Advanced Drainage Systems Inc

WMS

$135.43

-0.80%

Advanced Drainage Systems Inc

Advanced Drainage Systems Inc is a Building company listed on NEW YORK STOCK EXCHANGE, INC..

Industry

Building

Exchange

NEW YORK STOCK EXCHANGE, INC.

Market Cap

$9.8B

P/E Ratio

22.8

Cash on Hand

$231M(positive)

Shares Outstanding

75.4M shares

Currency

USD

Visit website →

About

Advanced Drainage Systems, Inc. (ADS) is an American company that designs, manufactures and markets polypropylene and polyethylene pipes, plastic leach field chambers and systems, septic tanks and accessories, storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water filters and water separators. It is the largest maker of high-density polyethylene pipe in the United States. It is headquartered in Hilliard, Ohio. In 2020, 93% of the company's sales were in the United States and 6% were in Canada.

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Earnings (EPS)

QuarterEPS EstimateEPS Actual

Q1 2027$2.13$2.49

Q4 2026$0.96$1.07

Q3 2026$1.12$1.27

Q2 2026$1.68$1.97

Financial Highlights

The basics, explained simply — no finance degree required.

52-Week Range

$122.84 – $179.31

The lowest and highest price this stock has traded at over the past year.

Dividend Yield

0.51%

How much this stock pays you back each year, just for holding it — as a % of the share price.

Profit Margin

14.0%

How much of every $1 in sales turns into actual profit. Higher generally means a healthier business.

Revenue Growth

+10.4%

How much the company's sales grew compared to a year ago.

Volatility (Beta)

1.35

How much this stock tends to swing compared to the overall market. Above 1 means it typically moves more than the market (higher risk, higher potential reward); below 1 means it's historically calmer.

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Analyst Insights

Analyst Consensus

Buy

Based on 17 analysts

Next Earnings

Nov 5, 2026

Earnings calendar →

Similar Companies

CARR MAS CSL LII MAIR

Insider Activity

Recent buys and sells by company executives and directors — publicly disclosed, as required by law.

EVERSOLE ROBERT M

Sep 1, 2026

Sold 2,386

EVERSOLE ROBERT M

Sep 1, 2026

Bought 2,386

Coyle Patrick M. Jr

Sep 1, 2026 • $130.75/share

Sold 26

BARBOUR D. SCOTT

Aug 20, 2026

Sold 2,000

PEREZ DE LA MESA MANUEL J

Jul 16, 2026

Bought 1,782

CHAIBI ANESA

Jul 16, 2026

Bought 1,110

Latest SEC Filings

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Advanced Drainage Systems Inc

WMS

$135.43

-0.80%

Advanced Drainage Systems Inc

Advanced Drainage Systems Inc is a Building company listed on NEW YORK STOCK EXCHANGE, INC..

Industry

Building

Exchange

NEW YORK STOCK EXCHANGE, INC.

Market Cap

$9.8B

P/E Ratio

22.8

Cash on Hand

$231M(positive)

Shares Outstanding

75.4M shares

Currency

USD

Visit website →

About

via Wikipedia →

Earnings (EPS)

QuarterEPS EstimateEPS Actual

Q1 2027$2.13$2.49

Q4 2026$0.96$1.07

Q3 2026$1.12$1.27

Q2 2026$1.68$1.97

Financial Highlights

The basics, explained simply — no finance degree required.

52-Week Range

$122.84 – $179.31

The lowest and highest price this stock has traded at over the past year.

Dividend Yield

0.51%

How much this stock pays you back each year, just for holding it — as a % of the share price.

Profit Margin

14.0%

How much of every $1 in sales turns into actual profit. Higher generally means a healthier business.

Revenue Growth

+10.4%

How much the company's sales grew compared to a year ago.

Volatility (Beta)

1.35

Company Intelligence

Annual figures from the company's own SEC filings. Tap any number to open the filing it came from.

Revenue

Growth = this year ÷ prior year − 1

Mar 2026: $3.1B+5.0%
Mar 2025: $2.9B+1.0%
Mar 2024: $2.9B-6.4%
Mar 2023: $3.1B+10.9%

Operating income

Margin = operating income ÷ revenue

Mar 2026: $619M20.3% margin
Mar 2025: $657M22.6% margin
Mar 2024: $732M25.5% margin
Mar 2023: $719M23.4% margin

Net income

Margin = net income ÷ revenue

Mar 2026: $426M14.0% margin
Mar 2025: $450M15.5% margin
Mar 2024: $510M17.7% margin
Mar 2023: $507M16.5% margin

Operating cash flow

Cash the business generated, vs net income above

Mar 2026: $819M
Mar 2025: $581M
Mar 2024: $718M
Mar 2023: $708M

Cash vs long-term debt

Cash − long-term debt. Excludes short-term borrowings and leases

Mar 2026: —
Mar 2025: -$788M$463M cash · $1.3B debt
Mar 2024: -$769M$490M cash · $1.3B debt
Mar 2023: -$1.1B$217M cash · $1.3B debt

Shares (weighted avg.)

