10.47M	9.25M	11.86M	119K	156K	134K	2K	2K
Other Non-Current Assets	29.57M	15.42M	13.4M	23.97M	73.63M	116.68M	122.6M	122.63M	146.25M	594.03M
Total Assets	1.05B▲ 0%	1.04B▼ 0.3%	1.04B▼ 0.1%	2.37B▲ 127.4%	2.41B▲ 1.9%	2.65B▲ 9.8%	2.9B▲ 9.5%	3.27B▲ 12.7%	3.69B▲ 12.9%	4.14B▲ 0%
Asset Turnover	1.20x	1.28x	1.33x	0.71x	0.82x	1.05x	1.06x	0.88x	0.79x	0.76x
Asset Growth %	0.51%	-0.29%	-0.1%	127.4%	1.85%	9.77%	9.49%	12.68%	12.89%	56.73%
Total Current Liabilities	255.75M	221.24M	206.28M	238.21M	318.27M	391.24M	378.8M	439.62M	398.4M	413.38M
Accounts Payable	121.92M	105.52M	93.58M	106.71M	171.1M	224.99M	210.11M	254.4M	218.02M	168.88M
Days Payables Outstanding	46.29	37.47	32.29	33.11	48.31	41.71	39.27	53.72	43.97	41.5
Short-Term Debt	37.79M	26.85M	25.93M	7.96M	7M	19.45M	14.69M	11.87M	9.93M	43.12M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	28.99M	17.98M	18.11M	33.22M	42.08M	52.82M	0	0	0	193.87M
Current Ratio	1.72x	2.07x	2.26x	2.80x	2.33x	2.23x	2.69x	2.96x	3.33x	3.33x
Quick Ratio	0.71x	0.88x	0.98x	1.61x	1.39x	0.97x	1.46x	1.90x	2.10x	2.10x
Cash Conversion Cycle	100.87	103.38	108.28	98.14	80.15	94.97	83.94	85.39	96.38	88.53
Total Non-Current Liabilities	448.32M	396.66M	335.24M	1.35B	1.03B	1.15B	1.53B	1.55B	1.66B	1.7B
Long-Term Debt	310.85M	270.9M	208.6M	1.09B	782.22M	908.71M	1.27B	1.26B	1.25B	1.28B
Capital Lease Obligations	58.71M	59.96M	61.55M	44.5M	32.96M	11.39M	32.27M	61.66M	131M	526.54M
Deferred Tax Liabilities	44.01M	32.3M	45.96M	175.62M	162.19M	168.44M	159.06M	156.71M	190.42M	800.91M
Other Non-Current Liabilities	34.76M	33.49M	19.12M	37.61M	54.77M	64.94M	66.74M	70.7M	83.17M	334.17M
Total Liabilities	704.08M	617.9M	541.52M	1.59B	1.35B	1.54B	1.91B	1.99B	2.05B	2.12B
Total Debt	428.8M	379.72M	319.21M	1.17B	850.5M	958.84M	1.34B	1.37B	1.45B	1.45B
Net Debt	422.35M	362.13M	310.31M	995.73M	655.49M	938.72M	1.12B	876.62M	981.8M	437.48M
Debt / Equity	1.25x	0.89x	0.64x	1.49x	0.80x	0.87x	1.35x	1.07x	0.88x	0.88x
Debt / EBITDA	2.88x	2.33x	1.59x	68.52x	1.74x	1.73x	1.55x	1.54x	1.72x	1.66x
Net Debt / EBITDA	2.84x	2.22x	1.54x	58.32x	1.34x	1.70x	1.30x	0.99x	1.17x	1.17x
Interest Coverage	4.37x	5.78x	6.95x	-1.15x	9.66x	12.28x	10.25x	8.24x	7.16x	7.75x
Total Equity	342.21M▲ 0%	425.34M▲ 24.3%	500.63M▲ 17.7%	784.58M▲ 56.7%	1.06B▲ 35.5%	1.11B▲ 3.9%	994.86M▼ 10.0%	1.28B▲ 28.7%	1.64B▲ 27.7%	2.03B▲ 0%
Equity Growth %	11.44%	24.29%	17.7%	56.72%	35.54%	3.91%	-9.97%	28.73%	27.73%	115.11%
Book Value per Share	6.15	7.55	8.69	12.29	14.86	15.16	11.94	16.21	20.92	25.90
Total Shareholders' Equity	327.3M	408.68M	486.65M	772.82M	1.05B	1.09B	977.37M	1.26B	1.62B	2.01B
Common Stock	12.39M	11.43M	11.44M	11.55M	11.58M	11.61M	164.87M	120.26M	104.35M	11.71M
Retained Earnings	-83.68M	-39.21M	17.58M	-267.62M	-75.2M	158.88M	626.22M	1.09B	1.49B	1.84B
Treasury Stock	-436.98M	-8.28M	-9.86M	-10.46M	-10.96M	-318.69M	-921M	-1.14B	-1.22B	-1.23B
Accumulated OCI	-24.82M	-21.25M	-25.87M	-35.33M	-24.22M	-24.39M	-27.58M	-29.83M	-37.18M	-30.2M
Minority Interest	14.91M	16.66M	13.99M	11.76M	13.73M	16.62M	17.49M	18.8M	17.7M	22.44M

