ADVANCED DRAINAGE SYSTEMS, INC.

Listed Company

WMSCIK 0001604028NYSELarge AcceleratedPlastics Foam ProductsDelawareFY ends Mar 31

Period

FY 2026

Revenue

$3.05B

Net Income

$426.46M

Total Assets

$4.51B

Equity

$1.86B

Shares Out

76.60M

Op. Cash Flow

$819.05M

WMS$147.57+31.01% · past yearDBEQ Basic

Daily closing prices

Business

Advanced Drainage Systems, Inc. (ADS) is the leading manufacturer of innovative water management solutions for stormwater and onsite wastewater industries. The company designs, manufactures and markets thermoplastic corrugated pipe, chambers, tanks, structures, fittings and related products serving residential, non-residential, infrastructure and agricultural applications. ADS operates through two reportable segments: Stormwater (including the recently acquired NDS residential drainage product line) and Wastewater (the Infiltrator subsidiary and Orenco Systems), supported by a national manufacturing and distribution platform of 64 manufacturing plants and 41 distribution centers across North America and international markets.

Summary from 10-K filed 2026-05-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Net sales	3,050	2,904	2,874	3,071	2,769
Cost of goods sold	1,883	1,810	1,729	1,953	1,950
Gross profit	1,167	1,094	1,146	1,118	800
Selling, general and administrative	470	380	371	340	310
Loss (gain) on disposal of assets and costs from exit and disposal activities	19	4	−8	4	3
Intangible amortization	59	53	51	55	64
Income from operations	619	657	732	719	412
Interest expense	94	92	89	70	34
Interest income and other, net	−34	−24	−23	−8	−5
Income before income taxes	560	589	667	657	384
Income tax expense	135	141	159	151	110
Equity in net income of unconsolidated affiliates	−5	−4	−6	−5	−2
Net income from continuing operations	430	453	513	—	—
Net sales	−1	0	0	—	—
Net income	429	453	513	511	275
Less: net income attributable to noncontrolling interest	2	2	3	4	4
Net income attributable to ADS	426	450	510	507	271
Basic (in shares)	78	78	78	82	71
Diluted (in shares)	78	78	79	83	73
Income (Loss) from Continuing Operations, Per Basic Share	5.5	5.81	6.52	—	—
Income (Loss) from Continuing Operations, Per Diluted Share	5.45	5.76	6.45	—	—
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share	−0.01	0	0	—	—
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share	−0.01	0	0	—	—
Basic (in dollars per share)	5.48	5.81	6.52	6.16	3.22
Diluted (in dollars per share)	5.44	5.76	6.45	6.08	3.15

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Cash	223	463	490	217	20
Receivables (less allowance for credit losses of $4,654 and $7,684, respectively)	391	333	324	307	342
Inventories	543	488	464	464	494
Assets held for sale	43	8	—	—	—
Other current assets	30	32	22	29	16
Total current assets	1,231	1,325	1,300	1,017	872
Property, plant and equipment, net	1,217	1,051	876	733	619
Goodwill	1,043	720	617	620	610
Intangible assets, net	849	448	353	408	431
Other assets	166	146	123	123	117
Total assets	4,506	3,690	3,269	2,901	2,650
Current maturities of debt obligations	6	10	12	15	19
Current maturities of finance lease obligations	38	33	18	9	5
Accounts payable	238	218	254	210	225
Liabilities held for sale	15	0	—	—	—
Other accrued liabilities	213	137	155	142	135
Total current liabilities	509	398	440	379	391
Long-term debt obligations (less unamortized debt issuance costs of $18,428 and $7,715, respectively)	1,606	1,252	1,260	1,269	909
Long-term finance lease obligations	122	131	62	32	11
Deferred tax liabilities	221	190	157	159	168
Other liabilities	91	83	71	67	65
Total liabilities	2,550	2,055	1,988	1,906	1,545
Commitments and contingencies (see Note 18)	—	—	—	—	—
Redeemable common stock: $0.01 par value; 4,533 and 5,702 shares outstanding, respectively	74	93	109	153	0
Total mezzanine equity	74	93	109	153	195
Common stock: $0.01 par value; 1,000,000 shares authorized; 85,319 and 83,750 shares issued, respectively; 72,654 and 71,864 shares outstanding, respectively	12	12	12	12	12
Paid-in capital	1,342	1,278	1,220	1,135	1,066
Common stock in treasury, at cost	−1,326	−1,219	−1,141	−921	−319
Accumulated other comprehensive loss	−32	−37	−30	−28	−24
Retained earnings	1,863	1,493	1,092	626	159
Total ADS stockholders equity	1,859	1,525	1,153	824	893
Noncontrolling interest in subsidiaries	24	18	19	17	17
Total stockholders equity	1,882	1,543	1,172	842	910
Total liabilities, mezzanine equity and stockholders equity	4,506	3,690	3,269	2,901	2,650