Change = this year ÷ prior year − 1

Mar 2026: 78M+0.3%
Mar 2025: 78M-0.9%
Mar 2024: 78M-4.9%
Mar 2023: 82M+15.5%

Fiscal year ending	Mar 2026	Mar 2025	Mar 2024	Mar 2023
RevenueGrowth = this year ÷ prior year − 1	$3.1B+5.0%	$2.9B+1.0%	$2.9B-6.4%	$3.1B+10.9%
Operating incomeMargin = operating income ÷ revenue	$619M20.3% margin	$657M22.6% margin	$732M25.5% margin	$719M23.4% margin
Net incomeMargin = net income ÷ revenue	$426M14.0% margin	$450M15.5% margin	$510M17.7% margin	$507M16.5% margin
Operating cash flowCash the business generated, vs net income above	$819M	$581M	$718M	$708M
Cash vs long-term debtCash − long-term debt. Excludes short-term borrowings and leases	—	-$788M$463M cash · $1.3B debt	-$769M$490M cash · $1.3B debt	-$1.1B$217M cash · $1.3B debt
Shares (weighted avg.)Change = this year ÷ prior year − 1	78M+0.3%	78M-0.9%	78M-4.9%	82M+15.5%

What the numbers show

Operating cash flow was at or above net income in all 4 profitable years shown.
Revenue fell in 1 of the last 4 fiscal years shown (Mar 2024).
Operating margin was 23.4% in Mar 2023 and 20.3% in Mar 2026.
Weighted average shares decreased 5.5% between Mar 2023 and Mar 2026.

Worth a closer look

Automatic checks on the figures above. A flag is a pattern to investigate, not a finding of wrongdoing, and each one lists ordinary explanations for it.

Operating margin shrinking

Operating margin fell from 25.5% in Mar 2024 to 22.6% in Mar 2025 and 20.3% in Mar 2026.

Operating income	Mar 2026	$619M
Revenue	Mar 2026	$3.1B
Operating income	Mar 2025	$657M
Revenue	Mar 2025	$2.9B
Operating income	Mar 2024	$732M
Revenue	Mar 2024	$2.9B

How it's calculated: Operating margin = operating income ÷ revenue, for each year.

Rule: Operating margin lower in each of the last two years, down 3 percentage points or more in total.

Why it matters, and ordinary explanations

Why it can matter: A margin that keeps shrinking can mean costs are rising faster than prices, or that the company is losing pricing power.

Common innocent explanations: Deliberate investment in growth, a shift in the mix of products, or one-off charges that depress a single year.

See every flagged company in Market Watch →

Rules checked

Revenue up, operating cash flow down — not triggered. Revenue up 5% or more in the latest year while operating cash flow fell 10% or more.
Profit not matched by cash — not triggered. Net income positive, but operating cash flow below 70% of net income in each of the last two fiscal years.
Receivables growing faster than revenue — not run. Not enough comparable annual figures reported to run this check.
Share count rising — not triggered. Weighted average shares up 5% or more in a year, or 10% or more over three years.
Operating margin shrinking — flagged. Operating margin lower in each of the last two years, down 3 percentage points or more in total.

Source: SEC EDGAR annual reports (Form 10-K), latest filed 2026-05-21. If a company later restates a year, the most recent filing is used. Dashes mean the company did not report that line in a form we could read. For information only, not investment advice.

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Analyst Insights

Analyst Consensus

Buy

Based on 17 analysts

Next Earnings

Nov 5, 2026

Earnings calendar →

Similar Companies

CARR MAS CSL LII MAIR

Insider Activity

Recent buys and sells by company executives and directors — publicly disclosed, as required by law.

EVERSOLE ROBERT M

Sep 1, 2026

Sold 2,386

EVERSOLE ROBERT M

Sep 1, 2026

Bought 2,386

Coyle Patrick M. Jr

Sep 1, 2026 • $130.75/share

Sold 26

BARBOUR D. SCOTT

Aug 20, 2026

Sold 2,000

PEREZ DE LA MESA MANUEL J

Jul 16, 2026

Bought 1,782

CHAIBI ANESA

Jul 16, 2026

Bought 1,110

Latest SEC Filings

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