Advanced Drainage Systems Quarterly Income Statement
NYSE: WMSIndustrialsBuilding Products & EquipmentUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Advanced Drainage Systems revenue and earnings
In the quarter ended Jun 30, 2026, Advanced Drainage Systems generated $1.00 billion in revenue, up 20.6% from the same quarter a year earlier. Net income was $168.5 million (+17.1% year over year), for a net margin of 16.8% versus a median of 13.5% in the prior 5 quarters. Gross margin was 40.8% (up from 39.8%) and operating margin 25.4%.
Diluted earnings per share came in at $2.19, up from $1.84.
Summary generated from market data by MetaCap's automated system. Methodology
Advanced Drainage Systems income statement (quarterly)
| Quarter (USD) | Q1 20272026-06-30 | Q4 20262026-03-31 | Q3 20252025-12-31 | Q2 20252025-09-30 | Q1 20252025-06-30 | Q4 20252025-03-31 | Q3 20252024-12-31 | Q2 20252024-09-30 | Q1 20242024-06-30 | Q4 20242024-03-31 | Q3 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.00B | 676.76M | 693.35M | 850.38M | 829.88M | 615.76M | 690.54M | 782.61M | 815.34M | 653.84M | 662.37M | 780.22M |
| Revenue growth (YoY) | +20.63% | +9.91% | +0.41% | +8.66% | +1.78% | -5.82% | +4.25% | +0.31% | +4.79% | +5.87% | +1.10% | -11.76% |
| Gross Profit | 408.05M | 237.66M | 259.15M | 340.13M | 330.44M | 226.25M | 241.59M | 293.94M | 332.45M | 251.96M | 259.85M | 302.68M |
| Operating Expenses | 153.50M | 184.33M | 122.33M | 116.84M | 124.69M | 109.27M | 114.73M | 106.56M | 106.24M | 116.59M | 106.58M | 104.64M |
| Operating Income | 254.55M | 53.34M | 136.82M | 223.29M | 205.75M | 116.98M | 126.86M | 187.38M | 226.22M | 135.38M | 153.27M | 198.04M |
| Other Income (Expense) | 1.45M | 11.24M | 8.50M | 8.01M | 6.71M | 4.97M | 4.79M | 6.96M | 7.12M | 7.66M | 4.77M | 7.51M |
| Pretax Income | 228.96M | 39.43M | 122.74M | 208.19M | 189.42M | 99.22M | 108.56M | 171.18M | 210.51M | 120.16M | 135.71M | 183.60M |
| Income Tax | 53.69M | 5.36M | 30.56M | 52.40M | 46.67M | 23.17M | 27.09M | 40.92M | 49.89M | 26.33M | 30.13M | 47.48M |
| Net Income | 168.52M | 32.90M | 93.63M | 156.02M | 143.92M | 77.16M | 81.23M | 130.38M | 161.40M | 94.82M | 105.64M | 135.80M |
| Net Income growth (YoY) | +17.09% | -57.36% | +15.26% | +19.66% | -10.83% | -18.63% | -23.11% | -3.99% | -7.05% | +10.40% | +28.77% | -10.66% |
| EPS (Basic) | 2.20 | 0.42 | 1.20 | 2.01 | 1.85 | 1.00 | 1.05 | 1.68 | 2.08 | 1.23 | 1.36 | 1.73 |
| EPS (Diluted) | 2.19 | 0.42 | 1.19 | 1.99 | 1.84 | 0.99 | 1.04 | 1.67 | 2.06 | 1.22 | 1.34 | 1.71 |
| Shares Outstanding (Basic) | 76.53M | — | 77.81M | 77.75M | 77.64M | — | 77.54M | 77.54M | 77.54M | — | 77.86M | 78.61M |
| Shares Outstanding (Diluted) | 77.02M | — | 78.45M | 78.31M | 78.12M | — | 78.11M | 78.11M | 78.28M | — | 78.59M | 79.31M |
| EBITDA | 316.70M | 113.16M | 188.34M | 277.99M | 255.97M | 166.59M | 174.63M | 232.18M | 267.31M | 178.27M | 191.32M | 234.76M |
| Gross Margin | 40.76% | 35.12% | 37.38% | 40.00% | 39.82% | 36.74% | 34.99% | 37.56% | 40.78% | 38.54% | 39.23% | 38.79% |
| Operating Margin | 25.43% | 7.88% | 19.73% | 26.26% | 24.79% | 19.00% | 18.37% | 23.94% | 27.75% | 20.70% | 23.14% | 25.38% |
| Net Margin | 16.83% | 4.86% | 13.50% | 18.35% | 17.34% | 12.53% | 11.76% | 16.66% | 19.80% | 14.50% | 15.95% | 17.41% |
This table shows 12 quarterly periods of Advanced Drainage Systems's income statement, from Q1 2027 back to Q3 2023, 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?