Advanced Drainage Systems, Inc. (WMS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Sales/Revenue | 676.76M | 693.35M | 850.38M | 829.88M | 615.76M | 690.54M | 782.61M | 815.34M | 653.84M | 662.37M | 780.22M | 778.05M | 617.56M | 655.17M | 884.21M | 914.19M | 678.19M | 715.36M | 706.47M | 669.3M |
| Revenue Growth % | 9.91% | 0.41% | 8.66% | 1.78% | -5.82% | 4.25% | 0.31% | 4.79% | 5.87% | 1.1% | -11.76% | -14.89% | -8.94% | -8.41% | 25.16% | 36.59% | 52.81% | 47.15% | 29.82% | 31.59% |
| Cost of Goods Sold | 457.77M | 447.7M | 510.25M | 499.44M | 389.51M | 448.94M | 488.67M | 482.88M | 401.88M | 402.52M | 477.54M | 446.59M | 395.14M | 431.25M | 564.25M | 562.08M | 468.78M | 506.38M | 506.41M | 468.18M |
| COGS % of Revenue | 67.64% | 64.57% | 60% | 60.18% | 63.26% | 65.01% | 62.44% | 59.22% | 61.46% | 60.77% | 61.21% | 57.4% | 63.98% | 65.82% | 63.81% | 61.48% | 69.12% | 70.79% | 71.68% | 69.95% |
| Gross Profit | 218.99M | 245.65M | 340.13M | 330.44M | 226.25M | 241.59M | 293.94M | 332.45M | 251.96M | 259.85M | 302.68M | 331.46M | 222.42M | 223.92M | 319.96M | 352.11M | 209.41M | 208.98M | 200.06M | 201.12M |
| Gross Margin % | 32.36% | 35.43% | 40% | 39.82% | 36.74% | 34.99% | 37.56% | 40.78% | 38.54% | 39.23% | 38.79% | 42.6% | 36.02% | 34.18% | 36.19% | 38.52% | 30.88% | 29.21% | 28.32% | 30.05% |
| Gross Profit Growth % | -3.21% | 1.68% | 15.71% | -0.61% | -10.2% | -7.03% | -2.89% | 0.3% | 13.28% | 16.05% | -5.4% | -5.86% | 6.21% | 7.15% | 59.94% | 75.07% | 64.61% | 24.02% | -2.82% | 6.69% |
| Operating Expenses | 89.82M | 108.74M | 116.84M | 124.69M | 109.27M | 114.73M | 106.56M | 106.24M | 116.59M | 106.58M | 104.64M | 86.01M | 96.79M | 99.43M | 102.38M | 100.5M | 128.63M | 98.66M | 88.5M | 91.86M |
| OpEx % of Revenue | 13.27% | 15.68% | 13.74% | 15.03% | 17.75% | 16.61% | 13.62% | 13.03% | 17.83% | 16.09% | 13.41% | 11.05% | 15.67% | 15.18% | 11.58% | 10.99% | 18.97% | 13.79% | 12.53% | 13.72% |
| Selling, General & Admin | 89.82M | 227.97M | 0 | 103.96M | 92.53M | 100.78M | 94.13M | 94.05M | 101.19M | 91.29M | 91.72M | 86.51M | 76.91M | 0 | 0 | 0 | 77.01M | 0 | 0 | 0 |
| SG&A % of Revenue | 13.27% | 32.88% | - | 12.53% | 15.03% | 14.59% | 12.03% | 11.54% | 15.48% | 13.78% | 11.76% | 11.12% | 12.45% | - | - | - | 11.36% | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -502K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 129.16M | 136.91M | 223.29M | 205.75M | 116.98M | 126.86M | 187.38M | 226.22M | 135.38M | 153.27M | 198.04M | 245.45M | 125.63M | 124.49M | 217.59M | 251.61M | 80.78M | 110.31M | 111.56M | 109.27M |