WMS Cash Flow Statement

Advanced Drainage Systems, Inc. (WMS) cash flow — operating, investing & free cash flow history

Line item	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Cash from Operations	104.24M	137.12M	151.68M	306.19M	452.22M	274.89M	707.81M	717.93M	581.49M	581.49M
Operating CF Margin %	8.29%	10.31%	10.95%	18.29%	22.81%	9.93%	23.05%	24.98%	20.02%	-
Operating CF Growth %	-22.65%	31.54%	10.62%	101.87%	47.69%	-39.21%	157.49%	1.43%	-19%	265.78%
Net Income	35.91M	64.79M	81.47M	-191.8M	226.09M	275.03M	511.35M	513.29M	452.57M	470.72M
Depreciation & Amortization	72.36M	75M	71.9M	124.94M	145.59M	141.81M	145.15M	154.9M	183.28M	206.05M
Stock-Based Compensation	17.88M	18.84M	21.83M	279.15M	65.43M	107.99M	21.66M	31.99M	26.58M	30.64M
Deferred Taxes	-8.97M	-11.24M	12.81M	-2.92M	-13.48M	2.17M	-9.86M	-2.28M	-423K	24.12M
Other Non-Cash Items	-4.37M	12.09M	1.6M	42.91M	7.87M	-10.88M	6.13M	-6.13M	1.65M	-4.5M
Working Capital Changes	-8.56M	-22.38M	-37.93M	53.91M	20.71M	-241.24M	33.38M	26.16M	-82.17M	92.63M
Change in Receivables	15.05M	-4.33M	-17.95M	5.17M	-34.76M	-96.99M	37.49M	-14.59M	1.41M	18.54M
Change in Inventory	-27.92M	-4.84M	-2.03M	19.09M	-14.56M	-189.72M	30.22M	594K	-15.75M	47.05M
Change in Payables	6.85M	-14.86M	-16.94M	31.59M	71.24M	50.11M	-29.04M	40.43M	-63.86M	27.57M
Cash from Investing	-61.26M	-30.45M	-42.54M	-1.15B	-77.87M	-198.83M	-214.48M	-155.66M	-447.87M	-231.55M
Capital Expenditures	-51.3M	-41.71M	-43.41M	-67.68M	-78.76M	-149.08M	-166.91M	-183.81M	-212.94M	-243.27M
CapEx % of Revenue	4.08%	3.14%	3.14%	4.04%	3.97%	5.38%	5.43%	6.39%	7.33%	-
Acquisitions	-8.57M	0	0	-1.09B	0	-49.31M	-48.01M	0	-237.31M	-18.56M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-48.07M	11.26M	868K	6.53M	883K	-441K	446K	28.15M	2.39M	30.28M
Cash from Financing	-42.83M	-94.95M	-117.66M	1.01B	-354.58M	-251.07M	-296.28M	-284.34M	-157.73M	-74.43M
Debt Issued (Net)	-29.03M	-72.92M	-87.32M	836.73M	-328.49M	88.1M	358.48M	-26.88M	-37.38M	-19.69M
Equity Issued (Net)	0	-1000K	0	1000K	1000K	-1000K	-1000K	-1000K	-1000K	3.48M
Dividends Paid	-16.82M	-18.48M	-26.15M	-92.13M	-30.68M	-37.02M	-39.61M	-43.99M	-49.74M	-54.51M
Share Repurchases	0	-7.95M	0	0	0	-292M	-575.03M	-207.31M	-69.92M	0
Other Financing	-3.79M	4.39M	-4.18M	-26.68M	-2.96M	-10.15M	-40.12M	-6.16M	-684K	-6.33M
Net Change in Cash	-105K▲ 0%	11.14M▲ 10706.7%	-8.7M▼ 178.1%	165.34M▲ 2001.4%	20.78M▼ 87.4%	-174.88M▼ 941.8%	197M▲ 212.6%	278.72M▲ 41.5%	-26.58M▼ 109.5%	516.15M▲ 0%
Free Cash Flow	52.94M▲ 0%	95.41M▲ 80.2%	108.27M▲ 13.5%	238.51M▲ 120.3%	373.46M▲ 56.6%	125.81M▼ 66.3%	540.9M▲ 329.9%	534.12M▼ 1.3%	368.55M▼ 31.0%	577.09M▲ 0%
FCF Margin %	4.21%	7.17%	7.82%	14.25%	18.84%	4.54%	17.61%	18.58%	12.69%	19.3%
FCF Growth %	-41.09%	80.21%	13.47%	120.3%	56.58%	-66.31%	329.95%	-1.25%	-31%	67.71%
FCF per Share	0.95	1.69	1.88	3.74	5.22	1.73	6.49	6.76	4.71	4.71
FCF Conversion (FCF/Net Income)	3.16x	2.21x	1.95x	-1.59x	2.02x	1.01x	1.40x	1.41x	1.29x	1.23x
Interest Paid	0	0	0	0	37.61M	32.84M	60.46M	86.26M	89.48M	77.16M
Taxes Paid	0	0	0	0	97.64M	106.36M	166.96M	161.15M	142.15M	-55.77M

