What is Advanced Drainage Systems's market cap?

Advanced Drainage Systems (WMS) has a market capitalization of $10.9B and trades on NYSE.

What is Advanced Drainage Systems's revenue and profitability?

Advanced Drainage Systems generated $3.1B in trailing twelve-month revenue with net income of $426.5M, representing a net margin of 14.0%. Gross margin stands at 38.3%, with free cash flow of $582.4M. These figures are based on the Q1 2026 filing.

Who are Advanced Drainage Systems's competitors?

Advanced Drainage Systems's key competitors include Oldcastle Infrastructure, Xylem Inc, Shimmick Corporation Common Stock, and others. These companies compete in similar markets and product categories.

What subsidiaries does Advanced Drainage Systems have?

Advanced Drainage Systems's subsidiaries include Infiltrator Water Technologies, LLC, National Diversified Sales (NDS), Orenco Systems, Inc..

Where is Advanced Drainage Systems headquartered?

Advanced Drainage Systems is headquartered in United States of America and employs approximately 5,705 people. It has been publicly traded since 2014.

Advanced Drainage Systems

WMS

Advanced Drainage Systems is a leading manufacturer of innovative water management solutions specializing in the stormwater and onsite wastewater industries.

Market cap

$10.87B+19.4%

Revenue$3.1B+5.0%

Net income$426.5M-5.3%

Free cash flow$582.4M+55.8%

EPS (diluted)$5.44-5.6%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q4 2025 report

May 21, 2026

Revenue$676.8MBeat by $24.8M EPS$1.07Beat by $0.07

Read the full report

Next report

Aug 6, 2026 (In 1 week)

Revenue estimate$992.5M

EPS estimate$2.09

Financials

Q4 2025

Income statement

See full

Revenue$676.8M+9.9%

Gross profit$237.7M+5.0%

Operating income$53.3M-54.4%

Net income$32.9M-57.4%

EPS (diluted)$0.42-57.6%

Balance sheet

See full

Cash & equivalents$223.0M-52.5%

Total debt$1.8B+23.6%

Total equity$1.9B+21.8%

Total assets$4.5B+22.1%

Cash flow

See full

Operating cash flow$39.9M-3.2%

CapEx$53.0M+14.0%

Free cash flow-—

Valuation & ratios

Valuation

See full

Market cap$10.87B+19.4%

Enterprise value$12.49B+24.4%

P/E25.5×+4.1×

P/S3.6×+0.4×

Profitability

See full

Gross margin38.3%+0.6pp

Operating margin20.3%-2.3pp

Net margin14%-1.5pp

FCF margin19.1%+6.2pp

Returns & leverage

See full

Return on equity25.2%-8.4pp

Debt / equity1×0.0×

Current ratio2.4×-0.9×

Segments

By segment

See full

Stormwater$608.5M—

Wastewater$178.6M—

Competitors

By market cap

CRH$66.7B-0.9%

Xylem$28.5B-11.8%

Clean Harbors$16.1B+27.4%

Advanced Drainage Systems$10.9B+18.1%

Pentair$10.2B-39.9%

Select Water Solutions$2.5B+148%

Northwest Pipe$1.2B+198%

Shimmick Corporation$149.6M+103%

By revenue growth

Northwest Pipe+10.6%

CRH+6.3%

Advanced Drainage Systems+5.0%

Xylem+4.5%

Clean Harbors+1.9%

Pentair-2.2%

Select Water Solutions-4.2%

Shimmick Corporation-4.9%

By net margin

Pentair16.24%+1.4pp

Advanced Drainage Systems13.98%-1.5pp

Xylem11.15%+0.4pp

CRH9.65%+0.5pp

Northwest Pipe7.66%+1.0pp

Clean Harbors6.53%0.0pp

Select Water Solutions1.57%-1.0pp

Shimmick Corporation-4.44%+16.5pp

Profile

Advanced Drainage Systems is a leading manufacturer of innovative water management solutions specializing in the stormwater and onsite wastewater industries. The company manages the lifecycle of water from capture and conveyance to storage and treatment using high-performance thermoplastic corrugated pipe and related products. Its value proposition centers on material conversion, replacing traditional materials like concrete and steel with more durable, lightweight, and environmentally friendly recycled plastic solutions.

Competitive position

The company is a market leader in thermoplastic drainage solutions, leveraging a massive national distribution network and a significant cost advantage through its position as one of the largest recyclers of HDPE and PP in North America.

GeographiesNorth America

Customer segmentsResidential Construction, Non-Residential Construction, Infrastructure, Agriculture

Business modelManufacturing, Material Conversion, Distribution

SuppliersVirgin HDPE and PP resin producers, Post-consumer and post-industrial recycled plastic suppliers, Natural gas and crude oil markets

CustomersWholesale distributors, Retail hardware stores, General contractors, Public works departments

CountryUnited States of America

Listed2014

Employees5.7K

CEODonald Scott Barbour

SectorIndustrials

IndustryConstruction

Websiteadspipe.com

FilingsSEC EDGAR

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Questions, answered.

What is Advanced Drainage Systems's market cap?: Advanced Drainage Systems (WMS) has a market capitalization of $10.9B and trades on NYSE.
What is Advanced Drainage Systems's revenue and profitability?: Advanced Drainage Systems generated $3.1B in trailing twelve-month revenue with net income of $426.5M, representing a net margin of 14.0%. Gross margin stands at 38.3%, with free cash flow of $582.4M. These figures are based on the Q1 2026 filing.
Who are Advanced Drainage Systems's competitors?: Advanced Drainage Systems's key competitors include Oldcastle Infrastructure, Xylem Inc, Shimmick Corporation Common Stock, and others. These companies compete in similar markets and product categories.
What subsidiaries does Advanced Drainage Systems have?: Advanced Drainage Systems's subsidiaries include Infiltrator Water Technologies, LLC, National Diversified Sales (NDS), Orenco Systems, Inc..
Where is Advanced Drainage Systems headquartered?: Advanced Drainage Systems is headquartered in United States of America and employs approximately 5,705 people. It has been publicly traded since 2014.