ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
Q2-CY2026Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014
Balance Sheet Date2026-Mar-312025-Dec-312025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-30
Fiscal PeriodQ4-FY2026Q3-FY2026Q2-FY2026Q1-FY2026Q4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015
Total Revenue676,761,000$693,354,000$850,381,000$829,880,000$615,761,000$690,538,000$782,610,000$815,336,000$653,840,000$662,367,000$780,220,000$778,046,000$617,559,000$655,167,000$884,209,000$914,186,000$678,187,000$715,357,000$706,471,000$669,300,000$443,809,000$486,145,000$544,187,000$508,639,000$370,768,000$393,424,000$495,905,000$413,708,000$272,218,000$318,113,000$406,555,000$387,847,000$250,114,000$320,832,000$401,049,000$358,359,000$244,184,000$294,716,000$360,785,000$357,576,000$245,398,000$312,827,000$383,329,000$349,124,000$(981,086,000$)279,871,000$366,714,000$326,434,000$
QoQ%(2.39%)(18.47%)2.47%34.77%(10.83%)(11.77%)(4.01%)24.70%(1.29%)(15.11%).28%25.99%(5.74%)(25.90%)(3.28%)34.80%(5.20%)1.26%5.55%50.81%(8.71%)(10.67%)6.99%37.19%(5.76%)(20.67%)19.87%51.98%(14.43%)(21.75%)4.82%55.07%(22.04%)(20.00%)11.91%46.76%(17.15%)(18.31%).90%45.71%(21.56%)(18.39%)9.80%135.59%(450.55%)(23.68%)12.34%136.97%
YoY%9.91%.41%8.66%1.78%(5.82%)4.25%.31%4.79%5.88%1.10%(11.76%)(14.89%)(8.94%)(8.41%)25.16%36.59%52.81%47.15%29.82%31.59%19.70%23.57%9.74%22.95%36.20%23.67%21.98%6.67%8.84%(.85%)1.37%8.23%2.43%8.86%11.16%.22%(.50%)(5.79%)(5.88%)2.42%125.01%11.78%4.53%6.95%(11.11%)7.38%10.22%11.57%
Cost Of Revenue439,097,000$434,202,000$510,249,000$499,442,000$389,509,000$448,944,000$488,669,000$482,882,000$401,877,000$402,518,000$477,543,000$446,586,000$395,138,000$431,250,000$564,246,000$562,079,000$487,958,000$506,380,000$506,414,000$468,179,000$316,592,000$317,640,000$338,330,000$320,136,000$262,013,000$270,066,000$349,381,000$475,866,000$212,714,000$245,714,000$311,182,000$288,156,000$201,999,000$243,006,000$311,248,000$271,620,000$204,933,000$225,275,000$270,273,000$260,970,000$189,990,000$239,504,000$299,594,000$274,647,000$181,570,000$230,584,000$296,577,000$265,129,000$
Gross Profit237,664,000$259,152,000$340,132,000$330,438,000$226,252,000$241,594,000$293,941,000$332,454,000$251,963,000$259,849,000$302,677,000$331,460,000$222,421,000$223,917,000$319,963,000$352,107,000$190,229,000$208,977,000$200,057,000$201,121,000$127,217,000$168,505,000$205,857,000$188,503,000$108,755,000$123,358,000$146,524,000$(62,158,000$)59,504,000$72,399,000$95,373,000$99,691,000$48,115,000$77,826,000$89,801,000$86,739,000$39,251,000$69,441,000$90,512,000$96,606,000$49,404,000$74,842,000$86,529,000$74,477,000$24,684,000$49,287,000$70,137,000$61,305,000$
Gross Margin35.12%37.38%40.00%39.82%36.74%34.99%37.56%40.78%38.54%39.23%38.79%42.60%36.02%34.18%36.19%38.52%28.05%29.21%28.32%30.05%28.67%34.66%37.83%37.06%29.33%31.36%29.55%(15.03%)21.86%22.76%23.46%25.70%19.24%24.26%22.39%24.20%16.07%23.56%25.09%27.02%20.13%23.92%22.57%21.33%(2.52%)17.61%19.13%18.78%
