What is ADVANCED DRAINAGE SYSTEMS, INC.'s earnings per share (EPS)?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) reported diluted earnings per share of $5.44 for fiscal year 2026. This represents a -5.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) Financials

WMS

Trailing 12 months to June 30, 2026

Revenue $3.2B +10.4% YoY

Net Income $453.6M +4.2% YoY

EPS (Diluted) $5.79 +4.5% YoY

Free Cash Flow $550.2M +18.3% YoY

Market Cap $9.6B as of Oct 13, 2026

Price / Sales 3.0x on $3.2B revenue, trailing 12 months to June 30, 2026

Price / Earnings 21.1x on $453.6M net income, trailing 12 months to June 30, 2026

Price / Book 5.3x on $1.8B equity, Q1 FY2027

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2027, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE March

Newest figures come from the 10-Q for Q1 FY2027, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WMS SEC filings page.

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) reported $3.2B in revenue over the twelve months to Jun 30, 2026, up 10.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI WMS FY2026 2026-10-04

The business converts earnings into cash, but FY2026 expansion brought heavier investment, higher debt, and weaker operating margins.

FY2026 net income fell to $429M while operating cash flow rose to $819M, showing that cash conversion improved even as accounting profitability weakened. Free cash flow recovered to $569M despite capital expenditures of $250M, indicating that the cash improvement was not simply the result of reducing reinvestment.

Revenue reached $3.1B in FY2026, but operating margin narrowed from 22.6% to 20.3% as gross margin only partly recovered. Growth therefore did not flow through to operating profit, suggesting higher operating costs or a less favorable cost structure absorbed part of the sales increase.

Total assets rose to $4.5B, with goodwill increasing to $1.0B and long-term debt reaching $1.6B. Meanwhile, the current ratio declined from 3.3x to 2.4x, so the balance sheet remains more asset-heavy and debt-funded even though equity also increased.

Financial Health Signals

Financial Health Score 66/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of ADVANCED DRAINAGE SYSTEMS, INC.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

ADVANCED DRAINAGE SYSTEMS, INC. has an operating margin of 20.3%, meaning the company retains $20 of operating profit per $100 of revenue. This strong profitability earns a score of 87/100, reflecting efficient cost management and pricing power. This is down from 22.6% the prior year.

Growth

ADVANCED DRAINAGE SYSTEMS, INC.'s revenue grew 5.0% year-over-year to $3.1B, a solid pace of expansion. This earns a growth score of 41/100.

Leverage

ADVANCED DRAINAGE SYSTEMS, INC. has a moderate D/E ratio of 0.86. This balance of debt and equity financing earns a leverage score of 35/100.

Liquidity

With a current ratio of 2.42, ADVANCED DRAINAGE SYSTEMS, INC. holds $2.42 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 69/100.

Cash Flow

ADVANCED DRAINAGE SYSTEMS, INC. converts 18.7% of revenue into free cash flow ($569.3M). This strong cash generation earns a score of 81/100.

Returns

ADVANCED DRAINAGE SYSTEMS, INC. earns a strong 23.1% return on equity (ROE), meaning it generates $23 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 85/100. This is down from 29.7% the prior year.

Altman Z-Score Safe

4.15

ADVANCED DRAINAGE SYSTEMS, INC. scores 4.15, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($9.6B) relative to total liabilities ($2.5B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

5/9

ADVANCED DRAINAGE SYSTEMS, INC. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.91x

For every $1 of reported earnings, ADVANCED DRAINAGE SYSTEMS, INC. generates $1.91 in operating cash flow ($819.1M OCF vs $429.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

6.60x

ADVANCED DRAINAGE SYSTEMS, INC. earns $6.60 in operating income for every $1 of interest expense ($619.2M vs $93.9M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.0B

YoY+20.6%

QoQ+47.9%

5Y CAGR+8.4%

10Y CAGR+10.8%

ADVANCED DRAINAGE SYSTEMS, INC. generated $1.0B in revenue in Q1 2027. This represents an increase of 20.6% from the same quarter a year earlier. Against the prior quarter it is up 47.9%.

EBITDA

$316.7M

YoY+23.7%

QoQ+179.9%

5Y CAGR+20.1%

ADVANCED DRAINAGE SYSTEMS, INC.'s EBITDA was $316.7M in Q1 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 23.7% from the same quarter a year earlier. Against the prior quarter it is up 179.9%.

Net Income

$168.5M

YoY+17.1%

QoQ+375.6%

5Y CAGR+17.3%

10Y CAGR+24.9%

ADVANCED DRAINAGE SYSTEMS, INC. reported $168.5M in net income in Q1 2027. This represents an increase of 17.1% from the same quarter a year earlier. Against the prior quarter it is up 375.6%.

