Advanced Drain Sys Inc Del Financials
This page shows Advanced Drain Sys Inc Del (WMS) financial statements, including the 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).
Advanced Drainage’s earnings engine now leans more on a richer margin structure than on top-line expansion.
From FY2022 to FY2025, revenue stayed in a tight band around$2.8B to$3.1B , yet operating margin moved from14.9% to at least22.6% in each of the last three years, pointing to a structural margin reset rather than simple volume growth. FY2025 then exposed the second half of the model: with operating cash flow down to$581M and capex up to$213M , free cash flow fell to$369M even though net income remained$450M .
The balance-sheet posture improved mainly through retained earnings, not a major debt paydown: long-term debt was still about
This remains a reinvestment-requiring manufacturer, not an asset-light cash machine: capex rose from
Financial Health Signals
Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Advanced Drain Sys Inc Del'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.
Advanced Drain Sys Inc Del 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 71/100, reflecting efficient cost management and pricing power. This is down from 22.6% the prior year.
Advanced Drain Sys Inc Del's revenue grew 5.0% year-over-year to $3.1B, a solid pace of expansion. This earns a growth score of 38/100.
Advanced Drain Sys Inc Del carries a low D/E ratio of 0.86, meaning only $0.86 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 84/100, indicating a strong balance sheet with room for future borrowing.
Advanced Drain Sys Inc Del's current ratio of 2.42 indicates adequate short-term liquidity, earning a score of 45/100. The company can meet its near-term obligations, though with limited headroom.
Advanced Drain Sys Inc Del converts 18.7% of revenue into free cash flow ($569.3M). This strong cash generation earns a score of 67/100.
Advanced Drain Sys Inc Del earns a strong 22.9% 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 76/100. This is down from 29.5% the prior year.
Advanced Drain Sys Inc Del scores 4.38, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($10.5B) relative to total liabilities ($2.5B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Advanced Drain Sys Inc Del 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.
For every $1 of reported earnings, Advanced Drain Sys Inc Del generates $1.92 in operating cash flow ($819.1M OCF vs $426.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Advanced Drain Sys Inc Del generated $3.1B in revenue in fiscal year 2026. This represents an increase of 5.0% from the prior year.
Advanced Drain Sys Inc Del's EBITDA was $835.5M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 0.6% from the prior year.
Advanced Drain Sys Inc Del reported $426.5M in net income in fiscal year 2026. This represents a decrease of 5.3% from the prior year.
Advanced Drain Sys Inc Del earned $5.44 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 5.6% from the prior year.
Cash & Balance Sheet
Advanced Drain Sys Inc Del generated $569.3M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 54.5% from the prior year.
Advanced Drain Sys Inc Del held $223.0M in cash against $1.6B in long-term debt as of fiscal year 2026.
Advanced Drain Sys Inc Del paid $0.72 per share in dividends in fiscal year 2026. This represents an increase of 12.5% from the prior year.
Advanced Drain Sys Inc Del had 77M shares outstanding in fiscal year 2026. This represents a decrease of 1.3% from the prior year.
Margins & Returns
Advanced Drain Sys Inc Del's gross margin was 38.3% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.
Advanced Drain Sys Inc Del's operating margin was 20.3% in fiscal year 2026, reflecting core business profitability. This is down 2.3 percentage points from the prior year.
Advanced Drain Sys Inc Del's net profit margin was 14.0% in fiscal year 2026, showing the share of revenue converted to profit. This is down 1.5 percentage points from the prior year.
Advanced Drain Sys Inc Del's ROE was 22.9% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 6.6 percentage points from the prior year.
Capital Allocation
Advanced Drain Sys Inc Del spent $92.0M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 31.5% from the prior year.
Advanced Drain Sys Inc Del invested $249.8M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 17.3% from the prior year.