| Operating Margin % | 19.09% | 19.75% | 26.26% | 24.79% | 19% | 18.37% | 23.94% | 27.74% | 20.7% | 23.14% | 25.38% | 31.55% | 20.34% | 19% | 24.61% | 27.52% | 11.91% | 15.42% | 15.79% | 16.33% |
| Operating Income Growth % | 10.41% | 7.92% | 19.17% | -9.05% | -13.59% | -17.23% | -5.38% | -7.84% | 7.76% | 23.12% | -8.98% | -2.45% | 55.53% | 12.85% | 95.04% | 130.27% | 145.6% | 32.97% | -8.24% | 2.02% |
| EBITDA | 188.98M | 188.43M | 276.22M | 255.97M | 148.36M | 174.63M | 232.18M | 267.31M | 161.79M | 191.32M | 234.76M | 282.69M | 147.04M | 160.33M | 253.51M | 287.19M | 102.48M | 145.15M | 145.75M | 143.92M |
| EBITDA Margin % | 27.92% | 27.18% | 32.48% | 30.84% | 24.09% | 25.29% | 29.67% | 32.79% | 24.74% | 28.88% | 30.09% | 36.33% | 23.81% | 24.47% | 28.67% | 31.41% | 15.11% | 20.29% | 20.63% | 21.5% |
| EBITDA Growth % | 27.38% | 7.9% | 18.97% | -4.24% | -8.3% | -8.72% | -1.1% | -5.44% | 10.03% | 19.33% | -7.4% | -1.56% | 43.49% | 10.46% | 73.93% | 99.54% | 44.02% | 22.26% | -7.37% | 0.73% |
| D&A (Non-Cash Add-back) | 59.82M | 51.52M | 52.93M | 50.23M | 31.38M | 47.77M | 44.81M | 41.1M | 26.41M | 38.05M | 36.72M | 37.24M | 21.41M | 35.85M | 35.92M | 35.58M | 21.7M | 34.84M | 34.19M | 34.66M |
| EBIT | 129.16M | 145.32M | 232.01M | 212.45M | 119.29M | 131.66M | 194.33M | 233.33M | 137.68M | 158.04M | 205.54M | 249M | 131.68M | 124.14M | 217.48M | 251.91M | 114.66M | 113.78M | 110.66M | 109.25M |
| Net Interest Income | -25.14M | -22.58M | -15.1M | -16.32M | -18.11M | -18.3M | -16.2M | -15.71M | -831K | -17.56M | -14.44M | -18.16M | -20.85M | -20M | -18.26M | -11.07M | -8.45M | -8.76M | -8.44M | -7.91M |
| Interest Income | 0 | 0 | 8.01M | 6.71M | 4.62M | 4.79M | 6.96M | 7.12M | 22.05M | 4.77M | 7.51M | 3.55M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 25.14M | 22.58M | 23.12M | 23.03M | 22.73M | 23.09M | 23.16M | 22.82M | 22.88M | 22.33M | 21.94M | 21.71M | 20.85M | 20M | 18.26M | 11.07M | 8.45M | 8.76M | 8.44M | 7.91M |
| Other Income/Expense | -88.57M | -12.32M | -14.4M | -14.98M | -17.03M | -17.48M | -15.28M | -14.01M | -13.56M | -16.25M | -13.53M | -16.49M | -17.37M | -15.24M | -16.7M | -8.06M | -5.64M | -7.06M | -8.43M | -5.69M |
| Pretax Income | 40.59M | 124.59M | 208.9M | 190.76M | 99.95M | 109.38M | 172.09M | 212.21M | 121.81M | 137.01M | 184.5M | 228.96M | 108.26M | 109.25M | 200.88M | 243.55M | 75.14M | 103.25M | 103.13M | 103.58M |
| Pretax Margin % | 6% | 17.97% | 24.57% | 22.99% | 16.23% | 15.84% | 21.99% | 26.03% | 18.63% | 20.69% | 23.65% | 29.43% | 17.53% | 16.68% | 22.72% | 26.64% | 11.08% | 14.43% | 14.6% | 15.48% |