Operating Expenses184,326,000$122,329,000$116,837,000$124,692,000$109,271,000$114,730,000$106,565,000$106,239,000$116,586,000$106,583,000$104,640,000$86,009,000$96,790,000$99,430,000$102,378,000$100,500,000$109,452,000$98,663,000$88,496,000$91,855,000$94,327,000$85,542,000$84,283,000$81,405,000$101,996,000$82,338,000$89,305,000$138,189,000$52,799,000$47,496,000$48,624,000$48,635,000$52,989,000$50,627,000$55,369,000$55,242,000$62,813,000$48,265,000$47,256,000$61,148,000$51,940,000$50,754,000$53,169,000$43,304,000$26,935,000$38,883,000$39,831,000$41,397,000$
Operating Income53,338,000$136,823,000$223,295,000$205,746,000$116,981,000$126,864,000$187,376,000$226,215,000$135,377,000$153,266,000$198,037,000$245,451,000$125,631,000$124,487,000$217,585,000$251,607,000$80,777,000$110,314,000$111,561,000$109,266,000$32,890,000$82,963,000$121,574,000$107,098,000$6,759,000$41,020,000$57,219,000$(200,347,000$)6,705,000$24,903,000$46,749,000$51,056,000$(4,874,000$)27,199,000$34,432,000$31,497,000$(23,562,000$)21,176,000$43,256,000$35,458,000$(2,536,000$)24,088,000$33,360,000$31,173,000$(2,251,000$)10,404,000$30,306,000$19,908,000$
Operating Margin7.88%19.73%26.26%24.79%19.00%18.37%23.94%27.75%20.71%23.14%25.38%31.55%20.34%19.00%24.61%27.52%11.91%15.42%15.79%16.33%7.41%17.07%22.34%21.06%1.82%10.43%11.54%(48.43%)2.46%7.83%11.50%13.16%(1.95%)8.48%8.59%8.79%(9.65%)7.19%11.99%9.92%(1.03%)7.70%8.70%8.93%.23%3.72%8.26%6.10%
Interest Income0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$
Interest Expenses25,145,000$22,579,000$23,116,000$23,029,000$22,729,000$23,094,000$23,156,000$22,824,000$22,878,000$22,331,000$21,941,000$21,712,000$20,848,000$20,001,000$18,261,000$11,072,000$8,450,000$8,756,000$8,437,000$7,907,000$7,895,000$8,433,000$9,360,000$9,970,000$11,924,000$13,191,000$52,332,000$5,264,000$4,590,000$5,695,000$4,531,000$3,802,000$2,642,000$3,086,000$5,055,000$4,479,000$3,916,000$4,221,000$4,546,000$4,784,000$4,504,000$4,723,000$4,947,000$4,286,000$4,631,000$5,044,000$5,051,000$
Income Before Tax39,432,000$122,743,000$208,191,000$189,422,000$99,220,000$108,562,000$171,176,000$210,507,000$120,156,000$135,707,000$183,602,000$227,288,000$107,123,000$108,611,000$198,929,000$242,437,000$74,679,000$102,537,000$102,922,000$103,373,000$27,516,000$74,695,000$112,365,000$97,695,000$(6,601,000$)27,790,000$4,712,000$(205,515,000$)2,844,000$18,574,000$42,124,000$48,068,000$(8,022,000$)25,076,000$31,916,000$27,972,000$(27,051,000$)17,727,000$40,444,000$33,711,000$(5,282,000$)16,804,000$19,221,000$20,307,000$(16,163,000$)217,000$25,502,000$15,073,000$
Tax Expenses5,358,000$30,557,000$52,399,000$46,674,000$23,166,000$27,091,000$40,920,000$49,886,000$26,333,000$30,131,000$47,476,000$55,058,000$21,948,000$26,068,000$47,508,000$55,065,000$28,008,000$28,792,000$26,816,000$26,455,000$7,091,000$20,264,000$31,827,000$27,200,000$(8,763,000$)4,032,000$(3,547,000$)22,370,000$1,081,000$2,490,000$12,194,000$14,284,000$(4,401,000$)(7,371,000$)13,437,000$9,746,000$(10,913,000$)5,986,000$15,348,000$14,194,000$1,016,000$8,100,000$4,368,000$7,879,000$(8,384,000$)2,498,000$7,359,000$8,010,000$
