Saturday 17 October 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. In the quarter to June 2026, revenue grew 20.6%, EPS grew 18.9%, free cash flow fell 8.28% and total debt rose 23.8%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.

127.86 0.63 −0.49%

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Market cap: $9.7B
P/E: 21.9×
Fwd P/E: 21.2×
Dividend yield: 0.59%
F-score: 4/9
Altman Z: 4.34
Beneish M: −2.67
Dividend safety: 85/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 14.84

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	4	1	—	—	—	—	—	—	—	—	—	—

Insider Ownership 8.58%

Capital & Financial Ratios $m

Market Cap 9,690.00

Revenue 3,221.61

Net Income 455.60

Free Cash Flow 550.88

Net Debt 1,565.23

Current Ratio 2.12

Debt/Equity 0.95

P/E ratio 21.93

Fwd P/E 21.20

P/S ratio 3.04

P/B ratio 5.38

Past 5Y EPS Growth 16.00%

This Y EPS Growth (0.40%)

Next Y EPS Growth 18.37%

Next Y revenue growth 13.33%

Next 5Y EPS Growth 12.13%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 23.93%

10-year low 10-year high

P/S against its own 10 years 59.01%

10-year low 10-year high

P/B against its own 10 years 6.68%

10-year low 10-year high

EV/Sales against its own 10 years 63.58%

10-year low 10-year high

EV/FCF against its own 10 years 51.20%

10-year low 10-year high

Dividends

Payout Ratio 0.13

Annual Dividend Rate 0.76

Annual Dividend Yield 0.59%

	total	individual payouts
2029	Powerpack
2028	Powerpack
2027	Powerpack
2026	0.72	0.18 0.20 0.20
2025	0.70	0.16 0.18 0.18 0.18
2024	0.62	0.14 0.16 0.16 0.16
2023	0.54	0.12 0.14 0.14 0.14
2022	0.47	0.11 0.12 0.12 0.12
2021	0.42	0.09 0.11 0.11 0.11
2020	0.36	0.09 0.09 0.09 0.09
2019	0.35	0.08 0.09 0.09 0.09
2018	0.31	0.07 0.08 0.08 0.08
2017	0.27	0.06 0.07 0.07 0.07
2016	0.23	0.05 0.06 0.06 0.06

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2024	2025	2026	Q'26
Cash	490	463	223	162
Receivables	324	333	391	459
Inventory	464	488	543	549
Other	22	40	74	72
	1,300	1,325	1,231	1,241

	2024	2025	2026	Q'26
Payables	254	218	238	298
ST’ Debt	12	10	6	8
Other	—	—	15	12
	440	398	509	586

Compound Annual Growth %

	10y	5y	3y
Sales	8.98%	9.00%	(0.23%)
Cash Flow	19.73%	12.61%	4.99%
Earnings	34.88%	18.13%	(5.61%)
Book Value	19.88%	12.10%	30.77%

Revenue $m

	Jun	Sep	Dec	Mar	Year
’26	1,001	—	—	—	—
’26	830	850	693	677	3,050
’25	815	783	691	616	2,904
’24	778	780	662	654	2,874
’23	914	884	655	618	3,071
’22	669	706	715	678	2,769
’21	509	544	486	444	1,983

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Jun	Sep	Dec	Mar	Year
’26	260	—	—	—	—
’26	275	235	269	40	819
’25	183	167	190	41	581
’24	244	215	241	18	718
’23	250	187	223	47	708
’22	104	(9)	99	81	275
’21	134	152	163	3	452

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Jun	Sep	Dec	Mar	Year
’26	204	—	—	—	—
’26	222	203	189	(45)	569
’25	126	113	136	(6)	369
’24	222	174	188	(50)	534
’23	214	148	172	7	541
’22	79	(48)	62	32	126
’21	123	134	134	(18)	373

Fiscal quarters ending in the months shown.

EPS $

	Jun	Sep	Dec	Mar	Year
’26	2.19	—	—	—	—
’26	1.84	1.99	1.19	0.42	5.44
’25	2.06	1.67	1.04	0.99	5.76
’24	2.18	1.71	1.34	1.21	6.45
’23	2.22	1.80	0.99	1.06	6.08
’22	0.87	0.88	0.86	0.54	3.15
’21	0.83	0.93	0.62	0.23	2.59

