Friday 6 November 2026
Export WMS’s income statement to Excel — free account
Advanced 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
123.42
20.65
−14.33%
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Advanced Drainage Systems, Inc. (WMS) revenue by segment, product and region
Where the money comes from and where it goes
| Stormwater | 2,434 | 79.79% |
|---|---|---|
| Wastewater | 715 | 23.42% |
| Gross margin | 38.27% | |
| Operating margin | 20.30% | |
| Pre-tax margin | 18.35% |
Revenue by segment $m
| Line | FY2026 | FY2025 | FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Stormwater | 2,434 79.79% | 2,362 81.33% | 2,392 83.22% | — | — | — | — | — |
| Wastewater | 715 23.42% | 630 21.69% | 567 19.71% | 461 16.63% | 329 16.60% | 169 10.12% | — | — |
| Pipe | — | — | — | 1,555 56.16% | 1,059 53.42% | 955 57.03% | 869 62.74% | 845 63.51% |
| Allied Products & Other | — | — | — | 569 20.56% | 442 22.31% | 403 24.09% | 355 25.66% | 330 24.77% |
| International | — | — | — | 205 7.41% | 158 7.98% | 149 8.88% | 161 11.60% | 156 11.72% |
| Eliminations | (98) (3.21%) | (88) (3.02%) | (84) (2.93%) | (21) (0.76%) | — | — | — | — |
| Revenue | 3,050 | 2,904 | 2,874 | 2,769 | 1,983 | 1,674 | 1,385 | 1,330 |
Revenue by region $m
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|
| United States | 2,858 93.68% | 2,710 93.30% | 2,667 92.77% | 2,851 92.84% | — | — | — | — | — |
| Canada | 119 3.91% | 119 4.11% | 126 4.39% | 135 4.38% | — | — | — | — | — |
| Other | 74 2.41% | 75 2.59% | 82 2.84% | 85 2.78% | 23 0.82% | 16 0.80% | 19 1.11% | 18 1.32% | 16 1.24% |
| North America | — | — | — | — | 2,747 99.18% | 1,967 99.20% | 1,655 98.89% | 1,366 98.68% | 1,314 98.76% |
| Revenue | 3,050 | 2,904 | 2,874 | 3,071 | 2,769 | 1,983 | 1,674 | 1,385 | 1,330 |