Net Income34,145,000$94,037,000$156,500,000$144,091,000$76,788,000$82,289,000$131,174,000$162,322,000$95,479,000$106,880,000$137,027,000$173,905,000$86,312,000$83,182,000$153,377,000$188,482,000$47,129,000$74,462,000$76,312,000$77,123,000$20,776,000$54,041,000$80,605,000$70,668,000$3,533,000$23,659,000$8,462,000$(227,451,000$)1,893,000$16,550,000$29,372,000$33,651,000$(4,856,000$)33,215,000$17,959,000$18,474,000$(18,052,000$)10,258,000$24,281,000$19,421,000$(14,057,000$)8,443,000$16,171,000$12,782,000$(14,586,000$)(3,269,000$)18,081,000$6,401,000$
Profit Margin5.05%13.56%18.40%17.36%12.47%11.92%16.76%19.91%14.60%16.14%17.56%22.35%13.98%12.70%17.35%20.62%6.95%10.41%10.80%11.52%4.68%11.12%14.81%13.89%.95%6.01%1.71%(54.98%).70%5.20%7.23%8.68%(1.94%)10.35%4.48%5.16%(7.39%)3.48%6.73%5.43%(5.73%)2.70%4.22%3.66%1.49%(1.17%)4.93%1.96%
TTM14.06%15.77%15.39%14.88%15.58%16.02%17.02%17.23%17.86%17.76%16.97%16.93%16.65%15.08%14.52%12.82%9.93%9.81%9.90%10.85%11.40%10.94%9.82%6.01%(11.46%)(12.28%)(13.37%)(12.74%)5.88%5.48%6.69%5.88%4.87%3.90%2.21%2.78%2.86%3.17%2.98%2.31%1.81%35.53%35.53%88.96%(82.15%).89%1.77%(.47%)
Earnings to Minority1,245,000$411,000$483,000$169,000$(369,000$)1,058,000$792,000$920,000$657,000$1,241,000$1,225,000$253,000$419,000$1,142,000$1,370,000$1,336,000$822,000$784,000$953,000$1,136,000$1,022,000$267,000$369,000$202,000$1,228,000$371,000$873,000$(1,095,000$)883,000$738,000$702,000$1,371,000$847,000$1,110,000$96,000$732,000$58,000$1,205,000$547,000$1,148,000$1,034,000$(189,000$)3,582,000$1,088,000$(6,545,000$)1,372,000$2,153,000$875,000$
Earnings to Common Shareholders32,900,000$93,626,000$156,017,000$143,922,000$77,157,000$81,231,000$130,382,000$161,402,000$94,822,000$105,639,000$135,802,000$173,652,000$85,893,000$82,040,000$152,007,000$187,146,000$40,011,000$62,864,000$63,229,000$63,419,000$16,596,000$44,688,000$66,147,000$57,856,000$626,000$19,129,000$6,026,000$(233,525,000$)965,000$14,293,000$25,867,000$29,056,000$(5,074,000$)28,871,000$15,980,000$15,805,000$11,066,000$7,712,000$20,875,000$15,932,000$(10,678,000$)6,813,000$9,452,000$10,348,000$(8,041,000$)(4,948,000$)20,553,000$(12,884,000$)
QoQ%(64.86%)(39.99%)8.40%86.53%(5.02%)(37.70%)(19.22%)70.22%(10.24%)(22.21%)(21.80%)102.17%4.70%(46.03%)(18.78%)367.74%(36.35%)(.58%)(.30%)282.13%(62.86%)(32.44%)14.33%9,142.17%(96.73%)217.44%102.58%(24,299.48%)(93.25%)(44.74%)(10.98%)672.65%(117.58%)80.67%1.11%195.50%43.49%(63.06%)31.03%249.20%(256.73%)(27.92%)(8.66%)228.69%(62.51%)(124.07%)259.52%42.20%
YoY%(57.36%)15.26%19.66%(10.83%)(18.63%)(23.11%)(3.99%)(7.05%)10.40%28.77%(10.66%)(7.21%)114.67%30.50%140.41%195.10%141.09%40.67%(4.41%)9.62%2,551.12%133.61%997.69%124.78%(35.13%)33.84%(76.70%)(903.71%)119.02%(50.49%)61.87%83.84%69.34%274.37%(23.45%)(.80%)203.63%13.20%120.85%53.96%(32.79%)237.69%(54.01%)180.32%63.93%49.46%102.91%(229.02%)
Earnings Per Share, Basic0.42$1.20$2.01$1.85$0.99$1.05$1.68$2.08$1.22$1.36$1.73$2.20$1.07$1.00$1.82$2.25$0.56$0.88$0.90$0.89$0.23$0.63$0.95$0.83$0.01$0.28$0.10$(4.06$)0.02$0.25$0.45$0.51$(0.09$)0.52$0.29$0.29$0.19$0.14$0.38$0.29$(0.20$)0.13$0.18$0.19$(0.15$)(0.09$)0.40$(0.27$)
