stockrowAdvanced Drainage Systems, Inc.
WMS Industrials Building Products & Equipment
Advanced Drainage Systems, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $3.1 billion, up 5.03% from fiscal 2025.
- Revenue
- +4.59%
- EPS
- −26.9%
- Free cash flow
- −8.28%
- Total debt
- +24.6%
Quarter to September 2026, against a year earlier
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Advanced Drainage Systems, Inc. 10-Q filed Nov 5, 2026
Red flags
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Inventory outpacing revenue
Inventory grew 33.0% while revenue grew 4.6% year over year
What changed
Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Aug 6, 2026: 19 added · 19 modified; 19 with only figures updated
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Modified
The following discussion and analysis of the financial condition and results of our operations should be read in conjunction with our Condensed Consolidated Financial Statements and related footnotes included elsewhere in this Form 10-Q and with the audited Consolidated Financial Statements included in our Fiscal 2026 Form 10-K, as filed with the Securities and Exchange Commission (the “SEC”) on May 21, 2026. In addition to historical condensed consolidated financial information, the following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. This discussion contains forward-looking statements that are based on the beliefs of our management, as well as assumptions made by, and information currently available to, our management.
Our actual results could differ materially from those discussed in the forward-looking statements.For more information, see the section entitled “Forward-Looking Statements.”