$130.71
-3.0%Advanced 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.
Strong gross margins indicate healthy pricing and efficient production or service delivery.
Healthy operating margins demonstrate effective cost control and strong business fundamentals.
Strong net margins indicate efficient operations and favorable tax/interest management.
Moderate tax rate typical for most corporations. Represents standard tax burden on profits.
Room for improvement: Moderate profitability with opportunities to enhance margins through better cost management or pricing strategy.
WMS โข NYSE
| Advanced Drainage Systems, Inc. Income Statement | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||
3.2B | 2.9B | 2.9B | 3.1B | 2.8B | 2B | 1.7B | 1.4B | 1.3B | 1.3B | 1.3B | 1.2B | 1.1B | 1B | 1B | 863.1M | |
GROSS PROFIT | ||||||||||||||||
(1.9B) | (1.8B) | (1.7B) | (2B) | (2B) | (1.3B) | (1.2B) | (1.1B) | (1B) | (961.5M) | (1B) | (935.5M) | (856.1M) | (829.1M) | (818.4M) | (699.5M) | |
1.3B | 1.1B | 1.1B | 1.1B | 800.4M | 690.1M | 497.5M | 327M | 302.5M | 295.8M | 280.7M | 242.3M | 212.9M | 188M | 195.4M | 163.7M | |
OPERATING INCOME | ||||||||||||||||
(592M) | (436.8M) | (413.8M) | (399.1M) | (388.5M) | (345.6M) | (592.9M) | (193.9M) | (199.2M) | (211M) | (197.8M) | (167.2M) | (164.9M) | (131.4M) | (144.9M) | (124.1M) | |
(592M) | (380.4M) | (370.7M) | (339.5M) | (321.1M) | (267.6M) | (271.1M) | (186M) | (191.2M) | (202.4M) | (188.6M) | (157M) | (153.5M) | (121.4M) | (133.6M) | (124.1M) | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (2.7M) | (2.2M) | (3.4M) | (3.9M) | (3.6M) | (3.3M) | (3.5M) | (0.0) | (0.0) | |
698.6M | 657.4M | 732.1M | 719.3M | 411.9M | 344.5M | -95.3M | 129.4M | 88.3M | 76.3M | 82.1M | 75.9M | 53.3M | 57.5M | 95.1M | 39.6M | |
PRE-TAX INCOME | ||||||||||||||||
(93.8M) | (91.8M) | (88.9M) | (70.2M) | (33.6M) | (35.7M) | (82.7M) | (18.6M) | (15.3M) | (17.5M) | (18.5M) | (19.4M) | (18.8M) | (18.5M) | (21.8M) | (27.1M) | |
0.0 | -68.3M | -66.8M | -60.4M | -33.5M | -35.4M | -82.7M | -18.6M | -15.3M | -17.5M | -18.5M | -19.4M | -18.8M | -18.5M | -21.8M | -27.1M | |
(0.0) | (56.4M) | (43.1M) | (59.6M) | (67.4M) | (78M) | (321.8M) | (7.9M) | (8.1M) | (8.5M) | (9.2M) | -12.8M | -133K | -103K | -2.4M | (0.0) | |
-60.8M | -63.8M | -59.8M | -57.4M | -26.8M | -32.3M | -82.4M | -17.8M | -11.3M | -11.5M | -22.8M | -14.1M | -20.8M | -9.8M | 18.3M | -26.9M | |
637.8M | 593.6M | 672.3M | 661.9M | 385.1M | 312.3M | -177.7M | 111.6M | 76.9M | 64.8M | 46.5M | 46.5M | 37M | 38.8M | 70.8M | 12.7M | |
NET INCOME | ||||||||||||||||
(154.6M) | (141.1M) | (159M) | (150.6M) | (110.1M) | (86.4M) | (14.1M) | (30M) | (11.4M) | (24.6M) | (19.1M) | (16.3M) | (22.6M) | (15.9M) | (27.1M) | (4.1M) | |
489.2M | 450.2M | 509.9M | 507.1M | 271.3M | 224.2M | -193.2M | 77.8M | 62M | 33M | 20.6M | 26.3M | 11.1M | 20.7M | 43.3M | 2.4M |
WMS - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
DEF 14A DEF 14A 2026 N/A | June 03, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 21, 2026 | May 21, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 21, 2026 | May 21, 2026 | 2026 | |
10-K 10-K 2026 FY FY | May 21, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 27, 2026 | February 27, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 12, 2026 | February 12, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 12, 2026 | February 12, 2026 | 2026 | |
10-Q 10-Q 2025 Q4 Q4 | February 05, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 05, 2026 | February 05, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 02, 2026 | February 02, 2026 | 2026 |
Continue your WMS research with focused valuation guides.
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.