WMS Key Ratios

Advanced Drainage Systems, Inc. (WMS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	10.15%	16.16%	16.8%	-30.06%	24.27%	25.03%	48.3%	44.82%	30.87%	23.2%
Return on Invested Capital (ROIC)	7.69%	8.53%	12.14%	-5.52%	14.77%	16.42%	25.93%	25.69%	20.65%	20.65%
Gross Margin	23.53%	22.74%	23.61%	29.73%	34.8%	28.9%	36.42%	39.87%	37.68%	38.22%
Net Margin	2.62%	4.66%	5.62%	-11.54%	11.31%	9.8%	16.51%	17.74%	15.5%	15.75%
Debt / Equity	1.25x	0.89x	0.64x	1.49x	0.80x	0.87x	1.35x	1.07x	0.88x	0.88x
Interest Coverage	4.37x	5.78x	6.95x	-1.15x	9.66x	12.28x	10.25x	8.24x	7.16x	7.75x
FCF Conversion	3.16x	2.21x	1.95x	-1.59x	2.02x	1.01x	1.40x	1.41x	1.29x	1.23x
Revenue Growth	-2.5%	5.81%	4.09%	20.88%	18.46%	39.67%	10.9%	-6.4%	1.04%	1.6%

WMS SEC Filings & Documents

Advanced Drainage Systems, Inc. (WMS) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Feb 27, 2026·SEC

Material company update

Feb 12, 2026·SEC

Material company update

Feb 12, 2026·SEC

10-K Annual Reports

FY 2025

May 15, 2025·SEC

FY 2024

May 16, 2024·SEC

10-Q Quarterly Reports

FY 2026

Feb 5, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

WMS Frequently Asked Questions

Advanced Drainage Systems, Inc. (WMS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Advanced Drainage Systems, Inc. (WMS) reported $2.99B in revenue for fiscal year 2025. This represents a 195% increase from $1.01B in 2012.

Advanced Drainage Systems, Inc. (WMS) grew revenue by 1.0% over the past year. Growth has been modest.

Yes, Advanced Drainage Systems, Inc. (WMS) is profitable, generating $470.7M in net income for fiscal year 2025 (15.5% net margin).

Dividend & Returns

Yes, Advanced Drainage Systems, Inc. (WMS) pays a dividend with a yield of 0.43%. This makes it attractive for income-focused investors.

Advanced Drainage Systems, Inc. (WMS) has a return on equity (ROE) of 30.9%. This is excellent, indicating efficient use of shareholder capital.

Advanced Drainage Systems, Inc. (WMS) generated $577.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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