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	17.90	21.70	23.83	22.13	80.35	79.90	75.02	113.10	93.92	122.84	Analyst estimates 2027–2029 Powerpack
	High	26.30	33.50	40.16	84.37	138.02	153.36	145.68	184.27	155.39	179.32
People
People	Employees	4,500	4,400	4,400	4,950	5,000	5,635	5,870	5,705	6,000	6,425
	Revenue/emp, $m	0.28	0.30	0.31	0.34	0.40	0.49	0.52	0.50	0.48	0.47
Income, $m
Income, $m	Revenue	1,257	1,330	1,385	1,674	1,983	2,769	3,071	2,874	2,904	3,050
	Gross margin, %	23.53	22.74	23.61	18.91	34.80	28.90	36.42	39.87	37.68	38.27
	EBT	65	77	112	(180)	312	384	657	667	589	560
	EBT margin, %	5.16	5.78	8.06	(10.73)	15.75	13.85	21.40	23.20	20.30	18.35
	Net income	36	65	81	(192)	226	275	511	513	453	429
	Depreciation	74	76	73	159	146	142	147	157	185	218
Per share, $
Per share, $	Revenue	22.89	23.89	24.28	26.23	28.26	38.85	37.31	36.73	37.45	39.23
	Earnings	0.51	1.00	1.23	(3.21)	2.64	3.22	6.16	6.52	5.81	5.48
	Cash flow	1.90	2.46	2.66	4.80	6.45	3.86	8.60	9.17	7.50	10.53
	Capex	(0.93)	(0.75)	(0.76)	(1.06)	(1.12)	(2.09)	(2.03)	(2.35)	(2.75)	(3.21)
	Free cash flow	0.96	1.71	1.90	3.74	5.32	1.77	6.57	6.83	4.75	7.32
	Book value	6.23	7.64	8.78	12.29	15.16	15.50	10.22	14.98	19.90	24.21
	Shares, m	55	56	57	64	70	71	82	78	78	78
Valuation, ×
Valuation, ×	P/E	38.42	25.00	21.52	0.00	39.16	36.90	13.72	26.18	18.73	25.02
	P/S	0.96	1.04	1.08	1.12	3.66	3.06	2.26	4.64	2.90	3.50
	P/B	30.53	10.28	6.87	3.65	8.82	9.31	8.24	11.38	5.46	5.66
	EV/Sales	1.28	1.29	1.29	1.70	3.97	3.39	2.62	4.93	3.22	3.99
	EV/FCF	30.29	18.01	16.48	11.93	21.10	74.62	14.85	26.54	25.38	21.38
Cash, $m
Cash, $m	Operating cash flow	104	137	152	306	452	275	708	718	581	819
	Capex	(51)	(42)	(43)	(68)	(79)	(149)	(167)	(184)	(213)	(250)
	Free cash flow	53	95	108	239	373	126	541	534	369	569
Balance, $m
Balance, $m	Working capital	185	237	260	428	425	481	639	860	926	721
	Total debt	407	358	296	1,142	822	940	1,316	1,333	1,393	1,734
	Net debt	401	340	287	968	627	919	1,099	843	929	1,511
	Shareholders’ equity	342	425	501	785	1,063	1,105	842	1,172	1,543	1,882
Returns, %
Returns, %	ROA	2.68	5.32	6.73	(12.00)	7.75	9.07	18.27	16.53	12.94	10.41
	ROIC	6.42	7.21	10.27	(3.40)	12.74	12.72	23.16	22.71	16.62	11.41
	ROE	154.45	64.08	39.87	(55.85)	27.72	26.50	57.91	50.64	33.16	24.90

Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MAS Masco Corporation	$14.3B	16.8×	16.5×	−2.88% (below 0%: shrinking)	+25.00% (above 0%: growing)	+67.78% (above 0%: growing)	43.57%	23.64%	Compare
CSL Carlisle Companies Incorporated	$13.3B	19.0×	18.5×	+8.33% (above 0%: growing)	+6.75% (above 0%: growing)	−22.53% (below 0%: shrinking)	36.20%	22.45%	Compare
LII Lennox International, Inc.	$12.4B	16.1×	20.8×	+2.96% (above 0%: growing)	−1.40% (below 0%: shrinking)	+133.39% (above 0%: growing)	34.91%	22.97%	Compare
WMS Advanced Drainage Systems, Inc.	$9.7B	21.9×	21.2×	+20.63% (above 0%: growing)	+18.92% (above 0%: growing)	−8.28% (below 0%: shrinking)	40.76%	25.43%
OC Owens Corning Inc	$9.0B	— (loss-making)	13.4×	+0.33% (above 0%: growing)	−34.19% (below 0%: shrinking)	+61.87% (above 0%: growing)	28.77%	17.49%	Compare
SPXC SPX Technologies, Inc.	$8.4B	29.5×	34.3×	+22.92% (above 0%: growing)	+40.18% (above 0%: growing)	+96.84% (above 0%: growing)	40.18%	16.94%	Compare
AWI Armstrong World Industries, Inc.	$7.0B	23.0×	19.3×	+11.16% (above 0%: growing)	+12.44% (above 0%: growing)	+13.13% (above 0%: growing)	41.31%	28.35%	Compare
AAON AAON, Inc.	$6.4B	37.8×	57.5×	+101.23% (above 0%: growing)	+263.16% (above 0%: growing)	+52.96% (above 0%: growing)	24.32%	10.99%	Compare
BLDR Builders FirstSource, Inc.	$5.8B	59.4×	34.1×	−8.77% (below 0%: shrinking)	n/m	−87.35% (below 0%: shrinking)	28.14%	3.33%	Compare
Median of peers	$8.7B	23.0×	20.1×	+5.65%	+12.44%	+57.41%	35.56%	19.97%

All 35 Building Products & Equipment stocks →