EPS (Diluted)

$2.19

YoY+19.0%

QoQ+421.4%

5Y CAGR+20.3%

10Y CAGR+22.4%

ADVANCED DRAINAGE SYSTEMS, INC. earned $2.19 per diluted share (EPS) in Q1 2027. This represents an increase of 19.0% from the same quarter a year earlier. Against the prior quarter it is up 421.4%.

Cash & Balance Sheet

Free Cash Flow

$203.2M

YoY-8.6%

QoQ+1650.5%

5Y CAGR+20.9%

ADVANCED DRAINAGE SYSTEMS, INC. generated $203.2M in free cash flow in Q1 2027, representing cash available after capex. This represents a decrease of 8.6% from the same quarter a year earlier. Against the prior quarter it is up 1650.5%.

Cash & Debt

$162.3M

YoY-74.6%

QoQ-27.2%

5Y CAGR+2.6%

10Y CAGR+33.3%

ADVANCED DRAINAGE SYSTEMS, INC. held $162.3M in cash against $1.6B in long-term debt as of Q1 2027.

Dividends Per Share

$0.20

YoY+11.1%

QoQ+11.1%

5Y CAGR+12.7%

10Y CAGR+12.8%

ADVANCED DRAINAGE SYSTEMS, INC. paid $0.20 per share in dividends in Q1 2027. This represents an increase of 11.1% from the same quarter a year earlier. Against the prior quarter it is up 11.1%.

Shares Outstanding

75M

YoY-3.0%

QoQ-1.6%

5Y CAGR+1.3%

10Y CAGR+3.2%

ADVANCED DRAINAGE SYSTEMS, INC. had 75M shares outstanding in Q1 2027. This represents a decrease of 3.0% from the same quarter a year earlier. Against the prior quarter it is down 1.6%.

Margins & Returns

Gross Margin

40.8%

YoY+0.9pp

QoQ+5.6pp

5Y change+10.7pp

10Y change+13.7pp

ADVANCED DRAINAGE SYSTEMS, INC.'s gross margin was 40.8% in Q1 2027, indicating the percentage of revenue retained after direct costs. This is up 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.6 percentage points.

Operating Margin

25.4%

YoY+0.6pp

QoQ+17.6pp

5Y change+9.1pp

ADVANCED DRAINAGE SYSTEMS, INC.'s operating margin was 25.4% in Q1 2027, reflecting core business profitability. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 17.6 percentage points.

Net Margin

16.8%

YoY-0.5pp

QoQ+11.6pp

5Y change+5.5pp

10Y change+11.7pp

ADVANCED DRAINAGE SYSTEMS, INC.'s net profit margin was 16.8% in Q1 2027, showing the share of revenue converted to profit. This is down 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.6 percentage points.

Return on Equity

9.4%

YoY+0.8pp

QoQ+7.5pp

5Y change-0.2pp

10Y change+0.7pp

ADVANCED DRAINAGE SYSTEMS, INC.'s ROE was 9.4% in Q1 2027, measuring profit generated per dollar of shareholder equity. This is up 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.5 percentage points.

Capital Allocation

Share Buybacks

$233.2M

QoQ+153.6%

5Y CAGR+18.0%

ADVANCED DRAINAGE SYSTEMS, INC. spent $233.2M on share buybacks in Q1 2027, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is up 153.6%.

Capital Expenditures

$57.2M

YoY+8.7%

QoQ+7.8%

5Y CAGR+17.5%

10Y CAGR+16.3%

ADVANCED DRAINAGE SYSTEMS, INC. invested $57.2M in capex in Q1 2027, funding long-term assets and infrastructure. This represents an increase of 8.7% from the same quarter a year earlier. Against the prior quarter it is up 7.8%.

R&D Spending

Not reported for Q1 2027.