WMS Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $676.8M-2.4% | $693.4M-18.5% | $850.4M+2.5% | $829.9M+34.8% | $615.8M-10.8% | $690.5M-11.8% | $782.6M-4.0% | $815.3M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $237.7M-8.3% | $259.2M-23.8% | $340.1M+2.9% | $330.4M+46.0% | $226.3M-6.4% | $241.6M-17.8% | $293.9M-11.6% | $332.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $53.3M-61.0% | $136.8M-38.7% | $223.3M+8.5% | $205.7M+75.9% | $117.0M-7.8% | $126.9M-32.3% | $187.4M-17.2% | $226.2M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $5.4M-82.5% | $30.6M-41.7% | $52.4M+12.3% | $46.7M+101.5% | $23.2M-14.5% | $27.1M-33.8% | $40.9M-18.0% | $49.9M |
| Net Income | $32.9M-64.9% | $93.6M-40.0% | $156.0M+8.4% | $143.9M+86.5% | $77.2M-5.0% | $81.2M-37.7% | $130.4M-19.2% | $161.4M |
| EPS (Diluted) | N/A | $1.19-40.2% | $1.99+8.2% | $1.84 | N/A | $1.04-37.7% | $1.67-18.9% | $2.06 |
WMS Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.5B+8.7% | $4.1B+1.6% | $4.1B+4.3% | $3.9B+6.0% | $3.7B+2.4% | $3.6B+1.9% | $3.5B+2.6% | $3.4B |
| Current Assets | $1.2B-27.8% | $1.7B+1.9% | $1.7B+10.3% | $1.5B+14.5% | $1.3B+6.4% | $1.2B-16.5% | $1.5B+4.7% | $1.4B |
| Cash & Equivalents | $223.0M-77.9% | $1.0B+24.0% | $812.9M+27.4% | $638.3M+37.8% | $463.3M-5.2% | $488.9M-20.3% | $613.0M+13.2% | $541.6M |
| Inventory | $543.4M+26.0% | $431.2M+1.8% | $423.8M-6.6% | $453.7M-7.1% | $488.3M+2.5% | $476.4M-2.2% | $487.2M-0.1% | $487.8M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $1.0B+43.8% | $725.2M0.0% | $725.3M-0.1% | $725.7M+0.8% | $720.2M0.0% | $720.5M+16.8% | $617.1M0.0% | $617.0M |
| Total Liabilities | $2.5B+20.5% | $2.1B-1.6% | $2.2B+0.9% | $2.1B+3.8% | $2.1B+0.8% | $2.0B-0.3% | $2.0B-0.9% | $2.1B |
| Current Liabilities | $509.5M+23.2% | $413.4M-14.0% | $480.9M+2.0% | $471.6M+18.4% | $398.4M+2.7% | $388.1M-17.0% | $467.3M-5.2% | $492.9M |
| Long-Term Debt | $1.6B+25.9% | $1.3B+2.2% | $1.2B-0.1% | $1.3B-0.1% | $1.3B-0.1% | $1.3B-0.2% | $1.3B-0.2% | $1.3B |
| Total Equity | $1.9B-3.6% | $1.9B+5.6% | $1.8B+9.3% | $1.7B+9.5% | $1.5B+5.1% | $1.5B+5.4% | $1.4B+9.0% | $1.3B |
| Retained Earnings | $1.9B+1.0% | $1.8B+4.5% | $1.8B+8.8% | $1.6B+8.7% | $1.5B+4.5% | $1.4B+5.1% | $1.4B+9.5% | $1.2B |
WMS Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $39.9M-85.2% | $269.3M+14.7% | $234.9M-14.6% | $275.0M+567.0% | $41.2M-78.3% | $189.9M+13.8% | $166.9M-9.0% | $183.4M |
| Capital Expenditures | $53.0M-38.1% | $85.7M+46.7% | $58.4M+11.1% | $52.6M+13.0% | $46.5M-14.2% | $54.2M-0.4% | $54.5M-5.6% | $57.7M |
| Free Cash Flow | -$13.1M-107.1% | $183.6M+4.0% | $176.4M-20.7% | $222.4M+4290.3% | -$5.3M-103.9% | $135.7M+20.7% | $112.4M-10.6% | $125.7M |
| Investing Cash Flow | -$1.0B-1162.2% | -$81.2M-129.4% | -$35.4M+49.4% | -$69.9M-55.5% | -$45.0M+84.6% | -$291.3M-436.3% | -$54.3M+5.1% | -$57.2M |
| Financing Cash Flow | $209.0M+6424.1% | $3.2M+113.0% | -$24.7M+20.6% | -$31.1M-42.9% | -$21.8M-2.2% | -$21.3M+47.7% | -$40.7M+44.9% | -$73.9M |
| Dividends Paid | $14.0M+0.1% | $14.0M-0.6% | $14.1M+0.9% | $14.0M+12.6% | $12.4M0.0% | $12.4M-0.7% | $12.5M+0.5% | $12.4M |
| Share Buybacks | $92.0M | $0 | $0 | $0 | $0 | $0-100.0% | $20.7M-58.0% | $49.2M |
WMS Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.1%-2.3pp | 37.4%-2.6pp | 40.0%+0.2pp | 39.8%+3.1pp | 36.7%+1.8pp | 35.0%-2.6pp | 37.6%-3.2pp | 40.8% |
| Operating Margin | 7.9%-11.9pp | 19.7%-6.5pp | 26.3%+1.5pp | 24.8%+5.8pp | 19.0%+0.6pp | 18.4%-5.6pp | 23.9%-3.8pp | 27.8% |
| Net Margin | 4.9%-8.6pp | 13.5%-4.8pp | 18.4%+1.0pp | 17.3%+4.8pp | 12.5%+0.8pp | 11.8%-4.9pp | 16.7%-3.1pp | 19.8% |
| Return on Equity | 1.8%-3.1pp | 4.9%-3.7pp | 8.5%-0.1pp | 8.6%+3.5pp | 5.1%-0.5pp | 5.6%-3.9pp | 9.5%-3.3pp | 12.8% |