| Income Tax | 5.36M | 30.56M | 52.4M | 46.67M | 23.17M | 27.09M | 40.92M | 49.89M | 26.33M | 30.13M | 47.48M | 55.06M | 21.95M | 26.07M | 47.51M | 55.06M | 28.01M | 28.79M | 26.82M | 26.45M |
| Effective Tax Rate % | 13.2% | 24.53% | 25.08% | 24.47% | 23.18% | 24.77% | 23.78% | 23.51% | 21.62% | 21.99% | 25.73% | 24.05% | 20.27% | 23.86% | 23.65% | 22.61% | 37.28% | 27.88% | 26% | 25.54% |
| Net Income | 32.9M | 93.63M | 156.02M | 143.92M | 77.16M | 81.23M | 130.38M | 161.4M | 94.82M | 105.64M | 135.8M | 173.65M | 85.89M | 82.04M | 152.01M | 187.15M | 46.31M | 73.68M | 75.36M | 75.99M |
| Net Margin % | 4.86% | 13.5% | 18.35% | 17.34% | 12.53% | 11.76% | 16.66% | 19.8% | 14.5% | 15.95% | 17.41% | 22.32% | 13.91% | 12.52% | 17.19% | 20.47% | 6.83% | 10.3% | 10.67% | 11.35% |
| Net Income Growth % | -57.36% | 15.26% | 19.66% | -10.83% | -18.63% | -23.11% | -3.99% | -7.05% | 10.4% | 28.77% | -10.66% | -7.21% | 85.49% | 11.35% | 101.71% | 146.29% | 134.42% | 37.01% | -6.08% | 7.83% |
| Net Income (Continuing) | 35.23M | 94.04M | 156.5M | 144.09M | 76.79M | 82.29M | 131.17M | 162.32M | 95.48M | 106.88M | 137.03M | 173.91M | 86.31M | 83.18M | 153.38M | 188.48M | 47.13M | 74.46M | 76.31M | 77.12M |
| Discontinued Operations | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 23.58M | 22.44M | 20.21M | 19.2M | 17.7M | 18.1M | 17.58M | 17.93M | 18.8M | 21.62M | 19.42M | 18.8M | 17.49M | 17.61M | 17.33M | 17.96M | 16.62M | 15.37M | 14.78M | 14.53M |
| EPS (Diluted) | 0.42 | 1.19 | 1.99 | 1.84 | 0.99 | 1.04 | 1.67 | 2.06 | 1.21 | 1.34 | 1.71 | 2.18 | 1.06 | 0.99 | 1.80 | 2.22 | 0.63 | 0.86 | 0.88 | 0.87 |
| EPS Growth % | -57.58% | 14.42% | 19.16% | -10.68% | -18.18% | -22.39% | -2.34% | -5.5% | 14.15% | 35.35% | -5% | -1.8% | 68.25% | 15.12% | 104.55% | 155.17% | 173.91% | 38.71% | -22.12% | -13% |
| EPS (Basic) | 0.42 | 1.20 | 2.01 | 1.85 | 0.99 | 1.05 | 1.68 | 2.08 | 1.22 | 1.36 | 1.73 | 2.20 | 1.07 | 1.00 | 1.82 | 2.25 | 0.64 | 0.88 | 0.90 | 0.89 |
| Diluted Shares Outstanding | 78.48M | 78.34M | 78.31M | 78.11M | 78.19M | 78.11M | 78.11M | 78.28M | 78.49M | 78.59M | 79.31M | 79.63M | 81.38M | 82.99M | 84.5M | 84.39M | 73.41M | 72.79M | 71.92M | 73.12M |
| Basic Shares Outstanding | 77.82M | 77.74M | 77.75M | 77.54M | 77.55M | 77.54M | 77.54M | 77.54M | 77.64M | 77.86M | 78.61M | 78.91M | 80.55M | 82.07M | 83.47M | 83.14M | 71.84M | 71.27M | 70.46M | 71.53M |
| Dividend Payout Ratio | 42.63% | 14.97% | 9.04% | 9.71% | 16.09% | 15.27% | 9.58% | 7.7% | 11.48% | 10.31% | 8.2% | 6.38% | 11.06% | 11.88% | 6.71% | 5.43% | 23.04% | 12.31% | 12.35% | 12.44% |