WMS Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WMS quarterly income statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Revenue	$3.2B	$3.1B+5.0%	$2.9B+1.0%	$2.9B-6.4%	$3.1B+10.9%	$2.8B+39.7%	$2.0B+18.5%	$1.7B+20.9%	$1.4B+4.1%	$1.3B+5.8%	$1.3B-2.6%	$1.3B+9.4%	$1.2B+10.5%	$1.1B+5.0%	$1.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.1B+2.9%	$1.0B+6.9%	$961.5M-4.4%	$1.0B+3.1%	$975.0M+11.4%	$875.2M+5.6%	$829.1M
Gross Profit	$1.2B	$1.2B+6.7%	$1.1B-4.5%	$1.1B+2.5%	$1.1B+39.7%	$800.4M+16.0%	$690.1M+118.0%	$316.5M-3.2%	$327.0M+8.1%	$302.5M+2.3%	$295.8M+3.7%	$285.4M+39.1%	$205.1M+6.5%	$192.5M+2.4%	$188.0M
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	$267.6M-1.4%	$271.3M+45.9%	$186.0M+89.1%	$98.4M-11.3%	$111.0M+19.9%	$92.5M+21.9%	$75.9M+20.6%	$62.9M+26.8%	$49.6M
Operating Income	$668.0M	$619.2M-5.8%	$657.4M-10.2%	$732.1M+1.8%	$719.3M+74.6%	$411.9M+19.6%	$344.5M+461.3%	-$95.3M-173.7%	$129.4M+46.6%	$88.3M+15.6%	$76.3M-19.1%	$94.3M+144.0%	$38.7M-20.0%	$48.3M-15.9%	$57.5M
EBITDA	N/A	$835.5M-0.6%	$840.7M-5.2%	$887.0M+2.6%	$864.5M+56.1%	$553.7M+34.7%	$410.9M+1340.6%	-$33.1M-117.6%	$188.6M+25.4%	$150.4M+1.1%	$148.7M-10.1%	$165.3M+58.8%	$104.1M-7.0%	$112.0M-7.1%	$120.6M
Interest Expense	$97.9M	$93.9M+2.3%	$91.8M+3.3%	$88.9M+26.6%	$70.2M+109.2%	$33.5M-5.9%	$35.7M-56.9%	$82.7M+344.3%	$18.6M+22.0%	$15.3M-12.6%	$17.5M-5.4%	$18.5M-4.7%	$19.4M+3.0%	$18.8M+1.5%	$18.5M
Income Tax	$142.0M	$135.0M-4.3%	$141.1M-11.3%	$159.0M+5.6%	$150.6M+36.8%	$110.1M+27.4%	$86.4M+513.0%	$14.1M-53.1%	$30.0M+163.3%	$11.4M-53.6%	$24.6M+4.8%	$23.5M+273.9%	$6.3M-68.0%	$19.6M+23.2%	$15.9M
Net Income	$453.6M	$429.0M-5.3%	$453.0M-11.7%	$513.0M+0.4%	$511.0M+85.8%	$275.0M+22.6%	$224.2M+216.1%	-$193.2M-348.4%	$77.8M+25.4%	$62.0M0.0%	$62.0M+147.5%	$25.1M+420.1%	-$7.8M-278.7%	$4.4M-78.8%	$20.7M
EPS (Basic)	N/A	$5.48-5.7%	$5.81-10.9%	$6.52+5.8%	$6.16+91.3%	$3.22+22.0%	$2.64+182.2%	-$3.21-361.0%	$1.23+23.0%	$1.000.0%	$1.00+150.0%	$0.40+205.3%	-$0.38-81.0%	-$0.21-175.0%	$0.28
EPS (Diluted)	$5.79	$5.44-5.6%	$5.76-10.7%	$6.45+6.1%	$6.08+93.0%	$3.15+21.6%	$2.59+180.7%	-$3.21-363.1%	$1.22+23.2%	$0.990.0%	$0.99+153.8%	$0.39	-$0.38	-$0.21-177.8%	$0.27
Diluted Shares (Avg)	N/A	78M+0.2%	78M-1.0%	79M-5.2%	83M+14.3%	73M+1.9%	72M+12.1%	64M+10.8%	58M+2.3%	56M0.0%	56M+2.1%	55M	51M	47M+0.1%	47M

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Revenue	$1.0B+20.6%	$676.8M+9.9%	$693.4M+0.4%	$850.4M+8.7%	$829.9M+1.8%	$615.8M-5.8%	$690.5M+4.3%	$782.6M+0.3%
Gross Profit	$408.0M+23.5%	$237.7M+5.0%	$259.2M+7.3%	$340.1M+15.7%	$330.4M-0.6%	$226.3M-10.2%	$241.6M-7.0%	$293.9M-2.9%
Operating Income	$254.5M+23.7%	$53.3M-54.4%	$136.8M+7.9%	$223.3M+19.2%	$205.7M-9.0%	$117.0M-13.6%	$126.9M-17.2%	$187.4M-5.4%
EBITDA	$316.7M+23.7%	$113.2M-32.1%	$188.3M+7.9%	$278.0M+19.7%	$256.0M-4.2%	$166.6M-6.5%	$174.6M-8.7%	$232.2M-1.1%
Interest Expense	$27.0M+17.4%	$25.1M+10.6%	$22.6M-2.2%	$23.1M-0.2%	$23.0M+0.9%	$22.7M-0.7%	$23.1M+3.4%	$23.2M+5.5%
Income Tax	$53.7M+15.0%	$5.4M-76.9%	$30.6M+12.8%	$52.4M+28.1%	$46.7M-6.4%	$23.2M-12.0%	$27.1M-10.1%	$40.9M-13.8%
Net Income	$168.5M+17.1%	$35.4M-55.7%	$93.6M+15.3%	$156.0M+19.7%	$143.9M-10.8%	$80.0M-18.3%	$81.2M-23.1%	$130.4M-4.0%
EPS (Basic)	$2.20+18.9%	$0.42-58.0%	$1.20+14.3%	$2.01+19.6%	$1.85-11.1%	$1.00-18.7%	$1.05-22.8%	$1.68-2.9%
EPS (Diluted)	$2.19+19.0%	$0.42-57.6%	$1.19+14.4%	$1.99+19.2%	$1.84-10.7%	$0.99-18.2%	$1.04-22.4%	$1.67-2.3%
Diluted Shares (Avg)	77M-1.4%	N/A	78M+0.4%	78M+0.3%	78M-0.2%	N/A	78M-0.6%	78M-1.5%