| Return on Assets | 0.7%-1.5pp | 2.3%-1.6pp | 3.8%+0.1pp | 3.7%+1.6pp | 2.1%-0.2pp | 2.3%-1.4pp | 3.7%-1.0pp | 4.7% |
| Current Ratio | 2.42-1.7 | 4.12+0.6 | 3.48+0.3 | 3.22-0.1 | 3.33+0.1 | 3.21+0.0 | 3.19+0.3 | 2.89 |
| Debt-to-Equity | 0.86+0.2 | 0.66-0.0 | 0.68-0.1 | 0.75-0.1 | 0.82-0.0 | 0.86-0.0 | 0.91-0.1 | 1.00 |
| FCF Margin | -1.9%-28.4pp | 26.5%+5.7pp | 20.8%-6.1pp | 26.8%+27.7pp | -0.9%-20.5pp | 19.7%+5.3pp | 14.4%-1.1pp | 15.4% |
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Frequently Asked Questions
What is Advanced Drain Sys Inc Del's annual revenue?
Advanced Drain Sys Inc Del (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 Drain Sys Inc Del's revenue growing?
Advanced Drain Sys Inc Del (WMS) revenue grew by 5% year-over-year, from $2.9B to $3.1B in fiscal year 2026.
Is Advanced Drain Sys Inc Del profitable?
Yes, Advanced Drain Sys Inc Del (WMS) reported a net income of $426.5M in fiscal year 2026, with a net profit margin of 14.0%.
What is Advanced Drain Sys Inc Del's EBITDA?
Advanced Drain Sys Inc Del (WMS) had EBITDA of $835.5M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Advanced Drain Sys Inc Del have?
As of fiscal year 2026, Advanced Drain Sys Inc Del (WMS) had $223.0M in cash and equivalents against $1.6B in long-term debt.
What is Advanced Drain Sys Inc Del's gross margin?
Advanced Drain Sys Inc Del (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 Drain Sys Inc Del's operating margin?
Advanced Drain Sys Inc Del (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 Drain Sys Inc Del's net profit margin?
Advanced Drain Sys Inc Del (WMS) had a net profit margin of 14.0% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
Does Advanced Drain Sys Inc Del pay dividends?
Yes, Advanced Drain Sys Inc Del (WMS) paid $0.72 per share in dividends during fiscal year 2026.
What is Advanced Drain Sys Inc Del's return on equity (ROE)?
Advanced Drain Sys Inc Del (WMS) has a return on equity of 22.9% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Advanced Drain Sys Inc Del's free cash flow?
Advanced Drain Sys Inc Del (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 Drain Sys Inc Del's operating cash flow?
Advanced Drain Sys Inc Del (WMS) generated $819.1M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Advanced Drain Sys Inc Del's total assets?
Advanced Drain Sys Inc Del (WMS) had $4.5B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Advanced Drain Sys Inc Del's capital expenditures?
Advanced Drain Sys Inc Del (WMS) invested $249.8M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Advanced Drain Sys Inc Del's current ratio?
Advanced Drain Sys Inc Del (WMS) had a current ratio of 2.42 as of fiscal year 2026, which is generally considered healthy.
What is Advanced Drain Sys Inc Del's debt-to-equity ratio?
Advanced Drain Sys Inc Del (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 Drain Sys Inc Del's return on assets (ROA)?
Advanced Drain Sys Inc Del (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 Drain Sys Inc Del's Altman Z-Score?
Advanced Drain Sys Inc Del (WMS) has an Altman Z-Score of 4.38, 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 Drain Sys Inc Del's Piotroski F-Score?
Advanced Drain Sys Inc Del (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 Drain Sys Inc Del's earnings high quality?
Advanced Drain Sys Inc Del (WMS) has an earnings quality ratio of 1.92x, 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.
How financially healthy is Advanced Drain Sys Inc Del?
Advanced Drain Sys Inc Del (WMS) scores 64 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.