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%
Market cap
$9.3B
P/E
23.3×
Fwd P/E
21.8×
Dividend yield
0.62%
F-score
4/9
Altman Z
4.34
Beneish M
−2.67
Dividend safety
85/100

Advanced Drainage Systems, Inc. (WMS) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2026: revenue by segment, and margins
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 2,362 2,392 — — — — —
Wastewater 715 630 567 461 329 169 — —
Pipe — — — 1,555 1,059 955 869 845
Allied Products & Other — — — 569 442 403 355 330
International — — — 205 158 149 161 156
Eliminations (98) (88) (84) (21) — — — —
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 2,710 2,667 2,851 — — — — —
Canada 119 119 126 135 — — — — —
Other 74 75 82 85 23 16 19 18 16
North America — — — — 2,747 1,967 1,655 1,366 1,314
Revenue 3,050 2,904 2,874 3,071 2,769 1,983 1,674 1,385 1,330

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.