Not reported in any period shown, so not listed: Cost of Revenue, R&D Expenses, SG&A Expenses.

WMS Balance Sheet

WMS quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Total Assets	$4.5B+22.1%	$3.7B+12.9%	$3.3B+12.7%	$2.9B+9.5%	$2.6B+9.8%	$2.4B+1.9%	$2.4B+127.4%	$1.0B-0.1%	$1.0B-0.3%	$1.0B+0.9%	$1.0B-0.1%	$1.0B+5.6%	$983.1M+3.4%	$950.8M
Current Assets	$1.2B-7.1%	$1.3B+1.9%	$1.3B+27.8%	$1.0B+16.7%	$871.9M+17.4%	$743.0M+11.5%	$666.2M+42.8%	$466.5M+1.8%	$458.5M+4.1%	$440.6M+0.2%	$439.6M-1.1%	$444.4M+4.2%	$426.6M	N/A
Cash & Equivalents	$223.0M-51.9%	$463.3M-5.5%	$490.2M+125.7%	$217.1M+978.9%	$20.1M-89.7%	$195.0M+11.9%	$174.2M+1859.7%	$8.9M-49.4%	$17.6M+172.7%	$6.5M-1.6%	$6.6M+80.9%	$3.6M-7.8%	$3.9M+188.8%	$1.4M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$543.4M+11.3%	$488.3M+5.2%	$464.2M0.0%	$464.0M-6.1%	$494.3M+64.2%	$301.0M+6.6%	$282.4M+6.8%	$264.5M+0.3%	$263.8M+2.1%	$258.4M+12.1%	$230.5M-11.5%	$260.6M+0.3%	$259.9M	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$1.0B+44.8%	$720.2M+16.7%	$617.2M-0.5%	$620.2M+1.6%	$610.3M+1.9%	$599.1M+0.2%	$597.8M+482.5%	$102.6M-0.4%	$103.0M+2.4%	$100.6M-0.3%	$100.9M+2.2%	$98.7M+12.1%	$88.0M0.0%	$88.0M
Total Liabilities	$2.5B+24.1%	$2.1B+3.3%	$2.0B+4.3%	$1.9B+23.4%	$1.5B+14.4%	$1.4B-14.8%	$1.6B+192.7%	$541.5M-11.1%	$609.4M-12.4%	$695.9M-3.8%	$723.1M-4.0%	$753.0M-46.8%	$1.4B+13.3%	$1.3B
Current Liabilities	$509.5M+27.9%	$398.4M-9.4%	$439.6M+16.1%	$378.8M-3.2%	$391.2M+22.9%	$318.3M+33.6%	$238.2M+15.5%	$206.3M-6.8%	$221.2M-13.5%	$255.8M+1.4%	$252.2M+17.0%	$215.5M+16.1%	$185.6M	N/A
Non-Current Liabilities	$2.0B+23.2%	$1.7B+6.9%	$1.5B+1.4%	$1.5B+32.4%	$1.2B+11.8%	$1.0B-23.4%	$1.3B+301.8%	$335.2M-13.6%	$388.2M-11.8%	$440.1M-6.5%	$470.9M-12.4%	$537.5M-56.3%	$1.2B	N/A
Long-Term Debt	$1.6B+28.3%	$1.3B-0.6%	$1.3B-0.8%	$1.3B+39.7%	$908.7M+16.2%	$782.2M-28.2%	$1.1B+422.2%	$208.6M-23.0%	$270.9M-12.9%	$310.8M-0.4%	$312.2M-20.0%	$390.3M-11.9%	$442.9M	N/A
Total Equity	$1.9B+21.8%	$1.5B+32.3%	$1.2B+39.9%	$824.1M-7.7%	$893.0M+8.9%	$819.8M+55.9%	$525.7M+36.8%	$384.3M+24.9%	$307.6M+38.1%	$222.7M+18.8%	$187.5M+16.6%	$160.7M+137.1%	-$433.3M-44.5%	-$299.9M
Retained Earnings	$1.9B+24.8%	$1.5B+36.7%	$1.1B+74.4%	$626.2M+294.2%	$158.9M+311.3%	-$75.2M+71.9%	-$267.6M-1622.1%	$17.6M+144.8%	-$39.2M+53.1%	-$83.7M+17.8%	-$101.8M+11.2%	-$114.6M-4650.8%	-$2.4M+99.2%	-$299.9M