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Depreciation and amortization	216	183	155	145	142
Deferred income taxes	35	−423,000	−2	−10	2
Loss (gain) on disposal of assets and costs from exit and disposal activities	19	4	−8	4	3
Stock-based compensation	32	27	32	22	78
Amortization of deferred financing charges	2	2	2	1	382,000
Inventory step up related to NDS acquisition	12	0	0	—	0
Fair market value adjustments to derivatives	−5	220,000	−972,000	4	−1
Other operating activities	806,000	−298,000	7	2	−12
Receivables	−2	1	−15	37	−97
Inventories	31	−16	594,000	30	−190
Prepaid expenses and other current assets	−1	−4	−275,000	−5	−5
Accounts payable, accrued expenses and other liabilities	54	−64	40	−29	50
Cash Provided by (Used in) Discontinued Operation	−307,000	0	0	—	—
Net cash provided by operating activities	819	581	718	708	275
Capital expenditures	−250	−213	−184	−167	−149
Proceeds from disposition of assets or businesses	33	0	27	0	0
Acquisition, net of cash acquired	−991	−237	0	−48	−49
Other investing activities	−4	2	650,000	446,000	−441,000
Net cash used in investing activities	−1,212	−448	−156	−214	−199
Payments on syndicated Term Loan Facility	−413	−7	−7	−7	−7
Proceeds from commercial loan agreement	27	0	0	500	0
Debt issuance costs	−17	0	0	−12	0
Payments on Equipment Financing	−3	−5	−8	−13	−5
Payments on finance lease obligations	−41	−25	−12	−8	−50
Repurchase of common stock	−92	−70	−207	−575	−292
Cash dividends paid	−56	−50	−44	−40	−37
Proceeds from noncontrolling interest holder	3	0	0	—	—
Dividends paid to noncontrolling interest holder	−2	0	−4	−5	−1
Proceeds from option exercises	7	10	6	6	5
Payment of withholding taxes on vesting of restricted stock units	−7	−11	−9	−29	−13
Other financing activities	−2,000	2,000	0	−260,000	−186,000
Net cash provided by (used in) financing activities	156	−158	−284	−296	−251
Effect of exchange rate changes on cash	1	−2	799,000	−52,000	129,000
Net change in cash	−235	−27	279	197	−175

Filings

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Frequently asked questions

What is ADVANCED DRAINAGE SYSTEMS, INC.'s CIK number?

ADVANCED DRAINAGE SYSTEMS, INC.'s SEC CIK number is 0001604028 (1604028). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find ADVANCED DRAINAGE SYSTEMS, INC.'s SEC filings?

All of ADVANCED DRAINAGE SYSTEMS, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did ADVANCED DRAINAGE SYSTEMS, INC. last report earnings?

ADVANCED DRAINAGE SYSTEMS, INC. (WMS) most recently filed an earnings 8-K with the SEC on May 21, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001604028-26-000014). This is ADVANCED DRAINAGE SYSTEMS, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is ADVANCED DRAINAGE SYSTEMS, INC.'s most recent earnings 8-K?

ADVANCED DRAINAGE SYSTEMS, INC.'s latest earnings 8-K (Item 2.02) was filed May 21, 2026 under accession 0001604028-26-000014. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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