Advanced Drainage Systems, Inc. (WMS) Financial Statements
Industry: Plastics Foam Products
In fiscal 2026, Advanced Drainage Systems reported revenue of $3.05B, up 5.0% from $2.90B the year before. Net income was $426.5M (a 14.0% net margin), or $5.44 per diluted share. Gross margin was 38.3% and operating margin was 20.3%. Operating activities generated $819.1M of cash, leaving $569.3M of free cash flow. At fiscal year end, Advanced Drainage Systems held $4.51B in total assets against $2.55B in total liabilities, including $223.0M of cash and equivalents.
Open the full interactive Advanced Drainage Systems financials → Quarterly statements, key ratios, valuation history and price charts.
Advanced Drainage Systems Key Stats
| Share Price | $126.73 |
|---|---|
| Market Cap | $9.76B |
| P/E Ratio | 23.3 |
| Revenue YoY Growth | +5.0% |
| 52-Week Range | $125.33 – $174.69 |
| Shares Outstanding | 76.5 million (basic, 2027 Q1) |
Advanced Drainage Systems Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $1.98B | $2.77B | $3.07B | $2.87B | $2.90B | $3.05B |
| Gross Profit | $690.1M | $800.4M | $1.12B | $1.15B | $1.09B | $1.17B |
| Operating Income | $344.5M | $411.9M | $719.3M | $732.1M | $657.4M | $619.2M |
| Pre-Tax Income | $312.3M | $383.5M | $657.1M | $666.8M | $589.5M | $559.8M |
| Income Tax | $86.4M | $110.1M | $150.6M | $159.0M | $141.1M | $135.0M |
| Net Income | $224.2M | $271.3M | $507.1M | $509.9M | $450.2M | $426.5M |
| Diluted EPS | $2.59 | $3.15 | $6.08 | $6.45 | $5.76 | $5.44 |
Advanced Drainage Systems Quarterly Results
| 2026 Q2 | 2026 Q3 | 2026 Q4 | 2027 Q1 | |
|---|---|---|---|---|
| Revenue | $850.4M | $693.4M | $676.8M | $1.00B |
| Net Income | $156.0M | $93.6M | $32.9M | $168.5M |
| Diluted EPS | $1.99 | $1.19 | $0.42 | $2.19 |
Advanced Drainage Systems Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $195.0M | $20.1M | $217.1M | $490.2M | $463.3M | $223.0M |
| Current Assets | $743.0M | $871.9M | $1.02B | $1.30B | $1.32B | $1.23B |
| Total Assets | $2.41B | $2.65B | $2.90B | $3.27B | $3.69B | $4.51B |
| Current Liabilities | $318.3M | $391.2M | $378.8M | $439.6M | $398.4M | $509.5M |
| Total Long-Term Debt | $789.2M | $928.2M | $1.28B | $1.27B | $1.26B | $1.61B |
| Total Liabilities | $1.35B | $1.54B | $1.91B | $1.99B | $2.05B | $2.55B |
| Shareholders' Equity | $819.8M | $893.0M | $824.1M | $1.15B | $1.53B | $1.86B |
Advanced Drainage Systems Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $452.2M | $274.9M | $707.8M | $717.9M | $581.5M | $819.1M |
| Cash From Investing | -$77.9M | -$198.8M | -$214.5M | -$155.7M | -$447.9M | -$1.21B |
| Cash From Financing | -$354.6M | -$251.1M | -$296.3M | -$284.3M | -$157.7M | $156.3M |
| Free Cash Flow | $373.5M | $125.8M | $540.9M | $534.1M | $368.5M | $569.3M |
| Dividends Paid | $32.2M | — | — | — | — | — |
Figures from Advanced Drainage Systems' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Advanced Drainage Systems financials page for every line item.
Advanced Drainage Systems Company Profile
| Ticker | WMS |
|---|---|
| Exchange | NYSE |
| Industry | Plastics Foam Products |
| Headquarters | Hilliard, Ohio |
| Incorporated in | Delaware |
| Fiscal Year End | March 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001604028 |
Frequently Asked Questions
What was Advanced Drainage Systems' revenue in fiscal 2026?
Advanced Drainage Systems (WMS) reported revenue of $3.05B for fiscal 2026.
What is Advanced Drainage Systems' annual revenue history?
Advanced Drainage Systems' annual revenue by fiscal year: 2021: $1.98B; 2022: $2.77B; 2023: $3.07B; 2024: $2.87B; 2025: $2.90B; 2026: $3.05B.
What was Advanced Drainage Systems' net income in fiscal 2026?
Advanced Drainage Systems reported net income of $426.5M for fiscal 2026.
What was Advanced Drainage Systems' earnings per share (EPS) in fiscal 2026?
Advanced Drainage Systems' diluted EPS was $5.44 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Advanced Drainage Systems generate in fiscal 2026?
Advanced Drainage Systems generated $569.3M of free cash flow in fiscal 2026.
What was Advanced Drainage Systems' revenue last quarter?
In its most recent reported quarter (2027 Q1), Advanced Drainage Systems reported revenue of $1.00B.
How much debt does Advanced Drainage Systems have?
Advanced Drainage Systems reported $1.61B of long-term debt, including the current portion, at the end of fiscal 2026.
How many shares of Advanced Drainage Systems are outstanding?
Advanced Drainage Systems reported a weighted average of 76.5 million basic shares outstanding in 2027 Q1.
What is Advanced Drainage Systems' market cap?
Based on its latest closing price, Advanced Drainage Systems (WMS) has a market capitalization of about $9.76B.
When does Advanced Drainage Systems' fiscal year end?
Advanced Drainage Systems' fiscal year end, as registered with the SEC, is March 31.
Where is Advanced Drainage Systems headquartered?
Advanced Drainage Systems lists its business address in Hilliard, Ohio in its SEC filings.