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Total Assets	$4.5B+15.3%	$4.5B+22.1%	$4.1B+15.0%	$4.1B+15.4%	$3.9B+13.4%	$3.7B+12.9%	$3.6B+13.9%	$3.5B+12.7%
Current Assets	$1.2B-18.2%	$1.2B-7.1%	$1.7B+36.9%	$1.7B+12.1%	$1.5B+6.5%	$1.3B+1.9%	$1.2B+0.5%	$1.5B+21.1%
Cash & Equivalents	$162.3M-74.6%	$223.0M-51.9%	$1.0B+106.2%	$812.9M+32.6%	$638.3M+17.8%	$463.3M-5.5%	$488.9M-12.8%	$613.0M+30.3%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$548.5M+20.9%	$543.4M+11.3%	$431.2M-9.5%	$423.8M-13.0%	$453.7M-7.0%	$488.3M+5.2%	$476.4M+17.5%	$487.2M+26.5%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$1.0B+43.7%	$1.0B+44.8%	$725.2M+0.6%	$725.3M+17.5%	$725.7M+17.6%	$720.2M+16.7%	$720.5M+16.7%	$617.1M-0.5%
Total Liabilities	$2.6B+22.9%	$2.5B+24.1%	$2.1B+3.8%	$2.2B+5.2%	$2.1B+3.3%	$2.1B+3.3%	$2.0B+5.0%	$2.0B+4.5%
Current Liabilities	$585.6M+24.2%	$509.5M+27.9%	$413.4M+6.5%	$480.9M+2.9%	$471.6M-4.3%	$398.4M-9.4%	$388.1M-5.1%	$467.3M+9.2%
Non-Current Liabilities	$2.0B+22.5%	$2.0B+23.2%	$1.7B+3.2%	$1.7B+5.9%	$1.7B+5.8%	$1.7B+6.9%	$1.6B+7.8%	$1.6B+3.2%
Long-Term Debt	$1.6B+28.4%	$1.6B+28.3%	$1.3B+1.8%	$1.2B-0.5%	$1.3B-0.6%	$1.3B-0.6%	$1.3B-0.7%	$1.3B-0.7%
Total Equity	$1.8B+7.2%	$1.9B+21.8%	$1.9B+32.9%	$1.8B+32.7%	$1.7B+32.3%	$1.5B+32.3%	$1.5B+34.5%	$1.4B+33.7%
Retained Earnings	$2.0B+24.3%	$1.9B+24.8%	$1.8B+29.1%	$1.8B+29.8%	$1.6B+30.7%	$1.5B+36.7%	$1.4B+41.6%	$1.4B+48.8%

Not reported in any period shown, so not listed: Accounts Receivable.

