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Advanced Drainage Systems WMS Q1 2026 earnings

Reported August 6, 2026 · Before market open

Revenue$1.0BBeat by $9.7M
EPS$2.49Beat by $0.39
Revenue estimate$991.4M
EPS estimate$2.10

Next report

Nov 5, 2026 (in a month)
Revenue estimate$920.5M
EPS estimate$1.80

Financials

Q1 2026

Income statement

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Revenue$1.0B+20.6%
Gross profit$408.0M+23.5%
Operating income$254.5M+23.7%
Net income$168.5M+17.1%
EPS (diluted)$2.19+19.0%

Balance sheet

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Cash & equivalents$162.4M-74.8%
Total debt$1.8B+23.5%
Total equity$1.8B+7.2%
Total assets$4.5B+15.3%

Cash flow

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Operating cash flow$260.4M-5.3%
CapEx$57.2M+8.7%
Free cash flow$203.2M-8.6%

Valuation & ratios

Valuation

as of 10/02/26
See full
Market cap$9.57B-13.7%
Enterprise value$11.17B-4.5%
P/E21.2×-3.0×
P/S3×-0.7×

Profitability

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Gross margin38.6%+1.2pp
Operating margin20.7%-1.1pp
Net margin14%-0.8pp
FCF margin17.5%+1.4pp

Returns & leverage

See full
Return on equity26.1%-3.4pp
Debt / equity1×+0.1×
Current ratio2.1×-1.1×

Segments

By segment

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Wastewater$208.9M—

FAQ

When did Advanced Drainage Systems report Q1 2026 earnings?
Advanced Drainage Systems (WMS) reported Q1 2026 earnings on August 6, 2026 before market open.
What were Advanced Drainage Systems's Q1 2026 revenue and EPS?
Advanced Drainage Systems reported revenue of $1.0B and eps of $2.49 for Q1 2026.
Did Advanced Drainage Systems beat estimates in Q1 2026?
Revenue beat the consensus estimate of $991.4M by $9.7M. EPS beat the consensus estimate of $2.10 by $0.39.
How did Advanced Drainage Systems's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 45.0% from $690.5M a year earlier and eps grew 27.7% from $1.95.
Where can I find Advanced Drainage Systems's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001604028-26-000034) and the 10-Q periodic report (0001604028-26-000037) directly on SEC EDGAR. The filing index links above go to sec.gov.