Advanced Drainage Systems Financial Statements
NYSE: WMSConsumer DiscretionaryContainers/PackagingUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Advanced Drainage Systems revenue and earnings
In fiscal 2026, Advanced Drainage Systems generated $3.05 billion in revenue, up 5.0% from fiscal 2025, its 2nd consecutive year of revenue growth. Net income was $426.5 million (-5.3% year over year), for a net margin of 14.0% versus a median of 15.5% in the prior 5 years. Gross margin was 38.3% (up from 37.7%) and operating margin 20.3%.
Diluted earnings per share came in at $5.44, down from $5.76. Over the last 5 fiscal years, WMS's revenue has grown at a 9.0% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Advanced Drainage Systems income statement (annual)
| Fiscal year (USD) | FY 20262026-03-31 | FY 20252025-03-31 | FY 20242024-03-31 | FY 20232023-03-31 | FY 20222022-03-31 | FY 20212021-03-31 | FY 20202020-03-31 | FY 20192019-03-31 | FY 20182018-03-31 | FY 20172017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.05B | 2.90B | 2.87B | 3.07B | 2.77B | 1.98B | 1.67B | 1.38B | 1.33B | 1.26B |
| Revenue growth (YoY) | +5.03% | +1.04% | -6.40% | +10.90% | +39.67% | +18.46% | +20.88% | +4.09% | +5.81% | -2.59% |
| Cost of Revenue | — | — | — | — | — | — | — | 1.06B | 1.03B | 961.45M |
| Gross Profit | 1.17B | 1.09B | 1.15B | 1.12B | 800.38M | 690.08M | 316.48M | 326.97M | 302.48M | 295.81M |
| Operating Expenses | 548.18M | 436.81M | 413.82M | 399.10M | 388.47M | 345.56M | 411.83M | 197.55M | 214.23M | 219.48M |
| Selling, General & Admin | — | — | — | — | — | 267.57M | 271.34M | 186.03M | 191.16M | 202.43M |
| Operating Income | 619.20M | 657.44M | 732.13M | 719.31M | 411.92M | 344.52M | -95.35M | 129.41M | 88.25M | 76.33M |
| Other Income (Expense) | 34.45M | 23.83M | 23.48M | 7.97M | 5.14M | 3.40M | -1.55M | 815.00K | 3.95M | 5.97M |
| Pretax Income | 559.79M | 589.47M | 666.75M | 657.10M | 383.51M | 312.27M | -179.61M | 111.61M | 76.94M | 64.83M |
| Income Tax | 134.99M | 141.06M | 159.00M | 150.59M | 110.07M | 86.38M | 14.09M | 30.05M | 11.41M | 24.61M |
| Net Income | 426.46M | 450.17M | 509.92M | 507.09M | 271.33M | 224.23M | -193.17M | 77.77M | 62.01M | 62.01M |
| Net Income growth (YoY) | -5.27% | -11.72% | +0.56% | +86.89% | +21.01% | — | -348.39% | +25.42% | 0.00% | +147.51% |
| EPS (Basic) | 5.48 | 5.81 | 6.52 | 6.16 | 3.22 | 2.64 | -3.21 | 1.23 | 1.00 | 1.00 |
| EPS (Diluted) | 5.44 | 5.76 | 6.45 | 6.08 | 3.15 | 2.59 | -3.21 | 1.22 | 0.99 | 0.99 |
| Shares Outstanding (Basic) | 77.76M | 77.55M | 78.25M | 82.31M | 71.28M | 70.16M | 63.82M | 57.02M | 55.70M | 55.70M |
| Shares Outstanding (Diluted) | 78.38M | 78.19M | 79.02M | 83.34M | 72.91M | 71.57M | 63.82M | 57.61M | 56.33M | 56.33M |
| EBITDA | 835.46M | 840.72M | 887.03M | 864.46M | 553.73M | 410.93M | -33.12M | 188.58M | 150.37M | 148.68M |
| Gross Margin | 38.27% | 37.68% | 39.87% | 36.42% | 28.90% | 34.80% | 18.91% | 23.61% | 22.74% | 23.53% |
| Operating Margin | 20.30% | 22.64% | 25.47% | 23.42% | 14.87% | 17.38% | -5.70% | 9.35% | 6.63% | 6.07% |
| Net Margin | 13.98% | 15.50% | 17.74% | 16.51% | 9.80% | 11.31% | -11.54% | 5.62% | 4.66% | 4.93% |
This table shows 10 annual periods of Advanced Drainage Systems's income statement, from FY 2026 back to FY 2017, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow WMS's reporting calendar. What is a income statement?