WMS Cash Flow Statement

WMS quarterly cash flow statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Operating Cash Flow	$804.5M	$819.1M+40.9%	$581.5M-19.0%	$717.9M+1.4%	$707.8M+157.5%	$274.9M-39.2%	$452.2M+47.7%	$306.2M+101.9%	$151.7M+10.6%	$137.1M+31.5%	$104.2M-23.0%	$135.3M+82.0%	$74.4M+2.7%	$72.4M-3.9%	$75.4M
Depreciation & Amortization	N/A	$216.3M+18.0%	$183.3M+18.3%	$154.9M+6.7%	$145.1M+2.4%	$141.8M+113.5%	$66.4M+6.7%	$62.2M+5.2%	$59.2M-4.7%	$62.1M-14.2%	$72.4M+1.9%	$71.0M+8.5%	$65.5M+2.8%	$63.7M+0.9%	$63.1M
Stock-Based Compensation	N/A	$32.4M+21.7%	$26.6M-16.9%	$32.0M+47.7%	$21.7M-10.3%	$24.2M-63.1%	$65.4M+102.0%	$32.4M+48.4%	$21.8M+15.8%	$18.8M+5.4%	$17.9M+307.9%	$4.4M-88.3%	$37.4M-0.1%	$37.4M+299.8%	$9.4M
Capital Expenditures	$254.3M	$249.8M+17.3%	$212.9M+15.8%	$183.8M+10.1%	$166.9M+12.0%	$149.1M+89.3%	$78.8M+16.4%	$67.7M+55.9%	$43.4M+4.1%	$41.7M-10.6%	$46.7M+3.9%	$44.9M+40.1%	$32.1M-21.6%	$40.9M+5.6%	$38.8M
Free Cash Flow	$550.2M	$569.3M+54.5%	$368.5M-31.0%	$534.1M-1.3%	$540.9M+329.9%	$125.8M-66.3%	$373.5M+56.6%	$238.5M+120.3%	$108.3M+13.5%	$95.4M+65.8%	$57.6M-36.3%	$90.4M+113.7%	$42.3M+34.4%	$31.5M-14.0%	$36.6M
Investing Cash Flow	-$1.2B	-$1.2B-170.6%	-$447.9M-187.7%	-$155.7M+27.4%	-$214.5M-7.9%	-$198.8M-155.3%	-$77.9M+93.2%	-$1.2B-2604.2%	-$42.5M-39.7%	-$30.4M+50.3%	-$61.3M	N/A	N/A	N/A	N/A
Financing Cash Flow	-$81.2M	$156.3M+199.1%	-$157.7M+44.5%	-$284.3M+4.0%	-$296.3M-18.0%	-$251.1M+29.2%	-$354.6M-135.1%	$1.0B+959.8%	-$117.7M-23.9%	-$95.0M-121.7%	-$42.8M	N/A	N/A	N/A	N/A
Dividends Paid	$57.5M	$56.1M+12.8%	$49.7M+13.1%	$44.0M+11.1%	$39.6M+7.0%	$37.0M+15.1%	$32.2M-65.1%	$92.1M+252.3%	$26.1M+41.5%	$18.5M+9.9%	$16.8M+3.6%	$16.2M+106.4%	$7.9M-93.2%	$115.1M+1769.3%	$6.2M
Share Buybacks	$325.2M	$92.0M+31.5%	$69.9M-66.3%	$207.3M-63.9%	$575.0M+96.9%	$292.0M	$0	$0	N/A	$7.9M	N/A	N/A	$3K-99.7%	$1.1M+326.9%	$249K

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Operating Cash Flow	$260.4M-5.3%	$39.9M-3.2%	$269.3M+41.8%	$234.9M+40.7%	$275.0M+49.9%	$41.2M+133.4%	$189.9M-21.3%	$166.9M-22.3%
Depreciation & Amortization	$62.2M+23.7%	$59.8M+20.6%	$51.5M+7.9%	$54.7M+22.1%	$50.2M+22.2%	$49.6M+15.7%	$47.8M+25.5%	$44.8M+22.0%
Stock-Based Compensation	$13.3M+57.9%	N/A	$8.8M+13.3%	$8.6M+22.8%	$8.4M+20.5%	N/A	$7.8M+5.3%	$7.0M-25.2%
Capital Expenditures	$57.2M+8.7%	$53.0M+14.0%	$85.7M+58.1%	$58.4M+7.3%	$52.6M-8.9%	$46.5M-1.9%	$54.2M+0.9%	$54.5M+34.3%
Free Cash Flow	$203.2M-8.6%	-$13.1M-147.0%	$183.6M+35.3%	$176.4M+56.9%	$222.4M+76.9%	-$5.3M+82.2%	$135.7M-27.7%	$112.4M-35.5%
Investing Cash Flow	-$55.0M+21.3%	-$1.0B-2179.5%	-$81.2M+72.1%	-$35.4M+34.8%	-$69.9M-22.2%	-$45.0M-13.1%	-$291.3M-442.8%	-$54.3M-34.9%
Financing Cash Flow	-$268.6M-762.8%	$209.0M+1059.3%	$3.2M+115.0%	-$24.7M+39.3%	-$31.1M+57.9%	-$21.8M+54.5%	-$21.3M+77.1%	-$40.7M+41.7%
Dividends Paid	$15.3M+9.5%	$14.0M+13.0%	$14.0M+13.0%	$14.1M+12.9%	$14.0M+12.5%	$12.4M+14.0%	$12.4M+14.0%	$12.5M+12.1%
Share Buybacks	$233.2M	$92.0M	$0	$0-100.0%	$0-100.0%	$0-100.0%	$0-100.0%	$20.7M-61.6%

WMS Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WMS quarterly financial ratios