Earnings Per Share, Diluted0.42$1.19$1.99$1.84$0.99$1.04$1.67$2.06$1.21$1.34$1.71$2.18$1.05$0.99$1.80$2.22$0.54$0.86$0.88$0.87$0.22$0.62$0.93$0.83$0.01$0.28$0.10$(4.06$)0.02$0.25$0.45$0.51$(0.09$)0.51$0.29$0.28$0.18$0.14$0.38$0.29$(0.19$)0.12$0.17$0.19$(0.17$)(0.09$)0.36$(0.27$)
Unlevered FCF Per Share, Basic(0.17$)2.36$2.27$2.86$(0.07$)1.75$1.45$1.62$(0.38$)2.41$2.22$2.56$0.09$2.10$1.77$2.57$0.45$0.88$(0.68$)1.10$(0.25$)1.90$1.92$1.78$(0.17$)1.52$1.54$0.92$(0.15$)1.36$0.63$0.05$(0.15$)1.83$0.65$(0.62$)0.47$(0.55$)0.49$(0.55$)
Unlevered FCF Per Share, Diluted(0.17$)2.34$2.25$2.85$(0.07$)1.74$1.44$1.61$(0.38$)2.39$2.20$2.54$0.09$2.07$1.75$2.53$0.44$0.86$(0.66$)1.08$(0.24$)1.87$1.89$1.76$(0.17$)1.50$1.53$0.92$(0.15$)1.35$0.62$0.05$(0.15$)1.81$0.64$(0.62$)0.46$(0.54$)0.45$(0.55$)
Average Shares, Basic77,816,00077,815,00077,752,00077,641,00077,574,00077,540,00077,542,00077,540,00077,637,00077,857,00078,606,00078,908,00080,583,00082,067,00083,466,00083,144,00071,839,00071,267,00070,464,00071,534,00070,947,00070,450,00069,843,00069,380,00068,974,00068,508,00060,222,00057,576,00057,397,00057,180,00056,929,00056,594,00056,295,00055,917,00055,269,00055,303,00059,727,00054,557,00054,429,00054,071,00054,274,00054,133,00053,882,00053,623,00053,336,00052,986,00051,518,00047,536,000
Average Shares, Diluted78,653,00078,447,00078,310,00078,122,00078,245,00078,115,00078,110,00078,282,00078,541,00078,586,00079,307,00079,634,00081,470,00082,987,00084,498,00084,389,00073,807,00072,789,00071,924,00073,124,00073,797,00071,586,00070,755,00070,126,00067,530,00069,298,00060,876,00057,576,00058,043,00057,685,00057,558,00057,158,00056,974,00056,459,00055,893,00056,010,00059,965,00055,167,00055,276,00054,928,00056,399,00054,527,00054,282,00055,000,00048,377,00052,986,00056,477,00047,536,000
EBIT64,577,000$145,322,000$231,307,000$212,451,000$121,949,000$131,656,000$194,332,000$233,331,000$143,034,000$158,038,000$205,543,000$249,000,000$127,971,000$128,612,000$217,190,000$253,509,000$83,129,000$111,293,000$111,359,000$111,280,000$35,411,000$83,128,000$121,725,000$107,665,000$5,323,000$40,981,000$57,044,000$(200,251,000$)7,434,000$24,269,000$46,655,000$51,870,000$(5,380,000$)28,162,000$36,971,000$32,451,000$(23,135,000$)21,948,000$44,990,000$38,495,000$(778,000$)21,527,000$24,168,000$24,593,000$(16,163,000$)4,848,000$30,546,000$20,124,000$
EBITDA124,395,000$196,844,000$286,000,000$262,679,000$171,559,000$179,422,000$239,139,000$274,429,000$185,923,000$196,091,000$242,264,000$286,240,000$165,774,000$164,458,000$253,112,000$289,087,000$121,250,000$129,335,000$128,609,000$128,812,000$52,501,000$99,560,000$138,188,000$124,088,000$22,131,000$57,006,000$72,752,000$(186,567,000$)23,260,000$38,535,000$61,009,000$69,697,000$13,830,000$46,014,000$56,691,000$50,672,000$(4,845,000$)39,977,000$63,000,000$56,521,000$16,924,000$38,829,000$41,535,000$41,978,000$(16,163,000$)20,966,000$46,920,000$36,150,000$