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Gross Margin	38.3%+0.6pp	37.7%-2.2pp	39.9%+3.4pp	36.4%+7.5pp	28.9%-5.9pp	34.8%+15.9pp	18.9%-4.7pp	23.6%+0.9pp	22.7%-0.8pp	23.5%+1.4pp	22.1%+4.7pp	17.4%-0.6pp	18.0%-0.5pp	18.5%
Operating Margin	20.3%-2.3pp	22.6%-2.8pp	25.5%+2.0pp	23.4%+8.5pp	14.9%-2.5pp	17.4%+23.1pp	-5.7%-15.0pp	9.3%+2.7pp	6.6%+0.6pp	6.1%-1.2pp	7.3%+4.0pp	3.3%-1.2pp	4.5%-1.1pp	5.7%
Net Margin	14.1%-1.5pp	15.6%-2.2pp	17.8%+1.2pp	16.6%+6.7pp	9.9%-1.4pp	11.3%+22.9pp	-11.5%-17.2pp	5.6%+1.0pp	4.7%-0.3pp	4.9%+3.0pp	1.9%+2.6pp	-0.7%-1.1pp	0.4%-1.6pp	2.0%
Return on Equity	23.1%-6.6pp	29.7%-14.8pp	44.5%-17.5pp	62.0%+31.2pp	30.8%+3.4pp	27.4%+64.1pp	-36.7%-57.0pp	20.2%+0.1pp	20.2%-7.7pp	27.8%+14.5pp	13.4%+18.2pp	-4.9%	N/A	N/A
Return on Assets	9.5%-2.8pp	12.3%-3.4pp	15.7%-1.9pp	17.6%+7.2pp	10.4%+1.1pp	9.3%+17.4pp	-8.2%-15.6pp	7.5%+1.5pp	5.9%0.0pp	5.9%+3.5pp	2.4%+3.2pp	-0.8%-1.2pp	0.4%-1.7pp	2.2%
Current Ratio	2.42-0.9x	3.33+0.4x	2.96+0.3x	2.69+0.5x	2.23-0.1x	2.33-0.5x	2.80+0.5x	2.26+0.2x	2.07+0.3x	1.720.0x	1.74-0.3x	2.06-0.2x	2.30	N/A
Debt-to-Equity	0.860.0x	0.82-0.3x	1.09-0.4x	1.54+0.5x	1.02+0.1x	0.95-1.1x	2.07+1.5x	0.54-0.3x	0.88-0.5x	1.40-0.3x	1.67-0.8x	2.43	N/A	N/A
Asset Turnover	0.68-0.1x	0.79-0.1x	0.88-0.2x	1.060.0x	1.05+0.2x	0.82+0.1x	0.71-0.6x	1.33+0.1x	1.28+0.1x	1.200.0x	1.24+0.1x	1.14+0.1x	1.090.0x	1.07
FCF Margin	18.7%+6.0pp	12.7%-5.9pp	18.6%+1.0pp	17.6%+13.1pp	4.5%-14.3pp	18.8%+4.6pp	14.2%+6.4pp	7.8%+0.7pp	7.2%+2.6pp	4.6%-2.4pp	7.0%+3.4pp	3.6%+0.6pp	2.9%-0.6pp	3.6%

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Gross Margin	40.8%+0.9pp	35.1%-1.6pp	37.4%+2.4pp	40.0%+2.4pp	39.8%-1.0pp	36.7%-1.8pp	35.0%-4.2pp	37.6%-1.2pp
Operating Margin	25.4%+0.6pp	7.9%-11.1pp	19.7%+1.4pp	26.3%+2.3pp	24.8%-3.0pp	19.0%-1.7pp	18.4%-4.8pp	23.9%-1.4pp
Net Margin	16.8%-0.5pp	5.2%-7.7pp	13.5%+1.7pp	18.4%+1.7pp	17.3%-2.5pp	13.0%-2.0pp	11.8%-4.2pp	16.7%-0.8pp
Return on Equity	9.4%+0.8pp	1.9%-3.3pp	4.9%-0.7pp	8.5%-0.9pp	8.6%-4.2pp	5.2%-3.3pp	5.6%-4.2pp	9.5%-3.7pp
Return on Assets	3.7%+0.1pp	0.8%-1.4pp	2.3%0.0pp	3.8%+0.1pp	3.7%-1.0pp	2.2%-0.8pp	2.3%-1.1pp	3.7%-0.6pp
Current Ratio	2.12-1.1x	2.42-0.9x	4.12+0.9x	3.48+0.3x	3.22+0.3x	3.33+0.4x	3.21+0.2x	3.19+0.3x
Debt-to-Equity	0.90+0.1x	0.860.0x	0.66-0.2x	0.68-0.2x	0.75-0.2x	0.82-0.3x	0.86-0.3x	0.91-0.3x
Asset Turnover	0.220.0x	0.150.0x	0.170.0x	0.210.0x	0.210.0x	0.170.0x	0.190.0x	0.220.0x
FCF Margin	20.3%-6.5pp	-1.9%-1.1pp	26.5%+6.8pp	20.8%+6.4pp	26.8%+11.4pp	-0.9%+3.7pp	19.7%-8.7pp	14.4%-8.0pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
ADVANCED DRAINAGE SYSTEMS, INC. WMS	FY2026	$3.1B	$429.0M	14.1%	$9.6B	66/100
Owens Corning OC	FY2025	$10.1B	-$522.0M	-5.2%	$8.9B	51/100
Builders FirstSource, Inc. BLDR	FY2025	$15.2B	$435.2M	2.9%	$5.6B	47/100
Masco Corporation MAS	FY2025	$7.6B	$810.0M	10.7%	$13.6B	61/100
Carlisle Companies, Inc. CSL	FY2025	$5.0B	$740.7M	14.8%	$12.7B	70/100
Lennox International Inc. LII	FY2025	$5.2B	$805.8M	15.5%	$12.3B	63/100

Where ADVANCED DRAINAGE SYSTEMS, INC. Ranks

Frequently Asked Questions

What is ADVANCED DRAINAGE SYSTEMS, INC.'s annual revenue?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) reported $3.1B in total revenue for fiscal year 2026. This represents a 5.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is ADVANCED DRAINAGE SYSTEMS, INC.'s revenue growing?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) revenue grew by 5.0% year-over-year, from $2.9B to $3.1B in fiscal year 2026.

Is ADVANCED DRAINAGE SYSTEMS, INC. profitable?

Yes, ADVANCED DRAINAGE SYSTEMS, INC. (WMS) reported a net income of $429.0M in fiscal year 2026, with a net profit margin of 14.1%.

What is ADVANCED DRAINAGE SYSTEMS, INC.'s EBITDA?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) had EBITDA of $835.5M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does ADVANCED DRAINAGE SYSTEMS, INC. have?

As of fiscal year 2026, ADVANCED DRAINAGE SYSTEMS, INC. (WMS) had $223.0M in cash and equivalents against $1.6B in long-term debt.

What is ADVANCED DRAINAGE SYSTEMS, INC.'s gross margin?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) had a gross margin of 38.3% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is ADVANCED DRAINAGE SYSTEMS, INC.'s operating margin?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) had an operating margin of 20.3% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is ADVANCED DRAINAGE SYSTEMS, INC.'s net profit margin?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) had a net profit margin of 14.1% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Does ADVANCED DRAINAGE SYSTEMS, INC. pay dividends?

Yes, ADVANCED DRAINAGE SYSTEMS, INC. (WMS) paid $0.72 per share in dividends during fiscal year 2026.

What is ADVANCED DRAINAGE SYSTEMS, INC.'s return on equity (ROE)?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) has a return on equity of 23.1% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is ADVANCED DRAINAGE SYSTEMS, INC.'s free cash flow?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) generated $569.3M in free cash flow during fiscal year 2026. This represents a 54.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is ADVANCED DRAINAGE SYSTEMS, INC.'s operating cash flow?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) generated $819.1M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are ADVANCED DRAINAGE SYSTEMS, INC.'s total assets?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) had $4.5B in total assets as of fiscal year 2026, including both current and long-term assets.

What are ADVANCED DRAINAGE SYSTEMS, INC.'s capital expenditures?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) invested $249.8M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Does ADVANCED DRAINAGE SYSTEMS, INC. buy back shares?

Yes, ADVANCED DRAINAGE SYSTEMS, INC. (WMS) spent $92.0M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does ADVANCED DRAINAGE SYSTEMS, INC. have outstanding?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) had 77M shares outstanding as of fiscal year 2026.

What is ADVANCED DRAINAGE SYSTEMS, INC.'s current ratio?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) had a current ratio of 2.42 as of fiscal year 2026, which is generally considered healthy.

What is ADVANCED DRAINAGE SYSTEMS, INC.'s debt-to-equity ratio?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) had a debt-to-equity ratio of 0.86 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is ADVANCED DRAINAGE SYSTEMS, INC.'s return on assets (ROA)?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) had a return on assets of 9.5% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is ADVANCED DRAINAGE SYSTEMS, INC.'s P/E ratio?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) trades at 21.1x earnings, its market capitalization divided by net income of $453.6M net income, trailing 12 months to June 30, 2026. The market capitalization is $9.6B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is ADVANCED DRAINAGE SYSTEMS, INC.'s price-to-sales ratio?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) trades at 3.0x sales, its market capitalization divided by revenue of $3.2B revenue, trailing 12 months to June 30, 2026. The market capitalization is $9.6B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is ADVANCED DRAINAGE SYSTEMS, INC.'s Altman Z-Score?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) has an Altman Z-Score of 4.15, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is ADVANCED DRAINAGE SYSTEMS, INC.'s Piotroski F-Score?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are ADVANCED DRAINAGE SYSTEMS, INC.'s earnings high quality?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) has an earnings quality ratio of 1.91x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can ADVANCED DRAINAGE SYSTEMS, INC. cover its interest payments?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) has an interest coverage ratio of 6.60x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is ADVANCED DRAINAGE SYSTEMS, INC.?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) scores 66 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.